H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE ^ _ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release February 4, 1976 H.4.1 Release scheduled for February 12, 1976, will be published Friday, February 13, 1976. Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 4, * Jan. 28, Feb. 5, Feb. 4, * and related items 1976 1976 1975 1976 37 (In millions of dollars) ~vu U.S. Government securities— Bought outright—System account 85,616 + 448 + 5,289 85,588 Held under repurchase agreements 3,288 + 941 + 2,734 2,815 Federal Agency obligations-- Bought outright 6,312 + 1,640 6,311 Held under repurchase agreements 254 + 41 + 194 204 Acceptances-- Bought outright 743 _ 7 + 71 740 Held under repurchase agreements 398 + 182 + 240 305 Loans-- . Total member bank borrowing 55 3 43 43 Includes seasonal borrowing of: 11 + 3 -- 11 Other borrowing Float 2,218 - 193 + 90 2,733 Other F.R. assets 3,671 + 49 168 3,684 Total Reserve Bank credit 102,555 +1,457 +10,046 102,423 Gold Stock 11,599 —— 35 11,599 Special Drawing Rights certif. acct. 500 — — + 100 500 Treasury currency outstanding 10,253 + 7 + 969 10,256 124,906 +1 ,463 +11,079 124,778 Currency in circulation ** 83,480 - 172 + 7,011 83,831 Treasury cash holdings ** 450 — — + 200 450 Treasury deposits with F.R. Banks 9,805 +1 ,420 + 7,171 7,800 Foreign deposits with F.R. Banks 268 + 38 74 225 Other deposits with F.R. Banks 727 - 45 - 121 699 Other F.R. liabilities and capital 3.314 - 45 - 427 3,003 98,045 + 1, 1^7 +13,761 96,008 Member bank reserves: With Federal Reserve Banks 26,861 + 266 - 2,682 28,770 Currency and coin S,121 - 228 + 690 9,121 Total reserves held 5/ 35,113 + 38 - 1,861 37,022 Required reserves 34,659 - 244 - 1,921 34,658 Excess reserves 5/ 455 + 282 + 60 2,364 NOTE: A net of $58 million of surplus reserves were eligible to be carried forward from the week ended January 23, into the week ending February 4. On February 4, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,672 million, a decrease of $473 million for the week. 1/ Net of $327 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $355 million of securities sold, and scheduled to be bought tback, under matched sale-purchase transactions. 3/ Includes $154 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve; Banks. 4/ Includes $13 million of certain deposits of foreign-owned banking institution? held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System*s program of credit restraint. 5/ Adjusted to include $131 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. * Estimated (Philadelphia and Dallas Districts). Digitized f*o*r FERsAtSiEmRa ted (Treasury's figures). http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT Of CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since ebruary 4, January 28, February 5, A S S E T S 1976 ** 1976 1975 Gold certificate account 11,599 •m * - 30 Special Drawing Rights certif. acct. * 500 — — + 100 Cash (2,408) 392 - 2 + 70 Loans 43 - 95 - 46 Acceptances--Bought outright 740 - 1 + 81 Held under repurchase agreements 305 - 110 + 297 Federal Agency obligations--Bought outright 6,311 - 1 + 1,661 Held under repurchase agreements 204 - 189 + 204 U.S. Government securities: Bought outright--Bills 35,568 - 122 + 23 Certificates Notes 44,425 + 189 + 4,022 Bonds 5,595 -- + 2,284 Total bought outright 1/2/ 85,588 + 67 + 6,329 Held under repurchase agreements 2,815 -3 ,303 + 2,815 Total U.S. Government securities 88,403 -3 ,236 + 9,144 Total loans and securities 96,006 -3 ,632 +11,341 Cash items in process of collection (1,871) 8,242 + 754 - 2,147 Bank premises 324 - 1 + 55 Operating Equipment 13 - - + 13 Other assets 3_/ 3,347 + 17 - 1,049 TOTAL ASSETS (4,279) 120,423 -2 ,864 + 8,353 L I A B I L I T I ES Federal Reserve notes (2,408) 74,417 + 150 + 6,256 Deposits: Member bank-reserves account 28,770 - 678 - 3,405 U.S. Treasury-general account 7,800 -2 ,560 + 7,021 Foreign 225 + 16 - 52 Other 4/ 699 + 72 - 33 Total deposits 37,494 -3 ,150 + 3,531 Deferred availability cash items (1,871) 5,509 + 560 + 422 Other liabilities and accrued dividends 1,056 - 65 - 1,929 TOTAL LIABILITIES (4,279) 118,476 -2 ,505 + 8,280 C A P I T AL A C C O U N TS Capital paid in 934 + 33 Surplus 929 + 1 + 32 Other capital accounts 84 - 360 + 8 Contingent liability on acceptances purchased, for foreign correspondents „ 316 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Philadelphia and Dallas Districts). 1/ Excludes $355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $154 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J Includes assets denominated in foreign currencies. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. FEBRUARY 4, 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 26 378 11,069 +2,308 204 16 days to 90 days 17 459 15,727 -4,928 224 91 days to 1 year 208 20,354 - 805 845 Over 1 year to 5 years 30,572 + 189 3,302 Over 5 years to 10 years 6,526 — 1,302 Digitized for FRASER Over 10 years 4,155 « 638 http://fraser.stlouisfed.orgT/ otal 43 1,045 88,403 -3,236 6,515 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 4, 1976 New ** Phila- Cleve- Rich- St. Minne- Kansas ** San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3,330 668 888 981 611 1,768 449 206 419 422 1,327 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 2,408 143 449 167 173 213 332 140 54 43 39 16L6 489 Other cash 392 24 31 10 53 46 49 35 28 15 46 10 45 Loans 43 • w * 11 —— —— 8 3 9 —— 2 - —— 10 Acceptances: Bought outright 740 — 740 -- -- -- -- -- -- — -- Held under repurchase agreements 305 -- 305 -- — -- -- -- — -- -- -- Federal Agency obligations- Bought outright 6,311 293 1,514 371 499 510 329 951 240 138 258 332233 885 Held under repurchase agreements 204 -- 204 -- -- — — — . -- -- — -- U.S. Government securities: Bought outright— Bills 35,568 1,654 8,536 2,089 2,810 2,874 1,857 5,357 1,356 777 1,453 1,818 4,987 Certificates -- - - -- — -- — - - -- -- — V — • -- -- Notes 44,425 2,065 10,661 2,609 3,510 3,590 2,320 6,692 1,692 970 1,816 2,271 6,229 Bonds 5,595 260 1,343 328 442 452 292 843 213 122 229 286 785 Total bought outright 1/2/ 85,588 3,979 20,540 5,026 6,762 6,916 4,469 12,892 3,261 1,869 3,498 4,375 12,001 Held under repurchase agreements 2,815 —- 2,815 -- —— -- -- -- -- - — -- — Total U.S. Government securities 88,403 3,979 23,355 5,026 6,762 6,916 4,469 12,892 3,261 1,869 3,498 4,375 12,001 Total loans and securities 96,006 4,272 26,118 5,408 7,261 7,426 4,806 13,846 3,510 2,007 3,758 4,698 12,896 Cash items in process of collection 10,113 387 1,493 210 530 1,601 933 1,212 407 427 808 868 1,237 Bank premises 324 91 21 52 25 24 14 16 13 32 16 12 8 Operating Equipment 13 -- 2 3 1 — -- -- 2 1 -- 2- 2 Other assets 3/ 3,347 89 1,827 114 152 149 116 285 75 58 79 101 302 Interdistrict settlement account -0- 4- 153 -1,634 - 187 +1,077 - 142 - 573 4- 650 + 507 + 305 - 188 - 113 + 145 TOTAL 124.702 5.713 31.761 6.476 10.203 10.343 6.316 18.031 5.065 3.104 4.995 6.185 16.510 * Less than $500,000. ** Estimated (Philadelphia and Dallas Districts). If Excludes $355 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $327 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c> STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 4* 1976 New Phila- Cleve- Rich- i St, Minne- Kansas . San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas * Francisco (In millions of dollars> l i a b i l i t i es Federal Reserve notes 76,825 3,821 19*40fr 4,515 6,625 7,034 3,792 12,145 3,274 1,558 2»661 2,926 9,065 Deposits t Member bank reserves 28,770 1,024 7,527 917 2,238 1,213 1,616 4,085 811 715 1,125 1,766 5,733 U.S. Treasury—general account 7,800 422 2,267 706 648 596 172 482 564 359 379 645 560 Foreign 225 9 1/ 62 10 19 12 17 34 7 6 12 28 Other 2/ 699 2 560 1 IS 32 7 2 2 65 13 Total deposits 37,494 1,457 10,416 1,634 2,905 1,836 1,837 4,608 1,382 1,082. 1,515 2,488 *,334 Deferred availability cash items 7,380 314 1,160 168 430 1,286 479 840 306 387 697 610 703 Ot d h i e v r i d l e i n a d bi s l ities and accured 1,056 48 277 61 76 77 60 144 38 23 41 49 162 TOTAL LIABILITIES 122,755 5,640 31,262 6,378 10,036 10,233 6,168 17,737 5,000 3,050 4,914 6,073 16,264 CAPITAL ACCOUNTS Capital paid in 934 35 241 43 81 53 72 142 31 26 39 52 119 O S t u h r e pl r u s c apital accounts 92 8 9 4 3 3 5 23 1 9 9 4 1 2 3 8 5 1 5 5 2 7 4 2 1 1 4 0 2 3 3 1 2 2 6 3 3 K 5 8 2 11 9 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 124,702 . 5,713 31,761 6,476 10,203 10,343 6,316 18,031 5,056 3*104 4,995 6,185 16,5ia FEDERAL RESERVE AG&mS* ACCOUNTS F C . o R ll . a t n e o r t a e l s f o o u r t s F t . a R nd . i n n g ot es: 81*138 4,004 20,267 4,672 6,949 7,320 4,518 12,555 3,441 1,624 2,854 3,091 9*843 Gold certificate account 11,596 530 3,329 668 888 981 611 1,768 449 205 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 28 20 10 la 19 59 Acceptances U.S. Government securities 71,710 3,575 17,050 4,150 fr, 210 6,505 4,00a 11,400 3*070 1,510 2,600 2,740 8,900 Total collateral 83,608 . 4 *159 20*503 4,818 7,098 7*486 4,639 13,168 3*539 1,725 3,036 3*181 10,286 * Estimated (Philadelphia an£ Dallas 2/ Includes $13 million of certain deposits of foreign-owned banking institutions held with member banks and District). redeposited irv full with Federal Reserve Bankr in connection with voluntar yparticipation by nonmember institutions in the Federal Reserve System's program of creditr restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis