H.4.1 Factors Affecting Reserve Balances of Depository Institutions

..-^OV^OVy FEDERAL RESERVE & Ml Factors Affecting Bank Reserves and RES":. Condition Statement of F.R. Banks H.4.1 For immediate release February 13, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 11, Feb. 4, Feb. 12, Feb. 11, and related items 1976 1976 1975 1976 Reserve Bank credit: H (In millions of dollars) 2/ U.S. Government securities-- Bought outright—System account 85,516 - 100 + 7,055 86,299 Held under repurchase agreements -3 ,288 586 Federal Agency obligations-- Bought outright 6,311 - 1 +. 11,,666611 6,311 Held under repurchase agreements - - - 254 - 104 -- Acceptances-- Bought outright 734 - 9 + 86 720 Held under repurchase agreements - 398 - 96 — Loans-- Total member bank borrowing 51 - 4 - 39 62 Includes seasonal borrowing of: 11 + 1 12 Other borrowing -- -- Float 2,349 + 129 + 362 2,212 Other F.R. assets 3.683 + 12 + 3 3.672 Total Reserve Bank credit 98,642 -3 ,915 + 8,341 99,276 Gold Stock 11,599 - 29 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10,256 + 3 + 985 10,256 120,997 -3 ,911 + 9,396 121,631 Currency in circulation * 84,030 + 549 + 6,978 84,531 Treasury cash holdings * 450 -- + 211 450 Treasury deposits with F.R. Banks 6,966 -2 ,839 + 5,474 6,705 Foreign deposits with F.R. Banks 247 - 21 - 23 257 Other deposits with F.R. Banks 3/ 688 - 42 + 54 594 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.038 - 274 - 304 3.096 >5,418 -2 ,628 +12,390 95,633 Member bank reserves: With Federal Reserve Banks 25,580 -1 ,283 - 2,993 25,998 Currency and coin 8,083 - 38 + 627 8.083 Total reserves held 4/ 33,801 -1 ,314 - 2,228 34,219 Required reserves 33,719 - 939 - 2,251 33,719 Excess reserves 4/ 82 - 375 + 23 500 NOTE, A net of $198 million of surplus reserves were eligible to be carried forward from the week ended February 4, into the week ending February 11. On February 11, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,990 million, an increase of $318 million for the week. 1J Net of $564 million, daily average, matched sale-purchase transactions outstanding during the statement week, 2/ Includes $143 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 non-member institutions in the Federal Reserve System's program of credit restraint. 4/ Adjusted to include $138 million waivers of penalties for reserve deficiencies in accordance with Regulation D change effective November 19, 1975. Digitized for FRASER * Estimated (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 February 11, February 4, February 12, A S S E TS 1976 1976 1975 Gold certificate account 11,599 —— 26 Special Drawing Rights certif. acct* * 500 + 100 Cash (2,055) 404 + 3 + 72 Loans 62 + 19 - 55 Acceptances--Bought outright 720 20 + 92 Held under repurchase agreements —— - 305 - 314 Federal Agency obligations--Bought outright 6,311 — — +1,661 Held under repurchase agreements - 204 - 364 U.S. Government securities: Bought outright--Bills 36,279 + 711 + 902 Certificates Notes 44,425 44,022 Bonds 5,595 — — +2,284 Total bought outright 1/ 86,299 + 711 +7,208 Held under repurchase agreements -- -2,815 -2,049 Total U.S. Government securities 86,299 -2,104 +5,159 Total loans and securities 93,392 -2,614 +6,179 Cash items in process of collection (1,623) 7,150 - 919 - 397 Bank premises 325 + 1 + 56 Operating Equipment 13 — "» + 13 Other assets ±/ 3,334 13 + 23 TOTAL ASSETS (3,678) 116,717 -3,542 +6,020 L I A B I L I T I ES Federal Reserve notes (2,055) 75,129 + 702 +6,343 Deposits: Member bank-reserves account 25,998 -2,772 -5,338 U.S. Treasury--general account 6,705 -1,095 +5,397 Foreign 257 + 32 + 7 Other 3y 594 - 123 89 Total deposits 33,554 -3,958 23 Deferred availability cash items (1,623) 4,938 - 396 - 222 Other liabilities and accrued dividends 1,051 1 - 160 TOTAL LIABILITIES (3,678) 114,672 -3,653 +5,938 C A P I T AL A C C O U N TS Capital paid in 936 + 2 + 39 Surplus 929 - - - + 32 Other capital accounts 180 + 109 + 11 Contingent liability on acceptances purchased, for foreign correspondents - 269 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $143 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ 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 11, 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 LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 57 94 8,243 -2,826 35 -169 16 days to 90 days 5 438 15,590 - 137 189 - 35 91 days to 1 year -- 188 21,213 + 859 845 Over 1 year to 5 years -- -- 30,572 -- 3,302 —— Over 5 years to 10 years -- — 6,526 -- 1,302 -- Over 10 years -- - - 4,155 -- 638 — — Total 62 720 86,299 -2,104 6,311 -204 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 11, 1976 New 1 Phila- Cleve- 1 Rich- 1 St. Minne- 1 Kansas 1 San Total Boston York 1 delphia land 1 mond 1 Atlanta 1 Chicago I Louis apolis 1 Citv 1 DallasI Francisco (In millions of dollars) A S S E TS G S o p l e d ci a c l e r D t r i a fi w c i a n t g e R a i c g c h o t u s n t ce rtif. acct. 11,5 5 9 0 9 0 53 2 0 4 3,3 1 3 2 0 4 66 3 8 1 8 4 8 3 8 9 4 8 5 1 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,32 5 7 9 F O . t R he . r no ca t s e h s of other banks 2, 4 0 0 5 4 5 1 2 1 5 5 39 3 6 1 10 1 1 1 1 5 5 3 1 1 4 9 6 2 2 4 9 8 3 11 3 4 6 3 2 8 7 3 1 5 5 4 4 1 7 15 1 8 9 42 4 1 6 Loans 62 -- 1 11 -- -- 9 3 -- 12 1 10 15 Acceptances: Bought outright 720 720 -- -- Held under repurchase agreements — — — — — — Fed B e o r u a gh l t Ag o e u n t c ri y g h o t b ligations— 6,311 293 1,514 371 499 510 329 951 240 138 258 323 885 Held under repurchase agreements U.S. Government securities: Bou B g i h ll t s o utright-- 36,279 1,687 8,706 2,131 2,866 2,932 1,894 5,464 1,382 793 1,482 1,855 *5,087 C B N e o o r n t t d e i s s f icates 44 5 , , 4 5 2 9 5 5 2,0 2 6 6 5 0 10 1 , , 6 3 6 43 1 2,6 3 0 2 9 8 3, 4 5 4 1 2 0 3, 4 5 5 9 2 0 2, 2 3 9 2 2 0 6,6 84 9 3 2 1,6 2 9 1 2 3 9 1 7 2 0 2 1,8 2 1 2 6 9 2,2 2 7 8 1 6 6 + , 2 7 2 8 9 5 Total bought outright V 86,299 4,012 20,710 5,068 6,818 6,974 4,506 12,999 3,287 1,885 3,527 4,412 12,101 T To o t t H a 6 a 11 l l Q U l A o . U i a S .l n . .Qm s GJ G ia a o vr n v c d e pr r au s n i e m Lr c e \l u i n li r ra t i ooV t s c i i e s e c c\i u s g r i i fc t lc i ipu e c s Auf LfToP PITIPTI 9 8 t 6 3 " , , 2 3 9 9 S 9 2 4 4 , ,3 0 0 1 5 2 2 2 0 2, , 9 7 4 1 5 0 5 5, , 0 4 6 5 8 0 6 7 , , 8 31 1 7 8 6 7 , , 9 4 7 8 4 4 4 4, , 5 8 0 4 6 4 1 12 3 , , 9 9 9 5 9 3 3 3 , , 5 2 2 8 7 7 2 1 , , 0 8 3 85 5 3 3 , , 7 5 8 2 6 7 4 4 , , 4 7 1 4 2 5 1 1 2 3 , , 1 0 0 0 1 1 B C O O i a a p t n n s e h c r e k h e a r r t *a p i i i4 r t a n s e e s < g t m m s 4r i s e ai s t E c e i q s nt s n u i 2 o p p / te m r t- e o u n c io t e co s afi s c o uPfm f LlP Ta c l^ o f ^ l fu l ul e uC c tC t i r o t n t int* 8 3 , , 7 3 3 - 7 2 3 1 0 3 5 4 3 - + 3 1 2 9 9 5 5 1 4 9 + 1 1 , , 3 2 7 8 9 4 2 9 2 5 4 1 - 2 1 3 5 6 1 7 3 2 4 0 5 + 4 1 6 7 5 2 7 6 1 9 5 5 - 1 , 2 4 1 4 1 2 5 8 8 4 5 - 7 1 4 9 3 1 2 0 1 4 5 + 1, 3 0 2 5 4 9 1 3 2 5 6 + 3 3 9 7 1 7 2 3 4 4 8 + 3 8 4 7 3 6 9 4 1 2 - 7 8 8 8 1 3 1 3 6 - 5 1 4 7 0 1 1 2 2 1 2 7 - 1 , 4 0 3 9 4 3 2 8 2 3 9 TOTAL 120,395 5,668 30.277 6,315 9,788 10,097 6,334 17.656 4,922 2,843 5,108 5,633 15,754 1/ Includes $143 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 7/ 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 H, 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) L I A B I L I T I ES Federal Reserve notes 77,184 3,830 19,514 4,520 6,641 7,046 3,859 12,193 3,286 1,567 2,678 2,937 9,113 Deposits: Member bank reserves 25,998 1,016 6,763 894 1,882 1,222 1,556 3,762 760 558 1,059 1,573 4,953 U.S. Treasury—general account 6,705 407 1,859 530 593 486 228 . 547 458 292 376 451 478 Foreign 257 9 If 79 11 21 13 19 37 8 7 10 13 30 Other 2/ 594 - 447 1 2 14 37 4 1 2 2 66 18 Total deposits 33,554 1,432 9,148 1,436 2,498 1,735 1,840 4,350 1,227 859 1,447 2,103 5,479 Deferred availability cash items 6,561 279 841 203 396 1,119 424 654 301 337 855 430 722 Other liabilities and accured dividends 1.051 49 248 61 77 79 58 148 39 23 41 50 178 TOTAL LIABILITIES 118,350 5,590 29,751 6,220 9,612 9,979 6,181 17,345 4,853 2,786 5,021 5,520 14,492 CAPITAL ACCOUNTS Capital paid in 936 i 35 241 43 81 53 72 142 31 27 40 52 119 Surplus 929 1 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 180 8 46 10 14 13 9 27 7 4 8 9 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 120,395 5,668 30,277 6,315 9,788 10,097 6,334 17,656 4,922 2,843 5,108 5,633 15,754 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 80,975 3,987 20,326 4,653 6,927 7,302 4,489 12,50? 3,424 1,622 2,847 3,080 9,911 Collateral for F.R. notes: 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 18 19 59 Acceptances -- - - - - - - -- -- -- -- -- -- -- -- -- U.S. Government securities 71.710 3.575 17.050 4.150 6.210 6.505 4.000 11.400 3.070 1.510 2.600 2.740 8.900 Total collateral 83,608 4,129 20,503 4,818 7,098 7,.486 4,639 13,168 3,539 1,725 3,036 3,181 10,286 V After deducting $178 million participations of other Federal Reserve Banks. 2/ 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis