H.4.1 Factors Affecting Reserve Balances of Depository Institutions

O? QOV. e FEDERAL RESERVE Effffl Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 19, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 18, Feb. 11, Feb. 19, Feb. 18, and related items 197 7 6 , 1976 1 1975 1976 Reserve Bank credit: i/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 86,407 + 891 + 7 ,700 86,559 Held under repurchase agreements 1,595 +1 ,595 + 823 2,330 Federal Agency obligations-- Bought outright 6,311 • mm + 1 ,661 6,311 Held under repurchase agreements 83 + 83 - 43 157 Acceptances-- Bought outright 711 - 23 + 78 700 Held under repurchase agreements 109 + 109 - 18 303 Loans— Total member bank borrowing 56 + 5 - 173 58 Includes seasonal borrowing of: 10 - 1 - 2 9 Other borrowing —— —— Float 2,210 - 180 + 217 2,875 Other F.R. assets 3,535 - 148 + 139 3T036 Total Reserve Bank credit 101,017 +2 ,334 +10 ,384 102,329 Gold Stock 11,599 - 25 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10,257 + 1 + 981 "10.261 123,373 +2 ,335 4-11 ,439 124,689 Currency in circulation * 84,403 + 373 + 7 ,105 84,607 Treasury cash holdings * 500 + 50 + 266 500 Treasury deposits with F.R. Banks 7,354 + 388 + 5 ,394 9,603 Foreign deposits with F.R. Banks 279 + 32 - 85 252 Other deposits with F.R. Banks 4/ 673 - 15 + 61 501 Other F.R. liabilities and capital 3.225 + 187 + 63 3.224 96,434 +1 ,016 +12 ,805 98,687 Member bank reserves: With Federal Reserve Banks 26,940 +1 ,319 - 1 ,364 26,003 Currency and coin 7,539 - 544 + 725 7,539 • Total reserves held 5/ 34,618 + 776 - 500 33,681 Required reserves 34,034 + 315 - 926 34,034 Excess reserves 5/ 584 + 461 + 426 - 353 NOTE: A net of $56 million of surplus reserves were eligible to be carried forward from the week ended February 11, into the week ending February 18. On February 18, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,203 million, an increase of $213 million for the week. 1/ Net of $518 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $201 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 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. 5>/ Adjusted to include $139 million waivers of penalties for reserve deficiencies in Digitized for FRASER accordance with Regulation D change effective November 19, 1975. * Estimated (Treasury1s 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 18, February February A S S E TS 1976 Gold certificate account 11 ,599 22 Special Drawing Rights certif. acct, * 500 «• •— + 100 Cash (1,977) 404 —• *» + 65 Loans 58 - 4 - 1 ,067 Acceptances--Bought outright 700 - 20 + 70 Held under repurchase agreements 303 + 303 + 297 Federal Agency obligations—Bought outright 6 ,311 mm • + 1 ,661 Held under repurchase agreements 157 + 157 + 157 U.S. Government securities: Bought outright—Bills 36 ,539 + 260 + 927 Certificates —— •» mm mm mm Notes 44 ,225 - 200 + 3 ,972 Bond « 5 ,795 + 200 + 2 ,334 Total bought outright 1/2/ 86 ,559 + 260 + 7 ,233 Held under repurchase agreements 2 1330 +2 ,330 + 2 ,330 Total U.S. Government securities 88 ,889 +2 ,590 + 9 ,563 Total loans and securities 96 ,418 +3 ,026 +10 ,681 Cash items in process of collection (1,711) 9 ,991 +2 ,841 - 78 Bank premises 325 —» + 56 Operating Equipment 15 + 2 + 15 Other assets 3/ 2,, 696 - 638 19 TOTAL ASSETS (3,688) 121,, 948 +5,, 231 +10,, 798 L I A B I L I T I ES Federal Reserve notes (1,977) 75,, 250 + 121 + 6,, 554 Deposits: Member bank-reserves account 26,, 003 + 5 - 2,, 431 U.S. Treasury—general account 9, 603 +2,, 898 + 6,, 563 Foreign 252 5 67 Other 4/ (2) 501 - 93 - 199 Total deposits (2) 36, 359 +2, 805 + 3, 866 Deferred availability cash items ( 1,709) 7, 115 +2, 177 + 386 Other liabilities and accrued dividends 1, 072 + 21 76 TOTAL LIABILITIES (3,688) 119, 796 +5, 124 +10, 730 c a p i t al a c c o u n ts Capital paid in 937 + 1 + 39 Surplus 929 + 32 Other capital accounts 286 + 106 3 Contingent liability on acceptances purchased, for foreign correspondents 197 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $201 million securities loaned—-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 18, 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 57 T TT 5,592 •2,651 221 +186 16 days to 90 days 1 413 17,887 +2,297 160 - 29 91 days to 1 year 176 22,884 +1,671 845 Over 1 year to 5 years 30,677 + 105 3,302 Over 5 years to 10 years 7,494 + 968 1,302 Over 10 years 4,355 + 200 638 Digitized for FRASER Total 58 1,003 88,889 +2,590 6,468 +157 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 18, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago 1 Louis apolis Citv 1 Dallas 1F rancisco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a ng t e R a i c g c h o t u s n t c ertif. 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 1,3 5 2 9 7 F O . t R h . e r n o c t as e h s of other banks 1, 4 97 0 7 4 1 2 0 5 4 38 3 6 0 9 1 4 1 1 5 4 4 1 1 4 8 6 7 2 4 9 8 5 3 9 6 3 4 2 0 9 3 1 3 5 4 4 5 6 15 1 6 8 4 4 0 6 3 Loans 58 2 8 2 9 8 1 3 10 15 Acceptances: Bought outright 700 700 Held under repurchase agreements 303 303 Fed B e ou r g al ht A o g u e t n r c i 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 157 157 U.S. Government securities: Bou B g i h l t l s o utright-- 36,539 1,699 8,769 2,146 2,887 2,952 1,908 5,504 1,, 392 798 1,493 1,868 5,123 C B N e o o r n t t d e s s i ficates 44 5 , , 2 7 2 9 5 5 2,0 2 5 6 6 9 10 1 , , 6 3 1 9 3 1 2,5 3 9 4 7 0 3, 4 4 5 9 8 4 3, 4 5 6 7 8 4 2,3 3 0 0 9 2 6,6 8 6 7 1 3 13, 2 6 2 8 1 5 9 1 6 2 6 7 1,8 2 0 3 8 7 2,2 2 6 9 1 6 6,2 8 0 1 1 3 Total bought outright 1/2/ 86,559 4,024 20,773 5,083 6,839 6,994 4,519 13,038 3 ,: 298 1,891 3,538 4,425 12,137 Un6aiI Q/I unnaner/ 4icapuoruruoadoc nagiioccnuifc"nt Qa 2,330 2,330 T T1r o U» t fL" a na l 1i U l TT o a •9 n u s H in a Vu n JpU d TVr Ci s m1 e p c nLllfU u " r C i 1 t 1 sL i e e c s u rities 8 9 8 6 . , 8 4 8 1 9 8 4 4 , . 3 0 1 2 7 4 2 2 3 5 , , 1 7 0 7 3 9 5 5 , , 0 4 8 6 3 2 6 7 , , 8 3 3 4 9 0 6 7 , , 9 5 9 0 4 4 4 4 , , 5 8 1 5 9 7 1 1 3 3 , , 9 0 9 3 7 8 3 3 , ,2 5 9 3 8 9 2 1 , , 0 8 2 9 9 1 3 3 , , 7 5 9 3 9 8 4 4, , 4 7 2 5 5 8 1 1 2 3 , , 1 0 3 3 7 7 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 11,702 507 1,857 358 734 1,574 993 1,664 519 526 1,065 761 1,144 BB OO aa pp nn ee kk rr aa pp tt rr ii ee nn mm gg ii EE ss qq eess uu iippmmeenntt 32 1 5 5 92 21 2 52 3 25 3 24 14 16 13 2 32 1 16 12 2 8 2 OOtthheerr aasssseettss 33// 2,696 56 1,574 67 95 238 85 173 44 33 50 60 221 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 449 -2,111 - 386 + 106 73 + 617 + 392 + 590 + 426 + 24 - 106 + 72 TTOOTTAALL 125,636 6,104 30,992 6,360 9,429 10,526 7,548 18,218 5 ,245 3,311 5,482 6,102 16,319 V Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $201 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 18, 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 77,227 3,840 19,604 4,517 6,645 7,044, 3,800 12,194 3,283 1,570 2,686 2,938 9*106 Deposits; Member bank reserves 26,003 1,115 6,838 746 1,267 1,405T 1,686 3,603 765 675 1,163 1,596 5,144 U.S. Treasury—general account 9,603 606 1,854 627 640 476 1,203 865 704 461 564 793 810 Foreign 252 8 1/ 92 10 19 12 17 33 7 6 9 12 27 Other 2f 503 358 5 1 15 34 4 1 1 2 63 19 Total deposits 36,361 1,729 9,142 1,388 1,927 1,908 2,940 4,505 1,477 1,143 1,738 2,464 6,000 Deferred availability cash items 8,824 403 1,404 294 596 1,368 587 1,044 375 515 992277 553322 777799 Other liabilities and accured dividends 1.072 49 287 61 77 78 63 147 38 25 40 49 158 TOTAL LIABILITIES 123,484 6,021 30,437 6,260 9,245 10,398 7,390 17,890 5,173 3,253 5,391 5,983 16,043 CAPITAL ACCOUNTS Capital paid in 937 35 241 43 81 53 72 143 31 27 40 52 119 Surplus 929 35 239 42 81 52 72 142 31 26 39 52 118 Other capital accounts 286 13 75 15 22 23 14 43 10 5 12 15 39 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 125.636 6.104 30.992 6.360 9.429 10.526 7.548 18.218 5.245 3,311 5.482 6.102 16.319 FEDERAL RESERVE AGENTS* ACCOUNTS F.R. notes outstanding 80,963 4,007 20,344 4,639 6,927 7,293 4,471 12,49a 3,447 1,618 2,843 3,091 y,/93 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 mm w 20 10 IS 19 59 Acceptances -- -- —— ## mm mrnm __ U.S. Government securities 71.710 3.575 17.Q5Q 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 If After deducting $160 million participations of other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions held wicn member banks and redeposited in full with Federal Reserve Banks in connecfinn voluntary participation by nonmember institutions in the Federal Reserve Svat-em 11 ss jj program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis