H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m Factors Affecting Bank Reserves and ' f*AL R£S^r Condition Statement of F.R. Banks H.4.1 For immediate release February 26, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 25, Feb . 18, 1 Feb. 26, Feb. 25, and related items *1976 1976 1 1975 1976* Reserve Bank credit: 1/ (In millions of dollars) 22//11// U.S. Government securities-- Bought outright—System account 87,262 + 855 + 7,752 87,239 Held under repurchase agreements 2,915 +1 ,320 + 1,757 5,771 Federal Agency obligations-- Bought outright 6,311 -- + 1,673 6,310 Held under repurchase agreements 122 + 39 + 52 234 Acceptances-- Bought outright 693 - 18 + 48 685 Held under repurchase agreements 342 + 233 + 204 511 Loans-- Total member bank borrowing 148 + 92 32 688 Includes seasonal borrowing of: 10 1 9 Other borrowing - - —— - - — Float 2,926 + 730 + 665 2,700 Other F.R. assets 2.959 - 576 + 26 3,021 Total Reserve Bank credit 103,678 +2 ,675 +12,145 107,159 Gold Stock 11,599 - - 22 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 10,269 + 12 + 966 10,272 126,046 +2 ,687 +13,189 129,530 Currency in circulation ** 84,079 324 + 7,115 84,141 Treasury cash holdings ** 500 —— + 260 500 Treasury deposits with F.R. Banks 10,783 +3 ,429 + 7,294 10,836 Foreign deposits with F.R. Banks 278 - 1 22 261 Other deposits with F.R. Banks 4/ 692 + 19 11 975 Other F.R. liabilities and capital 3,347 + 122 + 108 3*432 99,679 4-3, 245 +14,742 110000,,114455 Member bank reserves: With Federal Reserve Banks 26,367 - 559 - 1,553 29,385 Currency and coin 7.145 - 394 + 459 7,145 Total reserves held 5/ 33,651 - 953 955 36,669 Required reserves 33,770 - 264 - 677 33,770 Excess reserves 5/ 119 - 689 278 2,899 NOTE: A net of $233 million of surplus reserves were eligible to be carried forward from the week ended February 18, into the week ending February 25. On February 25, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,739 million, an increase of $536 million for the week. 1J Net of $224 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $292 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $184 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $10 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 accordance with Regulation D change effective November 19, 1975. Digitized for FRASER * Estimated (Dallas District). http://fraser.stlouisfed.org/ ** Estimated (Treasury's figures), Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday 1 Change since FFeebbrruuaarryv 29-55, lFlteeibvriu ary February 26, A S S E TS 1976 ** i IB. 1976 Gold certificate account 11,599 mm mm 22 Special Drawing Rights certif. acct * 500 + 100 Cash (2,154) 405 + 1 + 59 Loans 688 + 630 146 Acceptances--Bought outright 685 - 15 + 28 Held under repurchase agreements 511 + 208 + 289 Federal Agency obligations—Bought outright 6,310 - 1 + 1,703 Held under repurchase agreements 234 + 77 24 U.S. Government securities: Bought outright--Bills 36,880 + 341 + 1,396 Certificates Notes 44,505 + 280 + 4,010 Bonds 5,854 + 59 + 2,319 Total bought outright 1/2/ 87,239 + 680 + 7,725 Held under repurchase agreements 5,771 +3,441 + 3,264 Total U.S. Government securities 93,010 +4 ,121 +10,989 Total loans and securities 101,438 +5 ,020 +12,839 Cash items in process of collection (1,646) 7,733 -2 ,258 + 696 Bank premises 328 + 3 + 57 Operating Equipment 16 + 1 + 16 Other assets 3y 2,677 - 19 + 208 TOTAL ASSETS (3,800) 124,696 +2., 748 +13,953 L I A B I L I T I ES Federal Reserve notes (2,154) 74,774 476 + 6,472 Deposits: Member bank-reserves account 29,385 +3,, 382 838 U.S. Treasury--general account 10,836 +1,, 233 + 7,649 Foreign 261 + 9 10 Other 4/ 975 + 474 + 124 Total deposits 41,457 +5,0 98 4- 6,925 Deferred availability cash items (1,646) 5,033 -2,0 82 + 353 Other liabilities and accrued dividends 1,165 + 93 + 125 TOTAL LIABILITIES (3,800) 122,429 +2, 633 +13,875 CC AA PP II TT AALL A C C O U N TS Capital paid in 939 + 2 + 41 Surplus Other capital accounts 929 -- + 32 399 + 113 + 5 Contingent liability on acceptances purchased for foreign correspondents 149 * ** E;s™.dn ( s;™"hM",?«)'"* eu"in"i°"* "*"« ">"»co»,.nd.ti„g 1/ Excludes $292 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $184 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. !'I ncludes assets denominated in foreign currencies. Incudes $10 million of certain deposits of foreign-owned banking institutions held with member banks and redeposiced 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 25, 1976 (Acceptances and securities held under repurchase agreements are classified as maturinS 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 Within 15 days 688 620 10,176 + c 4 h , a 5 n 8 g 4 es 326 c + h 1 a 0 n 5 g es 16 days to 90 days 419 17,155 - 732 135 - 25 91 days to 1 year 157 22,853 31 873 + 28 Over 1 year to 5 years 30,855 + 178 3,270 - 32 Over 5 years to 10 years 7,557 + 63 1,302 Digitized for FRASER Over 10 years 4,414 + 59 638 http://fraser.stlouisfed.orgT/ otal 688 1,196 93,010 +4,121 6,544 + 76 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 25, 1976 New Phila- Cleve- Rich- St. Minne- I Kansas 1 San Total Boston York delphia land: mond Atlanta Chicago Louis apolis 1 Citv Dallas 1 Francisco (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 n t g 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 88 4 8 3 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.R. notes of other banks 2,154 106 441 101 145 198 325 113 37 33 42 177 436 Other cash 405 25 31 11 55 45 47 35 29 15 48 18 46 Loans 688 39 584 8 3 7 6 2 9 5 10 15 Acceptances: Bought outright 685 685 Held under repurchase agreements 511 511 Federal Agency obligations-- Bought outright 6,310 293 1,514 371 499 510 329 950 240 138 258 323 885 Held under repurchase agreements 234 234 U.S. Government securities: Bought outright— Bills 36,880 1,715 8,851 2,166 2,914 2,980 1,925 5,555 1,405 805 1,508 1,885 5,171 CCCeeerrrtttiiifffiiicccaaattteeesss NNNooottteeesss 44,505 2,069 10,680 2,613 3,516 3,596 2,324 6,704 1,696 972 1,819 2,275 6,241 BBBooonnndddsss 5,854 272 1,405 344 462 473 306 882 223 128 239 299 821 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt VVV222/// 87,239 4,056 20,936 5,123 6,892 7,049 4,555 13,141 3,324 1,905 3,566 4,459 12,233 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 5,771 5,771 TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 93,010 4,056 26,707 5,123 6,892 7,049 4,555 13,141 3,324 1,905 3,566 4,459 12,233 Total loans and securities 101,438 4,388 30,235 5,502 7,391 7,562 4,891 14,097 3,566 2,052 3,829 4,792 13,133 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 9,379 331 1,189 303 487 1,540 827 1,117 384 444 847 710 1,200 BBaannkk pprreemmiisseess 328 92 21 53 25 25 14 16 13 32 17 12 8 OOppeerraattiinngg EEqquuiippmmeenntt 16 2 3 3 I 2 1 2 2 OOtthheerr aasssseettss 33// 2,677 58 1,635 75 100 97 97 187 50 32 50 65 231 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt —0— + 431 -3,296 - 338 -fc 564 - 260 + 484 +1,406 + 728 + 466 - 95 + 84 - 174 TTOOTTAALL 128,496 5,985 33,712 6,409 9,701 10,233 7,325 18,818 5,278 3,291 5,175 6,301 16,268 ** Estimated (Dallas District). 1/ Excludes $292 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ includes $184 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 I

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON February 25, 1976 Nfew 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 76,928 3,828 19,534 4 487 6,629 7,016 3,781 12,155 3 ,276 1,572 2,675 2,934 9,041 Deposits: Member bank reserves 29,385 1,093 8,390 878 1,655 1,330 1,847 4,295 877 700 1,246 1,725 5,349 U.S. Treasury—general account 10,836 622 3,042 655 784 426 982 1,063 709 531 405 881 736 Foreign 261 8 1/ 102 10 19 12 16 33 7 6 9 12 27 Other 2/ 975 1 805 4 1 14 40 13 * 2 3 75 17 Total deposits 41,457 1,724 12,339 1,547 2,459 1,782 2,885 5,404 1, 593 1,239 1,663 2,693 6,129 Deferred availability cash items 6,679 297 947 206 343 1,169 432 771 295 396 703 503 617 Other liabilities and accured dividends 1.165 48 308 61 77 130 62 143 37 23 39 49 188 TOTAL LIABILITIES 126,229 5,897 33,128 6,301 9,508 10,097 7,160 18,473 5 ,201 3,230 5,080 6,179 15,975 CAPITAL ACCOUNTS ! 1 C S a u p r i p t l a u l s paid in 9 9 2 3 9 9 3 3 5 5 2 2 3 4 9 1 4 4 3 2 8 8 1 1 5 5 3 2 7 7 3 2 1 14 4 2 3 3 3 1 2 2 2 6 7 3 4 9 0 5 5 2 2 1 11 1 9 8 Other capital accounts 399 18 104 23 31 31 20 60 14 8 16 18 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 128,496 5,985 33,712 6,409 9,701 10,233 7,325 18,818 5 ,278 3,291 5,175 6,301 16,268 FEDERAL RESERVE AGENTS' ACCOUNTS F C . o R ll . a t n e o r t a e l s f o o ut r s F t . a R nd . i n n g o tes: 80,847 3,989 20,374 4,626 6,917 7,26? 4,450 3,449 1,61/ 2,831 3,089 9,767 A G S c o p c l e e c d p i t a c a l e n r c D t e r i s a f w i i c n at g e R a i c g c h o t u s n t c ertif. acct. 11, 3 5 0 9 2 6 5 2 3 4 0 3,3 1 2 2 9 4 668 888 981 61 2 1 8 1,768 44 2 9 0 20 1 5 0 41 1 8 8 42 1 2 9 1,3 5 2 9 7 U.S. Government securities 71.710 3.575 17.050 4.150 6.210 6.505 4.000 3.07 -- 0 1.51 -— 0 2.60 —— 0 2.74 —— 0 8.90 «# 0 • Total collateral 1_8 8 : 3 ,608 4,129 20,503 4,818 7,098 7,486 4,639 3,539 1,725 3,036 3,181 10,286 1/ After deducting $159 million participations of other Federa lReserve Banks. 2/ Includes $10 millio nof certain deposits of foreign-owned banking institutions held with member bank sand redeposited in full with Federal Reserve Banks in connection with voluntar yparticipation by nonmember institutions in the Federal Reserve System's program of credit restraint. * Less than $500,000. ** Estimated Dallas District. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 1