H.4.1 Factors Affecting Reserve Balances of Depository Institutions

. C of GOV,;. FEDERAL RESERVE Factors Affecting Bank Reserves and •f*A LRI&' Condition Statement of F.R. Banks H.4.1 For immediate release November 26, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 24, Nov. 17, I Nov. 26, Nov. 24, and related items 1976 1976 1975 1976 Reserve Bank credit: lj (In millions of dollars) 2/ 3/ U.S. Government securities-- Bought outright—System account 91,756 + 251 4-6,836 91,805 Held under repurchase agreements 1,289 + 565 - 559 3,769 Federal Agency obligations-- Bought outright 6,871 + 114 + 799 6,871 Held under repurchase agreements 40 + 19 - 112 158 Acceptances— 200 + 1 - 532 199 Bought outright Held under repurchase agreements 139 + 58 46 345 Loan To s t - a - l member bank borrowing 44 10 29 82 Includes seasonal borrowing of: 21 5 24 Other borrowing Float Z 3,075 324 + 780 3,716 Other F.R. assets 3,077 427 - 39 3,140 Total Reserve Bank credit 106,491 247 +7,098 110,085 Gold Stock 11,598 1 11,598 Special Drawing Rights certif. acct. 1,200 + 700 1,200 Treasury currency outstanding 10,842 18 + 781 10,843 130,131 + 265 +8,578 133,726 Currency in circulation 92,255 + 241 +8,110 92,702 Treasury cash holdings 525 + 93 525 Treasury deposits with F.R. Banks 6,383 + 378 +1,373 6,965 Foreign deposits with F.R. Banks 220 67 57 219 Other deposits with F.R. Banks 4/ 795 - 115 + 160 911 Other F.R. liabilities and capital 3,338 + 76 - 47 3,430 103,515 + 513 +9,632 104,752 Member bank reserves: With Federal Reserve Banks 26,615 - 249 -1,055 28,974 Currency and coin 7,640 - 601 + 626 7,640 Total reserves held .5/ 34,413 - 850 - 271 36,772 Required reserves 34,272 - 557 - 228 34,272 Excess reserves 5/ 141 - 293 - 43 2,500 NOTE: A net of $166 million of surplus reserves were eligible to be carried forward from the week ended November 17, into the week ending November 24. On November 24, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $47,658 million, a decrease of $664 million for the week. 1/ Net of $1,094 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Exludes $1,084 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $132 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. 5/ Adjusted to include $158 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (Treasury's figures). Digitized for FRASER 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 November 24, Nov. 17, I Nov. 26, A S S E TS 1976 1976 1975 Gold certificate account 11,598 1 Special Drawing Rights certif. acct. * 1,200 + 700 Cash (1,249) 364 3 6 Loans 82 + 23 - 102 Acceptances--Bought outright 199 + 3 - 532 Held under repurchase agreements 345 + 345 - 47 Federal Agency ob1igations--Bought outright 6,871 + 114 + 799 Held under repurchase agreements 158 + 158 - 140 U.S. Government securities: Bought outright--Bills 38,402 755 +2,731 Certificates Notes 46,897 +3,132 Bonds Total bought outright 1/2/ 91,805 - 755 +6,921 Held under repurchase agreements 3,769 +3,769 -1.018 Total U.S. Government securities 95,574 +3,014 +5.903 Total loans and securities 103,229 +3,657 +5,881 Cash items in process of collection (2,046) 9,113 -1,529 +1,639 Bank premises 364 + 3 + 48 Operating Equipment 27 + 1 + 16 Other assets 3/ 2,749 + 26 - 145 TOTAL ASSETS (3,295) 128,644 +2,155 +8,132 L I A B I L I T I ES Federal Reserve notes (1,249) 82,748 + 413 +7,374 Deposits: Member bank-reserves account 28,974 +2,116 -1,853 U.S. Treasury—general account 6,965 + 207 +2,638 Foreign 219 88 - 105 Other _4/ 911 + 63 - 67 Total deposits 37,069 +2,298 + 613 Deferred availability cash items (2,046) 5,397 - 737 + 170 Other liabilities and accrued dividends 1,080 + 63 - 126 TOTAL LIABILITIES (3,295) 126,294 +2,037 +8,031 C AA PP II TT AALL A C C O U N TS Capital paid in 974 + 1 + 54 Surplus 929 —— + 32 Other capital accounts 447 + 117 + 15 * figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,084 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. 2/ Includes $132 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. MATURITY DISTRIBUTION,' OF LOANS AND SECURITIES. NOVEMBER 9A 1976 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly [changes changes Within 15 days 75 385 7,056 +2,767 340 +158 16 days to 90 days 7 100 19,208 + 237 232 91 days to 1 year 59 25,878 + 10 1,001 1 Over 1 year to 5 years 29,862 3,275 41 Over 5 years to 10 years 8,814 1,443 37 Over 10 years D ht i t g p i : t / iz /f e ra d s f e o r r . s F tl R o A ui S sf E e R d. org/ Total 82 544 9 4 5 , , 7 5 5 7 6 4 +3,014 7,029 738 +27 3 2 7 Federal Reserve Bank of St. Louis

- » t H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 24, 1976 New Phila- Cleve- Rich- St. Minne- 1 1 Kansas 1 San Total Boston York delphia land mond Atlanta Chicago 1 Louis anolis I Citv 1 Dallas!F rancisco (In millions of dollars) A S S E TS Gold certificate account 11,598 542 3,350 641 939 992 599 1,704 466 222 397 421 1,325 Special Drawing Rights certif. acct. 1,200 60 300 71 103 109 62 190 50 24 42 46 143 F.R. notes of other banks 1,249 39 306 60 46 117 248 58 39 18 45 66 207 Other cash 364 17 28 9 49 40 41 32 27 14 43 22 42 Loans 82 19 7 4 -- 7 5 6 — 5 25 4 — Acceptances: B He o l u d gh t un d o e u r t r r i e g p h u t rchase agreements 3 1 4 9 5 9 3 1 4 9 5 9 «* mm w — — -- — — — — — Federal Agency obligations- Bought outright 6,871 318 1,616 381 567 552 368 1,100 280 157 272 326 934 Held under repurchase agreements 158 158 U.S. Government securities: Bought outright- Bills 38,402 1,774 9,033 2,131 3,166 3,083 2,057 6,149 1,566 878 1,520 1,824 5,221 Certificates Notes 46,897 2,167 11,030 2,602 3,867 3,764 2,512 7,510 1,912 1,072 1,856 2,228 6,377 Bonds 6,506 301 1,530 361 536 522 349 1.042 265 149 258 309 884 Total bought outright 1/2/ 91,805 4,242 21,593 5,094 7,569 7,369 4,918 14,701 3,743 2,099 3,634 4,361 12,482 Held under repurchase agreements 3,769 3,769 Total U.S. Government securities 95.574 4.242 25,362 5,094 7,569 7,369 4,918 14.701 3,743 2,099 3,634 4,361 12,482 Total loans and securities 103,229 4,579 27,687 5,479 8,136 7,928 5,291 15,807 4,023 2,261 3,931 4,691 13,416 Cash items in process of collection 11,159 388 1,465 249 540 1,931 1,091 1,662 396 623 860 721 1,233 Bank premises 364 105 22 56 24 45 14 16 13 31 17 12 9 Operating Equipment 27 6 3 3 2 4 1 4 4 Other assets 3/ 2,749 79 1,398 109 133 123 117 246 61 43 66 81 293 Interdistrict settlement account —0— + 351 -2.474 + 47 + 367 + 224 - 302 - 288 + 313 + 312 + 95 + 577 + 778 TOTAL 131.939 6-160 32.088 6.724 19,340 U,599 7-163 19-427 5.392 3,549 5-496 6-641 17.459 1/ Excludes $1,084 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $132 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 NOVEMBER 24, 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 F De e p d o e s r i al ts : R eserve notes 83,997 4,118 21,307 4,804 7,237 7,548 3,778 13,716 3,532 1,694 3,017 3,616 9,630 F M O U o e t . r h m S e e . b r i e T g r 2 n r / b e a a n s k u r r y e — s g e e r n v e e r s al account 2 6 8 , , 9 9 2 9 6 1 1 7 5 1 9 4 1, 5 0 0 8 3 1 9 6 7 1 7 , / 5 3 7 7 8 4 0 4 1 1, 5 00 5 1 5 1 2 1 1, 5 7 5 8 2 9 3 0 1, 5 5 3 1 1 2 9 3 1,8 7 4 1 1 3 8 8 3,6 7 2 3 5 9 6 5 4 9 7 7 5 8 2 5 7 7 3 7 7 7 1, 4 1 5 7 1 5 2 0 1, 5 7 7 6 1 9 1 3 6, 5 0 8 9 3 6 0 5 D O e th f e e r r T r o l e t i d a a l b a i v d l a e i i p t l o i a s e b i s i t l s i an t d y c a a c s c h ur e i d t ems 37 7 , , 0 4 6 4 9 3 1, 3 5 1 9 4 3 8 1 , , 8 0 9 0 7 7 1,5 1 6 8 9 9 2, 4 3 5 6 7 3 2 1 , ,6 0 6 8 7 0 2,6 5 1 3 6 3 4,4 7 2 7 6 9 1,4 28 5 6 5 1, 4 3 4 2 4 2 l 1,6 7 3 0 8 7 1 2, 4 3 8 7 1 1 1 8 6, 5 7 7 3 2 9 9 8 di T v O i T d A e L n d L s I ABILITIES 129 1 , , 5 0 8 8 9 0 6,0 4 7 7 2 31,4 2 9 8 6 5 6,61 5 7 5 10,13 8 8 1 11,37 7 0 5 6,99 6 1 4 19,0 1 7 5 2 1 5,31 3 2 9 3,48 2 4 4 5,39 3 9 7 6,51 4 3 5 17,125 CAPITAL ACCOUNTS i O C S t a u h p r e i p T r t l O a u c T l s a A p L p i a i t L d a I l A i B a n I c L c I o T u I n E t S s AND 4 9 9 4 2 7 7 9 4 i | i 35 3 1 5 8 2 2 10 3 4 5 9 8 4 4 2 3 2 2 8 3 8 1 7 4 5 5 3 2 4 3 2 7 7 5 2 5 q 1 1 6 4 4 7 6 2 3 3 1 1 2 7 2 2 1 6 8 1 4 3 1 1 9 7 5 5 2 1 6 1 1 11 3 8 3 CAPITAL ACCOUNTS 131,939 6,160 32,088 6,724 10,340 11,509 7,163 19,427 5,392 3,549 5,496 6,641 17,450 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 87,356 4,229 21,924 5,090 7,468 7,804 4,368 13,934 3,687 1,733 3,132 3,766 10,221 Gold certificate account A S c p c e e c p i t a a l n c D e r s a wing Rights certif. acct. 11,5 6 9 4 6 3 5 6 4 0 2 3,3 30 5 0 0 641 939 992 59 6 9 2 1,704 46 5 6 0 22 2 2 4 3 4 9 2 6 4 4 2 6 0 1,3 5 2 9 5 U.S. Government securities Total collateral 76,850 3,680 18,550 4,500 6,760 6,875 4,000 12,400 3,250 1,610 2,800 3,325 9,100 89,089 4,282 22,200 5,141 7,699 7,867 4,661 14,104 3,766 1,856 3,238 3,791 10,484 2/ TnclL:;fii, T Participations of other Federal Reserve Banks. - „d •»« «»>. b,„k, Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis