H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and • Condition Statement of F.R. Banks H.4.1 For immediate release December 2, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesda Reserve Bank credit, Dec. 1,* Nov . 24, 1 Dec. 3, Dec. 1, and related items 1976 1976 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 22// 33// U.S. Government securities-- Bought outright--System account 91,593 - 163 + 6,778 89,535 Held under repurchase agreements 1,632 + 343 + 672 — Federal Agency obligations-- Bought outright 6,856 - 15 + 784 6,833 Held under repurchase agreements 59 + 19 - 55 - - Acceptances- Bought outright 195 - 5 - 532 197 Held under repurchase agreements 206 + 67 + 49 —— Loans-- Total member bank borrowing 88 + 44 + 22 348 Includes seasonal borrowing of: 19 - 2 - 3 17 Other borrowing -- ——- —— Float 3,729 + 650 + 1,068 4,118 Other F.R. assets 3,390 + 313 + 111 3,520 Total Reserve Bank credit 107,747 +1 *252 + 8,897 104,551 Gold Stock 11,598 — - 1 11,598 Special Drawing Rights certif. acct. 1,200 - — + 700 1,200 Treasury currency outstanding 10,843 + i + 741 10,843 131,388 4-1, 253 +10,337 128,192 Currency in circulation ** 92,754 + 499 + 8,012 93,276 Treasury cash holdings ** 525 —» * + 65 525 Treasury deposits with F.R. Banks 6,531 + 148 + 2,407 6,189 Foreign deposits with F.R. Banks 280 + 60 - 25 312 Other deposits with F.R. Banks 4/ 1,118 + 323 + 241 1,069 Other F.R. liabilities and capital 3,471 + 133 + 174 3,492 104,678 +1 ,163 +10,873 104,863 Member bank reserves: With Federal Reserve Banks 26,709 + 90 - 536 23,329 Currency and coin 8,378 + 738 + 806 8,378 Total reserves held 5/ 35,246 + 829 + 429 31,866 Required reserves 34,735 + 463 + 231 34,735 Excess reserves 5/ 511 + 366 + 198 - 2,869 NOTE: A net of $67 million of surplus reserves were eligible to be carried forward from the week ended November 24, into the week ending December 1. On December 1, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $48,233 million an increase of $575 million for the week. 1/ Net of $1,401 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $3,102 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $128 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. J5/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (New York and Richmond Districts). ** 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 December 1, Nov. 24, Dec. 3, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 •— - 1 Special Drawing Rights certif. acct. * 1,200 — — + 700 Cash (1,317) 357 - 7 - 4 Loans 348 4- 266 + 282 Acceptances—Bought outright 197 - 2 - 532 Held under repurchase agreements -- - 345 - 209 Federal Agency obligations—Bought outright 6,833 - 38 + 761 Held under repurchase agreements -- - 158 - 152 U.S. Government securities: Bought outright--Bills 35,867 -2 ,535 +1 ,555 Certificates Notes 47,089 4- 192 +3 ,324 Bonds 6,579 + 73 +1 ,131 Total bought outright l/2_/ 89,535 -2 ,270 +6 ,010 Held under repurchase agreements — -3 ,769 - 482 Total U.S. Government securities 89,535 -6 ,039 +5 ,528 Total loans and securities 96,913 -6 ,316 +5,678 Cash items in process of collection (1,848) 8,924 - 189 + 655 Bank premises 364 -- 4- 47 Operating Equipment 28 + 1 + 16 Other assets 3/ 3,128 4- 379 + 87 TOTAL ASSETS (3,165) 122,512 "6,, 132 +7,, 178 L I A B I L I T I ES Federal Reserve notes (1,317) 83,315 4- 567 4-7>; 407 Deposits: Member bank-reserves account 23,329 "5 ,j6 45 -4., 314 U.S. Treasury—general account 6,189 - 776 +3,, 900 Foreign 312 4- 93 4- 83 Other 4/ 1,069 + 158 4- 273 Total deposits 30,899 -6, 170 - 58 Deferred availability cash items (1,848) 4,806 — i5 91 - 652 Other liabilities and accrued dividends 1,036 - 44 -- 65 TOTAL LIABILITIES (3,165) 120,056 -6, CC AA PP II TT AALL A C C O U N TS Capital paid in Surplus Other capital accounts CM m 00 4-6,6 32 974 __ 4- 53 929 - - + 32 553 4- 106 4- 461 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (New York and Richmond Districts). 1/ Excludes $3,102 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $128 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. V 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, DECEMBER 1. 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 306 106 3,578 -3,478 138 -202 16 days to 90 days 42 59 16,356 -2,852 214 - 18 91 days to 1 year 32 25,860 18 992 - 9 Over 1 year to 5 years 30,036 + 174 3,370 4- 95 Over 5 years to 10 years 8,876 + 62 1,381 - 62 Over 10 years 4,829 ± 73 738 —— Digitized for FRASER Total 348 197 89,535 -6,039 6,833 -196 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1 » STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 1, 1976 H.4.1(b) Mi nne Boston ** New d P e h l i n l h a i a Cleve- ** R m i o c n h d - Atlanta Chicago Louis aoolis Dallas (In millions of dollars) A S S E TS Gold certificate account 54 6 2 0 3,3 3 5 0 0 0 64 7 1 1 9 1 3 0 9 3 9 1 9 0 2 9 59 6 9 2 1,7 1 0 9 4 0 46 5 6 0 22 2 2 4 39 4 7 2 42 4 1 6 1,3 1 2 4 5 3 Special Drawing Rights certif. acct. F.R. notes of other banks 5 1 4 7 32 2 1 8 66 8 4 4 8 7 1 4 0 0 5 26 4 0 0 5 3 2 2 4 2 6 7 1 1 9 5 4 4 1 2 10 2 9 1 19 4 6 0 Other cash 7 313 4 —— 3 4 1 1 11 4 Loans Acceptances: 197 Bought outright Held under repurchase agreements Federal Agency obligations- 316 1,607 379 563 548 366 1,094 279 156 271 325 929 Bought outright Held under repurchase agreements U.S. Government securities: Bought outright— 1,658 8,436 1,990 2,958 2,878 1,921 5,744 1,462 820 1,420 1,704 4,876 Bills C N e o r t t es i ficates 2,176 11 1 , . 0 5 7 4 6 7 2,613 3,8 5 8 4 2 2 3,7 5 8 2 0 8 2,522 7 1 , . 5 0 4 5 0 4 1,9 2 2 6 0 8 1,077 1,864 2,236 6,403 Bonds 4,138 21,059 4,968 7,382 7,186 4,796 14,338 3,650 2,047 3,544 4,253 12,174 Total bought outright 1/2/ Tot He al ld U u . n S d . e . r Go v re e p r u n r m c e h nt a s s e e c a u g r r i e t e i m e e s n ts 4 4 . , 1 4 3 6 8 1 2 2 1 3 . , 0 1 5 7 9 6 4 5 , , 9 3 6 5 8 1 7 7 . ,9 3 4 8 5 2 7 7 . , 1 7 8 3 6 4 4 5 . , 7 16 9 5 6 1 1 4 5 , , 3 43 3 6 8 3 3 , , 6 9 5 3 0 0 2 2 , , 0 2 4 0 7 4 3 3 . ,8 5 2 4 6 4 4 4 , , 2 5 5 8 3 2 1 1 2 3 , ,1 1 0 7 3 4 Total loans and securities B C O O a a p t n s e h k h e r r a p i t r t a i e e s n m m s g s i e s t E s e q i s n u i 3 p p / r m o e c n e t ss of collection + 2 3 1 0 6 0 8 1 9 5 5 + 1 1 5 , , 3 5 5 2 2 2 2 2 2 7 6 + 5 3 1 1 1 5 3 0 1 6 0 3 + 5 2 1 8 2 2 3 5 4 9 9 3 1,5 1 4 4 2 4 7 5 6 3 1,1 8 1 5 0 1 3 8 1 4 0 3 - 2 , 8 0 5 2 7 0 6 1 3 4 6 74 8 1 7 6 9 4 3 0 63 3 4 2 1 9 1 9 1 - , 5 5 6 2 1 7 6 4 7 2 + 2 9 1 6 7 1 0 3 0 4 2 4 + 5 4 6 3 1 2 2 4 9 5 Interdistrict settlement account TOTAL 125.677 5.894 30.784 6.525 10.062 10.741 6.630 18.840 5.263 3.188 5.479 6.532 15,739 Less than $500,000. 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 DECEMBER 1, 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) LL II AA BB II LL II TT II EESS Federal Reserve notes 84,632 4,158 21,628 4,819 7,304 7,565 3,791 13,758 3,554 1,704 3,001 3,627 9,723 Deposits: Member bank reserves 23,329 861 5,291 860 1,453 1,372 1,588 3,285 819 649 1,112 1,714 4,325 U.S. Treasury--general account 6,189 372 1,248 465 574 528 431 437 422 298 404 468 542 Foreign 312 9 1/ 137 11 20 13 18 36 8 7 10 13 30 Other 2/ 1.069 1 957 17 1 11 38 11 2 1 2 17 11 Total deposits 30,899 1,243 7,633 1,353 2,048 1,924 2,075 3,769 1,251 955 1,528 2,212 4,908 Deferred availability cash items 6,654 354 670 185 421 1,029 532 794 337 439 812 516 565 Other liabilities and accured dividends * 1,036 47 235 55 76 77 55 146 37 23 37 43 205 TOTAL LIABILITIES 123,221 5,802 30,166 6,412 9,849 10,595 6,453 18,467 5,179 3,121 5,378 6,398 15,401 CAPITAL ACCOUNTS | Capital paid in 974 35 248 43 84 54 75 146 31 28 4411 56 133 Surplus 929 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 553 22 131 28 48 40 30 85 21 13 21 27 87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 125,677 5,894 30,784 6,525 10,062 10,741 6,630 18,840 5,263 3,188 5,479 6,532 15,739 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 87,682 4,267 21,998 5,083 7,541 7,809 4,350 13,964 3,695 1,752 3,134 3,751 10,338 Gold certificate account 11,596 542 3,350 641 939 992 599 1,704 466 222 396 420 1,325 Special Drawing Rights certif. acct. 643 60 300 — — — 62 50 24 42 46 59 Acceptances -- — — — — — — — — — U.S. Government securities 76,900 3,680 18,550 4,500 6,760 6,925 4,000 12,400 3,250 1,610 2,800 3,325 9,100 Total collateral 89,139 4,282 22,200 5,141 7,699 7,917 4,661 14,104 3,766 1,856 3,238 3,791 10,484 * Estimated (New York and Richmond Districts). 1/ After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis