H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Dim Factors Affecting Bank Reserves and • f*AL RtS . • Condition Statement of F.R. Banks H.4.1 For immediate release December 9, 1976 Member bank reserves, Week ended Change frd fe JPtek endedW ednesday Reserve Bank credit, Dec. 8, * Dec. 1, I 1 D19e7c.5 10, Dec. 8, and related items 1/ 1976 1976 21/9 76 Reserve Bank credit: (In millions of dollars) U.S. Government securities— Bought outright—System account 89,543 -2,050 +6,606 9911,,661122 Held under repurchase agreements -1,632 - 472 -- Federal Agency obligations— Bought outright 6,833 23 + 761 66,,883333 Held under repurchase agreements — - 59 - 50 -- Acceptance s— Bought outright 195 — - 534 118899 Held under repurchase agreements — - 206 49 Loans-- Total member bank borrowing 25 - 63 3 2244 Includes seasonal borrowing of: 14 5 — 13 Other borrowing — -- -- — Float 3,585 13 +1,238 3,546 Other F.R. assets 3,404 3 - 82 3,349 Total Reserve Bank credit 103,586 -4,047 +7,416 105,553 Gold Stock 11,598 -- 1 11,598 Special Drawing Rights certif. acct. 1,200 —— + 700 1,200 Treasury currency outstanding 10,848 + 5 + 767 10,848 127,232 -4,042 +8,882 129,199 Currency in circulation ** 93,021 + 302 +7,799 93,630 Treasury cash holdings ** 475 - 50 + 13 475 Treasury deposits with F.R. Banks 3,708 -2,823 +1,843 3,011 Foreign deposits with F.R. Banks 258 - 22 + 15 292 Other deposits with F.R. Banks 3/ 982 - 151 + 61 970 Other F.R. liabilities and capital 3,071 - 399 + 27 3,034 101,514 -3,144 +9,758 101,412 Member bank reserves: With Federal Reserve Banks 25,718 - 898 - 876 27,787 Currency and coin 8,490 + 112 + 665 9,490 Total reserves held 4/ 34,367 - 786 52 36,436 Required reserves 34,179 - 556 97 34,179 Excess reserves 4/ 188 - 230 + 45 2,257 NOTE: A net of $125 million of surplus reserves were eligible to be carried forward from the week ended December 1, into the week ending December 8. On December 8, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,730 million, an increase of $1,497 million for the week. 1/ Net of $2,285 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $20 million of certain deposits of foreign-owned banking institutions volunatrily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco District). ** 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) Change since December 8, Dec. 1, Dec. 10, A S S E TS 1976 ** 1976 1975 Gold certificate account 11,598 WW 1 Special Drawing Rights certif. acct» * 1,200 «" — + 700 Cash (1,314) 356 1 7 Loans 24 - 324 7 Acceptances--Bought outright 189 8 - 535 Held under repurchase agreements <— * mm mm Federal Agency obligations--Bought outright 6,833 — — + 761 Held under repurchase agreements — — —— U.S. Government securities: Bought outright--Bills 37,944 +2,077 +4,471 Certificates — — <• mm mm Notes 47,089 — — +3,324 Bonds 6,579 +1,131 -v Total bought outright 91,612 +2,077 +8,926 Held under repurchase agreements —— • «• . mmmm Total U.S. Government securities 91,612 +2,077 +8,926 Total loans and securities 98,658 +1,745 +9,145 Cash items in process of collection (1,779) 8,653 - 691 + 408 Bank premises 366 + 2 + 47 Operating Equipment 27 1 + 15 Other assets 2/ 2,956 - 290 -1,015 TOTAL ASSETS (3,093) 123,814 + 764 +9,292 L I A B I L I T I ES Federal Reserve notes (1,314) 83,613 + 545 +7, 104 Deposits: Member bank-reserves account 27,787 +4 ,642 + 955 U.S. Treasury—general account 3,011 -3 ,178 +1, 979 Foreign 292 - 20 + 54 Other 3/ 970 - 206 - 876 Total deposits 32,060 +1 ,238 +2, 112 Deferred availability cash items (1,779) 5,107 - 565 + 135 Other liabilities and accrued dividends 951 - 75 124 TOTAL LIABILITIES (3,093) 121,731 +1 ,143 +9, 227 C A P I T AL A C C O U N TS Capital paid in 974 + 52 Surplus 929 + 32 Other capital accounts 180 - 379 19 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (San Francisco District). 1/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $20 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 8. 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 12 19 4,960 +1,382 Dir 16 days to 90 days 12 101 18,153 +1,797 214 91 days to 1 year 69 24,758 -1,102 992 Over 1 year to 5 years 30,036 — 3,370 Over 5 years to 10 years 8,876 — 1,381 Over 10 years 4,829 — 738 Digitized for FRASER Total 24 189 91,612 +2,077 6,833 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 8, 1976 New Phila- Cleve- Rich- St. Minne- Kansas San ** Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (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 1,314 54 336 63 41 107 232 36 33 19 42 116 235 Other cash 356 17 28 9 45 41 40 32 26 14 42 22 40 Loans 24 * 1 2 —— — — 2 4 — **• 2 10 3 —— Acceptances: Bought outright 189 -- 189 -- — -- -- -- -- -- -- Held under repurchase agreements — -— -- -- -- — -- -- Federal Agency obligations-- Bought outright 6,833 316 1,607 379 563 548 366 1,094 279 156 271 325 929 Held under repurchase agreements -- — -- — — — -- — -- -- U.S. Government securities: Bought outright-- Bills 37,944 1,754 8,925 2,105 3,129 3,045 2,032 6,076 1,547 868 1,502 1,802 5,159 Certificates — — — —— — -- - - • "- -- -- — — — Notes 47,089 2,176 11,076 2,613 3,882 3,780 2,522 7,540 1,920 1,077 1,864 2,236 6,403 Bonds 6,579 304 1,547 365 542 528 353 L054 268 150 260 313 895 Total bought outright 1/2/ 91,612 4,234 21,548 5,083 7,553 7,353 4,907 14,670 3,735 2,095 3,626 4, 351 12,457 Held under repurchase agreements «• — —— —- —- — — — - — — — — — —— —— —— Total U.S. Government securities 91,612 4,234 21,548 5,083 7,553 7,353 4,907 14,670 3,735 2^095 3,626 4,351 12,457 Total loans and securities 98,658 4,550 23,345 5,464 8,116 7,901 5,275 15,768 4,014 2,253 3,907 4,679 13,386 Cash items in process of collection 10,432 374 1,336 338 549 1,887 1,027 1,700 430 463 843 637 848 Bank premises 366 106 22 56 24 46 14 16 13 31 17 12 9 Operating Equipment 27 * 6 3 3 -- 3 — 4 1 * 3 4 Other assets 2/ 2,956 88 1,433 138 142 140 128 279 74 45 79 85 325 Interdistrict settlement account -0- - 68 +2,254 - 451 + 654 - 320 - 851 -1,191 - 61 - 77 - 285 + 238 + 158 TOTAL 126.907 5.723 32.410 10.616 10.903 6.529 A3,534 , 5.049 2^995 , 5,084 6.259 16,473 * Less than $500,000. ** Estimated (San Francisco District). 1/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 8, 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 84,927 4,169 21,498 4,830 7,379 7,618 3,845 13,844 3,581 1,718 3,013 3,637 9,795 Deposits: Member bank reserves 27,787 978 7,827 931 2,307 1,198 1,692 3,170 862 617 1,037 1,844 5,324 U.S. Treasury—general account 3,011 130 381 215 245 396 178 309 198 177 207 162 413 Foreign 292 9 1/ 117 11 21 13 18 36 8 7 9 13 30 Other 2/ 970 1 869 2 — 13 44 5 2 1 3 10 20 Total deposits 32,060 1,118 9 194 1,159 2,573 1,620 1,932 3,520 1,070 802 1,256 2,029 5,787 Deferred availability cash items 6,886 313 964 199 411 1,476 536 714 292 393 695 435 458 Other liabilities and accured dividends 951 46 227 51 74 70 59 143 36 23 35 42 145 TOTAL LIABILITIES 124,824 5,646 31,883 6,239 10,437 10,784 6,372 18,221 4,979 2,936 4,999 6,143 16,185 CAPITAL ACCOUNTS !I Capital paid in 974 35 248 43 84 54 75 146 31 28 40 56 134 Surplus 929 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 180 7 40 8 14 13 10 25 7 5 6 9 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 126,907 5,723 32,410 6,332 10,616 10,903 6,529 18,534 5,049 2,995 5,084 6,259 16,473 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 87,997 4,309 22,078 5,067 7,591 7,830 4,332 13,983 3,726 1,761 3,161 3,785 10,374 Collateral for F.R. notes: 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 1 -- -- -- -- -- — — U.S. Government securities J 77,240 3,780 18,550 4,500 6,760 6,925 4,000 12,600 3,250 1,610 2,800 3,365 9,100 Total collateral j 89,479 4,382 22,200 5,141 7,699 7,917 4,661 14,304 3,766 1,856 3,238 3,831 10,484 ** Estimated (San Francisco District). 1/ After deducting $ 175 million participations of other Federal Reserve Banks. 2! Includes $20 million of certain deposits of foreign-owned banking insitutions 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