H.4.1 Factors Affecting Reserve Balances of Depository Institutions

- gfGOw' FEDERAL RESERVE Factors Affecting Bank Reserves and * * * f^ ARLt^ • Condition Statement of F.R. Banks H.4.1 For immediate release December 16, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 15, Dec. o, | Dec.-i/, Dec. 15, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1//' (In millions of dollars) U.S. Government securities-- Bought outright--System account 90,761 +1,218 +6,208 91,379 Held under repurchase agreements 783 + 783 + 783 2,934 Federal Agency obligations-- Bought outright 6,800 33 + 728 6,794 Held under repurchase agreements 25 + 25 + 25 100 • Acceptances-- Bought outright 190 5 - 543 195 Held under repurchase agreements 68 + 68 + 68 349 Loans-- Total member bank borrowing 69 + 44 + 25 329 Includes seasonal borrowing of: 15 + 1 + 2 11 Other borrowing Float 2,847 - 727 + 221 4,062 Other F.R. assets 3,203 - - 197 - 354 3,160 Total Reserve Bank credit 104,746 +i,i7s +7,161 109,302 Gold Stock 11,598 -- 1 11,598 Special Drawing Rights certif. acct. 1,200 —— + 700 1,200 Treasury currency outstanding 10,862 + 14 + 775 10,864 128,406 +1,189 +8,635 132,964 Currency in circulation * 93,650 + 629 +7,965 94,064 Treasury cash holdings * 475 — — + 26 475 Treasury deposits with F.R. Banks 3,442 - 266 +1,499 3,328 Foreign deposits with F.R. Banks 271 + 13 + 27 335 Other deposits with F.R. Banks 3/ 1,046 + 64 + 67 885 Other F.R. liabilities and capital 3,134 + 65 24 3,219 102,019 + 507 +9,560 102,306 Member bank reserves: With Federal Reserve Banks 26,386 + 682 - 926 30,657 Currency and coin 8,923 + 433 +1,096 8,923 Total reserves held 4/ 35,468 +1,115 + 329 39,739 Required reserves ~~ 34,981 + 802 + 75 34,981 Excess reserves 4/ 487 313 254 4,758 NOTE: A net of $29 million of surplus reserves were eligible to be carried forward from the week ended December 8, into the week ending December 15. On December 15, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $50,004 million, an increase of $274 million for the week. \J Net of $560 million, daily average, matched sale-purchase transactions outstanding during the statement week. Includes $ 137 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 voluntarily 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 (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 15, Dec. 8, Dec. 17, a s s e_T S 1976 1976 Gold certificate account 11,598 — — 1 Special Drawing Rights certif. acct. * 1,200 — — + 700 Cash (1,323) 358 + 2 6 Loans 329 + 305 + 263 Acceptances--Bought outright 195 + 6 - 531 Held under repurchase agreements 349 + 349 + 349 Federal Agency obligations—Bought outi iigghhtt 6,794 - 39 + 722 Held under repurchase agreements 100 + 100 + 100 U.S. Government securities: Bought outright--Bills 37,711 - 233 + 3,111 Certificates Notes 47,089 + 3,324 Bonds 6.579 — — + 1.131 Total bought outright y 91,379 233 + 7,566 Held under repurchase agreements 2.934 +2 ,934 + 2,934 Total U.S. Government securities 94.313 +2 ,701 +10,500 Total loans and securities .102,080 +3 ,422 +11,403 Cash items in process of collection (2,128) 10,358 +1 ,705 + 728 Bank premises 366 ' T ™ + 48 Operating Equipment 27 + 15 Other assets 2/ 2.767 - 189 - 534 TOTAL ASSETS (3,451) 128.754 +4 ,940 +12.353 L I A B I L I T I ES Federal Reserve notes (1,323) 84,034 + 421 + 7,286 Deposits: Member bank-reserves account 30,657 +2,, 870 + 5,343 U.S. Treasury--general account 3,328 + 317 - 679 Foreign 335 + 43 + - 109 Other 3/ 885 85 12 Total deposits 35,205 +3, 145 + 4,761 Deferred availability cash items (2,128) 6,296 +1, 189 + 301 Other liabilities and accrued dividends 1.023 + 72 61 TOTAL LIABILITIES (3,451) 126,558 +4, 827 +12,287 C A P I T AL A C C O U N TS Capital paid in 975 + 1 + 47 Surplus 929 —— + 32 Other capital accounts 292 + 112 13 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $137 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, DF.r.F.MRF.R 15. 1975 (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 320 368 7,161 +2,201 100 - 38 16 days to 90 days 9 105 17,925 - 228 337 +123 91 days to 1 year 71 25,486 + 728 968 - 24 Over 1 year to 5 years 30,036 3,364 - 6 Over 5 years to 10 years 8,876 1,388 + 7 Over 10 years 4.829 -- 737 - 1 Digitized for FRASER Total 329 544 94,313 +2,701 6,894 + 61 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 15, 1976 H.4.1(b) St. Minne- Kansas I i San Phila Louis apolis City I Dallas(Francisco Total Boston delphi (In millions of dollars) A S S E TS Gold certificate account 11 1 , , 5 2 9 0 8 0 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 1,3 3 2 5 3 8 4 1 6 7 3 2 3 8 2 64 9 4 4 4 6 1 4 0 1 8 22 4 8 0 2 3 7 3 3 2 6 7 1 1 7 4 4 7 3 8 14 2 8 2 1 3 9 8 5 Other cash 329 2 115 1 — -- 2 133 * 2 21 2 51 Loans Acc B e o p u t gh a t n c o e u s t : r ight 3 1 4 9 9 5 — 3 1 4 9 9 5 —— -- — — — — -- — Held under repurchase agreements Federal Agency obligations-- 6,794 314 1,598 377 560 545 364 1,088 277 155 269 323 924 H B e o l u d g h u t n d o e u r tr i r g e h p t u rchase agreements 100 — 100 U.S. Government securities: Bought outright— 37,711 l,, 743 8,870 2,092 3 ,no 3,026 2,020 6,039 1,538 862 1,493 1,791 5,127 Bills C N e o r t t e i s ficates 47,089 , 3 1 0 7 4 6 11 1 , , 0 5 7 4 6 7 2,6 3 1 6 3 5 3 , 5 8 4 8 2 2 3,7 52 8 8 0 2,5 3 2 5 2 3 7 1 , , 5 0 4 5 0 4 1, 2 9 6 2 8 0 1 , 1 0 5 7 0 7 1, 2 86 6 4 0 2,2 3 3 1 6 3 6,4 8 0 9 3 5 Bonds Total bought outright 1/ 91,379 4,, 223 21,493 5,070 7 ,534 7,334 4,895 14,633 3,726 2 ,089 3,617 4,340 12,425 Tot He a l l d U u . n S d . e r Go v r e e r p n u m r e c n h t a s s e e c a u g r r i e t e i m e e s n ts 1 9 0 2 4 2 , . , 3 9 0 1 3 8 3 4 0 4 4 . , 2 5 2 3 3 9 2 2 4 2 6 , , , 4 9 7 2 3 8 7 4 4 5 5 , , 0 44 7 8 0 8 7 > ,0 5 9 3 4 4 7 7 , ,8 3 7 3 9 4 4 5 , , 8 2 9 6 5 1 15,854 4 3 , , 0 72 0 6 3 2 2 , , 0 2 8 4 9 6 3 3 , , 6 9 1 0 7 7 4 4 , , 3 66 4 5 0 1 1 2 3 , , 4 4 2 0 5 0 Total loans and securities B C O O — a a p t I» n s h e . k h e r J r a > p i t — t r I a i - e e s n N < m m s g -1 s e i A t s E I s e q i I s n u N i 2 t p " p / r m o e c n e t s s of collection 12 2 , , 4 7 3 - 8 6 6 2 0 6 6 7 7 - 4 1 5 0 7 3 2 6 3 0 + 2 1 1 , , 3 0 3 7 1 8 2 0 5 2 6 + 3 1 1 8 5 3 2 6 8 9 3 + 7 5 1 4 2 2 7 9 4 2 0 3 - 2 , 5 2 1 1 1 7 4 5 7 6 4 - 1 1 , . 4 1 1 1 2 1 0 6 8 3 4 8 + 1 2 , 4 1 2 8 6 3 1 5 7 6 + 1 4 0 0 6 1 9 5 0 4 3 7 1 0 3 4 7 1 1 1 6 1 1 - , 1 4 4 6 1 6 3 * 8 7 4 + 6 2 2 6 1 7 0 7 2 4 3 + 1 5 , 7 8 3 7 2 0 3 4 9 0 6.278 17.814 * Less unan ?juu,uuu. 1/ Includes $137 million securities loaned—fully secured by U.S. Government 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 15, 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 85,357 4,195 21,631 4,856 7,452 7,631 3,848 13,951 3,600 1,726 3,023 3,640 9,804 Deposits: Member bank reserves 30,657 916 8,769 1,076 2,110 1,252 1,591 3,869 861 617 1,171 1,707 6,718 U.S. Treasury—general account 3,328 181 932 272 330 193 349 211 256 205 44 218 137 Foreign 335 9 1/ 160 11 20 13 18 36 8 7 10 13 30 Other 2/ 885 1 774 2 1 10 45 10 1 1 2 16 22 Total deposits 35,205 1,107 10,635 1,361 2,461 1,468 2,003 4,126 1,126 830 1,227 1,954 6,907 Deferred availability cash items 8,424 376 1,253 227 516 1,730 569 917 336 479 846 518 657 Other liabilities and accured dividends 1.023 47 280 54 76 72 61 149 37 24 37 44 142 TOTAL LIABILITIES 130,009 5,725 33,799 6,498 10,505 10,901 6,481 19,143 5,099 3,059 5,133 6,156 17,510 CAPITAL ACCOUNTS Capital paid in 975 ! 35 248 43 84 54 75 146 31 28 41 56 134 Surplus 929 i 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 292 10 68 14 24 22 15 43 11 8 10 15 52 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 132,205 5,805 34,354 6,597 10,694 11,029 6,643 19,474 5,173 3,121 5,223 6,278 17,814 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 88,486 4,329 22,218 5,059 7,632 7,857 4,367 14,192 3,775 1,771 3,158 3,780 10,348 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 -- -- — - - U.S. Government securities 77,490 3,780 18,750 4,500 6,760 6,925 4,000 12,600 3,300 1,610 2,800 3,365 9,100 Total collateral 89,729 4,382 22,400 5,141 7,699 7,917 4,661 14,304 3,816 1,856 3,238 3,831 10,484 j_/ After deducting $175 million participations of other Federal Reserve Banks, ll Includes $20 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