H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE k : — Factors Affecting Bank Reserves and Condition Statement of F.R. Banks . . For immediate release 4.1 December 23, 1976 Averages of daily figures Week ended Change from week ended Wednesday Member bank reserves, Dec. 22, Dec. 15, Dec. 24, Dec. 22, Reserve Bank credit, 1976 Res a e nd r v r e e l B a a t n e k d c r i e t d e i m t s : 1/" (In millions *o f dollars) 2/ 3/ U.S. Government securities— 91,811 +1,050 +5, 303 91,687 Bought outright--System account 2,684 +1,901 +1> 238 6,475 Held under repurchase agreements Federal Agency obligations-- 6,794 6 + 722 6,794 Bought outright Held under repurchase agreements 89 + 64 - 19 218 Acceptances-- 196 + 6 540 195 Bought outright 244 + 176 + 113 513 Held under repurchase agreements Loans-- 37 32 182 75 Total member bank borrowing Includes seasonal borrowing of: 11 4 - 1 11 Other borrowing • * - - — 3,609 + 736 + 465 4,721 Float 3,158 - 45 - 198 3,118 Other F.R. assets Total Reserve Bank credit 108,623 +3,851 +6 ,903 113,796 11,598 — «• - 1 11,598 Gold Stock Special Drawing Rights certif. acct. 1,200 — — + 700 1,200 Treasury currency outstanding 10,874 + 12 + 775 10,879 132,295 +3,863 +8 ,377 137,473 * 93,953 + 303 +7 ,833 94,519 Currency in circulation Treasury cash holdings * 475 —»* + 30 475 Treasury deposits with F.R. Banks 6,478 +3,036 + 945 8,632 305 + 34 + 51 287 Foreign deposits with F.R. Banks 916 - 130 + 50 840 Other deposits with F.R. Banks 4/ Other F.R. liabilities and capital 3,263 + 129 - 92 3,367 105,390 +3,371 +8 ,817 108,120 Member bank reserves: With Federal Reserve Banks 26,904 + 492 441 29,352 8,151 - 772 + 660 8,151 Currency and coin 35,213 - 281 + 377 37,661 Total reserves held 5/ Required reserves 35,086 + 105 + 461 35,086 Excess reserves 5/ 127 - 386 - 84 2,575 NOTE: A net of $170 million of surplus reserves were eligible to be carried forward from the week ended December 15, into the week ending December 22. On December 22, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $50,319 million, an increase of $315 million for the week. 1/ Net of $816 million, daily average, matched sale-purchase transactions ~~ outstanding during the statement week. 2/ Excludes $940 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $127 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $20 million of certain deposits of foreign-owned banking insti- ~~ tut ions 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 December 22, Dec. 15, Dec. 24, A S S E TS 1976 1976 1975 Gold certificate account 11,598 * •» 1 Special Drawing Rights certif. acct. * 1,200 mtmm + 700 Cash (1,429) 361 + 3 2 Loans 75 - 254 - 1,188 Acceptances--Bought outright 195 ** - 550 Held under repurchase agreements 513 + 164 + 288 Federal Agency ob1igations--Bought outright 6,794 «•» «• 4- 722 Held under repurchase agreements 218 + 118 + 83 U.S. Government securities: Bought outright—Bills 37,527 - 184 + 332 Certificates Notes 47,476 + 381 + 3,481 Bonds 6,690 + 111 Total bought outright 1/2/ 91,687 + 308 + 4 ,982 Held under repurchase agreements 6,475 +3 ,541 + 4 ,928 Total U.S. Government securities 98,162 +3 ,849 + 9 ,910 Total loans and securities 105,957 +3 ,877 + 9 ,265 Cash items in process of collection (2,161) 11,260 + 902 + 829 Bank premises 367 + 1 + 48 Operating Equipment 26 - 1 + 14 Other assets 3/ TOTAL ASSETS (3,590) 133 2, , 7 4 2 9 5 4 - ,7 4 4 2 0 + - 10,• 3 1 5 0 4 3 L I A B I L I T I ES Federal Reserve notes (1,429) 84,477 + 443 + 7, 171 Deposits: Member bank-reserves account 29,352 -1,, 305 + 422 U.S. Treasury—general account 8,632 +5,, 304 + 2, 141 Foreign 287 - 48 + 34 Other 4/ Total deposits 39,1 8 1 4 1 0 + - 3, 90 4 6 5 + - 2,51 8 2 5 Deferred availability cash items (2,161) 6,539 + 243 + 964 Other liabilities and accrued dividends 1,056 + 33 172 TOTAL LIABILITIES (3,590) 131,183 +4, 625 +10,475 C A P IHTAALL A C C O U N TS Capital paid in 980 + 5 + 51 Surplus 929 «• •» + 32 Other capital accounts 402 + 110 15 1/ under matched sale-purchase transactions. ' - by d sf Includes assets denominated in foreign currencies ~ I S Z E P ": S E T- U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings I Weekly Holdings Weekly W 9 1 1 i 6 t d d h a a i y y n s s 1 t t 5 o o d 1 9 a 0 y s y d e a ar y s 6 9 6 5 1 3 0 2 8 1 9 7 , , 9 9 1 3 9 4 + + 2 9 , 758 c + - h 1 a 4 5 n 1 9 g es 68 26,120 + 634 Over 1 year to 5 years 30,278 + 242 Over 5 years to 10 years 8,997 + 121 Over 10 years Total 4,914 + 85 Digitized for FRASER 75 708 98,162 +3,849 +118 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 22, 1976 H.4.1(b) Total Boston Y N o e r w k d P e h l i p l h a i - a Cl l e a v nd e - | I m o R n i d ch- | Atlanta L S o t. u is M a i o n o n l e i - s K C a i n t s as Dallas 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 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 F.R. notes of other banks 1,4 3 2 6 9 1 5 1 4 7 34 2 7 8 70 9 5 4 6 6 1 4 2 1 1 24 4 1 0 3 3 5 5 4 2 0 7 2 1 1 4 4 7 3 6 1 2 6 2 5 20 3 3 9 Other cash 75 50 2 2 — -- 2 4 * 2 11 2 — Loans Acceptances: B H o el u d g h u t n d o e u r tr i r g e h p t u rchase agreements 5 1 1 9 3 5 — 5 1 1 9 3 5 • mm -- -- -- -- -- — — — Federal Agency obligations- 6,794 314 1,598 377 560 545 364 1,088 277 155 269 323 924 Bought outright Held under repurchase agreements 218 218 U.S. Government securities: Bought outright— 37,527 1,734 8,827 2,082 3,094 3,012 2,010 6,010 1,530 858 1,485 1,782 5,103 Bills C N e o r t t e i s f icates 47 6 , . 4 6 7 9 0 0 2,1 3 9 0 4 9 11 1 , . 1 5 6 73 5 2,6 3 3 71 4 3, 5 9 5 1 2 4 3,8 5 1 3 0 7 2,5 3 4 5 3 8 7 1 , . 6 0 0 7 2 1 1,9 2 3 7 5 3 1,0 1 8 5 5 3 1,8 2 7 6 9 5 2 31 , 8 2 55 6,4 9 5 1 4 0 Bonds Total bought outright 1/2/ 91,687 4,237 21,565 5,087 7,560 7,359 4,911 14,683 3,738 2,096 3,629 4,355 12,467 T T o o H t t e a a l l l d U l u . o n a S d n . e s r G a o n v r d e e r p n u s m r e e c c n h u t r a i s s e t e i c e a u s g r r i e t e i m e e s n ts 1 9 0 6 8 5 . . , 4 1 9 7 6 5 5 2 7 4 4 , , 6 2 0 3 1 7 3 2 0 8 6 , . . 5 0 4 6 4 7 6 0 5 5 5 . ,4 0 6 8 6 7 8 7 , . 1 5 2 60 0 7 7 . , 3 9 5 0 9 4 4 5 . , 9 2 1 7 1 7 1 1 4 5 . , 6 7 8 7 3 5 4 3 , . 0 7 1 3 5 8 2 2 . , 0 2 9 5 6 3 3 3 . , 6 9 2 0 9 9 4 4 . , 3 6 5 8 5 0 1 13 2 , . 3 4 9 6 1 7 Cash items in process of collection 13,421 2,070 1,99 4 8 7 1,249 2,197 1,03 1 8 7 1,518 Bank premises Operating Equipment Other assets 3/ 2,725 + 317 -5 1 . , 2 3 2 8 1 9 +1,192 - 280 + 513 + 345 + 304 + 924 +1,467 Interdistrict settlement account TOTAL 137,084 6,262 32,857 6,766 11,268 11,646 7,308 20.367 5,707 3.529 5.889 7.091 18.394 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 22, 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 85,906 4,221 21,680 4,853 7,421 7,673 3,982 14,090 3,609 1,744 3,040 3,714 9,879 Deposits: Member bank reserves 29,352 1,019 7,180 915 2,336 1,312 1,745 3,784 1,016 829 1,179 2,080 5,957 U.S. Treasury--general account 8,632 481 1,078 590 685 738 659 1,047 591 374 651 561 1,177 Foreign 1 287 9 1/ 112 11 20 13 18 36 8 7 10 13 30 Other 2/ 840 1 745 4 1 11 43 6 2 1 2 12 12 Total deposits 39,111 1,510 9,115 1,520 3,042 2,074 2,465 4,873 1,617 1,211 1,842 2,666 7,176 Deferred avrliability cash items 8,700 400 1,178 234 530 1,690 637 907 365 485 878 541 855 Other liabilities and accured dividends 1,056 46 301 54 76 72 56 146 37 25 35 43 165 TOTAL LIABILITIES 134,773 6,177 32,274 6,661 11,069 11,509 7,140 20,016 5,628 3,465 5,795 6 J 964 18,075 CAPITAL ACCOUNTS II Capital paid in 980 35 248 43 85 54 75 148 32 29 41 56 134 Surplus 929 35 239 42 81 52 72 142 32 26 39 51 118 Other capital accounts 402 15 96 20 33 31 21 61 15 9 14 20 67 TOTAL L:ABILITIES AND CAPITAL ACCOUNTS 137,084 6,262 32,857 6,766 11,268 11,646 7,308 20,367 5,707 3,529 5,889 7,091 18,394 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 89,, 035 4.,, 337755 22,247 5,, 033 7 ,635 7 ,j9 04 4,, 446 14., 254 3., 778 1:, 817 3:, 189 33,,885544 1100,,556633 Collateral for F.R. notes: Gold certificate account 11:, 596 542 3,350 641 939 992 599 ,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 ,850 3., 780 18,750 4,, 500 6 ,810 7;, 025 4 ,000 12 ,600 3;, 350 1., 610 2;, 800 3,425 9,200 Total collateral 90 ,089 4;, 382 22,400 5:, 141 7 ,749 8:, 017 4;, 661 14:, 304 3j, 866 1:, 856 3,, 238 3,891 10,584 JL/ After deducting $175 million participations of other Federal Reserve Banks. 2/ 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