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 January 29, 1976 Member bank reserves, Week ended Chan ge from week ended Wednesday Reserve Bank credit, Jan. 28, Jan. TT 1 Jan . 29, Jan. 28, and related items 1976 1976 1 1975 1976 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--System account 85,168 + 238 + 4,408 85,521 Held under repurchase agreements 2,347 +1 ,727 + 1,545 6,118 Federal Agency obligations-- Bought outright 6,312 + 172 + 1,624 6,312 Held under repurchase agreements 213 + 198 + 122 393 Acceptances-- Bought outright 750 + 14 + 88 741 Held under repurchase agreements 216 + 202 + 86 415 Loans-- Total member bank borrowing 58 94 - 84 138 » Includes seasonal borrowing of: 8 - 1 - 2 9 Other borrowing Float 2,400 • 11 + 422 2,539 Other F.R. assets 3.622 + 249 + 132 3.668 Total Reserve Bank credit 101,087 +2 ,696 + 8,345 105,845 Gold Stock 11,599 —— - 36 11,599 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 10.246 + 89 + 1.000 10.250 123,432 +2 ,785 + 9,409 128,194 Currency in circulation * 83,652 - 705 + 6,986 83,673 Treasury cash holdings * 450 —— + 198 450 Treasury deposits with F.R. Banks 8,385 44 ,345 + 5,380 10,360 Foreign deposits with F.R. Banks 230 - 74 - 42 209 Other deposits with F.R. Banks 4/ 772 - 150 - 26 627 Other F.R. liabilities and capital 3.359 + 140 - 36 3.427 96,848 +3 ,555 +12,459 98,746 Member bank reserves: With Federal Reserve Banks 26,584 - 770 • 3,051 29,448 Currency and coin 8.349 - 386 + 744 8.349 Total reserves held 5/ 35,064 -1 ,156 - 2,176 37,928 Required reserves 34,902 -1 ,084 2,164 34,902 Excess reserves 5/ NOTE: A net of $42 million of surplus reserves were eligible to be carried forward from the week ended January 21, into the week ending January 28. On January 28, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and internationl accounts were $44,145 million, an increase of $86 million for the week. .1/ Net of $630 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $442 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $83 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. 5,/ Adjusted to include $131 million waivers of penalties for reserve deficiencies in accordance with Regulation D change 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 January 28, January January 29, A S S E TS 1976 21, 1976 1975 Gold certificate account 11,599 tm mm - 36 Special Drawing Rights certif. acct. * 500 4- 100 Cash (2,578) 394 4- 15 4- 85 Loans 138 - 703 - 21 Acceptances--Bought outright 741 4- 5 4- 83 Held under repurchase agreements 415 + 415 4- 194 Federal Agency obligations--Bought outright 6,312 —— 4-1,624 Held under repurchase agreements 393 4- 393 4-f 242 U.S. Government securities: Bought outright--Bills 35,690 - 235 - 1,049 Certificates — — «• * mm Notes 44,236 —— 4-3,833 Bonds 5,595 -- 4-2,284 Total bought outright 11//22// 85,521 235 4-5,068 Held under repurchase agreements 6,118 4-6, 118 4-5,105 Total U.S. Government securities 91,639 +5 ,883 4-10,173 Total loans and securities 99,638 +5,993 4-12,295 Cash items in process of collection (1,744) 7,488 -1 ,038 4- 84 Bank premises 325 + 1 4- 58 Operating Equipment 13 - 1 4- 13 Other assets 3_/ 3,330 + 273 - 1 TOTAL ASSETS (4,322) 123,287 4-5, 243 4-12,598 L I A B I L I T I ES Federal Reserve notes (2,578) 74,267 - 517 4- 6,323 Deposits: Member bank-reserves account 29,448 4- 954 601 U.S. Treasury—general account 10,360 4-5,678 4- 6,918 Foreign 209 39 125 Other 4/ 627 - 316 - 81 Total deposits 40,644 4-6,277 4- 6,111 Deferred availability cash items (1,744) 4,949 - 690 4- 183 Other liabilities and accrued dividends 1,121 4- 62 70 TOTAL LIABILITIES (4,322) 120,981 4-5,132 4-12,547 C A P I T AL A C C O U N TS Capital paid in 934 4- 2 4- 33 Surplus 928 —<~ 4- 31 Other capital accounts 444 4- 109 13 Contingent liability oil acceptances purchased for foreign correspondents — — - 395 * Figures in parentheses are the eliminations made in the consolidating process. 1J Excludes $422 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $83 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $13 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JANUARY 28. 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 133 493 8,761 4-4,920 412 4-393 16 days to 90 days 5 463 20,655 4- 996 183 91 days to 1 year -- 200 21,159 33 870 Over 1 year to 5 years -- — — 30,383 ## ~ 3,302 Over 5 years to 10 years — —— 6,526 ## mm 1,300 Digitized for FRASER Over 10 years — -- 4,155 w «# 638 http://fraser.stlouisfed.org/ Total 138 1,156 91,639 4-5,883 6,705 4*393 Federal Reserve Bank of St. Louis

H»4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 28, 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 11,599 530 3,330 668 888 981 611 1,768 449 206 419 422 1,327 Special Drawing Rights certif. acct. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 2,578 148 470 169 177 245 326 178 69 47 53 182 514 Other cash 394 24 30 10 51 46 46 35 28 15 45 19 45 Loans 138 •» • 80 9 1 1 6 4 4 * 2 20 11 Acceptances: Bought outright 741 — 741 — — — — — — - - — -- — Held under repurchase agreements 415 —— 415 -- - - —- — — —— —— - - —— —— Federal Agency obligations- Bought outright 6,312 293 1,515 371 499 510 329 951 240 138 258 323 885 Held under repurchase agreements 393 -- 393 — — -- — -- — —— —— •— —— U.S. Government securities: Bought outright- Bills 35,690 1,659 8,564 2,096 2,820 2,884 1,863 5,376 1,360 780 1,459 1,825 5,004 Certificates — ' — — — — — — — «• — —— — — — — — — — — —— — — Notes 44,236 2,056 10,616 2,598 3,495 3,575 2,310 6,663 1,685 966 1,808 2,261 6,203 Bonds 5,595 260 1.343 328 442 452 292 843 213 122 229 286 785 1 Total bought outright 1/2/ 85,521 3,975 20,523 5,022 6,757 6,911 4,465 12,882 3,258 1,868 3,496 4,372 11,992 Held under repurchase agreements 6,118 — «• 6,118 — — — — — — — w — • — W — MOT — — — Total U.S. Government securities 91,639 3.975 26,641 5,022 6,757 6,911 4,465 12,882 3,258 1,868 3,496 4,372 11,992 Total loans and securities 99,638 4,268 29,785 5,402 7,257 7,422 4,800 13,837 3,502 2,006 3,756 4,715 12,888 Cash items in process of collection 9,232 392 1,128 294 545 1,413 744 1,121 458 400 846 664 1,227 Bank premises 325 90 21 52 26 23 14 16 13 33 17 12 8 Operating Equipment 13 —— 2 3 1 —— — — — — 2 1 2 2 Other assets 3/ 3,330 94 1,835 112 150 147 147 285 74 47 76 97 266 Interdistrict settlement account -0- + 486 -4,565 - 87 + 950 - 125 + 130 + 617 + 782 + 329 + 185 + 209 +1,089 TOTAL 127,609 6.056 32,160 6,654 10,088 10,197 6.846 17,936 5,397 3,094 5,415 6,341 17,425 * Less than $500,000. 1/ Excludes $422 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $83 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 JANUARY 28; 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 76,845 3,822 19,391 4,525 6,639 7,040 3,776 12,175 3,265 1,560 2,666 2,926 9,060 DDee MM ppoo ee ss mm ii bb tt ee ss rr :: bbaannkk rreesseerrvveess 29,448 1,035 8,030 927 2,048 1,348 1,696 3,798 923 691 1,169 1,791 5,992 UU..SS.. TTrreeaassuurryy——ggeenneerraall aaccccoouunntt 10,360 732 2,319 813 680 437 684 713 781 397 721 889 1,194 FFoorreeiiggnn 209 9 1/ 46 10 19 12 17 34 7 6 9 12 28 OOtthheerr 22// 627 1 492 2 1 13 35 4 3 2 2 55 17 TToottaall ddeeppoossiittss 40,644 1,777 10,887 1,752 2,748 1,810 2,432 4,549 1,714 1,096 1,901 2,747 7,231 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 6,693 318 965 206 425 1,129 412 713 302 354 713 492 664 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd ddiivviiddeennddss 1,121 49 323 60 79 79 61 148 38 23 40 49 172 TTiffUlliiTTvAALTTi TTL iTT nDAA""lRRLTTl TTlTTTT TTX''uFFDSS 125,303 5,966 31,566 6,543 9,891 10,058 6,681 17,585 5,319 3,033 5,320 6,214 17,127 1 CCAAPPIITTAALL AACCCCOOUUNNTTSS CCaappiittaall ppaaiidd iinn 934 35 241 43 81 52 72 - 142 31 26 41 52 118 SSuurrpplluuss 928 35 239 42 81 52 72 142 31 26 38 ,52 118 OOtthheerr ccaappiittaall aaccccoouunnttss 444 20 114 26 35 35 21 67 16 9 16 23 62 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CCAAPPIITTAALL AACCCCOOUUNNTTSS 127.609 6,056 32 J 60 6,654 10,038 10,197 6,846 17^936 5,397 . 3,094 5,415 6,341 17,425. FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 81,328 4,UJLy 20,261 4,694 6,959 7,353 4,518 12,596 3,458 1,632 2,869 3,105 v9,«b4 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 981 611 1,768 449 205 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 28 20 10 18 19 59 AAcccceeppttaanncceess UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 71.710 3.575 17.050 4.150 6.210 6.505 4,000 11,400 3.07-0 1,510 2.600 2.740 8.900 TToottaall ccoollllaatteerraall 83,608 4,129 20,503 4,818 7,098 7,486 4,639 13,168 3,539 1,725 2,036 3,181 10,286 1J After deducting $163 million participations of other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. * Less than 500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis