H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks ^ 1 For immediate release December 30, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Dec. 29, Dec. 22, | Dec. 31, Dec. 29v Reserve Bank credit, 1976 1976 1 1975 1976 and related items (In millions of dollars) Reserve Bank credit: 1/ U.S. Government securities— Bought outright—System account 91,791 20 + 4, 885 91,505 Held under repurchase agreements 5,487 +2, 803 + 4, 118 9,454 Federal Agcncy obligations— Bought outright 6,794 4- 722 6,794 Held under repurchase agreements 282 + 193 4- 161 409 Acceptances-- Bought outright 195 1 546 196 Held under repurchase agreements 615 + 371 + 370 821 Loans-- Total member bank borrowing 82 4- 45 171 375 Includes seasonal borrowing of: 11 -- - 1 11 Other borrowing — — — Float 4,334 + 748 - 300 3,018 Other F.R. assets 3,191 + 33 - 275 3,242 Total Reserve Bank credit 112,772 +4., 172 + 8. ,965 115,814 Gold Stock 11,598 - 1 11,598 Special Drawing Rights certif. acct. 1,200 - — 4* 700 1,200 Treasury currency outstanding 10,881 + 7 + 763 10,884 136,451 +4 ,179 +10 Currency in circulation ** Treasury cash holdings ** Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks 4/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ 3 r^ 2/ 3/ 139,496 94,283 4- 330 4- 7, 714 94,551 475 —— + 27 475 9,781 +3 ,303 + 3 ,004 9,684 385 + 80 4 92 257 882 - 34 - 9 932 3,491 + 228 4- 14 3,565 109,297 +3 ,907 4-10 ,842 109,464 27,153 + 272 - 416 30,031 8,624 + 473 4- 588 8,624 35,935 4- 745 4- 324 38,813 35,494 + 408 4- 297 35,494 441 4- 337 + 27 3,319 NOTE: A net of $59 million of surplus reserves were eligible to be carried forward from the week ended December 22, into the week ending December 29. On December 29, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $50,345 million, an increase of $26 million for the week. 1/ Net of $892 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,164 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $116 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 institutions 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 (Cleveland 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) Wednesday Change since Dec. 29, Dec. 22, Dec. 31, A S S E TS 1976** 1976 1975 Gold certificate account 11,598 1 Special Drawing Rights certif. acct. * 1,200 — •» + 700 Cash (1,579) 357 - 4 + 10 Loans 375 300 + 164 Acceptances--Bought outright 196 + 1 545 Held under repurchase agreements 821 + 308 + 436 Federal Agency obligations—Bought outright 6,794 •m «• + 722 Held under repurchase agreements 409 + 191 + 291 U.S. Government securities: Bought outright—Bills 37,345 - 182 + 138 Certificates — Notes 47,470 — — + 3,481 Bonds 6,690 + 1,169 Total bought outright 1/2/ 91,505 182 + 4,788 Held under repurchase agreements 9,454 +2 ,979 + 8,237 Total U.S. Government securities 100,959 +2 ,797 4-13,025 Total loans and securities 109,554 -J-3, 597 4-14,093 Cash items in process of collection (2,070) 8,720 -2 ,540 - 463 Bank premises 363 - 4 r 44 Operating Equipment 26 • — 4- 13 Other assets 3/ 2,853 128 127 TOTAL ASSETS (3,649) 134,671 1 ,177 4-14,269 l i a b i l i t i es Federal Reserve notes (1,579) 84,500 + 23 + 7,341 Deposits: Member bank-reserves account 30,031 + 679 4- 3,979 U.S. Treasury—general account 9,684 +1 ,052 4- 2,399 Foreign 257 - 30 96 Other 4/ 932 + 92 158 Total deposits 40,904 4-1,, 793 4- 6,124 Deferred availability cash items (2,070) 5,702 - 837 4- 207 Other liabilities and accrued dividends 1,152 + 96 4- 42 TOTAL LIABILITIES (3,649) 132,258 + 1,|0 75 4-13,714 c a p i t al a c c o u n ts Capital paid in 984 4 4- 55 Surplus 929 Other capital accounts 500 + 98 4- 500 * Figures in parentheses are the eliminations made in the consolidating orocess. 1/ Excludes $1,164 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $116 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $20 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. **" Estimated (Cleveland District ). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. DECEMBER 29, 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 369 841 13,354 3,435 450 4-191 16 days to 90 days 6 112 17,200 - 734 296 91 days to 1 year - - 64 26,216 + 96 977 4- 9 Over 1 year to 5 years — - — — 30,278 — — 3,355 - 9 Over 5 years to 10 years — - — — 8,997 — — 1,388 Over 10 years -- — 4,914 — — 737 — — Total T7T 1,017 100,959 4-2,797 7,203 +191 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 29, 1976 NNeeww PPhhiillaa-- 1 Cleve- Rich- I 11 St. Minne- Kansas SSaann Total Boston YYoorrkk ddeellpphhiiaa h* land mond 1 Atlanta Chicago 1 Louis apolis Citv DDaallllaass 11FF rraanncciissccoo (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 1,579 65 345 76 67 134 236 69 50 25 81 196 235 Other cash 357 17 28 10 46 41 38 35 26 14 43 21 38 Loans 375 172 76 74 — — 23 10 * 2 13 2 3 Acceptances: Bought outright 119966 — 119966 Held under repurchase agreements 821 -- 821 -- -- Federal Agency obligations- Bought outright 6,794 314 1,598 377 560 545 364 1,088 277 155 226699 332233 992244 Held under repurchase agreements 409 409 — U.S. Government securities: Bought outright-- Bills 37,345 1,726 8,785 2,072 3,079 2,997 2,000 5,980 1,523 854 11,,447788 11,,777733 55,,007788 Certificates — - - - - — -- - - -- -- -- -- Notes 47,470 . 2,194 11,165 2,634 3,914 3,810 2,543 7,602 1,935 1,085 1,879 2,255 6,454 Bonds 6,690 309 1,573 371 552 537 358 1,071 273 153 265 318 910 Total bought outright 1/2/ /91JW5 4,229 21,523 5,077 7,545 7,344 4,901 14,653 3,731 2,092 3,622 4,346 12,442 Held under repurchase agreements 9,454 - — 9,454 - - — -- -- — Total U.S. Government securities 100,959 4,229 30,977 5,077 7,545 7,344 4,901 14,653 3,731 2,092 3,622 4,346 12,442 Total loans and securities 109,554 4,715 34,077 5,528 8,105 7,889 5,288 15,751 4,008 2,249 3,904 4,671 13,369 Cash items in process of collection 10,790 363 1,435 260 714 1,791 972 1,305 386 512 945 854 1,253 Bank premises 363 106 17 56 24 48 14 16 13 31 17 12 9 Operating Equipment 26 - - 6 2 3 -- 3 4 1 -- 3 4 Other assets 3/ 2,853 78 1,406 121 128 125 111 243 61 49 62 87 382 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 218 -6,893 +. 276 + 612 + 461 + 1 +1,484 + 480 + 180 + 324 + 450 +2,407 138,320 6,164 34,071 7,041 10,741 11,590 7,324 20,797 5.544 3.307 5.815 6.761 19.165 TTOOTTAALL L/ Excludes $1,164 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. If includes $116 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. £ Less than $500,000. k Estimated (Cleveland District). 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 29, 1976 Total Boston Y N o ew r k de P l h p i h l i a a - C * l l * e a v n e d - R m i o c n h d - Atlanta Chicago Lo S u t i . s M a i p n o n li e s - Ka Ci n t s y a s Dallas Fr S a a n n c isco (In millions of dollars) L I A B I L I T I ES F De e p d o e s r i al t s R : e serve notes 86,079 4,241 21,766 4,851 7,447 7,699 3,984 14,053 3,603 1,752 3,035 3,715 9,933 D O e t f h F M O U e e o e t . r r r T h S m r e . e o b l e r i t e i T d g a r a 2 n l r b a b e i / v d a a l a e n s i k i p u t l o r i r a s y e e b i — s s i t g e s l e r i a n v n t d e y e s r c a a a c l s c h u a r c e c i d o t u e n m t s 4 3 0 7 0 9 , , , , 9 7 0 9 6 2 0 2 7 3 8 5 2 4 2 1 4 7 - 1, — 4 5 2 9 9 9 0 8 ] 6 2 0 2 9 a 8 1 1 8 a 1 9 0 , , o / 2 , 3 2 . 2 4 2 8 1 6 7 2 0 1 1 , , 6 8 1 1 3 8 7 4 1 9 9 7 8 1 3 _ 2 1 , , 5 4 8 6 2 9 4 2 2 0 1 3 7 1 0 2 1 1 , , , 5 0 5 5 9 7 2 2 1 7 8 7 9 a 3 _ 2 1 , , 5 5 6 7 1 9 9 6 3 1 f 5 4 3 6 8 l L 5 4 1 , , , 3 1 8 1 4 8 5 4 3 9 3 7 7 6 9 1,5 6 2 8 4 8 6 7 1 1 1 0 8 2 1, 4 4 0 5 6 0 0 8 2 5 9 8 7 1 1 1 , , 8 6 7 2 5 9 0 3 1 6 0 7 7 0 2 2 1 , , 5 2 6 6 7 9 3 3 1 1 7 6 1 7 5 3 6 7 1 , , , 6 9 2 6 9 8 4 8 3 2 1 2 4 7 0 1 di T v O i T d A e L n d L s I ABILITIES 135 1 , , 9 1 0 5 7 ? 6,0 4 7 5 4 33,46 3 1 4 3 6,93 5 1 2 10,53 76 4 _ 11,44 7 6 2 7,15 5 2 9 20,430 145 5,461 36 3,241 22 57*16 35 6,63 4 0 2 18,8 2 3 2 1 5 CAPITAL ACCOUNTS Capital paid in O S t u h r e p r T l O u c T s a A p L i t L a I l A B a I c L c I o T u I n E t S s AND 5 9 9 0 2 8 0 9 4 3 2 3 5 0 5 2 2 1 3 5 2 9 1 0 4 4 2 3 2 5 4 8 8 1 1 5 5 5 3 2 4 8 7 2 7 2 5 5 1 1 7 4 4 7 2 8 3 3 1 2 2 9 2 2 1 9 6 1 4 3 1 1 9 9 5 5 2 1 6 4 1 1 8 1 3 8 5 1 CAPITAL ACCOUNTS 138,320 6,164 34,071 7,041 10,741 11,590 7,324 20,797 5,544 3,307 5,815 6,761 19,165 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 89,262 4,368 22,369 5,045 7,651 7,918 4,438 14,260 3,769 1,812 3 ,j1 79 3,876 10,577 S Go p l e d c i c a e l r t D i r f a i w c i a ng t e R a i c g c h o t u s n t c ertif. acct. 11, 6 5 4 9 3 6 5 6 4 0 2 3 3 0 , 0 3 50 641 939 992 599 1,704 466 222 396 420 1,325 Acceptances 62 50 24 42 46 59 ** T U o . t S a . l E G s o c t v o i e l m r l a n a t m t e e e d n r t ( a C l s l e e c ve u l r a i n t d ie s D istrict). i | 9 7 0 8 , , 2 0 8 5 9 0 4 3 , , 4 8 3 3 2 0 2 1 2 8 , . 5 85 0 0 0 4 5 , ,1 5 4 0 1 0 6 7 , , 8 7 1 4 0 9 8 7, , 0 0 2 1 5 7 4 4 , . 6 0 6 0 1 0 14, 1 3 2 0 * 4 6 00 3 3 , , 8 3 1 0 6 0 1 1, , 8 6 5 1 6 0 3 2, , 2 8 3 0 8 0 * 3 3 , . 8 4 9 2 1 5 10 9 , , 6 3 8 0 4 0 banks and redeposited in full with Federal Reserve Banks. lnstltutlons voluntarily held with member Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis