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Mm, FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 18, 1975 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright—System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Loans-Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding 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 Required reserves Excess reserves NOTE: Week ended Change from week ended Wednesday Dec. 17, Dec. 17, Dec. 18, Dec. 10, 1975 1975 1974 1975 1/ (In millions of clollars) 2/3/ 84,553 — 6,072 - - 733 * 83,813 +1,576 - 201 6,072 50 4 49 + - 249 99 726 15 1 - 773 16 65 12 + 52 + 510 +4,722 53 + 100 + 909 +5,678 3,479 3.631 97,786 11,599 500 10,087 119,972 +6,808 + 218 +1,017 - 163 + 158 55 +7,984 86,071 400 4,007 226 897 3.214 94,815 -2,307 + 677 -1,630 -1,650 25,157 7.824 32,981 34,895 mm mm - + - - - 45 14 + 2,621 3.557 97,581 11,599 500 10.087 119,767 + + 85,734 400 1,943 244 979 3.158 92,459 + 27,308 7.824 35,132 34,895 237 +3,892 - 484 +li,616 472 - 265 71 +1 ,400 —— —— + 6 +1 ,406 451 — — + + + + + 78 1 58 114 703 + 703 1 702 631 71 - + + - - - - -- A net of $140 million of surplus reserves were eligible to be carried forward from the week ended.December 10, into the week ending December 17. On December 17, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,732 million, a decrease of $457 million for the week. V Net of $571 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,736 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. V Includes $89 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $9 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 1 s program of credit restraint. * Estimated (Treasury's figures'* . H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Wednesday December 17 A S S E T S Gold certificate account Special Drawing Rights certif. acct» * Cash (1,335) Loans Acceptances--Bought outright Held under repurchase agreements Federal Agency ob1igations--Bought outright Held under repurchase agreements U.S, Government securities: Bought outright--Bills Certificates Notes Bonds 1975 11,599 500 364 726 Change since December December 10. 1975 . IB. 1974 53 + 100 1 + 117 ! -Mil - 225 +1,370 - 617 +1,127 -3,349 + + 3 6,072 34,600 43,765 5,448 83,813 — •» +3,991 +2.194 (3,344) 83.813 90,676 9,474 318 12 3,301 116,244 - 670 +1,660 +2,836 -1,671 +1,165 + 608 + 344 + 59 + 12 + 312 +1,499 L I A B I L I T I E S (1,335) Federal Reserve notes Deposits: Member bank-reserves account y.S. T r e a s u r y - g e n e r a l account Foreign Other 4/ Total deposits (2,009) Deferred availability cash items Other liabilities and accrued dividends (3,344) TOTAL LIABILITIES 76,748 25,157 4,007 226 897 30,287 5,995 1,084 114,114 + 239 -1,737 +2,975 12 - 949 + 277 +1,023 + 9 +1,548 +6,201 -6,405 +1,798 40 + 81 -4,566 18 - 178 +1,439 + + + - Total bought outright ifeld upder repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Operating Equipment Other assets 3/ TOTAL ASSETS 1/2/ (2,009) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts 928 897 305 Contingent liability on acceptances purchased, for foreign correspondents f %/ 2/ 3/ £/ +1,127 -- — — +1,127 +1,161 +1,169 1 + w 6 — 106 ' i 33 53 26 -1,240 Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,736 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $110 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Bgnks. Includes assets denominated in foreign currencies. Includes $9 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. DECEMBER 17. 1975 (Acceptances and securities held under repurchase agreements are classified as Loans Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Ovef 5 years to 10 years Over 10 years Tptal 63 2 Acceptances -- 54 377 295 -- - — — --— 65 726 Federal Agency U.S. Government obligations securities Holdings Ho1dings IWeekly Weekly changes 1 changes -3,090 + 194 19,444 + 215 200 + 64 - 64 20,737 + 718 873 —— 30,183 3,149 *»6,348 1,254 4,011 596 -r 83,813 +1,127 6,072 Tw 7 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 17, 1975 H.4.1(b) Total Boston New York , Philadelphia CleveRichAtlanta mond land (In millions of dollars) Chicago St. Minne- Louis apolis Kansas City 419 18 San Dallas Francisco A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other b a n k s Other cash Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationa-Bought outright Held under repurchase agreements U.S. Government securities: Bought o u t r i g h t Bills Certificates Notes Bonds 11,599 500 530 24 3,330 124 668 31 888 43 981 45 611 28 1,768 79 449 20 206 10 1,335 364 57 21 266 27 69 8 75 47 134 43 186 46 63 30 38 27 30 15 65 22 2 6 15 5 2 1 726 —— —— —— 282 6,072 —— 34,600 726 - - 1,609 — 1,457 — —— -- —— — •* 480 491 317 - - * — — — 2,734 2,796 1,806 357 — — 8,303 2,032 — •• •* w mm mm — •* —— -- -- — —, —— —— 915 231 — - — 1,318 5,212 —— — — — — 133 —— 756 —— 45 40- 422 19 1,327 59 84 17 288 43 9 1 2 —— -- —— * — 248 310 — — 1,414 — 851 ~w 1,769 4,851 —— — — 43,765 5,448 2,035 253 10,50> 1,307 2,570 320 3,458 430 3,537 440 2,285 285 6,592 821 1,667 208 956 119 1,788 223 2,237 278 6,137 764 83,813 3,897 20,113 4,922 6,622 6,773 4,376 12,625 3,193 1,831 3,425 4,284 11,752 —— — - Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 83,813 90,676 3,897 4,201 20,113 22,298 4,922 5,285 6,622 7,102 6.773 7,264 4,376 4,708 12,625 13,545 3,193 3,426 1,831 1,965 3,425 3,675 4,284 4,603 11,752 12,604 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 11,483 318 12 3,301 -0- 492 88 310 50 3 97 - 599 624 25 1,645 22 1,017 14 1,637 16 133 + 266 119 70 535 13 2 62 + 201 522 33 1 40 + 118 1,010 17 73 72 1,661 20 2 2,014 + 344 65 - 262 781 12 2 84 - 322 1,249 8 2 268 + 141 5,414 30,086 5,922 9.203 10,183 _ 4,773 2,940 5,027 5,702 15,989 TOTAL 1/ 2/ 3/ ,119,588 — • —— — -- - —— —— —— —— — — — —— - 16 — —— * Excludes $1,736 m i l l i o n of securities sold, and scheduled to be bought back, under matched s a l e - p u r , Includes $110 million securities l o a n e d — f u l l y secured by U.S. Government securities pledged with F e d E x s !fceaarvafcstiku. Includes assets denominated in foreign currencies. —— — —— STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 17 , 1975 H.4.1(c) Total Boston New York Philadelphia Cleveland i Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) L I A B I L I T I E S Federal Reserve notes Deposits: Member bank reserves U.S. T r e a s u r y — g e n e r a l account Foreign Other y Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 25,157 4,007 ; 226 897 30,287. 8,004 1,084 117,458 928 897 305 119,588 6,743 7,126 4,035 12,426 3,303 1,569 2, 764 2,944 9,207 745 177 11 2 935 212 1,313350 20 1,683 511 1,132 342 13 7 1,494 1,349 lr637 217 17 34 1,905 545 3,553 162 35 8 3,758 979 814 170 8 1 993 368 688 163 5 2 858 431 1, 111 188 10 2 1,>311 822 1,675 275 12 32 1,994 595 5,354 331 28 25 5,738 604 265 29,542 63 5,823 83 9,020 &9 1,0058 5& 6,543 157 17,320 39 4,703 24 2,882 41 4.,938 53 5,586 162 15,711 239 235 70 30,086 42 42 15 5,922 81 78 24 9,203 52 50 23 10,183 72 69 17 6,701 141 138 49 17,648 31 30 9 4,773 26 22 10 2,940 39 37 13 5 ,027 52 49 15 5,702 118 112 48 15,989 19,488 4,613 999 418 6,358 1,419 1/ 58 784 8,619 1,170 50 5,332 3,865 78,083 777 213 9 ! s 12 5,414 FEDERAL RESERVE AGENTS 1 ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct. Acceptances U.S. Government securities Total collateral 81,066 3,993 19,983 4,,722 6,959 7,321 4,489 12,,642 3,474 I,,633 2,,899 3,,114 9,837 11,596 302 530 24 3,329 124 668 888 980 611 28 1 ,768 449 20 206 10 418 18 422 19 1,327 59 70,750 82,648 3,500 4,054 16,650 20,103 4.,150 4 :,818 — — 6,110 6,450 4,000 11 ,400 3,070 1 ,510 2,,500 2 ,710 8,700 6,998 7,430 4,639 13 ,168 3,539 1 ,726 2 ,936 3 ,151 10,086 1/ After deducting $168 million participations of other Federal Reserve Banks. ^ 2/ Includes $9 million of certain deposits of foreign-owned banking institutions held with member banks an redeposlted in full with Federal Reserve Banks in connection with voluntary participation b y nonmember institutions in the Federal Reserve System's program of credit restraint.
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