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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks • H.4.1 For immediate release December 2, 1976 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, Dec. 1,* Nov . 24, 1 Dec. 3, and related items 1976 1976 1975 Reserve Bank credit: 1/ (In millions of dollars) U.S. Government securities-91,593 163 Bought outright--System account + 6,778 1,632 + 343 Held under repurchase agreements + 672 Federal Agency obligations-6,856 Bought outright 15 + 784 59 Held under repurchase agreements + 19 55 Acceptances195 Bought outright 5 532 206 + 67 Held under repurchase agreements + 49 Loans-88 + Total member bank borrowing 44 + 22 19 Includes seasonal borrowing of: 2 3 Other borrowing -——Float 3,729 + 650 + 1,068 Other F.R. assets 3,390 + 313 + 111 Total Reserve Bank credit 107,747 +1 *252 + 8,897 Gold Stock — 11,598 1 Special Drawing Rights certif. acct. 1,200 - — + 700 Treasury currency outstanding 10,843 + i + 741 131,388 4-1,253 +10,337 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/ NOTE: ** ** 92,754 525 6,531 280 1,118 3,471 104,678 26,709 8,378 35,246 34,735 511 + 499 —» * + + + + 148 60 323 133 +1 ,163 + + + + + 90 738 829 463 366 + 8,012 + 65 + 2,407 Wednesda Dec. 1, 1976 2/ 3/ 89,535 — 6,833 - - 197 — — 348 17 — — 4,118 3,520 104,551 11,598 1,200 10,843 128,192 25 241 174 +10,873 93,276 525 6,189 312 1,069 3,492 104,863 536 806 429 231 198 23,329 8,378 31,866 34,735 - 2,869 - + + - + + + + A net of $67 million of surplus reserves were eligible to be carried forward from the week ended November 24, into the week ending December 1. 1/ 2/ 3/ 4/ J5/ * ** On December 1, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $48,233 million an increase of $575 million for the week. Net of $1,401 million, daily average, matched sale-purchase transactions outstanding during the statement week. Excludes $3,102 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $128 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. Estimated (New York and Richmond Districts). Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since December 1, Nov. 24, Dec. 3, A S S E T S 1976 ** 1976 1975 Gold certificate account • — 11,598 1 Special Drawing Rights certif. acct. * —— 1,200 + 700 Cash (1,317) 357 7 4 Loans 348 4- 266 + 282 Acceptances—Bought outright 197 2 532 Held under repurchase agreements - 345 209 Federal Agency obligations—Bought outright 6,833 38 + 761 Held under repurchase agreements - 158 152 U.S. Government securities: Bought outright--Bills 35,867 -2 ,535 +1 ,555 Certificates Notes 47,089 4- 192 +3 ,324 Bonds 6,579 + 73 +1 ,131 Total bought outright Held under 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 l/2_/ 89,535 -2 ,270 -3 ,769 -6 ,039 -6 ,316 189 (3,165) 89,535 96,913 8,924 364 28 3,128 122,512 1 4- 379 "6,,132 +6 ,010 482 +5 ,528 +5,678 + 655 4- 47 + 16 + 87 +7,,178 L I A B I L I T I E S Federal Reserve notes (1,317) Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits Deferred availability cash items (1,848) Other liabilities and accrued dividends TOTAL LIABILITIES (3,165) 83,315 23,329 6,189 312 1,069 30,899 4,806 1,036 120,056 4- 567 ,645 "5 j 776 493 + 158 -6, 170 — i591 44 -6, 4-7;>407 -4.,314 +3,,900 483 4- 273 58 652 -65 4-6,632 — (1,848) 2/ V 4/ 00 * ** 1/ 974 929 553 m CM C AA PP II TT AA LL C A C C O U N T S Capital paid in Surplus Other capital accounts - - + __ - - 4- 106 4- 53 32 4- 461 + Figures in parentheses are the eliminations made in the consolidating process. Estimated (New York and Richmond Districts). Excludes $3,102 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $128 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $12 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, DECEMBER 1. 1976 (Acceptances and securities held under repurchase agreements are classified as Maturing within 15 days in accordance with maximum maturity of the agreements.) Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total Loans Acceptances 306 42 106 59 32 348 197 U.S. Government securities Holdings Weekly changes 3,578 -3,478 16,356 -2,852 25,860 18 30,036 + 174 8,876 + 62 4,829 ± 73 89,535 -6,039 Federal Agency obligations Holdings Weekly changes 138 -202 214 - 18 992 - 9 3,370 4- 95 1,381 - 62 — — 738 6,833 -196 1 » STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 1, 1976 H.4.1(b) ** New Boston Phila delnhia RichAtlanta ** mond (In millions of dollars) Cleve- Chicago Louis A S S E T S Gold certificate account Special Drawing Rights certif. acct. 3,350 300 641 71 939 103 992 109 599 62 1,704 190 466 50 222 24 397 42 421 46 1,325 143 54 17 321 28 66 8 48 47 105 40 260 40 52 32 46 27 19 15 41 42 109 21 196 40 313 4 3 4 1 1 11 4 7 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 125.677 379 563 548 366 1,094 279 156 271 929 1,607 325 316 8,436 1,990 2,958 2,878 1,921 5,744 1,462 820 1,420 1,704 4,876 1,658 2,613 3,882 542 3,780 528 2,522 7,540 1.054 1,920 268 1,077 2,236 6,403 11,076 1.547 1,864 2,176 4,138 21,059 4,968 7,382 7,186 4,796 14,338 3,650 2,047 3,544 4,253 12,174 4.138 4,461 21.059 23,176 4,968 5,351 7.382 7,945 7.186 7,734 4.796 5,165 14,338 15,436 3,650 3,930 2,047 2,204 3.544 3,826 4,253 4,582 12,174 13,103 369 105 311 56 3 130 + 510 1,566 17 49 9 72 - 524 970 12 4 104 + 263 + 15 9 4 432 - 264 857 746 13 4 70 89 632 31 126 43 1,158 14 3 130 801 2,003 16 + 585 24 3 139 229 1,547 45 85 + 201 1,522 22 6 1,527 + 532 30.784 6.525 10.062 10.741 6.630 18.840 5.263 3.188 5.479 6.532 15,739 5.894 Less than $500,000. 3/ Includes assets denominated in foreign currencies. —— 197 Total bought outright 1/2/ Held under repurchase agreements Total U.S..Government securities Total loans and securities TOTAL Dallas 542 60 F.R. notes of other banks Other cash Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency o b l i g a t i o n s Bought outright Held under repurchase agreements U.S. Government securities: Bought o u t r i g h t — Bills Certificates Notes Bonds Mi nne aoolis 1 562 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 1, 1976 Total Boston New York * Philadelphia Cleveland CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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. Treasury--general account Foreign Other 2/ Total deposits Deferred availability cash items Other liabilities and accured dividends * TOTAL LIABILITIES Richmond * 84,632 4,158 21,628 4,819 7,304 7,565 3,791 13,758 3,554 1,704 3,001 3,627 9,723 23,329 6,189 312 1.069 30,899 6,654 861 372 9 1 1,243 354 5,291 1,248 1/ 137 957 7,633 670 860 465 11 17 1,353 185 1,453 574 20 1 2,048 421 1,372 528 13 11 1,924 1,029 1,588 431 18 38 2,075 532 3,285 437 36 11 3,769 794 819 422 8 2 1,251 337 649 298 7 1 955 439 1,112 404 10 2 1,528 812 1,714 468 13 17 2,212 516 4,325 542 30 11 4,908 565 1,036 123,221 47 5,802 235 30,166 55 6,412 76 9,849 77 10,595 55 6,453 146 18,467 37 5,179 23 3,121 37 5,378 43 6,398 205 15,401 35 35 22 248 239 131 43 42 28 84 81 48 54 52 40 75 72 30 146 142 85 31 32 21 28 26 13 41 39 21 56 51 27 133 118 87 5,894 30,784 6,525 10,062 10,741 6,630 18,840 5,263 3,188 5,479 6,532 15,739 974 929 553 125,677 | FEDERAL RESERVE AGENTS' 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 87,682 4,267 21,998 5,083 7,541 7,809 4,350 13,964 3,695 1,752 3,134 3,751 10,338 11,596 643 542 60 3,350 300 641 939 992 599 62 1,704 466 50 222 24 396 42 420 46 1,325 59 12,400 14,104 3,250 3,766 1,610 1,856 2,800 3,238 3,325 3,791 9,100 10,484 -- — — — — — —— — —— 76,900 3,680 18,550 4,500 6,760 6,925 89,139 4,282 22,200 5,141 7,699 7,917 —— 4,000 4,661 * 1/ Estimated (New York and Richmond Districts). After deducting $175 million participations of other Federal Reserve Banks. 2/ Includes $12 million of certain deposits of foreign-owned banking institutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks.
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