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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks ^ 1 For immediate release December 30, 1976 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 Averages of daily figures Week ended Change from week ended Wednesday Dec. 29v Dec. 22, | Dec. 31, Dec. 29, 1976 1976 1 1975 1976 (In millions of dollars) 2/ 3/ ** ** Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 5/ Required reserves Excess reserves 5/ NOTE: 91,791 5,487 20 +2, 803 + 4, 885 + 4, 118 91,505 9,454 6,794 282 + 193 4- 722 161 6,794 409 195 615 + 1 371 + 546 370 196 821 82 11 4- 45 - 171 1 375 11 4,334 3,191 112,772 11,598 1,200 10,881 136,451 + + 4- - - — — — r^ 3 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: 1/ U.S. Government securities— Bought outright—System account Held under repurchase agreements Federal Agcncy 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 3,018 3,242 115,814 11,598 1,200 10,884 139,496 94,283 475 9,781 385 882 3,491 109,297 4- + 3 ,303 80 + 34 + 228 + 3 ,907 4- 7 ,714 27 + + 3 ,004 92 4 9 14 44-10 ,842 94,551 475 9,684 257 932 3,565 109,464 27,153 8,624 35,935 35,494 441 + + 4- 748 33 +4.,172 - — + 7 + 4 ,179 330 —— 4- + 4- 272 473 745 408 337 300 275 + 8.,965 1 700 4* 763 + +10 416 588 324 297 27 30,031 8,624 38,813 35,494 3,319 - - 44- + 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). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Dec. 29, Dec. 22, Dec. 31, 1976** 1976 1975 A S S E T S 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 + 308 821 + 436 Federal Agency o b l i g a t i o n s — B o u g h t outright •m «• 6,794 + 722 Held under repurchase agreements + 409 191 + 291 U.S. Government securities: Bought o u t r i g h t — B i l l s 37,345 182 + 138 — Certificates Notes — — 47,470 + 3,481 Bonds 6,690 + 1,169 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 1/2/ (2,070) (3,649) 91,505 9,454 100,959 109,554 8,720 363 26 2,853 134,671 182 +2 ,979 +2 ,797 -J-3,597 -2 ,540 4 128 1 ,177 + 4,788 + 8,237 4-13,025 4-14,093 463 44 413 127 4-14,269 84,500 30,031 9,684 257 932 40,904 5,702 1,152 132,258 23 679 +1 ,052 30 + 92 4-1,,793 837 + 96 + 1|,075 + 7,341 4- 3,979 4- 2,399 96 158 4- 6,124 4207 442 4-13,714 984 929 500 4 4- 55 98 4- 500 • — r liabilities Federal Reserve notes Deposits: Member bank-reserves account U.S. T r e a s u r y — g e n e r a l account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES capital (1,579) (2,070) (3,649) + + accounts Capital paid in Surplus Other capital accounts + * 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 Loans 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 369 6 Acceptances - - 841 112 64 — - — — — - — — - - — T7T 1,017 U.S. Government securities Holdings Weekly changes 13,354 3,435 17,200 734 26,216 + 96 —— 30,278 — — 8,997 — — 4,914 100,959 4-2,797 Federal Agency obligations Holdings Weekly changes 450 4-191 296 977 4- 9 3,355 - 9 1,388 — — 737 7,203 +191 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 29, 1976 Rich- I Phila- 1 Clevemond 1 Atlanta delphia h * land (In millions of dollars) 11 1 St. Louis Minneapolis Kansas Citv San Dallas 1Francisco Total Boston New York 11,598 1,200 542 60 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 1,579 357 65 17 345 28 76 10 67 46 134 41 236 38 69 35 50 26 25 14 81 43 196 21 235 38 375 172 76 74 — — 23 10 * 2 13 2 3 Chicago A S S E T S Gold certificate account Special Drawing Rights certif. acct. 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 outright-Bills Certificates Notes Bonds 47,470 6,690 Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities /91JW5 9,454 100,959 109,554 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account TOTAL L/ If 3/ £ k 196 821 — - - 314 6,794 409 37,345 1,726 - - — . 196 821 - - 1,598 409 377 8,785 2,072 - - - - 560 545 364 1,088 277 155 269 323 924 3,079 2,997 2,000 5,980 1,523 854 1,478 1,773 5,078 — — - - - - - - -- 2,194 309 11,165 1,573 2,634 371 3,914 552 3,810 537 2,543 358 7,602 1,071 1,935 273 1,085 153 1,879 265 2,255 318 6,454 910 4,229 21,523 9,454 30,977 34,077 5,077 7,545 7,344 4,901 14,653 3,731 2,092 3,622 4,346 12,442 5,077 5,528 7,545 8,105 7,344 7,889 4,901 5,288 14,653 15,751 3,731 4,008 2,092 2,249 3,622 3,904 4,346 4,671 12,442 13,369 260 56 2 121 +. 276 714 24 3 128 + 612 1,791 48 1,305 16 243 +1,484 386 13 4 61 480 512 31 1 49 + 180 945 17 125 + 461 972 14 3 111 + 1 62 + 324 854 12 3 87 + 450 1,253 9 4 382 +2,407 7,041 10,741 11,590 7,324 20,797 5.544 3.307 5.815 6.761 19.165 - — 4,229 4,715 10,790 363 26 2,853 -0- 78 + 218 1,435 17 6 1,406 -6,893 138,320 6,164 34,071 363 106 - - - - — - - - - - - — Excludes $1,164 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. includes $116 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Less than $500,000. Estimated (Cleveland District). - - - - + - - H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON Total Boston New York Philadelphia CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS 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. Treasury—general account Foreign Other 2 / Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES Cleveland ** DECEMBER 29, 1976 86,079 4,241 21,766 4,851 7,447 7,699 3,984 14,053 3,603 1,752 3,035 3,715 9,933 982 500 9 8,227 1,321 1/ 82 1,643 827 1,529 527 13 1,766 693 18 10,460 892 2,078 1,597 2,515 594 4,157 1,147 36 9 5,349 883 870 661 1,492 296 1,148 677 11 3_ 1,839 189 2 1,541 281 588 409 7 1 1,005 462 1,237 607 10 2 1,856 790 1,637 631 13 15 2,296 577 6,247 1,684 30 21 7,982 691 1,15? 135,907 45 6,074 343 33,461 52 6,931 72 11,446 59 7,152 145 20,430 36 5,461 22 3,241 35 57*16 42 6,630 225 18,831 984 929 500 35 35 20 251 239 120 43 42 25 85 81 41 54 52 38 75 72 25 32 32 19 6,164 34,071 29 26 11 41 39 19 7,041 10,741 11,590 56 51 24 135 118 138,320 148 142 77 7,324 20,797 5,544 3,307 5,815 6,761 19,165 30,031 9,684 257 92240,904 7,772 —] aao. 20 a_ 1 2,491 520 76_ 10,534 3flL 8 81 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 i ** Estimated (Cleveland District). 89,262 4,368 22,369 5,045 7,651 7,918 4,438 14,260 3,769 1,812 ,179 3j 11,596 643 3,876 542 60 3,350 300 10,577 641 939 992 599 62 1,704 466 50 222 24 396 42 420 46 1,325 59 78,050 3,830 18.850 4,500 6,810 7,025 4.000 90,289 4,432 22,500 12*600 3,300 5,141 1,610 2, 800 7,749 8,017 4,661 14,304 3,816 1,856 3, 238 banks and redeposited in full with Federal Reserve Banks. lnstltutlons voluntarily held with member * 3.425 9,300 3,891 10,684
@FedFRASER