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FEDERAL RESERVE Dm i • f*AL RtS . • Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release December 9, 1976 H.4.1 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 Acceptance s — 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 3/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held 4/ Required reserves Excess reserves 4/ NOTE: 1/ Week ended Change f r d fe JPtek endedWednesday Dec. 8, 1 Dec. 10, Dec. 8, * Dec. 1, 1976 1976 1976 (In millions of dollars) 89,543 - - 6,833 — 195 — 25 14 -2,050 -1,632 - 23 59 - 206 - 63 5 — — ** ** 1975 I 3,585 3,404 103,586 11,598 1,200 10,848 127,232 93,021 475 3,708 258 982 3,071 101,514 25,718 8,490 34,367 34,179 188 +6,606 - 472 2/ 91,612 + - 761 50 6,833 - 534 49 189 3 24 13 - - — - - - - — + 5 -4,042 +1,238 82 +7,416 1 + 700 + 767 +8,882 3,546 3,349 105,553 11,598 1,200 10,848 129,199 + 302 50 -2,823 22 - 151 - 399 -3,144 +7,799 + 13 +1,843 + 15 + 61 + 27 +9,758 93,630 475 3,011 292 970 3,034 101,412 + - + 13 3 -4,047 - — — 898 112 786 556 230 + 876 665 52 97 45 27,787 9,490 36,436 34,179 2,257 A net of $125 million of surplus reserves were eligible to be carried forward from the week ended December 1, into the week ending December 8. On December 8, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $49,730 million, an increase of $1,497 million for the week. 1/ Net of $2,285 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $20 million of certain deposits of foreign-owned banking institutions volunatrily held with member banks and redeposited in full with Federal Reserve Banks. 4/ Adjusted to include $159 million waivers of penalties for reserve deficiencies in accordance with Board policy effective November 19, 1975. * Estimated (San Francisco District). ** Estimated (Treasury's figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since December 8, Dec. 1, Dec. 10, A S S E T S 1976 ** 1976 1975 W W Gold certificate account 11,598 1 * «" — Special Drawing Rights certif. acct» 1,200 + 700 Cash (1,314) 356 1 7 Loans 24 - 324 7 Acceptances--Bought outright 189 8 - 535 <— * Held under repurchase agreements mm mm — — Federal Agency obligations--Bought outright 6,833 + 761 Held under repurchase agreements — — — — U.S. Government securities: Bought outright--Bills 37,944 +2,077 +4,471 — <• — mm mm Certificates — — Notes 47,089 +3,324 Bonds 6,579 - +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 2/ TOTAL ASSETS v 91,612 +2,077 +8,926 • «• — — . mmmm (3,093) 91,612 98,658 8,653 366 27 2,956 123,814 +2,077 +1,745 - 691 + 2 1 - 290 + 764 +8,926 +9,145 + 408 + 47 + 15 -1,015 +9,292 L I A B I L I T I E S Federal Reserve notes (1,314) Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 3/ Total deposits Deferred availability cash items (1,779) Other liabilities and accrued dividends TOTAL LIABILITIES (3,093) 83,613 27,787 3,011 292 970 32,060 5,107 951 121,731 + 545 +4 ,642 -3 ,178 20 206 +1 ,238 565 75 +1 ,143 +7, 104 + 955 +1, 979 + 54 876 +2, 112 + 135 124 +9,227 (1,779) C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts * ** 1/ 2/ 3/ 974 929 180 + + - 379 52 32 19 Figures in parentheses are the eliminations made in the consolidating process. Estimated (San Francisco District). Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $20 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 8. 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 12 12 19 101 69 24 189 U.S. Government Federal Agency securities obligations Holdings Weekly Holdings Weekly changes changes 4,960 +1,382 Dir 18,153 +1,797 214 24,758 -1,102 992 30,036 — 3,370 8,876 — 1,381 4,829 — 738 91,612 +2,077 6,833 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 8, 1976 H.4.1(b) Total Boston Philadelphia New York CleveRichmond Atlanta land (In millions of dollars) Chicago St. Louis Kansas Citv Minneapolis San ** Dallas Francisco 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 obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates Notes Bonds 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 1,314 356 54 17 336 28 63 9 41 45 107 41 232 40 36 32 33 26 19 14 42 42 116 22 235 40 24 * 1 2 2 4 2 10 3 189 -- 189 — -— 316 6,833 -- 37,944 -- 1,607 — 1,754 — — 8,925 — —— — — — - - - - - - - 379 - - —— - - - — 563 548 — — 3,129 2,105 — **• 3,045 — - - 366 1,094 279 — 2,032 6,076 - - • " - - - 1,547 - - 156 — 868 - - - - - - - - - - 271 - - 1,502 — —— -- 929 325 - - 5,159 1,802 — — 47,089 6,579 2,176 304 11,076 1,547 2,613 365 3,882 542 3,780 528 2,522 353 7,540 L054 1,920 268 1,077 150 1,864 260 2,236 313 6,403 895 91,612 4,234 21,548 5,083 7,553 7,353 4,907 14,670 3,735 2,095 3,626 4, 351 12,457 1/2/ Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities 91,612 98,658 4,234 4,550 21,548 23,345 5,083 5,464 7,553 8,116 7,353 7,901 4,907 5,275 14,670 15,768 3,735 4,014 2^095 2,253 3,626 3,907 4,351 4,679 12,457 13,386 Cash items in process of collection Bank premises Operating Equipment Other assets 2/ Interdistrict settlement account 10,432 366 27 2,956 -0- 374 106 338 56 3 138 - 451 549 24 3 142 654 1,887 46 430 13 4 74 - 61 463 31 1 45 - 77 843 17 140 320 1,027 14 3 128 - 851 1,700 16 88 68 1,336 22 6 1,433 +2,254 79 - 285 637 12 3 85 + 238 + 848 9 4 325 158 5.723 32.410 10.903 6.529 5.049 2^995 , 5,084 6.259 16,473 TOTAL * ** 1/ 2/ «• — 126.907 —— * - —- —- + 10.616 — — - - - — - — — — — 279 -1,191 A3,534 , Less than $500,000. Estimated (San Francisco District). Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. — — —— * —— —— 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 8, 1976 84,927 4,169 21,498 4,830 7,379 7,618 3,845 13,844 3,581 1,718 3,013 3,637 9,795 27,787 3,011 292 970 32,060 6,886 978 130 9 1 1,118 313 7,827 381 1/ 117 869 9 194 964 931 215 11 2 1,159 199 2,307 245 21 2,573 411 1,198 396 13 13 1,620 1,476 1,692 178 18 44 1,932 536 3,170 309 36 5 3,520 714 862 198 8 2 1,070 292 617 177 7 1 802 393 1,037 207 9 3 1,256 695 1,844 162 13 10 2,029 435 5,324 413 30 20 5,787 458 951 124,824 46 5,646 227 31,883 51 6,239 74 10,437 70 10,784 59 6,372 143 18,221 36 4,979 23 2,936 35 4,999 42 6,143 145 16,185 35 35 7 248 239 40 43 42 8 84 81 14 54 52 13 75 72 10 146 142 25 31 32 7 28 26 5 40 39 6 56 51 9 134 118 36 5,723 32,410 6,332 10,616 10,903 6,529 18,534 5,049 2,995 5,084 6,259 16,473 974 929 180 126,907 I ! — FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: Gold certificate account Special Drawing Rights certif. acct.. Acceptances 1 U.S. Government securities J Total collateral j ** 1/ 2! 87,997 4,309 22,078 5,067 7,591 7,830 4,332 13,983 3,726 1,761 3,161 3,785 10,374 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 - - - - -- 77,240 89,479 3,780 4,382 18,550 22,200 4,500 5,141 6,925 7,917 4,000 4,661 12,600 14,304 3,250 3,766 1,610 1,856 2,800 3,238 3,365 3,831 — -- 6,760 7,699 Estimated (San Francisco District). After deducting $ 175 million participations of other Federal Reserve Banks. Includes $20 million of certain deposits of foreign-owned banking insitutions voluntarily held with member banks and redeposited in full with Federal Reserve Banks. — -- — 9,100 10,484
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