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O? QOVe. Effffl FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 19, 1976 Averages of daily figures Week ended Change from w e e k ended Wednesday Feb. 18, Feb. 11, Feb. 19, Feb. 18, 1976 , 1976 1 1975 1976 7 (In millions of dollars) 2/3/ i/ Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought o u t r i g h t — S y s t e m 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 5/ Required reserves Excess reserves 5/ NOTE: 86,407 1,595 + 891 +1 ,595 6,311 83 + 711 109 + 56 10 • mm - + - —— 2,210 3,535 101,017 11,599 500 10,257 123,373 * * 83 23 109 5 1 + 7 ,700 + 823 86,559 2,330 + 1 ,661 43 6,311 157 + 78 18 700 303 173 2 58 9 + 217 + 139 +10 ,384 25 + 100 + 981 4-11 ,439 2,875 3T036 102,329 11,599 500 "10.261 124,689 - - — — 180 148 +2 ,334 - — — + 1 +2 ,335 84,403 500 7,354 279 673 3.225 96,434 + + + + 373 50 388 32 15 + 187 +1 ,016 + 7 ,105 + 266 + 5 ,394 85 + 61 + 63 +12 ,805 84,607 500 9,603 252 501 3.224 98,687 26,940 7,539 34,618 34,034 584 +1 ,319 544 + 776 + 315 + 461 - 1 ,364 + 725 500 926 + 426 26,003 7,539 33,681 34,034 353 A net of $56 million of surplus reserves were eligible to be carried forward from the week ended February 11, into the week ending February 18. On February 18, 1976, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $44,203 million, an increase of $213 million for the week. 1/ Net of $518 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $201 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $13 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's program of credit restraint. 5>/ Adjusted to include $139 million waivers of penalties for reserve deficiencies in accordance with 1 Regulation D change effective November 19, 1975. * Estimated (Treasury s figures). H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since February 18, February February A S S E T S 1976 Gold certificate account 11 ,599 22 * «• •— Special Drawing Rights certif. acct, 500 + 100 Cash —• *» (1,977) 404 + 65 Loans 58 4 - 1 ,067 Acceptances--Bought outright 700 20 + 70 Held under repurchase agreements 303 + 303 + 297 Federal Agency obligations—Bought outright mm • 6 ,311 + 1 ,661 Held under repurchase agreements 157 + 157 + 157 U.S. Government securities: Bought outright—Bills 36 ,539 + 260 + 927 — — •» mm mm mm Certificates Notes 44 ,225 200 + 3 ,972 Bond « 5 ,795 + 200 + 2 ,334 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/ (3,688) 86 ,559 2 1330 88 ,889 96 ,418 9 ,991 325 15 2,,696 121,,948 2 638 +5,,231 + 7 ,233 + 2 ,330 + 9 ,563 +10 ,681 78 + 56 + 15 19 +10,,798 L I A B I L I T I E S Federal Reserve notes (1,977) Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ (2) Total deposits (2) Deferred availability cash items ( 1,709) Other liabilities and accrued dividends TOTAL LIABILITIES (3,688) 75,,250 26,,003 9, 603 252 501 36, 359 7, 115 1, 072 119, 796 + 121 + 5 +2,,898 5 93 +2, 805 +2, 177 + 21 +5, 124 + 6,,554 - 2,,431 + 6,,563 67 199 + 3,866 + 386 76 +10, 730 + 1 + + + 106 c a p i t a l (1,711) + 260 +2 ,330 +2 ,590 +3 ,026 +2 ,841 — » + - a c c o u n t s Capital paid in Surplus Other capital accounts 937 929 286 Contingent liability on acceptances purchased, for foreign correspondents * 1/ 2/ 3/ 4/ 39 32 3 197 Figures in parentheses are the eliminations made in the consolidating process. Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $201 million securities loaned—-fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $13 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. FEBRUARY 18, 1976 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) 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 Acceptances 57 1 T T T 58 1,003 413 176 U.S. Government securities Holdings Weekly changes 5,592 •2,651 17,887 +2,297 22,884 +1,671 30,677 + 105 7,494 + 968 4,355 + 200 88,889 +2,590 Federal Agency obligations Holdings Weekly changes 221 +186 160 - 29 845 3,302 1,302 638 6,468 +157 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 18, 1976 H.4.1(b) Total Boston Philadelphia New York CleveRichAtlanta mond land (In millions of dollars) Chicago 1 Minneapolis St. Louis Kansas Citv San 1 Dallas 1Francisco 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 11,599 500 530 24 3,330 124 668 31 888 43 981 45 611 28 1,768 79 449 20 206 10 419 18 422 19 1,327 59 1,977 404 104 25 386 30 94 11 141 54 187 46 295 48 93 36 40 29 33 15 45 46 156 18 403 46 58 2 8 2 9 8 1 3 10 15 700 303 700 303 6,311 157 293 1,514 157 371 499 510 329 951 240 138 258 323 885 36,539 1,699 8,769 2,146 2,887 2,952 1,908 5,504 1,,392 798 1,493 1,868 5,123 44,225 5,795 2,056 269 10,613 1,391 2,597 340 3,494 458 3,574 468 2,309 302 6,661 873 13,685 221 966 127 1,808 237 2,261 296 6,201 813 Total bought outright 1/2/ n n / 4icpuruuadc a o r o o n agiccuicnta i o n f " Q n6iQ unaer Tr»f"n1 T •9u i HnupTrimpnf" 1ULai T U VJUVC1 LlUC 11 securities L Total loans and securities 86,559 2,330 88.889 96,418 4,024 20,773 2,330 23,103 25,779 5,083 6,839 6,994 4,519 13,038 3 : ,298 1,891 3,538 4,425 12,137 5,083 5,462 6,839 7,340 6,994 7,504 4,519 4,857 13,038 13,997 3 ,298 3 ,539 1,891 2,029 3,538 3,799 4,425 4,758 12,137 13,037 Cash items in process of collection Bank premises Operating Equipment Other assets 3/ Interdistrict settlement account 11,702 325 15 2,696 -0- 507 92 358 52 3 67 - 386 734 25 3 95 + 106 1,574 24 993 14 1,664 16 238 73 85 + 617 + 173 392 519 13 2 44 + 590 526 32 1 33 + 426 1,065 16 56 + 449 1,857 21 2 1,574 -2,111 + 50 24 761 12 2 60 - 106 1,144 8 2 221 + 72 125,636 6,104 30,992 6,360 9,429 10,526 7,548 18,218 5 ,245 3,311 5,482 6,102 16,319 UaI /I TOTAL 4.024 4,317 V 2/ Excludes $580 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $201 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 18, 1976 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 2f Total deposits Deferred availability cash items Other liabilities and accured dividends TOTAL LIABILITIES Cleveland 77,227 3,840 19,604 4,517 6,645 7,044 3,800 12,194 3,283 1,570 2,686 2,938 9*106 26,003 9,603 252 503 36,361 8,824 1,115 6,838 606 1,854 8 1/ 92 358 1,729 9,142 403 1,404 746 627 10 5 1,388 294 1,267 640 19 1 1,927 596 1,405T 476 12 15 1,908 1,368 1,686 1,203 17 34 2,940 587 3,603 865 33 4 4,505 1,044 765 704 7 1 1,477 375 675 461 6 1 1,143 515 1,163 564 9 2 1,738 927 1,596 793 12 63 2,464 532 5,144 810 27 19 6,000 779 1.072 123,484 49 6,021 287 30,437 61 6,260 77 9,245 78 10,398 63 7,390 147 17,890 38 5,173 25 3,253 40 5,391 49 5,983 158 16,043 937 929 286 35 35 13 241 239 75 43 42 15 81 81 22 53 52 23 72 72 14 143 142 43 31 31 10 27 26 5 40 39 12 52 52 15 119 118 39 125.636 6.104 30.992 6.360 9.429 10.526 7.548 18.218 5.245 3,311 5.482 6.102 16.319 , 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 If 80,963 4,007 20,344 4,639 6,927 7,293 4,471 12,49a 3,447 1,618 2,843 3,091 y,/93 11,596 302 530 24 3,329 124 668 888 981 611 28 1^768 449 20 205 10 418 IS 422 1,327 59 — •» — — 19 mrnm __ 71.710 3.575 17.Q5Q 4.150 6.210 6,505 4.000 11.400 3.070 1.510 2.600 2.740 8.900 83,608 4,129 20,503 4,818 7,098 7,486 4,639 13,168 3,539 1,725 3,036 3,181 10,286 - - - - — — ## mm After deducting $160 million participations of other Federal Reserve Banks. 2/ Includes $13 million of certain deposits of foreign-owned banking institutions held wicn member banks and redeposited in full with Federal Reserve Banks in connecfinn voluntary participation by nonmember institutions in the Federal Reserve Svat-em 1 s j program of credit restraint. m mw
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