H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 22, 1974 Averages (: >f daily figures Member bank reserves, Week ended Change from week ended Wednesday- Reserve Bank credit, August 21, August 14, 1 August 22. August 21, and related items 1974 1974 1 1973 1974 Reserve Bank credit: (In millions of dollars) 1/ U.S. Government securities-- Bought outright--System account 81,138 +1,234 + 6,623 81,468 Held under repurchase agreements 435 + 435 4- 205 429 Federal Agency obligations-- Bought outright 3,582 + 1,968 3,582 Held under repurchase agreements 239 + 239 4- 230 337 Acceptances-- Bought outright 234 + 16 + 189 250 Held under repurchase agreements 78 + 78 + 59 65 Loans-- Total member bank borrowing 3,437 397 + 1 303 3,113 Includes seasonal borrowing of: 166 6 + 3 167 Other borrowing Float 1,966 58 723 2,386 Other F.R. assets 914 610 + 142. 1,118 Total Reserve Bank credit 92,024 +1,733 + 9,998 92,748 Gold Stock 11,567 + 1,157 11,567 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 8,955 + + 406 8,959 112,946 +1,735 +11,561 113,674 Currency in circulation 74,875 41 + 6,412 74,903 Treasury cash holdings ** 276 + 2 77 273 Treasury deposits with F.R. Banks 2,447 + 572 + 1,528 2,456 Foreign deposits with F.R. Banks, 428 + 159 + 80 303 Other deposits with F.R. Banks- 833 42 51 738 Other F.R. liabilities and capital 3,262 155 + 436 3,290 82,120 + 805 + 8,327 81,963 Member bank reserves: With Federal Reserve Banks 30,825 + 930 + 3,233 31,711 Currency and coin 6,353 694 + 456 6,35 3 Total reserves held 37,178 + 236 + 3,"5 7 7 38,064 Required reserves 36,924 + 127 + 3,362 36,924 Excess reserves 254 + 109 + 215 1,140 NOTE: A net of $109 million of surplus reserves were eligible to be carried forward from the week ended August 14, into the week ending August 21. On August 21, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,721 million, a decrease of $45 million for the week. ]_/ Includes $127 million securities loaned-~fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes $91 million of certain deposits of domestic nonmember banks and 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 System1 s program of credit: restraint. * Estimated (Sari Francisco District^, ~'v Estimated. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 21, Aug. 14, Aug. 22," 1974** . _1274 197.3 A S S E TS Gold certificate account 11,460 +1157 ? Special Drawing Rights certif. accts. 400 -- -- Cash (1,318) 208 + 5 - 104 Loans 3,113 4- 198 + 76 Acceptances—Bought outright 250 4- 35 + 204 Held under repurchase agreements 65 + 65 + 12 Federal Agency obligations—Bought outright 3,582 — +1,968 Held under repurchase agreements 337 + 337 + 313 U.S. Government securities: Bought outright—Bills 38,829 +1,247 +5,229 Certificates - Other Notes 39,582 - 199 +2,208 Bonds 3,057 + 199 - 371 Total bought outright 81,468 +1,2^7 +7,066 Held under repurchase agreements 429 + 429 - 125 Total U.S. Government securities 81,897 4-1,676 +6,941 Total loans and securities 89,244 +2,311 +9,514 Cash items in process of collection (1,711) 7,953 - 130 -1,014 Bank premises 245 -- + 35 Other assets 2J 873 - 422 + 331 TOTAL ASSETS (3,029) 110,383 ±1,764 +9,919 L I A B I L I T I E S. Federal Reserve notes (1,318) 66,318 - 255 +5,859 Deposits: Member bank-reserves account 31,711 +1,846 +3,290 U. S. Treasurer—general account 2,456 + 487 + 488 Foreign 303 4 55 + 26 Other 3/ 738 - 191 - 34 Total deposits 35,208 +2,197 +3,770 Deferred availability cash items (1,711) 5,567 - 327 - 154 Other liabilities and accrued dividends 1,193 •± 33 + 276 TOTAL LIABILITIES (3,029) 108,286 +1,648 +9,751 £ A £ I 1 AL A £ £ O U N T S. Capital paid in 881 + 55 Surplus 844 + 51 Other capital accounts 372 + 116 + 62 Contingent liability on acceptances purchased for foreign correspondents 1,171 + 40 + 653 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $127 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $91 million of certain deposits of domestic nonmember banks and foreignowned 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. ** Estimated (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 21 1974 r (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept securities obligations ances Holdings Weekly Holdings Weekly changes Changes Within 15 days 2,898 91 6,264 -4,422 365 +353 16 days to 90 days 215 163 21,093 +2,919 65 - 16 91 days to 1 year „« 61 21,741 + 313 441 .- Over 1 year to 5 years -- — 21,024 +1,057 1,719 — Over 5 years to 10 years -- — 9,893 +1,939 865 -- Over 10 years .. — 1,882 - 130 464 -- Total 3,113 315 81,897 +1,676 3,919 +337 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 21, 1974 New Phila Cleve Rich St. Minne Kansas San* Total ' Boston Atlanta Chicago Da Lias York delphia land mond Louis apolis City Francisco O n millions of dollars) A S S E TS Gold certificate account 11,460 754 2,468 708 974 1,073 462 1,677 379 271 363 626 1,705 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,318 87 300 60 51 124 216 73 40 35 41 77 214 Other cash 208 12 22 8 26 18 29 20 16 5 20 12 20 Loans 3,113 61 1,607 47 43 199 313 359 46 57 98 110 173 Acceptances: Bought outright 250 -- 250 — — -- -- — — — -- — — Held under repurchase agreements 65 -- 65 -- — -- — — -- — — — — Federal Agency obligations-- Bought outright 3,582 165 924 194 276 263 191 576 134 74 141 154 490 Held under repurchase agreements 337 -- 337 -- -- — — — -- — — — -- U.S. Government securities: Bought outright-- Bills 38,829 1 ,786 10,016 2,101 2,991 2,851 2,076 6,244 1,447 807 1,523 1 ,671 5,316 Certificates: Other -_ -- -- — -« -. -- «- .. _- -- «- — Notes 39,582 1 ,821 10,211 2,142 3,049 2,905 2,115 6,365 1,476 822 1,553 1 ,704 5,419 Bonds 3,057 141 789 165 235 224 163 492 114 63 120 132 419 Total bought outright \_j 81,468 ~~T, 748 21,016 4,408 6,275 5,980 4,354 13,101 3,037 ~~™T, 692 3,196 __ ,507 11,154 Held under repurchase agreements 429 — 429 -- »„ — -- _ — — — -. Total U.S. Government securities 81,897 ~T ,748 2U445 4,408 6,275 5,980 4,354 13,101 3,037 "Z"J L, 692 3,196 . -,507 ~11,154 Total loans and securities 89,244 3 ,974 24,628 4,649 6,594 6,442 4,858 14,036 3,217 " 1, 823 3,435 3 ,771 11,817 Cash items in process of collection 9,664 336 1,509 396 517 1,080 994 1,354 496 460 696 675 1,151 Bank premises 245 55 11 21 27 14 15 16 14 35 17 12 8 Other assets 2/ 873 37 209 51 63 59 53 119 27 24 31 36 164 TOTAL ASSETS 113,412 5,278 29,240 5,916 8,285 8,846 6,649 17,365 4,204 2 ,660 4,618 5 ,223 15,128 1/ Includes $127 million securities loaned -fully secured by U.S, Government securities pledged with Federal Reserve Banks,, 2/ Includes assets denominated in foreign currencies. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

K«4.1(c) STATEMENT OF CONDITION OF EACFi FEDERAL RESERVE BANK ON AUGUST 21, 1974 New Phila-|C leve Rich St. Minne Kansas San * Total Boston York delphi&j land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) k I k 1 Lk 11 I EL ! Federal Reserve, notes- 67,636 3,266 16,837 4,194 5,439 6,060 3,601 11,178 2,728 1,258 2,540 2,559 7,976 Deposits: Member bank reserves 31,711 i 5 407 9,4^7 959 2,021 1,286 1,904 4,310 846 774 1,178 1,799 5,780 II. S* Treasurer--general account 2,456 129 1/ 3l6 25£ 108 332 242 326 172 135 115 160 163 Foreign 303 11 -- 109 1.3 23 14 19 41 9 6 11 14 33 Other 3/ 1 738 5 587 8 1 30 22 43 3 3 7 10 19 Total deposits 1 35,208 1,552 10,459 1,238 2,153 1,662 2,187 4,720 1,030 918 1,311 1,983 5,995 Deferred availability cash items 7,278 325 1,068 319 425 920 636 964 333 411 637 523 717 Other liabilities and accril ed dividends 1.193 51 327 65 87 81 1L 17* 42 24 klx 48 17? TOTAL LIABILITIES 111,315 5,194 28,691 5,816 8,104 8,723 6,498 17,040 4,133 2,611 4,532 5,113 14,860 CAFITAL ACCOUNT Capital paid in 881 35 228 41 78 50 67 136 29 21 37 48 111 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital aceourts 372 15 106 17 79 ?6 99 ^7 13 8 14 16 4Q TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,412 5,278 _ 29^240 •5 01/; J8.^2fli-_J3J54£_ -JLM±— 17,365 -JiODk- —2».66Q _4,fiia •1,223 15,128 Contingent liability on acei eptances purchased for foreign correspondents 1J71 LR " lJ 299 57 103 66 8 V84 40 27 48 64 150 FEDERAL RESEII VE AGENTS1 ACCOUNTS F. R. notes outstanding 70,717 3,395 17,640 4,260 5,588 6,296 3,932 11,408 2,897 1,317 2,711 2,754 8,519 Collateral for F. R. notes- Gold certificate account 2,275 100 -- 300 350 720 — 700 100 — -- 5 -. U. S. Government securit]Le s 69,650 3,350 17,850 4.100 5.400 5.635 4 000 10 800 2,885 1,350 2,800 7,780 8,700 r r Total collateral ^ 71,925 3,450 17,850 4,400 5,750 6,355 4,000 11,500 2,985 1,350 2,800 2,785 8,700 \J After deducting $ 194 million participations of other Federal Reserve Banks. * Estimated (San Francisco District), V After deducting $ 872 million participations of other Federal Reserve Banks. 3/ Includes $91 million of certain deposits of domestic non-member banks and foreign-owned banking insittiu tions held with member banks and redeposited o V~ 2 .L0G £ U. V JL £ L \ r . e ? s o t £ r i a L i ? n e t 5 . e ral Re3erve Banks in connection with voluntary participation by non-member instituteo ns in the Federal Reserve System's program of Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis