H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•:o <£££&/. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of RR. Banks H.4.1 For immediate release August 29, 1974 Averages of daily figures Member bank reserves. Week en^ed Chan ge from week ended Wednesday Reserve Bank credit, August 28, Aug. 21, Aug. 29, Aug. 28,* and related items 1974 * 1974 1973 1974 Reserve Bank credit: (In millions of dollars) 1/ 1/ U.S. Government securities*-- Bought outright~~System account 81,064 - 74 + 6,132 77,414 Held under repurchase agreements 302 -133 + 60 | 187 Federal Agency obligations- Bought outright j, 58.C, «- + 1,975 3,582 Held under repurchase agreements 228 - 11 + 170 340 Acceptances-- Bought outright 270 + 36 + 222 275 Held under repurchase agreements 115 + 37 + 83 133 Loans-- Total member bank borrowing 3,533 + 96 + 975 3,434 Includes seasonal borrowing of: 161 - 5 - 24 157 Other borrowing Float 1,927 48 „ 119 2,380 Other F.R. assets 1,1*5 +23 i + 397 1,103 Total Reserve Bank credlt 92,167 +134 + 9,895 88,848 Gold Stock 11,567 -. + 1,157 11,567 Special Drawing Rights certif, acct. 400 -» -- 400 Treasury currency outstanding 8,961 + 6 + 407 8,964 113,095 +140 +11,459 109,779 Currency in circulation 74.616 -256 _|,6 ,408 74,996 Treasury cash holdings 281 + 2 - 64 i 306 Treasury deposits with F.R, Banks 3,191 +744 JL 1,542 2,950 Foreign deposits with F.R. Banks 307 -121 -JL 21 324 Other deposits with F.R. Banks 3/ 778 - 55 ~ 4 719 Other F.R. 1i ahi1-?11es and zapi ta1 3,391 +129 + 447 3,434 82,565 +444 + 8,352 82,729 Member bank reserves: With Federal Reserve Banks 30,529 -305 + 3,105 27,049 Currency and coin 6,609 +256 + 348 6,609 Total reserves held 37,138 - 49 + 3,341 33,658 Required reserves 36,893 - 31 + 3,219 1 36,893 Excess reserves 245 - 18 + 122 -3,235 NOTE: A net of $165 million of surplus reserves were eligible to be carried forward from the week ended August 21, into the wee1? ending August 28. On August 28, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,464 million, a decrease of $257 million for the week. J7 Excludes $4,596 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $93 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 (New York,Philadelphia,Cleveland,Richmond,Dallas and San Francisco Districts) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CQNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 28, |Aug. 21, Aug. 29, 1974 ** 1974 1973 A S S E TS Gold certificate account 11,460 — +1,157 Special Drawing Rights certif. accts. 400 — — Cash (1,321) 224 + 16 83 Loans 3,434 + 321 - 33 Acceptances — Bought outright 275 + 25 + 229 Held under repurchase agreements 133 + 68 + 133 Federal Agency obligations—Bought outright 3,582 — +1,985 Held under repurchase agreements 340 + 3 + 340 U.S. Government securities: Bought outright—Bills 34,775 -4,054 +1,208 Certificates - Other Notes 39,582 — +2,208 Bonds 3,057 — - 371 Total bought outright 1/ 2/ 77,414 -4,054 +3,045 Held under repurchase agreements 187 - 242 + 187 Total U.S. Government securities 77.601 -4.296 +3,232 Total loans and securities 85,365 -3,879 +5,886 Cash items in process of collection (1,763) 7,789 - 164 - 102 Bank premises 245 .. + 35 Other assets %J 858 15 + 271 TOTAL ASSETS (3,084) 106,341 "4,042 +7,164 t i A l It I T I E S Federal Reserve notes (1,321) 66,456 + 138 +6,023 Deposits: Member bank-reserves account 27,049 -4,662 - 741 U. S. Treasurer—general account 2,950 + 494 +1,519 Foreign 324 + 21 + 67 Other 4/ 719 J= L9L. V Total deposits 31,042 -4,166 + 824 Deferred availability cash items (1,763) 5,409 - 158 35 Other liabilities and accrued dividends 1,220 + 27 + 162 TOTAL LIABILITIES (3,084) 104,127 -4,159 +6,974 £ A £ I 1 £L A C C O U N TS Capital paid in 882 + 1 + 55 Surplus 844 — + 51 Other capital accounts 488 + 116 + 84 Contingent liability on acceptances purchased for foreign correspondents 1,182 + 11 + 664 * Figures in parentheses are the eliminations made in the consolidating process. \J Excludes $4,596 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. .3/ Includes assets denominated in foreign currencies. 4-/ Includes $93 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 (New York, Philadelphia, Cleveland, Richmond, Dallas, and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 28, 1974 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) .S. Government Federal Agency Loans Accept secu1riti es* obligations ances Holdings Weekly Holdings Weekly changes Changes Within 15 days 3,400 156 2,804 -3,460 371 + 6 16 days to 90 days 34 178 19,343 -1,750 99 +34 91 days to 1 year 74 22,655 + 914 465 +24 Over 1 year to 5 years 21,024 1,658 -61 Over 5 years to 10 years 9,893 865 Over 10 years -- 1,882 ~ 464 Total 3,434 408 77,601 -4,296 3,922 + 3 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 28, 1974 * New * Phila-* * Cleve * Rich St. Min ne- Kansas San * Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,460 632 2,109 914 1,370 1,049 515 1,780 483 246 426 537 1,399 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,321 96 317 63 48 122 197 72 43 42 39 75 207 224 13 20 11 25 18 23 21 16 26 19 12 20 Loans 3,434 62 1,628 98 60 366 289 261 50 107 108 140 265 Acceptances: Bought outright 275 — 275 — — — — — — — — — — Held under repurchase agreements 133 -- 133 — -« — — -- — « — — -- Federal Agency obligations- Bought outright 3,582 165 924 194 276 263 191 576 134 74 141 154 499 Held under repurchase agreements 340 — 340 — — .. — -- — — — — -- U.S. Government securities: Bought outright— Bills 34,775 1,600 8,970 1,882 2,678 2,553 1,859 5,592 1,296 723 1,364 1,497 4,761 Certificates: Other 1 -- — — — — .. -- — — — .. -- 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 1/ 1) 77,414 3,562 19,970 4,189 5,962 5,682 4,137 12,449 2,886 ~T ,608 3,037 3,333 10,599 Held under repurchase agreements 187 -- 187 — — — — — — ... — — -« Total U.S. Government securities 77,601 3,562 20,157 4,189 5,962 5,682 4,137 12,449 ~" 2 % 886~~_ . °^MZ """JToiT"™ ^ _ ^. iX\599 Total loans and securities 85,365 3,789 23,457 4,481 6,298 6,311 4,617 13,286 3,070 1 ,789 3,286 3,627 11,35'* Cash icems in process of collection ! 9,552 375 1,338 395 484 1,141 967 1,356 438 436 717 790 i,li - Bank premises | 245 55 11 21 27 14 15 16 14 35 17 12 8 Other assets 3/ ! 858 36 212 48 65 59 47 124 28 24 31 37 ! ' ~* TOTAL ASSETS 109,425 5,019 27,557 5,956 8.350 8,750 6,403 16,725 4,107 2 ,605 /. c en 5 104 1^,299 s 1/ Excludes $4,596 million of securities soI d, and scheduled to be bought back, under matched sale-purchase transactions. 27 Includes $150 million securities loaned -fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign cu rrencies. * Estimated (New York, Philadelphia, Clevel and, Richmond, Dallas and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 28, 1974 * * San * New Phila Cleve-* Rich* St. Minne Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) Federal Reserve notes 67,777 3,260 16,875 4,185 5,439 6,096 3,669 11,160 2,723 1,274 2,533 2,562 8,001 Deposits: Member bank reserves 27,049 1,009 7,136 1,004 1,971 1,244 1,897 3,716 782 774 1,124 1,453 4,939 U. S. Treasurer--general account 2,950 211 , 908 248 265 166 131 288 161 68 133 242 129 Foreign 324 12- 111 14 25 16 21 45 10 6 12 16 36 Other 1/ r 719 9 594 8 2 25 21 15 4 3 6. 1.1 21 Total deposits 31,042 1,241 8,749 1,274 2,263 1,451 i ?70 4,064 957 851 1,275 1,722 5,125 Deferred availability cash items 7,172 376 1,018 321 369 988 M 973 309 403 608 657 709 Other liabilities and accrued dividends :. 220 54 329 71 92 85 62 184 43 26 45 50 179 TOTAL LIABILITIES 107,211 4,931 26,971 5,851 8,163 8,620 6,242 16,381 4,032 2,554 4,461 4,991 14,014 CAPITAL ACCOUNTS Capital paid in 882 35 228 41 78 50 67 137 29 21 37 48 111 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 488 19 143 22 35 33 32 75 17 10 17 19 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 109,425 5,019 27,557 5,956 8,350 8^750 _t,403 _ _JL6,7_25_ 4,107^ 2^605 _4 ?= 550__ 5,104 14,299 Contingent liability on ace. eptances purchased for forei- gn 3/ correspondents 1,182 49 301 58 104 66 6 186 40 27 49 65 151 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 70 813 3 388 17,763 4 ,270 5 ,595 6.315 3,945 11 396 2 ,883 1,314 697 2 741 8 506 Collateral for F. R. notes: Gold certificate account 2 380 100 300 350 750 700 175 5 U, S. Government securities 69 ,575 3 350 17.850 4 100 5 400 5,635 4,000 10 800 2 810 1,350 2 800 2 780 8 700 Total collateral 71 955 3 450 17,850 4 400 5 ,750 6,385 4,000 11, 500 2 ,985 1,350 2 800 2 785 8,7 00 I 1/ After deducting $213 million participations of other Federal Reserve Banks* 7/ After deducting $881 million participations of other Federal Reserve Banks. 3/ Includes $93 million of certain deposits of domestic non-member banks and foreign-owned banking institutions held with member banks and redepositea in full with Federal Reserve Banks in connection with voluntary participation bv non-member institutions in the Federal Reserve System's program of credit restraint. * Estimated (New York, Philadelphia, Cleveland, Richmond, Dallas, and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis