H.4.1 Factors Affecting Reserve Balances of Depository Institutions

••oOfcovA-. FEDERAL RESERVE Factors Affecting Bank Reserves and •;"f^fS^--" ICondition Statement of F.R. Banks H.4.1 For immediate release September 5, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, September 4I August 281 September 5 J September 4, and related items 1974 r 1974 1973 l 1974 Reserve Bank credit: (In million's of dollars) 1/2/ U.S. Government securities-- Bought outright--System account 81,245 +181 4- 6,013 81,332 Held under repurchase agreements 186 -116 218 1,304 Federal Agency obligations-- Bought outright 3,816 4-234 4- 2,220 3,804 Held under repurchase agreements 57 -171 93 401 Acceptances-- Bought outright 277 + 7 4- 231 274 Held under repurchase agreements 37 - 78 + 16 261 Loans-- Total member bank borrowing 3,906 4-373 + 1,545 3,206 Includes seasonal borrowing of: 152 - 9 16 135 Other borrowing Float 1,890 4- 30 + 128 2,204 Other F.R. assets 1,237 4-92 4- 456 1,238 Total Reserve Bank credit 92,651 4-550 4-10,298 94,024 Gold Stock 11,567 + 1,157 11,567 Special Drawing Rights certify acct. 400 400 Treasury currency outstanding 8,965 4- 4 397 8,969 113,583 4-554 4-11,853 114,960 Currency in circulation 74,969 4-356 4- 6,470 75,416 Treasury cash holdings 305 4- 24 38 302 Treasury deposits with F.R. Banks 3,107 - 84 4- 2,012 2,785 Foreign deposits with F.R. Banks 371 4- 64 4- 100 359 Other deposits with F.R. Banks 2/ 802 4- 23 4- 15 777 Other F.R. liabilities and capital 3,502 4-112 4- 433 3,135 83,055 4-494 4- 8,991 82,774 Member bank reserves: With Federal Reserve Banks 30,528 4- 61 4- 2,861 32,186 Currency and coin 6,823 4-214 4- 476 6,823 Total reserves held 37,351 4-275 + 3,225 39,009 Required reserves 36,919 4- 26 4- 3,283 36,919 Excess reserves 432 4-249 58 2,090 NOTE: A net of $155 million of surplus reserves were eligible to be carried forward from the week ended August 28, into the week ending September 4. On September 4, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,559 million, an increase of $95 million for the week. 1/ Excludes $161 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $95 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 System1s program of credit restraint. 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 Sept. 4, Aug. 28, Sept. 5, 1974 1974 1973 A S S E TS Gold certificate account 11,460 + 1,157 Special Drawing Rights certif. accts * 400 Cash (1,264) 204 20 95 Loans 3,206 228 + 1,864 Acceptances--Bought outright 274 1 + 233 Held under repurchase agreements 261 128 + 261 Federal Agency obligations—Bought outright 3,804 222 + 2,212 Held under repurchase agreements 401 61 + 401 U.S. Government securities: Bought outright—Bills 38,693 +3,918 + 5,191 Certificates - Other Notes 39,581 1 + 2,207 Bonds 3,058 + 1 370 Total bought outright 1/2/ 81,332 +3,918 + 7,028 Held under repurchase agreements _1,304 +1,117 + 1.304 Total U.S. Government securities 82,636 +5.035 + 8.332 Total loans and securities 90,582 +5,217 +13,303 Cash items in process of collection (1,480) 8,928 +1,462 + 282 Bank premises 247 + 2 + 37 Other assets 3-/ 991 + 124 +,. 3S2 TOTAL ASSETS (2,744) 112,812 +6,785 +15,066 Federal Reserve notes "" (1,264) 66,846 + 413 + 5,916 Deposits: Member bank-reserves account 32,186 +5,117 + 6,651 U. S. Treasurer—general account 2,785 - 165 + 1,683 Foreign 359 + 35 + 75 Other Jrf 111 + 54 + 36 Total deposits 36,107 +5,041 + 8,445 Deferred availability cash items (1,480) 6,724 +1,625 + 581 Other liabilities and accrued dividends 1.298 + 82 + 408 TOTAL LIABILITIES (2,744) 110,975 +7,161 +15,350 C A P I T AL ACCOUNTS, Capital paid in — — 880 2 + 52 Surplus 844 — + 51 Other capital accounts 113 - 374 - 387 Contingent liability on acceptances purchased for foreign correspondents 1,194 + 12 + 672 * Figure in parentheses are the eliminations made in the consolidating process. 1/ Excludes $161 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $95 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. SEPTEMBER 4. 1974 (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 3,084 287 6,387 +3, 583 417 + 46 16 days to 90 days 122 178 20,795 +1, 452 120 + 21 91 days to 1 year — 70 22,655 491 + 26 Over 1 year to 5 years — — 21,024 — 1,848 +190 Over 5 years to 10 years — — 9,893 — 865 -- Over 10 years zz — 1.882 — 464 — Total 3,206 535 82,636 +5,035 4,205 +283 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 4, 1974 H.4.Ub) ... New Phila Cleve Rich St. Kansas San Total Boston York delphia land mond Atlanta Chicago Louis Minne City Dallas Francisco apolis (In millions of dollars) A S S E TS Gold certificate account 11,460 908 2,047 330 459 1,254 262 2,007 399 41 459 439 2,855 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,264 94 248 82 58 124 217 61 40 42 41 69 188 Other cash 204 13 20 9 27 17 28 22 16 5 19 11 17 Loans 3,206 25 2,027 28 87 203 205 181 32 89 103 159 67 Acceptances: Bought outright 274 — 274 — — — — — — — — — — Held under repurchase agreements 261 — 261 — — — — -- — — — — -- Federal Agency obligations-- Bought outright 3,804 I 171 963 213 298 281 203 616 141 78 148 167 525 Held under repurchase agreements 401 j -- 401 -- — -- — -- -- -- -- .- -. U.S. Government securities: Bought outright— Bills 1 38,693 1,740 9,792 2,171 3,035 2,858 2,069 6,264 1 ,437 788 1,502 1 ,701 5,336 Certificates: Other Notes 39,581 1,779 10,017 2,221 3,104 2,923 2,117 6,409 1 ,470 806 1,536 1 ,741 5,458 Bonds 3,058 137 774 171 240 226 164 495 __ 114 62 119 T 134 422 Total bought outright \j 2/ 81,332 3,656 20,583 4,563 6,379 6,007 4,350 13,168 ,021 " 1 ,"656" 3,157 ,576 11,216 Held under repurchase agreements 1,304 — 1,304 — — — — -» _„ — — — Total U.S. Government securities 82,636 3,656 21,887 4,563 6,379 6,007 4,350 13,168 3 .021 1 ,656 3,157 3 ,576 11,216 Total loans and securities 90,582 3,852 25,813 4,804 6,764 6,491 4,758 13,965 3 ,194 1 ,823 3,408 3 3 902 11,808 Cash items in process of collection 1 10.408 422 1.917 457 566 1,051 1,261 1,502 440 486 721 545 1,040 Bank premises 1 247 56 11 22 27 14 15 16 14 35 17 12 8 Other assets 3/ 991 41 248 73 73 74 56 142 36 23 39 44 142 TOTAL ASSETS 115,556 | 5,409 30,397 5,800 8,007 9,061 6,619 17,785 4 ,154 2 ,462 4,719 5 ,036 16,107 \J Excludes $161 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2./ Includes $112 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ Includes assets denominated in foreign currencies. 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 SEPTEMBER 4, 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 68,110 3,273 16,957 4,215 5,468 6,137 3,640 11,211 2,739 1,255 2,543 2,586 8,086 Deposits: Member bank reserves 32,186 1,434 9,932 859 1,631 1,407 1,698 4,751 797 578 1,116 1,597 6,386 U. S. Treasurer—generc,.i account 2,785 153 135 163 305 212 243 173 103 200 197 324 Foreign 359 14 A I7/ 1 " 1 7 0 16 29 19 24 53 11 8 14 18 43 Other 3/ 111 5 634 4 3 34 22 20 6 2 7 16 24 Total deposits 36,107 1,606 11,253 1,014 1,826 1,765 1,956 5,067 987 691 1,337 1,828 6,777 Deferred availability cash items 8,204 403 1,311 412 46G 969 821 1,036 323 447 719 472 831 Other liabilities and accn ,ec dividends 1,298 54 401 73 91 86 64 188 43 25 43 51 179 TOTAL LIABILITIES 113,719 5,336 29,922 5,714 7,845 8,957 6,481 17,502 4,092 2,418 4,642 4,937 15,873 CAPITAL ACCOUNTS Capital paid in 880 35 228 41 77 50 67 136 29 21 37 48 111 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 113 4 32 3 11 7 9 15 4 3 5 5 15 TOTAL LIABILITIES AKD CAPITAL ACCOUNTS 115,556 5,409 30,397 __5, 8GC __8»0CI..., __9,_061_ 6,619 17,785 4,154 2,462 4,719 5.036 16,107 Contingent liability on ace: eptances purchased for foreign correspondents ___.lj.194 50 2/ 292 59 106 68 88 190 41 28 50 67 155 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 70,899 3,413 17,634 4,302 5,618 6,348 3,958 11,404 2,873 1,314 2,691 2,761 8,583 Collateral for F. R. notes: Gold certificate account 2,360 100 300 330 750 700 175 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 71,935 3,450 17,850 4,400 5,730 6,385 4,000 11,500 2,985 1,350 2,800 2,785 8,700 1/ After deducting $ 249 million participations of other Federal Reserve Banks. 7/ After 'deducting $902 million participations of other Federal Reserve Banks. 3/ Includes $95 million of certain deposits of domestic non-member banks and 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 Res System s program of credit restraint erve Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis