H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•J92LSS&.:. FEDERAL RESERVE Factors Affecting Bank Reserves and •f*uSs^-- Condition Statement of F.R. Banks H.4.1 For immediate release September 12, 1974 Averages of daily figures Week-ended Change from week ended Wednesday Member bank reserves, September 4jSeptember 12,' September 11, Reser-ves Bank oredit, September 11 and related items 1974 1974 1973 1 1974 )llars} [l/^/ Reserve Bank credit: U.S. Government securities- Bought outright — System account 79,322 - 1,923 + 6,435 78,956 Held under repurchase agreements -- - 186 116 "" Special Certificates 131 "" Federal Agency obligations- Bought outright 3,804 12 + 2,222 3,804 Held under repurchase agreements -- 57 7 1 Acceptances- Bought outright 269 8 4- 229 263 Held under repurchase agreements — 37 3 — Loans- Total member bank borrowing 3,085 _ 821 + 1,598 2,454 Includes seasonal borrowing of: 132 - 20 13 130 Other borrowing Float 2,836 + 1,042 - 591 3,062 Other F.R. assets 1,277 + 40 + 443 1,316 Total Reserve Bank credit 90,593 - 1,962 +10,079 89,855 Gold stock 11,567 -- + 1,157 11,567 Special Drawing Rights certif. acct. 400 — -- 400 Treasury currency outstanding 8,971 + 6 + 397 8,974 111,531 - 1,956 +11,633 110,796 Currency in circulation 75,415 + 446 + 6,460 75,771 Treasury cash holdings 297 - 8 43 302 Treasury deposits with F.P Banks 1,858 1,249 + 1,856 1,287 Foreign deposits with F.R. Banks 362 9 + 26 305 Other deposits with F.R. Banks 3/ 732 - 70 26 739 Other F.R. liabilities and capital 3,124 » 378 + 463 3,167 81,789 - 1,266 + 8,737 81,571 Memb er bank reserves: With Federal Reserve Banks 29,742 . 690 +2,896 29,225 Currency and coin 7,066 + 243 + 475 7,066 Total reserves held 36,808 - 447 + 3,259 | 36,291 Required reserves 36,632 - 287 + 3,227 36,632 Excess reserves 176 - 160 + 32 341 NOTE A net of $144 million of surplus reserves were eligible to be carried forward from the week ended September 4, into the week ending September 11. On September 11, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,538 million, a decrease of $21 million for the week. 1/ Excludes $1,712 million of securities sold, and scheduled to be bought back, """ under matched sale-purchase transactions. 2/ Includes $111 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 "~ 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 System1s program of credit restraint. . N * Estimated (Cleveland, Richmond, Kansas City and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

:QNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Sept. 11,' Sept. 4, Sept. 12, 1974 1974 1973 A S S E TS Gold certificate account 11,460 -- +1,157 Special Drawing Rights cert if. accts. °k 400 — -- Cash (1,252) 208 + 4 91 Loans 2,454 - 752 +1,176 Acceptances — Bought outright 263 11 + 225 Held under repurchase agreements _« - 261 — Federal Agency obligations—Bought outright 3,804 +2,237 Held under repurchase agreements 401 U.S. Government securities; Bough t out r ight--Bills 36,317 -2,376 +3,848 Certificates - Special ~- -- - 169 Other ... Notes 39,581 +2,207 Bonds 3,058 -- - 370 Total bought outright 1/ 2/ 78,956 -2,376 +5,516 Held under repurchase agreements — -1,304 Total U.S. Government securities 78,956 -3,680 +5,516 Total loans and securities 85,477 -5,105 +9,154 Cash items in process of collection (1,464) 8,553 - 375 -1,398 Bank premises 244 3 + 34 Other assets V 1,072 + 81 + 417 TOTAL ASSETS (2,716) 107,414 -5,398 +9,273 k I A B I L I. T I E £ Federal Reserve notes (1,252) 67,200 + 354 +6,167 Deposits: Member bank-reserves account 29,225 -2,961 +1,856 U. S. Treasurer—general account 1,287 -1,498 +1,285 Foreign 305 - 54 + 28 Other 4/ 739 - 38 37 Total deposits 31,556 -4,551 +3,132 Deferred availability cash items (1,464) 5,491 -1,233 - 506 Other liabilities and accrued dividends 1,223 75 + 348 TOTAL LIABILITIES (2,716) 105,470 -5,505 +9,141 C A P I T AL A C C O U N TS Capital paid in 882 2 + 54 Surplus 844 -. + 51 Other capital accounts 218 + 105 + 27 Contingent liability on acceptances purchased for foreign correspondents 1,304 + 110 + 770 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Excludes $1,712 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $111 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $'*e. million of certain deposits of domestic nonmember banks and foreign-owned banking i r,>i* t ist i ons held with member banks and redeposited in full with Federal Reserve Bas-k.- J - connection with voluntary participation by nonmember institutions in the Fedi re/: P<.-.serws System's program of credit restraint. ** Estimated < \ - • %> 1" i,Richmond,Kansas City, and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 11, 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 2,381 29 5,661 - 726 .„ -417 16 days to 90 days 73 186 18,170 -2,625 180 + 60 91 days to I year 48 22,326 - 329 527 + 36 Over 1 year to 5 years 21,024 — 1,781 - 67 Over 5 years to 10 years 9,893 -- 852 - 13 Over 10 years 1,882 — 464 — Total 2,454 263 78,956 -3,680 3,804 -401 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H. 4.l^b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 11, 1974 New Phila * Cleve * Rich St. Minne- * Kansas San * Total Boston York delphia land mond Atlanta Chicago Louis apol is City Dal ias Francisco (In millions of dollars) A S S E TS Gold certificate account 11,460 723 4,495 529 861 1,124 562 895 294 112 250 273 1,342 Special Drawing Rights certif, acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,252 91 250 83 49 129 207 68 37 40 43 70 185 Other cash 208 13 20 10 26 18 29 21 15 6 22 11 17 Loans 2,454 18 1,561 49 46 105 193 167 15 71 63 124 42 Acceptances: Bought outright 263 -- 263 — — -- -- — — — — — -- Held under repurchase agreements -- — -- — — -- -- -- « -- — -- — Federal Agency obligations-- Bought outright 3,804 171 963 213 298 281 203 616 141 78 148 167 525 Held under repurchase agreements — — -_ ~- — -- — -- -- -- — »„ -- U.S. Government securities; Bought outright-- Bills 36,317 1,633 9,191 2,037 2,848 2,683 1,942 5,880 1,348 740 1,410 1, 597 5,008 Certificates: Other Notes j 39,581 1,779 10,017 2,221 3,104 2,923 2,117 6,409 1,470 806 1,536 ,741 5,458 Bonds 3,058 137 774 171 240 226 164 495 114 62 119 134 422 Total bought outright 1/ 2/ 78,956 3,549 19,982 4,429 6,192 " 5,832 4,223 12,784 2,932 —_ ,608 3,065 _ ,472 10,888 Held under repurchase agreements -- -« -- — — -. „- .- .- -- znmn -- zi Total U.S. Government securities 78,956 3,549 19,982 4,429 6,192 5,832 4,223 12,784 2^932 ~T 7608""" ""XODT" _ ^472~ Total loans and securities 85,477 3,738 22,769 4,691 6,536 6,218 4,619 13,567 3,088 i ,757 3,276 3 ,763 11,455 Cash items in process of collection 10,017 331 1,577 361 476 1,340 1,041 1,532 497 456 731 635 1,040 Bank premises 244 56 11 22 24 14 15 16 14 35 17 12 8 Other assets 3/ 1,072 44 272 67 77 78 64 151 34 24 41 61 159 TOTAL ASSETS 110,130 5,019 29,487 5,786 8,082 8,957 6,559 16,320 3,994 2 ,437 4,395 4 ,839 14 255 a 1/ Excludes $1,721 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2/ Includes $111 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (CLEVELAND, RICHMOND, KANSAS CTTY 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 SEPTEMBER 11, 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 68,452 3,288 16,944 4,230 5,561 6,268 3,660 11,229 2,747 1,262 2,553 2,599 8,111 Deposits: Member bank reserves 29,225 1,204 9,893 977 1,806 1,198 2,023 3,583 793 635 958 1,500 4,655 U. S. Treasurer--general account 1,287 69 185 94 119 132 89 83 62 63 71 86 234 Foreign 305 12 1/ 85 14 26 17 22 46 10 7 12 16 38 Other 3/ 739 6 585 6 3 38 22 25 4 3 7 15 25 To tal__dej>q_s i ts^ 31,556 1,291 10,748 1,091 1,954 1,385 2,156 3,737 869 708 1,048 1,617 4,952 Deferred availability cash items 6,955 310 993 303 309 1,110 525 872 271 397 670 469 726 Other liabilities and accrued dividends 1,223 52 296 70 88 - 83 73 181 42 24 44 50 220 TOTAL LIABILITIES 108,186 4,941 28,981 5,694 7,912 8,846 6,414 16,019 3,929 2,391 4,315 4,735 14,009 CAPITAL ACCOUNTS Capital paid in 882 35 228 41 78 50 68 136 29 21 37 48 111 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 218 9 63 9 18 14 15 33 7 5 8 10 27 TOTAL LIABILITIES AND CAPITAL ACCOUNTS UO, 130 5,019 29,487 5,786 8,082 8 3 957 6,559 16,320 3,994 2,437 4.395 4,839 14,255 Contingent liability on ac< :eptances purchased for fore:L gn correspondents 1,304 53 -V 333 64 115 73 95 205 44 30 53 72 167 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,071 3,410 17,661 4,292 5,655 6,394 3,981 11,415 2,887 1,320 2,703 2,765 8,588 Collateral for F. R. notes: Gold certificate account 2,360 100 300 330 750 700 175 5 U. S. Government securities 69,790 3,350 17,850 4,100 5,400 5,695 4,050 10,800 2,810 1,430 2,800 2,805 8,700 Total collateral 72,150 3,450 17,850 4,400 5,730 6,445 4,050 11,500 2,985 1,430 2,800 2,810 8,700 1/ After deducting $220 million participations of other Federal Reserve Banks, ^Estimated (Cleveland, Richmond, Kansas City and San Francisco Districts) 2/ After deducting $971 million participations of other Federal Reserve Banks. 1/ 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 Reserve System s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis