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 September 19, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Reserve Bank credit, Sept. 18,* Sept. 11,Eept. 19, 1974 * and related items 1974 1974 [1973 Reserve Bank credit: (In millions of dollars) 1/ 2/ U.S. Government securities- Bought outright—System account 79,418 + 96 + 6,037 78,381 Held under repurchase agreements 434 + 434 434 Special Certificates 137 Federal Agency obligations- Bought outright 3,804 + 2,237 3,804 Held under repurchase agreements 135 135 + 135 Acceptances-- Bought outright 251 18 + 214 275 Held under repurchase agreements 55 55 + 55 Loans-- Total member bank borrowing 2,921 164 1,215 3,122 Includes seasonal borrowing of: 134 2 5 133 Other borrowing Float 2,605 - 165 1,207 3,439 Other F.R. assets 1,323 + 33 422 1,334 Total Reserve Bank credit 90,946 + 406 + 9,405 90,355 Gold Stock 11,567 + 1,157 11,567 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 8,974 + 388 8,974 111,887 409 + 10,950 111,296 Currency in circulation 75,303 96 + 6,587 75,262 Treasury cash holdings ** 298 1 45 310 Treasury deposits with F.R. Banks 1,438 420 + 1,084 2,503 Foreign deposits with F.R. Banks 525 + 163 + 161 327 Other deposits with F.R. Banks 3/ 751 + 19 108 758 Other F.R. liabilities and capital 3,255 + 129 + 496 3,259 81,569 205 + 8,173 82,419 Member bank reserves: With Federal Reserve Banks 30,318 615 + 2,776 28,877 Currency and coin 6,845 221 + 641 6,845 Total reserves held 37,163 + 394 + 3,305 35,722 Required reserves 37,010 + 378 + 3,301 37,010 Excess reserves 153 + 16 + 4 -1,288 NOTE A net of $102 million of surplus reserves were eligible to be carried forward from the week ended September 11, into the week ending September 18. On September 18, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,924 million, an increase of $386 million for the week. 1/ Excludes $2,426 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $144 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $107 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 (Cleveland District). ** Estimated. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CpNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday. Change since Sept. 18,** Sept. 11, Sept. 19, 1974 1974 1Q7T A S S E TS Gold certificate account 11,460 +1,157 Special Drawing Rights certif. accts. * 400 — -- Cash (1,432) 217 + 10 - 86 Loans 3,122 + 668 + 836 Acceptances—Bought outright 275 + 12 + 239 Held under repurchase agreements Federal Agency obligations--Bought outright 3,804 +2,237 Held under repurchase agreements U.S. Government securities: Bought outright--Bills 35,742 575 +3,291 Certificates - Other Notes 39,581 — +2,207 Bonds 3,058 — - 370 Total bought outright 1/2/ 78,381 - 575 +5,128 Held under repurchase agreements — . — — Total U.S. Government securities 78,381 - 575 +5,128 Total loans and securities 85,582 + 105 +8,440 Cash items in process of collection (2,072) 9,382 +1 ,056 -1,560 Bank premises 248 + 2 + 38 Other assets \J 1.086 - 74 + 346 TOTAL ASSETS (3,504) l0o\375 +r, ow +02T Federal Reserve notes (1*432) 66,708 375 +6,086 Deposits: Member bank-reserves account 28,877 - 348 +1,241 U. S. Treasurer—general account 2,503 +i ,216 +1,398 Foreign 327 + 22 - 84 Other 4/ 758 + 19 - 252 Total deposits 32,465 + 909 +2,303 Deferred availability cash items (2,072) 5,943 + 487 - 527 Other liabilities and accrued dividends 1,195 - 38 + 308 TOTAL LIABILITIES (3,504) 106,311 + 983 +8,170 £ A L 11 A h. A £ £ 2 £ H 1£ 885 + 3 + 57 Capital paid in 844 — + 51 Surplus 335 + 113 + 57 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 1,361 + 57 + 810 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Excludes $2,426 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $144 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $107 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 System's program of credit restraint. ** Estimated (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 18. 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 3,088 30 4,249 -1,412 25 +25 16 days to 90 days 34 192 19,242 +1,072 155 -25 91 days to 1 year -- 53 22,091 - 235 527 -- Over 1 year to 5 years -- — 21,024 -~ 1,781 -- Over 5 years to 10 years — — 9,893 — 852 -- Over 10 years — — 1,882 — 464 — Total 3,122 275 78,381 - 575 3,804 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 SEPTEMBER 18, 1974 1 • r New Phila * Cleve Rich SL Mmne- .i Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco 0 n millions of dollars) A S S E TS Gold certificate account [ 11,460 568 1,678 735 1,197 1,346 570 1,910 463 227 411 600 1,755 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,432 102 276 83 63 147 214 121 43 42 43 83 215 Other cash 217 14 21 11 27 17 30 21 17 L 19 12 22 Loans 3,122 19 1,819 23 14 220 311 178 79 88 132 149 90 Acceptances: Bought outright 275 _.. 275 — _- — -- — -- __ — — -- 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 35,742 1,607 9,045 2,005 2,803 2,640 1,912 5.787 1 ,327 728 1,387 1 ,572 4,929 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 62 119 134 422 Total bought outright 1/ 2/ 78,381 3,523 19,836 4,397 6,147 5,789 4,193 12,691 j .91? 1,596 3,042 ~T ,447 10,809 Held under repurchase agreements — — -- — — — ._ — — -- -- ... — Total U.S. Government securities 1 78,381 3,523 19,836 4,397 6,147 5,789 4,193 12,691 2 ,911 1,596 3,042 ~~T, 447 10,809 Total loans and securities 85,582 3,713 22,893 4,633 6,459 6,290 4,707 13,485 3 ,131 1,762 3,322 3 ,763 11,424 Cash items in process of collection i 11,454 477 1,693 420 485 1,171 1,098 1,566 534 502 882 751 1,875 Bank premises 248 56 11 23 27 14 15 16 14 35 17 12 8 Other assets 3/ 1 1,086 47 263 66 80 77 75 160 36 24 41 49 168 TOTAL ASSETS 111,879 | 5,000 26,928 5,994 8,371 9,098 6,731 17,349 4 ,253 2,605 4,750 5 ,284 15,516 1/ Excludes $2,426 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions,, 2/ Includes $144 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks* 3/ Includes assets denominated in foreign currencies. * Estimated (Cleveland District), 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 18, 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) LIABILITIES. Federal Reserve notes 68,140 3,276 16,933 4,195 5,578 6,141 3,632 11,205 :2 ,735 1,259 2,534 2,591 8,061 Deposits: Member bank reserves 28,877 975 6,544 1,157 2,083 1,535 2,023 4,123 891 739 1,227 1,750 5,830 U. S. Treasurer—general account 2,503 165 748 100 145 111 138 396 129 78 67 224 202 Foreign 327 12 1/ 115 14 25 16 21 45 10 6 12 15 36 Other 3/ 758 4 636 6 2 29 22 19 2 3 6 10 19 Total deposits 32,465 1,156 '8,043 1,277 2,255 1L ,691 2,204 4,583 1L ,032 826 1,312 1,999 6,087 Deferred availability cash items 8,015 434 1,113 353 268 L,063 677 1,059 375 447 774 535 917 Other liabilities and accrued 1,195 52 299 71 92 83 67 183 42 25 45 50 186 dividends TOTAL LIABILITIES 109,815 4,918 26,388 5,896 8,193 8,S78 6,580 ]L 7,030 4,184 2,557 4,665 5,175 ]L 5,251 CAPITAL ACCOUNTS Capital paid in 885 35 231 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 335 13 94 15 26 23 ?1 si n 7 13 15 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 111*8.97 JLQQft... 2<?.9.22. 5.. 994 8.371 9.098 £jaL_j LZ»349 4.253 2,6Q5 4,7?0 5.284 15.516 Contingent liability on accept ances purchased for foreign correspondents 1,361 56 2/ 347 67 120 76 99 214 46 31 56 75 174 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,229 3,412 17,702 4,301 5,729 (3 ,391 3,996 ]L I,412 2,908 1,316 2,698 2,776 8,588 Collateral for F. R. notes: Gold certificate account 2,360 100 300 330 750 700 175 5 U. S. Government securities A inn «^fioo «^ 6QS £ a oso 1 Z^o 7 1 ROO ^aos 8,700 Total collateral 72^350 3,450 17,850 4,400 5,930 (5 ,445 4,050 LI,500 :> ,985 1,430 2,800 2,810 8,700 1/ After deducting $ 212 million participations of other Federal Reserve Banks. * Estimated (Cleveland District). X/ After deducting $.1,014. million participations of other Federal Reserve Banks. 3/ Includes $ 107 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