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 26, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept., 25, Sept. 18, Sept. 26, Sept. 25, and related items 1974 1 1974 1973 1974 Reserve Bank credit: (In millions of dollars) ~ 1/2/ U.S. Government securities-- Bought outright--System account 80,753 4- 1,335 + 6,033 80,170 Held under repurchase agreements 260 - 174 + 90 ; 483 Federal Agency obligations-- Bought outright 3,863 + 59 + 2,296' 4,011 Held under repurchase agreements 106 - 29 + 64 223 Acceptances-- Bought outright 286 4* 35 + 249 300 Held under repurchase agreements 102 •f 47 + 78 190 Loans-- Total member bank borrowing 3,531 •f- 610 + 1,341 5,192 Includes seasonal borrowing of: 141 ¥ 7 - 9 150 Other borrowing — ... -- -- Float 2,191 - 369 - 378 2,517 Other F.R. assets 1,413 ¥_ 90 + 471 1,403 Total Reserve Bank credit $i,*o6 " • h- 1,605 •¥ 10,245 94,489 Gold Stock 11,567 — + 1,157 11,567 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 9,016 ¥ 42 + 424 9,032 113,488 "¥ 1,646 + 11,825 115,488 Currency in circulation 74,890 «. 412 + 6,547 74,972 Treasury cash holdings 304 ¥ 6 - 51 318 Treasury deposits with F.R. Banks 3,148 ¥ 1,710 + 1,822 3,347 Foreign deposits with F.R. Banks 612 ¥ 87 + 239 611 Other deposits with F.R. Banks 3/ 904 ¥ 153 + 158 1 711 Other F.R. liabilities and capiTal 3,450 ¥ 195 + 575 3,477 83,308 "¥ 1,740 + 9,290 " 83,436 Member bank reserves: With Federal Reserve Banks 30,181 93 + 2,536 32,052 Currency and coin 6,784 61 + 398 6,784 Total reserves held 36,965 154 + 2,822 38,836 Required reserves 36,884 126 + 2,825 1 36,884 Excess reserves 81 28 - 3 1,952 NOTE: A net of $ 55 million of surplus reserves were eligible to be carried forward from the week ended September 18, into the week ending September 25. On September 25, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,525 million, a decrease of $ 399 million for the week. 1/ Excludes $ 972 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 147 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $ 81 million of certain deposits of domestic nonvmember 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

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Sept. 25, Sept. 18, Sept. 26, 1974 1974 1973 A S S E TS Gold certificate account 11,460 -- +1,157 Special Drawing Rights certif. accts. * 400 — -- Cash (1,520) 228 + 11 77 Loans 5,192 +2,070 + 671 Acceptances—Bought outright 300 + 25 + 262 Held under repurchase agreements 190 •+ 190 + 171 Federal Agency obligations—Bought outright 4,011 + 207 +2,444 Held under repurchase agreements 223 + 223 + 115 U.S. Government securities: Bought outright—Bills 37,354 +1,612 +3,377 Certificates - Other Notes 39,719 + 138 +2,345 Bonds 3,097 + 39 - 331 Total bought outright 1/ 2/ 80,170 +1,789 +5,391 Held under repurchase agreements 483 + 483 - 32 Total U.S. Government securities 80,653 +2,272 +5,359 Total loans and securities 90,569 +4,987 +9,022 Cash items in process of collection (1,840) 8,163 -1,365 - 716 Bank premises 248 -- + 36 Other assets 3/ 1.155 + 69 + 371 TOTAL ASSETS (3,360) JT2t2'23 +3,702 +9,793 t l iJ IL I T I iS Federal Reserve notes (1,520) 66,379 - 323 +5,952 Deposits: Member bank-reserves account 32,052 +3,175 +1,091 U. S. Treasurer—general account 3,347 + 844 +2,222 Foreign 611 + 284 + 152 Other 4/ 711 - 47 + 41 Total deposits 36,721 +4,256 +3,506 Deferred availability cash items (1,840) 5,646 - 449 - 197 Other liabilities and accrued dividends 1,289 + 94 + 340 TOTAL LIABILITIES (3,360) 110,035 +3,578 +9,601 £ A L 11 A L. A £ £ M l i li Capital paid in 886 + 1 + 57 Surplus 844 — + 51 Other capital accounts 458 + 123 + 84 Contingent liability on acceptances purchased for foreign correspondents • 1,388 + 27 + 842 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $972 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. .2/ Includes $147 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $81 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, SEPTEMBER 25 1Q74 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 I changes Changes Within 15 days 5,160 201 4,820 + 571 248 +223 16 days to 90 days 32 236 19,894 + 652 155 -- 91 days to 1 year -- 53 22,985 + 894 577 + 50 Over 1 year to 5 years -- -- 21,089 + 65 1,894 +113 Over 5 years to 10 years — — 9,946 + 53 872 + 20 Over 10 years — 1,919 + 37 488 + 24 Total 5,192 490 80,653 +2,272 4,234 +430 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 25, 1974 New Phila Cleve Rich St. Minne 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 11,460 895 1,016 521 1,381 1,261 411 1,727 550 59 446 554 2,639 Special Drawing Rights certif* acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,520 114 299 103 62 156 211 113 45 46 42 89 240 Other cash 228 15 21 13 29 17 32 21 18 7 19 13 23 Loans 5,192 152 3,122 139 259 238 389 223 72 48 169 133 248 Acceptances: Bought outright 300 -- 300 — -- — — -- -- — — — -- Held under repurchase agreements 190 -- 190 -- -- — -- -- — — -- -- Federal Agency obligations-- Bought outright 4,011 180 1,015 225 315 296 215 649 149 82 156 176 553 Held under repurchase agreements 223 -- 223 — — — — -- -_ — -- — — U.S. Government securities: Bought outright-- Bills 37,354 1,679 9,453 2,096 2,929 2,759 1,998 6,048 1,387 761 1,450 1,643 5,151 Certificates: Other "~ -- -- -« -_ — • - -. -» — -- -. ._ Notes 1 39,719 1,786 10,052 2,228 3,115 2,933 2,124 6,431 1,475 809 1,542 1,747 5,477 Bonds 3,097 139 784 174 243 229 166 501 115 63 120 136 427 Total bought outright _L/ 2/ i 80,170 3,604 20,289 4,498 6,287 5,921 4,288 12,980 2,977 T, 633 3,112 3,526 11,055 Held under repurchase agreements 483 _- 483 — — — — — -- — -• -- Total U.S. Government securities 1 80,653 3,604 20,772 4,498 6,287 5,921 4,288 12,980 2,977 ™T .633 ~ 3,112 "~" 3.526~ ""TITOST"- Total loans and securities [ 90,569 3,936 25,622 4,862 6,861 6,455 4,892 13,852 3,198 1 ,763 3,437 3,835 11,856 Cash items in process of collection , 10,003 405 1,545 415 535 936 948 1,397 477 703 788 6.58 1,196 Bank premises 248 57 11 24 27 14 14 16 14 34 17 12 8 Other assets 3/ 1,155 49 288 70 96 78 68 169 39 28 43 50 177 TOTAL ASSETS 115,583 5,494 28,895 6,031 9,024 8,953 6,598 17,365 4,356 2 ,647 4,807 5,225 16,188 1/ Excludes $972 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $147 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 25, 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 67,899 3,261 16,904 4,189 5,555 6,152 3,609 11,150 2,723 1,256 2,517 2,576 8,007 Deposits: Member bank reserves 32,052 1,319 8,870 1,045 2,368 1,352 1,857 4,267 882 754 1,206 1,683 6,449 U. S. Treasurer—general account 3,347 331 476 219 336 255 198 236 276 138 233 249 400 Foreign 611 25 1/ 156 30 54 34 44 96 21 14 25 34 78 Other 3/ 711 4 571 10 2 26 23 28 3 3 7 10 24 Total deposits 36,721 1,679 10,073 1,304 2,760 1,667 2,122 4,627 1,182 yu* i,4/i 1,976 9;93i - Deferred availability cash items 7,486 412 1,001 361 424 916 642 1,056 333 405 683 506 747 Other liabilities and accrued 1,289 55 344 72 97 89 68 193 44 27 46 53 201 dividends TOTAL LIABILITIES 118,395 5,407 28,322 5,926 8,836 8,824 6,441 17,026 4,282 2,597 4,717 5,111 15,906 CAPITAL ACCOUNTS Capital paid in 886 35 231 41 78 50 68 137 29 21 37 48 111 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 458 18 127 22 36 32 27 70 16 9 18 20 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 115,583i 5,494 28,895 6,031 9,024 8,953 6,598 17,365 4,356 2,647 4,807 5,225 16,188 Contingent liability on acer eptances purchased for foreign correspondents 1,388 57 2/ 354 68 122 78 101 218 47 32 57 76 178 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,406 17,715 4,286 5,739 6,390 3,992 11,362 2,913 1,312 2,697 2,768 8,601 Collateral for F. R. notes: Gold certificate account 100 — 300 330 750 — 700 175 — — 5 U. S. Government securities 3,350 17,850 4,100 5,600 5,695 4.Q5Q 1Q.8Q0 2,810 1,430 2*£QQ 2,§05 8,900 Total collateral 3,450 17,850 4,400 5,930 6,445 4,050 11,500 2,985 1,430 2,800 2,810 8,800 1/ After deducting $ 445 million participations of other Federal Reserve Banks. J/ After deducting $ 1034 million participations of other Federal Reserve Banks. 3/ Includes $ 81 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