H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and "f«utts?:- Condition Statement of F.R. Banks H.4.1 For immediate release October 3, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 2, Septembet'25, October 3, October 2, and related items 1974 * 1974 1973 * 1974 Reserve Bank credit: (In millions of dolla rs) \y y U.S. Government securities-- Bought outright--System account 80,893 +140 + 5,957 80,890 Held under repurchase agreements 347 + 87 - 841 440 Federal Agency obligations-- Bought outright 4,011 +148 + 2,444 4,011 Held under repurchase agreements 129 + 23 - 97 182 Acceptances-- Bought outright 308 + 22 + 269 312 Held under repurchase agreements 245 +143 + 150 276 Loans-- Total member bank borrowing 3,218 -313 + 1,698 2,828 Includes seasonal borrowing of: 142 + 1 - 2 137 Other borrowing Float 1,881 -317 - 669 2,167 Other F.R. assets It 645 +232 + 655 1,535 Total Reserve Bank credit 92,676 +163 + $,5G6 92,641 Gold Stock 11,567 -- + 1,157 11,567 Special Drawing Rights certif. acct. 400 -- ... 400 Treasury currency outstanding 9,035 + 19 + 437 9,038 113,678 +183 +11,160 113,646 Currency in circulation 74,828 - 62 + 6,462 75,164 Treasury cash holdings ** 318 + 14 - 53 322 Treasury deposits with F.R. Banks 3,2"*' +126 + 1,503 S 3,255 Foreign deposits with F.F Banks 3 -256 + 104 ! 313 Other deposits with F.R. anks 3/ + 41 + 232 719 Other F.R. liabilities an capital :,_7 + 57 + 535 3,193 83,227 - 81 + 8,782 82,966 Member bank reserves: With Federal Reserve Banks 30,450 +262 + 2,377 ! 30,680 Currency and coin 7,071 +287 + 555 ! 7.071 Total reserves held 37,521 +549 + 2,848 37,751 Required reserves 37,081 +197 + 2,865 37,081 Excess reserves 440 +352 - 17 670 NOTE: A net of $ 48 million of surplus reserves were eligible to be carried forward from the week ended September 25, into the week ending October 2, On October 2, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,142 million, an increase of $617 million for the week. 1/ Excludes $145 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $210 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $79 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. * Estimated (New York District). -k-k Estimated. 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 dol lars) Wednesday j Change since Oct. 2,** jl-.ept. 2i>, Oct. 3, 1976 197^ 1973 A S S E TS Gold certificate account 11,460 +1,157 Special Drawing Rights certif. accts. * 400 Cash ((1,435) 231 + 3 76 Loans 2,828 -2,364 -hi,620 Acceptances--Bought outright 312 + 12 + 272 Held under repurchase agreements 276 + 86 + 177 Federal Agency obligations--Bought outright 4,011 +2,445 Held under repurchase agreements 182 41 - L74 I'.S. Government securities: Bought outright—Bills 38,074 + 720 +3,785 Certificates - Other Notes 39,719 +2,345 Bonds 3,097 - 331 Total bought outright J7 2/ 80,890 720 +5,799 Held under repurchase agreements 440 43 -1,313 Total U.S. Government securities 81,330 677 44,486 Total loans and securities 88,939 -1,630 +8,826 Cash items in process of collection (2,030) 8,654 + 491 - 950 Bank premises 249 + 1 + 36 Other assets 3_/ 1,286 + 131 + 471 TOTAL ASSETS (3,465) 111,219 -1,004 +9,464 IiIAB.IL.ITI.ES, Federal Reserve" notes (1,435) 66,572 + 193 +5,901 Deposits: Member bank-reserves account 30,680 -1,372 +1,275 U. S. Treasurer—general account 3,255 92 +1,661 Foreign 313 - 298 + 74 Other 4/ 7_L9 + 8 + 1Q7 Total deposits 34, 967 +1, 754 +3,117 Deferred availability cash items (2,030) 6 ,487 + 841 + 354 Other liabilities and accrued dividends 1, 264 - 25 - 145 TOTAL LIABILITIES (3,465) 109,290 - 745 +9,227 £ £ PI T AL A C C O U N T S, Capital "paid in 885 1 + 53 Surplus 844 + 51 Other capital accounts 200 258 + 133 Contingent liability on acceptances purchased for foreign correspondents 1,510 + 122 + 964 * Figures in parentheses are the eliminations made in the consolidating process. \_( Excludes $145 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. l_l Includes $210 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. ZJ Includes assets denominated in foreign currencies. 4-/ Includes $79 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 District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 2, 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 2,673 303 5,180 +360 182 -66 16 days to 90 days 155 238 20,176 +282 155 -- 91 days to 1 year -- 47 22,820 -165 602 +25 Over 1 year to 5 years -- -- 21,289 +200 1,894 -- Over 5 years to 10 years -- -- 9,946 ... 872 -_ Over 10 years -- -- 1,919 -- 488 -- Total 2,828 588 81,330 +677 ,193 -41 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Hb) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 2, 1974 #New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (1n millions of dollars) A S S E TS Gold certificate account 11,460 486 1,507 597 1,094 770 512 2,142 484 278 406 288 2,896 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,435 117 318 93 60 142 188 94 40 40 38 81 224 Other cash 231 15 23 13 28 18 32 22 18 6 19 12 25 Loans 2,828 42 1,857 97 23 125 243 179 35 35 82 89 21 Acceptances: Bought outright 312 — 312 — — — -- -- — -- — -- — Held under repurchase agreements 276 — 276 — — — — — — — -- — — Federal Agency obligations— 4,011 185 999 216 321 306 210 645 150 82 156 181 560 Bought outright Held under repurchase agreements 182 -- 182 -- — -- — — — -- — — — U.S. Government securities: Bought outright-- Bills 38,074 1,755 9,483 2,046 3,051 2,902 1,997 6,122 1,427 774 1 ,481 1 ,715 5,321 Certificates: Other -- — -- .- — — ._ -- — -- -- -- Notes 39,719 1,832 9,892 2,134 3,183 3,027 2,083 6,386 1,488 808 1 ,546 1 ,789 5,551 Bonds 3,097 143 771 166 248 236 163 498 116 63 120 140 433 Total bought outright 1/ 2/ 80,890 3,730 20,146 4,346 6,482 6,165 4,243 13,006 3,031 1,645 T, 147 T ,644 11,305 Held under repurchase agreements 440 — 440 — — — — — -- — — — Total U.S. Government securities 81,330 3,730 20,586 4,346 6 3 482 6,165 4,243 13,006 3,031 1,645 T ,147 T ,644 11,305 Total loans and securities [88,939 3,957 24,212 4,659 6,826 6,596 4,696 13,830 3,216 1,762 3 ,385 3 ,914 11,886 Cash items in process of collection 10,684 429 1,732 378 581 1,260 1,122 1,737 465 502 763 631 1,084 Bank premises 249 59 11 24 27 14 14 16 14 34 17 12 7 Other assets 3/ 1,286 51 379 74 90 82 69 178 40 29 72 52 170 TOTAL ASSETS 114,684 5,137 28,275 5,861 8,739 8,918 6,655 18,089 4,292 2,658 4 ,715 5 ,004 16,341 JL/ Excludes $145 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction. 2/ Includes $210 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. * Estimate (New York 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 OCTOBER 2, 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 68,007 3,259 16,940 4,174 5,567 6,170 3,619 11,171 2,735 1,257 2,519 2,571 8,025 Deposits: Member bank reserves 30,680 1,035 7,395 884 2,130 1,362 1,939 4,711 889 740 1,203 1,624 6,768 U. S. Treasurer--general account 3,255 304 598 326 331 197 114 397 220 126 161 157 324 Foreign ... 313 15 1/ 30 19 33 21 28 60 13 9 15 21 49 Other 3/ 719 6 595 5 2 32 22 15 2 3 5 7 25 Total 'deposits 34,967 1,360 8,618 1,234 2,496 1,612 2,103 5,183 1,124 878 1,384 1,809 7,166 Deferred availability cash items 8,517 391 1,774 298 423 945 731 1,268 328 454 691 473 741 Other liabilities and accrued 1,264 56 347 71 96 89 65 189 44 26 46 53 182 dividends TOTAL LIABILITIES 112,755 5,066 27,679 5,777 8,582 8,816 6,518 17,811 4,231 2,615 4,640 4,906 16,114 CAPITAL ACCOUNTS Capital paid in 885 35 231 41. 78 50 136 29 21 37 48 111 t • Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts ?00 ? 150 1 5 5 .10 3 2 ^ U ft TOTAL LIABILITIES AND CAPITAL ACCOUNTS 114,684 5,137 28,275 5,861 §,739 8,918 6,655 18,089 4,292 2,658 4,715 5,004 16,341 Contingent liability on ace: eptances purchased for foreign correspondents 1,510 62 2/ 384 74 133 85 110 237 51 35 62 83 194 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,398 *17,729 4,279 5,728 6,394 3,985 11,345 2,905 1,321 2,686 2,794 8,589 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 4,050 10,800 2,810 1,430 2,800 2,830 8,800 Total collateral 3,450 17,850 4,400 5,930 6,445 4,050 11,500 2,985 1,430 2,800 2,835 8,800 1/ After deducting $ 283 million participations of other Federal Reserve Banks. 2/ After deducting $ 1,126 mi-llion participations of other Federal Reserve Banks. * Estimated (New -York District). 3/ Includes $ 79 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