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 October 10, 1974 Averages of dai ly figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 9,* Oct. 2, Oct. 10, Oct. 9,* and related items 1974 1974 ^ 1973 1974 Reserve Bank credit: (In millions of dollars) 1/2/ U.S. Government securities-- Bought outright~~System account 79,469 -1, 424 +4,695 75,578 Held under repurchase agreements 379 + 32 - 374 -- Federal Agency obligations-- Bought outright 4,011 «- +2,425 4,011 Held under repurchase agreements 182 L 53 - 81 -- Acceptances-- Bought outright 311 + 3 + 267 311 Held under repurchase agreements 224 " 21 + 152 4 Loans-- Total member bank borrowing 2,245 - 973 + 892 800 Includes seasonal borrowing of: 134 ~ 8 + 3 131 Other borrowing Float 2,161 + 238 - 932 2,420 Other F.R. assets 2,044 + 398 +1,003_ _a*226J*/ Total Reserve Bank credit 91,027 -1, 693 +8,047 86,450 Gold Stock 11,567 -« +1,157 11,567 Special Drawing Rights certif. acct. 400 — -- 400 Treasury currency outstanding 9,027 - 8 + 428 9.033 112,021 -1, 701 +9,632 107,450 Currency in circulation 75,322 + 490 +6,436 75,855 Treasury cash holdings 314 - 4 - 36 328 Treasury deposits with F.R, Banks 2,698 - 576 +1,336 1,179 Foreign deposits with F.R. Banks 288 - 68 + 18 296 Other deposits with F.R. Banks 3/ 824 - 136 + 142 798 Other F.R. liabilities and capital 3,108 - 385 + 373 3,102 . 82,554 - 678 +8,269 81,558 Member bank reserves: With Federal Reserve Banks 29,466 -1, 023 +1,362 25,891 Currency and coin 7,159 + 88 + 553 7,141 Total reserves held 36,625 - 935 +1,831 33,033 Required reserves 36,666 - 415 +2,292 36,600 Excess reserves -41 - 520 - 461 -3,567 NOTE: A net of $177 million of surplus reserves were eligible to be carried forward from the week ended October 2, into the week ending October 9. On October 9, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,880 million, a decrease of $262 million for the week. 1/ Excludes $5,121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ Includes $73 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. 4/ Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. * Estimated (Cleveland and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CQNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since ** Oct. Oct. Oct., 9. 1974 2. 1974 10, 1973 A S S E TS Gold certificate account 11,460 + 1,157 Special Drawing Rights certif. accts. 400 -- -- Cash (1215) 234 + 3 - 70 Loans 800 -2,028 + 95 Acceptances—Bought outright 311 1 + 268 Held under repurchase agreements 4 - 272 + 4 Federal Agency obligations—Bought outright 4,011 — + 2,425 Held under repurchase agreements -- - 182 -- U.S. Government securities: Bought outright—Bills 32,762 -5,312 + 1,348 Certificates - Other —- Notes 39,719 + 2,345 Bonds 3.097 .. 331 Total bought outright 1,1/ 75,578 -5,312 +"3 ,362 Held under repurchase agreements -- - 440 — Total U.S. Government securities 75,573 •5,752 + 3,362 Total loans and securities 80,704 -8,235 + 6,154 Cash items in process of collection (1702) 7,993 - 450 - 2,765 Bank premises 250 + 1 + 37 Other assets , 3/ VI,076 +1,781 ±-2,172 TOTAL ASSET? (2917) 104,111 -6,900 ±-6,685 It I A 1 I Ii I T I E S Federal Reserve notes (1215) 67,278 + 675 +'5,994 Deposits: Member bank-reserves account 25,891 -5,188 + 2,226 U. S. Treasurer--general account 1,179 -2,076 - 1,459 296 17 + 31 Foreign 798 24 + 144 Other 4/ Total deposits 28,164 -7,305 + 942 Deferred availability cash items (1702) 5,573 - 279 - 611 Other liabilities and accrued dividends 1,181 - 107 + 229 TOTAL LIABILITIES (2917) 102,196 -7,016 + 6,554 £ A £ I I A L A C C O U N TS Capital paid in 887 + 2 + 56 Surplus 844 — + 51 Other capital accounts 190 + 114 + 24 Contingent liability on acceptances purchased for foreign correspondents 1,509 - 1 + 971 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes$5,121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2y Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $73 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. 5>/ Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. ** Estimated (Cleveland and Richmond Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 9. 1974 (Acceptances and securities held under repurchase agteements 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 632 47 3,793 - 1,387 17 - 165 16 days to 90 days 168 241 16,122 - 4,054 147 8 91 days to 1 year 27 22,509 311 593 - 9 Over 1 year to 5 years -- 21,289 -- 1,894 -- Over 5 years to 10 years -- -- 9,946 -- 872 — Over 10 years 1,919 -- 488 -- Total 8oo 315 75,578 - 5,752 4,011 - 182 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 OCTOBER 9, 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land * mond i Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,460 338 2,662 972 928 1,188 693 2,708 40 C -31 337 141 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70' 15 7 15 14 F.R. notes of other banks 1,215 96 261 68 58 140 170 78 24 35 67 184 Other cash 234 16 23 12 29 18' 32 22 ie 19 13 25 Loans 800 34 75 18 10 87 176 145 31 61 89 36 Acceptances: Bought outright 311 311 Held under repurchase agreements 4 4 Federal Agency obligations— Bought outright 4,011 185 999 216 321 306 210 645 150 156 181 Held under repurchase agreements U.S. Government securities: Bought outright— Bills 32,762 1,510 8,160 1,761 2,625 2,497 1,718 5,268 1,228 666 1,275 1,476 4,578 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 J36 163__A9fi„ JUL. . -_.. 120 _140 ^ Jt32_ _ Total bought outright 1/ 2/ ^,578 3,485 18,823 4,061 6,056 5,760 3,964 12,152 2,832 ,537 2,941 3,405 10,562 Held under repurchase agreements Total U.S. Government securities JLL^id.- JI.485 „.ia»a2a. -£,061—Jfi»fl5fL 5.760 JL»3&i_12.152. -U53L7 2 3^1. ••3»401- 10, In?,. Total loans and securities 80,704 3,704 20,212 4,295 6,387 6,153 4,350 12,942 3,013 1,657 3,158 3,675 11,158 Cash items in process of collection 9,695 384 1,465 346 590 1,205 1,004 1,314 398 453 711 611 1,214 Bank premises 250 59 11 25 27 14 14 16 14 34 17 12 7 Other assets 3/ „.1£2L 79 J9&. 86- 82. • 182 _5LL. .23- 47 . 54 — 222. TOTAL ASSETS 107,034 4,673 26,825 5,820 8,145 8,840 6,367 17,332 3,933 2,452 4,339 4,587 13,721 1/ Excludes $5121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2./ Includes $123 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3./ Includes assets denominated in foreign currencies. 4/ Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. * Estimated (Cleveland and Richmond 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 OCTOBER 9, 1974 San New Phila Cleve-\, Richr St. Minne Kansas Total Boston York delphia land mond ~k 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 68,493 3,280 17,025 4,191 5,645 6,219 3,679 11,196 2,763 1,269 2,543 2,595 8^088 Deposits: Member bank reserves 25,891 798 6,998 1,047 1,628 1,234 1,729 4,607 712 631 923 1,293 4,291 U. S. Treasurer—general account 1,179 73 205 120 80 133 92 82 63 45 102 58 126 Foreign 296 12 1/ 80 14 25 16 21 46 10 7 12 16 37 Other 3/ 798 4 695 3 1 27 21 13 3 2 6 7 16 Total deposits 28,164 887 7,978 1,184 1,734 1,410 1,863 4,748 788 . 685 1,043 1,374 4,470 Deferred availability cash items 7,275 377 1,022 285 507 1,013 620 911 276 428 629 465 742 Other liabilities and accrued ~ dividends 1,181 53 295 70 94 87 62 180 42 25 45 50 178 TOTAL LIABILITIES 105,113 4,597 26,320 5,730 7,980 8,729 6,224 17,035 3,869 2,407 4,260 4,434 13,478 CAPITAL ACCOUNTS Capital paid in 887 35 231 41 78 50 68 137 29 21 37 48 11. Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 190 7 59 7 13 14 13 28 6 4 7 9 23 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 107,034 4,673 26,825 5,820 8,145 8,840 6,367 17,332 3,933 2,452 4,339 4,587 13.721 Contingent liability on ac:ee ptances purchased for foreign 2^ correspondents 1,509 £0 ± 385 74 133 84 _JJLfl 237 — 51.. . -JH~_ _ £ £ _. - 83._ _L93_„ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,401 17,703 4,271 5,760 6,405 3,983 11,339 2,910 1,317 2,695 2,781 8,560 Collateral for F, R. notes: Gold certificate account 100 — 300 330 770 — 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 fl^flflQ.. r Total collateral 3,450 17,850 4,400 5,930 6,465 4,050 11,500 2,985 1,430 2,800 2,835 8,800 \J After deducting $ 216 million participations of other Federal Reserve Banks. * Estimated (Cleveland and Richmond Districts). 2/ After deducting $1,124 million participations of other Federal Reserve Banks. ~ - 3/ Includes $73 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 System1s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis