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 17, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, October 16, October 9, October 17, October 16, and related items 1974 * 19J4 1973 1974 * Reserve Bank credit: (In millions of dollars) \y n U.S. Government securities-- Bought outright--System account 78,587 - 882 +2,481 78,554 Held under repurchase agreements 517 + 138 + 213 2,122 Federal Agency obligations-- Bought outright 4,011 .. +2,425 4,011 Held under repurchase agreements 252 J- 70 + 195 1,061 Acceptances-- Bought outright 327 + 16 + 282 314 Held under repurchase agreements 115 - 109 + 89 540 Loans-- Total member bank borrowing 1,745 - 500 + 583 1,767 Includes seasonal borrowing of: 122 - 12 + 2 111 Other borrowing Float 1,878 . 294 -1,612 2,726 Other F.R. assets 3,281 +1 ,234 +2,172 3,296 Total Reserve Bank credit 90,713 - 328 +6,827 94,391 Gold Stock 11,567 -« +1,157 11,567 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 9,036 + 9 + 422 9,041 111,717 318 +8,406 115,399 Currency in circulation 75,940 + 613 +6,784 76,190 Treasury cash holdings** 317 + 3 37 310 Treasury deposits with F.R. Banks 838 -1, 860 - 601 629 Foreign deposits with F.R. Banks 271 - 17 5 328 Other deposits with F.R. Banks 3>/ 808 - 16 + 44 892 Other F.R. liabilities and capital 3,176 + 69 + 374 3,274 81,351 -1, 207 +6,559 81,623 Member bank reserves: With Federal Reserve Banks 30,366 + 890 +1,846 33,776 Currency and coin 7,046 __ 113 + 631 7,046 Total reserves held 37,412 777 +2,393 40,822 Required reserves 37,096 + 430 +1,997 | 37,096 Excess reserves NOTE: A net of $56 million of surplus reserves were eligible to be carried forward from the week ended October 9, into the week ending October 16. On October 16, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,471 million, an increase of $591 million for the week. 1/ Excludes $1,751 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $131 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $60 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 Philadelphia, Cleveland, Richmond, Chicago, Dallas and San Francisco Districts). ** Estimated. 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. (Week ago* (Year ago) 16, 1974 1Q-9-74 10"17"73 A S S E TS Gold certificate account 11,460 — + 1,157 Special Drawing Rights certif. accts. 400 -- .. Cash (1169) 238 + 4 73 Loans 1,767 + 967 + 236 Acceptances—Bought outright 314 + 3 + 268 Held under repurchase agreements 540 + 536 + 456 Federal Agency obligations—Bought outright 4,011 — + 2,425 Held under repurchase agreements 1,061 +1,061 + 895 U.S. Government securities: Bought outright--Bill8 35>738 +2,976 + 277 Certificates - Other Notes 39,719 + 2,345 Bonds 3.097 Z 331 Total bought outright 1/ 2/78,554 +2,976 +2,291 Held under repurchase agreements 2,122 4-2,122 + 1.185 Total U.S. Government securities 80,676 +5,098 + 3.476 Total loans and securities 88,369 +7,665 + 7,756 Cash items in process of collection (1764) 8,825 +1,114 - 1,404 Bank premises 259 + 9 + 46 Other assets 3/ 3,037 59 + 2.080 TOTAL ASSETS (2933)112,588 + 9,562 L I A B I L I T I ES Federal Reserve notes (1169) 67,590 + 280 + 6,436 Deposits: Member bank-reserves account 33,776 +7,885 + 3,357 U. S. Treasurer—general account 629 - 550 - 495 Foreign 328 + 32 + 42 Other 4/ 892 + 94 + 149 Total deposits 35,625 +7,461 + 3,053 Deferred availability cash items (1764) 6,099 + 815 - 355 Other liabilities and accrued dividends 1,249 + 73 + 287 TOTAL LIABILITIES (2933)110,563 +8,629 + 9,421 £ £ £ I 1 AL A C C O U N TS Capital paid in ~ 888 + 1 + 57 Surplus 844 — + 51 Other capital accounts 293 + 103 + 33 Contingent liability on acceptances purchased for foreign correspondents 1,575 66 + 1,040 * Figures in parentheses are the eliminations made in the consolidating process 17 Exludes $1,751 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $131 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3./ Includes assets denominated in foreign currencies. 4/ Includes $60 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 (Philadelphia,Cleveland,Richmond,Chicago,Dallas, and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 16 1974 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 changes Changes Within 15 days 1,702 >85 5,840 +3,047 1,078 +1,061 16 days to 90 days 65 .52 19,305 +3,183 147 91 days to 1 year 17 21,377 -1,132 593 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 1,767 54 80,676 +5,098 5,072 +1.061 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 16, 1974 Total Boston N Yo e r w k d P e h l i p l h a i - a ^ C l l an ev d e m R o ic n h d " * Atlanta Chicago* L S o t u . i s J M ap i o n l n i e s C K i a t ns y a s Dallas* F S r a a n n c * i sco 0 n millions of dollars) A S S E TS Gold certificate account 11,460 546 367 749 1,351 1,240 623 3,000 540 176 293 467 2,108 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,169 79 232 70 60 128 170 78 23 31 39 75 184 Other cash 238 15 23 13 29 18 35 22 19 7 19 13 25 Loans 1,767 30 301 95 15 137 303 573 13 18 95 87 100 Discounts and advances Acceptances: Bought outright 314 — 314 — — — — -- -- — -- — Held under repurchase agreements 540 -. 540 -- -- __ — -- -- -- _- -- — Federal Agency obligations-- Bought outright 4,011 185 999 216 321 306 210 645 150 82 156 181 560 Held under repurchase agreements 1,061 ! — 1 ,061 — -- — — -- -. -- — -_ — U.S. Government securities: Bought outright-- Bills 35,738 | 1,647 8 ,901 1,921 2,864 2,724 1,874 5,747 1,339 727 1 ,390 1 ,610 4,994 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 \i 2/ 78,554 3,622 19 ,564 4,221 6,295 5,987 4,120 12,631 2,943 1,598 T, 056 T ,539 10,978 Held under repurchase agreements 2.122 — 2 ,122 -- -- -- — -- -- -_ -- -- «- Total U.S. Government securities 80,676 o £00 oi ,686 /. O O 1 £ on r 5,987 4,120 12,631 2,943 1,598 3 ,056 3 753? ' 10,9/8 Total loans and securities 88,369 3,837 24, 901 4,532 6,631 6,430 4,633 13,849 3,106 1,698 3 ,307 3 ,807 11,638 Cash items in process of collection 10,589 604 1 ,707 315 400 1,319 1,082 1,264 543 619 991 625 1,120 Bank premises 259 , 59 11 25 27 14 14 16 14 34 17 12 16 Other assets 3/ 3,037 57 2 ,108 68 97 83 73 184 45 29_ 48 60 185 TOTAL ASSETS 115,521 5,220 29 ,442 5,795 8,628 9,268 6,652 18,483 4,305 2,601 4 ,729 5 ,073 15,325 1/ Excludes $1,751 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 1/ Includes $131 million securities ioaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Philadelphia, Cleveland, Richmond, Chicago, Dallas 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 October 16, 1974 1 New Phila Cleve Rich St. Minne Kansas San Total |Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran I •k * * cisco * I (In millions of dollars) L I A B I L I T I ES 1 Federal Reserve notes 68,7591 3,293 17,105 4,214 5,730 6,222 3,675 11,215 2,776 1,273 2,548 2,613 8,095 Deposits: 1 Member bank reserves 33,776 1,209 9,034 1,051 2,314 1,532 1,962 5,846 957 630 1,168 1,752 6,321 U. S. Treasurer—general account 629' 25 21 28 50 131 62 121 47 40 55 32 17 Foreign 328 13 1/ 94 15 28 18 23 49 11 7 13 17 40 Other 3/ 892 5 697 3 2 22 22 104 2 2 4 9 20 Total deposits 35,6251 1,252 9,846 1,097 2,394 1,703 2,069 6,120 1,017 679 1,240 1,810 6,398 Deferred availability cash items 7,863 542 1,551 323 260 1,140 697 656 403 577 814 490 410 Other liabilities and accrued dividends 1,249 - 52 406 68 69 85 63 180 41 25 44 50 166 TOTAL LIABILITIES 113,496 5,139 28,908 5,702 8,453 9,150 6,504 18,171 4,237 2,554 4,646 4,963 15,069 CAPITAL ACCOUNTS Capital paid in 888 35 232 41 78 50 68 137 29 21 37 48 112 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts ?<n 1? 87 10 23 21 1ft V\ 10 6 11 16 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 115,521 5,220 29,442 5,795 _8,628 J>,268 6,652 18,483 4,305 2,601 4,729 5,073 15»3Z5., Contingent liability on acei eptances purchased for foreign correspondents __.!_, 575 64 2/ 402 77 139 88 115 247 54 3n_ 64 87 202 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,427 3,406 17,741 4,274 5,864 6,420 4,012 11,370 2,924 1,328 2,699 2,788 8,601 Collateral for F. R. notes: Gold certificate account 2,380) 100 — 300 330 770 700 175 5 U. S. Government securities 70,315 3.350 17.850 4>100 5.800 5.695 4.Q5Q 10,800 7,810 M 30 2,800 2,830 8,800 Total collateral 72,695 3,450 17,850 4,400 6,130 6,465 4,050 11,500 2,985 1,430 2,800 2,835 8,800 1/ After deducting $ 234 million participations of other Federal Reserve Banks. * Estimated (Philadelphia, Cleveland, Richmond, Chicago, 2/ After deducting $ 1,173 million participations of other Federal Reserve Banks. Dallas and Sao Francisco Districts). 3/ TnclTldeS $ 60 mi. 11 Ion of C&Vtli.T* d<ftr»Oci*'S of Anmacf--i n r\ on -member KanVe onrl fAreier-n-rtr.moA K»«1ri'*.o -.•*»*»+• i •-««*- •?>>« c U^l^ »«•( «-U ~~—"U-— X. -.-i, - --.J redeposlted 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