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 24, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday - Reserve Bank credit, Oct. 23, Oct. 16, Oct. 24, Oct. 23, and related items 1974 1974 1973 1974 Reserve Bank credit: (In millions of dollars) py U.S. Government securities-- Bought outright--System account 79,461 + 874 +2,936 79,683 Held under repurchase agreements -- - 517 - 128 """ Federal Agency obligations- Bought outright 4,011 »~ +2,269 4,011 Held under repurchase agreements — - 252 24 | Acceptances-- Bought outright 212 <*. 115 + 163 213 Held under repurchase agreements 3 - 112 4 3 Loans-- Total member bank borrowing 1,322 « 422 - 593 2,481 Includes seasonal borrowing of: 107 • 15 18 100 Other borrowing Float 2,527 + 629 - 591 2,473 Other F.R. assets 3,396 + 108 +2,198 3,391 Total Reserve Bank credit 90,932 + 193 +6,226 92,255 Gold Stock 11,567 — -- 11,567 Special Drawing Rights certif. acct. 400 -« -- 400 Treasury currency outstanding 9,042 + 6 + 420 9,046 111,941 + 198 +6,645 113,268 Currency in circulation 75,848 96 +6,878 75,868 Treasury cash holdings 318 — -1,204 326 Treasury deposits with F.R. Banks 1,200 + 362 - 366 1,393 Foreign deposits with F.R. Banks 271 -- + 17 282 Other deposits with F.R. Banks 3/ 843 + 49 - 107 916 Other F.R. liabilities and capital 3,285 + 105 + 381 3,346 81,765 + 421 +5,598 82,131 Member bank reserves: With Federal Reserve Banks 30,176 - 223 +1,047 31,137 Currency and coin 6,271 - 775 + 366 6,271 Total reserves held 36,447 - "~99g~ +1,329 37,408 Required reserves 36,604 - 492 +1,893 i 36,604 Excess reserves - 157 - 506 - 564 804 NOTE: A net of $ 188 million of surplus reserves were eligible to be carried forward from the week ended October 16, into the week ending October 23. On October 23, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,439 million, a decrease of $32 million for the week. \J Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 73 million securities loaned--fu!ly 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. 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 Oct. Oct Oct 23. 1974 16. 1974 24. 1973 A S S E TS Gold certificate account 11,460 .. + 1,157 Special Drawing Rights certif. accts. * 400 -- -- Cash (1251) 249 + 11 62 Loans 2,481 + 719 886 Acceptances--Bought outright 213 - 101 + 165 Held under repurchase agreements 3 - 537 44 Federal Agency obligations—Bought outright 4,011 __ + 2,272 Held under repurchase agreements -- -1,061 - 172 U.S. Government securities: Bought outright — Bills 36,867 +1,129 + 1,106 Certificates - Other Notes 39,719 -- + 2,345 Bonds 3 097 -- 331 r Total bought outright i/g/ 79,683 +1,129 + 3,120 Held under repurchase agreements -- -2,122 897 Total U.S. Government securities 79,683 - 993 +~2 ,223 Total loans and securities 86,391 -1,973 + 3,558 Cash items in process of collection (1962) 8,045 -2,528 - 1,260 Bank premises 253 + 2 + 37 Other assets 3/ 3,138 + 40 + 2,139 TOTAL ASSETS (3213) 109,936 -4,448 +_5 ,569 L I A B I L I T I ES Federal Reserve notes (1251) 67,290 - 332 + 6,252 Deposits: Member bank-reserves account 31,137 -2,889 - 811 U. S. Treasurer—general account 1,393 + 764 + 141 Foreign 282 - 46 + 10 Other J/ 916 + 127 + 243 Total deposits 33,728 -2,044 - 417 Deferred availability cash items (1962) 5,572 -2,119 - 626 Other liabilities and accrued dividends LJ-98 - 76 + _ 197 TOTAL LIABILITIES (3213) 107,788 -4,571 + 5,406 £ A L 11 A L. i £ £ M ni Capital paid in 888 — + 54 Surplus 844 — + 51 Other capital accounts 416 + 123 + 58 Contingent liability on acceptances purchased for foreign correspondents 1,973 + 398 + 1,443 * Figures in parentheses are the eliminations made in the consolidating process 1/ Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. _2/ Includes $73 million securities loaned--fully secured by U. S. Government securities pledged with Federal Reserve Banks. 3V 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 23. 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 2,461 51 4,797 -2,043 8 - 1,070 16 days to 90 days 20 150 20,136 + 831 144 3 91 days to 1 year 15 21,596 + 219 598 + 5 Over 1 year to 5 years 21,289 -- 1,937 + 43 Over 5 years to 10 years 9,946 -- 836 36 Over 10 years ^- 1,919 -- 488 -- Total 2,481 216 79,683 - 993 + ,011 1,061 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 23, 1974 New Phila Cleve Rich St. Mi nne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City D alias Francisco ~0. n milliori s of dollars) A S S E TS Gold certificate account 11,460 343 1,555 862 1,358 994 480 2,083 437 275 408 336 2,329 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,251 86 253 35 49 133 174 121 34 31 43 80 212 Other cash i 249 16 25 12 29 18 36 23 20 9 21 13 27 Loans 2,481 113 1,148 70 45 191 273 211 103 67 97 140 23 Acceptances: Bought outright 213 — 213 — — -- -- — -- — -- Held under repurchase agreements 3 ..- 3 — -- -- — -- — — -- -- -- Federal Agency obligations-- Bought outright 4,011 185 970 216 321 306 210 645 150 82 156 181 589 Held under repurchase agreements -- -- -_ -- -- -- -- -- -- -- — -- -- U.S. Government securities: Bought outright— Bills 36,867 1,699 8,914 1,981 2,954 2,810 1,934 5,928 1,381 750 1,434 1 ,661 5,421 Certificates: Other -- -- -- -- .- -- -- -- -- -- -- -- — Motes 39,719 1,832 9,604 2,134 3,183 3,027 2,083 6,386 1,488 808 1,546 1 ,789 5,839 Bonds 3,097 143 749 166 248 236 163 498 116 63 120 140 455 Total bought outright y y 79,683 3,674 19,267 4,281 6,385 6,073 4,180 12,812 2,985 r, 621 3,100 ~T r^i5— 11,715 Held under repurchase agreements -- -- -- -. -- -- — -- ~ -- _- -- -- Total U.S. Government securities 79,683 3,674 19,267 4,281 6,385 6,073 4,180 12,812 2,985 ™r ,621 3,100 ~ ,590 ' 11,715 Total loans and securities 86,391 3,972 21,601 4,567 6,751 6,570 4,663 13,668 3,238 1 ,770 3,353 3 ^TT— 12,527— Cash items in process of collection 10,007 458 1,602 372 513 1,125 1,032 1,434 461 482 740 672 1,116 Bank premises 253 59 12 26 27 14 14 16 14 34 17 12 8 Other assets 3/ 3«138 59 2,077 76 102 101 83 195 49 29 49 59 259 TOTAL ASSETS ^13,149 5,016 27,218 5,973 8,862 8,991 6,504 17,610 4,268 2 ,637 4,646 5 ,097 16,327 y Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. y Includes $73 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 October 23, 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 68,541 3,285 17,056 4,185 5,778 6,218 3,642 11,141 2,773 1,272 2,534 2,595 8,062 Deposits: Member bank reserves 31,137 1,080 7,261 1,210 2,281 1,447 1,868 4,632 944 760 1,192 1,712 6,750 U. S. Treasurer--general account 1,393 79 203 82 99 158 107 74 91 73 107 73 247 Foreign 282 12 1/ 62 14 26 17 22 46 10 7 12 16 38 Other 3/ 916 3 645 8 2 25 22 165 3 2 5 13 23 Total deposits 33,728 1,174 8,171 1,314 2,408 1,647 2,019 4,917 1,048 842 1,316 1,814 7,058 Deferred availability cash items 7,534 417 1,135 304 399 912 625 1,037 332 448 663 520 742 Other liabilities and accrued dividends 1,198 54 293 68 9? 86 64 183 42 26 45 56 189 TOTAL LIABILITIES 111,001 4,930 26,655 5,871 8,677 8,863 6,350 17,278 4,195 2,588 4,558 4,985 16,051 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 416 17 116 19 W 11 24 63 15 8 16 18 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,149 5,016 27,218 5,973 8,862 8,991 6,504 17.610 4,268 3,637 4.646 5.Q97 16,327 Contingent liability on ace: eptances purchased for foreign correspondents 1,973 81 ^502 9/ 174 110 144 310 67 45 81 ___109_ 25.3. , FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,568 3,420 17,811 4,284 5,915 6,445 4,004 11,341 2,937 1,328 2,690 2,776 8,617 Collateral for F. R. notes: Gold certificate account 2,405 300 330 795 700 175 5 U. S. Government securities 70,515 3,350 18.050 4.100 5 r 800 5,695 4,050 10^00 ? ftin 2.830 8.800 Total collateral 72,920 3,450 18,050 4,400 6,130 6,490 4,050 11,500 2,985 1,430 2,800 2,835 8,800 1/ After deductine $ 220 million participations of other Federal Reserve Banks. 2/ After deducting $l,^71million participations of other Federal Reserve Banks. 3/ Includes $60 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