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 31, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 30, Oct. 23, Oct. 31, Oct. 30, and related items 1974 * 1974 1973 1974 * Reserve Bank credit: (In millions of dollars) ;!/ 2/ U.S. Government securities-- Bought outright--System account: 79,207 -254 +2,874 1 78,779 Held under repurchase agreements 209 +209 23 460 Federal Agency obligations-- Bought outright 4,011 _-. +2,272 4,011 Held under repurchase agreements 154 +154 + 133 344 Acceptances-- Bought outright 213 + 1 + 166 220 Held under repurchase agreements 53 + 50 + 45 106 Loans-- Total member bank borrowing 1,638 +316 + 183 1,851 Includes seasonal borrowing of: 104 - 3 - 15 106 Other borrowing Float 1,939 -615 - 313 2,190 Other F.R. assets 3,384 - 12 +2,186 3,420 Total Reserve Bank credit 90,809 -150 +7,524 91,381 Gold Stock 11,567 — -« 11,567 Special Drawing Rights certif,. acct. 400 ..- -- 400 Treasury currency outstanding 9,054 + 12 + 427 9,069 111,829 -139 +7,951 112,417 Currency in circulation 75,620 -228 +6,833 75,892 Treasury cash holdings 313 - 5 - 52 2:99 Treasury deposits with F.R. Banks 1,341 +141 -1,081 1,079 Foreign deposits with F.R. Banks 312 + 41 + 33 404 Other deposits with F.R. Banks 3/ 800 - 43 + 145 844 Other F.R. liabilities and capital 3,406 +121 + 402 3,447 81,791 + 26 +6,279 81,965 Member bank reserves: With Federal Reserve Banks 30,038 -165 +1,669 30,452 Currency and coin 6,830 +559 + 332 6,830 Total reserves held 36,868 +394 +1,917 37,282 Required reserves 36,579 - 25 +1,802 36,579 Excess reserves 289 +419 + 115 703 NOTE: A net of $ 46 million of deficit reserves were eligible to be carried forward from the week ended October 23, into the week ending October 30. On October 30, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,420 million, a decrease of $19 million for the week. \J Excludes $631 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $158 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $61 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 n onmember institutions in the Federal Reserve System1s program of credit restraint. * Estimated (Richmond and San Francisco 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. 30, XWeek agol (Year ago) 1974 A S S E TS Gold certificate account 11,460 -- — Special Drawing Rights certif. accts. * 400 — — Cash (1364) 241 - 8 74 Loans 1,851 - 630 - 346 Acceptances—Bought outright 220 + 7 + 173 Held under repurchase agreements 106 + 103 + 46 Federal Agency obligations--Bought outright 4,011 -- + 2,272 Held under repurchase agreements 344 + 344 + 196 U.S. Government securities: Bought outright--Bills 35,963 904 102 Certificates - Other Notes 39,719 — + 2,345 Bonds 3,097 — 331 Total bought outright 1/ 2/ 78,779 - 904 +"1 ,912 Held under repurchase agreements 460 + 460 - 1,164 Total U.S. Government securities 79,239 - 444 + 748 Total loans and securities 85,771 - 620 + 3,089 Cash items in process of collection (1663) 8,142 + 97 - 165 Bank premises 253 -- + 36 Other assets 1/ 3,167 + 29 + 2,119 TOTAL ASSETS (3027) 109,434 - 502 ±_5, 005 kl h.RL'k L l l kl Federal Reserve notes (1364) 67,256 34 + 6,313 Deposits: Member bank-reserves account 30,452 - 685 - 1,335 U. S. Treasurer—general account 1,079 - 314 - 758 Foreign 404 + 122 - 22 Other 4/ 844 - 72 + 125 Total deposits 32,779 - 949 - 1,990 Deferred availability cash items (1663) 5,952 + 380 + 300 Other liabilities and accrued dividends 1,192 - 6 + 206 TOTAL LIABILITIES (302>.) 107,179 - ~6"09 +~" 37829" C A P I T AL A C C O U N TS Capital paid in 888 •»_ + 54 Surplus 844 -- + 51 Other capital accounts 523 \- 107 + 71 Contingent liability on acceptances purchased for foreign correspondents 2,022 4- 4 9 +1 433 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $631 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2_/ Includes $158 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. hj Includes $61 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 (Richmond and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 30, 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 1,800 157 4,787 - 10 353 +345 16 days to 90 days 51 147 20,116 - 20 143 - 1 91 days to 1 year — 22 21,182 -414 598 — Over 1 year to 5 years -- -- 21,289 -- 1,937 — Over 5 years to 10 years — — 9,946 — 836 — Over 10 years -- -- 1,919 — 488 -- Total 1,851 326 79,239 -444 4,355 +344 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 30, 1974 San * New Phila Cleve Rich St. Minne Kansas 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 68,620 3,280 17,101 4,209 5,810 6,231 3,647 11,094 2,780 1,292 2,536 2,594 8,046 Deposits: Member bank reserves 30,452 1,068 9,318 981 2,062 1,312 2,017 3,697 927 685 1,144 1,503 5,738 U. S. Treasurer--general account 1,079 94 114 166 124 134 50 80 68 59 70 75 45 Foreign 404 15 1/ 139 17 31 20 26 56 12 8 15 20 45 Other 3/ 844 3 691 7 2 25 15 56 4 2 5 14 20 Total deposits 32,779 1,180 10,262 1,171 2,219 1,491 2,108 3,889 1,011 754 1,234 1,612 5,848 Deferred availability cash items 7,615 383 1,117 282 391 1,012 582 946 296 376 757 637 836 Other liabilities and accrix ed dividends 1,192 53 318 65 90 85 63 175 41 24 44 50 184 TOTAL LIABILITIES 110,206 4,896 28,798 5,727 8,510 8,819 6,400 16,104 4,128 2,446 4,571 4,893 14,914 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 523 22 144 95 41 38 30 83 1Q in 20 24 67 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 112,461 M87 29,389 5,835 8,703 g,954 6,560 16,456 4,205 2,497 -- 4,.663 5,011 15,201 Contingent liability on ace: eptances purchased for fore] correspondents 2,022 83 / 514 99 178 113 148 318 69 £X_ 83 — 1,11 25£ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,617 3,406 17 ,813 4,278 5,964 6,446 4,002 11,327 2,929 1,350 2,699 2,787 8,616 Collateral for F. R. notes: Gold certificate account 2,405 100 300 330 795 700 175 5, U. S. Government securities 70,54s 3,350 18 050 L inn 5 9K(\C\ 5,725 4,050 10,800 ? sin 1 Lin 2,800 a &nc\ Total collateral 72,950 3,450 18 050 4,400 6,130 6,520 4,050 11,500 2,985 1,430 2,800 2,835 8,800 1/ After deducting $ 265 million participations of other Federal Reserve Banks. 27 After deducting $ 1.508 million participations of other Federal Reserve Banks. Estimated (Richmond and San Francisco Districts). V incudes $ 61 m lhon of certain deposits of domestic non-member oanks and foreign-owned banking institutions with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation by non-member institutions m the Federal Reserve System's program of credit restraint participation by 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 30, 1974 New Phila Cleve Rich- St. Mi nne- 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 11,460 380 3,950 731 1,270 912 703 1,174 537 205 296 217 1,085 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,364 90 255 56 58 129 175 170 31 30 43 80 247 Other cash 241 15 24 11 29 17 35 23 20 8 20 12 27 Loans 1,851 87 432 103 16 218 273 136 31 67 93 80 315 Acceptances: Bought outright 220 — 220 — — -- -- -- -~ -- -- -- -*" Held under repurchase agreements 106 — 106 — — — — — — -- -- -- -- Federal Agency obligations-- Bought outright 4,011 185 970 216 321 306 210 645 150 82 156 181 589 Held under repurchase agreements 344 — 344 -- — — -- — — — -- — — U.S. Government securities: Bought outright-- Bills 35,963 1,658 8,695 1,933 2,882 2,741 1,886 5,783 1,347 731 1,399 1,620 5,288 Certificates: Other -- — -- -- -« -- -- -- -- -- -- -- -- Notes 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 1/ 2_/ 78,779 3,633 19,048 4,233 6,313 6,004 4,132 12,667 2,951 ,602 3,065 3,549 11,582 Held under repurchase agreements 460 — 460 — — — -- -- — _ — — — — Total U.S. Government securities 79,239 3,633 19,508 4,233 6,313 6,004 4,132 12,667 2,951 ,602 3,065 3,549 11,582 Total loans and securities 85,771 3,905 21,580 4,552 6,650 6,528 4,615 13,448 3,132 1 ,751 3,314 3,810 12,486 Cash items in process of collection 9,805 449 1,384 349 530 1,195 917 1,340 408 427 903 803 1,100 Bank premises 253 60 12 26 27 14 14 16 14 34 17 12 7 Other assets 3/ 3,167 65 2,091 87 106 123 79 215 48 35 55 63 200 TOTAL ASSETS 112,461 4,987 29,389 5,835 8,703 8,954 6,560 16,456 4,205 2 ,497 4,663 5,011 15,201 .1/ Excludes $631 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $158 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Richmond and San Francisco Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis