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 November 7, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserves Bank credit,, Nov. 6, Oct. 30, Nov. 7, Nov. 6, and related items 1974 ** 1974 1973 1974 ** Reserve Bank credit: (In millions of dollars) 1717 U.S. Government securities-™ Bought outright—System account 79,187 20 +2,919 79,111 Held under repurchase agreements 274 65 + 274 759 Special Certificates 19 19 + 19 131 Federal Agency obligations-- Bought outright 4,011 +2,272 4,011 Held under repurchase agreements 171 + 17 + 171 580 Acceptances-- Bought outright 221 + 8 + 173 214 Held under repurchase agreements 99 + 46 + 99 192 Loans— Total member bank borrowing 1,127 -511 44 842 Includes seasonal borrowing of: 79 - 25 14 75 Other borrowing Float 2,084 +112 - 109 2,637 Other F.R. assets 3,468 + 82 +2,187 3,492 Total Reserve Bank credit 90,660 -184 +7,959 91,969 Gold stock 11,567 11,567 Special Drawing Rights certif, acct. 400 400 Treasury currency outstanding 9,072 + 18 446 9,075 111,699 -165 +8,405 113,011 Currency in circulation 76,050 4-426 +6,989 76,694 Treasury cash holdings 295 - 18 69 307 Treasury deposits with F.R,. Banks 1,049 -292 -1 ,038 Foreign deposits with F.R. Banks 302 - 10 30 318 Other deposits with F.R. Banks 3/ 811 + 11 + 149 707 Other F.R. liabilities and capital 3,312 - 98 + 586 3,046 81,819 + 19 +6,587 81,072 Member bank reserves: With Federal Reserve Banks 29,879 -185 +1,817 31,938 Currency and coin 7,125 +295 + 645 7,125 Total reserves held 37,004 +110 +2,378 39,063 Required reserves 36,688 +109 +2,319 ' 36,688 Excess reserves 316 + 1 + 59 2,375 NOTE: A net of $ 127 million of surplus reserves were eligible to be carried forward from the week ended October 30, into the week ending November 6. On November 6, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $ 31,842 million, an increase of $ 422 million for the week. 1/ Excludes $ 298 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2/ Includes $ 105 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 nonmember institutions in the Federal Reserve System's program of credit restraint, * Less than $ 500,000, ** Estimated (Dallas District), 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 Nov. 6, : Oct. 30,,! Nov. 7, 1974 *** 1 1974 1 1973 A S S E TS Gold certificate account 11,460 Special Drawing Rights certif. accts. 400 Cash (1062) 235 b 76 Loans 842 „ 1,009 + 2 Acceptances — Bought outright 214 - 6 +• 167 Held under repurchase agreements 192 + 86 + 192 Federal Agency obligations—Bought outright 4,011 «- + 2,272 Held under repurchase agreements 580 + 236 + 580 U.S. Government securities: Bought outright--Bills 36,295 + 332 + 1,629 Certificates - Special 131 + 131 + 131 Other Notes 39,719 + 2,345 Bonds 3,097 331 Total bought outright 1/2/ 79,242 + 463 + 3,774 Held under repurchase agreements 759 + 299 + • 759 Total U.S. Government securities 80,001 + 762 + 4,533 Total loans and securities 85,840 + 69 + 7,746 Cash items in process of collection (1721) 8,566 + 753 71 Bank premises 255 + 2 + 36 Other assets 3/ 3,237 + 61 + 2,141 TOTAL ASSETS (2783) 109,993 ±_ 879 + 9,776 LLIAIIIIIIIES^ Federal Reserve notes (1062) 68,055 -f 770 + 6,498 Deposits: Member bank-reserves account 31,938 + 1,486 + 4,220 U. S. Treasurer—general account ** - 1,079 - 1,557 Foreign 318 - 86 95 Other 4/ 707 - 137 + 53 Total deposits 32,963 + 184 + 2,621 Deferred availability cash items (1721) 5,929 + 360 + 290 Other liabilities and accrued dividends 1,165 - 55 + 249 TOTAL LIABILITIES (2783) 108,112 + 1,259 + 9,658 £ A I I1 AL A £ C 0 U N T JS Capital paid in 891 ., 3 + 57 Surplus 844 — + 51 Other capital accounts 146 383 + 10 Contingent liability on acceptances purchased for foreign correspondents 2,064 42 + 1,468 * Figures in parenthese are the eliminations made in the consolidating process. 1/ Excludes $298 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $105 million securities loaned—fully secured by U S« Government 0 securities pledged with Federal Reserve Banks* 3.1 Includes assets denominated in foreign currencies. **J 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,, ** Less than $500,000. *** Estimated (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, wnvwMnirp A 107/, (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 795 251 8,335 + 3 ,548 580 + 227 16 days to 90 days 47 128 17,625 - 2 ,491 191 + 48 91 days to 1 year 27 20,887 - 295 559 - 39 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 £42 406 80,001 + " 762 4,591 4- 236 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.100 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 6> 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco •k (In millions of dollars) A S S E TS Gold certificate account 11,460 342 2,078 814 1,610 990 213 1,925 582 229 285 114 2,278 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,062 80 201 46 45 101 142 91 20 26 38 87 185 Other cash 235 15 22 11 28 16 35 22 19 8 20 12 27 Loans 842 30 85 42 11 105 221 126 20 13 51 62 76 Discounts and advances Acceptances: Bought outright 214 — 214 — — Held under repurchase agreements 192 192 — -. — — — -- -- -. Federal Agency obligations- Bought outright 4,011 175 998 219 326 305 210 646 149 84 154 179 566 Held under repurchase agreements 580 580 U.S. Government securities: Bought outright-- Bills 36,295 | 1,587 9,033 1,980 2,949 2,757 1,901 5,844 1,350 758 1,397 1 ,618 5,121 Certificates: Special 131 131 Other Notes 39,719 1,737 9,886 2,166 3,228 3,018 2,079 6, 395 1,478 829 1,529 1 ,771 5,603 Bonds 3,097 135 771 169 252 235 162 499 115 65 119 138 437 Total bought outright \j 2/ 79,242 3,459 19,690 4,315 6,429 6,141 4,142 12,738 2,943 1,652 3,045 _ ,527 11,161 Held under repurchase agreements 759 759 Total U.S. Government securities 80,001 1 3,459 20,449 4,315 6,429 -ia£L_ 4,142 12,738 2,943 1,652 3,045 — ,527 1.1,161 "~~ Total loans and securities 85,840 ! 3,664 22,518 4,576 6,766 6,551 4,573 13,510 3,112 1,749 3,250 3 ,768 11,803 O C B t a a h n s e k h r p it a r e s e m s m e s i t s s e i s n 3 p / r ocess of collection 1 3 0 , , 2 2 2 3 8 5 7 5 7 " j j \ 45 6 6 5 3 1 2 1 , , 1 64 3 1 5 4 2 44 2 9 6 6 7 5 11 2 1 1 7 3 1,0 1 2 0 1 1 5 4 1,15 8 1 3 3 4 1, 2 44 1 1 4 7 6 55 5 1 7 0 4 49 3 3 1 5 4 64 5 1 9 5 7 7 8 1 5 0 2 0 1,1 2 1 0 8 7 8 TOTAL ASSETS L12,776 4,703 28,703 6,039 9,133 8,834 6,235 17,295 4,369 2,579 4,374 _4j 837 15,675 \J Excludes $298 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $105 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Dallas 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 NOVEMBER 6, 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City D * a * l * l as Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 69,117 3,294 17,209 4,269 5,855 6,288 3,724 11,124 2,813 1,300 2,547 2,605 8,089 Deposits: * Member bank reserves 31,938 903 8,792 1,115 2,599 1,526 1,697 4,486 1,024 778 1,086 1,450 6,482 U. S. Treasurer--general account * * * * * * * * * * * * * Foreign 318 11 1/ 117 13 24 15 20 42 9 6 11 15 35 Other 3/ 707 4 598 10 2 21 22 11 2 2 5 10 20 Total deposits 32,963 918 9,507 1,138 2,625 1,562 1,739 h.'XM 1,035""" 786 1,102 ""17575" 6,53/ Deferred availability cash items 7,65C 369 T,172 481 400 796 572 1,171 418 423 606 606 636 Other liabilities and accrued dividends 1,165 320 63 90 80 59 172 40 26 41 50 176 TOTAL LIABILITIES 116,6^5 37508" 5,951 8,970 8,726 6,094 17,006 4,306 2,535 4,296 4,736 15,438: CAPITAL ACCOUNTS Capital paid in 891 235 41 78 50 68 137 29 21 37 48 112 Surplus 844 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 146 45 5 11 11 11 20 5 3 6 7 17 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 112,776 .,703 28,703 6,039 9,133 8,834 6,235 17^295 4,369 _2_,j79_ M74 4,837 15,675 Contingent liability on ac<: eptances purchased for foreign corre s ppndent s 2,064 85 527 101 182 115 151 324 70 47 85 113 264 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 71,764 3,394 17,834 4,321 5,989 6,477 4,005 11,312 2,962 1,345 2,699 2,803 8,623 Collateral for F. R. notes: Gold certificate account 2,405 100 300 330 795 700 175 5 U. S, Government securities 70.545 3.350 18.050 4.100 5.800 5.725 4.050 10.800 2.810 1.430 2 800 2 830 8.800 r r 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 $201 million participations of other Federal Reserve Banks, 2/ After deducting $ 1,537 million participations of other Federal Reserve Banks, ** Less than $500,000. 3/ Includes $ 61 million of certain deposits of domestic non-member banks and foreign-owned banking institutions with > —*« «ited in full with Federal Reserve Banks in connection with voluntary participation by rt Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis