H.4.1 Factors Affecting Reserve Balances of Depository Institutions

O* c'OVf. FEDERAL RESERVE Factors Affecting Bank Reserves and ?fs^€-' Condition Statement of F.R. Banks H.4.1 For immediate release w<™*mber 14, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 13, Nov. 6, I Nov. 14, Nov. and related items 1974 * 1974 1 1973 1974 Reserve Bank credit: (In millions of dollars) 1717 U.S. Government securities-- Bought outright--System account 78,410 -777 +3,282 77,164 Held under repurchase agreements -274 - 259 Special Certificates - 19 Federal Agency obligations— Bought outright; 4,011 +2,272 4,0H Held under repurchase agreements -171 28 Acceptances- Bought outright 217 - 4 + 174 214 Held under repurchase agreements 2 - 97 8 2 Loans-- Total member bank borrowing 1,098 - 29 - 423 625 Includes seasonal borrowing of: 70 - 9 10 68 Other borrowing Float 2,504 +430 - 138 2,581 Other F.R. assets 3,487 + 21 +2,109 3,396 Total Reserve Bank credit 89,730 -918 +6,981 87,993 Gold Stock 11,567 -- — 11,567 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 9,099 + 27 + 470 9,104 110,796 -891 +7,451 109,064 Currency in circulation 77,022 +970 +7,188 77,441 Treasury cash holdings 300 + 5 - 38 312 Treasury deposits with F.R. Banks 159 -890 - 961 256 Foreign deposits with F.R. Banks 302 -- - 278 272 Other deposits with F.R. Banks 2/ 703 -108 + 7 763 Other F.R. liabilities and capital 3,038 -274 + 300 2,997 81,524 -297 +6,218 82,041 Member bank reserves: With Federal Reserve Banks 29,271 -594 +1,231 27,022 Currency and coin 7,239 +114 + 492 ! 7,239 Total reserves held 36,510 -480 +1,639 ! 34,261 Required reserves 36,333 -355 +1,608 36,333 Excess reserves 177 -125 + 31 - 2,072 NOTE: A net of $198 million of surplus reserves were eligible to be carried forward from the week ended November 6, into the week ending November 13. On November 13, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $32,242 million, an increase of $400 million for the week. 1/ Excludes $ 1,870 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 118 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $ 54 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 (Cleveland District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4,1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERALR ESERVE BANKS (In millions of dollars) Wednesday Change since Nov. 13, Nov. 6, Nov. 14, 1974 1974 1973 A S S E TS Gold certificate account 11,460 -- — Special Drawing Rights certif. accts. * 400 P.- — Cash ( 932) 239 + 4 69 Loans 625 - 217 - 3,366 Acceptances—Bought outright 214 -- + 175 Held under repurchase agreements 2 190 65 Federal Agency obligations—Bought outright 4,011 ~ + 2,272 Held under repurchase agreements -- 580 199 U.S. Government securities: Bought outright—Bills 34,348 - 1,947 517 Certificates - Special — 131 — Other Notes 39,719 + 2,345 Bonds 3,097 - 331 Total bought outright 172/ 77,164 - 2,078 + 1,497 Held under repurchase agreements 759 - 1,812 Total U.S. Government securities 77,164 - 2,837 • 315 Total loans and securities 82,016 - 3,824 - 1,498 Cash items in process of collection (1,681) 9,296 + 819 - 503 Bank premises 255 + 37 Other assets 31/ 3,141 83 + 1,984 TOTAL ASSETS (2,613) 106,807 3,084 49 Federal Reserve notes ( 932) 68,782 + 711 + 6,712 Deposits: Member bank-reserves account 27,022 - 4,916 - 5,524 U. S. Treasurer—general account 256 + 256 - 1,274 Foreign 272 - 46 280 Other 4/ 763 + 56 + 66 Total deposits 28,313 - 4,650 - 7,012 Deferred availability cash items (1,681) 6,715 + 904 + 62 Other liabilities and accrued dividends 1,137 - 28 + 180 TOTAL LIABILITIES (2,613) 104,947 - 3,063 58 C A P I T AL ACCOUNTS. Capital paTd in 891 .... + 59 Surplus 844 — + 51 Other capital accounts 125 21 101 Contingent liability on acceptances purchased for foreign correspondents 2,050 14 + 1,450 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1870 million of securites sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 million securities loaned—fully secured by U.S. Government 2/ securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 4/ Includes $54 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 (Cleveland District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. NOVEMBER 1T 1Q74 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 35 40 5,587 - 2,748 49 - 531 16 days to 90 days 90 148 18,592 + 967 142 - 49 91 days to 1 year — 28 19,831 - 1,056 559 — Over 1 year to 5 years -,- — 21,289 — 1,937 — Over 5 years to 10 years — — 9,946 i- 836 — Over 10 years — -• 1,919 -- 488 -.- Total 625 216 77,164 2,837 4,011 580 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 13, 1974 New Phila Clever Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louir apolis City Dallas Fran cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 69,714 3,318 17,366 4,331 5,933 6,337 3,751 11,205 2,839 1,310 2,559 2,613 8,152 Deposits: Member bank reserves 27,022 786 8,783 1,026 1,796 1,191 1,611 3,523 833 555 909 1,389 4,620 U. S. Treasurer—general account 256 * * * * 256 * •k Foreign 272 12 1/ 56 14 25 16 21 46 10 7 12 16 37 Other 3/ 763 3 639 11 2 22 25 17 4 3 8 13 16 Total deposits 28,313 801 9,478 1,051 1,823 1,485 1,657 3,586 847 565 929 1,418 4,673 Deferred availability cash ileitis 8,396 431 1,431 513 521 1,155 646 1,168 354 469 660 51C 532 Other liabilities and accnl ed dividends 1.137 47 277 63 88 78 58 167 39 25 39 46 21C TOTAL LIABILITIES 107,560 4,597 28,552 5,958 8,365 9,055 6,112 16,126 4,079 2,369 4,187 4,593 13,567 CAPITAL ACCOUNTS Capital paid in 891 35 235 41 78 50 68 137 29 21 37 4G 112 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 125 4 41 4 8 9 10 17 4 3 5 6 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 109,42C 4,670 29,043 6,045 8,525 9,161 6,252 16,412 4.141 2,413 4,264 4.693 umi—^ Contingent liability on ace: eptances purchased for fore]Lg n correspondents 2,050 84 2/ 524 100 180 115. 149 322 70 47 84 113 262 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 3,419 17,885 4,403 6,060 6,524 4,028 11,375 2,977 1,358 2,710 2,835 8,688 Collateral for F. R. notes: Gold certificate account 100 — 400 330 835 100 700 200 U. S, Government securities 3^350 18,050 4,100 5,800 5,725 4,050 10.800 2,810 1.430 2,800 2,830 8.800 Total collateral 3,450 18,050 4,500 6,130 6,560 4,150 11,500 3,010 1,430 2,800 2,835 8,800 If After deducting $216 million participations of other Federal Reserve Banks. *Lj After deducting $ 1,526 million participations of other Federal Reserve Banks. Estimated (Cleveland District), 3/ Includes $ 54 million of certain deposits of domestic non-member banks 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 in the Federal Reserve System's program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.10>) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON November 13, 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston Atlanta Chicago Dallas York delphia land * mond Louis apolis City Francisco 0. n millions of dollars) A S S E TS Gold certificate account 11,460 456 4,395 820 1,050 1,353 461 1,333 332 96 202 212 750 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 932 55 166 28 47 77 134 83 21 22 37 71 191 Other cash 239 ! 16 20 10 28 16 35 21 22 9 20 14 28 Loans 625 3 1 58 9 39 152 203 14 8 40 57 41 Acceptances: Bought outright 214 — 214 — — — — — — — — Held under repurchase agreements 2 2 Federal Agency obligations-- Bought outright 4,011 175 998 219 326 305 210 646 149 84 154 179 566 Held under repurchase agreements U.S. Government securities: Bought outright-- Bills 34,348 1,502 8,549 1,873 2,791 2,610 1,798 5,530 1,278 717 1,322 1,532 4,846 Certificates: 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 1/2/ 77,164 1 3,374 19,206 4,208 6,271 5,863 4,039 12,424 2,871 1,611 2,970 3,441 10,886 Held under repurchase agreelne"nts Total U.S. Government securities 77,164 3,374 1* 206 4,208 6,271 5,863 4,039 12,424 2,871 1,611 2,970 3,441 10.886 Total loans and securities 82,016 3,552 20,421 4,485 6,606 6,207 4,401 13,273 3,034 1,703 3,164 3,677 11,493 Cash items in process of collection 10,977 448 ,845 566 620 1,358 1,110 1,415 658 510 755 628 1,064 Bank premises 255 61 12 27 26 14 14 16 14 34 17 12 8 Other assets 3/ 3,141 59 2,091 86 115 100 75 201 45 32 54 65 218 TOTAL ASSETS [109,420 4,670 29,043 6,045 8,525 9,161 6,252 16,412 4,141 2,413 4,264 4,693 13,801 1/ Excludes $1,870 million of securities sold, and scheduled to be bought back, under matched sale- purchase transactions, 27 Includes $118 million securities loaned—fully secured by U.S. Government securities pledged wit h Federal Reserve Banks, 2/ Includes assets denominated in foreign currencies. * Estimated (Cleveland District)„ Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis