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 27, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Nov. 27, Nov. 20 1 Nov. 28, Nov. 27, and related items 1974 * 1974 J 1973 1974 * Reserve Bank credit: (In millions of dollars) yy U.S. Government securities-- Bought outright~~System account 79,734 +549 +3,125 1 79,606 Held under repurchase agreements 825 +458 + 400 2,009 Federal Agency obligations-- Bought outright 4,342 + 47 +2,547 4,342 Held under repurchase agreements 311 +199 + 254 807 Acceptances-- Bought outright 338 + 82 + 296 395 Held under repurchase agreements 154 + 54 + 141 435 Loans-- Total member bank borrowing 1,481 +114 + 194 1,756 Includes seasonal borrowing of: 65 + 2 19 63 Other borrowing Float 2,079 -973 -1,262 2,071 Other F.R. assets 2,915 - 52 +2,044 2,909 Total Reserve Bank credit 92,178 +477 +7,738 94,330 Gold Stock 11,567 .- — 11,567 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 9,128 + 10 + 469 9,136 113,273 +487 +8,207 115,433 Currency in circulation ** 77,330 +121 +6,828 77,855 Treasury cash holdings ** 303 + 3 26 297 Treasury deposits with F.R. Banks 1,346 +697 - 507 1,315 Foreign deposits with F.R. Banks 303 -209 - 348 274 Other deposits with F.R. Banks 1/ 788 + 7 + 104 745 Other F.R. liabilities and capital 3,169 +109 + 183 3,220 83,238 +727 +6,232 83,706 Member bank reserves: With Federal Reserve Banks 30,034 -240 +1,974 31,727 Currency and coin 7,069 +496 + 775 7,069 Total reserves held 37,103 +256 +2,665 38,796 Required reserves 36,475 -306 +2,103 36,475 Excess reserves 628 +562 + 562 2,321 NOTE: A net of $25 million of surplus reserves were eligible to be carried forward from the week ended November 20, into the week ending November 27. On November 27, 1974, marketable U.S„ Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $32,486 million, a decrease, of $547 million for the week. 1/ Excludes $547 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $111 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 System1s program of credit restraint. * Estimated (San Francisco District). ** Estimated Treasury1s Figures. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CpNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Nov. 27, Nov. 20, Nov. 28, 19 74 ** 1974 1973 A S S E TS Gold certificate account 11,460 — -- Special Drawing Rights certif. accts. * 400 — — Cash (1,'082) 239 - 3 58 Loans 1,756 - 779 + 270 Acceptances—Bought outright 395 + 98 + 352 Held under repurchase agreements 435 + 161 + 418 Federal Agency obligations—Bought outright 4,342 — + 2,532 Held under repurchase agreements 807 + 516 + 728 U.S. Government securities: Bought outright--Bills 36,578 + 1,411 + 1,216 Certificates - Other Notes 39,774 187 + 1,588 Bonds 3,254 25 + 105 Total bought outright 1/2/ 79,606 + 1,623 + 2,909 Held under repurchase agreements 2,009 + 1,153 + 1.129 Total U.S. Government securities 81,615 + 2,776 + 4.038 Total loans and securities 89,350 +2,772 + 8,338 Cash items in process of collection (1,916) 7,021 - 2,081 - 2,266 Bank premises 258 + 2 + 37 Other assets .3/ 2,651 - 6 + 1,94? TOTAL ASSETS (2,998) 111,379 + 684 + 8,000 Federal Reserve notes (1,082) 69,148 + 487 + 6,630 Deposits: Member bank-reserves account 31,727 + 796 + 2,593 U. S. Treasurer—general account 1,315 - 34 686 Foreign 274 - 225 - 242 Other 4/ 745 + 106 + 100 Total deposits 34,061 + 643 + 1.765 Deferred availability cash items (1,916) 4,950 - 568 586 Other liabilities and accrued dividends 1.229 + 13 + 256 TOTAL LIABILITIES (2,998) 109,388 + 575 + 8,065 £ API T AL A C C O U N TS Capital paid in 893 + 2 + 55 Surplus 844 -_ -f 51 Other capital accounts 254 + 107 - 171 Contingent liability on acceptances purchased for foreign correspondents 1,751 - 195 + 1,146 * Figures in parentheses are the eliminations made in the consolidating process. \J Excludes $547 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $111 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Included 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 (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 27, 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 I changes Changes Within 15 days 1,733 395 6,095 + 2,230 888 + 527 16 days to 90 days 23 435 21,170 + 447 98 - 26 91 days to 1 year _. -- 19,509 95 640 + 18 Over 1 year to 5 years -- — 23,139 + 92 2,133 3 Over 5 years to 10 years — — 9,559 + 78 891 -- Over 10 years -- 2,143 + 24 499 — Total 1,756 830 81,615 + 2,776 5,149 + 516 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

E.4.Ut) STATEMENT 01? CONDITION OL EAC-i FEDERAL RESERVE BANL ON NOVEMBER 27, 1974 T Total Bostc. Y N o e r w k d P e h l i p l h a i a C l l a e n v d e m R o i n c d h Atlanta Chicago L S o t u . i s M a i p n o n l e i - s | K C a i n t s y a s Dallas F S r a a n n ci * s co (In millions of dollars) A S S E TS Gold certificate account 11,460 731 44? 926 \,823 1,435 799 2,273 761 305 466 479 1,019 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F S R» notes cf other banks i.,082 56 IS* 50 48 95 160 ?7 26 22 36 78 230 Other cash 23V 15 If 10 31 16 34 24 22 9 20 13 27 Loans 1,756 110 760 52 11 204 153 218 46 3 28 95 76 Acceptances: Bought outright 395 3S.r Held under repurchase agreements 435 — 435 — — — — — Federal Agency obligations-- Bought outright 4,342 190 021 237 353 330 227 699 161 91 167 194 664 Held under repurchase agreements 807 -- 80' — — — — -- U.S. Government securities. Bought outright— Ellis 36,57S 1,600 8,668 1,995 i,972 2,779 1,915 5,889 1,361 764 1,408 1,631 5,596 Certificates: Other — — — — — — — ,- -- — ._ -- Notes 39,774 1,739 9,425 2,169 3,232 3,022 2,082 6,404 1,480 831 1,531 1,774 6,085 Bonds 3,254 142 771 178 265 247 170 524 121 68 125 145 498 Total bought outright 1/ 2/ 79,606 3,481 18,364 ^,342 6,469 6,048 4,167 12,817 2,962 1,663 3,064 3,550 12,179 Held under repurchase agreements 2,009 2,009 Tota 1JJ._S. Governmeiit jecurlXies 81,615 3,481 20,873 4,342 6,469 6,048 4,167 12,817 2,962 1,663 3,064 3,550 12,179 Total loans and securities 89,350 3,781 24,299 4,631 6,833 6,582 4,547 13,734 3,169 1,757 3,259 3,839 12,919 Cash items in process of collection 8,937 322 1,367 314 518 930 960 1,339 451 462 689 595 990 Bank premises 258 62 12 28 27 14 14 16 14 34 17 12 8 Other assets 3/ __2 A 651 37 1,982 50 61 66 71 122 27 20 37 33 145 TOTAL ASSETS 114,377 5,02/ 28,398 6,032 9,374 9,174 6,607 17,675 4,485 2,616 4,539 5,063 15,387 U Excludes $547 miiliori of securities sold, and schedule I t^ be bought back, under matched sale-purchase transactions. 2/ Includes $111 million se^ur:*ties loaned--fuliy secured y U.S, ^vernment securities pledged with Federal Reserve Banks. 3/ Includes assets denominated *n foreign currencies. * Estinate." (Srr Francisco Dic'jrict). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(e) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 27, 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 70,230 3,337 17,453 4,374 6,057 6398 3,814 11,224 2,876 1,321 2,571 2,627 8,178 Deposits: Member bank reserves 31,727 1,060 8,137 1,102 2,490 1,600 1,814 4,842 1,082 732 1,162 1,638 6,068 U. S. Treasurer—general account 1,315 1^9 163 106 154 76 107 93 94 74 70 119 127 Foreign 274 1/ 73 13 24 15 20 42 9 6 11 15 35 Other 3/ 745 645 3 1 17 22 12 2 2 4 10 24 Total deposits 34,061 9,018 1,224 2,669 1,708 1,963 4,989 1,187 814 1,247 1,782 6,254 i.,. Deferred availability cash items 6,866 356 1,047 274 385 869 625 980 315 408 598 501 506 Other liabilities and accrued dividends 1,229 48 355 65 90 83 59 175 40 26 41 48_ 199 TOTAL LIABILITIES 112,386 4,949 27,873 5,937 9,201 9,058 6,461 17,368 4,418 2,569 4,457 4,958 ]L 5,137 CAPITAL ACCOUNTS Capital paid in 893 35 235 42 78 50 68 137 29 22 37 48 112 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 254 9 75 11 21 19 16 38 9 5 10 11 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 114,377 5,027 28,398 6,032 9,374 , 9q 74 6,607 17.675 4,485 2.616 4,53? 5.063 15.387 Contingent liability on accept ances purchased for foreign correspondents 1,751 72 446 86 154 98 128 2l§_ 6fl_ 4Q Z2_ 96_ 224 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 3,446 18,042 4,468 6,195 6,589 4,108 11,474 3,030 1,367 2,720 2,807 8,728 Collateral for F. R. notes: Gold certificate account 150 — 400 330 865 100 700 250 — — 5 U. S. Government securities 3,350 18,250 4.100 6.000 5.770 4.050 11.000 2.810 1.430 2.800 2.855 8.800 Total collateral 3,500 18,250 4,500 6,330 6,635 4,150 11,700 3,060 1,430 2,800 2,860 8,800 1/ After deducting $201 million participations of other Federal Reserve Banks. 2/ After deducting $1,305 million participations of other Federal Reserve Banks 3/ Includes $54 million of certain deposits of domestic non-member banks and foreign-owned banking institutions -»•* —her banks and redeposited in full with Federal Reserve Banks in connection with w l S^ S5Sj"ion Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis