H.4.1 Factors Affecting Reserve Balances of Depository Institutions

iiSS»« FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release December 5, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 4, Nov. 27, Dec. 5, Dec. 4, * and related items 1974 * 1974 1973 1974 Reserve Bank credit: (In millions of dollars) 1/2/ U.S. Government securities-- Bought outright--System account 79,625 109 +3,203 77,105 Held under repurchase agreements 1,112 287 - 26 515 Federal Agency obligations-- Bought outright 4,342 +2,532 4,342 Held under repurchase agreements 480 + 169 + 318 309 Acceptances-- Bought outright 407 + 69 + 362 437 Held under repurchase agreements 270 + 116 + 196 171 Loans-- Total member bank borrowing 1,072 409 - 406 314 Includes seasonal borrowing of: 51 14 6 37 Other borrowing Float 2,834 + 734 + 338 3,114 Other F.R. assets 3,115 + 198 +2,173 2,962 Total Reserve Bank credit 93,257 +1,056 +8,689 89,269 Gold Stock 11,567 11,567 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 9,140 12 + 479 9,141 114,364 +1,068 +9,168 110,377 Currency in circulation 'w 77,919 + 591 +7,426 78,335 Treasury cash holdings ** 320 + 13 14 320 Treasury deposits with F.R. Banks 1,464 + 118 - 420 1,568 Foreign deposits with F.R. Banks 453 + 150 + 13 411 Other deposits with F.R. Banks 1,024 + 236 + 354 846 Other F.R. liabilities and capital 3,251 77 + 293 3,221 84,432 +1 ,186 +7 ,652 84 701 Member bank reserves: With Federal Reserve Banks 29,932 - 117 +1 ,515 25,6 76 Currency and coin 7,118 + 49 + 713 _L 118 Total reserves held 37,050 68 +2,144 32,794 Required reserves 36,696 + 221 +2,228 36,696 Excess reserves 354 - 289 - 84 - 3,902 NOTE A net of $200 million of surplus reserves were eligible to be carried forward from the week ended November 27, into the week ending December 4. On December 4, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $32,945 million, an increase of $459 million for the week. 1/ Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $176 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 and Chicago Districts). ** Estimated Treasury's Figures. 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 ** Dec. 4, Nov. 27, Dec. 5, 1974 1974 1973 A S S E TS Gold certificate account 11,460 —— «... Special Drawing Rights certif. accts. * 400 — — Cash (1,055) 244 1 - 50 Loans 314 - 1,442 - 373 Acceptances—Bought outright 437 + 42 + 394 Held under repurchase agreements 171 - 264 + 36 Federal Agency obligations—Bought outright 4,342 -- + 2,532 Held under repurchase agreements 309 498 + 94 U.S., Government securities: Bought outright--Bills 34,077 - 2,501 981 Certificates Other -- Notes 39,774 4-1,588 Bonds 3,254 — 105 Total bought outright 1/2/ 77,105 - 2,501 + 712 Held under repurchase agreements 515 - 1,494 - 706 Total U.S. Government securities 77,620 - 3,995 + 6 Total loans and securities 83,193 -.6,157 + 2,689 Cash items in process of collection (1,709) 8,414 + 1,240 - 1,120 Bank premises 259 + 1 + 38 Other assets 3/ 2,703 + 39 + 1,954 TOTAL ASSETS (2,764) 106,673 - 4,878 3,511 L I A B I L I T I E S. Federal Reserve notes (1,055) 69,651 + 481 + 6,819 Deposits: Member bank-reserves account 25,676 - 6,051 -3,493 U. S. Treasurer—general account 1,568 + 253 - 137 Foreign 411 + 137 + 42 Other 4/ (5) 846 + 101 + 130 Total deposits (5) 28,501 - 5,560 -3,458 Deferred availability cash items (1,704) 5,300 + 239 - 351 Other liabilities and accrued dividends 1,349 + 84 ±- 374 TOTAL LIABILITIES (2,764) 104,801 - 4,756 + 3,384 £ A L 11 A k A £ £ 2 u N T S. 895 -1- 2 + 58 Capital paid in 844 — + 51 Surplus 133 124 + 18 Other capital accounts Contingent liability on acceptances purchased for foreign correspondents 1,590 - 161 + 983 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2_/ Includes $176 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks* 3/ 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 System1s program of credit restraint. ** Estimated (Cleveland and Chicago Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 4 1974 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 275 234 2,895 3,200 369 - 519 16 days to 90 days 39 323 19,996 - 1,174 143 + 45 91 days to 1 year 51 19,888 + 379 616 - 24 Over 1 year to 5 years 23,138 1 2,133 -- Over 5 years to 10 years 9,559 891 — Over 10 years 2,144 1 499 — Total 314 608 77*620 - 3,995 4,651 - 498 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.Hb) STATEMENT 01 CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 4, 1974 Total Boston N Yo e r v l . P d h e i l l p a h ia C l l a e n v d e ^ m R o i n c d h At 1 art a Chicago L S o t. u is M a i p n o n l e i s K C a i n ty s as Dallas F S r an a ncisco (In millions of dollars) A S S E TS Gold certificate account 11,460 313 4,454 755 40 1,101 354 1,287 503 240 328 445 1,040 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,055 47 214 50 51 87 156 82 25 21 36 86 200 Other cash 244 15 18 9 31 17 34 25 21 9 19 13 33 Loan 314 8 92 23 55 20 13 2 16 32 5 Acceptances: Bought outright 437 __ 437 Held under repurchase agreements 171 — 171 Federal Agency obligations-- Bought outright 4,342 196 987 241 360 345 248 699 166 95 168 192 645 Held under repurchase agreements 309 -- 309 U.S. Government securities: Bought outright-- Bills 34,077 1,538 7,748 1,890 2,826 2,70( 1,945 i,489 1,299 748 1,318 1,507 5,063 Certificates: Other Notes 39,774 1,795 9,043 2,206 3,299 3,15C 2,269 6,407 1,517 872 1,539 1,758 5,910 Bonds 3.254 147 740 180 270 25? 186 524 124 71 126 144 484 Total bought outright \J 2/ 77,105 3,480 17,531 4,276 6,395 6,123 4,400 12,420 2,940 1,691 2,983 3,409 11,457 Held under repurchase agreements 515 515 Total U.S. Government securities 77.62C 3.480 18.046 4,276 6,395 6,12 4,400 12.420 2,940 1,691 2,983 3,409 11,457 Total loans and securities 3,684 20,042 4,540 6,755 6,516 4,703 13,139 3,119 1,788 3,167 3,633 12,107 Cash items in process of collection 409 1,601 345 505 1,020 1,242 1,398 477 471 813 667 1,175 Bank premises 63 12 28 27 14 14 16 14 34 17 12 8 Other assets 3/ 41 1,976 63 68 69 56 132 29 22 30 35 182 TOTAL ASSETS 109,437 4,595 28,410 5,813 8,110 3,8'G 6,581 16,149 4,203 2,592 4,425 4,905 14,794 1/ Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction, 2./ Includes $176 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks„ 3/ Includes assets denominated in foreign currencies. * Estimated (Cleveland and Chicago Districts). 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 December 4, 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 70,706 3,365 17,541 4,398 6,095 6,436 3,852 11,271 2,904 1,331 2,589 2,642 8,282 Deposits: Member bank reserves 25,676 605 7,793 866 1,103 1,105 1,794 3,229 781 714 1,033 1,549 5,104 U. S. Treasurer--general account 1,568 111 260 83 148 220 101 307 81 33 47 58 119 Foreign 411 14 1/ 160 16 30 19 25 53 11 8 14 18 43 Other 11 J 851' 6 748 4 1 17 11 15 9 2 4 9 25 Total deposits 28,506 736 8,961 969 1,282 1,361 1,931 3,604 882 757 1,098 1,634 5,291 Deferred availability cash items 7,00^ 373 1,119 296 470 884 595 817 313 433 619 482 603 Other liabilities and accrued dividends 1,349 50 293 63 92 73 63 175 42 27 42 47 382 TOTAL LIABILITIES 107,565 4,524 27,914 5,726 7,939 8,754 6,441 15,867 4,141 2,548 4,348 4,805 14,558 CAPITAL ACCOUNTS Capital paid in 895 35 235 42 78 50 68 138 29 22 37 49 112 Surplus 844 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 133 2 46 3 19 9 10 12 4 2 5 5 16 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 109,437 4,595 _28,410 5,813 8,110 8,860 6,581 16,149 4,203 2,592 4,42? 4,905 14,794 Contingent liability on accept ances purchased for foreign correspondents 1,590 65 2/ 405 78 140 89 116 250 54 37 65 87 204 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 73,420 3,474 18,109 4,459 6,243 6,626 4,139 11,519 3,080 1,364 2,724 2,799 8,884 Collateral for F. R. notes: Gold certificate account 3,480 150 400 400 330 895 300 700 300 5 U. S. Government securities 70,915 3,350 17,750 4,100 6,000 s,77n n 000 2.810 l 430 2 800 2,855 9,000 r r Total collateral 74,395 1 3,500 18,150 4,500 6,330 6,665 4,350 11,700 3,110 1,430 2,800 2,860 9,000 1/ After deducting $251 million participations of other Federal Reserve Banks. 2/ After deducting $1,185 million participations of other Federal Reserve Banks. 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 -_._..,..: ^„ ^ Ppderal Reserve System's Droeram of credit restraint. 0 An a Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis