H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and ••f^fs?^- Condition Statement of F.R. Banks H.4.1 For immediate release December 12, 1974 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Dec. 11, Dec. 4, Dec. 12, Dec. 11, and related items 1974 1974 1973 1974 Reserve Bank credit: (In millions of dollars) 1/2/ U.S. Government securities-- Bought outright—System account 80,583 + 958 +4,321 80,536 Held under repurchase agreements 366 - 746 - 210 | 802 Federal Agency obligations-- Bought outright 4,342 «... +2,568 ! 4,342 Held under repurchase agreements 154 - 326 + 39 507 Acceptances-- Bought outright 474 + 67 + 429 i 493 Held under repurchase agreements 74 - 196 + 20 | 241 Loans-- Total member bank borrowing 647 - 425 - 656 1 1,160 Includes seasonal borrowing of: 34 - 17 11 32 Other borrowing Float 2,540 - 298 - 40 2,952 Other F.R. assets 3,053 - 60 +2,090 3,047 Total Reserve Bank credit 92,232 -1, 026 +8,559 94,080 Gold Stock 11,603 + 36 + 36 11,652 Special Drawing Rights certif. acct. 400 — — 400 Treasury currency outstanding 9,163 + 23 + 497 9,170 113,398 968 +9,092 115,302 Currency in circulation *78,473 + 552 +7,244 79,004 Treasury cash holdings * 289 - 31 26 212 Treasury deposits with F.R. Banks 1,303 - 161 - 294 690 Foreign deposits with F.R. Banks 320 - 133 + 23 358 Other deposits with F.R. Banks 3/ 893 - 131 + 242 924 Other F.R. liabilities and capital 3,090 160 + 321 3,149 T~ 84,369 63 +7,511 84,337 Member bank reserves: With Federal Reserve Banks 29,0.29 - 904 +1,581 30,965 Currency and coin 7^242 + 124 + 330 7,242 Total reserves held 36,271 780 +1,827 38,207 Required reserves 36,460 - 236 +1,988 36,460 Excess reserves -189 - 544 - 161 1,747 NOTE: A net of $221 million of surplus reserves were eligible to be carried forward from the week ended December 4, into the week ending December 11. On December 11, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were .'"32,865 million, a decrease of $80 million for the week. 1/ Excludes $127 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $92 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $52 million of certain deposits of domestic nonmember banks and foreignowned 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 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. 11, |Dec. 4, |Dec. 12, U1A 1974 1973 A S S E TS Gold certificate account 11,652 + 192 + 192 Special Drawing Rights certif. accts. * 400 — — Cash (1,021) 242 - 2 51 Loans 1,160 + 846 - 421 Acceptances—Bought outright 493 + 56 + 445 Held under repurchase agreements 241 + 70 + 190 Federal Agency obligations—Bought outright 4,342 — 4- 2,617 Held under repurchase agreements 507 + 198 + 428 U.S. Government securities: Bought outright—Bills 37,508 + 3,431 + 2,978 Certificates - Other Notes 39,774 — + 1,588 Bonds 3,254 — + 105 Total bought outright 1/2/ 80,536 + 3,431 + 4,671 Held under repurchase agreements . 802 + 287 + 265 Total U.S. Government securities 81,338 + 3,718 + 4,936 Total loans and securities 88,081 + 4,888 + 8,195 Cash items in process of collection (1,537) 7,897 - 710 - 837 Bank premises 259 -- + 38 Other assets 3/ 2,79$ ± WQ. + 1,953 TOTAL ASSETS (2,558) 111.319 + 4,468 JL9 .49Q lil^SItlllE S Federal Reserve notes (1,021) 70,288 + 620 + 6,724 Deposits: Member bank-reserves account 30,965 + 5,199 + 3,591 U. S. Treasurer—general account 690 878 - 834 Foreign 358 53 + 61 Other 4/ 924 + 83 + 292 Total deposits 32,937 + 4,351 + 3,110 Deferred availability cash items (1,537) 4,945 - 441 - 692 Other liabilities and accrued dividends 1,171 - 178 + 212 TOTAL LIABILITIES (2,558) 109,341 + 4,352 + 9,354 £ £P I T AL A C C O U N TS Capital paid in ~" "" 894 1 + 56 Surplus 844 -. + 51 Other capital accounts 240 + 117 + 29 Contingent liability on acceptances purchased for foreign correspondents 1,408 - 182 + 795 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $127 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2_/ Includes $92 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign burrencies. 4/ Includes $52 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 11, 1Q74 (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 ,136 302 6,584 + 3,689 507 + 138 16 days to 90 days 24 369 20,751 + 755 260 + 117 91 days to 1 year -- 63 19,162 - 726 538 - 78 Over 1 year to 5 years — _.- 23,138 _.. 2,168 + 35 Over 5 years to 10 years — -- 9,559 — 916 + 25 Over 10 years — 2,144 460 - 39 Total 1 ,160 734 81,338 + 3,718 4,849 + 198 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 DECEMBER 11, 1974 New Phila Cleve Rich St. Minne Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (In millions of dollars) A S S E TS Gold certificate account 11,652 700 4,083 676 955 763 273 1,475 465 117 350 414 1,381 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,021 ! 42 212 45 46 79 148 88 24 18 38 80 201 Other cash ! 242 1 15 18 9 29 18 37 21 21 8 19 13 34 LOANS 1,160 9 318 70 7 83 143 264 48 30 17 54 117 Acceptances: Bought outright 493 — 493 — — — — — — — — — — Held under repurchase agreements 241 — 241 — — — -- .- .. «.- -- • - — Federal Agency obligations-- Bought outright 4,432 196 987 241 360 345 248 699 166 95 168 192 645 Held under repurchase agreements 507 — 507 — — — — -.- -- — -. -- -_ U.S. Government securities: Bought outright— Bills 37,508 1,693 8,528 2,080 3,111 2 ,979 2,140 6,042 1,430 823 1,451 1 ,658 5,573 Certificates: Other 1 — — -- — — -- -- -- -- -- __ _- Notes 39,774 1,795 9,043 2,206 3,299 3 ,159 2,269 6,407 1,517 872 1,539 1 ,758 5,910 Bonds 3,254 147 740 180 270 258 186 524 124 71 126 144 484 Total bought outright 1/ 27 80,536 3,635 18,311 4,466 6,680 ~6~, 396 4,595 12,973 3,071 1,766 3,116 ~~T5 60 11,967 Held under repurchase agreements an? -- an? .. -.- «... _,«. «... -- -«. -_ —— Total U.S. Government securities 81,338 3,635 19,113 4,466 6,680 6 ,396 4,595 12,973 3,071 1,766 3,116 3 ,560 11,967 Total loans and securities 88,081 3,840 21,659 4,777 7,047 6 ,824 4,986 13,936 3,285 1,891 3,301 3 ,806 12,729 Cash items in process of collection 9,434 377 1,384 334 468 1 ,122 1,079 1,384 464 420 784 653 965 Bank premises 259 63 12 29 26 14 14 16 14 34 17 12 8 Other assets 3/ 2,788 39 2,010 78 75 75 59 134 31 43 33 39 172 TOTAL ASSETS 113,877 ! 5,099 29,471 5,971 8,679 8 ,931 6,618 17,124 4,319 2,538 4,557 5 ,031 15,539 1/ Excludes $127 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction, 2/ Includes $92 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ Includes assets denominated in foreign currencies. 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 11, 1974 San New Phila Cleve Rich St. Minne Kansas Total Boston Atlanta Chicago Dallas Fran York delphia land mond Louis apolis City cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 71,309 3,393 17,640 4,422 6,175 6,459 3,917 11,359 2,940 1,363 2,621 2,664 8,356 Deposits: Member bank reserves 30,965 l r 177 8,916 1,057 1,809 1,240 1,892 4,326 897 673 1,149 1,663 6,166 U. S. Treasurer--general account 690 46 117 59 57 118 52 7 65 20 46 57 46 Foreign 358 9 1/ 191 11 20 13 16 35 8 5 9 12 29 Other 3/ 924 3 805 5 2 15 26 11 2 2 7 10 36 Total deposits 32,937 1,235 10,029 1,132 1,888 1,386 1,986 4,379 972 700 1,211 1,742 6,277 Deferred availability cash items 6,482 344 979 259 357 889 500 911 300 403 603 470 467 Other liabilities and accrued dividends 1,171 50 300 64 89 84 69 172 41 25 41 50 186 TOTAL LIABILITIES Lll,899 5,022 28,948 5,877 8,509 8,818 6,472 16,821 4,253 2,491 4,476 4,926 15,286 CAPITAL ACCOUNTS Capital paid in 894 35 235 42 78 50 68 137 29 22 37 49 112 Surplus 884 34 215 42 74 47 62 132 29 20 35 46 108 Other capital accounts 240 8 73 10 18 16 16 34 8 5 9 10 33 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,877 5,099 29.471 5.971 8,679 9,931 6,618 17,124 4,319 2,538 4,557 5,Q31 15.539 Contingent liability on ac<: eptances purchased for foreign corre s pondent s 1,408 58 2/ 358 69 124 79 103 221 48 32 58 78 180 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 74,024 3,485 18,245 4,490 6,304 6,632 4,212 11,594 3,083 1,416 2,779 2,857 8,927 Collateral for F. R. notes: Gold certificate account 3,368 150 400 450 330 763 270 700 300 5 U. S. Government securities 71.935 3.400 17.950 4.100 6.200 5.955 4.050 U,Q0Q 2.860 1,43Q 2 800 2 890 9.300 r r Total collateral 75,303 3,550 18,350 4,550 6,530 6,718 4,320 11,700 3,160 1,430 2,800 2,895 9,300 \j After deducting $167 million participations of other Federal Reserve Banks. 2/ After deducting $1,050 million participations of other Federal Reserve Banks. 3/ Includes $52 million of certain deposits of domestic non-member 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