H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m Factors Affecting Bank Reserves and •?r«r*£t Condition Statement of F.R. Banks H.4.1 For immediate release January 9, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 8, Jan. 1, Jan. 9, Jan. 8, and related items 1975* 1975 1974 1975 * Reserve Bank credit: (In millions of c lollars) 11//22// U.S. Government securities-- Bought outright—System account 80,899 - 145 +2,148 78,038 Held under repurchase agreements 481 - 862 + 317 — — Federal Agency obligations-- Bought outright 4,688 14 +2,768 4,688 Held under repurchase agreements 249 - 565 + 204 — — Acceptances-- Bought outright 588 + 21 + 523 588 Held under repurchase agreements 112 - 353 + 67 6 Loans-- Total member bank borrowing 312 - 249 - 464 125 Includes seasonal borrowing of: 19 3 — — 15 Other borrowing —— - - — — mm mm Float 3,460 + 116 - 939 2,920 Other F.R. assets 3.291 + 86 +2,059 3,460 Total Reserve Bank credit 94,079 -1,966 +6,682 89,825 Gold Stock 11,652 —— + 85 11,652 Special Drawing Rights certif. acct. 400 -- — - 400 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9.216 + 6 + 533 9.235 115,347 -1,960 +7,300 111,112 Currency in circulation ** 78,902 - 718 +7,047 78,733 Treasury cash holdings ** 212 - 117 212 Treasury deposits with F.R. Banks 1,850 - 756 494 741 Foreign deposits with F.R. Banks 324 9 - 220 381 Other deposits with F.R. Banks 3/ 987 + 91 + 288 776 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3,071 - 268 + 295 3.058 85,346 -1,661 +6,798 83,901 Member bank reserves: With Federal Reserve Banks 30,001 - 300 + 502 27,211 Currency and coin 7.346 14 + 616 7,346 Total reserves held 37,347 - 314 +1,051 34,557 Required reserves 37,167 + 156 + 957 37,167 Excess reserves 180 - 470 + 94 -2,610 NOTE: A net of $204 million of surplus reserves were eligible to be carried forward from the week ended January 1, into the week ending January 8. On January 8, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $33,119 million, an increase of $283 million for the week. 1/ Excludes $3,128 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $32 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in "full with Federal Reserve Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System1s program of credit restraint. Digitized for FRASER * Estimated (New York District). http://fraser.stlouisfed.org/ ** Estimated (Treasury's Figures). 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 Jan. 8, ** Jan. 1, Jan. 9, 1975 1975 1974 A S S E TS Gold certificate account 11,652 mm mm + 192 Special Drawing Rights certif. accts. * 400 mm — mm mm Cash (1,812) 248 + 8 - 18 Loans 125 - 176 - 1 ,979 Acceptances--Bought outright 588 + 9 t 523 Held under repurchase agreements 6 414 + 6 Federal Agency obligations--Bought outright 4,688 - 14 + 2 ,768 Held under repurchase agreements — - 511 — mm U.S. Government securities: Bought outright--Bills 34,730 - 2 ,035 - 919 Certificates Other -<- • •» •» mm Notes 40,024 + 15 + 1 ,510 Bonds 3.284 + 135 Total bought outright 11//22// 78,038 - 2 ,020 + 726 Held under repurchase agreements — — - 443 Total U.S. Government securities 78.038 - 2 ,463 + 726 Total loans and securities 83,445 - 3 ,569 + 2 ,044 Cash items in process of collection (1,557) 8,394 + 86 - 2 ,353 Bank premises 264 + 1 + 40 Other assets 3/ 3.196 + 262 + 1 ,976 TOTAL ASSETS (3,369) 107.599 - 3 ,212 + 1 ,881 L I A B I L I T I ES Federal Reserve notes (1,812) 69,958 - 958 + 6 ,448 Deposits: Member bank-reserves account 27,211 + 1 ,386 - 2 ,133 U. S. Treasurer--general account 741 - 2 ,372 - 2 ,139 Foreign 381 - 37 - 162 Other 4/ (1) 776 - 499 + 71 Total deposits (1) 29,109 - 1 ,522 - 4 ,363 . Deferred availability cash items ((11,,555566)) 5,474 - 854 485 Other liabilities and accrued dividends 1.138 4 + 176 TOTAL LIABILITIES (3,369) 105,679 - 3 ,338 + 1 ,776 capital accounts Capital paid in 897 + 51 Surplus 897 + 53 Other capital accounts 126 + 126 + 1 Contingent liability on acceptances purchased for foreign corresnondents 757 - 224 + 147 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Excludes $3,128 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $32 million of certain deposits of 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 (New York District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES« JANUARY 8. 1975 (Acceptances and securities held under repurchase agreements are classified as IIUUaaii..UUXX..JJLLUUKK WWJJ..LL11UU1111 JJ..JJ uueeyyoo iinn aatt ;;ccuurruu««nnccee \\v i m maximij m maturityJ oi cue aKrccmciiLOt j U.S. Goi zernment Federal Agency LLooaannss AAcccceepptt-- securdL ties obligations aanncceess Holdings Weekly Holdings Weekly changes Changes Within 15 days 91 77 4,385 - 554 6 - 529 16 days to 90 days 34 454 18,735 - 1,530 266 6 91 days to 1 year -- 63 20,007 394 580 + 6 Over 1 year to 5 years -- -- 23,135 + 15 2,344 + 4 Over 5 years to 10 years -- 9,612 — — 991 —— Digitized for FRAOSvEeRr 10 years -- -- 2.164 —— 501 —— http://fraser.stlouisfeTdo.toargl/ 125 594 78,038 - 2,463 4,688 - 525 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 8, 1975 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 11,652 624 5,004 463 552 902 159 1,489 388 146 238 483 1,204 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,812 102 327 114 114 150 227 151 53 32 57 116 369 Other cash 248 15 17 11 31 19 35 24 22 9 18 12 35 LLooaannss 125 3 17 42 7 15 1 2 13 21 4 AAcccceeppttaanncceess:: BBoouugghhtt oouuttrriigghhtt 588 588 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss 6 6 FFeeddeerraall AAggeennccyy oobblliiggaattiioonnss---- BBoouugghhtt oouuttrriigghhtt 4,688 211 1,041 265 397 374 268 766 183 105 183 213 682 HHeelldd uunnddeerr rreeppuurrcchhaassee aaggrreeeemmeennttss UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess:: BBoouugghhtt oouuttrriigghhtt—— BBiillllss 34,730 1,565 7^715 1,964 2,945 2,766 1,984 5,672 1,357 775 1,358 1,574 5,055 CCeerrttiiffiiccaatteess:: OOtthheerr NNootteess 40,024 1,804 8,891 2,263 3,393 3,189 2,286 6,536 1,565 893 1,565 1,814 5,825 BBoonnddss 3.284 148 729 186 278 262 188 536 129 73 128 149 478 Total bought outright 1/2/ 78,038 3,517 17,335 4,413 6,616 6,217 4,458 12,744 3,051 1,741 3,051 3,537 11,358 Held under repurchase agreements Total U.S. Government securities 78.038 3.517 17.335 4.413 6.616 6.217 4.458 12.744 3.051 1.741 3.051 3.537 11.358 Total loans and securities 83,445 3,728 18,973 4,695 7,013 6,633 4,733 13,525 3,235 1,848 3,247 3,771 12,044 Cash items in process of collection 9,951 419 1,717 332 461 1,037 1,044 1,342 484 480 871 675 1,089 Bank premises 264 65 12 31 26 15 14 16 14 34 17 12 8 Other assets 3/ 3.196 55 2.067 99 90 89 218 168 40 37 42 47 244 TOTAL ASSETS 110,968 5,031 28,210 5,768 8,320 8,881 6,452 16,785 4,251 2,593 4,505 5,130 15,042 1/ Excludes $3,128 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (New York 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 JANUARY 8, 1975 San New * Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond Atlanta CChhiiccaaggoo Louis apolis City DDaallllaass Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 71,770 3,415 17,868 4,436 6,202 6,478 3,903 11,300 2,961 1,428 2,615 2,683 8,481 Deposits: Member bank reserves 27,211 1,055 7,669 858 1,424 1,168 1,615 3,957 802 598 1,033 1,747 5,285 U. S. Treasurer--general account 741 50 80 33 47 173 1 89 82 39 10 20 117 Foreign 381 13 1/ 150 15 27 17 23 49 10 7 13 17 40 Other 3/ 111 1 685 5 1 13 22 16 2 3 5 6 18 Total deposits 29,110 1,119 8,584 911 1,499 1,371 1,661 4,111 896 647 1,061 1,790 5,460 Deferred availability cash items 7,030 372 1,010 270 364 841 669 908 289 446 709 503 649 Other liabilities and accrued dividends 1.138 SO 967 60 RR R9 74 170 41 96 41 50 709 TOTAL LIABILITIES 109,048 4,956 27,709 5,677 8,153 8,772 6,307 16,489 4,187 2,547 4,426 5,026 14,799 CAPITAL ACCOUNTS Capital paid in 897 35 235 42 78 50 69 138 30 22 37 49 112 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 126 5 31 7 11 Q 7 20 4 9 5 A 19 . TOTAL LIABILITIES AND CAPITAL ACCOUNTS 110,968 5,031 28,210 5.768 8.320 8.881 6,452 16,785 6,911 9,5QT 4,505 s i %n 15,042- — Contingent liability on acceptances purchased for foreign correspondents 757 31 22// 119933 37 67 42 55 119 26 17 %i 4? FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 75,236 3 ,560 18 ,559 4,561 6,429 6 ,748 4, 299 11 ,690 3,131 1,481 2,788 2,891 9,099 Collateral for F. R. notes: Gold certificate account 3,365 150 750 400 330 600 155 700 275 — — 5 mm mm Special Drawing Rights Certif. Acct 93 93 Acceptances 550 550 U. S. Government securities 72.224 3 ,425 17 ,300 4.200 6.200 6 ,200 4, 144 11 ,200 2.910 1.530 2,900 2,915 9,300 Total collateral 76,232 3 ,575 18 ,693 4.600 6,530 6 ,800 4, 299 11 , 900 1,1RS 1,530 .2,900 ?, 9?0 9,300 1/ After deducting $231 million participations of other Federal Reserve Banks, 2/ After deducting $564 million participations of other Federal Reserve Banks. 3/ Includes $32 of certain deposits of 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 (New York District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis