H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and '°f*zns£?y Condition Statement of F.R. Banks H.4.1 For immediate release February 6, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 5, Jan W, Feb. b, Feb. 5, and related items 1975 1975 1974 1975 Reserve Bank credit: (In millions "1777 U.S. Government securities-- Bought outright—System account 80,327 - 433 +2,025 79,259 Held under repurchase agreements ' 554 - 248 + 362 Federal Agency obligations- Bought outright 4,672 - 16 +2,761 4,650 Held under repurchase agreements 60 - 31 + 58 -- Acceptances-- Bought outright 672 + 10 + 602 659 Held under repurchase agreements 158 + 28 + 143 8 Loans-- Total member bank borrowing 97 - 46 - 901 89 Includes seasonal borrowing of: 11 + 1 7 11 Other borrowing — —— Float 2,066 + 80 - 119 4,637 Other F.R. assets 3.839 4- 349 +2.477 4^665 Total Reserve Bank credit 92,446 - 305 +7,409 93,967 Gold Stock 11,634 - 1 + 67 11,629 Special Drawing Rights certif. acct. 400 - - 400 Treasury currency outstanding 9,267 + 21 + 536 9.270 113,747 - 285 +8,012 115,266 Currency in circulation * 76,489 218 +6,554 76,897 Treasury cash holdings * 212 - 137 212 Treasury deposits with F.R. Banks 2,634 - 371 - 450 779 Foreign deposits with F.R. Banks 342 70 + 36 277 Other deposits with F.R. Banks 3/ 848 + 50 + 159 732 Other F.R. liabilities and capital 3,741 + 346 + 794 4.859 84,266 - 123 +6,955 83,756 Member bank reserves: With Federal Reserve Banks 29,480 - 164 +1,056 31,510 Currency and coin 7,466 - 270 + 482 7.466 Total reserves held 36,946 - 434 +1,471 38,976 Required reserves 36,664 - 510 +1,313 36,664 Excess reserves 282 76 + 158 2,312 NOTE A net of $24 million of surplus reserves were eligible to be carried forward from the week ended January 29, into the week ending February 5. On February 5, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $35,111 million, an increase of $131 million for the week. 1/ Excludes $1,427 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $234 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $31 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Bapks in connection with voluntary participation by non-member 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 Feb. 5, Jan. 29,|Feb. 6, 1975 1975 I 1974 A S S E TS Gold certificate account 11,629 6 + 169 Special Drawing Rights certif. acct®* * 400 -- -- Cash ((22,,003344)) 322 + 13 + 12 Loans 89 - 70 - 767 Acceptances—Bought outright 659 + 1 + 590 Held under repurchase agreements 8 - 213 + 8 Federal Agency obligations—Bought outright 4,650 - 38 + 2,761 Held under repurchase agreements -- - 151 U.S. Government securities: Bought outright--Bills 35,545 - 1,194 - 545 Certificates Other Notes 40,403 + 1,812 Bonds 3.311 — — + 162 Total bought outright 11//22// 79,259 - 1,194 + 1,429 Held under repurchase agreements m* — - 1.013 -- Total U.S. Government securities 79.259 - 2,207 + 1,429 Total loans and securities 84,665 - 2,678 + 4,201 Cash items in process of collection ((11,,440011)) 9,724 + 2,322 + 1,339 Bank premises 269 + 2 + 45 Other assets 3/ 4.396 + 1.065 + 3.151 TOTAL ASSETS (3,435) 111.405 + 718 + 8.737 L I A B I L I T I ES Federal Reserve notes ((22,,003344)) 68,161 + 217 + 5,957 Deposits: Member bank-reserves account 31,510 + 1,463 + 3,292 U. S. Treasury —general account 779 - 2,663 - 2,340 Foreign 277 - 57 + 45 Other 4/ 732 24 - 8 Total deposits 33,298 - 1,233 + 989 Deferred availability cash items (1,401) 5,087 + 321 - 318 Other liabilities and accrued dividends 2.985 + 1.794 + 2.020 TOTAL LIABILITIES (3,435) 109,531 + 1,099 + 8,648 C A P I T AL A C C O U N TS Capital paid in 901 + 50 Surplus 897 -- + 53 Other capital accounts 76 - 381 14 Contingent liability on acceptances purchased for foreign correspondents 316 79 274 * Figures in parentheses are the eliminations made in the consolidating process. Excludes $1,427 million of securities sold, and scheduled to be bought back, i/ under matched sale-purchase transactions. 2/ Includes $234 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $31 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 5. 1975 (Acceptances and securities held under repurchase agreements are classified as « i • — 1 — — ^ t i.L +" a f 4"k A 0 01*0 DTTIOn t* Q . U.S. Government Federal Agency LLooaannss AAcccceepptt-- securjL ties obligations aanncceess Holdings Weekly Holdings Weekly changes Changes Within 15 days 79 163 6,086 566 - 202 16 days to 90 days 10 387 17,309 1,254 259 + 42 91 days to 1 year 117 20,561 387 587 - 29 Over 1 year to 5 years 23,440 2,313 Over 5 years to 10 years — 9,673 990 Digitized for FORvAeSr E1R0 years ZZ 2.190 501 http://fraser.stlouTiostfeadl.o r8g9/ 667 79,259 - 2,207 4,650 - 189 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 5, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS Gold certificate account 11,629 570 4,158 406 646 977 197 1,349 213 220 76 274 2,543 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 2,034 135 389 154 143 163 253 145 46 26 47 155 378 Other cash 322 20 28 12 39 27 43 35 26 11 23 17 41 Loans 89 9 * 12 1 37 5 7 1 * 2 13 2 Acceptances: H B e o l u d gh t u n o d u e t r r r ig e h pu t r chase agreements 65 8 9 -- 659 8 — — — — — -- -- — -- Federal Agency obligations— Bought outright 4,650 206 1,120 252 381 357 257 750 183 101 185 216 642 Held under repurchase agreements U.S. Government securities: Bought outright— Bills 35,545 1,572 8,561 1,925 2,914 2,725 1,963 5,732 1,399 774 1,415 1,654 4,911 Certificates: Other Notes 40,403 1,787 9,731 2,188 3,312 3,098 2,232 6,516 1,590 879 1,609 1,879 5,582 Bonds 3,311 147 797 179 271 254 183 534 131 72 132 154 457 Total bought outright 1/2/ 79,259 3,506 19,089 4,292 6,497 6,077 4,378 12,782 3,120 1,725 3,156 3,687 10,950 Held under repurchase agreements Total U.S. Government securities 79.259 3.506 19.089 4.292 6.497 6.077 4.378 12.782 3.120 1.725 3.156 3.687 10.950 Total loans and securities 84,665 3,721 20,876 - 4,556 6,879 6,471 4,640 13,539 3,304 i;826 3,343 3,916 11,594 B C O a a t n s he k h r p i r t a e e s m m s i s e s t e i s s n 3 / p rocess of collection 1 4 1 . , 2 3 1 6 9 2 9 6 5 37 6 6 3 8 0 2 2 . , 1 6 8 6 1 3 1 2 39 3 8 5 3 1 5 1 7 2 0 5 6 4 1,11 9 1 2 9 5 1,00 1 7 7 4 9 1, 2 4 0 3 1 3 4 6 46 5 1 5 5 4 44 3 3 9 4 5 7 5 5 1 5 6 7 66 1 7 6 2 2 1 1 . , 3 2 7 3 0 2 8 TOTAL ASSETS 114,840 4,970 30,400 5,660 8,445 8,900 6,255 16,791 4,138 2,608 4,332 5,126 17,215 1/ Excludes $1,427 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. * Less than $500,000• 2/ Includes $234 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Z_! Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

1.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 5, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Fran- (In millions of dollars) L I A B I L I T I ES D F e e p d o e s r i a t l s : R eserve notes 70,195 3,337 17,540 4,344 6,096 6,426 3,728 11,038 2,925 1,415 2,541 2,619 8,186 O D t e h f M F O U e e e . t o r r m h r l S r b e e o l . e r e i c i d r a g a T l n a b b r v i a d e a l n e a i i k p s l t o u i a s r r e b i e e s i t s r l s e - i a r - t n v g y d e e s n a c e c a r c s a r h l u i e a d t c e c m o s u nt 3 6 1 , , ' 7 2 5 7 3 7 7 1 4 2 7 9 0 8 8 L 1 1 2 , , 3 1 1 3 8 4 3 1 0 3 1 0 0 1 1 1 1 / 0 , , 6 1 9 8 3 4 9 1 9 6 1 7 8 6 1 9 2 9 8 5 2 5 4 1 2 3 0 8 8 2 1 1 , , 3 7 6 6 3 2 9 1 1 8 5 2 4 8 1 1 , , 7 5 3 1 1 3 5 5 7 1 7 3 9 2 6 4 1 1 , , 5 7 6 2 6 6 2 9 1 3 3 3 4 7 9 4 4 , , 8 4 3 5 5 8 3 2 5 2 0 5 9 1 8 2 7 3 7 5 7 1 5 5 5 9 0 3 7 6 8 3 4 8 4 3 9 4 5 6 1, 6 0 9 1 5 6 8 1 2 2 9 3 3 1 1 1 , , 4 9 7 1 1 5 0 1 7 0 2 4 4 4 4 4 6 5 , , 0 6 8 1 6 3 3 8 0 7 5 2 7 0 di mT v O i /"XT d fT e Ai AL n T d t L s t IA At>B tIt LTmI ttTiIES n 11 2 2, , 9 9 6 8 6 5 4,89 47 7 29,9 2 0 5 9 5 5,57 5 2 5 8,28 8 2 3 8,79 7 5 7 6,11 5 3 9 16,5 1 0 6 0 0 4,07 3 4 9 2,56 2 3 6 4,2 6 5 ? 4 5,02 6 3 6 16 9 , 9 0 8 9 4 6 CAPITAL ACCOUNTS C S Ot a u h p r e i p r Tf l t p O u a Am c s l T A a AT p p LT i a TP t i L A a d I t l A > i BT n a tI T c Lm c Itt o Ti u I n E n t S s a AND 8 9 9 0 7 7 1 6 3 3 3 5 5 2 2 2 3 3 1 5 5 4 4 2 2 4 7 7 8 6 9 5 5 0 5 0 6 6 4 9 9 1 1 3 1 3 8 4 9 3 3 4 0 0 2 2 2 2 1 3 3 7 8 3 4 5 9 A 0 1 1 1 1 2 2 CAPITAL ACCOUNTS 114,840 4,970 30,400 5,660 8,445 8,900 6,255 16.791 4,138 2.608 4 r -m 5,196 17 91 R Contingent liability on acceptances purchased for foreign correspondents 316 12 2/ 83 15 27 17 ?4 49 11 a 17 AO FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,448 3,504 18,551 4,487 6,373 6,686 4,259 11,506 3,084 1,464 Collateral for F. R. notes: 2,736 2,811 8,987 Gold certificate account 3,207 150 750 400 205 660 155 700 182 Special Drawing Rights certif. acct 5 Acceptances 425 U. S. Government Securities 72,492 3 >425 17 425 4,200 6,325 6,062 4,250 11,200 2,960 1,530 ? 2,900 2,915 9.300 3,575 18,693 4,600 6,530 6,722 M-05 11,900 3,142 1,530 1/ After deducting $188 million participations of other Federal Reserve Banks. 2/ After deducting $233 million participations of other Federal Reserve Banks. 3/ Includes $31 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis x