H.4.1 Factors Affecting Reserve Balances of Depository Institutions

0?GOW*-. FEDERAL RESERVE Din Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 13, 1975 Averages of daily figures Member bank reserves, Week ended an|£ from week ended Wednesday Reserve Bank credit, Feb. 12, Feb (Feb. 13, Feb. 12, and related items 1975 * 1975 1974 1975 * Reserve Bank credit: (In millions of dollars) 1717 U.S. Government securities-- Bought outright—System account 78,461 -1,866 - 101 79,091 Held under repurchase agreements 586 + 32 + 378 2,049 Federal Agency obligations-- Bought outright 4,650 22 +2,761 4,650 Held under repurchase agreements 104 44 + 85 364 Acceptances-- Bought outright 648 24 + 578 628 Held under repurchase agreements 96 62 4- 82 314 Loans-- Total member bank borrowing 90 7 -1,063 118 Includes seasonal borrowing of: 10 1 5 10 Other borrowing Float 2,030 134 - 238 2,910 Other F.R. assets 3,680 159 +2,218 3,580_ Total Reserve Bank credit 90,344 -2,200 +4,699 93,704 Gold Stock 11,628 6 + 61 11,625 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 9,271 + 524 9,275 111,644 -2,201 +5,285 115,004 Currency in circulation ** 77,079 + 590 +6,5 79 77,517 Treasury cash holdings ** 212 - 131 212 Treasury deposits with F.R. Banks 1,492 -1,142 -1,939 1,308 Foreign deposits with F.R. Banks 270 72 + 14 250 Other deposits with F.R. Banks 3/ 634 - 214 30 683 Other F.R. liabilities and capital 3,342 - 399 + 536 3,174 83,028 -1,238 +5,029 83,144 Member bank reserves: With Federal Reserve Banks 28,616 - 962 + 256 31,860 Currency and coin 7,459 7_ + 538 7,459 Total reserves held 36,075 - 969 + 727 39,319 Required reserves 35,973 - 673 + 919 35,973 Excess reserves 102 - 296 - 192 3,346 NOTE: A net of $155 million of surplus reserves were eligible to be carried forward from the week ended February 5, into the week ending February 12. On February 12, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $35,367 million, an increase of $256 million for the week. 1/ Excludes $535 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $148 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 Banks in connection with voluntary participation by non-member institutions in the Federal Reserve System's program of credit restraint. * Estimated (Cleveland District). ** 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) Feb. 12, Feb. 5, Feb> . 13, 197S ** 1Q7S 197A A S S E TS Gold certificate account 11,625 - 4 + 165 Special Drawing Rights certif. acct. * 400 -- — Cash (1,894) 332 + 10 + 23 Loans 118 + 29 - 2,382 Acceptances—Bought outright 628 - 31 + 557 Held under repurchase agreements 314 + 306 + 214 Federal Agency obligations--Bought outright 4,650 + 2,761 Held under repurchase agreements 364 + 364 + 234 U.S. Government securities: Bought outright—Bills 35,377 - 168 - 1,706 Certificates Other — — —— — — Notes 40,403 —— + 1,812 Bonds 3.311 —— + 162 Total bought outright 11//22// 79,091 - 168 + 268 Held under repurchase agreements 2.049 + 2,049 + 591 Total U.S. Government securities 81.140 + 1,881 + 859 Total loans and securities 87,214 + 2,549 + 2,243 Cash items in process of collection (2,198) 8,070 - 1,654 + 218 Bank premises 269 — + 45 Other assets 3/ 3.311 - 1.085 + 1,992 TOTAL ASSETS (4,092) 111.221 - 184 + 4.686 L I A B I L I T I ES Federal Reserve notes (1,894) 68,786 + 625 + 6,179 Deposits: Member bank-reserves account 31,860 + 350 + 624 U. S. Treasury —general account 1,308 + 529 - 1,679 Foreign 250 - 27 - 8 Other 4/ (788) 683 - 49 - 16 Total deposits (788) 34,101 + 803 - 1,079 Deferred availability cash items (1,410) 5,160 + 73 - 676 Other liabilities and accrued dividends 1.211 - 1.774 + 185 TOTAL LIABILITIES (4,092) 109,258 - 273 + 4,609 C A P I T AL A C C O U N TS Capital paid in 897 - 4 4- 46 Surplus 897 —— + 53 Other capital accounts 169 + 93 - 22 Contingent liability on acceptances purchased for foreign correspondents 269 - 47 - 329 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $535 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $148 million securties 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. ** Estimated (Cleveland District). *** (Estimated). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBRUARY 12. 1^75 (Acceptances and securities held under repurchase agreements are classified as maturing withii U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly *** I changes Changes Within 15 days 111 450 8,519 + 2,433 407 + 407 16 days to 90 days 7 378 16,343 - 966 216 - 43 91 days to 1 year — 114 20,975 4- 414 587 Over 1 year to 5 years 23,440 2,313 Over 5 years to 10 yeai s __ — 9,673 990 Over 10 years 2.190 501 Digitized for FRASER Total 118 942 81,140 + 1,881 5,014 + 364 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERA LRESERVE BANK ON FEBRUARY 12, 1975 Total Boston Y N o ew r k d P e h l i p la h - ia C l l a e n v d e * - m R o i n c d h - Atlanta 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 11,625 696 2,279 574 1,169 1,165 771 1,618 438 236 286 63 2,330 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 O F L t . o h R a . e n r n o c t a e s s h of other banks 1, 3 8 1 3 9 1 2 4 8 1 2 3 1 1 3 34 2 4 8 12 1 13 9 0 ^ 1 4 3 0 3 1 4 3 7 4 0 3 2 4 3 3 7 1 1 3 6 5 4 8 4 * 2 0 * 6 2 1 1 2 5 5 2 4 5 4 14 1 1 3 1 8 3 4 2 3 1 5 2 Acceptances: Bought outright 628 628 Held under repurchase agreements 314 314 Federal Agency obligations-- B He o l u d g h u t n o d u er tr i r g e h p t u rchase agreements 4, 3 65 64 0 206 1,1 3 2 6 0 4 252 381 357 257 750 183 101 185 216 642 U.S. Government securities: Bought outright-- B C i e l r l t s i ficates: 35,377 1,565 8,521 1,916 2,900 2,712 1,953 5,705 1,392 770 1,409 1,646 4,888 Other Hel N B d o o t T n l u e d o n / s s "c d %af e * lr r t1D r oWu e 1g p 1 n u Oft r c V h io a u /^• s c> e r4 i • g a Y*n g t4 r ^ e 1 e / m z1 e // n O t s / 7 4 9 0 2 3 , . , . 0 0 3 4 9 4 1 0 1 1 9 3 3 1 , , 4 7 1 9 8 4 9 7 7 1 2 9 9 . , , 0 0 7 7 3 4 4 9 1 9 9 7 4 2 , , 2 1 1 8 8 7 3 8 9 6 3 , ,3 4 2 1 8 7 2 3 1 6 3 , , 2 0 0 5 6 9 4 4 8 4 2 , , 3 2 1 3 6 8 2 8 3 1 6 2 , , 5 7 5 1 5 3 6 5 4 3 1 , , 1 5 1 1 9 3 3 0 1 1,7 8 2 7 7 1 9 2 3 1 , , 1 6 1 5 0 3 0 9 2 3 1 , , 6 8 1 7 7 5 9 9 4 1 5 0 , , 5 4 9 8 5 2 2 7 7 T T o o t t a a l l l U o . a S. n s G o a v n e d r n s m e e c n u t ri t s i e e c s u rities 8 8 1 7 . , 1 2 4 1 0 4 3 3. , 4 7 9 0 9 8 2 2 3 1 , . 5 0 2 9 4 8 4 4 , . 5 2 4 8 5 3 6 6. , 4 8 8 6 3 4 6 6 , 0 4 6 6 4 5 4,626 1 13 2 , . 5 7 1 5 3 5 3 3 . , 1 2 1 9 3 6 1 1 . , 7 8 2 2 1 7 3 3, . 3 1 3 5 9 0 3 3, . 9 6 0 7 6 9 1 1 0 1, . 6 9 0 2 1 7 B O C a t a h n s k h e r p i a r t s e e s m m e s i t s s e i s n 3 p / r ocess of collection 10, 2 2 6 6 9 8 7 6 2 8 7 1,05 1 8 2 40 3 9 3 67 2 3 6 1,13 1 0 5 1,10 1 9 4 1,46 1 3 6 51 1 5 4 43 3 1 4 82 1 5 7 7 1 5 2 0 1,178 8 3.311 61 2.152 78 111 102 87 215 53 35 54 81 282 TOTAL ASSETS 115,313 5,435 29,490 5,804 9,049 9,116 6,909 17,094 4,397 2,603 4,615 4,987 15,814 * Estimated (Cleveland District). oanKs • 3/ Includes assets denominated in foreign currencies. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 12, 1975 H.4.1(c) San Total Boston N Y e o w r k de P l h p il h a i - a Cl l e a v n e d - * R m i o c n h d - Atlanta Chicago Lo St u . i s M a i p n o n l e i - s K C an i s t a y s Dallas F c r i a s n c - o (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 70,680 3, 358 17,654 4,364 6,129 6,440 3,768 11,141 2,942 1,418 2,559 2,615 8,292 DDeeppoossiittss:: MMeemmbbeerr bbaannkk rreesseerrvveess 31,860 1,4 42 9,405 964 1,906 1,419 1,929 4,313 908 666 1,177 1,532 6,199 UU.. SS.. TTrreeaassuurreerr——ggeenneerraall aaccccoouunntt 1,308 85 113 66 97 182 122 158 78 41 64 136 166 FFoorreeiiggnn 250 10 1/ 73 11 21 13 18 37 8 6 10 13 30 OOtthheerr 33// 1,471 61 589 a 129 112 153 126 48 25 54 88 83 TToottaall ddeeppoossiittss 34,889 1,5 98 10,180 1,044 2,153 1,726 2,222 4,634 1,042 738 1,305 1,769 6,478 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 6,570 356 837 246 513 759 714 852 307 375 630 449 532 OOtthheerr lliiaabbiilliittiieess aanndd aaccccrruueedd U//IIi v**l 11 XX77U11cl lHHU o oo HHnn cc 1 211 46 309 57 82.| 78 58 161 39 25 41 47 268 TOTAL LIABILITIES 115]350 5, 358 28,980 5,711 8,877 9,003 6,762 16,788 4,330 2,556 4,535 4,880 15,570 CAPITAL ACCOUNTS Capital paid in 897 35 231 42 79 50 69 139 30 22 38 50 112 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 OVf/"L1LilPCYi* UpdfLl/n1i fLaoll l adrCpvoviUinUtLsO 169 7 44 9 15 13 9 29 7 3 5 8 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 115,313 5:, 435 29,490 5,804 9,049 9,116 6,909 17,094 4,397 2,603 4,615 4,987 15,814 Contingent liability on acceptances purchased for foreign correspondents 269 10 2/ 71 13 23 15 20 41 9 7 11 15 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,542 3,517 18,610 4,488 6,378 6,6 92 4, 278 11,470 3, 084 1,459 2,742 2,813 9,011 Collateral for F. R. notes: Gold certificate account 3,457 150 750 450 205 860 155 700 182 — -- 5 -- Special Drawing Rights certif. acc - 93 93 AA UU cc .. cc SS ee .. pp GG tt oo aa vv nn ee cc rr ee nn ss mm eenntt sseeccuurriittiieess 425 — 425 4,100 6 T 275 862 4, 700 11.900 ?, 960 i sto ?,90Q 2,915 9,300— TToottaall ccoollllaatteerraall 76,037 3,545 18,693 4,550 6,480 6, 722 4, 355 11,900 3, 142 1,530 2,900 2,920 9.300 \j After deducting $177 million participations of other Federal Reserve Banks. * Estimated (Cleveland District). 2/ After deducting $198 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 System1s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis