H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE m\\ Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release February 20, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 19, Feb . 12, 1 Feb. 20, Feb. 19, and related items 1975 1975 1 1974 1975 Reserve Bank credit: (In millions of dollars) 1/ U.S. Government securities-- Bought outright—System account 78,707 + 246 - 237 79,326 Held under repurchase agreements 772 + 186 + 274 — — Federal Agency obligations-- Bought outright 4,650 —— +2,641 4,650 Held under repurchase agreements 126 + 22 + 42 Acceptances-- Bought outright 633 - 15 + 562 630 Held under repurchase agreements 127 + 31 + 84 6 Loans— Total member bank borrowing 228 + 138 -1,148 1,125 Includes seasonal borrowing of: 12 + 2 8 9 Other borrowing - - -- — — — Float 1,970 - 30 - 344 2,302 Other F.R. assets 3.396 - 284 +2,527 2.984 Total Reserve Bank credit 90,609 + 295 +4,402 91,023 Gold Stock 11,624 - 4 + 57 11,621 Special Drawing Rights certif. acct. 400 — - - 400 Treasury currency outstanding 9,276 + 5 4- 526 9,281 111,910 + 296 +4,986 112,325 Currency in circulation** 77,319 + 240 +6,633 77,426 Treasury cash holdings ** 212 —— - 122 212 Treasury deposits with F.R. Banks 1,960 + 468 - 884 3,040 Foreign deposits with F.R. Banks 364 + 94 + 37 319 Other deposits with F.R. Banks 2/ 612 - 22 70 700 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.162 - 180 + 212 3.232 83,629 + 601 +5,807 84,929 Member bank reserves: With Federal Reserve Banks 28,280 - 306 - 822 27,396 Currency and coin 6,820 - 639 + 601 6,820 Total reserves held 35,100 - 945 - 288 34,216 Required reserves 34,958 -1 ,015 - 316 34,958 Excess reserves 142 70 28 742 NOTE: A net of $26 million of surplus reserves were eligible to be carried forward from the week ended February 12, into the week endirg February 19. On February 19, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $36,496 million, an increase of $1,129 million for the week. 1/ Includes $265 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes $39 million nf 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. ** Estimated Treasury 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 Wednesday Change since Feb. 19, Feb. 12, Feb. 20, 1975 1975 1974 A S S E TS Gold certificate account 11,621 4 + 161 Special Drawing Rights certif. acct. 400 — — Cash (1,793) 339 + 7 + 35 Loans 1,125 + 1,007 + 64 Acceptances—Bought outright 630 + " 2 + 559 Held under repurchase agreements 6 - 308 182 Federal Agency obligations—Bought outright 4,650 — — + 2,641 Held under repurchase agreements -- - 364 327 U.S. Government securities: Bought outright--Bills 35,612 + 235 - 1,656 Certificates Other Notes 40,253 150 + 1,457 Bonds 3.461 + 150 + 487 Total bought outright 1/ 79,326 + 235 + 288 Held under repurchase agreements -- - 2.049 - 2.221 Total U.S. Government securities 79.326 - 1.814 - 1.933 Total loans and securities 85,737 h 1,477 + 822 Cash items in process of collection (1,592) 9,031 + 961 334 Bank premises 269 — — + 44 Other assets 2/ 1.715 596 + 2.150 TOTAL ASSETS"* (3,385) 110.112 - 1.109 + 2.878 l i a b i l i t i es Federal Reserve notes (1,793) 68,696 90 + 6,080 Deposits: Member bank-reserves account 27,396 - 4,464 - 3,559 U. S. Treasury --general account 3,040 + 1,732 + 177 Foreign 319 + 69 23 Other 3/ 700 + 17 + 45 Total deposits 31,455 - 2,646 - 3,360 Deferred availability cash items (1,592) 6,729 + 1,569 60 Other liabilities and accrued dividends 1.148 63 + 125 TOTAL LIABILITIES (3,385) 108,028 - 1,230 + 2,785 £CAAPPII TT AALL a c c o u n ts Capital paid in 898 + 1 + 40 Surplus 897 -- + 53 Other capital accounts 289 + 120 -- Contingent liability on acceptances purchased for foreign correspondents 196 73 406 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $265 million securities loaned—fully secured by U.S. Government securties pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. —/ Includes $39 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. FRRRTTARY 1Q, 1Q7S (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securdL ties obligations ances Holdings Weekly Holdings Weekly changes Changes 1,124 136 4,852 - 3,667 90 317 16 days to 90 days 1 418 21,022 + 4,679 169 47 91 days to 1 year 82 20,586 - 389 587 Over 1 year to 5 years 20,604 - 2,836 2,313 Over 5 years to 10 years 9,922 + 249 990 Over 10 years 2.340 + 150 501 Total 1,125 636 79,326 - 1,814 4,650 - 364 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 FEBRUARY 19, 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 11,621 585 3,082 662 689 1,180 556 1,382 352 363 339 338 2,093 Special Drawing Rights certif. acct, 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,793 100 365 113 126 156 251 132 34 21 40 147 308 . Other cash 339 21 29 13 40 31 45 35 26 14 26 18 41 Loans 1,125 11 986 48 -- 43 1 4 1 10 5 11 5 Acceptances: Bought outright 630 630 —— mm ** — •» • * mm W Held under repurchase agreements 6 — — 6 — •* w mm mm * w mm mm • mm Federal Agency obligations- Bought outright 4,650 206 1,120 252 381 356 257 750 183 101 185 216 643 Held under repurchase agreements • — • mm ee • mm mm U.S. Government securities: Bought outright-- Bills 35,612 1,575 8,577 1,928 2,919 2,731 1,967 5,743 1,402 775 1,418 1,657 4,920 Certificates -- • — —— mmmrn •B* mm mm Notes 40,253 1,781 9,695 2,180 3,300 3,086 2,223 6,492 1,584 876 1,603 1,872 5,561 Bonds 3.461 153 833 188 284 265 191 558 136 76 138 161 478 Tbtal bought outright If 79,326 3,509 19,105 4,296 6,503 6,082 4,381 12,793 3,122 1,727 3,159 3,690 10,959 Held under repurchase agreements - - -— —— -- — — — mmmm mm mm —— — • mm mt Total U.S. Government securities 79.326 3.509 19.105 4.296 6.503 6.082 4.381 12.793 3.122 1.727 3.159 3.690 10.959 .Total loans and securities 85,737 3,726 21,847 4,596 6,884 6,481 4,639 13,547 3,306 1,838 3,349 3,917 11,607 Cash items in process of collection 10,623 465 1,791 518 652 1,292 958 1,597 488 483 819 624 936 Bank premises 269 68 12 33 26 15 14 16 14 34 17 12 8 Other assets 2/ 2.715 35 2.052 44 56 56 44 108 29 18 45 34 194 TOTAL ASSETS 113.497 5.023 29.271 6.002 8.506 9.247 6.529 16.887 4.264 2.778 4.650 5.104 15.236 1/ Includes $265 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 FEBRUARY 19, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis CCiittyy Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 70,489 3,367 17,676 4,344 6,111 6,409 3,714 11,091 2,926 1,421 2,546 2,621 8,263 Deposits: Member bank reserves 27,396 1,015 7,901 899 1,449 1,234 1,774 3,822 758 680 1,072 1,624 5,168 U. S. Treasurer—general account 3,040 158 847 168 134 247 150 328 112 122 144 139 491 Foreign 319 10 1/ 142 11 21 13 18 37 8 6 10 13 30 Other 3/ 700 1 606 2 —— 16 24 13 6 1 2 10 19 Total deposits 31,455 1,184 9,496 1,080 1,604 1,510 1,966 4,200 884 809 1,228 1,786 5,708 Deferred availability cash items 8,321 344 1,304 423 528 1,131 637 1,112 345 475 750 540 732 Other liabilities and accrued dividends 1.148 46 253 56 81 75 59 158 38 24 41 45 272 TOTAL LIABILITIES 111,413 4,941 28,729 5,903 8,324 9,125 6,376 16,561 4,193 2,729 4,565 4,992 14,975 CAPITAL ACCOUNTS Capital paid in 898 35 231 42 79 50 69 140 30 22 38 50 112 Surplus 897 35 235 42 7& 50 69 138 30 22 37 49 112 Other capital accounts 289 12 76 15 25 22 15 48 11 5 10 13 37 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,497 5,023 29,271 6,002 8,506 9,247 6,529 16,887 4,264 2,778 4,650 5,104 15,236 Contingent liability on acceptances purchased for foreign correspondents 119966 8 22// 5511 9 17 11 15 30 7 5 8 11 24 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,305 3,508 18,582 4,458 6,366 6,655 4,241 11,470 3,063 1,471 2,719 2,794 8,978 Collateral for F. R. notes: Gold certificate account 3,457 150 750 450 205 860 155 700 182 —— —— 5 •—— Special Drawing Rights certif. acct 93 -- 93 -- — -- —— — — —— —— -— Acceptances 425 -- 425 — -— —- —— — — — - - —— -— -— U.S. Government securities 72,062 3,395 17,425 4,100 6,275 5,862 4,200 11,200 2,960 1,530 2,900 2,915 9,300 Total collateral 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 1J After deducting $177 million participations of other Federal Reserve Banks, 2/ After deducting $145 million participations of other Federal Reserve Banks. 3/ Includes $39 of certain deposits of foreign-owned banking institutions held with member banks and redeposited in Digitized for FRAfSuElRl with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in the Federal Reserve System1s program of credit restraint. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis