H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE '•JsSStK^il-. Factors Affecting Bank Reserves and 'ftiTtosf:- Condition Statement of F.R. Banks H.4.1 For immediate release February 27, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Feb. 26, Feb. 19, Feb. 27, Feb. 26, and related items 1975 197? LliZL ttF 5 — Reserve Bank credit: (In millions of dollars) U.S. Government securities-- Bought outright--System account 79,510 4- 803 4- 939 79,514 Held under repurchase agreements 1,158 + 386 +1,158 2,507 Federal Agency obligations-- Bought outright 4,638 - 12 4-2, 632 4,607 Held under repurchase agreements 70 - 56 4- 70 258 Acceptances-- Bought outright 645 4- 12 4- 573 657 Held under repurchase agreements 138 4- 11 4- 138 222 Loans-- Total member bank borrowing 180 - 48 -1 ,071 834 Includes seasonal borrowing of: 11 - 1 - 5 9 Other borrowing -- -- —— Float 2,304 4- 273 - 105 2,381 Other F.R. assets 2,933 - 463 4-2, 105 2,740 Total Reserve Bank credit 91,576 4- 906 4-6, 440 93,720 Gold Stock 11,621 - 3 4- 54 11,621 Special Drawing Rights certif. acct. 400 -- -- 400 Treasury currency outstanding 9.303 4- 27 4- 547 9.334 112,900 4- 929 4-7, 041 115,075 Currency in circulation * 76,993 - 326 4-6, 555 77,078 Treasury cash holdings * 212 -- - 132 212 Treasury deposits with F.R. Banks 3,489 4-1, 529 4- 838 3,187 Foreign deposits with F.R. Banks 300 - 64 4- 40 271 Other deposits with F.R. Banks 3J 703 4- 91 4- 13 851 Other F.R. liabilities and capital 3.239 + 77 4- 208 3.229 84,937 4-1, 308 4-7, 524 84,828 Member bank reserves: With Federal Reserve Banks 27,963 - 378 - 482 30,247 Currency and coin 6.671 - 149 4- 332 6.671 Total reserves held 34,634 - 527 - 217 36,918 Required reserves 34,457 - 501 - 188 34,457 Excess reserves 177 - 26 - 29 2,461 NOTE: A net of $88 million of deficit reserves were eligible to be carried forward from the week ended February 19, into the week ending February 26. On February 26, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $36,851 million, an increase of $355 million for the week. 1/ Excludes $485 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $116 million securities loaned"-fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 non-member institutions in the Federal Reserve System's program of credit restraint. Digitized for FRASER * Estimated Treasury's Figures. 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. 26, Feb. 19, Feb. 27, 1975 1975 1974 A S S E TS Gold certificate account 11,621 + 161 Special Drawing Rights certif. acct. * 400 *" mm Cash (1,944) 346 + 7 + 45 Loans 834 291 - 355 Acceptances--Bought outright 657 + 27 + 588 Held under repurchase agreements 222 + 216 + 222 Federal Agency obligations--Bought outright 4,607 43 + 2,606 Held under repurchase agreements 258 + 258 + 258 U.S. Government securities: Bought outright--Bills 35,484 128 - 1,293 Certificates Other Notes 40,495 4- 242 + 1,699 Bonds 3.535 + 74 + 561 Total bought outright 1/2/ 79,514 + 188 + 967 Held under repurchase agreements 2.507 + 2.507 + 2.507 Total U.S. Government securities , 82,021 + 2.695 + 3.474 Total loans and securities 88,599 + 2,862 + 6,793 Cash items in process of collection (1,547) 7,061 - 1,970 - 390 Bank premises 271 + 2 + 46 Other assets 3/ 2.469 - 246 + 1,847 TOTAL ASSETS (3,491) 110.767 + 655 + 8.502 L I A B I L I T I ES Federal Reserve notes (1,944) 68,302 - 394 + 5,940 Deposits: Member bank-reserves account 30,247 + 2,851 + 2,103 U. S. Treasury —general account 3,187 + 147 + 850 Foreign 271 48 - 2 Other 4/ 851 + 151 + 84 Total deposits 34,556 + 3,101 + 3,035 Deferred availability cash items (1,547) 4,680 - 2,049 - 645 Other liabilities and accrued dividends 1.040 108 + 74 TOTAL LIABILITIES (3,491) 108,578 + 550 + 8,404 C A P I T AL A C C O U N TS Capital paid in 898 + 36 Surplus 897 -- + 53 Other capital accounts 394 + 105 + 9 Contingent liability on acceptances purchased for foreign correspondents 149 47 446 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $485 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $116 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ 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 nonmenber institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. FEBKTTARV 1Q75 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- secur: ties obligations ances Holdings Weekly Holdings Weekly changes Changes Within 15 days 833 358 7,330 + 2,478 423 + 333 16 days to 90 days i 419 20,547 475 122 - 47 91 days to 1 year 102 20,962 + 376 541 - 46 Over 1 year to 5 years 20,733 + 129 2,374 + 61 Over 5 years to 10 years 10,035 + 113 904 - 86 Over 10 years — 2.414 + 74 501 Digitized for FRASER Total 834 879 82,021 + 2,695 4,865 + 215 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 26, 1975 I New Phila- Cleve- Rich- St. Minne- Kansas San ! Total Boston AAttllaannttaa CChhiiccaaggoo DDaallllaass York delphia land mond Louis apolis City Francisco ! (In millions of dollars) A S S E TS Gold certificate account 11,621 582 1,521 633 1,004 1,126 746 1,795 491 413 490 465 2,355 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,944 105 405 129 129 161 284 143 36 21 40 148 343 Other cash 346 21 30 13 41 32 46 35 27 14 28 17 42 Loans 834 8 54 99 1 33 29 279 2 36 8 13 272 Acceptances: Bought outright 657 -- 665577 -- -- -- — -- -- — -- -- -- Held under repurchase agreements 222 -- 222 -- — -- -- -- — - - -- Federal Agency obligations-- Bought outright 4,607 204 1,110 249 378 353 255 743 181 100 184 214 636 Held under repurchase agreements 258 — 258 -- -- — -- -- -- — -- -- - - U.S. Government securities: Bought outright-- Bills 35,484 1,570 8,546 1,921 2,909 2,720 1,960 5,723 1,397 773 1,413 1,650 4,902 Certificates: Notes 40,495 1,791 9,753 2,193 3,319 3,105 2,237 6,531 1,594 881 1,612 1,884 5,595 Bonds 3.535 156 851 192 290 271 195 570 139 77 141 164 489 Total bought outright 1/2/ 79,514 3,517 19,150 4,306 6,518 6,096 4,392 12,824 3,130 1,731 3,166 3,698 10,986 Held under repurchase agreements 2.507 -— 2.507 -- —— - - - - — — — — — * • —— • «• Total U.S. Government securities 82.021 3.517 21.657 4.306 6.518 6,096 4,392 12,824 3.130 1,731 3.166 3.698 10.986 Total loans and securities 88,599 3,729 23,958 4,654 6,897 6,482 4,676 13,846 3,313 1,867 3,358 3,925 11,894 Cash items in process of collection 8,608 344 1,123 278 445 1,036 849 1,168 362 392 689 673 1,249 Bank premises 271 69 12 34 26 15 14 16 14 34 17 12 8 Other assets 3/ 2,469 36 1,950 51 61 62 54 124 31 19 27 34 20 TOTAL ASSETS 114,258 4,909 29,092 5,815 8,636 8,950 6,691 17,197 4,289 2,767 4,664 5,288 15,960 JL/ Excludes $485 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $116 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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON FEBRUARY 26, 1975 H.4.1(c) San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas F c r i a sc n o - L I A B I L I T I ES Federal Reserve notes 70,246 3,351 17,597 4,320 6,101 6,395 3,692 11,069 2,921 1,417 2,545 2,615 8,223 Deposits: Member bank reserves 30,247 910 8,009 905 1,688 1,204 1,971 4,519 840 740 1,204 1,888 6,369 U. S. Treasurer—general account 3,187 187 870 186 196 320 230 182 142 170 169 189 346 Foreign 271 10 1/ 94 11 21 13 18 37 8 6 10 13 30 Other 2/ 851 1 767 3 1 14 25 10 1 1 2 6 20 Total deposits 34,556 1,108 9,740 1,105 1,906 1,551 2,244 4,748 991 917 -1,385 2,096 6,765 Deferred availability cash items 6,227 318 896 229 355 799 536 881 264 358 607 415 569 Other liabilities and accrued dividends 1,040 46 290 56 84 75 61 156 38 23 40 45 126 TOTAL LIABILITIES 112,069 .4,823 28,523 5,710 8,446 8,820 6,533 16,854 4,214 2,715 4,577 5,171 15,683 CAPITAL ACCOUNTS Capital paid in 898 35 231 42 79 50 69 140 30 22 38 50 112 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 394 16 103 21 33 30 20 65 15 8 12 18 53 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 114,258 4,909 29,092 5,815 8,636 8,950 6.691 17,197 4.289 2.767 4.664 5.288 15.960 Contingent liability on acceptances purchased for foreign 149 6 2/ 39 7 13 8 11 23 5 4 6 8 19 correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 74,233 3,516 18 ,595 4,444 6,343 6 ,633 4, 229 11 ,441 3, 081 1 ,464 2,726 2 ,792 8,969 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 72,162 3,395 17 ,525 4,100 6,275 5 ,862 4, 200 11 ,200 2, 960 1 ,530 2,900 2 ,915 9,300 Total collateral 76.137 3.545 18 ,793 4,550 6-480 6 r 722 4, 355 11 ,900 1, 142 1 ,530 7,900 ? ,9?n 9,300 1/ After deducting $177 million participations of other Federal Reserve Banks, 2/ After deducting $110 million participations of other Federal Reserve Banks. 3/ Includes $39 of certain deposits of foreign-owned banking institutions held with member banks and rede posited 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