H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For immediate release March 6, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 5, Feb. 26, | March 6, March 5, and related items 1975 1974 Reserve Bank credit: (In millions of dollars) 11//22// U.S. Government securities-- Bought outright--System account 79 ,278 - 232 +1 ,074 78,299 Held under repurchase agreements 1 ,095 - 63 +1 ,095 mm Federal Agency obligations-- Bought outright 4,, 929 + 291 4-2, 930 4,983 Held under repurchase agreements 203 + 133 4- 203 •» wm Acceptances-- Bought outright 669 4- 24 + 600 676 Held under repurchase agreements 178 4- 40 + 178 mm mm Loans-- Total member bank borrowing 70 - 110 - 842 58 Includes seasonal borrowing of 9 - 2 - 10 8 Other borrowing *» — • — w «# w Float 1:, 734 - 570 - 276 2,682 Other F.R. assets 3,069 + 136 +2 ,191 3,147 Total Reserve Bank credit 91,, 226 - 350 4-7, 154 89,845 Gold Stock H, ,621 mm mm 4- 54 11,620 Special Drawing Rights certif. acct. 400 mm • *» mm 400 Treasury currency outstanding 9,, 336 + 33 4- 5 78 9.339 112,, 583 - 317 +7,, 786 111,204 Currency in circulation * * 77 a ,058 + 65 4-6,, 481 77,582 Treasury cash holdings * * 212 — 122 212 Treasury deposits with F.R. Banks 2,, 845 - 644 4- 918 956 Foreign deposits with F.R. Banks 340 4- 40 4- 12 277 Other deposits with F.R. Banks 3/ 988 4- 285 + 294 867 Other F.R. liabilities and capital 3,, 239 * — 4- 297 2,957 84,, 681 - 256 4-7., 878 82,851 Member bank reserves: With Federal Reserve Banks 27, 902 - 61 - 92 28,354 Currency and coin 6, 946 4- 275 + 374 6,946 Total reserves held 34,, 848 + 214 4- 215 35,300 Required reserves 34, 397 - 60 - 118 34,397 Excess reserves 451 4- 274 4- 333 903 NOTE: A net of $28 million of surplus reserves were eligible to be carried forward from the week ended February 26, into the week ending March 5. On March 5, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,657 million, an increase of $531 million for the week. Data for the week ending February 26, 1975, on marketable U.S. Government securities held in custody have been revised upward $1,275 million to correct for omission of certain relevant custody holdings. These holdings were first omitted in the week ending November 27, 1974, as the result of changes in adminsitrative procedures at the Federal Reserve Bank of New York. Corrected data for the entire intervening period are available on request from the Financial Statistics Division at the Federal Reserve Bank of New York or the Data Production Section, Division of Data Processing at the Board of Governors. 1/ Excludes $1,700 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $120 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $33 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. * Estimated (Dallas 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) Wednesday Change since Mar. 5, Feb. 26, Mar. 6, 1975 * * 1975 1974 A S S E TS Gold certificate account 11,620 - 1 + 160 Special Drawing Rights certif. acct. * 400 — — — — Cash (1,792) 353 + 7 + 55 Loans 58 - 776 - 788 Acceptances--Bought outright 676 + 19 + 609 Held under repurchase agreements — — 222 — — Federal Agency obligations—Bought outright 4,983 + 376 + 2 ,986 Held under repurchase agreements — — - 258 —» mm U.S. Government securities: Bought outright--Bills 34,269 - 1 ,215 - 2 ,120 Certificates - Other «* •» mm a* Notes 40,495 — «— + 1 ,699 Bonds 3.535 mm mm + 561 Total bought outright 11//22// 78,299 - 1 ,215 + 140 Held under repurchase agreements -- - 2 ,507 Total U.S. Government securities 78,299 _ 3 .722 + 140 Total loans and securities 84,016 - 4 ,583 -f 2 ,947 Cash items in process of collection (1,679) 8,182 + 1 ,121 - 429 Bank premises 272 + 1 + 45 Other assets 3/ 2.875 + 406 + 2 ,187 TOTAL ASSETS (3,471) 107.718 - 3 ,049 + 4 ,965 L I A B I L I T I ES Federal Reserve notes (1,792) 68,807 + 505 + 5 ,975 Deposits: Member bank-reserves account 28,354 - 1 ,893 349 U. S. Treasury --general account 956 - 2 ,231 572 Foreign 277 + 6 5 Other 4/ 867 + 16 + 180 Total deposits 30,454 - 4 ,102 746 Deferred availability cash items (1,679) 5,500 + 820 438 Other liabilities and accrued dividends 1.072 + 32 + 100 TOTAL LIABILITIES (3,471) 105,833 - 2 ,745 + 4 ,891 C A P I T AL A C C O U N TS Capital paid in 897 1 + 33 Surplus 897 + 53 Other capital accounts 91 - 303 - 12 Contingent liability on acceptances purchased for foreign correspondents 113 - 36 - * Figures in parentheses are the eliminations mades in the consolidating process. 1/ Excludes $1,700 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $120 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $33 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 (Dallas District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, MARCH S, 1Q7S (Acceptances and securities held under repurchase agreements are classified as Vi. U ii.W VVUiViibW f / U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings 1 Weekly Holdings Weekly 1 changes Changes Within 15 days 52 128 3,374 - 3,956 120 - 303 16 days to 90 days 6 109 21,305 + 758 159 + 37 91 days to 1 year 439 20,438 - 524 618 + 77 Over 1 year to 5 years 20,733 -- 2,541 + 167 Over 5 years to 10 years -- 10,035 -- 1,025 + 121 Digitized for FRAOvSeErR 10 years ^ 2.414 22 520 + 19 http://fraser.stlouisTfeodt.oalrg /5 8 676 78,299 - 3,722 4,983 + 118 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 5, 1975 Total Boston Y N o ew r k d P e h l i p l h a- ia C l l a e nd v 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 11,620 540 4,469 565 823 1,030 381 1,684 417 283 271 236 921 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 O F t . h R. e r n o c t a e s s h of other banks 1, 3 7 5 9 3 2 1 2 0 2 1 39 3 9 1 11 1 3 3 1 4 2 2 1 1 3 3 2 3 28 4 1 5 1 3 1 7 0 2 2 2 8 1 1 8 5 2 3 8 7 13 1 1 7 3 4 2 3 6 Loans 58 1 7 1 27 2 4 ** 1 2 10 3 Acceptances: H B e o l u d g h u t n d o e u r tr i r g e h p t u rchase agreements 676 -- 676 — -- — — -- -- -- — — -- Federal Agency obligations-- B He o l u d g h u t n d o e u r tr i r g e h p t u rchase agreements 4,983 220 1,214 272 408 389 278 796 193 111 195 221 686 U.S. Government securities: Bought outright— B C i e l r l t s i ficates: 34,269 1,514 8,352 1,872 2,807 2,676 1,912 5,470 1,322 763 1,342 1,519 4,720 Other Hel N B d o o t T n u e o d n s s t d a e l r b r o e u p g u ht r c o h u a t s r e i g a h g t r e 1 e / m 2 e / n ts 4 78 0 3 , , , 2 4 5 9 3 9 9 5 5 3 1 , , 4 7 1 5 8 5 9 9 6 1 9 9 , ,0 8 8 8 6 6 3 9 2 4 2 , , 2 2 1 7 1 9 3 8 3 6 3 , , 4 2 3 1 9 1 5 0 8 6 3 , , 1 1 2 1 6 7 5 3 6 4 2 , , 3 2 1 5 6 9 9 8 7 1 6 2 , , 4 4 5 9 6 6 8 4 4 3 1 , , 0 5 1 2 6 3 0 2 6 1,7 9 4 0 7 3 1 9 3 1 , , 0 5 1 6 8 3 6 6 8 3 1 , , 4 7 1 7 9 5 0 4 7 1 5 0 , , 4 5 7 8 7 8 7 7 4 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 r i s t e i c e u s r ities 8 7 4 8 , , 0 2 1 9 6 9 3 3 , , 6 4 7 5 9 9 2 1 0 9 , , 9 08 7 3 4 4 4 , , 2 55 7 7 8 6 6, , 4 8 1 2 5 4 6 6 , , 5 1 3 1 1 5 4 4, , 6 3 4 6 8 8 1 1 3 2 , , 2 4 9 9 8 8 3 3, , 2 0 1 2 3 0 1 1, , 8 7 5 4 5 3 3 3 , , 2 0 6 6 3 6 3 3, , 7 4 0 7 1 0 1 11 0 , , 4 7 7 8 3 4 B O C a t a n h s k h e r p i a r t s e e s m m s e i t s s e i s n 3 p / r ocess of collection 2 9 . , 8 8 2 7 6 7 5 1 2 3 4 8 7 3 8 1 2 1 , , 0 2 6 4 1 2 1 2 3 6 3 3 1 5 4 5 2 6 7 6 1 7 1,14 8 1 9 1 5 1,03 5 1 3 6 4 1,3 1 6 8 1 3 4 5 4 4 5 1 2 5 4 45 2 3 0 4 4 7 4 9 1 4 7 7 6 4 8 1 2 1 2 1, 1 4 5 0 9 8 8 TOTAL ASSETS 111,189 4,867 29,281 5,701 8,507 9,007 6,480 16,761 4,206 2,686 4,472 4,834 14,387 . "I,;. boia, ana scneauiea to be bought back, under matched sale-purchase transactic J Includes $ 120 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve 1B5a3nI1kKsS. • 3/ Includes assets denominated in foreign currencies. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 5, 1975 H.4.1(c) San Total Boston N Y e o w r k d P e h l i p l h a i a Cl l e a v n e d m R o i n c d h - Atlanta Chicago Lo S u t. i s M a i p n o n l e i - s K C a i ns ty a s Dall * a s 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 70,599 3,357 17,646 4,321 6,114 6,453 3,733 11,105 2,948 1,426 2,567 2,627 8,302 Deposits: Member bank reserves 28,354 1,008 8,898 860 1,631 1,325 1,828 4,078 774 666 1,032 1,527 4,727 U, S. Treasurer—general account 956 29 119 118 50 130 56 112 53 95 30 50 114 Foreign 277 10 1/ 88 12 22 14 20 39 9 6 11 14 32 Other 3/ 867 3 777 2 1 21 25 6 1 2 2 7 20 Total deposits 30,454 1,050 9,882 992 1,704 1,490 1,929 4,235 837 769 1,075 1,598 4,893 Deferred availability cash items 7,179 342 1,021 246 446 884 608 976 321 423 715 455 742 Oth d e i r v i l d i e a n b d i s l ities and accrued 1,072 45 246 54 78 74 67 152 37 22 17 6% 915 TOTAL LIABILITIES 109,304 4,794 28,795 5,613 8,342 8,901 6,337 16,468 4,143 2,640 4,394 4,725 14,152 CAPITAL ACCOUNTS Capital paid in 897 35 230 42 79 50 69 140 30 22 38 50 112 O S t u h r e p r l u c s a pital accounts 89 91 7 35 3 23 2 5 1 42 4 78 8 50 6 69 5 13 1 8 5 30 3 22 37 4 i 9 n 11 n 2 TOTAL LIABILITIES AND 111,189 4,867 29,281 5,701 8,507 9,007 6,480 16,761 4,206 2,686 4,472 4,834 14,387 CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign 4 2/ 30 10 17 14 correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS J3I318,629 4,442 6,358 6,653 4,225 11,420 3,075 1,462 2,718 2,791 8,990 F. R. notes outstanding Collateral for F. R. notes: 3,457 750 450 205 700 182 Gold certificate account Special Drawing Rights Certif. Acc 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 i 480 6.722 4,355 11.900 3.142 1.530 2.900 2-920 9.355" 1/ After deducting $189 million participations of other Federal Reserve Banks. 2/ After deducting $83 million participations of other Federal Reserve Banks. 3/ Includes $33 million of certain deposits of foreign-owned banking institutions held with member banks and Digitized for FRASER - edeposited in full with Federal Reserve Banks in connection with voluntary participation-by nonmember http://fraser.stlou risfed.org/ institutions in the Federal Reserve System's program of credit restraint. Federal Reserve Bank of St. Louis