H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.vo2LS2&t./. FEDERAL RESERVE [f Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 13, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesda Reserve Bank credit, March 12, March 5, March 13, March 15 and related items 1975 ** 1975 1 1974 1975 * Reserve Bank credit: (In millions of dollars) 1/2/ U.S. Government securities-- Bought outright—System account 77,438 -1,840 - 351 74,602. Held under repurchase agreements - — -1,095 - 378 -- Special Certificates 238 + 238 + 238 1,043 Federal Agency obligations— Bought outright 4,982 + 53 +3,004 4,981 Held under repurchase agreements — — - 203 - 22 -- Acceptances-- Bought outright 669 — — + 602 667 Held under repurchase agreements -- - 178 - 17 Loans-- Total member bank borrowing 61 - 9 - 922 85 Includes seasonal borrowing of: 7 - 2 12 6 Other borrowing - - -- -- Float 2,122 + 422 + 48 2,372 Other F.R. assets 3i084_ + 13 +2,146_ 3.166 Total Reserve Bank credit 88,595 -2 ,598 +4,349 86,916 Gold dtock 11,620 - 1 + 53 11,620 Special Drawing Rights certif. acct. 400 -— — — 400 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9.341 + 5 + 579 9.343 109,956 -2 ,594 +4,981 108,279 Currency in circulation *** 77,757 + 708 +6,564 78,094 Treasury cash holdings ** * 212 —— - 118 212 Treasury deposits with F.R. Banks 590 -2 ,255 -1,204 * Foreign deposits with F.R. Banks 309 - 31 + 32 314 Other deposits with F.R. Banks 3/ 923 - 65 + 209 989 Other F.R. liabilities and capital 2.953 - 285 + 111 2,898 82,744 -1 ,928 +5,594 82,507 Member bank reserves: With Federal Reserve Banks 27,213 - 666 - 613 25,772 Currency and coin 7.299 + 353 + 444 7.299 Total reserves held 34,512 - 313 - 236 33,071 Required reserves 34,254 - 143 - 378 34,254 Excess reserves 258 - 170 + 142 - 1,183 NOTE: A net of $206 million of surplus reserves were eligible to be carried forward from the week ended March 5, into the week ending March 12. On March 12, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,445 million, a decrease, of $212 million for the week. 1/ Excludes $5,117 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $106 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $30 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 (Boston District) . * Less than $500,000. * Digitized for* F*R*A SEEsRt imated Treasury figures. 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. 12, Mar. 5, Mar. 13, 1975 ** 1975 1974 A S S E TS Gold certificate account 11,620 — «» + 160 Special Drawing Rights certif. acct. * 400 -- Cash (1,587) 352 - 1 + 62 Loans 85 + 27 1,542 Acceptances—Bought outright 667 T 9 4- 600 Held under repurchase agreements —— -- - 86 Federal Agency obligations--Bought outright 4,981 - 2 + 3,028 Held under repurchase agreements -- - 128 U.S. Government securities: . Bought outright--Bills 30,572 • 3,697 5,401 Certificates - Special 1,043 + 1,043 + 1,043 Other Notes 40,495 <•» + J.,699 Bonds 3.535 + 561 Total bought outright 1/2/ 75,645 - 2,654 2,098 Held under repurchase agreements —— - 11902 Total U.S. Government securities (1,596) 75.645 - 2.654 - 4.000 Total loans and securities 81,378 - 2,638 - 2,128 Cash items in process of collection 7,578 - 522 - 682 Bank premises 273 + 1 + 46 Other assets JJ/ 2.893 + 9 2,997 TOTAL ASSETS (3,183) 104,494 - 3J51 445 L I A B I L I T I ES Federal Reserve notes (1,587) 69,315 + 568 6,078 Deposits: Member bank-reserves account 25,772 - 2,582 4,279 U. S. Treasury —general account *** - 956 - 1,944 Foreign 314 + 37 + 40 Other 4/ 989 122 + 252 Total deposits 27,075 - 3,379 * 5,931 Deferred availability cash items (1,596) 5,206 - 287 545 Other liabilities and accrued dividends 1.073 + 1 + 44 TOTAL LIABILITIES (3,183) 102,669 3,097 354 C A P I T AL A C C O U N TS Capital paid in 899 + 2 + 28 Surplus 897 — 4- 53 Other capital accounts 29 56 - 172 Contingent liability on acceptances purchased for foreign correspondents 91 22 5^6 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $5,117 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $106 million securities 16aned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies., 4/ Includes $30 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 (Boston District). *** Less than $500,000. MATURITY DISTRIBUTION OF LOANS AND SECURITIES. MARCH 12. 1975 maturing within 15 ddaayyss iinn aaccii ccoorrddaannccee vv7 i th maximu mmacuric^r or t.ne tmiec U.S. Government Federal Agency LLooaannss AAcccceepptt-- securities obligations aanncceess Holdings 1 Weekly Holdings[Weekly 1 changes 1Changes Within 15 days 74 123 16 days to 90 days 11 421 18,765 -2,540 195 36 91 days to 1 year 123 21,001 + 563 643 25 Over 1 year to 5 years 20,733 — 2,578 37 Over 5 years to 10 years — 10,035 1,045 20 Digitized for FRASEORve r 10 years -- 2,414 » 520 http://fraser.stlouisfed.Toorgt/a l 85 667 75,645 - 2,654 4,981 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 12, 1975 H.4.1(b) Total Boston N Y e o w r k d P e hi l l p a h - ia C l l a e n v d e - R mo 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 t s y a s Dallas F S r an a ncisco ** (In millions of dollars) A S S E TS Gold certificate account 11,620 663 2,463 660 1,082 1,115 473 2,314 543 229 407 354 1,317 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,587 98 376 86 99 106 255 91 20 13 35 125 283 Other cash 352 22 32 13 42 31 46 37 28 15 28 17 41 Loans 85 30 3 5 1 21 1 2 11 1 10 " Acceptances: Bought outright 667 — 667 -- — -- -- -- -- -- Held under repurchase agreements Federal Agency obligations-- Bought outright 4,981 220 1,214 272 408 389 278 795 192 111 195 221 686 Held under repurchase agreements U.S. Government securities: Bought outright— Bills 30,572 1,351 7,451 1,670 2,504 2,388 1,706 4,880 1,180 680 1,197 1,355 4,210 Certificates: Special 1,043 - — 1,043 -- -- — "" Other -— Notes 40,495 1,789 9,869 2,213 3,318 3,163 2,259 6,464 1,562 901 1,586 1,794 5,577 Bonds 3.535 156 862 193 290 276 197 564 136 79 138 157 487 Total bought outright \j2f 75,645 3,296 19,225 4,076 6,112 5,827 4,162 11,908 2,878 1,660 2,921 3,306 10,274 Held under repurchase agreements Total U.S. Government securities 75.645 3.296 19.225 4.076 6.112 5.827 4.162 11.908 2.878 1.660 2.921 3.306 10.274 Total loans and securities 81,378 3,546 21,109 4,353 6,521 6,237 4,441 12,705 3,070 1,782 3,117 3,537 10,960 Cash items in process of collection 9,174 336 1,182 284 434 1,100 997 1,237 417 456 826 649 1,256 Bank premises 273 70 12 35 26 15 14 16 14 34 17 12 8 Other assets 3/ 2,893 40 2,148 59 68 69 61 147 36 27 36 39 163 TOTAL ASSETS 107,677 4,798 27,415 5,513 8,305 8,709 6,309 16,617 4,143 4.481 4.747 14.077 1/ Excludes $5,117 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction. 2/ Includes $106 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ** Estimated (Boston,District^. # 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 March 12, 1975 San New Phila- Cleve- Rich- St. Minne- Kansas Total B * o * ston York delphia land mond Atlanta Chicago Louis apolis City DDaallllaass 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 70,902 3,380 17,693 4,336 6,146 6,482 3,751 11,163 2,967 1,439 2,588 2,642 8,315 Deposits: Member bank reserves 25,772 935 7,068 790 1,519 1,117 1,687 4,049 781 625 1,118 1,468 4,615 U. S. Treasurer—general account * * * * * ** * * * * * * Foreign 314 11 1/ 103 13 25 16 22 44 10 7 12 16 35 Other , 3/ 989 1 891 2 1 21 26 4 1 2 2 14 24 ~vnr Total deposits 27,075 947 8,062 805 1,545 1,154 1,735 4,097 w 1,132 1,498 4,6/4 Deferred availability cash items 6,802 350 943 232 375 886 627 921 286 421 647 464 650 Other liabilities and accrued dividends 1,073 45 247 55 79 85 55 153 37 24 38 43 212 TOTAL LIABILITIES 105,852 4,722 26,945 5,428 8,145 8,607 6,168 16,334 4,082 2,518 4,405 4,647 13,851 CAPITAL ACCOUNTS Capital paid in 899 35 231 42 79 50 70 140 30 22 38 50 112 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 29 6 4 13 2 2 5 1 1 1 1 2_ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 107,677 4,798 27,415 5,513 8,305 8,709 6,309 16,617 4,143 2,563 4,481 4,747 14,077 Contingent liability on acceptances purchased for foreign 91 4 2/ 24 14 11 correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,326 3,504 18,669 4,435 6,346 6,662 4,228 11,422 3,070 1,470 2,739 2,808 8,973 Collateral for F. R. notes: Gold certificate account 3,712 250 750 450 275 860 155 700 267 — — — — 5 — — Special Drawing Rights certif. acc - 116 23 93 __ __ — * — — Acceptances 425 425 W —i • mm — * * mm U.S. Government securities 71,652 3.275 17.525 4.050 6.110 5.822 4.150 11.200 2.875 1.530 2,900 2,915 9.300 Total collateral 75,905 3,548 18,793 4,500 6,385 6,682 4,305 11,900 3,142 1,530 2,900 2,920 9,300 1/ After deducting $211 million participations of other Federal Reserve Banks. ** Estimated (Boston District). 2/ After deducting $67 million participations of other Federal Reserve Banks. * Less than $500,000. 3J Includes $30 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 Digitized for FRASER in the Federal Reserve System's program of credit restraint. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis