H.4.1 Factors Affecting Reserve Balances of Depository Institutions

J i §; FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release March 27, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, March 26, March 19, 1 March 27, March 26, 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 80,873 +3,024 +2,670 81,010 Held under repurchase agreements 838 + 838 + 250 1,624 Special Certificates -- - 515 -- -- Federal Agency obligations— Bought outright 4,981 — +2,882 4,981 Held under repurchase agreements 175 + 175 + 145 463 Acceptances-- Bought outright 656 - 3 + 582 665 Held under repurchase agreements 159 + 159 + 89 363 Loans— Total member bank borrowing 155 - 12 -1,558 814 Includes seasonal borrowing of: 7 + 2 37 8 Other borrowing -- — — — Float 1,673 - 327 93 2,045 Other F.R. assets 3,197 - 20 +2,194 3,139 Total Reserve Bank credit 92,707 +3 ,319 +7,161 95,104 Gold stock 11,620 -— + 53 11,620 Special Drawing Rights certif. acct. 400 — — 400 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9,386 + 42 + 614 9,389 114,112 +3,359 +7,827 116,513 Currency in circulation * 77,849 84 +6,732 78,128 Treasury cash holdings * 212 —— - 123 212 Treasury deposits with F.R. Banks 3,424 +3 ,038 +1,107 3,554 Foreign deposits with F.R. Banks 376 + 44 + 69 428 Other deposits with F.R. Banks 3/ 843 - 151 + 174 792 Other F.R. liabilities and capital 3,088 + 82 5 3.080 85,792 +2 ,929 +7,954 86,194 Member bank reserves: With Federal Reserve Banks 28,321 + 431 - 127 30,320 Currency and coin 6,488 - 157 + 229 6,488 Total reserves held 34,809 + 274 + 35 36,808 Required reserves 34,680 + 201 + 75 34,680 Excess reserves 129 + 73 40 2,128 NOTE: A net of $10 million of surplus reserves were eligible to be carried forward from the week ended March 19, into the week ending March 26. On March 26, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,033 million, a decrease of $87 million for the week. 1J Excludes $346 million securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $114 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 System's program of credit restraint. Digitized for FRASER * Estimated Treasury's Figures. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H, ; .1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Mar. 26, Mar. 19, Mar. 27, 1 A S S E TS 1975 1975 1974 , Gold certificate account 11,620 W — + 160 Special Drawing Rights certif. accts. -k 400 » — Cash (1,614) 351 + 2 + 79 Loans 814 40 - 1,219 Acceptances--Bought outright 665 + 10 + 591 Held under repurchase agreements 363 + 363 + 307 Federal Agency obligations—Bought outright 4,981 - - + 2,858 Held under repurchase agreements 463 + 463 + 439 U.S. Government securities: Bought outright—Bills 36,052 + 1,108 + 354 Certificates Notes 41,284 + 789 + 2,328 Bonds 3,674 + 139 + 670 Total bought outright 1/2/ 81,010 + 2,036 + 3,352 Held under repurchase agreements 1.624 + 1,624 + 1,253 Total U.S. Government securities 82.634 + 3,660 + 4,605 Total loans aad securities 89,920 + 4,456 + 7,581 Cash items in process of collection (1,539) 6,584 - 938 857 Bank premises 276 + 2 + 48 Operating Equipment 2 — — + 2 Other assets 3/ 2.861 24 + 2,060 TOTAL ASSETS (3,153).1 12.014 + 3,498 + 9.073 L I A B I L I T I ES Federal Reserve notes (1,614) 69,301 + 23 + 6,194 Deposits: Member bank-reserves account 30,320 + 2,246 + 1,910 U.S. Treasury—general account 3,554 + 1,759 + 1,460 Foreign 428 + 107 + 73 Other 4/ 792 78 + 109 Total deposits 35,094 + 4,034 + 3,552 Deferred availability cash items ((11,,553399)) 4,539 668 680 Other liabilities and accrued dividends 1.056 + 8 + 69 TOTAL LIABILITIES (3,153)109,990 + 3,397 + 9,135 C A P I T AL A C C O U N TS Capital paid in 902 + 30 Surplus Other capital accounts 897 - - + 53 225 + 101 145 Contingent liability on acceptances purchased, for foreign correspondents 46 22 636 i/ under matched sale-purchase transactions. ' 2/ by u-s- — 3/ Includes assets denominated in foreign currencies. 4/ MATURITY DISTRIBUTION: OF LOANS AMD SECIIBTTTES. MARCH 26, 1975 (Acceptances and securities held under repurchase agreements are classified as mflhiir1! nnr r.rl fti4 n 1 R A ewe 4 # abtuiuance va t an.L »m a• x. i+»m u. m• maturity or the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings (Weekly Holdings Weekly 1changes changes 813 475 7,128 + 2,546 469 + 463 16 days to 90 days 1 406 20,414 + 407 189 91 days to 1 year -- 147 21,000 - 203 643 Over 1 year to 5 years -- -- 21,094 + 361 2,578 Over 5 years to 10 years -- -- 10,445 + 410 1,045 pver 10 years -- -- 2.553 + 139 520 Digitized for FRASER Total 814 1,028 82,634 + 3,660 5,444 + 463 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 26, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston Atlanta Chicago Dallas York delphia land mond Louis apolis City Francisco (In millions of dollars) A S S E TS Gold certificate account 11,620 751 2,401 581 1,015 991 373 1,585 573 274 490 610 1,976 Special Drawing Rights certif. acct. 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,614 65 367 78 97 121 299 92 30 14 38 115 298 Other cash 351 23 32 11 42 32 46 36 29 15 29 17 39 Loans 814 56 89 97 37 22 55 320 1 17 3 9 108 Acceptances: Bought outright 665 665 Held under repurchase agreements 363 mmmm 363 w * -- -- — — -- -- Federal Agency obligations— Bought outright 4,981 220 1,214 272 408 389 278 795 192 Ill 195 221 686 Held under repurchase agreements 463 463 U.Si Government securities: Bought outright— Bills 36,052 1,593 8,787 1,969 2,954 2,816 2,011 5,755 1,391 802 1,411 1,598 4,965 Certificates: Other Hel N B o d o t T n e o u d t n s s a d e l r b r o e u p g u h r t c h o a u s t e r i a g g h r t e e 1/ m 2 e : n / t s 4 8 1 1 3 1 , , . . 2 0 6 6 1 8 2 7 0 4 4 4 3 1 , , 5 8 1 7 6 2 9 2 4 1 1 1 9 0 . , , 0 6 8 7 9 6 2 4 6 1 4 4 4 2 , , 4 2 2 0 2 5 1 6 6 6 3 , , 6 3 3 0 3 8 1 7 2 6 3 , , 3 2 2 2 8 2 7 7 4 4 2 , , 5 3 2 1 0 0 9 5 3 1 6 2 , , 5 9 5 3 8 9 1 6 0 3 1 , , 1 5 1 2 9 4 5 3 1 1,8 9 0 1 8 3 9 2 3 1 , , 1 1 6 7 1 4 2 7 4 3 1 , , 5 8 1 2 9 6 9 0 3 1 5 1 , , 5 6 1 0 8 5 6 6 7 T T o o t t a a l l l U o . a S n . s G a o n v d e r s n e m c e u n r t i t s i e e c s u rities 8 8 9 2 , . 9 6 2 3 0 4 3 3. , 5 8 7 5 9 5 2 2 4 1 , . 1 3 6 6 2 8 4 4 . , 4 7 2 9 6 5 6 7 . , 6 08 3 2 7 6 6 , . 7 3 3 2 8 7 4 4. , 5 8 1 5 9 2 1 12 4 . , 9 0 3 4 1 6 3 3 , .1 3 2 1 5 8 1 1 , . 9 8 3 0 1 3 3 3 , . 3 17 7 2 0 3 3. , 5 8 9 2 0 0 1 1 1 1 . ,9 1 5 5 1 7 B C a a n s k h i p t r e e m mi s se i s n process of collection 8,1 27 2 6 3 34 7 3 1 1,17 1 9 2 31 3 1 7 43 2 3 6 82 1 8 5 78 1 3 4 1,24 1 2 6 37 1 7 4 3 3 7 4 0 65 1 4 7 55 1 7 2 1,04 8 6 Operating equipment, net 2 2 Other T a O s T s A e L t s A S 3 S / E TS 11 2 5 . , 8 1 6 6 1 7 5,1 4 7 7 8 3 2 0 . , 0 2 2 6 0 8 5,89 63 9 8,81 8 1 3 8,84 81 2 6,4 6 5 1 0 17,2 15 4 7 4 4,3 4 9 2 8 2,6 3 7 2 7 4,65 4 9 6 5,19 4 1 6 15,5 1 5 8 0 3 1/ Excludes $346 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction. 2/ Includes $1,114 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

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MARCH 26, 1975 San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond Atlanta CChhiiccaaggoo Louis apolis City DDaallllaass Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 70,915 3,384 17,780 4,330 6,152 6,477 3,696 11,183 2,961 1,443 2,586 2,648 8,275 Deposits: Member bank reserves 30,320 1,186 8,577 1,027 1,750 1,091 1,809 4,447 851 599 11,,222299 11,,776622 55,,999922 U. S. Treasurer—general account 3,554 143 1,363 150 256 231 147 198 173 215 126 194 358 Foreign 428 16 1/ 122 20 36 23 31 64 14 10 17 23 52 Other 1' 792 1 711 2 1 18 24 3 —— 2 2 9 19 Total deposits 35,094 1,346 10,773 1,199 2,043 1,363 2,011 4,712 1,038 826 1,374 1,988 6,421 Deferred availability cash items 6,078 324 917 219 360 812 536 883 293 337 579 403 415 Other liabilities and accrued dividends 1,056 45 276 55 79 73 56 150 37 22 37 43 183 TOTAL LIABILITIES 113,143 5,099 29,746 5,803 8,634 8,725 6,299 16,928 4,329 2,628 4,576 5,082 15,294 CAPITAL ACCOUNTS Capital paid in 902 35 231 42 79 50 70 140 31 22 38 50 114 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 225 9 56 12 20 17 12 38 8 5 8 10 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 115.167 5.178 30.268 5.899 8,911 8,642 6,450 17,244 4,398 2,677 4,659 5,191 is ssn Contingent liability on acceptances purchased for foreign 4466 2 22// 1122 2 4 2 4 7 2 1 2 2 6 correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,395 3,518 18,789 4,417 6,361 6,664 4,143 11,427 3,129 1,480 2,725 2,802 8,940 Collateral for F. R. notes: Gold certificate account 3,809 250 750 450 275 932 155 700 292 w w —— 5 WW Special Drawing Rights certif. acct 138 23 93 w mm —I w 22 w mm w W w w —— —— w w Acceptances mm mm • w — — • — mm w -- — — WW -- WW . —— —— U.S. Government securities 72 777 ! 1 27% lR.nso 4,050 6,210 5 R99 & 1 so 11 ?nn 9 ays 1 2,900 __ 9} QISL— 9,300 Total collateral 76^224 1 3,548 18,893 4,500 6,485 6,754 4,327 11,900 3,167 1,530 2,900 2.920 9.300 1/ After deducting $306 million participations of other Federal Reserve Banks. 2/ After deducting $34 million participations of other 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 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