H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release January 30, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Jan. 29, Jan. 22, Jan. 30, Jan. 29, and related items 1975 * 1975 1974 1975 * Reserve Bank credit: (In millions of dollars) 1777 U.S. Government securities-- Bought outright--System account 80,760 + 257 +1,976 80,453 Held under repurchase agreements 802 + 28 + 479 1,013 Federal Agency obligations-- Bought outright 4,688 +2,759 4,688 Held under repurchase agreements 91 49 + 39 151 Acceptances-- Bought outright 662 + 32 + 595 658 Held under repurchase agreements 130 + 47 + 108 221 Loans-- Total member bank borrowing 143 451 -1,077 159 Includes seasonal borrowing of: 10 2 7 9 Other borrowing Float 1,983 144 - 166 2,658 Other F.R. assets 3,491 48 +2,162 3,599 Total Reserve Bank credit 92,748 - 235 +6,872 93,600 Gold Stock 11,635 17 + 68 11,635 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 9,246 + 520 9,264 114,029 - 245 +7,460 114,899 Currency in circulation ** 76,710 - 753 +6,779 76,710 Treasury cash holdings ** 212 - 147 212 Treasury deposits with F.R. Banks 3,005 +1,387 94 3,442 Foreign deposits with F.R. Banks 272 7 - 222 334 Other deposits with F.R. Banks 3/ 798 30 + 152 708 Other F.R. liabilities and capital 3,395 _+ 29 + 336 3,446 84,391 + 625 +6,803 84,852 Member bank reserves: With Federal Reserve Banks 29,638 - 870 + 657 30,047 Currency and coin 7,736 - 101 + 645 7,736 Total reserves held 37,374 - 971 +1,235 37,783 Required reserves 37,174 - 901 +1,294 37,174 Excess reserves 200 70 - 59 609 NOTE: A net of $88 million of surplus reserves were eligible to be carried forward from the week ended January 22, into the week ending January 29. On January 29, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $34,980 million, an increase of $335 million for the week. 1/ Excludes $533 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 $31 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 (Cleveland and San Francisco Districts). ** 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) Jan. 29, Jan. 22, Jan. 30, 1975 ** 1975 1974 A S S E TS Gold certificate account 11,635 17 + 175 Special Drawing Rights certif. acct. 400 -- -- Cash (2,230) 306 + 15 + 1 Loans 159 - 2,285 - 1,441 Acceptances—Bought outright 658 + 12 + 591 Held under repurchase agreements 221 - 116 + 138 Federal Agency obligations--Bought outright 4,688 - - + 2,761 Held under repurchase agreements 151 513 9 U.S. Government securities: Bought outright--Bills 36,739 184 336 Certificates - Other Notes 40,403 + 1,812 Bonds 3.311 * — + 162 Total bought outright 1/2/ 80,453 184 + 1,638 Held under repurchase agreements 1.013 - 2.304 7 Total U.S. Government securities 81.466 - 2.488 + 1.631 Total loans and securities 87,343 + 5,390 + 3,671 Cash items in process of collection (1,798) 7,408 + 81 - 325 Bank premises 267 + 1 + 43 Other assets 3/ 3.332 - 330 + 2.183 TOTAL ASSETS (4,028) 110.691 - 5.640 + 5.748 L I A B IL I T I E S Federal Reserve notes (2,230) 67,964 - 482 + 6,148 Deposits: Member bank-reserves account 30,047 - 5,963 458 U. S. Treasury —general account 3,442 + 1,585 + 429 Foreign 334 + 104 151 Other 4/ ( 338) 708 - 198 + 40 Total deposits ( 338) 34,531 - 4,472 » 140 Deferred availability cash items (1,460) 4,750 514 603 Other liabilities and accrued dividends 1.191 - 284 + 197 TOTAL LIABILITIES (4,028) 108,436 - 5,752 + 5,602 C A P I T AL A C C O U N TS Capital paid in 901 + 1 + 52 Surplus 897 —— + 53 Other capital accounts 457 + 111 + 41 Contingent liability on acceptances purchased for foreign correspondents 395 92 167 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $533 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 assets denominated in foreign currencies. 4/ Includes $31 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 (Cleveland and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 2Qr 1Q7S maturing within 15 davs in accordance with maximum maturity r of the agreements.) U.S. Government Federal Agency LLooaannss AAcccceepptt-- securities obligations aanncceess Holdings 1 Weekly Holdings Weekly 1 changes Changes Within 15 days 148 405 6,652 - 1,489 202 - 514 16 days to 90 days 11 375 18,563 - 1,183 217 + 1 91 days to 1 year -- 99 20,948 + 184 616 — Over 1 year to 5 years -- — 23,440 2,313 -- Over 5 years to 10 years — -- 9,673 990 -- Digitized for FRASER Over 10 years -- -- 2.190 501 -http://fraser.stlouisfed.org/T otal 159 879 81,466 - 2,488 4,839 - 513 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 29, 1975 Total Boston N Y e o w r k P d h e i l l p a h - 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 Sa r n a n * c isco (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a ng t e R a i c g c h o t u s n t c ertif. acct. 11,6 4 3 0 5 0 7 2 4 3 4 3,88 9 9 3 58 2 3 3 1,07 3 1 3 7 3 7 6 8 44 2 0 2 1,58 7 7 0 63 1 1 5 266 7 55 1 7 5 60 1 6 4 48 4 3 9 L F O o . t a R h . n e s r n o c t as e h s of other banks 2,2 3 1 3 0 5 0 6 9 14 2 1 5 3 9 43 2 1 2 5 0 16 1 1 7 3 6 1 3 4 4 0 2 17 2 4 6 6 7 2 4 7 3 4 2 17 3 1 0 3 6 5 2 9 5 1 3 2 1 0 0 2 2 6 1 0 5 16 1 1 4 6 6 41 3 3 9 1 Acceptances: Bought outright 658 — 665588 Held under repurchase agreements 221 — 221 Fed B e o r u a g l h t A o g u e t n r c i y g h o t b ligations— 4,688 211 1,041 265 397 374 268 766 183 105 183 213 682 Held under repurchase agreements 151 — 151 U.S. Government securities: Bou B g i h l t l s o utright— 36,739 1,655 8,162 2,077 3,115 2,927 2,099 6,000 1 ,437 819 1,436 1,665 5,347 Certificates: Other Notes 40 3 , . 4 3 0 1 3 1 1,8 1 2 4 1 9 8,9 7 7 3 5 5 2,2 1 8 8 5 7 3,4 2 2 8 5 1 3,2 2 1 6 9 4 2,3 1 0 89 8 6,5 5 9 4 8 1 1 ,5 1 7 2 9 9 90 7 1 4 1,5 1 7 3 9 0 1,8 1 3 5 2 0 5,8 4 8 8 1 2 Total bought outright 1/2/ 80,453 3,625 17,872 4,549 6,821 6,410 4,596 13,139 3 ,145 1,794 3,145 3,647 11,710 iHTS/%l1u JU unGnS/^ia rr erponunrr rvhllfdloQtP: aapgripc cpimu cupunot S 1.013 1.013 T TIr o Ut t t- a La l al i l i t o U a < n • s fO i a n n vep d r Url s iU e m&eL c in u tL r i s^ t e i c e u s r ities 8 8 1 7 . , 4 3 6 4 6 3 3 3 . , 6 8 2 5 5 9 2 1 0 8 , . 9 8 6 8 6 5 4 4 . , 5 8 4 3 9 0 6 7 . , 8 2 2 2 1 0 6 6 . , 4 8 1 3 0 1 4 4 . , 5 8 9 6 6 6 1 1 3 3 . , 1 9 3 2 9 1 3 3 , , 3 1 2 4 9 5 1 1 . ,9 7 1 9 9 4 3 3. , 1 3 4 3 5 3 3 3 . , 6 87 4 6 7 1 1 1 2 . , 7 39 1 3 0 Cash items in process of collection 9,206 328 1,174 326 489 945 816 1,307 429 451 793 674 1,474 B UAt a fl n Ui k eo r p e r ca e of m ol i ch s Lo e o s us / / 3. 2 3 6 3 7 2 6 5 7 9 2,20 1 4 2 3 7 2 8 1 2 0 6 5 10 1 1 5 1 7 4 8 27 1 7 6 1 5 4 1 3 3 4 1 5 1 1 7 1 7 2 4 223 8 TOTAL ASSETS 114,719 5,244 28,795 6,052 9,118 8,908 6,553 17,381 4 ,553 2,750 4,847 5,436 15,082 1/ Excludes $533 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. \/ 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 (Cleveland and San Francisco Districts). Digitized for FRASER http://frasie r.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JANUARY 29, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston Yotk delphia land * mond Atlanta Chicago Louis apolis City Dallas Fran- * cisco (In millions of dollars) LLLLL IIIII AAAAA BBBBB IIIII LLLLL IIIII TTTTT IIIII EEEEESSSSS FFFFFeeeeedddddeeeeerrrrraaaaalllll RRRRReeeeessssseeeeerrrrrvvvvveeeee nnnnnooooottttteeeeesssss 70,194 3,340 17,583 4,349 6,107 6,412 3,711 11,039 2,912 1,414 2,540 2,618 8,169 DDDDDeeeeepppppooooosssssiiiiitttttsssss::::: MMMMMeeeeemmmmmbbbbbeeeeerrrrr bbbbbaaaaannnnnkkkkk rrrrreeeeessssseeeeerrrrrvvvvveeeeesssss 30,047 1,176 7,748 997 2,138 1,330 1,882 4,632 1,005 792 1,232 1,814 5,301 UUUUU..... SSSSS..... TTTTTrrrrreeeeeaaaaasssssuuuuurrrrreeeeerrrrr—————gggggeeeeennnnneeeeerrrrraaaaalllll aaaaaccccccccccooooouuuuunnnnnttttt 3,442 269 829 276 238 196 126 207 220 92 272 374 343 FFFFFooooorrrrreeeeeiiiiigggggnnnnn 334 12 1/ 113 14 26 16 23 46 10 7 13 16 38 OOOOOttttthhhhheeeeerrrrr 33333///// 1,046 2 787 3 1 20 45 90 25 9 20 29 15 TTTTToooootttttaaaaalllll dddddeeeeepppppooooosssssiiiiitttttsssss 34,869 1,459 9,477 1,290 2,403 1,562 2,076 4,975 1,260 900 1,537 2,233 5,697 DDDDDeeeeefffffeeeeerrrrrrrrrreeeeeddddd aaaaavvvvvaaaaaiiiiilllllaaaaabbbbbiiiiillllliiiiitttttyyyyy cccccaaaaassssshhhhh iiiiittttteeeeemmmmmsssss 6,210 308 885 243 324 716 540 848 265 357 638 419 667 OOOOOttttthhhhheeeeerrrrr llllliiiiiaaaaabbbbbiiiiillllliiiiitttttiiiiieeeeesssss aaaaannnnnddddd aaaaaccccccccccrrrrruuuuueeeeeddddd dddddiiiiivvvvviiiiidddddeeeeennnnndddddsssss 1,191 48 270 60 90 83 64 167 3Q 96 40 47 257 TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS 112,464 5,155 28,215 5,942 8,924 8,773 6,391 17,029 4,476 2,697 4,755 5,317 14,790 CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS CCCCCaaaaapppppiiiiitttttaaaaalllll pppppaaaaaiiiiiddddd iiiiinnnnn 901 35 235 42 79 50 69 139 30 22 38 50 112 SSSSSuuuuurrrrrpppppllllluuuuusssss 897 35 235 42 78 50 69 138 30 22 37 49 112 OOOOOttttthhhhheeeeerrrrr cccccaaaaapppppiiiiitttttaaaaalllll aaaaaccccccccccooooouuuuunnnnntttttsssss 457 19 110 26 37 35 96 75 17 Q 17 20 68 TTTTTOOOOOTTTTTAAAAALLLLL LLLLLIIIIIAAAAABBBBBIIIIILLLLLIIIIITTTTTIIIIIEEEEESSSSS AAAAANNNNNDDDDD CCCCCAAAAAPPPPPIIIIITTTTTAAAAALLLLL AAAAACCCCCCCCCCOOOOOUUUUUNNNNNTTTTTSSSSS 114,719 5,244 28,795 6,052 9,118 8,908 6,553 17,381 4.553 2.750 4.847 5.436 15 082 r CCCCCooooonnnnntttttiiiiinnnnngggggeeeeennnnnttttt llllliiiiiaaaaabbbbbiiiiillllliiiiitttttyyyyy ooooonnnnn aaaaacccccccccceeeeepppppttttt----aaaaannnnnccccceeeeesssss pppppuuuuurrrrrccccchhhhhaaaaassssseeeeeddddd fffffooooorrrrr fffffooooorrrrreeeeeiiiiigggggnnnnn cccccooooorrrrrrrrrreeeeessssspppppooooonnnnndddddeeeeennnnntttttsssss 395 15 2/ 104 19 34 22 30 61 13 Q 17 99 /.a FEDERAL RESERVE AGENTS' ACCOUNTS FF.. RR.. nnootteess oouuttssttaannddiinngg 74,641 3,513 18,552 4,505 6,380 6,719 4,279 11,548 3,099 1,470 2,750 2,822 9,004 CCoollllaatteerraall ffoorr FF.. RR.. nnootteess:: GGoolldd cceerrttiiffiiccaattee aaccccoouunntt 3,047 150 750 250 205 600 155 700 232 — — 5 SSppeecciiaall DDrraawwiinngg rriigghhttsscceerrttiiff.. aacccc 93 ..AAcccceeppttaanncceess 425 UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 72,760 % /|?5 17 4,330 6,395 6,900 6,950 11;900 9 Q60 1 510 9 qoo 2 915 O TToottaall ccoollllaatteerraall 76,325 3,575 18,693 4,580 6,530 6,800 4,405 11,900 3,192 1,530 2.900 2.920 9.300 1/ After deducting $221 million participations of other Federal Reserve Banks. 2/ After deducting $291 million participations of other Federal Reserve Banks. 3/ Includes $31 of certain deposits of foreign-owned banking institutions held with member banks and redeposited Digitized for FRASER in full with Federal Reserve Banks in connection with voluntary participation by nonmember institutions in http://fraser.stlouisfed.ortgh/ e Federal Reserve System's program of credit restraint. Federal Reserve Ba*n kE osft Sitm. aLtoueids (Cleveland and San Francisco Districts).