H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•x of c,OV>/. FEDERAL RESERVE Factors Affecting Bank Reserves and •••spF' Condition Statement of F.R. Banks H.4.1 For immediate release April 3, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 2, March 26, April 3, April 2, and related items 1975 1975 1974 1975 Reserve Bank credit: (In millions of c lloollllaarrss)) 11//22// U.S. Government securities-- Bought outright—System account 81,328 + 455 +2,968 81,169 Held under repurchase agreements « mm - 838 - 734 Federal Agency obligations-- Bought outright 5,190 + 209 +3,067 5,189 Held under repurchase agreements mmmm - 175 - 113 — — Acceptances-- Bought outright 671 + 15 + 598 677 Held under repurchase agreements * - 159 - 156 * Loans-- Total member bank borrowing 51 104 -1,452 ** 41 Includes seasonal borrowing of: 7 mm - 41 7 Other borrowing * — • « —— Float 2,394 + 697 + 593 2,317 Other F.R. assets 3.083 rm 114 +2,023 3.067 Total Reserve Bank credit 92,717 - 14 +6,794 92,460 Gold Stock 11,620 —— + 53 11,621 Special Drawing Rights certif. acct. 400 - - — — 400 Treasury currency outstanding 9,392 + 6 + 603 9,396 114,129 - 7 +7,450 113,877 Currency in circulation ** 78,118 + 269 +6,752 78,423 Treasury cash holdings ** 212 —— - 128 212 Treasury deposits with F.R. Banks 2,826 - 598 + 937 '2,430 Foreign deposits with F.R. Banks 476 + 100 + 104 429 Other deposits with F.R. Banks 1,039 + 196 + 335 795 Other F.R. liabilities and capital 3,160 + 72 + 55 2,908 85,831 + 39 ++88;;;;005566 85,197 Member bank reserves: With Federal Reserve Banks 28,299 - 46 - 605 28,680 Currency and coin 6,847 + 359 + 366 6.847 Total reserves held 35,146 + 313 - 297 35,527 Required reserves 34,817 + 137 - 400 34,817 Excess reserves 329 + 176 + 103 710 NOTE: A net of $49 million of surplus reserves were eligible to be carried forward from the week ended March 26, into the week ending April 2. On April 2, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $37,624 million, a decrease of $209 million for the week. 1/ Excludes $267 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $134 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $27 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. * Less than $500,000. ** 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 Wednesday Change since April 2, Mar . 26, April 3, 1975 1975 1974 A S S E TS Gold certificate account 11,621 + 1 4 161 Special Drawing Rights certif. acct- * 400 - - Cash (1,555) 342 - 9 + 75 Loans 41 - 773 - 1,075 Acceptances--Bought outright 677 + 12 + . 603 Held under repurchase agreements — - 363 -- Federal Agency obligations—Bought outright 5,189 + 208 + 3,066 Held under repurchase agreements -- - 463 -- U.S. Government securities: Bought outright"-Bills 35,838 - 214 - 562 Certificates Notes 41,583 + 299 + 2,627 Bonds 3,748 + 74 + 744 Total bought outright 81,169 4* 159 + 2,809 Held under repurchase agreements -- - 1,624 — Total U.S. Government securities .1/2/ 81.169 - 1.465 + 2.809 Total loans and securities 87,076 - 2,844 + 5,403 Cash items in process of collection (1,566) 7,688 + 1,104 - 591 Bank premises 276 — — ' + 46 Operating Equipment 2 — — + 2 Other assets 3/ 2.789 - 72 + 1.966 TOTAL ASSETS (3,121) 110.194 - 1,820 + 7,062 L I A B I L I T I ES Federal Reserve notes (1,555) 69,581 + 280 + 6,116 Deposits: Member bank-reserves account 28,680 - 1,640 + 855 , U.S. Treasury-general account 2,430 - 1,124 + 4 Foreign 429 + 1 + 165 Other 4/ (6) 795 + 3 + 45 Total deposits (6) 32,334 - 2,760 + 1,069 Deferred availability cash items (1,560) 5,371 + 832 - 274 Other liabilities and accrued dividends 1.070 + 14 + 99 TOTAL LIABILITIES (3,121) 108,356 1,634 + 7,010 C A P I T AL A C C O U N TS Capital paid in 903 + 1 + 31 Surplus 897 -- + 53 Other capital accounts 38 187 32 Contingent liability on acceptances . purchased, for foreign correspondents 34 12 672 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $267 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $134 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $27 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. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. APRIL 2, 1975 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 35 103 5,050 - 2,078 -- - 469 16 days to 90 days 6 414 21,379 + 965 236 + 47 91 days to 1 year -— 160 20,341 659 603 - 40 Over 1 year to 5 years 21,288 + 194 2,580 + 2 Over 5 years to 10 years — — -- 10,485 + 40 1,209 + 164 Over 10 years -- -- 2,626 + 73 561 + 41 Digitized for FRASER Total 41 677 81,169 - 1,465 5,189 - 255 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 2, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallas Francisco (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 n t g e R a i c g c h o t u n a t certif. acct 11, 4 62 0 1 0 49 2 9 3 3,92 9 6 3 65 2 5 3 1,37 3 5 3 6 3 1 & 5 33 2 1 2 1,34 7 0 0 55 1 6 5 330 7 32 1 8 5 22 1 0 4 1,44 4 6 9 F.R. notes of other banks Other cash 1, 3 55 4 5 2 2 6 3 1 3 2 6 9 5 7 1 2 1 4 9 3 3 1 3 0 3 7 3 4 0 5 4 3 7 6 3 2 2 9 7 1 1 4 5 2 3 8 8 11 1 5 5 . 28 3 5 6 L A o c a c n e s p tances: 41 4 7 -- 4 1 — 7 10 -- Bought outright 677 677 :: Held under repurchase agreement* Federal Agency obligations- — — — -- — —— L. H B e o l u d g h u t n d o e u r tr r i e g p ht u rchase agreements 5,189 231 1,245 282 425 417 285 822 202 117 205 236 722 U.S. Government securities: -- -- — * * Bought outright- B C i e l r l t s i ficates 35,838 1,597 8,597 1,949 2,936 2,882 1,968 5,679 1,396 807 1,411 1,629 4,987 N B o o t n e d s s 41 3 , , 5 7 8 4 3 8 1,8 1 5 6 3 7 9,9 8 7 9 5 9 2,2 2 6 0 2 4 3, 3 4 0 0 7 7 3,3 30 4 2 4 2,2 2 8 0 3 6 6,5 5 9 9 0 4 1,6 14 2 6 0 93 8 7 4 1,6 1 3 4 7 8 1,8 1 8 7 9 0 5,7 52 8 1 6 Held T u o n t d a e l r b o r u e g p h u t r c o h u a t s r e i g a h g t r e 1 e / e 2 m / n ts 81,169 3,617 19,471 4,415 6,650 6,528 4,457 12,863 3,162 1,828 3,196 3,688 11,294 T To 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 8 7 1 , . 0 1 7 6 6 9 3 3 , . 8 6 4 1 9 7 2 1 1 9 , . 3 4 9 7 7 1 4 4 , . 7 4 0 1 3 5 . 6 . 7 6 . 5 0 0 76 6 6 . . 9 5 5 2 2 8 4 6, . 7 4 4 5 2 7 1 1 3 2 , . 6 8 8 6 9 3 3,365 3 .162 1 ,945 1,408 3 3 . , 6 9 8 3 8 4 1 12 1 , . 0 2 1 9 6 4 C O B a p a s e n h k r a i p t t r i e e n m g m s i E s q i e u n s i p p r m o e c n e t s s of collection 9, 2 2 7 5 6 2 4 37 7 9 2 1,35 1 1 2 2 3 3 6 7 4 51 2 0 6 1,22 1 2 5 88 1 5 4 1,32 1 8 6 40 1 8 3 40 3 0 4 81 1 6 7 60 1 9 2 982 8 Other assets 3/ 2.789 51 1.881 66 85 88 86 165 42 29 42 48 206 TOTAL ASSETS 113.315 4.957 29.056 5r<m 9,241 9,068 6,429 16 717 -4.455 2,774 4,692 4.Q67 i\n?a 1/ Excludes $267 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $134 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 APRIL 2, 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 - (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 71,136 3,394 17,840 4,335 6,169 6,500 3,716 11,203 2,972 1,448 2,598 2,660 8,301 Deposits: Member bank reserves 28,680 974 8,264 926 2,154 1,063 1,659 3,831 899 695 1,151 1,553 5,511 U. S. Treasurer--general account 2,430 111 358 224 229 262 157 234 162 185 150 160 198 Foreign 429 14 1/ 160 17 32 20 28 56 12 9 15 20 46 Other 3/ 801 4 701 1 — 20 31 14 2 1 2 9 16 Total deposits 32,340 1,103 9,483 1,168 2,415 1,365 1,875 4J135 1,075 890 1,318 1,742 5,771 Deferred availability cash items 6,931 344 1,019 287 418 1,024 627 945 309 368 661 421 508 Other liabilities and accrued dividends 1,070 44 242 55 79 76 69 149 37 23 39 43 214 TOTAL LIABILITIES 111,477 4,885 28,584 5,845 9%081 8,965 6,287 16,432 4,393 2,729 4,616 4,866 14,794 CAPITAL ACCOUNTS Capital paid in 903 35 231 42 79 50 70 140 31 22 38 50 115 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 38 2 6 2 3 3 3 7 1 1 1 2 7 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113,315 4,957 29,056 5,931 9,241 9,068 6,429 16.717 4.455 2.774 4.692 4.967 15.028. Contingent liability on acceptances purchased for foreign correspondents 34 1 2/ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 74,546 3,509 18,848 4,421 6,373 6,664 4,139 11,476 3 ,127 1 ,493 2 ,740 2,832 8, 926 Collateral for F. R. notes: GoM certificate account 3,809 250 750 450 275 932 155 700 292 — -- 5 Special Drawing Rights certif. accl 138 23 93 22 — Acceptances U.S. Govt, securities 72,477 3,275 18.250 4,050 6,210 5,822 4,150 11,200 2 ,875 1 .530 2 ,900 2.915 9, 300 Total collateral 76,424 3,548 19,093 4,500 6,485 6.754 4.327 U.900 3 .167 1 ,530 , 2 ,900 2,920 9, inn 1/ After deducting $269 million participations of other Federal Reserve Banks, 27 After deducting $25 million participations of other Federal Reserve Banks. 3/ Includes $27 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 Digitized for FRASER insitutions in the Federal Reserve System's program of credit restraint. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis