H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.Co? GOVr.'. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release April 10, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 9, April z, April 10, April 9,** and related items 1975 ** 1975 1974 1975 Reserve Bank credit: 1/ (In millions of dollars) TTTT U.S. Government securities-- Bought outright—System account 79,319 -2,009 4- 957 78,621 Held under repurchase agreements - 176 Federal Agency obligations-- Bought outright 5,189 4-3,066 5,189 Held under repurchase agreements 14 Acceptances-- Bought outright 665 + 591 649 Held under repurchase agreements * 25 1 Loans-- Total member bank borrowing 32 19 -1,162 14 Includes seasonal borrowing of: 7 34 7 Other borrowing Float 2,511 + 121 + 472 2,458 Other F.R. assets 3,085 Jh 2 +1,981 3,131 Total Reserve Bank credit 90,801 -1,912 +5,690 90,063 Gold Stock 11,621 + 1 + 54 11,620 Special Drawing Rights certif. acct. 400 400 Treasury currency outstanding 9.399 + 599 9,403 112,221 -1,904 +6,344 111,486 Currency in circulation *** 78,453 + 335 +6,445 78,880 Treasury cash holdings *** 212 - 114 212 Treasury deposits with F.R. Banks 1,919 - 907 + 565 467 Foreign deposits with F.R. Banks 359 - 117 + 59 267 Other deposits with F.R. Banks 4/ 646 - 393 79 595 Other F.R. liabilities and capital 2.951 - 209 + 97 3,023 84,540 -1,291 +6,973 83,444 Member bank reserves: With Federal Reserve Banks 27,681 - 614 - 630 28,042 Currency and coin 6,999 + 143 + 357 6.990 Total reserves held 34,6*1 - 471 - 331 35,032 Required reserves 34,556 - 261 - 384 34,556 Excess reserves 115 - 210 + 53 476 NOTE: A net of $129 million of surplus reserves were eligible to be carried forward from the week ended April 2, into the week ending April 9. On April 9, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,698. million, an increase of $874 million for the week. 1/ Net of $1,547 million, daily average, matched sale-purchase transactions outstanding during the statement week, %) Excludes $2,173 million of securities sold, and scheduled-to be bought back, under matched sale-purchase transactions. 3/ Includes $178 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $22 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 (Richmond, Chicago aud Dallas Districts), Digitized for FRASER *** Estimated Treasury's 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) Change since Apri 1 9, April 2, April 10, A S S E TS 1975 ** 1975 1974 Gold certificate account 11,620 1 4- 160 Special Drawing Rights certif. acct, 400 —— * mm Cash (1,470) 332 10 + 74 Loans 14 27 - 1,272 Acceptances--Bought outright 649 28 + . 576 Held under repurchase agreements 1 4- 1 4- 1 Federal Agency obligations--Bought outright 5,189 -- 4- 3,066 Held under repurchase agreements U.S. Government securities: Bought outright--Bills 33,290 - 2,548 - 3,105 Certificates -- mm * * Notes 41,583 mm + 2,627 Bonds 3.748 mm + 744 Federal Fin. Bank Oblig. Total bought outright 1/2/ 78,621 - 2,548 + 266 Held under repurchase agreements -- — «• ** «# Total U.S. Government securities 78.621 - 2.548 + 266 Total loans and securities 84,474 - 2,602 + 2,637 Cash items in process of collection (1,536) 7,444 - 244 451 Bank premises 276 -— 4- 46 Operating Equipment 2 mm + 2 Other assets $_/ 2.853 + 64 + 1.977 TOTAL ASSETS (3,006) 107.401 - 2.793 + 4.445 L I A B I L I T I ES Federal Reserve notes (1,470) 70,021 + 440 + 5,724 Deposits: Member bank-reserves account 28,042 638 4- 21 U.S. Treasury—general account 467 - 1,963 810 Foreign 267 162 72 Other 4_/ 595 - 200 163 Total deposits 29,371 - 2,963 - 1,024 Deferred availability cash items (1,536) 4,986 - 385 - 360 Other liabilities and accrued dividends 1.083 + 13 4- 49 TOTAL LIABILITIES (3,006) 105,461 + 2,895 4- 4,389 C A P I T AL A C C O U N TS Capital paid in 903 4- 31 Surplus 897 -- 4- 53 Other capital accounts 140 + 102 28 Contingent liability on acceptances purchased, for foreign correspondents 24 10 673 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,173 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $178 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $22 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 (Richmond, Chicago, and Dallas Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. APRIL 9. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings (Weekly Holdings Weekly changes changes Within 15 days 94 2,636 - 2,414 2 + 2 16 days to 90 days 399 20,950 - 429 234 - 2 91 days to 1 year 157 20,636 + 295 603 Over 1 year to 5 years 21,288 2,580 Over 5 years to 10 years 10,485 1,209 Over 10 years 2,626 561 Total 14 650 78,621 - 2,548 5,189 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1975 Total Boston N Y e o w r k de P l h p i h l i a a - Cl l e an v d e - R m i * o c n h d - Atlanta Ch * i cago L S o t u . is M a i p n o n l e i - s Ka C n i s t a y s Da * l las F S r a a n ncisco (In millions of dollars) A S S E TS Gold certificate account 11,620 465 5,099 646 836 809 151 1,251 346 113 193 353 1,358 Special Drawing Rights certif. acct 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,470 49 358 58 80 110 299 69 22 12 35 120 258 Other cash 332 24 28 12 35 30 45 34 28 15 29 16 36 Loans 14 1 * 6 1 — 1 1 1 1 2 — — Acceptances: Bought outright 649 — 649 — — — Held under repurchase agreements 1 1 — — — — — — — Federal Agency obligations- Bought outright 5,189 231 1,245 282 425 417 285 822 202 117 205 236 722 Held under repurchase agreements U.S. Government securities: Bought outright- Bills 33,290 1,483 7,986 1*810 2,727 2,677 1,828 5,275 1,297 750 1,311 1,513 4,633 Certificates Notes 41,583 1,853 9,975 2,262 3,407 3,344 2,283 6,590 1,620 937 1,637 1,889 5,786 Bonds 3.748 167 899 204 307 302 206 594 146 84 148 170 521 Total bought outright 1/2/ 78,621 3,503 18,860 4,276 6,441 6,323 4,317 12,459 3,063 1,771 3,096 3,572 10,940 Held under repurchase agreeemnts Total U.S. Government securities 78.621 3.503 18.860 4.276 6.441 6.323 4.317 12.459 3.063 1.771 3,0?6 3.572 10.940 Total loans and securities 84,474 3,735 20,755 4,564 6,867 6,740 4,603 13,282 3,266 1,889 3,303 3,808 11,662 Cash items in process of collection 8,890 337 1,210 299 450 1,220 1,055 1,351 430 373 756 531 968 Bank premises 276 72 12 37 26 15 14 16 13 34 17 12 8 Operating Equipment 2 2 Other assets 3/ 2.853 53 1.901 72 93 100 71 175 45 33 45 53 212 TOTAL ASSETS 110.407 4.758 29.458 5.711 8.420 *s860 16.248 4,165 2,476 Ml 4,907.,-.,. 16,551 1/ Excludes $2,173 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2/ Includes $178 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ** Estimated (Richmond, Chicago and Dallas Districts). * Less than $500,000. Digitized for FRAIS ER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 9, 1975 San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond . Atlanta Chicago Louis apolis City DDaallllaass Fran- * * ** **** cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 71,491 3 408 17,903 4 ,349 6,185 6,529 3,719 11,289 2 ,998 1,463 2,619 2,682 8,347 Deposits: Member bank reserves 28,042 906 8,895 960 1,586 1,318 1,716 3,565 755 603 1,001 1,651 5,086 U. S. Treasurer--general account 467 -- 467 f— — ** mm w — — mm mm * mm mm mm mm mm Foreign 267 12 1/ 50 14 26 16 22 45 10 7 12 16 37 Other _3/ 595 2 503 1 —— 18 25 9 * 3 3 14 17 Total deposits 29,371 920 9,915 975 1,612 1,352 1,763 3,619 765 613 1,016 1,681 5,140 Deferred availability cash items 6,522 310 898 232 374 989 573 890 299 329 640 339966 559922 Other liabilities and accrued dividends 1,083 44 244 64 78 78 58 IS) 37 7L 6% 223 TOTAL LIABILITIES 108,467 4,, 682 28,960 5 ; , 620 8,249 8,948 6,113 15,950 4,, 099 2,429 4,313 4,802 14,302 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 140 6 32 7 14 12 8 20 5 5 6 22 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 110,407 4,, 758 29,458 5,, 711 8,420 9,060 6,260 16,248 4, 165 2.476 4.393 4.907 14,551 Contingent liability on acceptances purchased for foreign correspondents 24 1 2/ 6 1 2 I 2 4 1 1 1 1 3 FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 74,687 3,520 18,895 4,426 6,386 6,669 4,127 11 ,494 3,149 1,489 2, 737 2,831 8,964 Collateral for F. R. notes: Gold certificate account 3,492 250 750 450 275 615 155 700 292 __ 5 Special Drawing Rights certif acct. 138 23 93 —— -- — — 22 — — • W mm tm __ Acceptances — -- -- -- — — — — -» — — — mm mm mm mm mm mm U.S. Government securities 72,830 3,275 18,250 4,050 6.210 6,150 4,150 11 ,200 2,900 1.530 2, 900 2,915 9,300 Total collateral 76,460 3,548 19,093 4,500 6.485 6.765 4,327 11 ,900 1,192 1,510 ?, AGO ?,q?n 9,300 1/ After deducting $217 million participations of other Federal Reserve Banks. 2/ After deducting $18 million participations of other Federal Reserve Banks. 3/ Includes $22 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*.s*tl oEusistfeidm.oartge/ d" (Richmond, Chicago and Dallas Districts). * Less than $500,000. Federal Reserve Bank of St. Louis