H.4.1 Factors Affecting Reserve Balances of Depository Institutions

, # &, FEDERAL RESERVE Factors Affecting Bank Reserves and ' • % * i C o n d i t i on Statement of F.R. Banks H.4.1 For immediate release April 17, 1975 Week ended Change from week ended Wednesday Member bank reserves, April 16, April 5, April 17, April 16, Reserve Bank credit, 1975 1975 1974 1975 and related items Yj (In millions of dollars) 2/3/ Reserve Bank credit: U.S. Government securities-- Bought outright—System account 79,516 + 197 + 988 79,726 Held under repurchase agreements 345 + 345 - 505 2,416 Federal Agency obligations-- Bought outright 5,189 +3,066 5,189 Held under repurchase agreements 59 + 59 46 410 Acceptances-- 649 16 + 576 643 Bought outright Held under repurchase agreements 34 + 34 23 236 Loans-- 21 11 -1,795 46 Total member bank borrowing Includes seasonal borrowing of: 5 - 2 42 6 Other borrowing * mm —— —— - - Float 1,895 - 620 - 751 2,787 3,125 + 39 +1,991 3,146 Other F.R. assets 90,833 + 27 +3,501 94,599 Total Reserve Bank credit Gold Stock 11,620 - 1 + 53 11,620 Special Drawing Rights certif. acct. 400 —— — — 400 Treasury currency outstanding 9/407 + 8 + 604 9,412 112,260 + 35 +4,158 116,031 Currency in circulation 78,778 + 325 +6,162 78,845 Treasury cash holdings 212 —— 91 212 Treasury deposits with F.R. Banks 976 - 943 - 323 1,638 Foreign deposits with F.R. Banks 267 - 92 - 172 296 Other deposits with F.R. Banks 4/ 642 - 4 53 615 3.093 + 141 + 83 3.166 Other F.R. liabilities and capital 83,969 572 +5,608 84,772 - Member bank reserves: With Federal Reserve Banks 28,291 + 607 -1,450 31,259 Currency and coin 6,936 - 54 + 479 6.936 35,227 + 553 -1,029 38,195 Total reserves held 35,077 + 521 - 850 35,077 Required reserves 150 32 - 179 Excess reserves NOTE: A net of $55 million of surplus reserves were eligible to be carried forward from the week ended April 9, into the week ending April 16. On April 16, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,137 million, an increase of $1,439 million for the week. 1/ Net of $1,293 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,484 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $181 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 redepoeited 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 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 16, April 9, April 17, ' A S S E TS 1975 1975 1974 , Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct, 400 Cash (1,502) 344 + 12 + 97 Loans 46 + 32 - 1,238 Acceptances--Bought outright 643 6 + 567 Held under repurchase agreements 236 235 + 217 Federal Agency obligations--Bought outright 5,189 + 3,066 Held under repurchase agreements 410 410 + 367 U.S. Government securities: Bought outright—Bills 34,395 + 1 ,105 - 2 ,204 Certificates «" * * — — — Notes 41,583 — — + 2 ,627 Bonds 3.748 -- + 744 Total bought outright 11//22// 79,726 + 1 ,105 + 1 ,167 Held under repurchase agreements 2.416 + 2 ,416 + 1 ,946 Total U.S. Government securities 82,142 + 3 ,521 + 3 ,U3 Total loans and securities 88,666 + 4 ,192 + 6 ,092 Cash items in process of collection (1,885) 9,057 + 1 ,739 - 499 Bank premises 278 + 2 + 46 Operating Equipment 2 -- + 2 Other assets 3_/ 2.866 + 10 + 1 ,815 TOTAL ASSETS (3,387) 113.233 + 5 ,955 + 7 ,713 L I A B I L I T I ES Federal Reserve notes (1,502) 69,989 - 33 + 5 ,635 Deposits: Member bank-reserves account 31,259 + 3 ,217 + 1 ,848 U.S. Treasury—general account 1,638 + 1 ,171 + 736 Foreign ^ 296 + 29 - 72 Other 4J * 615 + 20 - 55 Total deposits 33,808 + 4 ,437 + 2 ,457 Deferred availability cash items (1,885) 6,270 4-1 ,415 - 649 Other liabilities and accrued dividends 1.121 + 35 + 72 TOTAL LIABILITIES (3,387) 111,188 + 5 ,854 + 7 ,515 C A P I T AL A C C O U N TS Capital paid in 906 + 3 + 34 Surplus 897 • mm + 53 Other capital accounts 242 + 98 + 111 Contingent liability on acceptances purchased, for foreign correspondents 20 * 4 - 678 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,484 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions, 2_! Includes $181 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. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. APRIL 16, 1975 (Acceptances and securities held under repurchase agreements are classified as macuring wicnin uavs xii eiuuvjuumiuc ir iLU IUOAJ.U1UUI uiauui VJL uuc / U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 46 363 5,357 + 2,721 455 + 453 16 days to 90 days 355 21,502 + 552 191 - 43 91 days to 1 year 161 20,884 + 248 603 Over 1 year to 5 years 21,288 2,580 Over 5 years to 10 years 10,485 1,209 Digitized for FRASERO ver 10 years -- 2.626 561 http://fraser.stlouisfed.orTg/o tal 46 879 82,142 + 3,521 5,599 + 410 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 16, 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 s n t c ertif. acct 11,6 4 2 00 0 64 2 1 3 3,5 9 3 3 4 63 2 6 3 1,05 3 6 3 64 3 4 6 20 2 7 2 1,83 7 4 0 49 1 0 5 140 7 37 1 7 5 41 1 2 4 1,64 4 9 9 O F t . h R e . r n c o a t s e h s of other banks 1,5 3 0 4 2 4 4 2 0 3 37 2 3 7 5 1 4 2 4 8 2 1 1 3 1 2 0 30 4 3 6 . 3 7 7 9 2 2 9 4 1 1 3 6 3 3 8 0 12 1 6 5 26 3 1 5 L Ac o c a e n p s t ances: 46 14 3 5 1 — 1 1 21 Bought outright 643 643 Held under repurchase agreements 236 236 Federal Agency obligations- H B e o l u d g h u t n d o e u r tr i r g e h p t u rchase agreements 5,1 4 8 1 9 0 231 .1, 4 2 1 4 0 5 282 425 417 285 822 202 117 205 236 722 U.S. Government securities: Bought outright- Bills Certificates 34,395 1,532 8,251 1,870 2,817 2,766 1,889 5,451 1,340 775 1,355 1,563 4,786 Notes Bond 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 3,4 30 0 7 7 3, 3 3 0 4 2 4 2,2 20 8 6 3 6,5 5 9 9 0 4 1,6 1 2 4 0 6 93 8 7 4 1,6 1 3 4 7 8 1,8 1 8 7 9 0 5,7 5 8 2 6 1 Held T u o n t d a e l r b r o e ug 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 7 2 9 , , 4 7 1 2 6 6 3,552 1 2 9 , , 4 1 1 2 6 5 4,336 6,531 6,412 4,378 12,635 3,106 1,796 3,140 3,622 11,093 T T o o t t a a l l U lo . 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 8 2 , . 6 1 6 4 6 2 3 3 , , 7 5 9 5 7 2 2 2 1 4 . , 5 0 4 7 1 8 4,62 4 3 .336 6,957 6.531 6,829 6.412 4,664 4.378 13,45 1 8 2.635 3 3 . , 1 3 0 2 6 9 1 1 , . 9 7 1 4 3 6 3 3 , , 3 1 4 4 5 0 3 3 , . 8 61 5 1 8 11.093 11,815 O C B p a a e s n r h k a i p t r t i e e n m m g i s s E e q i s u n i p p m r e o n c t e ss of collection 10, 2 9 7 4 8 2 2 40 7 8 3 1,57 1 1 2 2 36 3 1 7 65 2 3 6 1,34 1 3 6 99 1 5 4 1,51 1 7 6 57 1 0 3 45 3 0 4 86 1 0 7 7 1 5 2 2 1,462 Other assets 3/ 2.866 63 1,886 73 98 99 71 185 46 29 47 54 215 TOTAL ASSETS 116,620 5,068 31,576 5,819 8.946 9.109 6.322 17,196 ,516 2.602 4.729 5.243 15.494 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 APRIL 16, 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) L I A B I L I T I ES Federal Reserve notes 71,491 3 ,414 17 ,918 4,361 6 ,194 6,491 3,6 87 11,321 2,994 1,466 2 ,617 2 ,685 8 ,343 Deposits: Member bank reserves 31,259 1 ,139 9 ,166 1,040 1 ,952 1,279 1,8 24 4,243 994 649 1 ,200 1 ,848 5 ,925 U. S. Treasurer—general account 1,638 — 1 ,636 — — —— -- — — — — — — — — —— Foreign 296 11 1/ 93 13 24 15 21 42 9 7 12 15 34 Other 615 2 528 1 —— 18 23 6 2 1 2 10 22 Total deposits 33,808 1 ,152 11 ,425 1,054 1 ,976 1,312 1,8 68 4,291 1,005 657 1 ,214 1 ,873 5 ,981 Deferred availability cash items 8,155 377 1 ,406 253 518 1,111 561 1,115 410 406 776 532 690 Other liabilities and accrued dividends 1,121 45 305 54 79 75 54 151 37 24 38 43 216 TOTAL LIABILITIES 114,575 4 ,988 31 ,054 5,722 8 ,767 8,989 6, 170 16,878 4,446 2,553 4 ,645 5 ,133 15 ,230 CAPITAL ACCOUNTS Capital paid in 906 35 231 42 80 51 70 140 31 22 38 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 242 10 56 13 21 19 13 40 9 5 9 11 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 116,620 5 ,068 31 ,576 5.819 8 ,946 9,109 6,3 22 17.196 4,516 2,602 4 ,729 5,, 243 15 ,646 Contingent liability on acceptances purchased for foreign correspondents 20 1 11// 5 1 2 1 2 3 1 * 1 1 2 FEDERAL RESERVE AGENTS 1 ACCOUNTS F. R. notes outstanding 74,916 3 ,535 18 ,969 4,446 6 ,416 6,666 4, 130 11,529 3,156 1,499 2,, 752 2,, 820 8,, 998 Collateral for F. R. notes: Gold certificate account 3,337 250 750 350 275 615 100 700 292 5 Special Drawing Rights certif. acc 138 23 93 —— —— —— 22 •» mm m* mm mm w mm • Acceptances -- -- —— —— -- —— — — mm • mm mm U. S. Government securities 1 72,9551 3 ,300 18 ,250 4,150 6 ,210 6,150 4, 150 11,200 2,900 1.530 2,, 900 2,, 915 9,3 00 76,430 I 3,573 19,091 4,500 0,4R5 6,765 4*212 11,900 y og i sio 9 Qnn 9 Q9n o inn 1/ After deducting $203 million participations of other Federal Reserve Banks, * Less than $500,000, 2/ After deducting $15 million participations of other Federal Reserve Banks, 3J Includes $22 million of certian 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