H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE llfl Factors Affecting Bank Reserves and .f&u&r-- Condition Statement of F.R. Banks H.4.1 For immediate release April 24, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, April 23, April 16 , 1 April 24, April 23, and related items 1975 1975 1 1974 1975 Reserve Bank credit: 1/ (In millions of dollars) 22//33// U.S. Government securities-- Bought outright—System account 81,493 +1,977 +2,767 81,788 Held under repurchase agreements 673 + 328 + 70 1,122 Federal Agency obligations-- Bought outright 5,189 * — +2,919 5,189 Held under repurchase agreements 110 + 51 + 20 288 Acceptances-- Bought outright 653 + 4 + 575 650 Held under repurchase agreements 57 + 23 70 116 Loans-- Total member bank borrowing 165 + 144 -1,774 1,068 Includes seasonal borrowing of: 6 + 1 - 48 5 Other borrowing -— —— —— WEE Float 2,089 + 208 - 414 2,855 Other F.R. assets 3.315 + 190 +2,124 3,260 Total Reserve Bank credit 93,744 +2,925 +6,218 96,336 Gold Stock 11,620 —— + 53 11,620 Special Drawing Rights certif. acct. 400 —— —— 400 Treasury currency outstanding 9.415 + 8 + 603 9.419 115,179 +2,933 +6,874 117,775 Currency in circulation * 78,478 - 300 +6,170 78,476 Treasury cash holdings * 212 —— - 76 212 Treasury deposits with F.R. Banks 3,523 +2,547 +1,857 6,191 Foreign deposits with F.R. Banks 289 + 22 + 20 249 Other deposits with F.R. Banks 4/ 660 + 18 - 43 640 Other F.R. liabilities and capital 3.194 + 101 + 197 3.261 86,356 +2,387 +8,125 89,029 Member bank reserves: With Federal Reserve Banks 28,823 + 546 -1,251 28,746 Currency and coin 6.477 - 459 + 554 6.477 Total reserves held 35,300 + 87 - 755 35,223 Required reserves 35,158 + 81 - 758 35,158 Excess reserves 142 65 NOTE: A net of $95 million of surplus reserves were eligible to be carried forward from the week ended April 16, into the week ending April 23. On April 23, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,894 million, a decrease of $1,243 million for the week. 1/ Net of $287 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $273 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $126 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. 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) Wednesday Change since April 23, April 16, April 24 , A S S E TS 1975 1975 1974 Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct# * 400 —— — — Cash (1,634) 341 3 + 100 Loans 1,068 + 1,022 - 1,103 Acceptances—Bought outright 650 + 7 + 569 Held under repurchase agreements 116 120 2 Federal Agency obligations—Bought outright 5,189 —— + 2,947 Held under repurchase agreements 288 - 122 + 183 U.S. Government securities: Bought outright—Bills 35,918 + 1,523 641 Certificates Notes 42,067 + 484 + 2,939 Bonds 3,803 + 55 + 799 Total bought outright 1/2/ 81,788 + 2,062 + 3,097 Held under repurchase agreements 1,122 - 1.294 + 671 Total U.S. Government securities 82.910 + 768 + .3.768 Total loans and securities 90,221 + 1,555 + 6,362 Cash items in process of collection (1,835) 8,286 771 82 Bank premises 278 — — + 47 Operating Equipment 2 - - + 2 Other assets 3/ 2.980 + 114 + 1,982 TOTAL ASSETS (3,469) 114,128 + 895 + 8.571 l i a b i l i t i es Federal Reserve notes (1,634) 69,610 - 379 + 5,700 Deposits: Member bank-reserves account 28,746 - 2,513 752 U.S. Treasury-general account 6,191 + 4,553 + 3,766 Foreign 249 47 30 Other 4/ 640 + 25 60 Total deposits 35,826 + 2,018 + 2,924 Deferred availability cash items (1,835) 5,431 - 839 - 288 Other liabilities and accrued dividends 1.112 9 + 34 TOTAL LIABILITIES (3,469) 111,979 + 791 + 8,370 c a p i t al a c c o u n ts Capital paid in 907 + 1 + 35 Surplus 897 —— + 53 Other capital accounts 345 + 103 + 113 Contingent liability on acceptances purchased for foreign correspondents 6 14 - 696 * Figures in parentheses are the eliminations made in the consolidating process. JL/ Excludes $287 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2J Includes $126 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. bj 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 2^ 1Q75 r (Acceptances and securities held under repurchase agreements are classified as HWVWA AWK WJL bUAU VJLUU uiuAJLiuuiu luatui. L. Y V J. UUC flRl CCUICHtO . / U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings IWeekly Holdings 1Weekly 1 changes 1changes Within 15 days 1,068 180 5,962 + 605 ,331 - 124. 16 days to 90 days — 359 21,199 - 303 192 + 1 91 days to 1 year -- 227 20,919 + 35 617 + 14 Over 1 year to 5 years -- 21,496 + 208 2,567 - 13 Digitized O f v o e r r F R 5 A S y E e R a rs to 10 years 10,653 +> 168 1,209 wmmm http://fra O s v er e .s * t lo 1 u 0 is fe y d e .o a r r g/ s -- ' 2,681 + 55 561 - Total 1,068 766 82,910 + 768 5,477 122 Federal Reserve Bank of St. Louis -

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 23, 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 Gold certificate account 11,620 887 2,451 981 1,089 1,079 855 1,379 716 225 559 1,010 389 Special Drawing Rights certif. acct 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,634 54 392 66 93 132 289 . 93 31 17 46 134 287 Other cash 341 23 25 12 42 32 47 37 29 15 29 15 35 Loans 1,068 75 316 7 1 2 8 220 21 73 47 29 269 Acceptances: B He 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 6 1 5 1 0 6 — — 6 11 5 6 0 — - — - - — — — -— — — — — — - - - — - — — — w - — — - — - — — — - — Federal Agency obligations- Bought outright 5,189 231 1,245 282 425 417 285 822 202 117 205 236 722 Held under repurchase agreements 288 — — 288 — — — — — — — — — — — — — — — — — — U.S. Government securities: Bought outright- Bills 35,918 1,601 8,616 1,9.53 2,942 2,889 1,972 5,691 1,400 809 1,415 1,632 4,998 Certificates * — «• — — — —— — — •» — • «* — — — «• — mm •» «• *» •» Notes 42,067 1,874 10,092 2,288 3,446 3,383 2,310 6,667 1,639 948 1,656 1,911 5,853 Bonds 3.803 169 912 207 312 306 209 603 148 85 150 173 529 Total bought outright x/2/ 81,788 3,644 19,620 4,448 6,700 6,578 4,491 12,961 3,187 1,842 3,221 3,716 11,380 Held under repurchase agreeemnts 1.122 — — 1.122 — «• —— — — -- - — — W W •» — • • — • — Total U.S. Government securities 82.910 3.644 20.742 4.448 6.700 6.578 4.491 12.961 3.187 1.842 3.221 3.716 11.380 Total loans and securities 90,221 3,950 23,357 4,737 7,126 6,997 4,784 14,003 3,410 2,032 3,473 3,981 12,371 Cash items in process of collection 10,121 390 1,105 365 558 1,257 869 1,352 715 449 875 683 1,503 Bank premises 278 73 12 38 26 16 14 16 13 33 17 12 8 Operating Equipment 2 —— . 2 - - — — —— —— — * —— — — — — —— —— Other assets 3/ 2,980 59 1.932 82 105 105 77 203 52 33 50 58 224 TOTAL ASSETS 117,597 5.459 29.369 6.304 9.072 9.654 6.957 17.153 4.981 2.811 5,064 5.907 14.866 1J Excludes $287 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. ^ 2/ Includes $126 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

Hv4.I(c> STATEMENT OF, GOWOTTION OF EACH FEDERAL RESERVE BANK ON April 23, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond AAttllaannttaa CChhiiccaaggoo Louis apolis City DDaallllaass Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 71,244 3,425 17,899 4,344 6,182 6,457 3,608 11,307 2,981 1,465 2,608 2,674 8,294 Deposits: Member bank reserves 28,746 984 8,218 1,049 1,600 1,541 1,898 4,110 904 767 1,125 1,829 4,721 U. S. Treasurer--general account 6,191 520 870 471 522 408 610 308 505 100 456 757 664 Foreign 249 10 1/ 65 12 22 14 19 38 8 6 10 14 31 Other 3/ 640 —— 553 1 1 15 26 6 2 1 3 10 22 Total deposits 35,826 1,514 9,706 1,533 2,145 1,978 2,553 4,462 1,419 874 1,594 2,610 5,438 Deferred availability cash items 7,266 392 940 271 478 1,015 575 900 470 396 736 463 630 Other liabilities and accrued dividends 1A12 44 276 54 79 76 66 169 17 25 18 45 225 TOTAL LIABILITIES 115,448 5,375 28,821 6,202 8,884 9,526 6,800 16,818 4,907 2,760 4,976 5,792 14,587 CAPITAL ACCOUNTS Capital paid in 907 35 231 42 80 51 70 141 31 22 38 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 345 14 92 18 30 27 18 56 1,1 7 13 1,6 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 117,597 5.459 29.369 6.304 9.072 9.656 6 r Q57 17,151 6,981 9,811 5,066 5,907 16,866 Contingent liability on acceptances purchased for foreign correspondents 2/ FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,913 3,532 18,996 4,443 6,411 6 ,669 4,076 11,545 3,169 1,509 22,,774466 2,826 8,991 Collateral for F. R. notes: Gold certificate account 3,337 250 750 350 275 615 100 700 292 • mm *• W 5 Special Drawing Rights certif. acct 138 23 93 —— —— — — 22 — — — — mmmm • « • E mm • Acceptances -- -- -- -- — - — — —— — — — — • •» WEE mm mm * ** U. S 4 Government securities 72,880 3,300 18.250 4,150 6,210 6 ,150 4.150 11,200 2,925 1.630 2,700 2,915 9,300 Total collateral 76,355 3.573 19.093 4.500 6,485 6 .765 4.272 11.900 3.217 1.610 2.700 9.920 9.300 1/ After deducting $184 million participations of other Federal Reserve Banks. * Less than $500,000. 2/ After deducting $5 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.stlouisfed.org/ Federal Reserve Bank of St. Louis