H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks t ^ For immediate release 4 May 1, 1975 Week ended Change from week ended Wednesday Member bank reserves, Reserve Bank credit, April 30, April 23, May 1, April 30, and related items 1975 * 1975 1974 1975 * 1/ (In millions of dollars) 2/3/ Reserve Bank credit: U.S. Government securities— Bought outright—System account 83,278 +1,785 +4,077 83,623 Held under repurchase agreements 2,609 +1,936 +1,742 4,223 Federal Agency obligations- Bought outright 5,189 +2,753 5,189 Held under repurchase agreements 335 + 225 + 108 882 Acceptances-- Bought outright 676 + 23 + 594 689 Held under repurchase agreements 184 + 127 + 1 496 Loans-- Total member bank borrowing 241 + 76 -1,916 1,538 Includes seasonal borrowing of: 6 —— 68 11 Other borrowing mm • — Float 1,824 - 266 95 2,158 Other F.R. assets 3,278 37 +1.986 3.276 Total Reserve Bank credit 97,613 +3,868 +9,248 102,074 Gold Stock 11,620 — — + 53 11,620 Special Drawing Rights certif. acct. 400 *" — — 400 Treasury currency outstanding 9,422 + 7 + 600 9,426 119,055 +3,875 +9,901 123,520 Currency in circulation ** 78,128 - 350 +6,080 78,370 Treasury cash holdings ** 300 + 88 1 300 Treasury deposits with F.R. Banks 7,902 +4,379 +5,442 8,363 Foreign deposits with F.R. Banks 279 10 - 64 270 Other deposits with F.R. Banks 4/ 576 84 96 573 Other F.R. liabilities and capital 3.341 + 147 + 209 3,442 90,526 +4,170 +11,571 91,318 Member bank reserves: With Federal Reserve Banks 28,530 - 2.94 -1,668 32,202 Currency and coin 7,014 + 537 + 425 7,014 Total reserves held 35,544 + 243 -1,301 39,216 Required reserves 35,304 + 146 -1,364 35,304 Excess reserves 240 97 A net of $46 million of surplus reserves were eligible to be carried NOTE: forward from the week ended April 23, into the week ending April 30. On April 30, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,174 million, a decrease of $720 million for the week. 1/ Net of $101 million, daily average, matched sale-purchase transactions outstandi g during the statement week. 2/ Excludes $159 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. , 3/ Includes $85 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. . „ , H h l H n n 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 (Cleveland and San Francisco Districts). Digitized for FR*A*S EERst imated 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) Wednesday Change since April 23, May 1, A S S E TS ap;&30* 1975 1974 , Gold certificate account 11,620 + 160 Special Drawing Rights certif. accts. * 400 — Cash (1,611) 351 + 10 + 119 Loans 1,538 + 470 - 331 Acceptances--Bought outright 689 + 39 + 603 Held under repurchase agreements 496 + 380 + 378 Federal Agency obligations--Bought outright 5,189 —— + 2,753 Held under repurchase agreements 882 + 594 + 672 U.S. Government securities: Bought outright--Bills 37,222 + 1,304 + 141 Certificates Notes 42,488 + 421 + 3,360 Bonds 3.913 + 110 + 909 Total bought outright 1/2/ 83,623 + 1,835 + 4,410 Held under repurchase agreements 4.223 + 3.101 + 3.657 Total U.S. Government securities 87.846 + 4.936 + 8.067 Total loans and securities 96,640 + 6,419 +12,142 Cash items in process of collection (1,690) 7,356 - 930 - 1,628 Bank premises 277 - 1 + 45 Operating Equipment 2 -- + 2 Other assets J/ 2.997 + 17 + 1.834 TOTAL ASSETS (3,301) 119.643 + 5,515 +12.674 L I A B I L I T I ES Federal Reserve notes (1,611) 69,595 15 + 5,667 Deposits: Member bank-reserves account 32,202 + 3,456 + 2,568 U.S. Treasury—general account 8,363 + 2,172 + 5,415 Foreign 270 + 21 - 274 Other 1 4/ 573 - 67 - 132 Total deposits 41,408 + 5,582 + 7,577 Deferred availability cash items (1,690) 5,198 - 233 - 832 Other liabilities and accrued dividends 1.182 + 70 + 50 TOTAL LIABILITIES (3,301) 117,383 + 5,404 +12,462 C A P I T AL A C C O U N TS Capital paid in 906 1 + 33 Surplus Other capital accounts 897 —— + 53 457 + 112 + 126 Contingent liability on acceptances purchased, for foreign correspondents 2 4 696 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $159 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $85 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J Includes assets denominated in foreign currencies. —/ 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 (Cleveland and San Francisco Districts). MATURITY DISTRIBUTION? OF LOANS AND SECURITIES. APRIL 30. 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 1,536 594 13,679 + 7,717 926 + 595 16 days to 90 days 2 366 17,837 - 3,362 192 91 days to 1 year 225 21,009 + 90 616 - 1 Over 1 year to 5 years 21,772 + 276 2,567 Over 5 years to 10 years 10,759 + 106 1,209 Over 10 years 2.790 + 109 561 -- Digitized for FRASER Total 1,538 1,185 87,846 + 4,936 6,071 + 594 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON APRIL 30, 1975 New Phila- Cleve- Rich- St. Minne- Kansas SSaann Total Boston York delphia land mond Atlanta Chicago Louis apolis City DDaallllaass FFrraanncciissccoo * ** (In millions of dollars) A S S E TS Gold certificate account 11,620 1,035 110 1,096 815 817 539 2,029 925 250 856 1,104 2,044 Special Drawing Rights certif. acct, 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,611 69 411 70 105 99 290 . 55 26 18 47 136 285 Other cash 351 24 26 13 47 32 48 36 28 15 30 17 35 Loans 1,538 137 619 146 109 34 54 336 61 4 3 18 17 Acceptances: Bought outright 689 689 -- — -- — — -- -- . — -- Held under repurchase agreements 496 — 496 -- -- — — — — -- — — -- Federal Agency obligations— Bought outright 5,189 231 1,194 282 425 417 285 822 202 117 205 236 773 Held under repurchase agreements 882 — 882 -- — — — -- — -- — -- U.S. Government securities: Bought outright- Bills 37,222 1,659 8,562 2,024 3,049 2,993 2,044 5,899 1,450 839 1,466 1,691 5,546 Certificates — — — —- —— —— —— —— - — - - - - - - -— —— Notes 42,488 1,893 9,774 2,311 3,481 3,417 2,333 6,733 1,656 957 1,673 1,930 6,330 Bonds 3.913 174 900 213 321 315 215 620 152 88 154 178 583 Total bought outright JL/2J 83,623 3,726 19,236 4,548 . 6,851 6,725 4,592 13,252 3,258 1,884 3,293 3,799 12,459 Held under repurchase agreeemnts 4,223 — — 4,223 —— . . . . . — - . . . - - —— -— —- -— -— — — Total U.S. Government securities 87,846 3.726 23.459 4.548 6.851 6.725 4.592 13.252 3.258 1.884 3,293 3.799 12.459 Total loans and securities 96,640 4,094 27,339 4,976 7,385 7,176 4,931 14,410 3,521 2,005 3,501 4,053 13,249 Cash items in process of collection 9,046 303 1,156 288 623 1,112 759 1,315 499 379 875 631 1,106 Bank premises ! 277 73 12 38 26 15 14 16 13 33 17 12 8 Operating Equipment 2 — 2 — — — — — — — — — Other assets 3/ 2,997 62 1,907 82 108 116 79 210 53 34 51 60 235 TOTAL ASSETS 122,944 5,683 31,056 6,586 9.142 9.403 6.682 18.141 5.080 2,741 5r1Q2 6 j 027 17 j m l 1/ Excludes $159 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $85 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J Includes assets denominated in foreign currencies. * Estimated (Cleveland and San Francisco Districts). 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 30, 1975 New Fhila- 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 71,206 3,426 17,911 4,329 6,180 6,434 3,596 11,239 2,984 1,465 2,612 2,675 8,355 Deposits: Member bank reserves 32,202 1,146 8,618 1,190 1,601 1,329 1,884 4,876 917 622 1,308 1,912 6,7*9 U. S. Treasurer--general account 8,363 654 2,013 678 529 444 405 523 722 212 681 777 725 Foreign 270 10 1/ 86 12 22 14 19 38 8 6 10 14 31 Other 3/ 573 1 468 1 14 26 5 1 2 2 8 45 Total deposits 41,408 1,811 11,185 1,881 2,152 1,801 2,334 5,442 1,648 842 2,001 2,711 7,600 Deferred availability cash items 6,888 312 1,000 211 533 956 529 957 333 356 648 474 579 Other liabilities and accrued dividends 1,182 45 373 57 82 77 61 152 38 25 39 48 185 TOTAL LIABILITIES 120,684 5,594 30,469 6,478 8,947 9,268 6,520 17,790 5,003 2,688 5,300 5,908 16,719 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 457 19 121 24 37 34 23 73 16 9 17 20 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 122,944 5,683 31,056 6,586 9,142 9,403 6,682 18,141 5,080 2.741 5.392 6.027 17.011 Contingent liability on acceptances purchased for foreign correspondents 2 * 2/ 1 * * * * 1 * * * * * FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 74,871 3,555 19,018 4,436 6,415 6,665 4,065 11,522 3,168 1,516 2,733 2,817 8,961 Collateral for F. R. notes: Gold certificate account 2,587 250 350 275 615 100 700 292 5 Special Drawing Rights certif. acc . 138 23 93 22 Acceptances L U. S. Government securities 73,930 3,300 19,100 4,150 6,210 6,150 4,150 11,200 2,925 1,630 2,900 2,915 9,300 Total collateral 1.0,10* 4,500 4251 zzzsz: 11,900 3 3 EL 1,630 3,900 2,920 9 3tS£ t 2./ After deducting $184 million participations of other Federal Reserve Banks. 2/ After deducting $1 million participations of other Federal Reserve Banks. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis