H.4.1 Factors Affecting Reserve Balances of Depository Institutions

J f i f e, FEDERAL RESERVE \lWffiM-' Factors Affecting Bank Reserves and Condition Statement of F.R. Banks ^ 2 For immediate release May 8, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended May 7, April JU, o, Reserve Bank credit, 1975 1975 1974 and related items (In millions of dollars) Reserve Bank credit: 1/ U.S. Government securities-- Bought outright—System account 83,761 + 483 + 4,329 Held under repurchase agreements 2,601 - 8 + 1,697 Federal Agency obligations-- Bought outright 5,162 27 + 2,726 Held under repurchase agreements 601 + 266 + 183 Acceptances-- Bought outright 695 + 19 + 607 Held under repurchase agreements 418 4* 234 + 218 Loans-- Total member bank borrowing 33 208 - 1,583 Includes seasonal borrowing of: 10 4- 4 72 Other borrowing Float 1,761 • 25 46 Other F.R. assets 3.424 + 143 + 2.088 Total Reserve Bank credit 98,456 + 878 +10,218 Gold Stock 11,620 -- + 53 Special Drawing Rights certif. acct. 400 - -- -- Treasury currency outstanding 9,435 + 13 + 608 119,910 4* 890 +10,878 Currency in circulation * 78,412 + 289 + 5,949 Treasury cash holdings * 300 -- 4* 1 Treasury deposits with F.R. Banks 8,960 +1 ,058 + 6,001 Foreign deposits with F.R. Banks 232 - 47 62 Other deposits with F.R. Banks 3/ 688 4* 112 + 26 Other F.R. liabilities and capital 3,141 - 201 + 180 91,733 4-1 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves ot o Wednesday May 7, 1975 2/ 84,047 I,939 5,162 431 699 245 21 10 2,376 3.319 98,239 II,620 400 9.453 119,712 79,020 300 9,162 257 482 3.080 +12,095 92,301 28,177 - 321 - 1,216 27,411 7,143 + 129 + 258 7.143 35,320 - 192 - 1,016 34,554 34,934 - 370 - 1,267 34,934 386 + 178 + 251 - 380 NOTE: A net of $94 million of surplus reserves were eligible to be carried forward from the week ended April 30, into the week ending May 7. On May 7, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $37,980 million, a decrease of $353 million for the week. 1/ Net of $74 million, daily average, matched sale-purchase transactions outstanding ~~ during the statement week. 2/ Includes $170 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $24 million of certain deposits of foreign-owned banking institutions — held with member bankd 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. Digitized for *FR EAsStEiRm ated 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 May 7, April 30, May 8, A S S E TS 1975 1975 1974 Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct, * 400 -- —— Cash (1,482) 352 + 5 + 119 Loans 21 - 1,517 - 1,902 Acceptances--Bought outright 699 + 10 + 613 Held under repurchase agreements 245 - 251 + 66 Federal Agency obiigations--Bought outright 5,162 - 27 + 2,726 Held under repurchase agreements 431 - 451 + 44 U.S. Government securities: Bought outright--Bills 37,646 + 424 + ' 298 Certificates -- — mm * • Notes 42,488 — — + 3,360 Bonds 3.913 + 909 Total bought outright 1/ 84,047 + 424 + 4,567 Held under repurchase agreements 1.939 - 2.284 + 1.117 Total U.S. Government securities 85.986 - 1.860 + 5.684 Total loans and securities 92,544 - 4,096 + 7,231 Cash items in process of collection (1,453) 7,310 + 101 381 Bank premises 279 + 2 + 46 Operating Equipment 2 «• + 2 Other assets 2_/ 3.038 + 20 + 1.941 TOTAL ASSETS (2,935) 115.545 - 3,968 + 9.118 L I A B I L I T I ES Federal Reserve notes (1,482) 70,219 + 658 + 5,642 . Deposits: Member bank-reserves account 27,411 4,791 - 2,183 U.S. Treasury--general account 9,162 + 799 + 6,169 Foreign 257 - 13 + 3 Other 3./ 482 - 91 207 Total deposits 37,312 - 4,096 +3,782 Deferred availability cash items (1,453) 4,934 - 158 377 Other liabilities and accrued dividends 1.159 - 33 + 17 TOTAL LIABILITIES (2,935) 113,624 - 3,629 + 9,064 C A P I T AL A C C O U N TS Capital paid in 907 + 1 + 34 Surplus 897 + 53 Other capital accounts 117 - 340 33 Contingent liability on acceptances purchased, for foreign correspondents 2 * Figures in parentheses are the eliminations made in the consolidating process. i/ Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 1/ Includes assets denominated in foreign currencies. 3/ Includes $24 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. MAY 7. 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 17 377 11,420 - 2,259 431 - 495 16 days to 90 days 4 345 17,510 - 327 218 + 26 91 days to 1 year — — 222 21,735 + 726 607 - 9 Over 1 year to 5 years - - 21,772 -- 2,567 -- Over 5 years to 10 years -— -— 10,759 —- 1,209 -- Over 10 years -- —- 2.790 —— 561 Digitized for FRASER Total 21 944 85,986 - 1,860 5,593 - 478 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H,4.1(b) STATEMENT OF CONDITIO* OF BACH FEDERA LRESERVE BANK ON MAY 7, 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 11,620 530 3,351 668 888 981 611 1,768 449 206 419 422 1,327 Special Drawing Rights certif. acct 400 23 93 23 33 36 22 70 15 7 15 14 49 F.R. notes of other banks 1,482 62 392 44 88 109 258 72 21 16 47 123 250 Other cash 352 25 26 13 43 32 47 40 28 15 30 16 37 Loans 21 1 ** • 5 1 • e. 6 3 1 4 Acceptances: Bought outright 699 —— 699 —— —— — — — m# — * • mm « * mm tm Held under repurchase agreements 245 -- 245 —— - — w • " • * tm mm Federal Agency obligations- Bought outright 5,162 240 1,239 303 408 417 269 777 197 113 211 264 724 Held under repurchase agreements 431 - - 431 —— —— -- — — •» — —— —— — — mm mt mmmm U.S. Government securities: Bought outright- Bills 37,646 1,750 9,035 2,211 2,974 3,042 1,966 5,671 1,434 822 1,538 1,925 5,278 Certificates ... . . -- —— mm • —• —— —— •* — mm * • mm Notes 42,488 1,975 10,196 2,495 3,357 3,433 2,218 6,400 1,619 928 1,737 2,172 5,958 Bonds 3,913 182 939 230 309 316 204 589 149 86 160 200 549 Total bought outright 1/ 84,047 3,907 20,170 4,936 6,640 6,791 4,388 12,660 3,202 1,836 3,435 4,297 11,785 Held under repurchase agreement 1,939 — 1,939 —— — — -- — - - — —— Total U.S. Government securities 85,986 3,907 22.109 4.936 6.640 6.791 4,388 12.660 3,202 1,836 3,435 4,297 11,785 Total loans and securities 92,544 4,148 24,723 5,244 7,049 7,208 4,663 13,440 3,399 1,950 3,650 4,561 12,509 Cash items in process of collection 8,763 343 1,247 313 436 1,088 822 1,290 385 397 111 557 1,108 Bank premises 279 74 12 39 26 15 14 16 13 33 17 12 8 Operating Equipment 2 —— 2 —— —— mmmm —— — — mmmm Other assets 2/ 3,038 68 1,894 102 110 119 87 208 53 37 56 72 232 Interdistrict settlement account 3/ -0- + 338 + 1.220 - 129 t 86 - 135 - 160 f 53 38 68 - 280 2SS 65? TOTAL ASSETS 18.480 5.611 32.960 6.317 ,8,759 9.453 G.3G4 15,957 4.325 2.613 4,731 5,522 14,86ft . 1/ Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3J The debits and credits (-) are accumlations arising largely from the daily movement of checks and wire transfers of funds between districts and are offsetting on a combined basis. Until April 30, such balances were closed out daily to each Reserve Bank's gold certificate account. Use of the gold certificate accounts for this purpose has Digitized for bFeReAnS dEiRs continued and closing out of the balances will occur yearly. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 8, 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 71,701 3,439 17,994 4,348 6,204 6,509 3,644 11,357 3,015 1,474 2,637 2,700 8,380 Deposits: Member bank reserves 27,411 1,024 9,118 765 1,290 1,176 1,686 3,739 736 603 923 1,414 4,937 U. S. Treasurer—general account 9,162 670 3,668 816 627 628 248 531 176 115 404 811 468 Foreign 257 10 1/ 73 12 22 14 19 38 8 6 10 14 31 Other 3/ 482 1 398 1 15 25 7 1 1 2 8 23 Total deposits 37,312 1,705 13,257 1,594 1,939 1,833 1,978 4,315 921 725 1,339 2,247 5,459 Deferred availability cash items 6,387 344 912 225 370 922 526 836 286 342 634 419 571 Other liabilities and accrued dividends 1,159 48 306 60 79 80 70 151 38 25 41 51 210 TOTAL LIABILITIES 116,559 5,536 32,469 C, 227 8,592 9,344 6,218 16,659 4,260 2,566 4,651 5,417 14,620 CAPITAL ACCOUNTS Capital paid in 907 35 231 42 80 51 70 140 31 22 39 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 117 5 25 6 9 8 7 20 4 3 4 6 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 118,480 5,611 32,960 6,317 8,759 9,453 6,364 16.957 4.325 2,513 4.731 5,522 14 r 86ft Contingent liability on acceptances purchased for foreign correspondents 2 * M L * * * * \ * * * * * FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding 74,945 3,574 19,047 4,435 6,409 6,678 4,040 11,544 3,172 1,511 2,749 2,853 8,933 Collateral for F. R. notes: Gold certificate account 3,415 250 mm mm 667 275 615 611 700 292 __ 5 — Special Drawing Rights certif. accl 138 23 93 22 Acceptances •» — . . — IF «# <•» U.S. Government securities 73.960 3,330 19,100 4.150 6.210 6.150 4,150 11.200 2.925 1.630 2.900 2,915 9.300 Total collateral *7.513 13.603 19.193 4.817 6,485 6,765 4.783 11,900 3,2tr l l630 2,900 z,?zo 9.300 1/ After deducting $ 184million participations o£ other Federal Reserve Banks. * Less than $500,000. £/ After deducting $1 million participations of other Federal Reserve Banks, 3/ Includes $24 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 Digitized for FFReAdSeErRa l Reserve System's program of credit restraint. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis