H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release May 15, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, May 14, May 7, May ID, May 14, and related items 1975 * 1975 1974 Reserve Bank credit: 1/ (In mill ions of dollars) 2/ U.S. Government securities-- — ±/ Bought outright--System account 84,287 + 526 + 4,772 84,493 Held under repurchase agreements 1,629 - 972 + 443 1,421 Federal Agency obligations-- Bought outright 5,162 — + 2,726 5,162 Held under repurchase agreements 280 - 321 - 209 280 Acceptances-- Bought outright 719 + 24 + 627 728 Held under repurchase agreements 256 - 16? + 41 216 Loans-- Total member bank borrowing 18 - 5 - 1,959 21 Includes seasonal borrowing of: 8 - 2 - 86 6 Other borrowing -- - - -- -- Float 1,745 - 15 - 163 2,293 Other F.R. assets 3,347 - 77 + 2,099 3,417 Total Reserve Bank credit 97,442 -1 ,013 + 8,377 98,031 Gold Stock 11,620 -- + 53 11,620 Special Drawing Rights certif. acct. 400 - - — — 400 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9.456 + 21 -j- 626 9,460 118,918 - 991 + 9,056 119,511 Currency in circulation ** 79,118 + 706 + 6,121 79,418 Treasury cash holdings ** 300 —— + 15 300 Treasury deposits with F.R. Banks 8,419 - 541 + 5,696 6,871 Foreign deposits with F.R. Banks 277 + 45 —— 253 Other deposits with F.R. Banks U 472 - 216 - 243 482 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3,127 - 14 + 5 3,196 91,712 - 21 +11,593 90,520 Member bank reserves: With Federal Reserve Banks 27,206 - 970 - 2,537 28,991 Currency and coin 7,304 + 161 + 459 7,304 Total reserves held 34,510 - 809 - 2,136 36,295 Required reserves 34,533 - 401 - 1,937 34,533 Excess reserves -23 - 408 - 199 1,762 NOTE: A net of $240 million of surplus reserves were eligible to be carried forward from the week ended May 7, into the week ending May 14. On May 14, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $38,111 million, an increase of $131 million for the week. 1/ Net of $44 million, daily average matched sale-purchase transactions outstanding during the statement week. 2/ Includes $136 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 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, Richmond and St. Louis Districts). ** Estimated (Treasury1s Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OP CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since May 14, May 7, May 15, A S S E TS 1Q7S ** iQ7q 1Q7A Gold certificate account 11,620 •» w + 160 Special Drawing Rights certif. acct* * 400 -w Cash (1,420) 360 + 8 + 130 Loans 21 - 3,479 Acceptances—Bought outright 728 + 29 + 638 Held under repurchase agreements 216 - 29 34 Federal Agency obligations--Bought outright 5,162 -— + 2,726 Held under repurchase agreements 280 151 200 U.S. Government securities: Bought outright--Bills 38,042 + 396 + 522 Certificates -- «»*» Notes 42,538 + 50 + 3,173 Bonds 3.913 — + 1.146 Total bought outright 1/ 84,493 + 446 + 4,841 Held under repurchase agreements 1.421 518 + 319 Total U.S. Government securities 85.914 - 7? + 5.160 Total loans and securities 92,321 - 223 * 4,811 Cash items in process of collection ((11,,448877)) 7,663 + 353 - 2,721 Bank premises 281 + 2 + 48 Operating Equipment 2 -- + 2 Other assets 2/ 3.134 + 96 + 2.536 TOTAL ASSETS (2,907) 115.781 + 2?6 +4.966 L I A B I L I T I ES Federal Reserve notes (1,420) 70,618 + 399 + 5,827 Deposits: Member bank-reserves account 28,991 + 1,580 - 2,556 U.S. Treasury-general account 6,871 - 2,291 + 4,302 Foreign 253 - 4 - 105 Other J/ 482 — w - 267 Total deposits 36,597 • 715 + 1,374 Deferred availability cash items (1,487) 5,370 + 436 - 2,300 Other liabilities and accrued dividends 1.165 + 6 + 9 TOTAL LIABILITIES (2,907) 113,750 + 126 + 4,910 C A P I T AL A C C O U N TS Capital paid in 909 + 2 + 35 Surplus 897 + 53 Other capital accounts 225 + 108 32 Contingent liability on acceptances purchased, for foreign correspondents 703 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $136 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign currencies. 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. Estimated (Cleveland, Richmond and St. Louis Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MAY 14. 1975 (Acceptances and securities held under repurchase agreements are classified qs 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 Within 15 days 14 331 11,146 - 274 351 - 80 16 days to 90 days 7 356 17,550 + 40 147 - 71 91 days to 1 year —<" 257 21,897 + 162 607 — Over 1 year to 5 years • 21,772 -- 2,567 Over 5 years to 10 yearsV —— -- • 10,759 -• 1,209 . WW Digitized for FRASER Over 10 years •• 2.790 — e» 561 Total 21 944 85,914 - 72 5,442 - 151 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 14, 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 3,351 668 888 981 311 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 1,420 43 389 32 86 115 243 76 22 18 41 112 243 Other cash 360 24 26 13 42 36 47 40 30 15 30 16 41 Loans 21 1 1 4 1 3 3 5 3 Acceptances: Bought outright 728 728 Held under repurchase agreements 216 216 Federal Agency obligations- Bought outright 5,162 240 1,239 303 408 417 269 111 197 113 211 264 724 Held under repurchase agreements 280 280 U.S. Government securities: Bought outright- B C i e l r l t s i ficates 38,042 1,768 9,130 2,234 3,006 3,074 1,986 5,731 1,449 831 1,555 1,944 5,334 N B o o t n e d s s 4 3 2 , , 9 5 1 38 3 1,9 1 7 8 8 2 10, 9 2 3 02 9 2, 2 4 3 9 0 8 3,3 3 6 0 1 9 3, 3 4 1 3 6 7 2,2 2 2 0 1 4 6,4 58 0 9 7 1,6 1 2 4 1 9 92 8 9 6 1,7 1 3 6 8 0 2,1 2 7 0 5 0 5, 5 9 4 6 9 5 Total bought outright 1/ 84,493 3,928 20,277 4,962 6,676 6,827 4,411 12,727 3,219 1,846 3,453 4,319 11,848 Held under repurchase agreements 1.421 1.421 Total U.S. Government securities 85.914 3.928 21.698 4.962 6.676 6.827 4.411 12.727 3.219 1.846 3.453 4.319 11.848 Total loans and securities 92,321 4,169 24,162 5,269 7,085 7,244 4,683 13,507 3,416 1,964 3,667 4,583 12,572 C B a a s n h k i p t r e e m m s is i e n s process of collection 9,1 2 5 8 0 1 35 7 5 5 1,20 1 7 2 3 4 0 0 5 41 2 7 6 1,09 1 0 5 92 1 3 4 1,36 1 4 6 38 1 1 3 42 3 1 3 91 1 6 7 72 1 6 2 1,045 8 Operating Equipment 2 2 Other assets 2/ 3,134 71 1,892 96 115 127 88 217 55 35 66 74 298 Interdistrict settlement accounts/ •0- + 56 - 694 + 78 + 412 - 377 + 76 + 770 + 411 + 202 - 182 - 327 - 425 TOTAL 118,688 5.346 30.440 6.524 9.104 9.267 6-737 17,928 4,792 2,901 4.989 5.61,2 It AM * Estimated (Cleveland, Richmond, and St. Louis Districts). 1/ Includes $136 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ The debits and credits (•) are accumlations arising largely from the daily movement of checks and wire transfer 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 been discontinued and closing out of the balances will occur yearly. 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 May 14 , 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 72,038 3,462 18,065 4,372 6,246 6,550 3,641 11,407 3,032 1,484 2,649 2,698 8,432 Deposits: Member bank reserves 28,991 963 8,656 913 1,737 1,186 1,807 4,438 862 564 1,125 1,677 5,063 U, S. Treasurer--general account 6,871 422 1,449 815 522 381 390 525 538 385 341 575 528 Foreign 253 10 1/ 73 11 21 13 19 38 8 6 10 13 31 Other 2/ 482 2 383 4 1 15 26 3 1 3 2 9 33 Total deposits 36,597 1,397 10,561 1,743 2,281 1,595 2,242 5,004 1,409 958 1,478 2,274 5,455 Deferred availability cash items 6,857 359 1,000 251 320 920 616 955 244 387 736 498 571 Other liabilities and accrued dividends 1,165 49 294 62 81 85 57 148 38 23 41 51 236 TOTAL LIABILITIES 116,657 5,267 29,920 6,428 8,928 5,156 6,556 17,514 4,723 2,852 4,904 5,521 14,894 " CAPITAL ACCOUNTS Capital paid in 909 35 231 42 80 51 70 141 31 22 39 51 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 225 9 54 12 18 16 12 35 8 5 9 11 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 118,688 5,346 30,440 6,524 9,104 9,267 6,707 17,828 4,792 2,901 4,989 5,632 15,158 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS C F o , l l R a . t e n r o a t l e s f o o r u t F s . t a R n . d i n n o g t es: 75,165 3,563 19,091 4,459 6,434 6,701 4,046 11,603 3,184 1,533 2,766 2,846 8,939 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 ert acc 7,1 1 2 3 8 8 2 2 5 3 0 3,15 9 1 3 667 275 615 6 2 1 2 1 439 292 206 -- 422 -- Acceptances U T . ot S a . l G o c v o e l r l n a m t e e n r t a l s ecurities 7 7 0 7 , . 1 4 7 4 5 1 3 3. , 6 3 0 3 3 0 1 1 5 9 . . 7 1 5 9 0 4 4 4. . 8 1 1 5 7 0 6 6 . . 4 2 8 1 5 0 6 6 . . 1 76 5 5 0 4 4 . . 7 1 8 5 3 0 1 1 1 1 , , 8 4 3 0 ? 0 3 2 . . 2 9 1 2 7 5 1 1 , . 6 4 1 1 6 0 . 2 2. . 9 9 0 0 0 0 2 2 . . 9 5 2 0 2 0 9 9 . . 3 3 0 0 0 0 jL/ After deducting $180 million participations of other Federal Reserve Banks. Digitized *fo rE FsRtAiSmEaRt ed Cleveland, Richmond and St. Louis Districts, http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis