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 29, 1975 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Hay 28,* Hay 21, May 29, May 28, and related items 1975 1975 1 1974 1975 * Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--System account 84,582 + 250 + 4,796 84,549 Held under repurchase agreements 2,208 - 436 + 1,647 4,248 Federal Agency obligations-- Bought outright 5,142 20 + 2,510 5,091 Held under repurchase agreements 224 - 167 + 41 449 Acceptances-- Bought outright 744 2 + 646 740 Held under repurchase agreements 66 - 147 -- 136 Loans-- Total member bank borrowing 84 38 - 3,522 485 Includes seasonal borrowing of: 10 + 2 - 104 10 Other borrowing Float 1,804 • 423 101 1,958 Other F.R. assets 2.735 + 106 + 1,835 2,939 Total Reserve Bank credit 97,590 - 876 + 7,853 100,595 Gold Stock 11,620 -••• + 53 11,620 Special Drawing Rights certif. acct. 486 + 86 + 86 500 Treasury currency outstanding 9.469 + 7 + 613 9.475 119,164 - 783 + 8,605 122,190 Currency in circulation ** 79,473 + 246 + 6,411 79,999 Treasury cash holdings ** 300, + 27 300 Treasury deposits with F.R. Banks 7,474 - 473 + 4,250 7,687 Foreign deposits with F.R. Banks 266 + 8 - 21 294 Other deposits with F.R. Banks it' 911 + 214 + 227 1,318 Other F.R. liabilities and capital 3.313 + 35 + 3 3.392 91,737 + 30 +10,897 92,990 Member bank reserves: With Federal Reserve Banks 27,427 814 - 2,292 29,200 Currency and coin 6.758 + 267 + 186 6,758 Total reserves held 34,185 - 547 - 2,164 35,958 Required reserves 34,051 - 596 - 2,119 34,051 Excess reserves 134 + 49 - 45 1,907 NOTE: A net of $11 million of surplus reserves were eligible to be carried forward from the week ended May 21, into the week ending May 28, On May 28, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $39,541 million, an increase of $775 million for the week. JL/ Net of $132 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $84 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $82 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $5 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-menber institutions in the Federal Reserve System's program of credit restraint. * Estimated (Cleveland and Richmond Districts). Digitized for FRASER ** Estimated (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 Wednesday Change since May 28, M?y 21, May 29, A S S E TS 1975 ** 1975 1974 Gold certificate account 11,620 — mm + 160 Special Drawing Rights certif. accts. * 500 + 100 + 100 Cash ((11,,336600)) 357 - 3 + 142 Loans 485 - 244 - 4,226 Acceptances--Bought outright 740 + 4 + 640 Held under repurchase agreements 136 - 138 114 Federal Agency obligations—Bought outright 5,091 - 71 + 2,470 Held under repurchase agreements 449 - 213 - 252 U.S. Government securities: Bought outright--Bills 38,098 + 206 + 380 Certificates —— e» a# Notes 42,038 —•* + 2,673 Bonds 4.413 + 1.646 -- Total bought outright 11//22// 84,549 + 206 + 4,699 Held under repurchase agreements 4.248 - 1,050 + 2.167 Total U.S. Government securities 88.797 - 844 + 6.866 Total loans and securities 95,698 - 1,506 + 5,384 Cash items in process of collection ((11,,446611)) 7,500 + 382 - 1,119 Bank premises 281 — + 45 Operating Equipment 2 -- + 2 Other assets 3/ 2.656 + 267 + 1.969 TOTAL ASSETS (2,821) 118.614 - 760 + 6.683 L I A B I L I T I ES Federal Reserve notes (1,360) 71,181 + 551 + 6,172 Deposits: Member bank-reserves account 29,200 - 3,067 - 4,334 U.S. Treasury—general account 7,687 + 670 + 5,354 Foreign 294 + 41 21 Other 4/ 1.318 + 624 + 676 Total deposits 38,499 - 1,732 + 1,675 Deferred availability cash items (1,461) 5,542 + 371 912 Other liabilities and accrued dividends 1.151 - 54 307 TOTAL LIABILITIES (2,821) 116,373 - 864 + 6,628 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 437 + 105 32 Contingent liability on acceptances purchased, for foreign correspondents 735 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $84 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $82 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $5 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 Richmond Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. MAY 28. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance *T ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings 1 Weekly Holdings Weekly 1changes changes Within 15 days 480 226 9,356 - 1,259 523 - 247 16 days to 90 days 5 389 20,657 + 652 189 + 79 91 days to 1 year -- 261 20,277 - 237 529 - 78 Over 1 year to 5 years -- -- 28,463 —• 2,529 - 38 Over 5 years to 10 years -- — 6,957 1,209 -» •» Over 10 years — -- 3,087 —— 561 Digitized for FRATSoEtRa l 485 876 88,797 - 844 5,540 - 284 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 28, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land * mond* Atlanta Chicago Louis apolts City DallasiFrancisco (In millions of dollars) A S S E TS G S o p l e d ci a c l e r D t r i a f w i i ca n t g e Ri ac g c h o t u s n t c ertif. acct. 11, 5 6 0 2 0 0 5 2 3 4 0 3,3 1 5 2 1 4 6 3 6 1 8 8 4 8 3 8 9 4 8 5 1 6 2 1 8 1 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,32 59 7 ' F Ot . h R e . r no ca t s e h s of other banks 1, 3 3 5 6 7 0 4 2 3 5 3 2 7 5 9 4 1 1 3 4 8 5 0 1 3 0 2 2 2 4 3 6 5 4 5 1 0 2 3 6 0 1 1 6 8 3 3 0 9 11 1 6 4 2 4 3 0 1 A L c o c a e n p s t ances: 485 94 74 124 -- — 88 5 1 — 19 54 26 Bought outright 740 740 Held under repurchase agreements 136 — 136 — • * — -- — -- -- -- -- — Federal Agency obligations- H B e o l u d gh t u nd o e ut r r r i e g p h u t r chase agreements 5, 4 0 4 9 9 1 237 1, 4 2 4 2 9 2 299 402 411 266 767 194 111 208 260 714 U.S. Government securities: Bought outright- B Ce i r l t l i s f icates 38,098 1,771 9,143 2,237 3,010 3,078 1,989 5,739 1,451 833 1,558 1,947 5,342 B N o o n t d e s s 4 4 2 . , 4 0 1 3 3 8 1, 2 9 0 5 5 4 10 1. , 0 0 5 8 9 8 2, 2 4 5 6 9 9 3, 3 3 4 2 9 1 3, 3 3 5 9 7 7 2, 2 19 3 5 0 6, 6 3 6 3 5 2 1,6 1 0 68 2 9 9 1 6 8 1, 1 7 8 1 0 8 2,1 22 4 6 9 5,8 6 9 19 5 Held T o u t n a d l e r b r o e u p g u h r t ch o a u s tr e ig ag h r t ee 1 m / e 2 n / t s 8 4 4, . 5 2 4 4 9 8 3,930 20 4 , . 2 2 9 4 0 8 4,965 6,680 6,832 4,414 12,736 3,221 1,847 3,456 4,322 11,856 T To o t t a a l l l U o . a S n . s G a o n v d e r s n e m c e u n r t i t s i e e c s ur ities 9 8 5 8 , . 6 7 9 9 8 7 4 3 , . 2 9 6 3 1 0 2 2 7 4 , . 1 5 5 3 9 8 4 5 . , 9 3 6 8 5 8 6 7 . , 6 08 8 2 0 7,243 4 4 , . 7 41 6 4 8 1 1 2 3 . , 7 5 3 0 6 8 3.22 3 1 , 416 1,958 3,6 3 8 . 3 4 5 4 6 , 636 1 1 2 1 , . 5 8 9 5 6 6 B O C a p a n e s r k h a t p i i r t n e e g m m i s s E e i q s u n i p p m r e o n c t e ss of collection 8, 2 9 8 6 2 1 1 36 7 1 5 1,42 1 2 5 2 2 4 3 0 5 5 2 6 6 8 1,12 1 0 5 7 1 9 4 4 1,4 1 3 6 7 38 1 2 3 41 3 1 3 7 1 8 7 1 75 1 1 2 69 8 6 O I t n h t e er r d i a s s t s r e i t c s t 3 s / e ttlement account 2,6 - 5 0- 6 + 2 3 0 9 6 - 1 1 , . 9 1 4 8 9 6 + 5 6 0 3 + 4 6 2 6 9 + 5 6 3 7 + 1 6 8 0 6 + 3 1 7 2 8 4 + 3 3 2 5 3 + 1 2 9 1 8 - 28 3 6 - 4 4 3 4 8 - 1 1 7 5 1 2 TOTAL 121,435 5,564 33.240 6,529 9.227 9.658 6.742 17.401 4.694 2-871 4.995 5.576 14.938 1/ Excludes $84 million of securities sold, and scheduled to be Sought back, under matched sale-purchase transactions, 2/ Includes $82 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Cleveland and Richmond Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON MAY 28, 1975 H.4.1(c) San New Phila- Cleve- Rich- St. Minne- Kansas 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 72,541 3,498 18,231 4,413 6,279 6,605 3,657 11,438 3,040 1,492 2,666 2,725 8,497 Deposits: Member bank reserves 29,200 1,098 9,774 960 1,701 1,205 1,723 3,791 816 566 1,017 1, 630 4,919 U. S. Treasurer--general account 7,687 471 1,926 765 487 693 550 689 395 331 438 450 492 Foreign 294 10 1/ 114 11 21 13 19 38 8 6 10 13 31 Other %J 1,318 1 1,234 — 1 12 24 — - — 2 1 15 28 Total deposits 38,499 1,580 13,048 1,736 2,210 1,923 2,316 4,518 1,219 905 1,466 2,108 5,470 Deferred availability cash items 7,003 349 1,064 210 467 919 552 950 321 398 726 572 475 Other liabilities and accrued dividends 1,151 48 320 62 81 80 56 149 37 23 44 5Q_ 201 TOTAL LIABILITIES 119,194 5,475 32,663 6,421 9,037 9,527 6,581 17,055 4,617 2,818 4,902 5,455 14,643 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 437 19 111 24 32 30 22 68 -16- _JL -12 22_ __6Z_ TOTAL LIABILITIES AND CAPITAL ACCOUNTS 121,435 5,564 33,240 6,529 9.227 9.658 6.742 17.401 4.694 2.871 6.995 5.576 14,918 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 75,526 3 ,613 19,213 4,483 6,449 6, 766 4, 038 11 ,646 3,194 1 ,544 2, 772 2 ,859 8, 949 Collateral for F. R. notes: Gold certificate account 9,103 530 3,351 668 275 980 611 1 ,768 292 206 mm — 422 — — Special Drawing Rights dertif. acct 170 24 124 — -- 22 -- — — Acceptances U.S. Government securities 70,430 3 ,330 15,950 4,150 6,210 6, 180 4, 150 11 ,400 2,950 1 ,410 2, 900 2 ,500 9, 300 Total collateral 79.703 3 .884 19.425 4,818 6.485 7, 160 4, 783 13. 16R 1 969 1 , 616 ?, onn 2. ,922 —a, 3 QQ 1/ After deducting $180 million participations of other Federal Reserve Banks. ^Estimated (Cleveland and Richmond Districts). 2/ Includes $5 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 System1s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis