H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•:£2x3&-. FEDERAL RESERVE :A Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release June 5, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 4, Hay 257 June 5, June 4, and related items 1975* 1975 1974 1975 * Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 83,745 837 + 4,238 83,057 - Held under repurchase agreements 1,640 - 568 + 1,013 698 Federal Agency obligations-- Bought outright 5,088 54 + 2,467 5,085 - Held under repurchase agreements 275 + 51 45 162 Acceptances-- Bought outright 735 - 9 + 638 719 Held under repurchase agreements 119 + 53 11 109 Loans-- Total member bank borrowing 84 - 2,970 457 -- Includes seasonal borrowing of: 9 - 1 122 10 Other borrowing -- -- -- -- Float 2,180 349 4 2,759 ' + Other F.R. assets 3.060 + 325 + 2.047 3.002 Total Reserve Bank credit 96,925 - 691 + 7,371 96,048 Gold Stock 11,620 —— + 53 11,620 Special Drawing Rights certif. acct. 500 + 14 + 100 500 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9.478 + 9 + 619 9.481 118,523 668 + 8,142 117,649 - Currency in circulation ** 79,869 + 397 +<6,525 80,288 Treasury cash holdings ** 320 + 20 + 18 320 Treasury deposits with F.R. Banks 5,815 -1, 659 + 3,011 1,858 Foreign deposits with F.R. Banks 285 + 19 - 114 254 Other deposits with F.R. Banks 4/ 1,295 + 384 + 601 1,102 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3,298 - 15 + 23 3,037 90,882 - 854 +10,064 86,859 Member bank reserves: With Federal Reserve Banks 27,641 + 187 - 1,921 30,790 Currency and coin 6,922 + 164 + 263 6.922 Total reserves held 34,563 + 351 - 1,716 37,712 Required reserves 34,197 4- 146 - 1,857 34,197 Excess reserves 366 + 205 + 141 3,515 NOTE: A net of $36 million of surplus reserves were eligible to be carried forward from the week ended May 28, into the week ending June 4. On June 4, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,449 million, an increase of $908 million for the week. 1/ Net of $216 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $872 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $74 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 baiks 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 (San Francisco District), Digitized for FRASER http://fr*as*e r.Estslotuiismfeadt.eordg / (Treasury's Figures). 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 June 4, May 28, June 5, 1975 ** 1975 1974 £ £ 2 i £ Gold certificate account 11,620 — * + 160 Special Drawing Rights certif. accts. * 500 -- + 100 Cash (1,346) 356 - 1 + 146 Loans 457 - 28 - 2,253 Acceptances—Bought outright 719 - 21 + 619 Held under repurchase agreements 109 - 27 + 109 Federal Agency obligations--Bought outright 5,085 - 6 + 2,464 Held under repurchase agreements 162 - 287 + 162 U.S. Government securities: Bought outright--Bills 36,606 - 1 ,492 + 1,906 Certificates -- -- -- Notes 42,038 -- + 2,505 Bond s 4.413 -- + 1,608 Total bought outright 1/2/ 83,057 - 1 ,492 + 6,019 Held under repurchase agreements 698 - 3 ,550 + 698 Total U.S. Government securities 83,755 - 5 ,042 + 6,717 Total loans and securities 90,287 - 5 ,411 + 7,818 Cash items in process of collection (1,656) 7,806 + 236 - 569 Bank premises 285 + 4 + 48 Operating Equipment 2 -- + 2 Other assets 3_/ 2.715 + 59 + 1.874 TOTAL ASSETS (3,002) 113.571 - 5 ,113 + 9,579 L I A B I L I T I ES Federal Reserve notes (1,346) 71,483 + 308 + 6,199 Deposits: Member bank-reserves account 30,790 + 1 ,590 + 2,894 U.S. Treasury--general account 1,858 - 5 ,829 + 518 Foreign 254 - 40 - 76 Other 4J 1,102 - 216 + 419 Total deposits 34,004 - 4 ,495 + 3,755 Deferred availability cash items (1,656) 5,047 - 571 - 481 Other liabilities and accrued dividends 1,098 - 53 - 7 TOTAL LIABILITIES (3,002) 111,632 - 4 ,811 + 9,466 C A P I T AL A C C O U N TS Capital paid in 909 + 2 + 36 Surplus 897 -- + 53 Other capital accounts 133 - 304 + 24 Contingent liability on acceptances purchased, for foreign correspondents 725 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $872 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $74 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J 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 Reserves System's program of credit restraint. ** Estimated (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES.JUNE 4f 1Q7S (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 448 206 4,425 - 4,931 199 - 324 16 days to 90 days 9 384 20,106 551 224 + 35 91 days to 1 year — — 238 20,773 + 496 525 - 4 Over 1 year to 5 years —— — 28,407 56 2,529 Over 5 years to 10 years — 6,957 -- 1,209 — Over 10 years -- -- 3,087 -- 561 Total 457 828 83,755 - 5,042 5,247 - 293 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 4, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San ** Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv Dallas Francisco (In millions of dollars) A S S E TS 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 ertif. acct. 11,6 5 2 0 0 0 53 2 0 4 3,3 1 5 2 1 4 6 3 6 1 8 8 4 8 3 8 98 4 1 5 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,32 5 7 9 O F t . h R e . r n c o a t s e h s of other banks 1,3 3 4 5 6 6 4 2 6 5 40 2 1 4 4 1 9 3 4 6 6 9 3 9 2 4 1 4 9 6 5 4 6 0 6 3 2 0 7 2 1 2 5 3 3 1 9 8 1 9 4 24 4 9 0 L A o c a ce n p s t ances: 457 1 430 2 — 2 5 10 * * 6 — — 1 Bought outright 719 719 Held under repurchase agreements 109 — 109 — — — — -- -- — Federal Agency obligations-- B He o l u d gh t un d o e u r t r r ig e h pu t r chase agreements 5,0 1 8 6 5 2 236 1,2 1 2 6 0 2 299 402 411 265 766 194 111 208 260 713 U.S. Government securities: Bought outright— B C i er l t l i s f icates 36,606 1,702 8,785 2,150 2,892 2,958 1,912 5,514 1,394 800 1,496 1,871 5,132 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 * 1 1 0 . , 0 0 5 8 9 8 2,4 2 6 59 9 3,3 3 2 4 1 9 3, 3 3 5 9 7 7 2,1 2 9 3 5 0 6, 6 3 6 3 5 2 1,6 1 0 6 2 8 9 9 1 6 8 1,7 1 1 8 8 0 2,1 2 4 2 9 6 5,895 Held T u o n t d a e l r b r o e u p g u h r t c h o a u s t e ri g a h g t r e i em / e 2 n / t s 83,0 69 5 8 7 3,861 19,9 6 3 9 2 8 4,878 6,562 6,712 4,337 12,511 3,164 1,814 3,394 4,246 11,646 T T o o t ta a l l U lo . 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 u rities 9 8 0 3 , . 2 7 8 5 7 5 4 3, , 8 0 6 9 1 8 2 2 3 0 , , 2 6 7 3 0 0 4 5, , 1 8 7 7 9 8 6 6 , 9 5 6 6 4 2 7,125 4 4, , 6 3 0 3 7 7 1 1 3 2 , ,5 2 1 8 1 7 3 3 , , 1 3 6 5 4 8 1 1 , . 9 8 2 1 5 4 3 3, , 6 3 0 9 8 4 4 4 , , 2 5 4 0 6 6 1 1 2 1, , 6 3 4 6 6 0 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 q i s u n i p p m r e o n c t e ss of collection 9,4 2 6 8 2 2 5 33 7 2 7 1,43 1 9 2 2 26 4 1 1 5 2 0 6 0 1,29 1 6 6 89 1 1 4 1,37 1 1 6 45 1 9 3 44 3 7 3 76 1 2 7 60 1 5 2 1,099 8 O I t n h t e e r rd i a s s t s r e i t c s t 3 / s ettlement account 2,7 - 1 0 5 - + 89 4 7 - 1, 16 96 2 0 - 48 6 3 1 + 71 6 9 9 - 18 7 0 6 - 5 6 2 0 + 90 1 6 3 1 + 4 38 - 8 2 8 5 — 2 3 9 5 4 - 6 4 8 6 6 167 TOTAL 116,573 5,268 30.421 5.820 9,324 9,485 6-400 17,664 4 ? SQR 4 fits S 077 1 S R-%6 ** Estimated (San Francisco District). * Less than $500,000. 1/ Excludes $872 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $74 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4 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 JUNE 4, 1975 San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond Atlanta CChhiiccaaggoo Louis apolis City DDaallllaass Fran- , cisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 72,829 3,515 18,255 4,434 6,285 6,641 3,687 11,509 3,061 1,498 2,688 2,721 8,535 Deposits: Member bank reserves 30,790 1,121 8,981 844 2,202 1,443 1,789 4,591 785 567 11,,006600 11,,558888 55,,881199 U. S. Treasurer—general account 1,858 185 314 167 142 167 210 171 115 54 73 95 165 Foreign 254 9 1/ 91 10 19 12 17 34 8 5 9 12 28 Other 2/ 1,102 2 1,027 2 1 13 24 5 - - 2 2 7 17 Total deposits 34,004 1,317 10,413 1,023 2,364 1,635 2,040 4,801 908 628 1,144 1,702 6,029 Deferred availability cash items 6,703 313 1,011 213 431 1,022 471 913 327 399 682 446 475 Other liabilities and accrued dividends 1,098 50 263 63 79 80 58 150 38 24 41 54 198 TOTAL LIABILITIES 114,634 5,195 29,942 5,733 9,159 9,378 6,256 17,373 4,334 2,549 4,555 4,923 15,237 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 133 3 13 3 7 6 5 12 3 2 4 4 71 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 116,573 5,268 30,421 5,820 9.324 9.485 6.400 17.664 4,398 2,595 4,6)5 5,027 15,536 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding 75,836 3,603 19,298 4,511 6 ,490 6,808 4,0 29 11,677 3 ,201 1 ,551 2,787 2,863 9,018 Collateral for F. R. notes: Gold certificate account 9,873 530 3,351 668 888 980 611 1,768 449 206 -- 422 — Special Drawing Rights certif. acc 190 24 124 -- - - -- 22 -- 20 — — — — Acceptances — -- — — — — — -- — -- -- -- U. S. Government securities 69,850 3,330 15,950 4,150 5 ,810 6,180 4,1 50 11,400 2 ,770 1, 410 2,900 2,500 9,300 Total collateral 79.913 3.884 19.425 4,818 6 ,698 7.160 4,7 R1 3 919 1 616 9 onn 2-922 9,300 1/ After deducting $163 million participations of other Federa lReserve Banks. 2/ Includes $ 5 million of certain deposits of foreing-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in connection with voluntar yparticipation by nonmember institutions in the Federal Reserve System's program of credit restraint. * Estimated (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis