H.4.1 Factors Affecting Reserve Balances of Depository Institutions

& Factors Affecting Bank Reserves and 'f^vSs<-- Condition Statement of F.R. Banks H.4.1 For immediate release June 12, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 11, June 4, June 12, June 11, and related items 1975 * 1975 1974 1975 * Beserve Bank credit: "17 (In millions of dollars) TTT7 U.S. Government securities-- Bought outright--System account 81,065 -2,680 +2,841 79,894 Held under repurchase agreements -1,640 - 350 Federal Agency obligations-- Bought outright 5,085 3 +2,495 5,085 Held under repurchase agreements - 275 - 103 Acceptances-- Bought outright 708 - 27 + 612 698 Held under repurchase agreements - 119 - 49 Loans-- Total member bank borrowing 38 - 46 -2 ,691 115 Includes seasonal borrowing of: 11 + 2 - 125 10 Other borrowing -- -- — -- Float 2,098 64 + 91 2,307 Other F.R. assets 3,013 - 48 +1 .977 3,055 Total Reserve Bank credit 92,006 -4 ,902 +4 ,822 91,154 Gold Stock 11,620 -— + 53 11,620 Special Drawing Rights certif. acct. 500 -- + 100 500 TTrreeaassuurryy ccuurrrreennccyy oouuttssttaannddiinngg 9,527 + 49 + 665 9,538 113,653 -4 ,853 +5 ,640 112,812 Currency in circulation ** 80,529 + 655 +6 ,683 80,948 Treasury cash holdings ** 320 — + 37 320 Treasury deposits with F.R. Banks 1,833 -3 ,982 + 902 1,057 Foreign deposits with F.R. Banks 258 - 27 - 51 254 Other deposits with F.R. Banks 4/ 1,110 - 184 + 436 1,177 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3,011 - 286 - 30 3,091 87,061 -3 ,824 +7 ,977 86,847 Member bank reserves: With Federal Reserve Banks 26,593 -1 ,028 -2 ,336 25,965 Currency and coin 7.073 + 151 + 271 7,073 Total reserves held 33,666 - 877 -2 ,123 33,038 Required reserves 33,743 - 454 -1 ,915 33,743 Excess reserves -77 - 423 - 208 -705 NOTE: A net of $42 million of surplus reserves were eligible to be carried forward from the week ended June 4, into the week ending June 11. On June 11, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,272 million, a decrease of $177 million for the week. 1/ Net of $2,330 million, daily average, matched sale-purchase transactions outstanding during the statement week, 2/ Excludes $3,475 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $129 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-member institutions in the Federal Reserve System's program of credit restraint. Digitized* f oEr sFtRiAmSaEtRe d (San Francisco District). http://fra*s*er .sEtslotuiismfeadt.oerdg / (Treasury's Figures). Federal Reserve Bank of St. Louis

H 4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF AM; FEDERAL RESERVE BANKS (In millions of dollar®) Wednesday Change since June 11, June 4, June 12, A S S E TS Gold certificate account 11,620 — «• + 160 Special Drawing Rights certif acct# 500 - — + 100 Cash (1,255) 355 - 1 + 144 Loans 115 - 342 - 3,042 Acceptances--Bought outright 698 - 21 + 603 Held under repurchase agreements mm m - 109 - 301 Federal Agency obligations--fought outright 5,085 + 2,536 Held under repurchase agreements -- • - 162 511 U.S. Government securities: Bought outright--Bills 33,443 - 3,163 - 2,434 Certificates «• mm —— -- Notes 42,038 -- + 2,505 Bond A 4.413 — + 1,608 Total bought outright 1/2/ 79,894 3,163 + 1,679 Held under repurchase agreements - 698 - 1,714 Total U.S. Government securities 79.894 - 3,861 - 35 Total loans and securities 85,792 - 4,495 - 750 Cash items in process of collection (1,459) 7,194 - 633 - 708 Bank premise9 284 1 + 48 Operating Equipment 2 • -» + 2 Other assets 3/ 2.769 + 45 + 1.915 TOTAL ASSETS (2,714) 108.516 - 5,085 + 911 l i a b i l i t i es Federal Reserve notes (1,255) 72,085 4- 569 + 6,384 Deposits: Member bank-reserves account 25,965 - 4,818 - 5,292 U.S. Treasury—general account 1,057 - 801 + 151 Foreign 254 -- - 105 Other 4_/ 1.177 + 79 + 527 Total deposits 28,453 - 5,540 - 4,719 Deferred availability cash items (1,459) 4,887 - 178 - 744 Other liabilities and accrued dividends I4O6 38 - 43 TOTAL LIABILITIES (2,714) 106,531 5,187 + 878 C A P I T AL A C C O U N TS Capital paid in 909 4- 34 Surplus 897 -- + 53 Other capital accounts 179 + 102 54 Contingent liability on acceptances purchased, for foreign correspondents 724 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $3,475 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $129 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 fpreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Banks in"cdtihection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES t .TTTNFf 11 f 1975 ; (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs 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 109 106 2,355 - 2,070 199 16 days to 90 days 6 376 18,482 - 1,624 225 + 1 91 days to 1 year 216 20,606 167 600 + 775 Over 1 year to 5 years 28,407 2,552 + 23 Over 5 years to 10 years 6,957 1,147 62 Digitized for FRASER Over 10 years 3.087 561 http://fraser.stlouisfed.org/ Total 115 698 79,894 3,861 5,085 - 162 Federal Reserve Bank of St. Louis

If.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 11, 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 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. 500 24 124 31 43 45 28 79 20 10 18 19 59 F.R. notes of other banks 1,255 38 390 37 66 91 174 61 26 21 35 77 239 Other cash 355 24 23 12 47 32 45 41 30 15 32 14 40 Loans 115 10 2 3 1 — 5 85 —— 4 5 -— —. Acceptances: Bought outright 698 -- 698 — -- -- — -- Held under repurchase agreements — -- -- -- -- -- — - " Federal Agency obligations- Bought outright 5,085 236 1,220 299 402 411 265 766 194 111 208 260 713 Held under repurchase agreements — -- -- -- — — -- — -- — — — U.S. Government securities: Bought outright- Bills 33,443 1,555 8,026 1,964 2,642 2,702 1,746 5,038 1,274 731 1,367 1,709 4,689 Certificates — — - - --- -- — -- -- -- -- -- — — Notes 42,038 1,954 10,088 2,469 3,321 3,397 2,195 6,332 1,602 918 1,718 2,149 5,895 Bonds 4,413 205 1.059 259 349 357 230 . 665 168 96 180 226 619 Total bought outright 1/2/ 79,894 3,714 19,173 4,692 6,312 6,456 4,171 12,035 3,044 1,745 3,265 4,084 11,203 Held under repurchase agreements — * — -— -— -— -— •» — • — — w - - - - — -- Total U.S. Government securities 79.894 3,714 19,173 4,692 6,312 6.456 4,171 12,035 3,044 1.745 3,265 4.084 11,203 Total loans and securities 85,792 3,960 21,093 4,994 6,715 6,867 4,441 12,886 3,238 1,860 3,478 4,344 11,916 Cash items in process of collection 8,653 317 1,119 241 468 1,161 890 1,274 420 546 757 410 1,050 Bank premises 284 77 12 41 26 16 14 16 13 33 16 12 8 Operating Equipment 2 -- 2 -- —— —— -— - - - - -- -- - - Other assets 3/ 2,769 46 1,960 67 73 84 59 152 41 25 42 48 172 Interdistrict settlement account -0- + 84 +1,043 - 288 + 494 - 194 - 42 + 265 + 149 - 135 - 255 - 337 - 784 TOTAL 111,230 5.100 29.117 5.803 8.820 9,093 6.220 If,542 4.386 2,583. 4,542 5,009 14,027 * Estimated (San Francisco District). 1/ Excludes $3,475 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $129 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 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 11, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San * Total Boston York ddeellpphhiiaa land mond Atlanta Chicago Louis aappoolliiss CCiittyy Dallas Francisco (In millions of dollars) - . L I A B I L I T I ES Federal Reserve notes 73,340 3,556 18,333 4,468 6,335 6,682 3,713 11,588 3,088 1,512 2,711 2,749 8,605 Deposits: Member bank reserves 25,965 1,033 7,885 901 1,738 1,101 1,682 3,492 807 568 966 1,542 4,250 U. S. Treasurer--general account 1,057 75 116 77 108 124 139 79 66 28 55 86 104 Foreign 254 9 1/ 82 11 20 13 18 36 8 5 10 13 29 Other 2/ 1,177 1 1,073 2 1 12 27 9 1 3 2 18 28 Total deposits 28,453 1,118 9,156 991 1,867 1,250 1,866 3,616 882 604 1,033 1,659 4,411 Deferred availability cash items 6,346 303 881 193 369 957 436 886 312 356 674 444422 553377 Other liabilities and accrued dividends 1,106 46 242 59 76 79 56 145 36 61 39 49 21ft TOTAL LIABILITIES 109,245 5,023 28,612 5,711 8,647 8,968 6,071 16,235 4,318 2,533 4,457 4,899 13,771 CAPITAL ACCOUNTS Capital paid in 909 35 231 42 80 51 70 140 31 22 40 51 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 179 7 39 8 15 14 10 29 7 L ft in 9ft TOTAL LIABILITIES AND CAPITAL ACCOUNTS 111,230 5.100 29.117 5.803 8.820 9,083 6.220 16,542 4,38ft 2,581 4,54? 5,009 14,077 Contingent liability on acceptances purchased for foreign correspondents -- - - — -- — — -- FEDERAL RESERVE AGENTS' ACCOUNTS F. R. netes outstanding 76,333 3,686 19,343 4,564 6,502 6,850 4,053 11,749 3,251 1,572 2,813 2,872 9,078 Collateral for F. R, notes: Gold certificate account 10,291 530 3,351 668 888 980 611 1,768 449 206 418 422 Special Drawing Rights certif. acc 208 24 124 22 20 18 -- Acceptances UU.. SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 69.600 3,330 16.050 4,150 5.810 6.180 4.150 11.400 2.820 1.410 2.500 2.500 9,300 TToottaall ccoollllaatteerraall 80,099 3,884 19,525 4.818 6.698 7.160 4,763 13,1$$ 3^89 1.616 2,9% 2,922 9,™n i' " - m wu tPaiuj.tipai.iouB ui Qiner reaerai Reserve tianKS. 2J Includes $5 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full wLth Federal Reserve Banks in connection with voluntary participation 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