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 June 19, 1975 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, June 18, June 11, 1 June 19, June 18, 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 81,872 + 807 . +2,138 83,082 Held under repurchase agreements 307 + 307 - 304 1,046 Federal Agency obligations- Bought outright 5,085 +2,536 5,085 Held under repurchase agreements 17 + 17 - 106 60 Acceptances-- Bought outright 682 26 + 588 672 Held under repurchase agreements 3 + 3 - 126 9 Loans-- Total member bank borrowing 78 + 40 -3,145 374 Includes seasonal borrowing of: 10 - 1 - 132 10 Other borrowing Float 2,163 + 13 + 1 3,036 Other F.R. assets 3,140 + 114 +2,045 3,141 Total Reserve Bank credit 93,346 +1 ,274 +3,626 96,505 Gold Stock 11,620 + 53 11,620 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 9,538 + 11 + 658 9,538 115,004 +1 ,285 +4,438 118,163 Currency in circulation ** 80,775 + 239 +6,837 80,879 Treasury cash holdings ** 363 + 43 + 71 370 Treasury deposits with F.R. Banks 1,464 - 369 47 2,639 Foreign deposits with F.R. Banks 306 + 48 - 686 295 Other deposits with F.R. Banks 4/ 1,069 - 39 + 395 885 Other F.R. liabilities and capital 3,130 + 121 10 3,168 87,106 + 42 +6,559 88,236 Member bank reserves: With Federal Reserve Banks 27,898 +1,243 -2,121 29,927 Currency and coin 7,080 + 7 + 449 7,080 Total reserves held 34,978 +1 ,250 -1,730 37,007 Required reserves 34,584 + 841 -1,877 34,584 Excess reserves 394 + 409 147 NOTE: A net of $109 million of deficit reserves were eligible to be carried forward from the week ended June 11, into the week ending June 18. On June 18, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,148 million, a decrease of $124 million for the week. 1/ Net of $1,588 million, daily average, matched sale-purchase transactions outstanding ~~ during the statement week. 2/ Excludes $535 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ includes $104 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. * Estimated (San Francisco District). 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 (In millions of dollars) Wednesday Change since June 18, June 11, June 19, A S S E TS 1975 ** 1 97 5 1Q76 + Gold certificate account 11,620 —— 160 Special Drawing Rights certif. acct» * 500 -- + 100 + Cash ((11 ,342) 357 + 4 141 + Loans 374 259 - 2,112 + Acceptances—Bought outright 672 - 26 577 Held under repurchase agreements 9 + 9 + 9 Federal Agency obligations--Bought outright 5,085 - - + 2,536 Held under repurchase agreements 60 + 60 + 60 U.S. Government securities: Bought outright--Bills 36,631 + 3,188 - 765 Certificates — • - - — — Notes 42,038 — — »+ 2,505 Bonds 4.413 -- + 1.608 Total bought outright 1/2/ 83,082 + 3,188 + 3,348 Held under repurchase agreements 1.046 + 1.046 + 1,046 Total U.S. Government securities 84.128 + 4.234 + 4.394 Total loans and securities 90,328 + 4,536 + 5,464 Cash items in process of collection ((11 ,917) 9,068 + 1,880 - 254 Bank premises 285 + 1 + 47 Operating Equipment 2 + 2 Other assets 3/ 2.854 - 9 + 1.958 TOTAL ASSETS (3 ,259) 115.014 + 6.412 + 7.618 L I A B I L I T I ES Federal Reserve notes (1 ,342) 72,068 - 65 + 6,545 Deposits: Member bank-reserves account 29,927 + 3,962 + 1,867 U.S. Treasury—general account 2,639 + 1,582 - 307 Foreign 295 + 41 - 458 Other 4/ 885 - 280 + 190 Total deposits 33,746 + 5,305 + 1,292 Deferred availability cash items (1 ,917) 6,032 + 1,084 - 246 Other liabilities and accrued dividends 1.084 - 9 - 10 TOTAL LIABILITIES (3 ,259) 112,930 + 6,315 + 7,581 C A P I T AL A C C O U N TS Capital paid in 910 : + 1 + 34 Surplus 897 — • + 53 Other capital accounts 277 + 96 - 50 Contingent liability on acceptances purchased, for foreign correspondents —— * mm - 762 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $535 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 1/ Includes $104 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Include $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. Estimated (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JUNE 18, 1975 (Acceptances and securities held under repurchase agreements are classified as 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 changes changes Within 15 days 370 91 6,944 + 4,589 107 + 107 16 days to 90 days 4 390 18,176 306 283 + 58 91 days to 1 year —— 200 20,557 49 495 - 105 Over 1 year to 5 years —- -- 2 8,407 -- 2,552 —— Over 5 years to 10 years —— —— 6,957 - - 1,147 — — Digitized for FORveArS E1R0 years —— —— 3.087 —•» 561 - http://fraser.stloTuoistfeadl. org/ 374 681 84,128 + 4,234 5,145 + 60 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 18, 1975 New Phila- Cleve- Rich- St. Minne- Kansas 1 San ** Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv 1 Dallas 1F rancisco (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 1,342 49 387 41 69 105 188 77 27 24 41 87 247 Other cash 357 25 21 12 47 31 47 39 30 16 32 15 42 LLLoooaaannnsss 374 2 342 2 5 18 1 * 4 AAAcccccceeeppptttaaannnccceeesss::: BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt 672 672 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 9 9 FFFeeedddeeerrraaalll AAAgggeeennncccyyy ooobbbllliiigggaaatttiiiooonnnsss--- BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt 5,085 236 1,220 299 402 411 265 766 194 111 208 260 713 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 60 60 UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss::: BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt--- BBBiiillllllsss 36,631 1,703 8,791 2,151 2,894 2,960 1,913 5,518 1,395 801 1,497 1,872 5,136 CCCeeerrrtttiiifffiiicccaaattteeesss NNNooottteeesss 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 BBBooonnndddsss 4.413 205 1.059 259 349 357 230 665 168 96 180 226 619 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 111///222/// 83,082 3,862 19,938 4,879 6,564 6,714 4,338 12,515 3,165 1,815 3,395 4,247 11,650 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 1.046 1.046 TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 84.128 3.862 20.984 4.879 6.564 6.714 4.338 12.515 3.165 1.815 3.395 4.247 11.650 Total loans and securities 90,328 4,100 23,287 5,180 6,966 7,125 4,608 13,299 3,360 1,926 3,607 4,507 12,363 Cash items in process of collection 10,985 463 1,712 353 549 1,513 856 1,603 518 474 878 676 1,390 Bank premises 285 77 12 41 26 16 14 16 13 33 17 12 8 Operating Equipment 2 2 Other assets 3/ 2,854 48 2,010 64 78 91 67 146 41 29 38 50 192 Interdistrict settlement account -0- + 380 - 393 - 542 + 257 - 248 + 67 + 495 + 139 - 50 - 119 - 237 + 251 TOTAL 118.273 5.696 30.513 5.848 8.923 9,659 6.486 17.522 4.597 2.668 4.931 5,551 15.879 JL/ Excludes $535 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $104 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. ** Estimated (San Francisco District). * Less than $500,000. 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 18, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San ** Total Boston York delphia land mond Atlanta Chicago Louis apolis CCiittyy Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 73,410 3,564 18,371 4,468 6,340 6,659 3,713 11,626 3,082 1,511 2,706 2,750 8,620 Deposits: Member bank reserves 29,927 1,408 8,854 769 1,634 1,430 1,751 4,071 848 536 1,179 1,792 5,655 U. S. Treasurer—general account 2,639 168 366 172 213 205 204 317 162 120 152 294 269 Foreign 295 10 1/ 118 11 21 13 18 37 8 6 10 13 30 Other 2J 885 —* * 802 3 — * 12 27 7 * 1 2 8 23 Total deposits 33,746 1,586 10,140 955 1,868 1,660 2,000 4,429 1,018 663 1,343 2,107 5,977 Deferred availability cash items 7,949 417 1,223 267 458 1,141 563 1,001 390 421 754 532 782 Other liabilities and accrued dividends 1.084 47 249 60 76 77 55 144 36 23 39 48 230 TOTAL LIABILITIES 116,189 5,614 29,983 5,750 8,742 9,537 6,331 17,200 4,526 2,618 4,842 5,437 15,609 CAPITAL ACCOUNTS Capital paid in 910 35 231 42 80 51 71 141 31 22 40 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 277 12 64 14 23 21 15 43 10 6 12 15 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 118.273 5,696 30,513 5,848 8,923 9,659 6,486 17,522 4,597 2,668 4,931 5,551 15,879 Contingent liability on acceptances purchased for foreign correspondents -- -- -- -- — -- — -- — -- — — -- FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 76,571 3,717 1199,,336699 4,577 6,521 6,856 4,059 1111,,882233 3,252 1,568 22,,883344 2 ,878 9,117 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 227 24 124 22 20 18 19 Acceptances mm mm mm mm U. S. Government securities 69,500 3.330 16,050 4.150 5.810 6.180 4.050 11.400 2.820 1.410 2,500 2 ,500 9,300 Total collateral 80.018 3.884 19,525. 6.628 7,160--4,682 - 13,16a.- 3.282.--1,616 2,936 2 ,941 9..100 1/ After deducting $177 million participations of other Federal Reserve Ranks* 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 System's program of credit restraint, Digitized fo*r* F REAsStEiRma ted (San Francisco District). * Less than $500,000. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis