H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks For Immediate release H.4.1 June 26, 1975 Member bank reserves, Week ended Change from week ended Wednesday June 25, June 18 , 1 June 26, June 25, Reserve Bank credit, 1975 1975 1974 1975 and related items Reserve Bank credit: 1/ (In i aliiions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 83,349 +1,477 +3,849 83,653 Held under repurchase agreements 1,329 +1,022 + 101 4,177 Federal Agency obligations^- Bought outright 5,085 +2,536 5,085 Held under repurchase agreements 96 + 79 - 442 354 Acceptances-- Bought outright 675 7 + 580 681 Held under repurchase agreements 109 + 106 46 313 Loans-- Total member bank borrowing 188 + 110 -2,600 1,101 Includes seasonal borrowing of: 10 . " - 123 11 Other borrowing Float 1,947 - 227 - 108 2,184 Other F.R. assets 3.165 + 25 +2.005 3.070 Total Reserve Bank credit 95,943 +2,586 +5,875 100,618 Gold Stock 11,620 «• m + 53 11,620 Special Drawing Rights certif. acct. 500 #»*» + 100 500 Treasury currency outstanding 9.542 + 4 + 651 9.553 117,605 +2,590 +6,679 122,291 Currency in circulation 80,685 90 +6,996 80,972 Treasury cash holdings 370 + 7 + 72 370 4,224 +2,760 +1,565 5,497 Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks 243 - 63 - 100 294 Other deposits with F.R. Banks 4/ 823 - 246 + 136 741 Other F.R. liabilities and capital 3.258 + 123 7 3.452 89,603 +2,491 +8,663 91,326 Member bank reserves: With Federal Reserve Banks 28,002 + 99 -1,983 30,965 6.698 - 382 + 205 6.698 Currency arid coin 34,700 - 283 -1,836 37,663 Total reserves held 34,611 + 27 -1,826 34,611 Required reserves Excess reserves 89 - 310 10 3,052 NOTE: A net of $124 million of surplus reserves were eligible to be carried forward from the week ended June 18, into the week ending June 25. On June 25, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $39,507 million, a decrease of $641 million for the week. 1/ Net of $602 million, daily average, matched sale-nurchase transactions outstanding during the statement week. 2/ Excludes $297 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $124 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $6 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 for FRA*S EERs timated 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 25, June 18, June 26, A S S E TS 1975 1975 1974 , Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct* * 500 w mm + 100 Cash (1,412) 357 — — + 141 Loans 1,101 + 727 - 1,877 Acceptances--Bought outright 681 + 9 + 585 Held under repurchase agreements 313 + 304 + 152 Federal Agency obligations-HBought outright 5,085 • •» + 2,536 Hejd under repurchase agreements 354 + 294 180 U.S. Government securities: Bought outright--Bills 36,869 + 238 220 Certificates Notes 42,319 + 281 + 2,786 Bonds 4,465 + 52 + 1,660 Total bought outright 1/2/ 83,653 + 571 + 4,226 Held under repurchase agreements 4,177 + 3,131 + 3,132 Total U.S. Government securities 87,830 + 3,702 + 7,358 Total loans and securities 95,364 + 5,036 + 8,574 Cash items in process of collection (1,649) 7,630 - 1,456 - 751 Bank premises 288 + 3 + 50 Operating Equipment 2 — «• + 2 Other assets j/ 2,780 - 74 + 1,822 TOTAL ASSETS (3,061) 118,541 + 3,509 +10,098 l i a b i l i t i es Federal Reserve notes (1,412) 72,146 + 78 + 6,693 Deposits: Member bank-reserves account 30,965 + 1,038 + 695 U.S. Treasury—general account 5,497 + 2,858 + 2,804 Foreign 294 - 1 + 12 Other 4/ ( 26) 741 - 144 + 42 Total deposits ( 26) 37,497 + 3,751 + 3,553 Deferred availability cash items (1,623) 5,446 - 565 - 314 Other liabilities and accrued dividends 1,262 + 142 + 137 TOTAL LIABILITIES (3,061) 116,351 +. 3,406 +10,069 c a p i t al a c c o u n ts Capital paid in 909 - 1 + 33 Surplus 897 + 53 Other capital accounts 384 + 104 - 57 Contingent liability on acceptances purchased, for foreign correspondents 769 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $ 297 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 124 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ include $6 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. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JUNE 25. 1975 (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 1,097 399 9,438 + 2,494 401 + 294 16 days to 90 days 4 388 19,476 + 1,300 283 91 days to 1 year — — 207 20,147 - 410 495 Over 1 year to 5 years — — - - 28,560 + 153 2,552 Over 5 years to 10 years — — 7,070 + 113 1,147 Over 10 years — 3,139 + 52 561 Digitized for FRTAoStEaRl 1,101 994 87,830 + 3,702 5,439 + 294 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JUNE 25, 1975 H.4.1(b) Total Boston Y N o e r w k d P e h l i p l h a i - a Cl l e a v n e d - Ri mo c n h d - Atlanta Chicazo L S o t. u is M a i p n o n l e i - s 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 9 256 F O . t R h . e r n c o a t s e h s of other banks 1,4 3 1 5 2 7 2 4 4 4 3 2 9 0 2 4 1 9 3 4 7 8 4 10 3 6 3 21 4 2 7 9 3 3 8 2 3 8 0 2 1 7 5 3 3 5 2 9 1 6 6 41 Loans 1,101 103 752 48 1 25 8 43 31 53 3 30 4 Acceptances: Bought outright 681 681 — — Held under repurchase agreements 313 313 -» — — -- — Fed B e o r u a g l h t A g ou e t n r c i y g h o t b ligations- 5,085 236 1,226 299 402 411 265 766 194 111 208 260 713 Held under repurchase agreements 354 354 U.S. Government securities: Bou B g i h l t l s o utright- 36,869 1,714 8,848 2,165 2,913 2,979 1,925 5,553 1,405 805 1,507 1,885 5,170 C B N e o o r n t t e d i s s f icates 42 4 , . 3 4 1 6 9 5 1,9 2 6 0 7 8 10 1 , , 1 0 5 7 6 1 2,4 2 8 6 5 2 3,3 3 4 5 3 3 3,4 3 2 6 0 1 2,2 2 1 3 0 3 6,3 6 7 7 5 3 1,6 1 1 7 2 0 92 9 4 8 1,7 1 3 8 0 2 2,1 2 6 2 3 8 5,9 6 3 2 4 6 Total bought outright 1/2/ 83,653 3,889 20,075 4,912 6,609 6,760 4,368 12,601 3,187 1,827 3,419 4,276 11,730 Held under repurchase agreements 4,177 4,177 T T o o t t a 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 ec e u s r ities 8 95 7 , . 3 8 6 3 4 0 4 3 , , 2 88 2 9 8 2 2 4 7 * , 2 5 5 7 2 2 5,25 4 9 ,912 7,012 6,609 7,19 6 6 *760 4,641 4 ,368 1 1 2 3 , , 6 4 0 1 1 0 3,41 3 2 ^ 187 1 1 , , 8 9 2 9 7 1 3,630 4, 4 5 , 6 2 6 7 6 1 1 1 2, , 4 7 4 3 7 0 Cash items in process of collection 9,279 358 1,513 308 512 1,205 761 1,219 478 428 819 742 936 Bank premises 77 12 42 26 17 15 16 13 33 17 12 8 2 —O O I p t n e h t r e e a r r t d i a i n s s g s t e r E t i q s c u t i 3 p s / m e e t n t t l ement account 2,780 + 15 7 1 9 - 1 3 , , 8 4 5 5 5 1 - 20 7 5 1 + 67 8 0 1 9 5 2 6 + 40 6 1 1 8 1 3 6 3 0 + 39 4 5 0 + 11 3 3 1 + 54 4 2 - 3 5 1 2 2 +1,2 2 9 1 5 6 TivO T 5 A , L 5 15 121,602 31,390 6,236 9,354 9,731 6,777 17,616 4,865 2,854 5.066 5.613 1/ Excludes $ 297 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 124 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. \l 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 25, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York ddeellpphhiiaa 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 73,558 3,590 18,409 4,481 6,352 6,692 3,735 11,633 3,088 1,511 2,702 2,743 8,622 Deposits: Member bank reserves 3300,,996655 11,,006633 8,998 1,040 1,844 1,441 1,852 4,054 922 693 1,173 1,643 6,242 U. S. Treasurer—general account 5,497 411 946 295 445 337 470 567 373 166 359 437 691 Foreign 294 9 1/ 124 11 20 13 17 35 8 5 10 13 29 Other 2/ 767 1 685 2 —— 9 27 9 * 3 2 7 22 Total deposits 37,523 1,484 10,753 1,348 2,309 1,800 2,366 4,665 1,303 867 1,544 2,100 6,984 Deferred availability cash items 7,069 308 1,341 245 427 1,026 460 839 363 402 689 469 500 Other liabilities and accrued dividends 1,262 46 330 58 78 81 56 142 36 22 39 182 192 TOTAL LIABILITIES 119,412 5,428 30,833 6,132 9,166 9,599 6,617 17,279 4,790 2,802 4,974 5,494 16,298 CAPITAL ACCOUNTS Capital paid in 909 35 231 42 80 51 71 141 31 22 39 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 384 17 91 - 20 30 31 20 58 14 8 16 20 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 121,602 5,515 31,390 6,236 9,354 9,731 6,777 17,616 4,865 2,854 5,066 5,613 16,585 Contingent liability on acceptances purchased for foreign correspondents —— —— — * • • • —— mm «• am mm mm mm • mm FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 76,755 3,734 19,428 4,563 6,548 6,875 4,060 11,874 3,255 1,561 2,823 2,910 9,124 Collateral for F. R. notes: Gold certificate account 11,618 530 3,351 668 888 980 611 1,768 449 206 418 422 1,327 Special Drawing Rights certif. acc t. 286 24 124 -- — 22 -- 20 • - —— 18 19 59 Acceptances — -- -- —— — — —— —— — — • ~ —— mm mm • mm mm U.S. Government securities 68,600 3,330 16,250 4,150 5,810 6,180 4,050 11,400 2,820 1,410 2,500 2,500 8,200 Total collateral 80,504 3,884 19,725 4,818 6,698 7.160 4,683 13.168 3.289 1.616 2.936 2.941 9.586 1/ After deducting $170 million participations of other Federal Reserve Banks, 2/ Includes $6 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 Digitized for FRASER Federal Reserve System's program of credit restraint. http://fraser.stlouisfed.org/ * Less than $500,000. Federal Reserve Bank of St. Louis