H.4.1 Factors Affecting Reserve Balances of Depository Institutions

- # 5% FEDERAL RESERVE Factors Affecting Bank Reserves and '•f*4L RE^** Condition Statement of F.R. Banks H.4.1 For immediate release July 3, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 2, June 25, July 3, July 2, and related items 1975 * 1975 1974 1975 * Reserve Bank credit: £7 (In millions of dollars) U.S. Government securities-- 2/3/ Bought outright—System account 83,749 + 400 + 3,942 84,428 Held under repurchase agreements 2,513 +1,184 + 1,727 415 Federal Agency obligations- Bought outright 5,085 + 2,229 . 5,084 Held under repurchase agreements 212 116 - 272 99 Acceptances— Bought outright 683 + 8 + 585 690 Held under repurchase agreements 233 + 124 + 2 2 Loans-- Total member bank borrowing 871 + 683 - 2,564 271 Includes seasonal borrowing of: 15 + 5 111 14 Other borrowing Float 1,890 89 - 300 2,791 Other F.R. assets 3,009 156 + 1,756 2.926 Total Reserve Bank credit 98,244 +2,269 + 7,104 96,706 Gold Stock 11,620 + 53 11,620 Special Drawing Rights certif. acct. 500 + 100 500 Treasury currency outstanding 9.554 12 + 655 9.562 119,919 +2,282 4 7,913 118,388 Currency in circulation ** 81,088 + 403 + 6,976 81,829 Treasury cash holdings ** 370 + 83 370 Treasury deposits with F.R. Banks 5,774 +1,550 + 2,993 5,291 Foreign deposits with F.R. Banks 274 + 31 76 253 Other deposits with F.R. Banks 4/ 729 94 - 48 765 Other F.R. liabilities and capital • 3,326 + 68 + 86 2.899 91,561 +1,958 +10,013 91,407 Member bank reserves: With Federal Reserve Banks 28,357 + 323 - 2,102 26,981 Currency and coin 7,098 + 400 + 283 7.098 Total reserves held 35,455 + 723 - 1,819 34,079 Required reserves 35,077 + 466 - 1,828 35,077 Excess reserves 378 + 257 + 9 998 NOTE: A net of $71 million of surplus reserves were eligible to be carried forward from the week ended June 25, into the week ending July 2. On July 2, 1975, marketable U.S. Government securities held in custody th® Federal Reserve Banks for foreign and international accounts were $40,065 million, an increase of $558 million for the week. 1/ Net of $561 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $153 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 1/ Includes $170 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. -4 /d eludes $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. * Estimated (Atlanta and Dallas 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 (In millions of dollars) Wednesday Change since July 2, June 25, July 3, A S S E TS 1975 ** 1975 1974 Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct> * 500 •» «• + 100 Cash (1,235) 343 - 14 + 138 Loans 271 - 830 - 2,731 Acceptances—Bought outright 690 + 9 + 591 Held under repurchase agreements 2 - 311 - 282 Federal Agency obligations--Bought outright 5,084 - 1 + 2,231 Held under repurchase agreements 99 - 255 - 534 U.S. Government securities: Bought outright--Bills 37,020 + 151 - 358 Certificates -- • « «• m Notes 42,886 + 567 + 3,194 Bonds 4.522 + 57 + 1.700 Total bought outright 1/2/ 84,428 + 775 + 4,536 Held under repurchase agreements 415 - 3,762 - 234 Total U.S. Government securities 84.843 - 2,987 + 4.302 Total loans and securities 90,989 - 4,375 + 3,577 Cash items in process of collection (1,812) 8,053 + 423 - 1,243 Bank premises 290 + 2 + 50 Operating Equipment 2 -- + 2 Other assets 3_/ 2.634 - 146 + 1.608 TOTAL ASSETS (3,047) 114.431 - 4.110 + 4.392 L I A B I L I T I ES Federal Reserve notes (1,235) 72,980 + 834 + 6,742 Deposits: Member bank-reserves account 26,981 - 3,984 - 3,725 U.S. Treasury—general account 5,291 - 206 + 2,701 Foreign 253 - 41 16 Other 4/ 765 + 24 + 128 Total deposits 33,290 - 4,207 - 912 Deferred availability cash items 5,262 - 184 - 1,366 Other liabilities and accrued dividen ddss((11--881122)) 1.027 - 235 - 129 TOTAL LIABILITIES (3,047) 112,559 - 3,792 + 4,333 C A P I T AL A C C O U N TS Capital paid in 911 + 2 + 32 Surplus 897 + 53 Other capital accounts 64 - 320 28 Contingent liability on acceptances purchased, for foreign correspondents — __ g35 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $153 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $170 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 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 nonmember institutions in the Federal Reserve System's program of credit restraint. * * Estimated (Atlanta and Dallas Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JULY 2. 1975 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings 1Weekly Holdings Weekly 1changes changes Within 15 days 264 98 4,890 - 4,548 99 - 302 16 days to 90 days 7 402 19,621 + 145 283 -- 91 days to 1 year —— 192 21,633 + 1,486 526 + 31 Over 1 year to 5 years -- 28,366 - 194 2,567 + 15 Over 5 years to 10 years —— —— 7,137 + 67 1,147 -- Over 10 years -- -- 3.196 + 57 _561 -- Total 271 692 84,843 2,987 5,183 - 256 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 JULY 2, 1975 New Phila- Cleve- Rich- * St. Minne- Kansas * San Total Boston York delphia land mond Atlanta Chicago Louis apolis City 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 1,235 51 353 54 65 98 140 72 25 27 36 75 239 Other cash 343 23 20 12 48 33 38 37 29 15 31 15 42 Loans 271 11 124 1 —— 34 53 37 4 5 2 Acceptances: Bought outright 669900 -- 669900 — -- -- -- -- -- -- —— Held under repurchase agreements 2 -- 2 — — -- — -- — — — - - Federal Agency obligations- Bought outright 5,084 236 1,220 298 402 411 265 766 194 111 208 260 713 Held under repurchase agreements 99 — 99 — — -- -- — - - —— -- U.S. Government securities: Bought outright- Bills 3377,,002200 1,721 8,884 2,174 2,925 2,992 1,933 5,576 1,410 808 1,513 1,893 5,191 Certificates -- -- -- — - - -— -- — — —— — — — — m. — — Notes 42,886 1,994 10,292 2,518 3,389 3,465 2,239 6,460 1,634 937 1,753 2,192 6,013 Bonds 4,522 210 1,085 266 357 366 236 681 172 99 185 231 634 Total bought outright 84,428 3,925 20,261 4,958 6,671 6,823 4,408 12,717 3,216 1,844 3,451 4,316 11,838 Held under repurchase agreements 415 — 415 — — — — -- -- -- — — - - Total U.S. Government securities 94,843 3,925 ZO,b/b 4,958 b,b/l b, tiZJ 4,408 i2,/i/ j.Zlb 1,844 3,451 4, jib 11,838 Total loans and securities 90,989 4,172 22,811 5,257 7,073 7,268 4,726 13,520 3,410 1,959 3,664 4,576 12,553 Cash items in process of collection 9,865 417 1,517 304 515 1,213 846 1,402 509 457 896 743 1,046 Bank premises 290 79 12 43 26 17 14 16 13 33 17 12 8 Operating Equipment 2 — 2 — — -- -- — - - — — — — — Other assets 3/ 2,634 52 1,755 72 84 96 62 160 41 28 44 56 184 Interdistrict settlement account , - fi- + 204 - 429 - 482 + 902 + 322 + 208 + 621 + 409 + 167 - 216 - 312 - 1.394 TOTAL ll?,478 5,557 79,51ft 5,959 9.644 10.073 6.673 17.675 4.905 2.902 4.909 5.606 14.064 * Estimated (Atlanta and Dallas Districts). 1/ Excludes $153 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. *2/ Includes $170 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 JULY 2, 1975 San New Phila- Cleve- Rich- St. Minne- Kansas Total Boston York delphia land mond Atl * a nta Chicago Louis apolis City DDaa ** ll llaass F c r i a sc n o - (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 74,215 3,632 18,506 4,510 6,388 6,754 3,853 11,723 3,123 1,518 2,725 2,781 8,702 Deposits: Member bank reserves 26,981 1,198 7,713 737 1,885 1,356 1,772 4,087 900 672 1,030 1,676 3,955 U. S, Treasurer--general account 5,291 245 111 313 672 702 425 468 417 209 246 421 396 Foreign 253 10 1/ 76 11 21 13 18 37 8 6 10 13 30 Other 2/ 765 3 683 3 1 11 26 7 1 2 2 8 18 Total deposits 33,290 1,456 9,249 1,064 2,579 2,082 2,241 4,599 1,326 889 1,288 2,118 4,399 Deferred availability cash items 7,074 345 1,039 240 439 1,057 380 922 357 426 778 537 554 Other liabilities and accrued dividends 1,027 48 252 59 76 76 51 144 23 39 50 173 TOTAL LIABILITIES 115,606 5,481 29,046 5,873 9,482 9,969 6,525 17,388 4,842 2,856 4,830 5,486 13,828 CAPITAL ACCOUNTS Capital paid in 911 35 231 42 80 51 71 141 31 23 40 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 64 1 4 2 4 3 a A ? 1 ? 21 8 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 117,478 5,552 29,516 5,959 9,644 10,073 M 73 17,675 4,905 2,902 4,909 5,606 14,064 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F. R, notes outstanding 77,156 3,762 19,472 4,591 6,567 6,924 4,118 11,910 3 ,262 1,587 2,857 2,910 9,196 Collateral for F. R. notes: Gold certificate account 11,595 530 3,329 668 888 980 611 1,768 449 205 418 422 1,327 Special Drawing Rights certif. accl 292 24 124 -- -- 28 -- 20 18 19 59 Acceptances -- — -- -- -- — -- — -- — -- - U.S. Government securities 68.650 | 3.330 16,250 4,150 5,810 6,180 4.050 11,400 2 ,870 1,410 2,500 2,500 8.200 Total, collateral 80.537 1 3.884 19.703 4.818 6.698 7,160 13,168 3 ,339 l.«5 2,936 2,941 9,586 1/ After deducting $177 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 Federal Reserve System's program of credit restraint, * Estimated (Atlanta and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis