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 July 10, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 9, July 2, July 10, July 9, and related items 1975 1975 1974 1975 Reserve Bank credit: 11// ((IInn nn aillions of dollars) 22//33// U.S. Government securities-- Bought outright--System account 83,389 - 360 . + 3,491 79,399 Held under repurchase agreements 505 - 2,008 - 59 -- Federal Agency obligations-- Bought outright 5,084 - 1 + 1,975 5,084 Held under repurchase agreements 42 - 170 - 377 - - Acceptances-- Bought outright 682 - 1 + 580 686 Held under repurchase agreements 81 - 152 - 134 — — Loans-- Total member bank borrowing 223 - 648 - 2,417 80 -Includes seasonal borrowing of: 13 - 2 - 124 14 Other borrowing - - — — — — — — Float 2,227 + 343 - 724 2,811 Other F.R. assets 3.007 - 3 + 1,748 3.064 Total Reserve Bank credit 95,240 - 3,000 + 4,083 91,124 Gold Stock 11,620 — — + 53 11,620 Special Drawing Rights certif. acct. 500 - - + 100 500 Treasury currency outstanding 9.569 + 15 + 671 9.612 116,929 - 2,985 + 4,908 112,856 Currency in circulation * 81,895 + 824 + 7,019 82,371 Treasury cash holdings * 370 — - + 95 370 Treasury deposits with F.R. Banks 3,393 - 2,381 + 436 1,381 Foreign deposits with F.R. Banks 264 - 10 - 25 239 Other deposits with F.R. Banks 4/ 729 - — - 24 694 Other F.R. liabilities and capital 3.016 - 307 - 34 3,022 89,667 - 1,874 + 7,466 88,077 Member bank reserves: With Federal Reserve Banks 27,262 - 1,111 - 2,558 24,779 Currency and coin 7.318 + 220 + 270 7,318 Total reserves held 34,580 - 891 - 2,288 32,097 Required reserves 34,493 - 584 - 2,097 34,493 Excess reserves 87 - 307 - 191 -2,396 NOTE: A net of $226 million of surplus reserves were : eligible to be carried forward from the week ended July 2, into the week ending July 9. On July 9, 1975, marketable U.S . Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,272 million, an increase of $207 million for the week. 1/ Net of $1,138 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $4,994 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $150 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 Digitized for FRASER System's program of credit restraint. http://fraser.stlouisEfsetd.iomrga/ ted (Treasury's Figures). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Wednesday Change since July 9, July 2, July 10, A S S E TS 1975 1975 1Q7A Gold certificate account 11,620 —— + 160 Special Drawing Rights certif. acct * 500 -- + 100 Cash (1,279) 315 - 36 + 119 80 - 191 - 2,191 Loans Acceptances--Bought outright 686 - 4 + 572 Held under repurchase agreements - 2 - 275 Federal Agency obligations--Bought outright 5,084 —— + 1,933 Held under repurchase agreements -- - 99 - 678 U.S. Government securities: Bought outright--Bills 31,991 - 5,029 - 5,430 Certificates Notes 42,886 mm + 3,194 Bond s 4,522 + 1,700 79,399 5,029 536 Total bought outright 1./2/ Held under repurchase agreements * mm - 415 - 746 Total U.S. Government securities 79,399 - 5,444 - 1,282 Total loans and securities 85,249 - 5,740 - 1,921 Cash items in process of collection (1,565) 8,315 + 302 - 882 290 —— + 49 Bank premises 2 —— + 2 Operating Equipment 2,772 + 132 + 1,670 Other assets 1/ TOTAL ASSETS (2,844) 109,063 - 5,342 - 703 L I A B I L I T I ES 73,444 + 577 + 6,821 Federal Reserve notes Deposits: Member bank-reserves account 24,779 - 2,202 - 6,115 U.S. Treasury--general account 1,381 - 3,910 . - 1,066 239 - 14 - 2 Foreign 694 - 71 - 70 Other 27,093 - 6,197 - 7,253 Total deposits „ 5,504 + 133 - 149 Deferred availability cash items Other liabilities and accrued dividends 1,067 + 40 - 155 107,108 5,447 736 TOTAL LIABILITIES (2,844) C A P I T AL A C C O U N TS 909 2 + 30 Capital paid in 897 + 53 Surplus 149 + 107 50 Other capital accounts Contingent liability on acceptances 866 purchased, for foreign correspondents * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $4,994 million of securities sold, and scheduled to be bought back, "" under matched sale-purchase transactions. 2/ Includes $150 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. MATURITY DISTRIBUTION? OF LOANS AND SECURITIES. JULY 9» 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 74 80 2,151 -2,739 1 -98 16 days to 90 days 6 423 16,905 -2,716 291 + 8 91 days to 1 year 183 21,644 4- 11 517 - 9 28,366 2,567 - - Over 1 year to 5 years Over 5 years to 10 years 7,137 1,147 -- 3.196 561 —— Digitized for FRASOEvRer 10 years http://fraser.stlouisfedT.ootrga/l 80 686 79,399 -5,444 5,084 -99 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 9, 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 1,279 61 360 45 59 99 194 75 24 27 36 72 227 Other cash 315 20 18 10 43 31 42 33 27 12 29 14 36 Loans 80 22 3 — —— —— 14 25 —— 8 5 1 2 Acceptances: Bought outright 668866 — 668866 -- -- -- — -- -- -- -- — — Held under repurchase agreements — — — — — — — — — — -- -- Federal Agency obligations-- Bought outright 5,084 236 1,220 298 402 411 265 766 194 Ill 208 260 713 Held under repurchase agreements -- — — — -- — -- -- -- -- — -- U.S. Government securities: Bought outright— Bills 31,991 1,487 7,677 1,879 2,527 2,585 1,671 4,819 1,219 698 1,307 1,636 4,486 Certificates - - -- — - - -- -- -- —— -— — — -- —— —— 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 1/2/ 79,399 3,691 19,054 4,663 6,273 6,416 4,146 11,960 3,025 1,734 3,245 4,059 11,133 Held under repurchase agreements -- -- -- — — -- — -- -- — — -- Total U.S. Government securities 79,399 3,691 19,054 4,663 6,273 6,416 4,146 11,960 3,025 1,734 3,245 4,059 11,133 Total loans and securities 85,249 3,949 20,963 4,961 6,675 6,827 4,425 12,751 3,219 1,853 3,458 4,320 11,848 Cash items in process of collection 9,880 414 1,597 351 537 1,303 853 1,361 573 495 797 669 930 Bank premises 290 79 12 43 26 17 14 16 13 33 17 12 8 Operating Equipment 2 *• — 2 «• • Other assets 3/ 2,772 57 1,798 84 90 99 79 171 56 32 46 62 198 Interdistrict settlement account *0- - 261 +1,048 - 539 + 205 - 59 + 41 + 807 7 - 71 - 144 - 482 - 538 TOTAL 111,907 4.873 29.273 5.654 8.566 9.343 6.287 17.061 4.374 2.597 4.676 5.108 14.095 \j Excludes $4,994 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 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 9, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond AAttllaannttaa Chicago Louis apolis City Dallas Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes 74,723 3,674 18,619 4,529 6,438 6,777 3,843 11,822 3,146 1,528 2,748 2,813 8,786 Deposits: Member bank reserves 24,779 562 8,085 619 1,347 1,154 1,589 3,674 659 527 1,007 1,479 4,077 U. S. Treasurer—general account 1,381 145 63 68 103 176 96 165 125 62 88 136 154 Foreign 239 10 58 12 21 13 19 38 8 6 10 13 31 Other 2/ 694 — 594 2 1 11 28 14 Total deposits 27,093 717 8,800 701 1,472 1,354 1,732 3,891 793 597 1,110 1,639 4,287 Deferred availability cash items 7,069 360 1,123 274 413 1,025 512 906 334 403 671 502 546 Other liabilities and accrued dividends 1,067 46 234 58 73 74 51 140 is 91 AA 47 9?4 TOTAL LIABILITIES 109,952 4:, 797 28,776 5,562 8,396 9,230 6,138 16,759 4,308 2,549 4,593 5,001 13,843 CAPITAL ACCOUNTS Capital paid in 909 35 231 42 80 51 71 140 31 23 39 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 149 6 31 8 12 12 9 24 5 3 7 8 24 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 111,907 4,, 873 29,273 5,654 8,566 9,343 6,287 17,061 4,374 2.597 4.676 5.108 14.095 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding 77,532 3,798 19,522 4,612 6,619 6,954 4,156 12,016 3,288 1,583 2,866 2,928 9,190 Collateral for F. R. notes: S G A p o c e l c c d i e a p c l t e a r D n t r c i a e f w s i i c n a g t e R i a g c h c t o s u n c t ertif. acct 11,5 3 9 02 6 53 2 0 4 3,3 1 2 2 9 4 668 888 980 61 2 1 8 1,768 44 2 9 0 20 1 6 0 41 1 8 8 42 1 2 9 1,3 5 2 9 7 U.S. Government securities 68,670 3,330 16,250 4,150 5.810 6,180 4.050 11,400 2,870 1,410 2,500 2,520 8,200 Total collateral 80,568 3,884 19,703 4^818 6,698 7,160 4,689 13,168 3,339 1,626 2,936 2.961 9,586 }J After deducting $181 million participations of other Federal Reserve Banks. 2/ Includes $6 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 for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis