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 17, 1975 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 16, July 9, July 17, July 16, and related items 1975 1975 1974 1975 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 82,179 -1,210 +2,007 82,645 Held under repurchase agreements 207 - 298 - 517 1,451 Federal Agency obligations-- Bought outright 5,084 +1,642 5,084 Held under repurchase agreements 27 15 - 353 189 Acceptances-- Bought outright 686 + 4 + 568 680 Held under repurchase agreements — 81 - 282 -- Loans-- Total member bank borrowing 202 21 -2,973 1,131 Includes seasonal borrowing of: 16 + 3 - 136 16 Other borrowing Float 2,135 - Ill - 266 2,389 Other F.R. assets 3,050 + 43 +1,729 3,076 Total Reserve Bank credit 93,570 -1,689 +1,555 96,645 Gold Stock 11,620 - - + 53 11,620 Special Drawing Rights certif. acct. 500 —— + 100 500 Treasury currency outstanding 9,618 + 49 + 715 9,627 115,309 -1,639 +2,424 118,392 Currency in circulation * 82,152 + 257 +7,303 82,176 Treasury cash holdings * 370 •— + 104 370 Treasury deposits with F.R. Banks 1,198 -2,195 -1,168 597 Foreign deposits with F.R. Banks 296 + 32 7 224 Other deposits with F.R. Banks 4/ 676 - 53 - 110 673 Other F.R. liabilities and capital 3,110 + 94 83 3,193 87,802 -1,865 +6,040 87,233 Member bank reserves: With Federal Reserve Banks 27,506 + 225 -3,616 31,158 Currency and coin 7,355 + 37 + 653 7,355 Total reserves held 34,861 + 262 -2,963 38,513 Required reserves 34,799 + 306 -3,041 34,799 Excess reserves 62 44 78 NOTE: A net of $97 million of surplus reserves were eligible to be carried forward from the week ended July 9, into the week ending July 16. On July 16, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,055 million, an increase of $783 million for the week. 1/ Net of $2,016 million, daily average, matched sale-purchase transactions outstanding ~ during the statement week. 2/ Excludes $1,540 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $117 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 *F REAsStEiRm ated 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 16, July 9, July 17, A S S E TS 1975 1975 1974 Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct. * 500 — —* + 100 Cash (1:, 447) 311 - 4 + 114 Loans 1,131 + 1,051 - 2,917 Acceptances--Bought outright 680 - 6 + 552 Held under repurchase agreements — — — mm - 219 Federal Agency obiigations--Bought outright 5,084 mm mm + 1,642 Held under repurchase agreements 189 + 189 243 U.S. Government securities: Bought outright--Bills 35,237 + 3,246 - 2,457 Certificates • • —i mm Notes 42,886 mm mm + 3,105 Bonds 4.522 + 1.664 — Total bought outright 11//22// 82,645 + 3,246 + 2,312 Held under repurchase agreements 1.451 + 1.451 + 829 Total U.S. Government securities 84.096 + 4.697 + 3.141 Total loans and securities 91,180 + 5,931 + 1,956 Cash items in process of collection (1,7 71) 8,050 - 265 - 2,283 Bank premises 298 + 8 + 58 Operating Equipment 2 — — + 2 Other assets 3/ 2.776 + 4 + 1.647 TOTAL ASSETS (3,2 18) 114.737 + 5.674 + 1,754 l i a b i l i t i es Federal Reserve notes (1,4 47) 73,230 - 214 + 6,913 Deposits: Member bank-reserves account 31,158 + 6,379 - 1,307 U.S. Treasury—general account 597 - 784 - 2,117 Foreign 224 - 15 - 33 Other 4/ 673 - 21 - 124 Total deposits 32,652 + 5,559 . 3,581 Deferred availability cash items (1,7 71) 5,662 + 158 - 1,601 Other liabilities and accrued dividends 1,138 + 71 + 1 TOTAL LIABILITIES (3,218) 112,682 + 5,574 + 1,732 c a p i t al a c c o u n ts Capital paid in 911 + 2 + 32 Surplus 897 *• mm + 53 Other capital accounts 247 + 98 - 63 Contingent liability on acceptances purchased, for foreign correspondents 918 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $1,540 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $117 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 16. 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 Ichanges changes Within 15 days 1,127 76 5,094 + 2,943 190 + 189 16 days to 90 days 4 421 18,810 + 1,905 291 91 days to 1 year 183 21,493 - 151 517 Over 1 year to 5 years 28,366 — 2,567 Over 5 years to 10 years 7,137 -- 1,147 Over 10 years 3.196 22 561 -- Digitized for FRASER Total 1,131 680 84,096 + 4,697 5,273 + 189 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 16, 1975 New Phila- 1 Cleve- 1 Rich- 1 St. Minne- Kansas San Total Boston York delohia 1 land 1 mond 1 Atlanta Chicago Louis apolis City 1 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 1,447 81 368 66 59 125 229 69 33 33 38 81 265 Other cash 311 20 18 8 42 31 43 34 28 11 28 14 34 LLLoooaaannnsss 1,131 2 573 82 5 7 413 2 6 10 31 AAAcccccceeeppptttaaannnccceeesss::: BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt 680 680 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss FFFeeedddeeerrraaalll AAAgggeeennncccyyy ooobbbllliiigggaaatttiiiooonnnsss--- BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt 5,084 236 1,220 298 402 411 265 766 194 111 208 260 713 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 189 189 UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss::: BBBooouuuggghhhttt ooouuutttrrriiiggghhhttt--- BBBiiillllllsss 35,237 1,638 8,456 2,069 2,784 2,847 1,840 5,308 1,343 769 1,440 1,, 802 4,941 CCCeeerrrtttiiifffiiicccaaattteeesss NNNooottteeesss 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 BBBooonnndddsss 4,522 210 1,085 266 357 366 236 681 172 99 185 231 634 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 111///222/// 82,645 3,842 19,833 4,853 6,530 6,678 4,315 12,449 3,149 1,805 3,378 4 ,225 11,588 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss 1,451 1,451 TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 84,096 3.842 21,284 4,853 6,530 6,678 4,315 12,449 3,149 1.805 3,378 4,, 225 11,588 Total loans and securities 91,180 4,080 23,946 5,233 6,932 7,094 4,587 13,628 3,343 1,918 3,592 4;, 495 12,332 Cash items in process of collection 9,821 408 1,443 275 573 1,347 806 1,472 488 430 874 691 1,014 Bank premises 298 79 19 44 26 17 14 16 13 33 17 12 8 Operating Equipment 2 2 Other assets 3/ 2,776 62 1,740 85 96 107 74 183 46 36 69 63 215 Interdistrict settlement account -0- + 76 - 726 - 360 + 840 - 265 + 22 + 812 + 74 + 12 - 283 381 + 179 TOTAL 117,955 5,360 30.285 6,050 9,499 9,482 6,414 18,061 4,494 2,689 4,772 5 ,416 15,433 1/ Excludes $1,540 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions» 2/ Includes $117 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 16, 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) l i a b i l i t i es Federal Reserve notes 74,677 3 ,690 18,620 4,542 6,445 6,756 3,826 11,828 3 ,142 1,526 2,735 2 ,813 8,754 Deposits: Member bank reserves 31,158 1 ,105 9,075 1,054 2,267 1,321 1,742 4,607 853 636 1,111 1 ,862 5,525 U.S. Treasury-general account 597 57 104 66 28 68 60 81 25 37 13 52 6 Foreign 224 9 2/ 62 10 19 12 17 34 7 5 9 12 28 Oth T e ot r a l 3 / d eposits 673 1 575 1 1 12 28 9 2 2 2 9 31 Deferred availability cash items 32,652 1, 172 9,816 1,131 2,315 1,413 1,847 4,731 887 680 1,135 11, 935 5,590 Other liabilities and accured 7,433 372 1,064 221 487 1,117 531 1,043 360 412 759 509 558 di T v O i T d A e L n d L s I ABILITIES 1,138 46 263 58 74 74 56 141 35 22 57 47 265 115,900 5 ,280 29,763 5,952 9,321 9,360 6,260 17,743 4 ,424 2,640 4,686 5 ,304 15,167 CAPITAL ACCOUNTS Capital paid in Surplus 911 35 232 42 80 51 71 141 31 23 39 50 116 Other capital accounts 897 35 235 42 78 50 69 138 30 22 37 49 112 TOTAL LIABILITIES AND 247 10 55 14 20 21 14 39 9 4 10 13 38 CAPITAL ACCOUNTS 117,955 5 ,360 30,285 6,050 9,499 9,482 6,414 18,061 4 ,494 2,689 4,772 5=, 416 15,433 Contingent liability on acceptances purchased for foreign correspondents 2/ FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 77,922 3,865 19,589 4,651 6,618 6,999 4,175 12,070 3,315 1,583 2,872 2,940 9,245 Gold certificate account Special Drawing Rights certif. acct. 11,596 530 3,329 668 888 980 611 1,768 449 206 418 422 1,327 Acceptanances 302 24 124 28 20 10 18 19 59 U.S. Government securities Total collateral .. 6 . 8 , a 8 n 1 , 0 7 08 3 3 , , 4 9 0 5 0 4 — 1 1 9 6 , , 7 2 0 5 3 0 4 4 , , H 1 I 5 H 0 5h, x 8 1hU0 H. 6,180 4,040 .n 1 i 1 u ,4 a 0 0 "Cm K S- - W- - f #- - H i- 1/ After deducting $162 million participations of other Federal Reserve Banks. y 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 voluntar yparticipation 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