H.4.1 Factors Affecting Reserve Balances of Depository Institutions

- #& FEDERAL RESERVE Factors Affecting Bank Reserves qnd Condition Statement of F.R. Banks H.4.1 For immediate release July 24, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 23, July 16, I July 24, July 23, and related items 1975 * 1975 1 1974 1975 * Reserve Bank credit: 1/ (In millions of dollars) 2/1/ U.S. Government securities-- Bought outright—System account 82,766 + 587 + 2,191 82,548 Held under repurchase agreements 117 90 18 820 - - Federal Agency obligations-- Bought outright 5,084 — + 1,506 5,083 Held under repurchase agreements 30 + 3 - 111 211 Acceptances-- Bought outright 680 - 6 + 512 673 Held under repurchase agreements 11 + 11 - 48 76 Loans-- Total member bank borrowing 382 + 180 - 3,259 1,999 Includes seasonal borrowing of: 19 + 3 - 136 21 Other borrowing — — -- -- Float 1,859 - 287 - 168 2,221 Other F.R. assets 3.122 + 72 + 1.725 3.200 Total Reserve Bank credit 94,051 + 470 + 2,329 96,831 Gold Stock 11,620 -- + 53 11,620 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 9,630 + 12 + 723 9.637 115,801 + 481 + 3,206 118,588 Currency in circulation ** 81,743 409 + 7,302 81,734 Treasury cash holdings ** 370 mm * + 100 370 Treasury deposits with F.R. Banks 1,370 + 172 - 1,351 1,333 Foreign deposits with F.R. Banks 240 - 56 - 43 276 Other deposits with F.R. Banks 4/ 690 + 14 - 67 795 Other F.R. liabilities and capital 3.148 + 38 - 123 3.181 87,561 - 241 + 5,819 87,689 Member bank reserves: With Federal Reserve Banks 28,240 + 723 - 2,613 30,899 Currency and coin 6.718 - 637 + 154 6,718 Total reserves held 34,958 + 86 - 2,459 37,617 Required reserves 34,693 - 106 - 2,609 34,693 Excess reserves » 265 + 192 + 150 2,924 NOTE: A net of $20 million of surplus reserves were eligible to be carried forward from the week ended July 16, into the week ending July 23. On July 23, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,423 million, an increase of $368 million for the week. 1./ Net of $462 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $438 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3./ Includes $112 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 fhe Federal Reserve System's program of credit restraint. Digitized for *F*R AESsEtRi mated (Treasury's Figures). http://fraser.*st loEusistfeidm.aortge/ d (San Francisco District). 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 23& July 16, July 24, A S S E TS ** 1975 1975 1974 Gold certificate account 11,620 mm mm + 160 Special Drawing Rights certif. accte * 500 — •» + 100 Cash (1,686) 320 + 9 + 122 Loans 1,999 + 868 - 3,640 Acceptances--Bought outright 673 - 7 + 473 Held under repurchase agreements 76 + 76 - 189 Federal Agency obligations—Bought outright 5,083 - 1 + 1,496 Held under repurchase agreements 211 + 22 - 117 U.S. Government securities: Bought outright--Bills 35,140 - 97 - 2,928 Certificates -— —— __ Notes 42,886 •— + 3,105 Bonds 4,522 - - + 1,664 Total bought outright 1/2/ 82,548 - 97 + 1,841 Held under repurchase agreements 820 - 631 + 213 Total U.S. Government securities 83,368 - 728 + 2,054 Total loans and securities 91,410 + 230 + 77 Cash items in process of collection (1,652) 7,257 - 793 - 380 Bank premises 298 —— + 56 Operating Equipment 2 - - + 2 Other assets 3/ 2,900 + 124 + 1,723 TOTAL ASSETS (3,338) 114,307 - 430 + 1,860 L I A B I L I T I ES Federal Reserve notes (1,686) 72,787 - 443 + 6,927 Deposits: Member bank-reserves account 30,899 - 259 - 2,872 U.S. Treasury—general account 1,333 + 736 - 1,668 Foreign 276 + 52 + 22 Other 4/ 795 + 122 + 63 Total deposits 33,303 + 651 - 4,455 Deferred availability cash items (1,652) 5,036 - 626 - 443 Other liabilities and accrued dividends 1,021 - 117 - 184 TOTAL LIABILITIES (3,338) 112,147 - 535 + 1,845 C A P I T AL A C C O U N TS Capital paid in 912 + 1 + 32 Surplus 897 —— + 53 Other capital accounts 351 + 104 70 Contingent liability on acceptances purchased, for foreign correspondents 975 * v Figures in parentheses are the eliminations made in the consolidating process. Excludes $438 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 million securities loaned--fully secured- by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign currencies. 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 (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. JULY 23, 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 1,995 168 5,468 + 374 237 47 16 days to 90 days 4 403 18,725 - 85 276 - 15 91 days to 1 year 178 20,476 -1,017 532 + 15 Over 1 year to 5 years 28,366 2,544 - 23 Over 5 years to 10 years 7,137 1,144 - 3 Over 10 years 3,196 561 Digitized for FRASER Total 1,999 749 83,368 728 5,294 TIT http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 23, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San * Total Boston York delphia land mond Atlanta Chicago Louis apolis Citv 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 1,686 105 383 91 75 156 262 116 47 40 43 88 280 Other cash 320 20 18 9 45 31 45 33 29 12 28 15 35 Loans 1,999 15 1,190 70 52 40 100 425 47 3 21 3 33 Acceptancea: Bought outright 673 -- 673 -- — — -- — — — — -- — Held under repurchase agreements 76 — 76 — — -- — — — — -- -- Federal Agency obligations- Bought outright 5,083 236 1,220 298 401 411 265 766 194 Ill 208 260 713 Held under repurchase agreements 211 — 211 -- -- — -- -- -- -- — U.S. Government securities: Bought outright- Bills 35,140 1,634 8,433 2,063 2,776 2,839 1,835 5,293 1,339 767 1,436 1,797 4,928 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/ 82,548 3,838 19,810 4,847 6,522 6,670 4,310 12,434 3,145 1,803 3,374 4,220 11,575 Held under repurchase agreements 820 —— 820 —— -- — —— -- —— —— -- —— -- Total U.S. Government securities 83,368 3,838 20,630 4,847 6,522 6,670 4,310 12,434 3,145 1,803 3,374 4,220 11,575 Total loans and securities 91,410 4,089 24,000 5,215 6,975 7,121 4,675 13,625 3,386 1,917 3,603 4,483 12,321 Cash items in process of collection 8,909 348 1,319 257 474 1,294 671 1,190 429 434 808 635 1,050 Bank premises 298 79 19 44 26 17 14 16 13 33 17 12 8 Operating Equipment 2 - - 2 - - — — -- — -- -— -- Other assets 3/ 2,900 64 1,826 80 101 109 78 196 51 32 87 65 211 Interdistrict settlement account -0- + 117 -1,284 - 343 + 682 - 195 + 137 + 998 + 144 + 45 - 84 - 439 + 222 TOTAL 117,645 5,376 29,758 6,052 9,309 9,559 6,521 18,021 4,568 2,729 4,939 5,300 15,513 1/ Excludes $438 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $112 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). 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 23, 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) liabilities Federal Reserve notes 74,473 3,679 18,631 4,512 6,428 6,733 3,775 11,833 3,122 1,518 2,714 2,798 8,730 Deposits: MMeemmbbeerr bbaannkk rreesseerrvveess 30,899 1,125 8,403 1,068 2,085 1,461 1,915 4,714 937 655 1,276 1,766 5,494 UU..SS.. TTrreeaassuurryy--ggeenneerraall aaccccoouunntt 1,333 119 156 110 114 108 105 102 99 89 96 89 146 FFoorreeiiggnn 276 9 1/ 100 11 21 13 18 37 8 6 10 13 30 OOtthheerr 22// 795 1 713 1 1 13 30 4 * 1 2 11 18 TToottaall"" ddeeppoossiittss 33,303 1,254 9,372 1,190 2,221 1,595 2,068 4.857 1,044 751 1,384 1,879 5,688 DDeeffeerrrreedd aavvaaiillaabbiilliittyy ccaasshh iitteemmss 6,688 313 947 190 400 1,027 465 860 294 386 . 696 460 650 OOtthheerr lliiaabbiilliittiieess aanndd aaccccuurreedd dividends 1.021 45 260 56 73 74 54 138 34 22 54 46 165 TOTAL LIABILITIES 115,485 5,291 29,210 5,948 9,122 ' 9,429 6,362 17,688 4,494 2,677 4,848 5,183 15,233 CAPITAL ACCOUNTS CCaappiittaall ppaaiidd iinn 912 35 232 42 80 51 71 141 31 23 40 50 116 SSuurrpplluuss 897 35 235 42 78 50 69 138 30 22 37 49 112 OOtthheerr ccaappiittaall aaccccoouunnttss 351 15 81 20 29 29 19 54 13 7 14 18 52 TTOOTTAALL LLIIAABBIILLIITTIIEESS AANNDD CAPITAL ACCOUNTS 117.645 5.376 29.758 6.052 9.309 ! 9.559 6.521 18.021 4.568 2.729 4.939 5.300 15.513 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS C F o . l R. l a n t o e t r e a s l f o o u r t s F t . a R n . d i n n o g t es: 78,073 3,879 19,623 4,638 6,644 7,010 4,208 12,117 3,304 1,582 2,864 2,961 9,243 G A S o c p l e c d c e i p c a t e l a r n t D a i r n f a c i w e i c s n a g t e R i a g c h c t o s un t c ertif. acct. 11,5 3 9 0 6 2 53 2 0 4 3,3 1 2 2 9 4 668 888 980 61 2 1 8 1,768 44 2 9 0 2200 11 66 00 4411 11 88 88 4422 11 22 99 11,, .. 33 55 22 99 77 UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 68.930 3.400 16.350 4.150 5.810 6.180 4.050 11.400 2.920 1.410 2.500 2,560 8.200 TToottaall ccoollllaatteerraall 80.828 3.954 19.803 4.818 6.698 7.160 4.689 13.168 3.389 1.626 2.936 3.001 9.586 ** Estimated (San Francisco District). * Less than $500,000. JL/ After deducting $176 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