H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and • f*4L Rt^ Condition Statement of F.R. Banks H.4.1 For immediate release July 31, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, July 30, "July 23, July 31, July 30, and related items 1975 1975 1974 1975 Reserve Bank credit: lJ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 82,526 - 240 + 2,581 82,029 Held under repurchase agreements 243 + 126 - 140 899 Federal Agency obligations-- Bought outright 5,083 - 1 + 1,497 5,083 Held under repurchase agreements 16 - 14 - 182 53 Acceptances- Bought outright 679 - 1 + 467 673 Held under repurchase agreements 13 + 2 - 117 37 Loans-- Total member bank borrowing 253 - 129 » 3,437 147 Includes seasonal borrowing of: 20 + 1 - 143 22 Other borrowing Float 1,437 - 415 - 370 1,823 Other F.R. assets 3.246 + 121 + 1,812 3.238 Total Reserve Bank credit 93,496 - 551 + 2,110 93,982 Gold Stock 11,620 -- + 53 11,620 Special Drawing Rights certif. acct. 500 —- + 100 500 Treasury currency outstanding 9*641 + 11 + 728 9.647 115,258 - 539 + 2,992 115,749 Currency in circulation * 81,281 - 455 + 7,200 81,478 Treasury cash holdings * 370 —— + 87 370 Treasury deposits with F.R. Banks 1,830 + 460 - 1,384 1,386 Foreign deposits with F.R. Banks 262 + 22 - 31 284 Other deposits with F.R. Banks 4/ 711 + 21 - 74 574 Other F.R. liabilities and capital 3.237 + 90 - 153 3.339 87,691 + 138 + 5,645 87,431 Member bank reserves: With Federal Reserve Banks 27,567 - 677 - 2,651 28,318 Currency and coin 7,451 + 733 + 465 7.451 Total reserves held 35,018 + 56 - 2,186 35,769 Required reserves 34,718 + 25 - 2,302 34,718 Excess reserves 300 + 31 + 116 1,051 NOTE: A net of $79 million of surplus reserves were eligible to be carried forward from the week ended July 23, into the week ending July 30. On July 30, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,435 million, an increase of $1,012 million for the week. 1/ Net .of $221 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $620 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $97 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. Estimated (Treasury's Figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (Inmillions of dollars) Wednesday Change since July 30, July 23, July 31, A S S E TS 1975 1975 1974 Gold certificate account 11,620 + 160 Special Drawing Rights certif. acct- * 500 — — + 100 Cash (1,836) 332 + 12 + 131 Loans 147 -1 ,852 -3,442 Acceptances--Bought outright 673 — + 455 Held under repurchase agreements 37 - 39 + 37 Federal Agency obligations--Bought outright 5,083 — — +1,498 Held under repurchase agreements 53 - 158 + 53 U.S. Government securities: Bought outright--Bills 34,621 - 519 - 843 Certificates — — — * — — Notes 42,886 * — +3,105 Bonds 4.522 +1.664 Total bought outright 1/2/ 82,029 - 519 +3,926 Held under repurchase agreements 899 + 79 + 899 Total U.S. Government securities 82,928 - 440 +4,825 Total loans and securities 88,921 -2 ,489 +3,426 Cash items in process of collection (1,535) 6,542 - 484 -1,424 Bank premises 300 + 2 + 57 Operating Equipment 2 - - + 2 Other assets _3/ 2,936 + 14 +1,495 TOTAL ASSETS (3,371) 111,153 -2 r \b\ M 1 +3,947 L I A B I L I T I ES Federal Reserve notes (1,836) 72,533 - 208 +6,762 Deposits: Member bank-reserves account 28,318 -2 ,581 + 942 U.S. Treasury--general account 1,386 + 53 -2,436 Foreign 284 + 8 46 Other 4/ 574 - 221 - 595 Total deposits 30,562 -2 ,741 -2,135 Deferred availability cash items (1,535) 4,719 - 164 - 616 Other liabilities and accrued dividends 1,077 + 66 78 TOTAL LIABILITIES (3,371) 108,891 -3 ,047 +3,933 c a p i t al a c c o u n ts Capital paid in 911 - 1 + 31 Surplus 897 - - + 53 Other capital accounts 454 + 103 70 Contingent liability on acceptances purchased for foreign correspondents -r -1,023 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $620 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 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. .TTTT.Y 30 1975 r (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 Holdings Weekly Holdings Weekly changes changes Within 15 days 135 136 4,768 -700 79 -158 16 days to 90 days 12 400 18,459 -266 276 91 days to 1 year 174 21,002 +526 532 Over 1 year to 5 years 28,366 2,544 Over 5 years to 10 years 7,137 1,144 Digitized for FRASE O R v er 10 years 3,196 561 http://fraser.stlouisfed.o T r o g/ t al 147 710 82,928 -440 5,136 -158 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 30, 1975 New Phila- 1 Cleve- [ Rich- 1 1 1 St. Minne- 1 Kansas 1 San Total Boston York delnhia 1 land 1 mond 1 Atlanta 1 Chicago 1 Louis apolis 1 Citv 1 1 Dallas iFrancisco. (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 1,836 115 396 99 86 159 282 125 53 45 41 103 332 Other cash 332 19 23 10 45 34 46 35 30 12 28 17 33 Loans 147 5 13 4 1 15 33 44 5 12 10 3 2 Acceptances: Bought outright 673 -- 673 -- -- — — -- -- — -- — Held under repurchase agreements 37 — 37 — -- — — — -- — -- -- Federal Agency obligations- Bought outright 5,083 236 1,220 298 401 411 265 766 194 111 208 260 713 Held under repurchase agreements 53 -- 53 — — -- — -- - - — — — — U.S. Government securities: Bought outright- Bills 34,621 1,609 8,308 2,033 2,735 2,798 1,808 5,215 1,319 756 1,415 1,770 4,855 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/ 82,029 3,813 19,685 4,817 6,481 6,629 4,283 12,356 3,125 1,792 3,353 4,193 11,502 Held under repurchase agreements 899 - - 899 - - -- - - . —— - • —— -— — — —— Total U.S. Government securities 82,928 3,813 20,584 4,817 6,481 6,629 4,283 12,356 3,125 1,792 3,353 4,193 11,502 Total loans and securities 88,921 4,054 22,580 5,119 6,883 7,055 4,581 13.166 3,324 1,915 3,571 4,456 12,217 Cash items in process of collection 8,077 306 1,152 229 420 1,168 634 1,176 393 411 745 594 849 Bank premises 300 80 19 45 26 17 14 16 13 33 17 12 8 Operating Equipment 2 — 2 — — - - -- -- - - -- — — Other assets 3/ 2,936 67 1,768 116 108 119 88 205 53 36 67 70 239 Interdistrict settlement account -0- - 179 - 789 - 411 + 516 - 245 - 2 +1,113 + 210 + 128 - 178 - 422 + 259 TOTAL 114,524 5.016 28.626 5.906 9,015 9,333 6.282 17,683 6,565 2,796 4,778 5,971 15,193 1/ Excludes $620 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $97 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

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON JULY 30, 1975 H.4.1(c) 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 74,369 3,658 18,637 4,494 6,421 6,740 3,778 11,801 3,117 1,512 2,705 2,803 8,703 Deposits: Member bank reserves 28,318 825 7,506 919 1,803 1,276 1,697 4,396 918 710 1,144 1,705 5,419 U.S. Treasury--general account 1,386 98 194 123 117 115 97 132 112 92 70 98 138 Foreign 284 10 1/ 101 12 21 14 19 38 8 6 10 14 31 Other 2/ 574 2 472 2 1 11 27 17 1 4 2 14 21 Total deposits 30,562 935 8,273 1,056 1,942 1,416 1,840 4,583 1,039 812 1,226 1,831 5,609 Deferred availability cash items 6,254 287 875 189 381 963 443 806 275 395 . 664 467 509 Other liabilities and accured dividends 1.077 46 267 57 77 76 57 144 36 23 39 48 207 TOTAL LIABILITIES 112,262 4,926 28,052 5,796 8,821 9,195 6,118 17,334 4,467 2,742 4,634 5,149 15,028 CAPITAL ACCOUNTS Capital paid in 911 35 232 42 80 51 71 141 31 23 39 50 116 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 454 20 107 26 36 37 24 70 17 9 18 23 67 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 114,524 5,016 28,626 5,906 9,015 9,333 6.282 17.683 4,545 2.796 4,728 5,271 15,323 Contingent liability on acceptances purchased for foreign correspondents — —— - - —— —— — — "» — MM mm * *• mm — FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,081 3,877 19,617 4,625 6,651 7,011 4,219 12,105 3,297 1,577 2,860 2,964 9,278 Collateral for F.R. notes: Gold certificate account 11,596 530 3,329 668 888 980 611 1,768 449 206 418 422 1,327 Special Drawing Rights certif. acct. 302 24 124 — — mm •» • mm 28 mm mm 20 10 18 19 59 Acceptanances — • — • — — — —» mm mm — mm mm U.S. Government securities 69.030 3.400 16,350 4,150 5,910 6,180 4,050 11,400 2,920 1,410 2,500 2,560 8,200 Total collateral 80,928 3,954 19,803 4,818 6,798 7,160 4,689 13,168 3,389 1,626 2,936 3,001 9,586 1/ After deducting $183 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis