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 August 7, 1975 Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 6,** July 30, 1 Aygust 7, August 6,*i and related items 1975 1975 1974 1975 (In millions of dollars) Reserve Bank credit: 2/3/ U.S. Government securities— i/ Bought outright--System account 81,413 -1,113 4-1,347 78,823 Held under repurchase agreements — - 243 -- -- Special Certificates 231 + 231 + 231 965 Federal Agency obligations-- Bought outright 5,083 mm m + 1,501 5,083 Held under repurchase agreements -- 16 -- Acceptances— Bought outright 678 1 + 460 664 Held under repurchase agreements * 13 -- Loans-- Total member bank borrowing 176 77 - 2,913 117 Includes seasonal borrowing of: 29 + 9 - 147 33 Other borrowing ** m* * * -- -* Float 1,536 + 104 - 564 2,559 Other F.R. assets 3.217 - 29 + 1.756 3.228 Total Reserve Bank credit 92,335 -1,156 + 1,819 91,439 Gold stock 11,617 3 + 50 11,608 Special Drawing Rights certif. acct. 500 «-«- + 100 5Q0 Treasury currency outstanding 9.683 + 42 + 745 9.689 114,134 -1,119 + 2,713 113,236 Currency in circulation *** 81,497 + 216 + 7,114 82,045 Treasury cash holdings *** 370 —— + 88 370 Treasury deposits with F.R. Banks 1,205 - 625 - 1,525 * Foreign deposits with F.R. Banks 277 + 15 + 3 259 Other deposits with F.R. Banks 4/ 662 49 - 137 665 Other F.R. liabilities and capital 3.108 - 129 + 55 2.895 87,119 - 572 + 5,598 86,234 Member bank reserves: With Federal Reserve Banks 27,014 - 548 2,886 27,001 Currency and coin 7.548 + 97 + 528 7.548 Total reserves held 34,562 - 451 - 2,358 34,549 Required reserves 34,345 - 373 - 2,347 34,345 Excess reserves 217 78 11 204 NOTE: A net of $180 million of surplus reserves were eligible to be carried forward from the week ended July 30, into the week ending August 6. On August 6, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,342 million, a decrease of $93 million for the week. 1/ Net of $863 million, daily average, iratched sale-purchase transactions outstanding during the statement week. 2/ Excludes $3,453 million of securities sold, and scheduled to be bought back, """ under matched sale-purchase transactions, 3/ Includes $91 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $5 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. * Less than $500,000 ** Estimated (Dallas District). Digitized for FRASER http://frase*r.*s*tl oEusistfeidm.aotrge/d (Treasury's Figures). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION 07 ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 6, July 30, August 7, A S S E SS ** 1975 1975 1974 Gold certificate account 11,608 12 + 148 Special Drawing Rights certif. acctv * 500 —— + 100 Cash (1,666) 339 + 7 + 93 Loans 117 - 30 -2,772 Acceptances—Bought outright 664 9 + 449 Held under repurchase agreements -- - 37 —— Federal Agency obligations—Bought outright 5,083 —— +1,501 Held under repurchase agreements - 53 -- U.S. Government securities: Bought outright—Bil^s 31,415 -3,206 -4,485 Certificates —Special 965 + 965 + 965 Notes 42,886 - «• +3,105 Bonds 4,522 — +1,664 Total bought outright 11//22// 79,788 -2,241 +1,249 Held under repurchase agreements -- - 899 -- Total U.S. Government securities 79,788 -3,140 +1,249 Total loans and securities 85,652 -3,269 + 427 Cash items in process of collection (1,431) 7,638 +1,096 - 578 Bank premises 300 -- + 57 Operating Equipment 2 " - + 2 Other assets 3_/ 2,926 10 +1,609 TOTAL ASSETS (3,097) 108,965 -2,188 +1,858 L I A B I L I T I ES Federal Reserve notes (1,666) 73,066 + 533 +6,710 Deposits: Member bank-reserves account 27,001 -1,317 -2,337 U.S. Treasury-general account *** -1,386 -1,891 Foreign 259 - 25 2 Other 4/ 665 + 91 10 Total deposits 27,925 -2,637 -4,240 Deferred availability cash items (1,431) 5,079 + 360 - 477 Other liabilities and accrued dividends 983 94 - 180 TOTAL LIABILITIES (3,097) 107,053 -1,838 +1,813 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 103 - 351 40 Contingent liability on acceptances purchased, for foreign correspondents *1,064 * Figures in parentheses are the eliminations made in the consolidating process. y Excludes $453 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. y Includes $91 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reservf Banks. Includes assets denominated in foreign currencies. l! Includes $5 million of certain deposits of, foreign-owned banking institutions held with member banks and redeposifed 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 (Dallas District). *** Less than $500,000. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES - AliniTST 6 1975 (Acceptances and securities held under repurchase agreements are classified as U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings 1 Weekly Holdings 1 Weekly 1changes 1changes Within 15 days 95 95 5,396 + 628 mm - 79 16 days to 90 days 22 380 14,957 -9,502 314 + 38 91 days to 1 year —— 189 20,736 - 266 520 - 12 Over 1 year to 5 years - - —— 28,366 — — 2,544 Over 5 years to 10 yeaye —«• 7,137 — — 1,187 + 43 Digitized for FRASERO ver 10 years • • -- 3,196 518 - 43 http://fraser.stlouisfed.orTgo/ tal 117 66? 79,788 -3,140 5,083 ru Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 6, 1975 H.4.1(b) New Phila- Cleve- Rich- St. Minne- Kansas * San Total York delphia land mond Atlanta I Chicago Louis apolis City Dallas [Francisco. (In millions of dollars) A S S E TS G S o p l e d c i c a e l r t D i r f a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11, 5 6 0 0 0 8 53 2 0 4 3,3 1 3 2 9 4 6 3 6 1 8 8 4 8 3 8 9 4 8 5 1 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,32 5 7 9 F O . t R h . e r n o c t as e h s of other banks 1,6 33 6 9 6 11 2 3 1 37 2 8 4 8 1 5 0 4 8 5 4 1 3 3 4 1 2 5 9 0 0 3 6 6 7 3 2 8 9 4 1 5 1 3 2 8 8 8 1 4 7 31 3 3 4 Loans 117 2 1 -- 22 30 17 4 24 8 5 3 Acceptances: Bought outright 664 664 Held under repurchase agreements Fed B e o r u a g l h t A o g u e t n r c i y g h o t b ligations-- 5,083 236 1,220 298 401 411 265 766 194 111 208 260 7iy Held under repurchase agreements mm mm — W — — - - - - -- U.S. Government securities: Bou B g i h l t l s o utright— 31,415 1,460 7,539 1,845 2,482 2,539 1,640 4,732 1,197 686 1,284 1,606 4,405 C B N e o o r n t t e d s s i ficates — Special 42 4 , , 8 9 5 8 6 2 6 5 2 1,9 2 9 1 4 0 10 1 , , 9 0 2 6 8 9 5 5 2 2,5 2 1 6 8 6 3,3 3 8 5 9 7 3,4 3 6 6 5 6 2,2 2 3 3 9 6 6,4 6 6 8 0 1 1,6 1 3 7 4 2 93 9 7 9 1,7 1 5 8 3 5 2 2 , 31 1 92 6,0 6 1 3 3 4 Total bought outright 1/2/ 79,788 3,664 19,881 4,629 6,228 6,370 4,115 11,873 3,003 1,722 3.222 4,029 11,052 Held under repurchase agreements Total U.S. Government securities 79,788 3*664 19,881 4,629 6.228 6,370 4,115 11,873 3,003 1J22 37222 47029 11,052 Total loans and securities 85,652 3,901 21,767 4,928 6,629 6,803 4,410 12,656 3,201 1,857 3,438 4,294 11,768 B C a a n s k h p it r e e m m s is e i s n process of collection 9,0 3 6 0 9 0 36 8 1 1 1,49 1 2 9 2 4 7 5 9 44 2 4 6 1,28 17 6 93 1 0 4 1,29 1 3 5 43 1 1 3 42 3 2 3 80 17 2 51 12 0 819 8 O O I t p n h e t e r e r a r t d a i i s n s s g t e r t E i s q c u t i 3 p s / m e e t n t t l ement account 2,9 -0 2 2 6 - - 13 6 7 9 + 1 1 , 0 7 4 8 7 2 - 33 9 9 3 + 6 1 1 1 2 1 - 2 1 3 2 2 0 - 30 8 0 1 + 90 2 5 1 5 + 51 5 5 - 11 3 0 5 2 5 0 8 9 - 7 1 527 + 18 2 2 31 TOTAL 112.062 4.963 29.036 5.800 6.114 17.034 4,287 4,609 4,902 14,741 1/ Excludes $453 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $91 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 37 Includes assets denominated in foreign currencies. * Estimated (Dallas District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis i

H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 6, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City DDaallllaass Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes Deposits: 74,732 3,669 18,700 4,493 6,447 6,787 3,836 11,840 3,138 1,517 2,722 2,824 8,759 Member bank reserves U F . o S r . e i T g r n easury—general account 27,00 * 1 8 * 6 0 * 8,023 9 * 2 8 1,78 * 1 1,1 * 1 6 1,6 * 0 0 3,8 * 3 7 7 * 3 6 5 * 1 8 1,05 * 9 1,5 * 9 0 4,95 * 3 Other 2/ 259 9 1/ 95 11 19 12 17 34 8 5 9 12 28 Total deposits 665 574 1 16 27 9 2 2 2 14 18 O D t e h f e e r r r l e i d a a b v i a l i i l t a i b e i s l i a t n y d c a a c s c h ur e i d t ems 27 6 , , 9 5 2 1 5 0 3 8 0 6 6 9 8, 9 6 1 9 8 2 2 9 1 3 7 9 1, 3 80 9 1 4 1 1, , 0 1 6 4 9 4 1, 4 6 3 4 6 4 3, 8 8 8 8 1 0 3 7 0 4 3 6 3 5 9 2 8 5 . 1 , 6 0 9 7 9 0 1, 3 6 1 1 0 6 4, 5 9 7 9 9 9 di T v O i T d A e n L d I s A BILITIES 110,1 9 5 83 0 4,88 4 9 5 28,5 2 5 4 1 1 5,70 6 9 0 8,71 7 5 3 9,07 7 5 5 5,96 5 7 1 16,7 1 3 3 8 7 4,22 3 2 5 2,46 2 2 2 4,52 3 9 8 4,7 4 9 6 6 14,4 1 9 6 7 0 CAPITAL ACCOUNTS C O S a t u p h r i e p r t T l a O u c l s T a A p p L a i i t L d a I l A B i n I a L c I co T u I n E t S s AND 9 8 10 9 1 3 7 2 3 3 4 5 5 2 2 3 3 1 5 2 8 4 4 2 2 7 8 7 9 0 8 5 5 2 0 8 6 7 9 7 1 1 1 3 4 1 8 1 7 3 3 0 1 4 2 2 2 3 2 3 3 4 7 9 4 5 9 0 7 1 1 1 1 1 2 6 6 CAPITAL ACCOUNTS 112.062 4,963 29,036 5.800 8.882 9.185 6.114 17.034 4,287 . 2.509 4.609 4.902 14.741 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,090 3,869 19,629 Collateral for F.R. notes: 3,284 1,578 2,861 2,977 9,280 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 c i s a n t g e R a i c g c h o t u s n t c ertif. acct. 11, 3 5 0 9 2 6 5 2 3 4 0 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 . 4 2 1 2 9 1,3 5 2 9 7 U.S. Government securities Total collateral - M * 2 * ? • }$ 1 * 5 ! 1 % 803 6;180 4,050 11,400 a 2. :a 92 w 0 i 1 t . a 41 * 0 t 2.500 2.585 3 8 3 .2 E 00 y After deducting $164 million participations of other Federal Reserve Banks. 4°i^1!'0n i:0f,Certain deposits of foreign-owned banking institutions held with member banks ** "d redeposited infull with Federal Reserve System's program of credit restraint. ** Estimated (Dallas District). * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis