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 14, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 13, August 6, August 14, August 13, and related items 1975** 1975 1974 1975** Reserve Bank credit; (In millions of dollars) U.S. Government securities-- 1/ 2/3/ Bought outright--System account 79,907 -1,506 80,745 Held under repurchase agreements Special Certificates 231 + 231 399 Federal Agency obligations-- Bought outright 5,083 +1,501 5,083 Held under repurchase agreements Acceptances-- Bought outright 662 16 + 444 657 Held under repurchase agreements * Loans-- Total member bank borrowing 178 + -2,863 541 Includes seasonal borrowing of: 35 + - 125 36 Other borrowing Float 1,793 + 256 - 225 2,060 Other F.R. assets 3.222 ± 5 +1.698 3.287 Total Reserve Bank credit 91,077 -1,259 + 791 92,772 Gold stock 11,603 14 + 36 11,602 Special Drawing Rights certif. acct. 500 + 100 500 Treasury currency outstanding 9.704 + 21 + 751 9.710 112,884 -1,251 +1,678 114,584 Currency in circulation *** 82,041 + 544 +7,125 82,300 Treasury cash holdings *** 370 + 96 370 Treasury deposits with F.R. Banks 209 - 996 -1,666 * Foreign deposits with F.R. Banks 271 6 + 2 293 Other deposits with F.R. Banks 4_/ 607 55 - 268 594 Other F.R. liabilities and capital 2.941 - 167 - 166 2.989 86,438 - 681 +5,123 86,546 Member bank reserves: With Federal Reserve Banks 26,446 - 569 -3,444 28,038 Currency and coin 7.659 + 111 + 613 7.659 Total reserves held 34,105 - 458 -2,831 35,697 Required reserves 34,155 - 190 -2,668 34,155 Excess reserves - 50 - 268 - 163 1,542 NOTE: A net of $141 million of surplus reserves were eligible to be carried forward from the week ended August 6, into the week ending August 13. On August 13, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,039 million, a decrease of $303 million for the week, 1/ Net of $1,815 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $965 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $123 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). *** 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 (In millions of dollars) Wednesday Change since August 13, August 6, August 14, a s s e ts 197S ** 1975 1974 , Gold certificate account 11,602 6 + 142 Special Drawing Rights certif. acct. 500 — — + 100 Cash (1,663) 357 + 18 + 154 Loans 541 + 424 -2,379 Acceptances--Bought outright 657 7 + 442 Held under repurchase agreements Federal Agency obligations--Bought outright 5,083 +1,501 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 33,337 +1,922 -4,245 Certificates- Special 399 - 566 + 399 Notes 42,886 -- +3,105 Bonds 4,522 — — +1,664 Total bought outright 1/2/ 81,144 +1,356 + 923 Held under repurchase agreements Total U.S. Government securities 81,144 +1,356 + 923 Total loans and securities 87,425 +1,773 + 487 Cash items in process of collection (1,532) 7,171 - 535 -1,078 Bank premises 301 + 1 + 56 Operating Equipment 2 — «* + 2 Other assets 3/ 2,984 + 58 +1,689 TOTAL ASSETS (3,195) 110,342 +1,309 +1,552 L I A B I L I T I ES Federal Reserve notes (1,663) 73,317 + 251 +6,744 Deposits: Member bank-reserves account 28,038 +1,037 -1,998 U.S. Treasury—general account *** *** -1,969 Foreign 293 + 34 + 45 Other 4/ 594 - 71 - 335 Total deposits 28,925 +1,000 -4,257 Deferred availability cash items (1,532) 5,111 36 - 783 Other liabilities and accrued dividends 978 5 - 182 TOTAL LIABILITIES (3,195) 108,331 +1,210 +1,522 c a p i t al a c c o u n ts Capital paid in 912 + 31 Surplus 897 — «* + 53 Other capital accounts 202 + 99 - 54 Contingent liability on acceptances purchased, for foreign correspondents — — -1,131 ** LiiLeLdin(DanashDistrict)'he made in the consolidating process. *** Less than $500,000. - Excludes $965 million of securities sold, and scheduled to be bought back under matched sale-purchase transactions. * 2/ Includes $123 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 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 nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. AUGUST 13, 1975 (Acceptances and securities held under repurchase agreements are classified as uiauuA JLUK WJL LUJLn aavs in accordance tn th maximum maturity of the agreements.^ U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings IWeekly Holdings I Weekly Ichanges [changes Within 15 davs C17 16 days to 90 days 24 391 14,046 911 199 -115 91 days to 1 year 177 20,452 284 520 Over 1 year to 5 years 28,366 2,544 Over 5 years to 10 years 7,137 1,187 Over 10 years D ht i t g p i : t / iz /f e ra d s f e o r r . s F tl R o A ui S sf E e R d. org T / o tal 541 W? 81 3 , ,1 1 9 4 6 4 +1,356 5,0 5 8 1 3 8 Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 13, 1975 H.4.1(b) New I Phila- Cleve- Rich- 1 St. Minne- | Kansas 1 * 11 SSaann Total Boston York I delphia land mond Atlanta Chicago 1 Louis apolis 1 Citv 1 1 Dallas(( FFrraanncciissccoo,, (In millions of dollars) A S S E TS Gold certificate account 11,602 530 3,333 668 888 981 611 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 1,663 106 373 75 73 135 294 92 33 42 41 95 304 Other cash 357 21 26 11 47 37 52 37 31 12 29 17 37 Loans 541 2 339 11 — 8 31 73 9 30 10 25 3 Acceptances: Bought outright 657 — 657 — — — -- — -- -- Held under repurchase agreements Federal Agency obligations- Bought outright 5,083 236 1,220 298 401 411 265 766 194 111 208 260 713 Held under repurchase agreements U.S. Government securities: Bought outright- Bills 33,337 1,550 8,000 1,958 2,634 2,694 1,741 5,021 1,270 728 1,362 1,704 4,675 Certificates: Special 399 399 wee —— — — — — - - — — — — -- 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/ 81,144 3,754 19,776 4,742 6,380 6,525 4,216 12,162 3,076 1,764 3,300 4,127 11,322 Held under repurchase agreements Total U.S. Government securities 81,144 3,754 19,776 4,742 6,380 6,525 4,216 12,162 3,076 1.764 3,300 4,127 11,322 Total loans and securities 87,425 3,992 21,992 5,051 6,781 6,944 4,512 13,001 3,279 1,905 3,518 4,412 12,038 Cash items in process of collection 8,703 405 1,279 238 448 1,283 713 1,160 450 420 731 564 1,012 Bank premises 301 81 19 45 26 17 14 16 13 33 17 12 8 Operating Equipment 2 2 mm mm w * • • — •» —— - - — — Other assets 3/ 2,984 70 1,781 97 116 137 87 220 56 37 62 77 244 Interdistrict"settlement account -0- - 304 + 455 - 488 + 369 - 265 - 163 + 713 + 50 - 55 - 152 - 342 + 182 TOTAL U3.537 4,935 29.384 5,728 6,791 9,314 6r148 17-086 4,381 2,610 4,683 5,276. 15,211 * Estimated (Dallas District). 1/ Excludes $965 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $123 million securities loaned--£ully 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 AUGUST 13, 1975 New Phila- Cleve- Rich- St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Loui s apolis City Dallas* Francisco (In millions of dollars) L I A B I L I T I ES Federal Reserve notes Deposits: 74,980 3,703 18,727 4,492 6,473 6,792 3,850 11,923 3,143 1,520 2,731 2,837 8,789 Member bank reserves U.S. Treasury—general account 28,0 * 3 8 774 8,38 * 0 882 1,663 1,225 1,644 3,838 807 612 1,131 1*805 5,277 Foreign Other 2/ 293 10 1/ 103 12 22 14 20 40 9 6 11 14 32 Total deposits 594 1 495 2 1 14 27 10 1 2 2 13 26 Deferred availability cash items 28,925 785 8,978 896 1,686 1,253 1,691 3,888 817 620 1,144 1,832 5,335 Other liabilities and accured 6,643 309 935 185 382 1,079 402 829 318 399 687 450 668 dividends TOTA LIABILITIES 978 50 233 58 74 72 54 136 35 22 37 47 160 111,526 4,847 28,873 5,631 8,615 9,196 5,997 16,776 4,313 2,561 4,599 5,166 14,952 CAPITAL ACCOUNTS Capital paid in Surplus 912 35 232 42 80 52 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 202 8 44 13 18 16 11 31 7 4 8 11 31 CAPITAL ACCOUNTS 113.537 4,925 29.384 5.728 8.791 9.314 6.148 17.086 4.381 2.610 4.683 5.276 15.211 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 78,268 3,896 19,621 4,597 6,651 7,026 4,263 12,147 3,297 1 ,579 2,879 2,988 9,324 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 i a g cc h o t u s n c t ertif. acct. 11, 3 5 0 9 2 6 5 2 3 4 0 33,,33 11 22 22 99 44 668 888 980 66 22 11 88 11 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 T . o S t . a l G o c v o e l r l n a m t e e n r t al securities 6 8 9 0 . , 0 90 0 3 5 3 3 , , 4 9 0 5 0 4 1 19 6 , , 8 3 0 5 3 0 4 4 . , 8 15 1 0 8 -—°iH17#V- —/ 6 7, , 1i 1 9 8 V 0 A n 4 4, , 6 0 3 0 2 0 . , _ 1 1 1 3 , r 4 16 0 8 0 —1* 2, 3 9 8 2 9 0 - . 1 1 4 , 6 1 2 0 6 ^500 3,n?6 - 9 8 , , 5 2 8 0 6 0 i/ After deducting $190 million participations of other Federal Reserve Banks. ** Estimated (Dallas District). * Less than $500,000. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis