H.4.1 Factors Affecting Reserve Balances of Depository Institutions

life, FEDERAL RESERVE • o; Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 21, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 20, August 13, [August 21, August 20, and related items 1975* 1975 I 1974 1975* Reserve Bank credit: 1/ (In millions of dollars) 1/3/ U,S. Government securities-- Bought outright--System account 81,403 4-1 ,496 4- 265 81,063 Held under repurchase agreements 368 + 368 - 67 2,580 Special Certificates 206 - 25 4- 206 Federal Agency obligations-- Bought outright 5,083 —— +1,501 5,083 Held under repurchase agreements 15 + 15 - 224 106 Acceptances-- Bought outright 664 + 2 4- 430 662 Held under repurchase agreements 10 + 10 68 63 Loans-- Total member bank borrowing 204 + 26 -3,233 646 Includes seasonal borrowing of: 35 •— - 131 39 Other borrowing —— - - -- —— Float 1,920 + 82 20 2,252 Other F.R. assets 2.684 - 541 +1.770 2.604 Total Reserve Bank credit 92,558 +1 ,433 + 560 95,059 Gold stock 11,602 - 1 + 35 11,600 Special Drawing Rights certif. acct. 500 • • + 100 500 Treasury currency outstanding 9.715 + 11 + 760 9.715 114,375 4-1 ,444 +1,455 116,874 Currency in circulation ** 82,032 11 +7,160 82,086 Treasury cash holdings ** 370 — — + 91 370 Treasury deposits, with F.R. Banks 299 + 90 -2,148 660 Foreign deposits with F.R. Banks 302 + 31 - 126 333 Other deposits with F.R. Banks 4/ 583 - 24 - 250 554 Other F.R. liabilities and capital 3.060 + 119 - 202 3,148. 86,645 + 204 +4,524 87,151 Member bank reserves: With Federal Reserve Banks 27,729 4-1 ,238 -3,070 29,723 Currency and coin 6,917 - 742 + 560 6.917 Total reserves held 34,646 + 496 -2,510 36,640 Required reserves 34,422 + 267 -2,525 34,422 Excess reserves 224 + 229 + 15 2,218 NOTE: A net of $25 million of surplus reserves were eligible to be carried forward from the week ended August 13, into the week ending August 20. On August 20, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,744 million, an increase of $705 million for the week. 1/ Net of $307 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $647 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $105 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. * Estimated (San Francisco District). Digitized for FRASER ** Estimated Treasury*s Figures. http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since August 20, August 13, August 21, A S S E TS 1975 ** 1975 1974 Gold certificate account 11,600 - 2 + J. 40 Special Drawing Rights certif. accts. * 500 - - + 100 Cash (1,748) 355 - 2 + 147 Loans 646 + 105 -2,467 Acceptances--Bought outright 662 + 5 + 412 Held under repurchase agreements 63 + 63 2 Federal Agency obligations—Bought outright 5,083 —— +1,501 Held under repurchase agreements 106 + 106 - 231 U.S. Government securities: Bought outright--Bills 33,655 + 318 -5,174 Certificates - Special -- - 399 -T Notes 42,586 - 300 +3,004 Bonds 4,922 + 300 +1,765 Total bought outright 1/2:/ 81,063 - 81 - 405 Held under repurchase agreements 2,580 4-2 ,580 +2,151 Total U.S. Government securities 83,643 +2 499 +1,746 a Total loans and securities 90,203 +2 ,778 + 959 Cash items in process of collection (1,650) 7,448 + 256 - 574 Bank premises 303 + 2 + 58 Operating Equipment 2 + 2 -- Other assets 3/ 2,299 - 702 +1,426 TOTAL ASSETS (3,398) 112,710 +2 ,330 +2,256 L I A B I L I T I ES Federal Reserve notes (1,748) 73,096 238 +6,778 - Deposits: Member bank-reserves account 29,723 +1,685 -2,057 U.S. Treasury—general account 660 + 660 -1,796 Foreign 333 + 40 + 30 Other 4/ 554 - 40 - 184 Total deposits 31,270 +2,345 -4,007 Deferred availability cash items (1,650) 5,196 + 64 - 371 Other liabilities and accrued dividends 1,034 + 56 - 159 TOTAL LIABILITIES (3,398) 110,596 +2 ,227 +2,241 c a p i t al a c c o u n ts Capital paid in 912 + 31 —- Surplus 897 -- + 53 Other capital accounts 305 + 103 67 Contingent liability on acceptances purchased, for foreign correspondents -1,171 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (San Francisco District). 1/ Excludes $647 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $105 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Barics. Includes assets denominated in foreign currencies. 1/ Includes $5 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full with Federal Reserve Baric s in connection with voluntary participation by nonmember institutions in the Federal Reserve System's program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. ATTCITST 70 1Q7^ 1 (Acceptances and securities %eld under repurchase agreements are classified as maturing within 15 days in accordance t dth maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings IWeekly Holdings Weekly 1changes changes Within 15 days 639 158 6,225 -1,722 257 +142 16 days to 90 days 7 399 17,111 +3,065 163 - 36 91 days to 1 year -- 168 21,410 + 958 520 tm mm Over 1 year to 5 years -- -- 29,708 +1,342 2,544 Over 5 years to 10 years -- • 5,693 -1,444 1,187 mm «• Over 10 years -- 3,496 + 300 518 mm mm Total 646 725 83,643 +2,499 5,189 +106 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 20, 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) A S S E TS Gold certificate account 11,600 530 3,331 668 888 981 611 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 1,748 110 371 86 82 160 303 95 40 46 40 74 341 Other cash 355 21 28 11 51 36 49 33 29 14 29 17 37 Loans 646 91 15 178 12 38 32 39 62 10 9 6 154 Acceptances: Bought outright 662 -- 662 -- -- -- — -- -- Held under repurchase agreements 63 — 63 — -- -- -- -- -- -- Federal Agency obligations-- Bought outright 5,083 236 1,220 298 401 411 265 766 194 111 220088 260 713 Held under repurchase agreements 106 — 106 — — -- -- — — — -- -- -- U.S. Government securities: Bought outright- Bills 33,655 1,565 8,077 1,976 2,659 2,719 1,757 5,070 1,282 736 1,375 1,720 4,719 Certificates — — — — — — — - — — -- — — — - - - - Notes 42,586 1,980 10,220 2,501 3,365 3,441 2,223 6,415 1,622 930 1,741 2,177 5,971 Bonds 4,822 224 1,157 283 381 390 252 726 184 105 197 247 676 Total bought outright 1/2/ 81,063 3,769 19,454 4,760 6,405 6,550 4,232 12,211 3,088 1,771 3,313 4,144 11,366 Held under repurchase agreements 2,580 — ** 2,580 wm mm * w — — — — wm • * — —— —— -- —— Total U.S. Government securities 83,643 3,769 22,034 4,760 6,405 6,550 4,232 12,211 3,088 1,771 3,313 4,144 11,366 Total loans and securities 90,203 4,096 24,100 5,236 6,818 6,999 4,529 13,016 3,344 1,892 3,530 4,410 12,233 Cash items in process of collection 9,098 368 1,277 253 459 1,317 776 1,213 436 433 763 649 1,154 Bank premises 303 82 19 45 26 18 14 16 13 33 17 12 8 Operating Equipment 2 — 2 — — —— —— —— — -- -- • -- - - Other assets 3/ 2,299 43 1,582 56 65 73 57 122 33 21 37 43 167 Interdistrict settlement account -0- - 76 - 858 - 496 + 474 - 170 - 45 + 992 + 133 + 29 - 184 - 340 + 541 TOTAL 116,109 5,198 29,974 5,990 9,906 9,459 6,322 17,334 4.497 2.684 4.669 5,306 15.867 * Estimated (San Francisco District). V Excludes $647 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $105 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 OP EACH FEDERAL RESERVE BANK ON AUGUST 20, 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 F D e e d p e o r s a i l t R s: eserve notes 74,844 3,684 18,707 4,482 6,466 6,790 3,803 11,916 3,133 1,516 : 2,717 2,824 8,806 Member bank reserves 29,723 1,052 8,242 1,031 1,784 1,361 1,829 4,044 912 685 1,136 1,793 . 5,854- U.S. Treasury—general account 660 * 660 * * * * * * * * * * Foreign 333 10 1/ 137 13 23 15 20 41 9 6 11 15 33 Other 2/ 554 1 467 2 -- 12 28 15 • •* 2 2 11 14 Total deposits 31,270 1,063 9,506 1,046 1,807 1,388 1,877 4,100 921 693 1,149 1,819 5,901 Deferred availability cash items 6,846 323 923 203 376 1,081 433 855 337 * 403 677 502 733 Other liabilities and accured dividends 1.034 45 303 56 74 74 53 137 34 21 38 46 153 TOTA LIABILITIES 113,994 5,115 29,439 5,787 . 8,723 9,333 6,166 17,008 4,425 2,633 4,581 5,191 15,593 CAPITAL ACCOUNTS Capital paid in 912 35 232 42 80 52 71 141 31 23 39 50 116 Surplus 897 35 235 42 78 50 69 . 138 30 22 37 49 112 Other capital accounts 305 13 70 19 2? 24 16 47 11 6 12 16 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 116.108 5,198 29,976 5.890 8.906 9.459 6.322 17.334 4.497 2.684 4.669 5.306 15.867 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,325 3,885 19,622 4,593 6,674 7,058 4,263 12,149 3,309 1,579 2,875 2,983 9,335 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. 24 124 28 20 10 18 19 59 Acceptanances U.S. Government securities 69,005 3,400 16.350 4.150 5.910 6.180 4.000 11.400 2^920 2.500 &585 8.200 Total collateral 80-901 T 956 1Q am L gift f\ 7Qft 7 un 4.619 n ifi« 1 \k)k ^93^ 1/ After deducting $196 million participations of other Federal Reserve Banks. 2/ 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. Digitized fo*r LFeRsAsSE tRh an $500,000. http://fras*e*r .Estslotuimisfaetde.dorg/ (San Francisco District). Federal Reserve Bank of St. Louis