H.4.1 Factors Affecting Reserve Balances of Depository Institutions

Of QOVf • FEDERAL RESERVE Faqtors Affecting Bank Reserves and Condition Statement of F.R. Banks a. 4.1 For immediate release August 28, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, August 27, August 20, August 28, August 27, and related items 1975 1975 1974 1975 Reserve Bank credit: 1/ (In millions of <3L ollars) 2/3/ U.S. Government securities-- Bought outright--System account 81,196 - 207 + 132 81,491 Held under repurchase agreements 936 + 568 + 634 -- Special Certificates -- - 2Q6 -- Federal Agency obligations— Bought outright 5,419 + 336 +1,837 5,396 Held under repurchase agreements 21 + 6 - 207 -- Acceptances-- Bought outright 671 + 7 + 401 671 Held under repurchase agreements 81 -h 71 - 34 * Loans-- Total member bank borrowing 272 + 68 -3,261 158 Includes seasonal borrowing of: 40 + 5 - 121 40 Other borrowing -- - - - - -- Float 1,577 - 361 - 268 1,852 Other F.R. Assets 2.707 + 23 +1.562 2.846 Total Reserve Bank credit 92,881 + 305 + 795 92,414 Gold stock 11,600 - 2 + 33 11,599 Special Drawing Rights certif. acct. 500 - - + 100 500 Treasury currency outstanding 9.715 - - + 754 9.715 114,696 + 303 +1,682 114,228 Currency in circulation ** 81,611 - 413 +6,998 81,870 Treasury cash holdings ** 370 -- + 89 370 Treasury deposits with F.R. Banks 1,178 + 879 -2,013 833 Foreign deposits with F.R. Banks 240 - 62 67 232 Other deposits with F.R. Banks 4/ 715 + 132 64 838 OOtthheerr FF..RR.. lliiaabbiilliittiieess aanndd ccaappiittaall 3.196 + 136 - 194 3.217 87,310 + 673 +4,749 87,360 Member bank reserves: With Federal Reserve Banks 27,386 - 369 -3,066 26,869 Currency and coin 7.081 + 164 + 467 7.081 Total reserves held 34,467 - 205 -2,599 33,950 Required reserves 34,181 - 241 -2,739 34,181 Excess reserves 286 + 36 + 140 - 231 NOTE: A net of $96 million of surplus reserves were eligible to be carried forward from the week ended August 20, into the week ending August 27. On August 27, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,476 million, a decrease of $268 million for the week. JL/ Net of $558 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2J Excludes $530 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. * Less than $500,000. Digitized for FRASER ** Estimated (Treasury's Figures). 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 27, August 20, August 28, A S S E TS 1975 .1 975 1974 , Gold certificate account 11,599 I + 139' 1 Special Drawing Rights certif. acct. 500 —— + 100 Cash (1,869) 358 + 3 + 134 Loans 158 - 488 -3,275 Acceptances--Bought outright 671 + 9 + 396 Held under repurchase agreements ** - 63 - 133 Federal Agency obligations--Bought outright 5,396 + 313 +1,814 Held under repurchase agreements — - 106 - 340 U.S. Government securities: Bought outright--Bills 34,083 + 428 - 692 Certificates - - m ## Notes 42,586 +3,004 Bonds 4.822 •• +1.765 Total bought outright 1/2/ 81,491 + 428 +4,077 Held under repurchase agreements — — -2 ,580 - 187 Total U.S. Government securities 81.491 -2 ,152 +3.890 Total loans and securities 87,716 -2 ,487 +2,352 Cash items in process of collection (1,723) 6,390 - 907 - 848 Bsnk premises 305 + 2 + 60 Operating Equipment 2 —*» + 2 Other assets 3/ 2,539 + 240 +1.672 TOTAL ASSETS (3,592) 109,409 -3 ,150 +3.611 L I A B I L I T I ES Federal Reserve notes (1,869) 72,882 158 +6,449 Deposits: Member bank-reserves account 26,869 -2 ,854 + 29 U.S. Treasury-general account 833 + 173 -2,117 Foreign 232 - 101 - 92 Other 4/ 838 + 284 + 115 Total deposits 28,772 -2, ,498 -2,065 Deferred availability cash items (1,723) 4,538 563 - 561 Other liabilities and accrued dividends 998 - 36 - 218 TOTAL LIABILITIES (3,592) 107,190 -3, ,255 +3,605 C A P I T AL A C C O U N TS Capital paid in 914 + 2 + 32 Surplus 897 -- + 53 Other capital accounts Ana Contingent liability on acceptances purchased, for foreign correspondents -1,182 * Figures in parentheses are the eliminations made in the consolidating process. IV Excludes $530 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, 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. ** Less than $5Q0,000. MATURITY DISTRIBUTION,' OF LOANS AND SECURITIES. AUGUST 27. 1975 (Acceptances and securities held under repurchase agreements are classified gs 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 153 104 3,913 -2,312 140 16 days to 90 days 5 395 17,125 + 14 113 91 days to 1 year 172 21,556 + 146 579 Over 1 year to 5 years 29,708 2,700 Over 5 years to 10 years 5,693 1,311 Over 10 years 3,496 553 Total 158 671 81,491 -2,152 57396 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 27, 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 11,599 530 3,330 668 888 981 611 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 1,869 137 379 90 90 164 329 106 39 51 47 75 362 Other cash 358 22 32 10 52 36 48 32 28 14 28 16 40 Loans 158 6 12 6 3 10 45 27 4 30 7 6 2 Acceptances: Bought outright 671 —- 671 —— — «• mm mm -»•— mmmm — mm-mm Held under repurchase agreements * -- * -- — —— *** —— — w •B* • Federal Agency obligations- Bought outright 5,396 251 1,295 317 426 436 282 813 205 118 220 7M 757 Held under repurchase agreements — — —- —— — — - mm* — w U.S. Government securities: Bought outright- Bills 34,083 1,584 8,179 2,001 2,693 2,754 1,780 5,134 1,299 745 1,393 1,742 4,779 Certificates -- -- —- -- —— —— mmmm mm • mmmt- mm mm 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 Total bought outright 1/2/ 81,491 3,788 19,556 4,785 6,439 6,585 4,255 12,275 3,105 1,780 3,331 4,166 11,426 Held under repurchase agreements — — —- — —— — * • « mmm •• Total U.S. Government securities 81.491 3,788 19,556 4,785 6,439 6,585 4,255 12,275 3.105 1.780 3,331 4,166 11,426 Total loans and securities 87,716 4,045 21,534 5,108 6,868 7,031 4,582 13,115 3,314 1,928 3,558 4,448 12,185 Cash items in process of collection 8,113 328 1,027 239 428 1,216 661 1,094 396 420 769 Ml 874 Bank premises 305 82 20 46 26 18 14 16 13 33 17 12 8 Operating Equipment 2 — 2 —— — "» —— «*» • mmmm «* ** Other assets 3/ 2,539 45 1,763 64 72 83 58 141 38 24 40 46 165 Interdistrict settlement account -0- - 116 - 132 - 539 + 616 - 76 - 70 + 818 + 96 - 9 - 130 - 552 + 94 TOTAL 113,001 5,097 28,079 5,717 9,083 9,498 6,261 17,169 4,393 2,677 4,766 5,147 15,114 If Excludes $530 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. * Ldss than $500,000. 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 27 , 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 Federal Reserve notes 74,751 3,689 18,691 4,458 6,460 6,788 3,813 1111,,990066 3,127 1,509 2,712 2,827 8,771 Deposits: Member bank reserves 26,869 922 6,809 829 1,917 1,264 1,720 3,851 814 631 1,161 1#620 .. 5,331 U.S. Treasury—general account 833 54 5& 67 68 190 70 75 33 49 70 42 59 Foreign 232 10 1/ 55 11 21 13 18 37 8 6 10 13 30 Other 2/ 838 2 753 2 1 10 29 12 1 1 2 10 15 Total deposits 28,772 988 7,673 909 2,007 1,477 1,837 3,975 856 687 1,243 1,685 5,435 Deferred availability cash items 6,261 286 906 183 349 1,024 395 805 298 ' 404 680 466 465 Other liabilities and accured dividends 998 47 246 58 75 75 55 141 36 24 39 48 154 TOTA LIABILITIES 110,782 5,010 27,516 5,608 . 8,891 9,364 6,100 16,827 4,317 2,624 4*674 5,026 14,825 CAPITAL ACCOUNTS Capital paid in 914 35 232 42 80 52 71 141 31 23 3S 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 4# 112 Other capital accounts 408 17 96 25 34 32 21 63 15 8 16 21 60 TOTAL LIABILITIES ARB CAPITAL ACCOUNTS 113.001 5.097 28.079 5.717 9.083 9.496 6.261 17.169 4,393 2-677 4.766 5^147 15,114 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,340 3,915 19,597 4,580 6,669 7,038 4,295 12,165 3,295 1,578 2,878 2,992 9,338 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 — — — - 28 • * 20 10 18 19 59 Acceptanances - - - - -— - - - - — — —— * * — — — — mm mm U.S. Government securities 69.005 3.400 16,350 4,150 5.910 6.180 4.000 11,400 2,920 1,410 2,500 2; 585 8,200 Total collateral 80,903 3,954 19.803 4,818 6.798 7.160 4,63? 3,389 1,626 2,9,16 1,026 4 1% jV After deducting $177 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 System1s program of credit restraint. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis