H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks * f^AL Rt ^• For immediate release H.4.1 September 4, 1975 Week ended Change from week ended Wednesday Member bank reserves, Sept. 3,* August 27, [September 4, September 3 Reserve Bank credit, and related items 1975 1975 | 1974 1975* 1/ (In r millions of dollars) 2/3/ Reserve Bank credit: U.S. Government securities— Bought outright--System account 81,312 + 116 4- 67 81,251 Held under repurchase agreements 1,410 + 474 +1,224 2,199 Federal Agency obligations— Bought outright 5,396 23 +1,580 5,396 Held under repurchase agreements 106 + 85 + 49 191 Acceptances— Bought outright 681 + 10 + 404 674 Held under repurchase agreements 167 + 86 + 130 233 Loans-- Total member bank borrowing 222 50 -3,684 209 Includes seasonal borrowing of: 51 + 11 - 101 51 Other borrowing 1,562 28 - 217 1,770 Float Other F.R. assets 2.972 + 265 +1.735 2.912 Total Reserve Bank credit 93,827 + 933 +1,287 94,835 11,598 - 2 + 31 11,598 Gold Stock Special Drawing Rights certif. acct. 500 *# + 100 500 Treasury currency outstanding 9.736 + 21 + 763 9.738 115,662 + 953 +2,182 116,671 Currency in circulation ** 81,877 + 266 +6,898 82,372 Treasury cash holdings 370 —— + 68 370 Treasury deposits with F.R. Banks 1,806 + 628 -1,301 804 Foreign deposits with F.R. Banks 300 + 60 71 247 Other deposits with F.R. Banks 4/ 839 + 124 + 37 868 Other F.R. liabilities and capital 3,257 + 61 - 245 2,935 88,448 4-1, 138 +5,386 87,596 Member bank reserves: With Federal Reserve Banks 27,213 186 -3,204 29,075 Currency and coin 7.356 + 275 + 533 7.356 Total reserves held 34,569 + 89 -2,671 36,431 Required reserves 34,223 + 42 -2,695 34,223 Excess reserves 346 47 NOTE: A net of $177 million of surplus reserves were eligible to be carried million, an increase of $754 million for the week. 1/ Net of $883 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $928 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $118 million securities loaned—fully secured by U.S. Governmen with member banks and redeposited in full with Federal Reserve Bank connection with voluntary participation by non-member institutions Federal Reserve System's program of credit restraint. Digitized for FRASER * Estimated (St. Louis and Dallas Districts). http://fraser.stlouisfed.org/ Federal Re*s*e rvEes tBianmka otfe Sdt. L oTuriseasury's Figures.

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since September 3, August 27, September 4, A S S E TS 1975 ** 1975 1Q7A Gold certificate account 11,598 1 + 138 Special Drawing Rights certif. accts * 500 -- + 100 Cash (1,758) 347 - 11 + 143 Loans 209 + 51 -2,998 Acceptances—Bought outright 674 + 3 + 400 Held under repurchase agreements 233 + 233 - 28 Federal Agency obligations--Bought outright 5,396 — +1,592 Held under repurchase agreements 191 + 191 - 210 U.S. Government securities: Bought outright--Bills 33,570 - 513 -5,123 Certificates Notes 42,812 + 226 +3,231 Bonds 4,869 + 47 +1,811 Total bought outright 1/2/ 81,251 - 240 - 81 Held under repurchase agreements 2,199 +2 ,199 + 895 Total U.S. Government securities 83,450 +1 ,959 + 814 Total loans and securities 90,153 +2,437 - 430 Cash items in process of collection (1,422) 7,775 +1 ,385 - 892 Bank premises 306 + 1 + 59 Operating Equipment 2 —— + 2 Other assets J/ 2,604 + 65 +1.613 TOTAL ASSETS (3,180) 113,285 4-3, 876 + 733 L I A B I L I T I ES Federal Reserve notes (1,758) 73,351 + 469 +6,505 Deposits: Member bank-reserves account 29,075 +2 ,206 -2,851 U.S. Treasury-general account 804 - 29 -1,981 Foreign 247 + 15 - 112 Other _4/ 868 + 30 + 91 Total deposits 30,994 +2 ,222 -4,853 Deferred availability cash items (1,422) 6,005 +1 ,467 - 719 Other liabilities and accrued dividends 1.038 + 40 - 260 TOTAL LIABILITIES (3,180) 111,388 +4 ,198 + 673 C A P I T AL A C C O U N TS Capital paid in 914 __ + 34 Surplus 897 — — + 53 Other capital accounts 86 322 - 27 Contingent liability on acceptances purchased, for foreign correspondents -1,194 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $928 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 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. ** Estimated (St. Louis and San Francisco Districts). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. SEPTEMBER 3. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance vf ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligati. ons ances Holdings Weekly Holdings Weekly changes changes Within 15 days 184 343 5,271 +1,358 296 +156 16 days to 90 days 25 369 17,508 + 383 169 + 56 91 days to 1 year —— 195 21,557 + 1 558 - 21 Over 1 year to 5 years — -- 29,815 + 107 2,700 - - Over 5 years to 10 years — - - 5,756 + 63 1,311 —— Over 10 years — — 3,543 + 47 553 —— Total 209 907 83,450 +1,959 5,587 +191 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 3, 1975 H.4.1(b) 1 1 New 1 Phi la- 1 Cleve- I Rich- J 1 St. * J Minne- 1 Kansas 1 * Total Boston York t delvhia 1 land 1 mond I Atlanta 1 Chicago 1 Louis 1 aoolis 1 1 City 1 1 Dallas1 Francisco (In millions of dollars) A S S E TS Gold certificate account 11,598 530 3,329 668 888 981 611 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 1,758 143 333 91 90 158 311 68 29 52 47 66 370 Other cash 347 21 29 10 52 36 47 31 25 14 28 16 38 Loans 209 15 14 4 2 37 51 30 12 29 8 5 2 Acceptances: Bought outright 674 674 w — —* —- -- -- -- — Held under repurchase agreements 233 233 -- — — Federal Agency obligations- Bought outright 5,396 251 1,295 317 426 436 282 813 205 118 220 276 757 Held under repurchase agreements 191 191 U.S. Government securities: " Bought outright- Bills 33,570 1,561 8,056 1,971 2,652 2,713 1,753 5,057 1,278 734 1,372 1,716 4,707 Certificates WW * ** W — —— —' — -- —— -- -- — — Notes 42,812 1,990 10,274 2,514 3,382 3,460 2,235 6,449 1,631 935 1,750 2,189 6,003 Bonds 4,869 226 1,169 286 385 393 254 733 186 106 199 249 683 Total bought outright 1/2J 81,251 3,777 19,499 4,771 6,419 6,566 4,242 12,239 3,095 1,775 3,321 4,154 11,393 Held under repurchase agreements 2,199 2.199 . . mm w . . .. tmm .. - - . . w mm . . - «* •- • • —* • —— — -— - — Total U.S. Government securities 83,450 3,777 21,698 4,771 6,419 6,566 4,242 12,239 3,095 1,775 3,321 4,154 11,393 Total loans and securities 90,153 4,043 24,105 5,092 6,847 7,039 4,575 13,082 3,312 1,922 3,549 4,435 12,152 Cash items in process of collection 9,197 409 1,435 305 546 1,306 843 1,299 420 451 820 628 735 Bank premises 306 83 20 46 26 18 14 16 13 33 17 12 8 Operating Equipment 2 — ## 2 «• — —— «• — * — — — —— — — — Other assets 3/ 2,604 49 1,788 67 80 85 63 147 40 25 41 50 169 Interdistrict settlement account , -0- + 229 -1.703 - 654 + 533 - 43 - 274 +1,167 + 220 - 76 - 114 - 246 + 961 TOTAL 116,4*5 5.531 29-462 5 r 656 9.105 9.625 6,218 17,657 4,528 2.637 4.825 5,402 15.819 1/ Excludes $928 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $118 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (St. Louis and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

8.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 3, 1975 New Phila- Cleve- Rich- * St. Minne- Kansas San Total Boston York delphia land mond Atlanta Chicago Louis apolis City Dallaf Francisco (In millions of dollars) L I A B I L I T I ES F D e e d po e s r i a t l s : R eserve notes 75,109 3,700 18,791 4,464 6,483 6,826 3,813 11,940 3,169 1,512 2,718 2,841 8,852 O D t e U h f F M O e e . o e t r r r S m h l r e b e . U e i e t r l d g o r i T n a l 2 r a b b / e / v i U a a a i l c n s i i P k u A l t U r a i S r y i b e l e v - i t s s q> g l O e 4 e i a r n t n v e y d e r s a a c c l a c s u a h r c e c i d o t u e n m t s 3 2 0 7 9 , , , 2 4 8 9 8 0 4 2 9 6 0 7 7 7 8 4 4 5 1 1 , , 3 3 1 2 5 5 2 2 8 4 8 1 3 6 1 6 7 7 5 / , 8 1 3 9 , , 2 1 7 1 0 4 8 1 2 5 0 2 8 7 3 1 2 8 9 2 1 4 0 4 1 1 , , 4 8 7 1 8 1 9 7 0 2 3 7 9 6 4 1 1 1 , , , 4 2 3 1 0 1 6 1 1 3 4 1 5 8 9 1 1 , , 5 6 5 2 7 3 7 1 4 9 1 0 9 5 7 4 4 , , 3 9 1 0 8 3 2 9 5 3 5 0 4 9 0 3 9 8 3 2 8 4 7 4 7 8 2 ' 6 5 4 4 1 6 7 3 3 5 1 4 1 1 1 , , 7 2 1 5 5 3 7 5 8 1 4 1 4 1 1 , , 4 9 8 5 3 4 1 1 6 0 7 9 1 0 7 6 5 , , 0 5 87 2 2 0 9 7 9 4 4 0 0 3 , di m v I A i v r d T n e A A n d L T s I A T B At I I L T I T T I T E T S T PO 114 1 , . 5 0 6 3 8 8 5,45 4 9 7 28, 3 9 0 9 8 4 5,56 5 9 9 . 8,9 7 3 4 9 9,51 7 8 5 6,07 57 0 17,3 1 6 4 8 0 4,46 35 5 2,5 2 9 4 0 4,74 3 5 8 5,2 4 7 8 6 15,5 1 7 3 5 3 CAPITAL ACCOUNTS C O S a t u p h r i e p T t r l iYU a u Vi l c s Hi a u p p Ai i a T t i L a d lT l i i uTi a n i c AL c 1I o IiT u XT n £ t ST s TA TNVDC AUT\ 8 9 8 9 1 6 7 4 3 3 2 5 5 2 2 3 3 1 5 2 4 4 3 2 2 8 7 8 0 8 5 5 0 5 2 6 7 7 9 2 1 1 3 1 4 8 0 1 3 3 2 0 1 2 2 2 2 3 3 3 4 7 9 4 2 5 9 7 0 1 1 1 1 1 5 2 7 CAPITAL ACCOUNTS 116.465 5.531 29.462 5.656 9.105 9.625 6.21S 17,657 4.528 . 2.637 4:825 5.402 15.819 Contingent liability on acceptances purchased for foreign correspondents —— FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 78,532 3,908 19,583 4,574 6,678 7,076 4,287 12,173 3,286 1,575 2,884 2,988 9*520 G A S o c p l c e d e c p i t a c a l e n r a t D n i r c f a e i w c s i a n t g e Ri a g cc h o t u s n t c ertif. acct. 11, 3 5 • 0 9 2 6 w 5 2 3 4 0 3,3 1 2 2 9 4 668 888 980 66 22 11 88 11 1,768 44 22 44 00 99 20 1 6 0 41 1 8 8 42 1 2 9 1,3 5 2 9 7 U.S. Government securities 3.400 16.350 Total collateral 6i ]m 3,954 19,Add M00 iU O 00 Total collateral I ai,20J | J,9b4 14.664 4:6l6 6:769:k7 9?6: l6A 6 7 . . 1 16 8 0 0 4:4 4 6. . 36 0 43 0 9 0 1 1 3 1 . . 1 4 6 0 8 0 3 2 . . 3 9 8 2 9 0 2 2 , . 9 5 3 0 6 0 4 #- 1/ After deducting $145 million participations of other Federal Reserve Banks. * Estimated (St. Louis and Dallas Districts). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis