H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and f*AL RES^ Condition Statement of F.R. Banks H.4.1 For immediate release September 11, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Septi i°» Sept . 3, Sept. 11, Sept. 10, and related items 1975 1975 1974 1975 Reserve Bank credit: 1/ (In millions of c lollars) 2/3/ U.S. Government securities-- Bought outright--System account 81,257 - 55 +1,935 79,839 Held under repurchase agreements - - -1 ,410 Federal Agency obligations-- Bought outright 5,396 mm mm +1,592 5,395 Held under repurchase agreements -- - 106 -- -- Acceptances-- Bought outright 661 - 20 + 392 651 Held under repurchase agreements 1 - 166 + 1 1 Loans-- Total member bank borrowing 385 + 163 -2,699 1,696 Includes seasonal borrowing of: 54 + 3 78 55 Other borrowing Float 2,002 + 474 - 715 1,939 Other F.R. assets 3.000 + 27 +1,710 3.123 Total Reserve Bank credit 92,702 -1,, 091 +2,216 92,644 Gold Stock 11,598 -- + 31 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 9.765 + 29 + 794 9.776 114,566 -1,, 063 +3,142 114,519 Currency in circulation * 82,230 + 358 +6,831 82,477 Treasury cash holdings * 370 —- + 73 370 Treasury deposits with F.R. Banks 1,402 - 404 - 456 405 Foreign deposits with F.R. Banks 351 + 51 11 295 Other deposits with F.R. Banks 4/ 840 + 1 + 108 1,036 Other F.R. liabilities and capital 2.913 - 340 - 213 2.949 88,107 - 333 +6,333 87,532 Member bank reserves: With Federal Reserve Banks 26,459 - 729 -3,190 26,987 Currency and coin 7,599 + 243 + 511 7.599 Total reserves held 34,058 - 486 -2,679 34,586 Required reserves 34,105 - 118 -2,523 34,105 Excess reserves - 47 - 368 - 156 481 NOTE: A net of $170 million of surplus reserves were eligible to be carried forward from the week ended September 3, into the week ending September 10. On September 10, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,051 million, a decrease of $179 million for the week. 1/ Net of $721 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,139 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $85 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 Digitized for FRASER Federal Reserve System's program of credit restraint, http://fraser.stlouisfed.org/ * Estimated (Treasury's Figures). 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 September September September 11, A S S E T! 1W1 1 Gold certificate account 11,599 + 1 + 139 Special Drawing Rights certif. accts. * 500 -- + 100 Cash (1,767) 359 + 9 + 152 1,696 +1,487 - 759 Loans Acceptances--Bought outright 651 - 23 + 388 Held under repurchase agreements 1 - 232 + 1 Federal Agency obligations--Bought outright 5,395 1 +1,591 Held under repurchase agreements -- - 191 -- U.S. Government securities: Bought outright--Bills 32,158 -1,412 -4,159 Certificates Notes 42,812 * mm +3,231 Bonds 4.869 — +1,811 Total bought outright 1/2/ 79,839 „ -1,412 + 883 Held under repurchase agreements -- -2,199 - - Total U.S. Government securities *9,839 -3,611 + 883 Total loans and securities 87,582 -2,571 +2,104 Cash items in process of collection (1,523) 6,663 -1,114 -1,857 Bank premises 306 —— + 60 Operating Equipment 4 + 2 + 4 Other assets 3/ 2.813 + 206 +1,653 TOTAL ASSETS (3,290) 109.826 +3,467 +2,355 L I A B I L I T I ES { Federal Reserve notes 73,430 + 111 +6,347 Deposits: Member bank-reserves account 26,987 -2,088 -2,433 U.S. Treasury-general account 405 - 399 - 882 295 + 48 10 Foreign Other 4_/ 1,036 + 168 + 297 Total deposits 28,723 -2,271 -3,028 Deferred availability cash items (1,523) 4,724 -1,343 - 732 Other liabilities and accrued dividends 966 - 72 - 267 TOTAL LIABILITIES (3,290) 107,843 -3,575 +2,320 C A P I T AL A C C O U N TS Capital paid in 916 + 2 + 34 Surplus 897 -- + 53 Other capital accounts 170 + 106 - 52 Contingent liability on acceptances purchased, for foreign correspondents -1,304 * Figures in parentheses are the eliminations made In the consolidating process. 1/ Excludes $2,139 million of securities sold, and sche4wl#4 to be bought back, under matched sale-purchase transactions. 2/ Includes $85 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 37 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. SEPTEMBER TO. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accoroance *n .cn maximum mmutiuy U 1 W1MS VVIUVMVW • /. U.S. Government Federal Agency LLooaannss Accept- securities obligations ances HHoollddiinnggss Weekly Holdings 1Weekly changes 1 changes Within 15 days 16 days to 90 days 43 360 16,149 -1,359 169 91 days to 1 year 184 21,536 - 21 632 + 74 Over 1 year to 5 years 29,815 — 2,788 + 88 Over 5 years to 10 years 5,756 — 1,253 - 58 Digitized for FR O A v S er E R 1 0 years 9,5# 22 -553 http://fraser.stloui T sf o e t d a .o l r g/ 1,696 652 79,839 -3,611 5,395 -192 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 10, 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 1,767 147 350 90 82 162 281 71 33 47 43 68 393 Other cash 359 22 32 11 52 36 48 31 28 15 28 17 39 Loans 1,696 14 1,514 2 16 50 29 5 3 14 6 43 Acceptances: Bought outright 651 — 651 -- -- — -- — — — Held under repurchase agreements 1 — 1 — — — -- — — -- -- — -- Federal Agency obligations-- Bought outright 5,395 251 1,295 317 426 436 282 813 205 118 220 276 756 Held under repurchase agreements — — -- — — — — -- — — — — -- U.S. Government securities: Bought outright— Bills 32,158 1,495 7,717 1,888 2,541 2,599 1,679 4,844 1,225 703 1,314 1,644 4,509 Certificates — — — — — — — — — — — — — — — — — — — — — - - — — 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 1/2/ 79,839 3,711 19,160 4,688 6,308 6,452 4,168 12,026 3,042 1,744 3,263 4,082 11,195 Held under repurchase agreements — — — — — — — — — — — — — — — — — — — •* — — — Total U.S. Government securities 79,839 3,711 19,160 4,688 6,308 6,452 4,168 12,026 3,042 1,744 3,263 4,082 11,195 Total loans and securities 87,582 3,976 22,621 5,007 6,734 6,904 4,500 12,868 3,252 1,865 3,497 4,364 11,994 Cash items in process of collection 8,186 333 1,052 229 428 1,254 800 1,180 466 420 772 611 641 Bank premises 306 83 20 46 26 18 14 16 13 33 17 12 8 Operating Equipment 4 — — 2 — — —— —- — — — - — - — — 2 — Other assets 3/ 2,813 50 1,925 72 80 89 70 156 47 27 42 55 200 Interdistrict settlement account -0- - 106 — — - 354 + 549 - 280 - 311 +1,371 + 80 6 - 203 - 383 - 357 TOTAL 113.116 5,059 29.456 5,800 8.882 9,209 6.041 17,540 4.388 2.617 4,t33 5,197 14,304 1/ Excludes $2,135 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $89 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 OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 10, 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 75,197 3,717 18,771 4,459 6,503 6,825 3,826 11,966 3,151 1,516 2,721 2,846 8,896 Deposits: Member bank reserves 26,987 877 8,049 961 1,718 1,071 1,537 4,278 770 615 1,055 1,663 4,393 U.S. Treasury—general account 405 41 4 32 34 53 18 31 22 10 38 59 63 Foreign 295 10 If 106 12 22 14 20 39 9 6 11 14 32 Other 2/ 1.036 1 944 3 — — 19 30 5 1 1 2 10 20 Total deposits 28,723 929 9,103 1,008 1,774 1,157 1,605 4,353 802 632 1,106 1,746 4,508 Deferred availability cash items 6,247 291 848 184 357 1,037 404 778 333333 339966 668844 443399 449966 Other liabilities and accured dividends 966 45 240 56 73 74 53 138 35 23 37 47 145 TOTA LIABILITIES 111,133 4,982 28,962 5,707 . 8,707 9,093 5,888 17,235 4,321 2,567 4,548 5,078 14,045 CAPITAL ACCOUNTS Capital paid in 916 35 232 42 80 52 72 141 31 24 39 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 170 7 27 9 17 14 12 26 6 4 9 9 30 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 113.116 5.059 29.456 5.800 8.882 9.209 6,041 17,540 4.388 2,617 4,633 5.187 14,304 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,715 3,925 19,581 4,565 6,700 7,089 4,304 12,228 3,303 1,572 2,886 2,998 9,564 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 • mm 20 10 18 19 59 Acceptanances -- — -- -- -- — — — • — •» U T . ot S. a l G o c v o e l r l n a m t e e n r t a l s ecurities 8 6 1 9 , . 2 3 0 0 3 5 3 3, , 4 9 0 5 0 4 1 1 9 6 , , 8 3 0 5 3 0 4 4. , 1 8 5 1 0 8 6 5, , 9 7 1 9 0 8 6 7 , , 1 1 8 6 0 0 4 4 , . 6 0 3 0 9 0 1 1 3 1 , , 1 4 6 0 8 0 3 2. J3 9 8 20 9 1 1 ^ , 6 4 2 1 6 0 2 2 ) , 9 5 3 0 6 0 3 2 ] , 0 5 2 8 6 5 8,500 1/ After deducting $189 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 for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis