H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and • f^AL RE & Condition Statement of F.R. Banks H.4.1 For immediate release September 18, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Sept. 17, Sept. 10, Sept. 18, Sept. 17, and related items 1975* 1975 1974 1975* Reserve Bank credit: 1/ (In millions of dollars) W U.S. Government securities-- Bought outright—System account 81,071 - 186 +1,653 79,811 Held under repurchase agreements 783 + 783 + 349 Federal Agency obligations-- Bought outright . 5,395 - 1 +1,591 5,395 Held under repurchase agreements 37 + 37 - 98 Acceptances-- Bought outright 654 7 + 403 651 Held under repurchase agreements 52 + 51 3 Loans-- Total member bank borrowing 327 - 58 -2,594 336 Includes seasonal borrowing of: 61 + 7 73 60 Other borrowing Float 1,893 - 181 - 642 3,112 Other F.R. assets 3.088 + 88 +1.765 3.014 Total Reserve Bank credit 93,300 + 526 +2,424 92,319 Gold Stock 11,599 + 1 + 32 11,599 Special Drawing Rights certif. acct. 500 + 100 500 Treasury currency outstanding 9.789 + 24 + 815 9.795 115,189 + 551 +3,372 114,213 Currency in circulation ** 82,143 - 87 +6,841 82,095 Treasury cash holdings ** 370 + 72 370 Treasury deposits with F.R. Banks 1,181 - 221 - 257 2,421 Foreign deposits with F.R. Banks 326 - 25 - 199 242 Other deposits with F.R. Banks 4/ 946 + 106 + 195 854 Other F.R. liabilities and capital 3.069 + 156 - 186 3.060 88,034 - 73 +6,466 89,042 Member bank reserves: With Federal Reserve Banks 27,154 + 623 -3,095 25,170 Currency and coin 7.439 f 160 + 602 7,439 Total reserves held 34,593 + 463 -2,493 32,609 Required reserves 34,293 + 188 -2,711 34,293 Excess reserves 300 + 275 + 218 -1,684 NOTE: A net of $4 million of surplus reserves were eligible to be carried forward from the week ended September 10, into the week ending September 17. On September 17, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,941 million, a decrease of $110 million for the week. 1J Net of $1,134 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,932 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3J Includes $115 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). ** 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 Wednesday Change since September September September 1 A S S E TS 17, 1975** 10, 1975 18, 1974 Gold certificate account 11,599 -- + 139 Special Drawing Rights certif. acct. * 500 - - + 100 Cash (1,873) 372 + 13 + 155 Loans 336 -1,360 -2,787 Acceptances—Bought outright 651 + 376 Held under repurchase agreements Federal Agency obligations--Bought outright 5,395 -- +1,591 Held under repurchase agreements U.S. Government securities: Bought outright—Bills 31,674 - 484 -4,068 Certificates Notes 43,157 + 345 +3,576 Bonds 4,980 + 111 +1,922 Total bought outright 1/2/ 79,811 28 +1,430 Held under repurchase agreements Total U.S. Government securities 79,811 Total loans and securities Cash items in process of collection (1,755) Bank premises Operating Equipment Other assets 3/ TOTAL ASSETS (3,628) L I A B I L I T I ES Federal Reserve notes (1,873) Deposits: Member bank-reserves account U.S. Treasury—general account Foreign Other 4/ Total deposits Deferred availability cash items (1,755) Other liabilities and accrued dividends TOTAL LIABILITIES (3,628) C A P I T AL A C C O U N TS Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased, for foreign correspondents CM 00 +1,430 86,193 -1,389 + 610 8,809 +2,146 - 379 306 — — + 58 4 - — + 4 2,704 - 109 +1,618 110,487 + 661 +2,305 73,043 - 387 +6,341 25,170 -1,817 -3,368 2,421 +2,016 82 242 53 85 854 - 182 + 96 28,687 - 36 -3,439 5,697 + 973 - 398 974 + 8 - 221 108,401 + 558 +2,283 916 __ + 31 897 — — + 53 273 + 103 62 -1,361 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $2,932 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $115 million securities loaned—ful^y 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 (San Francisco District). MATURITY DISTRIBUTION: OF LOANS AND SECURITIES, SEPTEMBER 17. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance tr ith maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 319 111 3,932 +892 10 +10 16 days to 90 days 17 333 15,404 -745 201 +32 91 days to 1 year —— 207 20,905 -631 590 -42 Over 1 year to 5 years - - —— 3Q,129 +314 2,758 -30 Over 5 years to 10 yeara -- -- 5,847 + 91 1,253 T- Digitized for FRASER O ver 10 years mm mm —- 3,594 + 51 583 +30 http://fraser.stlouisfed.or T g/ o tal 336 "651 79,811 - 28 5,395 -- Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON SEPTEMBER 17, 1975 New I Phila- 1 Cleve- I Rich- 1 St. J Minne- 1 1 Kansas 1 I s an * Total Boston York I delohia 1 land I mond I Atlanta Chicago I Louis 1 aoolis 1 1 Citv 1 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 1,873 156 357 100 88 181 266 78 42 46 49 74 436 Other cash 372 23 34 11 50 39 52 33 27 14 29 16 44 Loans 336 15 10 47 -- 4 47 92 52 23 15 8 23 Acceptances: Bought outright 651 651 Held under repurchase agreements 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 31,674 1,472 7,601 1,860 2,503 2,560 1,654 4,771 1,207 692 1,294 1,619 4,441 CCCeeerrrtttiiifffiiicccaaattteeesss NNNooottteeesss 43,157 2,006 10,357 2,534 3,410 3,487 2,253 6,501 1,644 943 1,764 2,206 6,052 BBBooonnndddsss 4,980 232 1,195 292 393 402 260 750 190 109 204 255 698 TTToootttaaalll bbbooouuuggghhhttt ooouuutttrrriiiggghhhttt 111///222/// 79,811 3,710 19,153 4,686 6,306 6,449 4,167 12,022 3,041 1,744 3,262 4,080 11,191 HHHeeelllddd uuunnndddeeerrr rrreeepppuuurrrccchhhaaassseee aaagggrrreeeeeemmmeeennntttsss TTToootttaaalll UUU...SSS... GGGooovvveeerrrnnnmmmeeennnttt ssseeecccuuurrriiitttiiieeesss 79,811 3,710 19,153 4,686 6,306 6,449 4,167 12,022 3,041 1,744 3,262 4,080 11,191 Total loans and securities 86,193 3,976 21,109 5,050 6,732 6,889 4,496 12,927 3,298 1,885 3,497 4,364 11,970 CCaasshh iitteemmss iinn pprroocceessss ooff ccoolllleeccttiioonn 10,564 414 1,511 349 563 1,395 1,036 1,548 532 497 940 742 1,037 BBaannkk pprreemmiisseess 306 83 20 46 26 18 14 16 13 33 17 12 8 2 OOppeerraattiinngg EEqquuiippmmeenntt 4 2 OOtthheerr aasssseettss 33// 2,704 53 1,795 8 87 97 73 205 45 31 47 57 206 IInntteerrddiissttrriicctt sseettttlleemmeenntt aaccccoouunntt -0- + 2 -1,121 - 304 + 299 + 6 65 + 847 + 177 + 67 - 72 - 103 + 267 TTOOTTAALL 114.115 5.261 27.161 5.959 8,776 9.651 6.511 \7 *m 4.603 2,789 4,944 5,W5 15,354 1/ Excludes $2,932 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 27 Includes $115 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3_/ Includes assets denominated in foreign currencies. * Estimated (San Francisco District). 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 17, 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 74,916 3,714 18,739 4,443 6,493 6,805 3,790 11,939 3,142 1,512 2,706 2,838 8,795 Deposits: Member bank reserves 25,170 894 5,593 862 1,323 1,196 1,722 3,945 844 647 1,146 1,843 5,155 U.S. Treasury—general account 2,421 170 181 47 221 275 235 169 126 97 178 190 332 Foreign 242 10 1/ 60 12 21 13 19 38 8 6 10 14 31 Other 2/ 854 1 736 2 2 18 34 25 1 2 2 17 14 Total deposits 28,687 1,075 6,570 1,123 1,567 1,502 2,010 4,177 979 752 1,336 2,064 5,532 Deferred availability cash items 7,452 346 1,090 239 460 1,146 502 927 377 ' 450 775 543 597 Other liabilities and accured dividends 974 45 242 55 72 74 51 137 34 23 39 46 156 TOTA LIABILITIES 112,029 5,180 26,641 5,860 8,592 9,527 6,353 17,180 4,532 2,737 4,856 5,491 15,080 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 273 11 53 15 26 22 17 42 10 6 12 14 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 114.115 5.261 27.161 5.959 8.776 9.651 ... 6,511 17.501 4.603 2.789 4.944 5.605 15.354 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,727 3,932 19,564 4,564 6,712 7,105 4,310 12,214 3,312 1,577 2,878 2,996 9,563 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 A S c p c e e c p ia t l a n D a r n a c w e i s n g Rights certif. acct. 24 124 — — —«• —— 28 20 10 18 19 59 i . U T . o 3 t S , . a 9 l 5 G 4 o c v ol e l r a n t m e e r n a t l securities 6 @1 9 , . 2 3 0 0 3 5 3.400 1 1 6 9 . , 3 0 5 0 0 1 4 4 . . 8 1 1 5 8 0 5 6 . - 9 7 1 9 0 * 6.18 7 0 ,160 4 4 , . 6 0 3 0 9 0 1 1 3 1, , 4 1 0 6 0 8 2 3 . - 9 3 2 8 0 3 1 1r . 6 4 2 1 6 0 2 2 . r< 5 m 0 0 1,09 6 2 .585 8.500 1/ After deducting $182 million participations of other Federal Reserve Banks. 2/ Includes $5 million of certain deposits of foreign-owned banking institutions held with member banks and re eposited 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 (San Francisco District). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis