H.4.1 Factors Affecting Reserve Balances of Depository Institutions

.Co? sow FEDERAL RESERVE m Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 2, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 1,* Sept. Z4, | Oct. z, Oct. 1, and related items 1975 1975 1 1974 1975 Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright--System account 83,804 + 826 + 2,911 83,871 Held under repurchase agreements 3,574 +1,618 + 3,227 3,008 Federal Agency obligations-- Bought outright 5,508 + 113 + 1,497 5,789 Held under repurchase agreements 306 + 105 + 177 295 Acceptances-- Bought outright 702 + 16 + 394 704 Held under repurchase agreements 295 + 120 + 50 233 Loans-- Total member bank borrowing 581 . + 186 - 2,637 616 Includes seasonal borrowing of: 74 + 10 - 68 73 Other borrowing —— — — — — M * Float 1,640 - 397 - 258 2,675 Other F.R. assets 3.145 + 83 + 1.499 3.246 Total Reserve Bank credit 99,555 +2,671 + 6,860 100,437 Gold Stock 11,599 **«» + 32 11,599 Special Drawing Rights certif. acct. 500 m mm + 100 500 Treasury currency outstanding 9,819 + 8 + 780 9.819 121,473 +2,679 + 7,772 122,355 Currency in circulation ** 81,397 - 285 + 6,558 81,684 Treasury cash holdings ** 370 *» «* + 55 370 Treasury deposits with F.R. Banks 7,413 +2,381 + 4,139 7,637 Foreign deposits with F.R. Banks 277 8 • 79 283 Other deposits with F.R. Banks 4/ 650 67 - 310 824 Other F.R. liabilities and capital 3,463 + 207 - 30 3.417 93,570 +2,228 +10,334 94,215 Member bank reserves: With Federal Reserve Banks 27,903 + 451 - 2,561 28,140 Currency and coin 7,559 + -f- 490 7.559 Total reserves held 35,462 + 831 2,071 35,6*9 Required reserves 34,988 + 402 - 2,089 34,988 Excess reserves 474 + 429 + 18 711 tfOTE: A net of $7 million of surplus reserves were eligible to be carried forward from the week ended September 24, into the week ending October 1. On October 1, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $41,657 million, a decrease of $378 million for the week. \J Net or $1,103 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $1,047 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $140 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 4/ Includes $12 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. Digitized f*o r EFsRtAiSmEaRt ed (Boston District), http://fra*s*e r.Estslotuiismfaedt.eodrg /( Treasury's Figures). Federal Reserve Bank of St. Louis

H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Wednesday Change since October September October 2, ' A S S E TS 1, 1975** 24, 1975 1Q7 L | Gold certificate account 11 ,599 + 139 Special Drawing Rights certif. acct* * 500 mm «- + 100 Cash (2,060) 401 + 11 + 170 Loans 616 - 786 -2 ,213 Acceptances--Bought outright 704 + 22 + 392 Held under repurchase agreements 233 + 41 43 Federal Agency obligations--Bought outright 5 ,789 + 394 +1 ,778 Held under repurchase agreements 295 125 + 111133 U.S. Government securities: Bought outright—Bills 35 ,367 + 610 -2 ,707 Certificates — mm Notes 43 ,400 __ +3 ,681 Bonds 5 ,104 +2 ,007 Total bought outright 11//22// 83,, 871 + 610 +2 ,981 Held under repurchase agreements 3 ,008 -1 ,205 +2 ,568 Total U.S. Government securities 86 ,879 595 +5 ,549 Total loans and securities 94 ,516 -1 ,049 +5,, 576 Cash items in process of collection (1,730) 8 ,390 +1 ,181 202 Bank premises 308 + 3 + 59 Operating Equipment 4 + 4 Other assets 3/ 2 ,934 + 195 +li, 639 TOTAL ASSETS" (3,790) 118, II + 341 +7,, 485 L I A B I L I T I ES Federal Reserve notes (2,060) 72,, 636 + 15 +6,, 033 Deposits: Member bank-reserves account 28,, 140 -1,, 043 -3,0 89 U.S. Treasury--general account 7,6 37 + 388 +4, 382 Foreign 283 + 49 30 Other 4/ 824 + 164 + 2 Total deposits 36, 884 - 442 +1, 265 Deferred availability cash items (1,730) 5, 715 + 732 137 Other liabilities and accrued dividends 1, 167 - 21 121 TOTAL LIABILITIES (3,790) 116, 402 + 284 +7, 040 c a p i t al a c c o u n ts Capital paid in 914 * m* + 29 Surplus 897 — w + 53 Other capital accounts 439 + 57 + 363 Contingent liability on acceptances purchased, for foreign correspondents -- — — -1,5 10 * Figures in parentheses are the eliminations made in the consolidating process. V Excludes $1,047 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. ' 2/ Includes $140 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. % Includes assets denominated in foreign currencies. Includes $12 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 (Boston District). MATURITY DISTRIBUTION' OF LOANS AND SECURITIES. OCTOBER 1. 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance vp ith maximum maturity of the agreements.) U.S. Government Federal Agency LLooaannss Accept- securities obligations ances Holdings Weekly Holdings IWeekly changes 1changes Within 15 days 579 336 6,969 -1,135 295 -135 16 days to 90 days 37 290 18,053 + 484 201 91 days to 1 year — — 311 22,198 + 334 623 + 33 Over 1 year to 5 years — -- 30,099 - 278 3,073 +285 Over 5 years to 10 years — — — — 5,893 — — 1,310 + 57 Over 10 years — — — 3,667 «» «* 582 + 29 Digitized for FRASERT otal 616 937 86,879 - 595 6,084 +269 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 1, 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 11,599 530 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 2,060 169 377 115 104 194 294 90 50 49 48 94 476 Other cash 401 24 35 13 49 41 55 38 29 18 33 17 49 Loans 616 42 55 104 9 53 77 60 71 5 23 5 112 Acceptances: Bought outright 704 -- 704 -- -- -- -- -- — -- — Held under repurchase agreements 233 -- 233 — — — — — — — Federal Agency obligations-- Bought outright 5,789 269 1,389 340 457 468 302 872 221 126 237 296 812 Held under repurchase agreements 295 — 295 -- — — — — -- -- — U.S. Government securities: Bought outright- Bills 35,367 1,644 8,487 2,076 2,794 2,858 1,847 5,328 1,347 773 1,445 1,809 4,959 Certificates — — - - —— —— — — — — —- — — —— — — — — Notes 43,400 2,018 10,415 2,549 3,429 3,507 2,266 6,537 1,653 948 1,774 2,218 6,086 Bonds 5,104 237 1,225 300 403 412 266 769 195 111 209 261 716 Total bought outright 1/2/ 83,871 3,899 20,127 4,925 6,626 6,777 4,379 12,634 3,195 1,832 3,428 4,288 11,761 Held under repurchase agreements 3,008 — 3,008 — — — — —— — — —— — — — — — -» — Total U.S. Government securities 86,879 3,899 23,135 4,925 6,626 6,777 4,379 12,634 3,195 1,832 3,428 4,288 11,761 Total loans and securities 94,516 4,210 25,811 5,369 7,092 7,298 4,758 13,566 3,487 1,963 3,688 4,589 12,685 ! Cash items in process of collection 10,120 462 1,360 243 556 1,493 790 1,403 480 484 871 686 1,292 Bank premises 308 83 20 47 26 18 14 16 13 33 19 12 7 Operating Equipment 4 2 -- — — — -- — — -— 2 — — Other assets 3/ 2,934 70 1,774 91 115 116 91 214 54 33 59 73 244 Interdistrict settlement account -0- + 91 - 320 - 298 + 521 - 63 + 79 + 402 + 352 + 249 + 15 - 343 - 685 TOTAL 122,442 5,663 32,513 6,279 9,394 10,123 6,720 17,576 4,934 3,045 5,170 5,571 15,454 1/ Excludes $1,047 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $140 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. * Estimated (Boston 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 October 1, 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 Deposits: 74,696 3,693 18,682 4,413 6,473 6,813 3,753 11,895 3,141 1,508 2,682 2,839 8,804 Member bank reserves 28,140 914 8,784 910 1,620 1,319 1,768 3,536 892 654 1,176 1,568 4,999 U.S. Treasury—general account 7,637 569 2,125 569 572 508 459 630 410 367 440 469 519 F O o t r T h o e e t i r a g l n deposits 8 28 2 3 4 1 1 0 6 9 9 8 4 1 2 2 22 1 1 1 5 4 3 1 3 9 3 1 8 7 9 1 2 6 1 2 0 1 1 3 4 4 3 3 1 Deferred availability cash items 36,884 1,494 11,701 1,493 2,215 1,856 2,279 4,221 1,312 1,029 1,638 2,064 5,592 Oth d e i r v i l d i e a n b d i s l ities and accured 7 1, , 1 4 6 4 7 5 33 5 5 0 1,2 3 0 4 1 1 19 6 9 3 42 7 6 9 1,23 8 2 0 46 5 3 7 9 15 5 1 4 3 3 6 8 4 ' 4 2 2 3 8 7 4 2 2 1 49 5 2 1 6 1 3 9 0 2 TOTA LIABILITIES 120,192 5,572 31,925 6,168 9,193 9,981 6,552 17,221 4,855 2,988 5,073 5,446 15,218 CAPITAL ACCOUNTS Capital paid in Surplus 9 89 1 7 4 3 3 5 5 2 2 2 3 9 5 4 4 2 2 8 7 0 8 5 5 2 0 6 7 9 2 . 1 1 4 3 2 8 3 3 1 0 2 2 4 2 3 3 7 9 4 5 9 1 1 1 1 1 2 7 Othe T r O C T c A A a P L p I i T t L A a IA L l B I A a L C c I C c T O o I U u E N n S T t S s A ND 122, 4 4 3 4 9 2 5,66 2 3 1 32,5 1 1 2 3 4 6,27 2 9 7 9,39 43 4 10,12 4 3 0 6,72 2 0 7 17,57 7 6 5 4,93 1 4 8 3,04 1 5 1 5,17 2 0 1 5,57 2 1 5 15,454 7 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,606 3,913 19,515 4,547 6,717 7,111 4,279 12,208 3,308 1,577 2,878 3,013 9,540 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 pe c c e i p a t l a na Dr n a c w e i s n g Rights certif. acct. 302 24 124 28 20 10 18 19 59 UU..SS.. GGoovveerrnnmmeenntt sseeccuurriittiieess 69.330 3.400 16,350 4.150 5.910 6.180 4,000 11,400 2.920 1.410 2,500 2,610 8,500 TToottaall ccoollllaatteerraall 81.228 3.954 19.803 4.818 6.79% 7.160 4.639 13.168 3.389 1.626 2,936 3,051 9.886 * Estimated (Boston District) 1/ After deducting $185 million participations of other Federal Reserve Banks. 2/ Includes $12 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. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis