H.4.1 Factors Affecting Reserve Balances of Depository Institutions

•jiSLSSSi.:. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 16, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 15,* Oct. 8, I Oct. 16, °C?97P'* 1975 1975 | 1974 and related items Reserve Bank credit: I f (In millions of dollars) ysi U.S. Government securities-- Bought outright--System account 82,993 - 610 +4,406 81,983 Held under repurchase agreements — -1,069 - 517 -- Federal Agency obligations-- Bought outright 5,789 -- +1,778 5,789 Held under repurchase agreements • —— - 100 - 252 -- Acceptances-- Bought outright 709 5 + 382 698 Held under repurchase agreements — - 150 - 115 -- Loans-- Total member bank borrowing 173 65 -1,571 483 Includes seasonal borrowing of: 66 8 56 63 Other borrowing —— —— - - -- Float 2,023 + 296 + 148 2,984 Other F.R. assets 3.452 + 104 + 164 3.620 Total Reserve Bank credit 95,139 -1,599 +4,423 95,557 Gold Stock 11,599 -- + 32 11,599 Special Drawing Rights certif. acct. 500 -- + 100 500 Treasury currency outstanding 9.873 + 16 + 837 9.882 117,112 -1,582 +5,392 117,538 Currency in circulation ** 82,571 + 718 +6,627 82,889 Treasury cash holdings ** 370 — - + 52 370 Treasury deposits with F.R. Banks 3,091 -2,772 +2,253 2,703 Foreign deposits with F.R. Banks 340 + 105 + 69 877 Other deposits with F.R. Banks 4/ 617 + 47 - 177 639 Other F.R. liabilities and capital 3.091 + 47 89 3.133 90,081 -1,854 +8,737 90,611 Member bank reserves: With Federal Reserve Banks 27,031 + 272 -3,345 26,927 Currency and coin 7.623 + 25 + 584 7.6-23 Total reserves held 34,654 + 297 -2,761 34,550 Required reserves 34,409 + 67 -2,679 34,409 Excess reserves 245 + 230 - 82 141 NOTE: A net of $32 million of surplus reserves were eligible to be carried forward from the week ended October 8, into the week ending October 15. On October 15, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $40,965 million, a decrease of $292 million for the week. 1/ Net of $811 million, daily average, matched sale-purchase transactions outstanding during the statement week, 2/ Excludes §1,770ftillion of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3/ Includes $81 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. * Estimated (Dallas District). 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 Wednesday Change since October 15, October 8, October 16, A S S E TS 1975 ** 1Q7S 1974 i Gold certificate account 11,599 + 139 Special Drawing Rights certif. accts. * 500 + 100 Cash (1,608) 396 18 + 158 Loans 483 + 328 -1,279 Acceptances--Bought outright 698 5 + 384 Held under repurchase agreements - 540 Federal Agency obligations--Bought outright 5,789 +1,778 Held under repurchase agreements -1,061 U.S. Government securities: Bought outright—Bills 33,479 + 622 -2,259 Certificates Notes 43,400 +3,681 Bonds 5,104 ' +2,007 Federal Fin. Bank Oblig. Total bought outright 1/2/ 81,983 + 622 +3,429 Held under repurchase agreements -2,122 Total U.S. Government securities 81,983 + 622 +1,307 Total loans and securities 88,953 + 945 + 589 Cash items in process of collection (1,850) 9,953 +2,391 - 503 Bank premises 311 + 4 + 60 Operating Equipment 6 + 2 + 6 Other assets 3/ 3% 303 + 228 + 205 TOTAL ASSETS (3,458) 115,021 +3,552 + 754 L I A B I L I T I ES Federal Reserve notes (1,608) 73,773 + 418 +6,151 Deposits: Member bank-reserves account 26,927 +1 ,421 -6,982 U.S. Treasury—general account 2,703 - 988 +2,074 Foreign 877 + 643 + 549 Other 4/ 639 + 71 - 150 Total deposits 31,146 +1 ,147 -4,509 Deferred availability cash items (1,850) 6,969 +1 ,900 - 722 Other liabilities and accrued dividends 1,059 - 22 - 215 TOTAL LIABILITIES (3,458) 112,947 +3 ,443 + 705 C A P I T AL A C C O U N TS Capital paid in 916 + 2 + 28 Surplus Other capital accounts 897 —— + 53 261 + 107 32 Contingent liability on acceptances purchased, for foreign correspondents -1,575 * Figures in parentheses are the eliminations made in the consolidating process. ** Estimated (Dallas District). 1/ Excludes $1,770 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $81 million' securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3J Includes assets denominated in foreign currencies. 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 nonmember institutions in the Federal Reserve System's program of credit restraint. . MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. OCTOBER 16. 1975 (Acceptances and securities held under repurchase agreements are classified as 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 Within 15 days 448 179 5,190 +2,014 11 ** mm 16 days to 90 days 35 225 15,855 - 551 194 - 1 91 days to 1 year 294 21,279 - 841 618 mm mm Over 1 year to 5 years — -- 30,099 —— 3,088 +15 Over 5 years to 10 years -- —— 5,893 —— 1,296 -14 Over 10 years — - - 3,667 — — 582 —— Digitized for FRASER Total 483 698 81,983 + 622 5,789 TT http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 15, 1975 H.4.1(b) New Phila- | Cleve- 1 R i c h -I St. I Minne- I Kansas I San Total Boston York delnhia 1 land 1 mond 1 Atlanta 1 Chicago 1 Louis 1 apolis [ Citv | Dallas( Francisco (In millions of dollars) A S S E TS G S o p l e d c ia ce l r t D i r f a i w c i a n t g e R a i c g c h o t u s n t c ertif. acct. 11,5 5 9 0 9 0 53 2 0 4 3,3 1 3 2 0 4 66 3 8 1 88 4 8 3 98 4 1 5 61 2 1 8 1,76 7 8 9 44 2 9 0 20 1 6 0 41 1 9 8 42 1 2 9 1,3 5 2 9 7 F O . t R he . r n c o a t s e h s of other banks 1, 3 6 9 0 6 8 1 2 3 7 1 31 3 2 1 6 1 6 3 4 7 9 4 1 4 5 1 4 2 5 0 1 9 5 3 1 8 2 3 5 0 3 1 9 7 4 3 4 5 9 1 0 6 4 4 1 8 3 Loans 483 5 291 5 1 6 41 26 75 10 12 6 5 Acceptances: Bought outright 698 698 — — — Held under repurchase agreements —— - - — — — Fed B e o r u a gh l t Ag o e u n t c ri y g h o t b ligations- 5,789 269 1,389 340 457 468 302 872 221 126 237 296 812 Held under repurchase agreements U.S. Government securities: Bou B g i h ll t s o utright- 33,479 1,556 8,034 1,966 2,645 2,706 1,748 5,043 1,275 732 1,368 1,712 4,694 C N e o r t t e i s f icates 43 5 , , 4 1 0 0 0 4 2,0 2 1 3 8 7 1 1 0 , , 2 4 2 1 5 5 2,5 3 4 0 9 0 3,4 4 2 03 9 3, 4 5 1 0 2 7 2,2 2 6 6 6 6 6,5 7 3 6 7 9 1,6 1 5 9 3 5 9 1 4 1 8 1 1, 2 7 0 7 9 4 2,2 2 1 6 8 1 6,0 7 8 1 6 6 Total bought outright 1/2/ 81,983 3,811 19*674 4,815 6,477 6,625 4,280 12,349 3,123 1,791 3,351 4,191 11,496 T T ln o ul tH t t* te a a Al l lo 1 d 1 J U l u o T n a • • « T a n • > e« s u / Q r ] v a • a n n r v A e d s u u p U i s o u V e m i c c t 1c i u n n I a r ou a i nU s O t cf e Q A U i P e a tC g l s a l r o pT cr c e l y u uA u iA P i cm St ou i nL 1c fo o * ti 8 8 1 8 , , 9 9 8 5 3 3 4 3 , . 0 81 8 1 5 2 1 2 9 , , 0 6 5 7 2 4 4 5 . , 8 1 1 6 5 0 6 6, . 9 4 3 7 5 7 6 7 . , 6 0 2 9 5 9 4 4 . , 2 62 8 3 0 1 1 2 3 , , 3 2 4 4 9 7 3 3 . , 1 4 2 1 3 9 1 1 . , 7 9 9 2 1 7 3 3 . , 3 6 5 0 1 0 4 4 , , 1 49 91 3 1 1 2 1 , . 3 49 1 6 3 B C a a n s k h p i r t e e m m i s se i s n process of collection 11, 3 8 1 0 1 3 48 8 5 4 1,8 2 5 0 7 3 4 0 7 2 7 2 7 6 5 1,7 2 5 0 1 90 1 7 4 1,66 1 7 6 70 1 6 3 64 3 2 3 1,00 1 0 9 65 1 2 4 2 1,05 2 7 7 O O l p t n e h t r e e a r r t Q i i a n s s g u s r e i t E c q s t u i 3 s p / c m v e t n i t c mciiL attuuuL 3,3 - 0 0 6 3 - - 8 8 1 3 + 1, 8 8 6 1 5 2 5 - 1 4 0 3 7 4 + 7 14 7 4 - 3 1 3 4 3 - 1 2 2 6 4 +1.0 2 4 7 0 9 + 8 6 4 + 2 1 4 1 0 - 3 6 6 9 5 - 5 9 4 1 6 - 5 2 2 7 9 4 TOTAL 118.479 5.368 30.408 5.960 9.011 10.201 6.541 18.185 4,734 3,008 4.839 5,253 14,971 * Estimated (Dallas District;. 1/ Excludes $1,770 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $81 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 October 16, 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: 75,381 3,725 18,820 4,444 6,526 6,876 3,778 12,032 3,168 1,521 2,712 2,883 8,896 Member bank reserves U.S. Treasury—general account 26,927 854 7,729 942 1,370 .1,353 1,620 4,239 852 715 1,045 1,550 4,658 Foreign 2,703 207 349 131 221 287 365 306 160 114 55 168 340 Other 877 11 667 13 25 16 21 44 10 7 12 16 35 Total deposits 639 1 536 5 2 18 30 16 1 2 2 12 14 Deferred availability cash items 31,146 1,073 9,281 1,091 1,618 1,674 2,036 4,605 1,023 838 1,114 1,746 5,047 Other liabilities and accured 8,819 441 1,523 266 609 1,450 50C 1,082 439 • 572 885 458 588 dividends TOTA LIABILITIES 1.059 48 256 61 79 79 66 146 34 24 40 53 173 116,405 5,287 29,880 5,862 8,832 10,079 6,386 17,865 4,664 2,955 4,751 5,140 14,704 CAPITAL ACCOUNTS Capital paid in Surplus 916 35 230 42 80 52 72 142 31 24 40 51 117 Other capital accounts 897 35 235 42 78 50 69 138 30 22 37 49 111122 TOTAL LIABILITIES AND 261 11 63 14 21 20 14 40 9 7 11 13 3388 CAPITAL ACCOUNTS 118,479 5,368 30,408 5,960 9,011 10,201 6,541 18,185 4,734 3,008 4,839 5,253 14,971 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding Collateral for F.R. notes: 78,680 3,909 19,488 4,544 6,742 7,120 4,275 12,234 3,317 1,573 2,887 3,013 9,578 Gold certificate account Special Drawing Rights certif. acct. 11,596 530 3,329 668 888 980 611 1,768 449 206 418 422 1,327 Acceptanances 302 24 124 28 20 10 18 19 59 U.S. Government securities 69.360 3.400 16.350 4.150 5.910 6,210 4,000 11.400 2.920 1.410 2.500 2.610 8.500 Total collateral 81,258 3,954 19,803 4,818 6,798 7:190 4,639 13.168 3,389 1.626 2.936 3.051 9:886 V After deducting $210 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 voluntar yparticipation 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