H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 23, 1975 Averages of daily figures Member bank reserves, Week ended Change from week ended Wednesday Reserve Bank credit, Oct. 22, Oct. 15, Oct, 23, Oct. 22, 1975 1974 1975 and related items 1975 Reserve Bank credit: 2/3/ (In millions of dollars) 17 U.S. Government securities-- Bought outright—System account 83,160 + 167 +3,699 83,331 Held under repurchase agreements 689 + 689 + 689 2,394 Federal Agency obligations-- Bought outright 5,789 +1,778 5,789 Held under repurchase agreements 36 36 + 36 119 Acceptances-- Bought outright 711 2 + 499 720 Held under repurchase agreements 41 + 41 + 38 144 Loans-- Total member bank borrowing 233 + 60 -1,089 941 Includes seasonal borrowing of: 63 3 44 63 Other borrowing Float 2,142 + 51 - 411 2,421 Other F.R. assets 3.578 + 126 + 182 3.663 Total Reserve Bank credit 96,378 +1,171 +5,420 99,522 Gold Stock 11,599 + 32 11,599 Special Drawing Rights certif. acct. 500 + 100 500 Treasury currency outstanding 9.887 14 + 845 9.893 118,364 +1,184 +6,397 121,514 Currency in circulation * 82,462 109 +6,614 82,481 Treasury cash holdings * 370 + 52 370 Treasury deposits with F.R. Banks 3,575 484 +2,375 6,074 Foreign deposits with F.R. Banks 245 95 26 214 Other deposits with F.R. Banks 4/ 656 + 39 - 187 817 Other F.R. liabilities and capital 3.221 + 130 64 3,317 90,529 + 448 +8,764 93,273 Member bank reserves: With Federal Reserve Banks 27,835 + 736 -2,367 28,341 Currency and coin 6.741 - 882 + 487 6.741 Tot;al reserves held 34,576 - 14-6 146 -1,880 34,982 Required reserves 34,576 + 16+7 167 -2,039 34,576 Excess reserves - 313 + 159 406 NOTE: A net of $106 million of surplus reserves were eligible to be carried forward from the week ended October 15, into the week ending October 22. On October 22^1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,443 million, an increase of $1,478 million for the week. 1/ Net of$847 million, daily average, matched sale-purchase transactions outstanding • > during the statement week. 2/ Excludes $899 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 3J Includes $161 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 anc( 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://frase*r. stElosutisifemda.toregs/ (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 October 22, October 15, October 23. A S S E TS 1225 1975 , 1 1974 Gold certificate account 11,599 mm + 139 Special Drawing Righte certif. meets. * 500 «* + 100 Cash (1,744) 393 + 2 + 149 Loans 941 + 458 -1,541 Acceptances--Bought outright 720 + 22 + 507 Held under repurchase agreements 144 + 144 + 141 Federal Agency obligations—Bought outright 5,789 +1,778 Held under repurchase agreements 119 + 119 + 119 U.S. Government securities: Bought outright--Bills 34,827 +1,348 -2,040 Certificates —«* Notes 43,400 —— +3,681 Bonds 5.104 -- +2.007 Total bought outright 11//22// 83,331 +1,348 +3,648 Held under repurchase agreements ^2*324 tZ,)94 +2.394 Total U.S. Government securities 85.725 +3.742 +6.042 Total loans and securities 93,438 :4,485 +7,046 Cash items in process of collection (1,712) 7,77% -2,317 - 439 Bank premises 311 -re mm - + 58 Operating Equipment 6 ** + 6 Other assets ±/ 3.346 + 43 + 208 TOTAL ASSETS (3,45$) 117.370 +2.213 +7,267 L I A B I L I T I ES Federal Reserve notes (1,744) 73,356 - 417 +6*066 Deposits: Member bank-reserves account 28,241 +1,314 -3,063 U.S. Treasury-general account 6,074 +3,371 +4,681 Foreign 214 - 663 - <68 Other 4/ 817 + 175 - 99 Total deposits 35,346 +4,197 +1,451 Referred availability cash items (1,712) 5,351 -1,755 - 221 Other liabilities and accrued dividends 1.134 + 79 - 64 TOTAL LIABILITIES (3,456) 115,187 +2,104 +7,232 C A P I T AL A C C O U N TS Capital paid in 915 1 + 27 Surplus 897 mm + 53 Other capital accounts 371 + 110 - 45 Contingent liability on acceptances purchased, for foreign correspondents -1,973 * Figures in parentheses are the eliminations made in the consolidating process# 1/ Excludes $899 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/, Includes $161 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 22. 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 [changes Ichanges Within 15 days 935 317 6,014 + 824 156 +145 16 days to 90 days 6 216 17,723 +1,868 195 + 1 91 days to 1 year 331 22,329 +1,050 620 + 2 Over 1 year to 5 years 30,099 3,141 + 53 Over 5 years to 10 years 5,893 1,214 - 82 Digitized for FRASER O ver 10 years 3,667 — 582 http://fraser.stlouisfed.org T / o tal 941 864 85,725 +3,742 5,908 +119 Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 22, 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 1,744 133 353 71 77 184 213 62 35 41 51 94 430 Other cash 398 26 31 12 52 42 51 35 29 17 37 18 48 Loans 941 15 697 42 — — — — 83 7 2 17 13 18 47 Acceptances: Bought outright 720 — 720 — — — -- -- -- -- Held under repurchase agreements 144 - - 144 — — — — — -- — — Federal Agency obligations-- Bought outright 5,789 269 1,389 340 457 468 302 872 221 126 237 296 812 Held under repurchase agreements 119 — - 119 — -- — — — — — — -- U.S. Government securities: Bought outright— Bills 34,827 1,619 8,358 2,045 2,752 2,814 1,819 5,246 1,326 761 1,423 1,781 4,883 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/ 83,331 3,874 19,998 4,894 6,584 6,733 4,351 12,552 3,174 1,820 3,406 4,260 11,685 Held under repurchase agreements 2,394 — — 2,394 — — — — — — —— — — — — — -- — — — — Total U.S. Government securities 85,725 3,874 22,392 4,894 6,584 6,733 4,351 12,552 3,174 1,820 3,406 4,260 11,685 Total loans and securities 93,438 4,158 25,461 5,276 7,041 7,201 4,736 13,431 3,397 1,963 3,656 4,574 12,544 Cash items in process of collection 9,484 390 1,142 294 501 1,442 814 1,277 471 581 823 709 1,040 Bank premises 311 84 20 48 26 21 14 16 13 33 17 12 7 Operating Equipment 6 — 2 - - -- — -- 2 2 Other assets 3/ 3,346 90 1,850 112 145 145 130 281 72 46 75 93 307 Interdistrict settlement account -0- + 53 -1,817 - 382 + 660 - 93 - 116 +1,592 + 304 - 14 - 260 - 492 + 565 TOTAL 120.826 5,488 30,49$ 6.130 9.433 9.968 6.481 18.541 4.790 2.883 4.836 5.451 16.329 V Excludes $899 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $161 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 22, 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 75,100 3,718 18,751 4,435 6,514 6,854 3,734 12,006 3,152 1,519 2,696 2,863 8,858 Deposits: Member bank reserves 28,241 1,038 6,656 936 1,764 1,283 1,772 4,329 922 706 1,173 1,667 5,995 U.S. Treasury--general account 6,074 236 2,457 337 430 390 214 836 243 131 107 216 477 Foreign 214 9 1/ 46 11 20 12 17 35 8 5 10 13 28 Other %/ Total deposits 817 3 712 1 1 15 31 23 1 3 3 10 14 35,346 1,286 9,871 1,285 2,215 1,700 2,034 5,223 1,174 845 1,293 1,906 6*514 Deferred availability cash items 7,063 347 1,012 241 433 1,199 481 823 351 ' 438 715 511 512 Other liabilities and accured dividends ia34 51 306 65 83 84 72 153 39 26 41 52 162 TOTA LIABILITIES 118,643 5,402 29,940 6,026 9,245 9,837 6,321 18,205 4,716 2,828 4,745 5,332 16,046 CAPITAL ACCOUNTS Capital paid in 915 35 230 42 80' 52 72 142 31 24 39 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 371 16 91 20 30 29 19 56 13 9 15 19 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 120,826 5.488 30.496 6.130 9,433 9.968 6.481. 18.541 4.790 2.883 4.836 5.451 16.329 Contingent liability on acceptances purchased for foreign correspondents FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 78,711 3,898 19,487 4,561 6,735 7,138 4,254 12,237 3,330 1 ,572 2,876 3,004 9,619 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 n D c r e a s w ing Rights certif. acct. 302 24 124 28 20 10 18 19 59 U.S. Government securities 69.410 3.400 16.350 4.150 5.910 6.260 4.000 11.400 2.920 1 .410 2.500 2.610 8.500 Total collateral 81.308 3,954 19,803 4,818 6,798 7,240 A,619 3,389 1 9 OIA .3 051 9:886 1/ After deducting $168 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 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