H.4.1 Factors Affecting Reserve Balances of Depository Institutions

#pfe. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release November 13, 1975 Averages of daily figures MMeemmbbeerr bbaannkk rreesseerrvveess,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, NNoovv.. 1122,, Nov. 5, Nov. 13, NNoovv.. 1122,, 11997755 ** 1975 1974 11997755 aanndd rreellaatteedd iitteemmss Reserve Bank credit: 1/ (In millions of dollars) 2/3/ U.S. Government securities-- Bought outright—System account 81,377 -2,305 +2,967 81,665 Held under repurchase agreements 432 -1,930 + 432 3,027 Federal Agency obligations-- Bought outright 6,072 1 +2,061 6,072 Held under repurchase agreements 30 - 104 + 30 212 Acceptances-- Bought outright 736 10 + 519 720 Held under repurchase agreements 23 - 232 + 21 160 Loans-- Total member bank borrowing 40 27 -1,057 70 Includes seasonal borrowing of: 27 16 - 43 26 Other borrowing Float 2,269 10 - 197 3,322 Other F.R. assets 3.751 + 37 + 267 3.803 Total Reserve Bank credit 94,729 -4,582 +5,040 99,051 Gold Stock 11,599 — *» + 32 11,599 Special Drawing Rights certif. acct. 500 mm *• + 100 500 Treasury currency outstanding 9.955 + 46 + 856 10.033 116,783 -4,536 +6,028 121,183 Currency in circulation ** 83,483 +1,038 +6,458 84,198 Treasury cash holdings ** 370 + 70 370 Treasury deposits with F.R. Banks 2,868 -3,887 +2,709 2,577 Foreign deposits with F.R. Banks 273 15 - 29 222 Other deposits with F.R. Banks 4/ 583 69 - 120 642 Other F.R. liabilities and capital 3.109 - 273 + 71 3.115 90,686 -3,205 +9,159 91,124 Member bank reserves: With Federal Reserve Banks 26,097 -1,331 -3,130 30,059 Currency and coin 7.704 + 189 + 452 7.704 Total reserves held 33,801 -1,142 -2,678 37,763 Required reserves 33,778 - 362 -2,557 33,778 Excess reserves 23 - 780 - 121 3,985 NOTE: A net of $267 million of surplus reserves were eligible to be carried forward from the week ended November 5, into the week ending November 12. On November 12, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $42,382 million, an increase of $138 million for the week. 1/ Net of$2,536 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Excludes $2,261 million 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 $17 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 (St. Louis District). Digitized for FRASER http://fraser.stl*o*u isEfesdt.oirmga/ ted (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 November 12, Nov. 5, November 13, A S S E TS 1975 1975 1974 Gold certificate account 11,, 599 mm mm + 139 Special Drawing Rights certif. acct. * 500 — — + 100 Cash (1,285) 382 - 2 + 143 Loans 70 + 18 - 555 Acceptances--Bought outright 720 - 27 + 506 Held under repurchase agreements 160 - 69 + 158 Federal Agency obligations—Bought outright 6 ,3 072 +2,, 061 Held under repurchase agreements 212 + 172 + 212 U.S. Government securities: Bought outright—Bills 33,, 161 +2,715 -1,, 187 Certificates —— «» — *» — Notes 43,, 400 —1 «• +3,, 681 Bonds 5,, 104 — +2,, 007 Total bought outright 1/2/ 81,, 665 +2,, 715 +4,, 501 Held under repurchase agreements 31, 027 +2., 413 +3;, 027 Total U.S. Government securities 84,, 692 +5,, 128 +7.. 528 Total loans and securities 91,926 +5,, 222 +9,910 Cash items in process of collection (1,471) 8,, 619 + 511 "I:, 722 Bank premises 314 + 1 + 59 Operating Equipment 11 - - + 11 Other assets 3/ 3,, 478 + 79 + 354 TOTAL ASSETS (2,756) 116,, 829 +5,, 811 +8,, 994 L I A B I L I T I ES Federal Reserve notes (1,285) 74,, 917 +1,022 +6:, 115 Deposits: Member bank-reserves account 30,, 059 +5,, 358 +1:, 979 U.S. Treasury--general account 2, 577 - 489 +2,, 321 Foreign 222 - 133 - 50 Other 4/ 642 - 50 - 121 Total deposits 33,, 500 +4., 686 +4,129 Deferred availability cash items (1,471) 5,, 297 + 51 -1 ,=3 68 Other liabilities and accrued dividends 1,, 086 - 59 - 51 TOTAL LIABILITIES (2,756) 114,, 800 +5 :, 700 +8., 825 C A P I T AL A C C O U N TS Capital paid in 919 + 1 + 28 Surplus 897 * mm + 53 Other capital accounts 213 + 110 + 88 Contingent liability on acceptances purchased, for foreign correspondents ~ - — -2 ,050 * Figures in parentheses are the eliminations made in the consolidating process. v Excludes $2,261 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. % Includes assets denominated in foreign currencies. Includes $17 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 System1s program of credit restraint. MATURITY DISTRIBUTION: OF LOANS AND SECURITIES. NOVEMBER 12, 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 changes Within 15 days 52 242 7,766 +3,933 266 +226 16 days to 90 days 18 298 14,967 +1,860 181 - 54 SI days to 1 year 340 22,348 - 665 675 Over 1 year to 5 years 30,051 3,282 Over 5 years to 10 years 5,893 1,284 Over 10 years 3,667 — 596 -- Total 70 880 84,692 +5,128 6,284 +172 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 12, 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 1,285 95 223 36 60 113 170 36 23 30 47 80 372 Other cash 382 26 30 10 46 42 49 33 29 16 40 17 44 Loans 70 30 3 2 * 19 7 1 1 4 2 1 Acceptances: Bought outright 720 — — 720 — — — — — -- -- — — — -- — Held under repurchase agreements 160 — — 160 — — —- — — — — — — — — Federal Agency obligations-- Bought outright 6,072 282 1,457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements 212 -— 212 — — —— — -- — — — -- — U.S. Government securities: Bought outright— Bills 33,161 1,541 7,958 1,947 2,620 2,680 1,732 4,995 1,263 725 1,355 1,696 4,649 Certificates #» * W — — — — — — - - — — —— —— —— — — — 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/ 81,665 3,796 19,598 4,796 6,452 6,599 4,264 12,301 3,111 1,784 3,338 4,175 11,451 Held under repurchase agreements 3,027 «•» — 3,027 — — — — — — —— — — —- -- — — Total U.S. Government securities 84,692 3,796 22,625 4,796 6,452 6,599 4.264 12,301 3,1H 1.784 3,338 4,175 11,451 Total loans and securities 91,926 4,108 25,177 5,155 6,932 7,090 4,600 13,223 3,343 1,918 3,590 4,487 12,303 Cash items in process of collection 10,090 445 1,034 464 501 1,531 960 1,548 615 453 841 668 1,030 Bank premises 314 86 20 49 26 21 14 16 13 33 16 12 8 Operating Equipment 11 —— 2 3 — — — — 2 -- — 2 2 Other assets 3/ 3,478 99 1,817 131 165 168 138 315 84 49 86 106 320 Interdistrict settlement account -0- + 103 -1,084 - 473 + 207 - 58 + 239 +1,534 + 207 - 13 - 108 - 457 97 TOTAL 119,585 5,516 30,673 6,074 8,868 9,933 6,809 18,552 4,785 2,702 4-949 5,356 15,368 * Less than $500,000. 1/ Excludes $2,261 million of securities sold, and scheduled tor 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 NOVEMBER 12, 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 76,202 3,755 19,053 4,530 6,603 6,981 3,845 12,131 3,212 1,525 2,724 2,897 8,946 Deposits: Member bank reserves 30,059 1,161 9,307 895 1,470 1,291 1,850 4,969 866 568 1,087 1,661 4,934 U.S. Treasury—general account 2,577 98 93 215 113 273 382 168 102 205 317 79 532 Foreign 222 10 1/ 45 11 21 13 18 37 8 6 10 13 30 Other 2/ 642 -- 479 1 — 10 31 9 47 1 2 46 16 Total deposits 33,500 1,269 9,924 1,122 1,604 1,587 2,281 5,183 1,023 780 1,416 1,799 5,512 Deferred availability cash items 6,768 366 883 263 406 1,168 464 779 444 322 668833 449988 449922 Other liabilities and accured dividends 1.086 47 298 64 79 79 66 146 37 22 41 50 157 TOTA LIABILITIES 117,556 5,437 30,158 5,979 8,692 9,815 6,656 18,239 4,716 2,649 4,864 5,244 15,107 CAPITAL ACCOUNTS Capital paid in 919 35 232 42 81 52 72 142 31 25 39 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 213 9 48 11 17 16 12 33 8 6 9 12 32 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 119,585 5,516 30,673 6,074 8,868 9,933 6,809 18,552 4,785 2,702 4,949 5,356 15,368 Contingent liability on acceptances purchased for foreign correspondents -- -- — -- - - — — — • — - FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 78,996 3,913 19,522 4,642 6,775 7,175 4,280 12,264 3,359 1,574 2,887 3,017 9,588 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 20 10 18 19 59 Acceptanances -- -- -- —— -— — «* mm mt U.S. Government securities 69.610 3.400 16.350 4.150 6.110 6.260 4.000 11.400 2.920 1.410 2.500 2.610 8.500 Total collateral 81,508 3,954: 19,803 4,818 6,998 7,240 4,639 13,168 3,389 1,626 2,936 3.051 -9.886 V After deducting $177 million participations of other Federal Reserve Banks. 2/ Includes $17 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