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 November 20, 1975 Averages of daily figures MMeemmbbeerr bbaannkk rreesseerrvveess,, WWeeeekk eennddeedd Change from week ended WWeeddnneessddaayy RReesseerrvvee BBaannkk ccrreeddiitt,, NNoovv.. 1199,, Nov. 12, Nov. 20, NNoovv.. 1199,, aanndd rreellaatteedd iitteemmss 11997755 1975 1974 11997755 Reserve Bank credit: ]/ (In millions of c lollars) 22// U.S. Government securities-- Bought outright--System account 83,393 +2,016 +4,208 84,300 Held under repurchase agreements 616 + 184 + 249 1,487 Federal Agency obligations- Bought outright 6,072 — — +1,777 6,072 Held under repurchase agreements 35 + 5 77 108 Acceptances— Bought outright 729 7 + 473 724 Held under repurchase agreements 67 + 44 33 213 Loans-- Total member bank borrowing 59 + 19 -1,308 92 Includes seasonal borrowing of: 26 1 37 25 Other borrowing — — - - Float 2,844 + 555 - 174 2,939 Other F.R. assets 3.474 - 278 + 507 3.082 Total Reserve Bank credit 97,289 +2,539 +5,622 99,017 Gold Stock 11,599 — — + 32 11,599 Special Drawing Rights certif. acct. 500 •• mm + 100 500 Treasury currency outstanding 10.049 + 94 + 931 10.056 119,437 +2,633 +6,685 121,172 Currency in circulation * 84,031 + 517 +6,822 84,252 Treasury cash holdings * 400 + 30 + 100 400 Treasury deposits with F.R. Banks 3,321 + 453 +2,672 4,175 Foreign deposits with F.R. Banks 315 + 42 - 197 244 Other deposits with F.R. Banks 3/ 566 - 17 - 215 566 Other F.R. liabilities and capital 3.202 + 93 + 142 3.325 91,835 +1,117 +9,324 92,962 Member bank reserves: With Federal Reserve Banks 27,602 +1,516 *2,638 28,219 Currency and coin 7.117 - 587 + 545 7.117 Total reserves held 34,719 + 929 -2,093 35,327 Required reserves 34,566 + 788 -2,219 34,566 Excess reserves 153 + 141 + 126 761 NOTE: A net of $36 million of surplus reserves were eligible to be carried forward from the week ended November 12, into the week ending November 19. On November 19, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $43,066 million, an increase of $684 million for the week. 1/ Net of $484 million, daily average, matched sale-purchase transactions outstanding during the statement week. 2/ Includes $118 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ 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 Digitized for FRASERF ederal (Reserve System ' s program of credit restraint. http://fras*er .sEtslotuiismfeadt.oerdg/ (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 November 19 November November 20, A S S E TS 1975 19, 1975 1974 i Gold certificate account 11,599 + 139 Special Drawing Rights certif. acct* * 500 - — + 100 Cash (1,390) 375 - 7 + 133 Loans 92 + 22 -2,4 44 Acceptances—Bought outright 724 + 4 + 427 Held under repurchase agreements 213 + 53 - 61 Federal Agency obligations--^Bought outright 6,072 —— +1, 730 Held under repurchase agreements 108 - 104 - 183 U.S. Government securities: Bought outright--Bills 35,441 +2 ,280 + 274 Certificates Notes 43,542 + 142 +3, 955 Bonds 5,317 + 213 +2, 088 Total bought outright 1/ 84,300 +2 ,635 +6, 317 Held under repurchase agreements 1,487 -1 ,540 + 631 Total U.S. Government securities 85,787 4-1, 095 +6, 948 Total loans and securities 92,996 +1 ,070 +6, 417 Gash items in process of collection (1,874) 8,643 + 24 - 617 Bank premises 316 + 2 + 60 Operating Equipment 11 — — + 11 Other assets 2i 2,755 - 723 + 98 TOTAL ASSETS (3,264) 117,195 + 366 +6, 341 L I A B I L I T I ES Federal Reserve notes (1,390) 74,971 + 54 +6, 310 Deposits: Member bank-reserves account 28,210 -1 ,849 -2 8j8 0 U.S. Treasury—general account 4,175 +1 ,598 +2, 826 Foreign 244 + 22 - 255 Other V 566 - 76 - 73 Totql deposits 33,195 - 305 •• - 382 Deferred availability cash items (1,874) 5,704 + 407 + 186 Other liabilities and accrued dividends 1,185 + 99 - 31 TOTAL LIABILITIES (3,264) 115,055 + 255 +6 ,j0 83 C A P I T AL A C C O U N TS Capital paid in 920 + 1 + 29 Surplus 897 —— + 53 Other capital accounts 323 + 110 + 176 Contingent liability on acceptances purchased, for foreign correspondents -1,946 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Includes $118 million securities loaned-!-fully secured by U.S. Government securities pledged with Federal Reserve Banks. %J Includes assets denominated in foreign currencies. 3/ Includes $17 million of certain deposits qf 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, NOVEMBER 19, 1975 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 davs in accordance \r ith maximum maturity of the agreements.) U.S. Government Federal Agency Loans Accept- securities obligations ances Holdings Weekly Holdings Weekly changes changes Within 15 days 86 279 5,767 -1,999 225 - 41 16 days to 90 days 6 319 20,001 +5,034 118 - 63 91 days to 1 year -- 339 19,711 -2,637 675 -- Over 1 year to 5 years — -- 30,161 + 110 3,282 -- Over 5 years to 10 years -- -- 6,266 + 373 1,284 -- Over 10 years -- — 3,881 + 214 596 Digitized for FRASER Total 92 937 85,787 +1,095 6,180 -104 http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1(b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 19, 1975 New Phila- Cleve- Rich- St. Minne- Kansas 1 1 San Total Boston York delnhia land mond Atlanta Chicago Louis apolis Citv | Dallasl Francisc< (In millions of dollars) A S S E TS Gold certificate account 11,599 530 3,3 30 668 888 981 611 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 1,390 85 256 57 59 131 180 49 32 30 42 90 379 Other cash 375 25 27 9 47 41 49 31 28 16 41 17 44 Loans 92 28 4 6 — — — — 21 2 2 2 7 2 18 Acceptances: Bought outright 724 -- 724 -- — -- — -- — Held under repurchase agreements 213 — — 213 -- — -- -- -- — Federal Agency obligations-- Bought outright 6,072 282 1,, 457 357 480 491 317 915 231 133 248 310 851 Held under repurchase agreements 108 -- 108 — -- -- — — -- — U.S. Government securities: Bought outright— Bills 35,441 1:, 648 8 : , 505 2,081 2,800 2,864 1,850 5,338 1,350 774 11,,444499 1,8 12 4,970 Certificates — — — — — — —— — -- — — — -- -- — Notes 43,542 2 3 , 024 10,, 449 2,, 557 3,440 3,519 2,273 6,559 1,659 951 1,780 2,, 226 6,105 Bonds 5,317 247 1 ,276 312 420 429 278 801 203 116 217 272 746 Total bought outright 1/ 84,300 3,, 919 20 ,230 4., 950 6,660 6,812 4,401 12,698 3,212 1,841 3,446 4., 310 11,821 Held under repurchase agreements 1,487 — — 1 ,487 — — — — — ™ —— — — - -- -- — Total U.S. Government securities 85,787 3., 919 21 ,717 4., 950 6,660 6,812 4,401 12,698 3,212 1 : , 841 3,446 4 ,310 11,821 Total loans and securities 92,996 4,, 229 24,223 5 ; , 313 7,140 7,303 4,739 13,615 3,445 1,, 976 3,701 4., 622 12,690 Cash items in process of collection 10,517 435 1 ,478 389 541 1,530 863 1,414 495 528 869 659 1,316 Bank premises 316 86 20 49 26 22 14 16 13 33 17 12 8 Operating Equipment 11 — 2 3 — -- -- 2 --, 2 2 Other assets 2j 2,755 61 1 ,621 86 108 107 140 200 49 36 56 71 220 Interdistrict settlement account -0- - 1 - 399 - 551 + 318 - 145 + 12 +1,232 + 169 + 50 - 243 - 238 - 204 TOTAL 120.459 5 .474 30.682 6.054 9,170 10,015 6,53$ 18,404 4,702 2,, 885 4,920 5 ,676 15,841 V Includes $118 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ 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 BASK ON NOVEMBER 19, 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>361 3,772 19,117 4,555 6,621 6,987 3,847 12,161 3,211 1,527 2,735 2,891 a,937 Deposits: ~ Member bank reserves 28,210 1,006 7,538 850 1,595 1,311 1,613 4,361 815 656 1,144 1,865 5,456 U.S. Treasury—general account 4,175 140 1,571 147 210 248 345 481 220 155 171 208 279 Foreign 244 9 V 81 10 19 12 17 34 8 5 9 12 28 Other 2/ 566 «. — 452 1 1 12 32 10 -- 2 2 28 26 Total deposits 33,195 1,155 9,642 1,008 1,825 1,583 2,007 4,886 1,043 818 1,326 2,113 5,789 Deferred availability cash items 7,578 414 1,085 325 458 1,236 496 873 337 459 727 503 665 Other liabilities and accured dividends 1.185 50 295 64 81 82 127 115 38 25 43 52 173 TOTAL LIABILITIES 118,319 5,391 30,139 5,952 8,985 9,888 6,477 18,075 4,629 2,829 4,831 5,559 15,564 CAPITAL ACCOUNTS Capital paid in 920 35 232 42 81 52 72 142 31 26 39 51 117 Surplus 897 35 235 42 78 50 69 138 30 22 37 49 112 Other capital accounts 323 13 76 18 26 25 18 49 12 8 13 17 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 120,459 5,474 30,682 6,054 9,170 10,015 6,636 18,404 4,702 2,885 4,920 5,676 15,841 FEDERAL RESERVE AGENTS1 ACCOUNTS F.R. notes outstanding 79,354 3,920 19,630 4,682 6^823 7,182 4,305 12,344 3,395 1,568 i,U23 9,593 Collateral for F.R. notes: Gold certificate account 11,597 530 3,330 668 888 980 611 1,768 449 206 418 422 1,327 Special Drawing Rights certif. acct. 24 124 -- — -- 28 -- 20 10 18 19 59 Acceptances U.S. Government securities 69.765 3.400 16.350 4.150 6.110 6.350 4.000 11.400 2.970 1.410 2.500 2.625; 8.500 Total collateral | 81,664 3,954 19,804 4,818 6,998 7,330 4,639 13,168 3,439 1,626 2,936 3,066 9,886 2/ Tncludes $17 million of certain deposits of foreign-owned banking institutions held with member banks and redeposited in full wi»h 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