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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release August 22, 1974 Member bank reserves, Reserve Bank credit, and related items Reserve Bank credit: U.S. Government securities-Bought outright--System account Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements Acceptances-Bought outright Held under repurchase agreements Loans-Total member bank borrowing Includes seasonal borrowing of: Other borrowing Float Other F.R. assets Total Reserve Bank credit Gold Stock Special Drawing Rights certif. acct. Treasury currency outstanding Currency in circulation Treasury cash holdings ** Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks, Other deposits with F.R. B a n k s Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages (:>f daily figures Week ended Change from week ended WednesdayAugust 21, August 14, 1 August 22. August 21, 1974 1974 1 1973 1974 (In millions of dollars) 1/ +1,234 + 435 + 6,623 4- 205 81,468 429 3,582 239 + 239 + 1,968 4- 230 3,582 337 234 78 + + 16 78 189 59 250 65 81,138 435 + + 3,437 166 397 6 + 1 303 + 3 3,113 167 1,966 914 92,024 11,567 400 8,955 112,946 58 610 +1,733 723 + 142. + 9,998 + 1,157 + +1,735 + 406 +11,561 2,386 1,118 92,748 11,567 400 8,959 113,674 41 2 572 159 42 155 805 + 6,412 77 + 1,528 + 80 51 436 + + 8,327 74,903 273 2,456 303 738 3,290 81,963 930 694 236 127 109 + 3,233 + 456 31,711 6,35 3 38,064 36,924 1,140 74,875 276 2,447 428 833 3,262 82,120 30,825 6,353 37,178 36,924 254 + + + + + + + + + 3,"5 7 7 + 3,362 + 215 A net of $109 million of surplus reserves were eligible to be carried forward from the week ended August 14, into the week ending August 21. On August 21, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,721 million, a decrease of $45 million for the week. ]_/ Includes $127 million securities loaned-~fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ * ~'v Includes $91 million of certain deposits of domestic nonmember banks and 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 1 s program of credit: restraint. Estimated (Sari Francisco District^, Estimated. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 21, Aug. 14, Aug. 2 2 , " 1974** . _1274 197.3 A S S E T S 11,460 Gold certificate account +1 ? 157 --Special Drawing Rights certif. accts. 400 Cash (1,318) 208 + 5 - 104 Loans 4- 198 3,113 + 76 Acceptances—Bought outright 250 4- 35 + 204 Held under repurchase agreements 65 + 65 + 12 Federal Agency obligations—Bought outright 3,582 — +1,968 Held under repurchase agreements 337 + 337 + 313 U.S. Government securities: Bought outright—Bills 38,829 +1,247 +5,229 Certificates Other Notes 39,582 +2,208 - 199 Bonds 3,057 + 199 - 371 Total bought outright 81,468 +1,2^7 +7,066 Held under repurchase agreements 429 + 429 - 125 Total U.S. Government securities 81,897 4-1,676 +6,941 Total loans and securities 89,244 +9,514 +2,311 Cash items in process of collection (1,711) 7,953 - 130 -1,014 Bank premises 245 -+ 35 Other assets 2J - 422 873 + 331 TOTAL ASSETS (3,029) 110,383 ±1,764 +9,919 L I A B I L I T I E S . Federal Reserve notes Deposits: Member bank-reserves account U. S. Treasurer—general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ A £ I 1 A L A££OUNTS. Capital paid in Surplus Other capital accounts (1,318) (1,711) (3,029) 66,318 31,711 2,456 303 738 35,208 5,567 1,193 108,286 881 844 372 - 255 +1,846 + 487 4 55 - 191 +2,197 - 327 •± 33 +1,648 +5,859 +3,290 + 488 + 26 34 +3,770 - 154 + 276 +9,751 + + + + 116 55 51 62 Contingent liability on acceptances purchased for foreign correspondents 1,171 + 4 0 + 653 * Figures in parentheses are the eliminations made in the consolidating process, 1/ Includes $127 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 2/ Includes assets denominated in foreign currencies. 3/ Includes $91 million of certain deposits of domestic nonmember banks and foreignowned 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 (San Francisco District). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 21 r 1974 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency U.S. Government obligations Acceptsecurities Loans Weekly Holdings Weekly ances Holdings changes Changes Within 15 days -4,422 2,898 365 91 6,264 +353 16 days to 90 days 215 65 - 16 163 +2,919 21,093 „« 91 days to 1 year 61 441 .21,741 + 313 Over 1 year to 5 years -— — 21,024 1,719 +1,057 Over 5 years to 10 years -— -865 +1,939 9,893 Over 10 years .. — -1,882 464 - 130 Total 3,113 +1,676 315 3,919 81,897 +337 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) Total ' Boston New York Philadelphia Cleveland Richmond Atlanta On A S S E T S AUGUST 21, 1974 Chicago St. Louis Minneapolis Kansas City Da Lias San* Francisco millions of dollars) 11,460 400 754 23 2,468 93 708 23 974 33 1,073 36 462 22 1,677 70 379 15 271 7 363 15 626 14 1,705 49 F.R. notes of other banks Other cash 1,318 208 87 12 300 22 60 8 51 26 124 18 216 29 73 20 40 16 35 5 41 20 77 12 214 20 Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligations-Bought outright Held under repurchase agreements U.S. Government securities: Bought outright-Bills Certificates: Other Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities 3,113 61 1,607 47 43 199 313 359 46 57 98 110 173 250 65 --- 250 65 — -- — — --- -— — — — -- — — -— — — — — 3,582 337 165 924 337 194 276 263 191 576 490 -- -- -- — — — 38,829 1 ,786 10,016 2,101 2,991 2,851 Gold certificate account Special Drawing Rights certif. acct. Cash items in process of collection Bank premises Other assets 2/ TOTAL ASSETS \_j 6,244 -- -- 1 ,821 141 ,748 ~~T — ~T3 ,748 ,974 10,211 789 21,016 429 2U445 24,628 2,142 165 4,408 4,408 4,649 6,275 6,594 5,980 6,442 4,354 4,858 13,101 14,036 9,664 245 873 336 55 37 1,509 11 209 396 21 51 517 27 63 1,080 14 59 994 15 53 1,354 16 119 496 14 27 29,240 5,916 8,285 8,846 6,649 17,365 4,204 5,278 -. -- «- 2,905 224 5,980 2,115 163 4,354 6,365 492 13,101 1,447 -_ -- -« 3,049 235 6,275 -- 39,582 3,057 81,468 429 81,897 89,244 113,412 — 2,076 134 »„ — -- _ .. 74 141 154 — — — 807 1,523 1 ,671 -5,316 — _- -- «- 1,476 822 114 63 3,037 ~~™T,692 1,553 120 3,196 1 ,704 132 _ _ ,507 5,419 419 11,154 3,196 3,435 . -,507 3 ,771 ~11,154 11,817 460 35 24 696 17 31 675 12 36 1,151 8 164 2 ,660 4,618 5 ,223 15,128 — — 3,037 "" ZJL,692 3,217 " 1,823 1/ Includes $127 million securities loaned -fully secured by U.S, Government securities pledged with Federal Reserve Banks,, 2/ Includes assets denominated in foreign currencies. * Estimated (San Francisco District). -. — K«4.1(c) STATEMENT OF CONDITION OF EACFi FEDERAL RESERVE BANK ON AUGUST 21, 1974 Total New York Boston Phila-|Clevedelphi&j land Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San * Dallas Francisco (In millions of dollars) k I k 1 Lk 11 I EL ! Federal Reserve, notesDeposits: Member bank reserves II. S* Treasurer--general account Foreign Other 3/ Total deposits Deferred availability cash items Other liabilities and accriled dividends TOTAL LIABILITIES CAFITAL ACCOUNT Capital paid in Surplus Other capital aceourts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on aceieptances purchased for foreign correspondents 3,266 16,837 4,194 5,439 6,060 3,601 11,178 2,728 1,258 2,540 2,559 7,976 i5407 9,4^7 129 1/ 3l6 11 109 5 587 1,552 10,459 325 1,068 959 2,021 108 25£ 1.3 23 8 1 1,238 2,153 319 425 1,286 332 14 30 1,662 920 1,904 242 19 22 2,187 636 4,310 326 41 43 4,720 964 846 172 9 3 1,030 333 774 135 6 3 918 411 1,178 115 11 7 1,311 637 1,799 160 14 10 1,983 523 5,780 163 33 19 5,995 717 1.193 111,315 51 5,194 327 28,691 65 5,816 87 8,104 81 8,723 6,498 42 17* 17,040 4,133 24 2,611 4,532 48 5,113 17? 14,860 881 844 372 35 34 15 228 215 106 41 42 17 78 74 79 50 47 ?6 21 20 8 37 35 14 48 46 16 111 108 4Q 5,278 _ 29^240 •5 01/; •1,223 15,128 67,636 31,711 2,456 303 1 738 1 35,208 7,278 113,412 1J71 l LR "J 299 57 1L 99 J8.^2fli-_J3J54£_ -JLM±— 103 66 136 132 ^7 67 62 29 29 13 klx 17,365 -JiODk- —2».66Q _4,fiia 8 V84 27 48 64 150 1,317 2,711 2,754 8,519 -- 5 -. 2,800 2,800 7,780 2,785 8,700 8,700 40 FEDERAL RESEIIVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notesGold certificate account U. S. Government securit]Les Total collateral \J 70,717 3,395 17,640 4,260 5,588 6,296 2,275 100 -- 300 350 720 69,650 ^ 71,925 3,350 3,450 17,850 17,850 4.100 4,400 5.400 5,750 5.635 6,355 After deducting $ 194 million participations of other Federal Reserve Banks. 3,932 11,408 2,897 700 100 10r800 11,500 2,885 2,985 — 4r000 4,000 * — 1,350 1,350 Estimated (San Francisco District), V After deducting $ 872 million participations of other Federal Reserve Banks. 3/ Includes $91 million of certain deposits of domestic non-member banks and foreign-owned banking insti itutions held with member banks and redeposited e eral R e 3 e r v e o2 5 Banks in connection with voluntary participation by non-member institute ons in the Federal Reserve System's program of 0 £V£\.?o£iL? V~.LGU.JLL restraint.
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