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•:o <£££&/. FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of RR. Banks H.4.1 For immediate release August 29, 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 obligationsBought 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 credlt 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. Banks 3/ Other F.R. 1i ahi1-?11es and zapi ta1 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE: Averages of daily figures Week en^ed Chan ge from week ended Wednesday August 28, Aug. 21, Aug. 29, Aug. 28,* 1974 1974 * 1974 1973 (In millions of dollars) 1/ 1/ 302 - 74 -133 + 6,132 + 60 j , 58.C, «- 228 - 11 + 1,975 + 170 270 115 + 36 + 37 + + 222 83 275 133 3,533 + 96 - 5 + - 975 24 3,434 -. -» + 6 +140 „ 119 + 397 + 9,895 + 1,157 -+ 407 +11,459 2,380 1,103 88,848 11,567 -256 + 2 +744 -121 - 55 +129 +444 _|,6,408 64 JL 1,542 -JL 21 ~ 4 + 447 + 8,352 -305 +256 - 49 - 31 - 18 + 3,105 + 348 + 3,341 + 3,219 + 122 81,064 161 1,927 1,1*5 92,167 11,567 400 8,961 113,095 74.616 281 3,191 307 778 3,391 82,565 30,529 6,609 37,138 36,893 245 48 +23 i +134 | 77,414 187 3,582 340 157 400 8,964 109,779 74,996 i 306 2,950 324 719 3,434 82,729 1 27,049 6,609 33,658 36,893 -3,235 A net of $165 million of surplus reserves were eligible to be carried forward from the week ended August 21, into the wee1? ending August 28. On August 28, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,464 million, a decrease of $257 million for the week. J7 Excludes $4,596 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $150 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $93 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 (New York,Philadelphia,Cleveland,Richmond,Dallas and San Francisco Districts) H.4.1(a) CQNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Aug. 29, August 28, |Aug. 21, 1973 1974 1974 ** A S S E T S Gold certificate account 11,460 +1,157 — 400 Special Drawing Rights certif. accts. — — 83 224 (1,321) Cash + 16 3,434 - 33 Loans + 321 + 229 Acceptances — Bought outright 275 + 25 + 133 133 Held under repurchase agreements + 68 +1,985 3,582 Federal Agency obligations—Bought outright — Held under repurchase agreements 340 + 340 + 3 U.S. Government securities: Bought outright—Bills +1,208 -4,054 34,775 Certificates Other Notes 39,582 +2,208 — Bonds 3,057 - 371 — Total bought outright 1/ 2/ +3,045 77,414 -4,054 Held under repurchase agreements 187 - 242 + 187 Total U.S. Government securities -4.296 +3,232 77.601 Total loans and securities 85,365 -3,879 +5,886 Cash items in process of collection (1,763) 7,789 - 164 - 102 Bank premises 245 + 35 .. Other assets %J 858 15 + 271 TOTAL ASSETS (3,084) "4,042 +7,164 106,341 t i A l I t I T I E S Federal Reserve notes Deposits: Member bank-reserves account U. S. Treasurer—general account Foreign Other 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES (1,321) 66,456 27,049 2,950 324 719 31,042 5,409 1,220 104,127 (1,763) (3,084) £ A £ I 1 £ L A C C O U N T S Capital paid in Surplus Other capital accounts * \J 2/ .3/ 4-/ ** 882 844 488 + 138 -4,662 + 494 + 21 J= L9L. -4,166 - 158 + 27 -4,159 +6,023 - 741 +1,519 + 67 + + + + 1 — + 116 V + 824 35 + 162 +6,974 55 51 84 Contingent liability on acceptances purchased for foreign correspondents 1,182 + 1 1 + 664 Figures in parentheses are the eliminations made in the consolidating process. Excludes $4,596 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $150 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $93 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 (New York, Philadelphia, Cleveland, Richmond, Dallas, and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, AUGUST 28, 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 .S. Government Loans obligations Acceptsecurities* ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 3,400 156 2,804 -3,460 + 6 371 16 days to 90 days 34 178 19,343 -1,750 99 +34 91 days to 1 year 22,655 74 +24 + 914 465 Over 1 year to 5 years 21,024 -61 1,658 Over 5 years to 10 years 9,893 865 Over 10 years -1,882 ~ 464 Total 3,434 408 77,601 -4,296 3,922 + 3 1 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON AUGUST 28, 1974 H.4.1(b) Total Boston New * York St. Phila-* * Cleve- * Richland mond delphia Atlanta Chicago Louis Minne- * apolis Kansas City Dallas San * Francisco (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. Cash icems in process of collection Bank premises Other assets 3/ TOTAL ASSETS 1/ 27 3/ * 2,109 914 23 1,370 1,049 36 70 483 15 246 7 426 15 537 14 1,399 33 515 22 1,780 93 224 96 13 317 20 63 11 48 25 122 18 197 23 72 21 43 16 42 26 39 19 75 12 207 20 3,434 62 1,628 98 60 366 289 261 50 107 108 140 265 275 133 — -- 275 133 — — — -« — — — — — — — « — — — — 3,582 165 263 191 400 F.R. notes of other banks Loans Acceptances: Bought outright Held under repurchase agreements Federal Agency obligationsBought outright Held under repurchase agreements U.S. Government securities: Bought outright— Bills Certificates: Other Notes Bonds Total bought outright 1/ 1) Held under repurchase agreements Total U.S. Government securities Total loans and securities 632 23 11,460 1,321 276 — 924 340 194 340 — — 34,775 1,600 8,970 1,882 39,582 3.057 77,414 1,821 -- 1 — 10,211 — 2,142 2,678 — 3,049 — -576 134 74 141 154 — -- — — — — 2,553 1,859 5,592 1,296 1,364 1,497 — 2,905 .. 2,115 -- — 6,365 1,476 141 789 165 235 224 163 492 114 3,562 19,970 4,189 5,962 5,682 4,137 12,449 2,886 187 -- 187 — 77,601 85,365 3,562 3,789 20,157 23,457 4,189 4,481 5,962 6,298 5,682 6,311 4,137 4,617 12,449 13,286 9,552 245 858 375 55 36 1,338 395 21 48 484 27 65 1,141 14 59 967 15 47 1,356 11 212 16 124 438 14 28 109,425 5,019 27,557 5,956 8.350 8,750 6,403 16,725 4,107 ! | ! — — -- .. — — — — 723 — ~T 499 -4,761 .. -- 822 63 1,553 120 132 419 ,608 3,037 3,333 10,599 ... ~" 2%886~~_ . °^MZ 3,070 1 ,789 Excludes $4,596 million of securities so Id, and scheduled to be bought back, under matched sale-purchase transactions. Includes $150 million securities loaned -fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign c urrencies. Estimated (New York, Philadelphia, Cleveland, Richmond, Dallas and San Francisco Districts). — 49 5,419 1,704 — — ™ """JToiT" ^ _ ^ -« . 3,286 3,627 436 35 24 717 17 31 790 12 37 2 ,605 /. c en 5 s 104 iX\599 11,35'* i,li - 8 ! ' ~* 1^,299 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 2 8 , 1 9 7 4 Total * New York Boston Phila- Cleve-* delphia land Rich* mond Atlanta Chicago * San * Dallas Francisco St. Louis Minneapolis Kansas City 2,533 2,562 8,001 1,124 133 12 6. 1,275 608 1,453 242 16 1.1 1,722 657 4,939 129 36 21 5,125 709 (In millions of dollars) Federal Reserve notes Deposits: Member bank reserves U. S. Treasurer--general account Foreign Other 1/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS Contingent liability on ace.eptances purchased for forei-gn correspondents 67,777 3,260 16,875 4,185 5,439 6,096 3,669 11,160 2,723 1,274 27,049 2,950 324 7,136 1,009 211 , 908 12111 594 9 8,749 1,241 1,018 376 1,004 248 14 8 1,274 321 1,971 265 25 2 2,263 369 1,244 166 16 25 1,451 988 1,897 131 21 21 i ?70 M 3,716 288 45 15 4,064 973 782 161 10 4 957 309 774 68 6 3 851 403 r7 1 9 31,042 7,172 : . 220 107,211 54 4,931 329 26,971 71 5,851 92 8,163 85 8,620 62 6,242 184 16,381 43 4,032 26 2,554 45 4,461 50 4,991 179 14,014 882 844 488 35 34 19 228 215 143 41 42 22 78 74 35 50 47 33 67 62 32 137 132 75 29 29 17 21 20 10 37 35 17 48 46 19 111 108 66 109,425 5,019 27,557 5,956 8,350 8^750 5,104 14,299 1,182 49 58 104 66 _t,403 _ _JL6,7_25_ 4,107^ 2^605 _4 ? = 550__ 3/ 301 6 186 40 27 49 65 151 1,314 697 2 741 8 506 FEDERAL RESERVE AGENTS' ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U, S. Government securities Total collateral 1/ 7/ 3/ * 70 813 3 388 2 380 100 69 ,575 71 955 3 350 3 450 17,763 17.850 17,850 4 ,270 5 ,595 6.315 300 350 750 4 100 4 400 5 400 5 ,750 5,635 6,385 3,945 4,000 4,000 11 396 2 ,883 700 175 10 800 11, 500 2 810 2 ,985 5 1,350 1,350 2 800 2 800 2 780 2 785 8 700 8, 700 I A f t e r d e d u c t i n g $213 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l Reserve Banks* A f t e r d e d u c t i n g $881 m i l l i o n p a r t i c i p a t i o n s of o t h e r F e d e r a l R e s e r v e Banks. I n c l u d e s $93 m i l l i o n of c e r t a i n d e p o s i t s of d o m e s t i c non-member banks and foreign-owned banking i n s t i t u t i o n s h e l d w i t h member banks and r e d e p o s i t e a in f u l l w i t h F e d e r a l R e s e r v e Banks in c o n n e c t i o n w i t h v o l u n t a r y p a r t i c i p a t i o n bv non-member i n s t i t u t i o n s in t h e F e d e r a l R e s e r v e S y s t e m ' s program of c r e d i t r e s t r a i n t . E s t i m a t e d (New York, P h i l a d e l p h i a , C l e v e l a n d , Richmond, D a l l a s , and San F r a n c i s c o D i s t r i c t s ) .
@FedFRASER