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FEDERAL RESERVE
••?f^rp?--"
Factors Affecting Bank Reserves and
Condition Statement of F.R. Banks
H.4.1
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
AcceptancesBought 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
For immediate release
December 26, 1974
Averages of daily figures
Week ended Change from week ended Wednesday
Bet. 2b, Dec. 25,
Dec. 25, t)ec. 18,
1974 *
1974
1973
1974
(In millions of dollars)
81,059
1,739
+ 398
+1,255
+3,615
+1,042
81,283
2,239
4,702
742
+
+
206
541
+2,904
+ 594
4,702
1,034
517
278
+
+
33
179
+
+
457
117
540
323
662
29
159
1
-
377
6
427
29
2,278
3,141
95,117
11,652
400
9,194
116,363
283
94
+2,263
-2,406
+1,912
+7,857
+
85
16
+2,279
+ 522
+8,465
2,609
3,154
96,311
11,652
400
9,208
117,571
+
79,813
212
2,671
450
775
3,463
87,384
30,187
6,972
37,159
36,427
732
Currency in circulation **
Treasury cash holdings **
Treasury deposits with F.R. Banks
Foreign deposits with F.R. Banks
Other deposits with F„R. Banks 2/
Other F.R. liabilities and capital
79,336
212
2,471
345
752
3,399
86,515
+1,545
62
69
+ 186
+2,041
+7,103
- 116
+ 243
- 186
58
+
+ 352
+7,454
Member bank reserves:
With Federal Reserve Banks
Currency and coin
Total reserves held
Required reserves
Excess reserves
29,848
6,972
36,820
36,427
393
+
+
+
+1,010
+ 464
+1,390
+1,469
79
NOTE:
1/
2/
3/
*
**
441
238
179
59
174
233
A net of $25 est. million of surplus reserves were eligible to be carried forward
from the week ended December 18, into the week ending December 25.
On December 25, 1974, marketable U.S. Government securities held in custody
by the Federal Reserve Banks for foreign and international accounts were
$32,337 million, a decrease of $277 million for the week.
Excludes $325 million of securities sold, and scheduled to be bought back, under
matched sale-purchase transactions.
Includes $116 million securities loaned—fully secured by U.S. Government securities
pledged with Federal Reserve Banks.
Includes $25 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 System1s program of credit restraint.
Estimated (Cleveland and San Francisco Districts).
Estimated (Treasury1s Figures).
H.4.1(a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
(In millions of dollars)
Wednesday
Change since
Dec. 25, [Dec. 18, !Dec. 26,
1974 *
197?
A S S E T S
Gold certificate account
•f
11,652
192
Special Drawing Rights certif. accts.
400
*
—
—
Cash
+
2 29
(1,099)
249
Loans
58
427
- 958 Acceptances—Bought outright
479
48 +
540
+
Held under repurchase agreements
323
98 +
+
323
Federal Agency obligations--Bought outright
4,702
-. + 2,904
Held under repurchase agreements
1,034
+ 417 + 1,034
U.S. Government securities:
Bought outright—Bills
4,491
26
37,975
Certificates
Other
Notes
40,025
+ 251 + 1,716
Bonds
29 +
134
3,283
+
Total bought outright
1/2/
81,283
+ 306 + 6,341
Held under repurchase agreements
2,239
+ 568 + 2,239
Total U.S. Government securities
83,522
+ 874 + 8f580
Total loans and securities
90,548
+ 479 + 13,262
Cash items in process of collection
41
(1,489)
9,099
+
- 1,750
Bank premises
261
2 +
39
+
Other assets 3/
96 + 1,151
2,893
TOTAL ASSETS
(2,588) 115,102
±_ 428 ±-12,865
—
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
(1,099)
450
775
34,083
6,490
1,276
(2,588) 112,915
(1,489)
£ A M T A L
ACCOUNTS
C a p i t a l paid i n
Surplus
Other c a p i t a l accounts
Contingent liability on acceptances
purchased for foreign correspondents
1/
2/
3/
71,066
30,187
2,671
895
844
448
1,120
+
+
+
+
+
+
•
519
1,304
462
184
41
699
477
14
311
._
—
4-
117
+
+
+
+
6,505
4,826
45
279
182
4,684
+ 1,234
+
298
+ 12,721
+
+
+
120
57
51
36
511
Figures in parentheses are the eliminations made in the consolidating process.
Excludes $325 million of securities sold, and scheduled to be bought back,
under matched sale-purchase transactions.
Includes $116 million securities loaned—fully secured by U.S. Government
securities pledged with Federal Reserve Banks.
Includes assets denominated in foreign currencies.
47
Includes $25 million of certain deposits foreign-owned banking institutions held
with member banks and redeposited in full with Federal Reserve Banks in
connection with voluntary partic pation by nonmember institutions in the Federal
Reserve System's program of credit restraint.
,v
Estimated (Cleveland and San Francisco Districts).
MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 25. 1974
(Acceptances and securities held under repurchase agreements are classified as
maturing .vithin 15 days in accordance with maximum maturity of the agreements,)
Federal Agency
U.S. Government
obligations
Loans
Acceptsecurities
ances
Holdings Weekly
Holdings
Weekly
Changes
{changes
Within 15 days
424
391
5,673
- 1,435
1,058
+ 416
16 days to 90 days
3
413
22,301
266
+ 1,709
+
1
91 days to 1 year
59
20,511
+
404
580
—
Over 1 year to 5 years
23,261
+
123
2,340
—
-Over 5 years to 10 years
9,612
—
—
+
53
991
Over 10 years
2,164
+
20
501
——
Total
427*
83,522
863
+
874
5,736
+ 417
H.4.1(b)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 25, 1974
Total
Boston
New
York
Philadelphia
Cleveland *
Richmond
Atlanta
Chicago
Minneapolis
St.
Louis
Kansas
City
Dallas
San
*
Francisco
(In millions of dollars)
A S S E T S
Gold certificate account
Special Drawing Rights c e r t i f . a c c t .
F.R. notes of other banks
Other cash
Loans
Acceptances:
Bought outright
Held under repurchase agreements
Federal Agency o b l i g a t i o n s Bought outright
Held under repurchase agreements
U.S. Government securities:
Bought outright-Bills
Certificates:
;
|
!
i
11,652
400
492
23
2,046
93
748
23
1,099
249
427
53
15
33
204
16
25
540
323
«
540
323
4,702
1*034
212
37,975
1,714
„„
No ces
Bond s
Total nought c : ri.rV ' '
Held undc1. cvnur'-h jt * a>"*J • . n-nr s
Total U . S . J\r- • 7 r n [ ie n f s^j j, •
Total loand .-nd secui i tie-
33",522 j
90,548 !
Cash items in procrs'- --* c- . 1: • in.t
Bank premises
Other assets 3/
10,588 j
261 1
2.893 1
TOTAL ASSETS
1/
2/
3/
*
40,025
3,283
81,283
2,239
117,690
.„
--
-.
i,S07
3 '-L-!
453
64
47
5,061
737
22
29096
70
578
15
284
7
373
15
552
14
1,489
1.60
81
24
57
32
22
3
22
10
2
42
19
30
78
12
28
207
37
21
--
-—
~-
--
--
—
--
--
374
268
757
179
103
182
208
699
--
~-
--
--
--
--
--
--
1,072
1,185
33
36
60
10
24
77
32
3
83
17
77
---
.«
---
1,069
1,034
261
390
8,634
2,106
--
—
-..
2,220
182
4?508
-.
3,149
3,015
..-.
9,100
747
18,481
2,239
""20 .720 "~
2 3 711
^508~"~
4,793
1,904
41.5
12
2A032
30
55
605
26
80
30,018
6,134
9,059
5 , ~< ? 3
-«
3,179
„~y
t)
35
124
-„
2,167
6,117
...
-»
V-34
. "£".
f
~^5
1
/ j L *-•
9,241
--
-~
. . '«
\'77rfa "
v.
?
1,569
16
151
418
14
35
7,091
17,914
4,395
Excludes $325 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction,
Includes $116 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve
Banks.
Includes assets denominated in foreign currencies.
Estimated (Cleveland and San Francisco Districts).
1,679
--
--
> • nL
AV
,"~, *
TSSS
1,018
14
75
i,470
-
^ 'v.1
b,906
913
1.4
87
833
1,448
474
34
5,643
-- . 4 -i "
J8S
x/ ,')??
-,J~
5
5'
*
82 5
568
i 7
12
43
1 ,42o
8
221
5,108
16,235
„__2JL_ __J35L„
2,747
49
4,687
H.4.1(c)
STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BAN1I OS December 25, 1974
Total
Boston
New
York
Phila- Clevedelphia land *
Richmond
Atlanta
Chicago
St.
1Louis
Minneapolis
Kansas
City
1,404
2,634
2,695
8,492
1,057
104
18
1,612
173
25
5,750
380
58
26
1 , 1 8 2 — 1,815
S72T4
425
1,062
San
Dallas Fran- ^
cisco
(In millions of dollars)
L I A B I L I T I E S
Federal Reserve notes
Deposits:
Member bank reserves
U. S. Treasurer--general account
Foreign
Other
Total deposits
Deferred availability cash items
Other liabilities and accrtled
dividends
TOTAL LIABILITIES
CAPITAL ACCOUNTS
Capital paid in
Surplus
Other capital accounts
TOTAL LIABILITIES AND
CAPITAL ACCOUNTS
Contingent liability on ace:eptances purchased for fore]-gn
correspondents
72,165
3,426
17,914
6,226
6,509
3,988
11,449
2,964
30,187
2,671
450
775
34,083
7,979
941
126
18
1
1,086
411
938
8,752
1,812
177
381
213
22
1/ 114
40
688
4
1
9,935 "1, £5T~ 2,066
1,237
361
485
1,367
301
25
13
2,017
180
33
22
4,415
330
71
9
870
17m
27253
£ 7 3 B ~ 1,053
4,464
808
604
1,126
167
15
262
656
139
11
2
SOB459
739
1.276
115,503
52
4,975
356
29,442
65
6,031
95
8,872
88
9,111
P.Q
6,933
17ft
17,578
4,321
25
2,696
43
4,598
59
4,994
184
15,952
895
844
448
35
34
17
235
215
126
42
42
19
78
74
35
50
47
33
69
62
27
137
132
67
29
29
16
22
20
9
37
35
17
49
46
19
112
108
63
117,690
5,061
30,018
6,134
9,059
_9,241
1,120
46
2/285
55
99
6?
ZL?
7,091 .... 17,.914_ 4.395
P?
17ft
.2^Z4Z_ JLJ&I
?ft
Aft
1,444
2,779
ift
UJ0SL . l£.235-_
fti
i/,q
FEDERAL RESERVE AGENTS' ACCOUNTS
F. R. notes outstanding
Collateral for F. R. notes:
Gold certificate account
U. S. Government securiti es
Total collateral
74,839
3,533
18,480
4.545
3,055
150
400
450
73,045
3,400
18,200
7b, 1TT0 3,536
ig;6oti
4,200
4,650
6,422
6,695
4,251
11,703
3,115
330
520
200
700
300
6,200
6,530
6.215
4,150
4,350
11,200
11,900
2,860
3,160
i\l£
2,854
9,018
5
1,530
1,530
2.900
2,900
1/ After deducting $336 million participations of other Federal Reserve Banks.
2/ After deducting $835 million participations of other Federal Reserve Banks.
3/ Includes $25 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 (Cleveland and San Francisco Districts).
2, §90
2,895
9 r 300
9,300
@FedFRASER