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iiSS»« FEDERAL RESERVE 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 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 'w Treasury cash holdings ** Treasury deposits with F.R. Banks Foreign deposits with F.R. Banks Other deposits with F.R. Banks Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves NOTE For immediate release December 5, 1974 Averages of daily figures Week ended Change from week ended Wednesday Dec. 4, Nov. 27, Dec. 5, Dec. 4, * 1974 * 1974 1973 1974 (In millions of dollars) 1/2/ 79,625 1,112 109 287 +3,203 - 26 77,105 515 4,342 480 + 169 +2,532 + 318 4,342 309 407 270 + + 69 116 + 362 + 196 437 171 1,072 51 409 14 - 406 6 314 37 2,834 3,115 93,257 11,567 400 9,140 114,364 + 734 + 198 +1,056 + 338 +2,173 +8,689 12 +1,068 + 479 +9,168 3,114 2,962 89,269 11,567 400 9,141 110,377 77,919 320 1,464 453 1,024 3,251 84,432 591 13 118 150 236 77 +1 ,186 +7,426 14 - 420 + 13 + 354 + 293 +7 ,652 78,335 320 1,568 411 846 3,221 84 701 29,932 7,118 37,050 36,696 354 - 117 + 49 68 + 221 - 289 + + + + + +1 ,515 25,676 + 713 _L 118 +2,144 +2,228 - 84 32,794 36,696 - 3,902 A net of $200 million of surplus reserves were eligible to be carried forward from the week ended November 27, into the week ending December 4. On December 4, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $32,945 million, an increase of $459 million for the week. 1/ Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $176 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $54 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's program of & credit restraint. * Estimated (Cleveland and Chicago Districts). ** Estimated Treasury's Figures. H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since ** Dec. 4, Nov. 27, Dec . 5, 1974 1974 1973 ASSETS «... —— 11,460 Gold certificate account 400 Special Drawing Rights certif. accts. — — * 50 244 1 (1,055) Cash 314 - 1,442 Loans - 373 Acceptances—Bought outright 437 + 42 + 394 36 Held under repurchase agreements 171 - 264 + Federal Agency obligations—Bought outright 4,342 -- + 2,532 Held under repurchase agreements 498 + 94 309 U.S., Government securities: - 2,501 34,077 981 Bought outright--Bills Certificates Other -Notes 4- 1,588 39,774 Bonds 3,254 105 — Total bought outright 1/2/ 77,105 - 2,501 + 712 Held under repurchase agreements 515 - 1,494 - 706 Total U.S. Government securities 77,620 - 3,995 + 6 Total loans and securities 83,193 -.6,157 + 2,689 Cash items in process of collection (1,709) 8,414 + 1,240 - 1,120 Bank premises + 1 + 259 38 Other assets 3/ 2,703 + 39 + 1,954 TOTAL ASSETS (2,764) 106,673 - 4,878 3,511 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 4/ Total deposits Deferred availability cash items Other liabilities and accrued dividends TOTAL LIABILITIES £ A L 11 A k A £ £ 2 u N T S. Capital paid in Surplus Other capital accounts (1,055) 69,651 25,676 1,568 411 846 (5) 28,501 (5) (1,704) 5,300 1,349 (2,764) 104,801 895 844 133 + 481 - 6,051 + 253 + 137 + 101 - 5,560 + 239 + 84 - 4,756 -1- 2 — 124 + 6,819 - 3,493 - 137 + + 42 130 - 3,458 - 351 ±- 374 + 3,384 + + + 58 51 18 Contingent liability on acceptances purchased for foreign correspondents 1,590 - 161 + 983 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2_/ Includes $176 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks* 3/ Includes assets denominated in foreign currencies. 4/ Includes $54 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 System1s program of credit restraint. ** Estimated (Cleveland and Chicago Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, DECEMBER 4r 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 ances Holdings Weekly Holdings Weekly Changes changes Within 15 days 275 2,895 3,200 369 - 519 234 16 days to 90 days 39 + 45 143 - 1,174 323 19,996 91 days to 1 year 616 - 24 51 379 19,888 + Over 1 year to 5 years 1 2,133 -23,138 Over 5 years to 10 years 891 — 9,559 Over 10 years 1 499 — 2,144 Total 314 77*620 - 3,995 4,651 608 - 498 STATEMENT 01 CONDITION OF EACH FEDERAL RESERVE BANK ON DECEMBER 4, 1974 H.4.Hb) Total Boston Nev Yorl. Philadelphia Cleveland^ Richmond At 1 art a Chicago St. Louis Minneapolis Kansas City Dallas San Francisco (In millions of dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash Loan 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 \J 2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 11,460 400 313 23 4,454 93 755 23 40 33 1,101 36 354 22 1,287 70 503 15 240 7 328 15 445 14 1,040 49 1,055 244 314 47 15 8 214 18 92 50 9 23 51 31 87 17 156 34 55 82 25 20 25 21 13 21 9 2 36 19 16 86 13 32 200 33 5 437 171 __ — 437 171 987 309 241 360 345 248 699 166 95 168 192 645 4,342 309 196 34,077 1,538 7,748 1,890 2,826 2,70( 1,945 i,489 1,299 748 1,318 1,507 5,063 39,774 3.254 77,105 515 77.62C 1,795 147 3,480 2,206 180 4,276 3,299 270 6,395 3,15C 25? 6,123 2,269 186 4,400 6,407 524 12,420 1,517 124 2,940 872 71 1,691 1,539 126 2,983 1,758 144 3,409 5,910 484 11,457 3.480 3,684 9,043 740 17,531 515 18.046 20,042 4,276 4,540 6,395 6,755 6,12 6,516 4,400 4,703 12.420 13,139 2,940 3,119 1,691 1,788 2,983 3,167 3,409 3,633 11,457 12,107 409 63 41 1,601 12 1,976 345 28 63 505 27 68 1,020 14 69 1,242 14 56 1,398 16 132 477 14 29 471 34 22 813 17 30 667 12 35 1,175 8 182 4,595 28,410 5,813 8,110 3,8'G 2,592 4,425 4,905 14,794 Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 1/ 2./ 3/ * 109,437 -- 6,581 16,149 4,203 Excludes $3,559 million of securities sold, and scheduled to be bought back, under matched sale-purchase transaction, Includes $176 million securities loaned-fully secured by U.S. Government securities pledged with Federal Reserve Banks„ Includes assets denominated in foreign currencies. Estimated (Cleveland and Chicago Districts). H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON December 4, 1974 Total Boston New York Phila- Clevedelphia land Richmond Atlanta Chicago St. Louis Minne* apolis Kansas City San Dallas Francisco (In millions of dollars) L I A B I L I T I E S 70,706 3,365 Federal Reserve notes Deposits: 25,676 605 Member bank reserves 1,568 111 U. S. Treasurer--general account 411 14 Foreign 851' 6 O t h e r 11 J 736 28,506 Total deposits 7,00^ 373 Deferred availability cash items Other liabilities and accrued 1,349 50 dividends 107,565 4,524 TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES A N D CAPITAL ACCOUNTS Contingent liability on acceptances purchased for foreign correspondents 895 844 133 109,437 1,590 17,541 4,398 6,095 6,436 3,852 11,271 2,904 1,331 2,589 2,642 8,282 7,793 260 1/ 160 748 8,961 1,119 866 83 16 4 969 296 1,103 148 30 1 1,282 470 1,105 220 19 17 1,361 884 1,794 101 25 11 1,931 595 3,229 307 53 15 3,604 817 781 81 11 9 882 313 714 33 8 2 757 433 1,033 47 14 4 1,098 619 1,549 58 18 9 1,634 482 5,104 119 43 25 5,291 603 293 27,914 63 5,726 92 7,939 73 8,754 63 6,441 175 15,867 42 4,141 27 2,548 42 4,348 47 4,805 382 14,558 235 215 46 42 42 3 78 74 19 50 47 9 68 62 10 138 132 12 29 29 4 22 20 2 37 35 5 49 46 5 112 108 16 4,595 _28,410 5,813 8,110 8,860 6,581 16,149 4,203 2,592 4,42? 4,905 14,794 78 140 89 116 250 54 37 65 87 204 1,364 2,724 2,799 8,884 35 34 2 65 2/ 405 FEDERAL RESERVE AGENTS 1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 1/ 2/ 3/ 73,420 3,474 18,109 4,459 6,243 6,626 4,139 11,519 3,080 3,480 150 400 400 330 895 300 700 300 70,915 3,350 74,395 1 3,500 17,750 18,150 4,100 4,500 6,000 6,330 s,77n 6,665 4,350 n 000 11,700 2.810 3,110 5 lr430 1,430 After deducting $251 million participations of other Federal Reserve Banks. After deducting $1,185 million participations of other Federal Reserve Banks. Includes $54 million of certain deposits of domestic non-member banks and foreign-owned banking institutions with member banks and redeposited in full with Federal Reserve Banks in connection with voluntary participation -_._..,..: ^ „ 0 An ^ a Ppderal Reserve System's Droeram of credit restraint. 2 r 800 2,800 2,855 2,860 9,000 9,000
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