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FEDERAL RESERVE • oQt£ow.- Factors Affecting Bank Reserves and Condition Statement of F.R. Banks f*Al Rt^. H.4.1 For immediate release January 2, 1975 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. Banks 3/ Other F.R. liabilities and capital Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves Averages of daily figures Week ended Change from week ended Wednesday Jan. 1, * Jan. 1, * Dec. 25, Jan. 2, 1975 1975 1974 1974 (In millions of dlollars) _l/2/ 81,044 1,343 - 15 396 4,702 814 + 72 567 465 + + 50 187 + + 498 372 579 420 - 101 7 - 649 9 301 11 561 22 - —— - —— 3,307 3,204 96,007 11,652 400 9,210 117,269 79,630 212 2,606 333 878 3,341 87,000 30,269 7,360 37,629 37,011 618 —— +1 ,025 + 63 + 886 4-2,721 + 841 80,058 443 +2,787 + 703 4,702 511 - - - 766 +2,000 +8,508 + 85 — — + + 16 902 + 528 +9,121 1,960 3,195 92,169 11,652 400 9,212 113,433 + 294 135 12 126 58 485 +7,160 - 119 + 352 + 2 - 100 + 364 +7,659 79,713 212 3,113 418 1,2.10 2,942 87,608 417 388 805 584 221 +1,461 + 579 +1,973 +1,743 + 230 25,825 7,360 33,185 37,011 -3,826 - — - - *» •» + - + - + + + + + 4- - — A net of $243 estimated million of surplus reserves were eligible to be carried forward from the week ended December 25, 1974, into the week ending January 1, 1975. On January 1, 1975, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $32,836 million, an increase of $499 million for the week. 1/ Excludes $1,427 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $173 million securities loaned--fully secured by U.S. Government securities pledged with 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 (Philadelphia and Cleveland Districts). jLO*"" ^ f ^ Estimated (Treasury's Figures). NOTE: £ H.4.1(a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Jan. 1, Dec. 25, Jan. 2, A S S E T S Gold certificate account Special Drawing Rights certif. accts. Cash Loans A c c e p t a n c e s — B o u g h t outright Held under repurchase agreements Federal Agency o b l i g a t i o n s — B o u g h t outright Held under repurchase agreements U.S. Government securities: Bought o u t r i g h t — B i l l s Certificates Other Notes Bonds Total bought outright Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 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 * (1,317) 36,765 1/2/ (1,441) (2,758) (1,317) (1,441) (2,758) C AA £P II TT AA LL £ A C C O U N T S Capital paid in Surplus Other capital accounts 2/ 3/ 4/ * 40,009 3,284 80,058 . 443 80.501 87,014 8,531 263 2,932 111.034 70,955 25,825 3,113 418 1.210 30,566 6,571 1.148 109,240 897 897 Contingent liability on acceptances purchased for foreign correspondents T/ 1/ 11,652 400 242 301 579 420 4,702 511 + - + - 7 126 39 97 . + + + + —— - 523 - 1,210 + - - + + - + - + - + - + + 981 16 1 1,225 1.796 3.021 3,534 68 2 39 3,568 111 4,362 442 32 435 3,517 581 128 3,175 192 26 689 514 215 2,782 199 319 - + 1,495 + 135 + 1,311 - 1.219 + 92 + 3,113 - 4,371 + 40 + 1,953 + 901 + 6,685 - 7,242 + 1,128 + 109 + 497 - + + 2 53 448 + + 139 + 5,508 460 105 822 - 54 53 28 402 5 1 8 ? r e S 1 a Parentheses are the eliminations made in the consolidating process. Excludes $1,427 million of securities sold, and scheduled to be bought back ' under matched sale-purchase transactions. Includes $173 million securities loaned--fully secured b y U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. 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 b y nonmember institutions in the Federal Reserve System's program of credit restraint. Estimated (Philadelphia and Cleveland Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES. JANUARY 1. 1Q7S (Acceptances and securities held under repurchase agreements are classified as Loans 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total 275 Acceptances 26 489 436 74 301 999 U.S. Government securiLties Holdings Weekly changes 4,939 20,265 20,401 23,120 9,612 2«164 80,501 agreements.) Federal Agency obligations Holdings W e e k l y IChanges r/ - 2,452 535 r/ 318 272 110 574 141 2,340 — 991 -501 - 3,021 5,213 - 523 + 6 6 — - 523 STATEMENT OF CONDITION OF E A C H F E D E R A L RESERVE B A N K O N H.4.1(b) Total Phi ladelphia Boston Cleveland * Richmond Atlanta J A N U A R Y 1, 1975 Minneapolis Chicago Dallas (In millions of dollars) ASSETS Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other b a n k s Other cash 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.1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 2/ 3/ * 343 33 907 36 1,946 70 518 15 309 7 556 15 572 14 1,501 49 96 17 50 192 35 19 78 24 48 28 2 27 9 2 50 3 92 11 23 279 36 52 23 77 33 3 266 399 374 269 768 184 105 184 213 684 1,044 511 8,167 2,079 3,117 2,929 2,100 6,004 1,437 820 1,438 1,666 5,351 8,888 2,262 3,187 186 4,527 262 2,286 188 128 1,814 149 4,574 1,564 129 3,130 892 73 6,378 6,534 536 13,074 1,564 729 17,784 443 ift 797 20,872 3,392 278 6 787 1,785 3,130 3,629 5,823 478 11,652 6.527 4,816 6.787 7,189 6,378 6,802 4.574 4,862 3.130 3.629 13,870 3,316 1,892 3,317 3,865 1,456 12 2.029 425 31 667 1,082 62 26 82 14 104 1,389 14 73 1 290 16 1SS 420 14 37 425 34 26 807 17 39 636 12 45. 28,122 6,051 8,769 9,058 6,930 17,449 4,389 2,729 4,819 5^247_ 11,652 400 311 23 3,413 93 614 23 662 1,317 242 75 14 5 233 14 91 70 301 10 22 21 579 420 579 420 4,702 511 212 36,765 1,657 40,009 3.284 80,058 443 80.501 87,014 1,803 148 3,608 3.608 3,825 9.972 388 2,932 65 47 113,792 4,748 to be bought b a c k , under matched sale-purchase transaction. Excludes $1,427 m i l l i o n of securities sold, and scheduled U.S. Government securities pledged with Federal Reserve Banks. Includes $143 m i l l i o n securities l o a n e d — f u l l y secured b y Includes assets denominated in foreign currencies. Estimated (Philadelphia and Cleveland Districts). 18 11.652 12,388 987 8 233 H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON January 1, 1975 Total Boston New York Phila- Clevedelphia land * Richmond Atlanta Chicago St. Louis Minneapolis Kansas City San Dallas Francisco (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 3/ 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 acceptances purchased for foreign correspondents 72,272 3,441 17,980 4,472 6,243 6,493 3,984 11,374 2,970 1,412 2,633 2,708 8,562 25,825 3,113 416 1,21C 30,566 8,012 674 116 12 23 825 362 6,139 1,080 1/ 202 814 8,235 1,157 865 152 14 4 1,035 393 1,269 377 26 1 1,673 602 1,167 162 16 52 1,397 985 1,727 97 21 48 1,893 849 4,196 280 46 90 4,612 1,015 829 155 10 18 1,012 306 682 129 7 11 829 419 1,202 103 11 24 1,340 731 1,745 105 16 30 1,896 498 5,330 357 37 95 5,819 695 1,148 111,998 50 4,678 280 27,652 67 5,967 95 8,613 83 8,958 66 6,792 172 41 25 41 47 181 17,173 4,329 2,685 4,745 5,149 15,257 897 897 35 35 235 235 42 42 78 78 50 50 69 69 138 138 30 30 22 22 37 37 49 49 112 112 — — — — mm mm • mm -- — - - 113,792 4,748 28,122 6,051 8,769 9,058 6,930 17,449 4,389 2,729 4,819 5,247 15,481 981 40 2/ 249 48 87 55 72 154 33 23 40 54 1?fi 1,461 2,800 2,867 9,061 FEDERAL RESERVE AGENTS 1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account Special Drawing Rights Acceptances U.S. Govt, securities Total collateral 75,116 3,552 18,545 4,555 6,435 6,729 4,273 11,721 3,117 3,055 93 55Q 72,535 76,253 150 400 93 550 17.600 18.643 450 330 520 200 700 300 4.200 4.650 6,200 6,530 6.300 M 2 Q 4j_150 4,350 11.200 11,900 2,860 3,160 3.425 3.575 5 1,530 1,530 2,900 7,900 1/ After deducting $216 million participations of other Federal Reserve Banks. 2/ After deducting $732 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 (Philadelphia and Cleveland Districts).. 2,890 2,895 9,300 9-300 ~
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