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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 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 NOTE: For immediate release November 21, 1974 Averages of daily figures Week ended Change from week ended Wednesday Nov. 20, Nov. 21, Nov. 20, Nov . 13, 1974 * 1974 1973 1974 * (In mill ions of dollars) Jk/2/ + + 775 367 +2,573 - 785 77,983 + + 284 112 +2,542 63 4,342 112 256 100 + + 39 98 + + 215 65 297 274 + 269 7 - - 201 2,535 22 63 + 534 - 527 +1 ,948 -— + 19 +1 ,967 + 184 +2,131 +6,659 3,668 2,840 93,086 11,567 79,185 367 4,295 1,367 63 3,065 2.957 91,703 11,567 400 .9,118 112,788 77,215 + 300 649 512 785 + + 3,056 82,517 30,271 6,573 36,844 36,781 63 856 291 --. 400 + 468 +7,127 9,118 114,171 +7,034 33 -1,297 77,368 45 1 + + + 190 — 490 210 82 18 990 + 63 + 143 +5,866 1 + + + . 978 666 312 448 136 +1,262 + 571 +1,749 +2,055 - 306 - 313 1,349 499 664 3,072 83,265 30,906 6.573 37,479 36,781 698 A net of $114 million of surplus reserves were eligible to be carried forward from the week ended November 13, into the week ending November 20. On November 20, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $33,033 million, an increase of $791 million for the week. 1/ Excludes $1,804 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $137 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 System1s program of credit restraint. * Estimated (Cleveland and San Francisco Districts). H.4.1(a) CQNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Nov. 20, .Nov. 13, Nov. 21, 1974 1973 1974 ** A S S E T S -—— 11,460 Gold certificate account --400 Special Drawing Rights certif. accts. )39) 242 67 Cash + 3 + 1,910 + 1,150 Loans 2,535 + 256 Acceptances—Bought outright 297 + 83 + 272 + 197 274 Held under repurchase agreements 4,342 Federal Agency obligations—Bought outright + 331 + 2,553 291 32 Held under repurchase agreements + 291 U.S. Government securities: 35,167 Bought outright—Bills 819 184 Certificates Other 39,587 - 132 + 1,435 Notes 3,229 + 132 + 80 Bonds 1/2/ + 819 + 1,331 77,983 Total bought outright . 856 + - 1,242 856 Held under repurchase agreements + 1,675 + Total U.S. Government securities 78,839 89 Total loans and securities + 4,562 + 4,213 86,578 (1,873) - 139 - 472 9,144 Cash items in process of collection 256 + 1 + Bank premises 37 2,584 - 540 + 1,944 Other assets 3/ (2,912) 110,664 +_ 3,887 +_ 5,655 TOTAL ASSETS L I A B I L I TIES 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 C A P I T A L A C C O U N T S Capital paid in Surplus Other capital accounts Contingent liability on acceptances purchased for foreign correspondents (1,039) 68,698 30,906 1,349 499 664 33,418 5,476 1,198 (2,912) 168,790 (1,873) 104 + 3,884 + 1,093 + 227 99 + 5,105 - 1,189 + 61 +"3,873 891 844 139 1,946 —— — 14 104 + 6,297 + 78 55 - 260 -f 2 - 235 - 491 + 164 +~T ^ 3 5 ~ + + - 55 51 186 + 1,342 * 1/ Figures in parentheses are the eliminations made in the consolidating process,, Excludes $1,804 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $137 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 nonmeraber 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 System1 s program of credit restraint,, Estimated (Cleveland and San Francisco Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, NOVEMBER 20. 1974 (Acceptances and securities held under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) U.S. Government Federal Agency Acceptsecurities obligations Loans ances Holdings Weekly Holdings Weekly changes Changes Within 15 days 2,532 296 3,865 - 1,722 361 + 312 16 days to 90 days 3 240 20,723 + 2,131 124 - 18 91 days to 1 year 35 19,604 227 622 + 63 Over 1 year to 5 years 23,047 + 1,758 2,136 + 199 Over 5 years to 10 years 9,481 465 891 + 55 Over 10 years -2,119 + 200 499 + 11 Total 2,535 571 78,839 + 1,675 4,633 + 622 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 20, 1974 H.4.1(b) Total Boston New York Philadelphia Cleveland * St. Richmond Atlanta 0n Chicago Minneapolis Louis Kansas City Dallas San ,v Francisco 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 Loans 11,460 400 710 23 1,045 93 901 23 1,039 242 2,535 61 15 109 205 22 1,522 297 274 — -- 1,591 1,396 36 573 22 1,454 33 70 590 15 297 7 428 15 678 14 1,797 49 36 10 59 50 28 1 99 16 140 157 35 137 75 23 283 28 22 20 23 10 9 38 20 30 79 14 58 188 27 167 297 274 — -- -— — -- — -- -- — — -.-- --_ -_- _- 699 194 612 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 Motes Bonds Total bought outright 1/2/ Held under repurchase agreements Total U.S. Government securities Total loans and securities 4,342 291 190 1,081 291 237 353 330 227 161 91 167 — — — — — -- — -- -- 35,167 1,538 8,753 1,918 1,841 5,662 1,308 734 39,587 3,229 77,983 856 78,839 86,578 1,731 141 3,410 Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS 1/ 2/ 3/ * — — — 3,410 3,709 9,852 804 19,409 856 20,265 23,730 11,017 256 2,584 454 61 34 113,576 5,067 -- — 2,858 _- 2,672 -- — -- — -- 6,374 1,473 1,524 120 827 68 2,901 1,629 3,002 2,159 176 4,253 262 245 169 520 6,337 5,924 4,083 12,556 -- .- -- .- 4,253 4,549 6,337 6,691 5,924 6,394 4,083 4,447 12,556 13,538 2,901 3,082 """"1,629 1,729 1,589 12 1,968 413 28 56 637 26 56 1,342 1,350 1,671 14 61 14 52 16 112 483 14 26 28,664 6,016 9,112 9,358 6,650 16,959 4,260 3,217 3,007 2,073 1,354 -. Excludes $1,804 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $137 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 ,568 -- «-. 4,961 -- 1 ,765 144 ,477 5,585 456 11,002 3,199 3 ,729 11,002 11,781 505 34 19 111 17 36 699 12 34 1,097 8 130 2,624 4,530 5 ,259 15,077 -- „_ --. 124 -____- ~T -_ H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON NOVEMBER 20, 1974 j_. Total Boston New York Phila- Clevedelphia land* Richmond Atlanta Chicago St. Louis Minneapolis . ... Kansas City , , 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 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 ac<:eptances purchased for foreign correspondents 69,737 3,321 17,352 4,341 5,987 6,337 3,749 30,906 1,126 8,361 1,066 2,306 1,349 73 154 114 89 499 12 1/ 280 14 26 664 4 541 8 1 33,418 1,215 9,336 1,202 ~2,422 7,349 408 1,154 320 450 1,504 236 16 22 1,997 85 22 24 2,842 1,314 1,052 4,040 904 118 77 46 10 13 12 T,T28 " 4,21/ —I,UU3 570 1,079 311 717 55 7 4 /8T 458 91 8,950 83 9,250 63 6,510 175 16,669 41 42 5 78 74 10 50 47 11 68 62 10 137 132 21 5,067 28,664 6,016 9,112 9^358 6,650 171 109 142 1,198 49 327 65 111,702 4,993 28,169 5,928 891 844 139 113,576 1,946 11,198 35 34 5 235 215 45 80 2/ 496 95 1,778"" 16^959^ 306 40 24 4,196 2,579 29 29 6 2,551 2,610 8,135 1,167 81 12 5 1,265 " 594 1,890 82 16 10 5,828 185 38 20 42 4,452 -i,m-— e r t m — 501 452 48 191 5,157 14,849 21 20 4 37 35 6 48 46 8 112 108 8 4,260 2,624 4,530 5,259 15,077 45 80 107 249 3,016 1,356 2,718 2,811 8,689 -- 5 66 FEDERAL RESERVE AGENTS' ACCOUNTS F, R. notes outstanding Collateral for F. R. notes: Gold certificate account U« S. Government securities Total collateral 1/ 2/ 3/ 3,428 4,405 6,119 6,548 4,074 11,424 400 330 865 100 700 3t3?0 18,Q50 4,190 3,450 18,050 4,500 $.QQQ 6,330 5.725 6,590 100 17,985 — 250 — 4.Q5Q 10,800 7,810 1,430 2,800 7 >*** a^no 4,150 11,500 3,060 1,430 2,800 2,860 8,800 * Estimated (Cleveland and San Francisco Districts). After deducting $219 million participations of other Federal Reserve Banks. After deducting $1,450 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 by non-member institutions in the Federal Reserve System's program of credit restraint participation
@FedFRASER