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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 10, 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 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 Averages of da ily figures Week ended Change from week ended Wednesday Oct. 9,* Oct. 2, Oct. 10, Oct. 9,* 1974 1974 1974 ^ 1973 (In millions of dollars) 1/2/ 75,578 +4,695 -1,424 79,469 + 32 -- 374 379 «53 +2,425 - 81 4,011 -- 3 21 + 267 + 152 311 4 2,245 134 - 973 8 ~ + 892 + 3 800 131 2,161 2,044 91,027 11,567 400 9,027 112,021 + 238 + 398 -1 ,693 -« — 8 -1,701 - 932 +1,003_ +8,047 +1,157 -+ 428 +9,632 2,420 _a*226J*/ 86,450 11,567 400 9.033 107,450 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 75,322 314 2,698 288 824 3,108 + 490 4 - 576 - 68 - 136 - 385 +6,436 - 36 +1,336 + 18 + 142 + 373 Member bank reserves: With Federal Reserve Banks Currency and coin Total reserves held Required reserves Excess reserves 82,554 29,466 7,159 36,625 36,666 -41 - 678 -1 ,023 + 88 - 935 - 415 - 520 +8,269 +1,362 + 553 +1,831 +2,292 - 461 75,855 328 1,179 296 798 3,102 . 81,558 25,891 7,141 33,033 36,600 -3,567 4,011 182 311 224 L + " NOTE: A net of $177 million of surplus reserves were eligible to be carried forward from the week ended October 2, into the week ending October 9. On October 9, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $30,880 million, a decrease of $262 million for the week. 1/ Excludes $5,121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks, 3/ Includes $73 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. 4/ Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. * Estimated (Cleveland and Richmond Districts). CQNSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Change since Wednesday Oct., Oct. ** Oct. 2. 1974 10 , 1973 9. 1974 A S S E T S Gold certificate account + 1,157 11,460 Special Drawing Rights certif. accts. 400 --Cash (1215) + 3 234 70 Loans -2,028 800 95 + Acceptances—Bought outright 311 + 268 1 Held under repurchase agreements - 272 4 4 + Federal Agency obligations—Bought outright 4,011 + 2,425 — Held under repurchase agreements - 182 --U.S. Government securities: Bought outright—Bills + 1,348 32,762 -5,312 Certificates Other —Notes + 2,345 39,719 Bonds 3.097 331 .. Total bought outright -5,312 +"3,362 75,578 1,1/ Held under repurchase agreements - 440 — -Total U.S. Government securities + 3,362 •5,752 75,573 Total loans and securities -8,235 80,704 + 6,154 Cash items in process of collection (1702) - 450 - 2,765 7,993 Bank premises + 1 37 + 250 Other assets , 3/ +1,781 VI,076 ±-2,172 TOTAL ASSET? (2917) 104,111 -6,900 ±-6,685 H.4.1(a) It I A 1 I Ii I T I E S Federal Reserve notes (1215) Deposits: Member bank-reserves account U. S. Treasurer--general account Foreign Other 4/ Total deposits Deferred availability cash items (1702) Other liabilities and accrued dividends TOTAL LIABILITIES (2917) £ A £ I I A L A C C O U N T S Capital paid in Surplus Other capital accounts 67,278 25,891 1,179 + 675 -5,188 -2,076 +'5,994 + 2,226 296 798 17 24 28,164 5,573 1,181 102,196 -7,305 - 279 - 107 -7,016 31 144 942 611 229 887 844 190 + 2 — + 114 + + + + + 6,554 + + + 56 51 24 1,459 Contingent liability on acceptances purchased for foreign correspondents 1,509 1 + 971 * Figures in parentheses are the eliminations made in the consolidating process. 1/ Excludes$5,121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2y Includes $123 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes assets denominated in foreign currencies. 4/ Includes $73 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. 5>/ Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. ** Estimated (Cleveland and Richmond Districts). MATURITY DISTRIBUTION OF LOANS AND SECURITIES, October 9. 1974 (Acceptances and securities held under repurchase agteements are classified as maturing within 15 days in accordance with maximum maturity of the agreements.) Federal Agency U.S. Government obligations Loans securities AcceptHoldings Weekly ances Weekly Holdings Changes changes Within 15 days 632 47 3,793 - 1,387 - 165 17 16 days to 90 days 168 241 16,122 - 4,054 8 147 91 days to 1 year 27 22,509 311 9 593 Over 1 year to 5 years 21,289 ---- 1,894 Over 5 years to 10 years -9,946 872 — --Over 10 years --488 1,919 Total 8 oo - 182 75,578 4,011 - 5,752 315 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON H.4.1(b) Total Boston New York Philadelphia Cleveland * Richmond i Atlanta OCTOBER 9, 1974 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 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 1/ 2./ 3./ 4/ * 11,460 400 338 23 2,662 93 972 23 928 33 1,215 234 800 96 16 34 261 23 75 68 12 18 58 29 10 311 4 337 15 141 14 24 ie 31 35 19 61 67 13 89 156 181 1,476 693 22 2,708 70' 40 C 15 140 18' 87 170 32 176 78 22 145 1,188 36 -31 7 311 4 4,011 185 999 216 321 306 210 645 150 32,762 1,510 8,160 1,761 2,625 2,497 1,718 5,268 1,228 666 1,275 39,719 3,097 ^,578 1,832 143 3,485 9,892 771 18,823 2,134 166 4,061 3,183 _.. 248 6,056 3,027 2,083 6,386 1,488 808 5,760 1,546 . -_.. 120 2,941 -£,061—Jfi»fl5fL 4,295 6,387 5.760 6,153 JLL^id.80,704 9,695 250 J I . 4 8 5 „.ia»a2a. 3,704 20,212 384 59 1,465 11 „.1£2L 107,034 184 25 36 346 25 79 4,673 26,825 5,820 590 27 J9&. 8,145 J36 163__A9fi„ 3,964 12,152 JL»3&i_12.152. 4,350 12,942 1,205 14 86- 1,004 14 8,840 6,367 82. JUL. 2,832 ,537 3,013 -U53L7 1,657 398 14 1,314 16 • 182 _ 5 L L . 17,332 3,933 453 34 .232,452 Excludes $5121 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $123 million securities loaned—fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. Includes $1,723 million due from the Federal Deposit Insurance Corporation in connection with the closing of Franklin National Bank of New York. Estimated (Cleveland and Richmond Districts). 2 3^1. 3,158 711 17 47 4,339 4,578 1,789 5,551 _140 ^ Jt32_ 10,562 3,405 ••3»401- 10, In?,. 3,675 11,158 611 12 . 54 4,587 1,214 7 — 222. 13,721 _ H.4.1(c) 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 :eptContingent liability on ace ances purchased for foreign correspondents STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 9, 1974 St. Louis Minneapolis Kansas City 3,679 11,196 2,763 1,269 2,543 2,595 8^088 1,234 133 16 27 1,410 1,013 1,729 92 21 21 1,863 620 4,607 82 46 13 4,748 911 631 45 7 2 685 428 923 102 12 6 1,043 629 1,293 58 16 7 1,374 465 4,291 126 37 16 4,470 742 94 7,980 87 8,729 62 6,224 42 180 17,035 3,869 25 2,407 45 4,260 50 178 4,434 13,478 Boston New York 68,493 3,280 17,025 4,191 5,645 6,219 25,891 1,179 296 798 28,164 7,275 6,998 1,047 798 73 120 205 14 12 1/ 80 4 695 3 7,978 1,184 887 285 1,022 377 ~ 53 295 70 4,597 26,320 5,730 1,628 80 25 1 1,734 507 1,181 105,113 San Dallas Francisco Richr~k Atlanta Chicago mond (In millions of dollars) Phila- Cleve-\, delphia land Total 712 63 10 3 788 . 276 887 844 190 35 34 7 231 215 59 41 42 7 78 74 13 50 47 14 68 62 13 137 132 28 29 29 6 21 20 4 37 35 7 48 46 9 11. 108 23 107,034 4,673 26,825 5,820 8,145 8,840 6,367 17,332 3,933 2,452 4,339 4,587 13.721 385 74 133 1,509 2^ £0 ± 84 _JJLfl 237 — 51.. . - J H ~_ _ £ £ _ . - 83._ _ L 9 3 _ „ FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F, R. notes: Gold certificate account U. S. Government securities Total collateral \J 2/ 3/ 3,401 100 3,350 3,450 17,703 4,271 5,760 6,405 300 330 770 17,850 4.100 17,850 4,400 5.600 5,930 5,695 6,465 — 3,983 — 4.050 4,050 11,339 2,910 700 175 10,800 11,500 2r810 2,985 1,317 — 1.430 1,430 2,695 — 2.800 2,800 2,781 8,560 5 2.830 2,835 fl^flflQ.. 8,800 After deducting $ 216 million participations of other Federal Reserve Banks. * Estimated (Cleveland and Richmond Districts). After deducting $1,124 million participations of other Federal Reserve Banks. ~Includes $73 million of certain deposits of domestic non-member banks and 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 1 s program of credit restraint.
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