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FEDERAL RESERVE Factors Affecting Bank Reserves and Condition Statement of F.R. Banks H.4.1 For immediate release October 24, 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 obligationsBought 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: Averages of daily figures Week ended Change from week ended Wednesday Oct. 23, Oct. 16, Oct. 24, Oct. 23, 1974 1974 1973 1974 (In millions of dollars) py 79,461 -- + 874 - 517 +2,936 - 128 4,011 — »~ - 252 +2,269 24 212 3 <*. 115 - 112 + 163 4 213 3 1,322 107 « 422 • 15 - 593 18 2,481 100 2,527 3,396 90,932 11,567 400 9,042 111,941 + 629 + 108 + 193 — -« 6 198 - 591 +2,198 +6,226 --+ 420 +6,645 2,473 3,391 92,255 11,567 400 9,046 113,268 75,848 318 1,200 271 843 3,285 81,765 96 — 362 -49 105 421 +6,878 -1,204 - 366 + 17 - 107 + 381 +5,598 75,868 326 1,393 282 916 3,346 82,131 +1,047 + 366 +1,329 +1,893 - 564 31,137 6,271 37,408 36,604 804 30,176 6,271 36,447 36,604 - 157 + + + + + + - 223 - 775 - "~99g~ - 492 - 506 79,683 """ 4,011 | i A net of $ 188 million of surplus reserves were eligible to be carried forward from the week ended October 16, into the week ending October 23. On October 23, 1974, marketable U.S. Government securities held in custody by the Federal Reserve Banks for foreign and international accounts were $31,439 million, a decrease of $32 million for the week. \J Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. 2/ Includes $ 73 million securities loaned--fu!ly secured by U.S. Government securities pledged with Federal Reserve Banks. 3/ Includes $ 60 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. CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS (In millions of dollars) Wednesday Change since Oct Oct Oct. 16. 1974 24. 1973 23. 1974 A S S E T S .. + 1,157 11,460 Gold certificate account --400 Special Drawing Rights certif. accts. * 62 + 11 249 Cash (1251) 886 + 719 Loans 2,481 Acceptances--Bought outright - 101 + 165 213 Held under repurchase agreements 44 3 - 537 __ + 2,272 Federal Agency obligations—Bought outright 4,011 -Held under repurchase agreements -1,061 172 U.S. Government securities: Bought outright — Bills + 1,106 36,867 +1,129 Certificates Other -Notes + 2,345 39,719 -Bonds 3r097 331 Total bought outright i/g/ + 3,120 79,683 +1,129 Held under repurchase agreements --2,122 897 Total U.S. Government securities +~ 2,223 79,683 - 993 Total loans and securities + 3,558 86,391 -1,973 Cash items in process of collection (1962) - 1,260 8,045 -2,528 Bank premises + + 2 37 253 Other assets 3/ + 2,139 + 40 3,138 TOTAL ASSETS 109,936 +_ 5,569 -4,448 (3213) H.4.1(a) L I A B I L I T I E S Federal Reserve notes (1251) Deposits: Member bank-reserves account U. S. Treasurer—general account Foreign Other J/ Total deposits Deferred availability cash items (1962) Other liabilities and accrued dividends TOTAL LIABILITIES (3213) 67,290 31,137 1,393 282 916 33,728 5,572 LJ-98 107,788 - 332 -2,889 + 764 46 + 127 -2,044 -2,119 76 -4,571 888 844 416 — — 123 £ A L 11 A L. i £ £ M n i Capital paid in Surplus Other capital accounts + + 6,252 811 + 141 + 10 + 243 417 626 + _ 197 + 5,406 + + + 54 51 58 Contingent liability on acceptances purchased for foreign correspondents 1,973 + 398 + 1,443 * Figures in parentheses are the eliminations made in the consolidating process 1/ Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. _2/ Includes $73 million securities loaned--fully secured by U. S. Government securities pledged with Federal Reserve Banks. 3V Includes assets denominated in foreign currencies. 4/ Includes $60 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. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, OCTOBER 23. 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 4,797 Within 15 days 2,461 -2,043 8 51 - 1,070 20,136 16 days to 90 days 20 + 831 144 150 3 91 days to 1 year 21,596 + 219 15 598 + 5 -Over 1 year to 5 years 21,289 1,937 + 43 Over 5 years to 10 years 9,946 -836 36 Over 10 years ^1,919 --488 Total 2,481 79,683 - 993 216 + ,011 1,061 STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON OCTOBER 23, 1974 H.4.Hb) Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago ~0.n millioris of Mi nneapolis St. Louis Kansas City D alias San Francisco dollars) A S S E T S Gold certificate account Special Drawing Rights certif. acct. F.R. notes of other banks Other cash Loans i 11,460 400 343 23 1,555 93 862 23 1,358 33 994 36 480 22 2,083 70 437 15 275 7 408 15 336 14 2,329 49 1,251 249 2,481 86 16 113 253 25 1,148 35 12 70 49 29 45 133 18 191 174 36 273 121 23 211 34 20 103 31 9 67 43 21 97 80 13 140 212 27 23 213 3 — — — -- --- -- -— — — --- — -- --- 185 970 216 321 306 210 645 150 82 156 181 589 -- -_ -- -- -- -- -- -- -- — -- -- 8,914 1,981 2,954 2,810 1,934 5,928 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 y y Held under repurchase agreements Total U.S. Government securities Total loans and securities 36,867 Cash items in process of collection Bank premises Other assets 3/ TOTAL ASSETS y y 3/ 213 3 4,011 -- — ..- 1,699 — 750 1,381 1,434 1 ,661 5,421 -- -- -- -- .- -- -- -- -- -- -- -- 39,719 3,097 79,683 1,832 143 3,674 9,604 749 19,267 2,134 166 4,281 3,183 248 6,385 3,027 236 6,073 2,083 163 4,180 6,386 498 12,812 1,488 116 2,985 808 63 ,621 1,546 120 3,100 1 ,789 140 -- -- -- -. -- -- -- _- 79,683 86,391 3,674 3,972 19,267 21,601 4,281 4,567 6,385 6,751 6,073 6,570 4,180 4,663 12,812 13,668 2,985 3,238 ™r ,621 1 ,770 3,100 3,353 10,007 253 3«138 458 59 59 1,602 12 2,077 372 26 76 513 27 102 1,125 14 101 1,032 14 83 1,434 16 195 461 14 49 482 34 29 740 17 49 672 12 59 1,116 8 259 ^13,149 5,016 27,218 5,973 8,862 8,991 17,610 4,268 2 ,637 4,646 5 ,097 16,327 — 6,504 -- r ~ Excludes $58 million of securities sold, and scheduled to be bought back, under matched sale-purchase transactions. Includes $73 million securities loaned--fully secured by U.S. Government securities pledged with Federal Reserve Banks. Includes assets denominated in foreign currencies. — 5,839 455 ~Tr^i5— 11,715 --~ ,590 ' 11,715 3^ T T — 12,527— H.4.1(c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON October 23, 1974 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 ace:eptances purchased for foreign correspondents 3,285 17,056 4,185 5,778 6,218 3,642 11,141 2,773 1,272 2,534 2,595 8,062 31,137 1,080 79 1,393 282 12 916 3 33,728 1,174 7,534 417 7,261 203 1/ 62 645 8,171 1,135 1,210 82 14 8 1,314 304 2,281 99 26 2 2,408 399 1,447 158 17 25 1,647 912 1,868 107 22 22 2,019 625 4,632 74 46 165 4,917 1,037 944 91 10 3 1,048 332 760 73 7 2 842 448 1,192 107 12 5 1,316 663 1,712 73 16 13 1,814 520 6,750 247 38 23 7,058 742 1,198 111,001 54 4,930 293 26,655 68 5,871 9? 8,677 86 8,863 64 6,350 183 17,278 42 4,195 26 2,588 45 4,558 56 4,985 189 16,051 888 844 416 35 34 17 232 215 116 41 42 19 78 74 50 47 W 11 68 62 24 137 132 63 29 29 15 21 20 8 37 35 16 48 46 18 112 108 56 113,149 5,016 27,218 5,973 8,862 8,991 6,504 17.610 4,268 3,637 4.646 5.Q97 16,327 1,973 81 ^502 9/ 174 110 144 310 67 45 81 ___109_ 1,328 2,690 2,776 68,541 25.3. , FEDERAL RESERVE AGENTS1 ACCOUNTS F. R. notes outstanding Collateral for F. R. notes: Gold certificate account U. S. Government securities Total collateral 71,568 3,420 17,811 2,405 70,515 72,920 3,350 3,450 18.050 18,050 4,284 5,915 6,445 300 330 795 4.100 4,400 5r800 6,130 5,695 6,490 4,004 11,341 2,937 700 175 5 4,050 10^00 ? ftin 2.830 8.800 4,050 11,500 2,985 2,835 8,800 1,430 2,800 8,617 1/ After deductine $ 220 million participations of other Federal Reserve Banks. 2/ 3/ After deducting $l,^71million participations of other Federal Reserve Banks. Includes $60 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's program of credit restraint.
@FedFRASER