FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release will be announced, when the information is available, on (202) 452-3206. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks September 7, 2000 Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Sep 6, 2000 Aug 30, 2000 Sep 8, 1999 Sep 6, 2000 Reserve Bank Credit 562,918 + 6,081 + 28,357 564,428 U.S. government securities (1) Bought outright-system account (2,3) 511,123 - 24 + 20,601 512,447 Held under repurchase agreements 0 0 - 2,458 0 Federal agency obligations (1) Bought outright 140 0 - 98 140 Held under repurchase agreements 0 0 - 8,387 0 Repurchase agreements -- triparty (4) 17,664 + 6,903 + 17,664 16,680 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 36 - 18 + 22 129 Seasonal credit 531 - 55 + 255 504 Extended credit 0 0 0 0 Float -2 - 500 + 40 747 Other F.R. assets 33,426 - 225 + 718 33,781 Gold stock 11,046 0 + 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,105 + 14 + 2,768 30,105 Total factors supplying reserve funds 608,269 + 6,095 + 27,126 609,778 Currency in circulation* 572,193 + 3,822 + 30,374 573,551 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 166 + 5 + 79 168 Deposits,other than reserve balances,with F.R.Banks Treasury 5,594 + 349 + 481 4,359 Foreign 74 - 3 - 122 75 Service-related balances and adjustments (5) 6,793 + 94 - 226 6,793 Other 248 + 43 - 9 247 Other F.R. liabilities and capital 15,156 - 145 - 3,426 14,928 Total factors, other than reserve balances, absorbing reserve funds 600,223 + 4,164 + 27,149 600,121 Reserve balances with F.R. Banks (6) 8,046 + 1,931 - 23 9,657 On September 6, 2000, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 714,324 million, a change of $ + 248 million for the week. The total includes $ 619,409 million of U.S. government securities and $ 94,915 million of federal agency securities. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Face value of the securities. 2 Net of $ 16,449 million (daily average over statement week) and $ 15,558 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,449 million (daily average) and $ 15,558 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 391 million (daily average) and $ 748 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 422 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 5 Consists of required clearing balances of $ 6,264 million and adjustments of $ 529 million to compensate for float. 6 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Components may not add to totals due to rounding. Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of Dollars Change Since * Wednesday Wednesday Wednesday Sep 6, 2000 Aug 30, 2000 Sep 8, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 4,000 Coin 729 - 31 + 446 Loans 633 + 27 + 354 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 16,680 + 4,745 + 16,680 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 13,350 U.S. government securities (2) Bought outright--Bills 188,995 - 265 - 10,597 Notes (3) 232,772 - 884 + 21,940 Bonds (4) 90,679 + 500 + 10,629 Total bought outright (5) 512,447 - 648 + 21,973 Held under repurchase agreements (1) 0 0 - 3,430 Total U.S. government securities 512,447 - 648 + 18,543 Total loans and securities 529,899 + 4,123 + 22,127 Items in process of collection (701) 11,517 + 4,406 + 873 Bank premises 1,419 + 7 + 87 Other assets (6) 32,367 - 87 + 571 TOTAL ASSETS (701) 591,178 + 8,419 + 20,105 LIABILITIES Federal Reserve notes 544,342 + 2,982 + 27,725 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 17,250 + 3,739 - 4,839 U.S. Treasury--general account 4,359 - 1,589 + 213 Foreign--official accounts 75 - 24 - 141 Other (0) 247 + 45 - 17 Total deposits (0) 21,932 + 2,171 - 4,784 Deferred availability cash items (701) 9,976 + 3,252 + 475 Other liabilities and accrued dividends (7) 4,427 + 53 - 363 TOTAL LIABILITIES (701) 580,677 + 8,458 + 23,053 CAPITAL ACCOUNTS Capital paid in 6,874 + 18 + 566 Surplus 2,679 0 - 3,273 Other capital accounts 948 - 57 - 241 *Figures in parentheses are the eliminations made in the consolidation process. 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 333 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,558 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 748 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. 7 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 6, 2000 Holdings of securities include securitites held under repurchase agreements, which are classified according to remaining maturity. Millions of dollars U.S. government Federal agency Reverse Loans securities (1,2) obligations(2) Repurchase Repurchase Weekly Weekly Agreements Agreements Holdings changes Holdings changes Triparty(3) Triparty(3) Within 15 days 234 15,459 - 2,381 10 0 12,685 0 16 to 90 days 398 111,753 + 561 0 0 3,995 0 91 days to 1 year 0 131,447 + 2,357 0 0 ------ ------ Over 1 to 5 years 129,601 - 1,689 10 0 ------ ------ Over 5 to 10 years 53,074 + 3 120 0 ------ ------ Over 10 years 71,112 + 499 0 0 ------ ------ Total 633 512,447 - 648 140 0 16,680 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 422 million of compensation that adjusts for the effects of inflation on the principal of such securities. 2 Includes face value of securities held under repurchase agreements classified by the remaining maturity of the agreements. 3 Cash value of agreements arranged through third-party custodial banks classified by remaining maturity of the agreements. Components may not add to totals due to rounding. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 6, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,046 535 4,428 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 4,200 219 1,668 158 199 280 317 405 135 58 126 187 448 Coin 729 15 63 47 50 97 100 91 39 22 49 71 84 Loans 633 0 117 3 0 0 21 116 105 149 92 15 15 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 16,680 0 16,680 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 140 8 54 6 8 8 9 17 5 1 5 4 15 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities(2) Bought outright--Bills 188,995 10,850 72,953 7,872 10,576 11,094 12,580 22,607 7,179 796 6,298 5,592 20,598 Notes (3) 232,772 13,363 89,851 9,695 13,026 13,664 15,494 27,843 8,842 980 7,757 6,887 25,370 Bonds (4) 90,679 5,206 35,002 3,777 5,074 5,323 6,036 10,847 3,445 382 3,022 2,683 9,883 Total bought outright(5) 512,447 29,419 197,805 21,344 28,677 30,082 34,110 61,296 19,466 2,157 17,077 15,162 55,851 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 512,447 29,419 197,805 21,344 28,677 30,082 34,110 61,296 19,466 2,157 17,077 15,162 55,851 Total loans and securities 529,899 29,427 214,656 21,352 28,685 30,090 34,140 61,429 19,576 2,307 17,174 15,181 55,881 Items in process of collection 12,218 898 1,534 537 468 977 1,070 799 549 768 871 655 3,093 Bank premises 1,419 93 163 49 156 124 218 105 33 126 49 138 165 Other assets(5) 32,367 1,532 10,855 1,171 1,903 4,973 2,116 3,107 947 652 934 993 3,183 Interdistrict settlement account 0 + 1,311 +11,949 - 683 + 1,498 + 376 + 2,508 - 4,891 - 682 - 1,077 - 1,472 - 4,989 - 3,848 TOTAL ASSETS 591,879 34,029 245,316 23,046 33,479 37,668 41,269 62,108 20,958 3,015 18,072 12,750 60,167 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 333 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,558 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 748 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 6, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 544,342 31,471 230,808 21,567 31,007 32,704 37,265 57,676 19,260 1,221 16,450 11,122 53,792 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,250 956 4,677 496 883 1,333 1,980 2,202 980 653 686 728 1,676 U.S. Treasury--general account 4,359 0 4,359 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 75 1 51 1 2 8 2 3 1 1 1 1 3 Other 247 0 136 0 2 90 0 14 0 0 2 1 2 Total deposits 21,932 958 9,223 497 887 1,430 1,983 2,218 981 655 689 730 1,680 Deferred credit items 10,676 819 1,363 457 617 812 941 767 309 587 491 444 3,069 Other liabilities and accrued dividends (2) 4,427 258 1,505 197 262 317 334 500 184 70 176 164 461 TOTAL LIABILITIES 581,378 33,505 242,899 22,718 32,774 35,264 40,523 61,162 20,733 2,533 17,807 12,460 59,002 CAPITAL ACCOUNTS Capital paid in 6,874 367 1,440 212 468 1,680 490 613 135 357 175 187 750 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 948 37 424 33 52 20 65 93 24 28 16 16 141 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 591,879 34,029 245,316 23,046 33,479 37,668 41,269 62,108 20,958 3,015 18,072 12,750 60,167 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 766,252 37,895 307,606 31,651 37,503 51,511 60,797 70,444 24,027 9,933 21,993 33,285 79,608 Less--Held by F.R. Banks 221,910 6,424 76,798 10,084 6,496 18,807 23,532 12,768 4,767 8,712 5,542 22,163 25,816 F.R. notes, net 544,342 31,471 230,808 21,567 31,007 32,704 37,265 57,676 19,260 1,221 16,450 11,122 53,792 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities(3) 529,097 Total collateral 544,342 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements. Components may not add to totals due to rounding.