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 28, 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 27, 2000 Sep 20, 2000 Sep 29, 1999 Sep 27, 2000 Reserve Bank Credit 558,798 - 3,402 + 21,412 561,563 U.S. government securities (1) Bought outright-system account (2,3) 511,153 + 2,140 + 21,187 512,472 Held under repurchase agreements 0 0 - 2,871 0 Federal agency obligations (1) Bought outright 130 0 - 108 130 Held under repurchase agreements 0 0 - 9,728 0 Repurchase agreements -- triparty (4) 11,425 - 5,861 + 11,425 12,170 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 18 - 117 - 83 7 Seasonal credit 398 + 14 + 94 407 Extended credit 0 0 0 0 Float 683 - 286 + 484 648 Other F.R. assets 34,991 + 707 + 1,012 35,728 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 3,200 - 143 - 4,000 3,200 Treasury currency outstanding 30,395 + 14 + 2,968 30,395 Total factors supplying reserve funds 603,439 - 3,531 + 20,378 606,204 Currency in circulation* 567,984 - 1,338 + 25,417 569,307 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 177 + 13 + 84 184 Deposits,other than reserve balances,with F.R.Banks Treasury 7,357 - 1,217 - 46 7,986 Foreign 77 - 9 - 141 75 Service-related balances and adjustments (5) 6,897 + 424 - 426 6,897 Other 242 + 43 + 19 189 Other F.R. liabilities and capital 15,333 + 72 - 3,273 15,034 Total factors, other than reserve balances, absorbing reserve funds 598,067 - 2,012 + 21,633 599,671 Reserve balances with F.R. Banks (6) 5,372 - 1,519 - 1,255 6,533 On September 27, 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 $ 698,460 million, a change of $ - 8,555 million for the week. The total includes $ 602,815 million of U.S. government securities and $ 95,645 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 $ 16,393 million (daily average over statement week) and $ 15,594 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,393 million (daily average) and $ 15,594 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 388 million (daily average) and $ 116 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 $ 430 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 $ 6,299 million and adjustments of $ 598 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 27, 2000 Sep 20, 2000 Sep 29, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 3,200 0 - 4,000 Coin 790 + 25 + 503 Loans 414 - 886 - 4 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 12,170 - 7,715 + 12,170 Federal agency obligations (2) Bought outright 130 0 - 108 Held under repurchase agreements 0 0 - 11,183 U.S. government securities (2) Bought outright--Bills 185,416 + 1,384 - 13,749 Notes (3) 235,724 + 468 + 23,923 Bonds (4) 91,332 + 185 + 11,279 Total bought outright (5) 512,472 + 2,038 + 21,453 Held under repurchase agreements (1) 0 0 - 5,220 Total U.S. government securities 512,472 + 2,038 + 16,233 Total loans and securities 525,186 - 6,564 + 17,108 Items in process of collection (758) 7,072 - 791 + 94 Bank premises 1,425 + 3 + 88 Other assets (6) 34,403 + 1,126 + 1,394 TOTAL ASSETS (758) 583,123 - 6,200 + 15,186 LIABILITIES Federal Reserve notes 539,886 - 88 + 22,687 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,027 - 6,314 - 3,969 U.S. Treasury--general account 7,986 + 573 - 246 Foreign--official accounts 75 + 9 - 116 Other (0) 189 - 3 - 2 Total deposits (0) 21,276 - 5,736 - 4,333 Deferred availability cash items (758) 6,927 - 407 + 284 Other liabilities and accrued dividends (7) 4,338 + 10 - 674 TOTAL LIABILITIES (758) 572,427 - 6,221 + 17,963 CAPITAL ACCOUNTS Capital paid in 6,949 + 14 + 620 Surplus 2,679 0 - 3,273 Other capital accounts 1,067 + 7 - 125 *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 $ 340 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,594 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 116 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 27, 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 365 19,796 + 2,658 0 0 8,220 0 16 to 90 days 49 107,557 - 1,460 0 0 3,950 0 91 days to 1 year 0 128,442 + 186 0 0 ------ ------ Over 1 to 5 years 131,987 + 650 30 0 ------ ------ Over 5 to 10 years 53,527 + 2 100 0 ------ ------ Over 10 years 71,162 0 0 0 ------ ------ Total 414 512,472 + 2,038 130 0 12,170 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 430 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 27, 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. 3,200 167 1,271 120 151 213 242 309 103 44 96 143 341 Coin 790 21 67 48 50 101 106 99 44 25 57 65 107 Loans 414 0 0 2 0 0 16 91 89 103 88 13 13 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 12,170 0 12,170 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 130 7 50 5 7 8 9 16 5 1 4 4 14 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 185,416 10,644 71,571 7,723 10,376 10,884 12,342 22,179 7,043 781 6,179 5,486 20,208 Notes (3) 235,724 13,533 90,990 9,818 13,191 13,838 15,690 28,196 8,954 992 7,855 6,975 25,691 Bonds (4) 91,332 5,243 35,254 3,804 5,111 5,361 6,079 10,925 3,469 384 3,044 2,702 9,954 Total bought outright(5) 512,472 29,420 197,815 21,345 28,678 30,083 34,111 61,299 19,467 2,157 17,078 15,163 55,854 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 512,472 29,420 197,815 21,345 28,678 30,083 34,111 61,299 19,467 2,157 17,078 15,163 55,854 Total loans and securities 525,186 29,428 210,035 21,352 28,686 30,091 34,136 61,406 19,562 2,261 17,170 15,179 55,881 Items in process of collection 7,830 368 961 347 273 625 830 613 329 549 469 426 2,041 Bank premises 1,425 93 166 49 156 125 219 104 33 126 49 138 165 Other assets(5) 34,403 1,643 11,552 1,245 2,019 5,222 2,248 3,334 1,017 684 995 1,050 3,395 Interdistrict settlement account 0 + 524 +17,052 - 885 + 959 - 405 + 1,989 - 5,945 - 1,307 - 1,073 - 1,334 - 5,290 - 4,287 TOTAL ASSETS 583,881 32,778 245,532 22,690 32,814 36,722 40,573 60,985 20,139 2,775 17,842 12,225 58,806 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 $ 340 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,594 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 116 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 27, 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 539,886 30,716 230,560 21,291 30,655 32,333 37,602 56,888 19,039 1,139 16,273 10,805 52,586 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,027 678 1,997 558 817 1,005 926 2,073 501 600 755 688 2,428 U.S. Treasury--general account 7,986 0 7,986 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 189 0 140 1 4 32 0 4 1 0 4 1 1 Total deposits 21,276 680 10,173 559 823 1,046 928 2,080 502 602 760 690 2,432 Deferred credit items 7,685 525 869 315 365 611 961 569 196 477 371 282 2,145 Other liabilities and accrued dividends (2) 4,338 259 1,475 194 249 314 331 491 181 70 169 158 448 TOTAL LIABILITIES 573,185 32,179 243,077 22,358 32,092 34,304 39,822 60,027 19,918 2,288 17,574 11,935 57,613 CAPITAL ACCOUNTS Capital paid in 6,949 368 1,492 212 480 1,680 491 613 136 357 175 187 757 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 1,067 110 411 37 57 33 69 104 19 32 19 16 160 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,881 32,778 245,532 22,690 32,814 36,722 40,573 60,985 20,139 2,775 17,842 12,225 58,806 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 765,043 37,442 306,056 31,895 37,359 52,506 61,648 70,267 23,858 9,881 21,851 33,161 79,120 Less--Held by F.R. Banks 225,157 6,727 75,496 10,605 6,704 20,173 24,046 13,379 4,819 8,742 5,578 22,356 26,533 F.R. notes, net 539,886 30,716 230,560 21,291 30,655 32,333 37,602 56,888 19,039 1,139 16,273 10,805 52,586 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 869 U.S. govt. and agency securities(3) 524,772 Total collateral 539,886 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.