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 August 12, 1999 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 Aug 11, 1999 Aug 4, 1999 Aug 12, 1998 Aug 11, 1999 Reserve Bank Credit (1,2) 527,812 + 289 + 45,842 534,838 U.S. government securities Bought outright-system account (3) 486,151 + 596 + 44,245 486,465 Held under repurchase agreements 2,186 - 547 - 406 5,660 Federal agency obligations Bought outright 249 0 - 230 249 Held under repurchase agreements 4,414 + 784 + 1,279 6,320 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 217 + 143 + 215 1,343 Seasonal credit 261 - 4 + 18 270 Extended credit 0 0 0 0 Float -55 - 824 - 699 -453 Other F.R. assets 34,389 + 140 + 1,419 34,983 Gold stock 11,047 0 + 2 11,047 Special drawing rights certificate account 8,200 0 - 1,000 8,200 Treasury currency outstanding 27,014 + 14 + 1,145 27,014 Total factors supplying reserve funds 574,073 + 303 + 45,989 581,098 Currency in circulation* 535,713 + 1,369 + 47,511 537,099 Treasury cash holdings* 58 + 1 - 80 59 Deposits,other than reserve balances,with F.R.Banks Treasury 5,100 - 5 + 261 5,427 Foreign 173 - 47 - 4 165 Service-related balances and adjustments (4) 7,115 + 103 + 125 7,115 Other 293 + 43 - 37 465 Other F.R. liabilities and capital 18,256 - 16 + 1,464 17,830 Total factors, other than reserve balances, absorbing reserve funds 566,708 + 1,447 + 49,240 568,159 Reserve balances with F.R. Banks (5) 7,365 - 1,144 - 3,251 12,939 On August 11, 1999, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was 603,115 million, a change of -$ 5,315 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 17,203 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 17,203 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 16,890 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 16,890 million was with foreign official and international accounts. Includes $ 340 million securities loaned--fully secured U.S. government securities. 3 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 156 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,771 million and adjustments of $ 344 million to compensate for float. 5 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 Aug 11, 1999 Aug 4, 1999 Aug 12, 1998 ASSETS Gold certificate account 11,047 0 + 2 Special drawing rights certificate account 8,200 0 - 1,000 Coin 300 - 5 - 113 Loans 1,614 + 1,319 + 1,366 Acceptances 0 0 0 Federal agency obligations Bought outright 249 0 - 202 Held under repurchase agreements (1) 6,320 + 1,520 + 185 U.S. government securities Bought outright--Bills 198,810 + 1,479 - 1,213 Notes (2) 209,771 0 + 30,883 Bonds (3) 77,884 0 + 14,517 Total bought outright (4) 486,465 + 1,478 + 44,187 Held under repurchase agreements (1) 5,660 + 5,220 - 95 Total U.S. government securities 492,125 + 6,698 + 38,337 Total loans and securities 500,308 + 9,537 + 45,442 Items in process of collection (616) 6,955 - 2,347 - 424 Bank premises 1,323 - 4 + 31 Other assets (5) 33,676 + 797 + 1,178 TOTAL ASSETS (616) 561,808 + 7,978 + 45,114 LIABILITIES Federal Reserve notes 510,443 + 954 + 46,348 Deposits Depository institutions 20,617 + 7,916 - 3,326 U.S. Treasury--general account 5,427 - 195 + 289 Foreign--official accounts 165 - 2 + 2 Other (0) 465 + 193 + 129 Total deposits (0) 26,674 + 7,911 - 2,905 Deferred availability cash items (616) 6,861 - 730 + 579 Other liabilities and accrued dividends (6) 4,528 + 309 - 172 TOTAL LIABILITIES (616) 548,505 + 8,442 + 43,849 CAPITAL ACCOUNTS Capital paid in 6,295 - 5 + 449 Surplus 5,952 0 + 732 Other capital accounts 1,056 - 459 + 85 *Figures in parentheses are the eliminations made in the consolidation process. 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 130 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 26 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 16,890 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 340 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. 6 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, August 11, 1999 Holdings of securities include securitites held under repurchase agreements, which are classified according to remaining maturity. Millions of dollars U.S. government Federal agency Loans Acceptances securities (1) obligations Weekly Weekly Holdings changes Holdings changes Within 15 days 1,418 0 Within 15 days 21,206 + 5,873 6,331 + 1,531 16 to 90 days 196 0 16 to 90 days 95,431 + 570 20 - 11 Over 90 days 0 0 91 days to 1 year 140,380 + 255 48 0 Over 1 to 5 years 122,624 0 20 0 Over 5 to 10 years 49,861 0 150 0 Over 10 years 62,623 0 0 0 Total 1,614 0 Total 492,125 + 6,698 6,569 + 1,520 1 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 156 million of compensation that adjusts for the effects of inflation on the principal of such securities. Components may not add to totals due to rounding. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 11, 1999 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,047 533 4,434 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 8,200 406 3,215 247 396 683 596 725 232 103 231 451 915 Coin 300 7 11 21 20 38 39 31 18 17 23 45 30 Loans 1,614 255 60 0 0 679 11 343 60 75 97 2 33 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 249 13 99 7 14 19 15 23 8 3 7 12 27 Held under repurchase agreements(1) 6,320 0 6,320 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 198,810 10,281 79,175 5,955 11,508 14,956 12,101 18,672 6,540 2,378 5,962 9,906 21,375 Notes (2) 209,771 10,848 83,540 6,283 12,143 15,781 12,769 19,702 6,900 2,509 6,291 10,452 22,554 Bonds (3) 77,884 4,028 31,017 2,333 4,508 5,859 4,741 7,315 2,562 931 2,336 3,881 8,374 Total bought outright(4) 486,465 25,157 193,732 14,570 28,159 36,597 29,611 45,689 16,002 5,818 14,588 24,239 52,303 Held under repurchase agreements(1) 5,660 0 5,660 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 492,125 25,157 199,392 14,570 28,159 36,597 29,611 45,689 16,002 5,818 14,588 24,239 52,303 Total loans and securities 500,308 25,424 205,872 14,578 28,173 37,294 29,637 46,056 16,070 5,896 14,692 24,254 52,363 Items in process of collection 7,571 381 893 343 284 570 831 414 380 650 474 390 1,963 Bank premises 1,323 93 158 50 157 124 111 107 31 129 52 147 165 Other assets(5) 33,676 1,513 11,484 983 1,965 4,523 2,102 2,991 842 750 855 1,441 4,226 Interdistrict settlement account 0 - 460 - 2,682 + 8,088 - 2,216 -10,905 - 345 +12,639 + 2,921 - 2,434 + 2,156 - 3,651 - 3,109 TOTAL ASSETS 562,424 27,897 223,384 24,628 29,345 33,161 33,694 63,956 20,830 5,251 18,796 23,651 57,831 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 130 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 26 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 16,890 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 340 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 11, 1999 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 510,443 25,479 205,695 22,752 26,773 26,610 29,907 59,922 19,208 3,155 17,229 21,758 51,955 Deposits Depository institutions 20,617 1,208 6,272 1,005 1,110 2,366 1,754 1,801 797 939 638 876 1,849 U.S. Treasury--general account 5,427 0 5,427 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 165 7 49 4 10 30 10 14 3 5 3 6 24 Other 465 0 336 0 3 109 1 2 2 0 7 2 1 Total deposits 26,674 1,215 12,084 1,010 1,123 2,505 1,765 1,818 803 944 649 883 1,874 Deferred credit items 7,477 381 916 313 345 531 842 564 328 626 406 333 1,892 Other liabilities and accrued dividends (1) 4,528 222 1,843 152 249 335 287 397 159 86 156 216 426 TOTAL LIABILITIES 549,122 27,297 220,537 24,227 28,490 29,981 32,801 62,701 20,498 4,812 18,440 23,190 56,147 CAPITAL ACCOUNTS Capital paid in 6,295 287 1,315 194 409 1,631 429 605 158 217 171 211 668 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,056 44 324 31 47 311 45 68 53 20 45 22 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 562,424 27,897 223,384 24,628 29,345 33,161 33,694 63,956 20,830 5,251 18,796 23,651 57,831 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 759,846 33,457 301,705 30,961 35,759 51,955 53,231 74,893 25,874 11,480 24,595 37,785 78,151 Less--Held by F.R. Banks 249,403 7,978 96,010 8,210 8,986 25,345 23,324 14,972 6,665 8,325 7,366 16,027 26,196 F.R. notes, net 510,443 25,479 205,695 22,752 26,773 26,610 29,907 59,922 19,208 3,155 17,229 21,758 51,955 Collateral held against F.R. notes Gold certificate account 11,047 Special drawing rights certificate account 8,200 Other eligible assets 0 U.S. govt. and agency securities 491,197 Total collateral 510,443 1 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.