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Release Date: December 23, 1999
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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
December 23, 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 Dec 22, 1999 Dec 15, 1999 Dec 23, 1998 Dec 22, 1999
Reserve Bank Credit 594,453 + 10,339 + 90,222 603,677
U.S. government securities (1)
Bought outright-system account (2,3) 494,597 - 1,137 + 41,486 494,391
Held under repurchase agreements 0 0 - 8,098 0
Federal agency obligations (1)
Bought outright 181 0 - 157 181
Held under repurchase agreements 0 0 - 5,767 0
Repurchase agreements -- triparty (4) 64,415 + 11,072 + 64,415 73,085
Acceptances 0 0 0 0
Loans to depository institutions
Adjustment credit 83 - 84 + 75 112
Seasonal credit 80 + 20 + 64 78
Special Liquidity Facility 25 - 18 + 25 28
Extended credit 0 0 0 0
Float 644 + 11 - 1,103 1,117
Other F.R. assets 34,428 + 476 - 719 34,684
Gold stock 11,049 0 + 8 11,048
Special drawing rights certificate account 6,200 - 857 - 3,000 6,200
Treasury currency outstanding 27,734 + 14 + 1,499 27,734
Total factors supplying reserve funds 639,435 + 9,496 + 88,729 648,659
Currency in circulation* 602,343 + 10,425 + 90,890 611,625
Reverse repurchase agreements -- triparty (4) 0 0 0 0
Treasury cash holdings* 109 + 1 + 25 109
Deposits,other than reserve balances,with F.R.Banks
Treasury 6,206 + 933 + 772 4,741
Foreign 58 - 156 - 136 88
Service-related balances and adjustments (5) 7,770 + 432 + 793 7,770
Other 213 - 9 - 18 210
Other F.R. liabilities and capital 18,663 + 20 + 1,466 18,372
Total factors, other than reserve balances,
absorbing reserve funds 635,362 + 11,645 + 93,792 642,915
Reserve balances with F.R. Banks (6) 4,073 - 2,150 - 5,063 5,744
On December 22, 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 625,577 million, a change of
+$ 995 million for the week. 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 $ 20,421 million (daily average over statement week) and $ 21,865 million (outstanding on
Wednesday statement date) matched sale-purchase transactions, of which $ 20,421 million (daily average)
and $ 21,865 million (outstanding on Wednesday statement date) were with foreign official and international
accounts. Includes securities loans of $ 551 million (daily average) and $ 507 million
(outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and
$ 225 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 $ 7,424 million and adjustments of $ 346 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.
Note: on December 22, 1999, option contracts on repurchase agreements were outstanding as follows:
$ 113,850 million with exercise dates from December 23, 1999 through December 29, 1999;
$ 222,950 million with exercise dates from December 30, 1999 through January 5, 2000; and
$ 144,000 million with exercise dates from January 6, 2000 through January 12, 2000. Further details on these contracts
can be found on the website of the Federal Reserve Bank of New York (http://www.newyorkfed.org/pihome/news/announce).
Worksheet for H.4.1 (a)
CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
Change Since
* Wednesday Wednesday Wednesday
Dec 22, 1999 Dec 15, 1999 Dec 23, 1998
ASSETS
Gold certificate account 11,048 - 1 + 7
Special drawing rights certificate account 6,200 0 - 3,000
Coin 238 + 7 - 154
Loans 218 - 1,101 + 176
Acceptances 0 0 0
Repurchase agreements -- triparty (1) 73,085 + 12,420 + 73,085
Federal agency obligations (2)
Bought outright 181 0 - 157
Held under repurchase agreements 0 0 - 5,742
U.S. government securities (2)
Bought outright--Bills 193,834 - 3,360 - 3,457
Notes (3) 217,580 + 2,824 + 29,687
Bonds (4) 82,977 0 + 13,504
Total bought outright (5) 494,391 - 536 + 39,734
Held under repurchase agreements (1) 0 0 - 7,845
Total U.S. government securities 494,391 - 536 + 31,889
Total loans and securities 567,876 + 10,784 + 99,253
Items in process of collection (787) 8,896 - 29 - 2,636
Bank premises 1,356 + 1 + 59
Other assets (6) 33,343 + 550 - 856
TOTAL ASSETS (787) 628,957 + 11,312 + 92,673
LIABILITIES
Federal Reserve notes 584,238 + 14,191 + 94,256
Reverse repurchase agreements -- triparty (1) 0 0 0
Deposits
Depository institutions 13,327 + 500 - 3,697
U.S. Treasury--general account 4,741 - 3,036 + 904
Foreign--official accounts 88 - 408 - 87
Other (10) 210 - 14 + 35
Total deposits (10) 18,366 - 2,957 - 2,845
Deferred availability cash items (777) 7,980 + 53 - 142
Other liabilities and accrued dividends (7) 4,605 - 11 + 157
TOTAL LIABILITIES (787) 615,190 + 11,276 + 91,427
CAPITAL ACCOUNTS
Capital paid in 6,425 + 27 + 477
Surplus 5,952 0 + 732
Other capital accounts 1,390 + 9 + 38
*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 $ 3,938 million of inflation-indexed securities valued at the original face amount and
$ 177 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
$ 48 million of compensation that adjusts for the effects of inflation on the principal of such
securities.
5 Net of $ 21,865 million matched sale-purchase transactions outstanding at the end of the latest
statement week. Includes securities loans of $ 507 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, December 22, 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 Reverse
Loans securities (1,2) obligations(2) Repurchase Repurchase
Weekly Weekly Agreements Agreements
Holdings changes Holdings changes Triparty(3) Triparty(3)
Within 15 days 204 12,871 + 1,980 0 0 21,725 0
16 to 90 days 7 97,667 - 5,150 31 0 51,360 0
91 days to 1 year 8 141,435 + 1,260 20 0 ------ ------
Over 1 to 5 years 125,044 + 1,373 10 0 ------ ------
Over 5 to 10 years 51,105 + 1 120 0 ------ ------
Over 10 years 66,269 0 0 0 ------ ------
Total 218 494,391 - 536 181 0 73,085 0
1 Includes $ 5,476 million of inflation-indexed securities valued at the original face amount and
$ 225 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 December 22, 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 11,048 533 4,435 319 566 834 724 993 337 140 313 575 1,279
Special drawing rights certif. acct. 6,200 307 2,431 187 299 516 450 549 175 78 175 341 692
Coin 238 5 12 11 15 39 27 32 11 13 19 18 37
Loans 218 56 0 9 0 10 10 41 29 22 20 6 16
Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0
Repurchase Agreements -- triparty(1) 73,085 0 73,085 0 0 0 0 0 0 0 0 0 0
Federal agency obligations(2)
Bought outright 181 9 72 5 10 14 11 17 6 2 5 9 19
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 193,834 10,024 77,194 5,806 11,220 14,582 11,799 18,205 6,376 2,318 5,813 9,658 20,840
Notes (3) 217,580 11,252 86,650 6,517 12,595 16,369 13,244 20,435 7,157 2,602 6,525 10,841 23,393
Bonds (4) 82,977 4,291 33,045 2,485 4,803 6,242 5,051 7,793 2,729 992 2,488 4,135 8,921
Total bought outright(5) 494,391 25,566 196,889 14,808 28,618 37,193 30,093 46,433 16,263 5,913 14,826 24,634 53,155
Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0
Total U.S. govt. securities 494,391 25,566 196,889 14,808 28,618 37,193 30,093 46,433 16,263 5,913 14,826 24,634 53,155
Total loans and securities 567,876 25,632 270,046 14,822 28,628 37,217 30,114 46,491 16,298 5,937 14,851 24,649 53,191
Items in process of collection 9,682 566 1,199 431 406 760 843 692 439 539 714 435 2,658
Bank premises 1,356 93 165 50 156 124 139 107 32 128 51 146 165
Other assets(5) 33,343 1,494 11,210 1,005 1,956 4,588 2,087 2,967 825 760 839 1,363 4,248
Interdistrict settlement account 0 + 8,208 -44,266 + 7,270 + 1,306 - 2,399 +11,463 +19,372 + 4,308 - 3,706 + 2,691 -12,377 + 8,130
TOTAL ASSETS 629,744 36,838 245,232 24,095 33,332 41,679 45,846 71,204 22,425 3,889 19,653 15,150 70,401
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 $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 177 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 $ 48 million
of compensation that adjusts for the effects of inflation on the principal of such securities.
5 Net of $ 21,865 million matched sale-purchase transactions outstanding at the end of the latest statement week.
Includes securities loans of $ 507 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 December 22, 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 584,238 34,149 231,837 22,775 30,903 35,933 42,643 66,865 21,164 2,523 18,240 13,576 63,631
Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0
Deposits
Depository institutions 13,327 1,365 2,838 350 763 1,115 929 1,962 485 299 472 552 2,198
U.S. Treasury--general account 4,741 0 4,741 0 0 0 0 0 0 0 0 0 0
Foreign--official accounts 88 1 64 1 2 6 2 3 1 1 1 1 5
Other 220 0 138 2 4 57 1 1 1 0 2 2 12
Total deposits 18,376 1,366 7,781 352 769 1,179 932 1,966 486 300 475 555 2,214
Deferred credit items 8,757 467 1,051 390 480 744 1,003 726 267 499 407 323 2,400
Other liabilities and accrued
dividends (2) 4,605 251 1,619 165 273 405 319 437 172 95 166 234 468
TOTAL LIABILITIES 615,977 36,234 242,287 23,682 32,425 38,261 44,897 69,995 22,090 3,418 19,288 14,687 68,714
CAPITAL ACCOUNTS
Capital paid in 6,425 289 1,325 199 439 1,691 460 578 158 235 177 210 660
Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972
Other capital accounts 1,390 47 411 37 70 489 71 48 56 34 48 25 55
TOTAL LIABILITIES AND CAPITAL
ACCOUNTS 629,744 36,838 245,232 24,095 33,332 41,679 45,846 71,204 22,425 3,889 19,653 15,150 70,401
FEDERAL RESERVE AGENTS' ACCOUNTS
F.R. notes outstanding 823,577 42,865 326,809 30,996 38,983 54,915 62,373 79,437 26,510 11,379 24,645 36,807 87,857
Less--Held by F.R. Banks 239,339 8,716 94,972 8,221 8,081 18,982 19,730 12,572 5,346 8,856 6,405 23,232 24,226
F.R. notes, net 584,238 34,149 231,837 22,775 30,903 35,933 42,643 66,865 21,164 2,523 18,240 13,576 63,631
Collateral held against F.R. notes
Gold certificate account 11,048
Special drawing rights
certificate account 6,200
Other eligible assets 0
U.S. govt. and agency securities(3) 566,990
Total collateral 584,238
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.
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Last update: December 23, 1999