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 January 20, 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 Jan 19, 2000 Jan 12, 2000 Jan 20, 1999 Jan 19, 2000 Reserve Bank Credit 571,881 - 17,707 + 65,900 568,812 U.S. government securities (1) Bought outright-system account (2,3) 494,824 + 10,129 + 42,006 496,110 Held under repurchase agreements 0 0 - 6,291 0 Federal agency obligations (1) Bought outright 181 0 - 157 181 Held under repurchase agreements 0 0 - 6,046 0 Repurchase agreements -- triparty (4) 40,754 - 26,667 + 40,754 34,610 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 242 - 614 + 220 127 Seasonal credit 28 - 3 + 24 32 Special Liquidity Facility 16 - 111 + 16 13 Extended credit 0 0 0 0 Float 407 - 632 - 3,780 2,339 Other F.R. assets 35,430 + 192 - 845 35,401 Gold stock 11,048 0 + 2 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 27,790 + 14 + 1,457 27,790 Total factors supplying reserve funds 616,919 - 17,693 + 64,359 613,850 Currency in circulation* 581,264 - 17,638 + 72,271 577,439 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 121 0 + 35 121 Deposits,other than reserve balances,with F.R.Banks Treasury 5,390 + 64 - 1,906 3,716 Foreign 101 + 27 - 80 80 Service-related balances and adjustments (5) 7,472 - 494 + 4 7,472 Other 250 + 59 + 38 256 Other F.R. liabilities and capital 18,446 + 258 + 1,575 18,187 Total factors, other than reserve balances, absorbing reserve funds 613,044 - 17,724 + 71,936 607,271 Reserve balances with F.R. Banks (6) 3,875 + 32 - 7,577 6,578 On January 19, 2000, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 624,319 million, a change of $ - 3,533 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 $ 22,211 million (daily average over statement week) and $ 20,647 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 21,211 million (daily average) and $ 20,647 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 927 million (daily average) and $ 2,572 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 230 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 $ 7,075 million and adjustments of $ 397 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 Jan 19, 2000 Jan 12, 2000 Jan 20, 1999 ASSETS Gold certificate account 11,048 0 + 2 Special drawing rights certificate account 6,200 0 - 3,000 Coin 292 + 54 - 118 Loans 171 - 830 + 93 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 34,610 - 28,285 + 34,610 Federal agency obligations (2) Bought outright 181 0 - 157 Held under repurchase agreements 0 0 - 3,958 U.S. government securities (2) Bought outright--Bills 195,052 + 10,780 - 1,940 Notes (3) 218,079 - 389 + 30,676 Bonds (4) 82,979 0 + 13,505 Total bought outright (5) 496,110 + 10,391 + 42,242 Held under repurchase agreements (1) 0 0 - 6,140 Total U.S. government securities 496,110 + 10,391 + 36,102 Total loans and securities 531,072 - 18,723 + 66,690 Items in process of collection (1,064) 13,894 + 5,967 - 2,384 Bank premises 1,367 + 1 + 67 Other assets (6) 34,147 + 51 - 977 TOTAL ASSETS (1,064) 598,020 - 12,652 + 60,280 LIABILITIES Federal Reserve notes 550,063 - 12,078 + 67,249 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,654 - 2,605 - 4,805 U.S. Treasury--general account 3,716 - 1,738 - 3,750 Foreign--official accounts 80 - 30 - 97 Other (0) 256 + 27 + 50 Total deposits (0) 18,706 - 4,344 - 8,602 Deferred availability cash items (1,064) 11,064 + 3,603 + 73 Other liabilities and accrued dividends (7) 4,514 - 1 + 288 TOTAL LIABILITIES (1,064) 584,347 - 12,821 + 59,007 CAPITAL ACCOUNTS Capital paid in 6,643 + 201 + 679 Surplus 6,432 0 + 480 Other capital accounts 598 - 32 + 114 *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 $ 4,254 million of inflation-indexed securities valued at the original face amount and $ 180 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 $ 50 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,647 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,572 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, January 19, 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 159 15,541 + 1,030 6 0 28,595 0 16 to 90 days 13 98,302 + 9,832 35 0 6,015 0 91 days to 1 year 0 141,916 + 725 10 0 ------ ------ Over 1 to 5 years 124,169 0 10 0 ------ ------ Over 5 to 10 years 49,910 - 1,198 120 0 ------ ------ Over 10 years 66,271 0 0 0 ------ ------ Total 171 496,110 + 10,391 181 0 34,610 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 230 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 January 19, 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 11,048 533 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 292 7 10 13 19 48 32 48 17 14 21 24 41 Loans 171 4 0 0 0 9 12 18 90 7 24 2 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 34,610 0 34,610 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 195,052 10,087 77,679 5,842 11,291 14,674 11,873 18,319 6,416 2,333 5,849 9,719 20,971 Notes (3) 218,079 11,278 86,849 6,532 12,623 16,406 13,274 20,482 7,173 2,608 6,540 10,866 23,447 Bonds (4) 82,979 4,291 33,046 2,485 4,803 6,242 5,051 7,793 2,730 992 2,488 4,135 8,922 Total bought outright(5) 496,110 25,655 197,573 14,859 28,717 37,322 30,198 46,595 16,319 5,933 14,877 24,720 53,340 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 496,110 25,655 197,573 14,859 28,717 37,322 30,198 46,595 16,319 5,933 14,877 24,720 53,340 Total loans and securities 531,072 25,669 232,256 14,865 28,728 37,344 30,220 46,630 16,415 5,943 14,907 24,731 53,365 Items in process of collection 14,958 738 1,912 672 830 1,205 1,728 1,231 676 905 860 593 3,608 Bank premises 1,367 93 165 50 158 125 147 107 32 128 51 146 165 Other assets(5) 34,147 1,538 11,490 999 2,029 4,660 2,131 3,030 866 770 860 1,453 4,322 Interdistrict settlement account 0 + 5,088 - 9,304 + 5,135 - 621 - 5,126 + 5,843 +13,252 + 2,697 - 4,539 + 594 -14,817 + 1,799 TOTAL ASSETS 599,084 33,972 243,394 22,240 32,007 39,606 41,275 65,840 21,214 3,439 17,781 13,045 65,271 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 $ 4,254 million of inflation-indexed securities valued at the original face amount and $ 180 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 $ 50 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,647 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,572 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 January 19, 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 550,063 31,624 229,680 20,681 28,696 32,747 37,626 62,205 19,523 1,726 16,308 11,413 57,832 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,654 884 3,548 478 1,277 2,077 1,149 1,070 672 454 428 490 2,127 U.S. Treasury--general account 3,716 0 3,716 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 80 1 56 1 2 6 2 3 1 1 1 1 5 Other 256 0 144 1 5 95 1 1 1 0 3 3 2 Total deposits 18,706 885 7,464 479 1,284 2,178 1,152 1,075 673 456 431 495 2,134 Deferred credit items 12,128 610 1,575 498 842 913 1,188 921 507 688 502 459 3,425 Other liabilities and accrued dividends (2) 4,514 247 1,604 166 266 366 317 432 171 92 166 231 457 TOTAL LIABILITIES 585,411 33,366 240,323 21,824 31,088 36,204 40,284 64,633 20,875 2,962 17,407 12,598 63,848 CAPITAL ACCOUNTS Capital paid in 6,643 290 1,479 200 445 1,676 482 579 160 237 179 211 706 Surplus 6,432 290 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 598 26 267 17 30 35 49 50 21 6 16 26 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 599,084 33,972 243,394 22,240 32,007 39,606 41,275 65,840 21,214 3,439 17,781 13,045 65,271 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 815,736 42,376 324,602 30,805 38,525 54,526 61,797 78,395 26,219 11,270 24,222 36,312 86,686 Less--Held by F.R. Banks 265,673 10,753 94,923 10,124 9,830 21,779 24,171 16,189 6,695 9,544 7,913 24,898 28,854 F.R. notes, net 550,063 31,624 229,680 20,681 28,696 32,747 37,626 62,205 19,523 1,726 16,308 11,413 57,832 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 6,200 Other eligible assets 1,914 U.S. govt. and agency securities(3) 530,901 Total collateral 550,063 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.