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 3, 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 Aug 2, 2000 Jul 26, 2000 Aug 4, 1999 Aug 2, 2000 Reserve Bank Credit 558,836 + 535 + 31,324 556,888 U.S. government securities (1) Bought outright-system account (2,3) 506,448 + 155 + 20,893 507,522 Held under repurchase agreements 0 0 - 2,733 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 3,630 0 Repurchase agreements -- triparty (4) 14,755 - 482 + 14,755 11,990 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 38 + 26 - 36 34 Seasonal credit 569 + 20 + 304 572 Extended credit 0 0 0 0 Float 1,340 + 856 + 581 1,403 Other F.R. assets 35,547 - 38 + 1,300 35,228 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,797 + 14 + 2,646 29,797 Total factors supplying reserve funds 603,880 + 550 + 29,970 601,931 Currency in circulation* 568,410 + 14 + 33,915 569,834 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 119 + 17 + 62 127 Deposits,other than reserve balances,with F.R.Banks Treasury 5,106 + 473 + 1 4,714 Foreign 90 - 21 - 130 74 Service-related balances and adjustments (5) 6,553 - 284 - 457 6,553 Other 235 + 18 - 15 263 Other F.R. liabilities and capital 15,449 - 343 - 2,823 14,853 Total factors, other than reserve balances, absorbing reserve funds 595,964 - 124 + 30,554 596,417 Reserve balances with F.R. Banks (6) 7,916 + 674 - 584 5,514 On August 2, 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 $ 703,658 million, a change of $ + 13 million for the week. The total includes $ 614,763 million of U.S. government securities and $ 88,894 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 $ 17,275 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,275 million (daily average) and $ 16,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 981 million (daily average) and $ 1,137 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 $ 340 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 $ 6,259 million and adjustments of $ 294 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 Aug 2, 2000 Jul 26, 2000 Aug 4, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 745 + 30 + 440 Loans 606 + 38 + 311 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 11,990 - 4,965 + 11,990 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 4,800 U.S. government securities (2) Bought outright--Bills 190,911 - 715 - 6,420 Notes (3) 228,724 - 145 + 18,953 Bonds (4) 87,887 + 552 + 10,003 Total bought outright (5) 507,522 - 308 + 22,535 Held under repurchase agreements (1) 0 0 - 440 Total U.S. government securities 507,522 - 308 + 22,095 Total loans and securities 520,257 - 5,236 + 29,486 Items in process of collection (934) 9,468 + 2,078 + 166 Bank premises 1,418 + 5 + 91 Other assets (6) 33,808 - 574 + 929 TOTAL ASSETS (934) 580,942 - 3,698 + 27,112 LIABILITIES Federal Reserve notes 540,909 + 721 + 31,420 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,081 - 4,671 - 620 U.S. Treasury--general account 4,714 - 420 - 908 Foreign--official accounts 74 - 20 - 93 Other (0) 263 + 42 - 9 Total deposits (0) 17,132 - 5,069 - 1,631 Deferred availability cash items (934) 8,048 + 1,233 + 457 Other liabilities and accrued dividends (7) 4,786 - 102 + 567 TOTAL LIABILITIES (934) 570,874 - 3,218 + 30,811 CAPITAL ACCOUNTS Capital paid in 6,882 + 2 + 582 Surplus 2,615 - 64 - 3,337 Other capital accounts 570 - 418 - 945 *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 $ 261 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 $ 79 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,137 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, August 2, 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 143 17,865 - 844 0 0 8,020 0 16 to 90 days 463 108,957 + 1,269 10 0 3,970 0 91 days to 1 year 0 132,226 + 313 0 0 ------ ------ Over 1 to 5 years 125,108 - 1,819 10 0 ------ ------ Over 5 to 10 years 54,042 + 602 120 0 ------ ------ Over 10 years 69,323 + 170 0 0 ------ ------ Total 606 507,522 - 308 140 0 11,990 0 1 Includes $ 5,792 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. 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 August 2, 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 745 19 66 51 50 100 98 92 44 27 53 72 74 Loans 606 0 0 0 0 2 18 138 98 165 90 27 67 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 11,990 0 11,990 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 190,911 10,960 73,692 7,952 10,684 11,207 12,708 22,836 7,252 804 6,362 5,649 20,807 Notes (3) 228,724 13,131 88,288 9,526 12,800 13,427 15,224 27,359 8,689 963 7,622 6,767 24,928 Bonds (4) 87,887 5,045 33,924 3,661 4,918 5,159 5,850 10,513 3,339 370 2,929 2,600 9,579 Total bought outright(5) 507,522 29,136 195,904 21,138 28,401 29,793 33,782 60,707 19,279 2,137 16,913 15,016 55,314 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,522 29,136 195,904 21,138 28,401 29,793 33,782 60,707 19,279 2,137 16,913 15,016 55,314 Total loans and securities 520,257 29,144 207,948 21,144 28,409 29,803 33,809 60,862 19,382 2,302 17,008 15,047 55,397 Items in process of collection 10,402 733 1,391 624 425 692 998 742 377 605 741 324 2,751 Bank premises 1,418 94 163 49 156 124 208 105 33 127 49 144 165 Other assets(5) 33,808 1,612 11,345 1,191 1,976 5,059 2,202 3,276 1,003 662 977 1,176 3,328 Interdistrict settlement account 0 + 1,268 +14,795 - 565 + 1,206 - 353 + 516 - 5,453 - 1,101 - 1,213 - 1,354 - 4,059 - 3,686 TOTAL ASSETS 581,876 33,624 241,805 23,067 32,941 36,455 38,949 61,095 20,232 2,725 17,940 13,405 59,639 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 $ 261 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 $ 79 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,137 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 August 2, 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 540,909 31,497 229,405 21,618 30,842 32,094 36,151 57,580 19,065 1,328 16,283 11,155 53,890 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,081 724 2,451 622 871 938 831 1,415 451 300 813 996 1,669 U.S. Treasury--general account 4,714 0 4,714 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 74 1 50 1 2 8 2 3 1 1 1 1 3 Other 263 1 135 0 4 102 0 7 0 0 12 1 1 Total deposits 17,132 726 7,350 623 877 1,047 833 1,425 452 301 826 998 1,673 Deferred credit items 8,982 720 1,175 314 320 688 926 691 292 575 399 377 2,503 Other liabilities and accrued dividends (2) 4,786 261 1,522 198 255 299 329 504 185 66 171 543 454 TOTAL LIABILITIES 571,809 33,204 239,452 22,752 32,294 34,129 38,240 60,200 19,995 2,270 17,679 13,073 58,520 CAPITAL ACCOUNTS Capital paid in 6,882 288 1,499 212 454 1,678 489 607 161 335 181 231 749 Surplus 2,615 120 552 83 185 641 192 241 66 98 75 88 275 Other capital accounts 570 12 301 19 8 7 29 47 10 22 5 14 96 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,876 33,624 241,805 23,067 32,941 36,455 38,949 61,095 20,232 2,725 17,940 13,405 59,639 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 769,594 38,433 309,390 31,593 37,714 50,766 60,015 70,978 24,170 10,097 22,256 33,700 80,483 Less--Held by F.R. Banks 228,685 6,936 79,985 9,975 6,872 18,672 23,863 13,398 5,105 8,769 5,973 22,545 26,593 F.R. notes, net 540,909 31,497 229,405 21,618 30,842 32,094 36,151 57,580 19,065 1,328 16,283 11,155 53,890 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 6,011 U.S. govt. and agency securities(3) 519,652 Total collateral 540,909 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.