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 21, 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 20, 2000 Sep 13, 2000 Sep 22, 1999 Sep 20, 2000 Reserve Bank Credit 562,174 + 2,802 + 23,754 566,432 U.S. government securities (1) Bought outright-system account (2,3) 509,013 - 3,205 + 18,007 510,434 Held under repurchase agreements 0 0 - 1,938 0 Federal agency obligations (1) Bought outright 130 - 6 - 108 130 Held under repurchase agreements 0 0 - 11,155 0 Repurchase agreements -- triparty (4) 17,286 + 6,081 + 17,286 19,885 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 135 + 131 + 63 908 Seasonal credit 384 - 38 + 101 392 Extended credit 0 0 0 0 Float 943 - 485 + 790 91 Other F.R. assets 34,284 + 325 + 709 34,591 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 3,343 - 857 - 3,857 3,200 Treasury currency outstanding 30,381 + 14 + 2,984 30,381 Total factors supplying reserve funds 606,944 + 1,959 + 22,881 611,058 Currency in circulation* 569,322 - 2,461 + 26,744 569,415 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 164 - 3 + 78 175 Deposits,other than reserve balances,with F.R.Banks Treasury 8,574 + 3,947 + 1,062 7,413 Foreign 86 + 6 - 179 66 Service-related balances and adjustments (5) 6,473 - 116 - 451 6,473 Other 199 - 38 - 49 192 Other F.R. liabilities and capital 15,261 - 17 - 3,340 15,003 Total factors, other than reserve balances, absorbing reserve funds 600,079 + 1,319 + 23,865 598,737 Reserve balances with F.R. Banks (6) 6,865 + 641 - 984 12,321 On September 20, 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 $ 707,015 million, a change of $ - 5,860 million for the week. The total includes $ 610,523 million of U.S. government securities and $ 96,492 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 $ 17,571 million (daily average over statement week) and $ 16,870 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,571 million (daily average) and $ 16,870 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 220 million (daily average) and $ 839 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 $ 427 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 $ 215 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 20, 2000 Sep 13, 2000 Sep 22, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 3,200 - 1,000 - 4,000 Coin 765 + 30 + 481 Loans 1,300 + 905 + 882 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 19,885 + 8,045 + 19,885 Federal agency obligations (2) Bought outright 130 0 - 108 Held under repurchase agreements 0 0 - 14,877 U.S. government securities (2) Bought outright--Bills 184,032 - 2,445 - 15,172 Notes (3) 235,256 + 1,605 + 23,458 Bonds (4) 91,147 + 447 + 11,095 Total bought outright (5) 510,434 - 395 + 19,380 Held under repurchase agreements (1) 0 0 - 4,893 Total U.S. government securities 510,434 - 395 + 14,488 Total loans and securities 531,750 + 8,557 + 20,270 Items in process of collection (764) 7,863 - 2,117 + 971 Bank premises 1,422 + 2 + 88 Other assets (6) 33,277 + 476 + 686 TOTAL ASSETS (764) 589,323 + 5,948 + 18,496 LIABILITIES Federal Reserve notes 539,974 - 2,056 + 23,775 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,341 + 6,470 - 1,499 U.S. Treasury--general account 7,413 + 2,065 - 308 Foreign--official accounts 66 - 8 - 95 Other (0) 192 + 4 - 52 Total deposits (0) 27,012 + 8,532 - 1,954 Deferred availability cash items (764) 7,334 - 582 + 224 Other liabilities and accrued dividends (7) 4,328 - 41 - 740 TOTAL LIABILITIES (764) 578,648 + 5,854 + 21,305 CAPITAL ACCOUNTS Capital paid in 6,935 + 15 + 617 Surplus 2,679 0 - 3,273 Other capital accounts 1,060 + 78 - 155 *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 $ 338 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 $ 90 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,870 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 839 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 20, 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 1,255 17,138 - 1,195 0 0 13,990 0 16 to 90 days 46 109,017 - 1,920 0 0 5,895 0 91 days to 1 year 0 128,256 + 1,384 0 0 ------ ------ Over 1 to 5 years 131,337 + 838 30 0 ------ ------ Over 5 to 10 years 53,525 + 450 100 0 ------ ------ Over 10 years 71,162 + 49 0 0 ------ ------ Total 1,300 510,434 - 395 130 0 19,885 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 427 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 20, 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 765 20 68 48 50 100 101 97 44 24 53 64 97 Loans 1,300 0 0 3 475 0 277 216 81 103 87 50 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 19,885 0 19,885 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 184,032 10,565 71,037 7,665 10,299 10,803 12,250 22,013 6,991 775 6,133 5,445 20,057 Notes (3) 235,256 13,506 90,809 9,799 13,165 13,810 15,659 28,140 8,937 990 7,840 6,961 25,640 Bonds (4) 91,147 5,233 35,183 3,796 5,101 5,351 6,067 10,903 3,462 384 3,037 2,697 9,934 Total bought outright(5) 510,434 29,303 197,029 21,260 28,564 29,964 33,976 61,056 19,390 2,149 17,010 15,103 55,632 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,434 29,303 197,029 21,260 28,564 29,964 33,976 61,056 19,390 2,149 17,010 15,103 55,632 Total loans and securities 531,750 29,311 216,964 21,268 29,047 29,971 34,262 61,287 19,476 2,253 17,101 15,157 55,654 Items in process of collection 8,627 521 918 486 338 730 964 523 294 502 535 498 2,318 Bank premises 1,422 94 163 49 156 124 219 105 33 126 49 138 165 Other assets(5) 33,277 1,590 11,224 1,206 1,945 5,027 2,167 3,218 995 657 960 1,013 3,276 Interdistrict settlement account 0 + 1,253 +12,291 - 1,075 + 1,315 + 1,428 + 1,290 - 3,626 - 719 - 1,146 - 1,227 - 5,101 - 4,683 TOTAL ASSETS 590,087 33,490 247,326 22,517 33,523 38,343 40,047 62,978 20,584 2,618 17,907 12,426 58,330 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 $ 338 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 $ 90 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,870 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 839 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 20, 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 539,974 31,042 231,131 21,120 30,830 32,231 36,929 57,155 19,031 1,126 16,282 10,644 52,452 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,341 1,075 3,729 452 1,416 2,714 1,178 3,775 923 449 797 982 1,851 U.S. Treasury--general account 7,413 0 7,413 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 66 1 42 1 2 8 2 3 1 1 1 1 3 Other 192 1 139 1 4 36 1 4 0 0 4 1 2 Total deposits 27,012 1,077 11,322 454 1,422 2,757 1,182 3,783 924 450 802 983 1,856 Deferred credit items 8,099 521 929 415 310 638 860 589 223 486 385 350 2,393 Other liabilities and accrued dividends (2) 4,328 258 1,478 195 250 303 331 492 180 71 169 156 447 TOTAL LIABILITIES 579,413 32,899 244,860 22,183 32,811 35,929 39,302 62,019 20,358 2,133 17,638 12,133 57,147 CAPITAL ACCOUNTS Capital paid in 6,935 367 1,491 212 469 1,680 490 613 136 357 175 187 757 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 1,060 104 423 38 57 29 63 105 24 31 19 17 151 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 590,087 33,490 247,326 22,517 33,523 38,343 40,047 62,978 20,584 2,618 17,907 12,426 58,330 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 765,300 37,736 307,143 31,668 37,537 52,157 61,018 70,378 23,930 9,879 21,889 33,070 78,895 Less--Held by F.R. Banks 225,326 6,694 76,011 10,548 6,707 19,926 24,089 13,222 4,899 8,753 5,607 22,426 26,443 F.R. notes, net 539,974 31,042 231,131 21,120 30,830 32,231 36,929 57,155 19,031 1,126 16,282 10,644 52,452 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 0 U.S. govt. and agency securities(3) 525,728 Total collateral 539,974 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.