Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page

Release Date: November 12, 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
                                                                                          November 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     Nov 10, 1999  Nov 3, 1999 Nov 11, 1998 Nov 10, 1999

Reserve Bank Credit                                         552,242    +   1,511    +  59,209      555,322
  U.S. government securities (1)
    Bought outright-system account (2,3)                    491,960    +   1,044    +  41,605      491,928
    Held under repurchase agreements                              0            0    -   1,903            0
  Federal agency obligations (1)
    Bought outright                                             187    -       1    -     186          181
    Held under repurchase agreements                              0            0    -   3,188            0
  Repurchase agreements -- triparty (4)                      24,151    +     351    +  24,151       27,820
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            91    -      13    +      78           27
    Seasonal credit                                              64    -      51    +      18           58
    Special Liquidity Facility                                    5    -      31    +       5            7
    Extended credit                                               0            0            0            0
   Float                                                        522    +     245    -     472         -159
   Other F.R. assets                                         35,262    -      34    -     899       35,459
Gold stock                                                   11,049            0    +       8       11,049
Special drawing rights certificate account                    7,200            0    -   2,000        7,200
Treasury currency outstanding                                27,527    +      14    +   1,414       27,527
        Total factors supplying reserve funds               598,017    +   1,524    +  58,630      601,097

Currency in circulation*                                    562,739    +   5,675    +  61,726      567,168
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                          95    +       1    +       8           95
Deposits,other than reserve balances,with F.R.Banks
  Treasury                                                    4,814    -     154    -     442        4,870
  Foreign                                                       187    +      10    +       2          161
  Service-related balances and adjustments (5)                7,134    -     142    +     341        7,134
  Other                                                         246    +      16    -     170          242
Other F.R. liabilities and capital                           18,313    -      11    +     175       17,943
        Total factors, other than reserve balances,
        absorbing reserve funds                             593,528    +   5,396    +  61,639      597,612

Reserve balances with F.R. Banks  (6)                         4,489    -   3,872    -   3,010        3,485

On  November 10, 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    606,797 million, a change of
 -$  3,260 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 $     15,448 million (daily average over statement week) and $     15,483 million (outstanding on
   Wednesday statement date) matched sale-purchase transactions, of which $     15,448 million (daily average)
   and $     15,483 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,388 million (daily average) and $      2,230 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
   $        199 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 $      6,826 million and adjustments of $        308 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  November 10, 1999, option contracts on repurchase agreements were outstanding as follows:
$     73,950 million with exercise dates from December 23, 1999 through December 29, 1999;
$    143,000 million with exercise dates from December 30, 1999 through January 5, 2000; and
$     89,000 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
                                                           Nov 10, 1999      Nov 3, 1999     Nov 11, 1998
                ASSETS
Gold certificate account                                        11,049                0        +       8
Special drawing rights certificate account                       7,200                0        -   2,000
Coin                                                               289        -      16        -     119
Loans                                                               92        -     732        +      53
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,820        +   1,240        +  27,820
Federal agency obligations (2)
  Bought outright                                                  181        -       7        -     192
  Held under repurchase agreements                                   0                0        -   3,605
U.S. government securities (2)
  Bought outright--Bills                                       200,217        +     394        +   2,460
                   Notes (3)                                   211,279        +       4        +  25,073
                   Bonds (4)                                    80,432        +       2        +  12,730
    Total bought outright (5)                                  491,928        +     399        +  40,263
  Held under repurchase agreements (1)                               0                0        -     940
     Total U.S. government securities                          491,928        +     399        +  39,323
       Total loans and securities                              520,021        +     901        +  63,399

Items in process of collection                      (821)        6,984        -   1,450        -   3,386
Bank premises                                                    1,347        +       1        +      52
Other assets (6)                                                33,919        +     402        -   1,039
                TOTAL ASSETS                        (821)      580,809        -     161        +  56,915

                LIABILITIES
Federal Reserve notes                                          540,025        +   6,301        +  62,517
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits
  Depository institutions                                       10,277        -   5,203        -   3,909
  U.S. Treasury--general account                                 4,870        -     740        -     401
  Foreign--official accounts                                       161        -       1        +       4
    Other                                             (0)          242        -      16        -     148
      Total deposits                                  (0)       15,551        -   5,960        -   4,452
Deferred availability cash items                    (821)        7,291        -     405        -     835
Other liabilities and accrued dividends (7)                      4,343        -      17        -      13
                TOTAL LIABILITIES                   (821)      567,209        -      82        +  57,217

                CAPITAL ACCOUNTS
Capital paid in                                                  6,372        +      11        +     440
Surplus                                                          5,952                0        +     732
Other capital accounts                                           1,276        -      90        -   1,473

*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
   $        158 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
   $         41 million of compensation that adjusts for the effects of inflation on the principal of such
   securities.
5  Net of $     15,483 million matched sale-purchase transactions outstanding at the end of the latest
   statement week.  Includes securities loans of $      2,230 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,  November 10, 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              43       18,076   +     533            0   -       7        1,245           0
16 to 90 days               47      102,309   +   5,511            6           0       26,575           0
91 days to 1 year            2      135,945   -   5,650           45           0     ------      ------
Over 1 to 5 years                   120,226   +       1           10           0     ------      ------
Over 5 to 10 years                   50,216   +       3          120           0     ------      ------
Over 10 years                        65,156   +       2            0           0     ------      ------
                   		 	
Total                       92      491,928   +     399          181   -       7       27,820           0

1  Includes $      5,476 million of inflation-indexed securities valued at the original face amount and
   $        199 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  November 10, 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                      11,049        533      4,436        319        566        834        724        993        337        140        313        575      1,279
Special drawing rights certif. acct.           7,200        357      2,823        217        348        599        523        637        204         90        203        396        803
Coin                                             289          6         13         16         25         45         44         30         14         11         16         31         37

Loans                                             92          0          5          0          0          2          2         14         39         10         18          0          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,820          0     27,820          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                     200,217     10,354     79,735      5,997     11,589     15,062     12,187     18,804      6,586      2,395      6,004      9,976     21,527
                   Notes (3)                 211,279     10,926     84,141      6,328     12,230     15,895     12,860     19,843      6,950      2,527      6,336     10,527     22,716
                   Bonds (4)                  80,432      4,159     32,032      2,409      4,656      6,051      4,896      7,554      2,646        962      2,412      4,008      8,648
     Total bought outright(5)                491,928     25,439    195,908     14,734     28,475     37,008     29,943     46,202     16,182      5,883     14,752     24,511     52,891
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             491,928     25,439    195,908     14,734     28,475     37,008     29,943     46,202     16,182      5,883     14,752     24,511     52,891
       Total loans and securities            520,021     25,448    223,805     14,740     28,486     37,024     29,956     46,233     16,227      5,896     14,775     24,520     52,911

Items in process of collection                 7,804        450        900        564        327        615         38        877        323        540        516        405      2,249
Bank premises                                  1,347         93        163         50        156        124        131        108         32        128         51        146        165
Other assets(5)                               33,919      1,546     11,217        970      2,017      4,679      2,154      3,062        859        779        872      1,414      4,350
Interdistrict settlement account                   0    + 4,822    - 8,843    + 5,253    +   342    - 6,864    + 7,569    +15,790    + 3,047    - 5,293    + 1,784    -20,528    + 2,922
          TOTAL ASSETS                       581,629     33,255    234,515     22,128     32,267     37,055     41,140     67,729     21,043      2,292     18,530      6,959     64,716

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  $        158 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  $         41 million
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     15,483 million matched sale-purchase transactions outstanding at the end of the latest statement week.
   Includes securities loans of $      2,230 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  November 10, 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                         540,025     31,358    222,549     20,910     29,596     31,635     37,975     63,787     19,888        789     17,115      5,343     59,080
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits
  Depository institutions                      10,277        597      1,414        307      1,146        975        995      1,604        398        380        455        580      1,426
  U.S. Treasury--general account                4,870          0      4,870          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      161          7         45          4         10         30         10         14          3          5          3          6         24
  Other                                           242          0        144          1          4         81          1          1          1          2          2          2          2
    Total deposits                             15,551        604      6,474        312      1,160      1,086      1,006      1,619        402        388        461        588      1,451
Deferred credit items                           8,111        453      1,104        329        336        662        911        660        256        591        431        339      2,039
Other liabilities and accrued
  dividends (2)                                 4,343        236      1,508        159        262        367        305        417        166         90        161        225        447
    TOTAL LIABILITIES                         568,029     32,650    231,635     21,712     31,353     33,750     40,197     66,483     20,712      1,858     18,168      6,494     63,017

       CAPITAL ACCOUNTS
Capital paid in                                 6,372        289      1,319        201        442      1,632        456        598        158        218        174        213        671
Surplus                                         5,952        267      1,208        177        399      1,238        418        583        121        202        140        227        972
Other capital accounts                          1,276         48        352         39         73        436         68         65         53         13         48         25         56
     TOTAL LIABILITIES AND CAPITAL
        ACCOUNTS                              581,629     33,255    234,515     22,128     32,267     37,055     41,140     67,729     21,043      2,292     18,530      6,959     64,716

FEDERAL RESERVE AGENTS' ACCOUNTS

F.R. notes outstanding                        826,244     41,968    329,220     31,173     39,201     55,245     61,782     80,309     26,633     11,510     24,921     37,074     87,207
  Less--Held by F.R. Banks                    286,220     10,610    106,671     10,262      9,606     23,610     23,807     16,522      6,745     10,721      7,807     31,731     28,127
  F.R. notes, net                             540,025     31,358    222,549     20,910     29,596     31,635     37,975     63,787     19,888        789     17,115      5,343     59,080
Collateral held against F.R. notes
   Gold certificate account                    11,049
   Special drawing rights
     certificate account                        7,200
   Other eligible assets                        1,847
   U.S. govt. and agency securities(3)        519,929
     Total collateral                         540,025

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: November 12, 1999