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 February 10, 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 Feb 9, 2000 Feb 2, 2000 Feb 10, 1999 Feb 9, 2000 Reserve Bank Credit 555,766 - 2,620 + 54,769 563,400 U.S. government securities (1) Bought outright-system account (2,3) 501,838 + 1,335 + 43,942 502,331 Held under repurchase agreements 0 0 - 2,895 0 Federal agency obligations (1) Bought outright 175 0 - 161 175 Held under repurchase agreements 0 0 - 3,060 0 Repurchase agreements -- triparty (4) 18,419 - 2,724 + 18,419 25,280 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 41 - 41 - 49 37 Seasonal credit 29 + 5 + 19 41 Special Liquidity Facility 17 - 16 + 17 17 Extended credit 0 0 0 0 Float 216 - 775 - 118 257 Other F.R. assets 35,030 - 404 - 1,346 35,262 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 27,971 + 14 + 1,546 27,971 Total factors supplying reserve funds 600,985 - 2,606 + 53,314 608,620 Currency in circulation* 565,344 - 1,147 + 56,768 566,641 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 131 + 5 + 28 143 Deposits,other than reserve balances,with F.R.Banks Treasury 5,259 - 872 + 394 4,860 Foreign 91 - 55 - 126 81 Service-related balances and adjustments (5) 7,869 + 641 + 534 7,869 Other 249 + 1 - 18 247 Other F.R. liabilities and capital 18,469 + 125 + 1,893 18,487 Total factors, other than reserve balances, absorbing reserve funds 597,411 - 1,303 + 59,472 598,328 Reserve balances with F.R. Banks (6) 3,574 - 1,302 - 6,158 10,291 On February 9, 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 $ 694,750 million, a change of $ - 3,999 million for the week. The total includes $ 611,859 million of U.S. government securities and $ 82,892 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 $ 16,959 million (daily average over statement week) and $ 16,465 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,959 million (daily average) and $ 16,465 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,371 million (daily average) and $ 1,388 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 $ 232 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 $ 7,029 million and adjustments of $ 839 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 Feb 9, 2000 Feb 2, 2000 Feb 10, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 6,200 0 - 3,000 Coin 389 + 38 - 87 Loans 95 - 32 + 24 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 25,280 + 6,170 + 25,280 Federal agency obligations (2) Bought outright 175 0 - 161 Held under repurchase agreements 0 0 - 7,358 U.S. government securities (2) Bought outright--Bills 199,234 + 1,253 + 371 Notes (3) 219,013 0 + 29,908 Bonds (4) 84,084 0 + 13,995 Total bought outright (5) 502,331 + 1,253 + 44,275 Held under repurchase agreements (1) 0 0 - 6,651 Total U.S. government securities 502,331 + 1,253 + 37,624 Total loans and securities 527,881 + 7,391 + 55,410 Items in process of collection (760) 7,649 - 107 - 166 Bank premises 1,374 + 9 + 72 Other assets (6) 33,873 + 350 - 1,634 TOTAL ASSETS (760) 588,414 + 7,681 + 50,594 LIABILITIES Federal Reserve notes 539,203 + 234 + 54,239 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 18,055 + 7,243 - 5,841 U.S. Treasury--general account 4,860 - 36 - 65 Foreign--official accounts 81 - 62 - 123 Other (0) 247 - 19 - 19 Total deposits (0) 23,243 + 7,127 - 6,048 Deferred availability cash items (760) 7,481 - 364 + 651 Other liabilities and accrued dividends (7) 4,715 + 305 + 360 TOTAL LIABILITIES (760) 574,642 + 7,301 + 49,202 CAPITAL ACCOUNTS Capital paid in 6,664 + 14 + 663 Surplus 6,364 + 39 + 421 Other capital accounts 744 + 327 + 307 *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 $ 182 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 $ 16,465 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,388 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, February 9, 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 53 15,184 - 5,395 25 0 25,280 0 16 to 90 days 41 102,705 + 1,662 10 0 0 0 91 days to 1 year 0 141,573 + 4,985 10 0 ------ ------ Over 1 to 5 years 124,808 0 10 0 ------ ------ Over 5 to 10 years 50,720 0 120 0 ------ ------ Over 10 years 67,340 0 0 0 ------ ------ Total 95 502,331 + 1,253 175 0 25,280 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 232 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 February 9, 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 389 8 12 13 25 57 45 55 22 22 27 41 60 Loans 95 13 0 0 2 2 14 30 6 6 21 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 25,280 0 25,280 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 175 9 70 5 10 13 11 16 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 199,234 10,303 79,344 5,967 11,533 14,988 12,127 18,712 6,554 2,383 5,975 9,927 21,421 Notes (3) 219,013 11,326 87,221 6,560 12,678 16,476 13,331 20,570 7,204 2,619 6,568 10,913 23,548 Bonds (4) 84,084 4,348 33,486 2,518 4,867 6,326 5,118 7,897 2,766 1,006 2,522 4,190 9,040 Total bought outright(5) 502,331 25,977 200,051 15,046 29,077 37,790 30,576 47,179 16,524 6,008 15,064 25,030 54,009 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 502,331 25,977 200,051 15,046 29,077 37,790 30,576 47,179 16,524 6,008 15,064 25,030 54,009 Total loans and securities 527,881 26,000 225,401 15,051 29,089 37,805 30,601 47,225 16,535 6,016 15,090 25,039 54,029 Items in process of collection 8,409 356 1,021 356 313 597 693 413 332 533 630 602 2,563 Bank premises 1,374 93 165 50 158 125 156 107 33 128 51 145 165 Other assets(5) 33,873 1,540 11,468 984 2,056 5,417 2,149 2,905 929 797 935 1,349 3,344 Interdistrict settlement account 0 + 5,639 - 1,714 + 4,877 - 1,543 - 7,516 + 4,861 +13,762 + 2,478 - 4,423 + 587 -16,073 - 936 TOTAL ASSETS 589,175 34,476 243,219 21,838 30,963 37,836 39,679 66,010 20,841 3,291 17,807 12,019 61,196 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 $ 182 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 $ 16,465 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,388 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 February 9, 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 539,203 31,764 227,521 20,058 28,308 31,551 36,308 61,469 19,433 1,596 16,116 10,219 54,860 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,055 1,391 4,808 850 1,027 1,829 1,017 2,356 632 626 669 724 2,126 U.S. Treasury--general account 4,860 0 4,860 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 81 1 57 1 2 8 2 3 1 1 1 1 3 Other 247 0 136 1 1 95 1 2 1 0 1 6 3 Total deposits 23,243 1,392 9,861 851 1,030 1,932 1,020 2,361 634 628 672 730 2,132 Deferred credit items 8,241 452 943 342 423 667 1,029 522 257 491 472 380 2,262 Other liabilities and accrued dividends (2) 4,715 255 1,681 170 279 379 327 450 179 94 172 242 487 TOTAL LIABILITIES 575,402 33,863 240,006 21,421 30,040 34,530 38,684 64,802 20,503 2,809 17,432 11,572 59,741 CAPITAL ACCOUNTS Capital paid in 6,664 292 1,480 201 446 1,676 482 579 160 252 179 210 706 Surplus 6,364 289 1,325 199 444 1,629 460 578 158 230 179 211 660 Other capital accounts 744 33 407 16 33 0 53 50 20 0 17 26 88 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 589,175 34,476 243,219 21,838 30,963 37,836 39,679 66,010 20,841 3,291 17,807 12,019 61,196 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 805,873 42,381 322,588 30,305 38,060 53,708 60,426 77,782 25,900 11,076 24,001 35,378 84,268 Less--Held by F.R. Banks 266,670 10,617 95,067 10,247 9,751 22,156 24,118 16,313 6,468 9,480 7,885 25,158 29,408 F.R. notes, net 539,203 31,764 227,521 20,058 28,308 31,551 36,308 61,469 19,433 1,596 16,116 10,219 54,860 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) 521,955 Total collateral 539,203 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.