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 April 6, 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 Apr 5, 2000 Mar 29, 2000 Apr 7, 1999 Apr 5, 2000 Reserve Bank Credit 558,850 + 4,893 + 47,798 558,660 U.S. government securities (1) Bought outright-system account (2,3) 501,789 + 85 + 35,008 501,298 Held under repurchase agreements 0 0 - 9,002 0 Federal agency obligations (1) Bought outright 150 0 - 161 150 Held under repurchase agreements 0 0 - 2,212 0 Repurchase agreements -- triparty (4) 22,121 + 4,215 + 22,121 21,555 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 146 + 83 - 22 455 Seasonal credit 88 + 6 + 61 103 Special Liquidity Facility 0 0 0 0 Extended credit 0 0 0 0 Float 268 - 33 + 255 580 Other F.R. assets 34,288 + 537 + 1,750 34,520 Gold stock 11,048 0 - 3 11,048 Special drawing rights certificate account 6,200 0 - 2,000 6,200 Treasury currency outstanding 28,408 + 14 + 1,746 28,408 Total factors supplying reserve funds 604,507 + 4,908 + 47,543 604,316 Currency in circulation* 563,551 + 1,124 + 45,168 565,265 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 178 + 8 + 43 197 Deposits,other than reserve balances,with F.R.Banks Treasury 5,057 - 10 - 587 6,440 Foreign 102 - 15 - 143 96 Service-related balances and adjustments (5) 7,065 + 158 + 429 7,065 Other 225 + 43 - 86 275 Other F.R. liabilities and capital 19,655 + 549 + 2,467 19,409 Total factors, other than reserve balances, absorbing reserve funds 595,834 + 1,859 + 47,292 598,747 Reserve balances with F.R. Banks (6) 8,673 + 3,049 + 251 5,570 On April 5, 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 $ 726,704 million, a change of $ + 11,218 million for the week. The total includes $ 640,672 million of U.S. government securities and $ 86,032 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 $ 18,384 million (daily average over statement week) and $ 18,879 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,384 million (daily average) and $ 18,879 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 329 million (daily average) and $ 640 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 $ 251 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 $ 6,614 million and adjustments of $ 451 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 Apr 5, 2000 Mar 29, 2000 Apr 7, 1999 ASSETS Gold certificate account 11,048 0 - 3 Special drawing rights certificate account 6,200 0 - 2,000 Coin 473 + 17 + 49 Loans 558 + 434 - 500 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 21,555 + 3,135 + 21,555 Federal agency obligations (2) Bought outright 150 0 - 161 Held under repurchase agreements 0 0 - 2,096 U.S. government securities (2) Bought outright--Bills 196,622 - 1,471 - 1,136 Notes (3) 219,086 + 4 + 23,661 Bonds (4) 85,589 + 1 + 11,534 Total bought outright (5) 501,298 - 1,464 + 34,061 Held under repurchase agreements (1) 0 0 - 8,910 Total U.S. government securities 501,298 - 1,464 + 25,151 Total loans and securities 523,560 + 2,104 + 43,949 Items in process of collection (647) 8,807 + 2,573 + 504 Bank premises 1,388 + 4 + 84 Other assets (6) 33,125 + 449 + 1,715 TOTAL ASSETS (647) 584,603 + 5,149 + 44,300 LIABILITIES Federal Reserve notes 537,527 + 1,626 + 43,072 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,653 - 118 - 2,315 U.S. Treasury--general account 6,440 + 1,152 + 1,002 Foreign--official accounts 96 + 16 - 87 Other (0) 275 + 94 - 29 Total deposits (0) 19,463 + 1,144 - 1,430 Deferred availability cash items (647) 8,203 + 1,790 + 382 Other liabilities and accrued dividends (7) 4,855 + 22 + 476 TOTAL LIABILITIES (647) 570,049 + 4,582 + 42,502 CAPITAL ACCOUNTS Capital paid in 6,745 + 39 + 622 Surplus 6,431 0 + 479 Other capital accounts 1,378 + 529 + 697 *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 $ 196 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 $ 55 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,879 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 640 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, April 5, 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 478 11,710 - 8,443 10 0 8,505 0 16 to 90 days 79 108,743 + 5,237 0 0 13,050 0 91 days to 1 year 0 138,106 + 3,255 10 0 ------ ------ Over 1 to 5 years 123,170 - 1,519 10 0 ------ ------ Over 5 to 10 years 51,441 + 4 120 0 ------ ------ Over 10 years 68,128 + 2 0 0 ------ ------ Total 558 501,298 - 1,464 150 0 21,555 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 251 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 April 5, 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 473 16 33 18 22 56 49 56 27 29 37 58 73 Loans 558 6 295 0 0 21 3 157 28 18 21 0 9 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 21,555 0 21,555 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 150 8 60 4 9 11 9 14 5 2 4 7 16 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 196,622 10,168 78,304 5,889 11,381 14,792 11,968 18,467 6,468 2,352 5,896 9,797 21,140 Notes (3) 219,086 11,330 87,250 6,562 12,682 16,482 13,336 20,577 7,207 2,620 6,570 10,916 23,555 Bonds (4) 85,589 4,426 34,085 2,564 4,954 6,439 5,210 8,039 2,815 1,024 2,567 4,265 9,202 Total bought outright(5) 501,298 25,924 199,639 15,015 29,017 37,713 30,514 47,082 16,490 5,995 15,033 24,978 53,898 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 501,298 25,924 199,639 15,015 29,017 37,713 30,514 47,082 16,490 5,995 15,033 24,978 53,898 Total loans and securities 523,560 25,937 221,549 15,019 29,026 37,744 30,526 47,253 16,523 6,015 15,058 24,986 53,923 Items in process of collection 9,454 570 1,209 373 395 816 991 625 345 533 555 454 2,587 Bank premises 1,388 94 164 50 157 124 174 106 33 127 50 145 165 Other assets(5) 33,125 1,488 11,158 1,030 1,999 5,403 2,097 2,817 894 791 906 1,299 3,243 Interdistrict settlement account 0 + 4,610 - 562 + 4,654 + 700 - 9,376 + 4,703 +12,071 + 2,454 - 4,471 + 748 -14,898 - 633 TOTAL ASSETS 585,250 33,554 240,417 21,651 33,165 36,116 39,715 64,469 20,788 3,243 17,842 12,959 61,329 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 $ 196 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 $ 55 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,879 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 640 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 April 5, 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 537,527 31,513 225,268 20,326 30,526 30,161 36,242 60,416 19,341 1,655 16,352 10,715 55,012 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,653 607 2,291 378 988 1,299 1,077 1,593 657 452 536 1,113 1,662 U.S. Treasury--general account 6,440 0 6,440 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 96 1 72 1 2 8 2 3 1 1 1 1 3 Other 275 0 138 0 7 120 2 1 0 0 4 1 1 Total deposits 19,463 609 8,941 380 997 1,427 1,082 1,596 658 453 540 1,114 1,666 Deferred credit items 8,850 539 1,143 339 403 583 1,023 691 256 485 384 403 2,601 Other liabilities and accrued dividends (2) 4,855 264 1,726 173 288 400 338 461 182 100 175 248 501 TOTAL LIABILITIES 570,696 32,924 237,077 21,217 32,215 32,571 38,684 63,165 20,437 2,694 17,452 12,481 59,780 CAPITAL ACCOUNTS Capital paid in 6,745 289 1,492 202 443 1,675 481 615 160 271 180 217 720 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 1,378 53 523 32 63 179 90 110 33 44 31 51 168 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 585,250 33,554 240,417 21,651 33,165 36,116 39,715 64,469 20,788 3,243 17,842 12,959 61,329 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 787,866 40,698 315,355 29,861 38,992 51,521 60,088 75,076 25,180 10,649 23,351 34,709 82,387 Less--Held by F.R. Banks 250,339 9,185 90,087 9,535 8,466 21,361 23,846 14,660 5,839 8,994 6,999 23,994 27,375 F.R. notes, net 537,527 31,513 225,268 20,326 30,526 30,161 36,242 60,416 19,341 1,655 16,352 10,715 55,012 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) 520,279 Total collateral 537,527 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.