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 July 13, 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 Jul 12, 2000 Jul 5, 2000 Jul 14, 1999 Jul 12, 2000 Reserve Bank Credit 560,520 - 4,418 + 33,324 563,148 U.S. government securities (1) Bought outright-system account (2,3) 505,802 + 757 + 18,946 506,743 Held under repurchase agreements 0 0 - 1,355 0 Federal agency obligations (1) Bought outright 140 0 - 117 140 Held under repurchase agreements 0 0 - 5,093 0 Repurchase agreements -- triparty (4) 18,979 - 6,069 + 18,979 20,020 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 175 + 116 - 50 263 Seasonal credit 484 + 24 + 279 497 Extended credit 0 0 0 0 Float 372 + 330 + 87 575 Other F.R. assets 34,568 + 424 + 1,648 34,909 Gold stock 11,046 0 + 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,302 + 14 + 2,240 29,302 Total factors supplying reserve funds 605,069 - 4,403 + 31,565 607,696 Currency in circulation* 572,576 + 1,174 + 37,828 572,184 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 64 - 10 - 23 64 Deposits,other than reserve balances,with F.R.Banks Treasury 4,981 - 1,178 - 283 5,020 Foreign 95 - 88 - 140 93 Service-related balances and adjustments (5) 6,886 - 177 - 144 6,886 Other 236 + 8 - 40 265 Other F.R. liabilities and capital 15,811 + 102 - 1,773 15,293 Total factors, other than reserve balances, absorbing reserve funds 600,650 - 168 + 35,427 599,806 Reserve balances with F.R. Banks (6) 4,419 - 4,235 - 3,862 7,890 On July 12, 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 $ 699,530 million, a change of $ - 4,167 million for the week. The total includes $ 613,667 million of U.S. government securities and $ 85,863 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 $ 17,100 million (daily average over statement week) and $ 16,686 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,100 million (daily average) and $ 16,686 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,798 million (daily average) and $ 882 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 $ 337 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 $ 6,348 million and adjustments of $ 538 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 Jul 12, 2000 Jul 5, 2000 Jul 14, 1999 ASSETS Gold certificate account 11,046 0 + 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 660 - 7 + 370 Loans 761 + 226 + 544 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,020 - 3,225 + 20,020 Federal agency obligations (2) Bought outright 140 0 - 114 Held under repurchase agreements 0 0 - 6,986 U.S. government securities (2) Bought outright--Bills 193,846 + 824 - 5,874 Notes (3) 226,382 + 243 + 16,575 Bonds (4) 86,515 + 495 + 8,631 Total bought outright (5) 506,743 + 1,563 + 19,332 Held under repurchase agreements (1) 0 0 - 3,172 Total U.S. government securities 506,743 + 1,563 + 16,160 Total loans and securities 527,664 - 1,436 + 29,624 Items in process of collection (903) 8,000 + 1,731 + 93 Bank premises 1,411 + 1 + 89 Other assets (6) 33,457 + 562 + 1,569 TOTAL ASSETS (903) 586,438 + 851 + 27,747 LIABILITIES Federal Reserve notes 543,605 - 1,834 + 35,687 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,866 + 1,795 - 5,157 U.S. Treasury--general account 5,020 - 338 - 471 Foreign--official accounts 93 - 23 - 172 Other (0) 265 + 24 - 11 Total deposits (0) 20,244 + 1,458 - 5,811 Deferred availability cash items (903) 7,295 + 1,291 - 2 Other liabilities and accrued dividends (7) 4,758 + 154 + 435 TOTAL LIABILITIES (903) 575,903 + 1,071 + 30,311 CAPITAL ACCOUNTS Capital paid in 6,870 + 4 + 583 Surplus 2,679 0 - 3,273 Other capital accounts 986 - 224 + 126 *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 $ 259 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 $ 78 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,686 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 882 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, July 12, 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 399 13,805 + 789 0 0 14,010 0 16 to 90 days 362 109,879 + 66 10 0 6,010 0 91 days to 1 year 0 135,562 - 30 0 0 ------ ------ Over 1 to 5 years 125,406 + 738 10 0 ------ ------ Over 5 to 10 years 53,439 + 1 120 0 ------ ------ Over 10 years 68,653 + 1 0 0 ------ ------ Total 761 506,743 + 1,563 140 0 20,020 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 337 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 July 12, 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 660 21 60 42 44 83 86 83 37 27 56 56 64 Loans 761 0 0 0 0 0 14 352 91 146 64 56 38 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,020 0 20,020 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 193,846 11,128 74,825 8,074 10,848 11,379 12,903 23,187 7,364 816 6,460 5,735 21,127 Notes (3) 226,382 12,996 87,384 9,429 12,669 13,289 15,069 27,079 8,600 953 7,544 6,698 24,673 Bonds (4) 86,515 4,967 33,395 3,603 4,841 5,079 5,759 10,349 3,286 364 2,883 2,560 9,429 Total bought outright(5) 506,743 29,091 195,604 21,106 28,358 29,747 33,730 60,614 19,250 2,133 16,887 14,993 55,230 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 506,743 29,091 195,604 21,106 28,358 29,747 33,730 60,614 19,250 2,133 16,887 14,993 55,230 Total loans and securities 527,664 29,100 215,678 21,112 28,366 29,755 33,753 60,983 19,346 2,280 16,955 15,053 55,283 Items in process of collection 8,903 577 1,023 384 375 704 1,037 593 315 710 513 373 2,301 Bank premises 1,411 94 163 50 157 124 201 105 33 127 50 144 165 Other assets(5) 33,457 1,590 11,164 1,203 1,971 5,141 2,194 3,237 987 678 964 1,022 3,306 Interdistrict settlement account 0 + 1,690 + 7,899 - 400 + 2,363 - 431 + 849 - 3,634 - 578 - 836 - 1,211 - 3,438 - 2,272 TOTAL ASSETS 587,341 33,826 242,083 22,963 33,993 36,406 39,238 62,836 20,633 3,202 17,793 13,911 60,456 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 $ 259 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 $ 78 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,686 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 882 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 July 12, 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 543,605 31,640 229,571 21,736 31,162 32,108 36,195 58,398 19,164 1,405 16,459 11,109 54,659 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,866 876 2,155 390 1,550 899 1,143 2,309 743 737 505 1,705 1,852 U.S. Treasury--general account 5,020 0 5,020 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 93 1 69 1 2 8 2 3 1 1 1 1 3 Other 265 0 136 0 4 113 0 8 0 0 2 0 0 Total deposits 20,244 878 7,380 391 1,556 1,020 1,146 2,319 744 739 508 1,707 1,856 Deferred credit items 8,198 601 1,097 302 331 563 821 662 291 522 380 329 2,300 Other liabilities and accrued dividends (2) 4,758 266 1,547 202 259 303 337 514 190 68 174 428 470 TOTAL LIABILITIES 576,806 33,385 239,595 22,631 33,308 33,994 38,499 61,893 20,389 2,733 17,521 13,573 59,285 CAPITAL ACCOUNTS Capital paid in 6,870 288 1,499 212 455 1,677 489 606 160 335 179 222 748 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 986 33 437 36 46 30 58 96 18 37 19 28 148 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 587,341 33,826 242,083 22,963 33,993 36,406 39,238 62,836 20,633 3,202 17,793 13,911 60,456 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 771,875 38,704 310,607 31,330 37,890 50,148 59,762 71,704 24,254 10,211 22,465 33,769 81,031 Less--Held by F.R. Banks 228,269 7,064 81,036 9,594 6,729 18,040 23,567 13,306 5,089 8,806 6,006 22,660 26,372 F.R. notes, net 543,605 31,640 229,571 21,736 31,162 32,108 36,195 58,398 19,164 1,405 16,459 11,109 54,659 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 1,456 U.S. govt. and agency securities(3) 526,903 Total collateral 543,605 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.