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 August 24, 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 Aug 23, 2000 Aug 16, 2000 Aug 25, 1999 Aug 23, 2000 Reserve Bank Credit 557,933 - 221 + 30,488 563,308 U.S. government securities (1) Bought outright-system account (2,3) 509,767 - 986 + 20,300 510,664 Held under repurchase agreements 0 0 - 642 0 Federal agency obligations (1) Bought outright 140 0 - 107 140 Held under repurchase agreements 0 0 - 4,527 0 Repurchase agreements -- triparty (4) 13,281 + 2,459 + 13,281 18,330 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 14 + 5 - 22 7 Seasonal credit 565 + 26 + 286 580 Extended credit 0 0 0 0 Float 964 + 60 + 769 148 Other F.R. assets 33,203 - 1,784 + 1,151 33,440 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,077 + 14 + 2,815 30,077 Total factors supplying reserve funds 603,256 - 207 + 29,301 608,630 Currency in circulation* 568,673 - 1,030 + 32,470 569,194 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 157 + 17 + 74 161 Deposits,other than reserve balances,with F.R.Banks Treasury 4,824 - 402 - 27 5,150 Foreign 101 + 21 - 79 71 Service-related balances and adjustments (5) 6,820 - 5 - 213 6,820 Other 234 - 21 - 48 203 Other F.R. liabilities and capital 15,234 - 12 - 2,810 14,947 Total factors, other than reserve balances, absorbing reserve funds 596,043 - 1,432 + 29,367 596,546 Reserve balances with F.R. Banks (6) 7,213 + 1,225 - 66 12,084 On August 23, 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 $ 713,122 million, a change of $ + 832 million for the week. The total includes $ 619,207 million of U.S. government securities and $ 93,915 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 $ 16,326 million (daily average over statement week) and $ 16,020 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,326 million (daily average) and $ 16,020 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,511 million (daily average) and $ 550 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 $ 408 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 $ 6,157 million and adjustments of $ 663 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 Aug 23, 2000 Aug 16, 2000 Aug 25, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 4,000 Coin 779 + 24 + 477 Loans 587 + 30 + 266 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 18,330 + 8,310 + 18,330 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 8,250 U.S. government securities (2) Bought outright--Bills 188,209 - 3,119 - 11,009 Notes (3) 232,317 + 553 + 21,488 Bonds (4) 90,137 + 206 + 10,088 Total bought outright (5) 510,664 - 2,359 + 20,568 Held under repurchase agreements (1) 0 0 - 1,195 Total U.S. government securities 510,664 - 2,359 + 19,373 Total loans and securities 529,720 + 5,979 + 29,619 Items in process of collection (734) 6,977 - 1,182 - 153 Bank premises 1,421 0 + 91 Other assets (6) 32,009 + 426 + 955 TOTAL ASSETS (734) 586,153 + 5,249 + 26,990 LIABILITIES Federal Reserve notes 540,058 - 1,209 + 29,628 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 18,999 + 5,761 + 624 U.S. Treasury--general account 5,150 + 1,207 - 251 Foreign--official accounts 71 - 12 - 93 Other (-1) 203 - 56 - 63 Total deposits (-1) 24,423 + 6,899 + 217 Deferred availability cash items (734) 6,725 - 480 + 132 Other liabilities and accrued dividends (7) 4,329 - 15 - 229 TOTAL LIABILITIES (734) 575,534 + 5,193 + 29,746 CAPITAL ACCOUNTS Capital paid in 6,898 - 6 + 596 Surplus 2,679 0 - 3,273 Other capital accounts 1,041 + 60 - 80 *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 $ 323 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 $ 85 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,020 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 550 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, August 23, 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 525 17,924 - 3,226 0 0 12,405 0 16 to 90 days 62 110,223 + 3,013 10 0 5,925 0 91 days to 1 year 0 127,552 - 2,906 0 0 ------ ------ Over 1 to 5 years 131,289 - 1 10 0 ------ ------ Over 5 to 10 years 53,065 + 668 120 0 ------ ------ Over 10 years 70,611 + 92 0 0 ------ ------ Total 587 510,664 - 2,359 140 0 18,330 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 408 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 August 23, 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 779 17 70 52 53 107 102 94 44 25 55 75 88 Loans 587 0 0 3 0 0 19 128 110 160 110 19 36 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 18,330 0 18,330 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 188,209 10,805 72,649 7,839 10,532 11,048 12,528 22,513 7,150 792 6,272 5,569 20,513 Notes (3) 232,317 13,337 89,675 9,676 13,001 13,638 15,464 27,789 8,825 978 7,742 6,874 25,320 Bonds (4) 90,137 5,175 34,793 3,754 5,044 5,291 6,000 10,782 3,424 379 3,004 2,667 9,824 Total bought outright(5) 510,664 29,316 197,117 21,269 28,577 29,977 33,991 61,083 19,399 2,150 17,018 15,109 55,657 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,664 29,316 197,117 21,269 28,577 29,977 33,991 61,083 19,399 2,150 17,018 15,109 55,657 Total loans and securities 529,720 29,325 215,501 21,278 28,585 29,985 34,019 61,228 19,514 2,311 17,133 15,133 55,708 Items in process of collection 7,711 419 904 287 276 533 622 736 373 492 402 491 2,177 Bank premises 1,421 94 163 50 156 125 210 105 33 126 49 144 165 Other assets(5) 32,009 1,519 10,729 1,091 1,884 4,965 2,091 3,077 942 656 924 982 3,149 Interdistrict settlement account 0 + 1,633 +11,952 - 587 + 1,712 + 896 + 1,659 - 5,042 - 1,202 - 1,008 - 1,219 - 4,790 - 4,003 TOTAL ASSETS 586,886 33,760 245,416 22,742 33,385 37,641 39,822 61,666 20,197 2,818 17,809 12,736 58,894 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 $ 323 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 $ 85 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,020 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 550 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 August 23, 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 540,058 31,264 229,574 21,452 30,637 32,152 36,870 57,252 19,113 1,202 16,285 10,848 53,410 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,999 1,230 5,666 423 1,364 2,240 1,086 2,381 496 687 691 1,078 1,657 U.S. Treasury--general account 5,150 0 5,150 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 71 1 47 1 2 8 2 3 1 1 1 1 3 Other 202 0 135 0 4 53 0 7 0 0 1 1 1 Total deposits 24,422 1,231 10,998 424 1,370 2,300 1,089 2,390 497 688 693 1,079 1,661 Deferred credit items 7,459 560 871 339 405 476 788 571 181 396 384 289 2,199 Other liabilities and accrued dividends (2) 4,329 257 1,486 194 250 296 327 492 182 68 169 160 447 TOTAL LIABILITIES 576,267 33,312 242,928 22,410 32,662 35,224 39,074 60,705 19,973 2,354 17,532 12,376 57,717 CAPITAL ACCOUNTS Capital paid in 6,898 291 1,507 212 467 1,678 490 613 137 339 181 233 751 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 1,041 37 429 37 70 35 67 107 22 27 22 38 151 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 586,886 33,760 245,416 22,742 33,385 37,641 39,822 61,666 20,197 2,818 17,809 12,736 58,894 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 767,540 38,010 307,807 31,665 37,503 51,263 60,913 70,569 24,125 9,990 22,081 33,487 80,126 Less--Held by F.R. Banks 227,482 6,746 78,233 10,213 6,866 19,112 24,043 13,317 5,012 8,788 5,796 22,639 26,716 F.R. notes, net 540,058 31,264 229,574 21,452 30,637 32,152 36,870 57,252 19,113 1,202 16,285 10,848 53,410 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities(3) 524,812 Total collateral 540,058 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.