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 September 30, 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 Sep 29, 1999 Sep 22, 1999 Sep 30, 1998 Sep 29, 1999 Reserve Bank Credit (1,2) 537,415 - 1,009 + 49,508 543,032 U.S. government securities Bought outright-system account (3) 489,966 - 1,040 + 43,727 491,019 Held under repurchase agreements 2,871 + 933 - 2,570 5,220 Federal agency obligations Bought outright 238 0 - 165 238 Held under repurchase agreements 9,728 - 1,427 + 8,558 11,183 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 101 + 29 - 37 105 Seasonal credit 304 + 21 + 132 313 Extended credit 0 0 0 0 Float 228 + 72 - 568 612 Other F.R. assets 33,979 + 403 + 430 34,342 Gold stock 11,048 + 2 + 3 11,048 Special drawing rights certificate account 7,200 0 - 2,000 7,200 Treasury currency outstanding 27,263 + 14 + 1,272 27,263 Total factors supplying reserve funds 582,925 - 993 + 48,781 588,542 Currency in circulation* 542,403 - 27 + 49,612 544,082 Treasury cash holdings* 93 + 7 0 93 Deposits,other than reserve balances,with F.R.Banks Treasury 7,403 - 109 + 414 8,232 Foreign 218 - 47 + 17 191 Service-related balances and adjustments (4) 7,325 + 400 + 334 7,325 Other 223 - 25 - 130 191 Other F.R. liabilities and capital 18,606 + 5 + 1,400 18,485 Total factors, other than reserve balances, absorbing reserve funds 576,270 + 203 + 51,646 578,599 Reserve balances with F.R. Banks (5) 6,655 - 1,196 - 2,865 9,944 On September 29, 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 617,995 million, a change of +$ 3,515 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 17,585 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 17,585 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 16,534 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 16,534 million was with foreign official and international accounts. Includes $ 2,523 million securities loaned--fully secured U.S. government securities. 3 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 171 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,817 million and adjustments of $ 508 million to compensate for float. 5 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 Sep 29, 1999 Sep 22, 1999 Sep 30, 1998 ASSETS Gold certificate account 11,048 0 + 4 Special drawing rights certificate account 7,200 0 - 2,000 Coin 287 + 3 - 130 Loans 418 0 - 637 Acceptances 0 0 0 Federal agency obligations Bought outright 238 0 - 165 Held under repurchase agreements (1) 11,183 - 3,694 + 9,084 U.S. government securities Bought outright--Bills 199,165 - 39 + 3,301 Notes (2) 211,801 + 3 + 27,615 Bonds (3) 80,053 + 1 + 14,057 Total bought outright (4) 491,019 - 35 + 44,972 Held under repurchase agreements (1) 5,220 + 327 - 6,915 Total U.S. government securities 496,239 + 293 + 38,057 Total loans and securities 508,078 - 3,402 + 46,340 Items in process of collection (742) 6,978 + 86 + 524 Bank premises 1,337 + 3 + 42 Other assets (5) 33,009 + 418 - 1,319 TOTAL ASSETS (742) 567,937 - 2,890 + 43,461 LIABILITIES Federal Reserve notes 517,199 + 1,000 + 48,440 Deposits Depository institutions 16,996 - 3,844 - 8,710 U.S. Treasury--general account 8,232 + 511 + 3,280 Foreign--official accounts 191 + 30 - 156 Other (0) 191 - 53 - 158 Total deposits (0) 25,609 - 3,357 - 5,744 Deferred availability cash items (742) 6,643 - 467 - 68 Other liabilities and accrued dividends (6) 5,012 - 56 + 375 TOTAL LIABILITIES (742) 554,464 - 2,879 + 43,004 CAPITAL ACCOUNTS Capital paid in 6,329 + 11 + 419 Surplus 5,952 0 + 732 Other capital accounts 1,192 - 23 - 694 *Figures in parentheses are the eliminations made in the consolidation process. 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 141 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 30 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 16,534 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2,523 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. 6 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, September 29, 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 Loans Acceptances securities (1) obligations Weekly Weekly Holdings changes Holdings changes Within 15 days 372 0 Within 15 days 19,310 + 4,581 11,223 - 3,664 16 to 90 days 46 0 16 to 90 days 97,374 - 4,437 17 - 30 Over 90 days 0 0 91 days to 1 year 142,227 + 145 51 0 Over 1 to 5 years 122,349 + 1 10 0 Over 5 to 10 years 50,204 + 3 120 0 Over 10 years 64,777 + 1 0 0 Total 418 0 Total 496,239 + 293 11,421 - 3,694 1 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 171 million of compensation that adjusts for the effects of inflation on the principal of such securities. Components may not add to totals due to rounding. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 29, 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 11,048 533 4,435 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 7,200 357 2,823 217 348 599 523 637 204 90 203 396 803 Coin 287 6 13 14 26 38 34 32 18 12 20 39 36 Loans 418 2 0 6 0 0 86 72 90 71 60 0 30 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 238 12 95 7 14 18 14 22 8 3 7 12 26 Held under repurchase agreements(1) 11,183 0 11,183 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 199,165 10,299 79,317 5,965 11,529 14,983 12,123 18,706 6,551 2,382 5,973 9,924 21,414 Notes (2) 211,801 10,953 84,349 6,344 12,260 15,934 12,892 19,892 6,967 2,533 6,351 10,553 22,772 Bonds (3) 80,053 4,140 31,881 2,398 4,634 6,022 4,873 7,519 2,633 957 2,401 3,989 8,607 Total bought outright(4) 491,019 25,392 195,546 14,707 28,422 36,939 29,888 46,117 16,152 5,873 14,725 24,466 52,793 Held under repurchase agreements(1) 5,220 0 5,220 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 496,239 25,392 200,766 14,707 28,422 36,939 29,888 46,117 16,152 5,873 14,725 24,466 52,793 Total loans and securities 508,078 25,407 212,044 14,720 28,436 36,957 29,988 46,211 16,250 5,947 14,792 24,478 52,848 Items in process of collection 7,719 356 857 367 315 600 838 600 390 593 463 298 2,042 Bank premises 1,337 93 164 50 156 124 121 107 31 129 52 146 164 Other assets(5) 33,009 1,481 11,131 968 1,937 4,531 2,065 2,942 819 749 838 1,355 4,194 Interdistrict settlement account 0 + 2,640 + 5,382 + 4,977 - 1,316 - 8,015 + 5,265 +15,184 + 2,373 - 5,382 + 1,218 -22,035 - 291 TOTAL ASSETS 568,679 30,872 236,847 21,632 30,467 35,669 39,560 66,706 20,422 2,278 17,898 5,253 61,075 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 141 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 30 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 16,534 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 2,523 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON September 29, 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 517,199 28,234 218,568 20,343 28,212 28,688 35,832 62,734 19,194 497 16,356 3,438 55,103 Deposits Depository institutions 16,996 1,314 4,042 440 820 2,655 1,656 1,703 423 673 579 810 1,881 U.S. Treasury--general account 8,232 0 8,232 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 191 7 75 4 10 30 10 14 3 5 3 6 24 Other 191 23 138 1 -21 36 4 1 4 0 2 2 2 Total deposits 25,609 1,344 12,487 445 809 2,721 1,670 1,718 429 678 584 818 1,907 Deferred credit items 7,384 456 797 285 301 589 850 585 303 589 432 305 1,893 Other liabilities and accrued dividends (1) 5,012 236 2,145 158 261 358 308 420 170 89 163 228 476 TOTAL LIABILITIES 555,205 30,269 233,997 21,231 29,583 32,356 38,660 65,456 20,097 1,854 17,535 4,789 59,379 CAPITAL ACCOUNTS Capital paid in 6,329 289 1,319 194 433 1,632 436 603 157 209 174 213 670 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,192 47 323 31 52 444 45 63 47 12 48 24 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 568,679 30,872 236,847 21,632 30,467 35,669 39,560 66,706 20,422 2,278 17,898 5,253 61,075 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 824,276 39,775 329,020 31,508 38,982 55,932 60,837 80,981 26,765 11,605 25,180 37,536 86,155 Less--Held by F.R. Banks 307,076 11,541 110,452 11,166 10,770 27,244 25,005 18,247 7,571 11,109 8,824 34,098 31,051 F.R. notes, net 517,199 28,234 218,568 20,343 28,212 28,688 35,832 62,734 19,194 497 16,356 3,438 55,103 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 7,200 Other eligible assets 0 U.S. govt. and agency securities 498,952 Total collateral 517,199 1 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.