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 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 Feb 23, 2000 Feb 16, 2000 Feb 24, 1999 Feb 23, 2000 Reserve Bank Credit 557,057 - 637 + 53,348 560,725 U.S. government securities (1) Bought outright-system account (2,3) 502,193 - 277 + 42,220 500,423 Held under repurchase agreements 0 0 - 4,829 0 Federal agency obligations (1) Bought outright 150 0 - 186 150 Held under repurchase agreements 0 0 - 3,542 0 Repurchase agreements -- triparty (4) 21,041 + 1,215 + 21,041 24,255 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 42 + 15 - 65 48 Seasonal credit 52 + 8 + 42 53 Special Liquidity Facility 15 - 4 + 15 16 Extended credit 0 0 0 0 Float 1,020 + 343 + 645 3,007 Other F.R. assets 32,545 - 1,936 - 1,991 32,773 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 28,111 + 14 + 1,631 28,111 Total factors supplying reserve funds 602,416 - 623 + 51,978 606,084 Currency in circulation* 565,533 + 42 + 53,316 565,820 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 162 + 16 + 45 162 Deposits,other than reserve balances,with F.R.Banks Treasury 5,334 + 28 + 336 4,818 Foreign 81 - 7 - 105 107 Service-related balances and adjustments (5) 6,959 - 935 + 15 6,959 Other 238 + 1 - 41 238 Other F.R. liabilities and capital 18,823 + 28 + 1,881 18,609 Total factors, other than reserve balances, absorbing reserve funds 597,130 - 827 + 55,447 596,714 Reserve balances with F.R. Banks (6) 5,286 + 204 - 3,469 9,370 On February 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 $ 700,137 million, a change of $ - 1,569 million for the week. The total includes $ 617,267 million of U.S. government securities and $ 82,870 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 $ 16,603 million (daily average over statement week) and $ 18,373 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,353 million (daily average) and $ 16,623 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 470 million (daily average) and $ 122 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 $ 6,639 million and adjustments of $ 320 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 23, 2000 Feb 16, 2000 Feb 24, 1999 ASSETS Gold certificate account 11,048 0 0 Special drawing rights certificate account 6,200 0 - 3,000 Coin 425 + 17 - 29 Loans 117 + 31 - 328 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 24,255 + 2,750 + 24,255 Federal agency obligations (2) Bought outright 150 0 - 186 Held under repurchase agreements 0 0 - 7,223 U.S. government securities (2) Bought outright--Bills 197,326 - 2,275 - 2,434 Notes (3) 217,843 0 + 28,050 Bonds (4) 85,254 0 + 13,701 Total bought outright (5) 500,423 - 2,276 + 39,317 Held under repurchase agreements (1) 0 0 - 9,870 Total U.S. government securities 500,423 - 2,276 + 29,447 Total loans and securities 524,945 + 505 + 45,965 Items in process of collection (720) 13,285 + 5,320 + 6,482 Bank premises 1,375 0 + 72 Other assets (6) 31,387 + 399 - 2,543 TOTAL ASSETS (720) 588,665 + 6,242 + 46,948 LIABILITIES Federal Reserve notes 538,296 - 508 + 51,318 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,539 + 4,046 - 9,123 U.S. Treasury--general account 4,818 + 43 + 65 Foreign--official accounts 107 - 1 - 111 Other (0) 238 - 18 - 33 Total deposits (0) 21,703 + 4,071 - 9,202 Deferred availability cash items (720) 10,056 + 2,617 + 3,080 Other liabilities and accrued dividends (7) 4,689 - 27 + 404 TOTAL LIABILITIES (720) 574,744 + 6,153 + 45,600 CAPITAL ACCOUNTS Capital paid in 6,697 + 19 + 628 Surplus 6,431 + 27 + 479 Other capital accounts 792 + 41 + 240 *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 $ 18,373 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 122 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 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 99 14,512 - 2,023 0 0 9,250 0 16 to 90 days 18 102,796 - 177 10 0 15,005 0 91 days to 1 year 0 139,803 - 75 10 0 ------ ------ Over 1 to 5 years 124,578 0 10 0 ------ ------ Over 5 to 10 years 50,941 0 120 0 ------ ------ Over 10 years 67,793 0 0 0 ------ ------ Total 117 500,423 - 2,276 150 0 24,255 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 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 11,048 533 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 425 8 21 15 24 56 51 57 23 25 30 42 75 Loans 117 10 0 0 2 0 14 33 8 12 12 4 21 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 24,255 0 24,255 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 197,326 10,204 78,584 5,910 11,422 14,845 12,011 18,533 6,491 2,360 5,917 9,832 21,216 Notes (3) 217,843 11,265 86,755 6,525 12,610 16,388 13,260 20,460 7,166 2,605 6,533 10,855 23,422 Bonds (4) 85,254 4,409 33,952 2,554 4,935 6,414 5,189 8,007 2,804 1,020 2,557 4,248 9,166 Total bought outright(5) 500,423 25,878 199,291 14,989 28,967 37,647 30,460 47,000 16,461 5,985 15,007 24,935 53,804 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 500,423 25,878 199,291 14,989 28,967 37,647 30,460 47,000 16,461 5,985 15,007 24,935 53,804 Total loans and securities 524,945 25,896 223,606 14,993 28,977 37,658 30,483 47,047 16,474 5,999 15,023 24,946 53,841 Items in process of collection 14,005 712 1,487 792 675 997 1,374 1,061 506 1,154 870 900 3,476 Bank premises 1,375 93 165 50 157 125 157 107 33 128 51 145 165 Other assets(5) 31,387 1,412 10,470 911 1,910 5,232 1,991 2,680 848 765 862 1,225 3,081 Interdistrict settlement account 0 + 5,660 - 2,666 + 4,448 + 586 - 8,859 + 5,697 +12,625 + 2,489 - 4,763 + 620 -15,479 - 356 TOTAL ASSETS 589,385 34,621 239,949 21,717 33,194 36,559 40,927 65,119 20,884 3,525 17,943 12,695 62,252 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 $ 18,373 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 122 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 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 538,296 31,507 225,611 20,163 29,009 29,913 37,287 61,079 19,423 1,569 16,234 10,811 55,691 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,539 1,701 3,071 493 2,454 1,885 1,144 1,490 574 767 694 655 1,610 U.S. Treasury--general account 4,818 0 4,818 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 107 1 84 1 2 8 2 3 1 1 1 1 3 Other 238 0 134 0 3 85 0 2 1 0 2 6 4 Total deposits 21,703 1,703 8,107 494 2,460 1,978 1,147 1,495 576 768 697 662 1,617 Deferred credit items 10,776 546 1,340 471 531 896 1,174 880 369 602 467 531 2,969 Other liabilities and accrued dividends (2) 4,689 254 1,670 169 276 385 326 444 178 93 171 240 482 TOTAL LIABILITIES 575,464 34,010 236,728 21,297 32,275 33,173 39,934 63,898 20,545 3,032 17,569 12,244 60,759 CAPITAL ACCOUNTS Capital paid in 6,697 292 1,486 201 446 1,677 481 592 160 252 179 212 719 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 792 31 410 19 29 18 51 50 20 6 15 28 114 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 589,385 34,621 239,949 21,717 33,194 36,559 40,927 65,119 20,884 3,525 17,943 12,695 62,252 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 801,624 41,869 319,694 30,171 38,562 52,832 60,984 76,988 25,761 10,951 23,938 35,406 84,466 Less--Held by F.R. Banks 263,327 10,362 94,083 10,008 9,553 22,919 23,697 15,909 6,338 9,382 7,705 24,595 28,776 F.R. notes, net 538,296 31,507 225,611 20,163 29,009 29,913 37,287 61,079 19,423 1,569 16,234 10,811 55,691 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) 521,048 Total collateral 538,296 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.