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 January 27, 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 Jan 26, 2000 Jan 19, 2000 Jan 27, 1999 Jan 26, 2000 Reserve Bank Credit 565,748 - 6,137 + 64,786 571,169 U.S. government securities (1) Bought outright-system account (2,3) 497,578 + 2,754 + 44,853 499,138 Held under repurchase agreements 0 0 - 6,281 0 Federal agency obligations (1) Bought outright 179 - 2 - 158 175 Held under repurchase agreements 0 0 - 3,226 0 Repurchase agreements -- triparty (4) 28,821 - 11,933 + 28,821 25,105 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 117 - 125 + 12 154 Seasonal credit 27 - 1 + 22 23 Special Liquidity Facility 17 + 1 + 17 21 Extended credit 0 0 0 0 Float 3,372 + 2,962 + 1,991 10,720 Other F.R. assets 35,637 + 207 - 1,266 35,832 Gold stock 11,048 0 + 2 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 27,804 + 14 + 1,439 27,804 Total factors supplying reserve funds 610,800 - 6,122 + 63,228 616,221 Currency in circulation* 571,447 - 9,817 + 64,668 569,160 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 125 + 3 + 37 125 Deposits,other than reserve balances,with F.R.Banks Treasury 7,205 + 1,815 + 242 8,780 Foreign 83 - 18 - 101 81 Service-related balances and adjustments (5) 7,769 + 297 - 96 7,769 Other 237 - 13 0 237 Other F.R. liabilities and capital 18,491 + 45 + 1,651 18,363 Total factors, other than reserve balances, absorbing reserve funds 605,358 - 7,686 + 66,402 604,515 Reserve balances with F.R. Banks (6) 5,442 + 1,564 - 3,174 11,705 On January 26, 2000, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 615,327 million, a change of $ - 8,992 million for the week. 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 $ 19,594 million (daily average over statement week) and $ 18,589 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,594 million (daily average) and $ 18,589 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,167 million (daily average) and $ 230 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 $ 231 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 $ 7,075 million and adjustments of $ 694 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 Jan 26, 2000 Jan 19, 2000 Jan 27, 1999 ASSETS Gold certificate account 11,048 0 + 2 Special drawing rights certificate account 6,200 0 - 3,000 Coin 325 + 33 - 114 Loans 198 + 27 + 186 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 25,105 - 9,505 + 25,105 Federal agency obligations (2) Bought outright 175 - 6 - 161 Held under repurchase agreements 0 0 - 4,027 U.S. government securities (2) Bought outright--Bills 197,111 + 2,059 - 551 Notes (3) 219,012 + 933 + 31,609 Bonds (4) 83,015 + 36 + 13,541 Total bought outright (5) 499,138 + 3,028 + 44,600 Held under repurchase agreements (1) 0 0 - 9,891 Total U.S. government securities 499,138 + 3,028 + 34,709 Total loans and securities 524,617 - 6,455 + 55,813 Items in process of collection (648) 17,122 + 3,228 + 9,833 Bank premises 1,366 - 1 + 65 Other assets (6) 34,462 + 315 - 1,888 TOTAL ASSETS (648) 595,140 - 2,880 + 60,711 LIABILITIES Federal Reserve notes 541,807 - 8,256 + 60,758 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,494 + 4,840 - 3,069 U.S. Treasury--general account 8,780 + 5,064 + 1,742 Foreign--official accounts 81 + 1 - 87 Other (0) 237 - 19 + 20 Total deposits (0) 28,592 + 9,886 - 1,393 Deferred availability cash items (648) 6,379 - 4,685 - 406 Other liabilities and accrued dividends (7) 4,465 - 49 + 273 TOTAL LIABILITIES (648) 581,243 - 3,104 + 59,232 CAPITAL ACCOUNTS Capital paid in 6,648 + 5 + 693 Surplus 6,432 0 + 480 Other capital accounts 818 + 220 + 307 *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 $ 181 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 $ 18,589 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 230 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, January 26, 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 175 16,070 + 529 25 + 19 25,105 0 16 to 90 days 23 100,111 + 1,809 10 - 25 0 0 91 days to 1 year 0 141,636 - 280 10 0 ------ ------ Over 1 to 5 years 124,330 + 161 10 0 ------ ------ Over 5 to 10 years 50,720 + 810 120 0 ------ ------ Over 10 years 66,271 0 0 0 ------ ------ Total 198 499,138 + 3,028 175 - 6 25,105 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 231 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 January 26, 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 325 7 10 13 21 51 38 47 22 15 23 30 48 Loans 198 2 1 2 0 97 20 23 6 3 28 0 17 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 25,105 0 25,105 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 175 9 70 5 10 13 11 16 6 2 5 9 19 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 197,111 10,193 78,498 5,904 11,410 14,829 11,998 18,513 6,484 2,357 5,911 9,821 21,193 Notes (3) 219,012 11,326 87,221 6,560 12,677 16,476 13,331 20,570 7,204 2,619 6,568 10,913 23,548 Bonds (4) 83,015 4,293 33,060 2,486 4,805 6,245 5,053 7,797 2,731 993 2,489 4,136 8,926 Total bought outright(5) 499,138 25,812 198,779 14,950 28,892 37,550 30,382 46,879 16,419 5,970 14,968 24,871 53,666 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 499,138 25,812 198,779 14,950 28,892 37,550 30,382 46,879 16,419 5,970 14,968 24,871 53,666 Total loans and securities 524,617 25,823 223,955 14,957 28,903 37,661 30,413 46,918 16,430 5,974 15,001 24,880 53,702 Items in process of collection 17,770 1,098 1,911 860 837 1,265 2,375 1,785 812 717 1,093 1,002 4,013 Bank premises 1,366 93 165 50 158 125 147 107 32 128 51 146 165 Other assets(5) 34,462 1,558 11,596 1,012 2,053 4,693 2,153 3,071 869 775 876 1,446 4,361 Interdistrict settlement account 0 + 5,260 + 2,979 + 4,037 - 1,964 - 7,285 + 3,723 +12,972 + 2,294 - 4,465 + 12 -15,495 - 2,068 TOTAL ASSETS 595,788 34,679 247,483 21,435 30,873 37,859 40,023 66,442 20,972 3,363 17,544 12,924 62,193 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 $ 181 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 $ 18,589 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 230 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 January 26, 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 541,807 31,202 228,186 20,268 28,211 32,247 36,544 61,329 19,278 1,616 15,987 10,893 56,047 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,494 2,291 4,769 481 1,155 1,471 1,348 2,645 948 737 567 1,058 2,025 U.S. Treasury--general account 8,780 0 8,780 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 81 1 57 1 2 6 2 3 1 1 1 1 5 Other 237 0 145 1 5 76 -37 39 1 0 1 3 1 Total deposits 28,592 2,293 13,751 483 1,162 1,554 1,313 2,687 949 738 569 1,062 2,032 Deferred credit items 7,027 334 737 106 313 293 850 792 237 437 447 291 2,189 Other liabilities and accrued dividends (2) 4,465 243 1,588 163 265 357 308 428 170 93 165 230 453 TOTAL LIABILITIES 581,891 34,072 244,262 21,020 29,951 34,451 39,015 65,235 20,635 2,884 17,168 12,475 60,721 CAPITAL ACCOUNTS Capital paid in 6,648 290 1,480 200 445 1,676 485 579 160 237 179 210 706 Surplus 6,432 290 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 818 28 415 15 32 40 62 49 18 7 18 28 106 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 595,788 34,679 247,483 21,435 30,873 37,859 40,023 66,442 20,972 3,363 17,544 12,924 62,193 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 811,652 42,085 323,914 30,612 38,351 54,303 61,304 77,987 26,108 11,214 24,052 35,980 85,743 Less--Held by F.R. Banks 269,846 10,883 95,728 10,344 10,140 22,056 24,760 16,659 6,829 9,598 8,065 25,087 29,696 F.R. notes, net 541,807 31,202 228,186 20,268 28,211 32,247 36,544 61,329 19,278 1,616 15,987 10,893 56,047 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 6,200 Other eligible assets 140 U.S. govt. and agency securities(3) 524,418 Total collateral 541,807 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.