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 March 2, 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 Mar 1, 2000 Feb 23, 2000 Mar 3, 1999 Mar 1, 2000 Reserve Bank Credit 556,770 - 281 + 52,912 558,674 U.S. government securities (1) Bought outright-system account (2,3) 501,486 - 707 + 40,169 501,899 Held under repurchase agreements 0 0 - 4,805 0 Federal agency obligations (1) Bought outright 150 0 - 186 150 Held under repurchase agreements 0 0 - 3,478 0 Repurchase agreements -- triparty (4) 21,333 + 292 + 21,333 24,265 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 31 - 11 + 19 33 Seasonal credit 57 + 5 + 43 59 Special Liquidity Facility 16 + 1 + 16 16 Extended credit 0 0 0 0 Float 903 - 110 + 1,223 -144 Other F.R. assets 32,793 + 247 - 1,425 32,396 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 28,125 + 14 + 1,617 28,125 Total factors supplying reserve funds 602,143 - 268 + 51,530 604,047 Currency in circulation* 563,836 - 1,697 + 51,329 564,375 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 162 0 + 41 158 Deposits,other than reserve balances,with F.R.Banks Treasury 5,090 - 244 + 116 5,019 Foreign 92 + 11 - 96 99 Service-related balances and adjustments (5) 6,917 - 42 - 113 6,917 Other 245 + 7 - 9 234 Other F.R. liabilities and capital 18,807 - 16 + 2,287 18,329 Total factors, other than reserve balances, absorbing reserve funds 595,148 - 1,983 + 53,554 595,131 Reserve balances with F.R. Banks (6) 6,995 + 1,715 - 2,024 8,916 On March 1, 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 $ 704,579 million, a change of $ + 4,442 million for the week. The total includes $ 621,082 million of U.S. government securities and $ 83,496 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 $ 17,310 million (daily average over statement week) and $ 16,897 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,310 million (daily average) and $ 16,897 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 129 million (daily average) and $ 298 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 $ 6,528 million and adjustments of $ 389 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 Mar 1, 2000 Feb 23, 2000 Mar 3, 1999 ASSETS Gold certificate account 11,048 0 + 1 Special drawing rights certificate account 6,200 0 - 3,000 Coin 419 - 6 - 16 Loans 108 - 9 + 91 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 24,265 + 10 + 24,265 Federal agency obligations (2) Bought outright 150 0 - 186 Held under repurchase agreements 0 0 - 2,047 U.S. government securities (2) Bought outright--Bills 198,802 + 1,476 - 517 Notes (3) 217,843 0 + 26,717 Bonds (4) 85,254 0 + 13,701 Total bought outright (5) 501,899 + 1,476 + 39,901 Held under repurchase agreements (1) 0 0 - 5,562 Total U.S. government securities 501,899 + 1,476 + 34,339 Total loans and securities 526,422 + 1,477 + 56,462 Items in process of collection (826) 8,040 - 5,245 - 2,019 Bank premises 1,380 + 5 + 78 Other assets (6) 30,920 - 467 - 1,904 TOTAL ASSETS (826) 584,429 - 4,236 + 49,603 LIABILITIES Federal Reserve notes 536,827 - 1,469 + 48,733 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,058 - 481 - 466 U.S. Treasury--general account 5,019 + 201 - 31 Foreign--official accounts 99 - 8 - 86 Other (0) 234 - 4 - 31 Total deposits (0) 21,410 - 293 - 613 Deferred availability cash items (826) 7,862 - 2,194 - 590 Other liabilities and accrued dividends (7) 4,652 - 37 + 565 TOTAL LIABILITIES (826) 570,752 - 3,992 + 48,096 CAPITAL ACCOUNTS Capital paid in 6,701 + 4 + 625 Surplus 6,410 - 21 + 516 Other capital accounts 566 - 226 + 366 *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 $ 16,897 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 298 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, March 1, 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 59 16,381 + 1,869 0 0 9,260 0 16 to 90 days 49 104,150 + 1,354 10 0 15,005 0 91 days to 1 year 0 138,688 - 1,115 10 0 ------ ------ Over 1 to 5 years 123,947 - 631 10 0 ------ ------ Over 5 to 10 years 50,941 0 120 0 ------ ------ Over 10 years 67,793 0 0 0 ------ ------ Total 108 501,899 + 1,476 150 0 24,265 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 March 1, 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 419 9 22 14 23 54 48 54 22 26 28 41 75 Loans 108 8 0 0 2 0 14 12 24 13 6 0 28 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 24,265 0 24,265 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 198,802 10,281 79,172 5,954 11,508 14,956 12,101 18,672 6,539 2,378 5,962 9,906 21,375 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) 501,899 25,955 199,879 15,033 29,052 37,758 30,550 47,139 16,509 6,003 15,051 25,008 53,963 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 501,899 25,955 199,879 15,033 29,052 37,758 30,550 47,139 16,509 6,003 15,051 25,008 53,963 Total loans and securities 526,422 25,970 224,204 15,037 29,063 37,769 30,573 47,165 16,539 6,017 15,062 25,016 54,007 Items in process of collection 8,865 478 1,022 400 376 573 1,069 583 429 542 510 350 2,534 Bank premises 1,380 94 164 50 157 124 164 106 32 128 50 145 164 Other assets(5) 30,920 1,389 10,345 896 1,882 5,143 1,960 2,629 835 755 848 1,207 3,031 Interdistrict settlement account 0 + 5,593 - 2,807 + 4,603 - 145 - 8,828 + 5,199 +13,250 + 2,240 - 4,493 + 799 -14,777 - 635 TOTAL ASSETS 585,255 34,373 239,817 21,507 32,222 36,185 40,188 65,330 20,609 3,194 17,785 12,897 61,148 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 $ 16,897 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 298 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 March 1, 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 536,827 31,593 225,420 20,020 29,313 29,762 36,617 61,062 19,387 1,575 16,209 10,647 55,223 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,058 1,417 3,332 510 1,349 2,001 1,233 1,975 423 547 546 1,213 1,512 U.S. Treasury--general account 5,019 0 5,019 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 99 1 75 1 2 8 2 3 1 1 1 1 3 Other 234 1 142 0 1 77 1 1 1 0 2 5 2 Total deposits 21,410 1,420 8,568 512 1,352 2,086 1,237 1,979 424 549 549 1,218 1,517 Deferred credit items 8,688 509 1,020 399 379 611 1,039 636 293 489 493 354 2,467 Other liabilities and accrued dividends (2) 4,652 255 1,656 168 276 378 322 444 176 94 170 237 477 TOTAL LIABILITIES 571,578 33,777 236,664 21,099 31,320 32,836 39,215 64,121 20,280 2,707 17,421 12,456 59,683 CAPITAL ACCOUNTS Capital paid in 6,701 292 1,487 201 445 1,677 481 593 161 252 179 213 719 Surplus 6,410 289 1,325 199 444 1,672 460 578 158 233 179 211 660 Other capital accounts 566 16 340 7 12 0 31 37 11 1 6 18 84 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 585,255 34,373 239,817 21,507 32,222 36,185 40,188 65,330 20,609 3,194 17,785 12,897 61,148 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 799,031 41,797 319,122 30,062 38,699 52,582 60,461 76,796 25,677 10,888 23,841 35,172 83,934 Less--Held by F.R. Banks 262,204 10,204 93,702 10,041 9,386 22,819 23,844 15,734 6,290 9,313 7,631 24,525 28,712 F.R. notes, net 536,827 31,593 225,420 20,020 29,313 29,762 36,617 61,062 19,387 1,575 16,209 10,647 55,223 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) 519,579 Total collateral 536,827 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.