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 31, 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 30, 2000 Aug 23, 2000 Sep 1, 1999 Aug 30, 2000 Reserve Bank Credit 556,838 - 1,095 + 26,527 559,968 U.S. government securities (1) Bought outright-system account (2,3) 511,147 + 1,380 + 21,008 513,095 Held under repurchase agreements 0 0 - 917 0 Federal agency obligations (1) Bought outright 140 0 - 98 140 Held under repurchase agreements 0 0 - 5,358 0 Repurchase agreements -- triparty (4) 10,761 - 2,520 + 10,761 11,935 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 54 + 40 - 2 20 Seasonal credit 586 + 21 + 295 586 Extended credit 0 0 0 0 Float 499 - 462 - 359 326 Other F.R. assets 33,651 + 446 + 1,196 33,867 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,091 + 14 + 2,793 30,091 Total factors supplying reserve funds 602,174 - 1,081 + 25,319 605,305 Currency in circulation* 568,371 - 302 + 31,438 570,529 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 161 + 4 + 77 161 Deposits,other than reserve balances,with F.R.Banks Treasury 5,245 + 421 - 158 5,948 Foreign 77 - 24 - 135 99 Service-related balances and adjustments (5) 6,699 - 121 - 220 6,699 Other 205 - 29 - 51 202 Other F.R. liabilities and capital 15,301 + 67 - 2,877 14,915 Total factors, other than reserve balances, absorbing reserve funds 596,059 + 16 + 28,074 598,553 Reserve balances with F.R. Banks (6) 6,116 - 1,096 - 2,755 6,752 On August 30, 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 $ 714,076 million, a change of $ + 954 million for the week. The total includes $ 620,012 million of U.S. government securities and $ 94,063 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 $ 15,707 million (daily average over statement week) and $ 15,038 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,707 million (daily average) and $ 15,038 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 787 million (daily average) and $ 1,041 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 $ 417 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 $ 6,264 million and adjustments of $ 435 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 30, 2000 Aug 23, 2000 Sep 1, 1999 ASSETS Gold certificate account 11,046 0 + 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 760 - 19 + 472 Loans 606 + 19 + 269 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 11,935 - 6,395 + 11,935 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 8,528 U.S. government securities (2) Bought outright--Bills 189,260 + 1,051 - 10,119 Notes (3) 233,656 + 1,339 + 22,827 Bonds (4) 90,179 + 42 + 10,130 Total bought outright (5) 513,095 + 2,431 + 22,838 Held under repurchase agreements (1) 0 0 - 3,825 Total U.S. government securities 513,095 + 2,431 + 19,013 Total loans and securities 525,776 - 3,944 + 22,591 Items in process of collection (645) 7,111 + 134 - 620 Bank premises 1,412 - 9 + 80 Other assets (6) 32,454 + 445 + 952 TOTAL ASSETS (645) 582,759 - 3,394 + 19,476 LIABILITIES Federal Reserve notes 541,360 + 1,302 + 28,570 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,511 - 5,488 - 4,066 U.S. Treasury--general account 5,948 + 798 - 533 Foreign--official accounts 99 + 28 - 76 Other (0) 202 - 1 - 62 Total deposits (0) 19,761 - 4,662 - 4,737 Deferred availability cash items (645) 6,724 - 1 - 909 Other liabilities and accrued dividends (7) 4,374 + 45 - 274 TOTAL LIABILITIES (645) 572,219 - 3,315 + 22,650 CAPITAL ACCOUNTS Capital paid in 6,856 - 42 + 548 Surplus 2,679 0 - 3,273 Other capital accounts 1,005 - 36 - 449 *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 $ 330 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 $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,038 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,041 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 30, 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 538 17,840 - 84 10 + 10 8,040 0 16 to 90 days 68 111,192 + 969 0 - 10 3,895 0 91 days to 1 year 0 129,090 + 1,538 0 0 ------ ------ Over 1 to 5 years 131,290 + 1 10 0 ------ ------ Over 5 to 10 years 53,071 + 6 120 0 ------ ------ Over 10 years 70,613 + 2 0 0 ------ ------ Total 606 513,095 + 2,431 140 0 11,935 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 417 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 30, 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 760 16 64 50 52 102 102 93 42 24 53 74 89 Loans 606 1 0 4 0 0 19 142 122 158 114 16 30 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 11,935 0 11,935 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 189,260 10,865 73,055 7,883 10,591 11,110 12,598 22,638 7,189 797 6,307 5,600 20,627 Notes (3) 233,656 13,414 90,192 9,732 13,076 13,716 15,553 27,949 8,876 984 7,786 6,913 25,466 Bonds (4) 90,179 5,177 34,809 3,756 5,047 5,294 6,003 10,787 3,426 380 3,005 2,668 9,829 Total bought outright(5) 513,095 29,456 198,056 21,371 28,713 30,120 34,153 61,374 19,491 2,160 17,099 15,181 55,922 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,095 29,456 198,056 21,371 28,713 30,120 34,153 61,374 19,491 2,160 17,099 15,181 55,922 Total loans and securities 525,776 29,465 210,045 21,380 28,721 30,128 34,181 61,532 19,618 2,319 17,218 15,201 55,967 Items in process of collection 7,756 493 953 402 237 546 639 598 332 478 385 468 2,226 Bank premises 1,412 94 163 49 156 124 210 105 33 126 49 138 165 Other assets(5) 32,454 1,545 10,903 1,109 1,908 4,986 2,122 3,129 959 659 939 996 3,199 Interdistrict settlement account 0 + 869 +16,762 - 868 + 1,375 - 387 + 1,413 - 6,311 - 1,303 - 1,114 - 1,417 - 5,290 - 3,727 TOTAL ASSETS 583,404 33,235 244,985 22,694 33,168 36,529 39,787 60,615 20,175 2,708 17,693 12,288 59,528 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 $ 330 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 $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,038 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,041 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 30, 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 541,360 31,378 230,050 21,448 30,784 32,420 37,124 57,295 19,140 1,196 16,301 10,885 53,340 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,511 572 3,913 373 1,133 854 841 1,299 421 500 577 688 2,340 U.S. Treasury--general account 5,948 0 5,948 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 202 0 139 0 4 48 0 7 0 0 2 1 1 Total deposits 19,761 574 10,075 374 1,139 910 843 1,308 422 502 579 690 2,344 Deferred credit items 7,369 576 882 346 288 479 739 558 207 468 372 240 2,215 Other liabilities and accrued dividends (2) 4,374 260 1,497 195 253 307 330 494 187 67 172 162 451 TOTAL LIABILITIES 572,864 32,788 242,503 22,362 32,463 34,115 39,036 59,655 19,956 2,233 17,424 11,977 58,350 CAPITAL ACCOUNTS Capital paid in 6,856 292 1,507 212 467 1,680 490 613 137 349 175 187 748 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 1,005 34 423 36 52 30 68 106 17 28 20 36 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,404 33,235 244,985 22,694 33,168 36,529 39,787 60,615 20,175 2,708 17,693 12,288 59,528 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 767,117 37,953 307,709 31,739 37,514 51,473 60,977 70,504 24,070 9,955 22,031 33,370 79,822 Less--Held by F.R. Banks 225,757 6,575 77,659 10,291 6,731 19,053 23,853 13,209 4,930 8,759 5,730 22,485 26,482 F.R. notes, net 541,360 31,378 230,050 21,448 30,784 32,420 37,124 57,295 19,140 1,196 16,301 10,885 53,340 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 944 U.S. govt. and agency securities(3) 525,170 Total collateral 541,360 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.