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 October 14, 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 Oct 13, 1999 Oct 6, 1999 Oct 14, 1998 Oct 13, 1999 Reserve Bank Credit 541,214 + 1,487 + 52,590 544,220 U.S. government securities (1) Bought outright-system account (2,3) 491,044 + 671 + 43,371 491,282 Held under repurchase agreements 0 - 2,981 - 2,672 0 Federal agency obligations (1) Bought outright 219 - 10 - 181 198 Held under repurchase agreements 0 - 10,548 - 3,077 0 Repurchase agreements -- triparty (4) 14,659 + 14,086 + 14,659 15,520 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 26 - 56 - 5 16 Seasonal credit 263 - 20 + 153 245 Special Liquidity Facility 0 - 1 0 0 Extended credit 0 0 0 0 Float 776 + 243 + 233 2,538 Other F.R. assets 34,226 + 102 + 109 34,421 Gold stock 11,051 + 1 + 7 11,051 Special drawing rights certificate account 7,200 0 - 2,000 7,200 Treasury currency outstanding 27,291 + 14 + 1,260 27,291 Total factors supplying reserve funds 586,755 + 1,502 + 51,857 589,762 Currency in circulation* 549,717 + 4,773 + 52,375 551,434 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 97 + 4 + 5 95 Deposits,other than reserve balances,with F.R.Banks Treasury 5,235 - 222 - 245 4,948 Foreign 202 + 35 - 119 284 Service-related balances and adjustments (5) 7,079 - 314 + 24 7,079 Other 319 + 48 - 98 270 Other F.R. liabilities and capital 18,195 - 606 + 1,117 17,775 Total factors, other than reserve balances, absorbing reserve funds 580,843 + 3,718 + 53,058 581,886 Reserve balances with F.R. Banks (6) 5,912 - 2,216 - 1,202 7,875 On October 13, 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 611,635 million, a change of -$ 2,069 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 $ 16,514 million (daily average over statement week) and $ 16,277 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,514 million (daily average) and $ 16,277 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,531 million (daily average) and $ 1,747 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 177 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 $ 6,840 million and adjustments of $ 239 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 Oct 13, 1999 Oct 6, 1999 Oct 14, 1998 ASSETS Gold certificate account 11,051 + 1 + 7 Special drawing rights certificate account 7,200 0 - 2,000 Coin 304 + 6 - 107 Loans 261 - 158 + 51 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 15,520 + 11,509 + 15,520 Federal agency obligations (2) Bought outright 198 - 30 - 190 Held under repurchase agreements 0 - 7,110 - 4,570 U.S. government securities (2) Bought outright--Bills 199,423 + 13 + 2,978 Notes (3) 211,806 + 3 + 27,618 Bonds (4) 80,054 + 1 + 13,000 Total bought outright (5) 491,282 + 16 + 43,595 Held under repurchase agreements (1) 0 - 2,160 - 2,045 Total U.S. government securities 491,282 - 2,144 + 41,550 Total loans and securities 507,261 + 2,067 + 52,362 Items in process of collection (510) 13,877 + 4,827 + 2,277 Bank premises 1,341 + 1 + 45 Other assets (6) 33,049 + 220 + 50 TOTAL ASSETS (510) 574,084 + 7,123 + 52,635 LIABILITIES Federal Reserve notes 524,543 + 3,846 + 51,588 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,424 + 1,357 - 956 U.S. Treasury--general account 4,948 - 311 + 53 Foreign--official accounts 284 + 106 + 95 Other (0) 270 - 4 - 127 Total deposits (0) 20,927 + 1,150 - 934 Deferred availability cash items (510) 10,839 + 2,733 + 1,084 Other liabilities and accrued dividends (7) 4,262 - 421 - 189 TOTAL LIABILITIES (510) 560,570 + 7,307 + 51,548 CAPITAL ACCOUNTS Capital paid in 6,336 + 3 + 421 Surplus 5,952 0 + 732 Other capital accounts 1,225 - 187 - 67 *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 $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 146 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 31 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,277 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,747 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, October 13, 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 Reverse Loans securities (1,2) obligations(2) Repurchase Repurchase Weekly Weekly Agreements Agreements Holdings changes Holdings changes Triparty(3) Triparty(3) Within 15 days 72 14,978 + 78 10 - 7,130 4,505 0 16 to 90 days 189 102,323 + 3,295 7 - 10 11,015 0 91 days to 1 year 0 137,796 - 5,520 51 0 ------ ------ Over 1 to 5 years 121,200 + 1 10 0 ------ ------ Over 5 to 10 years 50,207 + 2 120 0 ------ ------ Over 10 years 64,778 + 1 0 0 ------ ------ Total 261 491,282 - 2,144 198 - 7,140 15,520 0 1 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 177 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 October 13, 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 11,051 533 4,438 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 7,200 357 2,823 217 348 599 523 637 204 90 203 396 803 Coin 304 8 15 15 22 45 37 37 18 12 21 35 38 Loans 261 0 0 1 0 1 10 61 73 59 48 0 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 15,520 0 15,520 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 198 10 79 6 11 15 12 19 7 2 6 10 21 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 199,423 10,313 79,419 5,973 11,544 15,003 12,139 18,730 6,560 2,385 5,980 9,937 21,441 Notes (3) 211,806 10,953 84,351 6,344 12,260 15,934 12,892 19,893 6,967 2,533 6,352 10,554 22,773 Bonds (4) 80,054 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(5) 491,282 25,406 195,651 14,715 28,438 36,959 29,904 46,141 16,160 5,876 14,733 24,479 52,821 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 491,282 25,406 195,651 14,715 28,438 36,959 29,904 46,141 16,160 5,876 14,733 24,479 52,821 Total loans and securities 507,261 25,416 211,250 14,722 28,449 36,975 29,926 46,221 16,240 5,937 14,787 24,490 52,851 Items in process of collection 14,387 673 1,915 689 611 1,298 1,492 1,372 514 935 752 561 3,576 Bank premises 1,341 93 164 50 156 124 124 108 32 129 51 146 165 Other assets(5) 33,049 1,505 10,820 978 1,971 4,605 2,105 2,986 832 765 848 1,380 4,255 Interdistrict settlement account 0 + 3,060 + 4,404 + 4,763 - 539 - 8,954 + 5,099 +15,400 + 2,724 - 5,893 + 1,037 -22,431 + 1,331 TOTAL ASSETS 574,593 31,645 235,827 21,753 31,585 35,527 40,030 67,753 20,900 2,114 18,012 5,151 64,297 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 $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 146 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 31 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,277 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,747 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 October 13, 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 524,543 29,224 221,366 20,360 28,970 29,350 36,526 62,869 19,296 442 16,455 3,255 56,429 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,424 1,085 3,386 413 991 1,322 1,245 2,294 665 408 503 650 2,461 U.S. Treasury--general account 4,948 0 4,948 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 284 7 168 4 10 30 10 14 3 5 3 6 24 Other 270 0 137 0 2 116 4 1 4 0 2 3 2 Total deposits 20,927 1,091 8,640 418 1,003 1,468 1,259 2,309 672 413 508 658 2,487 Deferred credit items 11,348 491 1,484 409 458 1,051 1,043 907 437 746 526 553 3,243 Other liabilities and accrued dividends (2) 4,262 235 1,475 157 256 358 300 411 163 88 160 221 439 TOTAL LIABILITIES 561,080 31,041 232,965 21,343 30,687 32,227 39,129 66,495 20,569 1,690 17,649 4,687 62,598 CAPITAL ACCOUNTS Capital paid in 6,336 289 1,319 200 434 1,631 436 603 157 210 174 213 670 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,225 47 335 33 65 431 47 72 53 12 48 24 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 574,593 31,645 235,827 21,753 31,585 35,527 40,030 67,753 20,900 2,114 18,012 5,151 64,297 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 827,718 40,717 330,900 31,346 39,491 55,737 61,427 81,050 26,688 11,571 25,112 37,433 86,245 Less--Held by F.R. Banks 303,175 11,492 109,534 10,987 10,521 26,388 24,900 18,181 7,392 11,129 8,657 34,178 29,816 F.R. notes, net 524,543 29,224 221,366 20,360 28,970 29,350 36,526 62,869 19,296 442 16,455 3,255 56,429 Collateral held against F.R. notes Gold certificate account 11,051 Special drawing rights certificate account 7,200 Other eligible assets 0 U.S. govt. and agency securities(3) 506,292 Total collateral 524,543 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.