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 17, 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 16, 2000 Feb 9, 2000 Feb 17, 1999 Feb 16, 2000 Reserve Bank Credit 557,694 + 1,935 + 56,392 557,315 U.S. government securities (1) Bought outright-system account (2,3) 502,470 + 632 + 44,382 502,699 Held under repurchase agreements 0 0 - 2,292 0 Federal agency obligations (1) Bought outright 150 - 25 - 186 150 Held under repurchase agreements 0 0 - 3,359 0 Repurchase agreements -- triparty (4) 19,826 + 1,407 + 19,826 21,505 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 27 - 14 - 72 19 Seasonal credit 44 + 15 + 36 49 Special Liquidity Facility 19 + 2 + 19 18 Extended credit 0 0 0 0 Float 677 + 468 - 552 492 Other F.R. assets 34,481 - 549 - 1,410 32,384 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 28,097 + 14 + 1,644 28,097 Total factors supplying reserve funds 603,039 + 1,949 + 55,035 602,661 Currency in circulation* 565,491 + 35 + 53,740 566,331 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 146 + 15 + 21 162 Deposits,other than reserve balances,with F.R.Banks Treasury 5,306 + 47 + 1,083 4,775 Foreign 88 - 3 - 116 108 Service-related balances and adjustments (5) 7,894 + 25 + 1,029 7,894 Other 237 - 12 - 51 256 Other F.R. liabilities and capital 18,795 + 326 + 1,957 18,548 Total factors, other than reserve balances, absorbing reserve funds 597,956 + 433 + 57,662 598,074 Reserve balances with F.R. Banks (6) 5,083 + 1,516 - 2,627 4,587 On February 16, 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 $ 701,706 million, a change of $ + 6,956 million for the week. The total includes $ 617,909 million of U.S. government securities and $ 83,797 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 $ 16,327 million (daily average over statement week) and $ 16,098 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,327 million (daily average) and $ 16,098 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,570 million (daily average) and $ 1,287 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 $ 6,643 million and adjustments of $ 1,250 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 16, 2000 Feb 9, 2000 Feb 17, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 6,200 0 - 3,000 Coin 408 + 19 - 68 Loans 86 - 9 + 19 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 21,505 - 3,775 + 21,505 Federal agency obligations (2) Bought outright 150 - 25 - 186 Held under repurchase agreements 0 0 - 3,314 U.S. government securities (2) Bought outright--Bills 199,601 + 367 + 1,807 Notes (3) 217,843 - 1,170 + 30,079 Bonds (4) 85,254 + 1,170 + 13,825 Total bought outright (5) 502,699 + 368 + 45,712 Held under repurchase agreements (1) 0 0 - 4,101 Total U.S. government securities 502,699 + 368 + 41,611 Total loans and securities 524,440 - 3,441 + 59,636 Items in process of collection (671) 7,965 + 316 - 6,866 Bank premises 1,375 + 1 + 74 Other assets (6) 30,988 - 2,885 - 1,865 TOTAL ASSETS (671) 582,423 - 5,991 + 47,907 LIABILITIES Federal Reserve notes 538,804 - 399 + 51,620 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,493 - 5,562 - 2,211 U.S. Treasury--general account 4,775 - 85 - 118 Foreign--official accounts 108 + 27 - 77 Other (0) 256 + 9 - 35 Total deposits (0) 17,632 - 5,611 - 2,441 Deferred availability cash items (671) 7,439 - 42 - 3,124 Other liabilities and accrued dividends (7) 4,716 + 1 + 504 TOTAL LIABILITIES (671) 568,591 - 6,051 + 46,559 CAPITAL ACCOUNTS Capital paid in 6,678 + 14 + 659 Surplus 6,404 + 40 + 452 Other capital accounts 751 + 7 + 239 *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 $ 16,098 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,287 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 16, 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 71 16,535 + 1,351 0 - 25 6,500 0 16 to 90 days 15 102,973 + 268 10 0 15,005 0 91 days to 1 year 0 139,878 - 1,695 10 0 ------ ------ Over 1 to 5 years 124,578 - 230 10 0 ------ ------ Over 5 to 10 years 50,941 + 221 120 0 ------ ------ Over 10 years 67,793 + 453 0 0 ------ ------ Total 86 502,699 + 368 150 - 25 21,505 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 16, 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 408 7 20 14 26 58 44 52 21 26 30 40 70 Loans 86 13 0 0 1 4 14 22 4 10 12 4 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 21,505 0 21,505 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 199,601 10,322 79,490 5,978 11,554 15,016 12,150 18,747 6,566 2,387 5,986 9,946 21,460 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) 502,699 25,996 200,197 15,057 29,099 37,818 30,599 47,214 16,536 6,012 15,075 25,048 54,049 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 502,699 25,996 200,197 15,057 29,099 37,818 30,599 47,214 16,536 6,012 15,075 25,048 54,049 Total loans and securities 524,440 26,016 221,762 15,061 29,108 37,833 30,622 47,250 16,545 6,024 15,091 25,059 54,068 Items in process of collection 8,636 423 1,023 304 324 616 843 675 339 1,096 455 323 2,213 Bank premises 1,375 93 165 50 158 125 156 107 33 128 51 145 165 Other assets(5) 30,988 1,391 10,285 898 1,890 5,202 1,966 2,670 834 759 849 1,205 3,039 Interdistrict settlement account 0 + 4,961 + 1,028 + 4,583 - 449 - 8,820 + 5,171 +12,882 + 2,293 - 5,277 + 554 -15,804 - 1,121 TOTAL ASSETS 583,094 33,731 241,149 21,417 31,921 36,364 39,976 65,177 20,577 2,974 17,518 11,885 60,405 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 $ 16,098 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,287 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 16, 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 538,804 31,705 227,505 20,054 29,202 30,363 36,486 61,458 19,437 1,592 16,112 10,275 54,613 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,493 721 2,747 432 1,165 1,511 1,245 1,397 336 331 481 589 1,538 U.S. Treasury--general account 4,775 0 4,775 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 108 1 84 1 2 8 2 3 1 1 1 1 3 Other 256 0 140 0 6 90 1 3 3 1 2 6 5 Total deposits 17,632 723 7,745 433 1,172 1,609 1,248 1,402 340 333 484 596 1,546 Deferred credit items 8,110 437 1,004 340 347 671 922 655 284 469 375 325 2,280 Other liabilities and accrued dividends (2) 4,716 256 1,689 171 277 379 326 451 178 93 172 240 484 TOTAL LIABILITIES 569,262 33,121 237,944 20,999 30,999 33,023 38,983 63,966 20,239 2,487 17,143 11,436 58,923 CAPITAL ACCOUNTS Capital paid in 6,678 292 1,480 201 446 1,677 480 580 160 252 179 212 719 Surplus 6,404 289 1,325 199 444 1,664 460 578 158 235 179 211 660 Other capital accounts 751 30 400 17 32 0 52 52 19 0 17 26 103 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,094 33,731 241,149 21,417 31,921 36,364 39,976 65,177 20,577 2,974 17,518 11,885 60,405 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 804,031 42,215 321,946 30,188 38,871 53,414 60,339 77,538 25,804 11,029 23,905 35,104 83,676 Less--Held by F.R. Banks 265,227 10,510 94,441 10,134 9,669 23,051 23,852 16,081 6,367 9,437 7,794 24,829 29,063 F.R. notes, net 538,804 31,705 227,505 20,054 29,202 30,363 36,486 61,458 19,437 1,592 16,112 10,275 54,613 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) 521,556 Total collateral 538,804 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.