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 10, 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 9, 2000 Aug 2, 2000 Aug 11, 1999 Aug 9, 2000 Reserve Bank Credit 557,914 - 927 + 30,113 564,418 U.S. government securities (1) Bought outright-system account (2,3) 508,712 + 2,264 + 22,561 510,520 Held under repurchase agreements 0 0 - 2,186 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 4,414 0 Repurchase agreements -- triparty (4) 12,039 - 2,716 + 12,039 16,850 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 16 - 22 - 201 15 Seasonal credit 540 - 29 + 279 543 Extended credit 0 0 0 0 Float 931 - 414 + 995 596 Other F.R. assets 35,537 - 10 + 1,150 35,754 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,811 + 14 + 2,620 29,811 Total factors supplying reserve funds 602,971 - 913 + 28,732 609,475 Currency in circulation* 569,161 + 751 + 33,270 570,369 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 128 + 9 + 70 137 Deposits,other than reserve balances,with F.R.Banks Treasury 4,791 - 315 - 309 4,907 Foreign 94 + 4 - 79 101 Service-related balances and adjustments (5) 6,689 + 136 - 424 6,689 Other 256 + 21 - 37 254 Other F.R. liabilities and capital 15,353 - 96 - 2,903 15,379 Total factors, other than reserve balances, absorbing reserve funds 596,472 + 508 + 29,588 597,835 Reserve balances with F.R. Banks (6) 6,500 - 1,420 - 856 11,640 On August 9, 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 $ 703,572 million, a change of $ - 86 million for the week. The total includes $ 612,565 million of U.S. government securities and $ 91,007 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 $ 17,239 million (daily average over statement week) and $ 16,500 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,896 million (daily average) and $ 16,500 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 882 million (daily average) and $ 595 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 $ 348 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 $ 6,258 million and adjustments of $ 431 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 9, 2000 Aug 2, 2000 Aug 11, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 751 + 6 + 451 Loans 559 - 47 - 1,055 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 16,850 + 4,860 + 16,850 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 6,320 U.S. government securities (2) Bought outright--Bills 190,954 + 43 - 7,856 Notes (3) 231,203 + 2,479 + 21,432 Bonds (4) 88,363 + 476 + 10,479 Total bought outright (5) 510,520 + 2,998 + 24,055 Held under repurchase agreements (1) 0 0 - 5,660 Total U.S. government securities 510,520 + 2,998 + 18,395 Total loans and securities 528,068 + 7,811 + 27,760 Items in process of collection (909) 8,223 - 1,245 + 1,268 Bank premises 1,420 + 2 + 97 Other assets (6) 34,346 + 538 + 670 TOTAL ASSETS (909) 588,054 + 7,112 + 26,246 LIABILITIES Federal Reserve notes 541,446 + 537 + 31,003 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 18,668 + 6,587 - 1,949 U.S. Treasury--general account 4,907 + 193 - 520 Foreign--official accounts 101 + 27 - 64 Other (0) 254 - 9 - 211 Total deposits (0) 23,929 + 6,797 - 2,745 Deferred availability cash items (909) 7,300 - 748 + 439 Other liabilities and accrued dividends (7) 4,866 + 80 + 338 TOTAL LIABILITIES (909) 577,541 + 6,667 + 29,036 CAPITAL ACCOUNTS Capital paid in 6,892 + 10 + 597 Surplus 2,654 + 39 - 3,298 Other capital accounts 967 + 397 - 89 *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 $ 267 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 $ 81 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 595 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 9, 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 150 18,809 + 944 0 0 12,895 0 16 to 90 days 409 108,204 - 753 10 0 3,955 0 91 days to 1 year 0 133,476 + 1,250 0 0 ------ ------ Over 1 to 5 years 126,191 + 1,083 10 0 ------ ------ Over 5 to 10 years 54,047 + 5 120 0 ------ ------ Over 10 years 69,794 + 471 0 0 ------ ------ Total 559 510,520 + 2,998 140 0 16,850 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 348 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 9, 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 751 17 68 50 47 101 100 95 44 26 53 73 77 Loans 559 0 3 0 0 0 17 132 102 161 88 16 39 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 16,850 0 16,850 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 190,954 10,962 73,709 7,953 10,686 11,209 12,710 22,841 7,254 804 6,363 5,650 20,812 Notes (3) 231,203 13,273 89,245 9,630 12,938 13,572 15,389 27,655 8,783 973 7,705 6,841 25,199 Bonds (4) 88,363 5,073 34,108 3,680 4,945 5,187 5,882 10,570 3,357 372 2,945 2,614 9,631 Total bought outright(5) 510,520 29,308 197,062 21,263 28,569 29,969 33,981 61,066 19,393 2,149 17,013 15,105 55,641 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,520 29,308 197,062 21,263 28,569 29,969 33,981 61,066 19,393 2,149 17,013 15,105 55,641 Total loans and securities 528,068 29,316 213,969 21,269 28,577 29,977 34,008 61,214 19,501 2,310 17,106 15,126 55,696 Items in process of collection 9,132 509 1,342 365 285 604 736 891 291 518 611 511 2,469 Bank premises 1,420 94 163 50 156 125 209 105 33 127 49 144 165 Other assets(5) 34,346 1,643 11,559 1,181 2,008 5,093 2,244 3,339 1,033 665 996 1,193 3,391 Interdistrict settlement account 0 + 2,090 +13,828 - 597 + 1,398 - 96 + 843 - 5,735 - 927 - 943 - 1,599 - 4,214 - 4,047 TOTAL ASSETS 588,963 34,423 247,024 22,891 33,190 36,833 39,259 61,379 20,469 2,919 17,682 13,534 59,360 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 4,254 million of inflation-indexed securities valued at the original face amount and $ 267 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 $ 81 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 595 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 9, 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 541,446 31,607 229,915 21,532 30,920 32,236 36,218 57,440 19,165 1,288 16,375 11,029 53,723 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,668 1,477 6,916 486 1,036 1,202 1,106 1,920 645 613 497 1,152 1,617 U.S. Treasury--general account 4,907 0 4,907 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 101 1 77 1 2 8 2 3 1 1 1 1 3 Other 254 0 139 0 2 99 0 8 2 0 2 0 1 Total deposits 23,930 1,479 12,038 488 1,040 1,309 1,108 1,931 648 614 500 1,154 1,621 Deferred credit items 8,209 635 1,078 342 294 630 850 560 220 488 359 370 2,384 Other liabilities and accrued dividends (2) 4,866 257 1,511 197 255 302 331 501 186 67 171 633 454 TOTAL LIABILITIES 578,450 33,978 244,542 22,558 32,509 34,476 38,508 60,432 20,218 2,458 17,405 13,185 58,182 CAPITAL ACCOUNTS Capital paid in 6,892 291 1,500 212 454 1,678 490 607 161 339 181 231 749 Surplus 2,654 120 552 83 185 679 192 241 66 98 75 88 275 Other capital accounts 967 34 431 37 42 0 70 99 25 24 22 30 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 588,963 34,423 247,024 22,891 33,190 36,833 39,259 61,379 20,469 2,919 17,682 13,534 59,360 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 768,797 38,397 309,081 31,482 37,680 51,029 60,065 70,861 24,163 10,061 22,211 33,583 80,183 Less--Held by F.R. Banks 227,351 6,790 79,167 9,950 6,760 18,793 23,846 13,421 4,998 8,774 5,837 22,554 26,461 F.R. notes, net 541,446 31,607 229,915 21,532 30,920 32,236 36,218 57,440 19,165 1,288 16,375 11,029 53,723 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities(3) 526,200 Total collateral 541,446 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.