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 7, 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 6, 1999 Sep 29, 1999 Oct 7, 1998 Oct 6, 1999 Reserve Bank Credit 539,749 + 2,335 + 51,291 540,293 U.S. government securities (1) Bought outright-system account (2,3) 490,373 + 407 + 43,637 491,266 Held under repurchase agreements 2,981 + 110 - 759 2,160 Federal agency obligations (1) Bought outright 229 - 9 - 174 228 Held under repurchase agreements 10,548 + 820 + 7,737 7,110 Repurchase agreements -- triparty (4) 573 + 573 + 573 4,011 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 82 - 19 - 233 142 Seasonal credit 283 - 21 + 151 272 Special Liquidity Facility 1 + 1 + 1 5 Extended credit 0 0 0 0 Float 555 + 329 + 269 896 Other F.R. assets 34,124 + 145 + 88 34,203 Gold stock 11,050 + 2 + 6 11,050 Special drawing rights certificate account 7,200 0 - 2,000 7,200 Treasury currency outstanding 27,277 + 14 + 1,266 27,277 Total factors supplying reserve funds 585,276 + 2,352 + 50,564 585,820 Currency in circulation* 544,944 + 2,541 + 51,008 547,578 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 93 0 + 1 97 Deposits,other than reserve balances,with F.R.Banks Treasury 5,457 - 1,946 - 322 5,259 Foreign 167 - 51 - 27 178 Service-related balances and adjustments (5) 7,393 + 68 + 435 7,393 Other 271 + 48 - 152 274 Other F.R. liabilities and capital 18,801 + 195 + 1,120 18,380 Total factors, other than reserve balances, absorbing reserve funds 577,125 + 855 + 52,062 579,159 Reserve balances with F.R. Banks (6) 8,150 + 1,497 - 1,499 6,661 On October 6, 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 613,704 million, a change of -$ 4,291 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 $ 17,182 million (daily average over statement week) and $ 16,290 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,182 million (daily average) and $ 16,290 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,470 million (daily average) and $ 1,611 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 $ 174 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 $ 6,816 million and adjustments of $ 577 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 6, 1999 Sep 29, 1999 Oct 7, 1998 ASSETS Gold certificate account 11,050 + 2 + 6 Special drawing rights certificate account 7,200 0 - 2,000 Coin 298 + 11 - 111 Loans 419 + 1 + 289 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 4,011 + 4,011 + 4,011 Federal agency obligations (2) Bought outright 228 - 10 - 175 Held under repurchase agreements 7,110 - 4,073 + 4,270 U.S. government securities (2) Bought outright--Bills 199,410 + 245 + 3,194 Notes (3) 211,803 + 2 + 27,616 Bonds (4) 80,053 0 + 12,999 Total bought outright (5) 491,266 + 247 + 43,809 Held under repurchase agreements (1) 2,160 - 3,060 - 2,378 Total U.S. government securities 493,426 - 2,813 + 41,431 Total loans and securities 505,194 - 2,884 + 49,826 Items in process of collection (687) 9,050 + 2,072 + 1,010 Bank premises 1,340 + 3 + 44 Other assets (6) 32,829 - 180 - 80 TOTAL ASSETS (687) 566,961 - 976 + 48,695 LIABILITIES Federal Reserve notes 520,697 + 3,498 + 50,317 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,067 - 2,929 - 3,883 U.S. Treasury--general account 5,259 - 2,973 - 32 Foreign--official accounts 178 - 13 - 18 Other (0) 274 + 83 - 153 Total deposits (0) 19,777 - 5,832 - 4,088 Deferred availability cash items (687) 8,106 + 1,463 + 983 Other liabilities and accrued dividends (7) 4,683 - 329 + 177 TOTAL LIABILITIES (687) 553,263 - 1,201 + 47,389 CAPITAL ACCOUNTS Capital paid in 6,333 + 4 + 419 Surplus 5,952 0 + 732 Other capital accounts 1,412 + 220 + 155 *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 $ 144 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 $ 16,290 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,611 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 6, 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 192 14,900 - 4,410 7,140 - 4,083 4,011 0 16 to 90 days 227 99,028 + 1,654 17 0 0 0 91 days to 1 year 0 143,316 + 1,089 51 0 ------ ------ Over 1 to 5 years 121,199 - 1,150 10 0 ------ ------ Over 5 to 10 years 50,205 + 1 120 0 ------ ------ Over 10 years 64,777 0 0 0 ------ ------ Total 419 493,426 - 2,813 7,338 - 4,083 4,011 0 1 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 174 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 6, 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 11,050 533 4,437 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 7,200 357 2,823 217 348 599 523 637 204 90 203 396 803 Coin 298 6 13 14 23 44 36 33 20 12 21 36 38 Loans 419 2 0 0 5 0 110 78 88 64 53 0 19 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 4,011 0 4,011 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 228 12 91 7 13 17 14 21 7 3 7 11 25 Held under repurchase agreements 7,110 0 7,110 0 0 0 0 0 0 0 0 0 0 U.S. government securities(2) Bought outright--Bills 199,410 10,312 79,414 5,973 11,543 15,002 12,138 18,729 6,559 2,385 5,980 9,936 21,440 Notes (3) 211,803 10,953 84,350 6,344 12,260 15,934 12,892 19,893 6,967 2,533 6,352 10,554 22,772 Bonds (4) 80,053 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) 491,266 25,405 195,644 14,714 28,437 36,958 29,903 46,140 16,160 5,875 14,732 24,478 52,819 Held under repurchase agreements 2,160 0 2,160 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 493,426 25,405 197,804 14,714 28,437 36,958 29,903 46,140 16,160 5,875 14,732 24,478 52,819 Total loans and securities 505,194 25,419 209,016 14,721 28,455 36,975 30,027 46,239 16,255 5,942 14,792 24,490 52,863 Items in process of collection 9,736 371 1,210 398 318 712 919 1,159 563 710 543 481 2,353 Bank premises 1,340 93 164 50 156 124 124 107 32 129 51 146 165 Other assets(5) 32,829 1,485 10,837 967 1,946 4,574 2,078 2,951 820 758 836 1,358 4,218 Interdistrict settlement account 0 + 2,671 + 5,933 + 5,066 - 659 - 9,303 + 5,348 +14,880 + 2,547 - 5,584 + 1,099 -22,485 + 487 TOTAL ASSETS 567,648 30,935 234,434 21,752 31,153 34,559 39,779 67,000 20,779 2,197 17,859 4,997 62,205 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 $ 144 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 $ 16,290 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,611 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 6, 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 520,697 28,831 220,422 20,205 28,732 28,811 36,304 62,602 19,192 351 16,322 3,074 55,850 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,067 859 2,707 664 838 1,198 1,239 1,975 769 641 523 816 1,838 U.S. Treasury--general account 5,259 0 5,259 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 178 7 62 4 10 30 10 14 3 5 3 6 24 Other 274 0 139 0 1 120 4 1 4 0 2 2 2 Total deposits 19,778 866 8,167 669 848 1,348 1,253 1,990 775 646 528 824 1,864 Deferred credit items 8,793 393 1,070 314 405 705 999 716 309 679 484 401 2,319 Other liabilities and accrued dividends (2) 4,683 236 1,877 157 258 358 299 414 164 91 160 223 445 TOTAL LIABILITIES 553,950 30,326 231,536 21,345 30,244 31,222 38,855 65,723 20,440 1,766 17,493 4,522 60,478 CAPITAL ACCOUNTS Capital paid in 6,333 289 1,319 194 434 1,631 436 606 157 210 174 213 670 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,412 53 370 37 77 468 69 88 61 19 51 35 86 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 567,648 30,935 234,434 21,752 31,153 34,559 39,779 67,000 20,779 2,197 17,859 4,997 62,205 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 828,182 40,448 330,937 31,407 39,487 55,993 61,437 81,130 26,715 11,580 25,143 37,518 86,386 Less--Held by F.R. Banks 307,485 11,617 110,514 11,203 10,755 27,182 25,132 18,528 7,523 11,229 8,821 34,444 30,536 F.R. notes, net 520,697 28,831 220,422 20,205 28,732 28,811 36,304 62,602 19,192 351 16,322 3,074 55,850 Collateral held against F.R. notes Gold certificate account 11,050 Special drawing rights certificate account 7,200 Other eligible assets 0 U.S. govt. and agency securities(3) 502,447 Total collateral 520,697 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.