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 3, 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 2, 2000 Jan 26, 2000 Feb 3, 1999 Feb 2, 2000 Reserve Bank Credit 558,386 - 7,360 + 59,292 554,791 U.S. government securities (1) Bought outright-system account (2,3) 500,503 + 2,925 + 45,442 501,078 Held under repurchase agreements 0 0 - 3,674 0 Federal agency obligations (1) Bought outright 175 - 4 - 161 175 Held under repurchase agreements 0 0 - 2,290 0 Repurchase agreements -- triparty (4) 21,143 - 7,678 + 21,143 19,110 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 82 - 35 - 128 77 Seasonal credit 24 - 3 + 18 27 Special Liquidity Facility 33 + 16 + 33 23 Extended credit 0 0 0 0 Float 991 - 2,378 + 91 -613 Other F.R. assets 35,434 - 203 - 1,183 34,914 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 6,200 0 - 3,000 6,200 Treasury currency outstanding 27,957 + 14 + 1,560 27,957 Total factors supplying reserve funds 603,591 - 7,346 + 57,853 599,996 Currency in circulation* 566,491 - 5,095 + 60,062 566,446 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 126 + 1 + 28 129 Deposits,other than reserve balances,with F.R.Banks Treasury 6,131 - 1,074 - 745 4,896 Foreign 146 + 63 - 73 143 Service-related balances and adjustments (5) 7,228 - 541 - 600 7,228 Other 248 + 11 + 2 266 Other F.R. liabilities and capital 18,344 - 147 + 2,069 17,802 Total factors, other than reserve balances, absorbing reserve funds 598,714 - 6,783 + 60,743 596,909 Reserve balances with F.R. Banks (6) 4,876 - 564 - 2,891 3,087 On February 2, 2000, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was $ 618,213 million, a change of $ + 2,886 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 $ 18,293 million (daily average over statement week) and $ 17,718 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,293 million (daily average) and $ 17,718 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,743 million (daily average) and $ 2,482 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 $ 7,030 million and adjustments of $ 198 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 2, 2000 Jan 26, 2000 Feb 3, 1999 ASSETS Gold certificate account 11,048 0 + 2 Special drawing rights certificate account 6,200 0 - 3,000 Coin 351 + 26 - 108 Loans 127 - 71 - 943 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 19,110 - 5,995 + 19,110 Federal agency obligations (2) Bought outright 175 0 - 161 Held under repurchase agreements 0 0 - 590 U.S. government securities (2) Bought outright--Bills 197,981 + 870 + 1,958 Notes (3) 219,013 + 1 + 30,678 Bonds (4) 84,084 + 1,069 + 13,995 Total bought outright (5) 501,078 + 1,940 + 46,632 Held under repurchase agreements (1) 0 0 - 2,075 Total U.S. government securities 501,078 + 1,940 + 44,557 Total loans and securities 520,490 - 4,127 + 61,973 Items in process of collection (798) 7,756 - 9,366 - 2,821 Bank premises 1,365 - 1 + 65 Other assets (6) 33,523 - 939 - 1,435 TOTAL ASSETS (798) 580,733 - 14,407 + 54,677 LIABILITIES Federal Reserve notes 538,969 - 2,838 + 56,497 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 10,812 - 8,682 - 3,156 U.S. Treasury--general account 4,896 - 3,884 - 499 Foreign--official accounts 143 + 62 - 72 Other (0) 266 + 29 - 9 Total deposits (0) 16,116 - 12,476 - 3,738 Deferred availability cash items (798) 7,845 + 1,466 - 36 Other liabilities and accrued dividends (7) 4,410 - 55 + 485 TOTAL LIABILITIES (798) 567,341 - 13,902 + 53,210 CAPITAL ACCOUNTS Capital paid in 6,650 + 2 + 712 Surplus 6,325 - 107 + 425 Other capital accounts 417 - 401 + 331 *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 $ 17,718 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,482 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 2, 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 79 20,579 + 4,509 25 0 19,110 0 16 to 90 days 48 101,043 + 932 10 0 0 0 91 days to 1 year 0 136,588 - 5,048 10 0 ------ ------ Over 1 to 5 years 124,808 + 478 10 0 ------ ------ Over 5 to 10 years 50,720 0 120 0 ------ ------ Over 10 years 67,340 + 1,069 0 0 ------ ------ Total 127 501,078 + 1,940 175 0 19,110 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 2, 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 351 8 10 12 25 53 40 49 22 18 25 35 55 Loans 127 3 0 1 10 30 15 14 20 8 23 4 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 19,110 0 19,110 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 175 9 70 5 10 13 11 16 6 2 5 9 19 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 197,981 10,238 78,845 5,930 11,460 14,894 12,051 18,594 6,512 2,368 5,937 9,865 21,286 Notes (3) 219,013 11,326 87,221 6,560 12,678 16,476 13,331 20,570 7,204 2,619 6,568 10,913 23,548 Bonds (4) 84,084 4,348 33,486 2,518 4,867 6,326 5,118 7,897 2,766 1,006 2,522 4,190 9,040 Total bought outright(5) 501,078 25,912 199,552 15,008 29,005 37,696 30,500 47,061 16,482 5,993 15,026 24,967 53,874 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 501,078 25,912 199,552 15,008 29,005 37,696 30,500 47,061 16,482 5,993 15,026 24,967 53,874 Total loans and securities 520,490 25,924 218,732 15,014 29,025 37,739 30,526 47,092 16,509 6,003 15,054 24,980 53,893 Items in process of collection 8,555 482 1,152 341 367 719 742 582 336 536 614 414 2,269 Bank premises 1,365 93 164 50 158 125 147 107 33 128 51 146 165 Other assets(5) 33,523 1,520 11,354 972 2,034 5,393 2,120 2,869 917 791 922 1,329 3,302 Interdistrict settlement account 0 + 4,113 + 1,652 + 4,466 - 2,056 - 6,617 + 4,378 +12,376 + 2,016 - 4,508 + 173 -15,563 - 430 TOTAL ASSETS 581,532 32,980 239,930 21,361 30,418 38,762 39,127 64,616 20,343 3,186 17,327 12,257 61,224 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 $ 17,718 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,482 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 2, 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 538,969 31,061 227,546 20,087 28,129 32,256 36,047 61,069 19,271 1,622 15,865 10,741 55,275 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 10,812 575 1,564 300 695 2,099 772 1,335 279 517 495 455 1,727 U.S. Treasury--general account 4,896 0 4,896 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 143 1 119 1 2 8 2 3 1 1 1 1 3 Other 266 0 137 2 4 98 11 2 1 0 3 7 1 Total deposits 16,116 576 6,716 303 701 2,204 785 1,340 280 518 498 463 1,732 Deferred credit items 8,644 501 1,051 402 423 674 1,026 591 291 496 433 389 2,369 Other liabilities and accrued dividends (2) 4,410 242 1,568 161 261 355 304 424 169 89 162 227 447 TOTAL LIABILITIES 568,140 32,380 236,881 20,953 29,514 35,490 38,162 63,424 20,011 2,725 16,959 11,819 59,823 CAPITAL ACCOUNTS Capital paid in 6,650 292 1,480 200 446 1,676 485 579 160 237 179 210 706 Surplus 6,325 289 1,325 199 444 1,596 460 578 158 224 179 211 660 Other capital accounts 417 20 244 9 14 0 19 34 15 0 10 18 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,532 32,980 239,930 21,361 30,418 38,762 39,127 64,616 20,343 3,186 17,327 12,257 61,224 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 807,687 41,862 323,279 30,378 38,151 53,993 60,705 77,671 25,989 11,138 23,913 35,653 84,956 Less--Held by F.R. Banks 268,717 10,801 95,732 10,291 10,022 21,737 24,658 16,601 6,718 9,516 8,048 24,912 29,680 F.R. notes, net 538,969 31,061 227,546 20,087 28,129 32,256 36,047 61,069 19,271 1,622 15,865 10,741 55,275 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 6,200 Other eligible assets 1,358 U.S. govt. and agency securities(3) 520,363 Total collateral 538,969 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.