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 April 20, 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 Apr 19, 2000 Apr 12, 2000 Apr 21, 1999 Apr 19, 2000 Reserve Bank Credit 559,618 + 2,321 + 46,062 567,387 U.S. government securities (1) Bought outright-system account (2,3) 507,438 + 4,845 + 36,875 508,029 Held under repurchase agreements 0 0 - 6,685 0 Federal agency obligations (1) Bought outright 140 - 6 - 171 140 Held under repurchase agreements 0 0 - 2,022 0 Repurchase agreements -- triparty (4) 16,624 - 2,518 + 16,624 23,775 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 55 - 417 - 144 86 Seasonal credit 103 - 2 + 67 119 Extended credit 0 0 0 0 Float 243 + 129 + 140 117 Other F.R. assets 35,015 + 289 + 1,377 35,122 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 5,771 - 429 - 2,429 5,200 Treasury currency outstanding 28,436 + 14 + 1,726 28,436 Total factors supplying reserve funds 604,874 + 1,906 + 45,359 612,072 Currency in circulation* 564,204 - 210 + 44,542 564,940 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 198 + 1 + 53 201 Deposits,other than reserve balances,with F.R.Banks Treasury 6,778 + 1,316 - 12 5,672 Foreign 91 - 34 - 124 137 Service-related balances and adjustments (5) 6,786 - 35 + 69 6,786 Other 274 0 - 9 276 Other F.R. liabilities and capital 19,269 - 384 + 2,000 18,961 Total factors, other than reserve balances, absorbing reserve funds 597,599 + 653 + 46,519 596,972 Reserve balances with F.R. Banks (6) 7,275 + 1,254 - 1,160 15,099 On April 19, 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 $ 714,783 million, a change of $ - 9,653 million for the week. The total includes $ 627,945 million of U.S. government securities and $ 86,838 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 $ 16,918 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,918 million (daily average) and $ 16,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 491 million (daily average) and $ 1,681 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 $ 268 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 $ 6,560 million and adjustments of $ 226 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 Apr 19, 2000 Apr 12, 2000 Apr 21, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 5,200 - 1,000 - 3,000 Coin 531 + 34 + 116 Loans 205 + 57 - 1,203 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 23,775 + 5,475 + 23,775 Federal agency obligations (2) Bought outright 140 0 - 171 Held under repurchase agreements 0 0 - 1,334 U.S. government securities (2) Bought outright--Bills 201,252 + 3,510 + 2,534 Notes (3) 221,017 + 318 + 23,897 Bonds (4) 85,760 + 62 + 11,093 Total bought outright (5) 508,029 + 3,890 + 37,523 Held under repurchase agreements (1) 0 0 - 5,880 Total U.S. government securities 508,029 + 3,890 + 31,643 Total loans and securities 532,149 + 9,422 + 52,710 Items in process of collection (962) 9,083 + 91 + 18 Bank premises 1,390 + 1 + 81 Other assets (6) 33,751 + 215 + 1,383 TOTAL ASSETS (962) 593,152 + 8,763 + 51,307 LIABILITIES Federal Reserve notes 537,236 - 371 + 42,986 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 22,263 + 9,104 + 6,980 U.S. Treasury--general account 5,672 - 161 - 1,018 Foreign--official accounts 137 - 9 - 56 Other (0) 276 - 1 + 36 Total deposits (0) 28,348 + 8,932 + 5,942 Deferred availability cash items (962) 8,607 + 198 + 425 Other liabilities and accrued dividends (7) 4,853 - 3 + 669 TOTAL LIABILITIES (962) 579,044 + 8,757 + 50,021 CAPITAL ACCOUNTS Capital paid in 6,747 + 1 + 581 Surplus 6,431 0 + 479 Other capital accounts 929 + 4 + 225 *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 $ 208 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 $ 60 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,681 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, April 19, 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 184 17,248 + 1,630 0 0 12,780 0 16 to 90 days 21 105,581 + 99 0 0 10,995 0 91 days to 1 year 0 139,792 + 1,214 10 0 ------ ------ Over 1 to 5 years 124,896 + 11 10 0 ------ ------ Over 5 to 10 years 52,380 + 934 120 0 ------ ------ Over 10 years 68,132 + 2 0 0 ------ ------ Total 205 508,029 + 3,890 140 0 23,775 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 268 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 April 19, 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 11,048 535 4,430 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 5,200 271 2,065 196 246 346 393 502 167 72 156 232 554 Coin 531 17 32 20 21 67 54 70 31 47 48 60 63 Loans 205 28 0 0 0 0 2 56 30 21 29 2 37 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 23,775 0 23,775 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 201,252 11,554 77,684 8,382 11,262 11,814 13,396 24,073 7,645 847 6,707 5,955 21,934 Notes (3) 221,017 12,688 85,313 9,205 12,368 12,974 14,711 26,437 8,396 930 7,365 6,539 24,088 Bonds (4) 85,760 4,923 33,104 3,572 4,799 5,034 5,708 10,258 3,258 361 2,858 2,537 9,347 Total bought outright(5) 508,029 29,165 196,100 21,160 28,430 29,822 33,816 60,768 19,299 2,139 16,930 15,031 55,370 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 508,029 29,165 196,100 21,160 28,430 29,822 33,816 60,768 19,299 2,139 16,930 15,031 55,370 Total loans and securities 532,149 29,201 219,929 21,165 28,438 29,831 33,827 60,840 19,334 2,160 16,964 15,037 55,422 Items in process of collection 10,045 589 1,251 351 404 644 819 841 368 590 532 719 2,939 Bank premises 1,390 94 164 50 157 124 174 106 33 127 50 145 165 Other assets(5) 33,751 1,605 11,241 1,178 2,008 5,223 2,216 3,258 994 685 973 1,030 3,342 Interdistrict settlement account 0 + 1,531 + 3,154 - 1,003 + 2,618 + 435 + 1,816 - 1,836 - 384 - 583 - 960 - 3,515 - 1,273 TOTAL ASSETS 594,113 33,843 242,266 22,371 34,411 37,420 40,101 64,845 20,902 3,257 18,102 14,222 62,373 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 $ 208 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 $ 60 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,681 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 April 19, 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 537,236 31,170 224,058 20,888 30,755 30,280 36,616 59,622 19,283 1,572 16,294 10,906 55,791 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 22,263 1,183 6,263 442 1,978 2,626 1,113 2,675 798 524 776 2,160 1,724 U.S. Treasury--general account 5,672 0 5,672 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 137 1 113 1 2 8 2 3 1 1 1 1 3 Other 276 0 140 0 9 118 3 1 1 1 2 1 1 Total deposits 28,348 1,185 12,187 443 1,989 2,751 1,118 2,679 800 527 780 2,161 1,728 Deferred credit items 9,569 593 1,106 394 470 642 1,008 690 278 542 463 532 2,852 Other liabilities and accrued dividends (2) 4,853 283 1,676 217 278 353 359 555 201 74 184 172 503 TOTAL LIABILITIES 580,005 33,231 239,027 21,942 33,492 34,025 39,101 63,546 20,562 2,714 17,720 13,771 60,873 CAPITAL ACCOUNTS Capital paid in 6,747 289 1,492 202 444 1,675 481 616 160 271 181 217 720 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 929 34 421 27 31 28 58 105 22 37 23 23 120 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 594,113 33,843 242,266 22,371 34,411 37,420 40,101 64,845 20,902 3,257 18,102 14,222 62,373 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 784,953 40,168 313,024 30,303 39,042 51,046 60,633 74,037 25,005 10,592 23,120 34,882 83,102 Less--Held by F.R. Banks 247,718 8,998 88,966 9,414 8,287 20,766 24,016 14,414 5,722 9,020 6,826 23,975 27,312 F.R. notes, net 537,236 31,170 224,058 20,888 30,755 30,280 36,616 59,622 19,283 1,572 16,294 10,906 55,791 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 5,200 Other eligible assets 0 U.S. govt. and agency securities(3) 520,987 Total collateral 537,236 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.