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 June 22, 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 Jun 21, 2000 Jun 14, 2000 Jun 23, 1999 Jun 21, 2000 Reserve Bank Credit 558,964 + 1,654 + 39,803 566,228 U.S. government securities (1) Bought outright-system account (2,3) 508,074 + 546 + 22,776 508,531 Held under repurchase agreements 0 0 - 44 0 Federal agency obligations (1) Bought outright 140 0 - 123 140 Held under repurchase agreements 0 0 - 837 0 Repurchase agreements -- triparty (4) 15,563 + 22 + 15,563 20,970 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 46 + 19 + 20 129 Seasonal credit 395 + 43 + 253 454 Extended credit 0 0 0 0 Float 1,186 + 538 + 836 2,220 Other F.R. assets 33,561 + 487 + 1,359 33,783 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 4,200 - 1,000 - 4,000 4,200 Treasury currency outstanding 29,446 + 14 + 2,475 29,446 Total factors supplying reserve funds 603,658 + 668 + 38,278 610,921 Currency in circulation* 567,316 - 742 + 39,370 567,990 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 68 - 13 - 21 68 Deposits,other than reserve balances,with F.R.Banks Treasury 7,943 + 2,711 + 920 13,668 Foreign 83 + 1 - 128 86 Service-related balances and adjustments (5) 6,918 + 257 - 104 6,918 Other 251 + 14 + 39 238 Other F.R. liabilities and capital 15,571 - 65 - 1,998 15,254 Total factors, other than reserve balances, absorbing reserve funds 598,150 + 2,163 + 38,078 604,220 Reserve balances with F.R. Banks (6) 5,508 - 1,495 + 200 6,701 On June 21, 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 $ 703,684 million, a change of $ + 2,741 million for the week. The total includes $ 615,607 million of U.S. government securities and $ 88,077 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 $ 16,373 million (daily average over statement week) and $ 16,820 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,373 million (daily average) and $ 16,820 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,533 million (daily average) and $ 900 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 $ 334 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 $ 6,381 million and adjustments of $ 537 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 Jun 21, 2000 Jun 14, 2000 Jun 23, 1999 ASSETS Gold certificate account 11,048 0 + 2 Special drawing rights certificate account 4,200 - 1,000 - 4,000 Coin 674 + 13 + 337 Loans 583 + 127 + 289 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,970 + 2,860 + 20,970 Federal agency obligations (2) Bought outright 140 0 - 123 Held under repurchase agreements 0 0 - 1,107 U.S. government securities (2) Bought outright--Bills 197,899 - 474 - 613 Notes (3) 224,689 + 1,056 + 15,840 Bonds (4) 85,943 + 553 + 8,061 Total bought outright (5) 508,531 + 1,135 + 23,288 Held under repurchase agreements (1) 0 0 - 50 Total U.S. government securities 508,531 + 1,135 + 23,238 Total loans and securities 530,224 + 4,121 + 43,267 Items in process of collection (1,028) 9,812 + 1,235 + 2,900 Bank premises 1,403 + 1 + 83 Other assets (6) 32,427 + 553 + 1,348 TOTAL ASSETS (1,028) 589,788 + 4,923 + 43,938 LIABILITIES Federal Reserve notes 539,285 - 745 + 36,828 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,583 - 3,040 + 1,559 U.S. Treasury--general account 13,668 + 8,644 + 6,783 Foreign--official accounts 86 - 21 - 88 Other (-1) 238 - 9 + 39 Total deposits (-1) 27,573 + 5,572 + 8,291 Deferred availability cash items (1,029) 7,676 + 181 + 858 Other liabilities and accrued dividends (7) 4,767 - 77 + 565 TOTAL LIABILITIES (1,028) 579,301 + 4,931 + 46,542 CAPITAL ACCOUNTS Capital paid in 6,863 + 7 + 572 Surplus 2,679 0 - 3,273 Other capital accounts 945 - 15 + 96 *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 $ 257 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 $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,820 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 900 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, June 21, 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 560 18,944 + 4,016 0 0 12,990 0 16 to 90 days 23 108,420 + 317 10 0 7,980 0 91 days to 1 year 0 133,553 - 3,751 0 0 ------ ------ Over 1 to 5 years 125,526 + 1 10 0 ------ ------ Over 5 to 10 years 53,437 0 120 0 ------ ------ Over 10 years 68,652 + 552 0 0 ------ ------ Total 583 508,531 + 1,135 140 0 20,970 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 334 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 June 21, 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. 4,200 219 1,668 158 199 280 317 405 135 58 126 187 448 Coin 674 24 52 39 47 80 83 99 40 31 58 58 63 Loans 583 5 0 0 4 23 11 127 70 117 93 86 48 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,970 0 20,970 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 197,899 11,361 76,390 8,243 11,075 11,617 13,173 23,672 7,518 833 6,595 5,855 21,569 Notes (3) 224,689 12,899 86,730 9,358 12,574 13,190 14,956 26,876 8,535 946 7,488 6,648 24,489 Bonds (4) 85,943 4,934 33,174 3,580 4,809 5,045 5,721 10,280 3,265 362 2,864 2,543 9,367 Total bought outright(5) 508,531 29,194 196,294 21,181 28,458 29,852 33,849 60,828 19,318 2,141 16,947 15,046 55,424 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 508,531 29,194 196,294 21,181 28,458 29,852 33,849 60,828 19,318 2,141 16,947 15,046 55,424 Total loans and securities 530,224 29,207 217,318 21,187 28,470 29,883 33,869 60,971 19,393 2,258 17,044 15,137 55,487 Items in process of collection 10,840 698 1,176 429 485 750 825 1,907 344 616 604 541 2,466 Bank premises 1,403 94 164 50 157 124 191 105 33 127 50 144 165 Other assets(5) 32,427 1,534 10,799 1,161 1,919 5,004 2,188 3,113 946 657 930 990 3,187 Interdistrict settlement account 0 + 1,233 +13,765 - 440 + 1,458 - 125 + 605 - 5,362 - 918 - 1,045 - 1,516 - 5,276 - 2,380 TOTAL ASSETS 590,816 33,544 249,371 22,998 33,255 36,746 38,879 62,301 20,331 2,861 17,637 12,295 60,598 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 $ 257 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 $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,820 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 900 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 June 21, 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 539,285 31,030 227,541 21,730 30,821 31,480 36,010 58,164 19,029 1,372 16,338 10,949 54,820 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,583 1,142 2,787 338 1,130 1,707 914 1,814 577 396 430 520 1,826 U.S. Treasury--general account 13,668 0 13,668 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 86 1 62 1 2 8 2 3 1 1 1 1 3 Other 237 0 136 0 9 87 1 1 0 0 1 0 1 Total deposits 27,573 1,143 16,653 339 1,142 1,802 917 1,818 578 398 433 522 1,830 Deferred credit items 8,704 646 1,074 392 340 710 858 828 273 561 407 314 2,301 Other liabilities and accrued dividends (2) 4,767 278 1,632 213 275 346 356 540 201 76 181 172 497 TOTAL LIABILITIES 580,329 33,098 246,899 22,675 32,577 34,338 38,142 61,349 20,081 2,406 17,359 11,957 59,449 CAPITAL ACCOUNTS Capital paid in 6,863 291 1,499 208 455 1,677 485 610 161 335 181 223 738 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 945 35 421 32 38 27 61 101 24 22 22 27 136 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 590,816 33,544 249,371 22,998 33,255 36,746 38,879 62,301 20,331 2,861 17,637 12,295 60,598 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 774,853 38,871 311,170 31,210 38,030 50,092 59,977 72,147 24,417 10,286 22,528 34,128 81,998 Less--Held by F.R. Banks 235,568 7,841 83,629 9,480 7,209 18,612 23,967 13,983 5,388 8,914 6,190 23,179 27,178 F.R. notes, net 539,285 31,030 227,541 21,730 30,821 31,480 36,010 58,164 19,029 1,372 16,338 10,949 54,820 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities(3) 524,037 Total collateral 539,285 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.