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 July 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 Jul 19, 2000 Jul 12, 2000 Jul 21, 1999 Jul 19, 2000 Reserve Bank Credit 558,319 - 2,198 + 34,945 557,904 U.S. government securities (1) Bought outright-system account (2,3) 507,047 + 1,245 + 20,208 507,093 Held under repurchase agreements 0 0 - 1,607 0 Federal agency obligations (1) Bought outright 140 0 - 114 140 Held under repurchase agreements 0 0 - 1,239 0 Repurchase agreements -- triparty (4) 14,873 - 4,106 + 14,873 14,010 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 31 - 144 + 15 101 Seasonal credit 505 + 21 + 264 536 Extended credit 0 0 0 0 Float 604 + 236 + 352 734 Other F.R. assets 35,118 + 550 + 2,191 35,291 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,316 + 14 + 2,224 29,316 Total factors supplying reserve funds 602,881 - 2,185 + 33,170 602,467 Currency in circulation* 569,652 - 2,920 + 36,594 569,557 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 69 + 2 + 13 99 Deposits,other than reserve balances,with F.R.Banks Treasury 5,333 + 352 + 277 5,922 Foreign 98 + 3 - 100 148 Service-related balances and adjustments (5) 6,592 - 294 - 623 6,592 Other 249 + 13 - 38 225 Other F.R. liabilities and capital 15,339 - 472 - 2,123 14,966 Total factors, other than reserve balances, absorbing reserve funds 597,333 - 3,317 + 34,001 597,509 Reserve balances with F.R. Banks (6) 5,549 + 1,133 - 830 4,958 On July 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 $ 709,116 million, a change of $ + 9,586 million for the week. The total includes $ 621,028 million of U.S. government securities and $ 88,088 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 $ 17,746 million (daily average over statement week) and $ 18,358 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,352 million (daily average) and $ 15,853 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 3,142 million (daily average) and $ 3,385 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 $ 338 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 $ 6,356 million and adjustments of $ 236 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 Jul 19, 2000 Jul 12, 2000 Jul 21, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 688 + 28 + 399 Loans 637 - 124 + 318 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 14,010 - 6,010 + 14,010 Federal agency obligations (2) Bought outright 140 0 - 114 Held under repurchase agreements 0 0 - 1,170 U.S. government securities (2) Bought outright--Bills 192,174 - 1,672 - 6,848 Notes (3) 227,613 + 1,231 + 17,842 Bonds (4) 87,305 + 790 + 9,421 Total bought outright (5) 507,093 + 350 + 20,416 Held under repurchase agreements (1) 0 0 - 415 Total U.S. government securities 507,093 + 350 + 20,001 Total loans and securities 521,879 - 5,785 + 33,043 Items in process of collection (782) 8,004 + 4 + 969 Bank premises 1,413 + 2 + 91 Other assets (6) 33,878 + 421 + 2,056 TOTAL ASSETS (782) 581,108 - 5,330 + 32,557 LIABILITIES Federal Reserve notes 541,028 - 2,577 + 34,216 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,649 - 3,217 - 986 U.S. Treasury--general account 5,922 + 902 + 1,356 Foreign--official accounts 148 + 55 - 21 Other (0) 225 - 40 - 64 Total deposits (0) 17,945 - 2,299 + 285 Deferred availability cash items (782) 7,170 - 125 + 216 Other liabilities and accrued dividends (7) 4,433 - 325 + 405 TOTAL LIABILITIES (782) 570,575 - 5,328 + 35,121 CAPITAL ACCOUNTS Capital paid in 6,877 + 7 + 584 Surplus 2,679 0 - 3,273 Other capital accounts 977 - 9 + 125 *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 $ 259 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 $ 78 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,358 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,385 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, July 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 610 20,814 + 7,009 0 0 10,015 0 16 to 90 days 27 107,367 - 2,512 10 0 3,995 0 91 days to 1 year 0 129,393 - 6,169 0 0 ------ ------ Over 1 to 5 years 126,927 + 1,521 10 0 ------ ------ Over 5 to 10 years 53,439 0 120 0 ------ ------ Over 10 years 69,153 + 500 0 0 ------ ------ Total 637 507,093 + 350 140 0 14,010 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 338 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 July 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 11,046 535 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 688 20 58 50 45 90 90 85 39 26 55 63 66 Loans 637 0 16 0 0 1 92 129 95 156 77 18 54 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 14,010 0 14,010 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 192,174 11,032 74,179 8,004 10,754 11,281 12,792 22,987 7,300 809 6,404 5,686 20,945 Notes (3) 227,613 13,067 87,859 9,480 12,737 13,361 15,151 27,226 8,646 958 7,585 6,735 24,807 Bonds (4) 87,305 5,012 33,700 3,636 4,886 5,125 5,811 10,443 3,316 368 2,909 2,583 9,515 Total bought outright(5) 507,093 29,111 195,739 21,121 28,377 29,768 33,753 60,656 19,263 2,135 16,899 15,004 55,268 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,093 29,111 195,739 21,121 28,377 29,768 33,753 60,656 19,263 2,135 16,899 15,004 55,268 Total loans and securities 521,879 29,119 209,819 21,126 28,385 29,776 33,855 60,802 19,363 2,291 16,980 15,026 55,337 Items in process of collection 8,786 472 1,199 354 356 647 618 577 356 780 628 492 2,307 Bank premises 1,413 94 164 50 157 124 201 105 33 127 50 145 165 Other assets(5) 33,878 1,609 11,298 1,218 1,985 5,160 2,208 3,270 1,009 676 976 1,133 3,337 Interdistrict settlement account 0 + 1,228 +13,491 - 473 + 1,100 - 8 + 1,386 - 5,291 - 1,141 - 989 - 1,482 - 5,015 - 2,806 TOTAL ASSETS 581,891 33,296 242,124 22,897 32,746 36,819 39,477 61,017 20,153 3,127 17,673 12,544 60,016 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 $ 259 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 $ 78 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,358 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,385 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 July 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 541,028 31,324 228,921 21,734 30,826 31,956 36,451 57,567 18,998 1,368 16,312 11,145 54,425 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,649 673 2,062 315 648 1,466 1,067 1,397 423 657 569 620 1,754 U.S. Treasury--general account 5,922 0 5,922 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 148 1 124 1 2 8 2 3 1 1 1 1 3 Other 225 2 139 0 4 68 1 7 0 0 2 1 0 Total deposits 17,945 676 8,248 316 654 1,542 1,070 1,407 424 658 572 621 1,757 Deferred credit items 7,953 592 961 314 336 617 881 593 294 564 345 250 2,205 Other liabilities and accrued dividends (2) 4,433 263 1,524 200 252 299 330 506 185 66 171 181 455 TOTAL LIABILITIES 571,357 32,856 239,654 22,564 32,068 34,415 38,731 60,073 19,901 2,657 17,399 12,198 58,843 CAPITAL ACCOUNTS Capital paid in 6,877 288 1,499 212 453 1,677 488 606 161 335 179 231 749 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 977 32 418 38 40 23 66 97 26 38 20 28 150 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,891 33,296 242,124 22,897 32,746 36,819 39,477 61,017 20,153 3,127 17,673 12,544 60,016 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 771,075 38,469 309,614 31,613 37,673 50,360 60,371 71,193 24,210 10,168 22,365 33,897 81,142 Less--Held by F.R. Banks 230,047 7,144 80,693 9,879 6,847 18,403 23,919 13,626 5,212 8,801 6,054 22,752 26,716 F.R. notes, net 541,028 31,324 228,921 21,734 30,826 31,956 36,451 57,567 18,998 1,368 16,312 11,145 54,425 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 4,539 U.S. govt. and agency securities(3) 521,243 Total collateral 541,028 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.