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 December 7, 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 Dec 6, 2000 Nov 29, 2000 Dec 8, 1999 Dec 6, 2000 Reserve Bank Credit 571,915 - 1,660 - 2,641 570,757 U.S. government securities (1) Bought outright-system account (2,3) 513,267 - 422 + 19,269 513,100 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 51 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 23,677 - 1,043 - 22,077 22,525 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 69 + 21 + 48 13 Seasonal credit 121 - 27 + 60 121 Extended credit 0 0 0 0 Float 544 - 129 - 678 549 Other F.R. assets 34,106 - 60 + 796 34,319 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,937 + 26 + 3,065 30,937 Total factors supplying reserve funds 617,097 - 1,634 - 3,580 615,939 Currency in circulation* 578,814 - 1,230 - 6,402 579,915 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 353 + 38 + 241 403 Deposits,other than reserve balances,with F.R.Banks Treasury 5,275 + 335 + 475 5,215 Foreign 81 + 7 - 105 89 Service-related balances and adjustments (5) 6,606 - 152 - 487 6,606 Other 263 + 34 + 39 244 Other F.R. liabilities and capital 18,272 + 245 - 73 18,074 Total factors, other than reserve balances, absorbing reserve funds 609,664 - 724 - 6,312 610,546 Reserve balances with F.R. Banks (6) 7,433 - 910 + 2,732 5,393 On December 6, 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 $ 689,145 million, a change of $ + 5,122 million for the week. The total includes $ 589,255 million of U.S. government securities and $ 99,890 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 $ 16,942 million (daily average over statement week) and $ 17,141 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,942 million (daily average) and $ 17,141 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 657 million (daily average) and $ 50 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 520 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 $ 6,180 million and adjustments of $ 426 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 Dec 6, 2000 Nov 29, 2000 Dec 8, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 3,200 0 - 4,000 Coin 914 + 22 + 686 Loans 134 - 304 + 36 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 22,525 - 3,105 - 24,500 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,384 - 433 - 15,849 Notes (3) 237,028 - 776 + 23,755 Bonds (4) 92,688 + 1 + 10,450 Total bought outright (5) 513,100 - 1,208 + 18,356 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 513,100 - 1,208 + 18,356 Total loans and securities 535,889 - 4,617 - 6,159 Items in process of collection (833) 9,378 + 2,180 + 420 Bank premises 1,441 0 + 87 Other assets (6) 32,797 - 203 + 716 TOTAL ASSETS (833) 594,665 - 2,617 - 8,252 LIABILITIES Federal Reserve notes 550,295 - 662 - 11,301 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,155 - 4,207 + 1,966 U.S. Treasury--general account 5,215 + 159 + 88 Foreign--official accounts 89 + 16 - 89 Other (0) 244 + 17 + 30 Total deposits (0) 17,702 - 4,016 + 1,993 Deferred availability cash items (833) 8,594 + 1,900 + 1,125 Other liabilities and accrued dividends (7) 4,397 - 12 - 60 TOTAL LIABILITIES (833) 580,988 - 2,790 - 8,244 CAPITAL ACCOUNTS Capital paid in 7,088 + 17 + 676 Surplus 2,679 0 - 3,273 Other capital accounts 3,910 + 156 + 2,590 *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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 418 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 $ 102 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 50 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, December 6, 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 41 17,413 + 1,935 0 0 11,515 0 16 to 90 days 93 115,290 + 979 0 0 11,010 0 91 days to 1 year 0 123,073 - 3,291 0 0 ------ ------ Over 1 to 5 years 131,746 - 835 130 0 ------ ------ Over 5 to 10 years 54,684 + 3 0 0 ------ ------ Over 10 years 70,894 + 1 0 0 ------ ------ Total 134 513,100 - 1,208 130 0 22,525 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 520 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 December 6, 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. 3,200 167 1,271 120 151 213 242 309 103 44 96 143 341 Coin 914 36 77 53 55 114 98 97 50 33 67 83 151 Loans 134 0 1 0 0 0 0 40 21 13 38 21 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 22,525 0 22,525 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 130 7 50 5 7 8 9 16 5 1 4 4 14 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 183,384 10,528 70,787 7,638 10,262 10,765 12,207 21,936 6,966 772 6,111 5,426 19,987 Notes (3) 237,028 13,607 91,493 9,872 13,264 13,914 15,777 28,352 9,004 998 7,899 7,013 25,833 Bonds (4) 92,688 5,321 35,778 3,860 5,187 5,441 6,170 11,087 3,521 390 3,089 2,742 10,102 Total bought outright(5) 513,100 29,456 198,058 21,371 28,714 30,120 34,153 61,374 19,491 2,160 17,099 15,181 55,922 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,100 29,456 198,058 21,371 28,714 30,120 34,153 61,374 19,491 2,160 17,099 15,181 55,922 Total loans and securities 535,889 29,464 220,634 21,376 28,721 30,128 34,162 61,430 19,517 2,174 17,141 15,206 55,937 Items in process of collection 10,212 476 1,126 513 436 815 920 831 461 730 849 619 2,435 Bank premises 1,441 94 166 50 154 126 234 104 34 126 49 138 166 Other assets(5) 32,797 1,545 11,068 1,177 1,915 5,052 2,139 3,137 954 660 944 999 3,207 Interdistrict settlement account 0 + 1,194 +12,360 - 115 + 1,336 + 271 + 2,104 - 2,792 - 1,114 - 247 - 1,087 - 7,183 - 4,728 TOTAL ASSETS 595,499 33,512 251,129 23,588 33,288 37,469 40,702 64,180 20,364 3,678 18,398 10,519 58,672 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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 418 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 $ 102 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 50 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 December 6, 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 550,295 31,327 237,179 21,900 31,019 32,817 37,407 59,883 19,224 1,394 16,622 9,122 52,401 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,155 504 2,564 456 650 935 907 1,734 404 1,089 732 525 1,656 U.S. Treasury--general account 5,215 0 5,215 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 89 1 65 1 2 8 2 3 1 1 1 1 3 Other 244 0 135 2 1 65 1 2 0 1 32 1 3 Total deposits 17,702 505 7,978 459 654 1,008 910 1,738 405 1,091 764 526 1,663 Deferred credit items 9,427 666 1,173 538 396 733 1,022 732 255 629 466 321 2,495 Other liabilities and accrued dividends (2) 4,397 259 1,481 196 253 325 338 495 179 73 170 159 467 TOTAL LIABILITIES 581,821 32,758 247,811 23,094 32,321 34,883 39,677 62,849 20,063 3,187 18,023 10,129 57,027 CAPITAL ACCOUNTS Capital paid in 7,088 358 1,530 236 499 1,678 493 631 138 368 178 187 791 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 3,910 276 1,235 175 283 204 340 459 97 25 123 116 579 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 595,499 33,512 251,129 23,588 33,288 37,469 40,702 64,180 20,364 3,678 18,398 10,519 58,672 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 755,565 37,003 302,489 31,736 36,668 51,226 60,690 71,057 23,367 9,648 21,713 32,538 77,430 Less--Held by F.R. Banks 205,270 5,675 65,310 9,836 5,650 18,409 23,283 11,174 4,143 8,254 5,091 23,416 25,029 F.R. notes, net 550,295 31,327 237,179 21,900 31,019 32,817 37,407 59,883 19,224 1,394 16,622 9,122 52,401 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 295 U.S. govt. and agency securities(3) 535,755 Total collateral 550,295 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.