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 14, 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 13, 2000 Dec 6, 2000 Dec 15, 1999 Dec 13, 2000 Reserve Bank Credit 572,898 + 984 - 11,231 581,607 U.S. government securities (1) Bought outright-system account (2,3) 513,715 + 448 + 17,981 515,115 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) 22,621 - 1,056 - 30,722 27,260 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 65 - 163 5 Seasonal credit 124 + 3 + 64 129 Extended credit 0 0 0 0 Float 1,725 + 1,182 + 1,077 4,128 Other F.R. assets 34,578 + 472 + 626 34,840 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 3,857 3,200 Treasury currency outstanding 30,951 + 14 + 3,043 30,951 Total factors supplying reserve funds 618,094 + 998 - 12,048 626,803 Currency in circulation* 579,644 + 830 - 12,462 582,017 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 403 + 50 + 295 403 Deposits,other than reserve balances,with F.R.Banks Treasury 5,382 + 107 + 109 4,947 Foreign 75 - 6 - 139 72 Service-related balances and adjustments (5) 6,980 + 374 - 358 6,980 Other 244 - 19 + 22 248 Other F.R. liabilities and capital 18,507 + 235 - 136 18,400 Total factors, other than reserve balances, absorbing reserve funds 611,235 + 1,571 - 12,669 613,066 Reserve balances with F.R. Banks (6) 6,859 - 573 + 621 13,737 On December 13, 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 $ 685,553 million, a change of $ - 3,592 million for the week. The total includes $ 585,682 million of U.S. government securities and $ 99,871 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 $ 17,117 million (daily average over statement week) and $ 16,280 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,602 million (daily average) and $ 16,280 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 789 million (daily average) and $ 1,016 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 $ 522 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 $ 6,178 million and adjustments of $ 802 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 13, 2000 Dec 6, 2000 Dec 15, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 3,000 Coin 948 + 34 + 717 Loans 133 - 1 - 1,186 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,260 + 4,735 - 33,405 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,206 - 178 - 13,988 Notes (3) 239,127 + 2,099 + 24,371 Bonds (4) 92,783 + 95 + 9,806 Total bought outright (5) 515,115 + 2,015 + 20,188 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 515,115 + 2,015 + 20,188 Total loans and securities 542,639 + 6,750 - 14,453 Items in process of collection (1,071) 12,048 + 2,670 + 3,123 Bank premises 1,442 + 1 + 87 Other assets (6) 33,331 + 534 + 538 TOTAL ASSETS (1,071) 604,654 + 9,989 - 12,991 LIABILITIES Federal Reserve notes 552,417 + 2,122 - 17,630 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,817 + 8,662 + 7,990 U.S. Treasury--general account 4,947 - 268 - 2,830 Foreign--official accounts 72 - 17 - 424 Other (0) 248 + 4 + 24 Total deposits (0) 26,084 + 8,382 + 4,761 Deferred availability cash items (1,071) 7,752 - 842 - 175 Other liabilities and accrued dividends (7) 4,622 + 225 + 6 TOTAL LIABILITIES (1,071) 590,876 + 9,888 - 13,038 CAPITAL ACCOUNTS Capital paid in 7,103 + 15 + 705 Surplus 2,679 0 - 3,273 Other capital accounts 3,995 + 85 + 2,614 *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 $ 420 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 $ 16,280 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,016 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 13, 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 34 13,288 - 4,125 0 0 10,255 0 16 to 90 days 99 118,117 + 2,827 0 0 17,005 0 91 days to 1 year 0 125,612 + 2,539 0 0 ------ ------ Over 1 to 5 years 131,746 0 130 0 ------ ------ Over 5 to 10 years 55,457 + 773 0 0 ------ ------ Over 10 years 70,895 + 1 0 0 ------ ------ Total 133 515,115 + 2,015 130 0 27,260 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 522 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 13, 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 948 42 78 53 60 116 97 103 53 34 70 87 155 Loans 133 1 0 1 0 0 0 44 24 15 38 8 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,260 0 27,260 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 183,206 10,518 70,718 7,631 10,252 10,755 12,195 21,914 6,959 771 6,105 5,421 19,967 Notes (3) 239,127 13,728 92,303 9,960 13,382 14,037 15,917 28,603 9,084 1,007 7,969 7,075 26,062 Bonds (4) 92,783 5,326 35,814 3,864 5,192 5,447 6,176 11,098 3,525 391 3,092 2,745 10,112 Total bought outright(5) 515,115 29,572 198,836 21,455 28,826 30,238 34,287 61,615 19,568 2,168 17,166 15,241 56,142 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 515,115 29,572 198,836 21,455 28,826 30,238 34,287 61,615 19,568 2,168 17,166 15,241 56,142 Total loans and securities 542,639 29,581 226,146 21,461 28,834 30,246 34,296 61,675 19,597 2,184 17,208 15,253 56,159 Items in process of collection 13,120 670 1,447 621 483 984 1,204 1,353 793 656 833 1,523 2,553 Bank premises 1,442 94 166 50 154 126 235 104 34 126 49 138 166 Other assets(5) 33,331 1,572 11,270 1,196 1,944 5,085 2,171 3,205 978 664 962 1,019 3,264 Interdistrict settlement account 0 + 1,631 + 9,854 - 3 + 1,858 + 1,055 + 1,888 - 2,463 - 744 - 363 - 750 - 7,490 - 4,473 TOTAL ASSETS 605,725 34,292 254,660 23,912 34,005 38,576 40,935 65,350 21,172 3,502 18,807 11,186 59,328 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 $ 420 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 $ 16,280 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,016 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 13, 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 552,417 31,503 238,357 22,134 31,070 32,955 37,543 60,180 19,194 1,470 16,533 8,986 52,493 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,817 1,177 5,201 574 1,206 1,835 1,130 2,708 1,223 959 1,240 1,173 2,391 U.S. Treasury--general account 4,947 0 4,947 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 72 1 48 1 2 8 2 3 1 1 1 1 3 Other 248 3 135 2 2 62 2 2 1 1 31 2 5 Total deposits 26,084 1,181 10,331 577 1,210 1,905 1,134 2,713 1,225 961 1,272 1,176 2,399 Deferred credit items 8,824 599 1,120 515 468 765 894 625 273 504 454 280 2,328 Other liabilities and accrued dividends (2) 4,622 258 1,497 197 256 330 344 498 182 74 173 353 461 TOTAL LIABILITIES 591,947 33,541 251,306 23,423 33,005 35,954 39,914 64,016 20,873 3,009 18,431 10,795 57,681 CAPITAL ACCOUNTS Capital paid in 7,103 358 1,552 228 499 1,678 494 631 138 368 178 187 792 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 3,995 273 1,250 178 315 238 336 463 95 26 124 116 580 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 605,725 34,292 254,660 23,912 34,005 38,576 40,935 65,350 21,172 3,502 18,807 11,186 59,328 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 754,835 37,062 302,514 31,650 36,649 51,063 60,453 71,143 23,318 9,644 21,748 32,424 77,167 Less--Held by F.R. Banks 202,417 5,560 64,157 9,516 5,579 18,108 22,910 10,963 4,124 8,174 5,215 23,438 24,674 F.R. notes, net 552,417 31,503 238,357 22,134 31,070 32,955 37,543 60,180 19,194 1,470 16,533 8,986 52,493 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 0 U.S. govt. and agency securities(3) 538,172 Total collateral 552,417 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.