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 August 5, 1999 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 Aug 4, 1999 Jul 28, 1999 Aug 5, 1998 Aug 4, 1999 Reserve Bank Credit (1,2) 527,523 + 1,333 + 46,862 526,733 U.S. government securities Bought outright-system account (3) 485,555 - 1,635 + 44,463 484,987 Held under repurchase agreements 2,733 + 543 - 1,903 440 Federal agency obligations Bought outright 249 - 3 - 277 249 Held under repurchase agreements 3,630 + 993 + 2,355 4,800 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 74 + 56 + 16 36 Seasonal credit 265 + 8 + 27 259 Extended credit 0 0 0 0 Float 769 + 499 + 696 1,805 Other F.R. assets 34,249 + 873 + 1,486 34,157 Gold stock 11,047 0 + 1 11,047 Special drawing rights certificate account 8,200 0 - 1,000 8,200 Treasury currency outstanding 27,000 + 14 + 1,148 27,000 Total factors supplying reserve funds 573,770 + 1,347 + 47,011 572,980 Currency in circulation* 534,344 + 1,600 + 47,449 536,127 Treasury cash holdings* 57 + 4 - 83 58 Deposits,other than reserve balances,with F.R.Banks Treasury 5,105 + 204 - 129 5,622 Foreign 220 + 15 + 59 167 Service-related balances and adjustments (4) 7,012 - 300 + 36 7,012 Other 250 - 24 - 42 272 Other F.R. liabilities and capital 18,272 + 622 + 1,448 17,987 Total factors, other than reserve balances, absorbing reserve funds 565,261 + 2,122 + 48,738 567,244 Reserve balances with F.R. Banks (5) 8,509 - 775 - 1,727 5,735 On August 4, 1999, the face amount of marketable U.S. government securities held in custody by the Federal Reserve Banks for foreign official and international accounts was 608,430 million, a change of +$ 4,189 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 17,799 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 17,799 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 18,368 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 18,368 million was with foreign official and international accounts. Includes $ 1,528 million securities loaned--fully secured U.S. government securities. 3 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 156 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Consists of required clearing balances of $ 6,771 million and adjustments of $ 241 million to compensate for float. 5 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 Aug 4, 1999 Jul 28, 1999 Aug 5, 1998 ASSETS Gold certificate account 11,047 0 + 1 Special drawing rights certificate account 8,200 0 - 1,000 Coin 305 + 5 - 107 Loans 295 + 19 - 241 Acceptances 0 0 0 Federal agency obligations Bought outright 249 0 - 277 Held under repurchase agreements (1) 4,800 + 665 + 2,845 U.S. government securities Bought outright--Bills 197,331 - 2,603 - 2,322 Notes (2) 209,771 0 + 30,884 Bonds (3) 77,884 0 + 14,517 Total bought outright (4) 484,987 - 2,602 + 43,079 Held under repurchase agreements (1) 440 - 1,915 - 90 Total U.S. government securities 485,427 - 4,517 + 42,459 Total loans and securities 490,771 - 3,834 + 45,317 Items in process of collection (628) 9,302 + 2,610 + 920 Bank premises 1,327 - 2 + 38 Other assets (5) 32,879 + 563 + 1,627 TOTAL ASSETS (628) 553,830 - 658 + 46,795 LIABILITIES Federal Reserve notes 509,489 + 1,653 + 46,328 Deposits Depository institutions 12,701 - 3,962 - 1,601 U.S. Treasury--general account 5,622 + 311 + 577 Foreign--official accounts 167 - 154 - 1 Other (0) 272 + 40 - 74 Total deposits (0) 18,763 - 3,765 - 1,097 Deferred availability cash items (628) 7,591 + 905 + 80 Other liabilities and accrued dividends (6) 4,219 - 118 - 414 TOTAL LIABILITIES (628) 540,063 - 1,324 + 44,898 CAPITAL ACCOUNTS Capital paid in 6,300 + 4 + 459 Surplus 5,952 0 + 732 Other capital accounts 1,515 + 662 + 706 *Figures in parentheses are the eliminations made in the consolidation process. 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts of which $ 0 million was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 130 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 26 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 18,368 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,528 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. 6 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, August 4, 1999 Holdings of securities include securitites held under repurchase agreements, which are classified according to remaining maturity. Millions of dollars U.S. government Federal agency Loans Acceptances securities (1) obligations Weekly Weekly Holdings changes Holdings changes Within 15 days 110 0 Within 15 days 15,333 + 1,002 4,800 + 665 16 to 90 days 185 0 16 to 90 days 94,861 - 6,333 31 0 Over 90 days 0 0 91 days to 1 year 140,125 + 583 48 0 Over 1 to 5 years 122,624 + 231 20 0 Over 5 to 10 years 49,861 0 150 0 Over 10 years 62,623 0 0 0 Total 295 0 Total 485,427 - 4,517 5,049 + 665 1 Includes $ 5,108 million of inflation-indexed securities valued at the original face amount and $ 156 million of compensation that adjusts for the effects of inflation on the principal of such securities. Components may not add to totals due to rounding. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 4, 1999 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,047 533 4,434 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 8,200 406 3,215 247 396 683 596 725 232 103 231 451 915 Coin 305 6 13 21 20 40 36 31 18 17 22 46 32 Loans 295 2 11 0 0 0 16 68 56 71 36 2 33 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations Bought outright 249 13 99 7 14 19 15 23 8 3 7 12 27 Held under repurchase agreements(1) 4,800 0 4,800 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 197,331 10,205 78,586 5,910 11,422 14,845 12,011 18,533 6,491 2,360 5,918 9,832 21,216 Notes (2) 209,771 10,848 83,540 6,283 12,143 15,781 12,769 19,702 6,900 2,509 6,291 10,452 22,554 Bonds (3) 77,884 4,028 31,017 2,333 4,508 5,859 4,741 7,315 2,562 931 2,336 3,881 8,374 Total bought outright(4) 484,987 25,080 193,144 14,526 28,073 36,485 29,521 45,550 15,953 5,800 14,544 24,166 52,144 Held under repurchase agreements(1) 440 0 440 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 485,427 25,080 193,584 14,526 28,073 36,485 29,521 45,550 15,953 5,800 14,544 24,166 52,144 Total loans and securities 490,771 25,095 198,494 14,534 28,088 36,504 29,552 45,642 16,017 5,875 14,587 24,180 52,204 Items in process of collection 9,930 491 998 418 295 590 954 480 2,023 589 463 352 2,278 Bank premises 1,327 93 163 50 157 124 111 107 31 129 52 147 164 Other assets(5) 32,879 1,495 10,780 971 1,944 4,494 2,077 2,953 829 745 843 1,555 4,190 Interdistrict settlement account 0 - 902 - 868 + 8,244 - 1,455 -11,705 - 1,208 +10,619 + 2,512 - 3,051 + 2,261 - 1,925 - 2,523 TOTAL ASSETS 554,458 27,217 217,229 24,804 30,011 31,565 32,842 61,550 21,999 4,547 18,773 25,381 58,539 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ 0 was outstanding at the end of the latest statement week. 2 Includes $ 3,938 million of inflation-indexed securities valued at the original face amount and $ 130 million of compensation that adjusts for the effects of inflation on the principal of such securities. 3 Includes $ 1,170 million of inflation-indexed securities valued at the original face amount and $ 26 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Net of $ 18,368 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,528 million securities loaned--fully secured by U.S. government securities. 5 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 0 million in Treasury bills maturing within 90 days. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON August 4, 1999 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 509,489 25,417 204,085 23,554 27,475 26,248 29,490 57,785 19,265 3,097 17,354 23,495 52,225 Deposits Depository institutions 12,701 542 1,832 344 1,040 1,076 1,128 1,419 1,881 300 482 717 1,940 U.S. Treasury--general account 5,622 0 5,622 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 167 7 51 4 10 30 10 14 3 5 3 6 24 Other 272 0 141 1 2 111 1 3 2 0 7 2 1 Total deposits 18,763 549 7,646 349 1,051 1,217 1,140 1,436 1,886 305 493 725 1,965 Deferred credit items 8,219 399 995 329 336 624 993 615 347 598 399 459 2,125 Other liabilities and accrued dividends (1) 4,219 224 1,539 153 248 330 287 400 159 84 156 216 420 TOTAL LIABILITIES 540,690 26,590 214,265 24,385 29,111 28,418 31,911 60,236 21,658 4,084 18,402 24,895 56,736 CAPITAL ACCOUNTS Capital paid in 6,300 287 1,315 194 416 1,631 429 604 158 217 171 210 668 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,515 73 440 49 86 278 84 127 63 43 59 49 164 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 554,458 27,217 217,229 24,804 30,011 31,565 32,842 61,550 21,999 4,547 18,773 25,381 58,539 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 751,635 33,185 298,281 30,721 35,717 51,212 52,503 72,515 25,715 11,492 24,520 37,903 77,872 Less--Held by F.R. Banks 242,145 7,768 94,195 7,167 8,242 24,964 23,012 14,731 6,450 8,395 7,166 14,408 25,647 F.R. notes, net 509,489 25,417 204,085 23,554 27,475 26,248 29,490 57,785 19,265 3,097 17,354 23,495 52,225 Collateral held against F.R. notes Gold certificate account 11,047 Special drawing rights certificate account 8,200 Other eligible assets 0 U.S. govt. and agency securities 490,243 Total collateral 509,489 1 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.