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 19, 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 18, 1999 Aug 11, 1999 Aug 19, 1998 Aug 18, 1999 Reserve Bank Credit (1,2) 527,957 + 152 + 48,129 526,576 U.S. government securities Bought outright-system account (3) 487,185 + 1,034 + 45,402 488,290 Held under repurchase agreements 1,052 - 1,134 - 897 665 Federal agency obligations Bought outright 249 0 - 202 249 Held under repurchase agreements 5,647 + 1,233 + 2,715 4,900 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 25 - 192 - 20 20 Seasonal credit 267 + 6 + 11 282 Extended credit 0 0 0 0 Float 321 + 383 - 22 579 Other F.R. assets 33,210 - 1,179 + 1,141 31,590 Gold stock 11,047 0 + 3 11,047 Special drawing rights certificate account 8,200 0 - 1,000 8,200 Treasury currency outstanding 27,102 + 14 + 1,216 27,102 Total factors supplying reserve funds 574,306 + 166 + 48,348 572,925 Currency in circulation* 536,280 + 493 + 48,123 537,014 Treasury cash holdings* 62 + 4 - 70 83 Deposits,other than reserve balances,with F.R.Banks Treasury 5,080 - 20 - 370 4,903 Foreign 207 + 34 + 43 241 Service-related balances and adjustments (4) 7,005 - 110 + 145 7,005 Other 267 - 26 - 87 263 Other F.R. liabilities and capital 17,860 - 396 + 1,014 17,525 Total factors, other than reserve balances, absorbing reserve funds 566,762 - 20 + 48,800 567,034 Reserve balances with F.R. Banks (5) 7,544 + 186 - 451 5,891 On August 18, 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 606,674 million, a change of +$ 3,559 million for the week. The total includes the face value of U.S. Treasury strips and other zero coupon bonds. 1 Net of $ 16,545 million daily average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 16,545 million was with foreign official and international accounts. Includes securities loaned--fully secured by U.S. government securities. 2 Net of $ 15,941 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 15,941 million was with foreign official and international accounts. Includes $ 1,523 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 $ 6,742 million and adjustments of $ 263 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 18, 1999 Aug 11, 1999 Aug 19, 1998 ASSETS Gold certificate account 11,047 0 + 5 Special drawing rights certificate account 8,200 0 - 1,000 Coin 302 + 2 - 108 Loans 302 - 1,312 + 41 Acceptances 0 0 0 Federal agency obligations Bought outright 249 0 - 202 Held under repurchase agreements (1) 4,900 - 1,420 + 1,752 U.S. government securities Bought outright--Bills 199,758 + 948 - 45 Notes (2) 209,573 - 198 + 32,457 Bonds (3) 78,959 + 1,075 + 13,819 Total bought outright (4) 488,290 + 1,825 + 46,231 Held under repurchase agreements (1) 665 - 4,995 - 1,321 Total U.S. government securities 488,955 - 3,170 + 42,924 Total loans and securities 494,407 - 5,901 + 46,503 Items in process of collection (634) 7,081 + 126 + 25 Bank premises 1,323 0 + 29 Other assets (5) 30,364 - 3,312 + 1,144 TOTAL ASSETS (634) 552,725 - 9,083 + 46,599 LIABILITIES Federal Reserve notes 510,297 - 146 + 46,770 Deposits Depository institutions 12,467 - 8,150 - 2,306 U.S. Treasury--general account 4,903 - 524 + 531 Foreign--official accounts 241 + 76 + 81 Other (0) 263 - 202 - 115 Total deposits (0) 17,875 - 8,799 - 1,808 Deferred availability cash items (634) 7,028 + 167 + 672 Other liabilities and accrued dividends (6) 4,186 - 342 - 339 TOTAL LIABILITIES (634) 539,386 - 9,119 + 45,295 CAPITAL ACCOUNTS Capital paid in 6,297 + 2 + 444 Surplus 5,952 0 + 732 Other capital accounts 1,089 + 33 + 127 *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 $ 15,941 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,523 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 18, 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 278 0 Within 15 days 18,796 - 2,410 4,911 - 1,420 16 to 90 days 24 0 16 to 90 days 99,333 + 3,902 27 + 7 Over 90 days 0 0 91 days to 1 year 135,094 - 5,286 41 - 7 Over 1 to 5 years 122,286 - 338 20 0 Over 5 to 10 years 49,748 - 113 150 0 Over 10 years 63,698 + 1,075 0 0 Total 302 0 Total 488,955 - 3,170 5,149 - 1,420 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 18, 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 302 7 10 19 22 40 40 30 17 16 24 47 30 Loans 302 1 0 1 0 0 10 74 70 70 41 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) 4,900 0 4,900 0 0 0 0 0 0 0 0 0 0 U.S. government securities Bought outright--Bills 199,758 10,330 79,553 5,983 11,563 15,028 12,159 18,761 6,571 2,389 5,990 9,953 21,477 Notes (2) 209,573 10,838 83,461 6,277 12,131 15,766 12,757 19,683 6,894 2,506 6,285 10,442 22,533 Bonds (3) 78,959 4,083 31,445 2,365 4,571 5,940 4,806 7,416 2,597 944 2,368 3,934 8,489 Total bought outright(4) 488,290 25,251 194,459 14,625 28,265 36,734 29,722 45,860 16,062 5,840 14,643 24,330 52,499 Held under repurchase agreements(1) 665 0 665 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 488,955 25,251 195,124 14,625 28,265 36,734 29,722 45,860 16,062 5,840 14,643 24,330 52,499 Total loans and securities 494,407 25,265 200,124 14,634 28,279 36,753 29,747 45,958 16,140 5,913 14,691 24,345 52,559 Items in process of collection 7,715 371 982 314 275 461 856 446 436 592 466 415 2,101 Bank premises 1,323 93 158 50 157 124 111 107 31 129 52 147 165 Other assets(5) 30,364 1,374 9,882 869 1,809 4,322 1,930 2,738 763 716 774 1,250 3,937 Interdistrict settlement account 0 - 1,062 + 1,355 + 6,967 - 2,253 -11,200 - 212 +13,501 + 2,483 - 2,844 + 1,921 - 5,948 - 2,709 TOTAL ASSETS 553,359 26,986 220,160 23,418 29,251 32,018 33,793 64,498 20,440 4,766 18,472 21,280 58,276 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 $ 15,941 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes $ 1,523 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 18, 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 510,297 25,365 206,502 22,067 26,849 26,798 30,522 61,194 19,098 3,213 16,997 19,393 52,299 Deposits Depository institutions 12,467 442 3,195 498 988 994 1,168 1,061 439 461 521 856 1,843 U.S. Treasury--general account 4,903 0 4,903 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 241 7 125 4 10 30 10 14 3 5 3 6 24 Other 264 0 138 0 2 105 1 2 3 0 9 2 1 Total deposits 17,875 448 8,361 503 1,000 1,129 1,179 1,077 445 466 533 864 1,868 Deferred credit items 7,662 349 909 293 305 549 922 578 409 571 427 350 1,999 Other liabilities and accrued dividends (1) 4,186 223 1,540 152 242 330 285 392 156 85 154 211 416 TOTAL LIABILITIES 540,020 26,386 217,313 23,015 28,397 28,806 32,908 63,241 20,109 4,335 18,111 20,817 56,582 CAPITAL ACCOUNTS Capital paid in 6,297 287 1,316 194 415 1,631 429 605 158 209 174 211 668 Surplus 5,952 267 1,208 177 399 1,238 418 583 121 202 140 227 972 Other capital accounts 1,089 45 323 34 40 343 37 69 53 20 46 25 54 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 553,359 26,986 220,160 23,418 29,251 32,018 33,793 64,498 20,440 4,766 18,472 21,280 58,276 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 767,675 33,659 304,203 30,861 36,293 52,399 54,512 76,509 26,007 11,474 24,719 37,661 79,378 Less--Held by F.R. Banks 257,379 8,294 97,701 8,794 9,444 25,601 23,990 15,316 6,910 8,261 7,722 18,268 27,079 F.R. notes, net 510,297 25,365 206,502 22,067 26,849 26,798 30,522 61,194 19,098 3,213 16,997 19,393 52,299 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 491,049 Total collateral 510,297 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.