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 March 9, 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 Mar 8, 2000 Mar 1, 2000 Mar 10, 1999 Mar 8, 2000 Reserve Bank Credit 554,851 - 1,918 + 47,732 559,027 U.S. government securities (1) Bought outright-system account (2,3) 502,147 + 661 + 39,409 502,112 Held under repurchase agreements 0 0 - 5,832 0 Federal agency obligations (1) Bought outright 150 0 - 182 150 Held under repurchase agreements 0 0 - 2,739 0 Repurchase agreements -- triparty (4) 19,736 - 1,597 + 19,736 24,060 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 55 + 24 + 50 28 Seasonal credit 64 + 7 + 50 65 Special Liquidity Facility 14 - 2 + 14 14 Extended credit 0 0 0 0 Float 65 - 838 - 1,069 -236 Other F.R. assets 32,619 - 174 - 1,707 32,833 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 6,200 0 - 2,143 6,200 Treasury currency outstanding 28,139 + 14 + 1,598 28,139 Total factors supplying reserve funds 600,238 - 1,905 + 47,189 604,414 Currency in circulation* 563,191 - 645 + 49,301 564,280 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 159 - 3 + 28 163 Deposits,other than reserve balances,with F.R.Banks Treasury 5,358 + 268 + 271 5,356 Foreign 77 - 15 - 113 85 Service-related balances and adjustments (5) 6,800 - 117 - 158 6,800 Other 234 - 11 - 17 192 Other F.R. liabilities and capital 18,921 + 114 + 2,066 18,862 Total factors, other than reserve balances, absorbing reserve funds 594,740 - 408 + 51,378 595,738 Reserve balances with F.R. Banks (6) 5,498 - 1,497 - 4,190 8,676 On March 8, 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 $ 700,840 million, a change of $ - 3,739 million for the week. The total includes $ 618,793 million of U.S. government securities and $ 82,048 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 $ 16,651 million (daily average over statement week) and $ 16,688 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,651 million (daily average) and $ 16,688 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 994 million (daily average) and $ 261 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 $ 235 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 $ 6,526 million and adjustments of $ 274 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 Mar 8, 2000 Mar 1, 2000 Mar 10, 1999 ASSETS Gold certificate account 11,048 0 + 1 Special drawing rights certificate account 6,200 0 - 2,000 Coin 431 + 12 - 10 Loans 108 0 + 92 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 24,060 - 205 + 24,060 Federal agency obligations (2) Bought outright 150 0 - 161 Held under repurchase agreements 0 0 - 5,402 U.S. government securities (2) Bought outright--Bills 199,012 + 210 - 354 Notes (3) 217,845 + 2 + 26,371 Bonds (4) 85,255 + 1 + 12,474 Total bought outright (5) 502,112 + 213 + 38,491 Held under repurchase agreements (1) 0 0 - 9,498 Total U.S. government securities 502,112 + 213 + 28,993 Total loans and securities 526,430 + 8 + 47,583 Items in process of collection (620) 7,719 - 321 - 516 Bank premises 1,382 + 2 + 80 Other assets (6) 31,362 + 442 - 2,196 TOTAL ASSETS (620) 584,571 + 142 + 42,941 LIABILITIES Federal Reserve notes 536,735 - 92 + 47,413 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,791 - 267 - 7,066 U.S. Treasury--general account 5,356 + 337 + 634 Foreign--official accounts 85 - 14 - 80 Other (0) 192 - 42 - 58 Total deposits (0) 21,425 + 15 - 6,569 Deferred availability cash items (620) 7,549 - 313 + 217 Other liabilities and accrued dividends (7) 4,926 + 274 + 523 TOTAL LIABILITIES (620) 570,635 - 117 + 41,584 CAPITAL ACCOUNTS Capital paid in 6,706 + 5 + 632 Surplus 6,431 + 21 + 494 Other capital accounts 799 + 233 + 231 *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 $ 184 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 $ 51 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,688 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 261 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, March 8, 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 54 11,540 - 4,841 0 0 9,055 0 16 to 90 days 53 108,257 + 4,107 10 0 15,005 0 91 days to 1 year 0 139,631 + 943 10 0 ------ ------ Over 1 to 5 years 123,947 0 10 0 ------ ------ Over 5 to 10 years 50,943 + 2 120 0 ------ ------ Over 10 years 67,794 + 1 0 0 ------ ------ Total 108 502,112 + 213 150 0 24,060 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 235 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 March 8, 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 11,048 533 4,435 319 566 834 724 993 337 140 313 575 1,279 Special drawing rights certif. acct. 6,200 307 2,431 187 299 516 450 549 175 78 175 341 692 Coin 431 10 20 15 21 53 45 54 23 27 35 44 82 Loans 108 7 0 0 0 0 15 44 3 15 7 0 17 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 24,060 0 24,060 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 150 8 60 4 9 11 9 14 5 2 4 7 16 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 199,012 10,291 79,255 5,961 11,520 14,972 12,114 18,691 6,546 2,380 5,968 9,916 21,397 Notes (3) 217,845 11,265 86,756 6,525 12,610 16,388 13,260 20,460 7,166 2,605 6,533 10,855 23,422 Bonds (4) 85,255 4,409 33,952 2,554 4,935 6,414 5,189 8,007 2,804 1,020 2,557 4,248 9,166 Total bought outright(5) 502,112 25,966 199,964 15,039 29,065 37,774 30,563 47,159 16,516 6,005 15,057 25,019 53,985 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 502,112 25,966 199,964 15,039 29,065 37,774 30,563 47,159 16,516 6,005 15,057 25,019 53,985 Total loans and securities 526,430 25,980 224,083 15,044 29,073 37,785 30,587 47,217 16,524 6,022 15,069 25,026 54,019 Items in process of collection 8,338 487 955 353 398 577 798 551 356 518 557 458 2,330 Bank premises 1,382 94 164 50 157 124 166 106 33 128 50 145 164 Other assets(5) 31,362 1,403 10,507 981 1,906 5,168 1,988 2,666 843 755 855 1,226 3,063 Interdistrict settlement account 0 + 5,634 - 3,124 + 4,479 + 703 - 8,853 + 4,978 +13,430 + 2,498 - 4,313 + 829 -15,514 - 748 TOTAL ASSETS 585,191 34,448 239,472 21,428 33,123 36,205 39,736 65,566 20,790 3,355 17,883 12,303 60,881 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 $ 184 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 $ 51 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,688 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 261 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 March 8, 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 536,735 31,700 225,355 20,032 29,600 29,736 36,409 61,174 19,406 1,593 16,273 10,611 54,846 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,791 1,358 2,571 439 1,868 2,035 1,167 2,095 606 669 665 630 1,688 U.S. Treasury--general account 5,356 0 5,356 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 85 1 61 1 2 8 2 3 1 1 1 1 3 Other 192 0 137 1 2 45 1 1 0 0 3 1 1 Total deposits 21,425 1,360 8,125 441 1,872 2,088 1,170 2,099 607 670 669 632 1,692 Deferred credit items 8,169 514 1,017 364 428 592 819 594 255 500 389 355 2,343 Other liabilities and accrued dividends (2) 4,926 266 1,750 174 298 407 343 465 185 99 178 253 507 TOTAL LIABILITIES 571,255 33,840 236,248 21,011 32,198 32,822 38,742 64,331 20,454 2,862 17,508 11,850 59,388 CAPITAL ACCOUNTS Capital paid in 6,706 292 1,492 201 448 1,677 481 593 158 252 180 213 719 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 799 28 407 16 33 15 54 63 20 5 16 30 114 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 585,191 34,448 239,472 21,428 33,123 36,205 39,736 65,566 20,790 3,355 17,883 12,303 60,881 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 796,521 41,689 318,568 29,939 38,801 52,340 60,088 76,585 25,581 10,843 23,758 34,906 83,423 Less--Held by F.R. Banks 259,786 9,989 93,212 9,906 9,200 22,604 23,679 15,411 6,175 9,250 7,486 24,296 28,577 F.R. notes, net 536,735 31,700 225,355 20,032 29,600 29,736 36,409 61,174 19,406 1,593 16,273 10,611 54,846 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 6,200 Other eligible assets 0 U.S. govt. and agency securities(3) 519,487 Total collateral 536,735 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.