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 30, 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 29, 2000 Mar 22, 2000 Mar 31, 1999 Mar 29, 2000 Reserve Bank Credit 553,961 - 2,476 + 44,461 555,519 U.S. government securities (1) Bought outright-system account (2,3) 501,704 + 1,271 + 36,447 502,762 Held under repurchase agreements 0 0 - 7,863 0 Federal agency obligations (1) Bought outright 150 0 - 161 150 Held under repurchase agreements 0 0 - 3,387 0 Repurchase agreements -- triparty (4) 17,906 - 3,927 + 17,906 18,420 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 63 - 173 + 19 35 Seasonal credit 82 + 11 + 61 89 Special Liquidity Facility 0 0 0 0 Extended credit 0 0 0 0 Float 304 - 19 + 345 1 Other F.R. assets 33,752 + 361 + 1,095 34,062 Gold stock 11,048 0 0 11,048 Special drawing rights certificate account 6,200 0 - 2,000 6,200 Treasury currency outstanding 28,394 + 14 + 1,756 28,394 Total factors supplying reserve funds 599,603 - 2,462 + 44,218 601,161 Currency in circulation* 562,427 - 490 + 46,665 563,665 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 170 + 2 + 35 174 Deposits,other than reserve balances,with F.R.Banks Treasury 5,067 - 608 - 93 5,288 Foreign 117 + 15 - 51 80 Service-related balances and adjustments (5) 6,907 + 186 + 92 6,907 Other 182 - 8 - 45 181 Other F.R. liabilities and capital 19,106 0 + 2,015 18,820 Total factors, other than reserve balances, absorbing reserve funds 593,975 - 904 + 48,618 595,115 Reserve balances with F.R. Banks (6) 5,628 - 1,559 - 4,401 6,047 On March 29, 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 $ 715,486 million, a change of $ - 1,647 million for the week. The total includes $ 630,404 million of U.S. government securities and $ 85,081 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 $ 17,655 million (daily average over statement week) and $ 17,607 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,655 million (daily average) and $ 17,607 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,188 million (daily average) and $ 1,875 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 $ 245 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 $ 6,615 million and adjustments of $ 292 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 29, 2000 Mar 22, 2000 Mar 31, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 6,200 0 - 2,000 Coin 456 + 18 + 28 Loans 124 - 1,505 - 122 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 18,420 - 4,435 + 18,420 Federal agency obligations (2) Bought outright 150 0 - 161 Held under repurchase agreements 0 0 - 5,606 U.S. government securities (2) Bought outright--Bills 198,093 + 707 + 1,334 Notes (3) 219,082 + 1,232 + 24,114 Bonds (4) 85,588 + 331 + 11,629 Total bought outright (5) 502,762 + 2,270 + 37,076 Held under repurchase agreements (1) 0 0 - 12,730 Total U.S. government securities 502,762 + 2,270 + 24,346 Total loans and securities 521,456 - 3,670 + 36,878 Items in process of collection (786) 6,234 - 1,490 - 863 Bank premises 1,384 0 + 81 Other assets (6) 32,676 + 566 + 1,379 TOTAL ASSETS (786) 579,454 - 4,577 + 35,502 LIABILITIES Federal Reserve notes 535,901 - 37 + 44,186 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,771 - 4,485 - 9,770 U.S. Treasury--general account 5,288 + 424 - 86 Foreign--official accounts 80 - 4 - 86 Other (0) 181 - 3 - 54 Total deposits (0) 18,319 - 4,069 - 9,997 Deferred availability cash items (786) 6,413 - 475 - 704 Other liabilities and accrued dividends (7) 4,833 + 22 + 505 TOTAL LIABILITIES (786) 565,467 - 4,557 + 33,992 CAPITAL ACCOUNTS Capital paid in 6,706 + 7 + 584 Surplus 6,431 0 + 487 Other capital accounts 849 - 27 + 438 *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 $ 191 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 $ 54 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,607 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,875 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 29, 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 107 20,153 + 5,877 10 + 10 7,380 0 16 to 90 days 17 103,506 - 690 0 - 10 11,040 0 91 days to 1 year 0 134,851 - 4,480 10 0 ------ ------ Over 1 to 5 years 124,689 + 741 10 0 ------ ------ Over 5 to 10 years 51,437 + 491 120 0 ------ ------ Over 10 years 68,126 + 331 0 0 ------ ------ Total 124 502,762 + 2,270 150 0 18,420 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 245 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 29, 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 456 11 30 19 18 59 47 57 23 30 35 51 75 Loans 124 9 0 0 0 0 1 50 16 21 9 0 18 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 18,420 0 18,420 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 198,093 10,244 78,889 5,933 11,467 14,902 12,058 18,605 6,516 2,369 5,940 9,870 21,298 Notes (3) 219,082 11,329 87,248 6,562 12,681 16,481 13,335 20,576 7,206 2,620 6,570 10,916 23,555 Bonds (4) 85,588 4,426 34,085 2,563 4,954 6,439 5,210 8,038 2,815 1,024 2,567 4,265 9,202 Total bought outright(5) 502,762 25,999 200,222 15,059 29,102 37,823 30,603 47,220 16,538 6,013 15,077 25,051 54,055 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 502,762 25,999 200,222 15,059 29,102 37,823 30,603 47,220 16,538 6,013 15,077 25,051 54,055 Total loans and securities 521,456 26,016 218,702 15,063 29,111 37,834 30,613 47,284 16,558 6,035 15,091 25,059 54,089 Items in process of collection 7,020 416 871 302 305 432 647 513 282 463 427 399 1,963 Bank premises 1,384 94 164 50 157 124 167 106 33 127 50 145 165 Other assets(5) 32,676 1,473 11,086 1,017 1,962 5,256 2,062 2,779 884 770 894 1,291 3,202 Interdistrict settlement account 0 + 4,655 + 327 + 4,633 + 595 - 9,104 + 4,806 +12,223 + 2,137 - 4,504 + 777 -15,402 - 1,143 TOTAL ASSETS 580,240 33,505 238,047 21,590 33,013 35,952 39,515 64,504 20,430 3,139 17,762 12,459 60,324 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 $ 191 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 $ 54 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,607 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,875 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 29, 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 535,901 31,359 224,609 20,317 30,159 29,978 36,324 60,260 19,281 1,689 16,277 10,771 54,878 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,771 834 2,103 368 1,303 1,653 1,018 1,995 390 360 573 591 1,583 U.S. Treasury--general account 5,288 0 5,288 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 80 1 56 1 2 8 2 3 1 1 1 1 3 Other 181 0 138 0 3 33 0 1 1 0 2 1 1 Total deposits 18,319 836 7,585 370 1,308 1,694 1,020 1,999 392 361 576 592 1,587 Deferred credit items 7,199 435 907 314 352 467 841 553 240 481 357 392 1,861 Other liabilities and accrued dividends (2) 4,833 266 1,717 171 285 398 336 457 182 97 176 248 500 TOTAL LIABILITIES 566,253 32,895 234,819 21,172 32,103 32,536 38,521 63,269 20,095 2,627 17,386 12,003 58,826 CAPITAL ACCOUNTS Capital paid in 6,706 289 1,492 202 441 1,677 481 593 160 255 180 217 720 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 849 32 410 17 24 48 53 64 17 22 16 28 117 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 580,240 33,505 238,047 21,590 33,013 35,952 39,515 64,504 20,430 3,139 17,762 12,459 60,324 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 789,660 40,798 315,757 30,013 38,856 51,696 60,391 75,242 25,256 10,693 23,398 34,844 82,715 Less--Held by F.R. Banks 253,759 9,439 91,147 9,696 8,697 21,719 24,067 14,982 5,975 9,004 7,122 24,073 27,837 F.R. notes, net 535,901 31,359 224,609 20,317 30,159 29,978 36,324 60,260 19,281 1,689 16,277 10,771 54,878 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) 518,653 Total collateral 535,901 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.