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 June 8, 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 Jun 7, 2000 May 31, 2000 Jun 9, 1999 Jun 7, 2000 Reserve Bank Credit 557,277 - 3,013 + 37,616 556,956 U.S. government securities (1) Bought outright-system account (2,3) 506,426 + 235 + 22,523 505,939 Held under repurchase agreements 0 0 - 1,079 0 Federal agency obligations (1) Bought outright 140 0 - 171 140 Held under repurchase agreements 0 0 - 2,407 0 Repurchase agreements -- triparty (4) 16,960 - 3,953 + 16,960 17,620 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 239 + 193 + 235 11 Seasonal credit 325 - 31 + 237 334 Extended credit 0 0 0 0 Float 685 + 483 + 321 200 Other F.R. assets 32,502 + 60 + 996 32,712 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 5,200 0 - 3,000 5,200 Treasury currency outstanding 28,899 + 14 + 1,993 28,899 Total factors supplying reserve funds 602,424 - 2,999 + 36,609 602,102 Currency in circulation* 568,525 + 492 + 39,537 568,985 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 132 - 45 - 4 83 Deposits,other than reserve balances,with F.R.Banks Treasury 4,656 - 224 - 199 5,031 Foreign 83 + 1 - 82 86 Service-related balances and adjustments (5) 7,091 + 345 + 191 7,091 Other 260 + 43 - 2 244 Other F.R. liabilities and capital 15,676 + 320 - 1,754 15,261 Total factors, other than reserve balances, absorbing reserve funds 596,423 + 931 + 37,688 596,780 Reserve balances with F.R. Banks (6) 6,001 - 3,930 - 1,079 5,322 On June 7, 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 $ 696,654 million, a change of $ - 2,528 million for the week. The total includes $ 608,394 million of U.S. government securities and $ 88,261 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 $ 16,717 million (daily average over statement week) and $ 17,205 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,309 million (daily average) and $ 16,205 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,969 million (daily average) and $ 1,925 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 $ 333 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 $ 6,394 million and adjustments of $ 697 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 Jun 7, 2000 May 31, 2000 Jun 9, 1999 ASSETS Gold certificate account 11,048 0 + 1 Special drawing rights certificate account 5,200 0 - 3,000 Coin 636 + 37 + 291 Loans 345 - 86 + 245 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 17,620 - 8,775 + 17,620 Federal agency obligations (2) Bought outright 140 0 - 171 Held under repurchase agreements 0 0 - 3,106 U.S. government securities (2) Bought outright--Bills 197,515 - 808 - 1,489 Notes (3) 223,633 + 2 + 15,638 Bonds (4) 84,791 0 + 7,085 Total bought outright (5) 505,939 - 805 + 21,233 Held under repurchase agreements (1) 0 0 - 425 Total U.S. government securities 505,939 - 805 + 20,808 Total loans and securities 524,044 - 9,666 + 35,396 Items in process of collection (998) 8,775 - 3,210 + 942 Bank premises 1,401 + 1 + 85 Other assets (6) 31,345 + 392 + 979 TOTAL ASSETS (998) 582,449 - 12,447 + 34,695 LIABILITIES Federal Reserve notes 540,805 - 785 + 37,690 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,996 - 8,638 - 1,808 U.S. Treasury--general account 5,031 - 414 + 348 Foreign--official accounts 86 - 24 - 80 Other (0) 244 + 18 - 9 Total deposits (0) 18,357 - 9,059 - 1,549 Deferred availability cash items (998) 8,026 - 2,593 + 655 Other liabilities and accrued dividends (7) 4,887 + 135 + 553 TOTAL LIABILITIES (998) 572,076 - 12,301 + 37,350 CAPITAL ACCOUNTS Capital paid in 6,789 + 8 + 525 Surplus 2,679 0 - 3,273 Other capital accounts 905 - 153 + 94 *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 $ 256 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 $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,925 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, June 7, 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 80 18,827 + 3,336 0 0 13,625 0 16 to 90 days 265 103,196 - 2,388 0 0 3,995 0 91 days to 1 year 0 137,454 - 1,755 10 0 ------ ------ Over 1 to 5 years 125,525 0 10 0 ------ ------ Over 5 to 10 years 53,436 + 1 120 0 ------ ------ Over 10 years 67,500 0 0 0 ------ ------ Total 345 505,939 - 805 140 0 17,620 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 333 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 June 7, 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 11,048 535 4,430 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 5,200 271 2,065 196 246 346 393 502 167 72 156 232 554 Coin 636 23 46 39 35 83 77 85 35 32 56 61 62 Loans 345 1 0 0 0 0 9 96 55 95 55 14 19 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 17,620 0 17,620 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 140 8 54 6 8 8 9 17 5 1 5 4 15 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 197,515 11,339 76,241 8,227 11,053 11,595 13,147 23,626 7,503 831 6,582 5,844 21,527 Notes (3) 223,633 12,838 86,323 9,314 12,515 13,128 14,886 26,750 8,495 941 7,452 6,617 24,374 Bonds (4) 84,791 4,868 32,730 3,532 4,745 4,977 5,644 10,142 3,221 357 2,826 2,509 9,241 Total bought outright(5) 505,939 29,045 195,293 21,073 28,313 29,700 33,677 60,518 19,219 2,130 16,860 14,970 55,142 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 505,939 29,045 195,293 21,073 28,313 29,700 33,677 60,518 19,219 2,130 16,860 14,970 55,142 Total loans and securities 524,044 29,054 212,967 21,078 28,321 29,708 33,695 60,630 19,280 2,226 16,920 14,988 55,176 Items in process of collection 9,773 740 1,173 440 346 793 707 1,178 365 492 637 544 2,359 Bank premises 1,401 94 163 50 157 124 190 105 33 127 50 144 165 Other assets(5) 31,345 1,475 10,388 1,122 1,870 4,941 2,060 2,986 908 652 896 974 3,073 Interdistrict settlement account 0 + 1,508 +10,075 - 348 + 1,898 - 611 + 564 - 3,681 - 576 - 880 - 1,206 - 4,898 - 1,847 TOTAL ASSETS 583,447 33,700 241,308 22,991 33,393 36,134 38,488 62,870 20,571 2,879 17,848 12,560 60,704 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 $ 256 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 $ 77 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,925 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 June 7, 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 540,805 31,341 227,671 21,615 31,139 31,399 35,627 59,026 19,187 1,467 16,447 10,935 54,951 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,996 944 3,251 459 909 1,162 768 1,684 607 432 479 757 1,544 U.S. Treasury--general account 5,031 0 5,031 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 86 1 62 1 2 8 2 3 1 1 1 1 3 Other 244 0 136 0 7 95 0 1 1 0 2 1 1 Total deposits 18,357 946 8,480 460 918 1,265 770 1,688 608 433 481 759 1,547 Deferred credit items 9,024 689 1,021 385 376 703 990 658 325 515 460 352 2,550 Other liabilities and accrued dividends (2) 4,887 284 1,666 216 288 359 363 554 200 74 185 178 519 TOTAL LIABILITIES 573,074 33,259 238,838 22,676 32,722 33,727 37,751 61,926 20,320 2,489 17,573 12,224 59,568 CAPITAL ACCOUNTS Capital paid in 6,789 290 1,499 208 450 1,677 485 609 161 274 181 222 733 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 905 31 419 24 36 25 60 95 24 18 20 27 128 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,447 33,700 241,308 22,991 33,393 36,134 38,488 62,870 20,571 2,879 17,848 12,560 60,704 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 776,881 39,328 312,154 31,005 38,425 50,254 59,488 72,857 24,569 10,362 22,695 34,154 81,591 Less--Held by F.R. Banks 236,076 7,987 84,483 9,390 7,286 18,855 23,860 13,831 5,382 8,895 6,248 23,220 26,640 F.R. notes, net 540,805 31,341 227,671 21,615 31,139 31,399 35,627 59,026 19,187 1,467 16,447 10,935 54,951 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 5,200 Other eligible assets 859 U.S. govt. and agency securities(3) 523,699 Total collateral 540,805 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.