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 15, 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 14, 2000 Jun 7, 2000 Jun 16, 1999 Jun 14, 2000 Reserve Bank Credit 557,301 + 25 + 34,779 560,360 U.S. government securities (1) Bought outright-system account (2,3) 507,528 + 1,102 + 22,844 507,396 Held under repurchase agreements 0 0 - 1,851 0 Federal agency obligations (1) Bought outright 140 0 - 123 140 Held under repurchase agreements 0 0 - 2,988 0 Repurchase agreements -- triparty (4) 15,541 - 1,419 + 15,541 18,110 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 27 - 212 + 3 79 Seasonal credit 352 + 27 + 241 378 Extended credit 0 0 0 0 Float 638 - 47 - 57 1,021 Other F.R. assets 33,074 + 573 + 1,168 33,235 Gold stock 11,048 0 + 1 11,048 Special drawing rights certificate account 5,200 0 - 3,000 5,200 Treasury currency outstanding 28,913 + 14 + 1,974 28,913 Total factors supplying reserve funds 602,461 + 39 + 33,754 605,520 Currency in circulation* 567,539 - 986 + 39,287 568,214 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 81 - 51 - 28 68 Deposits,other than reserve balances,with F.R.Banks Treasury 5,232 + 576 - 217 5,024 Foreign 82 - 1 - 165 107 Service-related balances and adjustments (5) 6,661 - 430 - 66 6,661 Other 237 - 23 - 8 247 Other F.R. liabilities and capital 15,636 - 40 - 2,020 15,339 Total factors, other than reserve balances, absorbing reserve funds 595,468 - 955 + 36,783 595,659 Reserve balances with F.R. Banks (6) 6,994 + 995 - 3,028 9,861 On June 14, 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 $ 700,943 million, a change of $ + 4,289 million for the week. The total includes $ 612,448 million of U.S. government securities and $ 88,495 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 $ 16,215 million (daily average over statement week) and $ 16,347 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,215 million (daily average) and $ 16,347 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 885 million (daily average) and $ 1,718 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 $ 334 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 $ 6,393 million and adjustments of $ 268 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 14, 2000 Jun 7, 2000 Jun 16, 1999 ASSETS Gold certificate account 11,048 0 + 1 Special drawing rights certificate account 5,200 0 - 3,000 Coin 661 + 25 + 319 Loans 456 + 111 + 321 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 18,110 + 490 + 18,110 Federal agency obligations (2) Bought outright 140 0 - 123 Held under repurchase agreements 0 0 - 1,457 U.S. government securities (2) Bought outright--Bills 198,373 + 858 + 284 Notes (3) 223,633 0 + 14,790 Bonds (4) 85,390 + 599 + 7,510 Total bought outright (5) 507,396 + 1,457 + 22,584 Held under repurchase agreements (1) 0 0 - 1,430 Total U.S. government securities 507,396 + 1,457 + 21,154 Total loans and securities 526,103 + 2,059 + 38,007 Items in process of collection (932) 8,577 - 198 + 952 Bank premises 1,402 + 1 + 86 Other assets (6) 31,874 + 529 + 1,083 TOTAL ASSETS (932) 584,865 + 2,416 + 37,447 LIABILITIES Federal Reserve notes 540,030 - 775 + 37,517 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,623 + 3,627 + 1,705 U.S. Treasury--general account 5,024 - 7 + 315 Foreign--official accounts 107 + 21 - 88 Other (0) 247 + 3 - 4 Total deposits (0) 22,001 + 3,644 + 1,928 Deferred availability cash items (932) 7,495 - 531 + 30 Other liabilities and accrued dividends (7) 4,844 - 43 + 572 TOTAL LIABILITIES (932) 574,370 + 2,294 + 40,048 CAPITAL ACCOUNTS Capital paid in 6,856 + 67 + 570 Surplus 2,679 0 - 3,273 Other capital accounts 960 + 55 + 102 *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 $ 16,347 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,718 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 14, 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 180 14,928 - 3,899 0 0 10,380 0 16 to 90 days 276 108,103 + 4,907 10 + 10 7,730 0 91 days to 1 year 0 137,304 - 150 0 - 10 ------ ------ Over 1 to 5 years 125,525 0 10 0 ------ ------ Over 5 to 10 years 53,437 + 1 120 0 ------ ------ Over 10 years 68,100 + 600 0 0 ------ ------ Total 456 507,396 + 1,457 140 0 18,110 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 334 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 14, 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 661 23 49 37 44 82 81 95 38 32 58 60 64 Loans 456 2 0 0 0 56 9 104 53 101 54 45 32 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 18,110 0 18,110 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 198,373 11,388 76,572 8,262 11,101 11,645 13,204 23,728 7,536 835 6,611 5,869 21,621 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) 85,390 4,902 32,961 3,557 4,779 5,013 5,684 10,214 3,244 359 2,846 2,526 9,307 Total bought outright(5) 507,396 29,129 195,856 21,133 28,394 29,785 33,774 60,692 19,275 2,136 16,909 15,013 55,301 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,396 29,129 195,856 21,133 28,394 29,785 33,774 60,692 19,275 2,136 16,909 15,013 55,301 Total loans and securities 526,103 29,139 214,020 21,139 28,402 29,850 33,792 60,813 19,333 2,238 16,968 15,062 55,348 Items in process of collection 9,509 590 1,041 478 366 498 833 934 371 629 621 260 2,888 Bank premises 1,402 94 164 50 157 124 190 105 33 127 50 144 165 Other assets(5) 31,874 1,507 10,598 1,144 1,894 4,977 2,090 3,053 928 657 916 975 3,135 Interdistrict settlement account 0 + 1,975 +10,031 - 457 + 1,999 - 144 + 182 - 3,605 - 626 - 703 - 1,217 - 4,661 - 2,774 TOTAL ASSETS 585,797 34,133 242,398 23,001 33,628 36,483 38,362 62,961 20,602 3,210 17,892 12,585 60,541 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 $ 16,347 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,718 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 14, 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 540,030 31,354 228,146 21,562 31,120 31,364 35,299 58,887 19,145 1,413 16,436 10,760 54,543 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,623 1,497 3,890 525 1,197 1,655 1,095 1,902 718 733 575 983 1,853 U.S. Treasury--general account 5,024 0 5,024 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 107 1 83 1 2 8 2 3 1 1 1 1 3 Other 247 0 141 0 8 91 0 1 0 0 2 1 1 Total deposits 22,001 1,498 9,138 526 1,207 1,755 1,098 1,906 719 734 578 985 1,856 Deferred credit items 8,427 555 981 375 347 588 864 670 285 531 411 327 2,493 Other liabilities and accrued dividends (2) 4,844 281 1,652 214 282 353 363 549 200 80 190 176 506 TOTAL LIABILITIES 575,302 33,689 239,918 22,677 32,956 34,060 37,624 62,011 20,350 2,758 17,615 12,247 59,398 CAPITAL ACCOUNTS Capital paid in 6,856 291 1,499 208 450 1,678 485 610 162 335 181 222 735 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 960 34 428 33 36 41 62 99 25 19 21 28 133 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 585,797 34,133 242,398 23,001 33,628 36,483 38,362 62,961 20,602 3,210 17,892 12,585 60,541 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 775,873 39,234 312,169 31,038 38,353 50,117 59,221 72,712 24,502 10,336 22,661 34,022 81,508 Less--Held by F.R. Banks 235,843 7,880 84,022 9,475 7,233 18,752 23,921 13,825 5,356 8,923 6,225 23,262 26,965 F.R. notes, net 540,030 31,354 228,146 21,562 31,120 31,364 35,299 58,887 19,145 1,413 16,436 10,760 54,543 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 5,200 Other eligible assets 0 U.S. govt. and agency securities(3) 523,783 Total collateral 540,030 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.