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 17, 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 Aug 16, 2000 Aug 9, 2000 Aug 18, 1999 Aug 16, 2000 Reserve Bank Credit 558,157 + 221 + 30,180 557,040 U.S. government securities (1) Bought outright-system account (2,3) 510,753 + 2,041 + 23,568 513,023 Held under repurchase agreements 0 0 - 1,052 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 5,647 0 Repurchase agreements -- triparty (4) 10,822 - 1,217 + 10,822 10,020 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 9 - 7 - 16 12 Seasonal credit 539 - 1 + 272 545 Extended credit 0 0 0 0 Float 906 - 29 + 565 288 Other F.R. assets 34,987 - 568 + 1,777 33,011 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,825 + 14 + 2,598 29,825 Total factors supplying reserve funds 603,228 + 235 + 28,777 602,111 Currency in circulation* 569,465 + 304 + 33,059 570,182 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 140 + 12 + 78 156 Deposits,other than reserve balances,with F.R.Banks Treasury 5,226 + 435 + 146 3,943 Foreign 80 - 14 - 127 83 Service-related balances and adjustments (5) 6,825 + 136 - 180 6,825 Other 255 - 1 - 12 259 Other F.R. liabilities and capital 15,246 - 107 - 2,614 14,908 Total factors, other than reserve balances, absorbing reserve funds 597,237 + 765 + 30,350 596,357 Reserve balances with F.R. Banks (6) 5,990 - 532 - 1,574 5,754 On August 16, 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 $ 712,290 million, a change of $ + 8,718 million for the week. The total includes $ 618,520 million of U.S. government securities and $ 93,769 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 $ 17,659 million (daily average over statement week) and $ 16,219 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,409 million (daily average) and $ 16,219 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,876 million (daily average) and $ 1,248 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 400 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 $ 6,157 million and adjustments of $ 668 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 Aug 16, 2000 Aug 9, 2000 Aug 18, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 755 + 4 + 453 Loans 557 - 2 + 255 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 10,020 - 6,830 + 10,020 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 4,900 U.S. government securities (2) Bought outright--Bills 191,328 + 374 - 8,430 Notes (3) 231,764 + 561 + 22,191 Bonds (4) 89,931 + 1,568 + 10,972 Total bought outright (5) 513,023 + 2,503 + 24,733 Held under repurchase agreements (1) 0 0 - 665 Total U.S. government securities 513,023 + 2,503 + 24,068 Total loans and securities 523,741 - 4,327 + 29,334 Items in process of collection (810) 8,159 - 64 + 1,078 Bank premises 1,421 + 1 + 98 Other assets (6) 31,583 - 2,763 + 1,219 TOTAL ASSETS (810) 580,904 - 7,150 + 28,179 LIABILITIES Federal Reserve notes 541,267 - 179 + 30,970 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,238 - 5,430 + 771 U.S. Treasury--general account 3,943 - 964 - 960 Foreign--official accounts 83 - 18 - 158 Other (0) 259 + 5 - 4 Total deposits (0) 17,524 - 6,405 - 351 Deferred availability cash items (810) 7,205 - 95 + 177 Other liabilities and accrued dividends (7) 4,344 - 522 + 158 TOTAL LIABILITIES (810) 570,341 - 7,200 + 30,955 CAPITAL ACCOUNTS Capital paid in 6,904 + 12 + 607 Surplus 2,679 + 25 - 3,273 Other capital accounts 981 + 14 - 108 *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 $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 316 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 $ 83 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,219 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,248 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, August 16, 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 244 21,150 + 2,341 0 0 5,990 0 16 to 90 days 313 107,210 - 994 10 0 4,030 0 91 days to 1 year 0 130,458 - 3,018 0 0 ------ ------ Over 1 to 5 years 131,290 + 5,099 10 0 ------ ------ Over 5 to 10 years 52,397 - 1,650 120 0 ------ ------ Over 10 years 70,519 + 725 0 0 ------ ------ Total 557 513,023 + 2,503 140 0 10,020 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 400 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 August 16, 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 11,046 535 4,428 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 4,200 219 1,668 158 199 280 317 405 135 58 126 187 448 Coin 755 17 67 51 47 104 102 94 43 25 52 72 81 Loans 557 0 1 0 0 0 21 122 94 162 102 16 40 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 10,020 0 10,020 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 191,328 10,984 73,853 7,969 10,707 11,231 12,735 22,886 7,268 805 6,376 5,661 20,853 Notes (3) 231,764 13,305 89,461 9,653 12,970 13,605 15,427 27,722 8,804 976 7,723 6,857 25,260 Bonds (4) 89,931 5,163 34,714 3,746 5,033 5,279 5,986 10,757 3,416 379 2,997 2,661 9,802 Total bought outright(5) 513,023 29,452 198,028 21,368 28,709 30,116 34,148 61,365 19,488 2,160 17,096 15,179 55,914 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,023 29,452 198,028 21,368 28,709 30,116 34,148 61,365 19,488 2,160 17,096 15,179 55,914 Total loans and securities 523,741 29,460 208,103 21,373 28,717 30,124 34,179 61,504 19,587 2,322 17,203 15,199 55,969 Items in process of collection 8,968 517 1,119 412 205 560 955 743 342 489 829 363 2,434 Bank premises 1,421 94 163 50 156 125 210 105 33 127 49 144 165 Other assets(5) 31,583 1,490 10,551 1,071 1,856 4,937 2,064 3,019 924 651 907 1,014 3,099 Interdistrict settlement account 0 + 1,289 +15,564 - 670 + 1,449 + 1,206 + 150 - 6,193 - 1,128 - 1,028 - 1,713 - 5,208 - 3,717 TOTAL ASSETS 581,714 33,621 241,663 22,859 33,150 38,085 38,780 60,741 20,296 2,801 17,792 12,285 59,641 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 $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 316 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 $ 83 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,219 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,248 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 August 16, 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 541,267 31,606 230,313 21,474 30,887 32,226 36,030 57,480 19,141 1,291 16,381 10,871 53,568 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,238 674 2,242 491 1,028 2,584 846 1,217 526 481 523 566 2,060 U.S. Treasury--general account 3,943 0 3,943 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 83 1 60 1 2 8 2 3 1 1 1 1 3 Other 259 0 143 0 4 93 0 7 3 1 2 1 6 Total deposits 17,524 675 6,387 493 1,034 2,684 849 1,227 530 483 526 568 2,069 Deferred credit items 8,015 639 993 362 272 494 827 585 215 501 439 305 2,384 Other liabilities and accrued dividends (2) 4,344 256 1,492 195 249 296 325 495 181 65 168 178 444 TOTAL LIABILITIES 571,150 33,176 239,186 22,524 32,442 35,700 38,031 59,786 20,066 2,339 17,514 11,922 58,464 CAPITAL ACCOUNTS Capital paid in 6,904 291 1,500 212 481 1,678 490 614 136 339 181 233 749 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 981 34 425 39 42 3 67 100 27 25 23 42 153 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,714 33,621 241,663 22,859 33,150 38,085 38,780 60,741 20,296 2,801 17,792 12,285 59,641 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 768,196 38,303 308,948 31,579 37,700 51,134 60,063 70,770 24,139 10,029 22,162 33,478 79,890 Less--Held by F.R. Banks 226,928 6,697 78,635 10,105 6,813 18,908 24,033 13,290 4,998 8,739 5,781 22,607 26,323 F.R. notes, net 541,267 31,606 230,313 21,474 30,887 32,226 36,030 57,480 19,141 1,291 16,381 10,871 53,568 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 2,838 U.S. govt. and agency securities(3) 523,183 Total collateral 541,267 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.