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 September 14, 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 Sep 13, 2000 Sep 6, 2000 Sep 15, 1999 Sep 13, 2000 Reserve Bank Credit 559,373 - 3,508 + 24,757 559,830 U.S. government securities (1) Bought outright-system account (2,3) 512,218 + 1,095 + 21,569 510,829 Held under repurchase agreements 0 0 - 1,268 0 Federal agency obligations (1) Bought outright 136 - 4 - 102 130 Held under repurchase agreements 0 0 - 8,224 0 Repurchase agreements -- triparty (4) 11,205 - 6,459 + 11,205 11,840 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 32 - 19 8 Seasonal credit 422 - 109 + 154 387 Extended credit 0 0 0 0 Float 1,428 + 1,437 + 480 2,475 Other F.R. assets 33,959 + 563 + 961 34,161 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 4,200 0 - 3,857 4,200 Treasury currency outstanding 30,119 + 14 + 2,752 30,119 Total factors supplying reserve funds 604,737 - 3,494 + 23,651 605,194 Currency in circulation* 571,534 - 659 + 28,908 571,252 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 167 + 1 + 80 162 Deposits,other than reserve balances,with F.R.Banks Treasury 4,627 - 967 - 853 5,348 Foreign 80 + 6 - 149 74 Service-related balances and adjustments (5) 6,589 - 204 - 530 6,589 Other 237 - 11 - 32 188 Other F.R. liabilities and capital 15,278 + 122 - 2,967 14,949 Total factors, other than reserve balances, absorbing reserve funds 598,512 - 1,711 + 24,457 598,561 Reserve balances with F.R. Banks (6) 6,225 - 1,783 - 806 6,633 On September 13, 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 $ 712,875 million, a change of $ - 1,449 million for the week. The total includes $ 616,840 million of U.S. government securities and $ 96,036 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 $ 16,566 million (daily average over statement week) and $ 18,094 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,566 million (daily average) and $ 18,094 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 124 million (daily average) and $ 566 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 $ 425 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 $ 6,260 million and adjustments of $ 329 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 Sep 13, 2000 Sep 6, 2000 Sep 15, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 3,000 Coin 735 + 6 + 452 Loans 395 - 238 + 89 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 11,840 - 4,840 + 11,840 Federal agency obligations (2) Bought outright 130 - 10 - 108 Held under repurchase agreements 0 0 - 13,040 U.S. government securities (2) Bought outright--Bills 186,477 - 2,518 - 12,806 Notes (3) 233,651 + 879 + 21,856 Bonds (4) 90,700 + 21 + 10,649 Total bought outright (5) 510,829 - 1,618 + 19,700 Held under repurchase agreements (1) 0 0 - 1,335 Total U.S. government securities 510,829 - 1,618 + 18,365 Total loans and securities 523,193 - 6,706 + 17,145 Items in process of collection (855) 9,980 - 1,537 + 1,581 Bank premises 1,420 + 1 + 87 Other assets (6) 32,801 + 434 + 871 TOTAL ASSETS (855) 583,375 - 7,803 + 17,137 LIABILITIES Federal Reserve notes 542,030 - 2,312 + 25,514 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,871 - 4,379 - 578 U.S. Treasury--general account 5,348 + 989 - 4,780 Foreign--official accounts 74 - 1 - 168 Other (0) 188 - 59 - 68 Total deposits (0) 18,480 - 3,452 - 5,595 Deferred availability cash items (855) 7,916 - 2,060 + 377 Other liabilities and accrued dividends (7) 4,369 - 58 - 291 TOTAL LIABILITIES (855) 572,794 - 7,883 + 20,004 CAPITAL ACCOUNTS Capital paid in 6,920 + 46 + 608 Surplus 2,679 0 - 3,273 Other capital accounts 982 + 34 - 202 *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 $ 335 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 $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,094 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 566 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, September 13, 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 82 18,333 + 2,874 0 - 10 7,890 0 16 to 90 days 313 110,937 - 816 0 0 3,950 0 91 days to 1 year 0 126,872 - 4,575 0 0 ------ ------ Over 1 to 5 years 130,499 + 898 30 + 20 ------ ------ Over 5 to 10 years 53,075 + 1 100 - 20 ------ ------ Over 10 years 71,113 + 1 0 0 ------ ------ Total 395 510,829 - 1,618 130 - 10 11,840 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 425 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 September 13, 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 735 16 62 47 48 98 100 92 40 23 51 69 89 Loans 395 0 0 6 0 0 16 85 77 109 78 16 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 11,840 0 11,840 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 130 7 50 5 7 8 9 16 5 1 4 4 14 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 186,477 10,705 71,981 7,767 10,435 10,947 12,412 22,305 7,084 785 6,214 5,517 20,324 Notes (3) 233,651 13,414 90,190 9,732 13,075 13,716 15,552 27,948 8,876 984 7,786 6,913 25,465 Bonds (4) 90,700 5,207 35,011 3,778 5,076 5,324 6,037 10,849 3,445 382 3,023 2,684 9,885 Total bought outright(5) 510,829 29,326 197,181 21,276 28,587 29,987 34,002 61,103 19,405 2,150 17,023 15,114 55,675 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,829 29,326 197,181 21,276 28,587 29,987 34,002 61,103 19,405 2,150 17,023 15,114 55,675 Total loans and securities 523,193 29,333 209,071 21,287 28,594 29,994 34,027 61,203 19,487 2,260 17,105 15,134 55,697 Items in process of collection 10,835 604 1,303 608 376 861 1,121 678 358 732 654 786 2,754 Bank premises 1,420 93 163 49 156 124 218 105 33 126 49 138 165 Other assets(5) 32,801 1,556 11,023 1,185 1,919 4,996 2,147 3,184 964 655 946 1,002 3,224 Interdistrict settlement account 0 + 838 +16,223 - 1,166 + 1,218 + 779 + 964 - 5,600 - 871 - 1,246 - 1,549 - 5,298 - 4,294 TOTAL ASSETS 584,231 33,194 243,942 22,582 33,030 37,883 39,695 61,132 20,506 2,767 17,722 12,532 59,245 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 $ 335 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 $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,094 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 566 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 September 13, 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 542,030 31,216 231,168 21,319 30,936 32,404 36,966 57,389 19,150 1,188 16,397 10,845 53,053 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,871 609 2,334 372 748 1,860 761 1,630 704 510 457 860 2,026 U.S. Treasury--general account 5,348 0 5,348 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 74 1 50 1 2 8 2 3 1 1 1 1 3 Other 188 0 134 1 4 40 0 6 0 0 1 1 1 Total deposits 18,480 611 7,865 374 754 1,908 763 1,638 705 511 459 862 2,030 Deferred credit items 8,771 553 1,016 362 377 841 881 649 245 515 426 375 2,532 Other liabilities and accrued dividends (2) 4,369 256 1,488 196 255 308 334 496 182 69 172 160 452 TOTAL LIABILITIES 573,650 32,637 241,537 22,250 32,321 35,461 38,946 60,172 20,282 2,283 17,453 12,242 58,067 CAPITAL ACCOUNTS Capital paid in 6,920 367 1,487 212 468 1,680 490 613 135 357 175 187 749 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 982 70 367 37 56 37 68 106 23 30 20 16 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 584,231 33,194 243,942 22,582 33,030 37,883 39,695 61,132 20,506 2,767 17,722 12,532 59,245 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 765,862 37,828 307,432 31,604 37,575 51,859 60,843 70,415 23,985 9,905 21,938 33,175 79,302 Less--Held by F.R. Banks 223,832 6,612 76,264 10,285 6,640 19,455 23,876 13,027 4,835 8,718 5,541 22,331 26,249 F.R. notes, net 542,030 31,216 231,168 21,319 30,936 32,404 36,966 57,389 19,150 1,188 16,397 10,845 53,053 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 3,985 U.S. govt. and agency securities(3) 522,799 Total collateral 542,030 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.