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 October 19, 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 Oct 18, 2000 Oct 11, 2000 Oct 20, 1999 Oct 18, 2000 Reserve Bank Credit 561,873 + 166 + 17,409 565,646 U.S. government securities (1) Bought outright-system account (2,3) 509,485 - 2,600 + 18,578 510,168 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 68 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 14,330 + 3,391 - 3,793 18,843 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 299 + 263 + 284 12 Seasonal credit 301 - 24 + 77 290 Extended credit 0 0 0 0 Float 1,174 - 1,418 + 621 -150 Other F.R. assets 36,154 + 554 + 1,710 36,352 Gold stock 11,046 0 - 4 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,437 + 14 + 2,883 30,437 Total factors supplying reserve funds 606,556 + 180 + 16,288 610,329 Currency in circulation* 571,907 - 522 + 20,208 571,964 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 256 + 54 + 162 289 Deposits,other than reserve balances,with F.R.Banks Treasury 5,170 - 154 - 251 5,149 Foreign 108 + 19 - 79 87 Service-related balances and adjustments (5) 6,614 - 100 - 482 6,614 Other 250 - 19 - 41 269 Other F.R. liabilities and capital 15,427 + 221 - 2,905 15,652 Total factors, other than reserve balances, absorbing reserve funds 599,732 - 501 + 16,611 600,024 Reserve balances with F.R. Banks (6) 6,824 + 681 - 323 10,305 On October 18, 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 $ 689,632 million, a change of $ - 4,941 million for the week. The total includes $ 593,453 million of U.S. government securities and $ 96,179 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 $ 16,681 million (daily average over statement week) and $ 16,007 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,351 million (daily average) and $ 16,007 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,986 million (daily average) and $ 613 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 $ 434 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 $ 6,353 million and adjustments of $ 261 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 Oct 18, 2000 Oct 11, 2000 Oct 20, 1999 ASSETS Gold certificate account 11,046 0 - 4 Special drawing rights certificate account 3,200 0 - 4,000 Coin 824 + 1 + 507 Loans 303 - 41 + 75 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 18,843 + 7,303 - 4,707 Federal agency obligations (2) Bought outright 130 0 - 68 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 182,609 - 2,505 - 17,060 Notes (3) 235,727 + 1 + 24,457 Bonds (4) 91,833 + 500 + 11,405 Total bought outright (5) 510,168 - 2,005 + 18,801 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 510,168 - 2,005 + 18,801 Total loans and securities 529,444 + 5,257 + 14,101 Items in process of collection (1,107) 8,495 - 6,382 + 839 Bank premises 1,433 + 1 + 91 Other assets (6) 34,914 + 387 + 1,689 TOTAL ASSETS (1,107) 589,355 - 738 + 13,223 LIABILITIES Federal Reserve notes 542,639 - 1,583 + 16,712 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 17,471 + 3,922 - 2,162 U.S. Treasury--general account 5,149 - 1,013 + 224 Foreign--official accounts 87 + 2 - 80 Other (0) 269 + 16 - 42 Total deposits (0) 22,976 + 2,926 - 2,059 Deferred availability cash items (1,107) 8,088 - 2,739 + 909 Other liabilities and accrued dividends (7) 4,295 + 8 - 168 TOTAL LIABILITIES (1,107) 577,998 - 1,388 + 15,394 CAPITAL ACCOUNTS Capital paid in 6,982 + 37 + 645 Surplus 2,679 0 - 3,273 Other capital accounts 1,697 + 614 + 458 *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 $ 343 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 613 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, October 18, 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 286 17,280 - 2,353 0 0 12,843 0 16 to 90 days 16 111,121 - 1,526 0 0 6,000 0 91 days to 1 year 0 125,994 + 1,373 0 0 ------ ------ Over 1 to 5 years 130,581 0 30 0 ------ ------ Over 5 to 10 years 53,529 0 100 0 ------ ------ Over 10 years 71,663 + 500 0 0 ------ ------ Total 303 510,168 - 2,005 130 0 18,843 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 434 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 October 18, 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. 3,200 167 1,271 120 151 213 242 309 103 44 96 143 341 Coin 824 25 68 48 52 103 104 95 41 27 58 66 137 Loans 303 5 0 0 0 1 13 70 68 70 66 10 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 18,843 0 18,843 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 182,609 10,483 70,487 7,606 10,219 10,720 12,155 21,843 6,937 769 6,085 5,403 19,902 Notes (3) 235,727 13,533 90,991 9,818 13,192 13,838 15,691 28,196 8,955 992 7,855 6,975 25,692 Bonds (4) 91,833 5,272 35,448 3,825 5,139 5,391 6,113 10,985 3,488 387 3,060 2,717 10,009 Total bought outright(5) 510,168 29,288 196,926 21,249 28,550 29,948 33,958 61,024 19,380 2,148 17,001 15,095 55,603 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,168 29,288 196,926 21,249 28,550 29,948 33,958 61,024 19,380 2,148 17,001 15,095 55,603 Total loans and securities 529,444 29,300 215,819 21,254 28,557 29,956 33,980 61,109 19,452 2,218 17,072 15,108 55,619 Items in process of collection 9,602 612 1,686 328 504 766 716 613 453 552 576 599 2,197 Bank premises 1,433 94 166 50 156 125 228 105 33 126 49 138 166 Other assets(5) 34,914 1,670 11,767 1,265 2,042 5,242 2,273 3,391 1,036 681 1,011 1,091 3,444 Interdistrict settlement account 0 + 806 +10,780 - 818 + 1,815 + 1,690 + 1,898 - 4,187 - 952 - 531 - 934 - 4,813 - 4,754 TOTAL ASSETS 590,462 33,208 245,984 22,660 33,796 38,845 40,242 62,498 20,527 3,275 18,269 12,846 58,311 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 $ 343 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 613 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 October 18, 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 542,639 30,927 232,086 21,331 30,812 32,629 37,172 57,612 19,116 1,185 16,416 10,995 52,357 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,471 739 3,261 360 1,524 2,470 1,049 2,742 718 936 951 1,026 1,696 U.S. Treasury--general account 5,149 0 5,149 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 87 1 63 1 2 8 2 3 1 1 1 1 3 Other 269 0 161 1 3 98 0 1 0 0 1 1 1 Total deposits 22,976 741 8,634 362 1,529 2,577 1,052 2,745 719 937 953 1,028 1,699 Deferred credit items 9,195 651 1,075 391 471 878 903 624 263 598 440 358 2,541 Other liabilities and accrued dividends (2) 4,295 252 1,469 192 260 307 325 484 177 68 166 156 440 TOTAL LIABILITIES 579,105 32,571 243,264 22,276 33,072 36,390 39,452 61,465 20,275 2,788 17,976 12,538 57,038 CAPITAL ACCOUNTS Capital paid in 6,982 368 1,493 237 460 1,685 491 615 139 357 178 188 772 Surplus 2,679 120 552 83 185 705 192 241 66 98 75 88 275 Other capital accounts 1,697 148 676 64 79 66 108 177 47 32 41 33 226 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 590,462 33,208 245,984 22,660 33,796 38,845 40,242 62,498 20,527 3,275 18,269 12,846 58,311 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 762,123 37,244 305,283 31,852 37,317 52,245 61,106 70,440 23,725 9,798 21,788 32,961 78,362 Less--Held by F.R. Banks 219,484 6,317 73,197 10,520 6,505 19,617 23,934 12,829 4,610 8,613 5,371 21,966 26,005 F.R. notes, net 542,639 30,927 232,086 21,331 30,812 32,629 37,172 57,612 19,116 1,185 16,416 10,995 52,357 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 0 U.S. govt. and agency securities(3) 528,393 Total collateral 542,639 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.