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 April 27, 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 Apr 26, 2000 Apr 19, 2000 Apr 28, 1999 Apr 26, 2000 Reserve Bank Credit 564,005 + 4,347 + 50,972 583,530 U.S. government securities (1) Bought outright-system account (2,3) 507,391 - 47 + 35,694 507,776 Held under repurchase agreements 0 0 - 3,904 0 Federal agency obligations (1) Bought outright 140 0 - 171 140 Held under repurchase agreements 0 0 - 2,371 0 Repurchase agreements -- triparty (4) 20,477 + 3,853 + 20,477 39,780 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 81 + 26 - 235 123 Seasonal credit 133 + 30 + 82 162 Extended credit 0 0 0 0 Float 610 + 372 - 295 203 Other F.R. assets 35,174 + 115 + 1,696 35,346 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 5,200 - 571 - 3,000 5,200 Treasury currency outstanding 28,450 + 14 + 1,717 28,450 Total factors supplying reserve funds 608,703 + 3,789 + 49,687 628,228 Currency in circulation* 563,674 - 530 + 44,346 564,659 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 201 + 3 + 53 203 Deposits,other than reserve balances,with F.R.Banks Treasury 12,417 + 5,639 + 5,235 29,444 Foreign 90 - 1 - 92 79 Service-related balances and adjustments (5) 6,803 + 17 - 12 6,803 Other 297 + 23 + 56 276 Other F.R. liabilities and capital 19,241 - 28 + 1,937 18,906 Total factors, other than reserve balances, absorbing reserve funds 602,722 + 5,123 + 51,522 620,369 Reserve balances with F.R. Banks (6) 5,981 - 1,334 - 1,834 7,859 On April 26, 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 $ 713,084 million, a change of $ - 1,699 million for the week. The total includes $ 625,588 million of U.S. government securities and $ 87,496 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 $ 17,186 million (daily average over statement week) and $ 16,804 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,186 million (daily average) and $ 16,804 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 205 million (daily average) and $ 1,327 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 $ 276 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 $ 6,536 million and adjustments of $ 267 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 Apr 26, 2000 Apr 19, 2000 Apr 28, 1999 ASSETS Gold certificate account 11,048 0 0 Special drawing rights certificate account 5,200 0 - 3,000 Coin 538 + 7 + 122 Loans 285 + 80 + 219 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 39,780 + 16,005 + 39,780 Federal agency obligations (2) Bought outright 140 0 - 171 Held under repurchase agreements 0 0 - 3,015 U.S. government securities (2) Bought outright--Bills 200,991 - 261 + 1,816 Notes (3) 221,023 + 6 + 21,302 Bonds (4) 85,762 + 2 + 11,032 Total bought outright (5) 507,776 - 253 + 34,149 Held under repurchase agreements (1) 0 0 - 6,730 Total U.S. government securities 507,776 - 253 + 27,419 Total loans and securities 547,981 + 15,832 + 64,233 Items in process of collection (870) 7,878 - 1,205 - 376 Bank premises 1,388 - 2 + 77 Other assets (6) 34,106 + 355 + 1,347 TOTAL ASSETS (870) 608,139 + 14,987 + 62,403 LIABILITIES Federal Reserve notes 536,950 - 286 + 42,344 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,045 - 7,218 - 2,397 U.S. Treasury--general account 29,444 + 23,772 + 20,899 Foreign--official accounts 79 - 58 - 89 Other (0) 276 0 + 39 Total deposits (0) 44,844 + 16,496 + 18,452 Deferred availability cash items (870) 7,439 - 1,168 - 243 Other liabilities and accrued dividends (7) 4,826 - 27 + 596 TOTAL LIABILITIES (870) 594,059 + 15,015 + 61,148 CAPITAL ACCOUNTS Capital paid in 6,751 + 4 + 571 Surplus 6,431 0 + 479 Other capital accounts 898 - 31 + 205 *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 $ 214 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 $ 62 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,804 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,327 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, April 26, 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 262 19,475 + 2,227 0 0 35,770 0 16 to 90 days 23 107,551 + 1,970 0 0 4,010 0 91 days to 1 year 0 135,334 - 4,458 10 0 ------ ------ Over 1 to 5 years 124,897 + 1 10 0 ------ ------ Over 5 to 10 years 52,385 + 5 120 0 ------ ------ Over 10 years 68,135 + 3 0 0 ------ ------ Total 285 507,776 - 253 140 0 39,780 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 276 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 April 26, 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 538 18 31 17 29 67 62 70 31 34 49 60 68 Loans 285 9 0 0 0 1 42 64 74 28 32 7 29 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 39,780 0 39,780 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 200,991 11,539 77,583 8,371 11,248 11,799 13,378 24,041 7,635 846 6,698 5,947 21,906 Notes (3) 221,023 12,689 85,315 9,206 12,369 12,975 14,712 26,438 8,396 930 7,365 6,540 24,089 Bonds (4) 85,762 4,923 33,104 3,572 4,799 5,034 5,709 10,258 3,258 361 2,858 2,538 9,347 Total bought outright(5) 507,776 29,151 196,003 21,149 28,416 29,808 33,799 60,738 19,289 2,138 16,921 15,024 55,342 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,776 29,151 196,003 21,149 28,416 29,808 33,799 60,738 19,289 2,138 16,921 15,024 55,342 Total loans and securities 547,981 29,167 235,837 21,155 28,424 29,817 33,850 60,818 19,368 2,166 16,958 15,035 55,386 Items in process of collection 8,748 423 967 441 354 700 822 578 319 495 423 588 2,637 Bank premises 1,388 94 164 50 157 124 174 106 33 127 50 145 165 Other assets(5) 34,106 1,627 11,397 1,165 2,029 5,230 2,241 3,304 1,020 687 986 1,042 3,378 Interdistrict settlement account 0 + 1,424 + 8,522 - 992 + 1,657 - 1,198 + 1,633 - 2,490 - 856 - 840 - 1,026 - 4,119 - 1,716 TOTAL ASSETS 609,009 33,560 263,413 22,446 33,416 35,837 39,978 63,953 20,442 2,900 17,936 13,496 61,634 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 $ 214 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 $ 62 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,804 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,327 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 April 26, 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 536,950 31,201 224,659 21,083 30,769 30,378 36,081 59,563 19,263 1,461 16,294 10,773 55,425 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,045 1,029 3,300 338 1,090 1,047 1,713 1,987 329 346 660 1,547 1,660 U.S. Treasury--general account 29,444 0 29,444 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 79 1 55 1 2 8 2 3 1 1 1 1 3 Other 276 0 145 1 9 112 1 1 1 0 4 2 1 Total deposits 44,844 1,030 32,943 340 1,100 1,167 1,716 1,990 331 347 665 1,549 1,664 Deferred credit items 8,309 438 923 382 350 547 824 551 309 477 416 553 2,539 Other liabilities and accrued dividends (2) 4,826 280 1,659 214 280 353 357 550 199 72 185 173 503 TOTAL LIABILITIES 594,929 32,949 260,185 22,019 32,500 32,445 38,979 62,654 20,102 2,357 17,560 13,049 60,130 CAPITAL ACCOUNTS Capital paid in 6,751 290 1,492 202 444 1,675 482 616 160 271 181 217 722 Surplus 6,431 289 1,325 199 444 1,691 460 578 158 235 179 211 660 Other capital accounts 898 33 410 25 28 25 56 104 22 37 16 20 121 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 609,009 33,560 263,413 22,446 33,416 35,837 39,978 63,953 20,442 2,900 17,936 13,496 61,634 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 783,981 40,097 313,143 30,600 38,941 50,878 60,312 73,887 24,933 10,562 23,054 34,722 82,852 Less--Held by F.R. Banks 247,031 8,896 88,485 9,517 8,172 20,500 24,230 14,323 5,670 9,101 6,760 23,949 27,427 F.R. notes, net 536,950 31,201 224,659 21,083 30,769 30,378 36,081 59,563 19,263 1,461 16,294 10,773 55,425 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) 520,702 Total collateral 536,950 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.