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 May 4, 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 May 3, 2000 Apr 26, 2000 May 5, 1999 May 3, 2000 Reserve Bank Credit 568,555 + 4,550 + 48,069 574,324 U.S. government securities (1) Bought outright-system account (2,3) 506,650 - 741 + 33,079 507,137 Held under repurchase agreements 0 0 - 9,155 0 Federal agency obligations (1) Bought outright 140 0 - 171 140 Held under repurchase agreements 0 0 - 2,900 0 Repurchase agreements -- triparty (4) 26,499 + 6,022 + 26,499 32,515 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 157 + 76 + 147 46 Seasonal credit 179 + 46 + 112 212 Extended credit 0 0 0 0 Float 236 - 373 - 245 -106 Other F.R. assets 34,694 - 480 + 703 34,379 Gold stock 11,048 0 - 2 11,048 Special drawing rights certificate account 5,200 0 - 3,000 5,200 Treasury currency outstanding 28,659 + 14 + 1,902 28,659 Total factors supplying reserve funds 613,463 + 4,564 + 46,970 619,232 Currency in circulation* 563,907 + 38 + 43,260 564,989 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 203 + 2 + 39 205 Deposits,other than reserve balances,with F.R.Banks Treasury 14,439 + 2,022 + 6,551 8,027 Foreign 127 + 37 - 83 71 Service-related balances and adjustments (5) 6,805 + 2 + 19 6,805 Other 268 - 29 - 3 263 Other F.R. liabilities and capital 18,622 - 619 + 1,369 18,266 Total factors, other than reserve balances, absorbing reserve funds 604,370 + 1,452 + 51,152 598,628 Reserve balances with F.R. Banks (6) 9,092 + 3,111 - 4,183 20,604 On May 3, 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 $ 710,978 million, a change of $ - 2,106 million for the week. The total includes $ 625,144 million of U.S. government securities and $ 85,834 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 $ 17,157 million (daily average over statement week) and $ 16,674 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,157 million (daily average) and $ 16,674 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,025 million (daily average) and $ 1,866 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 $ 285 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 $ 270 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 May 3, 2000 Apr 26, 2000 May 5, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 5,200 0 - 3,000 Coin 553 + 15 + 142 Loans 258 - 27 + 168 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 32,515 - 7,265 + 32,515 Federal agency obligations (2) Bought outright 140 0 - 171 Held under repurchase agreements 0 0 - 2,488 U.S. government securities (2) Bought outright--Bills 200,342 - 649 + 1,322 Notes (3) 221,030 + 7 + 21,307 Bonds (4) 85,765 + 3 + 11,034 Total bought outright (5) 507,137 - 639 + 33,663 Held under repurchase agreements (1) 0 0 - 9,705 Total U.S. government securities 507,137 - 639 + 23,958 Total loans and securities 540,050 - 7,931 + 53,983 Items in process of collection (989) 8,110 + 232 - 2,637 Bank premises 1,393 + 5 + 82 Other assets (6) 33,133 - 973 + 462 TOTAL ASSETS (989) 599,488 - 8,651 + 49,032 LIABILITIES Federal Reserve notes 537,088 + 138 + 40,760 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 27,616 + 12,571 + 4,684 U.S. Treasury--general account 8,027 - 21,417 + 3,028 Foreign--official accounts 71 - 8 - 96 Other (0) 263 - 13 - 20 Total deposits (0) 35,978 - 8,866 + 7,598 Deferred availability cash items (989) 8,156 + 717 - 587 Other liabilities and accrued dividends (7) 4,818 - 8 + 407 TOTAL LIABILITIES (989) 586,040 - 8,019 + 48,177 CAPITAL ACCOUNTS Capital paid in 6,755 + 4 + 568 Surplus 6,283 - 148 + 331 Other capital accounts 410 - 488 - 44 *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 $ 221 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 $ 64 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,674 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,866 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, May 3, 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 92 17,346 - 2,129 0 0 30,510 0 16 to 90 days 166 107,052 - 499 0 0 2,005 0 91 days to 1 year 0 137,874 + 2,540 10 0 ------ ------ Over 1 to 5 years 124,338 - 559 10 0 ------ ------ Over 5 to 10 years 52,391 + 6 120 0 ------ ------ Over 10 years 68,137 + 2 0 0 ------ ------ Total 258 507,137 - 639 140 0 32,515 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 285 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 May 3, 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 553 19 36 20 29 75 64 68 34 33 49 61 64 Loans 258 11 0 0 0 10 2 64 68 43 34 1 27 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 32,515 0 32,515 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 200,342 11,501 77,333 8,344 11,211 11,761 13,335 23,964 7,610 843 6,676 5,928 21,835 Notes (3) 221,030 12,689 85,318 9,206 12,369 12,975 14,712 26,438 8,396 930 7,366 6,540 24,090 Bonds (4) 85,765 4,924 33,105 3,572 4,799 5,035 5,709 10,259 3,258 361 2,858 2,538 9,347 Total bought outright(5) 507,137 29,114 195,756 21,122 28,380 29,770 33,756 60,661 19,265 2,135 16,900 15,005 55,273 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,137 29,114 195,756 21,122 28,380 29,770 33,756 60,661 19,265 2,135 16,900 15,005 55,273 Total loans and securities 540,050 29,132 228,325 21,128 28,388 29,788 33,768 60,741 19,338 2,178 16,938 15,010 55,314 Items in process of collection 9,099 510 1,198 483 324 706 905 628 316 516 550 494 2,471 Bank premises 1,393 93 163 50 157 124 181 106 33 127 50 145 164 Other assets(5) 33,133 1,580 11,171 1,132 1,966 5,013 2,175 3,212 980 659 958 1,011 3,275 Interdistrict settlement account 0 + 2,154 - 758 - 749 + 3,241 + 1,308 + 1,963 - 266 - 342 - 464 - 868 - 4,920 - 299 TOTAL ASSETS 600,477 34,296 246,630 22,673 34,871 38,111 40,250 66,054 20,885 3,279 18,174 12,547 62,707 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 $ 221 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 $ 64 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,674 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,866 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 May 3, 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 537,088 31,209 224,698 21,170 30,986 30,440 35,782 59,658 19,283 1,433 16,322 10,756 55,350 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,616 1,698 7,861 434 2,274 3,294 2,197 3,949 747 714 838 801 2,809 U.S. Treasury--general account 8,027 0 8,027 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 71 1 47 1 2 8 2 3 1 1 1 1 3 Other 263 1 140 1 7 106 1 1 0 3 1 1 2 Total deposits 35,978 1,700 16,075 436 2,283 3,408 2,200 3,952 748 718 840 804 2,814 Deferred credit items 9,145 508 1,122 443 426 698 954 667 326 542 460 378 2,622 Other liabilities and accrued dividends (2) 4,818 280 1,663 213 286 346 355 550 199 69 184 173 500 TOTAL LIABILITIES 587,029 33,696 243,559 22,263 33,981 34,892 39,291 64,827 20,556 2,763 17,806 12,110 61,285 CAPITAL ACCOUNTS Capital paid in 6,755 290 1,492 202 444 1,675 482 616 160 271 181 217 725 Surplus 6,283 289 1,325 199 444 1,544 460 578 158 235 179 211 660 Other capital accounts 410 22 254 9 2 0 17 32 11 10 8 9 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 600,477 34,296 246,630 22,673 34,871 38,111 40,250 66,054 20,885 3,279 18,174 12,547 62,707 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 782,353 39,995 312,831 30,698 38,944 50,662 59,960 73,721 24,862 10,529 22,989 34,556 82,607 Less--Held by F.R. Banks 245,265 8,786 88,133 9,528 7,958 20,222 24,178 14,063 5,578 9,095 6,667 23,800 27,257 F.R. notes, net 537,088 31,209 224,698 21,170 30,986 30,440 35,782 59,658 19,283 1,433 16,322 10,756 55,350 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) 520,840 Total collateral 537,088 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.