H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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. April 6, 2000 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks 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 5, 2000 Mar 29, 2000 Apr 7, 1999 Apr 5, 2000 Reserve Bank Credit 558,850 + 4,893 + 47,798 558,660 U.S. government securities (1) Bought outright-system account (2,3) 501,789 + 85 + 35,008 501,298 Held under repurchase agreements 0 0 - 9,002 0 Federal agency obligations (1) Bought outright 150 0 - 161 150 Held under repurchase agreements 0 0 - 2,212 0 Repurchase agreements — triparty (4) 22,121 + 4,215 + 22,121 21,555 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 146 + 83 - 22 455 Seasonal credit 88 + 6 + 61 103 Special Liquidity Facility credit 0 0 0 0 Extended credit 0 0 0 0 Float 268 - 33 + 255 580 Other F.R. assets 34,288 + 537 + 1,750 34,520 Gold stock 11,048 0 - 3 11,048 Special drawing rights certificate account 6,200 0 - 2,000 6,200 Treasury currency outstanding 28,408 + 14 + 1,746 28,408 Total factors supplying reserve funds 604,507 + 4,908 + 47,543 604,316 Currency in circulation* 563,551 + 1,124 + 45,168 565,265 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 178 + 8 + 43 197 Deposits, other than reserve balances, with F.R. Banks Treasury 5,057 - 10 - 587 6,440 Foreign 102 - 15 - 143 96 Service-related balances and adjustments (5) 7,065 + 158 + 429 7,065 Other 225 + 43 - 86 275 Other F.R. liabilities and capital 19,655 + 549 + 2,467 19,409 Total factors, other than reserve balances, absorbing reserve funds 595,834 + 1,859 + 47,292 598,747 Reserve balances with F.R. Banks (6) 8,673 + 3,049 + 251 5,570 On April 5, 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 $ 726,704 million, a change of $ + 11,218 million for the week. The total includes $ 640,672 million of U.S. government securities and $ 86,032 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 $ 18,384 million (daily average over statement week) and $ 18,879 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,384 million (daily average) and $ 18,879 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 329 million (daily average) and $ 640 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 $ 251 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 $ 6,614 million and adjustments of $ 451 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.

H.4.1(a) Consolidated Statement of Condition of all Federal Reserve Banks Millions of dollars Change Since Eliminations from Consolidation Wednesday Wednesday Wednesday Apr 5, 2000 Mar 29, 2000 Apr 7, 1999 ASSETS Gold certificate account 11,048 0 - 3 Special drawing rights certificate account 6,200 0 - 2,000 Coin 473 + 17 + 49 Loans 558 + 434 - 500 Acceptances 0 0 0 Repurchase agreements — triparty (1) 21,555 + 3,135 + 21,555 Federal agency obligations (2) Bought outright 150 0 - 161 Held under repurchase agreements 0 0 - 2,096 U.S. government securities (2) Bought outright—Bills 196,622 - 1,471 - 1,136 Notes (3) 219,086 + 4 + 23,661 Bonds (4) 85,589 + 1 + 11,534 Total bought outright (5) 501,298 - 1,464 + 34,061 Held under repurchase agreements 0 0 - 8,910 Total U.S. government securities 501,298 - 1,464 + 25,151 Total loans and securities 523,560 + 2,104 + 43,949 Items in process of collection (647) 8,807 + 2,573 + 504 Bank premises 1,388 + 4 + 84 Other assets (6) 33,125 + 449 + 1,715 TOTAL ASSETS (647) 584,603 + 5,149 + 44,300 LIABILITIES Federal Reserve notes 537,527 + 1,626 + 43,072 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,653 - 118 - 2,315 U.S. Treasury—general account 6,440 + 1,152 + 1,002 Foreign—official accounts 96 + 16 - 87 Other (0) 275 + 94 - 29 Total deposits (0) 19,463 + 1,144 - 1,430 Deferred availability cash items (647) 8,203 + 1,790 + 382 Other liabilities and accrued dividends (7) 4,855 + 22 + 476 TOTAL LIABILITIES (647) 570,049 + 4,582 + 42,502 CAPITAL ACCOUNTS Capital paid in 6,745 + 39 + 622 Surplus 6,431 0 + 479 Other capital accounts 1,378 + 529 + 697 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 $ 196 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 $ 55 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,879 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 640 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. Maturity Distribution of Loans and Securities, April 5, 2000 Millions of dollars U.S. government Federal agency Reverse Repurchase securities (1,2) obligations(2) Repurchase Loans Agreements— Weekly Weekly Agreements— Holdings changes Holdings changes Triparty (3) Triparty (3) Within 15 days 478 11,710 - 8,443 10 0 8,505 0 16 days to 90 days 79 108,743 + 5,237 0 0 13,050 0 91 days to 1 year 0 138,106 + 3,255 10 0 ——— ——— Over 1 year to 5 years ——— 123,170 - 1,519 10 0 ——— ——— Over 5 years to 10 years ——— 51,441 + 4 120 0 ——— ——— Over 10 years ——— 68,128 + 2 0 0 ——— ——— Total 558 501,298 - 1,464 150 0 21,555 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 251 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 5, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,04 8 53 3 4,43 5 31 9 56 6 83 4 72 4 99 3 33 7 14 0 31 3 57 5 1,279 Special drawing rights certif. acct. 6,20 0 30 7 2,43 1 18 7 29 9 51 6 45 0 54 9 17 5 7 8 17 5 34 1 692 Coin 47 3 1 6 3 3 1 8 2 2 5 6 4 9 5 6 2 7 2 9 3 7 5 8 73 Loans 55 8 6 29 5 0 0 2 1 3 15 7 2 8 1 8 2 1 0 9 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 21,55 5 0 21,55 5 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 15 0 8 6 0 4 9 1 1 9 1 4 5 2 4 7 16 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 196,62 2 10,16 8 78,30 4 5,88 9 11,38 1 14,79 2 11,96 8 18,46 7 6,46 8 2,35 2 5,89 6 9,79 7 21,140 Notes (3) 219,08 6 11,33 0 87,25 0 6,56 2 12,68 2 16,48 2 13,33 6 20,57 7 7,20 7 2,62 0 6,57 0 10,91 6 23,555 Bonds (4) 85,58 9 4,42 6 34,08 5 2,56 4 4,95 4 6,43 9 5,21 0 8,03 9 2,81 5 1,02 4 2,56 7 4,26 5 9,202 Total bought outright (5) 501,29 8 25,92 4 199,63 9 15,01 5 29,01 7 37,71 3 30,51 4 47,08 2 16,49 0 5,99 5 15,03 3 24,97 8 53,898 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 501,29 8 25,92 4 199,63 9 15,01 5 29,01 7 37,71 3 30,51 4 47,08 2 16,49 0 5,99 5 15,03 3 24,97 8 53,898 Total loans and securities 523,56 0 25,93 7 221,54 9 15,01 9 29,02 6 37,74 4 30,52 6 47,25 3 16,52 3 6,01 5 15,05 8 24,98 6 53,923 Items in process of collection 9,45 4 57 0 1,20 9 37 3 39 5 81 6 99 1 62 5 34 5 53 3 55 5 45 4 2,587 Bank premises 1,38 8 9 4 16 4 5 0 15 7 12 4 17 4 10 6 3 3 12 7 5 0 14 5 165 Other assets (6) 33,12 5 1,48 8 11,15 8 1,03 0 1,99 9 5,40 3 2,09 7 2,81 7 89 4 79 1 90 6 1,29 9 3,243 Interdistrict settlement account 0 + 4,61 0 - 56 2 + 4,65 4 + 70 0 - 9,37 6 + 4,70 3 +12,07 1 + 2,45 4 - 4,47 1 + 74 8 -14,89 8 - 633 TOTAL ASSETS 585,25 0 33,55 4 240,41 7 21,65 1 33,16 5 36,11 6 39,71 5 64,46 9 20,78 8 3,24 3 17,84 2 12,95 9 61,329 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 $ 196 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 $ 55 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,879 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 640 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 5, 2000 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 537,52 7 31,51 3 225,26 8 20,32 6 30,52 6 30,16 1 36,24 2 60,41 6 19,34 1 1,65 5 16,35 2 10,71 5 55,012 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,65 3 60 7 2,29 1 37 8 98 8 1,29 9 1,07 7 1,59 3 65 7 45 2 53 6 1,11 3 1,662 U.S. Treasury—general account 6,44 0 0 6,44 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 9 6 1 7 2 1 2 8 2 3 1 1 1 1 3 Other 27 5 0 13 8 0 7 12 0 2 1 0 0 4 1 1 Total deposits 19,46 3 60 9 8,94 1 38 0 99 7 1,42 7 1,08 2 1,59 6 65 8 45 3 54 0 1,11 4 1,666 Deferred credit items 8,85 0 53 9 1,14 3 33 9 40 3 58 3 1,02 3 69 1 25 6 48 5 38 4 40 3 2,601 Other liabilities and accrued dividends (2) 4,85 5 26 4 1,72 6 17 3 28 8 40 0 33 8 46 1 18 2 10 0 17 5 24 8 501 TOTAL LIABILITIES 570,69 6 32,92 4 237,07 7 21,21 7 32,21 5 32,57 1 38,68 4 63,16 5 20,43 7 2,69 4 17,45 2 12,48 1 59,780 CAPITAL ACCOUNTS Capital paid in 6,74 5 28 9 1,49 2 20 2 44 3 1,67 5 48 1 61 5 16 0 27 1 18 0 21 7 720 Surplus 6,43 1 28 9 1,32 5 19 9 44 4 1,69 1 46 0 57 8 15 8 23 5 17 9 21 1 660 Other capital accounts 1,37 8 5 3 52 3 3 2 6 3 17 9 9 0 11 0 3 3 4 4 3 1 5 1 168 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 585,25 0 33,55 4 240,41 7 21,65 1 33,16 5 36,11 6 39,71 5 64,46 9 20,78 8 3,24 3 17,84 2 12,95 9 61,329 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 787,86 6 40,69 8 315,35 5 29,86 1 38,99 2 51,52 1 60,08 8 75,07 6 25,18 0 10,64 9 23,35 1 34,70 9 82,387 Less—Held by F.R. Banks 250,33 9 9,18 5 90,08 7 9,53 5 8,46 6 21,36 1 23,84 6 14,66 0 5,83 9 8,99 4 6,99 9 23,99 4 27,375 F.R. notes, net 537,52 7 31,51 3 225,26 8 20,32 6 30,52 6 30,16 1 36,24 2 60,41 6 19,34 1 1,65 5 16,35 2 10,71 5 55,012 Collateral held against F.R. notes Gold certificate account 11,048 Special drawing rights certificate account 6,200 Other eligible assets 0 U.S. govt. and agency securities (3) 520,279 Total collateral 537,527 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and 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.