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 20, 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 19, 2000 Apr 12, 2000 Apr 21, 1999 Apr 19, 2000 Reserve Bank Credit 559,618 + 2,321 + 46,062 567,387 U.S. government securities (1) Bought outright-system account (2,3) 507,438 + 4,845 + 36,875 508,029 Held under repurchase agreements 0 0 - 6,685 0 Federal agency obligations (1) Bought outright 140 - 6 - 171 140 Held under repurchase agreements 0 0 - 2,022 0 Repurchase agreements — triparty (4) 16,624 - 2,518 + 16,624 23,775 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 55 - 417 - 144 86 Seasonal credit 103 - 2 + 67 119 Extended credit 0 0 0 0 Float 243 + 129 + 140 117 Other F.R. assets 35,015 + 289 + 1,377 35,122 Gold stock 11,048 0 - 1 11,048 Special drawing rights certificate account 5,771 - 429 - 2,429 5,200 Treasury currency outstanding 28,436 + 14 + 1,726 28,436 Total factors supplying reserve funds 604,874 + 1,906 + 45,359 612,072 Currency in circulation* 564,204 - 210 + 44,542 564,940 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 198 + 1 + 53 201 Deposits, other than reserve balances, with F.R. Banks Treasury 6,778 + 1,316 - 12 5,672 Foreign 91 - 34 - 124 137 Service-related balances and adjustments (5) 6,786 - 35 + 69 6,786 Other 274 0 - 9 276 Other F.R. liabilities and capital 19,269 - 384 + 2,000 18,961 Total factors, other than reserve balances, absorbing reserve funds 597,599 + 653 + 46,519 596,972 Reserve balances with F.R. Banks (6) 7,275 + 1,254 - 1,160 15,099 On April 19, 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 $ 714,783 million, a change of $ - 9,653 million for the week. The total includes $ 627,945 million of U.S. government securities and $ 86,838 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 $ 16,918 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,918 million (daily average) and $ 16,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 491 million (daily average) and $ 1,681 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 $ 268 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 $ 6,560 million and adjustments of $ 226 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 19, 2000 Apr 12, 2000 Apr 21, 1999 ASSETS Gold certificate account 11,048 0 - 1 Special drawing rights certificate account 5,200 - 1,000 - 3,000 Coin 531 + 34 + 116 Loans 205 + 57 - 1,203 Acceptances 0 0 0 Repurchase agreements — triparty (1) 23,775 + 5,475 + 23,775 Federal agency obligations (2) Bought outright 140 0 - 171 Held under repurchase agreements 0 0 - 1,334 U.S. government securities (2) Bought outright—Bills 201,252 + 3,510 + 2,534 Notes (3) 221,017 + 318 + 23,897 Bonds (4) 85,760 + 62 + 11,093 Total bought outright (5) 508,029 + 3,890 + 37,523 Held under repurchase agreements 0 0 - 5,880 Total U.S. government securities 508,029 + 3,890 + 31,643 Total loans and securities 532,149 + 9,422 + 52,710 Items in process of collection (962) 9,083 + 91 + 18 Bank premises 1,390 + 1 + 81 Other assets (6) 33,751 + 215 + 1,383 TOTAL ASSETS (962) 593,152 + 8,763 + 51,307 LIABILITIES Federal Reserve notes 537,236 - 371 + 42,986 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 22,263 + 9,104 + 6,980 U.S. Treasury—general account 5,672 - 161 - 1,018 Foreign—official accounts 137 - 9 - 56 Other (0) 276 - 1 + 36 Total deposits (0) 28,348 + 8,932 + 5,942 Deferred availability cash items (962) 8,607 + 198 + 425 Other liabilities and accrued dividends (7) 4,853 - 3 + 669 TOTAL LIABILITIES (962) 579,044 + 8,757 + 50,021 CAPITAL ACCOUNTS Capital paid in 6,747 + 1 + 581 Surplus 6,431 0 + 479 Other capital accounts 929 + 4 + 225 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 $ 208 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 $ 60 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,681 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 19, 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 184 17,248 + 1,630 0 0 12,780 0 16 days to 90 days 21 105,581 + 99 0 0 10,995 0 91 days to 1 year 0 139,792 + 1,214 10 0 ——— ——— Over 1 year to 5 years ——— 124,896 + 11 10 0 ——— ——— Over 5 years to 10 years ——— 52,380 + 934 120 0 ——— ——— Over 10 years ——— 68,132 + 2 0 0 ——— ——— Total 205 508,029 + 3,890 140 0 23,775 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 268 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 19, 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 5 4,43 0 41 4 52 0 75 0 80 2 1,06 4 35 9 15 8 34 0 51 4 1,162 Special drawing rights certif. acct. 5,20 0 27 1 2,06 5 19 6 24 6 34 6 39 3 50 2 16 7 7 2 15 6 23 2 554 Coin 53 1 1 7 3 2 2 0 2 1 6 7 5 4 7 0 3 1 4 7 4 8 6 0 63 Loans 20 5 2 8 0 0 0 0 2 5 6 3 0 2 1 2 9 2 37 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 23,77 5 0 23,77 5 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 14 0 8 5 4 6 8 8 9 1 7 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 201,25 2 11,55 4 77,68 4 8,38 2 11,26 2 11,81 4 13,39 6 24,07 3 7,64 5 84 7 6,70 7 5,95 5 21,934 Notes (3) 221,01 7 12,68 8 85,31 3 9,20 5 12,36 8 12,97 4 14,71 1 26,43 7 8,39 6 93 0 7,36 5 6,53 9 24,088 Bonds (4) 85,76 0 4,92 3 33,10 4 3,57 2 4,79 9 5,03 4 5,70 8 10,25 8 3,25 8 36 1 2,85 8 2,53 7 9,347 Total bought outright (5) 508,02 9 29,16 5 196,10 0 21,16 0 28,43 0 29,82 2 33,81 6 60,76 8 19,29 9 2,13 9 16,93 0 15,03 1 55,370 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 508,02 9 29,16 5 196,10 0 21,16 0 28,43 0 29,82 2 33,81 6 60,76 8 19,29 9 2,13 9 16,93 0 15,03 1 55,370 Total loans and securities 532,14 9 29,20 1 219,92 9 21,16 5 28,43 8 29,83 1 33,82 7 60,84 0 19,33 4 2,16 0 16,96 4 15,03 7 55,422 Items in process of collection 10,04 5 58 9 1,25 1 35 1 40 4 64 4 81 9 84 1 36 8 59 0 53 2 71 9 2,939 Bank premises 1,39 0 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) 33,75 1 1,60 5 11,24 1 1,17 8 2,00 8 5,22 3 2,21 6 3,25 8 99 4 68 5 97 3 1,03 0 3,342 Interdistrict settlement account 0 + 1,53 1 + 3,15 4 - 1,00 3 + 2,61 8 + 43 5 + 1,81 6 - 1,83 6 - 38 4 - 58 3 - 96 0 - 3,51 5 - 1,273 TOTAL ASSETS 594,11 3 33,84 3 242,26 6 22,37 1 34,41 1 37,42 0 40,10 1 64,84 5 20,90 2 3,25 7 18,10 2 14,22 2 62,373 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 $ 208 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 $ 60 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,681 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 19, 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 537,23 6 31,17 0 224,05 8 20,88 8 30,75 5 30,28 0 36,61 6 59,62 2 19,28 3 1,57 2 16,29 4 10,90 6 55,791 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 22,26 3 1,18 3 6,26 3 44 2 1,97 8 2,62 6 1,11 3 2,67 5 79 8 52 4 77 6 2,16 0 1,724 U.S. Treasury—general account 5,67 2 0 5,67 2 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 13 7 1 11 3 1 2 8 2 3 1 1 1 1 3 Other 27 6 0 14 0 0 9 11 8 3 1 1 1 2 1 1 Total deposits 28,34 8 1,18 5 12,18 7 44 3 1,98 9 2,75 1 1,11 8 2,67 9 80 0 52 7 78 0 2,16 1 1,728 Deferred credit items 9,56 9 59 3 1,10 6 39 4 47 0 64 2 1,00 8 69 0 27 8 54 2 46 3 53 2 2,852 Other liabilities and accrued dividends (2) 4,85 3 28 3 1,67 6 21 7 27 8 35 3 35 9 55 5 20 1 7 4 18 4 17 2 503 TOTAL LIABILITIES 580,00 5 33,23 1 239,02 7 21,94 2 33,49 2 34,02 5 39,10 1 63,54 6 20,56 2 2,71 4 17,72 0 13,77 1 60,873 CAPITAL ACCOUNTS Capital paid in 6,74 7 28 9 1,49 2 20 2 44 4 1,67 5 48 1 61 6 16 0 27 1 18 1 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 92 9 3 4 42 1 2 7 3 1 2 8 5 8 10 5 2 2 3 7 2 3 2 3 120 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 594,11 3 33,84 3 242,26 6 22,37 1 34,41 1 37,42 0 40,10 1 64,84 5 20,90 2 3,25 7 18,10 2 14,22 2 62,373 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 784,95 3 40,16 8 313,02 4 30,30 3 39,04 2 51,04 6 60,63 3 74,03 7 25,00 5 10,59 2 23,12 0 34,88 2 83,102 Less—Held by F.R. Banks 247,71 8 8,99 8 88,96 6 9,41 4 8,28 7 20,76 6 24,01 6 14,41 4 5,72 2 9,02 0 6,82 6 23,97 5 27,312 F.R. notes, net 537,23 6 31,17 0 224,05 8 20,88 8 30,75 5 30,28 0 36,61 6 59,62 2 19,28 3 1,57 2 16,29 4 10,90 6 55,791 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) 520,987 Total collateral 537,236 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.