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 27, 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 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.

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 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 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 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. Maturity Distribution of Loans and Securities, April 26, 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 262 19,475 + 2,227 0 0 35,770 0 16 days 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 year to 5 years ——— 124,897 + 1 10 0 ——— ——— Over 5 years 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 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 8 1 8 3 1 1 7 2 9 6 7 6 2 7 0 3 1 3 4 4 9 6 0 68 Loans 28 5 9 0 0 0 1 4 2 6 4 7 4 2 8 3 2 7 29 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 39,78 0 0 39,78 0 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 200,99 1 11,53 9 77,58 3 8,37 1 11,24 8 11,79 9 13,37 8 24,04 1 7,63 5 84 6 6,69 8 5,94 7 21,906 Notes (3) 221,02 3 12,68 9 85,31 5 9,20 6 12,36 9 12,97 5 14,71 2 26,43 8 8,39 6 93 0 7,36 5 6,54 0 24,089 Bonds (4) 85,76 2 4,92 3 33,10 4 3,57 2 4,79 9 5,03 4 5,70 9 10,25 8 3,25 8 36 1 2,85 8 2,53 8 9,347 Total bought outright (5) 507,77 6 29,15 1 196,00 3 21,14 9 28,41 6 29,80 8 33,79 9 60,73 8 19,28 9 2,13 8 16,92 1 15,02 4 55,342 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,77 6 29,15 1 196,00 3 21,14 9 28,41 6 29,80 8 33,79 9 60,73 8 19,28 9 2,13 8 16,92 1 15,02 4 55,342 Total loans and securities 547,98 1 29,16 7 235,83 7 21,15 5 28,42 4 29,81 7 33,85 0 60,81 8 19,36 8 2,16 6 16,95 8 15,03 5 55,386 Items in process of collection 8,74 8 42 3 96 7 44 1 35 4 70 0 82 2 57 8 31 9 49 5 42 3 58 8 2,637 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) 34,10 6 1,62 7 11,39 7 1,16 5 2,02 9 5,23 0 2,24 1 3,30 4 1,02 0 68 7 98 6 1,04 2 3,378 Interdistrict settlement account 0 + 1,42 4 + 8,52 2 - 99 2 + 1,65 7 - 1,19 8 + 1,63 3 - 2,49 0 - 85 6 - 84 0 - 1,02 6 - 4,11 9 - 1,716 TOTAL ASSETS 609,00 9 33,56 0 263,41 3 22,44 6 33,41 6 35,83 7 39,97 8 63,95 3 20,44 2 2,90 0 17,93 6 13,49 6 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 Dallas City Francisco LIABILITIES Federal Reserve notes 536,95 0 31,20 1 224,65 9 21,08 3 30,76 9 30,37 8 36,08 1 59,56 3 19,26 3 1,46 1 16,29 4 10,77 3 55,425 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,04 5 1,02 9 3,30 0 33 8 1,09 0 1,04 7 1,71 3 1,98 7 32 9 34 6 66 0 1,54 7 1,660 U.S. Treasury—general account 29,44 4 0 29,44 4 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 9 1 5 5 1 2 8 2 3 1 1 1 1 3 Other 27 6 0 14 5 1 9 11 2 1 1 1 0 4 2 1 Total deposits 44,84 4 1,03 0 32,94 3 34 0 1,10 0 1,16 7 1,71 6 1,99 0 33 1 34 7 66 5 1,54 9 1,664 Deferred credit items 8,30 9 43 8 92 3 38 2 35 0 54 7 82 4 55 1 30 9 47 7 41 6 55 3 2,539 Other liabilities and accrued dividends (2) 4,82 6 28 0 1,65 9 21 4 28 0 35 3 35 7 55 0 19 9 7 2 18 5 17 3 503 TOTAL LIABILITIES 594,92 9 32,94 9 260,18 5 22,01 9 32,50 0 32,44 5 38,97 9 62,65 4 20,10 2 2,35 7 17,56 0 13,04 9 60,130 CAPITAL ACCOUNTS Capital paid in 6,75 1 29 0 1,49 2 20 2 44 4 1,67 5 48 2 61 6 16 0 27 1 18 1 21 7 722 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 89 8 3 3 41 0 2 5 2 8 2 5 5 6 10 4 2 2 3 7 1 6 2 0 121 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 609,00 9 33,56 0 263,41 3 22,44 6 33,41 6 35,83 7 39,97 8 63,95 3 20,44 2 2,90 0 17,93 6 13,49 6 61,634 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 783,98 1 40,09 7 313,14 3 30,60 0 38,94 1 50,87 8 60,31 2 73,88 7 24,93 3 10,56 2 23,05 4 34,72 2 82,852 Less—Held by F.R. Banks 247,03 1 8,89 6 88,48 5 9,51 7 8,17 2 20,50 0 24,23 0 14,32 3 5,67 0 9,10 1 6,76 0 23,94 9 27,427 F.R. notes, net 536,95 0 31,20 1 224,65 9 21,08 3 30,76 9 30,37 8 36,08 1 59,56 3 19,26 3 1,46 1 16,29 4 10,77 3 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 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.