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. August 3, 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 Aug 2, 2000 Jul 26, 2000 Aug 4, 1999 Aug 2, 2000 Reserve Bank Credit 558,836 + 535 + 31,324 556,888 U.S. government securities (1) Bought outright-system account (2,3) 506,448 + 155 + 20,893 507,522 Held under repurchase agreements 0 0 - 2,733 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 3,630 0 Repurchase agreements — triparty (4) 14,755 - 482 + 14,755 11,990 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 38 + 26 - 36 34 Seasonal credit 569 + 20 + 304 572 Extended credit 0 0 0 0 Float 1,340 + 856 + 581 1,403 Other F.R. assets 35,547 - 38 + 1,300 35,228 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,797 + 14 + 2,646 29,797 Total factors supplying reserve funds 603,880 + 550 + 29,970 601,931 Currency in circulation* 568,410 + 14 + 33,915 569,834 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 119 + 17 + 62 127 Deposits, other than reserve balances, with F.R. Banks Treasury 5,106 + 473 + 1 4,714 Foreign 90 - 21 - 130 74 Service-related balances and adjustments (5) 6,553 - 284 - 457 6,553 Other 235 + 18 - 15 263 Other F.R. liabilities and capital 15,449 - 343 - 2,823 14,853 Total factors, other than reserve balances, absorbing reserve funds 595,964 - 124 + 30,554 596,417 Reserve balances with F.R. Banks (6) 7,916 + 674 - 584 5,514 On August 2, 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 $ 703,658 million, a change of $ + 13 million for the week. The total includes $ 614,763 million of U.S. government securities and $ 88,894 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 $ 17,275 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,275 million (daily average) and $ 16,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 981 million (daily average) and $ 1,137 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 $ 340 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 $ 6,259 million and adjustments of $ 294 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 Aug 2, 2000 Jul 26, 2000 Aug 4, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 745 + 30 + 440 Loans 606 + 38 + 311 Acceptances 0 0 0 Repurchase agreements — triparty (1) 11,990 - 4,965 + 11,990 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 4,800 U.S. government securities (2) Bought outright—Bills 190,911 - 715 - 6,420 Notes (3) 228,724 - 145 + 18,953 Bonds (4) 87,887 + 552 + 10,003 Total bought outright (5) 507,522 - 308 + 22,535 Held under repurchase agreements 0 0 - 440 Total U.S. government securities 507,522 - 308 + 22,095 Total loans and securities 520,257 - 5,236 + 29,486 Items in process of collection (934) 9,468 + 2,078 + 166 Bank premises 1,418 + 5 + 91 Other assets (6) 33,808 - 574 + 929 TOTAL ASSETS (934) 580,942 - 3,698 + 27,112 LIABILITIES Federal Reserve notes 540,909 + 721 + 31,420 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,081 - 4,671 - 620 U.S. Treasury—general account 4,714 - 420 - 908 Foreign—official accounts 74 - 20 - 93 Other (0) 263 + 42 - 9 Total deposits (0) 17,132 - 5,069 - 1,631 Deferred availability cash items (934) 8,048 + 1,233 + 457 Other liabilities and accrued dividends (7) 4,786 - 102 + 567 TOTAL LIABILITIES (934) 570,874 - 3,218 + 30,811 CAPITAL ACCOUNTS Capital paid in 6,882 + 2 + 582 Surplus 2,615 - 64 - 3,337 Other capital accounts 570 - 418 - 945 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 $ 261 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 $ 79 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 $ 1,137 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, August 2, 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 143 17,865 - 844 0 0 8,020 0 16 days to 90 days 463 108,957 + 1,269 10 0 3,970 0 91 days to 1 year 0 132,226 + 313 0 0 ——— ——— Over 1 year to 5 years ——— 125,108 - 1,819 10 0 ——— ——— Over 5 years to 10 years ——— 54,042 + 602 120 0 ——— ——— Over 10 years ——— 69,323 + 170 0 0 ——— ——— Total 606 507,522 - 308 140 0 11,990 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 340 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 August 2, 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 6 53 5 4,42 8 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. 4,20 0 21 9 1,66 8 15 8 19 9 28 0 31 7 40 5 13 5 5 8 12 6 18 7 448 Coin 74 5 1 9 6 6 5 1 5 0 10 0 9 8 9 2 4 4 2 7 5 3 7 2 74 Loans 60 6 0 0 0 0 2 1 8 13 8 9 8 16 5 9 0 2 7 67 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 11,99 0 0 11,99 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 190,91 1 10,96 0 73,69 2 7,95 2 10,68 4 11,20 7 12,70 8 22,83 6 7,25 2 80 4 6,36 2 5,64 9 20,807 Notes (3) 228,72 4 13,13 1 88,28 8 9,52 6 12,80 0 13,42 7 15,22 4 27,35 9 8,68 9 96 3 7,62 2 6,76 7 24,928 Bonds (4) 87,88 7 5,04 5 33,92 4 3,66 1 4,91 8 5,15 9 5,85 0 10,51 3 3,33 9 37 0 2,92 9 2,60 0 9,579 Total bought outright (5) 507,52 2 29,13 6 195,90 4 21,13 8 28,40 1 29,79 3 33,78 2 60,70 7 19,27 9 2,13 7 16,91 3 15,01 6 55,314 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 507,52 2 29,13 6 195,90 4 21,13 8 28,40 1 29,79 3 33,78 2 60,70 7 19,27 9 2,13 7 16,91 3 15,01 6 55,314 Total loans and securities 520,25 7 29,14 4 207,94 8 21,14 4 28,40 9 29,80 3 33,80 9 60,86 2 19,38 2 2,30 2 17,00 8 15,04 7 55,397 Items in process of collection 10,40 2 73 3 1,39 1 62 4 42 5 69 2 99 8 74 2 37 7 60 5 74 1 32 4 2,751 Bank premises 1,41 8 9 4 16 3 4 9 15 6 12 4 20 8 10 5 3 3 12 7 4 9 14 4 165 Other assets (6) 33,80 8 1,61 2 11,34 5 1,19 1 1,97 6 5,05 9 2,20 2 3,27 6 1,00 3 66 2 97 7 1,17 6 3,328 Interdistrict settlement account 0 + 1,26 8 +14,79 5 - 56 5 + 1,20 6 - 35 3 + 51 6 - 5,45 3 - 1,10 1 - 1,21 3 - 1,35 4 - 4,05 9 - 3,686 TOTAL ASSETS 581,87 6 33,62 4 241,80 5 23,06 7 32,94 1 36,45 5 38,94 9 61,09 5 20,23 2 2,72 5 17,94 0 13,40 5 59,639 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 $ 261 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 $ 79 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 $ 1,137 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 August 2, 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 540,90 9 31,49 7 229,40 5 21,61 8 30,84 2 32,09 4 36,15 1 57,58 0 19,06 5 1,32 8 16,28 3 11,15 5 53,890 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,08 1 72 4 2,45 1 62 2 87 1 93 8 83 1 1,41 5 45 1 30 0 81 3 99 6 1,669 U.S. Treasury—general account 4,71 4 0 4,71 4 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 4 1 5 0 1 2 8 2 3 1 1 1 1 3 Other 26 3 1 13 5 0 4 10 2 0 7 0 0 1 2 1 1 Total deposits 17,13 2 72 6 7,35 0 62 3 87 7 1,04 7 83 3 1,42 5 45 2 30 1 82 6 99 8 1,673 Deferred credit items 8,98 2 72 0 1,17 5 31 4 32 0 68 8 92 6 69 1 29 2 57 5 39 9 37 7 2,503 Other liabilities and accrued dividends (2) 4,78 6 26 1 1,52 2 19 8 25 5 29 9 32 9 50 4 18 5 6 6 17 1 54 3 454 TOTAL LIABILITIES 571,80 9 33,20 4 239,45 2 22,75 2 32,29 4 34,12 9 38,24 0 60,20 0 19,99 5 2,27 0 17,67 9 13,07 3 58,520 CAPITAL ACCOUNTS Capital paid in 6,88 2 28 8 1,49 9 21 2 45 4 1,67 8 48 9 60 7 16 1 33 5 18 1 23 1 749 Surplus 2,61 5 12 0 55 2 8 3 18 5 64 1 19 2 24 1 6 6 9 8 7 5 8 8 275 Other capital accounts 57 0 1 2 30 1 1 9 8 7 2 9 4 7 1 0 2 2 5 1 4 96 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,87 6 33,62 4 241,80 5 23,06 7 32,94 1 36,45 5 38,94 9 61,09 5 20,23 2 2,72 5 17,94 0 13,40 5 59,639 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 769,59 4 38,43 3 309,39 0 31,59 3 37,71 4 50,76 6 60,01 5 70,97 8 24,17 0 10,09 7 22,25 6 33,70 0 80,483 Less—Held by F.R. Banks 228,68 5 6,93 6 79,98 5 9,97 5 6,87 2 18,67 2 23,86 3 13,39 8 5,10 5 8,76 9 5,97 3 22,54 5 26,593 F.R. notes, net 540,90 9 31,49 7 229,40 5 21,61 8 30,84 2 32,09 4 36,15 1 57,58 0 19,06 5 1,32 8 16,28 3 11,15 5 53,890 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 6,011 U.S. govt. and agency securities (3) 519,652 Total collateral 540,909 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.