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 10, 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 9, 2000 Aug 2, 2000 Aug 11, 1999 Aug 9, 2000 Reserve Bank Credit 557,914 - 927 + 30,113 564,418 U.S. government securities (1) Bought outright-system account (2,3) 508,712 + 2,264 + 22,561 510,520 Held under repurchase agreements 0 0 - 2,186 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 4,414 0 Repurchase agreements — triparty (4) 12,039 - 2,716 + 12,039 16,850 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 16 - 22 - 201 15 Seasonal credit 540 - 29 + 279 543 Extended credit 0 0 0 0 Float 931 - 414 + 995 596 Other F.R. assets 35,537 - 10 + 1,150 35,754 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,811 + 14 + 2,620 29,811 Total factors supplying reserve funds 602,971 - 913 + 28,732 609,475 Currency in circulation* 569,161 + 751 + 33,270 570,369 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 128 + 9 + 70 137 Deposits, other than reserve balances, with F.R. Banks Treasury 4,791 - 315 - 309 4,907 Foreign 94 + 4 - 79 101 Service-related balances and adjustments (5) 6,689 + 136 - 424 6,689 Other 256 + 21 - 37 254 Other F.R. liabilities and capital 15,353 - 96 - 2,903 15,379 Total factors, other than reserve balances, absorbing reserve funds 596,472 + 508 + 29,588 597,835 Reserve balances with F.R. Banks (6) 6,500 - 1,420 - 856 11,640 On August 9, 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 $ 703,572 million, a change of $ - 86 million for the week. The total includes $ 612,565 million of U.S. government securities and $ 91,007 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 $ 17,239 million (daily average over statement week) and $ 16,500 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,896 million (daily average) and $ 16,500 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 882 million (daily average) and $ 595 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 $ 348 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 $ 6,258 million and adjustments of $ 431 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 9, 2000 Aug 2, 2000 Aug 11, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 751 + 6 + 451 Loans 559 - 47 - 1,055 Acceptances 0 0 0 Repurchase agreements — triparty (1) 16,850 + 4,860 + 16,850 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 6,320 U.S. government securities (2) Bought outright—Bills 190,954 + 43 - 7,856 Notes (3) 231,203 + 2,479 + 21,432 Bonds (4) 88,363 + 476 + 10,479 Total bought outright (5) 510,520 + 2,998 + 24,055 Held under repurchase agreements 0 0 - 5,660 Total U.S. government securities 510,520 + 2,998 + 18,395 Total loans and securities 528,068 + 7,811 + 27,760 Items in process of collection (909) 8,223 - 1,245 + 1,268 Bank premises 1,420 + 2 + 97 Other assets (6) 34,346 + 538 + 670 TOTAL ASSETS (909) 588,054 + 7,112 + 26,246 LIABILITIES Federal Reserve notes 541,446 + 537 + 31,003 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 18,668 + 6,587 - 1,949 U.S. Treasury—general account 4,907 + 193 - 520 Foreign—official accounts 101 + 27 - 64 Other (0) 254 - 9 - 211 Total deposits (0) 23,929 + 6,797 - 2,745 Deferred availability cash items (909) 7,300 - 748 + 439 Other liabilities and accrued dividends (7) 4,866 + 80 + 338 TOTAL LIABILITIES (909) 577,541 + 6,667 + 29,036 CAPITAL ACCOUNTS Capital paid in 6,892 + 10 + 597 Surplus 2,654 + 39 - 3,298 Other capital accounts 967 + 397 - 89 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 $ 267 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 $ 81 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 595 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 9, 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 150 18,809 + 944 0 0 12,895 0 16 days to 90 days 409 108,204 - 753 10 0 3,955 0 91 days to 1 year 0 133,476 + 1,250 0 0 ——— ——— Over 1 year to 5 years ——— 126,191 + 1,083 10 0 ——— ——— Over 5 years to 10 years ——— 54,047 + 5 120 0 ——— ——— Over 10 years ——— 69,794 + 471 0 0 ——— ——— Total 559 510,520 + 2,998 140 0 16,850 0 1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 348 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 9, 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 75 1 1 7 6 8 5 0 4 7 10 1 10 0 9 5 4 4 2 6 5 3 7 3 77 Loans 55 9 0 3 0 0 0 1 7 13 2 10 2 16 1 8 8 1 6 39 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 16,85 0 0 16,85 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 190,95 4 10,96 2 73,70 9 7,95 3 10,68 6 11,20 9 12,71 0 22,84 1 7,25 4 80 4 6,36 3 5,65 0 20,812 Notes (3) 231,20 3 13,27 3 89,24 5 9,63 0 12,93 8 13,57 2 15,38 9 27,65 5 8,78 3 97 3 7,70 5 6,84 1 25,199 Bonds (4) 88,36 3 5,07 3 34,10 8 3,68 0 4,94 5 5,18 7 5,88 2 10,57 0 3,35 7 37 2 2,94 5 2,61 4 9,631 Total bought outright (5) 510,52 0 29,30 8 197,06 2 21,26 3 28,56 9 29,96 9 33,98 1 61,06 6 19,39 3 2,14 9 17,01 3 15,10 5 55,641 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,52 0 29,30 8 197,06 2 21,26 3 28,56 9 29,96 9 33,98 1 61,06 6 19,39 3 2,14 9 17,01 3 15,10 5 55,641 Total loans and securities 528,06 8 29,31 6 213,96 9 21,26 9 28,57 7 29,97 7 34,00 8 61,21 4 19,50 1 2,31 0 17,10 6 15,12 6 55,696 Items in process of collection 9,13 2 50 9 1,34 2 36 5 28 5 60 4 73 6 89 1 29 1 51 8 61 1 51 1 2,469 Bank premises 1,42 0 9 4 16 3 5 0 15 6 12 5 20 9 10 5 3 3 12 7 4 9 14 4 165 Other assets (6) 34,34 6 1,64 3 11,55 9 1,18 1 2,00 8 5,09 3 2,24 4 3,33 9 1,03 3 66 5 99 6 1,19 3 3,391 Interdistrict settlement account 0 + 2,09 0 +13,82 8 - 59 7 + 1,39 8 - 9 6 + 84 3 - 5,73 5 - 92 7 - 94 3 - 1,59 9 - 4,21 4 - 4,047 TOTAL ASSETS 588,96 3 34,42 3 247,02 4 22,89 1 33,19 0 36,83 3 39,25 9 61,37 9 20,46 9 2,91 9 17,68 2 13,53 4 59,360 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 $ 267 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 $ 81 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,500 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 595 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 9, 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 541,44 6 31,60 7 229,91 5 21,53 2 30,92 0 32,23 6 36,21 8 57,44 0 19,16 5 1,28 8 16,37 5 11,02 9 53,723 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,66 8 1,47 7 6,91 6 48 6 1,03 6 1,20 2 1,10 6 1,92 0 64 5 61 3 49 7 1,15 2 1,617 U.S. Treasury—general account 4,90 7 0 4,90 7 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 10 1 1 7 7 1 2 8 2 3 1 1 1 1 3 Other 25 4 0 13 9 0 2 9 9 0 8 2 0 2 0 1 Total deposits 23,93 0 1,47 9 12,03 8 48 8 1,04 0 1,30 9 1,10 8 1,93 1 64 8 61 4 50 0 1,15 4 1,621 Deferred credit items 8,20 9 63 5 1,07 8 34 2 29 4 63 0 85 0 56 0 22 0 48 8 35 9 37 0 2,384 Other liabilities and accrued dividends (2) 4,86 6 25 7 1,51 1 19 7 25 5 30 2 33 1 50 1 18 6 6 7 17 1 63 3 454 TOTAL LIABILITIES 578,45 0 33,97 8 244,54 2 22,55 8 32,50 9 34,47 6 38,50 8 60,43 2 20,21 8 2,45 8 17,40 5 13,18 5 58,182 CAPITAL ACCOUNTS Capital paid in 6,89 2 29 1 1,50 0 21 2 45 4 1,67 8 49 0 60 7 16 1 33 9 18 1 23 1 749 Surplus 2,65 4 12 0 55 2 8 3 18 5 67 9 19 2 24 1 6 6 9 8 7 5 8 8 275 Other capital accounts 96 7 3 4 43 1 3 7 4 2 0 7 0 9 9 2 5 2 4 2 2 3 0 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 588,96 3 34,42 3 247,02 4 22,89 1 33,19 0 36,83 3 39,25 9 61,37 9 20,46 9 2,91 9 17,68 2 13,53 4 59,360 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 768,79 7 38,39 7 309,08 1 31,48 2 37,68 0 51,02 9 60,06 5 70,86 1 24,16 3 10,06 1 22,21 1 33,58 3 80,183 Less—Held by F.R. Banks 227,35 1 6,79 0 79,16 7 9,95 0 6,76 0 18,79 3 23,84 6 13,42 1 4,99 8 8,77 4 5,83 7 22,55 4 26,461 F.R. notes, net 541,44 6 31,60 7 229,91 5 21,53 2 30,92 0 32,23 6 36,21 8 57,44 0 19,16 5 1,28 8 16,37 5 11,02 9 53,723 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 0 U.S. govt. and agency securities (3) 526,200 Total collateral 541,446 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.