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 17, 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 16, 2000 Aug 9, 2000 Aug 18, 1999 Aug 16, 2000 Reserve Bank Credit 558,157 + 221 + 30,180 557,040 U.S. government securities (1) Bought outright-system account (2,3) 510,753 + 2,041 + 23,568 513,023 Held under repurchase agreements 0 0 - 1,052 0 Federal agency obligations (1) Bought outright 140 0 - 109 140 Held under repurchase agreements 0 0 - 5,647 0 Repurchase agreements — triparty (4) 10,822 - 1,217 + 10,822 10,020 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 9 - 7 - 16 12 Seasonal credit 539 - 1 + 272 545 Extended credit 0 0 0 0 Float 906 - 29 + 565 288 Other F.R. assets 34,987 - 568 + 1,777 33,011 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 29,825 + 14 + 2,598 29,825 Total factors supplying reserve funds 603,228 + 235 + 28,777 602,111 Currency in circulation* 569,465 + 304 + 33,059 570,182 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 140 + 12 + 78 156 Deposits, other than reserve balances, with F.R. Banks Treasury 5,226 + 435 + 146 3,943 Foreign 80 - 14 - 127 83 Service-related balances and adjustments (5) 6,825 + 136 - 180 6,825 Other 255 - 1 - 12 259 Other F.R. liabilities and capital 15,246 - 107 - 2,614 14,908 Total factors, other than reserve balances, absorbing reserve funds 597,237 + 765 + 30,350 596,357 Reserve balances with F.R. Banks (6) 5,990 - 532 - 1,574 5,754 On August 16, 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 $ 712,290 million, a change of $ + 8,718 million for the week. The total includes $ 618,520 million of U.S. government securities and $ 93,769 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 $ 17,659 million (daily average over statement week) and $ 16,219 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,409 million (daily average) and $ 16,219 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,876 million (daily average) and $ 1,248 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 400 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 $ 6,157 million and adjustments of $ 668 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 16, 2000 Aug 9, 2000 Aug 18, 1999 ASSETS Gold certificate account 11,046 0 - 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 755 + 4 + 453 Loans 557 - 2 + 255 Acceptances 0 0 0 Repurchase agreements — triparty (1) 10,020 - 6,830 + 10,020 Federal agency obligations (2) Bought outright 140 0 - 109 Held under repurchase agreements 0 0 - 4,900 U.S. government securities (2) Bought outright—Bills 191,328 + 374 - 8,430 Notes (3) 231,764 + 561 + 22,191 Bonds (4) 89,931 + 1,568 + 10,972 Total bought outright (5) 513,023 + 2,503 + 24,733 Held under repurchase agreements 0 0 - 665 Total U.S. government securities 513,023 + 2,503 + 24,068 Total loans and securities 523,741 - 4,327 + 29,334 Items in process of collection (810) 8,159 - 64 + 1,078 Bank premises 1,421 + 1 + 98 Other assets (6) 31,583 - 2,763 + 1,219 TOTAL ASSETS (810) 580,904 - 7,150 + 28,179 LIABILITIES Federal Reserve notes 541,267 - 179 + 30,970 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,238 - 5,430 + 771 U.S. Treasury—general account 3,943 - 964 - 960 Foreign—official accounts 83 - 18 - 158 Other (0) 259 + 5 - 4 Total deposits (0) 17,524 - 6,405 - 351 Deferred availability cash items (810) 7,205 - 95 + 177 Other liabilities and accrued dividends (7) 4,344 - 522 + 158 TOTAL LIABILITIES (810) 570,341 - 7,200 + 30,955 CAPITAL ACCOUNTS Capital paid in 6,904 + 12 + 607 Surplus 2,679 + 25 - 3,273 Other capital accounts 981 + 14 - 108 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 316 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 $ 83 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,219 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,248 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 16, 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 244 21,150 + 2,341 0 0 5,990 0 16 days to 90 days 313 107,210 - 994 10 0 4,030 0 91 days to 1 year 0 130,458 - 3,018 0 0 ——— ——— Over 1 year to 5 years ——— 131,290 + 5,099 10 0 ——— ——— Over 5 years to 10 years ——— 52,397 - 1,650 120 0 ——— ——— Over 10 years ——— 70,519 + 725 0 0 ——— ——— Total 557 513,023 + 2,503 140 0 10,020 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 400 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 16, 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 5 1 7 6 7 5 1 4 7 10 4 10 2 9 4 4 3 2 5 5 2 7 2 81 Loans 55 7 0 1 0 0 0 2 1 12 2 9 4 16 2 10 2 1 6 40 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 10,02 0 0 10,02 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 191,32 8 10,98 4 73,85 3 7,96 9 10,70 7 11,23 1 12,73 5 22,88 6 7,26 8 80 5 6,37 6 5,66 1 20,853 Notes (3) 231,76 4 13,30 5 89,46 1 9,65 3 12,97 0 13,60 5 15,42 7 27,72 2 8,80 4 97 6 7,72 3 6,85 7 25,260 Bonds (4) 89,93 1 5,16 3 34,71 4 3,74 6 5,03 3 5,27 9 5,98 6 10,75 7 3,41 6 37 9 2,99 7 2,66 1 9,802 Total bought outright (5) 513,02 3 29,45 2 198,02 8 21,36 8 28,70 9 30,11 6 34,14 8 61,36 5 19,48 8 2,16 0 17,09 6 15,17 9 55,914 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,02 3 29,45 2 198,02 8 21,36 8 28,70 9 30,11 6 34,14 8 61,36 5 19,48 8 2,16 0 17,09 6 15,17 9 55,914 Total loans and securities 523,74 1 29,46 0 208,10 3 21,37 3 28,71 7 30,12 4 34,17 9 61,50 4 19,58 7 2,32 2 17,20 3 15,19 9 55,969 Items in process of collection 8,96 8 51 7 1,11 9 41 2 20 5 56 0 95 5 74 3 34 2 48 9 82 9 36 3 2,434 Bank premises 1,42 1 9 4 16 3 5 0 15 6 12 5 21 0 10 5 3 3 12 7 4 9 14 4 165 Other assets (6) 31,58 3 1,49 0 10,55 1 1,07 1 1,85 6 4,93 7 2,06 4 3,01 9 92 4 65 1 90 7 1,01 4 3,099 Interdistrict settlement account 0 + 1,28 9 +15,56 4 - 67 0 + 1,44 9 + 1,20 6 + 15 0 - 6,19 3 - 1,12 8 - 1,02 8 - 1,71 3 - 5,20 8 - 3,717 TOTAL ASSETS 581,71 4 33,62 1 241,66 3 22,85 9 33,15 0 38,08 5 38,78 0 60,74 1 20,29 6 2,80 1 17,79 2 12,28 5 59,641 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 $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 316 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 $ 83 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,219 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,248 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 16, 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 541,26 7 31,60 6 230,31 3 21,47 4 30,88 7 32,22 6 36,03 0 57,48 0 19,14 1 1,29 1 16,38 1 10,87 1 53,568 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,23 8 67 4 2,24 2 49 1 1,02 8 2,58 4 84 6 1,21 7 52 6 48 1 52 3 56 6 2,060 U.S. Treasury—general account 3,94 3 0 3,94 3 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 3 1 6 0 1 2 8 2 3 1 1 1 1 3 Other 25 9 0 14 3 0 4 9 3 0 7 3 1 2 1 6 Total deposits 17,52 4 67 5 6,38 7 49 3 1,03 4 2,68 4 84 9 1,22 7 53 0 48 3 52 6 56 8 2,069 Deferred credit items 8,01 5 63 9 99 3 36 2 27 2 49 4 82 7 58 5 21 5 50 1 43 9 30 5 2,384 Other liabilities and accrued dividends (2) 4,34 4 25 6 1,49 2 19 5 24 9 29 6 32 5 49 5 18 1 6 5 16 8 17 8 444 TOTAL LIABILITIES 571,15 0 33,17 6 239,18 6 22,52 4 32,44 2 35,70 0 38,03 1 59,78 6 20,06 6 2,33 9 17,51 4 11,92 2 58,464 CAPITAL ACCOUNTS Capital paid in 6,90 4 29 1 1,50 0 21 2 48 1 1,67 8 49 0 61 4 13 6 33 9 18 1 23 3 749 Surplus 2,67 9 12 0 55 2 8 3 18 5 70 5 19 2 24 1 6 6 9 8 7 5 8 8 275 Other capital accounts 98 1 3 4 42 5 3 9 4 2 3 6 7 10 0 2 7 2 5 2 3 4 2 153 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 581,71 4 33,62 1 241,66 3 22,85 9 33,15 0 38,08 5 38,78 0 60,74 1 20,29 6 2,80 1 17,79 2 12,28 5 59,641 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 768,19 6 38,30 3 308,94 8 31,57 9 37,70 0 51,13 4 60,06 3 70,77 0 24,13 9 10,02 9 22,16 2 33,47 8 79,890 Less—Held by F.R. Banks 226,92 8 6,69 7 78,63 5 10,10 5 6,81 3 18,90 8 24,03 3 13,29 0 4,99 8 8,73 9 5,78 1 22,60 7 26,323 F.R. notes, net 541,26 7 31,60 6 230,31 3 21,47 4 30,88 7 32,22 6 36,03 0 57,48 0 19,14 1 1,29 1 16,38 1 10,87 1 53,568 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 2,838 U.S. govt. and agency securities (3) 523,183 Total collateral 541,267 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.