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 24, 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 23, 2000 Aug 16, 2000 Aug 25, 1999 Aug 23, 2000 Reserve Bank Credit 557,933 - 221 + 30,488 563,308 U.S. government securities (1) Bought outright-system account (2,3) 509,767 - 986 + 20,300 510,664 Held under repurchase agreements 0 0 - 642 0 Federal agency obligations (1) Bought outright 140 0 - 107 140 Held under repurchase agreements 0 0 - 4,527 0 Repurchase agreements — triparty (4) 13,281 + 2,459 + 13,281 18,330 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 14 + 5 - 22 7 Seasonal credit 565 + 26 + 286 580 Extended credit 0 0 0 0 Float 964 + 60 + 769 148 Other F.R. assets 33,203 - 1,784 + 1,151 33,440 Gold stock 11,046 0 - 1 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,077 + 14 + 2,815 30,077 Total factors supplying reserve funds 603,256 - 207 + 29,301 608,630 Currency in circulation* 568,673 - 1,030 + 32,470 569,194 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 157 + 17 + 74 161 Deposits, other than reserve balances, with F.R. Banks Treasury 4,824 - 402 - 27 5,150 Foreign 101 + 21 - 79 71 Service-related balances and adjustments (5) 6,820 - 5 - 213 6,820 Other 234 - 21 - 48 203 Other F.R. liabilities and capital 15,234 - 12 - 2,810 14,947 Total factors, other than reserve balances, absorbing reserve funds 596,043 - 1,432 + 29,367 596,546 Reserve balances with F.R. Banks (6) 7,213 + 1,225 - 66 12,084 On August 23, 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 $ 713,122 million, a change of $ + 832 million for the week. The total includes $ 619,207 million of U.S. government securities and $ 93,915 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 $ 16,326 million (daily average over statement week) and $ 16,020 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,326 million (daily average) and $ 16,020 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,511 million (daily average) and $ 550 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 $ 408 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 $ 663 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 23, 2000 Aug 16, 2000 Aug 25, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 4,000 Coin 779 + 24 + 477 Loans 587 + 30 + 266 Acceptances 0 0 0 Repurchase agreements — triparty (1) 18,330 + 8,310 + 18,330 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 8,250 U.S. government securities (2) Bought outright—Bills 188,209 - 3,119 - 11,009 Notes (3) 232,317 + 553 + 21,488 Bonds (4) 90,137 + 206 + 10,088 Total bought outright (5) 510,664 - 2,359 + 20,568 Held under repurchase agreements 0 0 - 1,195 Total U.S. government securities 510,664 - 2,359 + 19,373 Total loans and securities 529,720 + 5,979 + 29,619 Items in process of collection (734) 6,977 - 1,182 - 153 Bank premises 1,421 0 + 91 Other assets (6) 32,009 + 426 + 955 TOTAL ASSETS (734) 586,153 + 5,249 + 26,990 LIABILITIES Federal Reserve notes 540,058 - 1,209 + 29,628 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 18,999 + 5,761 + 624 U.S. Treasury—general account 5,150 + 1,207 - 251 Foreign—official accounts 71 - 12 - 93 Other (-1) 203 - 56 - 63 Total deposits (-1) 24,423 + 6,899 + 217 Deferred availability cash items (734) 6,725 - 480 + 132 Other liabilities and accrued dividends (7) 4,329 - 15 - 229 TOTAL LIABILITIES (734) 575,534 + 5,193 + 29,746 CAPITAL ACCOUNTS Capital paid in 6,898 - 6 + 596 Surplus 2,679 0 - 3,273 Other capital accounts 1,041 + 60 - 80 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 $ 323 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 $ 85 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,020 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 550 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 23, 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 525 17,924 - 3,226 0 0 12,405 0 16 days to 90 days 62 110,223 + 3,013 10 0 5,925 0 91 days to 1 year 0 127,552 - 2,906 0 0 ——— ——— Over 1 year to 5 years ——— 131,289 - 1 10 0 ——— ——— Over 5 years to 10 years ——— 53,065 + 668 120 0 ——— ——— Over 10 years ——— 70,611 + 92 0 0 ——— ——— Total 587 510,664 - 2,359 140 0 18,330 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 408 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 23, 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 77 9 1 7 7 0 5 2 5 3 10 7 10 2 9 4 4 4 2 5 5 5 7 5 88 Loans 58 7 0 0 3 0 0 1 9 12 8 11 0 16 0 11 0 1 9 36 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 18,33 0 0 18,33 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 188,20 9 10,80 5 72,64 9 7,83 9 10,53 2 11,04 8 12,52 8 22,51 3 7,15 0 79 2 6,27 2 5,56 9 20,513 Notes (3) 232,31 7 13,33 7 89,67 5 9,67 6 13,00 1 13,63 8 15,46 4 27,78 9 8,82 5 97 8 7,74 2 6,87 4 25,320 Bonds (4) 90,13 7 5,17 5 34,79 3 3,75 4 5,04 4 5,29 1 6,00 0 10,78 2 3,42 4 37 9 3,00 4 2,66 7 9,824 Total bought outright (5) 510,66 4 29,31 6 197,11 7 21,26 9 28,57 7 29,97 7 33,99 1 61,08 3 19,39 9 2,15 0 17,01 8 15,10 9 55,657 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,66 4 29,31 6 197,11 7 21,26 9 28,57 7 29,97 7 33,99 1 61,08 3 19,39 9 2,15 0 17,01 8 15,10 9 55,657 Total loans and securities 529,72 0 29,32 5 215,50 1 21,27 8 28,58 5 29,98 5 34,01 9 61,22 8 19,51 4 2,31 1 17,13 3 15,13 3 55,708 Items in process of collection 7,71 1 41 9 90 4 28 7 27 6 53 3 62 2 73 6 37 3 49 2 40 2 49 1 2,177 Bank premises 1,42 1 9 4 16 3 5 0 15 6 12 5 21 0 10 5 3 3 12 6 4 9 14 4 165 Other assets (6) 32,00 9 1,51 9 10,72 9 1,09 1 1,88 4 4,96 5 2,09 1 3,07 7 94 2 65 6 92 4 98 2 3,149 Interdistrict settlement account 0 + 1,63 3 +11,95 2 - 58 7 + 1,71 2 + 89 6 + 1,65 9 - 5,04 2 - 1,20 2 - 1,00 8 - 1,21 9 - 4,79 0 - 4,003 TOTAL ASSETS 586,88 6 33,76 0 245,41 6 22,74 2 33,38 5 37,64 1 39,82 2 61,66 6 20,19 7 2,81 8 17,80 9 12,73 6 58,894 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 $ 323 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 $ 85 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,020 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 550 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 23, 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 540,05 8 31,26 4 229,57 4 21,45 2 30,63 7 32,15 2 36,87 0 57,25 2 19,11 3 1,20 2 16,28 5 10,84 8 53,410 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,99 9 1,23 0 5,66 6 42 3 1,36 4 2,24 0 1,08 6 2,38 1 49 6 68 7 69 1 1,07 8 1,657 U.S. Treasury—general account 5,15 0 0 5,15 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 1 1 4 7 1 2 8 2 3 1 1 1 1 3 Other 20 2 0 13 5 0 4 5 3 0 7 0 0 1 1 1 Total deposits 24,42 2 1,23 1 10,99 8 42 4 1,37 0 2,30 0 1,08 9 2,39 0 49 7 68 8 69 3 1,07 9 1,661 Deferred credit items 7,45 9 56 0 87 1 33 9 40 5 47 6 78 8 57 1 18 1 39 6 38 4 28 9 2,199 Other liabilities and accrued dividends (2) 4,32 9 25 7 1,48 6 19 4 25 0 29 6 32 7 49 2 18 2 6 8 16 9 16 0 447 TOTAL LIABILITIES 576,26 7 33,31 2 242,92 8 22,41 0 32,66 2 35,22 4 39,07 4 60,70 5 19,97 3 2,35 4 17,53 2 12,37 6 57,717 CAPITAL ACCOUNTS Capital paid in 6,89 8 29 1 1,50 7 21 2 46 7 1,67 8 49 0 61 3 13 7 33 9 18 1 23 3 751 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 1,04 1 3 7 42 9 3 7 7 0 3 5 6 7 10 7 2 2 2 7 2 2 3 8 151 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 586,88 6 33,76 0 245,41 6 22,74 2 33,38 5 37,64 1 39,82 2 61,66 6 20,19 7 2,81 8 17,80 9 12,73 6 58,894 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 767,54 0 38,01 0 307,80 7 31,66 5 37,50 3 51,26 3 60,91 3 70,56 9 24,12 5 9,99 0 22,08 1 33,48 7 80,126 Less—Held by F.R. Banks 227,48 2 6,74 6 78,23 3 10,21 3 6,86 6 19,11 2 24,04 3 13,31 7 5,01 2 8,78 8 5,79 6 22,63 9 26,716 F.R. notes, net 540,05 8 31,26 4 229,57 4 21,45 2 30,63 7 32,15 2 36,87 0 57,25 2 19,11 3 1,20 2 16,28 5 10,84 8 53,410 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) 524,812 Total collateral 540,058 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.