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 31, 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 30, 2000 Aug 23, 2000 Sep 1, 1999 Aug 30, 2000 Reserve Bank Credit 556,838 - 1,095 + 26,527 559,968 U.S. government securities (1) Bought outright-system account (2,3) 511,147 + 1,380 + 21,008 513,095 Held under repurchase agreements 0 0 - 917 0 Federal agency obligations (1) Bought outright 140 0 - 98 140 Held under repurchase agreements 0 0 - 5,358 0 Repurchase agreements — triparty (4) 10,761 - 2,520 + 10,761 11,935 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 54 + 40 - 2 20 Seasonal credit 586 + 21 + 295 586 Extended credit 0 0 0 0 Float 499 - 462 - 359 326 Other F.R. assets 33,651 + 446 + 1,196 33,867 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 4,200 0 - 4,000 4,200 Treasury currency outstanding 30,091 + 14 + 2,793 30,091 Total factors supplying reserve funds 602,174 - 1,081 + 25,319 605,305 Currency in circulation* 568,371 - 302 + 31,438 570,529 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 161 + 4 + 77 161 Deposits, other than reserve balances, with F.R. Banks Treasury 5,245 + 421 - 158 5,948 Foreign 77 - 24 - 135 99 Service-related balances and adjustments (5) 6,699 - 121 - 220 6,699 Other 205 - 29 - 51 202 Other F.R. liabilities and capital 15,301 + 67 - 2,877 14,915 Total factors, other than reserve balances, absorbing reserve funds 596,059 + 16 + 28,074 598,553 Reserve balances with F.R. Banks (6) 6,116 - 1,096 - 2,755 6,752 On August 30, 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 $ 714,076 million, a change of $ + 954 million for the week. The total includes $ 620,012 million of U.S. government securities and $ 94,063 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 $ 15,707 million (daily average over statement week) and $ 15,038 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,707 million (daily average) and $ 15,038 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 787 million (daily average) and $ 1,041 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 $ 417 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 $ 6,264 million and adjustments of $ 435 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 30, 2000 Aug 23, 2000 Sep 1, 1999 ASSETS Gold certificate account 11,046 0 + 1 Special drawing rights certificate account 4,200 0 - 4,000 Coin 760 - 19 + 472 Loans 606 + 19 + 269 Acceptances 0 0 0 Repurchase agreements — triparty (1) 11,935 - 6,395 + 11,935 Federal agency obligations (2) Bought outright 140 0 - 98 Held under repurchase agreements 0 0 - 8,528 U.S. government securities (2) Bought outright—Bills 189,260 + 1,051 - 10,119 Notes (3) 233,656 + 1,339 + 22,827 Bonds (4) 90,179 + 42 + 10,130 Total bought outright (5) 513,095 + 2,431 + 22,838 Held under repurchase agreements 0 0 - 3,825 Total U.S. government securities 513,095 + 2,431 + 19,013 Total loans and securities 525,776 - 3,944 + 22,591 Items in process of collection (645) 7,111 + 134 - 620 Bank premises 1,412 - 9 + 80 Other assets (6) 32,454 + 445 + 952 TOTAL ASSETS (645) 582,759 - 3,394 + 19,476 LIABILITIES Federal Reserve notes 541,360 + 1,302 + 28,570 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,511 - 5,488 - 4,066 U.S. Treasury—general account 5,948 + 798 - 533 Foreign—official accounts 99 + 28 - 76 Other (0) 202 - 1 - 62 Total deposits (0) 19,761 - 4,662 - 4,737 Deferred availability cash items (645) 6,724 - 1 - 909 Other liabilities and accrued dividends (7) 4,374 + 45 - 274 TOTAL LIABILITIES (645) 572,219 - 3,315 + 22,650 CAPITAL ACCOUNTS Capital paid in 6,856 - 42 + 548 Surplus 2,679 0 - 3,273 Other capital accounts 1,005 - 36 - 449 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 $ 330 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 $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,038 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,041 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 30, 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 538 17,840 - 84 10 + 10 8,040 0 16 days to 90 days 68 111,192 + 969 0 - 10 3,895 0 91 days to 1 year 0 129,090 + 1,538 0 0 ——— ——— Over 1 year to 5 years ——— 131,290 + 1 10 0 ——— ——— Over 5 years to 10 years ——— 53,071 + 6 120 0 ——— ——— Over 10 years ——— 70,613 + 2 0 0 ——— ——— Total 606 513,095 + 2,431 140 0 11,935 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 417 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 30, 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 76 0 1 6 6 4 5 0 5 2 10 2 10 2 9 3 4 2 2 4 5 3 7 4 89 Loans 60 6 1 0 4 0 0 1 9 14 2 12 2 15 8 11 4 1 6 30 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 11,93 5 0 11,93 5 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 189,26 0 10,86 5 73,05 5 7,88 3 10,59 1 11,11 0 12,59 8 22,63 8 7,18 9 79 7 6,30 7 5,60 0 20,627 Notes (3) 233,65 6 13,41 4 90,19 2 9,73 2 13,07 6 13,71 6 15,55 3 27,94 9 8,87 6 98 4 7,78 6 6,91 3 25,466 Bonds (4) 90,17 9 5,17 7 34,80 9 3,75 6 5,04 7 5,29 4 6,00 3 10,78 7 3,42 6 38 0 3,00 5 2,66 8 9,829 Total bought outright (5) 513,09 5 29,45 6 198,05 6 21,37 1 28,71 3 30,12 0 34,15 3 61,37 4 19,49 1 2,16 0 17,09 9 15,18 1 55,922 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,09 5 29,45 6 198,05 6 21,37 1 28,71 3 30,12 0 34,15 3 61,37 4 19,49 1 2,16 0 17,09 9 15,18 1 55,922 Total loans and securities 525,77 6 29,46 5 210,04 5 21,38 0 28,72 1 30,12 8 34,18 1 61,53 2 19,61 8 2,31 9 17,21 8 15,20 1 55,967 Items in process of collection 7,75 6 49 3 95 3 40 2 23 7 54 6 63 9 59 8 33 2 47 8 38 5 46 8 2,226 Bank premises 1,41 2 9 4 16 3 4 9 15 6 12 4 21 0 10 5 3 3 12 6 4 9 13 8 165 Other assets (6) 32,45 4 1,54 5 10,90 3 1,10 9 1,90 8 4,98 6 2,12 2 3,12 9 95 9 65 9 93 9 99 6 3,199 Interdistrict settlement account 0 + 86 9 +16,76 2 - 86 8 + 1,37 5 - 38 7 + 1,41 3 - 6,31 1 - 1,30 3 - 1,11 4 - 1,41 7 - 5,29 0 - 3,727 TOTAL ASSETS 583,40 4 33,23 5 244,98 5 22,69 4 33,16 8 36,52 9 39,78 7 60,61 5 20,17 5 2,70 8 17,69 3 12,28 8 59,528 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 $ 330 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 $ 87 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,038 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,041 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 30, 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 541,36 0 31,37 8 230,05 0 21,44 8 30,78 4 32,42 0 37,12 4 57,29 5 19,14 0 1,19 6 16,30 1 10,88 5 53,340 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,51 1 57 2 3,91 3 37 3 1,13 3 85 4 84 1 1,29 9 42 1 50 0 57 7 68 8 2,340 U.S. Treasury—general account 5,94 8 0 5,94 8 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 9 9 1 7 5 1 2 8 2 3 1 1 1 1 3 Other 20 2 0 13 9 0 4 4 8 0 7 0 0 2 1 1 Total deposits 19,76 1 57 4 10,07 5 37 4 1,13 9 91 0 84 3 1,30 8 42 2 50 2 57 9 69 0 2,344 Deferred credit items 7,36 9 57 6 88 2 34 6 28 8 47 9 73 9 55 8 20 7 46 8 37 2 24 0 2,215 Other liabilities and accrued dividends (2) 4,37 4 26 0 1,49 7 19 5 25 3 30 7 33 0 49 4 18 7 6 7 17 2 16 2 451 TOTAL LIABILITIES 572,86 4 32,78 8 242,50 3 22,36 2 32,46 3 34,11 5 39,03 6 59,65 5 19,95 6 2,23 3 17,42 4 11,97 7 58,350 CAPITAL ACCOUNTS Capital paid in 6,85 6 29 2 1,50 7 21 2 46 7 1,68 0 49 0 61 3 13 7 34 9 17 5 18 7 748 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 1,00 5 3 4 42 3 3 6 5 2 3 0 6 8 10 6 1 7 2 8 2 0 3 6 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 583,40 4 33,23 5 244,98 5 22,69 4 33,16 8 36,52 9 39,78 7 60,61 5 20,17 5 2,70 8 17,69 3 12,28 8 59,528 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 767,11 7 37,95 3 307,70 9 31,73 9 37,51 4 51,47 3 60,97 7 70,50 4 24,07 0 9,95 5 22,03 1 33,37 0 79,822 Less—Held by F.R. Banks 225,75 7 6,57 5 77,65 9 10,29 1 6,73 1 19,05 3 23,85 3 13,20 9 4,93 0 8,75 9 5,73 0 22,48 5 26,482 F.R. notes, net 541,36 0 31,37 8 230,05 0 21,44 8 30,78 4 32,42 0 37,12 4 57,29 5 19,14 0 1,19 6 16,30 1 10,88 5 53,340 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 944 U.S. govt. and agency securities (3) 525,170 Total collateral 541,360 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.