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. September 14, 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 Sep 13, 2000 Sep 6, 2000 Sep 15, 1999 Sep 13, 2000 Reserve Bank Credit 559,373 - 3,508 + 24,757 559,830 U.S. government securities (1) Bought outright-system account (2,3) 512,218 + 1,095 + 21,569 510,829 Held under repurchase agreements 0 0 - 1,268 0 Federal agency obligations (1) Bought outright 136 - 4 - 102 130 Held under repurchase agreements 0 0 - 8,224 0 Repurchase agreements — triparty (4) 11,205 - 6,459 + 11,205 11,840 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 32 - 19 8 Seasonal credit 422 - 109 + 154 387 Extended credit 0 0 0 0 Float 1,428 + 1,437 + 480 2,475 Other F.R. assets 33,959 + 563 + 961 34,161 Gold stock 11,046 0 0 11,046 Special drawing rights certificate account 4,200 0 - 3,857 4,200 Treasury currency outstanding 30,119 + 14 + 2,752 30,119 Total factors supplying reserve funds 604,737 - 3,494 + 23,651 605,194 Currency in circulation* 571,534 - 659 + 28,908 571,252 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 167 + 1 + 80 162 Deposits, other than reserve balances, with F.R. Banks Treasury 4,627 - 967 - 853 5,348 Foreign 80 + 6 - 149 74 Service-related balances and adjustments (5) 6,589 - 204 - 530 6,589 Other 237 - 11 - 32 188 Other F.R. liabilities and capital 15,278 + 122 - 2,967 14,949 Total factors, other than reserve balances, absorbing reserve funds 598,512 - 1,711 + 24,457 598,561 Reserve balances with F.R. Banks (6) 6,225 - 1,783 - 806 6,633 On September 13, 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 $ 712,875 million, a change of $ - 1,449 million for the week. The total includes $ 616,840 million of U.S. government securities and $ 96,036 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 $ 16,566 million (daily average over statement week) and $ 18,094 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,566 million (daily average) and $ 18,094 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 124 million (daily average) and $ 566 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 $ 425 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 $ 6,260 million and adjustments of $ 329 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 Sep 13, 2000 Sep 6, 2000 Sep 15, 1999 ASSETS Gold certificate account 11,046 0 0 Special drawing rights certificate account 4,200 0 - 3,000 Coin 735 + 6 + 452 Loans 395 - 238 + 89 Acceptances 0 0 0 Repurchase agreements — triparty (1) 11,840 - 4,840 + 11,840 Federal agency obligations (2) Bought outright 130 - 10 - 108 Held under repurchase agreements 0 0 - 13,040 U.S. government securities (2) Bought outright—Bills 186,477 - 2,518 - 12,806 Notes (3) 233,651 + 879 + 21,856 Bonds (4) 90,700 + 21 + 10,649 Total bought outright (5) 510,829 - 1,618 + 19,700 Held under repurchase agreements 0 0 - 1,335 Total U.S. government securities 510,829 - 1,618 + 18,365 Total loans and securities 523,193 - 6,706 + 17,145 Items in process of collection (855) 9,980 - 1,537 + 1,581 Bank premises 1,420 + 1 + 87 Other assets (6) 32,801 + 434 + 871 TOTAL ASSETS (855) 583,375 - 7,803 + 17,137 LIABILITIES Federal Reserve notes 542,030 - 2,312 + 25,514 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,871 - 4,379 - 578 U.S. Treasury—general account 5,348 + 989 - 4,780 Foreign—official accounts 74 - 1 - 168 Other (0) 188 - 59 - 68 Total deposits (0) 18,480 - 3,452 - 5,595 Deferred availability cash items (855) 7,916 - 2,060 + 377 Other liabilities and accrued dividends (7) 4,369 - 58 - 291 TOTAL LIABILITIES (855) 572,794 - 7,883 + 20,004 CAPITAL ACCOUNTS Capital paid in 6,920 + 46 + 608 Surplus 2,679 0 - 3,273 Other capital accounts 982 + 34 - 202 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 $ 335 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 $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,094 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 566 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, September 13, 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 82 18,333 + 2,874 0 - 10 7,890 0 16 days to 90 days 313 110,937 - 816 0 0 3,950 0 91 days to 1 year 0 126,872 - 4,575 0 0 ——— ——— Over 1 year to 5 years ——— 130,499 + 898 30 + 20 ——— ——— Over 5 years to 10 years ——— 53,075 + 1 100 - 20 ——— ——— Over 10 years ——— 71,113 + 1 0 0 ——— ——— Total 395 510,829 - 1,618 130 - 10 11,840 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 425 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 September 13, 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 73 5 1 6 6 2 4 7 4 8 9 8 10 0 9 2 4 0 2 3 5 1 6 9 89 Loans 39 5 0 0 6 0 0 1 6 8 5 7 7 10 9 7 8 1 6 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 11,84 0 0 11,84 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 13 0 7 5 0 5 7 8 9 1 6 5 1 4 4 14 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 186,47 7 10,70 5 71,98 1 7,76 7 10,43 5 10,94 7 12,41 2 22,30 5 7,08 4 78 5 6,21 4 5,51 7 20,324 Notes (3) 233,65 1 13,41 4 90,19 0 9,73 2 13,07 5 13,71 6 15,55 2 27,94 8 8,87 6 98 4 7,78 6 6,91 3 25,465 Bonds (4) 90,70 0 5,20 7 35,01 1 3,77 8 5,07 6 5,32 4 6,03 7 10,84 9 3,44 5 38 2 3,02 3 2,68 4 9,885 Total bought outright (5) 510,82 9 29,32 6 197,18 1 21,27 6 28,58 7 29,98 7 34,00 2 61,10 3 19,40 5 2,15 0 17,02 3 15,11 4 55,675 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,82 9 29,32 6 197,18 1 21,27 6 28,58 7 29,98 7 34,00 2 61,10 3 19,40 5 2,15 0 17,02 3 15,11 4 55,675 Total loans and securities 523,19 3 29,33 3 209,07 1 21,28 7 28,59 4 29,99 4 34,02 7 61,20 3 19,48 7 2,26 0 17,10 5 15,13 4 55,697 Items in process of collection 10,83 5 60 4 1,30 3 60 8 37 6 86 1 1,12 1 67 8 35 8 73 2 65 4 78 6 2,754 Bank premises 1,42 0 9 3 16 3 4 9 15 6 12 4 21 8 10 5 3 3 12 6 4 9 13 8 165 Other assets (6) 32,80 1 1,55 6 11,02 3 1,18 5 1,91 9 4,99 6 2,14 7 3,18 4 96 4 65 5 94 6 1,00 2 3,224 Interdistrict settlement account 0 + 83 8 +16,22 3 - 1,16 6 + 1,21 8 + 77 9 + 96 4 - 5,60 0 - 87 1 - 1,24 6 - 1,54 9 - 5,29 8 - 4,294 TOTAL ASSETS 584,23 1 33,19 4 243,94 2 22,58 2 33,03 0 37,88 3 39,69 5 61,13 2 20,50 6 2,76 7 17,72 2 12,53 2 59,245 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 $ 335 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 $ 89 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,094 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 566 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 September 13, 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 542,03 0 31,21 6 231,16 8 21,31 9 30,93 6 32,40 4 36,96 6 57,38 9 19,15 0 1,18 8 16,39 7 10,84 5 53,053 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,87 1 60 9 2,33 4 37 2 74 8 1,86 0 76 1 1,63 0 70 4 51 0 45 7 86 0 2,026 U.S. Treasury—general account 5,34 8 0 5,34 8 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 18 8 0 13 4 1 4 4 0 0 6 0 0 1 1 1 Total deposits 18,48 0 61 1 7,86 5 37 4 75 4 1,90 8 76 3 1,63 8 70 5 51 1 45 9 86 2 2,030 Deferred credit items 8,77 1 55 3 1,01 6 36 2 37 7 84 1 88 1 64 9 24 5 51 5 42 6 37 5 2,532 Other liabilities and accrued dividends (2) 4,36 9 25 6 1,48 8 19 6 25 5 30 8 33 4 49 6 18 2 6 9 17 2 16 0 452 TOTAL LIABILITIES 573,65 0 32,63 7 241,53 7 22,25 0 32,32 1 35,46 1 38,94 6 60,17 2 20,28 2 2,28 3 17,45 3 12,24 2 58,067 CAPITAL ACCOUNTS Capital paid in 6,92 0 36 7 1,48 7 21 2 46 8 1,68 0 49 0 61 3 13 5 35 7 17 5 18 7 749 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 2 7 0 36 7 3 7 5 6 3 7 6 8 10 6 2 3 3 0 2 0 1 6 154 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 584,23 1 33,19 4 243,94 2 22,58 2 33,03 0 37,88 3 39,69 5 61,13 2 20,50 6 2,76 7 17,72 2 12,53 2 59,245 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 765,86 2 37,82 8 307,43 2 31,60 4 37,57 5 51,85 9 60,84 3 70,41 5 23,98 5 9,90 5 21,93 8 33,17 5 79,302 Less—Held by F.R. Banks 223,83 2 6,61 2 76,26 4 10,28 5 6,64 0 19,45 5 23,87 6 13,02 7 4,83 5 8,71 8 5,54 1 22,33 1 26,249 F.R. notes, net 542,03 0 31,21 6 231,16 8 21,31 9 30,93 6 32,40 4 36,96 6 57,38 9 19,15 0 1,18 8 16,39 7 10,84 5 53,053 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 4,200 Other eligible assets 3,985 U.S. govt. and agency securities (3) 522,799 Total collateral 542,030 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.