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. October 5, 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 Oct 4, 2000 Sep 27, 2000 Oct 6, 1999 Oct 4, 2000 Reserve Bank Credit 562,885 + 4,087 + 23,164 561,054 U.S. government securities (1) Bought outright-system account (2,3) 511,352 + 199 + 20,979 511,402 Held under repurchase agreements 0 0 - 2,981 0 Federal agency obligations (1) Bought outright 130 0 - 99 130 Held under repurchase agreements 0 0 - 10,548 0 Repurchase agreements — triparty (4) 14,514 + 3,089 + 13,941 12,375 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 35 + 17 - 47 3 Seasonal credit 367 - 31 + 84 345 Extended credit 0 0 0 0 Float 942 + 259 + 415 1,670 Other F.R. assets 35,546 + 555 + 1,422 35,128 Gold stock 11,046 0 - 4 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,409 + 14 + 2,952 30,409 Total factors supplying reserve funds 607,540 + 4,101 + 22,111 605,708 Currency in circulation* 569,193 + 1,209 + 24,069 571,294 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 185 + 8 + 92 193 Deposits, other than reserve balances, with F.R. Banks Treasury 6,822 - 535 + 1,365 4,818 Foreign 118 + 41 - 49 74 Service-related balances and adjustments (5) 6,895 - 2 - 497 6,895 Other 212 - 30 - 59 267 Other F.R. liabilities and capital 15,235 - 98 - 3,566 14,885 Total factors, other than reserve balances, absorbing reserve funds 598,659 + 592 + 21,353 598,426 Reserve balances with F.R. Banks (6) 8,881 + 3,509 + 758 7,283 On October 4, 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 $ 694,297 million, a change of $ - 4,163 million for the week. The total includes $ 597,411 million of U.S. government securities and $ 96,885 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 $ 16,640 million (daily average over statement week) and $ 16,704 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,640 million (daily average) and $ 16,704 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 374 million (daily average) and $ 71 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 $ 432 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 $ 6,294 million and adjustments of $ 601 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 Oct 4, 2000 Sep 27, 2000 Oct 6, 1999 ASSETS Gold certificate account 11,046 0 - 4 Special drawing rights certificate account 3,200 0 - 4,000 Coin 826 + 36 + 528 Loans 348 - 66 - 71 Acceptances 0 0 0 Repurchase agreements — triparty (1) 12,375 + 205 + 8,364 Federal agency obligations (2) Bought outright 130 0 - 98 Held under repurchase agreements 0 0 - 7,110 U.S. government securities (2) Bought outright—Bills 184,344 - 1,072 - 15,066 Notes (3) 235,725 + 1 + 23,922 Bonds (4) 91,332 0 + 11,279 Total bought outright (5) 511,402 - 1,070 + 20,136 Held under repurchase agreements 0 0 - 2,160 Total U.S. government securities 511,402 - 1,070 + 17,976 Total loans and securities 524,255 - 931 + 19,061 Items in process of collection (874) 10,262 + 3,190 + 1,212 Bank premises 1,430 + 5 + 90 Other assets (6) 34,137 - 266 + 1,308 TOTAL ASSETS (874) 585,155 + 2,032 + 18,194 LIABILITIES Federal Reserve notes 541,904 + 2,018 + 21,207 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 15,068 + 2,041 + 1,001 U.S. Treasury—general account 4,818 - 3,168 - 441 Foreign—official accounts 74 - 1 - 104 Other (-3) 267 + 78 - 7 Total deposits (-3) 20,227 - 1,049 + 450 Deferred availability cash items (877) 8,139 + 1,212 + 33 Other liabilities and accrued dividends (7) 4,323 - 15 - 360 TOTAL LIABILITIES (874) 574,594 + 2,167 + 21,331 CAPITAL ACCOUNTS Capital paid in 6,943 - 6 + 610 Surplus 2,679 0 - 3,273 Other capital accounts 939 - 128 - 473 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 $ 341 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,704 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 71 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, October 4, 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 53 14,514 - 5,282 0 0 8,380 0 16 days to 90 days 295 112,776 + 5,219 0 0 3,995 0 91 days to 1 year 0 128,841 + 399 0 0 ——— ——— Over 1 year to 5 years ——— 130,581 - 1,406 30 0 ——— ——— Over 5 years to 10 years ——— 53,528 + 1 100 0 ——— ——— Over 10 years ——— 71,163 + 1 0 0 ——— ——— Total 348 511,402 - 1,070 130 0 12,375 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 432 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 October 4, 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. 3,20 0 16 7 1,27 1 12 0 15 1 21 3 24 2 30 9 10 3 4 4 9 6 14 3 341 Coin 82 6 2 3 6 8 4 9 5 1 10 2 10 8 9 5 4 5 2 5 6 1 6 9 131 Loans 34 8 0 0 0 0 2 1 0 7 8 8 3 8 8 7 5 1 1 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 12,37 5 0 12,37 5 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 184,34 4 10,58 3 71,15 7 7,67 8 10,31 6 10,82 1 12,27 0 22,05 0 7,00 3 77 6 6,14 3 5,45 4 20,092 Notes (3) 235,72 5 13,53 3 90,99 0 9,81 8 13,19 1 13,83 8 15,69 0 28,19 6 8,95 5 99 2 7,85 5 6,97 5 25,692 Bonds (4) 91,33 2 5,24 3 35,25 5 3,80 4 5,11 1 5,36 1 6,07 9 10,92 5 3,46 9 38 4 3,04 4 2,70 2 9,954 Total bought outright (5) 511,40 2 29,35 9 197,40 2 21,30 0 28,61 9 30,02 0 34,04 0 61,17 1 19,42 7 2,15 3 17,04 2 15,13 1 55,737 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 511,40 2 29,35 9 197,40 2 21,30 0 28,61 9 30,02 0 34,04 0 61,17 1 19,42 7 2,15 3 17,04 2 15,13 1 55,737 Total loans and securities 524,25 5 29,36 6 209,82 8 21,30 6 28,62 6 30,03 0 34,05 9 61,26 5 19,51 5 2,24 2 17,12 2 15,14 6 55,752 Items in process of collection 11,13 6 58 7 1,31 7 47 5 48 6 78 2 1,43 6 78 9 51 0 77 3 70 2 54 2 2,736 Bank premises 1,43 0 9 3 16 5 4 9 15 6 12 5 22 6 10 4 3 3 12 6 4 9 13 8 165 Other assets (6) 34,13 7 1,62 5 11,44 3 1,23 2 2,00 3 5,18 9 2,22 5 3,29 6 1,00 6 67 9 98 4 1,09 5 3,360 Interdistrict settlement account 0 + 1,30 3 +15,35 7 - 1,05 1 + 1,22 6 + 11 3 + 1,75 1 - 5,72 9 - 1,24 6 - 92 6 - 1,42 2 - 4,91 0 - 4,465 TOTAL ASSETS 586,02 9 33,70 0 243,87 7 22,59 3 33,21 8 37,30 4 40,84 9 61,19 3 20,32 4 3,12 1 17,93 2 12,73 6 59,182 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 $ 341 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 $ 91 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,704 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 71 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 October 4, 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 541,90 4 30,76 1 231,09 1 21,30 3 30,81 8 32,60 9 37,67 9 57,13 2 19,12 8 1,13 9 16,34 8 11,00 5 52,893 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,06 8 1,44 1 2,81 0 37 8 91 1 1,13 9 1,25 5 1,94 5 56 5 86 1 73 4 93 9 2,091 U.S. Treasury—general account 4,81 8 0 4,81 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 26 4 5 5 8 4 1 2 11 6 0 5 1 0 1 1 -2 Total deposits 20,22 4 1,49 7 7,76 3 38 0 91 5 1,26 3 1,25 7 1,95 2 56 6 86 3 73 6 94 0 2,092 Deferred credit items 9,01 6 59 1 1,13 4 39 0 53 4 71 7 84 7 68 0 22 8 56 6 41 4 34 7 2,568 Other liabilities and accrued dividends (2) 4,32 3 25 4 1,47 6 19 3 25 0 31 1 32 4 48 7 17 9 7 0 16 8 15 7 455 TOTAL LIABILITIES 575,46 8 33,10 3 241,46 3 22,26 6 32,51 7 34,90 0 40,10 7 60,25 1 20,10 1 2,63 7 17,66 6 12,44 9 58,008 CAPITAL ACCOUNTS Capital paid in 6,94 3 36 8 1,49 2 21 4 45 9 1,68 4 49 1 61 3 14 0 35 7 17 9 18 8 758 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 93 9 10 8 37 0 3 0 5 7 1 5 5 9 8 8 1 8 2 9 1 3 1 2 141 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 586,02 9 33,70 0 243,87 7 22,59 3 33,21 8 37,30 4 40,84 9 61,19 3 20,32 4 3,12 1 17,93 2 12,73 6 59,182 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 764,06 3 37,34 0 305,78 1 31,94 4 37,30 3 52,51 3 61,50 0 70,20 5 23,80 9 9,85 2 21,80 8 33,14 5 78,864 Less—Held by F.R. Banks 222,15 9 6,57 9 74,69 0 10,64 2 6,48 5 19,90 4 23,82 1 13,07 3 4,68 1 8,71 3 5,46 0 22,14 0 25,971 F.R. notes, net 541,90 4 30,76 1 231,09 1 21,30 3 30,81 8 32,60 9 37,67 9 57,13 2 19,12 8 1,13 9 16,34 8 11,00 5 52,893 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 3,751 U.S. govt. and agency securities (3) 523,907 Total collateral 541,904 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.