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 12, 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 11, 2000 Oct 4, 2000 Oct 13, 1999 Oct 11, 2000 Reserve Bank Credit 561,709 - 1,175 + 20,491 564,030 U.S. government securities (1) Bought outright-system account (2,3) 512,085 + 733 + 21,041 512,173 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 89 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 10,939 - 3,575 - 3,720 11,540 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 36 + 1 + 10 32 Seasonal credit 325 - 42 + 62 312 Extended credit 0 0 0 0 Float 2,593 + 1,652 + 1,812 4,016 Other F.R. assets 35,601 + 55 + 1,376 35,827 Gold stock 11,046 0 - 5 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,423 + 14 + 2,910 30,423 Total factors supplying reserve funds 606,378 - 1,161 + 19,396 608,699 Currency in circulation* 572,429 + 3,236 + 22,490 573,571 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 202 + 17 + 105 250 Deposits, other than reserve balances, with F.R. Banks Treasury 5,324 - 1,498 + 89 6,162 Foreign 89 - 29 - 113 85 Service-related balances and adjustments (5) 6,714 - 180 - 366 6,714 Other 269 + 57 - 50 253 Other F.R. liabilities and capital 15,206 - 29 - 2,989 14,993 Total factors, other than reserve balances, absorbing reserve funds 600,233 + 1,575 + 19,167 602,030 Reserve balances with F.R. Banks (6) 6,145 - 2,736 + 229 6,669 On October 11, 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 $ 694,573 million, a change of $ + 276 million for the week. The total includes $ 599,282 million of U.S. government securities and $ 95,290 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 $ 16,120 million (daily average over statement week) and $ 16,117 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,120 million (daily average) and $ 16,117 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 78 million (daily average) and $ 153 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 $ 433 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 $ 6,353 million and adjustments of $ 361 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 11, 2000 Oct 4, 2000 Oct 13, 1999 ASSETS Gold certificate account 11,046 0 - 5 Special drawing rights certificate account 3,200 0 - 4,000 Coin 823 - 3 + 519 Loans 344 - 4 + 83 Acceptances 0 0 0 Repurchase agreements — triparty (1) 11,540 - 835 - 3,980 Federal agency obligations (2) Bought outright 130 0 - 68 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 185,114 + 770 - 14,309 Notes (3) 235,726 + 1 + 23,920 Bonds (4) 91,333 + 1 + 11,279 Total bought outright (5) 512,173 + 771 + 20,891 Held under repurchase agreements 0 0 0 Total U.S. government securities 512,173 + 771 + 20,891 Total loans and securities 524,187 - 68 + 16,926 Items in process of collection (800) 14,877 + 4,615 + 1,000 Bank premises 1,432 + 2 + 91 Other assets (6) 34,527 + 390 + 1,478 TOTAL ASSETS (800) 590,093 + 4,938 + 16,009 LIABILITIES Federal Reserve notes 544,222 + 2,318 + 19,679 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,549 - 1,519 - 1,875 U.S. Treasury—general account 6,162 + 1,344 + 1,214 Foreign—official accounts 85 + 11 - 199 Other (0) 253 - 14 - 17 Total deposits (0) 20,050 - 177 - 877 Deferred availability cash items (800) 10,827 + 2,688 - 12 Other liabilities and accrued dividends (7) 4,287 - 36 + 25 TOTAL LIABILITIES (800) 579,386 + 4,792 + 18,816 CAPITAL ACCOUNTS Capital paid in 6,945 + 2 + 609 Surplus 2,679 0 - 3,273 Other capital accounts 1,083 + 144 - 142 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 $ 342 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 $ 16,117 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 153 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 11, 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 100 19,633 + 5,119 0 0 7,545 0 16 days to 90 days 245 112,647 - 129 0 0 3,995 0 91 days to 1 year 0 124,621 - 4,220 0 0 ——— ——— Over 1 year to 5 years ——— 130,581 0 30 0 ——— ——— Over 5 years to 10 years ——— 53,529 + 1 100 0 ——— ——— Over 10 years ——— 71,163 0 0 0 ——— ——— Total 344 512,173 + 771 130 0 11,540 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 433 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 11, 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 3 2 2 6 6 4 9 5 2 10 0 10 5 9 9 4 3 2 7 6 1 6 9 132 Loans 34 4 5 0 0 0 2 6 9 7 2 7 3 8 0 6 9 1 2 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 11,54 0 0 11,54 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 185,11 4 10,62 7 71,45 5 7,71 0 10,35 9 10,86 7 12,32 2 22,14 2 7,03 2 77 9 6,16 9 5,47 7 20,175 Notes (3) 235,72 6 13,53 3 90,99 1 9,81 8 13,19 1 13,83 8 15,69 1 28,19 6 8,95 5 99 2 7,85 5 6,97 5 25,692 Bonds (4) 91,33 3 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) 512,17 3 29,40 3 197,70 0 21,33 2 28,66 2 30,06 6 34,09 2 61,26 4 19,45 6 2,15 6 17,06 8 15,15 4 55,821 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 512,17 3 29,40 3 197,70 0 21,33 2 28,66 2 30,06 6 34,09 2 61,26 4 19,45 6 2,15 6 17,06 8 15,15 4 55,821 Total loans and securities 524,18 7 29,41 5 209,29 0 21,33 8 28,66 9 30,09 9 34,10 9 61,35 1 19,53 4 2,23 6 17,14 1 15,17 0 55,836 Items in process of collection 15,67 8 1,06 8 2,05 1 73 2 57 1 1,54 5 1,40 3 1,31 5 56 4 90 2 87 3 1,14 6 3,508 Bank premises 1,43 2 9 4 16 5 4 9 15 6 12 5 22 8 10 4 3 3 12 6 4 9 13 8 165 Other assets (6) 34,52 7 1,64 9 11,61 1 1,25 0 2,02 4 5,22 0 2,25 7 3,34 7 1,02 2 68 2 1,00 0 1,05 8 3,407 Interdistrict settlement account 0 + 53 4 +18,07 8 - 1,07 2 + 1,19 9 - 54 1 + 1,83 2 - 6,09 3 - 1,35 1 - 1,22 8 - 1,66 4 - 5,29 4 - 4,400 TOTAL ASSETS 590,89 3 33,48 4 246,96 0 22,87 9 33,34 1 37,51 1 40,97 8 61,49 7 20,30 6 2,94 7 17,89 6 12,94 3 60,150 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 $ 342 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 $ 16,117 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 153 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 11, 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 544,22 2 30,93 2 231,67 1 21,44 1 31,00 4 32,91 0 37,77 9 57,41 8 19,18 3 1,18 0 16,45 9 11,14 4 53,103 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,54 9 86 8 3,50 5 42 6 77 4 85 5 97 6 1,73 2 35 7 46 0 53 0 92 9 2,137 U.S. Treasury—general account 6,16 2 0 6,16 2 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 5 1 6 1 1 2 8 2 3 1 1 1 1 3 Other 25 4 0 13 2 1 4 10 6 0 4 1 3 3 1 1 Total deposits 20,05 0 87 0 9,86 0 42 8 78 0 96 9 97 9 1,73 8 35 9 46 3 53 3 93 1 2,141 Deferred credit items 11,62 7 82 7 1,50 5 48 0 61 6 89 6 1,14 5 89 5 35 9 75 1 46 3 41 8 3,269 Other liabilities and accrued dividends (2) 4,28 7 25 3 1,45 7 19 3 24 9 31 0 32 7 48 5 17 9 6 7 16 8 15 7 442 TOTAL LIABILITIES 580,18 6 32,88 2 244,49 4 22,54 3 32,64 9 35,08 5 40,22 9 60,53 6 20,07 9 2,46 1 17,62 3 12,65 0 58,954 CAPITAL ACCOUNTS Capital paid in 6,94 5 36 8 1,49 3 21 4 46 0 1,68 5 49 1 61 4 14 0 35 7 17 8 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 1,08 3 11 4 42 1 3 9 4 7 3 6 6 7 10 6 2 2 3 1 2 0 1 7 163 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 590,89 3 33,48 4 246,96 0 22,87 9 33,34 1 37,51 1 40,97 8 61,49 7 20,30 6 2,94 7 17,89 6 12,94 3 60,150 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 763,10 0 37,27 7 305,59 8 31,90 0 37,31 5 52,39 0 61,35 2 70,18 7 23,77 1 9,82 8 21,77 2 33,05 9 78,650 Less—Held by F.R. Banks 218,87 8 6,34 5 73,92 7 10,45 9 6,31 1 19,48 0 23,57 4 12,76 9 4,58 8 8,64 8 5,31 4 21,91 5 25,547 F.R. notes, net 544,22 2 30,93 2 231,67 1 21,44 1 31,00 4 32,91 0 37,77 9 57,41 8 19,18 3 1,18 0 16,45 9 11,14 4 53,103 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 6,133 U.S. govt. and agency securities (3) 523,843 Total collateral 544,222 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.