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 19, 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 18, 2000 Oct 11, 2000 Oct 20, 1999 Oct 18, 2000 Reserve Bank Credit 561,873 + 166 + 17,409 565,646 U.S. government securities (1) Bought outright-system account (2,3) 509,485 - 2,600 + 18,578 510,168 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 68 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 14,330 + 3,391 - 3,793 18,843 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 299 + 263 + 284 12 Seasonal credit 301 - 24 + 77 290 Extended credit 0 0 0 0 Float 1,174 - 1,418 + 621 -150 Other F.R. assets 36,154 + 554 + 1,710 36,352 Gold stock 11,046 0 - 4 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,437 + 14 + 2,883 30,437 Total factors supplying reserve funds 606,556 + 180 + 16,288 610,329 Currency in circulation* 571,907 - 522 + 20,208 571,964 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 256 + 54 + 162 289 Deposits, other than reserve balances, with F.R. Banks Treasury 5,170 - 154 - 251 5,149 Foreign 108 + 19 - 79 87 Service-related balances and adjustments (5) 6,614 - 100 - 482 6,614 Other 250 - 19 - 41 269 Other F.R. liabilities and capital 15,427 + 221 - 2,905 15,652 Total factors, other than reserve balances, absorbing reserve funds 599,732 - 501 + 16,611 600,024 Reserve balances with F.R. Banks (6) 6,824 + 681 - 323 10,305 On October 18, 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 $ 689,632 million, a change of $ - 4,941 million for the week. The total includes $ 593,453 million of U.S. government securities and $ 96,179 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 $ 16,681 million (daily average over statement week) and $ 16,007 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,351 million (daily average) and $ 16,007 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,986 million (daily average) and $ 613 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 $ 434 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 $ 261 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 18, 2000 Oct 11, 2000 Oct 20, 1999 ASSETS Gold certificate account 11,046 0 - 4 Special drawing rights certificate account 3,200 0 - 4,000 Coin 824 + 1 + 507 Loans 303 - 41 + 75 Acceptances 0 0 0 Repurchase agreements — triparty (1) 18,843 + 7,303 - 4,707 Federal agency obligations (2) Bought outright 130 0 - 68 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,609 - 2,505 - 17,060 Notes (3) 235,727 + 1 + 24,457 Bonds (4) 91,833 + 500 + 11,405 Total bought outright (5) 510,168 - 2,005 + 18,801 Held under repurchase agreements 0 0 0 Total U.S. government securities 510,168 - 2,005 + 18,801 Total loans and securities 529,444 + 5,257 + 14,101 Items in process of collection (1,107) 8,495 - 6,382 + 839 Bank premises 1,433 + 1 + 91 Other assets (6) 34,914 + 387 + 1,689 TOTAL ASSETS (1,107) 589,355 - 738 + 13,223 LIABILITIES Federal Reserve notes 542,639 - 1,583 + 16,712 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 17,471 + 3,922 - 2,162 U.S. Treasury—general account 5,149 - 1,013 + 224 Foreign—official accounts 87 + 2 - 80 Other (0) 269 + 16 - 42 Total deposits (0) 22,976 + 2,926 - 2,059 Deferred availability cash items (1,107) 8,088 - 2,739 + 909 Other liabilities and accrued dividends (7) 4,295 + 8 - 168 TOTAL LIABILITIES (1,107) 577,998 - 1,388 + 15,394 CAPITAL ACCOUNTS Capital paid in 6,982 + 37 + 645 Surplus 2,679 0 - 3,273 Other capital accounts 1,697 + 614 + 458 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 $ 343 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 $ 16,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 613 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 18, 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 286 17,280 - 2,353 0 0 12,843 0 16 days to 90 days 16 111,121 - 1,526 0 0 6,000 0 91 days to 1 year 0 125,994 + 1,373 0 0 ——— ——— Over 1 year to 5 years ——— 130,581 0 30 0 ——— ——— Over 5 years to 10 years ——— 53,529 0 100 0 ——— ——— Over 10 years ——— 71,663 + 500 0 0 ——— ——— Total 303 510,168 - 2,005 130 0 18,843 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 434 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 18, 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 4 2 5 6 8 4 8 5 2 10 3 10 4 9 5 4 1 2 7 5 8 6 6 137 Loans 30 3 5 0 0 0 1 1 3 7 0 6 8 7 0 6 6 1 0 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 18,84 3 0 18,84 3 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 182,60 9 10,48 3 70,48 7 7,60 6 10,21 9 10,72 0 12,15 5 21,84 3 6,93 7 76 9 6,08 5 5,40 3 19,902 Notes (3) 235,72 7 13,53 3 90,99 1 9,81 8 13,19 2 13,83 8 15,69 1 28,19 6 8,95 5 99 2 7,85 5 6,97 5 25,692 Bonds (4) 91,83 3 5,27 2 35,44 8 3,82 5 5,13 9 5,39 1 6,11 3 10,98 5 3,48 8 38 7 3,06 0 2,71 7 10,009 Total bought outright (5) 510,16 8 29,28 8 196,92 6 21,24 9 28,55 0 29,94 8 33,95 8 61,02 4 19,38 0 2,14 8 17,00 1 15,09 5 55,603 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,16 8 29,28 8 196,92 6 21,24 9 28,55 0 29,94 8 33,95 8 61,02 4 19,38 0 2,14 8 17,00 1 15,09 5 55,603 Total loans and securities 529,44 4 29,30 0 215,81 9 21,25 4 28,55 7 29,95 6 33,98 0 61,10 9 19,45 2 2,21 8 17,07 2 15,10 8 55,619 Items in process of collection 9,60 2 61 2 1,68 6 32 8 50 4 76 6 71 6 61 3 45 3 55 2 57 6 59 9 2,197 Bank premises 1,43 3 9 4 16 6 5 0 15 6 12 5 22 8 10 5 3 3 12 6 4 9 13 8 166 Other assets (6) 34,91 4 1,67 0 11,76 7 1,26 5 2,04 2 5,24 2 2,27 3 3,39 1 1,03 6 68 1 1,01 1 1,09 1 3,444 Interdistrict settlement account 0 + 80 6 +10,78 0 - 81 8 + 1,81 5 + 1,69 0 + 1,89 8 - 4,18 7 - 95 2 - 53 1 - 93 4 - 4,81 3 - 4,754 TOTAL ASSETS 590,46 2 33,20 8 245,98 4 22,66 0 33,79 6 38,84 5 40,24 2 62,49 8 20,52 7 3,27 5 18,26 9 12,84 6 58,311 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 $ 343 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 $ 16,007 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 613 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 18, 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 542,63 9 30,92 7 232,08 6 21,33 1 30,81 2 32,62 9 37,17 2 57,61 2 19,11 6 1,18 5 16,41 6 10,99 5 52,357 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,47 1 73 9 3,26 1 36 0 1,52 4 2,47 0 1,04 9 2,74 2 71 8 93 6 95 1 1,02 6 1,696 U.S. Treasury—general account 5,14 9 0 5,14 9 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 7 1 6 3 1 2 8 2 3 1 1 1 1 3 Other 26 9 0 16 1 1 3 9 8 0 1 0 0 1 1 1 Total deposits 22,97 6 74 1 8,63 4 36 2 1,52 9 2,57 7 1,05 2 2,74 5 71 9 93 7 95 3 1,02 8 1,699 Deferred credit items 9,19 5 65 1 1,07 5 39 1 47 1 87 8 90 3 62 4 26 3 59 8 44 0 35 8 2,541 Other liabilities and accrued dividends (2) 4,29 5 25 2 1,46 9 19 2 26 0 30 7 32 5 48 4 17 7 6 8 16 6 15 6 440 TOTAL LIABILITIES 579,10 5 32,57 1 243,26 4 22,27 6 33,07 2 36,39 0 39,45 2 61,46 5 20,27 5 2,78 8 17,97 6 12,53 8 57,038 CAPITAL ACCOUNTS Capital paid in 6,98 2 36 8 1,49 3 23 7 46 0 1,68 5 49 1 61 5 13 9 35 7 17 8 18 8 772 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 1,69 7 14 8 67 6 6 4 7 9 6 6 10 8 17 7 4 7 3 2 4 1 3 3 226 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 590,46 2 33,20 8 245,98 4 22,66 0 33,79 6 38,84 5 40,24 2 62,49 8 20,52 7 3,27 5 18,26 9 12,84 6 58,311 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 762,12 3 37,24 4 305,28 3 31,85 2 37,31 7 52,24 5 61,10 6 70,44 0 23,72 5 9,79 8 21,78 8 32,96 1 78,362 Less—Held by F.R. Banks 219,48 4 6,31 7 73,19 7 10,52 0 6,50 5 19,61 7 23,93 4 12,82 9 4,61 0 8,61 3 5,37 1 21,96 6 26,005 F.R. notes, net 542,63 9 30,92 7 232,08 6 21,33 1 30,81 2 32,62 9 37,17 2 57,61 2 19,11 6 1,18 5 16,41 6 10,99 5 52,357 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 0 U.S. govt. and agency securities (3) 528,393 Total collateral 542,639 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.