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. November 2, 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 Nov 1, 2000 Oct 25, 2000 Nov 3, 1999 Nov 1, 2000 Reserve Bank Credit 563,958 + 4,435 + 13,228 571,958 U.S. government securities (1) Bought outright-system account (2,3) 510,299 - 165 + 19,383 510,302 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 58 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 16,005 + 4,316 - 7,795 24,940 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 18 - 157 - 86 3 Seasonal credit 240 - 37 + 125 201 Extended credit 0 0 0 0 Float 686 + 286 + 409 174 Other F.R. assets 36,580 + 191 + 1,286 36,209 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,661 + 14 + 3,025 30,661 Total factors supplying reserve funds 608,865 + 4,449 + 12,251 616,865 Currency in circulation* 570,622 + 39 + 13,435 572,260 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 286 - 1 + 192 271 Deposits, other than reserve balances, with F.R. Banks Treasury 5,171 - 107 + 203 5,149 Foreign 81 - 10 - 96 75 Service-related balances and adjustments (5) 6,830 + 132 - 446 6,830 Other 256 + 15 + 26 278 Other F.R. liabilities and capital 16,562 + 496 - 1,762 16,449 Total factors, other than reserve balances, absorbing reserve funds 599,808 + 565 + 11,553 601,312 Reserve balances with F.R. Banks (6) 9,056 + 3,883 + 697 15,554 On November 1, 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 $ 684,762 million, a change of $ - 2,017 million for the week. The total includes $ 591,224 million of U.S. government securities and $ 93,538 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 $ 16,845 million (daily average over statement week) and $ 16,692 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,845 million (daily average) and $ 16,692 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 794 million (daily average) and $ 534 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 $ 436 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 $ 6,346 million and adjustments of $ 484 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 Nov 1, 2000 Oct 25, 2000 Nov 3, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 4,000 Coin 886 + 30 + 581 Loans 203 - 79 - 621 Acceptances 0 0 0 Repurchase agreements — triparty (1) 24,940 + 14,945 - 1,640 Federal agency obligations (2) Bought outright 130 0 - 58 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,312 - 432 - 17,511 Notes (3) 235,603 - 786 + 24,328 Bonds (4) 92,387 + 482 + 11,957 Total bought outright (5) 510,302 - 736 + 18,773 Held under repurchase agreements 0 0 0 Total U.S. government securities 510,302 - 736 + 18,773 Total loans and securities 535,575 + 14,130 + 16,455 Items in process of collection (883) 8,834 - 334 + 400 Bank premises 1,434 + 1 + 88 Other assets (6) 34,752 - 553 + 1,235 TOTAL ASSETS (883) 595,727 + 13,273 + 14,757 LIABILITIES Federal Reserve notes 542,757 + 882 + 9,033 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 22,494 + 9,634 + 7,014 U.S. Treasury—general account 5,149 + 942 - 461 Foreign—official accounts 75 + 4 - 87 Other (0) 278 + 37 + 20 Total deposits (0) 27,995 + 10,615 + 6,484 Deferred availability cash items (883) 8,526 + 1,581 + 830 Other liabilities and accrued dividends (7) 4,296 + 3 - 64 TOTAL LIABILITIES (883) 583,574 + 13,081 + 16,283 CAPITAL ACCOUNTS Capital paid in 6,987 + 6 + 626 Surplus 2,679 0 - 3,273 Other capital accounts 2,487 + 187 + 1,121 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 $ 344 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 $ 92 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,692 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 534 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, November 1, 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 24 17,950 - 1,490 0 0 20,945 0 16 days to 90 days 180 105,007 - 3,791 0 0 3,995 0 91 days to 1 year 0 131,002 + 4,710 0 0 ——— ——— Over 1 year to 5 years ——— 130,667 - 648 30 0 ——— ——— Over 5 years to 10 years ——— 53,530 0 100 0 ——— ——— Over 10 years ——— 72,145 + 482 0 0 ——— ——— Total 203 510,302 - 736 130 0 24,940 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 436 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 November 1, 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 88 6 2 8 7 2 5 2 5 7 11 2 10 4 10 0 4 5 3 1 6 2 7 3 150 Loans 20 3 0 0 0 0 0 5 5 0 5 0 3 0 5 8 1 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 24,94 0 0 24,94 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 182,31 2 10,46 6 70,37 3 7,59 3 10,20 2 10,70 2 12,13 5 21,80 7 6,92 6 76 7 6,07 5 5,39 4 19,870 Notes (3) 235,60 3 13,52 6 90,94 3 9,81 3 13,18 5 13,83 0 15,68 2 28,18 2 8,95 0 99 2 7,85 1 6,97 1 25,678 Bonds (4) 92,38 7 5,30 4 35,66 2 3,84 8 5,17 0 5,42 3 6,14 9 11,05 1 3,51 0 38 9 3,07 9 2,73 4 10,069 Total bought outright (5) 510,30 2 29,29 6 196,97 8 21,25 4 28,55 7 29,95 6 33,96 7 61,04 0 19,38 5 2,14 8 17,00 6 15,09 9 55,617 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 510,30 2 29,29 6 196,97 8 21,25 4 28,55 7 29,95 6 33,96 7 61,04 0 19,38 5 2,14 8 17,00 6 15,09 9 55,617 Total loans and securities 535,57 5 29,30 3 221,96 8 21,26 0 28,56 4 29,96 4 33,98 1 61,10 5 19,44 0 2,17 9 17,06 8 15,11 2 55,632 Items in process of collection 9,71 7 62 5 1,30 8 53 9 31 9 67 3 80 7 43 4 48 0 67 1 58 9 64 1 2,631 Bank premises 1,43 4 9 3 16 6 5 0 15 5 12 5 23 0 10 4 3 3 12 6 4 9 13 7 165 Other assets (6) 34,75 2 1,66 6 11,79 6 1,23 0 2,03 5 5,15 5 2,27 3 3,38 3 1,03 7 67 1 1,01 2 1,06 0 3,432 Interdistrict settlement account 0 + 1,53 5 + 9,80 6 - 47 4 + 1,77 1 + 1,10 9 + 2,09 5 - 3,77 9 - 85 6 - 69 0 - 1,25 9 - 5,11 8 - 4,142 TOTAL ASSETS 596,61 0 33,95 2 250,81 5 23,19 2 33,57 2 38,10 0 40,53 3 62,72 2 20,64 1 3,18 9 17,95 8 12,56 4 59,371 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 $ 344 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 $ 92 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,692 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 534 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 November 1, 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 542,75 7 30,74 8 232,59 1 21,47 2 30,80 1 32,44 5 37,28 8 57,75 1 19,12 3 1,23 1 16,41 4 10,81 2 52,081 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 22,49 4 1,65 8 7,22 3 54 1 1,25 8 2,10 1 1,14 5 2,70 1 75 8 84 7 55 4 90 1 2,809 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 7 5 1 5 1 1 2 8 2 3 1 1 1 1 3 Other 27 8 0 13 8 1 2 12 5 1 1 1 0 3 1 3 Total deposits 27,99 5 1,66 0 12,56 0 54 3 1,26 2 2,23 4 1,14 8 2,70 4 76 0 84 8 55 8 90 3 2,815 Deferred credit items 9,40 9 61 9 1,06 8 56 8 49 9 68 3 92 7 64 8 29 8 56 5 50 1 36 5 2,667 Other liabilities and accrued dividends (2) 4,29 6 25 5 1,45 9 19 2 24 9 31 5 33 2 48 3 17 7 7 0 16 8 15 6 441 TOTAL LIABILITIES 584,45 7 33,28 2 247,67 8 22,77 5 32,81 1 35,67 6 39,69 5 61,58 7 20,35 8 2,71 4 17,64 0 12,23 6 58,005 CAPITAL ACCOUNTS Capital paid in 6,98 7 35 8 1,49 3 23 7 46 0 1,68 6 49 2 61 6 13 8 35 9 17 8 18 6 784 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 2,48 7 19 2 1,09 2 9 7 11 7 3 3 15 4 27 8 7 8 1 9 6 5 5 4 308 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 596,61 0 33,95 2 250,81 5 23,19 2 33,57 2 38,10 0 40,53 3 62,72 2 20,64 1 3,18 9 17,95 8 12,56 4 59,371 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 759,82 0 37,07 8 303,98 3 31,99 2 37,07 0 51,91 5 61,25 0 70,38 6 23,61 0 9,75 3 21,74 7 32,86 4 78,172 Less—Held by F.R. Banks 217,06 3 6,32 9 71,39 2 10,52 0 6,26 9 19,47 0 23,96 1 12,63 5 4,48 7 8,52 2 5,33 3 22,05 2 26,091 F.R. notes, net 542,75 7 30,74 8 232,59 1 21,47 2 30,80 1 32,44 5 37,28 8 57,75 1 19,12 3 1,23 1 16,41 4 10,81 2 52,081 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) 528,511 Total collateral 542,757 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.