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 9, 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 8, 2000 Nov 1, 2000 Nov 10, 1999 Nov 8, 2000 Reserve Bank Credit 562,411 - 1,417 + 10,169 564,990 U.S. government securities (1) Bought outright-system account (2,3) 510,724 + 425 + 18,764 514,015 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 57 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 14,558 - 1,447 - 9,593 11,975 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 13 - 5 - 78 1 Seasonal credit 175 - 65 + 111 159 Extended credit 0 0 0 0 Float 1,128 + 574 + 607 2,756 Other F.R. assets 35,684 - 898 + 420 35,955 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,675 + 14 + 2,981 30,675 Total factors supplying reserve funds 607,332 - 1,403 + 9,148 609,911 Currency in circulation* 572,169 + 1,547 + 9,263 573,964 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 271 - 15 + 176 272 Deposits, other than reserve balances, with F.R. Banks Treasury 5,073 - 98 + 259 5,459 Foreign 96 + 15 - 91 72 Service-related balances and adjustments (5) 6,777 - 53 - 360 6,777 Other 257 + 1 + 11 229 Other F.R. liabilities and capital 16,865 + 303 - 1,448 17,053 Total factors, other than reserve balances, absorbing reserve funds 601,509 + 1,701 + 7,812 603,826 Reserve balances with F.R. Banks (6) 5,823 - 3,104 + 1,336 6,085 On November 8, 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 $ 685,631 million, a change of $ + 869 million for the week. The total includes $ 590,357 million of U.S. government securities and $ 95,273 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 $ 16,831 million (daily average over statement week) and $ 15,865 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,653 million (daily average) and $ 15,865 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 573 million (daily average) and $ 1,405 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 $ 445 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 $ 6,429 million and adjustments of $ 347 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 8, 2000 Nov 1, 2000 Nov 10, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 4,000 Coin 906 + 20 + 617 Loans 159 - 44 + 67 Acceptances 0 0 0 Repurchase agreements — triparty (1) 11,975 - 12,965 - 15,845 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 185,320 + 3,008 - 14,897 Notes (3) 236,014 + 411 + 24,735 Bonds (4) 92,680 + 293 + 12,248 Total bought outright (5) 514,015 + 3,713 + 22,087 Held under repurchase agreements 0 0 0 Total U.S. government securities 514,015 + 3,713 + 22,087 Total loans and securities 526,279 - 9,296 + 6,258 Items in process of collection (844) 10,238 + 1,404 + 3,254 Bank premises 1,435 + 1 + 88 Other assets (6) 35,263 + 511 + 1,344 TOTAL ASSETS (844) 588,367 - 7,360 + 7,558 LIABILITIES Federal Reserve notes 544,466 + 1,709 + 4,441 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,338 - 9,156 + 3,061 U.S. Treasury—general account 5,459 + 310 + 589 Foreign—official accounts 72 - 3 - 89 Other (0) 229 - 49 - 13 Total deposits (0) 19,098 - 8,897 + 3,547 Deferred availability cash items (844) 7,749 - 777 + 458 Other liabilities and accrued dividends (7) 4,272 - 24 - 71 TOTAL LIABILITIES (844) 575,585 - 7,989 + 8,376 CAPITAL ACCOUNTS Capital paid in 6,988 + 1 + 616 Surplus 2,679 0 - 3,273 Other capital accounts 3,115 + 628 + 1,839 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 $ 351 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 $ 94 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,865 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,405 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 8, 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 48 17,053 - 897 0 0 6,000 0 16 days to 90 days 111 116,675 + 11,668 0 0 5,975 0 91 days to 1 year 0 123,240 - 7,762 0 0 ——— ——— Over 1 year to 5 years ——— 131,364 + 697 30 0 ——— ——— Over 5 years to 10 years ——— 53,536 + 6 100 0 ——— ——— Over 10 years ——— 72,147 + 2 0 0 ——— ——— Total 159 514,015 + 3,713 130 0 11,975 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 445 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 8, 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 90 6 3 2 7 5 5 4 5 9 11 4 10 8 10 0 4 4 3 2 6 3 7 4 151 Loans 15 9 0 0 0 0 0 5 3 5 3 9 2 6 4 6 8 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 11,97 5 0 11,97 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 185,32 0 10,63 9 71,53 4 7,71 9 10,37 1 10,87 9 12,33 5 22,16 7 7,04 0 78 0 6,17 6 5,48 3 20,198 Notes (3) 236,01 4 13,54 9 91,10 2 9,83 0 13,20 8 13,85 5 15,71 0 28,23 1 8,96 6 99 4 7,86 5 6,98 3 25,723 Bonds (4) 92,68 0 5,32 1 35,77 5 3,86 0 5,18 6 5,44 1 6,16 9 11,08 6 3,52 1 39 0 3,08 9 2,74 2 10,101 Total bought outright (5) 514,01 5 29,50 9 198,41 1 21,40 9 28,76 5 30,17 4 34,21 4 61,48 4 19,52 6 2,16 4 17,12 9 15,20 8 56,022 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 514,01 5 29,50 9 198,41 1 21,40 9 28,76 5 30,17 4 34,21 4 61,48 4 19,52 6 2,16 4 17,12 9 15,20 8 56,022 Total loans and securities 526,27 9 29,51 6 210,43 6 21,41 4 28,77 2 30,18 1 34,22 7 61,53 5 19,57 0 2,19 0 17,18 0 15,22 1 56,036 Items in process of collection 11,08 3 54 0 1,28 0 45 0 39 8 74 9 1,65 8 72 4 48 1 60 5 64 8 74 0 2,810 Bank premises 1,43 5 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) 35,26 3 1,69 3 12,00 7 1,22 2 2,06 2 5,18 6 2,31 2 3,44 6 1,05 7 67 4 1,03 1 1,07 7 3,496 Interdistrict settlement account 0 + 53 4 +19,34 0 - 89 8 + 97 3 - 36 8 + 69 5 - 5,19 1 - 1,45 3 - 57 4 - 1,56 1 - 5,95 9 - 5,539 TOTAL ASSETS 589,21 1 33,11 1 249,00 3 22,82 7 33,09 1 36,95 0 40,27 5 62,09 1 20,19 5 3,25 5 17,84 6 11,94 6 58,622 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 $ 351 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 $ 94 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,865 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,405 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 8, 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 544,46 6 31,08 6 233,51 6 21,47 6 30,83 0 32,49 2 37,24 5 58,20 1 19,15 0 1,25 8 16,44 2 10,69 5 52,077 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,33 8 57 7 3,88 5 36 8 68 4 93 4 88 6 1,57 4 33 4 92 8 45 6 49 4 2,216 U.S. Treasury—general account 5,45 9 0 5,45 9 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 2 1 4 8 1 2 8 2 3 1 1 1 1 3 Other 22 9 0 13 7 0 2 7 9 4 1 0 0 3 1 2 Total deposits 19,09 8 57 8 9,52 9 36 9 68 9 1,02 1 89 2 1,57 8 33 6 92 9 46 0 49 6 2,221 Deferred credit items 8,59 4 55 1 1,09 0 34 6 52 3 66 4 92 3 61 6 22 6 52 1 43 7 25 3 2,444 Other liabilities and accrued dividends (2) 4,27 2 19 3 1,46 5 19 5 25 5 31 7 33 6 48 8 17 9 7 0 16 9 15 8 447 TOTAL LIABILITIES 576,42 9 32,40 8 245,60 0 22,38 5 32,29 6 34,49 3 39,39 5 60,88 3 19,89 0 2,77 8 17,50 8 11,60 2 57,189 CAPITAL ACCOUNTS Capital paid in 6,98 8 35 8 1,49 4 23 6 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 3,11 5 22 5 1,35 7 12 2 15 0 6 6 19 6 35 1 10 1 2 0 8 5 7 0 374 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 589,21 1 33,11 1 249,00 3 22,82 7 33,09 1 36,95 0 40,27 5 62,09 1 20,19 5 3,25 5 17,84 6 11,94 6 58,622 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 759,10 5 37,25 5 303,80 1 31,88 2 37,01 6 51,77 4 61,05 4 70,61 2 23,56 6 9,72 2 21,74 8 32,78 0 77,895 Less—Held by F.R. Banks 214,63 8 6,16 9 70,28 5 10,40 7 6,18 6 19,28 2 23,80 9 12,41 0 4,41 6 8,46 5 5,30 7 22,08 5 25,818 F.R. notes, net 544,46 6 31,08 6 233,51 6 21,47 6 30,83 0 32,49 2 37,24 5 58,20 1 19,15 0 1,25 8 16,44 2 10,69 5 52,077 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 4,101 U.S. govt. and agency securities (3) 526,120 Total collateral 544,466 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.