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 16, 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 15, 2000 Nov 8, 2000 Nov 17, 1999 Nov 15, 2000 Reserve Bank Credit 566,796 + 4,385 + 5,074 570,886 U.S. government securities (1) Bought outright-system account (2,3) 512,336 + 1,612 + 19,659 511,748 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 51 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 17,427 + 2,869 - 16,242 25,795 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 38 + 25 - 397 251 Seasonal credit 155 - 20 + 96 156 Extended credit 0 0 0 0 Float 1,054 - 74 + 639 79 Other F.R. assets 35,656 - 28 + 1,375 32,727 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,689 + 14 + 2,950 30,689 Total factors supplying reserve funds 611,731 + 4,399 + 4,021 615,821 Currency in circulation* 573,626 + 1,457 + 5,278 575,306 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 274 + 3 + 179 285 Deposits, other than reserve balances, with F.R. Banks Treasury 5,279 + 206 + 553 4,850 Foreign 79 - 17 - 185 90 Service-related balances and adjustments (5) 6,947 + 170 - 139 6,947 Other 200 - 57 - 56 266 Other F.R. liabilities and capital 17,528 + 663 - 841 17,318 Total factors, other than reserve balances, absorbing reserve funds 603,934 + 2,425 + 4,791 605,063 Reserve balances with F.R. Banks (6) 7,797 + 1,973 - 770 10,758 On November 15, 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 $ 687,877 million, a change of $ + 2,246 million for the week. The total includes $ 593,902 million of U.S. government securities and $ 93,975 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 $ 16,578 million (daily average over statement week) and $ 17,171 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,578 million (daily average) and $ 17,171 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 727 million (daily average) and $ 1,900 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 $ 454 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 $ 519 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 15, 2000 Nov 8, 2000 Nov 17, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 4,000 Coin 909 + 3 + 637 Loans 407 + 248 - 1,777 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,795 + 13,820 - 9,525 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,044 - 2,276 - 17,370 Notes (3) 236,021 + 7 + 23,773 Bonds (4) 92,682 + 2 + 12,248 Total bought outright (5) 511,748 - 2,267 + 18,652 Held under repurchase agreements 0 0 0 Total U.S. government securities 511,748 - 2,267 + 18,652 Total loans and securities 538,080 + 11,801 + 7,298 Items in process of collection (839) 7,922 - 2,316 - 935 Bank premises 1,442 + 7 + 95 Other assets (6) 32,071 - 3,192 + 948 TOTAL ASSETS (839) 594,669 + 6,302 + 4,040 LIABILITIES Federal Reserve notes 545,812 + 1,346 + 1,882 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 18,978 + 5,640 + 4,089 U.S. Treasury—general account 4,850 - 609 - 378 Foreign—official accounts 90 + 18 - 81 Other (0) 266 + 37 + 19 Total deposits (0) 24,183 + 5,085 + 3,647 Deferred availability cash items (839) 7,356 - 393 - 666 Other liabilities and accrued dividends (7) 4,364 + 92 - 154 TOTAL LIABILITIES (839) 581,716 + 6,131 + 4,710 CAPITAL ACCOUNTS Capital paid in 6,988 0 + 610 Surplus 2,679 0 - 3,273 Other capital accounts 3,287 + 172 + 1,993 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 $ 358 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 $ 96 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,171 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,900 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 15, 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 336 17,502 + 449 0 0 15,800 0 16 days to 90 days 71 108,823 - 7,852 0 0 9,995 0 91 days to 1 year 0 128,476 + 5,236 0 0 ——— ——— Over 1 year to 5 years ——— 131,941 + 577 130 + 100 ——— ——— Over 5 years to 10 years ——— 54,117 + 581 0 - 100 ——— ——— Over 10 years ——— 70,889 - 1,258 0 0 ——— ——— Total 407 511,748 - 2,267 130 0 25,795 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 454 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 15, 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 9 3 3 7 5 5 3 5 8 11 5 10 6 10 0 4 5 3 3 6 5 7 5 152 Loans 40 7 2 0 1 0 0 1 8 26 9 3 8 2 4 4 5 8 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 25,79 5 0 25,79 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 183,04 4 10,50 8 70,65 6 7,62 4 10,24 3 10,74 5 12,18 4 21,89 5 6,95 3 77 1 6,10 0 5,41 6 19,950 Notes (3) 236,02 1 13,55 0 91,10 5 9,83 0 13,20 8 13,85 5 15,71 0 28,23 2 8,96 6 99 4 7,86 5 6,98 3 25,724 Bonds (4) 92,68 2 5,32 1 35,77 6 3,86 0 5,18 7 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) 511,74 8 29,37 9 197,53 6 21,31 5 28,63 8 30,04 1 34,06 3 61,21 3 19,44 0 2,15 4 17,05 4 15,14 1 55,775 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 511,74 8 29,37 9 197,53 6 21,31 5 28,63 8 30,04 1 34,06 3 61,21 3 19,44 0 2,15 4 17,05 4 15,14 1 55,775 Total loans and securities 538,08 0 29,38 8 223,38 1 21,32 0 28,64 5 30,04 8 34,09 0 61,49 7 19,48 3 2,17 9 17,10 4 15,15 4 55,791 Items in process of collection 8,76 1 52 5 1,16 3 34 9 42 4 44 2 59 7 69 1 34 4 59 6 75 4 39 7 2,480 Bank premises 1,44 2 9 4 16 6 5 0 15 5 12 6 23 5 10 4 3 3 12 6 4 9 13 8 165 Other assets (6) 32,07 1 1,50 9 10,77 3 1,08 7 1,87 9 4,99 7 2,08 8 3,07 0 94 1 65 8 92 2 98 5 3,162 Interdistrict settlement account 0 + 2,20 6 + 8,40 0 - 20 9 + 2,09 8 + 76 4 + 2,21 5 - 3,17 5 - 59 5 - 53 2 - 77 2 - 5,34 5 - 5,056 TOTAL ASSETS 595,50 8 34,45 7 249,65 7 23,18 5 33,93 0 37,45 5 40,37 5 63,66 0 20,71 3 3,26 1 18,55 8 12,06 0 58,197 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 $ 358 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 $ 96 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,171 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,900 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 15, 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 545,81 2 31,19 9 234,98 3 21,55 6 30,90 5 32,31 5 37,09 1 58,75 8 19,14 3 1,28 5 16,47 3 10,10 8 51,993 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,97 8 1,71 1 3,89 6 56 0 1,55 1 1,67 1 1,17 4 2,54 3 85 2 93 5 98 6 1,13 2 1,967 U.S. Treasury—general account 4,85 0 0 4,85 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 9 0 1 6 6 1 2 8 2 3 1 1 1 1 3 Other 26 6 0 14 2 1 4 4 9 1 1 0 0 4 2 2 2 3 Total deposits 24,18 3 1,71 3 8,95 4 56 1 1,55 7 1,72 8 1,17 7 2,54 7 85 3 93 7 1,02 9 1,15 5 1,973 Deferred credit items 8,19 5 55 1 98 0 40 6 38 9 61 4 85 3 58 5 23 5 49 1 52 9 27 9 2,284 Other liabilities and accrued dividends (2) 4,36 4 25 7 1,48 8 19 6 25 0 31 7 33 6 48 9 18 1 7 1 16 9 16 0 449 TOTAL LIABILITIES 582,55 4 33,72 0 246,40 4 22,71 9 33,10 1 34,97 5 39,45 7 62,38 0 20,41 3 2,78 4 18,20 0 11,70 2 56,700 CAPITAL ACCOUNTS Capital paid in 6,98 8 35 8 1,49 6 23 6 46 0 1,68 1 49 3 61 6 13 8 35 9 17 8 18 6 786 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 3,28 7 25 9 1,20 5 14 6 18 3 9 5 23 3 42 3 9 6 2 1 10 6 8 4 436 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 595,50 8 34,45 7 249,65 7 23,18 5 33,93 0 37,45 5 40,37 5 63,66 0 20,71 3 3,26 1 18,55 8 12,06 0 58,197 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 758,53 0 37,25 9 303,69 2 31,86 8 36,96 0 51,62 3 60,82 9 70,91 8 23,51 2 9,70 1 21,79 0 32,72 7 77,651 Less—Held by F.R. Banks 212,71 8 6,05 9 68,70 9 10,31 2 6,05 5 19,30 8 23,73 8 12,16 0 4,36 8 8,41 6 5,31 6 22,61 8 25,658 F.R. notes, net 545,81 2 31,19 9 234,98 3 21,55 6 30,90 5 32,31 5 37,09 1 58,75 8 19,14 3 1,28 5 16,47 3 10,10 8 51,993 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) 531,566 Total collateral 545,812 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.