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 24, 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 22, 2000 Nov 15, 2000 Nov 24, 1999 Nov 22, 2000 Reserve Bank Credit 568,034 + 1,217 + 5,206 573,569 U.S. government securities (1) Bought outright-system account (2,3) 513,025 + 689 + 19,024 513,813 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) 19,618 + 2,191 - 15,477 24,615 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 416 + 378 + 347 1 Seasonal credit 148 - 7 + 89 145 Extended credit 0 0 0 0 Float 985 - 89 + 656 905 Other F.R. assets 33,712 - 1,944 + 624 33,959 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,909 + 14 + 3,124 30,909 Total factors supplying reserve funds 613,188 + 1,231 + 4,326 618,723 Currency in circulation* 576,148 + 2,316 + 2,874 579,884 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 289 + 15 + 194 311 Deposits, other than reserve balances, with F.R. Banks Treasury 5,175 - 104 - 165 4,413 Foreign 92 + 13 - 111 71 Service-related balances and adjustments (5) 6,600 - 347 - 562 6,600 Other 238 + 38 - 17 233 Other F.R. liabilities and capital 17,755 + 227 - 682 17,669 Total factors, other than reserve balances, absorbing reserve funds 606,296 + 2,157 + 1,529 609,181 Reserve balances with F.R. Banks (6) 6,892 - 925 + 2,797 9,542 On November 22, 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 $ 682,725 million, a change of $ - 5,152 million for the week. The total includes $ 588,994 million of U.S. government securities and $ 93,731 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 $ 16,431 million (daily average over statement week) and $ 16,407 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,431 million (daily average) and $ 16,407 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,435 million (daily average) and $ 218 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 $ 463 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 $ 6,212 million and adjustments of $ 389 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 22, 2000 Nov 15, 2000 Nov 24, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 4,000 Coin 905 - 4 + 644 Loans 146 - 261 - 226 Acceptances 0 0 0 Repurchase agreements — triparty (1) 24,615 - 1,180 - 16,840 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,883 + 839 - 16,019 Notes (3) 237,245 + 1,224 + 23,979 Bonds (4) 92,685 + 3 + 11,324 Total bought outright (5) 513,813 + 2,065 + 19,284 Held under repurchase agreements 0 0 0 Total U.S. government securities 513,813 + 2,065 + 19,284 Total loans and securities 538,704 + 624 + 2,166 Items in process of collection (1,118) 8,472 + 550 + 268 Bank premises 1,443 + 1 + 95 Other assets (6) 32,522 + 451 + 738 TOTAL ASSETS (1,118) 596,293 + 1,624 - 91 LIABILITIES Federal Reserve notes 550,192 + 4,380 - 1,146 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 16,270 - 2,708 + 1,547 U.S. Treasury—general account 4,413 - 437 - 112 Foreign—official accounts 71 - 19 - 100 Other (0) 233 - 33 - 20 Total deposits (0) 20,987 - 3,196 + 1,314 Deferred availability cash items (1,118) 7,445 + 89 + 267 Other liabilities and accrued dividends (7) 4,368 + 4 - 215 TOTAL LIABILITIES (1,118) 582,992 + 1,276 + 221 CAPITAL ACCOUNTS Capital paid in 7,030 + 42 + 656 Surplus 2,679 0 - 3,273 Other capital accounts 3,592 + 305 + 2,305 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 $ 365 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 $ 98 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,407 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 218 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 22, 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 125 17,639 + 137 0 0 12,595 0 16 days to 90 days 21 112,587 + 3,764 0 0 12,020 0 91 days to 1 year 0 125,994 - 2,482 0 0 ——— ——— Over 1 year to 5 years ——— 132,580 + 639 130 0 ——— ——— Over 5 years to 10 years ——— 54,123 + 6 0 0 ——— ——— Over 10 years ——— 70,891 + 2 0 0 ——— ——— Total 146 513,813 + 2,065 130 0 24,615 0 1 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 463 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 22, 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 5 3 4 7 7 5 2 5 7 11 5 10 0 10 1 4 5 3 4 6 7 7 4 150 Loans 14 6 4 1 0 0 0 3 4 2 3 0 1 7 4 1 9 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 24,61 5 0 24,61 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 183,88 3 10,55 6 70,97 9 7,65 9 10,29 0 10,79 4 12,24 0 21,99 5 6,98 5 77 4 6,12 8 5,44 1 20,041 Notes (3) 237,24 5 13,62 0 91,57 7 9,88 1 13,27 7 13,92 7 15,79 2 28,37 8 9,01 2 99 9 7,90 6 7,02 0 25,857 Bonds (4) 92,68 5 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 10,102 Total bought outright (5) 513,81 3 29,49 7 198,33 3 21,40 1 28,75 4 30,16 2 34,20 1 61,46 0 19,51 8 2,16 3 17,12 3 15,20 3 56,000 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,81 3 29,49 7 198,33 3 21,40 1 28,75 4 30,16 2 34,20 1 61,46 0 19,51 8 2,16 3 17,12 3 15,20 3 56,000 Total loans and securities 538,70 4 29,50 8 222,99 9 21,40 6 28,76 1 30,17 0 34,21 2 61,51 7 19,55 3 2,18 1 17,16 8 15,21 5 56,014 Items in process of collection 9,59 0 47 0 1,03 8 46 8 47 5 77 8 85 3 81 5 47 5 68 5 62 6 52 2 2,384 Bank premises 1,44 3 9 4 16 6 5 0 15 5 12 6 23 5 10 4 3 3 12 6 4 9 13 8 167 Other assets (6) 32,52 2 1,53 4 10,98 4 1,10 7 1,90 4 5,02 9 2,12 1 3,11 1 95 2 66 3 93 8 99 3 3,187 Interdistrict settlement account 0 + 1,30 3 +10,24 4 + 5 9 + 1,47 6 + 48 0 + 2,25 1 - 2,93 2 - 1,22 0 - 70 8 - 93 4 - 5,51 0 - 4,509 TOTAL ASSETS 597,41 1 33,64 6 251,20 7 23,67 6 33,49 8 37,66 0 40,81 6 64,08 9 20,30 1 3,18 2 18,35 0 12,08 9 58,897 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 $ 365 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 $ 98 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,407 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 218 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 22, 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 550,19 2 31,24 2 235,41 6 21,88 9 30,96 7 32,70 0 37,89 5 59,47 4 19,23 0 1,32 2 16,64 7 10,32 2 53,088 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,27 0 83 7 5,44 9 58 9 85 3 1,45 9 73 1 2,13 7 33 5 77 9 63 4 90 4 1,563 U.S. Treasury—general account 4,41 3 0 4,41 3 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 1 1 4 7 1 2 8 2 3 1 1 1 1 3 Other 23 3 0 13 8 0 4 4 3 2 1 1 0 3 4 7 3 Total deposits 20,98 7 83 9 10,04 6 59 0 85 8 1,51 0 73 5 2,14 1 33 7 78 1 66 9 91 2 1,569 Deferred credit items 8,56 4 55 2 99 0 50 7 52 3 61 7 89 2 67 7 25 4 52 9 48 8 31 6 2,219 Other liabilities and accrued dividends (2) 4,36 8 26 4 1,48 2 19 7 25 1 32 2 33 6 49 2 18 0 7 2 16 9 16 0 443 TOTAL LIABILITIES 584,11 1 32,89 7 247,93 4 23,18 3 32,60 0 35,14 9 39,85 8 62,78 4 20,00 1 2,70 3 17,97 4 11,71 0 57,318 CAPITAL ACCOUNTS Capital paid in 7,03 0 35 8 1,49 6 23 6 49 7 1,67 8 49 3 61 7 13 8 35 9 17 8 18 8 791 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 3,59 2 27 1 1,22 5 17 3 21 7 12 8 27 3 44 8 9 6 2 2 12 4 10 4 512 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 597,41 1 33,64 6 251,20 7 23,67 6 33,49 8 37,66 0 40,81 6 64,08 9 20,30 1 3,18 2 18,35 0 12,08 9 58,897 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 757,51 2 37,06 1 302,74 9 31,86 1 36,75 2 51,47 5 61,11 5 70,97 8 23,44 3 9,69 3 21,76 7 32,74 6 77,874 Less—Held by F.R. Banks 207,32 0 5,81 9 67,33 2 9,97 2 5,78 5 18,77 5 23,22 0 11,50 4 4,21 2 8,37 1 5,12 0 22,42 4 24,786 F.R. notes, net 550,19 2 31,24 2 235,41 6 21,88 9 30,96 7 32,70 0 37,89 5 59,47 4 19,23 0 1,32 2 16,64 7 10,32 2 53,088 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) 535,946 Total collateral 550,192 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.