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 30, 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 29, 2000 Nov 22, 2000 Dec 1, 1999 Nov 29, 2000 Reserve Bank Credit 573,582 + 5,550 + 38 574,841 U.S. government securities (1) Bought outright-system account (2,3) 513,689 + 664 + 20,112 514,308 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) 24,720 + 5,102 - 21,383 25,630 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 48 - 368 - 11 286 Seasonal credit 148 0 + 83 152 Extended credit 0 0 0 0 Float 681 - 302 + 480 -105 Other F.R. assets 34,166 + 454 + 816 34,440 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,911 + 2 + 3,080 30,909 Total factors supplying reserve funds 618,738 + 5,552 - 886 619,995 Currency in circulation* 580,044 + 3,896 - 620 580,630 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 315 + 26 + 226 344 Deposits, other than reserve balances, with F.R. Banks Treasury 4,940 - 235 - 167 5,056 Foreign 74 - 18 - 137 73 Service-related balances and adjustments (5) 6,758 + 158 - 537 6,758 Other 229 - 9 - 16 227 Other F.R. liabilities and capital 18,027 + 272 - 366 17,913 Total factors, other than reserve balances, absorbing reserve funds 610,388 + 4,092 - 1,616 611,002 Reserve balances with F.R. Banks (6) 8,351 + 1,461 + 731 8,993 On November 29, 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 $ 684,023 million, a change of $ + 1,298 million for the week. The total includes $ 588,498 million of U.S. government securities and $ 95,525 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 $ 16,674 million (daily average over statement week) and $ 16,611 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,674 million (daily average) and $ 16,611 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 95 million (daily average) and $ 244 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 515 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 $ 546 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 29, 2000 Nov 22, 2000 Dec 1, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 3,200 0 - 4,000 Coin 892 - 13 + 662 Loans 438 + 292 + 353 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,630 + 1,015 - 23,875 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,817 - 66 - 15,024 Notes (3) 237,804 + 559 + 24,533 Bonds (4) 92,687 + 2 + 11,325 Total bought outright (5) 514,308 + 495 + 20,834 Held under repurchase agreements 0 0 0 Total U.S. government securities 514,308 + 495 + 20,834 Total loans and securities 540,506 + 1,802 - 2,739 Items in process of collection (831) 7,198 - 1,274 - 840 Bank premises 1,441 - 2 + 88 Other assets (6) 33,000 + 478 + 1,448 TOTAL ASSETS (831) 597,282 + 989 - 5,384 LIABILITIES Federal Reserve notes 550,957 + 765 - 5,575 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 16,362 + 92 + 1,423 U.S. Treasury—general account 5,056 + 643 - 26 Foreign—official accounts 73 + 2 - 89 Other (0) 227 - 6 - 9 Total deposits (0) 21,718 + 731 + 1,298 Deferred availability cash items (831) 6,694 - 751 - 1,028 Other liabilities and accrued dividends (7) 4,409 + 41 - 48 TOTAL LIABILITIES (831) 583,778 + 786 - 5,353 CAPITAL ACCOUNTS Capital paid in 7,071 + 41 + 697 Surplus 2,679 0 - 3,273 Other capital accounts 3,754 + 162 + 2,545 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 414 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 $ 101 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,611 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 244 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 29, 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 421 15,478 - 2,161 0 0 10,605 0 16 days to 90 days 18 114,311 + 1,724 0 0 15,025 0 91 days to 1 year 0 126,364 + 370 0 0 ——— ——— Over 1 year to 5 years ——— 132,581 + 1 130 0 ——— ——— Over 5 years to 10 years ——— 54,681 + 558 0 0 ——— ——— Over 10 years ——— 70,893 + 2 0 0 ——— ——— Total 438 514,308 + 495 130 0 25,630 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 515 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 29, 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 89 2 3 4 7 7 5 2 5 4 11 1 9 4 9 6 4 6 3 2 6 7 7 9 150 Loans 43 8 0 0 1 0 0 3 32 5 3 0 1 5 4 8 9 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 25,63 0 0 25,63 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 183,81 7 10,55 3 70,95 4 7,65 6 10,28 7 10,79 0 12,23 5 21,98 7 6,98 3 77 4 6,12 6 5,43 9 20,034 Notes (3) 237,80 4 13,65 2 91,79 3 9,90 5 13,30 8 13,96 0 15,82 9 28,44 5 9,03 4 1,00 1 7,92 5 7,03 6 25,918 Bonds (4) 92,68 7 5,32 1 35,77 7 3,86 0 5,18 7 5,44 1 6,16 9 11,08 7 3,52 1 39 0 3,08 9 2,74 2 10,102 Total bought outright (5) 514,30 8 29,52 6 198,52 4 21,42 1 28,78 1 30,19 1 34,23 4 61,51 9 19,53 7 2,16 5 17,13 9 15,21 7 56,054 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 514,30 8 29,52 6 198,52 4 21,42 1 28,78 1 30,19 1 34,23 4 61,51 9 19,53 7 2,16 5 17,13 9 15,21 7 56,054 Total loans and securities 540,50 6 29,53 3 224,20 4 21,42 8 28,78 9 30,19 9 34,24 5 61,85 9 19,57 2 2,18 1 17,19 1 15,23 0 56,076 Items in process of collection 8,02 8 51 0 1,32 4 37 5 16 1 54 9 67 7 48 4 29 4 54 9 45 8 40 5 2,243 Bank premises 1,44 1 9 4 16 6 5 0 15 4 12 6 23 4 10 4 3 4 12 6 4 9 13 8 166 Other assets (6) 33,00 0 1,55 8 11,19 5 1,12 5 1,93 0 5,05 5 2,15 0 3,16 3 96 8 66 5 95 3 1,00 6 3,233 Interdistrict settlement account 0 + 1,03 7 + 7,32 3 - 5 + 1,60 2 + 2,08 1 + 2,66 7 - 3,10 5 - 57 5 - 62 6 - 11 3 - 5,84 7 - 4,441 TOTAL ASSETS 598,11 3 33,46 8 249,98 8 23,55 9 33,36 1 39,08 5 41,11 1 63,97 5 20,79 9 3,12 9 19,04 2 11,66 8 58,929 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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 414 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 $ 101 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,611 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 244 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 29, 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 550,95 7 31,41 4 236,17 8 22,00 1 31,02 9 32,91 0 37,77 7 59,69 9 19,23 3 1,39 0 16,70 2 9,84 7 52,776 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,36 2 58 8 2,84 5 41 0 94 6 2,62 4 1,16 7 1,91 4 85 1 65 1 1,33 7 1,02 2 2,009 U.S. Treasury—general account 5,05 6 0 5,05 6 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 3 1 4 9 1 2 8 2 3 1 1 1 1 3 Other 22 7 0 13 7 1 3 4 5 1 1 0 0 3 4 1 2 Total deposits 21,71 8 58 9 8,08 6 41 2 95 2 2,67 7 1,17 0 1,91 7 85 2 65 2 1,37 2 1,02 4 2,014 Deferred credit items 7,52 5 45 3 94 4 45 4 19 7 61 6 82 8 54 8 23 5 53 4 42 2 24 3 2,050 Other liabilities and accrued dividends (2) 4,40 9 26 1 1,48 6 19 5 25 3 33 4 33 9 49 3 18 5 7 2 17 2 16 1 457 TOTAL LIABILITIES 584,60 9 32,71 8 246,69 5 23,06 1 32,43 2 36,53 8 40,11 4 62,65 7 20,50 5 2,64 8 18,66 8 11,27 6 57,298 CAPITAL ACCOUNTS Capital paid in 7,07 1 35 8 1,52 8 23 6 49 3 1,67 8 49 3 63 1 13 8 35 9 17 8 18 7 791 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 3,75 4 27 2 1,21 3 17 8 25 1 16 5 31 1 44 6 9 1 2 3 12 2 11 7 565 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 598,11 3 33,46 8 249,98 8 23,55 9 33,36 1 39,08 5 41,11 1 63,97 5 20,79 9 3,12 9 19,04 2 11,66 8 58,929 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 756,71 5 37,02 3 302,61 5 31,86 2 36,74 0 51,38 5 60,95 4 70,97 9 23,41 7 9,67 3 21,73 3 32,65 3 77,682 Less—Held by F.R. Banks 205,75 7 5,61 0 66,43 7 9,86 1 5,71 0 18,47 4 23,17 6 11,28 0 4,18 3 8,28 3 5,03 0 22,80 7 24,906 F.R. notes, net 550,95 7 31,41 4 236,17 8 22,00 1 31,02 9 32,91 0 37,77 7 59,69 9 19,23 3 1,39 0 16,70 2 9,84 7 52,776 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) 536,712 Total collateral 550,957 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.