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. December 7, 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 Dec 6, 2000 Nov 29, 2000 Dec 8, 1999 Dec 6, 2000 Reserve Bank Credit 571,915 - 1,660 - 2,641 570,757 U.S. government securities (1) Bought outright-system account (2,3) 513,267 - 422 + 19,269 513,100 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) 23,677 - 1,043 - 22,077 22,525 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 69 + 21 + 48 13 Seasonal credit 121 - 27 + 60 121 Extended credit 0 0 0 0 Float 544 - 129 - 678 549 Other F.R. assets 34,106 - 60 + 796 34,319 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 3,200 0 - 4,000 3,200 Treasury currency outstanding 30,937 + 26 + 3,065 30,937 Total factors supplying reserve funds 617,097 - 1,634 - 3,580 615,939 Currency in circulation* 578,814 - 1,230 - 6,402 579,915 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 353 + 38 + 241 403 Deposits, other than reserve balances, with F.R. Banks Treasury 5,275 + 335 + 475 5,215 Foreign 81 + 7 - 105 89 Service-related balances and adjustments (5) 6,606 - 152 - 487 6,606 Other 263 + 34 + 39 244 Other F.R. liabilities and capital 18,272 + 245 - 73 18,074 Total factors, other than reserve balances, absorbing reserve funds 609,664 - 724 - 6,312 610,546 Reserve balances with F.R. Banks (6) 7,433 - 910 + 2,732 5,393 On December 6, 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 $ 689,145 million, a change of $ + 5,122 million for the week. The total includes $ 589,255 million of U.S. government securities and $ 99,890 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 $ 16,942 million (daily average over statement week) and $ 17,141 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,942 million (daily average) and $ 17,141 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 657 million (daily average) and $ 50 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 $ 520 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 $ 6,180 million and adjustments of $ 426 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 Dec 6, 2000 Nov 29, 2000 Dec 8, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 3,200 0 - 4,000 Coin 914 + 22 + 686 Loans 134 - 304 + 36 Acceptances 0 0 0 Repurchase agreements — triparty (1) 22,525 - 3,105 - 24,500 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,384 - 433 - 15,849 Notes (3) 237,028 - 776 + 23,755 Bonds (4) 92,688 + 1 + 10,450 Total bought outright (5) 513,100 - 1,208 + 18,356 Held under repurchase agreements 0 0 0 Total U.S. government securities 513,100 - 1,208 + 18,356 Total loans and securities 535,889 - 4,617 - 6,159 Items in process of collection (833) 9,378 + 2,180 + 420 Bank premises 1,441 0 + 87 Other assets (6) 32,797 - 203 + 716 TOTAL ASSETS (833) 594,665 - 2,617 - 8,252 LIABILITIES Federal Reserve notes 550,295 - 662 - 11,301 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,155 - 4,207 + 1,966 U.S. Treasury—general account 5,215 + 159 + 88 Foreign—official accounts 89 + 16 - 89 Other (0) 244 + 17 + 30 Total deposits (0) 17,702 - 4,016 + 1,993 Deferred availability cash items (833) 8,594 + 1,900 + 1,125 Other liabilities and accrued dividends (7) 4,397 - 12 - 60 TOTAL LIABILITIES (833) 580,988 - 2,790 - 8,244 CAPITAL ACCOUNTS Capital paid in 7,088 + 17 + 676 Surplus 2,679 0 - 3,273 Other capital accounts 3,910 + 156 + 2,590 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 $ 418 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 $ 102 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 50 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, December 6, 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 41 17,413 + 1,935 0 0 11,515 0 16 days to 90 days 93 115,290 + 979 0 0 11,010 0 91 days to 1 year 0 123,073 - 3,291 0 0 ——— ——— Over 1 year to 5 years ——— 131,746 - 835 130 0 ——— ——— Over 5 years to 10 years ——— 54,684 + 3 0 0 ——— ——— Over 10 years ——— 70,894 + 1 0 0 ——— ——— Total 134 513,100 - 1,208 130 0 22,525 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 520 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 December 6, 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 91 4 3 6 7 7 5 3 5 5 11 4 9 8 9 7 5 0 3 3 6 7 8 3 151 Loans 13 4 0 1 0 0 0 0 4 0 2 1 1 3 3 8 2 1 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 22,52 5 0 22,52 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 183,38 4 10,52 8 70,78 7 7,63 8 10,26 2 10,76 5 12,20 7 21,93 6 6,96 6 77 2 6,11 1 5,42 6 19,987 Notes (3) 237,02 8 13,60 7 91,49 3 9,87 2 13,26 4 13,91 4 15,77 7 28,35 2 9,00 4 99 8 7,89 9 7,01 3 25,833 Bonds (4) 92,68 8 5,32 1 35,77 8 3,86 0 5,18 7 5,44 1 6,17 0 11,08 7 3,52 1 39 0 3,08 9 2,74 2 10,102 Total bought outright (5) 513,10 0 29,45 6 198,05 8 21,37 1 28,71 4 30,12 0 34,15 3 61,37 4 19,49 1 2,16 0 17,09 9 15,18 1 55,922 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,10 0 29,45 6 198,05 8 21,37 1 28,71 4 30,12 0 34,15 3 61,37 4 19,49 1 2,16 0 17,09 9 15,18 1 55,922 Total loans and securities 535,88 9 29,46 4 220,63 4 21,37 6 28,72 1 30,12 8 34,16 2 61,43 0 19,51 7 2,17 4 17,14 1 15,20 6 55,937 Items in process of collection 10,21 2 47 6 1,12 6 51 3 43 6 81 5 92 0 83 1 46 1 73 0 84 9 61 9 2,435 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) 32,79 7 1,54 5 11,06 8 1,17 7 1,91 5 5,05 2 2,13 9 3,13 7 95 4 66 0 94 4 99 9 3,207 Interdistrict settlement account 0 + 1,19 4 +12,36 0 - 11 5 + 1,33 6 + 27 1 + 2,10 4 - 2,79 2 - 1,11 4 - 24 7 - 1,08 7 - 7,18 3 - 4,728 TOTAL ASSETS 595,49 9 33,51 2 251,12 9 23,58 8 33,28 8 37,46 9 40,70 2 64,18 0 20,36 4 3,67 8 18,39 8 10,51 9 58,672 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 $ 418 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 $ 102 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 50 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 December 6, 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 550,29 5 31,32 7 237,17 9 21,90 0 31,01 9 32,81 7 37,40 7 59,88 3 19,22 4 1,39 4 16,62 2 9,12 2 52,401 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,15 5 50 4 2,56 4 45 6 65 0 93 5 90 7 1,73 4 40 4 1,08 9 73 2 52 5 1,656 U.S. Treasury—general account 5,21 5 0 5,21 5 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 9 1 6 5 1 2 8 2 3 1 1 1 1 3 Other 24 4 0 13 5 2 1 6 5 1 2 0 1 3 2 1 3 Total deposits 17,70 2 50 5 7,97 8 45 9 65 4 1,00 8 91 0 1,73 8 40 5 1,09 1 76 4 52 6 1,663 Deferred credit items 9,42 7 66 6 1,17 3 53 8 39 6 73 3 1,02 2 73 2 25 5 62 9 46 6 32 1 2,495 Other liabilities and accrued dividends (2) 4,39 7 25 9 1,48 1 19 6 25 3 32 5 33 8 49 5 17 9 7 3 17 0 15 9 467 TOTAL LIABILITIES 581,82 1 32,75 8 247,81 1 23,09 4 32,32 1 34,88 3 39,67 7 62,84 9 20,06 3 3,18 7 18,02 3 10,12 9 57,027 CAPITAL ACCOUNTS Capital paid in 7,08 8 35 8 1,53 0 23 6 49 9 1,67 8 49 3 63 1 13 8 36 8 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 3,91 0 27 6 1,23 5 17 5 28 3 20 4 34 0 45 9 9 7 2 5 12 3 11 6 579 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 595,49 9 33,51 2 251,12 9 23,58 8 33,28 8 37,46 9 40,70 2 64,18 0 20,36 4 3,67 8 18,39 8 10,51 9 58,672 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 755,56 5 37,00 3 302,48 9 31,73 6 36,66 8 51,22 6 60,69 0 71,05 7 23,36 7 9,64 8 21,71 3 32,53 8 77,430 Less—Held by F.R. Banks 205,27 0 5,67 5 65,31 0 9,83 6 5,65 0 18,40 9 23,28 3 11,17 4 4,14 3 8,25 4 5,09 1 23,41 6 25,029 F.R. notes, net 550,29 5 31,32 7 237,17 9 21,90 0 31,01 9 32,81 7 37,40 7 59,88 3 19,22 4 1,39 4 16,62 2 9,12 2 52,401 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 3,200 Other eligible assets 295 U.S. govt. and agency securities (3) 535,755 Total collateral 550,295 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.