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 14, 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 13, 2000 Dec 6, 2000 Dec 15, 1999 Dec 13, 2000 Reserve Bank Credit 572,898 + 984 - 11,231 581,607 U.S. government securities (1) Bought outright-system account (2,3) 513,715 + 448 + 17,981 515,115 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) 22,621 - 1,056 - 30,722 27,260 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 65 - 163 5 Seasonal credit 124 + 3 + 64 129 Extended credit 0 0 0 0 Float 1,725 + 1,182 + 1,077 4,128 Other F.R. assets 34,578 + 472 + 626 34,840 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 3,200 0 - 3,857 3,200 Treasury currency outstanding 30,951 + 14 + 3,043 30,951 Total factors supplying reserve funds 618,094 + 998 - 12,048 626,803 Currency in circulation* 579,644 + 830 - 12,462 582,017 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 403 + 50 + 295 403 Deposits, other than reserve balances, with F.R. Banks Treasury 5,382 + 107 + 109 4,947 Foreign 75 - 6 - 139 72 Service-related balances and adjustments (5) 6,980 + 374 - 358 6,980 Other 244 - 19 + 22 248 Other F.R. liabilities and capital 18,507 + 235 - 136 18,400 Total factors, other than reserve balances, absorbing reserve funds 611,235 + 1,571 - 12,669 613,066 Reserve balances with F.R. Banks (6) 6,859 - 573 + 621 13,737 On December 13, 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 $ 685,553 million, a change of $ - 3,592 million for the week. The total includes $ 585,682 million of U.S. government securities and $ 99,871 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 $ 17,117 million (daily average over statement week) and $ 16,280 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,602 million (daily average) and $ 16,280 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 789 million (daily average) and $ 1,016 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 $ 522 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 $ 6,178 million and adjustments of $ 802 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 13, 2000 Dec 6, 2000 Dec 15, 1999 ASSETS Gold certificate account 11,046 0 - 3 Special drawing rights certificate account 3,200 0 - 3,000 Coin 948 + 34 + 717 Loans 133 - 1 - 1,186 Acceptances 0 0 0 Repurchase agreements — triparty (1) 27,260 + 4,735 - 33,405 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,206 - 178 - 13,988 Notes (3) 239,127 + 2,099 + 24,371 Bonds (4) 92,783 + 95 + 9,806 Total bought outright (5) 515,115 + 2,015 + 20,188 Held under repurchase agreements 0 0 0 Total U.S. government securities 515,115 + 2,015 + 20,188 Total loans and securities 542,639 + 6,750 - 14,453 Items in process of collection (1,071) 12,048 + 2,670 + 3,123 Bank premises 1,442 + 1 + 87 Other assets (6) 33,331 + 534 + 538 TOTAL ASSETS (1,071) 604,654 + 9,989 - 12,991 LIABILITIES Federal Reserve notes 552,417 + 2,122 - 17,630 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 20,817 + 8,662 + 7,990 U.S. Treasury—general account 4,947 - 268 - 2,830 Foreign—official accounts 72 - 17 - 424 Other (0) 248 + 4 + 24 Total deposits (0) 26,084 + 8,382 + 4,761 Deferred availability cash items (1,071) 7,752 - 842 - 175 Other liabilities and accrued dividends (7) 4,622 + 225 + 6 TOTAL LIABILITIES (1,071) 590,876 + 9,888 - 13,038 CAPITAL ACCOUNTS Capital paid in 7,103 + 15 + 705 Surplus 2,679 0 - 3,273 Other capital accounts 3,995 + 85 + 2,614 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 $ 420 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 $ 16,280 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,016 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 13, 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 34 13,288 - 4,125 0 0 10,255 0 16 days to 90 days 99 118,117 + 2,827 0 0 17,005 0 91 days to 1 year 0 125,612 + 2,539 0 0 ——— ——— Over 1 year to 5 years ——— 131,746 0 130 0 ——— ——— Over 5 years to 10 years ——— 55,457 + 773 0 0 ——— ——— Over 10 years ——— 70,895 + 1 0 0 ——— ——— Total 133 515,115 + 2,015 130 0 27,260 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 522 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 13, 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 94 8 4 2 7 8 5 3 6 0 11 6 9 7 10 3 5 3 3 4 7 0 8 7 155 Loans 13 3 1 0 1 0 0 0 4 4 2 4 1 5 3 8 8 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 27,26 0 0 27,26 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 183,20 6 10,51 8 70,71 8 7,63 1 10,25 2 10,75 5 12,19 5 21,91 4 6,95 9 77 1 6,10 5 5,42 1 19,967 Notes (3) 239,12 7 13,72 8 92,30 3 9,96 0 13,38 2 14,03 7 15,91 7 28,60 3 9,08 4 1,00 7 7,96 9 7,07 5 26,062 Bonds (4) 92,78 3 5,32 6 35,81 4 3,86 4 5,19 2 5,44 7 6,17 6 11,09 8 3,52 5 39 1 3,09 2 2,74 5 10,112 Total bought outright (5) 515,11 5 29,57 2 198,83 6 21,45 5 28,82 6 30,23 8 34,28 7 61,61 5 19,56 8 2,16 8 17,16 6 15,24 1 56,142 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 515,11 5 29,57 2 198,83 6 21,45 5 28,82 6 30,23 8 34,28 7 61,61 5 19,56 8 2,16 8 17,16 6 15,24 1 56,142 Total loans and securities 542,63 9 29,58 1 226,14 6 21,46 1 28,83 4 30,24 6 34,29 6 61,67 5 19,59 7 2,18 4 17,20 8 15,25 3 56,159 Items in process of collection 13,12 0 67 0 1,44 7 62 1 48 3 98 4 1,20 4 1,35 3 79 3 65 6 83 3 1,52 3 2,553 Bank premises 1,44 2 9 4 16 6 5 0 15 4 12 6 23 5 10 4 3 4 12 6 4 9 13 8 166 Other assets (6) 33,33 1 1,57 2 11,27 0 1,19 6 1,94 4 5,08 5 2,17 1 3,20 5 97 8 66 4 96 2 1,01 9 3,264 Interdistrict settlement account 0 + 1,63 1 + 9,85 4 - 3 + 1,85 8 + 1,05 5 + 1,88 8 - 2,46 3 - 74 4 - 36 3 - 75 0 - 7,49 0 - 4,473 TOTAL ASSETS 605,72 5 34,29 2 254,66 0 23,91 2 34,00 5 38,57 6 40,93 5 65,35 0 21,17 2 3,50 2 18,80 7 11,18 6 59,328 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 $ 420 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 $ 16,280 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,016 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 13, 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 552,41 7 31,50 3 238,35 7 22,13 4 31,07 0 32,95 5 37,54 3 60,18 0 19,19 4 1,47 0 16,53 3 8,98 6 52,493 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,81 7 1,17 7 5,20 1 57 4 1,20 6 1,83 5 1,13 0 2,70 8 1,22 3 95 9 1,24 0 1,17 3 2,391 U.S. Treasury—general account 4,94 7 0 4,94 7 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 24 8 3 13 5 2 2 6 2 2 2 1 1 3 1 2 5 Total deposits 26,08 4 1,18 1 10,33 1 57 7 1,21 0 1,90 5 1,13 4 2,71 3 1,22 5 96 1 1,27 2 1,17 6 2,399 Deferred credit items 8,82 4 59 9 1,12 0 51 5 46 8 76 5 89 4 62 5 27 3 50 4 45 4 28 0 2,328 Other liabilities and accrued dividends (2) 4,62 2 25 8 1,49 7 19 7 25 6 33 0 34 4 49 8 18 2 7 4 17 3 35 3 461 TOTAL LIABILITIES 591,94 7 33,54 1 251,30 6 23,42 3 33,00 5 35,95 4 39,91 4 64,01 6 20,87 3 3,00 9 18,43 1 10,79 5 57,681 CAPITAL ACCOUNTS Capital paid in 7,10 3 35 8 1,55 2 22 8 49 9 1,67 8 49 4 63 1 13 8 36 8 17 8 18 7 792 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 3,99 5 27 3 1,25 0 17 8 31 5 23 8 33 6 46 3 9 5 2 6 12 4 11 6 580 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 605,72 5 34,29 2 254,66 0 23,91 2 34,00 5 38,57 6 40,93 5 65,35 0 21,17 2 3,50 2 18,80 7 11,18 6 59,328 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 754,83 5 37,06 2 302,51 4 31,65 0 36,64 9 51,06 3 60,45 3 71,14 3 23,31 8 9,64 4 21,74 8 32,42 4 77,167 Less—Held by F.R. Banks 202,41 7 5,56 0 64,15 7 9,51 6 5,57 9 18,10 8 22,91 0 10,96 3 4,12 4 8,17 4 5,21 5 23,43 8 24,674 F.R. notes, net 552,41 7 31,50 3 238,35 7 22,13 4 31,07 0 32,95 5 37,54 3 60,18 0 19,19 4 1,47 0 16,53 3 8,98 6 52,493 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) 538,172 Total collateral 552,417 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.