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 21, 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 20, 2000 Dec 13, 2000 Dec 22, 1999 Dec 20, 2000 Reserve Bank Credit 578,291 + 5,403 - 16,133 579,279 U.S. government securities (1) Bought outright-system account (2,3) 514,737 + 1,022 + 20,140 514,539 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) 25,021 + 2,400 - 39,394 25,710 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 295 + 291 + 212 5 Seasonal credit 121 - 3 + 41 120 Extended credit 0 0 0 0 Float 2,984 + 1,269 + 2,369 3,550 Other F.R. assets 35,002 + 423 + 573 35,225 Gold stock 11,046 0 - 3 11,046 Special drawing rights certificate account 2,343 - 857 - 3,857 2,200 Treasury currency outstanding 31,191 + 14 + 3,248 31,191 Total factors supplying reserve funds 622,871 + 4,560 - 16,744 623,716 Currency in circulation* 582,853 + 2,984 - 19,699 586,617 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 404 0 + 295 410 Deposits, other than reserve balances, with F.R. Banks Treasury 8,105 + 2,723 + 1,899 4,781 Foreign 160 + 85 + 102 227 Service-related balances and adjustments (5) 6,696 - 284 - 1,073 6,696 Other 222 - 22 + 9 211 Other F.R. liabilities and capital 18,581 + 74 - 82 18,140 Total factors, other than reserve balances, absorbing reserve funds 617,022 + 5,560 - 18,549 617,081 Reserve balances with F.R. Banks (6) 5,849 - 1,000 + 1,804 6,634 On December 20, 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 $ 687,610 million, a change of $ + 2,057 million for the week. The total includes $ 585,636 million of U.S. government securities and $ 101,974 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 $ 16,785 million (daily average over statement week) and $ 17,065 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,785 million (daily average) and $ 17,065 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,218 million (daily average) and $ 875 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 $ 525 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 $ 6,360 million and adjustments of $ 336 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 20, 2000 Dec 13, 2000 Dec 22, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 - 1,000 - 4,000 Coin 954 + 6 + 716 Loans 125 - 8 - 93 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,710 - 1,550 - 47,375 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,627 - 579 - 11,207 Notes (3) 239,129 + 2 + 21,549 Bonds (4) 92,783 0 + 9,806 Total bought outright (5) 514,539 - 576 + 20,148 Held under repurchase agreements 0 0 0 Total U.S. government securities 514,539 - 576 + 20,148 Total loans and securities 540,504 - 2,135 - 27,372 Items in process of collection (859) 12,334 + 286 + 3,438 Bank premises 1,452 + 10 + 96 Other assets (6) 33,720 + 389 + 377 TOTAL ASSETS (859) 602,210 - 2,444 - 26,747 LIABILITIES Federal Reserve notes 556,790 + 4,373 - 27,448 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,866 - 6,951 + 539 U.S. Treasury—general account 4,781 - 166 + 40 Foreign—official accounts 227 + 155 + 139 Other (0) 211 - 37 + 1 Total deposits (0) 19,084 - 7,000 + 718 Deferred availability cash items (859) 8,197 + 445 + 217 Other liabilities and accrued dividends (7) 4,375 - 247 - 230 TOTAL LIABILITIES (859) 588,446 - 2,430 - 26,744 CAPITAL ACCOUNTS Capital paid in 7,022 - 81 + 597 Surplus 2,679 0 - 3,273 Other capital accounts 4,063 + 68 + 2,673 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 $ 422 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 $ 103 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 875 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 20, 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 119 18,935 + 5,647 0 0 17,760 0 16 days to 90 days 6 111,849 - 6,268 0 0 7,950 0 91 days to 1 year 0 125,654 + 42 0 0 ——— ——— Over 1 year to 5 years ——— 131,746 0 130 0 ——— ——— Over 5 years to 10 years ——— 55,459 + 2 0 0 ——— ——— Over 10 years ——— 70,895 0 0 0 ——— ——— Total 125 514,539 - 576 130 0 25,710 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 525 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 20, 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. 2,20 0 11 5 87 4 8 3 10 4 14 7 16 6 21 2 7 1 3 0 6 6 9 8 234 Coin 95 4 4 6 7 8 5 4 6 3 11 9 8 2 11 1 5 3 3 4 6 9 9 1 154 Loans 12 5 3 0 0 0 0 6 4 1 1 6 1 4 3 5 7 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 25,71 0 0 25,71 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 182,62 7 10,48 4 70,49 4 7,60 6 10,22 0 10,72 1 12,15 6 21,84 5 6,93 7 76 9 6,08 6 5,40 3 19,904 Notes (3) 239,12 9 13,72 8 92,30 4 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 7 35,81 5 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) 514,53 9 29,53 9 198,61 3 21,43 1 28,79 4 30,20 5 34,24 9 61,54 7 19,54 6 2,16 6 17,14 7 15,22 4 56,079 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 514,53 9 29,53 9 198,61 3 21,43 1 28,79 4 30,20 5 34,24 9 61,54 7 19,54 6 2,16 6 17,14 7 15,22 4 56,079 Total loans and securities 540,50 4 29,54 9 224,37 3 21,43 7 28,80 1 30,21 2 34,26 4 61,60 3 19,56 7 2,18 0 17,18 6 15,23 5 56,095 Items in process of collection 13,19 3 58 7 1,75 0 64 5 39 0 1,08 3 1,93 1 1,19 9 90 5 73 2 82 7 53 3 2,611 Bank premises 1,45 2 9 4 16 6 5 0 15 5 12 6 24 3 10 4 3 4 12 6 4 9 13 8 166 Other assets (6) 33,72 0 1,59 7 11,44 5 1,21 5 1,96 4 5,09 5 2,19 1 3,24 6 99 3 66 5 97 4 1,02 6 3,310 Interdistrict settlement account 0 + 1,36 5 + 9,08 1 + 26 0 + 2,05 3 + 2,61 1 + 2,06 9 - 2,53 1 - 1,54 7 - 89 0 - 1,40 3 - 6,82 7 - 4,240 TOTAL ASSETS 603,06 9 33,88 8 252,19 6 24,15 8 34,05 1 40,14 3 41,74 7 65,00 8 20,43 5 3,03 4 18,10 8 10,80 9 59,492 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 $ 422 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 $ 103 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 875 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 20, 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 556,79 0 31,63 1 239,25 4 22,47 8 31,01 1 33,49 7 38,49 2 60,59 1 19,23 7 1,51 0 16,47 2 9,35 2 53,265 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,86 6 73 5 1,88 6 42 0 1,29 9 2,87 3 1,02 0 1,78 6 45 5 45 8 65 0 62 5 1,659 U.S. Treasury—general account 4,78 1 0 4,78 1 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 22 7 1 20 3 1 2 8 2 3 1 1 1 1 3 Other 21 1 2 13 3 3 1 5 6 1 2 1 1 5 1 4 Total deposits 19,08 4 73 8 7,00 3 42 5 1,30 2 2,93 7 1,02 3 1,79 1 45 8 46 0 65 5 62 7 1,666 Deferred credit items 9,05 6 51 0 1,16 2 57 9 46 9 73 5 87 1 79 7 26 1 49 7 43 4 28 0 2,461 Other liabilities and accrued dividends (2) 4,37 5 25 9 1,48 4 19 4 25 0 32 7 33 7 49 5 17 8 7 5 17 0 15 6 451 TOTAL LIABILITIES 589,30 5 33,13 8 248,90 3 23,67 6 33,03 2 37,49 5 40,72 3 63,67 2 20,13 4 2,54 1 17,73 1 10,41 5 57,843 CAPITAL ACCOUNTS Capital paid in 7,02 2 35 8 1,46 8 22 8 49 9 1,67 8 49 5 63 2 13 8 36 8 17 8 18 8 792 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 4,06 3 27 1 1,27 4 17 1 33 5 26 5 33 7 46 3 9 7 2 7 12 4 11 8 582 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 603,06 9 33,88 8 252,19 6 24,15 8 34,05 1 40,14 3 41,74 7 65,00 8 20,43 5 3,03 4 18,10 8 10,80 9 59,492 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 753,55 1 36,95 8 301,52 7 31,73 3 36,46 7 50,96 6 60,71 3 70,96 5 23,25 4 9,62 0 21,67 2 32,45 1 77,223 Less—Held by F.R. Banks 196,76 1 5,32 7 62,27 3 9,25 5 5,45 7 17,46 9 22,22 1 10,37 5 4,01 7 8,11 1 5,20 0 23,09 9 23,957 F.R. notes, net 556,79 0 31,63 1 239,25 4 22,47 8 31,01 1 33,49 7 38,49 2 60,59 1 19,23 7 1,51 0 16,47 2 9,35 2 53,265 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 3,165 U.S. govt. and agency securities (3) 540,379 Total collateral 556,790 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.