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 28, 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 27, 2000 Dec 20, 2000 Dec 29, 1999 Dec 27, 2000 Reserve Bank Credit 584,323 + 6,032 - 34,464 597,310 U.S. government securities (1) Bought outright-system account (2,3) 515,595 + 858 + 26,425 515,491 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) 31,759 + 6,738 - 61,395 43,985 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 41 - 254 - 320 21 Seasonal credit 112 - 9 + 34 96 Extended credit 0 0 0 0 Float 1,191 - 1,793 + 556 1,837 Other F.R. assets 35,494 + 492 + 510 35,751 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 - 143 - 4,000 2,200 Treasury currency outstanding 31,205 + 14 + 3,227 31,205 Total factors supplying reserve funds 628,774 + 5,903 - 35,239 641,761 Currency in circulation* 589,415 + 6,562 - 29,896 592,965 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 416 + 12 + 307 454 Deposits, other than reserve balances, with F.R. Banks Treasury 4,340 - 3,765 - 7,798 5,320 Foreign 103 - 57 + 4 83 Service-related balances and adjustments (5) 7,236 + 540 - 548 7,236 Other 258 + 36 + 63 235 Other F.R. liabilities and capital 18,417 - 164 - 208 18,062 Total factors, other than reserve balances, absorbing reserve funds 620,186 + 3,164 - 38,075 624,356 Reserve balances with F.R. Banks (6) 8,588 + 2,739 + 2,837 17,405 On December 27, 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 $ 691,862 million, a change of $ + 4,252 million for the week. The total includes $ 589,149 million of U.S. government securities and $ 102,713 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 $ 17,182 million (daily average over statement week) and $ 17,323 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,182 million (daily average) and $ 17,323 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,231 million (daily average) and $ 2,924 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 $ 528 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 $ 876 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 27, 2000 Dec 20, 2000 Dec 29, 1999 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 946 - 8 + 743 Loans 117 - 8 - 2,755 Acceptances 0 0 0 Repurchase agreements — triparty (1) 43,985 + 18,275 - 78,885 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,530 - 97 + 557 Notes (3) 240,176 + 1,047 + 21,710 Bonds (4) 92,784 + 1 + 9,806 Total bought outright (5) 515,491 + 952 + 32,074 Held under repurchase agreements 0 0 0 Total U.S. government securities 515,491 + 952 + 32,074 Total loans and securities 559,723 + 19,219 - 49,617 Items in process of collection (771) 10,087 - 2,247 + 3,162 Bank premises 1,455 + 3 + 99 Other assets (6) 34,268 + 548 + 435 TOTAL ASSETS (771) 619,724 + 17,514 - 49,182 LIABILITIES Federal Reserve notes 563,160 + 6,370 - 37,761 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 24,787 + 10,921 + 8,058 U.S. Treasury—general account 5,320 + 539 - 20,603 Foreign—official accounts 83 - 144 - 151 Other (0) 235 + 24 + 52 Total deposits (0) 30,426 + 11,342 - 12,643 Deferred availability cash items (771) 8,077 - 120 + 1,445 Other liabilities and accrued dividends (7) 4,341 - 34 - 137 TOTAL LIABILITIES (771) 606,003 + 17,557 - 49,096 CAPITAL ACCOUNTS Capital paid in 7,024 + 2 + 592 Surplus 2,679 0 - 3,273 Other capital accounts 4,018 - 45 + 2,596 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 $ 425 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 $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,323 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,924 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 27, 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 110 19,889 + 954 0 0 33,010 0 16 days to 90 days 7 110,832 - 1,017 0 0 10,975 0 91 days to 1 year 0 125,620 - 34 0 0 ——— ——— Over 1 year to 5 years ——— 132,792 + 1,046 130 0 ——— ——— Over 5 years to 10 years ——— 55,461 + 2 0 0 ——— ——— Over 10 years ——— 70,896 + 1 0 0 ——— ——— Total 117 515,491 + 952 130 0 43,985 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 528 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 27, 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 94 6 4 6 7 7 5 2 6 6 11 5 8 2 11 0 5 1 3 2 6 6 9 1 157 Loans 11 7 1 0 3 0 9 8 3 3 1 3 8 3 5 5 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 43,98 5 0 43,98 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 182,53 0 10,47 9 70,45 7 7,60 2 10,21 5 10,71 5 12,15 0 21,83 3 6,93 4 76 8 6,08 3 5,40 1 19,894 Notes (3) 240,17 6 13,78 8 92,70 9 10,00 3 13,44 1 14,09 9 15,98 7 28,72 9 9,12 4 1,01 1 8,00 4 7,10 6 26,177 Bonds (4) 92,78 4 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) 515,49 1 29,59 3 198,98 0 21,47 0 28,84 7 30,26 0 34,31 2 61,66 0 19,58 2 2,17 0 17,17 8 15,25 2 56,183 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 515,49 1 29,59 3 198,98 0 21,47 0 28,84 7 30,26 0 34,31 2 61,66 0 19,58 2 2,17 0 17,17 8 15,25 2 56,183 Total loans and securities 559,72 3 29,60 2 243,01 6 21,47 9 28,85 5 30,27 7 34,32 9 61,70 9 19,60 0 2,17 8 17,21 8 15,26 1 56,200 Items in process of collection 10,85 8 60 4 1,14 0 41 0 48 9 68 0 81 8 97 6 68 0 67 3 63 4 91 6 2,837 Bank premises 1,45 5 9 4 16 6 5 0 15 5 12 6 24 5 10 4 3 4 12 6 4 9 13 8 167 Other assets (6) 34,26 8 1,62 7 11,63 7 1,23 6 2,00 9 5,12 4 2,22 8 3,30 7 1,01 7 67 0 98 9 1,06 1 3,362 Interdistrict settlement account 0 + 5,32 2 - 4,30 2 + 1,04 5 + 1,71 3 + 4,15 4 + 3,87 0 - 1,01 6 - 46 6 - 62 3 - 43 2 - 6,40 8 - 2,856 TOTAL ASSETS 620,49 5 37,94 6 257,03 4 24,77 0 33,91 1 41,37 3 42,53 9 66,46 7 21,34 7 3,24 4 18,93 0 11,67 1 61,262 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 $ 425 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 $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,323 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,924 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 27, 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 563,16 0 31,96 2 240,73 5 22,85 6 31,28 5 34,06 1 39,07 3 61,12 7 19,43 6 1,60 2 16,71 2 9,71 3 54,599 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 24,78 7 4,31 9 4,93 4 73 1 92 9 3,52 4 1,29 2 2,81 2 1,18 1 51 6 1,29 2 1,15 6 2,100 U.S. Treasury—general account 5,32 0 0 5,32 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 3 1 5 9 1 2 8 2 3 1 1 1 1 3 Other 23 5 0 17 3 3 2 2 7 2 2 2 0 1 9 2 3 Total deposits 30,42 6 4,32 1 10,48 6 73 5 93 3 3,55 9 1,29 6 2,81 7 1,18 4 51 8 1,31 1 1,15 9 2,106 Deferred credit items 8,84 8 65 9 1,14 0 51 0 39 9 74 1 80 4 70 5 25 4 55 6 36 4 25 3 2,464 Other liabilities and accrued dividends (2) 4,34 1 25 7 1,46 6 19 1 24 8 32 9 33 6 49 0 18 1 7 4 17 0 15 4 446 TOTAL LIABILITIES 606,77 4 37,19 9 253,82 7 24,29 1 32,86 5 38,69 0 41,50 8 65,13 9 21,05 4 2,74 9 18,55 7 11,27 9 59,616 CAPITAL ACCOUNTS Capital paid in 7,02 4 35 8 1,46 8 22 8 50 0 1,67 9 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 4,01 8 26 9 1,18 7 16 7 36 1 30 0 34 4 45 6 8 9 2 9 12 0 11 6 579 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 620,49 5 37,94 6 257,03 4 24,77 0 33,91 1 41,37 3 42,53 9 66,46 7 21,34 7 3,24 4 18,93 0 11,67 1 61,262 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 752,35 9 36,90 4 301,25 9 31,69 1 36,41 5 50,87 4 60,53 2 70,84 9 23,22 4 9,60 2 21,63 6 32,36 6 77,008 Less—Held by F.R. Banks 189,19 9 4,94 2 60,52 4 8,83 5 5,13 0 16,81 3 21,45 9 9,72 2 3,78 9 8,00 0 4,92 4 22,65 3 22,409 F.R. notes, net 563,16 0 31,96 2 240,73 5 22,85 6 31,28 5 34,06 1 39,07 3 61,12 7 19,43 6 1,60 2 16,71 2 9,71 3 54,599 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities (3) 549,914 Total collateral 563,160 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.