Reserve Bank Credit 560,586 - 7,952 + 46,128 558,158

U.S. government securities (1)

Bought outright-system account (2,3) 507,745 + 1,095 + 33,341 508,459

Held under repurchase agreements 0 0 - 1,962 0

Federal agency obligations (1)

Bought outright 140 0 - 171 140

Held under repurchase agreements 0 0 - 3,466 0

Repurchase agreements — triparty (4) 17,093 - 9,406 + 17,093 14,175

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 63 - 94 + 60 45

Seasonal credit 216 + 37 + 134 234

Extended credit 0 0 0 0

Float 586 + 368 - 335 233

Other F.R. assets 34,744 + 49 + 1,434 34,872

Gold stock 11,048 0 - 1 11,048

Special drawing rights certificate account 5,200 0 - 3,000 5,200

Treasury currency outstanding 28,673 + 14 + 1,887 28,673

Total factors supplying reserve funds 605,508 - 7,938 + 45,014 603,080

Currency in circulation* 564,197 + 290 + 41,782 565,557

Reverse repurchase agreements — triparty (4) 0 0 0 0

Treasury cash holdings* 205 + 2 + 58 205

Deposits, other than reserve balances, with F.R. Banks

Treasury 9,068 - 5,371 + 3,761 9,769

Foreign 86 - 41 - 95 72

Service-related balances and adjustments (5) 6,979 + 174 - 35 6,979

Other 261 - 7 - 28 263

Other F.R. liabilities and capital 18,116 - 506 + 909 14,986

Total factors, other than reserve balances,

absorbing reserve funds 598,912 - 5,458 + 46,352 597,831

Reserve balances with F.R. Banks (6) 6,596 - 2,480 - 1,337 5,249

FEDERAL RESERVE

 May 11, 2000

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.

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

F.R. Banks, Reserve Bank credit, and related items

On May 10, 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 $ 705,053 million, a change of $ - 5,925 million for the week. The total includes

$ 619,151 million of U.S. government securities and $ 85,902 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 $ 16,072 million (daily average over statement week) and $ 15,364 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,072 million (daily average) and $ 15,364 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,097 million (daily average)

and $ 1,321 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 296 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 $ 6,484 million and adjustments of $ 495 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.

Change from week ended Wednesday

May 10, 2000 Week ended

May 10, 2000 May 3, 2000 May 12, 1999
ASSETS

Gold certificate account 11,048 0 - 1

Special drawing rights certificate account 5,200 0 - 3,000

Coin 572 + 19 + 165

Loans 280 + 22 + 199

Acceptances 0 0 0

Repurchase agreements — triparty (1) 14,175 - 18,340 + 14,175

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 3,136

U.S. government securities (2)

Bought outright—Bills 201,653 + 1,311 + 3,024

Notes (3) 221,038 + 8 + 18,944

Bonds (4) 85,768 + 3 + 10,576

Total bought outright (5) 508,459 + 1,322 + 32,545

Held under repurchase agreements 0 0 - 1,463

Total U.S. government securities 508,459 + 1,322 + 31,082

Total loans and securities 523,053 - 16,997 + 42,148

Items in process of collection (998) 8,382 + 272 + 50

Bank premises 1,394 + 1 + 83

Other assets (6) 33,422 + 289 + 1,116

 TOTAL ASSETS ( 9 9 8 ) 583,072 - 16,416 + 40,561

LIABILITIES

Federal Reserve notes 537,660 + 572 + 39,994

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 12,863 - 14,753 - 2,852

U.S. Treasury—general account 9,769 + 1,742 + 5,674

Foreign—official accounts 72 + 1 - 106

Other ( 0 ) 263 0 - 19

Total deposits ( 0 ) 22,967 - 13,011 + 2,696

Deferred availability cash items (998) 7,459 - 697 + 88

Other liabilities and accrued dividends (7) 4,813 - 5 + 486

TOTAL LIABILITIES ( 9 9 8 ) 572,899 - 13,141 + 43,265

CAPITAL ACCOUNTS

Capital paid in 6,765 + 10 + 561

Surplus 2,566 - 3,717 - 3,386

Other capital accounts 842 + 432 + 121

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

May 12, 1999

Eliminations from

Consolidation Wednesday

May 10, 2000

Wednesday

 May 3, 2000

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 4,254 million of inflation-indexed securities valued at the original face amount and $ 229 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 $ 67 million of compensation

that adjusts for the effects of inflation on the principal of such securities.

5 Net of $ 15,364 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,321 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, May 10, 2000

Millions of dollars

 Federal agency

obligations(2)

Weekly

changes Holdings

 U.S. government

securities (1,2)

Holdings Weekly

changes

Loans

Repurchase

Agreements—

Triparty (3)

1 Includes $ 5,792 million of inflation-indexed securities valued at the original face amount and $ 296 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.

Reverse

Repurchase

Agreements—

Triparty (3)

Within 15 days 96 19,237 + 1,891 0 0 12,035 0

16 days to 90 days 184 106,000 - 1,052 0 0 2,140 0

91 days to 1 year 0 138,345 + 471 10 0 ——— ———

 Over 1 year to 5 years ——— 124,340 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 52,397 + 6 120 0 ——— ———

Over 10 years ——— 68,140 + 3 0 0 ——— ———

Total 280 508,459 + 1,322 140 0 14,175 0
 535

 271 22 0 0 0 8 0 11,577 12,689 4,924 29,190 0 29,190 29,198 462 94 1,603 + 1,105 33,289

f Each Federal Reserve Bank on May 10, 2000

Dallas San Francisco Kansas City Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneapolis

 through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.

on-indexed securities valued at the original face amount and $ 229 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 67 million of compensation that adjusts for the effects of inflation on the

ale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,321 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 572 280 0 14,175 140 0 201,653 221,038 85,768 508,459 0 508,459 523,053 9,380 1,394 33,422 0 584,070

 4,430 2,065 37 0 0 14,175 54 0 77,838 85,321 33,107 196,266 0 196,266 210,495 1,069 163 11,205 +12,922 242,388

 414 196 21 0 0 0 6 0 8,399 9,206 3,572 21,178 0 21,178 21,183 419 50 1,149 - 972 22,461

 520 246 30 0 0 0 8 0 11,285 12,370 4,800 28,454 0 28,454 28,462 344 157 1,988 + 2,043 33,790

 750 346 77 22 0 0 8 0 11,837 12,975 5,035 29,848 0 29,848 29,878 685 124 5,039 - 159 36,740

 802 393 66 5 0 0 9 0 13,423 14,713 5,709 33,844 0 33,844 33,859 962 181 2,207 + 35 38,504

 1,064 502 69 62 0 0 17 0 24,121 26,439 10,259 60,819 0 60,819 60,898 1,080 106 3,258 - 3,727 63,250

 359 167 37 51 0 0 5 0 7,660 8,397 3,258 19,315 0 19,315 19,371 386 33 995 - 970 20,378

 158 72 32 58 0 0 1 0 849 931 361 2,140 0 2,140 2,199 596 127 661 - 1,034 2,810

 340 156 51 49 0 0 5 0 6,720 7,366 2,858 16,944 0 16,944 16,998 514 50 973 - 1,448 17,633

 514 232 65 1 0 0 4 0 5,966 6,540 2,538 15,044 0 15,044 15,049 422 145 1,027 - 5,417 12,037

 1,162 554 66 32 0 0 15 0 21,978 24,091 9,348 55,417 0 55,417 55,464 2,440 164 3,318 - 2,378 60,790
f Each Federal Reserve Bank on May 10, 2000

Dallas San Francisco Kansas City Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneapolis

(1)

TS

 through third-party custodial banks. These agreements are collateralized by U.S. government and agency securities.

nt reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.

ies bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty

value of securities pledged under reverse repurchase agreements.

to rounding.

 537,660 0 12,863 9,769 72 263 22,967 8,457 4,813 573,897 6,765 2,566 842 584,070 781,394 243,734 537,660 11,048 5,200 0 521,412 537,660

 31,323 0 749 0 1 1 751 490 281 32,846 290 120 33 33,289 39,902 8,579 31,323

 225,337 0 1,898 9,769 48 142 11,857 1,073 1,656 239,923 1,492 552 420 242,388 312,888 87,551 225,337

 21,167 0 402 0 1 0 403 365 214 22,150 202 83 26 22,461 30,732 9,565 21,167

 31,079 0 1,401 0 2 8 1,411 359 280 33,129 444 185 32 33,790 38,915 7,836 31,079

 30,792 0 2,584 0 8 105 2,697 638 346 34,473 1,675 592 0 36,740 50,663 19,872 30,792

 35,572 0 967 0 2 1 970 877 358 37,776 483 192 53 38,504 59,730 24,158 35,572

 59,618 0 1,341 0 3 1 1,345 780 549 62,292 616 241 101 63,250 73,602 13,984 59,618

 19,229 0 371 0 1 0 372 328 200 20,129 160 66 23 20,378 24,796 5,568 19,229

 1,439 0 438 0 1 0 439 483 70 2,431 272 98 10 2,810 10,498 9,058 1,439

 16,304 0 498 0 1 1 501 368 185 17,358 181 75 21 17,633 22,927 6,623 16,304

 10,671 0 530 0 1 1 531 333 174 11,708 218 88 23 12,037 34,412 23,741 10,671

 55,130 0 1,685 0 3 2 1,690 2,363 500 59,683 732 275 100 60,790 82,330 27,200 55,130