Reserve Bank Credit 564,938 + 5,387 + 39,281 563,051

U.S. government securities (1)

Bought outright-system account (2,3) 505,045 - 1,566 + 19,287 505,180

Held under repurchase agreements 0 0 - 1,213 0

Federal agency obligations (1)

Bought outright 140 0 - 119 140

Held under repurchase agreements 0 0 - 4,996 0

Repurchase agreements — triparty (4) 25,048 + 7,570 + 25,048 23,245

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 59 + 19 + 12 74

Seasonal credit 460 - 1 + 274 460

Extended credit 0 0 0 0

Float 42 - 791 - 643 -365

Other F.R. assets 34,144 + 156 + 1,630 34,316

Gold stock 11,046 - 1 0 11,046

Special drawing rights certificate account 4,200 0 - 4,000 4,200

Treasury currency outstanding 29,288 + 14 + 2,255 29,288

Total factors supplying reserve funds 609,473 + 5,400 + 37,537 607,586

Currency in circulation* 571,402 + 4,486 + 36,998 573,996

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

Treasury cash holdings* 74 + 5 - 16 64

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

Treasury 6,159 - 824 + 393 5,358

Foreign 183 + 94 - 24 116

Service-related balances and adjustments (5) 7,063 + 210 + 136 7,063

Other 228 + 30 - 36 241

Other F.R. liabilities and capital 15,709 + 88 - 1,804 15,359

Total factors, other than reserve balances,

absorbing reserve funds 600,818 + 4,089 + 35,645 602,198

Reserve balances with F.R. Banks (6) 8,655 + 1,311 + 1,892 5,388

FEDERAL RESERVE

 July 6, 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 July 5, 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 $ 703,697 million, a change of $ + 1,758 million for the week. The total includes

$ 618,152 million of U.S. government securities and $ 85,545 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 $ 17,645 million (daily average over statement week) and $ 17,510 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,645 million (daily average) and $ 17,510 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,619 million (daily average)

and $ 1,351 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 $ 336 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 $ 6,350 million and adjustments of $ 714 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

 Jul 5, 2000 Week ended

 Jul 5, 2000 Jun 28, 2000 Jul 7, 1999
ASSETS

Gold certificate account 11,046 - 1 0

Special drawing rights certificate account 4,200 0 - 4,000

Coin 667 - 12 + 374

Loans 535 + 9 + 313

Acceptances 0 0 0

Repurchase agreements — triparty (1) 23,245 + 270 + 23,245

Federal agency obligations (2)

Bought outright 140 0 - 119

Held under repurchase agreements 0 0 - 4,246

U.S. government securities (2)

Bought outright—Bills 193,022 - 2,704 - 5,687

Notes (3) 226,139 + 1 + 17,283

Bonds (4) 86,020 0 + 8,136

Total bought outright (5) 505,180 - 2,704 + 19,731

Held under repurchase agreements 0 0 - 1,425

Total U.S. government securities 505,180 - 2,704 + 18,306

Total loans and securities 529,100 - 2,425 + 37,499

Items in process of collection (457) 6,269 - 1,655 - 5,045

Bank premises 1,410 + 8 + 89

Other assets (6) 32,895 + 113 + 1,384

 TOTAL ASSETS ( 4 5 7 ) 585,587 - 3,972 + 30,300

LIABILITIES

Federal Reserve notes 545,439 + 4,775 + 35,835

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 13,071 - 6,638 + 619

U.S. Treasury—general account 5,358 - 1,255 - 349

Foreign—official accounts 116 - 1 - 144

Other ( 0 ) 241 + 50 - 21

Total deposits ( 0 ) 18,786 - 7,844 + 104

Deferred availability cash items (456) 6,004 - 948 - 3,650

Other liabilities and accrued dividends (7) 4,604 - 207 + 307

TOTAL LIABILITIES ( 4 5 7 ) 574,832 - 4,225 + 32,596

CAPITAL ACCOUNTS

Capital paid in 6,866 + 1 + 586

Surplus 2,679 0 - 3,273

Other capital accounts 1,210 + 252 + 391

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jul 7, 1999

Eliminations from

Consolidation Wednesday

 Jul 5, 2000

Wednesday

Jun 28, 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 $ 258 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 $ 78 million of compensation

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

5 Net of $ 17,510 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,351 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, July 5, 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 $ 336 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 175 13,016 - 4,334 0 0 17,240 0

16 days to 90 days 359 109,813 + 2,757 10 0 6,005 0

91 days to 1 year 0 135,592 + 435 0 0 ——— ———

 Over 1 year to 5 years ——— 124,668 - 1,563 10 0 ——— ———

 Over 5 years to 10 years ——— 53,438 0 120 0 ——— ———

Over 10 years ——— 68,652 0 0 0 ——— ———

Total 535 505,180 - 2,704 140 0 23,245 0
 535

 219 21 0 0 0 8 0 11,081 12,982 4,938 29,002 0 29,002 29,010 314 94 1,561 + 1,639 33,392

f Each Federal Reserve Bank on July 5, 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 $ 258 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 78 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 $ 1,351 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 4,200 667 535 0 23,245 140 0 193,022 226,139 86,020 505,180 0 505,180 529,100 6,726 1,410 32,895 0 586,044

 4,428 1,668 58 35 0 23,245 54 0 74,507 87,290 33,204 195,001 0 195,001 218,335 496 163 10,952 + 6,669 242,769

 414 158 38 5 0 0 6 0 8,039 9,419 3,583 21,041 0 21,041 21,052 178 50 1,180 + 6 23,076

 520 199 45 0 0 0 8 0 10,802 12,655 4,814 28,270 0 28,270 28,278 238 156 1,938 + 2,138 33,513

 750 280 83 3 0 0 8 0 11,331 13,275 5,050 29,655 0 29,655 29,666 344 124 5,098 + 159 36,504

 802 317 84 12 0 0 9 0 12,848 15,052 5,726 33,626 0 33,626 33,648 435 200 2,156 + 1,228 38,869

 1,064 405 88 121 0 0 17 0 23,088 27,050 10,289 60,427 0 60,427 60,565 623 105 3,164 - 3,657 62,358

 359 135 38 99 0 0 5 0 7,332 8,590 3,268 19,190 0 19,190 19,295 428 33 972 - 715 20,544

 158 58 29 141 0 0 1 0 813 952 362 2,127 0 2,127 2,268 664 127 671 - 824 3,150

 340 126 59 60 0 0 5 0 6,432 7,536 2,867 16,835 0 16,835 16,900 335 50 946 - 767 17,988

 514 187 57 17 0 0 4 0 5,711 6,691 2,545 14,947 0 14,947 14,968 528 144 1,005 - 4,549 12,854

 1,162 448 67 41 0 0 15 0 21,037 24,647 9,375 55,059 0 55,059 55,115 2,144 165 3,253 - 1,326 61,027
of Each Federal Reserve Bank on July 5, 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.

 545,439 0 13,071 5,358 116 241 18,786 6,460 4,604 575,289 6,866 2,679 1,210 586,044 773,010 227,571 545,439 11,046 4,200 1,627 528,565 545,439

 31,580 0 641 0 1 1 643 445 269 32,937 291 120 44 33,392 38,739 7,159 31,580

 229,343 0 3,115 5,358 92 140 8,705 623 1,570 240,240 1,499 552 477 242,769 310,889 81,546 229,343

 22,026 0 347 0 1 0 348 161 204 22,739 212 83 41 23,076 31,289 9,263 22,026

 31,250 0 1,097 0 2 7 1,107 197 262 32,815 455 185 57 33,513 37,924 6,674 31,250

 32,182 0 1,160 0 8 79 1,247 301 298 34,027 1,677 705 95 36,504 50,113 17,931 32,182

 36,677 0 891 0 2 0 893 212 336 38,118 482 192 78 38,869 59,812 23,135 36,677

 58,476 0 1,789 0 3 10 1,801 602 520 61,398 606 241 113 62,358 71,894 13,418 58,476

 19,266 0 529 0 1 0 531 292 191 20,280 160 66 38 20,544 24,311 5,045 19,266

 1,463 0 551 0 1 0 552 603 65 2,683 335 98 34 3,150 10,234 8,771 1,463

 16,542 0 620 0 1 2 623 371 175 17,710 179 75 24 17,988 22,517 5,975 16,542

 11,206 0 739 0 1 1 741 327 235 12,509 222 88 36 12,854 33,875 22,670 11,206

 55,429 0 1,592 0 3 1 1,596 2,327 479 59,831 748 275 174 61,027 81,412 25,983 55,429