Reserve Bank Credit 558,798 - 3,402 + 21,412 561,563

U.S. government securities (1)

Bought outright-system account (2,3) 511,153 + 2,140 + 21,187 512,472

Held under repurchase agreements 0 0 - 2,871 0

Federal agency obligations (1)

Bought outright 130 0 - 108 130

Held under repurchase agreements 0 0 - 9,728 0

Repurchase agreements — triparty (4) 11,425 - 5,861 + 11,425 12,170

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 18 - 117 - 83 7

Seasonal credit 398 + 14 + 94 407

Extended credit 0 0 0 0

Float 683 - 286 + 484 648

Other F.R. assets 34,991 + 707 + 1,012 35,728

Gold stock 11,046 0 - 2 11,046

Special drawing rights certificate account 3,200 - 143 - 4,000 3,200

Treasury currency outstanding 30,395 + 14 + 2,968 30,395

Total factors supplying reserve funds 603,439 - 3,531 + 20,378 606,204

Currency in circulation* 567,984 - 1,338 + 25,417 569,307

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

Treasury cash holdings* 177 + 13 + 84 184

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

Treasury 7,357 - 1,217 - 46 7,986

Foreign 77 - 9 - 141 75

Service-related balances and adjustments (5) 6,897 + 424 - 426 6,897

Other 242 + 43 + 19 189

Other F.R. liabilities and capital 15,333 + 72 - 3,273 15,034

Total factors, other than reserve balances,

absorbing reserve funds 598,067 - 2,012 + 21,633 599,671

Reserve balances with F.R. Banks (6) 5,372 - 1,519 - 1,255 6,533

FEDERAL RESERVE

 September 28, 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 September 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 $ 698,460 million, a change of $ - 8,555 million for the week. The total includes

$ 602,815 million of U.S. government securities and $ 95,645 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 $ 16,393 million (daily average over statement week) and $ 15,594 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,393 million (daily average) and $ 15,594 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 388 million (daily average)

and $ 116 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 430 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 $ 6,299 million and adjustments of $ 598 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

Sep 27, 2000 Week ended

Sep 27, 2000 Sep 20, 2000 Sep 29, 1999
ASSETS

Gold certificate account 11,046 0 - 2

Special drawing rights certificate account 3,200 0 - 4,000

Coin 790 + 25 + 503

Loans 414 - 886 - 4

Acceptances 0 0 0

Repurchase agreements — triparty (1) 12,170 - 7,715 + 12,170

Federal agency obligations (2)

Bought outright 130 0 - 108

Held under repurchase agreements 0 0 - 11,183

U.S. government securities (2)

Bought outright—Bills 185,416 + 1,384 - 13,749

Notes (3) 235,724 + 468 + 23,923

Bonds (4) 91,332 + 185 + 11,279

Total bought outright (5) 512,472 + 2,038 + 21,453

Held under repurchase agreements 0 0 - 5,220

Total U.S. government securities 512,472 + 2,038 + 16,233

Total loans and securities 525,186 - 6,564 + 17,108

Items in process of collection (758) 7,072 - 791 + 94

Bank premises 1,425 + 3 + 88

Other assets (6) 34,403 + 1,126 + 1,394

 TOTAL ASSETS ( 7 5 8 ) 583,123 - 6,200 + 15,186

LIABILITIES

Federal Reserve notes 539,886 - 88 + 22,687

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 13,027 - 6,314 - 3,969

U.S. Treasury—general account 7,986 + 573 - 246

Foreign—official accounts 75 + 9 - 116

Other ( 0 ) 189 - 3 - 2

Total deposits ( 0 ) 21,276 - 5,736 - 4,333

Deferred availability cash items (758) 6,927 - 407 + 284

Other liabilities and accrued dividends (7) 4,338 + 10 - 674

TOTAL LIABILITIES ( 7 5 8 ) 572,427 - 6,221 + 17,963

CAPITAL ACCOUNTS

Capital paid in 6,949 + 14 + 620

Surplus 2,679 0 - 3,273

Other capital accounts 1,067 + 7 - 125

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 29, 1999

Eliminations from

Consolidation Wednesday

Sep 27, 2000

Wednesday

Sep 20, 2000

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

2 Face value of the securities.

3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 340 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 $ 91 million of compensation

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

5 Net of $ 15,594 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 116 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, September 27, 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 $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 430 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 365 19,796 + 2,658 0 0 8,220 0

16 days to 90 days 49 107,557 - 1,460 0 0 3,950 0

91 days to 1 year 0 128,442 + 186 0 0 ——— ———

 Over 1 year to 5 years ——— 131,987 + 650 30 0 ——— ———

 Over 5 years to 10 years ——— 53,527 + 2 100 0 ——— ———

Over 10 years ——— 71,162 0 0 0 ——— ———

Total 414 512,472 + 2,038 130 0 12,170 0
 535

 167 21 0 0 0 7 0 10,644 13,533 5,243 29,420 0 29,420 29,428 368 93 1,643 + 524 32,778

Each Federal Reserve Bank on September 27, 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 $ 340 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 91 million of compensation that adjusts for the effects of inflation on the

sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 116 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 3,200 790 414 0 12,170 130 0 185,416 235,724 91,332 512,472 0 512,472 525,186 7,830 1,425 34,403 0 583,881

 4,428 1,271 67 0 0 12,170 50 0 71,571 90,990 35,254 197,815 0 197,815 210,035 961 166 11,552 +17,052 245,532

 414 120 48 2 0 0 5 0 7,723 9,818 3,804 21,345 0 21,345 21,352 347 49 1,245 - 885 22,690

 520 151 50 0 0 0 7 0 10,376 13,191 5,111 28,678 0 28,678 28,686 273 156 2,019 + 959 32,814

 750 213 101 0 0 0 8 0 10,884 13,838 5,361 30,083 0 30,083 30,091 625 125 5,222 - 405 36,722

 802 242 106 16 0 0 9 0 12,342 15,690 6,079 34,111 0 34,111 34,136 830 219 2,248 + 1,989 40,573

 1,064 309 99 91 0 0 16 0 22,179 28,196 10,925 61,299 0 61,299 61,406 613 104 3,334 - 5,945 60,985

 359 103 44 89 0 0 5 0 7,043 8,954 3,469 19,467 0 19,467 19,562 329 33 1,017 - 1,307 20,139

 158 44 25 103 0 0 1 0 781 992 384 2,157 0 2,157 2,261 549 126 684 - 1,073 2,775

 340 96 57 88 0 0 4 0 6,179 7,855 3,044 17,078 0 17,078 17,170 469 49 995 - 1,334 17,842

 514 143 65 13 0 0 4 0 5,486 6,975 2,702 15,163 0 15,163 15,179 426 138 1,050 - 5,290 12,225

 1,162 341 107 13 0 0 14 0 20,208 25,691 9,954 55,854 0 55,854 55,881 2,041 165 3,395 - 4,287 58,806
Each Federal Reserve Bank on September 27, 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.

 539,886 0 13,027 7,986 75 189 21,276 7,685 4,338 573,185 6,949 2,679 1,067 583,881 765,043 225,157 539,886 11,046 3,200 869 524,772 539,886

 30,716 0 678 0 1 0 680 525 259 32,179 368 120 110 32,778 37,442 6,727 30,716

 230,560 0 1,997 7,986 51 140 10,173 869 1,475 243,077 1,492 552 411 245,532 306,056 75,496 230,560

 21,291 0 558 0 1 1 559 315 194 22,358 212 83 37 22,690 31,895 10,605 21,291

 30,655 0 817 0 2 4 823 365 249 32,092 480 185 57 32,814 37,359 6,704 30,655

 32,333 0 1,005 0 8 32 1,046 611 314 34,304 1,680 705 33 36,722 52,506 20,173 32,333

 37,602 0 926 0 2 0 928 961 331 39,822 491 192 69 40,573 61,648 24,046 37,602

 56,888 0 2,073 0 3 4 2,080 569 491 60,027 613 241 104 60,985 70,267 13,379 56,888

 19,039 0 501 0 1 1 502 196 181 19,918 136 66 19 20,139 23,858 4,819 19,039

 1,139 0 600 0 1 0 602 477 70 2,288 357 98 32 2,775 9,881 8,742 1,139

 16,273 0 755 0 1 4 760 371 169 17,574 175 75 19 17,842 21,851 5,578 16,273

 10,805 0 688 0 1 1 690 282 158 11,935 187 88 16 12,225 33,161 22,356 10,805

 52,586 0 2,428 0 3 1 2,432 2,145 448 57,613 757 275 160 58,806 79,120 26,533 52,586