Reserve Bank Credit 568,555 + 4,550 + 48,069 574,324

U.S. government securities (1)

Bought outright-system account (2,3) 506,650 - 741 + 33,079 507,137

Held under repurchase agreements 0 0 - 9,155 0

Federal agency obligations (1)

Bought outright 140 0 - 171 140

Held under repurchase agreements 0 0 - 2,900 0

Repurchase agreements — triparty (4) 26,499 + 6,022 + 26,499 32,515

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 157 + 76 + 147 46

Seasonal credit 179 + 46 + 112 212

Extended credit 0 0 0 0

Float 236 - 373 - 245 -106

Other F.R. assets 34,694 - 480 + 703 34,379

Gold stock 11,048 0 - 2 11,048

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

Treasury currency outstanding 28,659 + 14 + 1,902 28,659

Total factors supplying reserve funds 613,463 + 4,564 + 46,970 619,232

Currency in circulation* 563,907 + 38 + 43,260 564,989

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

Treasury cash holdings* 203 + 2 + 39 205

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

Treasury 14,439 + 2,022 + 6,551 8,027

Foreign 127 + 37 - 83 71

Service-related balances and adjustments (5) 6,805 + 2 + 19 6,805

Other 268 - 29 - 3 263

Other F.R. liabilities and capital 18,622 - 619 + 1,369 18,266

Total factors, other than reserve balances,

absorbing reserve funds 604,370 + 1,452 + 51,152 598,628

Reserve balances with F.R. Banks (6) 9,092 + 3,111 - 4,183 20,604

FEDERAL RESERVE

 May 4, 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 3, 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 $ 710,978 million, a change of $ - 2,106 million for the week. The total includes

$ 625,144 million of U.S. government securities and $ 85,834 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 $ 17,157 million (daily average over statement week) and $ 16,674 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,157 million (daily average) and $ 16,674 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,025 million (daily average)

and $ 1,866 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 $ 285 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 $ 6,536 million and adjustments of $ 270 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 3, 2000 Week ended

 May 3, 2000 Apr 26, 2000 May 5, 1999
ASSETS

Gold certificate account 11,048 0 - 1

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

Coin 553 + 15 + 142

Loans 258 - 27 + 168

Acceptances 0 0 0

Repurchase agreements — triparty (1) 32,515 - 7,265 + 32,515

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 2,488

U.S. government securities (2)

Bought outright—Bills 200,342 - 649 + 1,322

Notes (3) 221,030 + 7 + 21,307

Bonds (4) 85,765 + 3 + 11,034

Total bought outright (5) 507,137 - 639 + 33,663

Held under repurchase agreements 0 0 - 9,705

Total U.S. government securities 507,137 - 639 + 23,958

Total loans and securities 540,050 - 7,931 + 53,983

Items in process of collection (989) 8,110 + 232 - 2,637

Bank premises 1,393 + 5 + 82

Other assets (6) 33,133 - 973 + 462

 TOTAL ASSETS ( 9 8 9 ) 599,488 - 8,651 + 49,032

LIABILITIES

Federal Reserve notes 537,088 + 138 + 40,760

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 27,616 + 12,571 + 4,684

U.S. Treasury—general account 8,027 - 21,417 + 3,028

Foreign—official accounts 71 - 8 - 96

Other ( 0 ) 263 - 13 - 20

Total deposits ( 0 ) 35,978 - 8,866 + 7,598

Deferred availability cash items (989) 8,156 + 717 - 587

Other liabilities and accrued dividends (7) 4,818 - 8 + 407

TOTAL LIABILITIES ( 9 8 9 ) 586,040 - 8,019 + 48,177

CAPITAL ACCOUNTS

Capital paid in 6,755 + 4 + 568

Surplus 6,283 - 148 + 331

Other capital accounts 410 - 488 - 44

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 May 5, 1999

Eliminations from

Consolidation Wednesday

 May 3, 2000

Wednesday

Apr 26, 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 $ 221 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 $ 64 million of compensation

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

5 Net of $ 16,674 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,866 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 3, 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 $ 285 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 92 17,346 - 2,129 0 0 30,510 0

16 days to 90 days 166 107,052 - 499 0 0 2,005 0

91 days to 1 year 0 137,874 + 2,540 10 0 ——— ———

 Over 1 year to 5 years ——— 124,338 - 559 10 0 ——— ———

 Over 5 years to 10 years ——— 52,391 + 6 120 0 ——— ———

Over 10 years ——— 68,137 + 2 0 0 ——— ———

Total 258 507,137 - 639 140 0 32,515 0
 535

 271 19 11 0 0 8 0 11,501 12,689 4,924 29,114 0 29,114 29,132 510 93 1,580 + 2,154 34,296

f Each Federal Reserve Bank on May 3, 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 $ 221 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 64 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 $ 1,866 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 553 258 0 32,515 140 0 200,342 221,030 85,765 507,137 0 507,137 540,050 9,099 1,393 33,133 0 600,477

 4,430 2,065 36 0 0 32,515 54 0 77,333 85,318 33,105 195,756 0 195,756 228,325 1,198 163 11,171 - 758 246,630

 414 196 20 0 0 0 6 0 8,344 9,206 3,572 21,122 0 21,122 21,128 483 50 1,132 - 749 22,673

 520 246 29 0 0 0 8 0 11,211 12,369 4,799 28,380 0 28,380 28,388 324 157 1,966 + 3,241 34,871

 750 346 75 10 0 0 8 0 11,761 12,975 5,035 29,770 0 29,770 29,788 706 124 5,013 + 1,308 38,111

 802 393 64 2 0 0 9 0 13,335 14,712 5,709 33,756 0 33,756 33,768 905 181 2,175 + 1,963 40,250

 1,064 502 68 64 0 0 17 0 23,964 26,438 10,259 60,661 0 60,661 60,741 628 106 3,212 - 266 66,054

 359 167 34 68 0 0 5 0 7,610 8,396 3,258 19,265 0 19,265 19,338 316 33 980 - 342 20,885

 158 72 33 43 0 0 1 0 843 930 361 2,135 0 2,135 2,178 516 127 659 - 464 3,279

 340 156 49 34 0 0 5 0 6,676 7,366 2,858 16,900 0 16,900 16,938 550 50 958 - 868 18,174

 514 232 61 1 0 0 4 0 5,928 6,540 2,538 15,005 0 15,005 15,010 494 145 1,011 - 4,920 12,547

 1,162 554 64 27 0 0 15 0 21,835 24,090 9,347 55,273 0 55,273 55,314 2,471 164 3,275 - 299 62,707
f Each Federal Reserve Bank on May 3, 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.

 537,088 0 27,616 8,027 71 263 35,978 9,145 4,818 587,029 6,755 6,283 410 600,477 782,353 245,265 537,088 11,048 5,200 0 520,840 537,088

 31,209 0 1,698 0 1 1 1,700 508 280 33,696 290 289 22 34,296 39,995 8,786 31,209

 224,698 0 7,861 8,027 47 140 16,075 1,122 1,663 243,559 1,492 1,325 254 246,630 312,831 88,133 224,698

 21,170 0 434 0 1 1 436 443 213 22,263 202 199 9 22,673 30,698 9,528 21,170

 30,986 0 2,274 0 2 7 2,283 426 286 33,981 444 444 2 34,871 38,944 7,958 30,986

 30,440 0 3,294 0 8 106 3,408 698 346 34,892 1,675 1,544 0 38,111 50,662 20,222 30,440

 35,782 0 2,197 0 2 1 2,200 954 355 39,291 482 460 17 40,250 59,960 24,178 35,782

 59,658 0 3,949 0 3 1 3,952 667 550 64,827 616 578 32 66,054 73,721 14,063 59,658

 19,283 0 747 0 1 0 748 326 199 20,556 160 158 11 20,885 24,862 5,578 19,283

 1,433 0 714 0 1 3 718 542 69 2,763 271 235 10 3,279 10,529 9,095 1,433

 16,322 0 838 0 1 1 840 460 184 17,806 181 179 8 18,174 22,989 6,667 16,322

 10,756 0 801 0 1 1 804 378 173 12,110 217 211 9 12,547 34,556 23,800 10,756

 55,350 0 2,809 0 3 2 2,814 2,622 500 61,285 725 660 36 62,707 82,607 27,257 55,350