Reserve Bank Credit 560,269 + 7,628 + 35,630 566,917

U.S. government securities (1)

Bought outright-system account (2,3) 506,191 - 1,491 + 23,798 506,744

Held under repurchase agreements 0 0 - 5,556 0

Federal agency obligations (1)

Bought outright 140 0 - 171 140

Held under repurchase agreements 0 0 - 4,139 0

Repurchase agreements — triparty (4) 20,913 + 9,797 + 20,913 26,395

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 46 - 108 + 33 88

Seasonal credit 356 + 32 + 251 344

Extended credit 0 0 0 0

Float 182 - 944 + 198 826

Other F.R. assets 32,442 + 343 + 304 32,381

Gold stock 11,048 0 0 11,048

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

Treasury currency outstanding 28,885 + 14 + 2,011 28,885

Total factors supplying reserve funds 605,403 + 7,643 + 34,642 612,050

Currency in circulation* 568,033 + 3,575 + 39,718 569,735

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

Treasury cash holdings* 177 - 27 + 33 140

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

Treasury 4,880 - 234 - 17 5,445

Foreign 82 + 4 - 103 110

Service-related balances and adjustments (5) 6,746 - 42 - 136 6,746

Other 217 - 36 - 16 226

Other F.R. liabilities and capital 15,356 + 17 - 2,170 15,271

Total factors, other than reserve balances,

absorbing reserve funds 595,492 + 3,258 + 37,310 597,674

Reserve balances with F.R. Banks (6) 9,911 + 4,385 - 2,668 14,376

FEDERAL RESERVE

 June 1, 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 31, 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 $ 699,182 million, a change of $ + 320 million for the week. The total includes

$ 613,449 million of U.S. government securities and $ 85,733 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 $ 16,040 million (daily average over statement week) and $ 16,397 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,040 million (daily average) and $ 16,397 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,289 million (daily average)

and $ 4,436 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 $ 330 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 $ 6,436 million and adjustments of $ 310 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 31, 2000 Week ended

May 31, 2000 May 24, 2000 Jun 2, 1999
ASSETS

Gold certificate account 11,048 0 0

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

Coin 599 + 25 + 251

Loans 431 - 53 + 321

Acceptances 0 0 0

Repurchase agreements — triparty (1) 26,395 + 13,865 + 26,395

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 2,867

U.S. government securities (2)

Bought outright—Bills 198,323 - 3,435 + 1,933

Notes (3) 223,631 + 1,062 + 16,522

Bonds (4) 84,791 + 3 + 7,087

Total bought outright (5) 506,744 - 2,371 + 25,540

Held under repurchase agreements 0 0 - 2,634

Total U.S. government securities 506,744 - 2,371 + 22,906

Total loans and securities 533,710 + 11,441 + 46,584

Items in process of collection ( 8 5 1 ) 11,985 + 4,806 - 1,068

Bank premises 1,400 + 6 + 85

Other assets (6) 30,953 + 26 + 647

 TOTAL ASSETS ( 8 5 1 ) 594,896 + 16,304 + 43,501

LIABILITIES

Federal Reserve notes 541,590 + 3,439 + 37,989

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 21,634 + 8,376 + 7,085

U.S. Treasury—general account 5,445 + 503 + 466

Foreign—official accounts 110 + 34 - 160

Other ( 8 1 ) 226 - 23 - 40

Total deposits ( 8 1 ) 27,416 + 8,892 + 7,352

Deferred availability cash items ( 7 7 0 ) 10,619 + 3,722 0

Other liabilities and accrued dividends (7) 4,752 + 18 + 419

TOTAL LIABILITIES ( 8 5 1 ) 584,377 + 16,071 + 45,760

CAPITAL ACCOUNTS

Capital paid in 6,781 + 4 + 534

Surplus 2,679 + 40 - 3,273

Other capital accounts 1,058 + 188 + 479

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jun 2, 1999

Eliminations from

Consolidation Wednesday

May 31, 2000

Wednesday

May 24, 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 $ 254 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 $ 76 million of compensation

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

5 Net of $ 16,397 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 4,436 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 31, 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 $ 330 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 311 15,491 - 5,396 0 0 19,895 0

16 days to 90 days 120 105,584 - 2,562 0 0 6,500 0

91 days to 1 year 0 139,209 + 5,307 10 0 ——— ———

 Over 1 year to 5 years ——— 125,525 + 271 10 0 ——— ———

 Over 5 years to 10 years ——— 53,435 + 7 120 0 ——— ———

Over 10 years ——— 67,500 + 3 0 0 ——— ———

Total 431 506,744 - 2,371 140 0 26,395 0
 535

 271 23 5 0 0 8 0 11,385 12,838 4,868 29,091 0 29,091 29,104 961 93 1,456 + 1,795 34,239

f Each Federal Reserve Bank on May 31, 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 $ 254 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 76 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 $ 4,436 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 599 431 0 26,395 140 0 198,323 223,631 84,791 506,744 0 506,744 533,710 12,837 1,400 30,953 0 595,747

 4,430 2,065 43 27 0 26,395 54 0 76,553 86,322 32,729 195,604 0 195,604 222,080 1,712 163 10,232 + 3,101 243,827

 414 196 36 0 0 0 6 0 8,260 9,314 3,532 21,106 0 21,106 21,112 573 50 1,040 - 219 23,201

 520 246 36 0 0 0 8 0 11,098 12,515 4,745 28,358 0 28,358 28,366 574 157 1,847 + 3,063 34,809

 750 346 81 0 0 0 8 0 11,642 13,128 4,977 29,747 0 29,747 29,755 979 124 4,925 + 547 37,506

 802 393 72 5 0 0 9 0 13,201 14,885 5,644 33,730 0 33,730 33,744 923 190 2,076 + 1,088 39,289

 1,064 502 71 114 0 0 17 0 23,722 26,750 10,142 60,614 0 60,614 60,745 1,055 105 2,948 - 2,098 64,392

 359 167 35 68 0 0 5 0 7,534 8,495 3,221 19,250 0 19,250 19,323 607 33 900 - 635 20,788

 158 72 31 89 0 0 1 0 835 941 357 2,133 0 2,133 2,223 795 127 655 - 682 3,378

 340 156 53 48 0 0 5 0 6,609 7,452 2,826 16,887 0 16,887 16,940 730 50 886 - 970 18,185

 514 232 54 56 0 0 4 0 5,868 6,617 2,509 14,993 0 14,993 15,054 541 144 948 - 4,082 13,404

 1,162 554 64 20 0 0 15 0 21,615 24,373 9,241 55,230 0 55,230 55,265 3,387 165 3,040 - 908 62,728
f Each Federal Reserve Bank on May 31, 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.

 541,590 0 21,634 5,445 110 308 27,497 11,389 4,752 585,229 6,781 2,679 1,058 595,747 777,900 236,310 541,590 11,048 5,200 0 525,342 541,590

 31,376 0 1,394 0 1 0 1,396 737 277 33,785 290 120 44 34,239 39,427 8,051 31,376

 226,823 0 5,696 5,445 87 139 11,366 1,493 1,633 241,316 1,499 552 460 243,827 312,045 85,222 226,823

 21,765 0 478 0 1 0 480 432 209 22,886 202 83 30 23,201 30,982 9,217 21,765

 31,136 0 2,203 0 2 13 2,218 493 276 34,123 450 185 50 34,809 38,486 7,351 31,136

 31,665 0 1,675 0 8 58 1,741 1,344 347 35,097 1,677 705 27 37,506 50,434 18,770 31,665

 35,945 0 1,123 0 2 83 1,208 1,025 357 38,535 484 192 77 39,289 59,794 23,849 35,945

 59,192 0 2,836 0 3 2 2,840 855 540 63,428 609 241 114 64,392 72,928 13,736 59,192

 19,239 0 647 0 1 5 652 445 196 20,532 161 66 29 20,788 24,624 5,385 19,239

 1,489 0 835 0 1 1 836 592 72 2,989 274 98 18 3,378 10,389 8,900 1,489

 16,458 0 864 0 1 3 868 397 183 17,905 181 75 24 18,185 22,714 6,256 16,458

 11,018 0 1,445 0 1 1 1,447 427 171 13,064 222 88 31 13,404 34,267 23,249 11,018

 55,485 0 2,438 0 3 3 2,444 3,148 491 61,568 732 275 153 62,728 81,810 26,326 55,485