Reserve Bank Credit 571,915 - 1,660 - 2,641 570,757

U.S. government securities (1)

Bought outright-system account (2,3) 513,267 - 422 + 19,269 513,100

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 130 0 - 51 130

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 23,677 - 1,043 - 22,077 22,525

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 69 + 21 + 48 13

Seasonal credit 121 - 27 + 60 121

Extended credit 0 0 0 0

Float 544 - 129 - 678 549

Other F.R. assets 34,106 - 60 + 796 34,319

Gold stock 11,046 0 - 2 11,046

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

Treasury currency outstanding 30,937 + 26 + 3,065 30,937

Total factors supplying reserve funds 617,097 - 1,634 - 3,580 615,939

Currency in circulation* 578,814 - 1,230 - 6,402 579,915

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

Treasury cash holdings* 353 + 38 + 241 403

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

Treasury 5,275 + 335 + 475 5,215

Foreign 81 + 7 - 105 89

Service-related balances and adjustments (5) 6,606 - 152 - 487 6,606

Other 263 + 34 + 39 244

Other F.R. liabilities and capital 18,272 + 245 - 73 18,074

Total factors, other than reserve balances,

absorbing reserve funds 609,664 - 724 - 6,312 610,546

Reserve balances with F.R. Banks (6) 7,433 - 910 + 2,732 5,393

FEDERAL RESERVE

 December 7, 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 December 6, 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 $ 689,145 million, a change of $ + 5,122 million for the week. The total includes

$ 589,255 million of U.S. government securities and $ 99,890 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 $ 16,942 million (daily average over statement week) and $ 17,141 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,942 million (daily average) and $ 17,141 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 657 million (daily average)

and $ 50 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 520 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 $ 6,180 million and adjustments of $ 426 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

 Dec 6, 2000 Week ended

 Dec 6, 2000 Nov 29, 2000 Dec 8, 1999
ASSETS

Gold certificate account 11,046 0 - 2

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

Coin 914 + 22 + 686

Loans 134 - 304 + 36

Acceptances 0 0 0

Repurchase agreements — triparty (1) 22,525 - 3,105 - 24,500

Federal agency obligations (2)

Bought outright 130 0 - 51

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 183,384 - 433 - 15,849

Notes (3) 237,028 - 776 + 23,755

Bonds (4) 92,688 + 1 + 10,450

Total bought outright (5) 513,100 - 1,208 + 18,356

Held under repurchase agreements 0 0 0

Total U.S. government securities 513,100 - 1,208 + 18,356

Total loans and securities 535,889 - 4,617 - 6,159

Items in process of collection (833) 9,378 + 2,180 + 420

Bank premises 1,441 0 + 87

Other assets (6) 32,797 - 203 + 716

 TOTAL ASSETS ( 8 3 3 ) 594,665 - 2,617 - 8,252

LIABILITIES

Federal Reserve notes 550,295 - 662 - 11,301

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 12,155 - 4,207 + 1,966

U.S. Treasury—general account 5,215 + 159 + 88

Foreign—official accounts 89 + 16 - 89

Other ( 0 ) 244 + 17 + 30

Total deposits ( 0 ) 17,702 - 4,016 + 1,993

Deferred availability cash items (833) 8,594 + 1,900 + 1,125

Other liabilities and accrued dividends (7) 4,397 - 12 - 60

TOTAL LIABILITIES ( 8 3 3 ) 580,988 - 2,790 - 8,244

CAPITAL ACCOUNTS

Capital paid in 7,088 + 17 + 676

Surplus 2,679 0 - 3,273

Other capital accounts 3,910 + 156 + 2,590

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Dec 8, 1999

Eliminations from

Consolidation Wednesday

 Dec 6, 2000

Wednesday

Nov 29, 2000

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

2 Face value of the securities.

3 Includes $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 418 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 $ 102 million of compensation

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

5 Net of $ 17,141 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 50 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, December 6, 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 $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 520 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 41 17,413 + 1,935 0 0 11,515 0

16 days to 90 days 93 115,290 + 979 0 0 11,010 0

91 days to 1 year 0 123,073 - 3,291 0 0 ——— ———

 Over 1 year to 5 years ——— 131,746 - 835 130 0 ——— ———

 Over 5 years to 10 years ——— 54,684 + 3 0 0 ——— ———

Over 10 years ——— 70,894 + 1 0 0 ——— ———

Total 134 513,100 - 1,208 130 0 22,525 0
 535

 167 36 0 0 0 7 0 10,528 13,607 5,321 29,456 0 29,456 29,464 476 94 1,545 + 1,194 33,512

 Each Federal Reserve Bank on December 6, 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 $ 418 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 102 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 $ 50 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 3,200 914 134 0 22,525 130 0 183,384 237,028 92,688 513,100 0 513,100 535,889 10,212 1,441 32,797 0 595,499

 4,428 1,271 77 1 0 22,525 50 0 70,787 91,493 35,778 198,058 0 198,058 220,634 1,126 166 11,068 +12,360 251,129

 414 120 53 0 0 0 5 0 7,638 9,872 3,860 21,371 0 21,371 21,376 513 50 1,177 - 115 23,588

 520 151 55 0 0 0 7 0 10,262 13,264 5,187 28,714 0 28,714 28,721 436 154 1,915 + 1,336 33,288

 750 213 114 0 0 0 8 0 10,765 13,914 5,441 30,120 0 30,120 30,128 815 126 5,052 + 271 37,469

 802 242 98 0 0 0 9 0 12,207 15,777 6,170 34,153 0 34,153 34,162 920 234 2,139 + 2,104 40,702

 1,064 309 97 40 0 0 16 0 21,936 28,352 11,087 61,374 0 61,374 61,430 831 104 3,137 - 2,792 64,180

 359 103 50 21 0 0 5 0 6,966 9,004 3,521 19,491 0 19,491 19,517 461 34 954 - 1,114 20,364

 158 44 33 13 0 0 1 0 772 998 390 2,160 0 2,160 2,174 730 126 660 - 247 3,678

 340 96 67 38 0 0 4 0 6,111 7,899 3,089 17,099 0 17,099 17,141 849 49 944 - 1,087 18,398

 514 143 83 21 0 0 4 0 5,426 7,013 2,742 15,181 0 15,181 15,206 619 138 999 - 7,183 10,519

 1,162 341 151 0 0 0 14 0 19,987 25,833 10,102 55,922 0 55,922 55,937 2,435 166 3,207 - 4,728 58,672
 Each Federal Reserve Bank on December 6, 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.

 550,295 0 12,155 5,215 89 244 17,702 9,427 4,397 581,821 7,088 2,679 3,910 595,499 755,565 205,270 550,295 11,046 3,200 295 535,755 550,295

 31,327 0 504 0 1 0 505 666 259 32,758 358 120 276 33,512 37,003 5,675 31,327

 237,179 0 2,564 5,215 65 135 7,978 1,173 1,481 247,811 1,530 552 1,235 251,129 302,489 65,310 237,179

 21,900 0 456 0 1 2 459 538 196 23,094 236 83 175 23,588 31,736 9,836 21,900

 31,019 0 650 0 2 1 654 396 253 32,321 499 185 283 33,288 36,668 5,650 31,019

 32,817 0 935 0 8 65 1,008 733 325 34,883 1,678 705 204 37,469 51,226 18,409 32,817

 37,407 0 907 0 2 1 910 1,022 338 39,677 493 192 340 40,702 60,690 23,283 37,407

 59,883 0 1,734 0 3 2 1,738 732 495 62,849 631 241 459 64,180 71,057 11,174 59,883

 19,224 0 404 0 1 0 405 255 179 20,063 138 66 97 20,364 23,367 4,143 19,224

 1,394 0 1,089 0 1 1 1,091 629 73 3,187 368 98 25 3,678 9,648 8,254 1,394

 16,622 0 732 0 1 32 764 466 170 18,023 178 75 123 18,398 21,713 5,091 16,622

 9,122 0 525 0 1 1 526 321 159 10,129 187 88 116 10,519 32,538 23,416 9,122

 52,401 0 1,656 0 3 3 1,663 2,495 467 57,027 791 275 579 58,672 77,430 25,029 52,401