Reserve Bank Credit 559,552 + 588 + 32,944 566,891

U.S. government securities (1)

Bought outright-system account (2,3) 506,611 - 1,463 + 20,856 507,884

Held under repurchase agreements 0 0 - 4,259 0

Federal agency obligations (1)

Bought outright 140 0 - 120 140

Held under repurchase agreements 0 0 - 3,331 0

Repurchase agreements — triparty (4) 17,478 + 1,915 + 17,478 22,975

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 40 - 6 + 20 50

Seasonal credit 461 + 66 + 288 476

Extended credit 0 0 0 0

Float 834 - 351 + 863 1,155

Other F.R. assets 33,988 + 427 + 1,147 34,211

Gold stock 11,047 - 1 + 1 11,047

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

Treasury currency outstanding 29,274 + 14 + 2,270 29,274

Total factors supplying reserve funds 604,074 + 602 + 31,216 611,412

Currency in circulation* 566,917 - 214 + 37,883 569,192

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

Treasury cash holdings* 68 0 - 22 68

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

Treasury 6,983 - 960 + 160 6,613

Foreign 89 + 6 - 134 117

Service-related balances and adjustments (5) 6,853 - 65 - 363 6,853

Other 198 - 53 - 4 191

Other F.R. liabilities and capital 15,621 + 50 - 2,339 15,313

Total factors, other than reserve balances,

absorbing reserve funds 596,729 - 1,236 + 35,180 598,346

Reserve balances with F.R. Banks (6) 7,345 + 1,838 - 3,964 13,066

FEDERAL RESERVE

 June 29, 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 June 28, 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 $ 701,939 million, a change of $ - 1,745 million for the week. The total includes

$ 615,985 million of U.S. government securities and $ 85,953 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 $ 17,184 million (daily average over statement week) and $ 16,885 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,184 million (daily average) and $ 16,885 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 682 million (daily average)

and $ 1,488 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 $ 335 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 $ 6,381 million and adjustments of $ 472 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

Jun 28, 2000 Week ended

Jun 28, 2000 Jun 21, 2000 Jun 30, 1999
ASSETS

Gold certificate account 11,047 - 1 + 1

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

Coin 679 + 5 + 368

Loans 526 - 57 + 306

Acceptances 0 0 0

Repurchase agreements — triparty (1) 22,975 + 2,005 + 22,975

Federal agency obligations (2)

Bought outright 140 0 - 119

Held under repurchase agreements 0 0 - 5,179

U.S. government securities (2)

Bought outright—Bills 195,726 - 2,173 - 2,401

Notes (3) 226,138 + 1,449 + 17,283

Bonds (4) 86,020 + 77 + 8,136

Total bought outright (5) 507,884 - 647 + 23,018

Held under repurchase agreements 0 0 - 9,100

Total U.S. government securities 507,884 - 647 + 13,918

Total loans and securities 531,525 + 1,301 + 31,901

Items in process of collection (768) 7,924 - 1,888 + 159

Bank premises 1,402 - 1 + 81

Other assets (6) 32,782 + 355 + 1,085

 TOTAL ASSETS ( 7 6 8 ) 589,559 - 229 + 29,595

LIABILITIES

Federal Reserve notes 540,664 + 1,379 + 35,241

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,709 + 6,126 - 2,447

U.S. Treasury—general account 6,613 - 7,055 - 107

Foreign—official accounts 117 + 31 - 293

Other ( 0 ) 191 - 47 - 50

Total deposits ( 0 ) 26,630 - 943 - 2,897

Deferred availability cash items (768) 6,952 - 724 - 400

Other liabilities and accrued dividends (7) 4,811 + 44 + 157

TOTAL LIABILITIES ( 7 6 8 ) 579,057 - 244 + 32,101

CAPITAL ACCOUNTS

Capital paid in 6,865 + 2 + 583

Surplus 2,679 0 - 3,273

Other capital accounts 958 + 13 + 183

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 30, 1999

Eliminations from

Consolidation Wednesday

Jun 28, 2000

Wednesday

Jun 21, 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 $ 16,885 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,488 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, June 28, 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 $ 335 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 481 17,350 - 1,594 0 0 16,975 0

16 days to 90 days 45 107,056 - 1,364 10 0 6,000 0

91 days to 1 year 0 135,157 + 1,604 0 0 ——— ———

 Over 1 year to 5 years ——— 126,231 + 705 10 0 ——— ———

 Over 5 years to 10 years ——— 53,438 + 1 120 0 ——— ———

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

Total 526 507,884 - 647 140 0 22,975 0
 535

 219 23 4 0 0 8 0 11,236 12,982 4,938 29,157 0 29,157 29,169 582 94 1,567 + 1,704 33,892

f Each Federal Reserve Bank on June 28, 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 $ 1,488 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,047 4,200 679 526 0 22,975 140 0 195,726 226,138 86,020 507,884 0 507,884 531,525 8,692 1,402 32,782 0 590,326

 4,429 1,668 60 0 0 22,975 54 0 75,551 87,290 33,204 196,044 0 196,044 219,073 984 164 10,958 + 8,782 246,118

 414 158 40 1 0 0 6 0 8,152 9,419 3,583 21,154 0 21,154 21,161 382 50 1,181 - 283 23,101

 520 199 48 0 0 0 8 0 10,953 12,655 4,814 28,422 0 28,422 28,430 444 156 1,926 + 1,849 33,573

 750 280 85 0 0 0 8 0 11,490 13,275 5,050 29,814 0 29,814 29,822 508 124 5,038 - 83 36,523

 802 317 83 12 0 0 9 0 13,028 15,052 5,726 33,806 0 33,806 33,827 908 190 2,145 + 1,127 39,400

 1,064 405 94 133 0 0 17 0 23,412 27,049 10,289 60,750 0 60,750 60,900 513 105 3,164 - 3,966 62,279

 359 135 40 91 0 0 5 0 7,435 8,590 3,268 19,293 0 19,293 19,389 340 33 962 - 550 20,708

 158 58 30 128 0 0 1 0 824 952 362 2,138 0 2,138 2,267 569 127 661 - 655 3,216

 340 126 59 74 0 0 5 0 6,522 7,536 2,867 16,925 0 16,925 17,003 580 50 945 - 1,257 17,846

 514 187 58 32 0 0 4 0 5,791 6,691 2,545 15,027 0 15,027 15,063 499 144 1,001 - 4,032 13,434

 1,162 448 60 52 0 0 15 0 21,332 24,647 9,375 55,354 0 55,354 55,421 2,383 165 3,234 - 2,637 60,237
f Each Federal Reserve Bank on June 28, 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.

 540,664 0 19,709 6,613 117 191 26,630 7,719 4,811 579,825 6,865 2,679 958 590,326 773,885 233,221 540,664 11,047 4,200 0 525,417 540,664

 31,205 0 1,404 0 1 0 1,406 561 277 33,449 291 120 32 33,892 38,799 7,594 31,205

 228,314 0 5,909 6,613 93 136 12,750 955 1,627 243,646 1,499 552 420 246,118 311,031 82,717 228,314

 21,768 0 458 0 1 1 460 336 210 22,774 212 83 32 23,101 31,278 9,510 21,768

 30,978 0 1,330 0 2 8 1,340 299 275 32,891 455 185 42 33,573 37,961 6,983 30,978

 31,797 0 1,331 0 8 41 1,380 569 356 34,103 1,677 705 39 36,523 50,098 18,300 31,797

 36,277 0 1,222 0 2 0 1,224 808 356 38,664 481 192 63 39,400 59,920 23,643 36,277

 57,943 0 2,275 0 3 1 2,279 574 537 61,333 605 241 100 62,279 71,990 14,047 57,943

 19,092 0 889 0 1 0 890 279 197 20,458 160 66 23 20,708 24,354 5,262 19,092

 1,395 0 743 0 1 0 745 545 76 2,760 335 98 23 3,216 10,253 8,858 1,395

 16,397 0 654 0 1 2 657 338 182 17,573 179 75 20 17,846 22,554 6,157 16,397

 10,918 0 1,695 0 1 1 1,697 271 210 13,096 223 88 27 13,434 33,979 23,061 10,918

 54,580 0 1,800 0 3 1 1,804 2,185 509 59,077 748 275 137 60,237 81,667 27,087 54,580