Reserve Bank Credit 560,520 - 4,418 + 33,324 563,148

U.S. government securities (1)

Bought outright-system account (2,3) 505,802 + 757 + 18,946 506,743

Held under repurchase agreements 0 0 - 1,355 0

Federal agency obligations (1)

Bought outright 140 0 - 117 140

Held under repurchase agreements 0 0 - 5,093 0

Repurchase agreements — triparty (4) 18,979 - 6,069 + 18,979 20,020

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 175 + 116 - 50 263

Seasonal credit 484 + 24 + 279 497

Extended credit 0 0 0 0

Float 372 + 330 + 87 575

Other F.R. assets 34,568 + 424 + 1,648 34,909

Gold stock 11,046 0 + 1 11,046

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

Treasury currency outstanding 29,302 + 14 + 2,240 29,302

Total factors supplying reserve funds 605,069 - 4,403 + 31,565 607,696

Currency in circulation* 572,576 + 1,174 + 37,828 572,184

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

Treasury cash holdings* 64 - 10 - 23 64

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

Treasury 4,981 - 1,178 - 283 5,020

Foreign 95 - 88 - 140 93

Service-related balances and adjustments (5) 6,886 - 177 - 144 6,886

Other 236 + 8 - 40 265

Other F.R. liabilities and capital 15,811 + 102 - 1,773 15,293

Total factors, other than reserve balances,

absorbing reserve funds 600,650 - 168 + 35,427 599,806

Reserve balances with F.R. Banks (6) 4,419 - 4,235 - 3,862 7,890

FEDERAL RESERVE

 July 13, 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 July 12, 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 $ 699,530 million, a change of $ - 4,167 million for the week. The total includes

$ 613,667 million of U.S. government securities and $ 85,863 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 $ 17,100 million (daily average over statement week) and $ 16,686 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,100 million (daily average) and $ 16,686 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,798 million (daily average)

and $ 882 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 $ 337 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 $ 6,348 million and adjustments of $ 538 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

Jul 12, 2000 Week ended

Jul 12, 2000 Jul 5, 2000 Jul 14, 1999
ASSETS

Gold certificate account 11,046 0 + 1

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

Coin 660 - 7 + 370

Loans 761 + 226 + 544

Acceptances 0 0 0

Repurchase agreements — triparty (1) 20,020 - 3,225 + 20,020

Federal agency obligations (2)

Bought outright 140 0 - 114

Held under repurchase agreements 0 0 - 6,986

U.S. government securities (2)

Bought outright—Bills 193,846 + 824 - 5,874

Notes (3) 226,382 + 243 + 16,575

Bonds (4) 86,515 + 495 + 8,631

Total bought outright (5) 506,743 + 1,563 + 19,332

Held under repurchase agreements 0 0 - 3,172

Total U.S. government securities 506,743 + 1,563 + 16,160

Total loans and securities 527,664 - 1,436 + 29,624

Items in process of collection (903) 8,000 + 1,731 + 93

Bank premises 1,411 + 1 + 89

Other assets (6) 33,457 + 562 + 1,569

 TOTAL ASSETS ( 9 0 3 ) 586,438 + 851 + 27,747

LIABILITIES

Federal Reserve notes 543,605 - 1,834 + 35,687

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,866 + 1,795 - 5,157

U.S. Treasury—general account 5,020 - 338 - 471

Foreign—official accounts 93 - 23 - 172

Other ( 0 ) 265 + 24 - 11

Total deposits ( 0 ) 20,244 + 1,458 - 5,811

Deferred availability cash items (903) 7,295 + 1,291 - 2

Other liabilities and accrued dividends (7) 4,758 + 154 + 435

TOTAL LIABILITIES ( 9 0 3 ) 575,903 + 1,071 + 30,311

CAPITAL ACCOUNTS

Capital paid in 6,870 + 4 + 583

Surplus 2,679 0 - 3,273

Other capital accounts 986 - 224 + 126

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 14, 1999

Eliminations from

Consolidation Wednesday

Jul 12, 2000

Wednesday

 Jul 5, 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 $ 259 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 $ 16,686 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 882 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, July 12, 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 $ 337 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 399 13,805 + 789 0 0 14,010 0

16 days to 90 days 362 109,879 + 66 10 0 6,010 0

91 days to 1 year 0 135,562 - 30 0 0 ——— ———

 Over 1 year to 5 years ——— 125,406 + 738 10 0 ——— ———

 Over 5 years to 10 years ——— 53,439 + 1 120 0 ——— ———

Over 10 years ——— 68,653 + 1 0 0 ——— ———

Total 761 506,743 + 1,563 140 0 20,020 0
 535

 219 21 0 0 0 8 0 11,128 12,996 4,967 29,091 0 29,091 29,100 577 94 1,590 + 1,690 33,826

f Each Federal Reserve Bank on July 12, 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 $ 259 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

sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 882 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 4,200 660 761 0 20,020 140 0 193,846 226,382 86,515 506,743 0 506,743 527,664 8,903 1,411 33,457 0 587,341

 4,428 1,668 60 0 0 20,020 54 0 74,825 87,384 33,395 195,604 0 195,604 215,678 1,023 163 11,164 + 7,899 242,083

 414 158 42 0 0 0 6 0 8,074 9,429 3,603 21,106 0 21,106 21,112 384 50 1,203 - 400 22,963

 520 199 44 0 0 0 8 0 10,848 12,669 4,841 28,358 0 28,358 28,366 375 157 1,971 + 2,363 33,993

 750 280 83 0 0 0 8 0 11,379 13,289 5,079 29,747 0 29,747 29,755 704 124 5,141 - 431 36,406

 802 317 86 14 0 0 9 0 12,903 15,069 5,759 33,730 0 33,730 33,753 1,037 201 2,194 + 849 39,238

 1,064 405 83 352 0 0 17 0 23,187 27,079 10,349 60,614 0 60,614 60,983 593 105 3,237 - 3,634 62,836

 359 135 37 91 0 0 5 0 7,364 8,600 3,286 19,250 0 19,250 19,346 315 33 987 - 578 20,633

 158 58 27 146 0 0 1 0 816 953 364 2,133 0 2,133 2,280 710 127 678 - 836 3,202

 340 126 56 64 0 0 5 0 6,460 7,544 2,883 16,887 0 16,887 16,955 513 50 964 - 1,211 17,793

 514 187 56 56 0 0 4 0 5,735 6,698 2,560 14,993 0 14,993 15,053 373 144 1,022 - 3,438 13,911

 1,162 448 64 38 0 0 15 0 21,127 24,673 9,429 55,230 0 55,230 55,283 2,301 165 3,306 - 2,272 60,456
f Each Federal Reserve Bank on July 12, 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.

 543,605 0 14,866 5,020 93 265 20,244 8,198 4,758 576,806 6,870 2,679 986 587,341 771,875 228,269 543,605 11,046 4,200 1,456 526,903 543,605

 31,640 0 876 0 1 0 878 601 266 33,385 288 120 33 33,826 38,704 7,064 31,640

 229,571 0 2,155 5,020 69 136 7,380 1,097 1,547 239,595 1,499 552 437 242,083 310,607 81,036 229,571

 21,736 0 390 0 1 0 391 302 202 22,631 212 83 36 22,963 31,330 9,594 21,736

 31,162 0 1,550 0 2 4 1,556 331 259 33,308 455 185 46 33,993 37,890 6,729 31,162

 32,108 0 899 0 8 113 1,020 563 303 33,994 1,677 705 30 36,406 50,148 18,040 32,108

 36,195 0 1,143 0 2 0 1,146 821 337 38,499 489 192 58 39,238 59,762 23,567 36,195

 58,398 0 2,309 0 3 8 2,319 662 514 61,893 606 241 96 62,836 71,704 13,306 58,398

 19,164 0 743 0 1 0 744 291 190 20,389 160 66 18 20,633 24,254 5,089 19,164

 1,405 0 737 0 1 0 739 522 68 2,733 335 98 37 3,202 10,211 8,806 1,405

 16,459 0 505 0 1 2 508 380 174 17,521 179 75 19 17,793 22,465 6,006 16,459

 11,109 0 1,705 0 1 0 1,707 329 428 13,573 222 88 28 13,911 33,769 22,660 11,109

 54,659 0 1,852 0 3 0 1,856 2,300 470 59,285 748 275 148 60,456 81,031 26,372 54,659