Reserve Bank Credit 562,174 + 2,802 + 23,754 566,432

U.S. government securities (1)

Bought outright-system account (2,3) 509,013 - 3,205 + 18,007 510,434

Held under repurchase agreements 0 0 - 1,938 0

Federal agency obligations (1)

Bought outright 130 - 6 - 108 130

Held under repurchase agreements 0 0 - 11,155 0

Repurchase agreements — triparty (4) 17,286 + 6,081 + 17,286 19,885

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 135 + 131 + 63 908

Seasonal credit 384 - 38 + 101 392

Extended credit 0 0 0 0

Float 943 - 485 + 790 91

Other F.R. assets 34,284 + 325 + 709 34,591

Gold stock 11,046 0 0 11,046

Special drawing rights certificate account 3,343 - 857 - 3,857 3,200

Treasury currency outstanding 30,381 + 14 + 2,984 30,381

Total factors supplying reserve funds 606,944 + 1,959 + 22,881 611,058

Currency in circulation* 569,322 - 2,461 + 26,744 569,415

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

Treasury cash holdings* 164 - 3 + 78 175

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

Treasury 8,574 + 3,947 + 1,062 7,413

Foreign 86 + 6 - 179 66

Service-related balances and adjustments (5) 6,473 - 116 - 451 6,473

Other 199 - 38 - 49 192

Other F.R. liabilities and capital 15,261 - 17 - 3,340 15,003

Total factors, other than reserve balances,

absorbing reserve funds 600,079 + 1,319 + 23,865 598,737

Reserve balances with F.R. Banks (6) 6,865 + 641 - 984 12,321

FEDERAL RESERVE

 September 21, 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 September 20, 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 $ 707,015 million, a change of $ - 5,860 million for the week. The total includes

$ 610,523 million of U.S. government securities and $ 96,492 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 $ 17,571 million (daily average over statement week) and $ 16,870 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,571 million (daily average) and $ 16,870 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 220 million (daily average)

and $ 839 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 427 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 $ 6,259 million and adjustments of $ 215 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

Sep 20, 2000 Week ended

Sep 20, 2000 Sep 13, 2000 Sep 22, 1999
ASSETS

Gold certificate account 11,046 0 - 2

Special drawing rights certificate account 3,200 - 1,000 - 4,000

Coin 765 + 30 + 481

Loans 1,300 + 905 + 882

Acceptances 0 0 0

Repurchase agreements — triparty (1) 19,885 + 8,045 + 19,885

Federal agency obligations (2)

Bought outright 130 0 - 108

Held under repurchase agreements 0 0 - 14,877

U.S. government securities (2)

Bought outright—Bills 184,032 - 2,445 - 15,172

Notes (3) 235,256 + 1,605 + 23,458

Bonds (4) 91,147 + 447 + 11,095

Total bought outright (5) 510,434 - 395 + 19,380

Held under repurchase agreements 0 0 - 4,893

Total U.S. government securities 510,434 - 395 + 14,488

Total loans and securities 531,750 + 8,557 + 20,270

Items in process of collection (764) 7,863 - 2,117 + 971

Bank premises 1,422 + 2 + 88

Other assets (6) 33,277 + 476 + 686

 TOTAL ASSETS ( 7 6 4 ) 589,323 + 5,948 + 18,496

LIABILITIES

Federal Reserve notes 539,974 - 2,056 + 23,775

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,341 + 6,470 - 1,499

U.S. Treasury—general account 7,413 + 2,065 - 308

Foreign—official accounts 66 - 8 - 95

Other ( 0 ) 192 + 4 - 52

Total deposits ( 0 ) 27,012 + 8,532 - 1,954

Deferred availability cash items (764) 7,334 - 582 + 224

Other liabilities and accrued dividends (7) 4,328 - 41 - 740

TOTAL LIABILITIES ( 7 6 4 ) 578,648 + 5,854 + 21,305

CAPITAL ACCOUNTS

Capital paid in 6,935 + 15 + 617

Surplus 2,679 0 - 3,273

Other capital accounts 1,060 + 78 - 155

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 22, 1999

Eliminations from

Consolidation Wednesday

Sep 20, 2000

Wednesday

Sep 13, 2000

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

2 Face value of the securities.

3 Includes $ 4,857 million of inflation-indexed securities valued at the original face amount and $ 338 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 $ 90 million of compensation

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

5 Net of $ 16,870 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 839 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, September 20, 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 $ 6,395 million of inflation-indexed securities valued at the original face amount and $ 427 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 1,255 17,138 - 1,195 0 0 13,990 0

16 days to 90 days 46 109,017 - 1,920 0 0 5,895 0

91 days to 1 year 0 128,256 + 1,384 0 0 ——— ———

 Over 1 year to 5 years ——— 131,337 + 838 30 0 ——— ———

 Over 5 years to 10 years ——— 53,525 + 450 100 0 ——— ———

Over 10 years ——— 71,162 + 49 0 0 ——— ———

Total 1,300 510,434 - 395 130 0 19,885 0
 535

 167 20 0 0 0 7 0 10,565 13,506 5,233 29,303 0 29,303 29,311 521 94 1,590 + 1,253 33,490

Each Federal Reserve Bank on September 20, 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 $ 338 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 90 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 $ 839 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 3,200 765 1,300 0 19,885 130 0 184,032 235,256 91,147 510,434 0 510,434 531,750 8,627 1,422 33,277 0 590,087

 4,428 1,271 68 0 0 19,885 50 0 71,037 90,809 35,183 197,029 0 197,029 216,964 918 163 11,224 +12,291 247,326

 414 120 48 3 0 0 5 0 7,665 9,799 3,796 21,260 0 21,260 21,268 486 49 1,206 - 1,075 22,517

 520 151 50 475 0 0 7 0 10,299 13,165 5,101 28,564 0 28,564 29,047 338 156 1,945 + 1,315 33,523

 750 213 100 0 0 0 8 0 10,803 13,810 5,351 29,964 0 29,964 29,971 730 124 5,027 + 1,428 38,343

 802 242 101 277 0 0 9 0 12,250 15,659 6,067 33,976 0 33,976 34,262 964 219 2,167 + 1,290 40,047

 1,064 309 97 216 0 0 16 0 22,013 28,140 10,903 61,056 0 61,056 61,287 523 105 3,218 - 3,626 62,978

 359 103 44 81 0 0 5 0 6,991 8,937 3,462 19,390 0 19,390 19,476 294 33 995 - 719 20,584

 158 44 24 103 0 0 1 0 775 990 384 2,149 0 2,149 2,253 502 126 657 - 1,146 2,618

 340 96 53 87 0 0 4 0 6,133 7,840 3,037 17,010 0 17,010 17,101 535 49 960 - 1,227 17,907

 514 143 64 50 0 0 4 0 5,445 6,961 2,697 15,103 0 15,103 15,157 498 138 1,013 - 5,101 12,426

 1,162 341 97 8 0 0 14 0 20,057 25,640 9,934 55,632 0 55,632 55,654 2,318 165 3,276 - 4,683 58,330
Each Federal Reserve Bank on September 20, 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.

 539,974 0 19,341 7,413 66 192 27,012 8,099 4,328 579,413 6,935 2,679 1,060 590,087 765,300 225,326 539,974 11,046 3,200 0 525,728 539,974

 31,042 0 1,075 0 1 1 1,077 521 258 32,899 367 120 104 33,490 37,736 6,694 31,042

 231,131 0 3,729 7,413 42 139 11,322 929 1,478 244,860 1,491 552 423 247,326 307,143 76,011 231,131

 21,120 0 452 0 1 1 454 415 195 22,183 212 83 38 22,517 31,668 10,548 21,120

 30,830 0 1,416 0 2 4 1,422 310 250 32,811 469 185 57 33,523 37,537 6,707 30,830

 32,231 0 2,714 0 8 36 2,757 638 303 35,929 1,680 705 29 38,343 52,157 19,926 32,231

 36,929 0 1,178 0 2 1 1,182 860 331 39,302 490 192 63 40,047 61,018 24,089 36,929

 57,155 0 3,775 0 3 4 3,783 589 492 62,019 613 241 105 62,978 70,378 13,222 57,155

 19,031 0 923 0 1 0 924 223 180 20,358 136 66 24 20,584 23,930 4,899 19,031

 1,126 0 449 0 1 0 450 486 71 2,133 357 98 31 2,618 9,879 8,753 1,126

 16,282 0 797 0 1 4 802 385 169 17,638 175 75 19 17,907 21,889 5,607 16,282

 10,644 0 982 0 1 1 983 350 156 12,133 187 88 17 12,426 33,070 22,426 10,644

 52,452 0 1,851 0 3 2 1,856 2,393 447 57,147 757 275 151 58,330 78,895 26,443 52,452