Reserve Bank Credit 559,618 + 2,321 + 46,062 567,387

U.S. government securities (1)

Bought outright-system account (2,3) 507,438 + 4,845 + 36,875 508,029

Held under repurchase agreements 0 0 - 6,685 0

Federal agency obligations (1)

Bought outright 140 - 6 - 171 140

Held under repurchase agreements 0 0 - 2,022 0

Repurchase agreements — triparty (4) 16,624 - 2,518 + 16,624 23,775

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 55 - 417 - 144 86

Seasonal credit 103 - 2 + 67 119

Extended credit 0 0 0 0

Float 243 + 129 + 140 117

Other F.R. assets 35,015 + 289 + 1,377 35,122

Gold stock 11,048 0 - 1 11,048

Special drawing rights certificate account 5,771 - 429 - 2,429 5,200

Treasury currency outstanding 28,436 + 14 + 1,726 28,436

Total factors supplying reserve funds 604,874 + 1,906 + 45,359 612,072

Currency in circulation* 564,204 - 210 + 44,542 564,940

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

Treasury cash holdings* 198 + 1 + 53 201

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

Treasury 6,778 + 1,316 - 12 5,672

Foreign 91 - 34 - 124 137

Service-related balances and adjustments (5) 6,786 - 35 + 69 6,786

Other 274 0 - 9 276

Other F.R. liabilities and capital 19,269 - 384 + 2,000 18,961

Total factors, other than reserve balances,

absorbing reserve funds 597,599 + 653 + 46,519 596,972

Reserve balances with F.R. Banks (6) 7,275 + 1,254 - 1,160 15,099

FEDERAL RESERVE

 April 20, 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 April 19, 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 $ 714,783 million, a change of $ - 9,653 million for the week. The total includes

$ 627,945 million of U.S. government securities and $ 86,838 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 $ 16,918 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,918 million (daily average) and $ 16,543 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 491 million (daily average)

and $ 1,681 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 $ 268 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 $ 6,560 million and adjustments of $ 226 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

Apr 19, 2000 Week ended

Apr 19, 2000 Apr 12, 2000 Apr 21, 1999
ASSETS

Gold certificate account 11,048 0 - 1

Special drawing rights certificate account 5,200 - 1,000 - 3,000

Coin 531 + 34 + 116

Loans 205 + 57 - 1,203

Acceptances 0 0 0

Repurchase agreements — triparty (1) 23,775 + 5,475 + 23,775

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 1,334

U.S. government securities (2)

Bought outright—Bills 201,252 + 3,510 + 2,534

Notes (3) 221,017 + 318 + 23,897

Bonds (4) 85,760 + 62 + 11,093

Total bought outright (5) 508,029 + 3,890 + 37,523

Held under repurchase agreements 0 0 - 5,880

Total U.S. government securities 508,029 + 3,890 + 31,643

Total loans and securities 532,149 + 9,422 + 52,710

Items in process of collection (962) 9,083 + 91 + 18

Bank premises 1,390 + 1 + 81

Other assets (6) 33,751 + 215 + 1,383

 TOTAL ASSETS ( 9 6 2 ) 593,152 + 8,763 + 51,307

LIABILITIES

Federal Reserve notes 537,236 - 371 + 42,986

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 22,263 + 9,104 + 6,980

U.S. Treasury—general account 5,672 - 161 - 1,018

Foreign—official accounts 137 - 9 - 56

Other ( 0 ) 276 - 1 + 36

Total deposits ( 0 ) 28,348 + 8,932 + 5,942

Deferred availability cash items (962) 8,607 + 198 + 425

Other liabilities and accrued dividends (7) 4,853 - 3 + 669

TOTAL LIABILITIES ( 9 6 2 ) 579,044 + 8,757 + 50,021

CAPITAL ACCOUNTS

Capital paid in 6,747 + 1 + 581

Surplus 6,431 0 + 479

Other capital accounts 929 + 4 + 225

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Apr 21, 1999

Eliminations from

Consolidation Wednesday

Apr 19, 2000

Wednesday

Apr 12, 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 $ 208 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 $ 60 million of compensation

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

5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,681 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, April 19, 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 $ 268 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 184 17,248 + 1,630 0 0 12,780 0

16 days to 90 days 21 105,581 + 99 0 0 10,995 0

91 days to 1 year 0 139,792 + 1,214 10 0 ——— ———

 Over 1 year to 5 years ——— 124,896 + 11 10 0 ——— ———

 Over 5 years to 10 years ——— 52,380 + 934 120 0 ——— ———

Over 10 years ——— 68,132 + 2 0 0 ——— ———

Total 205 508,029 + 3,890 140 0 23,775 0
 535

 271 17 28 0 0 8 0 11,554 12,688 4,923 29,165 0 29,165 29,201 589 94 1,605 + 1,531 33,843

f Each Federal Reserve Bank on April 19, 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 $ 208 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 60 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 $ 1,681 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 531 205 0 23,775 140 0 201,252 221,017 85,760 508,029 0 508,029 532,149 10,045 1,390 33,751 0 594,113

 4,430 2,065 32 0 0 23,775 54 0 77,684 85,313 33,104 196,100 0 196,100 219,929 1,251 164 11,241 + 3,154 242,266

 414 196 20 0 0 0 6 0 8,382 9,205 3,572 21,160 0 21,160 21,165 351 50 1,178 - 1,003 22,371

 520 246 21 0 0 0 8 0 11,262 12,368 4,799 28,430 0 28,430 28,438 404 157 2,008 + 2,618 34,411

 750 346 67 0 0 0 8 0 11,814 12,974 5,034 29,822 0 29,822 29,831 644 124 5,223 + 435 37,420

 802 393 54 2 0 0 9 0 13,396 14,711 5,708 33,816 0 33,816 33,827 819 174 2,216 + 1,816 40,101

 1,064 502 70 56 0 0 17 0 24,073 26,437 10,258 60,768 0 60,768 60,840 841 106 3,258 - 1,836 64,845

 359 167 31 30 0 0 5 0 7,645 8,396 3,258 19,299 0 19,299 19,334 368 33 994 - 384 20,902

 158 72 47 21 0 0 1 0 847 930 361 2,139 0 2,139 2,160 590 127 685 - 583 3,257

 340 156 48 29 0 0 5 0 6,707 7,365 2,858 16,930 0 16,930 16,964 532 50 973 - 960 18,102

 514 232 60 2 0 0 4 0 5,955 6,539 2,537 15,031 0 15,031 15,037 719 145 1,030 - 3,515 14,222

 1,162 554 63 37 0 0 15 0 21,934 24,088 9,347 55,370 0 55,370 55,422 2,939 165 3,342 - 1,273 62,373
f Each Federal Reserve Bank on April 19, 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.

 537,236 0 22,263 5,672 137 276 28,348 9,569 4,853 580,005 6,747 6,431 929 594,113 784,953 247,718 537,236 11,048 5,200 0 520,987 537,236

 31,170 0 1,183 0 1 0 1,185 593 283 33,231 289 289 34 33,843 40,168 8,998 31,170

 224,058 0 6,263 5,672 113 140 12,187 1,106 1,676 239,027 1,492 1,325 421 242,266 313,024 88,966 224,058

 20,888 0 442 0 1 0 443 394 217 21,942 202 199 27 22,371 30,303 9,414 20,888

 30,755 0 1,978 0 2 9 1,989 470 278 33,492 444 444 31 34,411 39,042 8,287 30,755

 30,280 0 2,626 0 8 118 2,751 642 353 34,025 1,675 1,691 28 37,420 51,046 20,766 30,280

 36,616 0 1,113 0 2 3 1,118 1,008 359 39,101 481 460 58 40,101 60,633 24,016 36,616

 59,622 0 2,675 0 3 1 2,679 690 555 63,546 616 578 105 64,845 74,037 14,414 59,622

 19,283 0 798 0 1 1 800 278 201 20,562 160 158 22 20,902 25,005 5,722 19,283

 1,572 0 524 0 1 1 527 542 74 2,714 271 235 37 3,257 10,592 9,020 1,572

 16,294 0 776 0 1 2 780 463 184 17,720 181 179 23 18,102 23,120 6,826 16,294

 10,906 0 2,160 0 1 1 2,161 532 172 13,771 217 211 23 14,222 34,882 23,975 10,906

 55,791 0 1,724 0 3 1 1,728 2,852 503 60,873 720 660 120 62,373 83,102 27,312 55,791