Reserve Bank Credit 557,277 - 3,013 + 37,616 556,956

U.S. government securities (1)

Bought outright-system account (2,3) 506,426 + 235 + 22,523 505,939

Held under repurchase agreements 0 0 - 1,079 0

Federal agency obligations (1)

Bought outright 140 0 - 171 140

Held under repurchase agreements 0 0 - 2,407 0

Repurchase agreements — triparty (4) 16,960 - 3,953 + 16,960 17,620

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 239 + 193 + 235 11

Seasonal credit 325 - 31 + 237 334

Extended credit 0 0 0 0

Float 685 + 483 + 321 200

Other F.R. assets 32,502 + 60 + 996 32,712

Gold stock 11,048 0 + 1 11,048

Special drawing rights certificate account 5,200 0 - 3,000 5,200

Treasury currency outstanding 28,899 + 14 + 1,993 28,899

Total factors supplying reserve funds 602,424 - 2,999 + 36,609 602,102

Currency in circulation* 568,525 + 492 + 39,537 568,985

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

Treasury cash holdings* 132 - 45 - 4 83

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

Treasury 4,656 - 224 - 199 5,031

Foreign 83 + 1 - 82 86

Service-related balances and adjustments (5) 7,091 + 345 + 191 7,091

Other 260 + 43 - 2 244

Other F.R. liabilities and capital 15,676 + 320 - 1,754 15,261

Total factors, other than reserve balances,

absorbing reserve funds 596,423 + 931 + 37,688 596,780

Reserve balances with F.R. Banks (6) 6,001 - 3,930 - 1,079 5,322

FEDERAL RESERVE

 June 8, 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 7, 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 $ 696,654 million, a change of $ - 2,528 million for the week. The total includes

$ 608,394 million of U.S. government securities and $ 88,261 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 $ 16,717 million (daily average over statement week) and $ 17,205 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,309 million (daily average) and $ 16,205 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,969 million (daily average)

and $ 1,925 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 $ 333 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 $ 6,394 million and adjustments of $ 697 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 7, 2000 Week ended

 Jun 7, 2000 May 31, 2000 Jun 9, 1999
ASSETS

Gold certificate account 11,048 0 + 1

Special drawing rights certificate account 5,200 0 - 3,000

Coin 636 + 37 + 291

Loans 345 - 86 + 245

Acceptances 0 0 0

Repurchase agreements — triparty (1) 17,620 - 8,775 + 17,620

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 3,106

U.S. government securities (2)

Bought outright—Bills 197,515 - 808 - 1,489

Notes (3) 223,633 + 2 + 15,638

Bonds (4) 84,791 0 + 7,085

Total bought outright (5) 505,939 - 805 + 21,233

Held under repurchase agreements 0 0 - 425

Total U.S. government securities 505,939 - 805 + 20,808

Total loans and securities 524,044 - 9,666 + 35,396

Items in process of collection (998) 8,775 - 3,210 + 942

Bank premises 1,401 + 1 + 85

Other assets (6) 31,345 + 392 + 979

 TOTAL ASSETS ( 9 9 8 ) 582,449 - 12,447 + 34,695

LIABILITIES

Federal Reserve notes 540,805 - 785 + 37,690

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 12,996 - 8,638 - 1,808

U.S. Treasury—general account 5,031 - 414 + 348

Foreign—official accounts 86 - 24 - 80

Other ( 0 ) 244 + 18 - 9

Total deposits ( 0 ) 18,357 - 9,059 - 1,549

Deferred availability cash items (998) 8,026 - 2,593 + 655

Other liabilities and accrued dividends (7) 4,887 + 135 + 553

TOTAL LIABILITIES ( 9 9 8 ) 572,076 - 12,301 + 37,350

CAPITAL ACCOUNTS

Capital paid in 6,789 + 8 + 525

Surplus 2,679 0 - 3,273

Other capital accounts 905 - 153 + 94

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jun 9, 1999

Eliminations from

Consolidation Wednesday

 Jun 7, 2000

Wednesday

May 31, 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 $ 256 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 $ 77 million of compensation

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

5 Net of $ 17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,925 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 7, 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 $ 333 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 80 18,827 + 3,336 0 0 13,625 0

16 days to 90 days 265 103,196 - 2,388 0 0 3,995 0

91 days to 1 year 0 137,454 - 1,755 10 0 ——— ———

 Over 1 year to 5 years ——— 125,525 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,436 + 1 120 0 ——— ———

Over 10 years ——— 67,500 0 0 0 ——— ———

Total 345 505,939 - 805 140 0 17,620 0
 535

 271 23 1 0 0 8 0 11,339 12,838 4,868 29,045 0 29,045 29,054 740 94 1,475 + 1,508 33,700

f Each Federal Reserve Bank on June 7, 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 $ 256 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 77 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 $ 1,925 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 636 345 0 17,620 140 0 197,515 223,633 84,791 505,939 0 505,939 524,044 9,773 1,401 31,345 0 583,447

 4,430 2,065 46 0 0 17,620 54 0 76,241 86,323 32,730 195,293 0 195,293 212,967 1,173 163 10,388 +10,075 241,308

 414 196 39 0 0 0 6 0 8,227 9,314 3,532 21,073 0 21,073 21,078 440 50 1,122 - 348 22,991

 520 246 35 0 0 0 8 0 11,053 12,515 4,745 28,313 0 28,313 28,321 346 157 1,870 + 1,898 33,393

 750 346 83 0 0 0 8 0 11,595 13,128 4,977 29,700 0 29,700 29,708 793 124 4,941 - 611 36,134

 802 393 77 9 0 0 9 0 13,147 14,886 5,644 33,677 0 33,677 33,695 707 190 2,060 + 564 38,488

 1,064 502 85 96 0 0 17 0 23,626 26,750 10,142 60,518 0 60,518 60,630 1,178 105 2,986 - 3,681 62,870

 359 167 35 55 0 0 5 0 7,503 8,495 3,221 19,219 0 19,219 19,280 365 33 908 - 576 20,571

 158 72 32 95 0 0 1 0 831 941 357 2,130 0 2,130 2,226 492 127 652 - 880 2,879

 340 156 56 55 0 0 5 0 6,582 7,452 2,826 16,860 0 16,860 16,920 637 50 896 - 1,206 17,848

 514 232 61 14 0 0 4 0 5,844 6,617 2,509 14,970 0 14,970 14,988 544 144 974 - 4,898 12,560

 1,162 554 62 19 0 0 15 0 21,527 24,374 9,241 55,142 0 55,142 55,176 2,359 165 3,073 - 1,847 60,704
f Each Federal Reserve Bank on June 7, 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.

 540,805 0 12,996 5,031 86 244 18,357 9,024 4,887 573,074 6,789 2,679 905 583,447 776,881 236,076 540,805 11,048 5,200 859 523,699 540,805

 31,341 0 944 0 1 0 946 689 284 33,259 290 120 31 33,700 39,328 7,987 31,341

 227,671 0 3,251 5,031 62 136 8,480 1,021 1,666 238,838 1,499 552 419 241,308 312,154 84,483 227,671

 21,615 0 459 0 1 0 460 385 216 22,676 208 83 24 22,991 31,005 9,390 21,615

 31,139 0 909 0 2 7 918 376 288 32,722 450 185 36 33,393 38,425 7,286 31,139

 31,399 0 1,162 0 8 95 1,265 703 359 33,727 1,677 705 25 36,134 50,254 18,855 31,399

 35,627 0 768 0 2 0 770 990 363 37,751 485 192 60 38,488 59,488 23,860 35,627

 59,026 0 1,684 0 3 1 1,688 658 554 61,926 609 241 95 62,870 72,857 13,831 59,026

 19,187 0 607 0 1 1 608 325 200 20,320 161 66 24 20,571 24,569 5,382 19,187

 1,467 0 432 0 1 0 433 515 74 2,489 274 98 18 2,879 10,362 8,895 1,467

 16,447 0 479 0 1 2 481 460 185 17,573 181 75 20 17,848 22,695 6,248 16,447

 10,935 0 757 0 1 1 759 352 178 12,224 222 88 27 12,560 34,154 23,220 10,935

 54,951 0 1,544 0 3 1 1,547 2,550 519 59,568 733 275 128 60,704 81,591 26,640 54,951