Reserve Bank Credit 558,302 - 11 + 32,101 561,826

U.S. government securities (1)

Bought outright-system account (2,3) 506,293 - 754 + 19,103 507,830

Held under repurchase agreements 0 0 - 2,190 0

Federal agency obligations (1)

Bought outright 140 0 - 112 140

Held under repurchase agreements 0 0 - 2,637 0

Repurchase agreements — triparty (4) 15,237 + 364 + 15,237 16,955

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 12 - 19 - 6 12

Seasonal credit 549 + 44 + 292 556

Extended credit 0 0 0 0

Float 487 - 111 + 206 537

Other F.R. assets 35,584 + 466 + 2,208 35,795

Gold stock 11,046 0 - 1 11,046

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

Treasury currency outstanding 29,783 + 14 + 2,662 29,783

Total factors supplying reserve funds 603,332 + 4 + 30,762 606,855

Currency in circulation* 568,396 - 1,709 + 35,517 569,138

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

Treasury cash holdings* 102 + 33 + 49 118

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

Treasury 4,633 - 700 - 268 5,134

Foreign 111 + 13 - 94 94

Service-related balances and adjustments (5) 6,837 + 243 - 474 6,837

Other 217 - 32 - 57 221

Other F.R. liabilities and capital 15,792 + 453 - 1,858 15,436

Total factors, other than reserve balances,

absorbing reserve funds 596,088 - 1,700 + 32,814 596,978

Reserve balances with F.R. Banks (6) 7,244 + 1,704 - 2,052 9,877

FEDERAL RESERVE

 July 27, 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 26, 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 $ 703,645 million, a change of $ - 5,471 million for the week. The total includes

$ 616,859 million of U.S. government securities and $ 86,787 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 $ 16,606 million (daily average over statement week) and $ 17,213 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,606 million (daily average) and $ 17,213 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,432 million (daily average)

and $ 845 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 $ 339 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 $ 6,355 million and adjustments of $ 482 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 26, 2000 Week ended

Jul 26, 2000 Jul 19, 2000 Jul 28, 1999
ASSETS

Gold certificate account 11,046 0 - 1

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

Coin 715 + 27 + 415

Loans 568 - 69 + 292

Acceptances 0 0 0

Repurchase agreements — triparty (1) 16,955 + 2,945 + 16,955

Federal agency obligations (2)

Bought outright 140 0 - 109

Held under repurchase agreements 0 0 - 4,135

U.S. government securities (2)

Bought outright—Bills 191,626 - 548 - 8,308

Notes (3) 228,869 + 1,256 + 19,098

Bonds (4) 87,335 + 30 + 9,451

Total bought outright (5) 507,830 + 737 + 20,241

Held under repurchase agreements 0 0 - 2,355

Total U.S. government securities 507,830 + 737 + 17,886

Total loans and securities 525,493 + 3,614 + 30,888

Items in process of collection (832) 7,390 - 614 + 698

Bank premises 1,413 0 + 84

Other assets (6) 34,382 + 504 + 2,066

 TOTAL ASSETS ( 8 3 2 ) 584,640 + 3,532 + 30,152

LIABILITIES

Federal Reserve notes 540,188 - 840 + 32,352

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 16,752 + 5,103 + 89

U.S. Treasury—general account 5,134 - 788 - 177

Foreign—official accounts 94 - 54 - 227

Other ( 0 ) 221 - 4 - 11

Total deposits ( 0 ) 22,201 + 4,256 - 327

Deferred availability cash items (832) 6,815 - 355 + 129

Other liabilities and accrued dividends (7) 4,888 + 455 + 551

TOTAL LIABILITIES ( 8 3 2 ) 574,092 + 3,517 + 32,705

CAPITAL ACCOUNTS

Capital paid in 6,880 + 3 + 584

Surplus 2,679 0 - 3,273

Other capital accounts 988 + 11 + 135

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 28, 1999

Eliminations from

Consolidation Wednesday

Jul 26, 2000

Wednesday

Jul 19, 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 $ 260 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 $ 17,213 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 845 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 26, 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 $ 339 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 515 18,709 - 2,105 0 0 10,925 0

16 days to 90 days 54 107,688 + 321 10 0 6,030 0

91 days to 1 year 0 131,913 + 2,520 0 0 ——— ———

 Over 1 year to 5 years ——— 126,927 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,440 + 1 120 0 ——— ———

Over 10 years ——— 69,153 0 0 0 ——— ———

Total 568 507,830 + 737 140 0 16,955 0
 535

 219 20 0 0 0 8 0 11,001 13,139 5,014 29,154 0 29,154 29,162 455 94 1,635 + 2,057 34,177

f Each Federal Reserve Bank on July 26, 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 $ 260 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 $ 845 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 4,200 715 568 0 16,955 140 0 191,626 228,869 87,335 507,830 0 507,830 525,493 8,221 1,413 34,382 0 585,471

 4,428 1,668 61 3 0 16,955 54 0 73,968 88,344 33,711 196,023 0 196,023 213,035 959 164 11,462 +11,564 243,342

 414 158 51 1 0 0 6 0 7,981 9,532 3,638 21,151 0 21,151 21,158 403 49 1,236 - 559 22,910

 520 199 49 0 0 0 8 0 10,724 12,808 4,887 28,419 0 28,419 28,427 272 156 2,010 + 1,745 33,377

 750 280 97 0 0 0 8 0 11,249 13,435 5,127 29,811 0 29,811 29,819 528 124 5,183 - 48 36,733

 802 317 93 15 0 0 9 0 12,755 15,234 5,813 33,802 0 33,802 33,827 858 201 2,237 + 715 39,051

 1,064 405 88 130 0 0 17 0 22,921 27,376 10,447 60,744 0 60,744 60,891 534 105 3,320 - 4,591 61,816

 359 135 40 97 0 0 5 0 7,279 8,694 3,318 19,291 0 19,291 19,394 321 33 1,015 - 754 20,543

 158 58 27 160 0 0 1 0 807 963 368 2,138 0 2,138 2,298 509 127 679 - 779 3,078

 340 126 55 87 0 0 5 0 6,386 7,627 2,910 16,923 0 16,923 17,015 513 50 991 - 1,403 17,686

 514 187 67 25 0 0 4 0 5,670 6,772 2,584 15,025 0 15,025 15,054 487 145 1,229 - 4,378 13,305

 1,162 448 66 50 0 0 15 0 20,885 24,944 9,519 55,348 0 55,348 55,413 2,383 165 3,384 - 3,569 59,453
f Each Federal Reserve Bank on July 26, 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.

 540,188 0 16,752 5,134 94 221 22,201 7,646 4,888 574,923 6,880 2,679 988 585,471 770,457 230,269 540,188 11,046 4,200 17 524,925 540,188

 31,368 0 1,471 0 1 2 1,474 631 264 33,737 288 120 32 34,177 38,476 7,108 31,368

 229,136 0 3,935 5,134 71 135 9,275 926 1,529 240,866 1,499 552 424 243,342 309,501 80,365 229,136

 21,654 0 351 0 1 1 352 374 197 22,578 212 83 37 22,910 31,602 9,947 21,654

 30,745 0 1,400 0 2 4 1,406 293 254 32,698 454 185 41 33,377 37,710 6,965 30,745

 31,943 0 1,496 0 8 68 1,572 496 309 34,320 1,677 705 32 36,733 50,535 18,592 31,943

 36,268 0 953 0 2 0 955 751 332 38,306 489 192 64 39,051 60,236 23,968 36,268

 57,472 0 2,346 0 3 7 2,355 541 503 60,872 606 241 97 61,816 71,079 13,606 57,472

 18,997 0 878 0 1 1 879 232 187 20,295 161 66 22 20,543 24,217 5,219 18,997

 1,337 0 713 0 1 0 714 489 66 2,606 335 98 39 3,078 10,135 8,798 1,337

 16,216 0 663 0 1 2 665 359 172 17,412 181 75 19 17,686 22,306 6,090 16,216

 11,111 0 963 0 1 1 964 264 612 12,952 231 88 34 13,305 33,808 22,697 11,111

 53,939 0 1,584 0 3 1 1,588 2,291 463 58,281 749 275 149 59,453 80,852 26,913 53,939