Reserve Bank Credit 558,964 + 1,654 + 39,803 566,228

U.S. government securities (1)

Bought outright-system account (2,3) 508,074 + 546 + 22,776 508,531

Held under repurchase agreements 0 0 - 44 0

Federal agency obligations (1)

Bought outright 140 0 - 123 140

Held under repurchase agreements 0 0 - 837 0

Repurchase agreements — triparty (4) 15,563 + 22 + 15,563 20,970

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 46 + 19 + 20 129

Seasonal credit 395 + 43 + 253 454

Extended credit 0 0 0 0

Float 1,186 + 538 + 836 2,220

Other F.R. assets 33,561 + 487 + 1,359 33,783

Gold stock 11,048 0 + 1 11,048

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

Treasury currency outstanding 29,446 + 14 + 2,475 29,446

Total factors supplying reserve funds 603,658 + 668 + 38,278 610,921

Currency in circulation* 567,316 - 742 + 39,370 567,990

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

Treasury cash holdings* 68 - 13 - 21 68

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

Treasury 7,943 + 2,711 + 920 13,668

Foreign 83 + 1 - 128 86

Service-related balances and adjustments (5) 6,918 + 257 - 104 6,918

Other 251 + 14 + 39 238

Other F.R. liabilities and capital 15,571 - 65 - 1,998 15,254

Total factors, other than reserve balances,

absorbing reserve funds 598,150 + 2,163 + 38,078 604,220

Reserve balances with F.R. Banks (6) 5,508 - 1,495 + 200 6,701

FEDERAL RESERVE

 June 22, 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 21, 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 $ 703,684 million, a change of $ + 2,741 million for the week. The total includes

$ 615,607 million of U.S. government securities and $ 88,077 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 $ 16,373 million (daily average over statement week) and $ 16,820 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,373 million (daily average) and $ 16,820 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,533 million (daily average)

and $ 900 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 $ 334 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 $ 6,381 million and adjustments of $ 537 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 21, 2000 Week ended

Jun 21, 2000 Jun 14, 2000 Jun 23, 1999
ASSETS

Gold certificate account 11,048 0 + 2

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

Coin 674 + 13 + 337

Loans 583 + 127 + 289

Acceptances 0 0 0

Repurchase agreements — triparty (1) 20,970 + 2,860 + 20,970

Federal agency obligations (2)

Bought outright 140 0 - 123

Held under repurchase agreements 0 0 - 1,107

U.S. government securities (2)

Bought outright—Bills 197,899 - 474 - 613

Notes (3) 224,689 + 1,056 + 15,840

Bonds (4) 85,943 + 553 + 8,061

Total bought outright (5) 508,531 + 1,135 + 23,288

Held under repurchase agreements 0 0 - 50

Total U.S. government securities 508,531 + 1,135 + 23,238

Total loans and securities 530,224 + 4,121 + 43,267

Items in process of collection (1,028) 9,812 + 1,235 + 2,900

Bank premises 1,403 + 1 + 83

Other assets (6) 32,427 + 553 + 1,348

 TOTAL ASSETS (1,028) 589,788 + 4,923 + 43,938

LIABILITIES

Federal Reserve notes 539,285 - 745 + 36,828

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 13,583 - 3,040 + 1,559

U.S. Treasury—general account 13,668 + 8,644 + 6,783

Foreign—official accounts 86 - 21 - 88

Other ( - 1 ) 238 - 9 + 39

Total deposits ( - 1 ) 27,573 + 5,572 + 8,291

Deferred availability cash items (1,029) 7,676 + 181 + 858

Other liabilities and accrued dividends (7) 4,767 - 77 + 565

TOTAL LIABILITIES (1,028) 579,301 + 4,931 + 46,542

CAPITAL ACCOUNTS

Capital paid in 6,863 + 7 + 572

Surplus 2,679 0 - 3,273

Other capital accounts 945 - 15 + 96

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 23, 1999

Eliminations from

Consolidation Wednesday

Jun 21, 2000

Wednesday

Jun 14, 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 $ 257 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 $ 16,820 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 900 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 21, 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 $ 334 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 560 18,944 + 4,016 0 0 12,990 0

16 days to 90 days 23 108,420 + 317 10 0 7,980 0

91 days to 1 year 0 133,553 - 3,751 0 0 ——— ———

 Over 1 year to 5 years ——— 125,526 + 1 10 0 ——— ———

 Over 5 years to 10 years ——— 53,437 0 120 0 ——— ———

Over 10 years ——— 68,652 + 552 0 0 ——— ———

Total 583 508,531 + 1,135 140 0 20,970 0
 535

 219 24 5 0 0 8 0 11,361 12,899 4,934 29,194 0 29,194 29,207 698 94 1,534 + 1,233 33,544

f Each Federal Reserve Bank on June 21, 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 $ 257 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

sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 900 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 4,200 674 583 0 20,970 140 0 197,899 224,689 85,943 508,531 0 508,531 530,224 10,840 1,403 32,427 0 590,816

 4,430 1,668 52 0 0 20,970 54 0 76,390 86,730 33,174 196,294 0 196,294 217,318 1,176 164 10,799 +13,765 249,371

 414 158 39 0 0 0 6 0 8,243 9,358 3,580 21,181 0 21,181 21,187 429 50 1,161 - 440 22,998

 520 199 47 4 0 0 8 0 11,075 12,574 4,809 28,458 0 28,458 28,470 485 157 1,919 + 1,458 33,255

 750 280 80 23 0 0 8 0 11,617 13,190 5,045 29,852 0 29,852 29,883 750 124 5,004 - 125 36,746

 802 317 83 11 0 0 9 0 13,173 14,956 5,721 33,849 0 33,849 33,869 825 191 2,188 + 605 38,879

 1,064 405 99 127 0 0 17 0 23,672 26,876 10,280 60,828 0 60,828 60,971 1,907 105 3,113 - 5,362 62,301

 359 135 40 70 0 0 5 0 7,518 8,535 3,265 19,318 0 19,318 19,393 344 33 946 - 918 20,331

 158 58 31 117 0 0 1 0 833 946 362 2,141 0 2,141 2,258 616 127 657 - 1,045 2,861

 340 126 58 93 0 0 5 0 6,595 7,488 2,864 16,947 0 16,947 17,044 604 50 930 - 1,516 17,637

 514 187 58 86 0 0 4 0 5,855 6,648 2,543 15,046 0 15,046 15,137 541 144 990 - 5,276 12,295

 1,162 448 63 48 0 0 15 0 21,569 24,489 9,367 55,424 0 55,424 55,487 2,466 165 3,187 - 2,380 60,598
f Each Federal Reserve Bank on June 21, 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.

 539,285 0 13,583 13,668 86 237 27,573 8,704 4,767 580,329 6,863 2,679 945 590,816 774,853 235,568 539,285 11,048 4,200 0 524,037 539,285

 31,030 0 1,142 0 1 0 1,143 646 278 33,098 291 120 35 33,544 38,871 7,841 31,030

 227,541 0 2,787 13,668 62 136 16,653 1,074 1,632 246,899 1,499 552 421 249,371 311,170 83,629 227,541

 21,730 0 338 0 1 0 339 392 213 22,675 208 83 32 22,998 31,210 9,480 21,730

 30,821 0 1,130 0 2 9 1,142 340 275 32,577 455 185 38 33,255 38,030 7,209 30,821

 31,480 0 1,707 0 8 87 1,802 710 346 34,338 1,677 705 27 36,746 50,092 18,612 31,480

 36,010 0 914 0 2 1 917 858 356 38,142 485 192 61 38,879 59,977 23,967 36,010

 58,164 0 1,814 0 3 1 1,818 828 540 61,349 610 241 101 62,301 72,147 13,983 58,164

 19,029 0 577 0 1 0 578 273 201 20,081 161 66 24 20,331 24,417 5,388 19,029

 1,372 0 396 0 1 0 398 561 76 2,406 335 98 22 2,861 10,286 8,914 1,372

 16,338 0 430 0 1 1 433 407 181 17,359 181 75 22 17,637 22,528 6,190 16,338

 10,949 0 520 0 1 0 522 314 172 11,957 223 88 27 12,295 34,128 23,179 10,949

 54,820 0 1,826 0 3 1 1,830 2,301 497 59,449 738 275 136 60,598 81,998 27,178 54,820