Reserve Bank Credit 578,291 + 5,403 - 16,133 579,279

U.S. government securities (1)

Bought outright-system account (2,3) 514,737 + 1,022 + 20,140 514,539

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 130 0 - 51 130

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 25,021 + 2,400 - 39,394 25,710

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 295 + 291 + 212 5

Seasonal credit 121 - 3 + 41 120

Extended credit 0 0 0 0

Float 2,984 + 1,269 + 2,369 3,550

Other F.R. assets 35,002 + 423 + 573 35,225

Gold stock 11,046 0 - 3 11,046

Special drawing rights certificate account 2,343 - 857 - 3,857 2,200

Treasury currency outstanding 31,191 + 14 + 3,248 31,191

Total factors supplying reserve funds 622,871 + 4,560 - 16,744 623,716

Currency in circulation* 582,853 + 2,984 - 19,699 586,617

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

Treasury cash holdings* 404 0 + 295 410

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

Treasury 8,105 + 2,723 + 1,899 4,781

Foreign 160 + 85 + 102 227

Service-related balances and adjustments (5) 6,696 - 284 - 1,073 6,696

Other 222 - 22 + 9 211

Other F.R. liabilities and capital 18,581 + 74 - 82 18,140

Total factors, other than reserve balances,

absorbing reserve funds 617,022 + 5,560 - 18,549 617,081

Reserve balances with F.R. Banks (6) 5,849 - 1,000 + 1,804 6,634

FEDERAL RESERVE

 December 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 December 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 $ 687,610 million, a change of $ + 2,057 million for the week. The total includes

$ 585,636 million of U.S. government securities and $ 101,974 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 $ 16,785 million (daily average over statement week) and $ 17,065 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,785 million (daily average) and $ 17,065 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,218 million (daily average)

and $ 875 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 525 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 $ 6,360 million and adjustments of $ 336 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

Dec 20, 2000 Week ended

Dec 20, 2000 Dec 13, 2000 Dec 22, 1999
ASSETS

Gold certificate account 11,046 0 - 2

Special drawing rights certificate account 2,200 - 1,000 - 4,000

Coin 954 + 6 + 716

Loans 125 - 8 - 93

Acceptances 0 0 0

Repurchase agreements — triparty (1) 25,710 - 1,550 - 47,375

Federal agency obligations (2)

Bought outright 130 0 - 51

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 182,627 - 579 - 11,207

Notes (3) 239,129 + 2 + 21,549

Bonds (4) 92,783 0 + 9,806

Total bought outright (5) 514,539 - 576 + 20,148

Held under repurchase agreements 0 0 0

Total U.S. government securities 514,539 - 576 + 20,148

Total loans and securities 540,504 - 2,135 - 27,372

Items in process of collection ( 8 5 9 ) 12,334 + 286 + 3,438

Bank premises 1,452 + 10 + 96

Other assets (6) 33,720 + 389 + 377

 TOTAL ASSETS ( 8 5 9 ) 602,210 - 2,444 - 26,747

LIABILITIES

Federal Reserve notes 556,790 + 4,373 - 27,448

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 13,866 - 6,951 + 539

U.S. Treasury—general account 4,781 - 166 + 40

Foreign—official accounts 227 + 155 + 139

Other ( 0 ) 211 - 37 + 1

Total deposits ( 0 ) 19,084 - 7,000 + 718

Deferred availability cash items (859) 8,197 + 445 + 217

Other liabilities and accrued dividends (7) 4,375 - 247 - 230

TOTAL LIABILITIES ( 8 5 9 ) 588,446 - 2,430 - 26,744

CAPITAL ACCOUNTS

Capital paid in 7,022 - 81 + 597

Surplus 2,679 0 - 3,273

Other capital accounts 4,063 + 68 + 2,673

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Dec 22, 1999

Eliminations from

Consolidation Wednesday

Dec 20, 2000

Wednesday

Dec 13, 2000

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

2 Face value of the securities.

3 Includes $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 422 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 $ 103 million of compensation

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

5 Net of $ 17,065 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 875 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, December 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 $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 525 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 119 18,935 + 5,647 0 0 17,760 0

16 days to 90 days 6 111,849 - 6,268 0 0 7,950 0

91 days to 1 year 0 125,654 + 42 0 0 ——— ———

 Over 1 year to 5 years ——— 131,746 0 130 0 ——— ———

 Over 5 years to 10 years ——— 55,459 + 2 0 0 ——— ———

Over 10 years ——— 70,895 0 0 0 ——— ———

Total 125 514,539 - 576 130 0 25,710 0
 535

 115 46 3 0 0 7 0 10,484 13,728 5,327 29,539 0 29,539 29,549 587 94 1,597 + 1,365 33,888

Each Federal Reserve Bank on December 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 $ 422 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 103 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 $ 875 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 2,200 954 125 0 25,710 130 0 182,627 239,129 92,783 514,539 0 514,539 540,504 13,193 1,452 33,720 0 603,069

 4,428 874 78 0 0 25,710 50 0 70,494 92,304 35,815 198,613 0 198,613 224,373 1,750 166 11,445 + 9,081 252,196

 414 83 54 0 0 0 5 0 7,606 9,960 3,864 21,431 0 21,431 21,437 645 50 1,215 + 260 24,158

 520 104 63 0 0 0 7 0 10,220 13,382 5,192 28,794 0 28,794 28,801 390 155 1,964 + 2,053 34,051

 750 147 119 0 0 0 8 0 10,721 14,037 5,447 30,205 0 30,205 30,212 1,083 126 5,095 + 2,611 40,143

 802 166 82 6 0 0 9 0 12,156 15,917 6,176 34,249 0 34,249 34,264 1,931 243 2,191 + 2,069 41,747

 1,064 212 111 41 0 0 16 0 21,845 28,603 11,098 61,547 0 61,547 61,603 1,199 104 3,246 - 2,531 65,008

 359 71 53 16 0 0 5 0 6,937 9,084 3,525 19,546 0 19,546 19,567 905 34 993 - 1,547 20,435

 158 30 34 14 0 0 1 0 769 1,007 391 2,166 0 2,166 2,180 732 126 665 - 890 3,034

 340 66 69 35 0 0 4 0 6,086 7,969 3,092 17,147 0 17,147 17,186 827 49 974 - 1,403 18,108

 514 98 91 7 0 0 4 0 5,403 7,075 2,745 15,224 0 15,224 15,235 533 138 1,026 - 6,827 10,809

 1,162 234 154 2 0 0 14 0 19,904 26,062 10,112 56,079 0 56,079 56,095 2,611 166 3,310 - 4,240 59,492
Each Federal Reserve Bank on December 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.

 556,790 0 13,866 4,781 227 211 19,084 9,056 4,375 589,305 7,022 2,679 4,063 603,069 753,551 196,761 556,790 11,046 2,200 3,165 540,379 556,790

 31,631 0 735 0 1 2 738 510 259 33,138 358 120 271 33,888 36,958 5,327 31,631

 239,254 0 1,886 4,781 203 133 7,003 1,162 1,484 248,903 1,468 552 1,274 252,196 301,527 62,273 239,254

 22,478 0 420 0 1 3 425 579 194 23,676 228 83 171 24,158 31,733 9,255 22,478

 31,011 0 1,299 0 2 1 1,302 469 250 33,032 499 185 335 34,051 36,467 5,457 31,011

 33,497 0 2,873 0 8 56 2,937 735 327 37,495 1,678 705 265 40,143 50,966 17,469 33,497

 38,492 0 1,020 0 2 1 1,023 871 337 40,723 495 192 337 41,747 60,713 22,221 38,492

 60,591 0 1,786 0 3 2 1,791 797 495 63,672 632 241 463 65,008 70,965 10,375 60,591

 19,237 0 455 0 1 1 458 261 178 20,134 138 66 97 20,435 23,254 4,017 19,237

 1,510 0 458 0 1 1 460 497 75 2,541 368 98 27 3,034 9,620 8,111 1,510

 16,472 0 650 0 1 5 655 434 170 17,731 178 75 124 18,108 21,672 5,200 16,472

 9,352 0 625 0 1 1 627 280 156 10,415 188 88 118 10,809 32,451 23,099 9,352

 53,265 0 1,659 0 3 4 1,666 2,461 451 57,843 792 275 582 59,492 77,223 23,957 53,265