Reserve Bank Credit 564,005 + 4,347 + 50,972 583,530

U.S. government securities (1)

Bought outright-system account (2,3) 507,391 - 47 + 35,694 507,776

Held under repurchase agreements 0 0 - 3,904 0

Federal agency obligations (1)

Bought outright 140 0 - 171 140

Held under repurchase agreements 0 0 - 2,371 0

Repurchase agreements — triparty (4) 20,477 + 3,853 + 20,477 39,780

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 81 + 26 - 235 123

Seasonal credit 133 + 30 + 82 162

Extended credit 0 0 0 0

Float 610 + 372 - 295 203

Other F.R. assets 35,174 + 115 + 1,696 35,346

Gold stock 11,048 0 - 1 11,048

Special drawing rights certificate account 5,200 - 571 - 3,000 5,200

Treasury currency outstanding 28,450 + 14 + 1,717 28,450

Total factors supplying reserve funds 608,703 + 3,789 + 49,687 628,228

Currency in circulation* 563,674 - 530 + 44,346 564,659

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

Treasury cash holdings* 201 + 3 + 53 203

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

Treasury 12,417 + 5,639 + 5,235 29,444

Foreign 90 - 1 - 92 79

Service-related balances and adjustments (5) 6,803 + 17 - 12 6,803

Other 297 + 23 + 56 276

Other F.R. liabilities and capital 19,241 - 28 + 1,937 18,906

Total factors, other than reserve balances,

absorbing reserve funds 602,722 + 5,123 + 51,522 620,369

Reserve balances with F.R. Banks (6) 5,981 - 1,334 - 1,834 7,859

FEDERAL RESERVE

 April 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 April 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 $ 713,084 million, a change of $ - 1,699 million for the week. The total includes

$ 625,588 million of U.S. government securities and $ 87,496 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 $ 17,186 million (daily average over statement week) and $ 16,804 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,186 million (daily average) and $ 16,804 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 205 million (daily average)

and $ 1,327 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 $ 276 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 $ 6,536 million and adjustments of $ 267 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 26, 2000 Week ended

Apr 26, 2000 Apr 19, 2000 Apr 28, 1999
ASSETS

Gold certificate account 11,048 0 0

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

Coin 538 + 7 + 122

Loans 285 + 80 + 219

Acceptances 0 0 0

Repurchase agreements — triparty (1) 39,780 + 16,005 + 39,780

Federal agency obligations (2)

Bought outright 140 0 - 171

Held under repurchase agreements 0 0 - 3,015

U.S. government securities (2)

Bought outright—Bills 200,991 - 261 + 1,816

Notes (3) 221,023 + 6 + 21,302

Bonds (4) 85,762 + 2 + 11,032

Total bought outright (5) 507,776 - 253 + 34,149

Held under repurchase agreements 0 0 - 6,730

Total U.S. government securities 507,776 - 253 + 27,419

Total loans and securities 547,981 + 15,832 + 64,233

Items in process of collection (870) 7,878 - 1,205 - 376

Bank premises 1,388 - 2 + 77

Other assets (6) 34,106 + 355 + 1,347

 TOTAL ASSETS ( 8 7 0 ) 608,139 + 14,987 + 62,403

LIABILITIES

Federal Reserve notes 536,950 - 286 + 42,344

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 15,045 - 7,218 - 2,397

U.S. Treasury—general account 29,444 + 23,772 + 20,899

Foreign—official accounts 79 - 58 - 89

Other ( 0 ) 276 0 + 39

Total deposits ( 0 ) 44,844 + 16,496 + 18,452

Deferred availability cash items (870) 7,439 - 1,168 - 243

Other liabilities and accrued dividends (7) 4,826 - 27 + 596

TOTAL LIABILITIES ( 8 7 0 ) 594,059 + 15,015 + 61,148

CAPITAL ACCOUNTS

Capital paid in 6,751 + 4 + 571

Surplus 6,431 0 + 479

Other capital accounts 898 - 31 + 205

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Apr 28, 1999

Eliminations from

Consolidation Wednesday

Apr 26, 2000

Wednesday

Apr 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 $ 214 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 $ 62 million of compensation

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

5 Net of $ 16,804 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,327 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 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 $ 276 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 262 19,475 + 2,227 0 0 35,770 0

16 days to 90 days 23 107,551 + 1,970 0 0 4,010 0

91 days to 1 year 0 135,334 - 4,458 10 0 ——— ———

 Over 1 year to 5 years ——— 124,897 + 1 10 0 ——— ———

 Over 5 years to 10 years ——— 52,385 + 5 120 0 ——— ———

Over 10 years ——— 68,135 + 3 0 0 ——— ———

Total 285 507,776 - 253 140 0 39,780 0
 535

 271 18 9 0 0 8 0 11,539 12,689 4,923 29,151 0 29,151 29,167 423 94 1,627 + 1,424 33,560

f Each Federal Reserve Bank on April 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 $ 214 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 62 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 $ 1,327 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 538 285 0 39,780 140 0 200,991 221,023 85,762 507,776 0 507,776 547,981 8,748 1,388 34,106 0 609,009

 4,430 2,065 31 0 0 39,780 54 0 77,583 85,315 33,104 196,003 0 196,003 235,837 967 164 11,397 + 8,522 263,413

 414 196 17 0 0 0 6 0 8,371 9,206 3,572 21,149 0 21,149 21,155 441 50 1,165 - 992 22,446

 520 246 29 0 0 0 8 0 11,248 12,369 4,799 28,416 0 28,416 28,424 354 157 2,029 + 1,657 33,416

 750 346 67 1 0 0 8 0 11,799 12,975 5,034 29,808 0 29,808 29,817 700 124 5,230 - 1,198 35,837

 802 393 62 42 0 0 9 0 13,378 14,712 5,709 33,799 0 33,799 33,850 822 174 2,241 + 1,633 39,978

 1,064 502 70 64 0 0 17 0 24,041 26,438 10,258 60,738 0 60,738 60,818 578 106 3,304 - 2,490 63,953

 359 167 31 74 0 0 5 0 7,635 8,396 3,258 19,289 0 19,289 19,368 319 33 1,020 - 856 20,442

 158 72 34 28 0 0 1 0 846 930 361 2,138 0 2,138 2,166 495 127 687 - 840 2,900

 340 156 49 32 0 0 5 0 6,698 7,365 2,858 16,921 0 16,921 16,958 423 50 986 - 1,026 17,936

 514 232 60 7 0 0 4 0 5,947 6,540 2,538 15,024 0 15,024 15,035 588 145 1,042 - 4,119 13,496

 1,162 554 68 29 0 0 15 0 21,906 24,089 9,347 55,342 0 55,342 55,386 2,637 165 3,378 - 1,716 61,634
f Each Federal Reserve Bank on April 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.

 536,950 0 15,045 29,444 79 276 44,844 8,309 4,826 594,929 6,751 6,431 898 609,009 783,981 247,031 536,950 11,048 5,200 0 520,702 536,950

 31,201 0 1,029 0 1 0 1,030 438 280 32,949 290 289 33 33,560 40,097 8,896 31,201

 224,659 0 3,300 29,444 55 145 32,943 923 1,659 260,185 1,492 1,325 410 263,413 313,143 88,485 224,659

 21,083 0 338 0 1 1 340 382 214 22,019 202 199 25 22,446 30,600 9,517 21,083

 30,769 0 1,090 0 2 9 1,100 350 280 32,500 444 444 28 33,416 38,941 8,172 30,769

 30,378 0 1,047 0 8 112 1,167 547 353 32,445 1,675 1,691 25 35,837 50,878 20,500 30,378

 36,081 0 1,713 0 2 1 1,716 824 357 38,979 482 460 56 39,978 60,312 24,230 36,081

 59,563 0 1,987 0 3 1 1,990 551 550 62,654 616 578 104 63,953 73,887 14,323 59,563

 19,263 0 329 0 1 1 331 309 199 20,102 160 158 22 20,442 24,933 5,670 19,263

 1,461 0 346 0 1 0 347 477 72 2,357 271 235 37 2,900 10,562 9,101 1,461

 16,294 0 660 0 1 4 665 416 185 17,560 181 179 16 17,936 23,054 6,760 16,294

 10,773 0 1,547 0 1 2 1,549 553 173 13,049 217 211 20 13,496 34,722 23,949 10,773

 55,425 0 1,660 0 3 1 1,664 2,539 503 60,130 722 660 121 61,634 82,852 27,427 55,425