Reserve Bank Credit 558,319 - 2,198 + 34,945 557,904

U.S. government securities (1)

Bought outright-system account (2,3) 507,047 + 1,245 + 20,208 507,093

Held under repurchase agreements 0 0 - 1,607 0

Federal agency obligations (1)

Bought outright 140 0 - 114 140

Held under repurchase agreements 0 0 - 1,239 0

Repurchase agreements — triparty (4) 14,873 - 4,106 + 14,873 14,010

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 31 - 144 + 15 101

Seasonal credit 505 + 21 + 264 536

Extended credit 0 0 0 0

Float 604 + 236 + 352 734

Other F.R. assets 35,118 + 550 + 2,191 35,291

Gold stock 11,046 0 0 11,046

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

Treasury currency outstanding 29,316 + 14 + 2,224 29,316

Total factors supplying reserve funds 602,881 - 2,185 + 33,170 602,467

Currency in circulation* 569,652 - 2,920 + 36,594 569,557

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

Treasury cash holdings* 69 + 2 + 13 99

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

Treasury 5,333 + 352 + 277 5,922

Foreign 98 + 3 - 100 148

Service-related balances and adjustments (5) 6,592 - 294 - 623 6,592

Other 249 + 13 - 38 225

Other F.R. liabilities and capital 15,339 - 472 - 2,123 14,966

Total factors, other than reserve balances,

absorbing reserve funds 597,333 - 3,317 + 34,001 597,509

Reserve balances with F.R. Banks (6) 5,549 + 1,133 - 830 4,958

FEDERAL RESERVE

 July 20, 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 19, 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 $ 709,116 million, a change of $ + 9,586 million for the week. The total includes

$ 621,028 million of U.S. government securities and $ 88,088 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 $ 17,746 million (daily average over statement week) and $ 18,358 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,352 million (daily average) and $ 15,853 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 3,142 million (daily average)

and $ 3,385 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 $ 338 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 $ 6,356 million and adjustments of $ 236 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 19, 2000 Week ended

Jul 19, 2000 Jul 12, 2000 Jul 21, 1999
ASSETS

Gold certificate account 11,046 0 - 1

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

Coin 688 + 28 + 399

Loans 637 - 124 + 318

Acceptances 0 0 0

Repurchase agreements — triparty (1) 14,010 - 6,010 + 14,010

Federal agency obligations (2)

Bought outright 140 0 - 114

Held under repurchase agreements 0 0 - 1,170

U.S. government securities (2)

Bought outright—Bills 192,174 - 1,672 - 6,848

Notes (3) 227,613 + 1,231 + 17,842

Bonds (4) 87,305 + 790 + 9,421

Total bought outright (5) 507,093 + 350 + 20,416

Held under repurchase agreements 0 0 - 415

Total U.S. government securities 507,093 + 350 + 20,001

Total loans and securities 521,879 - 5,785 + 33,043

Items in process of collection (782) 8,004 + 4 + 969

Bank premises 1,413 + 2 + 91

Other assets (6) 33,878 + 421 + 2,056

 TOTAL ASSETS ( 7 8 2 ) 581,108 - 5,330 + 32,557

LIABILITIES

Federal Reserve notes 541,028 - 2,577 + 34,216

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 11,649 - 3,217 - 986

U.S. Treasury—general account 5,922 + 902 + 1,356

Foreign—official accounts 148 + 55 - 21

Other ( 0 ) 225 - 40 - 64

Total deposits ( 0 ) 17,945 - 2,299 + 285

Deferred availability cash items (782) 7,170 - 125 + 216

Other liabilities and accrued dividends (7) 4,433 - 325 + 405

TOTAL LIABILITIES ( 7 8 2 ) 570,575 - 5,328 + 35,121

CAPITAL ACCOUNTS

Capital paid in 6,877 + 7 + 584

Surplus 2,679 0 - 3,273

Other capital accounts 977 - 9 + 125

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 21, 1999

Eliminations from

Consolidation Wednesday

Jul 19, 2000

Wednesday

Jul 12, 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 $ 259 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 $ 18,358 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 3,385 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 19, 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 $ 338 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 610 20,814 + 7,009 0 0 10,015 0

16 days to 90 days 27 107,367 - 2,512 10 0 3,995 0

91 days to 1 year 0 129,393 - 6,169 0 0 ——— ———

 Over 1 year to 5 years ——— 126,927 + 1,521 10 0 ——— ———

 Over 5 years to 10 years ——— 53,439 0 120 0 ——— ———

Over 10 years ——— 69,153 + 500 0 0 ——— ———

Total 637 507,093 + 350 140 0 14,010 0
 535

 219 20 0 0 0 8 0 11,032 13,067 5,012 29,111 0 29,111 29,119 472 94 1,609 + 1,228 33,296

f Each Federal Reserve Bank on July 19, 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 $ 259 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

ale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,385 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 4,200 688 637 0 14,010 140 0 192,174 227,613 87,305 507,093 0 507,093 521,879 8,786 1,413 33,878 0 581,891

 4,428 1,668 58 16 0 14,010 54 0 74,179 87,859 33,700 195,739 0 195,739 209,819 1,199 164 11,298 +13,491 242,124

 414 158 50 0 0 0 6 0 8,004 9,480 3,636 21,121 0 21,121 21,126 354 50 1,218 - 473 22,897

 520 199 45 0 0 0 8 0 10,754 12,737 4,886 28,377 0 28,377 28,385 356 157 1,985 + 1,100 32,746

 750 280 90 1 0 0 8 0 11,281 13,361 5,125 29,768 0 29,768 29,776 647 124 5,160 - 8 36,819

 802 317 90 92 0 0 9 0 12,792 15,151 5,811 33,753 0 33,753 33,855 618 201 2,208 + 1,386 39,477

 1,064 405 85 129 0 0 17 0 22,987 27,226 10,443 60,656 0 60,656 60,802 577 105 3,270 - 5,291 61,017

 359 135 39 95 0 0 5 0 7,300 8,646 3,316 19,263 0 19,263 19,363 356 33 1,009 - 1,141 20,153

 158 58 26 156 0 0 1 0 809 958 368 2,135 0 2,135 2,291 780 127 676 - 989 3,127

 340 126 55 77 0 0 5 0 6,404 7,585 2,909 16,899 0 16,899 16,980 628 50 976 - 1,482 17,673

 514 187 63 18 0 0 4 0 5,686 6,735 2,583 15,004 0 15,004 15,026 492 145 1,133 - 5,015 12,544

 1,162 448 66 54 0 0 15 0 20,945 24,807 9,515 55,268 0 55,268 55,337 2,307 165 3,337 - 2,806 60,016
f Each Federal Reserve Bank on July 19, 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.

 541,028 0 11,649 5,922 148 225 17,945 7,953 4,433 571,357 6,877 2,679 977 581,891 771,075 230,047 541,028 11,046 4,200 4,539 521,243 541,028

 31,324 0 673 0 1 2 676 592 263 32,856 288 120 32 33,296 38,469 7,144 31,324

 228,921 0 2,062 5,922 124 139 8,248 961 1,524 239,654 1,499 552 418 242,124 309,614 80,693 228,921

 21,734 0 315 0 1 0 316 314 200 22,564 212 83 38 22,897 31,613 9,879 21,734

 30,826 0 648 0 2 4 654 336 252 32,068 453 185 40 32,746 37,673 6,847 30,826

 31,956 0 1,466 0 8 68 1,542 617 299 34,415 1,677 705 23 36,819 50,360 18,403 31,956

 36,451 0 1,067 0 2 1 1,070 881 330 38,731 488 192 66 39,477 60,371 23,919 36,451

 57,567 0 1,397 0 3 7 1,407 593 506 60,073 606 241 97 61,017 71,193 13,626 57,567

 18,998 0 423 0 1 0 424 294 185 19,901 161 66 26 20,153 24,210 5,212 18,998

 1,368 0 657 0 1 0 658 564 66 2,657 335 98 38 3,127 10,168 8,801 1,368

 16,312 0 569 0 1 2 572 345 171 17,399 179 75 20 17,673 22,365 6,054 16,312

 11,145 0 620 0 1 1 621 250 181 12,198 231 88 28 12,544 33,897 22,752 11,145

 54,425 0 1,754 0 3 0 1,757 2,205 455 58,843 749 275 150 60,016 81,142 26,716 54,425