Reserve Bank Credit 558,836 + 535 + 31,324 556,888

U.S. government securities (1)

Bought outright-system account (2,3) 506,448 + 155 + 20,893 507,522

Held under repurchase agreements 0 0 - 2,733 0

Federal agency obligations (1)

Bought outright 140 0 - 109 140

Held under repurchase agreements 0 0 - 3,630 0

Repurchase agreements — triparty (4) 14,755 - 482 + 14,755 11,990

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 38 + 26 - 36 34

Seasonal credit 569 + 20 + 304 572

Extended credit 0 0 0 0

Float 1,340 + 856 + 581 1,403

Other F.R. assets 35,547 - 38 + 1,300 35,228

Gold stock 11,046 0 - 1 11,046

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

Treasury currency outstanding 29,797 + 14 + 2,646 29,797

Total factors supplying reserve funds 603,880 + 550 + 29,970 601,931

Currency in circulation* 568,410 + 14 + 33,915 569,834

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

Treasury cash holdings* 119 + 17 + 62 127

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

Treasury 5,106 + 473 + 1 4,714

Foreign 90 - 21 - 130 74

Service-related balances and adjustments (5) 6,553 - 284 - 457 6,553

Other 235 + 18 - 15 263

Other F.R. liabilities and capital 15,449 - 343 - 2,823 14,853

Total factors, other than reserve balances,

absorbing reserve funds 595,964 - 124 + 30,554 596,417

Reserve balances with F.R. Banks (6) 7,916 + 674 - 584 5,514

FEDERAL RESERVE

 August 3, 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 August 2, 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 $ 703,658 million, a change of $ + 13 million for the week. The total includes

$ 614,763 million of U.S. government securities and $ 88,894 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 $ 17,275 million (daily average over statement week) and $ 16,543 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 17,275 million (daily average) and $ 16,543 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 981 million (daily average)

and $ 1,137 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 $ 340 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 $ 6,259 million and adjustments of $ 294 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

 Aug 2, 2000 Week ended

 Aug 2, 2000 Jul 26, 2000 Aug 4, 1999
ASSETS

Gold certificate account 11,046 0 - 1

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

Coin 745 + 30 + 440

Loans 606 + 38 + 311

Acceptances 0 0 0

Repurchase agreements — triparty (1) 11,990 - 4,965 + 11,990

Federal agency obligations (2)

Bought outright 140 0 - 109

Held under repurchase agreements 0 0 - 4,800

U.S. government securities (2)

Bought outright—Bills 190,911 - 715 - 6,420

Notes (3) 228,724 - 145 + 18,953

Bonds (4) 87,887 + 552 + 10,003

Total bought outright (5) 507,522 - 308 + 22,535

Held under repurchase agreements 0 0 - 440

Total U.S. government securities 507,522 - 308 + 22,095

Total loans and securities 520,257 - 5,236 + 29,486

Items in process of collection (934) 9,468 + 2,078 + 166

Bank premises 1,418 + 5 + 91

Other assets (6) 33,808 - 574 + 929

 TOTAL ASSETS ( 9 3 4 ) 580,942 - 3,698 + 27,112

LIABILITIES

Federal Reserve notes 540,909 + 721 + 31,420

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 12,081 - 4,671 - 620

U.S. Treasury—general account 4,714 - 420 - 908

Foreign—official accounts 74 - 20 - 93

Other ( 0 ) 263 + 42 - 9

Total deposits ( 0 ) 17,132 - 5,069 - 1,631

Deferred availability cash items (934) 8,048 + 1,233 + 457

Other liabilities and accrued dividends (7) 4,786 - 102 + 567

TOTAL LIABILITIES ( 9 3 4 ) 570,874 - 3,218 + 30,811

CAPITAL ACCOUNTS

Capital paid in 6,882 + 2 + 582

Surplus 2,615 - 64 - 3,337

Other capital accounts 570 - 418 - 945

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Aug 4, 1999

Eliminations from

Consolidation Wednesday

 Aug 2, 2000

Wednesday

Jul 26, 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 $ 261 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 $ 79 million of compensation

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

5 Net of $ 16,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,137 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, August 2, 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 $ 340 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 143 17,865 - 844 0 0 8,020 0

16 days to 90 days 463 108,957 + 1,269 10 0 3,970 0

91 days to 1 year 0 132,226 + 313 0 0 ——— ———

 Over 1 year to 5 years ——— 125,108 - 1,819 10 0 ——— ———

 Over 5 years to 10 years ——— 54,042 + 602 120 0 ——— ———

Over 10 years ——— 69,323 + 170 0 0 ——— ———

Total 606 507,522 - 308 140 0 11,990 0
 535

 219 19 0 0 0 8 0 10,960 13,131 5,045 29,136 0 29,136 29,144 733 94 1,612 + 1,268 33,624

f Each Federal Reserve Bank on August 2, 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 $ 261 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 79 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 $ 1,137 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 4,200 745 606 0 11,990 140 0 190,911 228,724 87,887 507,522 0 507,522 520,257 10,402 1,418 33,808 0 581,876

 4,428 1,668 66 0 0 11,990 54 0 73,692 88,288 33,924 195,904 0 195,904 207,948 1,391 163 11,345 +14,795 241,805

 414 158 51 0 0 0 6 0 7,952 9,526 3,661 21,138 0 21,138 21,144 624 49 1,191 - 565 23,067

 520 199 50 0 0 0 8 0 10,684 12,800 4,918 28,401 0 28,401 28,409 425 156 1,976 + 1,206 32,941

 750 280 100 2 0 0 8 0 11,207 13,427 5,159 29,793 0 29,793 29,803 692 124 5,059 - 353 36,455

 802 317 98 18 0 0 9 0 12,708 15,224 5,850 33,782 0 33,782 33,809 998 208 2,202 + 516 38,949

 1,064 405 92 138 0 0 17 0 22,836 27,359 10,513 60,707 0 60,707 60,862 742 105 3,276 - 5,453 61,095

 359 135 44 98 0 0 5 0 7,252 8,689 3,339 19,279 0 19,279 19,382 377 33 1,003 - 1,101 20,232

 158 58 27 165 0 0 1 0 804 963 370 2,137 0 2,137 2,302 605 127 662 - 1,213 2,725

 340 126 53 90 0 0 5 0 6,362 7,622 2,929 16,913 0 16,913 17,008 741 49 977 - 1,354 17,940

 514 187 72 27 0 0 4 0 5,649 6,767 2,600 15,016 0 15,016 15,047 324 144 1,176 - 4,059 13,405

 1,162 448 74 67 0 0 15 0 20,807 24,928 9,579 55,314 0 55,314 55,397 2,751 165 3,328 - 3,686 59,639
f Each Federal Reserve Bank on August 2, 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.

 540,909 0 12,081 4,714 74 263 17,132 8,982 4,786 571,809 6,882 2,615 570 581,876 769,594 228,685 540,909 11,046 4,200 6,011 519,652 540,909

 31,497 0 724 0 1 1 726 720 261 33,204 288 120 12 33,624 38,433 6,936 31,497

 229,405 0 2,451 4,714 50 135 7,350 1,175 1,522 239,452 1,499 552 301 241,805 309,390 79,985 229,405

 21,618 0 622 0 1 0 623 314 198 22,752 212 83 19 23,067 31,593 9,975 21,618

 30,842 0 871 0 2 4 877 320 255 32,294 454 185 8 32,941 37,714 6,872 30,842

 32,094 0 938 0 8 102 1,047 688 299 34,129 1,678 641 7 36,455 50,766 18,672 32,094

 36,151 0 831 0 2 0 833 926 329 38,240 489 192 29 38,949 60,015 23,863 36,151

 57,580 0 1,415 0 3 7 1,425 691 504 60,200 607 241 47 61,095 70,978 13,398 57,580

 19,065 0 451 0 1 0 452 292 185 19,995 161 66 10 20,232 24,170 5,105 19,065

 1,328 0 300 0 1 0 301 575 66 2,270 335 98 22 2,725 10,097 8,769 1,328

 16,283 0 813 0 1 12 826 399 171 17,679 181 75 5 17,940 22,256 5,973 16,283

 11,155 0 996 0 1 1 998 377 543 13,073 231 88 14 13,405 33,700 22,545 11,155

 53,890 0 1,669 0 3 1 1,673 2,503 454 58,520 749 275 96 59,639 80,483 26,593 53,890