Reserve Bank Credit 557,301 + 25 + 34,779 560,360

U.S. government securities (1)

Bought outright-system account (2,3) 507,528 + 1,102 + 22,844 507,396

Held under repurchase agreements 0 0 - 1,851 0

Federal agency obligations (1)

Bought outright 140 0 - 123 140

Held under repurchase agreements 0 0 - 2,988 0

Repurchase agreements — triparty (4) 15,541 - 1,419 + 15,541 18,110

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 27 - 212 + 3 79

Seasonal credit 352 + 27 + 241 378

Extended credit 0 0 0 0

Float 638 - 47 - 57 1,021

Other F.R. assets 33,074 + 573 + 1,168 33,235

Gold stock 11,048 0 + 1 11,048

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

Treasury currency outstanding 28,913 + 14 + 1,974 28,913

Total factors supplying reserve funds 602,461 + 39 + 33,754 605,520

Currency in circulation* 567,539 - 986 + 39,287 568,214

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

Treasury cash holdings* 81 - 51 - 28 68

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

Treasury 5,232 + 576 - 217 5,024

Foreign 82 - 1 - 165 107

Service-related balances and adjustments (5) 6,661 - 430 - 66 6,661

Other 237 - 23 - 8 247

Other F.R. liabilities and capital 15,636 - 40 - 2,020 15,339

Total factors, other than reserve balances,

absorbing reserve funds 595,468 - 955 + 36,783 595,659

Reserve balances with F.R. Banks (6) 6,994 + 995 - 3,028 9,861

FEDERAL RESERVE

 June 15, 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 14, 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 $ 700,943 million, a change of $ + 4,289 million for the week. The total includes

$ 612,448 million of U.S. government securities and $ 88,495 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 $ 16,215 million (daily average over statement week) and $ 16,347 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 16,215 million (daily average) and $ 16,347 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 885 million (daily average)

and $ 1,718 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 $ 6,393 million and adjustments of $ 268 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 14, 2000 Week ended

Jun 14, 2000 Jun 7, 2000 Jun 16, 1999
ASSETS

Gold certificate account 11,048 0 + 1

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

Coin 661 + 25 + 319

Loans 456 + 111 + 321

Acceptances 0 0 0

Repurchase agreements — triparty (1) 18,110 + 490 + 18,110

Federal agency obligations (2)

Bought outright 140 0 - 123

Held under repurchase agreements 0 0 - 1,457

U.S. government securities (2)

Bought outright—Bills 198,373 + 858 + 284

Notes (3) 223,633 0 + 14,790

Bonds (4) 85,390 + 599 + 7,510

Total bought outright (5) 507,396 + 1,457 + 22,584

Held under repurchase agreements 0 0 - 1,430

Total U.S. government securities 507,396 + 1,457 + 21,154

Total loans and securities 526,103 + 2,059 + 38,007

Items in process of collection (932) 8,577 - 198 + 952

Bank premises 1,402 + 1 + 86

Other assets (6) 31,874 + 529 + 1,083

 TOTAL ASSETS ( 9 3 2 ) 584,865 + 2,416 + 37,447

LIABILITIES

Federal Reserve notes 540,030 - 775 + 37,517

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 16,623 + 3,627 + 1,705

U.S. Treasury—general account 5,024 - 7 + 315

Foreign—official accounts 107 + 21 - 88

Other ( 0 ) 247 + 3 - 4

Total deposits ( 0 ) 22,001 + 3,644 + 1,928

Deferred availability cash items (932) 7,495 - 531 + 30

Other liabilities and accrued dividends (7) 4,844 - 43 + 572

TOTAL LIABILITIES ( 9 3 2 ) 574,370 + 2,294 + 40,048

CAPITAL ACCOUNTS

Capital paid in 6,856 + 67 + 570

Surplus 2,679 0 - 3,273

Other capital accounts 960 + 55 + 102

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 16, 1999

Eliminations from

Consolidation Wednesday

Jun 14, 2000

Wednesday

 Jun 7, 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 $ 256 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 $ 16,347 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,718 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 14, 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 180 14,928 - 3,899 0 0 10,380 0

16 days to 90 days 276 108,103 + 4,907 10 + 10 7,730 0

91 days to 1 year 0 137,304 - 150 0 - 10 ——— ———

 Over 1 year to 5 years ——— 125,525 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,437 + 1 120 0 ——— ———

Over 10 years ——— 68,100 + 600 0 0 ——— ———

Total 456 507,396 + 1,457 140 0 18,110 0
 535

 271 23 2 0 0 8 0 11,388 12,838 4,902 29,129 0 29,129 29,139 590 94 1,507 + 1,975 34,133

f Each Federal Reserve Bank on June 14, 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 $ 256 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

ale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,718 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,048 5,200 661 456 0 18,110 140 0 198,373 223,633 85,390 507,396 0 507,396 526,103 9,509 1,402 31,874 0 585,797

 4,430 2,065 49 0 0 18,110 54 0 76,572 86,323 32,961 195,856 0 195,856 214,020 1,041 164 10,598 +10,031 242,398

 414 196 37 0 0 0 6 0 8,262 9,314 3,557 21,133 0 21,133 21,139 478 50 1,144 - 457 23,001

 520 246 44 0 0 0 8 0 11,101 12,515 4,779 28,394 0 28,394 28,402 366 157 1,894 + 1,999 33,628

 750 346 82 56 0 0 8 0 11,645 13,128 5,013 29,785 0 29,785 29,850 498 124 4,977 - 144 36,483

 802 393 81 9 0 0 9 0 13,204 14,886 5,684 33,774 0 33,774 33,792 833 190 2,090 + 182 38,362

 1,064 502 95 104 0 0 17 0 23,728 26,750 10,214 60,692 0 60,692 60,813 934 105 3,053 - 3,605 62,961

 359 167 38 53 0 0 5 0 7,536 8,495 3,244 19,275 0 19,275 19,333 371 33 928 - 626 20,602

 158 72 32 101 0 0 1 0 835 941 359 2,136 0 2,136 2,238 629 127 657 - 703 3,210

 340 156 58 54 0 0 5 0 6,611 7,452 2,846 16,909 0 16,909 16,968 621 50 916 - 1,217 17,892

 514 232 60 45 0 0 4 0 5,869 6,617 2,526 15,013 0 15,013 15,062 260 144 975 - 4,661 12,585

 1,162 554 64 32 0 0 15 0 21,621 24,374 9,307 55,301 0 55,301 55,348 2,888 165 3,135 - 2,774 60,541
f Each Federal Reserve Bank on June 14, 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.

 540,030 0 16,623 5,024 107 247 22,001 8,427 4,844 575,302 6,856 2,679 960 585,797 775,873 235,843 540,030 11,048 5,200 0 523,783 540,030

 31,354 0 1,497 0 1 0 1,498 555 281 33,689 291 120 34 34,133 39,234 7,880 31,354

 228,146 0 3,890 5,024 83 141 9,138 981 1,652 239,918 1,499 552 428 242,398 312,169 84,022 228,146

 21,562 0 525 0 1 0 526 375 214 22,677 208 83 33 23,001 31,038 9,475 21,562

 31,120 0 1,197 0 2 8 1,207 347 282 32,956 450 185 36 33,628 38,353 7,233 31,120

 31,364 0 1,655 0 8 91 1,755 588 353 34,060 1,678 705 41 36,483 50,117 18,752 31,364

 35,299 0 1,095 0 2 0 1,098 864 363 37,624 485 192 62 38,362 59,221 23,921 35,299

 58,887 0 1,902 0 3 1 1,906 670 549 62,011 610 241 99 62,961 72,712 13,825 58,887

 19,145 0 718 0 1 0 719 285 200 20,350 162 66 25 20,602 24,502 5,356 19,145

 1,413 0 733 0 1 0 734 531 80 2,758 335 98 19 3,210 10,336 8,923 1,413

 16,436 0 575 0 1 2 578 411 190 17,615 181 75 21 17,892 22,661 6,225 16,436

 10,760 0 983 0 1 1 985 327 176 12,247 222 88 28 12,585 34,022 23,262 10,760

 54,543 0 1,853 0 3 1 1,856 2,493 506 59,398 735 275 133 60,541 81,508 26,965 54,543