FEDERAL RESERVE 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 F.R. Banks March 15, 2001 Millions of dollars Averages of daily figures Reserve balances of depository institutions at Week ended Change from week ended Wednesday F.R. Banks, Reserve Bank credit, and related items Mar 14, 2001 Mar 7, 2001 Mar 15, 2000 Mar 14, 2001 Reserve Bank Credit 575,113 - 2,630 + 19,981 575,918 U.S. government securities (1) Bought outright-system account (2,3) 522,805 + 1,131 + 20,878 523,407 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 140 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 16,713 - 3,361 - 3,391 17,495 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 14 - 64 - 16 95 Seasonal credit 20 - 1 - 43 17 Extended credit 0 0 0 0 Float 352 - 849 + 534 -681 Other F.R. assets 35,200 + 515 + 2,174 35,576 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,783 + 14 + 2,915 31,783 Total factors supplying reserve funds 620,142 - 2,615 + 18,894 620,947 Currency in circulation* 584,688 + 557 + 20,812 585,892 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 504 - 1 + 340 496 Deposits,other than reserve balances,with F.R.Banks Treasury 4,893 - 66 - 564 4,564 Foreign 79 - 8 - 6 73 Service-related balances and adjustments (5) 7,110 + 384 + 135 7,110 Other 263 + 12 + 67 247 Other F.R. liabilities and capital 18,343 + 170 - 809 18,076 Total factors, other than reserve balances, absorbing reserve funds 615,879 + 1,047 + 19,974 616,458 Reserve balances with F.R. Banks (6) 4,262 - 3,663 - 1,081 4,489 On March 14, 2001, 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 $ 730,251 million, a change of $ + 18,528 million for the week. The total includes $ 611,253 million of U.S. government securities and $ 118,999 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 $ 17,789 million (daily average over statement week) and $ 17,665 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,789 million (daily average) and $ 17,665 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 938 million (daily average) and $ 436 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 573 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 $ 6,272 million and adjustments of $ 838 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. Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of Dollars Change Since * Wednesday Wednesday Wednesday Mar 14, 2001 Mar 7, 2001 Mar 15, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,126 + 9 + 694 Loans 112 - 10 + 14 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 17,495 - 3,445 - 7,550 Federal agency obligations (2) Bought outright 10 0 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,527 - 186 - 14,584 Notes (3) 243,048 + 9 + 25,200 Bonds (4) 95,832 + 533 + 10,576 Total bought outright (5) 523,407 + 356 + 21,192 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 523,407 + 356 + 21,192 Total loans and securities 541,024 - 3,099 + 13,516 Items in process of collection (1,023) 7,523 - 1,519 - 135 Bank premises 1,477 0 + 92 Other assets (6) 34,069 + 607 + 2,392 TOTAL ASSETS (1,023) 598,464 - 4,001 + 12,556 LIABILITIES Federal Reserve notes 555,731 + 71 + 19,251 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,964 - 3,273 - 3,352 U.S. Treasury--general account 4,564 - 503 - 3,047 Foreign--official accounts 73 - 24 + 2 Other (0) 247 + 6 + 51 Total deposits (0) 16,848 - 3,794 - 6,346 Deferred availability cash items (1,023) 7,809 - 354 + 410 Other liabilities and accrued dividends (7) 3,925 - 22 - 927 TOTAL LIABILITIES (1,023) 584,313 - 4,099 + 12,388 CAPITAL ACCOUNTS Capital paid in 7,023 - 13 + 315 Surplus 6,422 + 35 - 9 Other capital accounts 705 + 75 - 140 *Figures in parentheses are the eliminations made in the consolidation process. 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 445 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 128 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,665 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 436 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. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, March 14, 2001 Holdings of securities include securitites held under repurchase agreements, which are classified according to remaining maturity. Millions of dollars U.S. government Federal agency Reverse Loans securities (1,2) obligations(2) Repurchase Repurchase Weekly Weekly Agreements Agreements Holdings changes Holdings changes Triparty(3) Triparty(3) Within 15 days 106 13,999 - 1,428 0 0 11,495 0 16 to 90 days 6 122,014 + 1,216 0 0 6,000 0 91 days to 1 year 0 123,451 + 27 0 0 ------ ------ Over 1 to 5 years 135,443 + 1 10 0 ------ ------ Over 5 to 10 years 54,906 + 7 0 0 ------ ------ Over 10 years 73,594 + 534 0 0 ------ ------ Total 112 523,407 + 356 10 0 17,495 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 573 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. H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 14, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,046 535 4,428 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,126 66 81 66 74 153 100 144 65 46 76 106 149 Loans 112 51 0 0 0 0 0 44 8 3 1 1 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 17,495 0 17,495 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 10 1 4 0 1 1 1 1 0 0 0 0 1 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities(2) Bought outright--Bills 184,527 10,593 71,228 7,686 10,326 10,832 12,283 22,072 7,010 777 6,149 5,460 20,111 Notes (3) 243,048 13,953 93,817 10,123 13,601 14,267 16,178 29,072 9,233 1,023 8,099 7,191 26,490 Bonds (4) 95,832 5,502 36,992 3,991 5,363 5,626 6,379 11,463 3,640 403 3,194 2,835 10,445 Total bought outright(5) 523,407 30,048 202,036 21,800 29,290 30,725 34,839 62,607 19,883 2,203 17,442 15,486 57,046 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 523,407 30,048 202,036 21,800 29,290 30,725 34,839 62,607 19,883 2,203 17,442 15,486 57,046 Total loans and securities 541,024 30,100 219,535 21,801 29,291 30,726 34,840 62,652 19,891 2,207 17,444 15,487 57,051 Items in process of collection 8,545 1,030 978 546 224 587 687 407 427 501 541 202 2,414 Bank premises 1,477 93 167 50 154 129 264 104 35 125 49 138 169 Other assets(5) 34,069 1,721 11,659 1,257 2,002 4,837 2,216 3,291 937 702 959 950 3,538 Interdistrict settlement account 0 + 745 +12,615 - 442 + 856 + 4,158 + 554 - 2,309 - 1,588 + 2,263 - 1,574 - 7,087 - 8,191 TOTAL ASSETS 599,487 34,406 250,337 23,774 33,225 41,487 39,628 65,566 20,198 6,033 17,901 10,408 56,525 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 445 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 128 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,665 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 436 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding. H.4.1 (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 14, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 555,731 32,123 238,510 22,251 30,540 36,448 36,356 60,883 18,910 4,246 16,259 9,057 50,147 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,964 505 1,557 419 1,152 885 924 2,103 553 720 667 545 1,935 U.S. Treasury--general account 4,564 0 4,564 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 73 2 50 1 2 7 2 3 1 1 1 1 3 Other 247 2 138 0 14 65 3 -1 2 2 6 1 15 Total deposits 16,848 508 6,309 421 1,169 957 929 2,105 556 722 674 547 1,953 Deferred credit items 8,831 687 1,021 444 350 767 1,015 672 270 494 435 301 2,375 Other liabilities and accrued dividends (2) 3,925 236 1,311 176 230 290 306 440 165 70 157 147 396 TOTAL LIABILITIES 585,336 33,553 247,152 23,292 32,289 38,462 38,606 64,100 19,900 5,532 17,524 10,053 54,871 CAPITAL ACCOUNTS Capital paid in 7,023 416 1,447 229 431 1,682 489 697 137 372 180 150 794 Surplus 6,422 358 1,468 228 472 1,343 495 632 138 129 179 188 792 Other capital accounts 705 78 270 25 33 0 38 138 23 0 18 16 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 599,487 34,406 250,337 23,774 33,225 41,487 39,628 65,566 20,198 6,033 17,901 10,408 56,525 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 743,186 36,659 297,658 30,940 36,208 51,936 59,289 70,666 22,913 9,394 21,193 31,722 74,610 Less--Held by F.R. Banks 187,455 4,536 59,147 8,689 5,667 15,488 22,933 9,783 4,002 5,148 4,934 22,664 24,463 F.R. notes, net 555,731 32,123 238,510 22,251 30,540 36,448 36,356 60,883 18,910 4,246 16,259 9,057 50,147 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 1,574 U.S. govt. and agency securities(3) 540,912 Total collateral 555,731 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements. Components may not add to totals due to rounding.