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 April 26, 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 Apr 25, 2001 Apr 18, 2001 Apr 26, 2000 Apr 25, 2001 Reserve Bank Credit 579,177 - 2,449 + 15,190 580,462 U.S. government securities (1) Bought outright-system account (2,3) 525,432 + 3,058 + 18,041 527,300 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 130 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 17,183 - 5,037 - 3,294 16,507 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 29 + 25 - 52 32 Seasonal credit 36 - 4 - 97 34 Extended credit 0 0 0 0 Float -414 - 1,030 - 1,004 -608 Other F.R. assets 36,900 + 538 + 1,724 37,188 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,056 + 14 + 2,748 32,056 Total factors supplying reserve funds 624,479 - 2,436 + 14,935 625,765 Currency in circulation* 587,675 - 884 + 23,143 588,505 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 512 + 9 + 311 516 Deposits,other than reserve balances,with F.R.Banks Treasury 6,894 + 1,403 - 5,523 7,483 Foreign 119 + 40 + 29 121 Service-related balances and adjustments (5) 7,032 + 247 + 230 7,032 Other 347 + 5 + 50 330 Other F.R. liabilities and capital 17,971 + 18 - 1,270 17,660 Total factors, other than reserve balances, absorbing reserve funds 620,550 + 839 + 16,971 621,646 Reserve balances with F.R. Banks (6) 3,929 - 3,274 - 2,035 4,118 On April 25, 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 $ 711,665 million, a change of $ - 2,202 million for the week. The total includes $ 584,877 million of U.S. government securities and $ 126,788 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 $ 17,638 million (daily average over statement week) and $ 17,309 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,352 million (daily average) and $ 17,309 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 926 million (daily average) and $ 2,268 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,830 million of inflation-indexed securities valued at the original face amount and $ 659 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 $ 6,448 million and adjustments of $ 583 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 Apr 25, 2001 Apr 18, 2001 Apr 26, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,121 - 16 + 583 Loans 66 + 18 - 219 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 16,507 - 12,757 - 23,273 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,923 - 114 - 19,068 Notes (3) 248,286 + 2,082 + 27,263 Bonds (4) 97,091 + 138 + 11,329 Total bought outright (5) 527,300 + 2,105 + 19,524 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 527,300 + 2,105 + 19,524 Total loans and securities 543,882 - 10,635 - 4,099 Items in process of collection (1,085) 8,018 - 1,246 + 140 Bank premises 1,491 + 1 + 103 Other assets (6) 35,492 + 560 + 1,386 TOTAL ASSETS (1,085) 603,250 - 11,337 - 4,889 LIABILITIES Federal Reserve notes 558,086 - 1,009 + 21,136 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,132 - 10,624 - 3,913 U.S. Treasury--general account 7,483 + 730 - 21,961 Foreign--official accounts 121 + 14 + 42 Other (0) 330 - 5 + 54 Total deposits (0) 19,066 - 9,885 - 25,778 Deferred availability cash items (1,085) 8,438 - 426 + 999 Other liabilities and accrued dividends (7) 3,524 - 59 - 1,302 TOTAL LIABILITIES (1,085) 589,115 - 11,377 - 4,944 CAPITAL ACCOUNTS Capital paid in 7,050 + 4 + 299 Surplus 6,375 + 43 - 56 Other capital accounts 711 - 5 - 187 *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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 488 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,216 million of inflation-indexed securities valued at the original face amount and $ 171 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,309 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,268 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, April 25, 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 63 30,649 + 9,517 0 0 12,505 0 16 to 90 days 3 107,022 - 9,106 0 0 4,002 0 91 days to 1 year 0 122,317 + 896 0 0 ------ ------ Over 1 to 5 years 136,449 + 95 10 0 ------ ------ Over 5 to 10 years 56,313 + 701 0 0 ------ ------ Over 10 years 74,550 + 3 0 0 ------ ------ Total 66 527,300 + 2,105 10 0 16,507 0 1 Includes $ 7,830 million of inflation-indexed securities valued at the original face amount and $ 659 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 April 25, 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 11,046 546 4,452 454 538 741 871 1,028 343 143 317 477 1,136 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,121 76 82 68 69 163 89 145 67 47 73 104 139 Loans 66 0 0 0 0 0 22 17 6 16 4 0 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 16,507 0 16,507 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 181,923 10,930 74,522 7,472 10,651 10,868 12,510 20,604 6,557 568 5,615 3,298 18,328 Notes (3) 248,286 14,918 101,706 10,198 14,536 14,833 17,073 28,120 8,949 775 7,663 4,501 25,014 Bonds (4) 97,091 5,833 39,771 3,988 5,684 5,800 6,676 10,996 3,499 303 2,997 1,760 9,782 Total bought outright(5) 527,300 31,681 215,999 21,658 30,871 31,501 36,259 59,721 19,006 1,645 16,275 9,559 53,124 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 527,300 31,681 215,999 21,658 30,871 31,501 36,259 59,721 19,006 1,645 16,275 9,559 53,124 Total loans and securities 543,882 31,682 232,510 21,659 30,871 31,502 36,281 59,739 19,011 1,661 16,279 9,559 53,127 Items in process of collection 9,103 602 1,018 548 359 486 849 672 337 467 446 404 2,915 Bank premises 1,491 94 168 50 154 130 273 104 37 125 49 138 170 Other assets(5) 35,492 1,858 12,824 1,273 2,104 4,796 2,340 3,373 962 663 965 793 3,541 Interdistrict settlement account 0 + 242 + 1,745 - 448 - 1,388 + 6,345 - 2,925 + 600 - 905 + 3,134 - 365 - 824 - 5,209 TOTAL ASSETS 604,336 35,214 253,672 23,686 32,811 44,310 37,945 65,874 19,923 6,269 17,831 10,749 56,052 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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 488 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,216 million of inflation-indexed securities valued at the original face amount and $ 171 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,309 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,268 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 April 25, 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 558,086 32,823 239,124 22,027 30,524 38,675 34,926 61,297 18,800 4,935 16,192 9,152 49,611 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,132 666 1,437 469 761 1,507 780 2,106 361 270 618 540 1,617 U.S. Treasury--general account 7,483 0 7,483 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 121 2 97 1 2 7 2 3 1 1 1 1 3 Other 330 2 133 1 2 176 3 2 0 0 7 1 2 Total deposits 19,066 670 9,150 471 765 1,690 786 2,111 362 272 626 542 1,623 Deferred credit items 9,524 629 1,011 548 377 658 917 628 294 526 496 603 2,836 Other liabilities and accrued dividends (2) 3,524 225 1,205 157 206 277 286 376 146 69 135 107 334 TOTAL LIABILITIES 590,200 34,347 250,491 23,203 31,872 41,299 36,915 64,411 19,601 5,803 17,449 10,405 54,403 CAPITAL ACCOUNTS Capital paid in 7,050 416 1,450 229 432 1,681 495 698 149 371 183 150 795 Surplus 6,375 358 1,468 228 472 1,330 495 632 138 95 179 188 792 Other capital accounts 711 92 263 26 35 0 40 133 34 0 19 6 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 604,336 35,214 253,672 23,686 32,811 44,310 37,945 65,874 19,923 6,269 17,831 10,749 56,052 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 740,132 37,021 296,803 30,556 35,938 53,033 58,138 70,595 22,778 9,296 20,987 31,529 73,457 Less--Held by F.R. Banks 182,046 4,197 57,679 8,529 5,415 14,358 23,212 9,298 3,978 4,361 4,794 22,377 23,846 F.R. notes, net 558,086 32,823 239,124 22,027 30,524 38,675 34,926 61,297 18,800 4,935 16,192 9,152 49,611 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 1,023 U.S. govt. and agency securities(3) 543,817 Total collateral 558,086 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.