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 May 17, 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 May 16, 2001 May 9, 2001 May 17, 2000 May 16, 2001 Reserve Bank Credit 584,854 + 4,840 + 28,459 594,075 U.S. government securities (1) Bought outright-system account (2,3) 527,258 + 2,544 + 18,905 528,380 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) 20,053 + 2,620 + 5,730 31,747 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 525 + 517 + 459 24 Seasonal credit 88 + 19 - 172 86 Extended credit 0 0 0 0 Float -145 - 410 + 215 -674 Other F.R. assets 37,064 - 451 + 3,450 34,503 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,355 + 14 + 2,758 32,355 Total factors supplying reserve funds 630,455 + 4,855 + 28,215 639,676 Currency in circulation* 590,208 + 596 + 24,749 591,527 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 517 - 1 + 312 511 Deposits,other than reserve balances,with F.R.Banks Treasury 5,169 + 116 - 255 5,309 Foreign 104 + 29 - 17 76 Service-related balances and adjustments (5) 6,845 - 34 - 13 6,845 Other 395 + 30 + 141 355 Other F.R. liabilities and capital 17,946 - 88 + 2,655 17,654 Total factors, other than reserve balances, absorbing reserve funds 621,184 + 647 + 27,572 622,277 Reserve balances with F.R. Banks (6) 9,271 + 4,207 + 642 17,399 On May 16, 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 $ 715,109 million, a change of $ + 9,315 million for the week. The total includes $ 585,823 million of U.S. government securities and $ 129,286 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 $ 17,358 million (daily average over statement week) and $ 17,139 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,358 million (daily average) and $ 17,139 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,449 million (daily average) and $ 3,230 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 713 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 $ 6,558 million and adjustments of $ 287 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 May 16, 2001 May 9, 2001 May 17, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,103 - 7 + 515 Loans 110 + 15 - 321 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 31,747 + 16,740 + 17,127 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 178,708 - 200 - 21,863 Notes (3) 251,534 + 2,165 + 28,974 Bonds (4) 98,139 - 26 + 13,354 Total bought outright (5) 528,380 + 1,938 + 20,464 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 528,380 + 1,938 + 20,464 Total loans and securities 560,247 + 18,693 + 37,140 Items in process of collection (992) 7,869 - 1,042 + 3 Bank premises 1,499 0 + 104 Other assets (6) 32,913 - 3,142 + 2,352 TOTAL ASSETS (992) 616,875 + 14,500 + 37,109 LIABILITIES Federal Reserve notes 560,786 + 274 + 23,503 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 24,600 + 13,360 + 10,037 U.S. Treasury--general account 5,309 + 882 + 386 Foreign--official accounts 76 - 13 - 50 Other (0) 355 0 + 95 Total deposits (0) 30,340 + 14,230 + 10,468 Deferred availability cash items (992) 8,095 + 28 + 493 Other liabilities and accrued dividends (7) 3,418 - 43 - 1,326 TOTAL LIABILITIES (992) 602,639 + 14,488 + 33,139 CAPITAL ACCOUNTS Capital paid in 7,027 - 18 + 262 Surplus 6,508 + 29 + 3,914 Other capital accounts 701 0 - 205 *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 $ 500 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 213 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,139 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,230 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, May 16, 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 50 19,176 - 1,980 0 0 27,742 0 16 to 90 days 59 112,824 - 3,563 0 0 4,005 0 91 days to 1 year 0 123,384 + 1,908 0 0 ------ ------ Over 1 to 5 years 140,735 + 5,184 10 0 ------ ------ Over 5 to 10 years 57,502 + 1,162 0 0 ------ ------ Over 10 years 74,759 - 772 0 0 ------ ------ Total 110 528,380 + 1,938 10 0 31,747 0 1 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 713 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 May 16, 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 1,103 78 73 64 67 169 101 136 62 46 72 103 132 Loans 110 0 0 0 0 0 0 21 8 36 14 0 30 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 31,747 0 31,747 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 178,708 10,737 73,205 7,340 10,462 10,676 12,289 20,240 6,441 558 5,516 3,240 18,004 Notes (3) 251,534 15,113 103,037 10,331 14,726 15,027 17,296 28,488 9,066 785 7,764 4,560 25,341 Bonds (4) 98,139 5,896 40,201 4,031 5,746 5,863 6,748 11,115 3,537 306 3,029 1,779 9,887 Total bought outright(5) 528,380 31,746 216,442 21,703 30,934 31,566 36,333 59,843 19,045 1,648 16,309 9,579 53,233 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 528,380 31,746 216,442 21,703 30,934 31,566 36,333 59,843 19,045 1,648 16,309 9,579 53,233 Total loans and securities 560,247 31,747 248,193 21,703 30,935 31,566 36,334 59,866 19,053 1,684 16,323 9,579 53,264 Items in process of collection 8,860 594 933 582 399 570 1,094 647 466 490 437 244 2,404 Bank premises 1,499 93 167 50 154 130 281 105 37 125 49 137 170 Other assets(5) 32,913 1,699 11,744 1,165 1,951 4,675 2,163 3,075 865 661 884 747 3,283 Interdistrict settlement account 0 + 1,733 -10,938 + 31 - 422 +11,159 - 1,382 + 582 - 406 + 3,747 - 318 - 186 - 3,600 TOTAL ASSETS 617,867 36,606 255,498 24,132 33,725 49,157 39,627 65,650 20,491 6,926 17,830 11,200 57,024 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 $ 500 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 213 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,139 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,230 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 May 16, 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 560,786 32,664 239,575 22,108 30,489 40,131 35,458 61,022 18,870 5,301 16,131 9,739 49,297 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 24,600 2,255 5,035 804 1,655 4,714 1,782 2,151 781 548 765 651 3,457 U.S. Treasury--general account 5,309 0 5,309 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 76 2 52 1 2 7 2 3 1 1 1 1 3 Other 355 2 137 0 2 166 1 1 1 3 10 1 32 Total deposits 30,340 2,259 10,532 806 1,659 4,888 1,785 2,155 783 552 776 653 3,493 Deferred credit items 9,087 605 1,038 582 466 728 1,079 663 357 532 408 355 2,273 Other liabilities and accrued dividends (2) 3,418 210 1,177 153 200 274 277 366 141 70 131 103 318 TOTAL LIABILITIES 603,631 35,738 252,322 23,649 32,814 46,021 38,599 64,205 20,150 6,455 17,446 10,851 55,381 CAPITAL ACCOUNTS Capital paid in 7,027 417 1,450 229 411 1,681 495 690 161 367 184 152 789 Surplus 6,508 358 1,468 228 472 1,455 495 632 138 103 179 188 792 Other capital accounts 701 93 258 26 29 0 38 123 42 0 21 9 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 617,867 36,606 255,498 24,132 33,725 49,157 39,627 65,650 20,491 6,926 17,830 11,200 57,024 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 738,483 36,763 295,897 30,362 35,647 53,873 58,327 70,005 22,650 9,256 20,794 31,664 73,243 Less--Held by F.R. Banks 177,696 4,100 56,322 8,254 5,158 13,742 22,869 8,983 3,780 3,955 4,663 21,925 23,946 F.R. notes, net 560,786 32,664 239,575 22,108 30,489 40,131 35,458 61,022 18,870 5,301 16,131 9,739 49,297 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 547,541 Total collateral 560,786 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.