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 July 12, 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 Jul 11, 2001 Jul 4, 2001 Jul 12, 2000 Jul 11, 2001 Reserve Bank Credit 591,218 - 2,993 + 30,705 597,285 U.S. government securities (1) Bought outright-system account (2,3) 532,767 - 1,279 + 26,965 532,818 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) 20,694 - 1,492 + 1,715 27,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 150 + 123 - 25 27 Seasonal credit 161 + 13 - 323 162 Extended credit 0 0 0 0 Float 856 - 343 + 492 -300 Other F.R. assets 36,580 - 15 + 2,012 37,068 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,557 + 14 + 2,422 32,557 Total factors supplying reserve funds 637,019 - 2,979 + 31,125 643,086 Currency in circulation* 601,361 + 3,101 + 27,956 601,887 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 439 - 1 + 372 413 Deposits,other than reserve balances,with F.R.Banks Treasury 4,796 - 1,648 - 185 5,444 Foreign 77 - 45 - 18 81 Service-related balances and adjustments (5) 7,284 - 287 + 397 7,284 Other 283 - 2 + 47 259 Other F.R. liabilities and capital 17,581 - 144 + 1,770 17,786 Total factors, other than reserve balances, absorbing reserve funds 631,821 + 974 + 30,338 633,154 Reserve balances with F.R. Banks (6) 5,198 - 3,954 + 786 9,932 On July 11, 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 $ 709,356 million, a change of $ + 778 million for the week. The total includes $ 578,837 million of U.S. government securities and $ 130,518 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 $ 18,327 million (daily average over statement week) and $ 18,725 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,327 million (daily average) and $ 18,725 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,064 million (daily average) and $ 3,623 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 850 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 $ 6,839 million and adjustments of $ 445 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 Jul 11, 2001 Jul 4, 2001 Jul 12, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,063 - 29 + 403 Loans 189 + 32 - 572 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,500 + 7,150 + 7,480 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 179,604 - 1,124 - 14,242 Notes (3) 252,565 + 137 + 26,183 Bonds (4) 100,648 + 850 + 14,133 Total bought outright (5) 532,818 - 136 + 26,075 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 532,818 - 136 + 26,075 Total loans and securities 560,517 + 7,046 + 32,853 Items in process of collection (795) 8,027 - 5,567 + 27 Bank premises 1,512 + 2 + 101 Other assets (6) 35,398 + 750 + 1,941 TOTAL ASSETS (795) 619,761 + 2,202 + 33,323 LIABILITIES Federal Reserve notes 570,805 + 305 + 27,200 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 17,893 + 5,071 + 3,027 U.S. Treasury--general account 5,444 - 240 + 424 Foreign--official accounts 81 + 2 - 12 Other (0) 259 - 43 - 6 Total deposits (0) 23,677 + 4,791 + 3,433 Deferred availability cash items (795) 7,493 - 2,933 + 198 Other liabilities and accrued dividends (7) 3,071 0 - 1,687 TOTAL LIABILITIES (795) 605,046 + 2,164 + 29,143 CAPITAL ACCOUNTS Capital paid in 7,143 0 + 273 Surplus 6,677 + 79 + 3,998 Other capital accounts 894 - 42 - 92 *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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 545 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 304 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,725 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,623 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, July 11, 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 14,493 + 3,500 0 0 23,500 0 16 to 90 days 140 119,377 - 5,453 0 0 4,000 0 91 days to 1 year 0 124,865 + 829 0 0 ------ ------ Over 1 to 5 years 139,333 + 2 10 0 ------ ------ Over 5 to 10 years 57,666 + 136 0 0 ------ ------ Over 10 years 77,084 + 850 0 0 ------ ------ Total 189 532,818 - 136 10 0 27,500 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 850 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 July 11, 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 11,044 546 4,450 454 538 741 871 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 1,063 73 57 58 67 175 110 128 61 38 66 108 123 Loans 189 2 22 0 2 0 7 39 9 75 23 8 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,500 0 27,500 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 179,604 10,791 73,572 7,377 10,515 10,730 12,350 20,342 6,474 560 5,544 3,256 18,095 Notes (3) 252,565 15,175 103,459 10,374 14,786 15,088 17,367 28,605 9,103 788 7,795 4,579 25,445 Bonds (4) 100,648 6,047 41,229 4,134 5,892 6,013 6,921 11,399 3,628 314 3,107 1,825 10,140 Total bought outright(5) 532,818 32,013 218,260 21,885 31,194 31,831 36,638 60,346 19,204 1,662 16,446 9,659 53,680 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 532,818 32,013 218,260 21,885 31,194 31,831 36,638 60,346 19,204 1,662 16,446 9,659 53,680 Total loans and securities 560,517 32,015 245,786 21,885 31,196 31,831 36,646 60,386 19,214 1,737 16,469 9,667 53,685 Items in process of collection 8,822 660 1,039 417 329 623 941 636 423 626 498 531 2,097 Bank premises 1,512 93 168 50 153 131 291 106 38 124 49 137 172 Other assets(5) 35,398 1,849 12,829 1,294 2,091 4,771 2,326 3,351 954 661 963 792 3,519 Interdistrict settlement account 0 + 65 - 9,131 - 415 - 967 + 9,101 - 327 + 2,062 - 359 + 4,731 - 618 + 1,524 - 5,666 TOTAL ASSETS 620,556 35,416 256,071 23,825 33,511 47,520 41,024 67,909 20,744 8,090 17,809 13,336 55,299 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 545 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 304 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,725 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,623 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 July 11, 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 570,805 31,903 241,886 22,146 30,753 41,838 37,618 62,091 19,403 6,355 16,308 11,888 48,616 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,893 1,791 3,339 625 1,266 1,418 1,221 3,217 578 688 611 673 2,466 U.S. Treasury--general account 5,444 0 5,444 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 81 2 57 1 2 7 2 3 1 1 1 1 3 Other 259 2 138 0 4 106 1 1 0 1 1 1 3 Total deposits 23,677 1,795 8,978 626 1,272 1,531 1,224 3,221 579 690 613 675 2,472 Deferred credit items 8,287 649 948 443 380 581 819 740 313 515 357 318 2,224 Other liabilities and accrued dividends (2) 3,071 191 1,045 140 180 236 253 328 130 63 120 100 285 TOTAL LIABILITIES 605,841 34,538 252,857 23,356 32,586 44,187 39,914 66,379 20,426 7,622 17,399 12,981 53,597 CAPITAL ACCOUNTS Capital paid in 7,143 417 1,466 221 404 1,700 528 725 148 375 194 152 813 Surplus 6,677 358 1,468 228 472 1,634 495 632 138 93 179 188 792 Other capital accounts 894 103 281 20 49 0 86 174 33 0 38 14 96 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 620,556 35,416 256,071 23,825 33,511 47,520 41,024 67,909 20,744 8,090 17,809 13,336 55,299 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 735,520 35,833 293,254 29,971 35,689 54,495 59,682 70,161 22,490 9,132 20,300 31,755 72,760 Less--Held by F.R. Banks 164,714 3,930 51,368 7,825 4,935 12,656 22,064 8,070 3,087 2,777 3,991 19,866 24,144 F.R. notes, net 570,805 31,903 241,886 22,146 30,753 41,838 37,618 62,091 19,403 6,355 16,308 11,888 48,616 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 557,562 Total collateral 570,805 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.