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 1, 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 Feb 28, 2001 Feb 21, 2001 Mar 1, 2000 Feb 28, 2001 Reserve Bank Credit 575,148 - 1,990 + 18,394 578,182 U.S. government securities (1) Bought outright-system account (2,3) 520,739 + 1,070 + 19,253 519,618 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 - 71 - 140 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 17,685 - 4,291 - 3,648 23,665 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 72 + 59 + 41 2 Seasonal credit 17 0 - 40 15 Extended credit 0 0 0 0 Float 1,850 + 888 + 965 1,064 Other F.R. assets 34,774 + 353 + 1,978 33,807 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,755 + 14 + 3,133 31,755 Total factors supplying reserve funds 620,148 - 1,977 + 17,524 623,182 Currency in circulation* 583,719 - 114 + 19,386 584,797 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 489 + 1 + 327 505 Deposits,other than reserve balances,with F.R.Banks Treasury 4,868 + 32 - 222 4,956 Foreign 100 - 7 + 8 196 Service-related balances and adjustments (5) 6,648 + 117 - 267 6,648 Other 290 + 33 + 45 377 Other F.R. liabilities and capital 18,246 + 84 - 561 17,842 Total factors, other than reserve balances, absorbing reserve funds 614,361 + 147 + 18,718 615,320 Reserve balances with F.R. Banks (6) 5,788 - 2,122 - 1,193 7,862 On February 28, 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 $ 711,190 million, a change of $ + 8,003 million for the week. The total includes $ 602,378 million of U.S. government securities and $ 108,812 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 $ 17,288 million (daily average over statement week) and $ 19,193 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,645 million (daily average) and $ 19,193 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 429 million (daily average) and $ 2,426 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 $ 552 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 $ 6,118 million and adjustments of $ 530 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 Feb 28, 2001 Feb 21, 2001 Mar 1, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,115 + 3 + 696 Loans 18 - 14 - 90 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 23,665 - 5,100 - 600 Federal agency obligations (2) Bought outright 10 0 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 182,998 - 914 - 15,804 Notes (3) 241,792 - 645 + 23,949 Bonds (4) 94,827 + 57 + 9,573 Total bought outright (5) 519,618 - 1,500 + 17,719 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 519,618 - 1,500 + 17,719 Total loans and securities 543,311 - 6,614 + 16,889 Items in process of collection (877) 9,019 - 5,248 + 979 Bank premises 1,476 + 7 + 96 Other assets (6) 32,919 - 321 + 1,999 TOTAL ASSETS (877) 601,086 - 12,173 + 16,657 LIABILITIES Federal Reserve notes 554,662 + 24 + 17,835 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,139 - 9,854 - 919 U.S. Treasury--general account 4,956 + 856 - 63 Foreign--official accounts 196 + 119 + 97 Other (0) 377 + 121 + 143 Total deposits (0) 20,667 - 8,760 - 743 Deferred availability cash items (877) 7,915 - 3,344 + 53 Other liabilities and accrued dividends (7) 3,931 + 24 - 721 TOTAL LIABILITIES (877) 587,175 - 12,056 + 16,423 CAPITAL ACCOUNTS Capital paid in 7,023 + 9 + 322 Surplus 6,355 - 12 - 55 Other capital accounts 534 - 114 - 32 *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 $ 429 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 $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,193 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,426 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, February 28, 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 16 12,450 - 5,409 0 0 19,670 0 16 to 90 days 2 116,644 - 2,153 0 0 3,995 0 91 days to 1 year 0 128,775 + 6,787 0 0 ------ ------ Over 1 to 5 years 134,268 - 724 10 0 ------ ------ Over 5 to 10 years 54,893 - 1 0 0 ------ ------ Over 10 years 72,589 0 0 0 ------ ------ Total 18 519,618 - 1,500 10 0 23,665 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 552 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 February 28, 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 1,115 64 74 63 73 147 105 143 63 46 77 109 150 Loans 18 0 0 0 0 0 0 9 3 0 2 1 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 23,665 0 23,665 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 182,998 10,506 70,638 7,622 10,241 10,742 12,181 21,889 6,952 770 6,098 5,414 19,945 Notes (3) 241,792 13,881 93,332 10,071 13,531 14,194 16,094 28,922 9,185 1,018 8,058 7,154 26,353 Bonds (4) 94,827 5,444 36,604 3,950 5,307 5,567 6,312 11,343 3,602 399 3,160 2,806 10,335 Total bought outright(5) 519,618 29,830 200,574 21,642 29,078 30,503 34,587 62,154 19,739 2,187 17,316 15,374 56,633 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 519,618 29,830 200,574 21,642 29,078 30,503 34,587 62,154 19,739 2,187 17,316 15,374 56,633 Total loans and securities 543,311 29,831 224,242 21,643 29,079 30,503 34,588 62,165 19,742 2,188 17,318 15,376 56,636 Items in process of collection 9,896 1,058 882 447 352 675 811 668 510 691 707 658 2,438 Bank premises 1,476 93 167 50 154 129 263 104 35 125 49 138 168 Other assets(5) 32,919 1,659 11,235 1,169 1,927 4,777 2,138 3,162 886 704 921 915 3,425 Interdistrict settlement account 0 + 785 +10,955 + 303 + 563 + 4,781 + 1,253 - 2,353 - 1,417 + 1,241 - 1,667 - 7,268 - 7,175 TOTAL ASSETS 601,963 34,141 252,856 24,173 32,771 41,908 40,127 65,165 20,250 5,182 17,811 10,539 57,038 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 $ 429 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 $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,193 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,426 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 February 28, 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 554,662 31,928 238,567 22,257 30,509 35,697 37,120 60,396 18,953 3,315 16,161 9,201 50,559 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,139 554 3,526 746 744 2,084 800 2,193 397 803 651 562 2,080 U.S. Treasury--general account 4,956 0 4,956 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 196 2 172 1 2 7 2 3 1 1 1 1 3 Other 377 3 137 0 1 84 7 3 106 3 12 1 21 Total deposits 20,667 559 8,791 747 746 2,175 809 2,199 503 807 664 564 2,104 Deferred credit items 8,791 658 1,014 494 344 793 878 695 336 494 458 283 2,344 Other liabilities and accrued dividends (2) 3,931 235 1,320 178 224 286 309 442 164 67 156 144 406 TOTAL LIABILITIES 588,052 33,380 249,692 23,676 31,822 38,951 39,116 63,732 19,957 4,683 17,438 10,191 55,413 CAPITAL ACCOUNTS Capital paid in 7,023 369 1,471 239 457 1,681 488 689 138 372 180 150 788 Surplus 6,355 358 1,468 228 472 1,277 495 632 138 128 179 188 792 Other capital accounts 534 34 226 30 20 0 27 113 17 0 14 9 45 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 601,963 34,141 252,856 24,173 32,771 41,908 40,127 65,165 20,250 5,182 17,811 10,539 57,038 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 744,972 36,779 297,707 31,157 36,239 51,727 59,853 70,617 23,009 9,416 21,284 31,957 75,226 Less--Held by F.R. Banks 190,310 4,851 59,139 8,900 5,730 16,031 22,733 10,221 4,056 6,101 5,123 22,756 24,667 F.R. notes, net 554,662 31,928 238,567 22,257 30,509 35,697 37,120 60,396 18,953 3,315 16,161 9,201 50,559 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) 541,417 Total collateral 554,662 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.