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 24, 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 23, 2001 May 16, 2001 May 24, 2000 May 23, 2001 Reserve Bank Credit 582,087 - 2,759 + 29,432 584,970 U.S. government securities (1) Bought outright-system account (2,3) 526,099 - 1,159 + 18,417 525,608 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) 20,915 + 862 + 9,799 23,705 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 522 - 151 1 Seasonal credit 83 - 5 - 241 84 Extended credit 0 0 0 0 Float 155 + 305 - 985 504 Other F.R. assets 34,823 - 2,238 + 2,724 35,058 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,369 + 14 + 2,735 32,369 Total factors supplying reserve funds 627,702 - 2,744 + 29,165 630,584 Currency in circulation* 590,845 + 637 + 25,624 593,175 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 511 - 6 + 307 510 Deposits,other than reserve balances,with F.R.Banks Treasury 4,993 - 176 - 121 4,788 Foreign 76 - 28 - 2 84 Service-related balances and adjustments (5) 7,087 + 242 + 300 7,087 Other 342 - 53 + 89 328 Other F.R. liabilities and capital 17,944 - 2 + 2,605 17,685 Total factors, other than reserve balances, absorbing reserve funds 621,799 + 615 + 28,802 623,658 Reserve balances with F.R. Banks (6) 5,902 - 3,360 + 362 6,927 On May 23, 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 $ 713,342 million, a change of $ - 1,767 million for the week. The total includes $ 585,028 million of U.S. government securities and $ 128,314 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 $ 19,638 million (daily average over statement week) and $ 20,914 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,638 million (daily average) and $ 20,914 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,409 million (daily average) and $ 2,356 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 $ 718 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 $ 6,601 million and adjustments of $ 486 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 23, 2001 May 16, 2001 May 24, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,096 - 7 + 522 Loans 85 - 25 - 399 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 23,705 - 8,042 + 11,175 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 175,026 - 3,682 - 26,732 Notes (3) 252,354 + 820 + 29,785 Bonds (4) 98,228 + 89 + 13,440 Total bought outright (5) 525,608 - 2,772 + 16,493 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 525,608 - 2,772 + 16,493 Total loans and securities 549,408 - 10,839 + 27,139 Items in process of collection (1,033) 7,633 - 236 + 454 Bank premises 1,499 0 + 105 Other assets (6) 33,373 + 460 + 2,446 TOTAL ASSETS (1,033) 606,256 - 10,619 + 27,664 LIABILITIES Federal Reserve notes 562,413 + 1,627 + 24,262 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,406 - 11,194 + 148 U.S. Treasury--general account 4,788 - 521 - 154 Foreign--official accounts 84 + 8 + 8 Other (0) 328 - 27 + 79 Total deposits (0) 18,605 - 11,735 + 81 Deferred availability cash items (1,033) 7,553 - 542 + 656 Other liabilities and accrued dividends (7) 3,398 - 20 - 1,336 TOTAL LIABILITIES (1,033) 591,969 - 10,670 + 23,663 CAPITAL ACCOUNTS Capital paid in 7,060 + 33 + 283 Surplus 6,542 + 34 + 3,903 Other capital accounts 685 - 16 - 185 *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 $ 503 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 $ 214 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,914 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,356 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 23, 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 81 19,531 + 355 0 0 19,705 0 16 to 90 days 4 111,343 - 1,481 0 0 4,000 0 91 days to 1 year 0 120,829 - 2,555 0 0 ------ ------ Over 1 to 5 years 141,640 + 905 10 0 ------ ------ Over 5 to 10 years 57,505 + 3 0 0 ------ ------ Over 10 years 74,760 + 1 0 0 ------ ------ Total 85 525,608 - 2,772 10 0 23,705 0 1 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 718 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 23, 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 1,096 80 72 63 64 173 100 130 62 44 72 104 133 Loans 85 1 0 0 0 0 1 21 5 39 14 0 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 23,705 0 23,705 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 175,026 10,516 71,697 7,189 10,247 10,456 12,035 19,823 6,309 546 5,402 3,173 17,633 Notes (3) 252,354 15,162 103,372 10,365 14,774 15,076 17,353 28,581 9,096 787 7,789 4,575 25,424 Bonds (4) 98,228 5,902 40,237 4,035 5,751 5,868 6,754 11,125 3,540 306 3,032 1,781 9,896 Total bought outright(5) 525,608 31,580 215,306 21,589 30,772 31,400 36,142 59,529 18,945 1,640 16,223 9,528 52,954 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 525,608 31,580 215,306 21,589 30,772 31,400 36,142 59,529 18,945 1,640 16,223 9,528 52,954 Total loans and securities 549,408 31,581 239,016 21,589 30,772 31,401 36,144 59,552 18,950 1,679 16,237 9,529 52,959 Items in process of collection 8,667 599 1,173 547 317 615 710 735 428 507 591 237 2,207 Bank premises 1,499 94 167 50 154 130 281 105 37 125 49 137 170 Other assets(5) 33,373 1,728 11,942 1,155 1,980 4,707 2,193 3,130 882 664 900 757 3,336 Interdistrict settlement account 0 + 618 - 6,325 + 64 - 1,614 + 9,660 - 1,135 + 515 - 367 + 3,632 - 645 + 336 - 4,739 TOTAL ASSETS 607,289 35,361 251,370 24,004 32,315 47,573 39,330 65,407 20,406 6,824 17,587 11,675 55,437 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 $ 503 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 $ 214 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,914 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,356 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 23, 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 562,413 32,412 239,313 22,257 30,230 40,649 36,206 60,795 18,874 5,470 16,152 10,299 49,754 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,406 1,244 1,765 437 604 2,597 951 2,128 764 334 489 550 1,541 U.S. Treasury--general account 4,788 0 4,788 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 84 2 61 1 2 7 2 3 1 1 1 1 3 Other 328 1 137 0 2 158 1 1 2 1 7 1 16 Total deposits 18,605 1,247 6,750 439 608 2,763 954 2,132 766 337 498 552 1,560 Deferred credit items 8,586 627 982 676 363 690 868 656 284 475 422 372 2,171 Other liabilities and accrued dividends (2) 3,398 209 1,156 152 198 289 275 364 140 68 131 105 313 TOTAL LIABILITIES 593,002 34,495 248,201 23,523 31,399 44,391 38,303 63,947 20,064 6,349 17,203 11,328 53,798 CAPITAL ACCOUNTS Capital paid in 7,060 417 1,451 229 411 1,694 495 706 162 371 184 152 788 Surplus 6,542 358 1,468 228 472 1,488 495 632 138 103 179 188 792 Other capital accounts 685 91 250 24 34 0 37 122 42 0 21 7 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 607,289 35,361 251,370 24,004 32,315 47,573 39,330 65,407 20,406 6,824 17,587 11,675 55,437 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 737,903 36,509 295,115 30,312 35,377 54,071 58,904 69,604 22,581 9,267 20,669 31,933 73,562 Less--Held by F.R. Banks 175,490 4,097 55,802 8,055 5,147 13,422 22,698 8,809 3,706 3,796 4,516 21,634 23,808 F.R. notes, net 562,413 32,412 239,313 22,257 30,230 40,649 36,206 60,795 18,874 5,470 16,152 10,299 49,754 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) 549,167 Total collateral 562,413 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.