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 31, 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 30, 2001 May 23, 2001 May 31, 2000 May 30, 2001 Reserve Bank Credit 590,597 + 8,510 + 30,313 608,219 U.S. government securities (1) Bought outright-system account (2,3) 529,168 + 3,069 + 22,977 529,372 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) 26,534 + 5,619 + 5,621 42,380 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 22 + 19 - 24 1 Seasonal credit 86 + 3 - 270 89 Extended credit 0 0 0 0 Float -482 - 637 - 678 871 Other F.R. assets 35,259 + 436 + 2,817 35,495 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,383 + 14 + 2,712 32,383 Total factors supplying reserve funds 636,225 + 8,524 + 30,022 653,847 Currency in circulation* 594,820 + 3,975 + 26,000 596,444 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 510 - 1 + 333 510 Deposits,other than reserve balances,with F.R.Banks Treasury 5,148 + 155 + 268 4,301 Foreign 148 + 72 + 66 72 Service-related balances and adjustments (5) 6,879 - 208 + 133 6,879 Other 294 - 48 + 77 295 Other F.R. liabilities and capital 17,960 + 16 + 2,604 17,738 Total factors, other than reserve balances, absorbing reserve funds 625,759 + 3,960 + 29,482 626,239 Reserve balances with F.R. Banks (6) 10,466 + 4,564 + 540 27,608 On May 30, 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 $ 707,007 million, a change of $ - 6,335 million for the week. The total includes $ 578,117 million of U.S. government securities and $ 128,890 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 $ 17,385 million (daily average over statement week) and $ 17,205 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,385 million (daily average) and $ 17,205 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,914 million (daily average) and $ 1,570 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 $ 722 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 $ 6,602 million and adjustments of $ 277 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 30, 2001 May 23, 2001 May 31, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,070 - 26 + 471 Loans 90 + 5 - 341 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 42,380 + 18,675 + 15,985 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 178,786 + 3,760 - 19,537 Notes (3) 252,357 + 3 + 28,726 Bonds (4) 98,230 + 2 + 13,439 Total bought outright (5) 529,372 + 3,764 + 22,628 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 529,372 + 3,764 + 22,628 Total loans and securities 571,853 + 22,445 + 38,143 Items in process of collection (891) 10,612 + 2,979 - 1,373 Bank premises 1,499 0 + 99 Other assets (6) 33,813 + 440 + 2,860 TOTAL ASSETS (891) 632,094 + 25,838 + 37,198 LIABILITIES Federal Reserve notes 565,642 + 3,229 + 24,052 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 33,995 + 20,589 + 12,361 U.S. Treasury--general account 4,301 - 487 - 1,144 Foreign--official accounts 72 - 12 - 38 Other (0) 295 - 33 + 69 Total deposits (0) 38,664 + 20,059 + 11,248 Deferred availability cash items (891) 10,050 + 2,497 - 569 Other liabilities and accrued dividends (7) 3,390 - 8 - 1,362 TOTAL LIABILITIES (891) 617,746 + 25,777 + 33,369 CAPITAL ACCOUNTS Capital paid in 7,069 + 9 + 288 Surplus 6,566 + 24 + 3,887 Other capital accounts 712 + 27 - 346 *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 $ 506 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 $ 216 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,570 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 30, 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 86 18,608 - 923 0 0 36,380 0 16 to 90 days 5 116,467 + 5,124 0 0 6,000 0 91 days to 1 year 0 120,387 - 442 0 0 ------ ------ Over 1 to 5 years 141,641 + 1 10 0 ------ ------ Over 5 to 10 years 57,507 + 2 0 0 ------ ------ Over 10 years 74,762 + 2 0 0 ------ ------ Total 90 529,372 + 3,764 10 0 42,380 0 1 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 722 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 30, 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 1,070 78 70 63 64 170 96 124 61 42 71 102 128 Loans 90 0 0 1 0 0 1 23 6 37 18 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 42,380 0 42,380 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 178,786 10,742 73,237 7,343 10,467 10,681 12,294 20,249 6,444 558 5,518 3,241 18,012 Notes (3) 252,357 15,162 103,374 10,365 14,774 15,076 17,353 28,581 9,096 787 7,789 4,575 25,424 Bonds (4) 98,230 5,902 40,238 4,035 5,751 5,868 6,755 11,125 3,541 306 3,032 1,781 9,896 Total bought outright(5) 529,372 31,806 216,849 21,743 30,992 31,625 36,401 59,956 19,080 1,652 16,339 9,597 53,333 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 529,372 31,806 216,849 21,743 30,992 31,625 36,401 59,956 19,080 1,652 16,339 9,597 53,333 Total loans and securities 571,853 31,807 259,233 21,745 30,993 31,626 36,403 59,980 19,087 1,689 16,357 9,597 53,338 Items in process of collection 11,504 969 1,296 458 324 870 1,225 666 689 723 650 639 2,995 Bank premises 1,499 93 167 50 153 130 281 105 37 125 49 137 171 Other assets(5) 33,813 1,754 12,125 1,171 2,006 4,726 2,225 3,179 900 666 913 766 3,380 Interdistrict settlement account 0 + 963 -17,657 + 168 + 151 +14,128 - 868 + 1,241 - 575 + 4,248 - 341 + 642 - 2,100 TOTAL ASSETS 632,985 36,325 260,560 24,192 34,333 52,538 40,399 66,536 20,613 7,666 18,083 12,459 59,283 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 $ 506 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 $ 216 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,205 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,570 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 30, 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 565,642 32,468 239,644 22,355 30,376 41,124 36,493 61,240 19,017 5,598 16,320 10,730 50,279 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 33,995 1,852 10,782 699 2,264 6,908 1,573 2,595 734 855 819 812 4,102 U.S. Treasury--general account 4,301 0 4,301 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 72 2 49 1 2 7 2 3 1 1 1 1 3 Other 295 1 136 0 4 129 0 2 3 0 7 1 12 Total deposits 38,664 1,855 15,267 700 2,270 7,044 1,576 2,599 738 856 827 814 4,118 Deferred credit items 10,941 927 1,317 507 573 876 1,024 846 391 664 420 458 2,936 Other liabilities and accrued dividends (2) 3,390 208 1,144 150 200 287 278 362 143 69 132 105 312 TOTAL LIABILITIES 618,637 35,457 257,372 23,712 33,418 49,331 39,371 65,047 20,288 7,188 17,699 12,108 57,645 CAPITAL ACCOUNTS Capital paid in 7,069 417 1,457 229 411 1,694 495 723 145 374 184 152 788 Surplus 6,566 358 1,468 228 472 1,512 495 632 138 104 179 188 792 Other capital accounts 712 93 262 22 32 0 38 135 42 0 21 11 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 632,985 36,325 260,560 24,192 34,333 52,538 40,399 66,536 20,613 7,666 18,083 12,459 59,283 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 737,129 36,448 295,013 30,272 35,324 54,076 58,721 69,640 22,540 9,245 20,629 31,833 73,388 Less--Held by F.R. Banks 171,487 3,981 55,370 7,917 4,948 12,952 22,227 8,400 3,523 3,648 4,309 21,103 23,108 F.R. notes, net 565,642 32,468 239,644 22,355 30,376 41,124 36,493 61,240 19,017 5,598 16,320 10,730 50,279 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) 552,396 Total collateral 565,642 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.