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 June 14, 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 Jun 13, 2001 Jun 6, 2001 Jun 14, 2000 Jun 13, 2001 Reserve Bank Credit 585,192 - 2,561 + 27,891 589,460 U.S. government securities (1) Bought outright-system account (2,3) 531,105 + 3,165 + 23,577 531,874 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) 17,643 - 6,411 + 2,102 20,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 268 + 148 + 241 29 Seasonal credit 106 + 11 - 246 111 Extended credit 0 0 0 0 Float 466 0 - 182 1,116 Other F.R. assets 35,593 + 525 + 2,528 35,821 Gold stock 11,045 - 1 - 3 11,044 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,411 + 14 + 2,537 32,411 Total factors supplying reserve funds 630,848 - 2,547 + 27,425 635,114 Currency in circulation* 594,096 - 944 + 25,595 595,202 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 481 - 25 + 400 466 Deposits,other than reserve balances,with F.R.Banks Treasury 4,878 + 82 - 354 4,729 Foreign 85 + 2 + 3 82 Service-related balances and adjustments (5) 7,008 - 35 + 347 7,008 Other 311 - 21 + 74 288 Other F.R. liabilities and capital 18,130 + 221 + 2,494 17,766 Total factors, other than reserve balances, absorbing reserve funds 624,989 - 721 + 28,560 625,542 Reserve balances with F.R. Banks (6) 5,859 - 1,826 - 1,135 9,572 On June 13, 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 $ 707,966 million, a change of $ - 1,733 million for the week. The total includes $ 577,406 million of U.S. government securities and $ 130,559 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 $ 17,281 million (daily average over statement week) and $ 16,881 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,281 million (daily average) and $ 16,881 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,502 million (daily average) and $ 2,034 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 777 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 $ 6,778 million and adjustments of $ 230 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 Jun 13, 2001 Jun 6, 2001 Jun 14, 2000 ASSETS Gold certificate account 11,044 - 2 - 4 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,105 + 31 + 444 Loans 139 + 25 - 317 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,500 + 1,450 + 2,390 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,228 + 3,761 - 17,145 Notes (3) 251,425 + 6 + 27,792 Bonds (4) 99,221 + 983 + 13,831 Total bought outright (5) 531,874 + 4,750 + 24,478 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 531,874 + 4,750 + 24,478 Total loans and securities 552,523 + 6,225 + 26,420 Items in process of collection (982) 8,787 - 2,919 + 210 Bank premises 1,507 + 3 + 105 Other assets (6) 34,141 + 534 + 2,267 TOTAL ASSETS (982) 611,307 + 3,872 + 26,442 LIABILITIES Federal Reserve notes 564,362 - 365 + 24,332 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,594 + 6,335 - 29 U.S. Treasury--general account 4,729 - 1,197 - 295 Foreign--official accounts 82 0 - 25 Other (0) 288 - 39 + 41 Total deposits (0) 21,693 + 5,099 - 308 Deferred availability cash items (982) 7,485 - 962 - 10 Other liabilities and accrued dividends (7) 3,388 + 18 - 1,456 TOTAL LIABILITIES (982) 596,929 + 3,791 + 22,559 CAPITAL ACCOUNTS Capital paid in 7,064 + 3 + 208 Surplus 6,617 + 33 + 3,938 Other capital accounts 696 + 43 - 264 *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 $ 517 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,158 million of inflation-indexed securities valued at the original face amount and $ 260 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,881 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,034 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, June 13, 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 49 14,586 - 1,281 0 0 16,500 0 16 to 90 days 90 123,727 + 5,287 0 0 4,000 0 91 days to 1 year 0 120,639 - 244 0 0 ------ ------ Over 1 to 5 years 139,659 0 10 0 ------ ------ Over 5 to 10 years 57,516 + 5 0 0 ------ ------ Over 10 years 75,747 + 983 0 0 ------ ------ Total 139 531,874 + 4,750 10 0 20,500 0 1 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 777 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 June 13, 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 1,105 80 66 61 69 178 106 129 62 42 72 110 129 Loans 139 3 0 0 0 0 10 39 15 43 23 1 6 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,500 0 20,500 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 181,228 10,889 74,237 7,444 10,610 10,827 12,462 20,526 6,532 565 5,594 3,285 18,258 Notes (3) 251,425 15,106 102,992 10,327 14,720 15,020 17,289 28,476 9,062 784 7,760 4,558 25,330 Bonds (4) 99,221 5,961 40,644 4,075 5,809 5,928 6,823 11,238 3,576 310 3,062 1,799 9,996 Total bought outright(5) 531,874 31,956 217,873 21,846 31,138 31,774 36,573 60,239 19,170 1,659 16,416 9,642 53,585 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 531,874 31,956 217,873 21,846 31,138 31,774 36,573 60,239 19,170 1,659 16,416 9,642 53,585 Total loans and securities 552,523 31,959 238,377 21,847 31,139 31,775 36,584 60,279 19,186 1,702 16,440 9,643 53,592 Items in process of collection 9,769 594 1,076 553 265 757 781 761 450 616 699 664 2,552 Bank premises 1,507 93 167 50 153 131 286 106 37 125 50 137 171 Other assets(5) 34,141 1,772 12,261 1,185 2,029 4,748 2,248 3,214 912 667 926 774 3,406 Interdistrict settlement account 0 - 161 - 3,428 - 384 - 1,236 + 9,258 - 1,482 - 321 - 401 + 4,019 - 550 + 748 - 6,062 TOTAL ASSETS 612,288 34,998 253,843 23,849 33,061 47,734 39,561 65,408 20,662 7,344 18,020 12,651 55,157 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 $ 517 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,158 million of inflation-indexed securities valued at the original face amount and $ 260 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,881 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,034 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 June 13, 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 564,362 32,136 239,854 22,098 30,462 40,788 36,049 60,741 19,235 5,874 16,530 11,389 49,208 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,594 1,131 3,883 608 1,104 2,527 1,361 2,117 687 433 554 500 1,689 U.S. Treasury--general account 4,729 0 4,729 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 82 2 59 1 2 7 2 3 1 1 1 1 3 Other 288 1 134 1 2 130 0 1 1 0 8 1 10 Total deposits 21,693 1,133 8,805 610 1,107 2,665 1,363 2,121 688 435 562 501 1,703 Deferred credit items 8,467 652 873 518 379 733 843 679 288 489 412 307 2,295 Other liabilities and accrued dividends (2) 3,388 212 1,132 151 203 286 281 359 139 72 130 105 318 TOTAL LIABILITIES 597,911 34,132 250,664 23,377 32,151 44,472 38,536 63,899 20,350 6,870 17,634 12,303 53,524 CAPITAL ACCOUNTS Capital paid in 7,064 417 1,458 222 404 1,695 496 724 148 375 184 152 791 Surplus 6,617 358 1,468 228 472 1,567 495 632 138 100 179 188 792 Other capital accounts 696 91 254 22 34 0 34 153 26 0 24 9 49 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 612,288 34,998 253,843 23,849 33,061 47,734 39,561 65,408 20,662 7,344 18,020 12,651 55,157 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 736,154 36,286 294,737 30,148 35,601 54,299 58,651 69,529 22,529 9,194 20,536 31,598 73,046 Less--Held by F.R. Banks 171,792 4,151 54,883 8,050 5,139 13,511 22,602 8,788 3,295 3,320 4,006 20,209 23,838 F.R. notes, net 564,362 32,136 239,854 22,098 30,462 40,788 36,049 60,741 19,235 5,874 16,530 11,389 49,208 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) 551,119 Total collateral 564,362 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.