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 21, 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 20, 2001 Jun 13, 2001 Jun 21, 2000 Jun 20, 2001 Reserve Bank Credit 587,618 + 2,436 + 28,671 584,992 U.S. government securities (1) Bought outright-system account (2,3) 532,906 + 1,801 + 24,832 534,482 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) 17,286 - 357 + 1,723 13,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 57 - 211 + 11 83 Seasonal credit 122 + 16 - 273 128 Extended credit 0 0 0 0 Float 1,033 + 576 - 135 73 Other F.R. assets 36,205 + 612 + 2,644 36,465 Gold stock 11,044 - 1 - 4 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,515 + 14 + 2,606 32,515 Total factors supplying reserve funds 633,377 + 2,448 + 29,273 630,751 Currency in circulation* 593,915 - 272 + 26,135 595,069 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 463 - 18 + 395 444 Deposits,other than reserve balances,with F.R.Banks Treasury 5,194 + 316 - 2,749 6,758 Foreign 101 + 16 + 18 133 Service-related balances and adjustments (5) 7,204 + 196 + 286 7,204 Other 284 - 27 + 33 266 Other F.R. liabilities and capital 18,065 - 65 + 2,494 17,851 Total factors, other than reserve balances, absorbing reserve funds 625,226 + 146 + 26,613 627,724 Reserve balances with F.R. Banks (6) 8,151 + 2,302 + 2,661 3,026 On June 20, 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 $ 703,823 million, a change of $ - 4,143 million for the week. The total includes $ 574,184 million of U.S. government securities and $ 129,640 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 $ 17,384 million (daily average over statement week) and $ 16,919 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,384 million (daily average) and $ 16,919 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 629 million (daily average) and $ 190 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 $ 786 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 $ 6,812 million and adjustments of $ 392 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 20, 2001 Jun 13, 2001 Jun 21, 2000 ASSETS Gold certificate account 11,044 0 - 4 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,121 + 16 + 447 Loans 211 + 72 - 372 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 13,750 - 6,750 - 7,220 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,249 + 21 - 16,650 Notes (3) 253,531 + 2,106 + 28,842 Bonds (4) 99,702 + 481 + 13,759 Total bought outright (5) 534,482 + 2,608 + 25,951 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 534,482 + 2,608 + 25,951 Total loans and securities 548,453 - 4,070 + 18,229 Items in process of collection (910) 8,869 + 82 - 943 Bank premises 1,507 0 + 104 Other assets (6) 34,793 + 652 + 2,366 TOTAL ASSETS (910) 607,986 - 3,321 + 18,198 LIABILITIES Federal Reserve notes 564,118 - 244 + 24,833 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,074 - 5,520 - 2,509 U.S. Treasury--general account 6,758 + 2,029 - 6,910 Foreign--official accounts 133 + 51 + 47 Other (0) 266 - 22 + 28 Total deposits (0) 18,231 - 3,462 - 9,342 Deferred availability cash items (910) 7,787 + 302 + 111 Other liabilities and accrued dividends (7) 3,358 - 31 - 1,409 TOTAL LIABILITIES (910) 593,494 - 3,435 + 14,193 CAPITAL ACCOUNTS Capital paid in 7,133 + 69 + 270 Surplus 6,645 + 28 + 3,966 Other capital accounts 715 + 19 - 230 *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 $ 523 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 $ 263 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,919 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 190 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 20, 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 202 19,475 + 4,889 0 0 9,750 0 16 to 90 days 9 118,433 - 5,294 0 0 4,000 0 91 days to 1 year 0 122,474 + 1,835 0 0 ------ ------ Over 1 to 5 years 140,350 + 691 10 0 ------ ------ Over 5 to 10 years 57,521 + 5 0 0 ------ ------ Over 10 years 76,228 + 481 0 0 ------ ------ Total 211 534,482 + 2,608 10 0 13,750 0 1 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 786 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 20, 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 1,121 80 63 61 72 183 109 133 64 41 73 109 133 Loans 211 0 0 0 50 0 2 28 48 53 22 1 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 13,750 0 13,750 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 181,249 10,890 74,246 7,445 10,611 10,828 12,463 20,528 6,533 565 5,594 3,286 18,260 Notes (3) 253,531 15,233 103,855 10,414 14,843 15,146 17,434 28,714 9,138 791 7,825 4,596 25,543 Bonds (4) 99,702 5,990 40,841 4,095 5,837 5,956 6,856 11,292 3,594 311 3,077 1,807 10,045 Total bought outright(5) 534,482 32,113 218,941 21,953 31,291 31,930 36,753 60,534 19,264 1,668 16,497 9,689 53,848 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 534,482 32,113 218,941 21,953 31,291 31,930 36,753 60,534 19,264 1,668 16,497 9,689 53,848 Total loans and securities 548,453 32,113 232,696 21,954 31,342 31,931 36,755 60,564 19,312 1,721 16,520 9,690 53,856 Items in process of collection 9,778 599 1,007 500 404 681 950 710 474 703 736 752 2,263 Bank premises 1,507 93 167 50 153 131 286 106 38 125 49 137 171 Other assets(5) 34,793 1,804 12,523 1,275 2,060 4,783 2,284 3,281 929 662 944 783 3,466 Interdistrict settlement account 0 - 803 + 1,714 - 888 - 1,727 + 7,863 - 1,968 - 1,173 - 806 + 4,107 - 1,194 + 893 - 6,021 TOTAL ASSETS 608,896 34,548 253,493 23,490 32,947 46,460 39,454 64,860 20,424 7,532 17,510 12,941 55,238 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 $ 523 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 $ 263 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,919 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 190 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 20, 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 564,118 31,725 239,713 21,919 30,338 41,016 36,387 61,009 19,103 6,092 16,073 11,660 49,084 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,074 1,067 1,555 422 1,132 931 916 1,265 563 272 519 484 1,948 U.S. Treasury--general account 6,758 0 6,758 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 133 2 110 1 2 7 2 3 1 1 1 1 3 Other 266 0 137 1 1 115 1 1 0 0 6 2 2 Total deposits 18,231 1,068 8,560 424 1,136 1,053 918 1,269 565 273 526 487 1,953 Deferred credit items 8,697 678 918 523 367 806 815 715 303 620 389 338 2,223 Other liabilities and accrued dividends (2) 3,358 210 1,115 151 199 290 275 356 136 72 132 106 318 TOTAL LIABILITIES 594,404 33,682 250,306 23,016 32,040 43,165 38,394 63,348 20,107 7,058 17,119 12,590 53,577 CAPITAL ACCOUNTS Capital paid in 7,133 417 1,461 222 404 1,700 527 724 148 375 191 152 813 Surplus 6,645 358 1,468 228 472 1,594 495 632 138 100 179 188 792 Other capital accounts 715 90 259 24 30 0 37 156 32 0 21 11 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 608,896 34,548 253,493 23,490 32,947 46,460 39,454 64,860 20,424 7,532 17,510 12,941 55,238 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 736,351 35,973 293,886 30,141 35,601 54,484 59,247 69,697 22,465 9,212 20,419 31,914 73,314 Less--Held by F.R. Banks 172,233 4,247 54,172 8,222 5,263 13,468 22,860 8,688 3,362 3,121 4,346 20,254 24,230 F.R. notes, net 564,118 31,725 239,713 21,919 30,338 41,016 36,387 61,009 19,103 6,092 16,073 11,660 49,084 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 2,633 U.S. govt. and agency securities(3) 548,242 Total collateral 564,118 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.