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 28, 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 27, 2001 Jun 20, 2001 Jun 28, 2000 Jun 27, 2001 Reserve Bank Credit 587,021 - 597 + 27,484 591,413 U.S. government securities (1) Bought outright-system account (2,3) 535,009 + 2,103 + 28,398 535,191 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) 14,931 - 2,355 - 2,547 19,505 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 14 - 43 - 26 10 Seasonal credit 138 + 16 - 323 142 Extended credit 0 0 0 0 Float 177 - 856 - 642 -387 Other F.R. assets 36,742 + 537 + 2,754 36,942 Gold stock 11,044 0 - 3 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,529 + 14 + 2,585 32,529 Total factors supplying reserve funds 632,794 - 583 + 28,066 637,186 Currency in circulation* 593,865 - 50 + 26,280 595,930 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 444 - 19 + 375 444 Deposits,other than reserve balances,with F.R.Banks Treasury 6,748 + 1,554 - 235 6,857 Foreign 79 - 22 - 10 73 Service-related balances and adjustments (5) 7,299 + 95 + 446 7,299 Other 279 - 5 + 81 279 Other F.R. liabilities and capital 18,100 + 35 + 2,479 17,869 Total factors, other than reserve balances, absorbing reserve funds 626,812 + 1,586 + 29,413 628,750 Reserve balances with F.R. Banks (6) 5,982 - 2,169 - 1,347 8,436 On June 27, 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 $ 705,352 million, a change of $ + 1,529 million for the week. The total includes $ 577,286 million of U.S. government securities and $ 128,066 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 $ 17,145 million (daily average over statement week) and $ 16,970 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,145 million (daily average) and $ 16,970 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 673 million (daily average) and $ 1,225 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 $ 795 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 $ 6,814 million and adjustments of $ 485 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 27, 2001 Jun 20, 2001 Jun 28, 2000 ASSETS Gold certificate account 11,044 0 - 3 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,120 - 1 + 441 Loans 152 - 59 - 374 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 19,505 + 5,755 - 3,470 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,211 - 38 - 14,515 Notes (3) 254,225 + 694 + 28,087 Bonds (4) 99,754 + 52 + 13,734 Total bought outright (5) 535,191 + 709 + 27,307 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 535,191 + 709 + 27,307 Total loans and securities 554,858 + 6,405 + 23,333 Items in process of collection (779) 7,888 - 981 - 36 Bank premises 1,505 - 2 + 103 Other assets (6) 35,273 + 480 + 2,491 TOTAL ASSETS (779) 613,887 + 5,901 + 24,328 LIABILITIES Federal Reserve notes 564,964 + 846 + 24,300 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,466 + 5,392 - 3,243 U.S. Treasury--general account 6,857 + 99 + 244 Foreign--official accounts 73 - 60 - 44 Other (-118) 279 + 13 + 88 Total deposits (-118) 23,675 + 5,444 - 2,955 Deferred availability cash items (897) 7,380 - 407 + 428 Other liabilities and accrued dividends (7) 3,305 - 53 - 1,506 TOTAL LIABILITIES (779) 599,324 + 5,830 + 20,267 CAPITAL ACCOUNTS Capital paid in 7,139 + 6 + 274 Surplus 6,671 + 26 + 3,992 Other capital accounts 753 + 38 - 205 *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 $ 528 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 $ 267 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,970 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,225 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 27, 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 146 21,211 + 1,736 0 0 13,505 0 16 to 90 days 6 115,867 - 2,566 0 0 6,000 0 91 days to 1 year 0 123,266 + 792 0 0 ------ ------ Over 1 to 5 years 141,089 + 739 10 0 ------ ------ Over 5 to 10 years 57,526 + 5 0 0 ------ ------ Over 10 years 76,232 + 4 0 0 ------ ------ Total 152 535,191 + 709 10 0 19,505 0 1 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 795 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 27, 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 1,120 79 60 62 72 186 112 131 65 41 71 110 130 Loans 152 0 0 4 0 0 4 34 12 66 27 2 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 19,505 0 19,505 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 181,211 10,888 74,230 7,443 10,609 10,826 12,461 20,524 6,531 565 5,593 3,285 18,257 Notes (3) 254,225 15,274 104,139 10,442 14,884 15,188 17,481 28,793 9,163 793 7,847 4,609 25,613 Bonds (4) 99,754 5,993 40,863 4,097 5,840 5,959 6,859 11,298 3,595 311 3,079 1,808 10,050 Total bought outright(5) 535,191 32,155 219,232 21,982 31,333 31,973 36,801 60,615 19,290 1,670 16,519 9,702 53,919 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 535,191 32,155 219,232 21,982 31,333 31,973 36,801 60,615 19,290 1,670 16,519 9,702 53,919 Total loans and securities 554,858 32,156 238,741 21,987 31,333 31,973 36,806 60,650 19,302 1,736 16,546 9,704 53,923 Items in process of collection 8,667 533 983 530 338 550 954 653 229 501 661 449 2,287 Bank premises 1,505 93 167 50 153 131 286 106 38 125 49 137 171 Other assets(5) 35,273 1,834 12,734 1,292 2,085 4,794 2,319 3,339 947 664 956 793 3,517 Interdistrict settlement account 0 - 1,169 - 3,386 - 837 - 1,026 + 9,355 - 810 - 888 - 391 + 4,553 - 981 + 1,160 - 5,580 TOTAL ASSETS 614,666 34,187 254,623 23,621 33,597 47,877 40,704 65,230 20,604 7,793 17,685 12,927 55,817 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 $ 528 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 $ 267 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,970 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,225 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 27, 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 564,964 31,625 239,853 21,893 30,639 41,226 37,059 60,934 19,246 6,193 16,089 11,556 48,651 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,466 873 2,529 548 1,535 2,276 1,452 1,829 647 486 620 625 3,046 U.S. Treasury--general account 6,857 0 6,857 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 73 2 49 1 2 7 2 3 1 1 1 1 3 Other 161 0 149 0 2 113 -35 1 0 -118 45 1 2 Total deposits 23,557 874 9,585 550 1,539 2,396 1,419 1,832 648 369 666 627 3,052 Deferred credit items 8,277 614 905 561 319 648 863 604 261 684 406 290 2,122 Other liabilities and accrued dividends (2) 3,305 208 1,095 146 192 286 275 347 136 73 128 107 311 TOTAL LIABILITIES 600,103 33,321 251,438 23,149 32,689 44,556 39,616 63,718 20,292 7,318 17,289 12,580 54,137 CAPITAL ACCOUNTS Capital paid in 7,139 417 1,467 222 404 1,700 527 724 148 375 191 152 813 Surplus 6,671 358 1,468 228 472 1,621 495 632 138 100 179 188 792 Other capital accounts 753 91 251 22 32 0 66 156 27 0 26 8 75 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 614,666 34,187 254,623 23,621 33,597 47,877 40,704 65,230 20,604 7,793 17,685 12,927 55,817 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 736,246 35,885 293,742 30,090 35,751 54,545 59,702 69,620 22,468 9,182 20,389 31,791 73,082 Less--Held by F.R. Banks 171,282 4,260 53,889 8,197 5,112 13,319 22,643 8,686 3,222 2,989 4,300 20,235 24,431 F.R. notes, net 564,964 31,625 239,853 21,893 30,639 41,226 37,059 60,934 19,246 6,193 16,089 11,556 48,651 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) 551,721 Total collateral 564,964 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.