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 August 30, 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 Aug 29, 2001 Aug 22, 2001 Aug 30, 2000 Aug 29, 2001 Reserve Bank Credit 600,643 - 527 + 43,844 603,567 U.S. government securities (1) Bought outright-system account (2,3) 541,874 + 1,053 + 30,727 542,873 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) 22,505 - 2,048 + 11,744 24,755 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 37 + 27 - 17 138 Seasonal credit 139 - 25 - 447 136 Extended credit 0 0 0 0 Float -30 + 39 - 522 -224 Other F.R. assets 36,108 + 428 + 2,489 35,879 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,782 + 14 + 2,272 32,782 Total factors supplying reserve funds 646,668 - 513 + 44,113 649,592 Currency in circulation* 608,447 + 1,216 + 39,657 611,109 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 410 - 2 + 249 416 Deposits,other than reserve balances,with F.R.Banks Treasury 5,001 - 312 - 244 4,675 Foreign 106 + 34 + 29 151 Service-related balances and adjustments (5) 7,723 + 237 + 1,030 7,723 Other 291 - 14 + 86 282 Other F.R. liabilities and capital 18,117 - 346 + 2,816 17,848 Total factors, other than reserve balances, absorbing reserve funds 640,095 + 812 + 43,623 642,205 Reserve balances with F.R. Banks (6) 6,574 - 1,324 + 491 7,387 On August 29, 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 $ 716,704 million, a change of $ - 2,382 million for the week. The total includes $ 586,569 million of U.S. government securities and $ 130,135 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 $ 17,571 million (daily average over statement week) and $ 17,087 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,571 million (daily average) and $ 17,087 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,766 million (daily average) and $ 2,104 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 896 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 $ 7,237 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 Aug 29, 2001 Aug 22, 2001 Aug 30, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,106 - 17 + 346 Loans 274 + 105 - 332 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 24,755 - 9,510 + 12,820 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,710 + 724 - 4,550 Notes (3) 257,099 + 1,320 + 23,443 Bonds (4) 101,064 + 51 + 10,885 Total bought outright (5) 542,873 + 2,095 + 29,778 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 542,873 + 2,095 + 29,778 Total loans and securities 567,911 - 7,311 + 42,135 Items in process of collection (902) 6,619 - 222 - 492 Bank premises 1,512 0 + 100 Other assets (6) 34,769 + 495 + 2,315 TOTAL ASSETS (902) 625,160 - 7,056 + 42,401 LIABILITIES Federal Reserve notes 579,849 + 2,120 + 38,489 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,526 - 8,533 + 2,015 U.S. Treasury--general account 4,675 - 440 - 1,273 Foreign--official accounts 151 + 76 + 52 Other (0) 282 - 3 + 80 Total deposits (0) 20,634 - 8,900 + 873 Deferred availability cash items (902) 6,829 - 200 + 105 Other liabilities and accrued dividends (7) 3,055 - 13 - 1,319 TOTAL LIABILITIES (902) 610,367 - 6,992 + 38,148 CAPITAL ACCOUNTS Capital paid in 7,190 + 21 + 334 Surplus 6,747 - 3 + 4,068 Other capital accounts 855 - 83 - 150 *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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 574 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 322 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,087 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,104 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, August 29, 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 266 23,583 + 414 0 0 18,750 0 16 to 90 days 8 111,288 - 82 0 0 6,005 0 91 days to 1 year 0 132,942 + 393 0 0 ------ ------ Over 1 to 5 years 141,985 + 810 10 0 ------ ------ Over 5 to 10 years 55,433 + 559 0 0 ------ ------ Over 10 years 77,642 + 1 0 0 ------ ------ Total 274 542,873 + 2,095 10 0 24,755 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 896 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 August 29, 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 1,106 61 59 59 70 177 131 136 57 33 70 112 139 Loans 274 0 0 100 33 0 7 40 6 56 21 5 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 24,755 0 24,755 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 184,710 11,098 75,663 7,587 10,814 11,035 12,701 20,920 6,658 576 5,701 3,348 18,609 Notes (3) 257,099 15,447 105,316 10,560 15,052 15,359 17,679 29,118 9,267 802 7,935 4,661 25,902 Bonds (4) 101,064 6,072 41,399 4,151 5,917 6,038 6,949 11,446 3,643 315 3,119 1,832 10,182 Total bought outright(5) 542,873 32,617 222,379 22,298 31,782 32,431 37,330 61,485 19,567 1,694 16,756 9,841 54,693 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 542,873 32,617 222,379 22,298 31,782 32,431 37,330 61,485 19,567 1,694 16,756 9,841 54,693 Total loans and securities 567,911 32,618 247,138 22,398 31,816 32,432 37,337 61,526 19,573 1,750 16,777 9,847 54,699 Items in process of collection 7,521 550 764 416 272 567 686 601 284 518 452 317 2,096 Bank premises 1,512 93 169 49 153 132 285 107 40 124 49 137 173 Other assets(5) 34,769 1,798 12,486 1,202 2,062 4,859 2,298 3,263 922 687 941 785 3,465 Interdistrict settlement account 0 - 1,595 - 6,709 - 1,468 - 2,479 +11,726 + 1,475 + 3,584 - 718 + 4,031 - 695 + 1,607 - 8,761 TOTAL ASSETS 626,062 34,185 259,230 23,193 32,536 50,783 43,250 70,457 20,572 7,316 17,978 13,380 53,182 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 574 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 322 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,087 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,104 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 August 29, 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 579,849 31,884 247,575 21,779 29,756 43,653 40,041 64,580 19,285 6,007 16,376 12,119 46,794 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,526 686 1,642 379 1,035 2,708 1,152 3,376 640 431 662 510 2,304 U.S. Treasury--general account 4,675 0 4,675 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 151 2 128 1 2 7 2 3 1 1 1 1 3 Other 282 3 131 0 2 131 2 1 1 0 7 1 2 Total deposits 20,634 690 6,577 380 1,039 2,847 1,157 3,380 642 433 670 512 2,309 Deferred credit items 7,731 557 883 428 350 621 695 645 202 519 420 292 2,117 Other liabilities and accrued dividends (2) 3,055 187 1,023 137 184 243 253 326 130 65 122 100 285 TOTAL LIABILITIES 611,269 33,319 256,058 22,725 31,329 47,364 42,146 68,931 20,259 7,024 17,587 13,023 51,504 CAPITAL ACCOUNTS Capital paid in 7,190 421 1,467 221 611 1,703 537 737 149 174 188 162 820 Surplus 6,747 358 1,468 228 472 1,679 495 632 138 118 179 188 792 Other capital accounts 855 87 238 19 124 37 72 157 27 0 24 7 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 626,062 34,185 259,230 23,193 32,536 50,783 43,250 70,457 20,572 7,316 17,978 13,380 53,182 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 739,484 36,102 290,128 29,374 35,541 55,676 63,794 72,593 22,996 9,028 20,309 32,283 71,660 Less--Held by F.R. Banks 159,635 4,218 42,554 7,595 5,785 12,023 23,753 8,012 3,711 3,021 3,933 20,164 24,866 F.R. notes, net 579,849 31,884 247,575 21,779 29,756 43,653 40,041 64,580 19,285 6,007 16,376 12,119 46,794 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) 566,605 Total collateral 579,849 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.