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 September 27, 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 Sep 26, 2001 Sep 19, 2001 Sep 27, 2000 Sep 26, 2001 Reserve Bank Credit 611,281 - 60,699 + 52,489 614,782 U.S. government securities (1) Bought outright-system account (2,3) 530,998 + 7,639 + 19,845 526,817 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 120 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 39,333 - 35,963 + 27,908 51,290 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 1,065 - 437 + 1,047 20 Seasonal credit 67 - 28 - 331 75 Extended credit 0 0 0 0 Float 2,029 - 25,588 + 1,352 -1,437 Other F.R. assets 37,778 - 6,323 + 2,787 38,007 Gold stock 11,043 0 - 3 11,043 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 32,838 + 14 + 2,079 32,838 Total factors supplying reserve funds 657,362 - 60,685 + 53,565 660,863 Currency in circulation* 612,802 - 2,383 + 44,453 613,429 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 429 + 3 + 252 422 Deposits,other than reserve balances,with F.R.Banks Treasury 8,462 + 2,171 + 1,105 9,668 Foreign 605 + 448 + 528 635 Service-related balances and adjustments (5) 8,140 + 432 + 1,246 8,140 Other 298 - 84 + 56 237 Other F.R. liabilities and capital 18,787 - 1,873 + 3,454 17,760 Total factors, other than reserve balances, absorbing reserve funds 649,523 - 1,286 + 51,094 650,291 Reserve balances with F.R. Banks (6) 7,838 - 59,400 + 2,469 10,572 On September 26, 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 $ 730,198 million, a change of $ + 2,402 million for the week. The total includes $ 602,300 million of U.S. government securities and $ 127,898 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 $ 28,571 million (daily average over statement week) and $ 32,821 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 28,571 million (daily average) and $ 32,821 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,926 million (daily average) and $ 6,506 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 $ 874 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 $ 7,649 million and adjustments of $ 491 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 Sep 26, 2001 Sep 19, 2001 Sep 27, 2000 ASSETS Gold certificate account 11,043 0 - 3 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,116 + 14 + 326 Loans 95 - 2,578 - 319 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 51,290 + 11,690 + 39,120 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 167,782 + 200 - 17,634 Notes (3) 257,032 - 4 + 21,308 Bonds (4) 102,003 - 2 + 10,671 Total bought outright (5) 526,817 + 193 + 14,345 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 526,817 + 193 + 14,345 Total loans and securities 578,212 + 9,305 + 53,026 Items in process of collection (1,017) 7,893 - 4,540 + 821 Bank premises 1,510 0 + 85 Other assets (6) 36,344 + 349 + 1,941 TOTAL ASSETS (1,017) 638,318 + 5,128 + 55,195 LIABILITIES Federal Reserve notes 582,129 - 1,881 + 42,243 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,527 + 5,386 + 7,500 U.S. Treasury--general account 9,668 + 4,255 + 1,682 Foreign--official accounts 635 + 377 + 560 Other (0) 237 - 51 + 48 Total deposits (0) 31,067 + 9,966 + 9,791 Deferred availability cash items (1,017) 7,363 - 645 + 436 Other liabilities and accrued dividends (7) 2,944 - 1,631 - 1,394 TOTAL LIABILITIES (1,017) 623,502 + 5,808 + 51,075 CAPITAL ACCOUNTS Capital paid in 7,208 + 6 + 259 Surplus 6,760 - 4 + 4,081 Other capital accounts 848 - 682 - 219 *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 $ 560 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 $ 314 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 32,821 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,506 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, September 26, 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 92 21,870 + 1,187 0 0 43,785 0 16 to 90 days 3 98,372 - 269 0 0 7,505 0 91 days to 1 year 0 130,118 - 718 0 0 ------ ------ Over 1 to 5 years 142,304 0 10 0 ------ ------ Over 5 to 10 years 55,572 - 4 0 0 ------ ------ Over 10 years 78,581 - 3 0 0 ------ ------ Total 95 526,817 + 193 10 0 51,290 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 874 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 September 26, 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 11,043 546 4,449 454 538 741 871 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 1,116 57 65 52 68 183 134 133 59 34 72 118 141 Loans 95 3 0 0 0 0 7 23 5 27 16 3 11 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 51,290 0 51,290 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 167,782 10,081 68,729 6,891 9,823 10,023 11,537 19,003 6,047 523 5,179 3,042 16,904 Notes (3) 257,032 15,443 105,289 10,557 15,048 15,355 17,674 29,111 9,264 802 7,933 4,660 25,895 Bonds (4) 102,003 6,129 41,784 4,190 5,972 6,094 7,014 11,553 3,677 318 3,148 1,849 10,277 Total bought outright(5) 526,817 31,652 215,802 21,638 30,842 31,472 36,226 59,666 18,988 1,644 16,260 9,550 53,076 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 526,817 31,652 215,802 21,638 30,842 31,472 36,226 59,666 18,988 1,644 16,260 9,550 53,076 Total loans and securities 578,212 31,656 267,096 21,639 30,843 31,473 36,233 59,690 18,993 1,670 16,277 9,553 53,088 Items in process of collection 8,910 541 808 466 305 545 643 832 516 519 594 661 2,480 Bank premises 1,510 93 169 49 152 132 285 106 40 124 49 137 173 Other assets(5) 36,344 1,882 13,086 1,317 2,151 4,995 2,396 3,436 971 694 984 812 3,619 Interdistrict settlement account 0 + 30 -23,072 - 851 - 1,124 +14,717 + 2,560 + 6,500 + 859 + 4,327 + 672 + 2,761 - 7,379 TOTAL ASSETS 639,335 34,919 263,475 23,208 33,038 52,933 43,289 71,938 21,851 7,541 19,031 14,618 53,493 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 $ 560 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 $ 314 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 32,821 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,506 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 September 26, 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 582,129 31,990 243,001 21,176 30,365 45,016 40,217 66,326 20,207 6,293 17,480 13,085 46,973 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,527 1,363 4,928 900 895 3,594 875 3,089 941 404 643 747 2,148 U.S. Treasury--general account 9,668 0 9,668 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 635 2 612 1 2 7 2 3 1 1 1 1 3 Other 237 1 178 0 2 41 1 1 1 0 2 4 6 Total deposits 31,067 1,366 15,385 902 899 3,643 877 3,093 942 405 646 752 2,157 Deferred credit items 8,380 514 964 532 344 618 843 683 266 477 401 328 2,410 Other liabilities and accrued dividends (2) 2,944 184 971 134 173 243 251 315 125 62 118 97 271 TOTAL LIABILITIES 624,519 34,054 260,321 22,744 31,781 49,520 42,188 70,418 21,541 7,236 18,645 14,262 51,811 CAPITAL ACCOUNTS Capital paid in 7,208 421 1,469 221 619 1,704 538 738 149 174 188 162 825 Surplus 6,760 358 1,468 228 472 1,679 495 632 138 131 179 188 792 Other capital accounts 848 85 218 15 167 31 68 151 23 0 19 6 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 639,335 34,919 263,475 23,208 33,038 52,933 43,289 71,938 21,851 7,541 19,031 14,618 53,493 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 741,775 36,413 288,347 29,015 35,972 56,171 64,583 73,725 23,541 8,969 21,063 32,921 71,055 Less--Held by F.R. Banks 159,646 4,423 45,346 7,839 5,607 11,155 24,367 7,399 3,334 2,676 3,583 19,835 24,082 F.R. notes, net 582,129 31,990 243,001 21,176 30,365 45,016 40,217 66,326 20,207 6,293 17,480 13,085 46,973 Collateral held against F.R. notes Gold certificate account 11,043 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 568,885 Total collateral 582,129 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.