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 January 25, 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 Jan 24, 2001 Jan 17, 2001 Jan 26, 2000 Jan 24, 2001 Reserve Bank Credit 577,567 - 270 + 11,826 589,528 U.S. government securities (1) Bought outright-system account (2,3) 516,988 + 700 + 19,410 518,441 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 49 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 22,429 - 1,799 - 6,392 33,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 79 + 75 - 38 4 Seasonal credit 23 - 3 - 4 24 Extended credit 0 0 0 0 Float 1,189 + 441 - 2,176 940 Other F.R. assets 36,730 + 316 + 1,093 36,989 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,261 + 14 + 3,024 31,261 Total factors supplying reserve funds 622,074 - 256 + 10,848 634,035 Currency in circulation* 580,002 - 3,791 + 8,122 579,494 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 445 - 11 + 320 451 Deposits,other than reserve balances,with F.R.Banks Treasury 7,078 + 549 - 127 7,357 Foreign 85 - 21 + 2 69 Service-related balances and adjustments (5) 6,947 + 316 - 822 6,947 Other 267 + 68 + 30 262 Other F.R. liabilities and capital 18,248 - 17 - 243 17,937 Total factors, other than reserve balances, absorbing reserve funds 613,072 - 2,908 + 7,282 612,516 Reserve balances with F.R. Banks (6) 9,002 + 2,651 + 3,566 21,519 On January 24, 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 $ 693,117 million, a change of $ - 3,540 million for the week. The total includes $ 585,653 million of U.S. government securities and $ 107,464 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 $ 15,924 million (daily average over statement week) and $ 15,520 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,924 million (daily average) and $ 15,520 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,945 million (daily average) and $ 2,218 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 555 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 $ 6,075 million and adjustments of $ 872 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 Jan 24, 2001 Jan 17, 2001 Jan 26, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,028 + 41 + 703 Loans 28 + 3 - 170 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 33,000 + 10,480 + 7,895 Federal agency obligations (2) Bought outright 130 0 - 45 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,510 + 500 - 12,601 Notes (3) 240,586 + 739 + 21,574 Bonds (4) 93,345 + 424 + 10,330 Total bought outright (5) 518,441 + 1,663 + 19,303 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 518,441 + 1,663 + 19,303 Total loans and securities 551,598 + 12,145 + 26,981 Items in process of collection (1,084) 8,815 - 6,680 - 8,307 Bank premises 1,463 0 + 97 Other assets (6) 35,555 + 466 + 1,093 TOTAL ASSETS (1,084) 611,706 + 5,972 + 16,566 LIABILITIES Federal Reserve notes 549,711 - 3,618 + 7,904 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 28,678 + 15,054 + 9,184 U.S. Treasury--general account 7,357 - 622 - 1,423 Foreign--official accounts 69 - 34 - 12 Other (0) 262 - 21 + 25 Total deposits (0) 36,366 + 14,376 + 7,774 Deferred availability cash items (1,084) 7,692 - 4,787 + 1,313 Other liabilities and accrued dividends (7) 4,023 - 56 - 442 TOTAL LIABILITIES (1,084) 597,792 + 5,915 + 16,549 CAPITAL ACCOUNTS Capital paid in 7,011 + 11 + 363 Surplus 6,298 + 108 - 134 Other capital accounts 605 - 62 - 213 *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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 431 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,218 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, January 24, 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 28 22,272 + 2,178 0 0 29,000 0 16 to 90 days 0 111,129 - 1,309 0 0 4,000 0 91 days to 1 year 0 124,918 - 369 0 0 ------ ------ Over 1 to 5 years 132,160 + 659 130 0 ------ ------ Over 5 to 10 years 56,750 + 189 0 0 ------ ------ Over 10 years 71,212 + 315 0 0 ------ ------ Total 28 518,441 + 1,663 130 0 33,000 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 555 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 January 24, 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 11,046 535 4,428 414 520 750 802 1,064 359 158 340 514 1,162 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,028 59 73 56 70 130 99 124 53 38 71 102 152 Loans 28 2 0 0 0 0 0 13 2 0 9 1 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 33,000 0 33,000 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 130 7 50 5 7 8 9 16 5 1 4 4 14 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 184,510 10,592 71,221 7,685 10,325 10,831 12,281 22,070 7,009 777 6,149 5,459 20,110 Notes (3) 240,586 13,812 92,867 10,020 13,463 14,123 16,014 28,778 9,139 1,013 8,017 7,118 26,221 Bonds (4) 93,345 5,359 36,031 3,888 5,224 5,480 6,213 11,165 3,546 393 3,111 2,762 10,174 Total bought outright(5) 518,441 29,763 200,119 21,593 29,013 30,434 34,509 62,013 19,694 2,182 17,277 15,339 56,504 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 518,441 29,763 200,119 21,593 29,013 30,434 34,509 62,013 19,694 2,182 17,277 15,339 56,504 Total loans and securities 551,598 29,773 233,169 21,599 29,020 30,441 34,517 62,042 19,701 2,183 17,290 15,344 56,519 Items in process of collection 9,899 489 1,080 530 357 681 816 926 509 569 501 650 2,791 Bank premises 1,463 94 166 51 154 128 251 104 35 126 49 138 167 Other assets(5) 35,555 1,703 12,076 1,252 2,092 5,311 2,313 3,449 1,055 690 1,032 1,080 3,501 Interdistrict settlement account 0 + 2,335 + 7,805 + 362 + 827 + 3,100 + 1,254 - 234 - 1,280 + 245 - 1,406 - 6,827 - 6,181 TOTAL ASSETS 612,790 35,103 259,672 24,346 33,143 40,688 40,219 67,688 20,504 4,039 17,943 11,100 58,344 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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 431 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,218 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 January 24, 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 549,711 31,712 239,446 22,223 30,426 33,443 36,604 59,740 18,835 1,591 16,181 8,303 51,206 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 28,678 1,778 7,086 841 1,128 3,199 1,409 5,482 943 1,345 882 1,828 2,758 U.S. Treasury--general account 7,357 0 7,357 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 69 1 45 1 2 8 2 3 1 1 1 1 3 Other 262 0 131 3 2 111 1 2 6 0 4 1 1 Total deposits 36,366 1,779 14,619 844 1,132 3,318 1,412 5,486 950 1,346 887 1,830 2,762 Deferred credit items 8,776 606 1,035 616 380 759 856 668 246 528 336 423 2,324 Other liabilities and accrued dividends (2) 4,023 244 1,372 182 227 279 309 455 169 69 161 150 404 TOTAL LIABILITIES 598,876 34,343 256,472 23,866 32,165 37,799 39,181 66,350 20,201 3,533 17,564 10,706 56,696 CAPITAL ACCOUNTS Capital paid in 7,011 368 1,468 228 472 1,679 496 633 138 369 179 188 792 Surplus 6,298 358 1,468 228 472 1,210 495 632 138 137 179 188 792 Other capital accounts 605 34 265 25 34 0 46 73 27 0 21 17 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 612,790 35,103 259,672 24,346 33,143 40,688 40,219 67,688 20,504 4,039 17,943 11,100 58,344 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 748,172 37,087 299,374 31,554 36,436 50,861 60,142 70,606 23,009 9,487 21,531 32,012 76,074 Less--Held by F.R. Banks 198,461 5,375 59,928 9,330 6,010 17,418 23,539 10,865 4,174 7,896 5,349 23,708 24,868 F.R. notes, net 549,711 31,712 239,446 22,223 30,426 33,443 36,604 59,740 18,835 1,591 16,181 8,303 51,206 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 536,465 Total collateral 549,711 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.