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 February 15, 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 Feb 14, 2001 Feb 7, 2001 Feb 16, 2000 Feb 14, 2001 Reserve Bank Credit 572,674 + 590 + 14,988 574,292 U.S. government securities (1) Bought outright-system account (2,3) 515,909 + 330 + 13,439 514,561 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 110 - 11 - 40 110 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 17,757 - 1,164 - 2,069 17,510 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 24 + 18 - 3 11 Seasonal credit 23 + 4 - 21 24 Extended credit 0 0 0 0 Float 1,570 + 946 + 903 4,491 Other F.R. assets 37,280 + 465 + 2,797 37,585 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,727 + 14 + 3,204 31,727 Total factors supplying reserve funds 617,646 + 603 + 14,189 619,264 Currency in circulation* 581,606 + 1,836 + 15,689 583,268 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 485 + 7 + 339 489 Deposits,other than reserve balances,with F.R.Banks Treasury 5,023 + 174 - 283 6,713 Foreign 79 - 10 - 9 72 Service-related balances and adjustments (5) 6,534 + 87 - 1,359 6,534 Other 323 - 16 + 86 286 Other F.R. liabilities and capital 18,232 + 200 - 563 17,921 Total factors, other than reserve balances, absorbing reserve funds 612,283 + 2,277 + 13,901 615,283 Reserve balances with F.R. Banks (6) 5,363 - 1,674 + 287 3,981 On February 14, 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 $ 704,959 million, a change of $ + 3,191 million for the week. The total includes $ 594,797 million of U.S. government securities and $ 110,162 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 $ 17,362 million (daily average over statement week) and $ 19,936 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,597 million (daily average) and $ 15,181 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,162 million (daily average) and $ 3,739 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 $ 554 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 $ 6,076 million and adjustments of $ 458 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 Feb 14, 2001 Feb 7, 2001 Feb 16, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,120 + 25 + 712 Loans 35 + 4 - 51 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 17,510 - 6,475 - 3,995 Federal agency obligations (2) Bought outright 110 0 - 40 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 179,718 - 3,699 - 19,883 Notes (3) 240,940 + 1,216 + 23,097 Bonds (4) 93,904 + 559 + 8,650 Total bought outright (5) 514,561 - 1,925 + 11,862 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 514,561 - 1,925 + 11,862 Total loans and securities 532,216 - 8,395 + 7,776 Items in process of collection (761) 13,497 + 3,227 + 5,532 Bank premises 1,469 + 1 + 94 Other assets (6) 36,171 + 554 + 5,183 TOTAL ASSETS (761) 597,719 - 4,589 + 15,296 LIABILITIES Federal Reserve notes 553,151 + 1,385 + 14,347 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,925 - 8,022 - 568 U.S. Treasury--general account 6,713 + 2,808 + 1,938 Foreign--official accounts 72 - 24 - 36 Other (0) 286 - 49 + 30 Total deposits (0) 18,996 - 5,287 + 1,364 Deferred availability cash items (761) 7,651 - 702 + 212 Other liabilities and accrued dividends (7) 3,980 - 16 - 736 TOTAL LIABILITIES (761) 583,778 - 4,619 + 15,187 CAPITAL ACCOUNTS Capital paid in 7,012 - 4 + 334 Surplus 6,333 + 34 - 71 Other capital accounts 595 0 - 156 *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 $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,936 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,739 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, February 14, 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 35 22,050 + 4,328 0 0 11,490 0 16 to 90 days 0 112,965 - 2,124 0 0 6,020 0 91 days to 1 year 0 120,844 - 4,780 0 0 ------ ------ Over 1 to 5 years 130,246 + 158 110 0 ------ ------ Over 5 to 10 years 56,749 - 1 0 0 ------ ------ Over 10 years 71,707 + 495 0 0 ------ ------ Total 35 514,561 - 1,925 110 0 17,510 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 554 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 February 14, 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 1,120 61 76 62 75 140 114 140 62 45 79 111 155 Loans 35 3 0 4 0 0 0 10 3 5 1 1 9 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 17,510 0 17,510 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 110 6 42 5 6 6 7 13 4 0 4 3 12 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 179,718 10,317 69,371 7,485 10,057 10,550 11,962 21,497 6,827 757 5,989 5,317 19,587 Notes (3) 240,940 13,832 93,003 10,035 13,483 14,144 16,038 28,820 9,153 1,014 8,029 7,129 26,260 Bonds (4) 93,904 5,391 36,247 3,911 5,255 5,512 6,250 11,232 3,567 395 3,129 2,778 10,235 Total bought outright(5) 514,561 29,540 198,622 21,432 28,795 30,206 34,250 61,549 19,547 2,166 17,148 15,225 56,082 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 514,561 29,540 198,622 21,432 28,795 30,206 34,250 61,549 19,547 2,166 17,148 15,225 56,082 Total loans and securities 532,216 29,549 216,174 21,440 28,802 30,212 34,258 61,572 19,554 2,172 17,152 15,229 56,103 Items in process of collection 14,258 663 1,141 551 412 957 2,780 1,888 801 837 734 689 2,804 Bank premises 1,469 94 167 51 154 128 257 104 35 125 49 138 168 Other assets(5) 36,171 1,847 12,443 1,305 2,115 4,998 2,362 3,552 1,012 721 1,032 1,015 3,767 Interdistrict settlement account 0 + 1,356 +18,167 + 7 + 1,453 + 2,250 - 687 - 3,098 - 1,766 + 73 - 1,736 - 7,795 - 8,221 TOTAL ASSETS 598,480 34,220 253,469 23,913 33,635 39,582 40,051 65,434 20,128 4,160 17,717 9,999 56,172 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 $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,936 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,739 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 February 14, 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 553,151 32,117 239,085 22,391 30,762 34,781 36,949 60,244 18,996 2,339 16,269 8,734 50,484 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,925 472 1,995 440 1,363 803 805 2,591 357 779 520 473 1,328 U.S. Treasury--general account 6,713 0 6,713 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 72 2 48 1 2 7 2 3 1 1 1 1 3 Other 286 0 140 0 2 125 1 1 5 0 7 1 3 Total deposits 18,996 474 8,897 442 1,367 935 808 2,595 362 780 528 474 1,334 Deferred credit items 8,412 619 951 419 315 650 962 751 302 471 381 288 2,303 Other liabilities and accrued dividends (2) 3,980 237 1,339 181 227 286 312 450 168 66 160 148 407 TOTAL LIABILITIES 584,539 33,447 250,272 23,433 32,671 36,651 39,031 64,040 19,829 3,656 17,338 9,643 54,527 CAPITAL ACCOUNTS Capital paid in 7,012 369 1,468 228 457 1,680 488 688 138 372 180 150 793 Surplus 6,333 358 1,468 228 472 1,250 495 632 138 132 179 188 792 Other capital accounts 595 45 262 24 35 0 37 74 22 0 20 17 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 598,480 34,220 253,469 23,913 33,635 39,582 40,051 65,434 20,128 4,160 17,717 9,999 56,172 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 745,878 37,123 298,869 31,339 36,546 51,155 59,584 70,663 22,877 9,410 21,435 31,724 75,152 Less--Held by F.R. Banks 192,727 5,006 59,784 8,948 5,784 16,374 22,634 10,420 3,881 7,072 5,166 22,990 24,668 F.R. notes, net 553,151 32,117 239,085 22,391 30,762 34,781 36,949 60,244 18,996 2,339 16,269 8,734 50,484 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 7,724 U.S. govt. and agency securities(3) 532,181 Total collateral 553,151 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.