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 March 8, 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 Mar 7, 2001 Feb 28, 2001 Mar 8, 2000 Mar 7, 2001 Reserve Bank Credit 577,776 + 2,628 + 22,940 579,011 U.S. government securities (1) Bought outright-system account (2,3) 521,674 + 935 + 19,527 523,051 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 140 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 20,074 + 2,389 + 338 20,940 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 78 + 6 + 23 101 Seasonal credit 21 + 4 - 43 20 Extended credit 0 0 0 0 Float 1,236 - 614 + 1,189 -94 Other F.R. assets 34,683 - 91 + 2,062 34,983 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,769 + 14 + 2,946 31,769 Total factors supplying reserve funds 622,790 + 2,642 + 21,883 624,025 Currency in circulation* 584,131 + 412 + 20,256 585,806 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 505 + 16 + 346 506 Deposits,other than reserve balances,with F.R.Banks Treasury 4,959 + 91 - 399 5,067 Foreign 87 - 13 + 10 97 Service-related balances and adjustments (5) 6,726 + 78 - 73 6,726 Other 251 - 39 + 17 241 Other F.R. liabilities and capital 18,173 - 73 - 748 18,000 Total factors, other than reserve balances, absorbing reserve funds 614,832 + 471 + 19,409 616,443 Reserve balances with F.R. Banks (6) 7,958 + 2,171 + 2,475 7,582 On March 7, 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 $ 711,723 million, a change of $ + 533 million for the week. The total includes $ 602,650 million of U.S. government securities and $ 109,073 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 $ 17,695 million (daily average over statement week) and $ 17,663 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,695 million (daily average) and $ 17,663 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,226 million (daily average) and $ 1,166 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 $ 561 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 $ 6,118 million and adjustments of $ 608 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 Mar 7, 2001 Feb 28, 2001 Mar 8, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,117 + 2 + 686 Loans 122 + 104 + 14 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,940 - 2,725 - 3,120 Federal agency obligations (2) Bought outright 10 0 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,713 + 1,715 - 14,299 Notes (3) 243,039 + 1,247 + 25,194 Bonds (4) 95,299 + 472 + 10,044 Total bought outright (5) 523,051 + 3,433 + 20,939 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 523,051 + 3,433 + 20,939 Total loans and securities 544,123 + 812 + 17,693 Items in process of collection (1,055) 9,042 + 23 + 1,323 Bank premises 1,477 + 1 + 95 Other assets (6) 33,462 + 543 + 2,100 TOTAL ASSETS (1,055) 602,465 + 1,379 + 17,894 LIABILITIES Federal Reserve notes 555,660 + 998 + 18,925 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,237 + 98 - 554 U.S. Treasury--general account 5,067 + 111 - 289 Foreign--official accounts 97 - 99 + 12 Other (0) 241 - 136 + 49 Total deposits (0) 20,642 - 25 - 783 Deferred availability cash items (1,055) 8,163 + 248 + 614 Other liabilities and accrued dividends (7) 3,947 + 16 - 979 TOTAL LIABILITIES (1,055) 588,412 + 1,237 + 17,777 CAPITAL ACCOUNTS Capital paid in 7,036 + 13 + 330 Surplus 6,387 + 32 - 44 Other capital accounts 630 + 96 - 169 *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 $ 436 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 $ 125 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,663 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,166 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, March 7, 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 114 15,427 + 2,977 0 0 14,945 0 16 to 90 days 8 120,798 + 4,154 0 0 5,995 0 91 days to 1 year 0 123,424 - 5,351 0 0 ------ ------ Over 1 to 5 years 135,442 + 1,174 10 0 ------ ------ Over 5 to 10 years 54,899 + 6 0 0 ------ ------ Over 10 years 73,060 + 471 0 0 ------ ------ Total 122 523,051 + 3,433 10 0 20,940 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 561 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 March 7, 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 1,117 66 78 65 74 152 98 143 63 46 76 108 147 Loans 122 100 0 0 1 0 0 5 11 2 1 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,940 0 20,940 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 184,713 10,604 71,300 7,693 10,337 10,843 12,295 22,094 7,017 778 6,155 5,465 20,132 Notes (3) 243,039 13,952 93,814 10,123 13,601 14,267 16,177 29,071 9,232 1,023 8,099 7,191 26,489 Bonds (4) 95,299 5,471 36,785 3,969 5,333 5,594 6,343 11,399 3,620 401 3,176 2,820 10,387 Total bought outright(5) 523,051 30,027 201,899 21,785 29,270 30,704 34,816 62,565 19,869 2,202 17,430 15,476 57,007 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 523,051 30,027 201,899 21,785 29,270 30,704 34,816 62,565 19,869 2,202 17,430 15,476 57,007 Total loans and securities 544,123 30,128 222,843 21,786 29,272 30,705 34,816 62,571 19,881 2,204 17,432 15,476 57,009 Items in process of collection 10,097 536 1,346 400 345 878 841 681 549 918 668 317 2,618 Bank premises 1,477 93 167 50 154 129 263 104 35 125 49 138 169 Other assets(5) 33,462 1,685 11,414 1,265 1,958 4,799 2,173 3,216 900 698 941 934 3,479 Interdistrict settlement account 0 + 1,814 +11,948 - 276 + 643 + 4,102 + 1,033 - 2,593 - 1,666 + 1,306 - 1,619 - 6,880 - 7,813 TOTAL ASSETS 603,520 34,972 253,097 23,788 33,070 41,663 40,193 65,397 20,192 5,485 17,953 10,704 57,006 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 $ 436 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 $ 125 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,663 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,166 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 March 7, 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 555,660 32,130 238,682 22,278 30,538 36,084 36,693 60,688 18,951 3,776 16,275 9,151 50,413 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,237 1,250 3,608 469 963 1,372 1,151 2,159 490 567 642 682 1,884 U.S. Treasury--general account 5,067 0 5,067 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 97 2 74 1 2 7 2 3 1 1 1 1 3 Other 241 2 136 0 0 77 1 1 1 2 11 1 8 Total deposits 20,642 1,253 8,885 471 966 1,456 1,154 2,163 491 570 654 683 1,896 Deferred credit items 9,218 537 1,059 372 377 845 1,019 659 285 569 483 365 2,648 Other liabilities and accrued dividends (2) 3,947 235 1,321 176 231 289 305 442 165 69 156 149 409 TOTAL LIABILITIES 589,468 34,156 249,946 23,297 32,111 38,674 39,171 63,951 19,893 4,984 17,568 10,348 55,366 CAPITAL ACCOUNTS Capital paid in 7,036 416 1,446 228 453 1,682 489 695 138 372 180 150 788 Surplus 6,387 358 1,468 228 472 1,307 495 632 138 129 179 188 792 Other capital accounts 630 42 237 35 34 0 37 119 22 0 25 18 60 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 603,520 34,972 253,097 23,788 33,070 41,663 40,193 65,397 20,192 5,485 17,953 10,704 57,006 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 744,056 36,717 297,652 31,051 36,273 51,800 59,567 70,619 22,962 9,417 21,234 31,850 74,914 Less--Held by F.R. Banks 188,396 4,586 58,970 8,773 5,735 15,716 22,873 9,931 4,011 5,641 4,960 22,699 24,501 F.R. notes, net 555,660 32,130 238,682 22,278 30,538 36,084 36,693 60,688 18,951 3,776 16,275 9,151 50,413 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) 542,414 Total collateral 555,660 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.