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 June 7, 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 Jun 6, 2001 May 30, 2001 Jun 7, 2000 Jun 6, 2001 Reserve Bank Credit 587,753 - 2,822 + 30,477 585,322 U.S. government securities (1) Bought outright-system account (2,3) 527,940 - 1,228 + 21,514 527,124 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) 24,054 - 2,480 + 7,094 19,050 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 120 + 98 - 119 12 Seasonal credit 95 + 9 - 230 101 Extended credit 0 0 0 0 Float 467 + 970 - 227 3,681 Other F.R. assets 35,068 - 191 + 2,576 35,343 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,397 + 14 + 2,557 32,397 Total factors supplying reserve funds 633,396 - 2,807 + 30,033 630,964 Currency in circulation* 595,040 + 220 + 25,574 595,567 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 506 - 4 + 374 483 Deposits,other than reserve balances,with F.R.Banks Treasury 4,796 - 352 + 140 5,926 Foreign 83 - 65 0 82 Service-related balances and adjustments (5) 7,043 + 164 - 48 7,042 Other 332 + 38 + 72 327 Other F.R. liabilities and capital 17,909 - 51 + 2,233 17,667 Total factors, other than reserve balances, absorbing reserve funds 625,710 - 49 + 28,346 627,095 Reserve balances with F.R. Banks (6) 7,685 - 2,760 + 1,686 3,870 On June 6, 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 $ 709,699 million, a change of $ + 2,692 million for the week. The total includes $ 578,443 million of U.S. government securities and $ 131,256 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 $ 18,030 million (daily average over statement week) and $ 20,637 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,538 million (daily average) and $ 17,192 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,793 million (daily average) and $ 890 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 730 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 $ 6,777 million and adjustments of $ 265 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 Jun 6, 2001 May 30, 2001 Jun 7, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,074 + 4 + 438 Loans 114 + 24 - 231 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 19,050 - 23,330 + 1,430 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 177,467 - 1,319 - 20,048 Notes (3) 251,419 - 938 + 27,786 Bonds (4) 98,238 + 8 + 13,447 Total bought outright (5) 527,124 - 2,248 + 21,185 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 527,124 - 2,248 + 21,185 Total loans and securities 546,298 - 25,555 + 22,254 Items in process of collection (1,214) 11,706 + 1,094 + 2,931 Bank premises 1,504 + 5 + 103 Other assets (6) 33,607 - 206 + 2,262 TOTAL ASSETS (1,214) 607,435 - 24,659 + 24,986 LIABILITIES Federal Reserve notes 564,727 - 915 + 23,922 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 10,259 - 23,736 - 2,737 U.S. Treasury--general account 5,926 + 1,625 + 895 Foreign--official accounts 82 + 10 - 4 Other (1) 327 + 32 + 83 Total deposits (1) 16,594 - 22,070 - 1,763 Deferred availability cash items (1,213) 8,447 - 1,603 + 421 Other liabilities and accrued dividends (7) 3,370 - 20 - 1,517 TOTAL LIABILITIES (1,214) 593,138 - 24,608 + 21,062 CAPITAL ACCOUNTS Capital paid in 7,061 - 8 + 272 Surplus 6,584 + 18 + 3,905 Other capital accounts 653 - 59 - 252 *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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 511 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 218 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,637 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 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, June 6, 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 26 15,867 - 2,741 0 0 13,050 0 16 to 90 days 88 118,440 + 1,973 0 0 6,000 0 91 days to 1 year 0 120,883 + 496 0 0 ------ ------ Over 1 to 5 years 139,659 - 1,982 10 0 ------ ------ Over 5 to 10 years 57,511 + 4 0 0 ------ ------ Over 10 years 74,764 + 2 0 0 ------ ------ Total 114 527,124 - 2,248 10 0 19,050 0 1 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 730 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 June 6, 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 11,046 546 4,452 454 538 741 871 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 1,074 79 68 61 66 175 99 123 61 42 71 105 125 Loans 114 0 0 0 0 0 0 34 15 38 22 0 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 19,050 0 19,050 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 177,467 10,663 72,696 7,289 10,390 10,602 12,203 20,100 6,396 554 5,478 3,217 17,879 Notes (3) 251,419 15,106 102,990 10,327 14,719 15,020 17,288 28,475 9,062 784 7,760 4,558 25,330 Bonds (4) 98,238 5,902 40,242 4,035 5,751 5,869 6,755 11,126 3,541 306 3,032 1,781 9,897 Total bought outright(5) 527,124 31,671 215,928 21,651 30,860 31,491 36,247 59,701 18,999 1,645 16,270 9,556 53,107 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 527,124 31,671 215,928 21,651 30,860 31,491 36,247 59,701 18,999 1,645 16,270 9,556 53,107 Total loans and securities 546,298 31,672 234,982 21,651 30,861 31,491 36,247 59,736 19,015 1,683 16,293 9,556 53,111 Items in process of collection 12,920 864 1,460 1,186 659 768 1,241 1,104 597 623 785 680 2,953 Bank premises 1,504 93 167 50 153 130 286 105 37 125 49 137 171 Other assets(5) 33,607 1,739 12,034 1,163 1,995 4,719 2,213 3,155 893 665 908 766 3,358 Interdistrict settlement account 0 - 162 - 798 - 780 - 1,506 + 8,079 - 1,859 - 660 - 676 + 3,710 - 515 + 636 - 5,468 TOTAL ASSETS 608,649 34,945 253,238 23,867 32,871 46,250 39,265 64,802 20,341 7,021 17,975 12,456 55,620 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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 511 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 218 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,637 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 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 June 6, 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 564,727 32,324 239,803 22,163 30,370 41,040 36,168 60,839 19,204 5,676 16,441 11,123 49,577 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 10,259 765 1,999 511 884 792 809 1,310 394 258 556 449 1,535 U.S. Treasury--general account 5,926 0 5,926 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 82 2 58 1 2 7 2 3 1 1 1 1 3 Other 328 1 139 0 1 160 0 3 0 2 8 1 13 Total deposits 16,595 767 8,122 512 886 959 811 1,316 395 261 564 451 1,551 Deferred credit items 9,660 789 1,021 571 512 738 989 783 294 538 456 432 2,537 Other liabilities and accrued dividends (2) 3,370 209 1,128 151 197 285 272 359 137 71 128 103 330 TOTAL LIABILITIES 594,352 34,089 250,075 23,397 31,966 43,023 38,240 63,297 20,030 6,546 17,589 12,108 53,994 CAPITAL ACCOUNTS Capital paid in 7,061 417 1,457 222 404 1,695 496 724 145 374 184 152 791 Surplus 6,584 358 1,468 228 472 1,533 495 632 138 101 179 188 792 Other capital accounts 653 82 238 20 29 0 34 150 28 0 22 8 42 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 608,649 34,945 253,238 23,867 32,871 46,250 39,265 64,802 20,341 7,021 17,975 12,456 55,620 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 736,621 36,372 294,938 30,188 35,399 54,213 58,737 69,560 22,530 9,218 20,583 31,710 73,174 Less--Held by F.R. Banks 171,894 4,048 55,135 8,025 5,028 13,173 22,570 8,720 3,326 3,542 4,142 20,587 23,597 F.R. notes, net 564,727 32,324 239,803 22,163 30,370 41,040 36,168 60,839 19,204 5,676 16,441 11,123 49,577 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 5,297 U.S. govt. and agency securities(3) 546,184 Total collateral 564,727 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.