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 August 2, 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 Aug 1, 2001 Jul 25, 2001 Aug 2, 2000 Aug 1, 2001 Reserve Bank Credit 596,369 + 563 + 37,525 600,366 U.S. government securities (1) Bought outright-system account (2,3) 536,073 + 251 + 29,625 536,100 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) 22,314 + 471 + 7,559 27,150 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 - 150 - 32 5 Seasonal credit 196 + 3 - 373 187 Extended credit 0 0 0 0 Float -178 - 273 - 1,508 -782 Other F.R. assets 37,949 + 261 + 2,384 37,697 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,674 + 14 + 2,391 32,674 Total factors supplying reserve funds 642,287 + 577 + 37,913 646,284 Currency in circulation* 602,440 + 1,907 + 33,544 604,886 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 418 + 11 + 299 415 Deposits,other than reserve balances,with F.R.Banks Treasury 5,231 + 308 + 125 4,148 Foreign 79 - 28 - 11 72 Service-related balances and adjustments (5) 7,364 - 134 + 811 7,364 Other 306 + 3 + 71 330 Other F.R. liabilities and capital 18,057 + 1 + 2,608 17,635 Total factors, other than reserve balances, absorbing reserve funds 633,894 + 2,067 + 37,444 634,849 Reserve balances with F.R. Banks (6) 8,393 - 1,490 + 469 11,435 On August 1, 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 $ 708,559 million, a change of $ + 2,172 million for the week. The total includes $ 575,758 million of U.S. government securities and $ 132,801 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 $ 18,671 million (daily average over statement week) and $ 18,194 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,671 million (daily average) and $ 18,194 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,291 million (daily average) and $ 3,036 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 $ 880 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 $ 7,073 million and adjustments of $ 290 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 Aug 1, 2001 Jul 25, 2001 Aug 2, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,110 + 18 + 365 Loans 192 - 20 - 414 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,150 - 7,900 + 15,160 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 180,705 + 427 - 10,206 Notes (3) 254,628 - 734 + 25,904 Bonds (4) 100,768 + 16 + 12,881 Total bought outright (5) 536,100 - 292 + 28,578 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 536,100 - 292 + 28,578 Total loans and securities 563,452 - 8,212 + 43,195 Items in process of collection (1,169) 8,360 + 1,200 - 1,108 Bank premises 1,505 - 9 + 87 Other assets (6) 36,035 - 265 + 2,227 TOTAL ASSETS (1,169) 623,706 - 7,267 + 42,764 LIABILITIES Federal Reserve notes 573,736 + 2,928 + 32,827 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,347 - 10,771 + 7,266 U.S. Treasury--general account 4,148 - 569 - 566 Foreign--official accounts 72 - 7 - 2 Other (0) 330 + 39 + 67 Total deposits (0) 23,897 - 11,307 + 6,765 Deferred availability cash items (1,169) 8,438 + 1,332 + 390 Other liabilities and accrued dividends (7) 3,055 - 13 - 1,731 TOTAL LIABILITIES (1,169) 609,126 - 7,060 + 38,252 CAPITAL ACCOUNTS Capital paid in 7,165 + 12 + 283 Surplus 6,725 - 4 + 4,110 Other capital accounts 690 - 215 + 120 *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 $ 564 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 $ 316 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,194 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,036 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, August 1, 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 23 16,958 - 4,124 0 0 21,150 0 16 to 90 days 169 108,398 - 3,016 0 0 6,000 0 91 days to 1 year 0 135,091 + 6,946 0 0 ------ ------ Over 1 to 5 years 144,732 - 117 10 0 ------ ------ Over 5 to 10 years 53,825 + 16 0 0 ------ ------ Over 10 years 77,096 + 4 0 0 ------ ------ Total 192 536,100 - 292 10 0 27,150 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 880 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 August 1, 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 11,044 546 4,450 454 538 741 871 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 1,110 69 58 60 71 183 126 134 61 35 70 111 130 Loans 192 0 2 0 0 2 7 50 13 77 32 6 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,150 0 27,150 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 180,705 10,857 74,023 7,422 10,579 10,795 12,426 20,466 6,513 564 5,577 3,276 18,206 Notes (3) 254,628 15,299 104,304 10,459 14,907 15,212 17,509 28,839 9,178 794 7,859 4,616 25,653 Bonds (4) 100,768 6,054 41,278 4,139 5,899 6,020 6,929 11,413 3,632 314 3,110 1,827 10,152 Total bought outright(5) 536,100 32,210 219,604 22,020 31,386 32,027 36,864 60,718 19,323 1,673 16,547 9,719 54,011 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 536,100 32,210 219,604 22,020 31,386 32,027 36,864 60,718 19,323 1,673 16,547 9,719 54,011 Total loans and securities 563,452 32,211 246,761 22,020 31,386 32,029 36,872 60,769 19,336 1,750 16,579 9,725 54,015 Items in process of collection 9,529 629 1,299 499 419 840 711 603 388 579 564 356 2,641 Bank premises 1,505 93 167 50 153 132 285 106 38 124 49 137 172 Other assets(5) 36,035 1,879 13,084 1,284 2,131 4,842 2,381 3,419 976 666 980 805 3,587 Interdistrict settlement account 0 - 449 - 5,542 - 1,073 - 1,927 + 9,515 + 1,181 + 2,460 - 584 + 4,342 - 1,043 + 1,594 - 8,476 TOTAL ASSETS 624,875 35,093 261,151 23,378 32,877 48,429 42,593 68,731 20,629 7,669 17,582 13,303 53,439 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 $ 564 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 $ 316 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,194 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,036 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 August 1, 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 573,736 32,117 245,034 21,717 30,117 42,383 39,499 62,999 19,351 6,143 15,928 11,766 46,681 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,347 1,224 6,495 546 1,182 1,380 839 3,091 529 410 671 734 2,246 U.S. Treasury--general account 4,148 0 4,148 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 72 2 49 1 2 7 2 3 1 1 1 1 3 Other 330 8 131 1 1 171 1 12 1 1 2 1 2 Total deposits 23,897 1,234 10,822 548 1,185 1,558 842 3,106 530 412 673 736 2,251 Deferred credit items 9,607 694 1,108 509 489 845 904 790 307 582 470 350 2,558 Other liabilities and accrued dividends (2) 3,055 188 1,037 138 179 238 256 331 128 62 122 97 280 TOTAL LIABILITIES 610,295 34,233 258,001 22,911 31,970 45,025 41,501 67,226 20,317 7,198 17,193 12,948 51,770 CAPITAL ACCOUNTS Capital paid in 7,165 417 1,467 221 411 1,700 537 728 148 375 188 160 813 Surplus 6,725 358 1,468 228 472 1,679 495 632 138 96 179 188 792 Other capital accounts 690 85 215 17 24 26 60 145 26 0 22 7 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 624,875 35,093 261,151 23,378 32,877 48,429 42,593 68,731 20,629 7,669 17,582 13,303 53,439 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 738,363 36,107 291,797 29,730 35,520 55,181 62,412 71,390 22,869 9,083 20,063 31,989 72,221 Less--Held by F.R. Banks 164,627 3,990 46,763 8,014 5,403 12,798 22,913 8,390 3,518 2,940 4,134 20,224 25,540 F.R. notes, net 573,736 32,117 245,034 21,717 30,117 42,383 39,499 62,999 19,351 6,143 15,928 11,766 46,681 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 560,492 Total collateral 573,736 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.