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 July 19, 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 Jul 18, 2001 Jul 11, 2001 Jul 19, 2000 Jul 18, 2001 Reserve Bank Credit 591,877 + 668 + 33,572 592,577 U.S. government securities (1) Bought outright-system account (2,3) 534,240 + 1,473 + 27,193 536,102 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) 19,729 - 965 + 4,856 16,850 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 164 + 14 + 133 270 Seasonal credit 176 + 15 - 329 191 Extended credit 0 0 0 0 Float 380 - 462 - 209 1,777 Other F.R. assets 37,179 + 594 + 2,060 37,377 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,646 + 14 + 2,462 32,646 Total factors supplying reserve funds 637,767 + 682 + 34,032 638,467 Currency in circulation* 601,037 - 399 + 30,517 601,782 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 412 - 27 + 343 406 Deposits,other than reserve balances,with F.R.Banks Treasury 4,937 + 141 - 396 5,619 Foreign 75 - 2 - 23 70 Service-related balances and adjustments (5) 7,083 - 201 + 488 7,083 Other 325 + 42 + 76 321 Other F.R. liabilities and capital 17,927 + 346 + 2,588 17,690 Total factors, other than reserve balances, absorbing reserve funds 631,798 - 98 + 33,594 632,970 Reserve balances with F.R. Banks (6) 5,969 + 780 + 437 5,497 On July 18, 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 $ 705,355 million, a change of $ - 4,001 million for the week. The total includes $ 577,317 million of U.S. government securities and $ 128,038 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 $ 19,308 million (daily average over statement week) and $ 18,405 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,308 million (daily average) and $ 18,405 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,224 million (daily average) and $ 1,597 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 $ 860 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 $ 6,875 million and adjustments of $ 209 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 Jul 18, 2001 Jul 11, 2001 Jul 19, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,079 + 16 + 391 Loans 461 + 272 - 176 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 16,850 - 10,650 + 2,840 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 179,999 + 395 - 12,175 Notes (3) 255,355 + 2,790 + 27,742 Bonds (4) 100,748 + 100 + 13,443 Total bought outright (5) 536,102 + 3,284 + 29,009 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 536,102 + 3,284 + 29,009 Total loans and securities 553,423 - 7,094 + 31,544 Items in process of collection (923) 9,475 + 1,448 + 1,471 Bank premises 1,513 + 1 + 100 Other assets (6) 35,701 + 303 + 1,823 TOTAL ASSETS (923) 614,436 - 5,325 + 33,328 LIABILITIES Federal Reserve notes 570,621 - 184 + 29,593 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,458 - 5,435 + 809 U.S. Treasury--general account 5,619 + 175 - 303 Foreign--official accounts 70 - 11 - 78 Other (0) 321 + 62 + 96 Total deposits (0) 18,467 - 5,210 + 522 Deferred availability cash items (923) 7,658 + 165 + 488 Other liabilities and accrued dividends (7) 3,030 - 41 - 1,403 TOTAL LIABILITIES (923) 599,776 - 5,270 + 29,201 CAPITAL ACCOUNTS Capital paid in 7,153 + 10 + 276 Surplus 6,721 + 44 + 4,042 Other capital accounts 786 - 108 - 191 *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 $ 552 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 $ 308 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,405 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,597 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, July 18, 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 452 20,951 + 6,458 0 0 12,850 0 16 to 90 days 9 112,501 - 6,876 0 0 4,000 0 91 days to 1 year 0 126,909 + 2,044 0 0 ------ ------ Over 1 to 5 years 144,849 + 5,516 10 0 ------ ------ Over 5 to 10 years 53,804 - 3,862 0 0 ------ ------ Over 10 years 77,088 + 4 0 0 ------ ------ Total 461 536,102 + 3,284 10 0 16,850 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 860 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 July 18, 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 1,079 69 59 58 68 181 112 132 62 37 68 109 124 Loans 461 0 0 0 0 0 7 46 11 85 31 12 268 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 16,850 0 16,850 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 179,999 10,815 73,733 7,393 10,538 10,753 12,377 20,386 6,488 562 5,556 3,263 18,134 Notes (3) 255,355 15,342 104,602 10,488 14,950 15,255 17,559 28,921 9,204 797 7,882 4,629 25,726 Bonds (4) 100,748 6,053 41,270 4,138 5,898 6,019 6,928 11,411 3,631 314 3,110 1,826 10,150 Total bought outright(5) 536,102 32,210 219,605 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 536,102 32,210 219,605 22,020 31,386 32,027 36,864 60,718 19,323 1,673 16,547 9,719 54,011 Total loans and securities 553,423 32,211 236,459 22,020 31,387 32,028 36,872 60,765 19,334 1,758 16,579 9,731 54,280 Items in process of collection 10,398 613 1,003 757 616 583 1,066 1,208 561 524 702 371 2,395 Bank premises 1,513 93 168 50 153 131 291 106 38 124 49 137 172 Other assets(5) 35,701 1,861 12,948 1,309 2,109 4,809 2,344 3,385 965 662 967 794 3,549 Interdistrict settlement account 0 - 1,373 - 162 - 915 - 2,030 + 9,280 + 63 - 379 - 1,032 + 4,583 - 1,323 + 1,515 - 8,227 TOTAL ASSETS 615,359 34,135 255,800 23,815 32,945 47,900 41,785 66,458 20,343 7,860 17,425 13,232 53,661 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 $ 552 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 $ 308 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,405 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,597 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 July 18, 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 570,621 31,873 242,871 21,784 30,158 41,917 38,695 62,014 19,278 6,393 15,996 11,915 47,727 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,458 608 1,999 729 1,253 1,587 896 1,928 338 414 534 549 1,622 U.S. Treasury--general account 5,619 0 5,619 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 70 2 46 1 2 7 2 3 1 1 1 1 3 Other 321 2 151 0 2 156 1 2 0 1 1 1 4 Total deposits 18,467 612 7,815 730 1,257 1,750 899 1,933 339 416 537 551 1,629 Deferred credit items 8,581 595 896 689 434 627 848 665 279 521 376 312 2,340 Other liabilities and accrued dividends (2) 3,030 188 1,034 138 178 231 250 329 128 61 117 97 280 TOTAL LIABILITIES 600,699 33,266 252,617 23,341 32,027 44,525 40,692 64,941 20,024 7,390 17,026 12,874 51,976 CAPITAL ACCOUNTS Capital paid in 7,153 417 1,466 221 411 1,700 527 727 148 375 188 160 813 Surplus 6,721 358 1,468 228 472 1,675 495 632 138 95 179 188 792 Other capital accounts 786 93 249 25 35 0 71 158 32 0 32 10 80 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 615,359 34,135 255,800 23,815 32,945 47,900 41,785 66,458 20,343 7,860 17,425 13,232 53,661 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 737,247 35,892 292,251 29,904 35,484 54,754 61,697 70,342 22,639 9,142 20,166 32,091 72,885 Less--Held by F.R. Banks 166,627 4,020 49,379 8,120 5,326 12,837 23,001 8,327 3,361 2,750 4,171 20,176 25,158 F.R. notes, net 570,621 31,873 242,871 21,784 30,158 41,917 38,695 62,014 19,278 6,393 15,996 11,915 47,727 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 4,415 U.S. govt. and agency securities(3) 552,962 Total collateral 570,621 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.