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 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 Feb 7, 2001 Jan 31, 2001 Feb 9, 2000 Feb 7, 2001 Reserve Bank Credit 572,088 - 1,624 + 16,337 579,009 U.S. government securities (1) Bought outright-system account (2,3) 515,579 - 1,220 + 13,741 516,486 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 121 - 9 - 54 110 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 18,921 - 65 + 502 23,985 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 - 6 - 35 11 Seasonal credit 19 - 12 - 10 20 Extended credit 0 0 0 0 Float 634 - 51 + 433 1,356 Other F.R. assets 36,809 - 259 + 1,779 37,042 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,527 + 14 + 3,054 31,527 Total factors supplying reserve funds 616,861 - 1,609 + 15,388 623,781 Currency in circulation* 579,584 + 1,473 + 13,738 581,712 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 478 + 23 + 347 485 Deposits,other than reserve balances,with F.R.Banks Treasury 4,849 - 4,054 - 410 3,905 Foreign 89 - 21 - 2 96 Service-related balances and adjustments (5) 6,447 - 138 - 1,423 6,447 Other 339 + 62 + 90 335 Other F.R. liabilities and capital 18,032 - 166 - 437 17,906 Total factors, other than reserve balances, absorbing reserve funds 609,820 - 2,820 + 11,905 610,887 Reserve balances with F.R. Banks (6) 7,041 + 1,210 + 3,483 12,895 On February 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 $ 701,768 million, a change of $ + 4,140 million for the week. The total includes $ 595,295 million of U.S. government securities and $ 106,473 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 $ 17,046 million (daily average over statement week) and $ 16,169 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,046 million (daily average) and $ 16,169 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,373 million (daily average) and $ 1,788 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 $ 555 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 $ 6,096 million and adjustments of $ 352 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 7, 2001 Jan 31, 2001 Feb 9, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,095 + 29 + 706 Loans 31 - 4 - 64 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 23,985 + 5,065 - 1,295 Federal agency obligations (2) Bought outright 110 - 20 - 65 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,417 + 468 - 15,817 Notes (3) 239,724 - 1 + 20,711 Bonds (4) 93,345 0 + 9,261 Total bought outright (5) 516,486 + 468 + 14,155 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 516,486 + 468 + 14,155 Total loans and securities 540,611 + 5,508 + 12,730 Items in process of collection (976) 10,270 + 247 + 2,621 Bank premises 1,468 + 1 + 94 Other assets (6) 35,617 + 450 + 1,744 TOTAL ASSETS (976) 602,308 + 6,236 + 13,894 LIABILITIES Federal Reserve notes 551,766 + 2,330 + 12,563 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,947 + 4,527 + 1,892 U.S. Treasury--general account 3,905 - 1,351 - 955 Foreign--official accounts 96 - 103 + 15 Other (0) 335 + 29 + 88 Total deposits (0) 24,283 + 3,101 + 1,040 Deferred availability cash items (976) 8,353 + 547 + 872 Other liabilities and accrued dividends (7) 3,996 + 36 - 719 TOTAL LIABILITIES (976) 588,397 + 6,013 + 13,755 CAPITAL ACCOUNTS Capital paid in 7,016 + 2 + 352 Surplus 6,299 + 34 - 65 Other capital accounts 595 + 186 - 149 *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 $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,169 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,788 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 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 17 17,722 - 3,199 0 0 17,985 0 16 to 90 days 14 115,089 + 2,659 0 0 6,000 0 91 days to 1 year 0 125,624 + 1,007 0 0 ------ ------ Over 1 to 5 years 130,088 0 110 - 20 ------ ------ Over 5 to 10 years 56,750 0 0 0 ------ ------ Over 10 years 71,212 0 0 0 ------ ------ Total 31 516,486 + 468 110 - 20 23,985 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 555 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 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 1,095 59 77 61 74 137 111 135 60 42 75 109 155 Loans 31 2 0 0 0 0 0 9 8 4 3 5 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 23,985 0 23,985 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 183,417 10,530 70,799 7,639 10,264 10,767 12,209 21,939 6,967 772 6,112 5,427 19,990 Notes (3) 239,724 13,762 92,534 9,985 13,415 14,072 15,957 28,675 9,106 1,009 7,989 7,093 26,127 Bonds (4) 93,345 5,359 36,031 3,888 5,224 5,480 6,213 11,165 3,546 393 3,111 2,762 10,174 Total bought outright(5) 516,486 29,651 199,364 21,512 28,903 30,319 34,379 61,779 19,620 2,174 17,212 15,282 56,291 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 516,486 29,651 199,364 21,512 28,903 30,319 34,379 61,779 19,620 2,174 17,212 15,282 56,291 Total loans and securities 540,611 29,659 223,392 21,517 28,909 30,325 34,386 61,801 19,632 2,179 17,218 15,289 56,304 Items in process of collection 11,246 1,178 1,462 481 462 883 1,086 907 505 694 724 260 2,604 Bank premises 1,468 94 167 51 154 127 257 104 35 125 49 138 168 Other assets(5) 35,617 1,815 12,223 1,281 2,082 4,965 2,325 3,485 991 719 1,012 1,014 3,706 Interdistrict settlement account 0 + 2,302 +11,424 - 9 + 1,281 + 3,425 + 1,212 - 2,449 - 997 - 206 - 1,482 - 7,372 - 7,129 TOTAL ASSETS 603,284 35,756 254,046 23,880 33,587 40,761 40,345 65,259 20,656 3,741 18,001 10,050 57,204 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 $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,169 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,788 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 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 551,766 31,942 239,054 22,348 30,690 34,329 36,921 59,937 18,980 2,110 16,322 8,564 50,568 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,947 2,017 5,184 462 1,273 2,250 1,082 2,816 875 533 727 571 2,159 U.S. Treasury--general account 3,905 0 3,905 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 96 2 73 1 2 7 2 3 1 1 1 1 3 Other 335 0 134 0 6 172 1 1 9 1 7 1 1 Total deposits 24,283 2,019 9,296 463 1,281 2,429 1,085 2,820 885 535 735 573 2,163 Deferred credit items 9,329 784 1,152 407 413 821 997 712 323 525 405 373 2,418 Other liabilities and accrued dividends (2) 3,996 238 1,358 181 228 285 310 452 169 67 160 147 401 TOTAL LIABILITIES 589,374 34,983 250,860 23,399 32,612 37,864 39,312 63,920 20,357 3,237 17,622 9,656 55,550 CAPITAL ACCOUNTS Capital paid in 7,016 369 1,468 228 469 1,680 497 634 138 372 180 189 793 Surplus 6,299 358 1,468 228 472 1,216 495 632 138 132 179 188 792 Other capital accounts 595 45 251 24 34 0 40 73 23 0 20 17 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 603,284 35,756 254,046 23,880 33,587 40,761 40,345 65,259 20,656 3,741 18,001 10,050 57,204 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 746,182 37,063 298,853 31,379 36,549 50,978 59,717 70,557 22,921 9,434 21,481 31,834 75,417 Less--Held by F.R. Banks 194,416 5,121 59,799 9,031 5,859 16,649 22,796 10,620 3,941 7,324 5,159 23,270 24,848 F.R. notes, net 551,766 31,942 239,054 22,348 30,690 34,329 36,921 59,937 18,980 2,110 16,322 8,564 50,568 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) 538,520 Total collateral 551,766 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.