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 January 11, 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 Jan 10, 2001 Jan 3, 2001 Jan 12, 2000 Jan 10, 2001 Reserve Bank Credit 578,383 - 12,471 - 11,198 579,657 U.S. government securities (1) Bought outright-system account (2,3) 514,112 + 1,954 + 29,417 515,478 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 51 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 27,116 - 13,823 - 40,305 27,875 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 85 + 60 - 771 7 Seasonal credit 36 - 37 + 5 25 Extended credit 0 0 0 0 Float 784 - 353 - 248 -178 Other F.R. assets 36,120 - 271 + 882 36,318 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,233 + 14 + 3,087 31,233 Total factors supplying reserve funds 622,862 - 12,457 - 12,113 624,136 Currency in circulation* 588,000 - 5,189 - 11,272 585,574 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 454 + 4 + 333 458 Deposits,other than reserve balances,with F.R.Banks Treasury 4,795 - 517 - 531 5,160 Foreign 108 - 48 + 34 122 Service-related balances and adjustments (5) 6,956 - 472 - 1,009 6,956 Other 179 - 875 - 12 174 Other F.R. liabilities and capital 17,982 + 98 - 206 17,985 Total factors, other than reserve balances, absorbing reserve funds 618,473 - 7,001 - 12,665 616,429 Reserve balances with F.R. Banks (6) 4,389 - 5,456 + 552 7,707 On January 10, 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 $ 692,866 million, a change of $ + 1,323 million for the week. The total includes $ 591,043 million of U.S. government securities and $ 101,823 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 $ 17,157 million (daily average over statement week) and $ 16,335 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,157 million (daily average) and $ 16,335 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,247 million (daily average) and $ 2,478 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 531 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 $ 6,332 million and adjustments of $ 624 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 Jan 10, 2001 Jan 3, 2001 Jan 12, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 955 + 20 + 717 Loans 32 - 26 - 969 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,875 - 2,600 - 35,020 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,365 + 1,489 - 907 Notes (3) 239,192 + 574 + 20,724 Bonds (4) 92,921 + 137 + 9,942 Total bought outright (5) 515,478 + 2,200 + 29,759 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 515,478 + 2,200 + 29,759 Total loans and securities 543,516 - 425 - 6,279 Items in process of collection (933) 8,148 - 5,736 + 221 Bank premises 1,462 + 1 + 96 Other assets (6) 34,864 + 460 + 768 TOTAL ASSETS (933) 602,190 - 5,681 - 8,482 LIABILITIES Federal Reserve notes 555,753 - 7,126 - 6,388 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,878 + 2,820 - 2,381 U.S. Treasury--general account 5,160 + 1,328 - 294 Foreign--official accounts 122 + 46 + 12 Other (0) 174 - 30 - 55 Total deposits (0) 20,334 + 4,165 - 2,716 Deferred availability cash items (933) 8,118 - 3,162 + 657 Other liabilities and accrued dividends (7) 4,139 + 48 - 376 TOTAL LIABILITIES (933) 588,345 - 6,074 - 8,823 CAPITAL ACCOUNTS Capital paid in 6,999 + 2 + 557 Surplus 6,189 + 1 - 243 Other capital accounts 658 + 391 + 28 *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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 427 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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, January 10, 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 13 14,881 - 2,139 0 0 14,870 0 16 to 90 days 19 116,369 + 2,396 0 0 13,005 0 91 days to 1 year 0 125,924 + 1,233 0 0 ------ ------ Over 1 to 5 years 131,501 + 266 130 0 ------ ------ Over 5 to 10 years 55,907 + 445 0 0 ------ ------ Over 10 years 70,897 0 0 0 ------ ------ Total 32 515,478 + 2,200 130 0 27,875 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 531 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 January 10, 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 955 50 72 54 66 120 83 113 51 35 66 93 152 Loans 32 0 0 0 0 2 0 15 5 0 6 3 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,875 0 27,875 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 130 7 50 5 7 8 9 16 5 1 4 4 14 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 183,365 10,527 70,779 7,637 10,261 10,764 12,205 21,933 6,966 772 6,111 5,425 19,985 Notes (3) 239,192 13,732 92,329 9,962 13,385 14,041 15,921 28,611 9,086 1,007 7,971 7,077 26,069 Bonds (4) 92,921 5,334 35,868 3,870 5,200 5,455 6,185 11,115 3,530 391 3,097 2,749 10,127 Total bought outright(5) 515,478 29,593 198,976 21,470 28,847 30,260 34,312 61,659 19,582 2,170 17,178 15,252 56,182 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 515,478 29,593 198,976 21,470 28,847 30,260 34,312 61,659 19,582 2,170 17,178 15,252 56,182 Total loans and securities 543,516 29,600 226,901 21,475 28,854 30,269 34,320 61,689 19,591 2,171 17,189 15,259 56,197 Items in process of collection 9,081 799 1,066 469 275 566 736 681 425 624 775 388 2,278 Bank premises 1,462 93 166 51 154 128 251 104 35 126 49 138 167 Other assets(5) 34,864 1,665 11,807 1,257 2,050 5,230 2,272 3,371 1,029 684 1,011 1,061 3,426 Interdistrict settlement account 0 + 1,571 + 8,204 + 312 + 1,456 + 3,731 + 1,981 - 2,350 - 1,300 - 492 - 1,092 - 7,203 - 4,817 TOTAL ASSETS 603,124 34,428 253,519 24,114 33,479 40,941 40,611 64,884 20,261 3,336 18,405 10,347 58,798 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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 427 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 16,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 January 10, 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 555,753 32,042 240,445 22,526 30,910 33,616 37,313 60,447 19,100 1,361 16,444 8,869 52,680 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,878 694 2,000 459 948 3,432 1,068 1,944 431 836 924 610 1,532 U.S. Treasury--general account 5,160 0 5,160 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 122 1 98 1 2 8 2 3 1 1 1 1 3 Other 174 1 130 2 3 17 1 1 7 0 9 1 1 Total deposits 20,334 697 7,389 462 953 3,457 1,071 1,948 439 837 934 612 1,536 Deferred credit items 9,051 689 1,053 459 401 758 878 682 248 566 485 320 2,511 Other liabilities and accrued dividends (2) 4,139 249 1,421 187 235 285 320 470 174 66 164 151 416 TOTAL LIABILITIES 589,278 33,676 250,308 23,634 32,499 38,116 39,582 63,547 19,962 2,831 18,027 9,952 57,144 CAPITAL ACCOUNTS Capital paid in 6,999 358 1,467 228 472 1,679 496 632 138 368 179 188 792 Surplus 6,189 358 1,468 228 472 1,103 495 632 138 136 179 188 792 Other capital accounts 658 35 276 25 36 43 37 74 24 0 20 19 70 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 603,124 34,428 253,519 24,114 33,479 40,941 40,611 64,884 20,261 3,336 18,405 10,347 58,798 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,186 37,132 300,737 31,555 36,415 50,789 60,016 70,814 23,128 9,551 21,551 32,130 76,367 Less--Held by F.R. Banks 194,433 5,090 60,292 9,029 5,505 17,173 22,704 10,367 4,028 8,190 5,107 23,262 23,688 F.R. notes, net 555,753 32,042 240,445 22,526 30,910 33,616 37,313 60,447 19,100 1,361 16,444 8,869 52,680 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) 542,508 Total collateral 555,753 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.