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 September 20, 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 Sep 19, 2001 Sep 12, 2001 Sep 20, 2000 Sep 19, 2001 Reserve Bank Credit 672,702 + 49,919 + 110,494 608,865 U.S. government securities (1) Bought outright-system account (2,3) 523,359 - 17,119 + 14,346 526,624 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 120 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 75,296 + 46,433 + 58,010 39,600 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 1,502 - 10,240 + 1,367 2,587 Seasonal credit 95 0 - 289 87 Extended credit 0 0 0 0 Float 28,339 + 24,058 + 27,362 2,345 Other F.R. assets 44,101 + 6,786 + 9,817 37,613 Gold stock 11,043 - 1 - 3 11,043 Special drawing rights certificate account 2,200 0 - 1,143 2,200 Treasury currency outstanding 32,824 + 14 + 2,116 32,824 Total factors supplying reserve funds 718,769 + 49,932 + 111,464 654,932 Currency in circulation* 615,185 + 2,696 + 45,536 615,303 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 426 + 4 + 262 430 Deposits,other than reserve balances,with F.R.Banks Treasury 6,291 + 941 - 2,283 5,413 Foreign 157 + 78 + 71 258 Service-related balances and adjustments (5) 7,708 + 129 + 1,235 7,708 Other 382 - 85 + 183 288 Other F.R. liabilities and capital 20,660 + 1,436 + 5,399 20,071 Total factors, other than reserve balances, absorbing reserve funds 650,809 + 5,199 + 50,403 649,471 Reserve balances with F.R. Banks (6) 67,960 + 44,734 + 61,061 5,461 On September 19, 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 $ 727,796 million, a change of $ + 5,913 million for the week. The total includes $ 600,954 million of U.S. government securities and $ 126,842 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 $ 36,133 million (daily average over statement week) and $ 32,895 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 36,133 million (daily average) and $ 32,895 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 5,729 million (daily average) and $ 2,728 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 $ 7,283 million and adjustments of $ 425 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 Sep 19, 2001 Sep 12, 2001 Sep 20, 2000 ASSETS Gold certificate account 11,043 0 - 3 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,102 + 21 + 337 Loans 2,673 - 42,949 + 1,373 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 39,600 - 21,405 + 19,715 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 167,582 - 3,754 - 16,450 Notes (3) 257,036 - 4 + 21,780 Bonds (4) 102,005 - 3 + 10,858 Total bought outright (5) 526,624 - 3,761 + 16,190 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 526,624 - 3,761 + 16,190 Total loans and securities 568,907 - 68,115 + 37,157 Items in process of collection (1,017) 12,433 - 18,495 + 4,570 Bank premises 1,510 0 + 88 Other assets (6) 35,995 - 10,233 + 2,718 TOTAL ASSETS (1,017) 633,190 - 96,823 + 43,867 LIABILITIES Federal Reserve notes 584,010 - 368 + 44,036 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,141 - 93,541 - 4,200 U.S. Treasury--general account 5,413 - 580 - 2,000 Foreign--official accounts 258 + 189 + 192 Other (0) 288 - 862 + 96 Total deposits (0) 21,101 - 94,793 - 5,911 Deferred availability cash items (1,017) 8,008 + 389 + 674 Other liabilities and accrued dividends (7) 4,575 - 2,614 + 247 TOTAL LIABILITIES (1,017) 617,694 - 97,386 + 39,046 CAPITAL ACCOUNTS Capital paid in 7,202 + 5 + 267 Surplus 6,764 + 21 + 4,085 Other capital accounts 1,530 + 538 + 470 *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 $ 32,895 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,728 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 19, 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 2,662 20,683 + 19,121 0 0 37,600 0 16 to 90 days 12 98,641 - 22,208 0 0 2,000 0 91 days to 1 year 0 130,836 - 668 0 0 ------ ------ Over 1 to 5 years 142,304 0 10 0 ------ ------ Over 5 to 10 years 55,576 - 3 0 0 ------ ------ Over 10 years 78,584 - 2 0 0 ------ ------ Total 2,673 526,624 - 3,761 10 0 39,600 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 September 19, 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 11,043 546 4,449 454 538 741 871 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 1,102 58 64 52 67 179 134 133 57 35 69 117 137 Loans 2,673 411 0 54 400 773 517 23 25 29 205 3 233 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 39,600 0 39,600 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 167,582 10,069 68,647 6,883 9,811 10,011 11,523 18,980 6,040 523 5,172 3,038 16,883 Notes (3) 257,036 15,443 105,291 10,557 15,048 15,355 17,675 29,111 9,264 802 7,933 4,660 25,896 Bonds (4) 102,005 6,129 41,785 4,190 5,972 6,094 7,014 11,553 3,677 318 3,148 1,849 10,277 Total bought outright(5) 526,624 31,641 215,722 21,630 30,831 31,461 36,212 59,644 18,981 1,643 16,254 9,547 53,056 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 526,624 31,641 215,722 21,630 30,831 31,461 36,212 59,644 18,981 1,643 16,254 9,547 53,056 Total loans and securities 568,907 32,052 255,327 21,685 31,232 32,234 36,730 59,668 19,007 1,672 16,460 9,550 53,290 Items in process of collection 13,450 552 1,795 468 355 342 794 1,494 766 706 796 939 4,443 Bank premises 1,510 93 169 49 153 132 285 106 40 124 49 137 173 Other assets(5) 35,995 1,861 12,912 1,303 2,132 4,994 2,372 3,411 957 696 972 806 3,579 Interdistrict settlement account 0 + 46 -13,586 - 1,174 - 900 +11,938 + 2,801 + 5,326 + 186 + 4,286 + 78 + 1,651 -10,652 TOTAL ASSETS 634,207 35,323 262,003 22,919 33,680 50,708 44,154 71,378 21,427 7,692 18,808 13,774 52,340 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 $ 32,895 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,728 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 September 19, 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 584,010 32,063 246,042 21,416 30,449 44,566 40,342 66,181 20,129 6,276 17,347 12,309 46,889 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,141 1,597 2,765 349 1,341 1,551 1,635 2,531 604 479 508 606 1,176 U.S. Treasury--general account 5,413 0 5,413 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 258 2 235 1 2 7 2 3 1 1 1 1 3 Other 288 1 139 1 2 131 0 1 0 0 2 4 6 Total deposits 21,101 1,599 8,552 350 1,345 1,690 1,637 2,534 605 480 511 610 1,185 Deferred credit items 9,025 574 1,465 529 411 655 775 765 237 563 425 386 2,241 Other liabilities and accrued dividends (2) 4,575 184 2,613 134 173 237 250 313 125 65 115 96 271 TOTAL LIABILITIES 618,711 34,421 258,672 22,429 32,377 47,149 43,004 69,793 21,096 7,384 18,398 13,401 50,586 CAPITAL ACCOUNTS Capital paid in 7,202 421 1,468 221 619 1,704 538 738 149 174 188 162 820 Surplus 6,764 358 1,468 228 472 1,679 495 632 138 135 179 188 792 Other capital accounts 1,530 123 395 40 213 177 116 216 44 0 43 23 141 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 634,207 35,323 262,003 22,919 33,680 50,708 44,154 71,378 21,427 7,692 18,808 13,774 52,340 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 740,984 36,370 289,461 29,118 35,959 55,966 64,102 73,481 23,476 8,951 20,834 32,362 70,904 Less--Held by F.R. Banks 156,974 4,307 43,419 7,702 5,510 11,400 23,760 7,300 3,347 2,675 3,487 20,052 24,015 F.R. notes, net 584,010 32,063 246,042 21,416 30,449 44,566 40,342 66,181 20,129 6,276 17,347 12,309 46,889 Collateral held against F.R. notes Gold certificate account 11,043 Special drawing rights certificate account 2,200 Other eligible assets 4,533 U.S. govt. and agency securities(3) 566,234 Total collateral 584,010 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.