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

May 10, 2001

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks
Millions of dollars Reserve balances of depository institutions at F.R. Banks, Reserve Bank credit, and related items Reserve Bank Credit U.S. government securities (1) Bought outright-system account (2,3) Held under repurchase agreements Federal agency obligations (1) Bought outright Held under repurchase agreements Repurchase agreements — triparty (4) Acceptances Loans to depository institutions Adjustment credit Seasonal credit Extended credit Float Other F.R. assets Gold stock Special drawing rights certificate account Treasury currency outstanding Total factors supplying reserve funds Currency in circulation* Reverse repurchase agreements — triparty (4) Treasury cash holdings* Deposits, other than reserve balances, with F.R. Banks Treasury Foreign Service-related balances and adjustments (5) Other Other F.R. liabilities and capital Total factors, other than reserve balances, absorbing reserve funds Reserve balances with F.R. Banks (6) Week ended May 9, 2001 580,014 524,714 0 10 0 17,433 0 8 69 0 266 37,514 11,046 2,200 32,084 625,345 589,356 0 518 5,053 75 6,879 365 18,034 620,281 5,064 Averages of daily figures Change from week ended May 2, 2001 May 10, 2000 6,373 2,322 0 0 0 5,010 0 2 28 0 668 266 0 0 14 6,358 1,334 0 2 1,680 11 362 8 51 657 5,701 + + + + + + + + + + 19,425 16,969 0 130 0 340 0 55 147 0 321 2,768 2 3,000 2,524 18,948 24,273 0 313 4,015 11 88 104 82 20,495 1,547 Wednesday May 9, 2001 580,298 526,442 0 10 0 15,007 0 12 83 0 987 37,758 11,046 2,200 32,084 625,629 590,968 0 518 4,427 89 6,879 355 17,685 620,921 4,708

+ + + + + + + + -

On May 9, 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 $ 705,794 million, a change of $ - 4,215 million for the week. The total includes $ 577,561 million of U.S. government securities and $ 128,234 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 $ 18,066 million (daily average over statement week) and $ 17,462 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,745 million (daily average) and $ 17,462 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,346 million (daily average) and $ 2,325 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 708 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 $ 6,558 million and adjustments of $ 321 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.

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks
Millions of dollars Eliminations from Consolidation ASSETS Gold certificate account Special drawing rights certificate account Coin Loans Acceptances Repurchase agreements — triparty (1) Federal agency obligations (2) Bought outright Held under repurchase agreements U.S. government securities (2) Bought outright— Bills Notes (3) Bonds (4) Total bought outright (5) Held under repurchase agreements Total U.S. government securities Total loans and securities Items in process of collection Bank premises Other assets (6) TOTAL ASSETS LIABILITIES Federal Reserve notes Reverse repurchase agreements — triparty (1) Deposits Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred availability cash items Other liabilities and accrued dividends (7) TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts Change Since Wednesday May 9, 2001 11,046 2,200 1,110 95 0 15,007 10 0 178,908 249,369 98,165 526,442 0 526,442 541,554 8,911 1,499 36,055 602,375 560,512 0 11,240 4,427 89 355 16,110 8,067 3,461 588,151 7,045 6,479 701 + + + + + + + Wednesday May 2, 2001 0 0 7 32 0 14,250 0 0 2,608 1,402 1,005 201 0 201 14,419 601 1 553 14,472 1,097 0 12,770 1,287 26 14 14,098 1,365 49 14,414 2 34 93 Wednesday May 10, 2000 + + + + + + + + + + + + + + + + + + 2 3,000 538 185 0 832 130 0 22,745 28,331 12,397 17,983 0 17,983 18,501 529 105 2,633 19,303 22,852 0 1,623 5,342 17 92 6,857 608 1,352 15,252 280 3,913 141

+ -

(978) (978)

(0) (0) (978) (978)

1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 497 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 211 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,462 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,325 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.

Maturity Distribution of Loans and Securities,
Millions of dollars

May 9, 2001
Federal agency obligations(2) Weekly Holdings changes 0 0 0 10 0 0 10 0 0 0 0 0 0 0 Reverse Repurchase Repurchase Agreements— Agreements— Triparty (3) Triparty (3) 9,002 6,005 ——— ——— ——— ——— 15,007 0 0 ——— ——— ——— ——— 0

Loans 27 69 0 ——— ——— ——— 95

U.S. government securities (1,2) Weekly Holdings changes 21,156 116,387 121,476 135,551 56,340 75,531 526,442 + + 394 250 540 0 2 979 201

Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total

1 Includes $ 8,301 million of inflation-indexed securities valued at the original face amount and $ 708 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
Millions of dollars Total ASSETS Gold certificate account Special drawing rights certif. acct. Coin 11,046 2,200 1,110 95 0 15,007 10 0 178,908 249,369 98,165 526,442 0 526,442 541,554 10,749 14,983 5,898 31,630 0 31,630 31,633 73,286 102,150 40,212 215,648 0 215,648 230,659 7,348 10,243 4,032 21,623 0 21,623 21,624 10,474 14,599 5,747 30,820 0 30,820 30,821 1 0 4 0 0 0 1 0 1 0 10,688 14,897 5,864 31,450 0 31,450 31,461 2 0 0 0 0 15,007 0 0 0 0 0 0 11 0 0 0 0 0 1 0 12,302 17,147 6,750 36,200 0 36,200 36,200 546 115 80 4,452 874 76 454 83 64 538 104 67 741 147 169 871 166 93 Loans Acceptances Repurchase agreements — triparty (1) Federal agency obligations (2) Bought outright Held under repurchase agreements U.S. government securities (2) Bought outright— Bills Notes (3) Bonds (4) Total bought outright (5) Held under repurchase agreements Total U.S. govt. securities Total loans and securities Boston New York Philadelphia Cleveland Richmond Atlanta Chicago 1,028 212 141 17 0 0 1 0 20,263 28,243 11,118 59,624 0 59,624 59,642

May 9, 2001

St. Louis Minneapolis 343 71 65 16 0 0 0 0 6,448 8,988 3,538 18,975 0 18,975 18,991

Kansas City

Dallas

San Francisco

143 30 46

317 66 74

477 98 103

1,136 234 132

28 0 0

14 0 0

0 0 0

6 0 0

0 0

0 0

0 0

1 0

558 778 306 1,642 0 1,642 1,671

5,522 7,697 3,030 16,249 0 16,249 16,263

3,243 4,521 1,780 9,543 0 9,543 9,544

18,025 25,123 9,890 53,038 0 53,038 53,044

9,889 757 1,164 487 505 688 836 776 539 588 573 465 Items in process of collection 1,499 93 167 50 154 130 281 105 37 125 49 137 Bank premises 36,055 1,888 13,005 1,294 2,142 4,863 2,382 3,433 981 675 984 807 Other assets (6) 0 156 + 435 200 - 1,411 + 7,281 - 2,032 239 - 1,050 + 3,272 469 525 Interdistrict settlement account 603,353 34,956 250,832 23,856 32,920 45,481 38,799 65,098 19,977 6,549 17,857 11,106 TOTAL ASSETS 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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 497 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,687 million of inflation-indexed securities valued at the original face amount and $ 211 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,462 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,325 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.

2,510 170 3,601 - 4,906 55,921

H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on
Millions of dollars Total LIABILITIES Federal Reserve notes Reverse repurchase agreements—triparty (1) Deposits Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred credit items Other liabilities and accrued dividends (2) TOTAL LIABILITIES 560,512 0 11,240 4,427 89 355 16,110 9,045 3,461 589,128 7,045 6,479 701 603,353 34,956 250,832 23,856 417 358 94 1,450 1,468 261 229 228 25 432 472 35 32,920 214 34,087 1,180 247,653 155 23,375 204 31,981 278 42,376 1,681 1,425 0 45,481 539 0 2 2 543 708 1,620 4,427 65 138 6,249 1,027 617 0 1 1 619 537 864 0 2 0 867 456 1,393 0 7 168 1,568 655 1,033 0 2 1 1,036 901 280 37,771 496 495 37 38,799 32,622 0 239,196 0 22,063 0 30,455 0 39,874 0 35,553 0 CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS’ ACCOUNTS Boston New York Philadelphia Cleveland Richmond Atlanta Chicago 60,940 0 1,660 0 3 2 1,665 669 372 63,646 690 632 130 65,098

May 9, 2001

St. Louis Minneapolis 18,895 0 333 0 1 0 334 277 143 19,649 159 138 31 19,977

Kansas City

Dallas

San Francisco

5,193 0

16,228 0

9,721 0

49,772 0

273 0 1 0 274 542

707 0 1 9 716 395

599 0 1 1 601 330

1,602 0 3 33 1,638 2,547

69 6,078

133 17,472

105 10,757

328 54,284

367 104 0

184 179 22

152 188 9

788 792 57

6,549

17,857

11,106

55,921

739,143 36,836 295,947 30,416 35,656 53,695 58,513 70,092 22,620 9,280 20,814 31,756 F.R. notes outstanding 178,631 4,214 56,750 8,353 5,201 13,821 22,960 9,152 3,725 4,088 4,586 22,036 Less—Held by F.R. Banks 560,512 32,622 239,196 22,063 30,455 39,874 35,553 60,940 18,895 5,193 16,228 9,721 F.R. notes, net Collateral held against F.R. notes 11,046 Gold certificate account Special drawing rights 2,200 certificate account 5,808 Other eligible assets 541,459 U.S. govt. and agency securities (3) 560,512 Total collateral 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and 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.

73,519 23,747 49,772