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

August 23, 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 Aug 22, 2001 601,174 540,821 0 10 0 24,553 0 10 164 0 -62 35,677 11,044 2,200 32,768 647,186 607,231 0 412 5,313 72 7,486 305 18,463 639,283 7,902 Averages of daily figures Change from week ended Aug 15, 2001 Aug 23, 2000 + + 2,568 1,275 0 0 0 3,884 0 3 21 0 72 2,503 0 0 14 2,583 528 0 4 240 6 33 6 86 871 1,711 + + 43,245 31,054 0 130 0 11,272 0 4 401 0 1,021 2,473 2 2,000 2,297 43,540 38,164 0 255 489 29 665 71 3,229 42,845 694 Wednesday Aug 22, 2001 611,085 540,778 0 10 0 34,265 0 23 147 0 -91 35,954 11,044 2,200 32,768 657,096 608,965 0 409 5,115 75 7,486 285 17,924 640,258 16,838

+

+

+ -

+ + + + + + + + + + +

+ + + + + + + +

On August 22, 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 $ 719,086 million, a change of $ + 2,335 million for the week. The total includes $ 590,925 million of U.S. government securities and $ 128,160 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 $ 17,512 million (daily average over statement week) and $ 17,667 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,512 million (daily average) and $ 17,667 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,051 million (daily average) and $ 890 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 $ 892 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 $ 7,142 million and adjustments of $ 344 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 Aug 22, 2001 11,044 2,200 1,123 169 0 34,265 10 0 183,986 255,779 101,013 540,778 0 540,778 575,222 6,841 1,512 34,274 632,216 + + + + + + + + Wednesday Aug 15, 2001 0 0 11 23 0 6,920 0 0 357 1,386 2 1,032 0 1,032 7,929 455 2 553 8,042 Wednesday Aug 23, 2000 + + 2 2,000 344 418 0 15,935 130 0 4,223 23,462 10,876 30,114 0 30,114 45,502 136 91 2,265 46,063

+ +

+ + + + + + + +

(822)

(822)

577,729 0 24,059 5,115 75 285 29,534 7,029 3,068 617,359

+

1,002 0 6,622 1,046 4 37 7,635 280 6 8,362

+

37,671 0 5,060 35 4 82 5,111 304 1,261 41,825

(0) (0) (822) (822)

+ + + + + +

+ + + + + +

7,169 6,750 938

+ + -

9 3 333

+ + -

271 4,071 103

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 $ 572 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 $ 320 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 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.

Maturity Distribution of Loans and Securities,
Millions of dollars

August 22, 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) 28,260 6,005 ——— ——— ——— ——— 34,265 0 0 ——— ——— ——— ——— 0

Loans

U.S. government securities (1,2) Weekly Holdings changes 23,169 111,370 132,549 141,175 54,874 77,641 540,778 + + + + 6,464 2,597 2,839 0 2 2 1,032

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

154 15 0 ——— ——— ——— 169

1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 892 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
Total 11,044 2,200 1,123 169 0 34,265 10 0 183,986 255,779 101,013 540,778 0 540,778 575,222 11,054 15,368 6,069 32,491 0 32,491 32,492 75,367 104,775 41,378 221,520 0 221,520 255,790 7,557 10,506 4,149 22,212 0 22,212 22,213 10,771 14,975 5,914 31,660 0 31,660 31,660 10,991 15,280 6,035 32,306 0 32,306 32,307 12,651 17,588 6,946 37,186 0 37,186 37,193 20,838 28,969 11,441 61,247 0 61,247 61,287 6,631 9,219 3,641 19,491 0 19,491 19,500 1 0 4 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 574 798 315 1,687 0 1,687 1,752 0 0 0 0 0 34,265 1 0 0 0 0 0 0 0 0 7 0 0 38 0 0 8 0 0 64 0 0 19 0 0 0 0 5,679 7,895 3,118 16,691 0 16,691 16,710 546 115 64 4,450 874 59 454 83 58 538 104 70 741 147 181 871 166 134 1,028 212 138 343 71 61 143 30 35 317 66 70 477 98 113 4 0 0 0 0 3,335 4,637 1,831 9,803 0 9,803 9,807 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas

August 22, 2001
San Francisco 1,136 234 140 29 0 0 1 0 18,536 25,769 10,177 54,482 0 54,482 54,512 2,342 173 3,419 - 7,073 54,881

Millions of dollars

ASSETS Gold certificate account Special drawing rights certif. acct. 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. govt. securities Total loans and securities

Items in process of collection 7,663 537 818 382 367 507 560 524 269 581 460 315 Bank premises 1,512 93 169 50 153 132 285 107 40 124 49 137 Other assets (6) 34,274 1,769 12,266 1,182 2,032 4,847 2,263 3,207 903 686 924 776 Interdistrict settlement account 0 265 -10,414 - 1,124 - 1,909 +12,135 + 2,399 + 2,110 671 + 4,119 - 1,041 + 1,734 TOTAL ASSETS 633,038 35,350 264,011 23,297 33,015 50,997 43,872 68,614 20,517 7,469 17,557 13,457 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 $ 572 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 $ 320 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 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
Total 577,729 0 24,059 5,115 75 285 29,534 7,851 3,068 618,181 188 34,482 1,037 260,820 138 22,824 178 31,842 251 47,545 253 42,758 326 67,082 129 20,198 65 7,174 2,138 0 2 3 2,143 513 6,070 5,115 51 128 11,364 926 431 0 1 0 432 406 1,557 0 2 2 1,561 372 3,657 0 7 133 3,797 603 1,407 0 2 4 1,413 728 2,481 0 3 1 2,485 593 620 0 1 0 621 184 496 0 1 0 497 556 577 0 1 7 585 364 121 17,165 31,638 0 247,494 0 21,848 0 29,731 0 42,894 0 40,364 0 63,678 0 19,264 0 6,056 0 16,095 0 11,970 0 697 0 1 1 699 326 98 13,093 Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Kansas City Dallas

August 22, 2001
San Francisco 46,696 0 3,930 0 3 5 3,938 2,278 283 53,196

Millions of dollars

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

7,169 6,750 938 633,038 35,350 264,011 23,297 33,015 50,997 43,872 68,614

417 358 93

1,467 1,468 257

221 228 24

603 472 98

1,701 1,679 72

537 495 82

736 632 164

149 138 32 20,517

174 121 0 7,469

188 179 25 17,557

162 188 13 13,457

814 792 80 54,881

CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS

FEDERAL RESERVE AGENTS’ ACCOUNTS 71,934 25,238 46,696

F.R. notes outstanding 738,738 36,008 290,393 29,463 35,592 55,498 63,551 71,974 22,874 9,057 20,066 32,329 Less—Held by F.R. Banks 161,010 4,371 42,899 7,615 5,860 12,604 23,188 8,296 3,610 3,000 3,970 20,359 F.R. notes, net 577,729 31,638 247,494 21,848 29,731 42,894 40,364 63,678 19,264 6,056 16,095 11,970 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities (3) 564,485 Total collateral 577,729 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.