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

March 22, 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 Mar 21, 2001 581,260 522,353 0 10 0 22,824 0 20 22 0 306 35,725 11,046 2,200 31,986 626,492 585,128 0 495 6,709 83 6,937 237 18,318 617,908 8,584 Averages of daily figures Change from week ended Mar 14, 2001 Mar 22, 2000 + 6,147 452 0 0 0 6,111 0 6 2 0 46 525 0 0 14 6,160 250 0 9 1,816 4 173 26 25 1,839 4,322 + + + + + + + + + + + + + 24,802 21,920 0 140 0 991 0 216 49 0 38 2,334 2 4,000 3,073 23,873 21,678 0 327 1,034 19 215 47 788 22,495 1,378 Wednesday Mar 21, 2001 597,305 523,302 0 10 0 38,550 0 2 25 0 -527 35,943 11,046 2,200 31,986 642,537 586,266 0 491 4,662 74 6,937 241 18,036 616,708 25,830

+ + + + + + + + + + +

On March 21, 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 $ 726,879 million, a change of $ - 3,372 million for the week. The total includes $ 607,684 million of U.S. government securities and $ 119,195 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 $ 18,834 million (daily average over statement week) and $ 18,033 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,834 million (daily average) and $ 18,033 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 353 million (daily average) and $ 1,600 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 $ 584 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 $ 6,272 million and adjustments of $ 665 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 Mar 21, 2001 11,046 2,200 1,146 27 0 38,550 10 0 184,411 243,056 95,835 523,302 0 523,302 561,889 8,102 1,479 34,555 620,417 555,917 0 33,715 4,662 74 241 38,692 7,772 3,843 606,224 7,023 6,455 715 + + + + + + + + + + + + + Wednesday Mar 14, 2001 0 0 20 85 0 21,055 0 0 116 8 3 105 0 105 20,865 579 2 486 21,953 186 0 21,751 98 1 6 21,844 37 82 21,911 0 33 10 Wednesday Mar 22, 2000 + + + + + + + + + + + + + + + + + + + 2 4,000 708 1,602 0 15,695 140 0 12,975 25,206 10,578 22,810 0 22,810 36,763 378 95 2,445 36,386 19,979 0 16,459 202 10 57 16,304 884 968 36,200 324 24 161

+ +

(1,107) (1,107)

(0) (0) (1,107) (1,107)

+ +

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 $ 453 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 $ 131 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,033 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,600 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

March 21, 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) 34,555 3,995 ——— ——— ——— ——— 38,550 0 0 ——— ——— ——— ——— 0

Loans 27 0 0 ——— ——— ——— 27

U.S. government securities (1,2) Weekly Holdings changes 18,933 117,213 123,202 135,445 54,913 73,597 523,302 + + + + 4,934 4,801 249 2 7 3 105

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 $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 584 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 1,146 27 0 38,550 10 0 184,411 243,056 95,835 523,302 0 523,302 561,889 10,587 13,953 5,502 30,042 0 30,042 30,043 71,183 93,820 36,993 201,996 0 201,996 240,550 7,681 10,123 3,992 21,796 0 21,796 21,796 10,320 13,602 5,363 29,285 0 29,285 29,285 1 0 4 0 0 0 1 0 1 0 10,825 14,268 5,626 30,719 0 30,719 30,720 0 0 0 0 0 38,550 0 0 0 0 0 0 0 0 0 0 0 0 1 0 12,275 16,178 6,379 34,832 0 34,832 34,833 535 115 72 4,428 874 82 414 83 67 520 104 75 750 147 159 802 166 98 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 1,064 212 148 9 0 0 1 0 22,058 29,073 11,463 62,595 0 62,595 62,605

March 21, 2001

St. Louis Minneapolis 359 71 68 10 0 0 0 0 7,005 9,233 3,641 19,879 0 19,879 19,890

Kansas City

Dallas

San Francisco

158 30 46

340 66 77

514 98 109

1,162 234 146

3 0 0

2 0 0

0 0 0

3 0 0

0 0

0 0

0 0

1 0

776 1,023 403 2,203 0 2,203 2,206

6,145 8,100 3,194 17,439 0 17,439 17,441

5,456 7,191 2,836 15,483 0 15,483 15,484

20,099 26,491 10,445 57,034 0 57,034 57,038

9,209 716 1,065 556 293 641 891 664 341 602 516 195 Items in process of collection 1,479 94 167 50 154 129 264 104 36 125 49 138 Bank premises 34,555 1,749 11,945 1,274 2,013 4,859 2,236 3,335 938 702 969 959 Other assets (6) 0 + 2,820 + 3,445 + 345 + 1,381 + 7,557 + 553 - 1,806 - 1,445 + 3,421 - 1,504 - 7,039 Interdistrict settlement account 621,524 36,143 262,554 24,585 33,826 44,962 39,842 66,326 20,258 7,289 17,953 10,456 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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 453 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 $ 131 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,033 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,600 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.

2,730 169 3,578 - 7,728 57,329

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 555,917 0 33,715 4,662 74 241 38,692 8,879 3,843 607,331 7,023 6,455 715 621,524 36,143 262,554 24,585 416 358 93 1,451 1,468 260 227 228 27 431 472 34 33,826 231 35,276 1,293 259,376 173 24,102 224 32,888 278 41,907 1,680 1,374 0 44,962 2,172 0 2 1 2,174 657 13,250 4,662 50 141 18,103 988 1,149 0 1 0 1,150 614 1,782 0 2 2 1,786 360 4,122 0 7 69 4,198 775 1,666 0 2 3 1,671 945 300 38,819 489 495 39 39,842 32,214 0 238,992 0 22,165 0 30,518 0 36,657 0 35,903 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 60,801 0 2,923 0 3 2 2,927 706 429 64,863 695 632 136 66,326

March 21, 2001

St. Louis Minneapolis 18,735 0 798 0 1 1 799 263 162 19,959 137 138 24 20,258

Kansas City

Dallas

San Francisco

4,769 0

16,289 0

8,990 0

49,885 0

1,501 0 1 2 1,504 444

632 0 1 8 641 491

610 0 1 0 611 356

3,111 0 3 12 3,126 2,281

69 6,787

153 17,573

144 10,101

388 55,679

372 130 0

180 179 21

150 188 17

793 792 65

7,289

17,953

10,456

57,329

742,461 36,739 297,683 30,839 36,194 52,047 58,986 70,583 22,858 9,370 21,147 31,633 F.R. notes outstanding 186,544 4,525 58,691 8,673 5,676 15,391 23,083 9,782 4,123 4,601 4,859 22,643 Less—Held by F.R. Banks 555,917 32,214 238,992 22,165 30,518 36,657 35,903 60,801 18,735 4,769 16,289 8,990 F.R. notes, net Collateral held against F.R. notes 11,046 Gold certificate account Special drawing rights 2,200 certificate account 0 Other eligible assets 542,671 U.S. govt. and agency securities (3) 555,917 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.

74,382 24,498 49,885