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 4, 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 3, 2001 Dec 27, 2000 Jan 5, 2000 Jan 3, 2001 Reserve Bank Credit 590,853 + 6,538 - 46,048 581,902 U.S. government securities (1) Bought outright-system account (2,3) 512,158 - 3,437 + 31,296 513,278 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) 40,939 + 9,180 - 79,197 30,475 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 25 - 16 - 180 10 Seasonal credit 73 - 39 + 29 49 Extended credit 0 0 0 0 Float 1,136 - 48 + 683 2,189 Other F.R. assets 36,392 + 898 + 1,424 35,772 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,219 + 14 + 3,206 31,219 Total factors supplying reserve funds 635,318 + 6,552 - 46,844 626,367 Currency in circulation* 593,189 + 3,774 - 32,708 592,710 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 450 + 34 + 339 453 Deposits,other than reserve balances,with F.R.Banks Treasury 5,312 + 972 - 15,631 3,832 Foreign 156 + 53 + 80 76 Service-related balances and adjustments (5) 7,428 + 192 - 437 7,428 Other 1,054 + 796 + 98 204 Other F.R. liabilities and capital 17,884 - 533 + 341 17,543 Total factors, other than reserve balances, absorbing reserve funds 625,474 + 5,288 - 47,917 622,245 Reserve balances with F.R. Banks (6) 9,845 + 1,264 + 1,074 4,123 On January 3, 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 $ 691,543 million, a change of $ - 319 million for the week. The total includes $ 589,207 million of U.S. government securities and $ 102,336 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 $ 20,213 million (daily average over statement week) and $ 17,985 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,213 million (daily average) and $ 17,985 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,397 million (daily average) and $ 2,250 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 $ 1,096 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 3, 2001 Dec 27, 2000 Jan 5, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 935 - 11 + 735 Loans 58 - 59 - 122 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 30,475 - 13,510 - 61,170 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,876 - 654 - 3,626 Notes (3) 238,618 - 1,558 + 20,150 Bonds (4) 92,784 0 + 9,806 Total bought outright (5) 513,278 - 2,213 + 26,330 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 513,278 - 2,213 + 26,330 Total loans and securities 543,941 - 15,782 - 35,014 Items in process of collection (752) 13,884 + 3,797 + 5,525 Bank premises 1,461 + 6 + 95 Other assets (6) 34,404 + 136 + 676 TOTAL ASSETS (752) 607,871 - 11,853 - 31,986 LIABILITIES Federal Reserve notes 562,879 - 281 - 26,060 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,058 - 12,729 + 1,919 U.S. Treasury--general account 3,832 - 1,488 - 11,302 Foreign--official accounts 76 - 7 - 6 Other (0) 204 - 31 + 1 Total deposits (0) 16,169 - 14,257 - 9,389 Deferred availability cash items (752) 11,280 + 3,203 + 3,508 Other liabilities and accrued dividends (7) 4,091 - 250 - 170 TOTAL LIABILITIES (752) 594,419 - 11,584 - 32,111 CAPITAL ACCOUNTS Capital paid in 6,997 - 27 + 555 Surplus 6,188 + 3,509 - 244 Other capital accounts 267 - 3,751 - 186 *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 $ 426 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 $ 17,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,250 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 3, 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 28 17,020 - 2,869 0 0 24,475 0 16 to 90 days 31 113,973 + 3,141 0 0 6,000 0 91 days to 1 year 0 124,691 - 929 0 0 ------ ------ Over 1 to 5 years 131,235 - 1,557 130 0 ------ ------ Over 5 to 10 years 55,462 + 1 0 0 ------ ------ Over 10 years 70,897 + 1 0 0 ------ ------ Total 58 513,278 - 2,213 130 0 30,475 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 3, 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 935 47 75 52 65 115 79 113 49 32 66 87 155 Loans 58 0 0 0 0 0 2 13 13 0 22 4 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 30,475 0 30,475 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 181,876 10,441 70,205 7,575 10,178 10,677 12,106 21,755 6,909 766 6,061 5,381 19,823 Notes (3) 238,618 13,699 92,107 9,939 13,353 14,007 15,883 28,542 9,064 1,005 7,952 7,060 26,007 Bonds (4) 92,784 5,327 35,815 3,865 5,192 5,447 6,176 11,098 3,525 391 3,092 2,745 10,113 Total bought outright(5) 513,278 29,466 198,126 21,378 28,724 30,131 34,165 61,396 19,498 2,161 17,105 15,187 55,942 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,278 29,466 198,126 21,378 28,724 30,131 34,165 61,396 19,498 2,161 17,105 15,187 55,942 Total loans and securities 543,941 29,474 228,652 21,384 28,731 30,138 34,176 61,424 19,516 2,162 17,131 15,194 55,960 Items in process of collection 14,636 1,359 1,698 579 642 1,079 1,184 1,239 610 1,128 888 508 3,722 Bank premises 1,461 93 166 51 154 128 251 104 35 126 49 138 166 Other assets(5) 34,404 1,632 11,605 1,235 2,019 5,282 2,236 3,304 1,008 680 992 1,043 3,368 Interdistrict settlement account 0 + 1,686 + 4,998 + 922 + 1,520 + 2,493 + 2,787 - 2,194 - 953 - 370 - 1,143 - 6,586 - 3,159 TOTAL ASSETS 608,623 34,940 252,495 24,719 33,756 40,133 41,682 65,267 20,695 3,945 18,388 10,996 61,608 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 $ 426 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 $ 17,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,250 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 3, 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 562,879 32,184 240,853 23,068 31,254 34,109 38,488 61,191 19,400 1,581 16,680 9,537 54,532 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,058 898 1,770 422 814 1,968 814 1,284 460 952 597 524 1,555 U.S. Treasury--general account 3,832 0 3,832 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 76 1 52 1 2 8 2 3 1 1 1 1 3 Other 204 1 137 2 2 25 4 1 1 1 24 1 4 Total deposits 16,169 901 5,791 425 818 2,002 819 1,287 463 954 622 526 1,561 Deferred credit items 12,032 878 1,390 573 492 954 1,053 1,026 374 843 557 399 3,492 Other liabilities and accrued dividends (2) 4,091 248 1,406 187 233 279 314 468 172 64 161 149 411 TOTAL LIABILITIES 595,171 34,210 249,441 24,252 32,797 37,345 40,675 63,973 20,409 3,442 18,021 10,611 59,996 CAPITAL ACCOUNTS Capital paid in 6,997 358 1,467 228 472 1,679 495 632 138 368 179 188 792 Surplus 6,188 358 1,468 228 472 1,103 495 632 138 135 179 188 792 Other capital accounts 267 14 120 10 15 7 16 31 10 0 9 8 28 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 608,623 34,940 252,495 24,719 33,756 40,133 41,682 65,267 20,695 3,945 18,388 10,996 61,608 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 751,176 36,954 301,012 31,615 36,400 50,762 60,319 70,721 23,186 9,581 21,604 32,267 76,756 Less--Held by F.R. Banks 188,297 4,770 60,159 8,547 5,146 16,652 21,830 9,529 3,786 8,000 4,924 22,730 22,224 F.R. notes, net 562,879 32,184 240,853 23,068 31,254 34,109 38,488 61,191 19,400 1,581 16,680 9,537 54,532 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 5,750 U.S. govt. and agency securities(3) 543,883 Total collateral 562,879 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.