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 18, 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 17, 2001 Jan 10, 2001 Jan 19, 2000 Jan 17, 2001 Reserve Bank Credit 577,838 - 525 + 5,961 578,870 U.S. government securities (1) Bought outright-system account (2,3) 516,288 + 2,176 + 21,464 516,778 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) 24,228 - 2,888 - 16,526 22,520 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 81 - 238 1 Seasonal credit 26 - 10 - 2 24 Extended credit 0 0 0 0 Float 748 - 16 + 345 2,919 Other F.R. assets 36,415 + 296 + 985 36,498 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,247 + 14 + 3,055 31,247 Total factors supplying reserve funds 622,331 - 511 + 5,014 623,363 Currency in circulation* 583,793 - 4,207 + 2,127 583,145 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 456 + 2 + 334 445 Deposits,other than reserve balances,with F.R.Banks Treasury 6,529 + 1,734 + 1,139 7,979 Foreign 106 - 2 + 5 103 Service-related balances and adjustments (5) 6,631 - 325 - 840 6,631 Other 199 + 20 - 51 283 Other F.R. liabilities and capital 18,265 + 283 - 181 17,936 Total factors, other than reserve balances, absorbing reserve funds 615,980 - 2,493 + 2,535 616,521 Reserve balances with F.R. Banks (6) 6,351 + 1,982 + 2,479 6,842 On January 17, 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 $ 696,657 million, a change of $ + 3,791 million for the week. The total includes $ 591,012 million of U.S. government securities and $ 105,645 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 $ 16,097 million (daily average over statement week) and $ 15,752 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,097 million (daily average) and $ 15,752 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,530 million (daily average) and $ 2,229 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 $ 532 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 $ 6,080 million and adjustments of $ 551 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 17, 2001 Jan 10, 2001 Jan 19, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 987 + 32 + 695 Loans 25 - 7 - 146 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 22,520 - 5,355 - 12,090 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,010 + 645 - 11,042 Notes (3) 239,847 + 655 + 21,768 Bonds (4) 92,921 0 + 9,942 Total bought outright (5) 516,778 + 1,300 + 20,668 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 516,778 + 1,300 + 20,668 Total loans and securities 539,453 - 4,063 + 8,381 Items in process of collection (876) 15,495 + 7,347 + 1,601 Bank premises 1,463 + 1 + 96 Other assets (6) 35,089 + 225 + 942 TOTAL ASSETS (876) 605,734 + 3,544 + 7,714 LIABILITIES Federal Reserve notes 553,329 - 2,424 + 3,266 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,624 - 1,254 - 1,030 U.S. Treasury--general account 7,979 + 2,819 + 4,263 Foreign--official accounts 103 - 19 + 23 Other (0) 283 + 109 + 27 Total deposits (0) 21,990 + 1,656 + 3,284 Deferred availability cash items (876) 12,479 + 4,361 + 1,415 Other liabilities and accrued dividends (7) 4,079 - 60 - 435 TOTAL LIABILITIES (876) 591,877 + 3,532 + 7,530 CAPITAL ACCOUNTS Capital paid in 7,000 + 1 + 357 Surplus 6,190 + 1 - 242 Other capital accounts 667 + 9 + 69 *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 $ 428 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 $ 105 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,752 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,229 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 17, 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 25 20,094 + 5,213 0 0 16,525 0 16 to 90 days 0 112,438 - 3,931 0 0 5,995 0 91 days to 1 year 0 125,287 - 637 0 0 ------ ------ Over 1 to 5 years 131,501 0 130 0 ------ ------ Over 5 to 10 years 56,561 + 654 0 0 ------ ------ Over 10 years 70,897 0 0 0 ------ ------ Total 25 516,778 + 1,300 130 0 22,520 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 532 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 17, 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 987 52 70 56 67 122 92 122 52 35 70 97 151 Loans 25 1 0 0 0 0 0 13 2 0 6 3 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 22,520 0 22,520 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 184,010 10,564 71,028 7,664 10,297 10,802 12,248 22,010 6,990 775 6,132 5,444 20,055 Notes (3) 239,847 13,769 92,582 9,990 13,422 14,080 15,965 28,689 9,111 1,010 7,993 7,097 26,141 Bonds (4) 92,921 5,334 35,868 3,870 5,200 5,455 6,185 11,115 3,530 391 3,097 2,749 10,127 Total bought outright(5) 516,778 29,667 199,477 21,524 28,919 30,336 34,398 61,814 19,631 2,175 17,221 15,290 56,323 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 516,778 29,667 199,477 21,524 28,919 30,336 34,398 61,814 19,631 2,175 17,221 15,290 56,323 Total loans and securities 539,453 29,676 222,048 21,529 28,927 30,344 34,407 61,843 19,638 2,176 17,232 15,297 56,337 Items in process of collection 16,371 1,761 2,308 613 768 1,117 1,305 1,232 740 899 1,022 604 4,003 Bank premises 1,463 94 166 51 154 128 251 104 35 126 49 138 167 Other assets(5) 35,089 1,674 11,897 1,232 2,067 5,272 2,279 3,391 1,033 688 1,014 1,067 3,476 Interdistrict settlement account 0 + 1,299 +16,290 - 10 + 774 + 1,504 + 1,023 - 3,518 - 1,449 - 717 - 1,716 - 7,243 - 6,238 TOTAL ASSETS 606,610 35,204 258,082 23,968 33,381 39,384 40,326 64,451 20,479 3,394 18,078 10,571 59,292 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 $ 428 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 $ 105 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,752 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,229 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 17, 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 553,329 31,808 240,449 22,402 30,808 33,550 36,782 60,058 19,053 1,436 16,425 8,588 51,972 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,624 1,344 3,062 394 793 1,475 888 1,548 497 646 544 926 1,507 U.S. Treasury--general account 7,979 0 7,979 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 103 1 79 1 2 8 2 3 1 1 1 1 3 Other 283 1 130 2 4 119 1 1 10 0 11 1 4 Total deposits 21,989 1,346 11,249 397 799 1,601 891 1,552 508 648 556 927 1,514 Deferred credit items 13,356 1,054 1,776 503 566 1,099 1,307 1,038 449 738 561 515 3,749 Other liabilities and accrued dividends (2) 4,079 246 1,399 186 229 280 315 465 172 67 161 149 409 TOTAL LIABILITIES 592,753 34,455 254,873 23,488 32,402 36,530 39,296 63,113 20,181 2,889 17,703 10,180 57,645 CAPITAL ACCOUNTS Capital paid in 7,000 358 1,467 228 472 1,679 496 633 138 368 179 188 792 Surplus 6,190 358 1,468 228 472 1,103 495 632 138 137 179 188 792 Other capital accounts 667 33 273 25 35 73 38 73 22 0 17 15 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 606,610 35,204 258,082 23,968 33,381 39,384 40,326 64,451 20,479 3,394 18,078 10,571 59,292 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 749,177 37,056 300,499 31,475 36,426 50,852 59,891 70,754 23,084 9,522 21,543 32,002 76,073 Less--Held by F.R. Banks 195,848 5,248 60,050 9,073 5,618 17,303 23,109 10,696 4,031 8,087 5,119 23,414 24,101 F.R. notes, net 553,329 31,808 240,449 22,402 30,808 33,550 36,782 60,058 19,053 1,436 16,425 8,588 51,972 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 655 U.S. govt. and agency securities(3) 539,428 Total collateral 553,329 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.