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 July 5, 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 Jul 4, 2001 Jun 27, 2001 Jul 5, 2000 Jul 4, 2001 Reserve Bank Credit 594,211 + 7,218 + 29,281 592,922 U.S. government securities (1) Bought outright-system account (2,3) 534,046 - 963 + 29,001 532,954 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 130 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 22,186 + 7,255 - 2,862 20,350 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 27 + 13 - 32 8 Seasonal credit 148 + 10 - 312 149 Extended credit 0 0 0 0 Float 1,199 + 1,049 + 1,165 3,168 Other F.R. assets 36,595 - 147 + 2,450 36,282 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,543 + 14 + 2,564 32,543 Total factors supplying reserve funds 639,998 + 7,232 + 29,843 638,709 Currency in circulation* 598,260 + 4,395 + 26,167 601,534 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 440 - 4 + 366 417 Deposits,other than reserve balances,with F.R.Banks Treasury 6,444 - 304 + 285 5,684 Foreign 122 + 43 - 61 79 Service-related balances and adjustments (5) 7,571 + 272 + 507 7,571 Other 285 + 6 + 57 302 Other F.R. liabilities and capital 17,725 - 375 + 2,016 17,748 Total factors, other than reserve balances, absorbing reserve funds 630,847 + 4,035 + 29,338 633,334 Reserve balances with F.R. Banks (6) 9,152 + 3,198 + 506 5,375 On July 4, 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 $ 708,578 million, a change of $ + 3,226 million for the week. The total includes $ 578,124 million of U.S. government securities and $ 130,454 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 $ 17,403 million (daily average over statement week) and $ 17,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,403 million (daily average) and $ 17,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 3,585 million (daily average) and $ 4,888 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 803 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 $ 6,840 million and adjustments of $ 731 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 Jul 4, 2001 Jun 27, 2001 Jul 5, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,092 - 28 + 425 Loans 157 + 5 - 378 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,350 + 845 - 2,895 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 180,728 - 483 - 12,294 Notes (3) 252,428 - 1,797 + 26,289 Bonds (4) 99,798 + 44 + 13,778 Total bought outright (5) 532,954 - 2,237 + 27,774 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 532,954 - 2,237 + 27,774 Total loans and securities 553,471 - 1,387 + 24,371 Items in process of collection (755) 13,594 + 5,706 + 7,325 Bank premises 1,510 + 5 + 100 Other assets (6) 34,648 - 625 + 1,753 TOTAL ASSETS (755) 617,559 + 3,672 + 31,972 LIABILITIES Federal Reserve notes 570,500 + 5,536 + 25,061 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 12,822 - 3,644 - 249 U.S. Treasury--general account 5,684 - 1,173 + 326 Foreign--official accounts 79 + 6 - 37 Other (0) 302 + 23 + 61 Total deposits (0) 18,886 - 4,789 + 100 Deferred availability cash items (755) 10,426 + 3,046 + 4,422 Other liabilities and accrued dividends (7) 3,071 - 234 - 1,533 TOTAL LIABILITIES (755) 602,882 + 3,558 + 28,050 CAPITAL ACCOUNTS Capital paid in 7,143 + 4 + 277 Surplus 6,598 - 73 + 3,919 Other capital accounts 936 + 183 - 274 *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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,158 million of inflation-indexed securities valued at the original face amount and $ 269 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,888 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, July 4, 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 23 10,993 - 10,218 0 0 12,350 0 16 to 90 days 134 124,830 + 8,963 0 0 8,000 0 91 days to 1 year 0 124,036 + 770 0 0 ------ ------ Over 1 to 5 years 139,331 - 1,758 10 0 ------ ------ Over 5 to 10 years 57,530 + 4 0 0 ------ ------ Over 10 years 76,234 + 2 0 0 ------ ------ Total 157 532,954 - 2,237 10 0 20,350 0 1 Includes $ 8,772 million of inflation-indexed securities valued at the original face amount and $ 803 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 July 4, 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 11,044 546 4,450 454 538 741 871 1,028 343 143 317 477 1,136 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,092 74 61 60 70 180 114 128 63 39 68 108 127 Loans 157 0 0 0 0 0 5 33 12 73 21 6 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,350 0 20,350 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 10 1 4 0 1 1 1 1 0 0 0 0 1 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 180,728 10,859 74,032 7,423 10,581 10,797 12,427 20,469 6,514 564 5,578 3,276 18,208 Notes (3) 252,428 15,166 103,403 10,368 14,778 15,080 17,358 28,590 9,098 788 7,791 4,576 25,432 Bonds (4) 99,798 5,996 40,881 4,099 5,843 5,962 6,862 11,303 3,597 311 3,080 1,809 10,054 Total bought outright(5) 532,954 32,021 218,316 21,891 31,202 31,839 36,648 60,361 19,209 1,663 16,450 9,662 53,694 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 532,954 32,021 218,316 21,891 31,202 31,839 36,648 60,361 19,209 1,663 16,450 9,662 53,694 Total loans and securities 553,471 32,022 238,670 21,891 31,203 31,840 36,653 60,395 19,222 1,736 16,471 9,668 53,701 Items in process of collection 14,350 989 1,624 771 703 1,210 1,898 1,105 626 777 928 655 3,064 Bank premises 1,510 93 167 50 153 131 291 106 38 124 49 137 171 Other assets(5) 34,648 1,796 12,524 1,264 2,045 4,694 2,331 3,267 928 650 936 774 3,437 Interdistrict settlement account 0 - 835 - 4,033 - 640 - 1,337 + 8,759 - 1,597 + 687 - 441 + 4,308 - 784 + 1,501 - 5,587 TOTAL ASSETS 618,315 34,799 254,336 23,933 33,479 47,702 40,728 66,929 20,849 7,807 18,052 13,419 56,283 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 $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,158 million of inflation-indexed securities valued at the original face amount and $ 269 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,888 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 July 4, 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 570,500 31,906 241,070 22,311 30,911 41,717 37,534 61,774 19,429 6,270 16,285 11,900 49,393 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,822 914 1,726 459 948 1,428 879 2,359 517 279 711 632 1,972 U.S. Treasury--general account 5,684 0 5,684 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 79 2 55 1 2 7 2 3 1 1 1 1 3 Other 302 1 140 0 3 137 2 1 1 2 10 1 4 Total deposits 18,886 916 7,605 461 953 1,573 883 2,362 518 281 721 634 1,979 Deferred credit items 11,181 908 1,292 545 526 917 963 934 451 735 522 442 2,947 Other liabilities and accrued dividends (2) 3,071 192 1,055 139 181 234 254 331 130 59 119 97 279 TOTAL LIABILITIES 603,638 33,922 251,022 23,455 32,571 44,441 39,633 65,402 20,527 7,345 17,648 13,073 54,598 CAPITAL ACCOUNTS Capital paid in 7,143 417 1,466 222 404 1,700 527 724 148 375 194 152 813 Surplus 6,598 358 1,468 228 472 1,561 495 632 138 87 179 188 792 Other capital accounts 936 101 381 28 32 0 72 171 36 0 30 5 79 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 618,315 34,799 254,336 23,933 33,479 47,702 40,728 66,929 20,849 7,807 18,052 13,419 56,283 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 735,350 35,819 293,482 30,017 35,698 54,462 59,542 69,718 22,463 9,154 20,349 31,727 72,919 Less--Held by F.R. Banks 164,851 3,913 52,412 7,707 4,787 12,745 22,008 7,944 3,034 2,884 4,063 19,827 23,526 F.R. notes, net 570,500 31,906 241,070 22,311 30,911 41,717 37,534 61,774 19,429 6,270 16,285 11,900 49,393 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 3,942 U.S. govt. and agency securities(3) 553,314 Total collateral 570,500 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.