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 August 16, 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 Aug 15, 2001 Aug 8, 2001 Aug 16, 2000 Aug 15, 2001 Reserve Bank Credit 598,605 + 1,098 + 40,455 602,852 U.S. government securities (1) Bought outright-system account (2,3) 539,546 + 2,847 + 28,793 539,746 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) 20,669 - 1,595 + 9,847 27,345 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 7 - 40 - 2 1 Seasonal credit 185 + 6 - 354 191 Extended credit 0 0 0 0 Float 9 - 268 - 890 159 Other F.R. assets 38,180 + 148 + 3,192 35,400 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,754 + 14 + 2,322 32,754 Total factors supplying reserve funds 644,603 + 1,113 + 40,776 648,849 Currency in circulation* 606,703 + 1,240 + 36,631 607,957 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 416 + 1 + 276 412 Deposits,other than reserve balances,with F.R.Banks Treasury 5,073 + 400 - 153 4,069 Foreign 78 - 28 - 2 71 Service-related balances and adjustments (5) 7,453 - 149 + 629 7,453 Other 311 + 1 + 56 322 Other F.R. liabilities and capital 18,377 + 344 + 3,131 18,240 Total factors, other than reserve balances, absorbing reserve funds 638,412 + 1,810 + 40,568 638,523 Reserve balances with F.R. Banks (6) 6,190 - 699 + 206 10,326 On August 15, 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 $ 716,751 million, a change of $ + 8,102 million for the week. The total includes $ 586,529 million of U.S. government securities and $ 130,222 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 $ 17,230 million (daily average over statement week) and $ 17,059 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,230 million (daily average) and $ 17,059 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,456 million (daily average) and $ 3,381 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 $ 888 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 $ 312 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 Aug 15, 2001 Aug 8, 2001 Aug 16, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,112 - 3 + 357 Loans 192 + 10 - 365 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,345 - 1,150 + 17,325 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,343 + 3,131 - 6,985 Notes (3) 254,393 - 237 + 22,629 Bonds (4) 101,011 + 242 + 11,080 Total bought outright (5) 539,746 + 3,135 + 26,723 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 539,746 + 3,135 + 26,723 Total loans and securities 567,293 + 1,995 + 43,552 Items in process of collection (873) 7,296 - 967 - 863 Bank premises 1,510 + 3 + 89 Other assets (6) 33,721 - 2,836 + 2,138 TOTAL ASSETS (873) 624,174 - 1,810 + 43,270 LIABILITIES Federal Reserve notes 576,727 + 658 + 35,460 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 17,437 - 1,898 + 4,199 U.S. Treasury--general account 4,069 - 733 + 126 Foreign--official accounts 71 - 8 - 12 Other (0) 322 + 17 + 63 Total deposits (0) 21,899 - 2,621 + 4,375 Deferred availability cash items (873) 7,309 - 219 + 104 Other liabilities and accrued dividends (7) 3,062 - 7 - 1,282 TOTAL LIABILITIES (873) 608,997 - 2,189 + 38,656 CAPITAL ACCOUNTS Capital paid in 7,160 - 8 + 256 Surplus 6,747 + 18 + 4,068 Other capital accounts 1,271 + 369 + 290 *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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 569 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 $ 319 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,059 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,381 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, August 15, 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 32 16,705 - 1,113 0 0 21,345 0 16 to 90 days 159 113,967 + 774 0 0 6,000 0 91 days to 1 year 0 135,388 + 5,444 0 0 ------ ------ Over 1 to 5 years 141,175 - 3,557 10 0 ------ ------ Over 5 to 10 years 54,872 + 1,045 0 0 ------ ------ Over 10 years 77,639 + 542 0 0 ------ ------ Total 192 539,746 + 3,135 10 0 27,345 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 888 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 August 15, 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 1,112 66 57 58 71 180 130 137 60 36 70 113 134 Loans 192 0 0 0 1 0 7 53 10 76 29 8 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,345 0 27,345 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 184,343 11,076 75,513 7,572 10,792 11,013 12,676 20,878 6,644 575 5,690 3,342 18,572 Notes (3) 254,393 15,284 104,208 10,449 14,893 15,198 17,493 28,812 9,169 794 7,852 4,612 25,629 Bonds (4) 101,011 6,069 41,377 4,149 5,914 6,034 6,946 11,440 3,641 315 3,118 1,831 10,177 Total bought outright(5) 539,746 32,429 221,098 22,169 31,599 32,245 37,115 61,131 19,454 1,684 16,659 9,785 54,378 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 539,746 32,429 221,098 22,169 31,599 32,245 37,115 61,131 19,454 1,684 16,659 9,785 54,378 Total loans and securities 567,293 32,430 248,447 22,170 31,601 32,245 37,122 61,185 19,465 1,760 16,689 9,793 54,387 Items in process of collection 8,169 581 982 492 298 603 642 484 358 513 457 437 2,322 Bank premises 1,510 93 169 50 153 132 285 107 38 124 49 137 173 Other assets(5) 33,721 1,736 12,054 1,160 2,000 4,803 2,223 3,148 886 680 907 765 3,359 Interdistrict settlement account 0 - 1,182 - 7,167 - 713 - 1,979 +11,380 + 1,327 + 3,170 - 570 + 3,956 - 861 + 1,295 - 8,653 TOTAL ASSETS 625,048 34,384 259,864 23,753 32,786 50,230 42,766 69,472 20,651 7,242 17,694 13,113 53,091 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 $ 569 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 $ 319 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,059 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,381 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 August 15, 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 576,727 31,876 247,225 21,867 29,861 42,804 39,689 63,689 19,329 6,059 16,085 11,671 46,572 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,437 826 3,101 804 1,306 2,851 905 3,211 619 315 692 638 2,171 U.S. Treasury--general account 4,069 0 4,069 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 71 2 47 1 2 7 2 3 1 1 1 1 3 Other 322 4 142 0 3 159 3 2 3 0 3 1 1 Total deposits 21,899 831 7,359 805 1,311 3,017 910 3,215 623 317 695 639 2,176 Deferred credit items 8,183 601 957 453 297 625 767 675 243 511 388 335 2,328 Other liabilities and accrued dividends (2) 3,062 186 1,040 139 179 239 255 330 130 64 119 100 279 TOTAL LIABILITIES 609,870 33,494 256,582 23,264 31,649 46,686 41,621 67,910 20,325 6,951 17,287 12,745 51,355 CAPITAL ACCOUNTS Capital paid in 7,160 417 1,467 222 603 1,701 537 729 149 173 188 162 813 Surplus 6,747 358 1,468 228 472 1,679 495 632 138 118 179 188 792 Other capital accounts 1,271 115 349 39 62 164 113 201 39 0 40 18 131 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 625,048 34,384 259,864 23,753 32,786 50,230 42,766 69,472 20,651 7,242 17,694 13,113 53,091 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 738,144 36,114 291,403 29,507 35,457 55,225 62,740 72,059 22,885 9,035 20,070 31,967 71,682 Less--Held by F.R. Banks 161,417 4,239 44,178 7,640 5,596 12,421 23,050 8,370 3,556 2,977 3,985 20,295 25,110 F.R. notes, net 576,727 31,876 247,225 21,867 29,861 42,804 39,689 63,689 19,329 6,059 16,085 11,671 46,572 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) 563,483 Total collateral 576,727 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.