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 23, 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 22, 2001 Aug 15, 2001 Aug 23, 2000 Aug 22, 2001 Reserve Bank Credit 601,174 + 2,568 + 43,245 611,085 U.S. government securities (1) Bought outright-system account (2,3) 540,821 + 1,275 + 31,054 540,778 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) 24,553 + 3,884 + 11,272 34,265 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 + 3 - 4 23 Seasonal credit 164 - 21 - 401 147 Extended credit 0 0 0 0 Float -62 - 72 - 1,021 -91 Other F.R. assets 35,677 - 2,503 + 2,473 35,954 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,768 + 14 + 2,297 32,768 Total factors supplying reserve funds 647,186 + 2,583 + 43,540 657,096 Currency in circulation* 607,231 + 528 + 38,164 608,965 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 412 - 4 + 255 409 Deposits,other than reserve balances,with F.R.Banks Treasury 5,313 + 240 + 489 5,115 Foreign 72 - 6 - 29 75 Service-related balances and adjustments (5) 7,486 + 33 + 665 7,486 Other 305 - 6 + 71 285 Other F.R. liabilities and capital 18,463 + 86 + 3,229 17,924 Total factors, other than reserve balances, absorbing reserve funds 639,283 + 871 + 42,845 640,258 Reserve balances with F.R. Banks (6) 7,902 + 1,711 + 694 16,838 On August 22, 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 $ 719,086 million, a change of $ + 2,335 million for the week. The total includes $ 590,925 million of U.S. government securities and $ 128,160 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 $ 17,512 million (daily average over statement week) and $ 17,667 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,512 million (daily average) and $ 17,667 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,051 million (daily average) and $ 890 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 $ 892 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 $ 344 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 22, 2001 Aug 15, 2001 Aug 23, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,123 + 11 + 344 Loans 169 - 23 - 418 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 34,265 + 6,920 + 15,935 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,986 - 357 - 4,223 Notes (3) 255,779 + 1,386 + 23,462 Bonds (4) 101,013 + 2 + 10,876 Total bought outright (5) 540,778 + 1,032 + 30,114 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 540,778 + 1,032 + 30,114 Total loans and securities 575,222 + 7,929 + 45,502 Items in process of collection (822) 6,841 - 455 - 136 Bank premises 1,512 + 2 + 91 Other assets (6) 34,274 + 553 + 2,265 TOTAL ASSETS (822) 632,216 + 8,042 + 46,063 LIABILITIES Federal Reserve notes 577,729 + 1,002 + 37,671 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 24,059 + 6,622 + 5,060 U.S. Treasury--general account 5,115 + 1,046 - 35 Foreign--official accounts 75 + 4 + 4 Other (0) 285 - 37 + 82 Total deposits (0) 29,534 + 7,635 + 5,111 Deferred availability cash items (822) 7,029 - 280 + 304 Other liabilities and accrued dividends (7) 3,068 + 6 - 1,261 TOTAL LIABILITIES (822) 617,359 + 8,362 + 41,825 CAPITAL ACCOUNTS Capital paid in 7,169 + 9 + 271 Surplus 6,750 + 3 + 4,071 Other capital accounts 938 - 333 - 103 *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 $ 572 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 $ 320 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 7 Includes exchange-translation account reflecting the daily 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 22, 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 154 23,169 + 6,464 0 0 28,260 0 16 to 90 days 15 111,370 - 2,597 0 0 6,005 0 91 days to 1 year 0 132,549 - 2,839 0 0 ------ ------ Over 1 to 5 years 141,175 0 10 0 ------ ------ Over 5 to 10 years 54,874 + 2 0 0 ------ ------ Over 10 years 77,641 + 2 0 0 ------ ------ Total 169 540,778 + 1,032 10 0 34,265 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 892 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 22, 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 1,123 64 59 58 70 181 134 138 61 35 70 113 140 Loans 169 0 0 1 0 0 7 38 8 64 19 4 29 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 34,265 0 34,265 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 183,986 11,054 75,367 7,557 10,771 10,991 12,651 20,838 6,631 574 5,679 3,335 18,536 Notes (3) 255,779 15,368 104,775 10,506 14,975 15,280 17,588 28,969 9,219 798 7,895 4,637 25,769 Bonds (4) 101,013 6,069 41,378 4,149 5,914 6,035 6,946 11,441 3,641 315 3,118 1,831 10,177 Total bought outright(5) 540,778 32,491 221,520 22,212 31,660 32,306 37,186 61,247 19,491 1,687 16,691 9,803 54,482 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 540,778 32,491 221,520 22,212 31,660 32,306 37,186 61,247 19,491 1,687 16,691 9,803 54,482 Total loans and securities 575,222 32,492 255,790 22,213 31,660 32,307 37,193 61,287 19,500 1,752 16,710 9,807 54,512 Items in process of collection 7,663 537 818 382 367 507 560 524 269 581 460 315 2,342 Bank premises 1,512 93 169 50 153 132 285 107 40 124 49 137 173 Other assets(5) 34,274 1,769 12,266 1,182 2,032 4,847 2,263 3,207 903 686 924 776 3,419 Interdistrict settlement account 0 - 265 -10,414 - 1,124 - 1,909 +12,135 + 2,399 + 2,110 - 671 + 4,119 - 1,041 + 1,734 - 7,073 TOTAL ASSETS 633,038 35,350 264,011 23,297 33,015 50,997 43,872 68,614 20,517 7,469 17,557 13,457 54,881 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 $ 572 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 $ 320 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,667 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 890 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 22, 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 577,729 31,638 247,494 21,848 29,731 42,894 40,364 63,678 19,264 6,056 16,095 11,970 46,696 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 24,059 2,138 6,070 431 1,557 3,657 1,407 2,481 620 496 577 697 3,930 U.S. Treasury--general account 5,115 0 5,115 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 75 2 51 1 2 7 2 3 1 1 1 1 3 Other 285 3 128 0 2 133 4 1 0 0 7 1 5 Total deposits 29,534 2,143 11,364 432 1,561 3,797 1,413 2,485 621 497 585 699 3,938 Deferred credit items 7,851 513 926 406 372 603 728 593 184 556 364 326 2,278 Other liabilities and accrued dividends (2) 3,068 188 1,037 138 178 251 253 326 129 65 121 98 283 TOTAL LIABILITIES 618,181 34,482 260,820 22,824 31,842 47,545 42,758 67,082 20,198 7,174 17,165 13,093 53,196 CAPITAL ACCOUNTS Capital paid in 7,169 417 1,467 221 603 1,701 537 736 149 174 188 162 814 Surplus 6,750 358 1,468 228 472 1,679 495 632 138 121 179 188 792 Other capital accounts 938 93 257 24 98 72 82 164 32 0 25 13 80 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 633,038 35,350 264,011 23,297 33,015 50,997 43,872 68,614 20,517 7,469 17,557 13,457 54,881 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 738,738 36,008 290,393 29,463 35,592 55,498 63,551 71,974 22,874 9,057 20,066 32,329 71,934 Less--Held by F.R. Banks 161,010 4,371 42,899 7,615 5,860 12,604 23,188 8,296 3,610 3,000 3,970 20,359 25,238 F.R. notes, net 577,729 31,638 247,494 21,848 29,731 42,894 40,364 63,678 19,264 6,056 16,095 11,970 46,696 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) 564,485 Total collateral 577,729 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.