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 February 22, 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 Feb 21, 2001 Feb 14, 2001 Feb 23, 2000 Feb 21, 2001 Reserve Bank Credit 577,179 + 4,505 + 20,130 587,429 U.S. government securities (1) Bought outright-system account (2,3) 519,669 + 3,760 + 17,476 521,118 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 81 - 29 - 69 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 21,976 + 4,219 + 935 28,765 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 13 - 11 - 29 17 Seasonal credit 17 - 6 - 35 15 Extended credit 0 0 0 0 Float 982 - 588 - 28 2,850 Other F.R. assets 34,441 - 2,839 + 1,895 34,653 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,741 + 14 + 3,169 31,741 Total factors supplying reserve funds 622,165 + 4,519 + 19,295 632,415 Currency in circulation* 583,833 + 2,227 + 17,838 584,780 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 488 + 3 + 326 487 Deposits,other than reserve balances,with F.R.Banks Treasury 4,836 - 187 - 498 4,100 Foreign 107 + 28 + 26 77 Service-related balances and adjustments (5) 6,531 - 3 - 427 6,531 Other 257 - 66 + 19 256 Other F.R. liabilities and capital 18,162 - 70 - 661 17,935 Total factors, other than reserve balances, absorbing reserve funds 614,214 + 1,932 + 16,624 614,166 Reserve balances with F.R. Banks (6) 7,950 + 2,586 + 2,670 18,249 On February 21, 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 $ 703,187 million, a change of $ - 1,772 million for the week. The total includes $ 593,876 million of U.S. government securities and $ 109,311 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 $ 15,907 million (daily average over statement week) and $ 15,876 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,907 million (daily average) and $ 15,876 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 806 million (daily average) and $ 1,335 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 553 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 $ 6,074 million and adjustments of $ 456 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 Feb 21, 2001 Feb 14, 2001 Feb 23, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,112 - 8 + 687 Loans 32 - 3 - 85 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 28,765 + 11,255 + 4,510 Federal agency obligations (2) Bought outright 10 - 100 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,912 + 4,194 - 13,414 Notes (3) 242,437 + 1,497 + 24,594 Bonds (4) 94,770 + 866 + 9,516 Total bought outright (5) 521,118 + 6,557 + 20,695 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 521,118 + 6,557 + 20,695 Total loans and securities 549,925 + 17,709 + 24,980 Items in process of collection (637) 14,267 + 770 + 982 Bank premises 1,469 0 + 94 Other assets (6) 33,240 - 2,931 + 1,853 TOTAL ASSETS (637) 613,259 + 15,540 + 24,594 LIABILITIES Federal Reserve notes 554,638 + 1,487 + 16,342 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 24,993 + 13,068 + 8,454 U.S. Treasury--general account 4,100 - 2,613 - 718 Foreign--official accounts 77 + 5 - 30 Other (0) 256 - 30 + 18 Total deposits (0) 29,427 + 10,431 + 7,724 Deferred availability cash items (637) 11,259 + 3,608 + 1,203 Other liabilities and accrued dividends (7) 3,907 - 73 - 782 TOTAL LIABILITIES (637) 599,231 + 15,453 + 24,487 CAPITAL ACCOUNTS Capital paid in 7,014 + 2 + 317 Surplus 6,367 + 34 - 64 Other capital accounts 648 + 53 - 144 *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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 430 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,876 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,335 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, February 21, 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 17,859 - 4,191 0 0 24,760 0 16 to 90 days 0 118,797 + 5,832 0 0 4,005 0 91 days to 1 year 0 121,988 + 1,144 0 0 ------ ------ Over 1 to 5 years 134,992 + 4,746 10 - 100 ------ ------ Over 5 to 10 years 54,894 - 1,855 0 0 ------ ------ Over 10 years 72,589 + 882 0 0 ------ ------ Total 32 521,118 + 6,557 10 - 100 28,765 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 553 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 February 21, 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 1,112 63 75 63 75 141 109 141 61 45 76 110 152 Loans 32 1 0 0 0 0 1 21 2 1 3 1 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 28,765 0 28,765 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 183,912 10,558 70,990 7,660 10,292 10,796 12,242 21,999 6,986 774 6,129 5,442 20,044 Notes (3) 242,437 13,918 93,581 10,098 13,567 14,232 16,137 28,999 9,209 1,021 8,079 7,173 26,423 Bonds (4) 94,770 5,441 36,581 3,947 5,303 5,563 6,308 11,336 3,600 399 3,158 2,804 10,329 Total bought outright(5) 521,118 29,917 201,153 21,705 29,162 30,591 34,687 62,333 19,796 2,194 17,366 15,419 56,796 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 521,118 29,917 201,153 21,705 29,162 30,591 34,687 62,333 19,796 2,194 17,366 15,419 56,796 Total loans and securities 549,925 29,918 229,922 21,705 29,163 30,591 34,688 62,356 19,798 2,194 17,369 15,420 56,800 Items in process of collection 14,905 1,231 1,740 702 695 1,045 1,467 1,169 578 1,037 1,050 757 3,433 Bank premises 1,469 94 167 50 154 128 257 104 36 125 49 138 168 Other assets(5) 33,240 1,678 11,336 1,182 1,946 4,824 2,159 3,199 910 706 930 925 3,448 Interdistrict settlement account 0 + 3,910 + 9,324 - 8 + 1,199 + 3,767 + 1,398 - 1,654 - 1,190 + 733 - 2,009 - 7,570 - 7,900 TOTAL ASSETS 613,897 37,543 257,865 24,192 33,855 41,393 41,047 66,590 20,623 5,028 17,871 10,392 57,496 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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 430 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 123 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,876 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,335 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 February 21, 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 554,638 32,222 239,152 22,487 30,763 35,141 36,967 60,354 19,049 2,754 16,321 8,836 50,592 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 24,993 3,391 8,326 501 1,431 1,887 1,410 3,386 755 1,021 522 604 1,759 U.S. Treasury--general account 4,100 0 4,100 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 77 2 54 1 2 7 2 3 1 1 1 1 3 Other 256 4 136 2 3 86 1 2 2 1 14 2 6 Total deposits 29,427 3,397 12,615 504 1,436 1,981 1,413 3,390 757 1,023 537 607 1,768 Deferred credit items 11,896 918 1,578 534 476 1,033 1,340 958 353 679 479 450 3,096 Other liabilities and accrued dividends (2) 3,907 233 1,323 177 221 275 306 441 165 66 156 144 400 TOTAL LIABILITIES 599,868 36,771 254,669 23,702 32,896 38,430 40,026 65,143 20,325 4,523 17,492 10,037 55,856 CAPITAL ACCOUNTS Capital paid in 7,014 369 1,468 238 457 1,680 488 688 138 372 180 150 784 Surplus 6,367 358 1,468 228 472 1,283 495 632 138 134 179 188 792 Other capital accounts 648 45 261 24 31 0 38 127 22 0 20 17 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 613,897 37,543 257,865 24,192 33,855 41,393 41,047 66,590 20,623 5,028 17,871 10,392 57,496 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 745,316 37,086 298,580 31,317 36,525 51,263 59,464 70,700 23,030 9,392 21,400 31,637 74,921 Less--Held by F.R. Banks 190,678 4,864 59,428 8,830 5,762 16,122 22,497 10,346 3,980 6,638 5,079 22,801 24,329 F.R. notes, net 554,638 32,222 239,152 22,487 30,763 35,141 36,967 60,354 19,049 2,754 16,321 8,836 50,592 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 541,393 Total collateral 554,638 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.