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 March 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 Mar 21, 2001 Mar 14, 2001 Mar 22, 2000 Mar 21, 2001 Reserve Bank Credit 581,260 + 6,147 + 24,802 597,305 U.S. government securities (1) Bought outright-system account (2,3) 522,353 - 452 + 21,920 523,302 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 140 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 22,824 + 6,111 + 991 38,550 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 20 + 6 - 216 2 Seasonal credit 22 + 2 - 49 25 Extended credit 0 0 0 0 Float 306 - 46 - 38 -527 Other F.R. assets 35,725 + 525 + 2,334 35,943 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,986 + 14 + 3,073 31,986 Total factors supplying reserve funds 626,492 + 6,160 + 23,873 642,537 Currency in circulation* 585,128 + 250 + 21,678 586,266 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 495 - 9 + 327 491 Deposits,other than reserve balances,with F.R.Banks Treasury 6,709 + 1,816 + 1,034 4,662 Foreign 83 + 4 - 19 74 Service-related balances and adjustments (5) 6,937 - 173 + 215 6,937 Other 237 - 26 + 47 241 Other F.R. liabilities and capital 18,318 - 25 - 788 18,036 Total factors, other than reserve balances, absorbing reserve funds 617,908 + 1,839 + 22,495 616,708 Reserve balances with F.R. Banks (6) 8,584 + 4,322 + 1,378 25,830 On March 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 $ 726,879 million, a change of $ - 3,372 million for the week. The total includes $ 607,684 million of U.S. government securities and $ 119,195 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 $ 18,834 million (daily average over statement week) and $ 18,033 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,834 million (daily average) and $ 18,033 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 353 million (daily average) and $ 1,600 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 $ 584 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 $ 6,272 million and adjustments of $ 665 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 Mar 21, 2001 Mar 14, 2001 Mar 22, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,146 + 20 + 708 Loans 27 - 85 - 1,602 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 38,550 + 21,055 + 15,695 Federal agency obligations (2) Bought outright 10 0 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,411 - 116 - 12,975 Notes (3) 243,056 + 8 + 25,206 Bonds (4) 95,835 + 3 + 10,578 Total bought outright (5) 523,302 - 105 + 22,810 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 523,302 - 105 + 22,810 Total loans and securities 561,889 + 20,865 + 36,763 Items in process of collection (1,107) 8,102 + 579 + 378 Bank premises 1,479 + 2 + 95 Other assets (6) 34,555 + 486 + 2,445 TOTAL ASSETS (1,107) 620,417 + 21,953 + 36,386 LIABILITIES Federal Reserve notes 555,917 + 186 + 19,979 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 33,715 + 21,751 + 16,459 U.S. Treasury--general account 4,662 + 98 - 202 Foreign--official accounts 74 + 1 - 10 Other (0) 241 - 6 + 57 Total deposits (0) 38,692 + 21,844 + 16,304 Deferred availability cash items (1,107) 7,772 - 37 + 884 Other liabilities and accrued dividends (7) 3,843 - 82 - 968 TOTAL LIABILITIES (1,107) 606,224 + 21,911 + 36,200 CAPITAL ACCOUNTS Capital paid in 7,023 0 + 324 Surplus 6,455 + 33 + 24 Other capital accounts 715 + 10 - 161 *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 $ 453 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 $ 131 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,033 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,600 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, March 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 27 18,933 + 4,934 0 0 34,555 0 16 to 90 days 0 117,213 - 4,801 0 0 3,995 0 91 days to 1 year 0 123,202 - 249 0 0 ------ ------ Over 1 to 5 years 135,445 + 2 10 0 ------ ------ Over 5 to 10 years 54,913 + 7 0 0 ------ ------ Over 10 years 73,597 + 3 0 0 ------ ------ Total 27 523,302 - 105 10 0 38,550 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 584 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 March 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 1,146 72 82 67 75 159 98 148 68 46 77 109 146 Loans 27 0 0 0 0 0 0 9 10 3 2 0 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 38,550 0 38,550 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 184,411 10,587 71,183 7,681 10,320 10,825 12,275 22,058 7,005 776 6,145 5,456 20,099 Notes (3) 243,056 13,953 93,820 10,123 13,602 14,268 16,178 29,073 9,233 1,023 8,100 7,191 26,491 Bonds (4) 95,835 5,502 36,993 3,992 5,363 5,626 6,379 11,463 3,641 403 3,194 2,836 10,445 Total bought outright(5) 523,302 30,042 201,996 21,796 29,285 30,719 34,832 62,595 19,879 2,203 17,439 15,483 57,034 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 523,302 30,042 201,996 21,796 29,285 30,719 34,832 62,595 19,879 2,203 17,439 15,483 57,034 Total loans and securities 561,889 30,043 240,550 21,796 29,285 30,720 34,833 62,605 19,890 2,206 17,441 15,484 57,038 Items in process of collection 9,209 716 1,065 556 293 641 891 664 341 602 516 195 2,730 Bank premises 1,479 94 167 50 154 129 264 104 36 125 49 138 169 Other assets(5) 34,555 1,749 11,945 1,274 2,013 4,859 2,236 3,335 938 702 969 959 3,578 Interdistrict settlement account 0 + 2,820 + 3,445 + 345 + 1,381 + 7,557 + 553 - 1,806 - 1,445 + 3,421 - 1,504 - 7,039 - 7,728 TOTAL ASSETS 621,524 36,143 262,554 24,585 33,826 44,962 39,842 66,326 20,258 7,289 17,953 10,456 57,329 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 453 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 $ 131 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,033 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,600 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 March 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 555,917 32,214 238,992 22,165 30,518 36,657 35,903 60,801 18,735 4,769 16,289 8,990 49,885 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 33,715 2,172 13,250 1,149 1,782 4,122 1,666 2,923 798 1,501 632 610 3,111 U.S. Treasury--general account 4,662 0 4,662 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 74 2 50 1 2 7 2 3 1 1 1 1 3 Other 241 1 141 0 2 69 3 2 1 2 8 0 12 Total deposits 38,692 2,174 18,103 1,150 1,786 4,198 1,671 2,927 799 1,504 641 611 3,126 Deferred credit items 8,879 657 988 614 360 775 945 706 263 444 491 356 2,281 Other liabilities and accrued dividends (2) 3,843 231 1,293 173 224 278 300 429 162 69 153 144 388 TOTAL LIABILITIES 607,331 35,276 259,376 24,102 32,888 41,907 38,819 64,863 19,959 6,787 17,573 10,101 55,679 CAPITAL ACCOUNTS Capital paid in 7,023 416 1,451 227 431 1,680 489 695 137 372 180 150 793 Surplus 6,455 358 1,468 228 472 1,374 495 632 138 130 179 188 792 Other capital accounts 715 93 260 27 34 0 39 136 24 0 21 17 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 621,524 36,143 262,554 24,585 33,826 44,962 39,842 66,326 20,258 7,289 17,953 10,456 57,329 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 742,461 36,739 297,683 30,839 36,194 52,047 58,986 70,583 22,858 9,370 21,147 31,633 74,382 Less--Held by F.R. Banks 186,544 4,525 58,691 8,673 5,676 15,391 23,083 9,782 4,123 4,601 4,859 22,643 24,498 F.R. notes, net 555,917 32,214 238,992 22,165 30,518 36,657 35,903 60,801 18,735 4,769 16,289 8,990 49,885 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) 542,671 Total collateral 555,917 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.