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 29, 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 28, 2001 Mar 21, 2001 Mar 29, 2000 Mar 28, 2001 Reserve Bank Credit 576,109 - 5,145 + 22,121 575,738 U.S. government securities (1) Bought outright-system account (2,3) 523,930 + 1,577 + 22,226 524,946 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) 15,926 - 6,898 - 1,980 15,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 17 - 60 0 Seasonal credit 18 - 4 - 64 15 Extended credit 0 0 0 0 Float 51 - 249 - 283 -1,211 Other F.R. assets 36,171 + 446 + 2,422 36,477 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 32,000 + 14 + 3,042 32,000 Total factors supplying reserve funds 621,355 - 5,131 + 21,161 620,984 Currency in circulation* 585,187 + 59 + 22,196 586,448 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 489 - 6 + 319 478 Deposits,other than reserve balances,with F.R.Banks Treasury 4,621 - 2,088 - 446 4,764 Foreign 98 + 15 - 19 145 Service-related balances and adjustments (5) 6,710 - 227 - 196 6,710 Other 296 + 59 + 114 251 Other F.R. liabilities and capital 18,325 + 7 - 781 18,020 Total factors, other than reserve balances, absorbing reserve funds 615,727 - 2,181 + 21,189 616,815 Reserve balances with F.R. Banks (6) 5,629 - 2,949 - 27 4,169 On March 28, 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 $ 724,855 million, a change of $ - 2,024 million for the week. The total includes $ 604,562 million of U.S. government securities and $ 120,293 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 $ 17,523 million (daily average over statement week) and $ 17,132 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,523 million (daily average) and $ 17,132 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 435 million (daily average) and $ 2,268 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 $ 595 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 $ 6,318 million and adjustments of $ 391 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 28, 2001 Mar 21, 2001 Mar 29, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,147 + 1 + 691 Loans 16 - 11 - 108 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 15,500 - 23,050 - 2,920 Federal agency obligations (2) Bought outright 10 0 - 140 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 185,333 + 922 - 12,760 Notes (3) 243,658 + 602 + 24,576 Bonds (4) 95,956 + 121 + 10,368 Total bought outright (5) 524,946 + 1,644 + 22,184 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 524,946 + 1,644 + 22,184 Total loans and securities 540,472 - 21,417 + 19,016 Items in process of collection (988) 6,681 - 1,421 + 447 Bank premises 1,479 0 + 95 Other assets (6) 34,985 + 430 + 2,309 TOTAL ASSETS (988) 598,010 - 22,407 + 18,556 LIABILITIES Federal Reserve notes 556,072 + 155 + 20,171 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 11,230 - 22,485 - 1,541 U.S. Treasury--general account 4,764 + 102 - 524 Foreign--official accounts 145 + 71 + 65 Other (0) 251 + 10 + 70 Total deposits (0) 16,389 - 22,303 - 1,930 Deferred availability cash items (988) 7,529 - 243 + 1,116 Other liabilities and accrued dividends (7) 3,817 - 26 - 1,016 TOTAL LIABILITIES (988) 583,808 - 22,416 + 18,341 CAPITAL ACCOUNTS Capital paid in 7,029 + 6 + 323 Surplus 6,489 + 34 + 58 Other capital accounts 685 - 30 - 164 *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 $ 462 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 $ 134 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,268 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 28, 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 16 20,700 + 1,767 0 0 11,500 0 16 to 90 days 0 116,999 - 214 0 0 4,000 0 91 days to 1 year 0 122,571 - 631 0 0 ------ ------ Over 1 to 5 years 136,156 + 711 10 0 ------ ------ Over 5 to 10 years 54,921 + 8 0 0 ------ ------ Over 10 years 73,599 + 2 0 0 ------ ------ Total 16 524,946 + 1,644 10 0 15,500 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 595 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 28, 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 1,147 75 81 67 72 160 97 147 70 46 79 108 146 Loans 16 1 0 0 0 0 0 8 2 3 0 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 15,500 0 15,500 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 185,333 10,640 71,539 7,719 10,371 10,879 12,336 22,169 7,040 780 6,176 5,484 20,199 Notes (3) 243,658 13,988 94,052 10,148 13,635 14,303 16,218 29,145 9,256 1,026 8,120 7,209 26,556 Bonds (4) 95,956 5,509 37,039 3,997 5,370 5,633 6,387 11,478 3,645 404 3,198 2,839 10,458 Total bought outright(5) 524,946 30,136 202,630 21,864 29,377 30,816 34,942 62,791 19,941 2,210 17,494 15,532 57,214 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 524,946 30,136 202,630 21,864 29,377 30,816 34,942 62,791 19,941 2,210 17,494 15,532 57,214 Total loans and securities 540,472 30,138 218,134 21,865 29,377 30,816 34,942 62,800 19,944 2,213 17,494 15,532 57,215 Items in process of collection 7,669 620 893 437 177 579 608 517 325 462 465 286 2,300 Bank premises 1,479 94 167 50 154 129 265 104 36 125 49 138 168 Other assets(5) 34,985 1,774 12,055 1,297 2,045 4,880 2,274 3,401 960 705 987 976 3,633 Interdistrict settlement account 0 + 1,124 +13,774 - 542 + 603 + 4,734 + 135 - 3,312 - 1,858 + 2,840 - 1,610 - 7,040 - 8,847 TOTAL ASSETS 598,999 34,476 250,406 23,671 33,052 42,196 39,288 64,933 19,906 6,579 17,870 10,611 56,011 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 $ 462 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 $ 134 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,132 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,268 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 28, 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 556,072 32,097 238,423 22,177 30,389 37,160 35,897 60,676 18,676 5,009 16,206 9,244 50,119 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 11,230 593 1,608 365 1,147 923 1,117 1,690 518 516 691 488 1,575 U.S. Treasury--general account 4,764 0 4,764 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 145 2 121 1 2 7 2 3 1 1 1 1 3 Other 251 2 136 2 2 64 13 1 1 1 7 1 22 Total deposits 16,389 596 6,629 368 1,151 994 1,132 1,693 519 519 698 490 1,600 Deferred credit items 8,517 688 900 476 354 674 939 678 255 481 433 379 2,259 Other liabilities and accrued dividends (2) 3,817 227 1,283 171 222 280 298 429 161 67 153 144 383 TOTAL LIABILITIES 584,796 33,608 247,236 23,191 32,117 39,108 38,265 63,475 19,612 6,076 17,490 10,256 54,362 CAPITAL ACCOUNTS Capital paid in 7,029 416 1,451 228 431 1,680 489 695 137 372 183 150 795 Surplus 6,489 358 1,468 228 472 1,407 495 632 138 131 179 188 792 Other capital accounts 685 92 252 24 32 0 39 132 20 0 17 16 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 598,999 34,476 250,406 23,671 33,052 42,196 39,288 64,933 19,906 6,579 17,870 10,611 56,011 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 741,569 36,575 296,948 30,795 36,066 52,231 59,050 70,346 22,754 9,382 21,051 31,823 74,548 Less--Held by F.R. Banks 185,497 4,477 58,525 8,619 5,677 15,071 23,153 9,670 4,078 4,373 4,845 22,578 24,428 F.R. notes, net 556,072 32,097 238,423 22,177 30,389 37,160 35,897 60,676 18,676 5,009 16,206 9,244 50,119 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 2,370 U.S. govt. and agency securities(3) 540,456 Total collateral 556,072 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.