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 April 12, 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 Apr 11, 2001 Apr 4, 2001 Apr 12, 2000 Apr 11, 2001 Reserve Bank Credit 578,408 - 2,417 + 21,075 582,350 U.S. government securities (1) Bought outright-system account (2,3) 522,228 - 1,099 + 19,635 523,899 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 136 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 19,247 - 2,237 + 105 18,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 - 76 - 467 4 Seasonal credit 35 + 17 - 70 35 Extended credit 0 0 0 0 Float 1,084 + 921 + 974 3,457 Other F.R. assets 35,800 + 57 + 1,034 36,195 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 32,028 + 14 + 2,800 32,028 Total factors supplying reserve funds 623,682 - 2,404 + 19,872 627,625 Currency in circulation* 587,773 + 1,239 + 22,553 589,263 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 486 + 7 + 289 501 Deposits,other than reserve balances,with F.R.Banks Treasury 5,010 - 661 - 452 5,128 Foreign 75 - 17 - 50 73 Service-related balances and adjustments (5) 7,026 + 268 + 241 7,026 Other 372 + 69 + 98 346 Other F.R. liabilities and capital 17,590 + 36 - 2,063 17,712 Total factors, other than reserve balances, absorbing reserve funds 618,332 + 941 + 20,616 620,049 Reserve balances with F.R. Banks (6) 5,350 - 3,344 - 744 7,576 On April 11, 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 $ 717,343 million, a change of $ - 10,151 million for the week. The total includes $ 592,111 million of U.S. government securities and $ 125,232 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 $ 18,303 million (daily average over statement week) and $ 17,611 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,303 million (daily average) and $ 17,611 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 433 million (daily average) and $ 157 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,830 million of inflation-indexed securities valued at the original face amount and $ 644 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 $ 6,613 million and adjustments of $ 413 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 Apr 11, 2001 Apr 4, 2001 Apr 12, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,148 - 6 + 651 Loans 39 - 139 - 109 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 18,750 - 2,750 + 450 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 182,400 - 1,782 - 15,342 Notes (3) 244,597 + 812 + 23,898 Bonds (4) 96,901 + 943 + 11,203 Total bought outright (5) 523,899 - 26 + 19,760 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 523,899 - 26 + 19,760 Total loans and securities 542,698 - 2,914 + 19,971 Items in process of collection (802) 11,270 + 2,000 + 2,278 Bank premises 1,490 + 2 + 101 Other assets (6) 34,633 + 631 + 1,097 TOTAL ASSETS (802) 604,484 - 288 + 20,095 LIABILITIES Federal Reserve notes 558,884 + 905 + 21,277 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 13,958 - 1,005 + 799 U.S. Treasury--general account 5,128 - 13 - 705 Foreign--official accounts 73 - 77 - 73 Other (0) 346 - 30 + 69 Total deposits (0) 19,505 - 1,125 + 89 Deferred availability cash items (802) 8,383 - 538 - 26 Other liabilities and accrued dividends (7) 3,674 - 74 - 1,182 TOTAL LIABILITIES (802) 590,446 - 833 + 20,159 CAPITAL ACCOUNTS Capital paid in 7,043 + 12 + 297 Surplus 6,303 + 40 - 128 Other capital accounts 692 + 493 - 233 *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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 477 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,216 million of inflation-indexed securities valued at the original face amount and $ 167 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,611 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 157 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, April 11, 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 10 15,132 - 1,198 0 0 12,750 0 16 to 90 days 30 121,899 + 754 0 0 6,000 0 91 days to 1 year 0 122,013 - 1,338 0 0 ------ ------ Over 1 to 5 years 134,752 + 743 10 0 ------ ------ Over 5 to 10 years 55,558 + 70 0 0 ------ ------ Over 10 years 74,545 + 943 0 0 ------ ------ Total 39 523,899 - 26 10 0 18,750 0 1 Includes $ 7,830 million of inflation-indexed securities valued at the original face amount and $ 644 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 April 11, 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 11,046 546 4,452 454 538 741 871 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 1,148 77 81 69 71 166 94 150 69 47 75 106 144 Loans 39 1 0 0 0 0 0 12 12 11 1 3 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 18,750 0 18,750 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 182,400 10,959 74,717 7,492 10,679 10,897 12,542 20,658 6,574 569 5,630 3,307 18,376 Notes (3) 244,597 14,696 100,195 10,047 14,320 14,612 16,819 27,703 8,816 763 7,550 4,434 24,643 Bonds (4) 96,901 5,822 39,694 3,980 5,673 5,789 6,663 10,975 3,493 302 2,991 1,757 9,763 Total bought outright(5) 523,899 31,477 214,606 21,519 30,672 31,298 36,025 59,336 18,883 1,635 16,170 9,497 52,782 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 523,899 31,477 214,606 21,519 30,672 31,298 36,025 59,336 18,883 1,635 16,170 9,497 52,782 Total loans and securities 542,698 31,478 233,360 21,519 30,672 31,299 36,026 59,348 18,896 1,646 16,171 9,500 52,783 Items in process of collection 12,072 802 1,134 698 483 819 887 1,227 576 750 1,174 557 2,964 Bank premises 1,490 94 168 50 154 130 273 104 36 125 49 138 169 Other assets(5) 34,633 1,803 12,447 1,242 2,057 4,748 2,287 3,277 930 663 945 779 3,456 Interdistrict settlement account 0 + 260 + 2,028 + 63 - 1,007 + 4,709 - 1,849 + 514 - 865 + 2,865 - 987 - 1,040 - 4,691 TOTAL ASSETS 605,286 35,173 254,543 24,178 33,072 42,759 38,755 65,860 20,056 6,269 17,811 10,615 56,194 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 $ 5,614 million of inflation-indexed securities valued at the original face amount and $ 477 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 2,216 million of inflation-indexed securities valued at the original face amount and $ 167 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,611 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 157 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 April 11, 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 558,884 32,596 239,138 22,297 30,552 37,907 35,566 61,258 18,825 4,920 16,328 9,247 50,250 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,958 648 4,585 634 970 751 902 2,106 467 273 565 566 1,492 U.S. Treasury--general account 5,128 0 5,128 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 73 2 49 1 2 7 2 3 1 1 1 1 3 Other 346 1 135 0 2 184 1 1 1 0 9 1 11 Total deposits 19,505 650 9,897 636 973 942 906 2,109 469 274 575 568 1,507 Deferred credit items 9,184 849 1,054 599 392 688 964 650 302 536 379 336 2,436 Other liabilities and accrued dividends (2) 3,674 230 1,270 165 216 284 296 394 151 71 140 109 349 TOTAL LIABILITIES 591,248 34,325 251,360 23,696 32,134 39,822 37,731 64,410 19,746 5,801 17,422 10,260 54,541 CAPITAL ACCOUNTS Capital paid in 7,043 416 1,450 229 432 1,681 490 696 149 371 183 151 795 Surplus 6,303 358 1,468 228 472 1,257 495 632 138 97 179 188 792 Other capital accounts 692 74 266 25 34 0 38 122 23 0 27 16 66 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 605,286 35,173 254,543 24,178 33,072 42,759 38,755 65,860 20,056 6,269 17,811 10,615 56,194 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 740,532 36,862 296,842 30,682 36,015 52,414 58,519 70,525 22,707 9,336 21,061 31,584 73,987 Less--Held by F.R. Banks 181,648 4,266 57,703 8,385 5,463 14,507 22,952 9,267 3,882 4,415 4,733 22,337 23,738 F.R. notes, net 558,884 32,596 239,138 22,297 30,552 37,907 35,566 61,258 18,825 4,920 16,328 9,247 50,250 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 2,979 U.S. govt. and agency securities(3) 542,659 Total collateral 558,884 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.