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 May 3, 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 May 2, 2001 Apr 25, 2001 May 3, 2000 May 2, 2001 Reserve Bank Credit 586,374 + 7,198 + 17,837 593,164 U.S. government securities (1) Bought outright-system account (2,3) 527,036 + 1,604 + 20,386 526,643 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) 22,443 + 5,260 - 4,056 29,257 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 - 19 - 147 10 Seasonal credit 41 + 5 - 138 54 Extended credit 0 0 0 0 Float -414 + 1 - 630 -9 Other F.R. assets 37,247 + 347 + 2,551 37,201 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 3,000 2,200 Treasury currency outstanding 32,070 + 14 + 2,722 32,070 Total factors supplying reserve funds 631,690 + 7,212 + 17,556 638,480 Currency in circulation* 588,022 + 347 + 23,427 589,850 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 516 + 4 + 313 518 Deposits,other than reserve balances,with F.R.Banks Treasury 6,733 - 161 - 7,706 5,714 Foreign 86 - 33 - 41 115 Service-related balances and adjustments (5) 7,241 + 209 + 437 7,241 Other 357 + 10 + 89 369 Other F.R. liabilities and capital 17,983 + 12 - 639 17,792 Total factors, other than reserve balances, absorbing reserve funds 620,938 + 388 + 15,881 621,598 Reserve balances with F.R. Banks (6) 10,752 + 6,824 + 1,675 16,882 On May 2, 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 $ 710,009 million, a change of $ - 1,656 million for the week. The total includes $ 580,700 million of U.S. government securities and $ 129,308 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 $ 18,264 million (daily average over statement week) and $ 17,816 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,264 million (daily average) and $ 17,816 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,874 million (daily average) and $ 2,354 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 $ 667 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 $ 6,448 million and adjustments of $ 793 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 May 2, 2001 Apr 25, 2001 May 3, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 3,000 Coin 1,117 - 4 + 564 Loans 63 - 3 - 195 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 29,257 + 12,750 - 3,258 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,516 - 407 - 18,826 Notes (3) 247,967 - 319 + 26,937 Bonds (4) 97,160 + 69 + 11,395 Total bought outright (5) 526,643 - 657 + 19,506 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 526,643 - 657 + 19,506 Total loans and securities 555,973 + 12,091 + 15,923 Items in process of collection (1,170) 9,512 + 1,494 + 1,402 Bank premises 1,498 + 7 + 105 Other assets (6) 35,502 + 10 + 2,369 TOTAL ASSETS (1,170) 616,847 + 13,597 + 17,359 LIABILITIES Federal Reserve notes 559,415 + 1,329 + 22,327 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 24,010 + 12,878 - 3,606 U.S. Treasury--general account 5,714 - 1,769 - 2,313 Foreign--official accounts 115 - 6 + 44 Other (0) 369 + 39 + 106 Total deposits (0) 30,208 + 11,142 - 5,770 Deferred availability cash items (1,170) 9,432 + 994 + 1,276 Other liabilities and accrued dividends (7) 3,510 - 14 - 1,308 TOTAL LIABILITIES (1,170) 602,565 + 13,450 + 16,525 CAPITAL ACCOUNTS Capital paid in 7,043 - 7 + 288 Surplus 6,445 + 70 + 162 Other capital accounts 794 + 83 + 384 *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 $ 494 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 $ 173 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,816 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,354 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, May 2, 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 15 21,550 - 9,099 0 0 23,265 0 16 to 90 days 48 116,637 + 9,615 0 0 5,992 0 91 days to 1 year 0 122,016 - 301 0 0 ------ ------ Over 1 to 5 years 135,551 - 898 10 0 ------ ------ Over 5 to 10 years 56,338 + 25 0 0 ------ ------ Over 10 years 74,552 + 2 0 0 ------ ------ Total 63 526,643 - 657 10 0 29,257 0 1 Includes $ 7,830 million of inflation-indexed securities valued at the original face amount and $ 667 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 May 2, 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 1,117 77 79 66 69 168 90 141 66 48 74 104 137 Loans 63 1 0 0 0 0 0 11 6 25 13 6 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 29,257 0 29,257 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 181,516 10,906 74,355 7,456 10,627 10,844 12,482 20,558 6,542 566 5,603 3,291 18,287 Notes (3) 247,967 14,898 101,575 10,185 14,517 14,814 17,051 28,084 8,938 774 7,654 4,495 24,982 Bonds (4) 97,160 5,838 39,800 3,991 5,688 5,804 6,681 11,004 3,502 303 2,999 1,761 9,789 Total bought outright(5) 526,643 31,642 215,730 21,631 30,832 31,462 36,214 59,646 18,982 1,643 16,255 9,547 53,058 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 526,643 31,642 215,730 21,631 30,832 31,462 36,214 59,646 18,982 1,643 16,255 9,547 53,058 Total loans and securities 555,973 31,643 244,991 21,632 30,833 31,462 36,214 59,659 18,988 1,668 16,268 9,553 53,062 Items in process of collection 10,681 779 1,234 772 442 759 986 859 449 601 628 362 2,812 Bank premises 1,498 93 167 50 154 130 281 105 37 125 49 137 170 Other assets(5) 35,502 1,855 12,786 1,270 2,109 4,828 2,344 3,370 963 670 965 796 3,545 Interdistrict settlement account 0 + 1,213 - 7,711 - 288 - 731 + 9,192 - 1,574 + 1,291 - 666 + 3,948 - 435 - 518 - 3,722 TOTAL ASSETS 618,017 36,321 256,872 24,039 33,517 47,428 39,377 66,663 20,251 7,233 17,932 11,009 57,375 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 $ 494 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 $ 173 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,816 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,354 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 May 2, 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 559,415 32,604 238,843 22,028 30,384 39,449 35,479 60,922 18,798 5,071 16,172 9,574 50,091 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 24,010 1,867 6,483 732 1,437 3,609 1,498 3,083 592 1,026 707 503 2,473 U.S. Treasury--general account 5,714 0 5,714 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 115 2 91 1 2 7 2 3 1 1 1 1 3 Other 369 4 126 0 1 175 3 1 0 14 8 1 35 Total deposits 30,208 1,872 12,414 734 1,440 3,791 1,504 3,086 593 1,042 715 505 2,512 Deferred credit items 10,602 751 1,224 638 512 837 1,074 809 396 577 526 472 2,788 Other liabilities and accrued dividends (2) 3,510 216 1,196 155 235 279 280 372 143 70 132 104 328 TOTAL LIABILITIES 603,735 35,443 253,678 23,554 32,570 44,356 38,337 65,190 19,929 6,759 17,546 10,655 55,718 CAPITAL ACCOUNTS Capital paid in 7,043 417 1,450 229 432 1,681 496 699 149 370 183 150 788 Surplus 6,445 358 1,468 228 472 1,391 495 632 138 103 179 188 792 Other capital accounts 794 103 277 27 43 0 49 143 34 0 25 16 77 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 618,017 36,321 256,872 24,039 33,517 47,428 39,377 66,663 20,251 7,233 17,932 11,009 57,375 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 739,661 36,809 296,027 30,518 35,706 53,545 58,635 70,118 22,662 9,300 20,845 31,808 73,688 Less--Held by F.R. Banks 180,246 4,205 57,183 8,490 5,323 14,096 23,156 9,195 3,864 4,229 4,673 22,235 23,597 F.R. notes, net 559,415 32,604 238,843 22,028 30,384 39,449 35,479 60,922 18,798 5,071 16,172 9,574 50,091 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) 546,169 Total collateral 559,415 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.