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 August 9, 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 Aug 8, 2001 Aug 1, 2001 Aug 9, 2000 Aug 8, 2001 Reserve Bank Credit 597,508 + 1,134 + 39,590 604,297 U.S. government securities (1) Bought outright-system account (2,3) 536,699 + 626 + 27,987 536,611 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) 22,264 - 50 + 10,225 28,495 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 47 + 41 + 31 0 Seasonal credit 179 - 17 - 361 182 Extended credit 0 0 0 0 Float 280 + 458 - 637 780 Other F.R. assets 38,030 + 76 + 2,475 38,219 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,688 + 14 + 2,295 32,688 Total factors supplying reserve funds 643,439 + 1,147 + 39,882 650,229 Currency in circulation* 605,412 + 2,972 + 35,670 607,225 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 415 - 3 + 287 417 Deposits,other than reserve balances,with F.R.Banks Treasury 4,673 - 558 - 118 4,802 Foreign 106 + 27 + 12 79 Service-related balances and adjustments (5) 7,602 + 238 + 913 7,601 Other 310 + 4 + 54 305 Other F.R. liabilities and capital 18,033 - 24 + 2,680 17,867 Total factors, other than reserve balances, absorbing reserve funds 636,550 + 2,656 + 39,496 638,296 Reserve balances with F.R. Banks (6) 6,889 - 1,508 + 385 11,933 On August 8, 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 $ 708,649 million, a change of $ + 90 million for the week. The total includes $ 579,532 million of U.S. government securities and $ 129,117 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 $ 17,745 million (daily average over statement week) and $ 17,975 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,745 million (daily average) and $ 17,975 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,910 million (daily average) and $ 3,911 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 884 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 $ 7,072 million and adjustments of $ 530 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 Aug 8, 2001 Aug 1, 2001 Aug 9, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,115 + 5 + 364 Loans 182 - 10 - 377 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 28,495 + 1,345 + 11,645 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 181,212 + 507 - 9,742 Notes (3) 254,630 + 2 + 23,427 Bonds (4) 100,769 + 1 + 12,406 Total bought outright (5) 536,611 + 511 + 26,091 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 536,611 + 511 + 26,091 Total loans and securities 565,298 + 1,846 + 37,230 Items in process of collection (915) 8,263 - 97 + 40 Bank premises 1,507 + 2 + 87 Other assets (6) 36,557 + 522 + 2,211 TOTAL ASSETS (915) 625,984 + 2,278 + 37,930 LIABILITIES Federal Reserve notes 576,069 + 2,333 + 34,623 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,335 - 12 + 667 U.S. Treasury--general account 4,802 + 654 - 105 Foreign--official accounts 79 + 7 - 22 Other (0) 305 - 25 + 51 Total deposits (0) 24,520 + 623 + 591 Deferred availability cash items (915) 7,528 - 910 + 228 Other liabilities and accrued dividends (7) 3,069 + 14 - 1,797 TOTAL LIABILITIES (915) 611,186 + 2,060 + 33,645 CAPITAL ACCOUNTS Capital paid in 7,168 + 3 + 276 Surplus 6,729 + 4 + 4,075 Other capital accounts 902 + 212 - 65 *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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 567 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 317 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,975 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,911 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, August 8, 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 33 17,818 + 860 0 0 22,495 0 16 to 90 days 149 113,193 + 4,795 0 0 6,000 0 91 days to 1 year 0 129,944 - 5,147 0 0 ------ ------ Over 1 to 5 years 144,732 0 10 0 ------ ------ Over 5 to 10 years 53,827 + 2 0 0 ------ ------ Over 10 years 77,097 + 1 0 0 ------ ------ Total 182 536,611 + 511 10 0 28,495 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 884 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 August 8, 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 11,044 546 4,450 454 538 741 871 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 1,115 68 56 61 71 183 129 135 61 36 69 112 134 Loans 182 0 0 0 0 0 7 47 12 74 29 7 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 28,495 0 28,495 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 181,212 10,888 74,230 7,443 10,609 10,826 12,461 20,524 6,531 565 5,593 3,285 18,257 Notes (3) 254,630 15,299 104,305 10,459 14,907 15,212 17,509 28,839 9,178 794 7,859 4,616 25,653 Bonds (4) 100,769 6,054 41,278 4,139 5,900 6,020 6,929 11,413 3,632 314 3,110 1,827 10,152 Total bought outright(5) 536,611 32,241 219,814 22,041 31,416 32,057 36,899 60,775 19,341 1,674 16,563 9,728 54,062 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 536,611 32,241 219,814 22,041 31,416 32,057 36,899 60,775 19,341 1,674 16,563 9,728 54,062 Total loans and securities 565,298 32,241 248,313 22,041 31,416 32,058 36,907 60,824 19,353 1,748 16,592 9,735 54,070 Items in process of collection 9,178 657 822 479 384 694 650 653 375 547 492 847 2,579 Bank premises 1,507 93 168 50 153 132 285 106 38 124 49 137 173 Other assets(5) 36,557 1,910 13,283 1,306 2,163 4,882 2,420 3,478 995 672 997 814 3,636 Interdistrict settlement account 0 - 412 - 5,105 - 1,141 - 1,991 + 9,773 + 1,769 + 1,899 - 531 + 4,483 - 1,065 + 899 - 8,576 TOTAL ASSETS 626,899 35,219 262,860 23,333 32,839 48,610 43,195 68,334 20,705 7,784 17,517 13,119 53,385 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 567 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 317 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,975 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,911 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 August 8, 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 576,069 32,213 246,422 21,826 29,941 42,693 39,694 63,216 19,443 6,087 15,985 11,756 46,792 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,335 1,330 6,203 472 1,387 1,336 1,315 2,610 569 628 621 589 2,273 U.S. Treasury--general account 4,802 0 4,802 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 79 2 55 1 2 7 2 3 1 1 1 1 3 Other 305 4 126 0 1 167 3 1 0 0 2 0 1 Total deposits 24,520 1,336 11,186 473 1,389 1,511 1,320 2,614 570 630 624 590 2,277 Deferred credit items 8,443 612 1,024 421 409 714 810 654 245 527 391 316 2,321 Other liabilities and accrued dividends (2) 3,069 187 1,032 138 178 238 254 324 129 64 122 98 305 TOTAL LIABILITIES 612,101 34,348 259,664 22,859 31,917 45,155 42,079 66,808 20,387 7,307 17,122 12,760 51,696 CAPITAL ACCOUNTS Capital paid in 7,168 417 1,467 222 411 1,700 537 729 148 377 188 160 813 Surplus 6,729 358 1,468 228 472 1,679 495 632 138 100 179 188 792 Other capital accounts 902 96 262 25 39 76 84 166 31 0 28 11 84 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 626,899 35,219 262,860 23,333 32,839 48,610 43,195 68,334 20,705 7,784 17,517 13,119 53,385 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 738,174 36,113 291,609 29,635 35,492 55,337 62,553 71,618 22,896 9,057 20,007 31,936 71,922 Less--Held by F.R. Banks 162,105 3,900 45,187 7,809 5,551 12,644 22,858 8,402 3,453 2,970 4,022 20,180 25,130 F.R. notes, net 576,069 32,213 246,422 21,826 29,941 42,693 39,694 63,216 19,443 6,087 15,985 11,756 46,792 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 562,825 Total collateral 576,069 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.