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 September 6, 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 Sep 5, 2001 Aug 29, 2001 Sep 6, 2000 Sep 5, 2001 Reserve Bank Credit 608,992 + 8,349 + 46,114 612,097 U.S. government securities (1) Bought outright-system account (2,3) 542,052 + 178 + 30,929 542,333 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) 29,885 + 7,380 + 12,221 31,215 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 21 - 16 - 15 99 Seasonal credit 114 - 25 - 417 96 Extended credit 0 0 0 0 Float 601 + 631 + 611 2,079 Other F.R. assets 36,310 + 202 + 2,916 36,266 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,796 + 14 + 2,247 32,796 Total factors supplying reserve funds 655,032 + 8,364 + 46,359 658,137 Currency in circulation* 613,195 + 4,748 + 40,558 614,361 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 416 + 6 + 250 421 Deposits,other than reserve balances,with F.R.Banks Treasury 5,252 + 251 - 342 4,358 Foreign 77 - 29 + 3 73 Service-related balances and adjustments (5) 7,573 - 150 + 785 7,573 Other 287 - 4 + 39 308 Other F.R. liabilities and capital 18,084 - 33 + 2,928 17,672 Total factors, other than reserve balances, absorbing reserve funds 644,884 + 4,789 + 44,222 644,766 Reserve balances with F.R. Banks (6) 10,148 + 3,575 + 2,137 13,371 On September 5, 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 $ 719,895 million, a change of $ + 3,191 million for the week. The total includes $ 589,182 million of U.S. government securities and $ 130,713 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 $ 18,043 million (daily average over statement week) and $ 17,796 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,043 million (daily average) and $ 17,796 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 145 million (daily average) and $ 420 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 $ 894 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 $ 7,237 million and adjustments of $ 336 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 Sep 5, 2001 Aug 29, 2001 Sep 6, 2000 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,079 - 27 + 350 Loans 195 - 79 - 438 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 31,215 + 6,460 + 14,535 Federal agency obligations (2) Bought outright 10 0 - 130 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,129 - 581 - 4,866 Notes (3) 256,194 - 905 + 23,422 Bonds (4) 102,010 + 946 + 11,331 Total bought outright (5) 542,333 - 540 + 29,886 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 542,333 - 540 + 29,886 Total loans and securities 573,753 + 5,842 + 43,854 Items in process of collection (775) 13,213 + 6,594 + 1,696 Bank premises 1,510 - 2 + 91 Other assets (6) 34,588 - 181 + 2,221 TOTAL ASSETS (775) 637,387 + 12,227 + 46,209 LIABILITIES Federal Reserve notes 583,065 + 3,216 + 38,723 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,937 + 5,411 + 3,687 U.S. Treasury--general account 4,358 - 317 - 1 Foreign--official accounts 73 - 78 - 2 Other (0) 308 + 26 + 61 Total deposits (0) 25,676 + 5,042 + 3,744 Deferred availability cash items (775) 10,974 + 4,145 + 998 Other liabilities and accrued dividends (7) 3,049 - 6 - 1,378 TOTAL LIABILITIES (775) 622,764 + 12,397 + 42,087 CAPITAL ACCOUNTS Capital paid in 7,192 + 2 + 318 Surplus 6,735 - 12 + 4,056 Other capital accounts 696 - 159 - 252 *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 $ 573 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 $ 321 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,796 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 420 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, September 5, 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 117 16,679 - 6,904 0 0 25,215 0 16 to 90 days 78 118,504 + 7,216 0 0 6,000 0 91 days to 1 year 0 131,525 - 1,417 0 0 ------ ------ Over 1 to 5 years 141,453 - 532 10 0 ------ ------ Over 5 to 10 years 55,583 + 150 0 0 ------ ------ Over 10 years 78,589 + 947 0 0 ------ ------ Total 195 542,333 - 540 10 0 31,215 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 894 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 September 5, 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 1,079 57 62 55 68 174 128 131 55 32 66 112 139 Loans 195 0 0 4 0 94 7 29 6 35 15 3 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 31,215 0 31,215 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 184,129 11,063 75,425 7,563 10,780 11,000 12,661 20,854 6,637 574 5,683 3,338 18,551 Notes (3) 256,194 15,393 104,945 10,523 14,999 15,305 17,617 29,016 9,234 799 7,907 4,644 25,811 Bonds (4) 102,010 6,129 41,787 4,190 5,972 6,094 7,015 11,553 3,677 318 3,149 1,849 10,277 Total bought outright(5) 542,333 32,585 222,157 22,276 31,751 32,399 37,293 61,423 19,547 1,692 16,739 9,832 54,639 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 542,333 32,585 222,157 22,276 31,751 32,399 37,293 61,423 19,547 1,692 16,739 9,832 54,639 Total loans and securities 573,753 32,585 253,377 22,280 31,751 32,494 37,300 61,454 19,554 1,727 16,754 9,834 54,643 Items in process of collection 13,988 1,151 1,292 901 612 1,198 1,044 1,223 780 778 809 877 3,325 Bank premises 1,510 93 169 49 153 132 285 107 40 124 49 137 173 Other assets(5) 34,588 1,786 12,454 1,196 2,055 4,813 2,284 3,245 921 678 937 780 3,439 Interdistrict settlement account 0 - 110 -10,862 - 1,012 - 1,923 +12,593 + 1,832 + 2,764 - 764 + 4,102 - 680 + 1,600 - 7,539 TOTAL ASSETS 638,162 36,224 261,815 24,007 33,357 52,291 43,910 70,164 20,999 7,614 18,318 13,915 55,548 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 $ 573 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 $ 321 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,796 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 420 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 September 5, 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 583,065 32,116 247,795 21,806 30,037 44,083 40,067 65,216 19,528 6,043 16,733 12,436 47,204 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,937 2,114 4,088 820 1,271 3,406 1,440 2,231 674 588 650 521 3,134 U.S. Treasury--general account 4,358 0 4,358 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 308 4 135 0 1 145 2 1 1 1 2 4 13 Total deposits 25,676 2,120 8,631 821 1,273 3,558 1,444 2,235 675 591 653 526 3,150 Deferred credit items 11,749 943 1,247 781 645 1,029 1,057 878 356 631 427 504 3,251 Other liabilities and accrued dividends (2) 3,049 188 1,027 138 180 244 253 325 128 64 123 97 283 TOTAL LIABILITIES 623,539 35,367 258,699 23,546 32,136 48,915 42,821 68,654 20,687 7,329 17,936 13,562 53,888 CAPITAL ACCOUNTS Capital paid in 7,192 421 1,467 221 611 1,703 538 737 149 174 188 162 820 Surplus 6,735 358 1,468 228 472 1,673 495 632 138 111 179 188 792 Other capital accounts 696 78 181 11 138 0 56 141 25 0 14 3 48 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 638,162 36,224 261,815 24,007 33,357 52,291 43,910 70,164 20,999 7,614 18,318 13,915 55,548 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 739,818 36,130 289,895 29,300 35,605 55,762 63,946 72,770 23,051 9,004 20,467 32,422 71,466 Less--Held by F.R. Banks 156,753 4,014 42,099 7,494 5,568 11,679 23,879 7,554 3,523 2,961 3,734 19,986 24,262 F.R. notes, net 583,065 32,116 247,795 21,806 30,037 44,083 40,067 65,216 19,528 6,043 16,733 12,436 47,204 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) 569,822 Total collateral 583,065 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.