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 13, 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 12, 2001 Sep 5, 2001 Sep 13, 2000 Sep 12, 2001 Reserve Bank Credit 622,845 + 13,900 + 63,439 702,092 U.S. government securities (1) Bought outright-system account (2,3) 540,478 - 1,574 + 28,260 530,385 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 126 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 28,863 - 1,022 + 17,658 61,005 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 11,742 + 11,721 + 11,738 45,528 Seasonal credit 95 - 19 - 327 94 Extended credit 0 0 0 0 Float 4,281 + 3,728 + 2,819 22,929 Other F.R. assets 37,377 + 1,067 + 3,418 42,142 Gold stock 11,044 0 - 2 11,043 Special drawing rights certificate account 2,200 0 - 2,000 2,200 Treasury currency outstanding 32,810 + 14 + 2,153 32,810 Total factors supplying reserve funds 668,898 + 13,914 + 63,590 748,145 Currency in circulation* 612,489 - 706 + 40,416 615,681 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 422 + 6 + 255 426 Deposits,other than reserve balances,with F.R.Banks Treasury 5,350 + 98 + 723 5,993 Foreign 79 + 2 - 1 69 Service-related balances and adjustments (5) 7,579 + 9 + 991 7,579 Other 467 + 180 + 230 1,150 Other F.R. liabilities and capital 19,224 + 1,140 + 3,946 22,122 Total factors, other than reserve balances, absorbing reserve funds 645,610 + 728 + 46,561 653,020 Reserve balances with F.R. Banks (6) 23,288 + 13,186 + 17,029 95,125 On September 12, 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 $ 721,991 million, a change of $ + 2,096 million for the week. The total includes $ 594,418 million of U.S. government securities and $ 127,573 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 $ 20,400 million (daily average over statement week) and $ 30,615 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,400 million (daily average) and $ 30,615 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,384 million (daily average) and $ 7,029 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 $ 887 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 $ 7,283 million and adjustments of $ 296 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 12, 2001 Sep 5, 2001 Sep 13, 2000 ASSETS Gold certificate account 11,043 - 1 - 3 Special drawing rights certificate account 2,200 0 - 2,000 Coin 1,081 + 2 + 346 Loans 45,622 + 45,427 + 45,227 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 61,005 + 29,790 + 49,165 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 171,336 - 12,793 - 15,141 Notes (3) 257,040 + 846 + 23,389 Bonds (4) 102,008 - 2 + 11,308 Total bought outright (5) 530,385 - 11,948 + 19,556 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 530,385 - 11,948 + 19,556 Total loans and securities 637,022 + 63,269 + 113,829 Items in process of collection (126) 30,928 + 17,715 + 20,948 Bank premises 1,510 0 + 90 Other assets (6) 46,228 + 11,640 + 13,427 TOTAL ASSETS (126) 730,013 + 92,626 + 146,638 LIABILITIES Federal Reserve notes 584,378 + 1,313 + 42,348 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 108,682 + 87,745 + 95,811 U.S. Treasury--general account 5,993 + 1,635 + 645 Foreign--official accounts 69 - 4 - 5 Other (0) 1,150 + 842 + 962 Total deposits (0) 115,894 + 90,218 + 97,414 Deferred availability cash items (126) 7,619 - 3,355 - 297 Other liabilities and accrued dividends (7) 7,189 + 4,140 + 2,820 TOTAL LIABILITIES (126) 715,080 + 92,316 + 142,286 CAPITAL ACCOUNTS Capital paid in 7,197 + 5 + 277 Surplus 6,743 + 8 + 4,064 Other capital accounts 992 + 296 + 10 *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 $ 569 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 $ 319 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 30,615 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 7,029 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 12, 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 45,545 1,562 - 15,117 0 0 55,005 0 16 to 90 days 77 120,849 + 2,345 0 0 6,000 0 91 days to 1 year 0 131,504 - 21 0 0 ------ ------ Over 1 to 5 years 142,304 + 851 10 0 ------ ------ Over 5 to 10 years 55,579 - 4 0 0 ------ ------ Over 10 years 78,586 - 3 0 0 ------ ------ Total 45,622 530,385 - 11,948 10 0 61,005 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 887 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 12, 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 11,043 546 4,449 454 538 741 871 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 1,081 58 61 54 67 175 131 131 55 34 66 114 136 Loans 45,622 3,444 18,174 0 5,293 10,922 2,337 4,340 286 35 27 4 763 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 61,005 0 61,005 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 171,336 10,294 70,185 7,037 10,031 10,236 11,782 19,405 6,176 535 5,288 3,106 17,262 Notes (3) 257,040 15,444 105,292 10,558 15,048 15,356 17,675 29,112 9,265 802 7,934 4,660 25,896 Bonds (4) 102,008 6,129 41,786 4,190 5,972 6,094 7,014 11,553 3,677 318 3,149 1,849 10,277 Total bought outright(5) 530,385 31,867 217,263 21,785 31,051 31,685 36,471 60,070 19,117 1,655 16,370 9,615 53,435 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 530,385 31,867 217,263 21,785 31,051 31,685 36,471 60,070 19,117 1,655 16,370 9,615 53,435 Total loans and securities 637,022 35,311 296,446 21,785 36,345 42,608 38,809 64,411 19,403 1,689 16,398 9,619 54,199 Items in process of collection 31,054 1,399 1,451 977 1,582 2,473 4,522 4,153 1,703 1,007 1,943 3,413 6,432 Bank premises 1,510 93 169 49 153 132 285 106 40 124 49 137 173 Other assets(5) 46,228 4,847 18,233 1,273 2,076 4,848 3,202 3,365 1,465 679 1,965 788 3,487 Interdistrict settlement account 0 - 7,879 +31,965 - 702 - 8,772 + 392 - 4,249 - 3,153 - 2,390 + 3,585 - 1,668 + 129 - 7,255 TOTAL ASSETS 730,139 34,489 353,648 23,974 32,093 51,515 43,737 70,253 20,689 7,290 19,136 14,774 58,542 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 $ 569 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 $ 319 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 30,615 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 7,029 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 12, 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 584,378 32,277 246,686 21,682 30,045 44,137 40,719 66,086 19,744 6,063 17,135 12,492 47,313 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 108,682 1,206 93,076 576 854 1,714 1,159 2,145 355 554 1,307 1,284 4,454 U.S. Treasury--general account 5,993 0 5,993 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 69 2 45 1 2 7 2 3 1 1 1 1 3 Other 1,150 -466 -748 936 -457 1,502 -539 -887 -99 -24 -233 -138 2,303 Total deposits 115,894 741 98,366 1,512 399 3,223 622 1,261 256 531 1,075 1,146 6,760 Deferred credit items 7,745 404 345 167 206 486 1,028 1,036 242 342 407 597 2,484 Other liabilities and accrued dividends (2) 7,189 191 5,058 140 182 245 260 329 130 65 126 180 284 TOTAL LIABILITIES 715,206 33,613 350,455 23,502 30,833 48,092 42,629 68,712 20,372 7,002 18,742 14,414 56,841 CAPITAL ACCOUNTS Capital paid in 7,197 421 1,468 221 615 1,703 538 738 149 174 188 162 820 Surplus 6,743 358 1,468 228 472 1,679 495 632 138 114 179 188 792 Other capital accounts 992 97 257 23 173 41 75 172 30 0 27 10 89 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 730,139 34,489 353,648 23,974 32,093 51,515 43,737 70,253 20,689 7,290 19,136 14,774 58,542 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 740,653 36,361 289,634 29,213 35,737 55,781 64,201 73,448 23,148 8,978 20,694 32,294 71,163 Less--Held by F.R. Banks 156,275 4,085 42,948 7,531 5,692 11,644 23,482 7,362 3,404 2,915 3,560 19,802 23,850 F.R. notes, net 584,378 32,277 246,686 21,682 30,045 44,137 40,719 66,086 19,744 6,063 17,135 12,492 47,313 Collateral held against F.R. notes Gold certificate account 11,043 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 571,135 Total collateral 584,378 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.