H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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. January 4, 2001 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks 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 Jan 3, 2001 Dec 27, 2000 Jan 5, 2000 Jan 3, 2001 Reserve Bank Credit 590,853 + 6,538 - 46,048 581,902 U.S. government securities (1) Bought outright-system account (2,3) 512,158 - 3,437 + 31,296 513,278 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 51 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 40,939 + 9,180 - 79,197 30,475 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 25 - 16 - 180 10 Seasonal credit 73 - 39 + 29 49 Extended credit 0 0 0 0 Float 1,136 - 48 + 683 2,189 Other F.R. assets 36,392 + 898 + 1,424 35,772 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,219 + 14 + 3,206 31,219 Total factors supplying reserve funds 635,318 + 6,552 - 46,844 626,367 Currency in circulation* 593,189 + 3,774 - 32,708 592,710 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 450 + 34 + 339 453 Deposits, other than reserve balances, with F.R. Banks Treasury 5,312 + 972 - 15,631 3,832 Foreign 156 + 53 + 80 76 Service-related balances and adjustments (5) 7,428 + 192 - 437 7,428 Other 1,054 + 796 + 98 204 Other F.R. liabilities and capital 17,884 - 533 + 341 17,543 Total factors, other than reserve balances, absorbing reserve funds 625,474 + 5,288 - 47,917 622,245 Reserve balances with F.R. Banks (6) 9,845 + 1,264 + 1,074 4,123 On January 3, 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 $ 691,543 million, a change of $ - 319 million for the week. The total includes $ 589,207 million of U.S. government securities and $ 102,336 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 $ 20,213 million (daily average over statement week) and $ 17,985 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,213 million (daily average) and $ 17,985 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,397 million (daily average) and $ 2,250 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 531 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 $ 6,332 million and adjustments of $ 1,096 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.

H.4.1(a) Consolidated Statement of Condition of all Federal Reserve Banks Millions of dollars Change Since Eliminations from Consolidation Wednesday Wednesday Wednesday Jan 3, 2001 Dec 27, 2000 Jan 5, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 935 - 11 + 735 Loans 58 - 59 - 122 Acceptances 0 0 0 Repurchase agreements — triparty (1) 30,475 - 13,510 - 61,170 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 181,876 - 654 - 3,626 Notes (3) 238,618 - 1,558 + 20,150 Bonds (4) 92,784 0 + 9,806 Total bought outright (5) 513,278 - 2,213 + 26,330 Held under repurchase agreements 0 0 0 Total U.S. government securities 513,278 - 2,213 + 26,330 Total loans and securities 543,941 - 15,782 - 35,014 Items in process of collection (752) 13,884 + 3,797 + 5,525 Bank premises 1,461 + 6 + 95 Other assets (6) 34,404 + 136 + 676 TOTAL ASSETS (752) 607,871 - 11,853 - 31,986 LIABILITIES Federal Reserve notes 562,879 - 281 - 26,060 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 12,058 - 12,729 + 1,919 U.S. Treasury—general account 3,832 - 1,488 - 11,302 Foreign—official accounts 76 - 7 - 6 Other (0) 204 - 31 + 1 Total deposits (0) 16,169 - 14,257 - 9,389 Deferred availability cash items (752) 11,280 + 3,203 + 3,508 Other liabilities and accrued dividends (7) 4,091 - 250 - 170 TOTAL LIABILITIES (752) 594,419 - 11,584 - 32,111 CAPITAL ACCOUNTS Capital paid in 6,997 - 27 + 555 Surplus 6,188 + 3,509 - 244 Other capital accounts 267 - 3,751 - 186 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 426 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,250 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. Maturity Distribution of Loans and Securities, January 3, 2001 Millions of dollars U.S. government Federal agency Reverse Repurchase securities (1,2) obligations(2) Repurchase Loans Agreements— Weekly Weekly Agreements— Holdings changes Holdings changes Triparty (3) Triparty (3) Within 15 days 28 17,020 - 2,869 0 0 24,475 0 16 days to 90 days 31 113,973 + 3,141 0 0 6,000 0 91 days to 1 year 0 124,691 - 929 0 0 ——— ——— Over 1 year to 5 years ——— 131,235 - 1,557 130 0 ——— ——— Over 5 years to 10 years ——— 55,462 + 1 0 0 ——— ——— Over 10 years ——— 70,897 + 1 0 0 ——— ——— Total 58 513,278 - 2,213 130 0 30,475 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 531 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 January 3, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,04 6 53 5 4,42 8 41 4 52 0 75 0 80 2 1,06 4 35 9 15 8 34 0 51 4 1,162 Special drawing rights certif. acct. 2,20 0 11 5 87 4 8 3 10 4 14 7 16 6 21 2 7 1 3 0 6 6 9 8 234 Coin 93 5 4 7 7 5 5 2 6 5 11 5 7 9 11 3 4 9 3 2 6 6 8 7 155 Loans 5 8 0 0 0 0 0 2 1 3 1 3 0 2 2 4 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 30,47 5 0 30,47 5 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 13 0 7 5 0 5 7 8 9 1 6 5 1 4 4 14 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 181,87 6 10,44 1 70,20 5 7,57 5 10,17 8 10,67 7 12,10 6 21,75 5 6,90 9 76 6 6,06 1 5,38 1 19,823 Notes (3) 238,61 8 13,69 9 92,10 7 9,93 9 13,35 3 14,00 7 15,88 3 28,54 2 9,06 4 1,00 5 7,95 2 7,06 0 26,007 Bonds (4) 92,78 4 5,32 7 35,81 5 3,86 5 5,19 2 5,44 7 6,17 6 11,09 8 3,52 5 39 1 3,09 2 2,74 5 10,113 Total bought outright (5) 513,27 8 29,46 6 198,12 6 21,37 8 28,72 4 30,13 1 34,16 5 61,39 6 19,49 8 2,16 1 17,10 5 15,18 7 55,942 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 513,27 8 29,46 6 198,12 6 21,37 8 28,72 4 30,13 1 34,16 5 61,39 6 19,49 8 2,16 1 17,10 5 15,18 7 55,942 Total loans and securities 543,94 1 29,47 4 228,65 2 21,38 4 28,73 1 30,13 8 34,17 6 61,42 4 19,51 6 2,16 2 17,13 1 15,19 4 55,960 Items in process of collection 14,63 6 1,35 9 1,69 8 57 9 64 2 1,07 9 1,18 4 1,23 9 61 0 1,12 8 88 8 50 8 3,722 Bank premises 1,46 1 9 3 16 6 5 1 15 4 12 8 25 1 10 4 3 5 12 6 4 9 13 8 166 Other assets (6) 34,40 4 1,63 2 11,60 5 1,23 5 2,01 9 5,28 2 2,23 6 3,30 4 1,00 8 68 0 99 2 1,04 3 3,368 Interdistrict settlement account 0 + 1,68 6 + 4,99 8 + 92 2 + 1,52 0 + 2,49 3 + 2,78 7 - 2,19 4 - 95 3 - 37 0 - 1,14 3 - 6,58 6 - 3,159 TOTAL ASSETS 608,62 3 34,94 0 252,49 5 24,71 9 33,75 6 40,13 3 41,68 2 65,26 7 20,69 5 3,94 5 18,38 8 10,99 6 61,608 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 $ 5,367 million of inflation-indexed securities valued at the original face amount and $ 426 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,538 million of inflation-indexed securities valued at the original face amount and $ 104 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,250 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 January 3, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 562,87 9 32,18 4 240,85 3 23,06 8 31,25 4 34,10 9 38,48 8 61,19 1 19,40 0 1,58 1 16,68 0 9,53 7 54,532 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 12,05 8 89 8 1,77 0 42 2 81 4 1,96 8 81 4 1,28 4 46 0 95 2 59 7 52 4 1,555 U.S. Treasury—general account 3,83 2 0 3,83 2 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 6 1 5 2 1 2 8 2 3 1 1 1 1 3 Other 20 4 1 13 7 2 2 2 5 4 1 1 1 2 4 1 4 Total deposits 16,16 9 90 1 5,79 1 42 5 81 8 2,00 2 81 9 1,28 7 46 3 95 4 62 2 52 6 1,561 Deferred credit items 12,03 2 87 8 1,39 0 57 3 49 2 95 4 1,05 3 1,02 6 37 4 84 3 55 7 39 9 3,492 Other liabilities and accrued dividends (2) 4,09 1 24 8 1,40 6 18 7 23 3 27 9 31 4 46 8 17 2 6 4 16 1 14 9 411 TOTAL LIABILITIES 595,17 1 34,21 0 249,44 1 24,25 2 32,79 7 37,34 5 40,67 5 63,97 3 20,40 9 3,44 2 18,02 1 10,61 1 59,996 CAPITAL ACCOUNTS Capital paid in 6,99 7 35 8 1,46 7 22 8 47 2 1,67 9 49 5 63 2 13 8 36 8 17 9 18 8 792 Surplus 6,18 8 35 8 1,46 8 22 8 47 2 1,10 3 49 5 63 2 13 8 13 5 17 9 18 8 792 Other capital accounts 26 7 1 4 12 0 1 0 1 5 7 1 6 3 1 1 0 0 9 8 28 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 608,62 3 34,94 0 252,49 5 24,71 9 33,75 6 40,13 3 41,68 2 65,26 7 20,69 5 3,94 5 18,38 8 10,99 6 61,608 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 751,17 6 36,95 4 301,01 2 31,61 5 36,40 0 50,76 2 60,31 9 70,72 1 23,18 6 9,58 1 21,60 4 32,26 7 76,756 Less—Held by F.R. Banks 188,29 7 4,77 0 60,15 9 8,54 7 5,14 6 16,65 2 21,83 0 9,52 9 3,78 6 8,00 0 4,92 4 22,73 0 22,224 F.R. notes, net 562,87 9 32,18 4 240,85 3 23,06 8 31,25 4 34,10 9 38,48 8 61,19 1 19,40 0 1,58 1 16,68 0 9,53 7 54,532 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 5,750 U.S. govt. and agency securities (3) 543,883 Total collateral 562,879 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and 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.