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 11, 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 10, 2001 Jan 3, 2001 Jan 12, 2000 Jan 10, 2001 Reserve Bank Credit 578,383 - 12,471 - 11,198 579,657 U.S. government securities (1) Bought outright-system account (2,3) 514,112 + 1,954 + 29,417 515,478 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) 27,116 - 13,823 - 40,305 27,875 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 85 + 60 - 771 7 Seasonal credit 36 - 37 + 5 25 Extended credit 0 0 0 0 Float 784 - 353 - 248 -178 Other F.R. assets 36,120 - 271 + 882 36,318 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,233 + 14 + 3,087 31,233 Total factors supplying reserve funds 622,862 - 12,457 - 12,113 624,136 Currency in circulation* 588,000 - 5,189 - 11,272 585,574 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 454 + 4 + 333 458 Deposits, other than reserve balances, with F.R. Banks Treasury 4,795 - 517 - 531 5,160 Foreign 108 - 48 + 34 122 Service-related balances and adjustments (5) 6,956 - 472 - 1,009 6,956 Other 179 - 875 - 12 174 Other F.R. liabilities and capital 17,982 + 98 - 206 17,985 Total factors, other than reserve balances, absorbing reserve funds 618,473 - 7,001 - 12,665 616,429 Reserve balances with F.R. Banks (6) 4,389 - 5,456 + 552 7,707 On January 10, 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 $ 692,866 million, a change of $ + 1,323 million for the week. The total includes $ 591,043 million of U.S. government securities and $ 101,823 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 $ 17,157 million (daily average over statement week) and $ 16,335 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,157 million (daily average) and $ 16,335 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,247 million (daily average) and $ 2,478 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 $ 624 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 10, 2001 Jan 3, 2001 Jan 12, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 955 + 20 + 717 Loans 32 - 26 - 969 Acceptances 0 0 0 Repurchase agreements — triparty (1) 27,875 - 2,600 - 35,020 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,365 + 1,489 - 907 Notes (3) 239,192 + 574 + 20,724 Bonds (4) 92,921 + 137 + 9,942 Total bought outright (5) 515,478 + 2,200 + 29,759 Held under repurchase agreements 0 0 0 Total U.S. government securities 515,478 + 2,200 + 29,759 Total loans and securities 543,516 - 425 - 6,279 Items in process of collection (933) 8,148 - 5,736 + 221 Bank premises 1,462 + 1 + 96 Other assets (6) 34,864 + 460 + 768 TOTAL ASSETS (933) 602,190 - 5,681 - 8,482 LIABILITIES Federal Reserve notes 555,753 - 7,126 - 6,388 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 14,878 + 2,820 - 2,381 U.S. Treasury—general account 5,160 + 1,328 - 294 Foreign—official accounts 122 + 46 + 12 Other (0) 174 - 30 - 55 Total deposits (0) 20,334 + 4,165 - 2,716 Deferred availability cash items (933) 8,118 - 3,162 + 657 Other liabilities and accrued dividends (7) 4,139 + 48 - 376 TOTAL LIABILITIES (933) 588,345 - 6,074 - 8,823 CAPITAL ACCOUNTS Capital paid in 6,999 + 2 + 557 Surplus 6,189 + 1 - 243 Other capital accounts 658 + 391 + 28 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 $ 427 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 $ 16,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 10, 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 13 14,881 - 2,139 0 0 14,870 0 16 days to 90 days 19 116,369 + 2,396 0 0 13,005 0 91 days to 1 year 0 125,924 + 1,233 0 0 ——— ——— Over 1 year to 5 years ——— 131,501 + 266 130 0 ——— ——— Over 5 years to 10 years ——— 55,907 + 445 0 0 ——— ——— Over 10 years ——— 70,897 0 0 0 ——— ——— Total 32 515,478 + 2,200 130 0 27,875 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 10, 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 95 5 5 0 7 2 5 4 6 6 12 0 8 3 11 3 5 1 3 5 6 6 9 3 152 Loans 3 2 0 0 0 0 2 0 1 5 5 0 6 3 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 27,87 5 0 27,87 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 183,36 5 10,52 7 70,77 9 7,63 7 10,26 1 10,76 4 12,20 5 21,93 3 6,96 6 77 2 6,11 1 5,42 5 19,985 Notes (3) 239,19 2 13,73 2 92,32 9 9,96 2 13,38 5 14,04 1 15,92 1 28,61 1 9,08 6 1,00 7 7,97 1 7,07 7 26,069 Bonds (4) 92,92 1 5,33 4 35,86 8 3,87 0 5,20 0 5,45 5 6,18 5 11,11 5 3,53 0 39 1 3,09 7 2,74 9 10,127 Total bought outright (5) 515,47 8 29,59 3 198,97 6 21,47 0 28,84 7 30,26 0 34,31 2 61,65 9 19,58 2 2,17 0 17,17 8 15,25 2 56,182 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 515,47 8 29,59 3 198,97 6 21,47 0 28,84 7 30,26 0 34,31 2 61,65 9 19,58 2 2,17 0 17,17 8 15,25 2 56,182 Total loans and securities 543,51 6 29,60 0 226,90 1 21,47 5 28,85 4 30,26 9 34,32 0 61,68 9 19,59 1 2,17 1 17,18 9 15,25 9 56,197 Items in process of collection 9,08 1 79 9 1,06 6 46 9 27 5 56 6 73 6 68 1 42 5 62 4 77 5 38 8 2,278 Bank premises 1,46 2 9 3 16 6 5 1 15 4 12 8 25 1 10 4 3 5 12 6 4 9 13 8 167 Other assets (6) 34,86 4 1,66 5 11,80 7 1,25 7 2,05 0 5,23 0 2,27 2 3,37 1 1,02 9 68 4 1,01 1 1,06 1 3,426 Interdistrict settlement account 0 + 1,57 1 + 8,20 4 + 31 2 + 1,45 6 + 3,73 1 + 1,98 1 - 2,35 0 - 1,30 0 - 49 2 - 1,09 2 - 7,20 3 - 4,817 TOTAL ASSETS 603,12 4 34,42 8 253,51 9 24,11 4 33,47 9 40,94 1 40,61 1 64,88 4 20,26 1 3,33 6 18,40 5 10,34 7 58,798 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 $ 427 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 $ 16,335 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 10, 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 555,75 3 32,04 2 240,44 5 22,52 6 30,91 0 33,61 6 37,31 3 60,44 7 19,10 0 1,36 1 16,44 4 8,86 9 52,680 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,87 8 69 4 2,00 0 45 9 94 8 3,43 2 1,06 8 1,94 4 43 1 83 6 92 4 61 0 1,532 U.S. Treasury—general account 5,16 0 0 5,16 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 12 2 1 9 8 1 2 8 2 3 1 1 1 1 3 Other 17 4 1 13 0 2 3 1 7 1 1 7 0 9 1 1 Total deposits 20,33 4 69 7 7,38 9 46 2 95 3 3,45 7 1,07 1 1,94 8 43 9 83 7 93 4 61 2 1,536 Deferred credit items 9,05 1 68 9 1,05 3 45 9 40 1 75 8 87 8 68 2 24 8 56 6 48 5 32 0 2,511 Other liabilities and accrued dividends (2) 4,13 9 24 9 1,42 1 18 7 23 5 28 5 32 0 47 0 17 4 6 6 16 4 15 1 416 TOTAL LIABILITIES 589,27 8 33,67 6 250,30 8 23,63 4 32,49 9 38,11 6 39,58 2 63,54 7 19,96 2 2,83 1 18,02 7 9,95 2 57,144 CAPITAL ACCOUNTS Capital paid in 6,99 9 35 8 1,46 7 22 8 47 2 1,67 9 49 6 63 2 13 8 36 8 17 9 18 8 792 Surplus 6,18 9 35 8 1,46 8 22 8 47 2 1,10 3 49 5 63 2 13 8 13 6 17 9 18 8 792 Other capital accounts 65 8 3 5 27 6 2 5 3 6 4 3 3 7 7 4 2 4 0 2 0 1 9 70 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 603,12 4 34,42 8 253,51 9 24,11 4 33,47 9 40,94 1 40,61 1 64,88 4 20,26 1 3,33 6 18,40 5 10,34 7 58,798 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 750,18 6 37,13 2 300,73 7 31,55 5 36,41 5 50,78 9 60,01 6 70,81 4 23,12 8 9,55 1 21,55 1 32,13 0 76,367 Less—Held by F.R. Banks 194,43 3 5,09 0 60,29 2 9,02 9 5,50 5 17,17 3 22,70 4 10,36 7 4,02 8 8,19 0 5,10 7 23,26 2 23,688 F.R. notes, net 555,75 3 32,04 2 240,44 5 22,52 6 30,91 0 33,61 6 37,31 3 60,44 7 19,10 0 1,36 1 16,44 4 8,86 9 52,680 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) 542,508 Total collateral 555,753 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.