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 18, 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 17, 2001 Jan 10, 2001 Jan 19, 2000 Jan 17, 2001 Reserve Bank Credit 577,838 - 525 + 5,961 578,870 U.S. government securities (1) Bought outright-system account (2,3) 516,288 + 2,176 + 21,464 516,778 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) 24,228 - 2,888 - 16,526 22,520 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 - 81 - 238 1 Seasonal credit 26 - 10 - 2 24 Extended credit 0 0 0 0 Float 748 - 16 + 345 2,919 Other F.R. assets 36,415 + 296 + 985 36,498 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,247 + 14 + 3,055 31,247 Total factors supplying reserve funds 622,331 - 511 + 5,014 623,363 Currency in circulation* 583,793 - 4,207 + 2,127 583,145 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 456 + 2 + 334 445 Deposits, other than reserve balances, with F.R. Banks Treasury 6,529 + 1,734 + 1,139 7,979 Foreign 106 - 2 + 5 103 Service-related balances and adjustments (5) 6,631 - 325 - 840 6,631 Other 199 + 20 - 51 283 Other F.R. liabilities and capital 18,265 + 283 - 181 17,936 Total factors, other than reserve balances, absorbing reserve funds 615,980 - 2,493 + 2,535 616,521 Reserve balances with F.R. Banks (6) 6,351 + 1,982 + 2,479 6,842 On January 17, 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 $ 696,657 million, a change of $ + 3,791 million for the week. The total includes $ 591,012 million of U.S. government securities and $ 105,645 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 $ 16,097 million (daily average over statement week) and $ 15,752 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 16,097 million (daily average) and $ 15,752 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,530 million (daily average) and $ 2,229 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 $ 532 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 $ 6,080 million and adjustments of $ 551 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 17, 2001 Jan 10, 2001 Jan 19, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 987 + 32 + 695 Loans 25 - 7 - 146 Acceptances 0 0 0 Repurchase agreements — triparty (1) 22,520 - 5,355 - 12,090 Federal agency obligations (2) Bought outright 130 0 - 51 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 184,010 + 645 - 11,042 Notes (3) 239,847 + 655 + 21,768 Bonds (4) 92,921 0 + 9,942 Total bought outright (5) 516,778 + 1,300 + 20,668 Held under repurchase agreements 0 0 0 Total U.S. government securities 516,778 + 1,300 + 20,668 Total loans and securities 539,453 - 4,063 + 8,381 Items in process of collection (876) 15,495 + 7,347 + 1,601 Bank premises 1,463 + 1 + 96 Other assets (6) 35,089 + 225 + 942 TOTAL ASSETS (876) 605,734 + 3,544 + 7,714 LIABILITIES Federal Reserve notes 553,329 - 2,424 + 3,266 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 13,624 - 1,254 - 1,030 U.S. Treasury—general account 7,979 + 2,819 + 4,263 Foreign—official accounts 103 - 19 + 23 Other (0) 283 + 109 + 27 Total deposits (0) 21,990 + 1,656 + 3,284 Deferred availability cash items (876) 12,479 + 4,361 + 1,415 Other liabilities and accrued dividends (7) 4,079 - 60 - 435 TOTAL LIABILITIES (876) 591,877 + 3,532 + 7,530 CAPITAL ACCOUNTS Capital paid in 7,000 + 1 + 357 Surplus 6,190 + 1 - 242 Other capital accounts 667 + 9 + 69 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 $ 428 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 $ 105 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,752 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,229 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 17, 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 25 20,094 + 5,213 0 0 16,525 0 16 days to 90 days 0 112,438 - 3,931 0 0 5,995 0 91 days to 1 year 0 125,287 - 637 0 0 ——— ——— Over 1 year to 5 years ——— 131,501 0 130 0 ——— ——— Over 5 years to 10 years ——— 56,561 + 654 0 0 ——— ——— Over 10 years ——— 70,897 0 0 0 ——— ——— Total 25 516,778 + 1,300 130 0 22,520 0 1 Includes $ 6,905 million of inflation-indexed securities valued at the original face amount and $ 532 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 17, 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 98 7 5 2 7 0 5 6 6 7 12 2 9 2 12 2 5 2 3 5 7 0 9 7 151 Loans 2 5 1 0 0 0 0 0 1 3 2 0 6 3 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 22,52 0 0 22,52 0 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 184,01 0 10,56 4 71,02 8 7,66 4 10,29 7 10,80 2 12,24 8 22,01 0 6,99 0 77 5 6,13 2 5,44 4 20,055 Notes (3) 239,84 7 13,76 9 92,58 2 9,99 0 13,42 2 14,08 0 15,96 5 28,68 9 9,11 1 1,01 0 7,99 3 7,09 7 26,141 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) 516,77 8 29,66 7 199,47 7 21,52 4 28,91 9 30,33 6 34,39 8 61,81 4 19,63 1 2,17 5 17,22 1 15,29 0 56,323 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 516,77 8 29,66 7 199,47 7 21,52 4 28,91 9 30,33 6 34,39 8 61,81 4 19,63 1 2,17 5 17,22 1 15,29 0 56,323 Total loans and securities 539,45 3 29,67 6 222,04 8 21,52 9 28,92 7 30,34 4 34,40 7 61,84 3 19,63 8 2,17 6 17,23 2 15,29 7 56,337 Items in process of collection 16,37 1 1,76 1 2,30 8 61 3 76 8 1,11 7 1,30 5 1,23 2 74 0 89 9 1,02 2 60 4 4,003 Bank premises 1,46 3 9 4 16 6 5 1 15 4 12 8 25 1 10 4 3 5 12 6 4 9 13 8 167 Other assets (6) 35,08 9 1,67 4 11,89 7 1,23 2 2,06 7 5,27 2 2,27 9 3,39 1 1,03 3 68 8 1,01 4 1,06 7 3,476 Interdistrict settlement account 0 + 1,29 9 +16,29 0 - 1 0 + 77 4 + 1,50 4 + 1,02 3 - 3,51 8 - 1,44 9 - 71 7 - 1,71 6 - 7,24 3 - 6,238 TOTAL ASSETS 606,61 0 35,20 4 258,08 2 23,96 8 33,38 1 39,38 4 40,32 6 64,45 1 20,47 9 3,39 4 18,07 8 10,57 1 59,292 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 $ 428 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 $ 105 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,752 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,229 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 17, 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 553,32 9 31,80 8 240,44 9 22,40 2 30,80 8 33,55 0 36,78 2 60,05 8 19,05 3 1,43 6 16,42 5 8,58 8 51,972 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 13,62 4 1,34 4 3,06 2 39 4 79 3 1,47 5 88 8 1,54 8 49 7 64 6 54 4 92 6 1,507 U.S. Treasury—general account 7,97 9 0 7,97 9 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 10 3 1 7 9 1 2 8 2 3 1 1 1 1 3 Other 28 3 1 13 0 2 4 11 9 1 1 1 0 0 1 1 1 4 Total deposits 21,98 9 1,34 6 11,24 9 39 7 79 9 1,60 1 89 1 1,55 2 50 8 64 8 55 6 92 7 1,514 Deferred credit items 13,35 6 1,05 4 1,77 6 50 3 56 6 1,09 9 1,30 7 1,03 8 44 9 73 8 56 1 51 5 3,749 Other liabilities and accrued dividends (2) 4,07 9 24 6 1,39 9 18 6 22 9 28 0 31 5 46 5 17 2 6 7 16 1 14 9 409 TOTAL LIABILITIES 592,75 3 34,45 5 254,87 3 23,48 8 32,40 2 36,53 0 39,29 6 63,11 3 20,18 1 2,88 9 17,70 3 10,18 0 57,645 CAPITAL ACCOUNTS Capital paid in 7,00 0 35 8 1,46 7 22 8 47 2 1,67 9 49 6 63 3 13 8 36 8 17 9 18 8 792 Surplus 6,19 0 35 8 1,46 8 22 8 47 2 1,10 3 49 5 63 2 13 8 13 7 17 9 18 8 792 Other capital accounts 66 7 3 3 27 3 2 5 3 5 7 3 3 8 7 3 2 2 0 1 7 1 5 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 606,61 0 35,20 4 258,08 2 23,96 8 33,38 1 39,38 4 40,32 6 64,45 1 20,47 9 3,39 4 18,07 8 10,57 1 59,292 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 749,17 7 37,05 6 300,49 9 31,47 5 36,42 6 50,85 2 59,89 1 70,75 4 23,08 4 9,52 2 21,54 3 32,00 2 76,073 Less—Held by F.R. Banks 195,84 8 5,24 8 60,05 0 9,07 3 5,61 8 17,30 3 23,10 9 10,69 6 4,03 1 8,08 7 5,11 9 23,41 4 24,101 F.R. notes, net 553,32 9 31,80 8 240,44 9 22,40 2 30,80 8 33,55 0 36,78 2 60,05 8 19,05 3 1,43 6 16,42 5 8,58 8 51,972 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 655 U.S. govt. and agency securities (3) 539,428 Total collateral 553,329 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.