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 25, 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 24, 2001 Jan 17, 2001 Jan 26, 2000 Jan 24, 2001 Reserve Bank Credit 577,567 - 270 + 11,826 589,528 U.S. government securities (1) Bought outright-system account (2,3) 516,988 + 700 + 19,410 518,441 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 49 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 22,429 - 1,799 - 6,392 33,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 79 + 75 - 38 4 Seasonal credit 23 - 3 - 4 24 Extended credit 0 0 0 0 Float 1,189 + 441 - 2,176 940 Other F.R. assets 36,730 + 316 + 1,093 36,989 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,261 + 14 + 3,024 31,261 Total factors supplying reserve funds 622,074 - 256 + 10,848 634,035 Currency in circulation* 580,002 - 3,791 + 8,122 579,494 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 445 - 11 + 320 451 Deposits, other than reserve balances, with F.R. Banks Treasury 7,078 + 549 - 127 7,357 Foreign 85 - 21 + 2 69 Service-related balances and adjustments (5) 6,947 + 316 - 822 6,947 Other 267 + 68 + 30 262 Other F.R. liabilities and capital 18,248 - 17 - 243 17,937 Total factors, other than reserve balances, absorbing reserve funds 613,072 - 2,908 + 7,282 612,516 Reserve balances with F.R. Banks (6) 9,002 + 2,651 + 3,566 21,519 On January 24, 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 $ 693,117 million, a change of $ - 3,540 million for the week. The total includes $ 585,653 million of U.S. government securities and $ 107,464 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 $ 15,924 million (daily average over statement week) and $ 15,520 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 15,924 million (daily average) and $ 15,520 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,945 million (daily average) and $ 2,218 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 555 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 $ 6,075 million and adjustments of $ 872 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 24, 2001 Jan 17, 2001 Jan 26, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,028 + 41 + 703 Loans 28 + 3 - 170 Acceptances 0 0 0 Repurchase agreements — triparty (1) 33,000 + 10,480 + 7,895 Federal agency obligations (2) Bought outright 130 0 - 45 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 184,510 + 500 - 12,601 Notes (3) 240,586 + 739 + 21,574 Bonds (4) 93,345 + 424 + 10,330 Total bought outright (5) 518,441 + 1,663 + 19,303 Held under repurchase agreements 0 0 0 Total U.S. government securities 518,441 + 1,663 + 19,303 Total loans and securities 551,598 + 12,145 + 26,981 Items in process of collection (1,084) 8,815 - 6,680 - 8,307 Bank premises 1,463 0 + 97 Other assets (6) 35,555 + 466 + 1,093 TOTAL ASSETS (1,084) 611,706 + 5,972 + 16,566 LIABILITIES Federal Reserve notes 549,711 - 3,618 + 7,904 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 28,678 + 15,054 + 9,184 U.S. Treasury—general account 7,357 - 622 - 1,423 Foreign—official accounts 69 - 34 - 12 Other (0) 262 - 21 + 25 Total deposits (0) 36,366 + 14,376 + 7,774 Deferred availability cash items (1,084) 7,692 - 4,787 + 1,313 Other liabilities and accrued dividends (7) 4,023 - 56 - 442 TOTAL LIABILITIES (1,084) 597,792 + 5,915 + 16,549 CAPITAL ACCOUNTS Capital paid in 7,011 + 11 + 363 Surplus 6,298 + 108 - 134 Other capital accounts 605 - 62 - 213 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 431 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,218 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 24, 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 22,272 + 2,178 0 0 29,000 0 16 days to 90 days 0 111,129 - 1,309 0 0 4,000 0 91 days to 1 year 0 124,918 - 369 0 0 ——— ——— Over 1 year to 5 years ——— 132,160 + 659 130 0 ——— ——— Over 5 years to 10 years ——— 56,750 + 189 0 0 ——— ——— Over 10 years ——— 71,212 + 315 0 0 ——— ——— Total 28 518,441 + 1,663 130 0 33,000 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 555 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 24, 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 1,02 8 5 9 7 3 5 6 7 0 13 0 9 9 12 4 5 3 3 8 7 1 10 2 152 Loans 2 8 2 0 0 0 0 0 1 3 2 0 9 1 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 33,00 0 0 33,00 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 184,51 0 10,59 2 71,22 1 7,68 5 10,32 5 10,83 1 12,28 1 22,07 0 7,00 9 77 7 6,14 9 5,45 9 20,110 Notes (3) 240,58 6 13,81 2 92,86 7 10,02 0 13,46 3 14,12 3 16,01 4 28,77 8 9,13 9 1,01 3 8,01 7 7,11 8 26,221 Bonds (4) 93,34 5 5,35 9 36,03 1 3,88 8 5,22 4 5,48 0 6,21 3 11,16 5 3,54 6 39 3 3,11 1 2,76 2 10,174 Total bought outright (5) 518,44 1 29,76 3 200,11 9 21,59 3 29,01 3 30,43 4 34,50 9 62,01 3 19,69 4 2,18 2 17,27 7 15,33 9 56,504 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 518,44 1 29,76 3 200,11 9 21,59 3 29,01 3 30,43 4 34,50 9 62,01 3 19,69 4 2,18 2 17,27 7 15,33 9 56,504 Total loans and securities 551,59 8 29,77 3 233,16 9 21,59 9 29,02 0 30,44 1 34,51 7 62,04 2 19,70 1 2,18 3 17,29 0 15,34 4 56,519 Items in process of collection 9,89 9 48 9 1,08 0 53 0 35 7 68 1 81 6 92 6 50 9 56 9 50 1 65 0 2,791 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) 35,55 5 1,70 3 12,07 6 1,25 2 2,09 2 5,31 1 2,31 3 3,44 9 1,05 5 69 0 1,03 2 1,08 0 3,501 Interdistrict settlement account 0 + 2,33 5 + 7,80 5 + 36 2 + 82 7 + 3,10 0 + 1,25 4 - 23 4 - 1,28 0 + 24 5 - 1,40 6 - 6,82 7 - 6,181 TOTAL ASSETS 612,79 0 35,10 3 259,67 2 24,34 6 33,14 3 40,68 8 40,21 9 67,68 8 20,50 4 4,03 9 17,94 3 11,10 0 58,344 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 $ 5,552 million of inflation-indexed securities valued at the original face amount and $ 431 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 1,834 million of inflation-indexed securities valued at the original face amount and $ 124 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 15,520 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,218 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 24, 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 549,71 1 31,71 2 239,44 6 22,22 3 30,42 6 33,44 3 36,60 4 59,74 0 18,83 5 1,59 1 16,18 1 8,30 3 51,206 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 28,67 8 1,77 8 7,08 6 84 1 1,12 8 3,19 9 1,40 9 5,48 2 94 3 1,34 5 88 2 1,82 8 2,758 U.S. Treasury—general account 7,35 7 0 7,35 7 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 6 9 1 4 5 1 2 8 2 3 1 1 1 1 3 Other 26 2 0 13 1 3 2 11 1 1 2 6 0 4 1 1 Total deposits 36,36 6 1,77 9 14,61 9 84 4 1,13 2 3,31 8 1,41 2 5,48 6 95 0 1,34 6 88 7 1,83 0 2,762 Deferred credit items 8,77 6 60 6 1,03 5 61 6 38 0 75 9 85 6 66 8 24 6 52 8 33 6 42 3 2,324 Other liabilities and accrued dividends (2) 4,02 3 24 4 1,37 2 18 2 22 7 27 9 30 9 45 5 16 9 6 9 16 1 15 0 404 TOTAL LIABILITIES 598,87 6 34,34 3 256,47 2 23,86 6 32,16 5 37,79 9 39,18 1 66,35 0 20,20 1 3,53 3 17,56 4 10,70 6 56,696 CAPITAL ACCOUNTS Capital paid in 7,01 1 36 8 1,46 8 22 8 47 2 1,67 9 49 6 63 3 13 8 36 9 17 9 18 8 792 Surplus 6,29 8 35 8 1,46 8 22 8 47 2 1,21 0 49 5 63 2 13 8 13 7 17 9 18 8 792 Other capital accounts 60 5 3 4 26 5 2 5 3 4 0 4 6 7 3 2 7 0 2 1 1 7 64 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 612,79 0 35,10 3 259,67 2 24,34 6 33,14 3 40,68 8 40,21 9 67,68 8 20,50 4 4,03 9 17,94 3 11,10 0 58,344 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 748,17 2 37,08 7 299,37 4 31,55 4 36,43 6 50,86 1 60,14 2 70,60 6 23,00 9 9,48 7 21,53 1 32,01 2 76,074 Less—Held by F.R. Banks 198,46 1 5,37 5 59,92 8 9,33 0 6,01 0 17,41 8 23,53 9 10,86 5 4,17 4 7,89 6 5,34 9 23,70 8 24,868 F.R. notes, net 549,71 1 31,71 2 239,44 6 22,22 3 30,42 6 33,44 3 36,60 4 59,74 0 18,83 5 1,59 1 16,18 1 8,30 3 51,206 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) 536,465 Total collateral 549,711 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.