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. February 1, 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 31, 2001 Jan 24, 2001 Feb 2, 2000 Jan 31, 2001 Reserve Bank Credit 573,712 - 3,843 + 15,342 573,200 U.S. government securities (1) Bought outright-system account (2,3) 516,799 - 189 + 16,296 516,018 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 130 0 - 45 130 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 18,986 - 3,443 - 2,157 18,920 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 12 - 67 - 70 5 Seasonal credit 31 + 8 + 7 30 Extended credit 0 0 0 0 Float 686 - 492 - 290 1,547 Other F.R. assets 37,068 + 338 + 1,634 36,550 Gold stock 11,046 0 - 2 11,046 Special drawing rights certificate account 2,200 0 - 4,000 2,200 Treasury currency outstanding 31,513 + 14 + 3,231 31,513 Total factors supplying reserve funds 618,471 - 3,828 + 14,570 617,958 Currency in circulation* 578,111 - 2,128 + 11,294 579,406 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 455 + 10 + 329 477 Deposits, other than reserve balances, with F.R. Banks Treasury 8,903 + 1,825 + 2,772 5,256 Foreign 110 + 25 - 36 199 Service-related balances and adjustments (5) 6,585 - 362 - 643 6,585 Other 277 + 10 + 29 306 Other F.R. liabilities and capital 18,198 - 50 - 146 17,648 Total factors, other than reserve balances, absorbing reserve funds 612,640 - 669 + 13,600 609,878 Reserve balances with F.R. Banks (6) 5,831 - 3,159 + 970 8,081 On January 31, 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 $ 697,628 million, a change of $ + 4,511 million for the week. The total includes $ 590,856 million of U.S. government securities and $ 106,773 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 $ 17,074 million (daily average over statement week) and $ 17,197 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 17,074 million (daily average) and $ 17,197 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,943 million (daily average) and $ 555 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 $ 556 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 $ 6,096 million and adjustments of $ 489 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 31, 2001 Jan 24, 2001 Feb 2, 2000 ASSETS Gold certificate account 11,046 0 - 2 Special drawing rights certificate account 2,200 0 - 4,000 Coin 1,066 + 38 + 715 Loans 35 + 7 - 92 Acceptances 0 0 0 Repurchase agreements — triparty (1) 18,920 - 14,080 - 190 Federal agency obligations (2) Bought outright 130 0 - 45 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 182,949 - 1,561 - 15,032 Notes (3) 239,725 - 861 + 20,712 Bonds (4) 93,345 0 + 9,261 Total bought outright (5) 516,018 - 2,423 + 14,940 Held under repurchase agreements 0 0 0 Total U.S. government securities 516,018 - 2,423 + 14,940 Total loans and securities 535,103 - 16,495 + 14,613 Items in process of collection (905) 10,023 + 1,208 + 2,267 Bank premises 1,467 + 4 + 102 Other assets (6) 35,167 - 388 + 1,644 TOTAL ASSETS (905) 596,072 - 15,634 + 15,339 LIABILITIES Federal Reserve notes 549,436 - 275 + 10,467 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 15,420 - 13,258 + 4,608 U.S. Treasury—general account 5,256 - 2,101 + 360 Foreign—official accounts 199 + 130 + 56 Other (0) 306 + 44 + 40 Total deposits (0) 21,182 - 15,184 + 5,066 Deferred availability cash items (905) 7,806 + 114 - 39 Other liabilities and accrued dividends (7) 3,960 - 63 - 450 TOTAL LIABILITIES (905) 582,384 - 15,408 + 15,043 CAPITAL ACCOUNTS Capital paid in 7,014 + 3 + 364 Surplus 6,265 - 33 - 60 Other capital accounts 409 - 196 - 8 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 $ 432 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 $ 17,197 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 555 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 31, 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 30 20,921 - 1,351 0 0 14,920 0 16 days to 90 days 5 112,430 + 1,301 0 0 4,000 0 91 days to 1 year 0 124,617 - 301 0 0 ——— ——— Over 1 year to 5 years ——— 130,088 - 2,072 130 0 ——— ——— Over 5 years to 10 years ——— 56,750 0 0 0 ——— ——— Over 10 years ——— 71,212 0 0 0 ——— ——— Total 35 516,018 - 2,423 130 0 18,920 0 1 Includes $ 7,386 million of inflation-indexed securities valued at the original face amount and $ 556 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 31, 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 1,06 6 5 9 7 5 5 8 7 3 13 4 10 5 13 0 5 8 4 1 7 4 10 7 152 Loans 3 5 4 3 0 0 0 0 1 6 3 4 3 3 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 18,92 0 0 18,92 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 182,94 9 10,50 3 70,61 9 7,62 0 10,23 8 10,74 0 12,17 8 21,88 3 6,95 0 77 0 6,09 7 5,41 3 19,939 Notes (3) 239,72 5 13,76 2 92,53 4 9,98 5 13,41 5 14,07 2 15,95 7 28,67 5 9,10 6 1,00 9 7,98 9 7,09 3 26,127 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) 516,01 8 29,62 4 199,18 4 21,49 2 28,87 7 30,29 1 34,34 7 61,72 3 19,60 2 2,17 2 17,19 6 15,26 8 56,240 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 516,01 8 29,62 4 199,18 4 21,49 2 28,87 7 30,29 1 34,34 7 61,72 3 19,60 2 2,17 2 17,19 6 15,26 8 56,240 Total loans and securities 535,10 3 29,63 5 218,15 7 21,49 8 28,88 4 30,29 9 34,35 6 61,75 5 19,61 0 2,17 7 17,20 3 15,27 4 56,255 Items in process of collection 10,92 8 61 4 1,10 9 50 0 49 1 67 8 1,14 7 88 3 54 3 1,18 3 55 3 44 1 2,788 Bank premises 1,46 7 9 3 16 7 5 1 15 4 12 7 25 7 10 4 3 5 12 5 4 9 13 8 168 Other assets (6) 35,16 7 1,68 2 11,95 9 1,23 1 2,06 9 5,23 7 2,29 1 3,40 7 1,04 4 68 4 1,02 6 1,06 8 3,470 Interdistrict settlement account 0 + 1,67 6 +17,35 2 + 41 6 + 98 3 + 1,29 8 + 1,21 8 - 3,59 5 - 1,31 9 - 89 3 - 1,53 4 - 8,04 5 - 7,557 TOTAL ASSETS 596,97 7 34,40 9 254,12 2 24,25 1 33,27 8 38,67 0 40,34 2 63,95 9 20,40 0 3,50 4 17,77 6 9,59 6 56,671 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 $ 432 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 $ 17,197 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 555 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 31, 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 549,43 6 31,78 8 239,05 7 22,29 0 30,37 6 33,74 9 36,47 5 59,83 8 18,86 3 1,79 5 16,19 5 8,13 0 50,879 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,42 0 1,00 2 4,05 7 67 7 1,33 6 1,02 6 1,60 8 1,63 4 80 8 53 2 70 1 61 5 1,423 U.S. Treasury—general account 5,25 6 0 5,25 6 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 19 9 1 17 6 1 2 8 2 3 1 1 1 1 3 Other 30 6 0 14 7 0 1 12 9 2 1 8 1 9 1 6 Total deposits 21,18 2 1,00 4 9,63 6 67 8 1,33 9 1,16 3 1,61 2 1,63 8 81 6 53 4 71 1 61 7 1,433 Deferred credit items 8,71 2 61 8 94 2 62 9 37 9 61 6 93 7 71 8 26 4 61 1 34 1 31 7 2,339 Other liabilities and accrued dividends (2) 3,96 0 23 9 1,34 3 18 1 22 7 27 9 30 6 45 2 16 8 6 5 15 8 14 5 398 TOTAL LIABILITIES 583,29 0 33,64 9 250,97 8 23,77 8 32,32 2 35,80 7 39,33 0 62,64 6 20,11 1 3,00 5 17,40 5 9,21 0 55,048 CAPITAL ACCOUNTS Capital paid in 7,01 4 36 9 1,46 8 22 8 47 2 1,67 9 49 6 63 3 13 8 36 9 17 9 18 8 794 Surplus 6,26 5 35 8 1,46 8 22 8 47 2 1,18 4 49 5 63 2 13 8 13 1 17 9 18 8 792 Other capital accounts 40 9 3 3 20 8 1 7 1 2 0 2 0 4 8 1 4 0 1 3 9 36 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 596,97 7 34,40 9 254,12 2 24,25 1 33,27 8 38,67 0 40,34 2 63,95 9 20,40 0 3,50 4 17,77 6 9,59 6 56,671 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 746,92 0 37,12 1 299,10 2 31,44 2 36,45 8 50,91 0 59,89 0 70,49 2 22,96 4 9,46 1 21,48 3 31,87 9 75,720 Less—Held by F.R. Banks 197,48 4 5,33 2 60,04 5 9,15 2 6,08 2 17,16 0 23,41 4 10,65 4 4,10 1 7,66 6 5,28 8 23,74 9 24,841 F.R. notes, net 549,43 6 31,78 8 239,05 7 22,29 0 30,37 6 33,74 9 36,47 5 59,83 8 18,86 3 1,79 5 16,19 5 8,13 0 50,879 Collateral held against F.R. notes Gold certificate account 11,046 Special drawing rights certificate account 2,200 Other eligible assets 1,122 U.S. govt. and agency securities (3) 535,068 Total collateral 549,436 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.