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

FEDERAL RESERVE

 January 4, 2001

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.

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

F.R. Banks, Reserve Bank credit, and related items

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.

Change from week ended Wednesday

 Jan 3, 2001 Week ended

 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 ( 7 5 2 ) 13,884 + 3,797 + 5,525

Bank premises 1,461 + 6 + 95

Other assets (6) 34,404 + 136 + 676

 TOTAL ASSETS ( 7 5 2 ) 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 ( 7 5 2 ) 11,280 + 3,203 + 3,508

Other liabilities and accrued dividends (7) 4,091 - 250 - 170

TOTAL LIABILITIES ( 7 5 2 ) 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

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jan 5, 2000

Eliminations from

Consolidation Wednesday

 Jan 3, 2001

Wednesday

Dec 27, 2000

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

 Federal agency

obligations(2)

Weekly

changes Holdings

 U.S. government

securities (1,2)

Holdings Weekly

changes

Loans

Repurchase

Agreements—

Triparty (3)

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.

Reverse

Repurchase

Agreements—

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
 535

 115 47 0 0 0 7 0 10,441 13,699 5,327 29,466 0 29,466 29,474 1,359 93 1,632 + 1,686 34,940

 Each Federal Reserve Bank on January 3, 2001

Dallas San Francisco Kansas City Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneapolis

 through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities.

on-indexed securities valued at the original face amount and $ 426 million of compensation that adjusts for the effects of inflation on the

on-indexed securities valued at the original face amount and $ 104 million of compensation that adjusts for the effects of inflation on the

ale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,250 million that are fully

ent securities.

ign currencies, revalued monthly at market exchange rates.

to rounding.

 11,046 2,200 935 58 0 30,475 130 0 181,876 238,618 92,784 513,278 0 513,278 543,941 14,636 1,461 34,404 0 608,623

 4,428 874 75 0 0 30,475 50 0 70,205 92,107 35,815 198,126 0 198,126 228,652 1,698 166 11,605 + 4,998 252,495

 414 83 52 0 0 0 5 0 7,575 9,939 3,865 21,378 0 21,378 21,384 579 51 1,235 + 922 24,719

 520 104 65 0 0 0 7 0 10,178 13,353 5,192 28,724 0 28,724 28,731 642 154 2,019 + 1,520 33,756

 750 147 115 0 0 0 8 0 10,677 14,007 5,447 30,131 0 30,131 30,138 1,079 128 5,282 + 2,493 40,133

 802 166 79 2 0 0 9 0 12,106 15,883 6,176 34,165 0 34,165 34,176 1,184 251 2,236 + 2,787 41,682

 1,064 212 113 13 0 0 16 0 21,755 28,542 11,098 61,396 0 61,396 61,424 1,239 104 3,304 - 2,194 65,267

 359 71 49 13 0 0 5 0 6,909 9,064 3,525 19,498 0 19,498 19,516 610 35 1,008 - 953 20,695

 158 30 32 0 0 0 1 0 766 1,005 391 2,161 0 2,161 2,162 1,128 126 680 - 370 3,945

 340 66 66 22 0 0 4 0 6,061 7,952 3,092 17,105 0 17,105 17,131 888 49 992 - 1,143 18,388

 514 98 87 4 0 0 4 0 5,381 7,060 2,745 15,187 0 15,187 15,194 508 138 1,043 - 6,586 10,996

 1,162 234 155 5 0 0 14 0 19,823 26,007 10,113 55,942 0 55,942 55,960 3,722 166 3,368 - 3,159 61,608
f Each Federal Reserve Bank on January 3, 2001

Dallas San Francisco Kansas City Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneapolis

(1)

TS

 through third-party custodial banks. These agreements are collateralized by U.S. government and agency securities.

nt reflecting the monthly revaluation at market exchange rates of foreign exchange commitments.

ies bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty

value of securities pledged under reverse repurchase agreements.

to rounding.

 562,879 0 12,058 3,832 76 204 16,169 12,032 4,091 595,171 6,997 6,188 267 608,623 751,176 188,297 562,879 11,046 2,200 5,750 543,883 562,879

 32,184 0 898 0 1 1 901 878 248 34,210 358 358 14 34,940 36,954 4,770 32,184

 240,853 0 1,770 3,832 52 137 5,791 1,390 1,406 249,441 1,467 1,468 120 252,495 301,012 60,159 240,853

 23,068 0 422 0 1 2 425 573 187 24,252 228 228 10 24,719 31,615 8,547 23,068

 31,254 0 814 0 2 2 818 492 233 32,797 472 472 15 33,756 36,400 5,146 31,254

 34,109 0 1,968 0 8 25 2,002 954 279 37,345 1,679 1,103 7 40,133 50,762 16,652 34,109

 38,488 0 814 0 2 4 819 1,053 314 40,675 495 495 16 41,682 60,319 21,830 38,488

 61,191 0 1,284 0 3 1 1,287 1,026 468 63,973 632 632 31 65,267 70,721 9,529 61,191

 19,400 0 460 0 1 1 463 374 172 20,409 138 138 10 20,695 23,186 3,786 19,400

 1,581 0 952 0 1 1 954 843 64 3,442 368 135 0 3,945 9,581 8,000 1,581

 16,680 0 597 0 1 24 622 557 161 18,021 179 179 9 18,388 21,604 4,924 16,680

 9,537 0 524 0 1 1 526 399 149 10,611 188 188 8 10,996 32,267 22,730 9,537

 54,532 0 1,555 0 3 4 1,561 3,492 411 59,996 792 792 28 61,608 76,756 22,224 54,532