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.

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of F.R. Banks
                                                                                             March 29, 2001
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     Mar 28, 2001 Mar 21, 2001 Mar 29, 2000 Mar 28, 2001

Reserve Bank Credit                                         576,109    -   5,145    +  22,121      575,738
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    523,930    +   1,577    +  22,226      524,946
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     140           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      15,926    -   6,898    -   1,980       15,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             3    -      17    -      60            0
    Seasonal credit                                              18    -       4    -      64           15
    Extended credit                                               0            0            0            0
   Float                                                         51    -     249    -     283       -1,211
   Other F.R. assets                                         36,171    +     446    +   2,422       36,477
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                32,000    +      14    +   3,042       32,000
        Total factors supplying reserve funds               621,355    -   5,131    +  21,161      620,984
                                                                   
Currency in circulation*                                    585,187    +      59    +  22,196      586,448
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         489    -       6    +     319          478
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,621    -   2,088    -     446        4,764
  Foreign                                                        98    +      15    -      19          145
  Service-related balances and adjustments (5)                6,710    -     227    -     196        6,710
  Other                                                         296    +      59    +     114          251
Other F.R. liabilities and capital                           18,325    +       7    -     781       18,020
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             615,727    -   2,181    +  21,189      616,815

Reserve balances with F.R. Banks  (6)                         5,629    -   2,949    -      27        4,169
                                                                
On     March 28, 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 $    724,855 million, a change of $  -   2,024 million for the week. The total includes
$    604,562 million of U.S. government securities and $    120,293 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 $     17,523 million (daily average over statement week) and $     17,132 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,523 million (daily average)
   and $     17,132 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        435 million (daily average) and $      2,268 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 
   $        595 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 $      6,318 million and adjustments of $        391 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Mar 28, 2001     Mar 21, 2001     Mar 29, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                             1,147        +       1        +     691
Loans                                                               16        -      11        -     108
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           15,500        -  23,050        -   2,920
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     140
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       185,333        +     922        -  12,760
                   Notes (3)                                   243,658        +     602        +  24,576
                   Bonds (4)                                    95,956        +     121        +  10,368
    Total bought outright (5)                                  524,946        +   1,644        +  22,184
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          524,946        +   1,644        +  22,184
       Total loans and securities                              540,472        -  21,417        +  19,016
                          
Items in process of collection                      (988)        6,681        -   1,421        +     447
Bank premises                                                    1,479                0        +      95
Other assets (6)                                                34,985        +     430        +   2,309
                TOTAL ASSETS                        (988)      598,010        -  22,407        +  18,556
                          
                LIABILITIES
Federal Reserve notes                                          556,072        +     155        +  20,171
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,230        -  22,485        -   1,541
  U.S. Treasury--general account                                 4,764        +     102        -     524
  Foreign--official accounts                                       145        +      71        +      65
    Other                                             (0)          251        +      10        +      70
      Total deposits                                  (0)       16,389        -  22,303        -   1,930
Deferred availability cash items                    (988)        7,529        -     243        +   1,116
Other liabilities and accrued dividends (7)                      3,817        -      26        -   1,016
                TOTAL LIABILITIES                   (988)      583,808        -  22,416        +  18,341
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,029        +       6        +     323
Surplus                                                          6,489        +      34        +      58
Other capital accounts                                             685        -      30        -     164

*Figures in parentheses are the eliminations made in the consolidation process.
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 
   $        462 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 
   $        134 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,132 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,268 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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,     March 28, 2001
Holdings of securities include securitites held under repurchase agreements, which are classified according 
to remaining maturity.

Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days              16       20,700   +   1,767            0           0       11,500           0
16 to 90 days                0      116,999   -     214            0           0        4,000           0
91 days to 1 year            0      122,571   -     631            0           0     ------      ------
Over 1 to 5 years                   136,156   +     711           10           0     ------      ------
Over 5 to 10 years                   54,921   +       8            0           0     ------      ------
Over 10 years                        73,599   +       2            0           0     ------      ------
                   		 	
Total                       16      524,946   +   1,644           10           0       15,500           0

1  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        595 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     March 28, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,046        535      4,428        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,147         75         81         67         72        160         97        147         70         46         79        108        146
                       
Loans                                             16          1          0          0          0          0          0          8          2          3          0          0          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          15,500          0     15,500          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  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                     185,333     10,640     71,539      7,719     10,371     10,879     12,336     22,169      7,040        780      6,176      5,484     20,199
                   Notes (3)                 243,658     13,988     94,052     10,148     13,635     14,303     16,218     29,145      9,256      1,026      8,120      7,209     26,556
                   Bonds (4)                  95,956      5,509     37,039      3,997      5,370      5,633      6,387     11,478      3,645        404      3,198      2,839     10,458
     Total bought outright(5)                524,946     30,136    202,630     21,864     29,377     30,816     34,942     62,791     19,941      2,210     17,494     15,532     57,214
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             524,946     30,136    202,630     21,864     29,377     30,816     34,942     62,791     19,941      2,210     17,494     15,532     57,214
       Total loans and securities            540,472     30,138    218,134     21,865     29,377     30,816     34,942     62,800     19,944      2,213     17,494     15,532     57,215
                       
Items in process of collection                 7,669        620        893        437        177        579        608        517        325        462        465        286      2,300
Bank premises                                  1,479         94        167         50        154        129        265        104         36        125         49        138        168
Other assets(5)                               34,985      1,774     12,055      1,297      2,045      4,880      2,274      3,401        960        705        987        976      3,633
Interdistrict settlement account                   0    + 1,124    +13,774    -   542    +   603    + 4,734    +   135    - 3,312    - 1,858    + 2,840    - 1,610    - 7,040    - 8,847
          TOTAL ASSETS                       598,999     34,476    250,406     23,671     33,052     42,196     39,288     64,933     19,906      6,579     17,870     10,611     56,011

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  $        462 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  $        134 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,132 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,268 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     March 28, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         556,072     32,097    238,423     22,177     30,389     37,160     35,897     60,676     18,676      5,009     16,206      9,244     50,119
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,230        593      1,608        365      1,147        923      1,117      1,690        518        516        691        488      1,575
  U.S. Treasury--general account                4,764          0      4,764          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      145          2        121          1          2          7          2          3          1          1          1          1          3
  Other                                           251          2        136          2          2         64         13          1          1          1          7          1         22
    Total deposits                             16,389        596      6,629        368      1,151        994      1,132      1,693        519        519        698        490      1,600
Deferred credit items                           8,517        688        900        476        354        674        939        678        255        481        433        379      2,259
Other liabilities and accrued                 
  dividends (2)                                 3,817        227      1,283        171        222        280        298        429        161         67        153        144        383
    TOTAL LIABILITIES                         584,796     33,608    247,236     23,191     32,117     39,108     38,265     63,475     19,612      6,076     17,490     10,256     54,362
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,029        416      1,451        228        431      1,680        489        695        137        372        183        150        795
Surplus                                         6,489        358      1,468        228        472      1,407        495        632        138        131        179        188        792
Other capital accounts                            685         92        252         24         32          0         39        132         20          0         17         16         62
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              598,999     34,476    250,406     23,671     33,052     42,196     39,288     64,933     19,906      6,579     17,870     10,611     56,011
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        741,569     36,575    296,948     30,795     36,066     52,231     59,050     70,346     22,754      9,382     21,051     31,823     74,548
  Less--Held by F.R. Banks                    185,497      4,477     58,525      8,619      5,677     15,071     23,153      9,670      4,078      4,373      4,845     22,578     24,428
  F.R. notes, net                             556,072     32,097    238,423     22,177     30,389     37,160     35,897     60,676     18,676      5,009     16,206      9,244     50,119
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        2,370
   U.S. govt. and agency securities(3)        540,456
     Total collateral                         556,072

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal 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.