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
                                                                                           February 1, 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     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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          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 (1)                               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

*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 
   $        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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,   January 31, 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              30       20,921   -   1,351            0           0       14,920           0
16 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 to 5 years                   130,088   -   2,072          130           0     ------      ------
Over 5 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   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                                           1,066         59         75         58         73        134        105        130         58         41         74        107        152
                       
Loans                                             35          4          3          0          0          0          0         16          3          4          3          3          0
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          18,920          0     18,920          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                130          7         50          5          7          8          9         16          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                     182,949     10,503     70,619      7,620     10,238     10,740     12,178     21,883      6,950        770      6,097      5,413     19,939
                   Notes (3)                 239,725     13,762     92,534      9,985     13,415     14,072     15,957     28,675      9,106      1,009      7,989      7,093     26,127
                   Bonds (4)                  93,345      5,359     36,031      3,888      5,224      5,480      6,213     11,165      3,546        393      3,111      2,762     10,174
     Total bought outright(5)                516,018     29,624    199,184     21,492     28,877     30,291     34,347     61,723     19,602      2,172     17,196     15,268     56,240
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             516,018     29,624    199,184     21,492     28,877     30,291     34,347     61,723     19,602      2,172     17,196     15,268     56,240
       Total loans and securities            535,103     29,635    218,157     21,498     28,884     30,299     34,356     61,755     19,610      2,177     17,203     15,274     56,255
                       
Items in process of collection                10,928        614      1,109        500        491        678      1,147        883        543      1,183        553        441      2,788
Bank premises                                  1,467         93        167         51        154        127        257        104         35        125         49        138        168
Other assets(5)                               35,167      1,682     11,959      1,231      2,069      5,237      2,291      3,407      1,044        684      1,026      1,068      3,470
Interdistrict settlement account                   0    + 1,676    +17,352    +   416    +   983    + 1,298    + 1,218    - 3,595    - 1,319    -   893    - 1,534    - 8,045    - 7,557
          TOTAL ASSETS                       596,977     34,409    254,122     24,251     33,278     38,670     40,342     63,959     20,400      3,504     17,776      9,596     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   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         549,436     31,788    239,057     22,290     30,376     33,749     36,475     59,838     18,863      1,795     16,195      8,130     50,879
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,420      1,002      4,057        677      1,336      1,026      1,608      1,634        808        532        701        615      1,423
  U.S. Treasury--general account                5,256          0      5,256          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      199          1        176          1          2          8          2          3          1          1          1          1          3
  Other                                           306          0        147          0          1        129          2          1          8          1          9          1          6
    Total deposits                             21,182      1,004      9,636        678      1,339      1,163      1,612      1,638        816        534        711        617      1,433
Deferred credit items                           8,712        618        942        629        379        616        937        718        264        611        341        317      2,339
Other liabilities and accrued                 
  dividends (2)                                 3,960        239      1,343        181        227        279        306        452        168         65        158        145        398
    TOTAL LIABILITIES                         583,290     33,649    250,978     23,778     32,322     35,807     39,330     62,646     20,111      3,005     17,405      9,210     55,048
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,014        369      1,468        228        472      1,679        496        633        138        369        179        188        794
Surplus                                         6,265        358      1,468        228        472      1,184        495        632        138        131        179        188        792
Other capital accounts                            409         33        208         17         12          0         20         48         14          0         13          9         36
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              596,977     34,409    254,122     24,251     33,278     38,670     40,342     63,959     20,400      3,504     17,776      9,596     56,671
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        746,920     37,121    299,102     31,442     36,458     50,910     59,890     70,492     22,964      9,461     21,483     31,879     75,720
  Less--Held by F.R. Banks                    197,484      5,332     60,045      9,152      6,082     17,160     23,414     10,654      4,101      7,666      5,288     23,749     24,841
  F.R. notes, net                             549,436     31,788    239,057     22,290     30,376     33,749     36,475     59,838     18,863      1,795     16,195      8,130     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 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.