Reserve Bank Credit 672,702 + 49,919 + 110,494 608,865

U.S. government securities (1)

Bought outright-system account (2,3) 523,359 - 17,119 + 14,346 526,624

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 120 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 75,296 + 46,433 + 58,010 39,600

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 1,502 - 10,240 + 1,367 2,587

Seasonal credit 95 0 - 289 87

Extended credit 0 0 0 0

Float 28,339 + 24,058 + 27,362 2,345

Other F.R. assets 44,101 + 6,786 + 9,817 37,613

Gold stock 11,043 - 1 - 3 11,043

Special drawing rights certificate account 2,200 0 - 1,143 2,200

Treasury currency outstanding 32,824 + 14 + 2,116 32,824

Total factors supplying reserve funds 718,769 + 49,932 + 111,464 654,932

Currency in circulation* 615,185 + 2,696 + 45,536 615,303

Reverse repurchase agreements — triparty (4) 0 0 0 0

Treasury cash holdings* 426 + 4 + 262 430

Deposits, other than reserve balances, with F.R. Banks

Treasury 6,291 + 941 - 2,283 5,413

Foreign 157 + 78 + 71 258

Service-related balances and adjustments (5) 7,708 + 129 + 1,235 7,708

Other 382 - 85 + 183 288

Other F.R. liabilities and capital 20,660 + 1,436 + 5,399 20,071

Total factors, other than reserve balances,

absorbing reserve funds 650,809 + 5,199 + 50,403 649,471

Reserve balances with F.R. Banks (6) 67,960 + 44,734 + 61,061 5,461

FEDERAL RESERVE

 September 20, 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 September 19, 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 $ 727,796 million, a change of $ + 5,913 million for the week. The total includes

$ 600,954 million of U.S. government securities and $ 126,842 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 $ 36,133 million (daily average over statement week) and $ 32,895 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 36,133 million (daily average) and $ 32,895 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 5,729 million (daily average)

and $ 2,728 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 880 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 $ 7,283 million and adjustments of $ 425 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

Sep 19, 2001 Week ended

Sep 19, 2001 Sep 12, 2001 Sep 20, 2000
ASSETS

Gold certificate account 11,043 0 - 3

Special drawing rights certificate account 2,200 0 - 1,000

Coin 1,102 + 21 + 337

Loans 2,673 - 42,949 + 1,373

Acceptances 0 0 0

Repurchase agreements — triparty (1) 39,600 - 21,405 + 19,715

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 167,582 - 3,754 - 16,450

Notes (3) 257,036 - 4 + 21,780

Bonds (4) 102,005 - 3 + 10,858

Total bought outright (5) 526,624 - 3,761 + 16,190

Held under repurchase agreements 0 0 0

Total U.S. government securities 526,624 - 3,761 + 16,190

Total loans and securities 568,907 - 68,115 + 37,157

Items in process of collection (1,017) 12,433 - 18,495 + 4,570

Bank premises 1,510 0 + 88

Other assets (6) 35,995 - 10,233 + 2,718

 TOTAL ASSETS (1,017) 633,190 - 96,823 + 43,867

LIABILITIES

Federal Reserve notes 584,010 - 368 + 44,036

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 15,141 - 93,541 - 4,200

U.S. Treasury—general account 5,413 - 580 - 2,000

Foreign—official accounts 258 + 189 + 192

Other ( 0 ) 288 - 862 + 96

Total deposits ( 0 ) 21,101 - 94,793 - 5,911

Deferred availability cash items (1,017) 8,008 + 389 + 674

Other liabilities and accrued dividends (7) 4,575 - 2,614 + 247

TOTAL LIABILITIES (1,017) 617,694 - 97,386 + 39,046

CAPITAL ACCOUNTS

Capital paid in 7,202 + 5 + 267

Surplus 6,764 + 21 + 4,085

Other capital accounts 1,530 + 538 + 470

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 20, 2000

Eliminations from

Consolidation Wednesday

Sep 19, 2001

Wednesday

Sep 12, 2001

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 564 million of compensation

that adjusts for the effects of inflation on the principal of such securities.

4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 316 million of compensation

that adjusts for the effects of inflation on the principal of such securities.

5 Net of $ 32,895 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,728 million that are fully collateralized by other U.S. government securities.

6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates.

7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Maturity Distribution of Loans and Securities, September 19, 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 $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 880 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 2,662 20,683 + 19,121 0 0 37,600 0

16 days to 90 days 12 98,641 - 22,208 0 0 2,000 0

91 days to 1 year 0 130,836 - 668 0 0 ——— ———

 Over 1 year to 5 years ——— 142,304 0 10 0 ——— ———

 Over 5 years to 10 years ——— 55,576 - 3 0 0 ——— ———

Over 10 years ——— 78,584 - 2 0 0 ——— ———

Total 2,673 526,624 - 3,761 10 0 39,600 0
 546

 115 58 411 0 0 1 0 10,069 15,443 6,129 31,641 0 31,641 32,052 552 93 1,861 + 46 35,323

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on September 19, 2001Millions of dollars

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

ASSETS

Gold certificate accountSpecial drawing rights certif. acct.CoinLoansAcceptancesRepurchase agreements — triparty (1)

Federal agency obligations (2)

Bought outrightHeld under repurchase agreements

U.S. government securities (2)

Bought outright— Bills

Notes (3)Bonds (4)

Total bought outright (5)

Held under repurchase agreements

Total U.S. govt. securities

Total loans and securities

Items in process of collectionBank premisesOther assets (6)Interdistrict settlement account

TOTAL ASSETS

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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 564 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 316 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 32,895 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,728 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.

 11,043 2,200 1,102 2,673 0 39,600 10 0 167,582 257,036 102,005 526,624 0 526,624 568,907 13,450 1,510 35,995 0 634,207

 4,449 874 64 0 0 39,600 4 0 68,647 105,291 41,785 215,722 0 215,722 255,327 1,795 169 12,912 -13,586 262,003

 454 83 52 54 0 0 0 0 6,883 10,557 4,190 21,630 0 21,630 21,685 468 49 1,303 - 1,174 22,919

 538 104 67 400 0 0 1 0 9,811 15,048 5,972 30,831 0 30,831 31,232 355 153 2,132 - 900 33,680

 741 147 179 773 0 0 1 0 10,011 15,355 6,094 31,461 0 31,461 32,234 342 132 4,994 +11,938 50,708

 871 166 134 517 0 0 1 0 11,523 17,675 7,014 36,212 0 36,212 36,730 794 285 2,372 + 2,801 44,154

 1,028 212 133 23 0 0 1 0 18,980 29,111 11,553 59,644 0 59,644 59,668 1,494 106 3,411 + 5,326 71,378

 343 71 57 25 0 0 0 0 6,040 9,264 3,677 18,981 0 18,981 19,007 766 40 957 + 186 21,427

 143 30 35 29 0 0 0 0 523 802 318 1,643 0 1,643 1,672 706 124 696 + 4,286 7,692

 317 66 69 205 0 0 0 0 5,172 7,933 3,148 16,254 0 16,254 16,460 796 49 972 + 78 18,808

 477 98 117 3 0 0 0 0 3,038 4,660 1,849 9,547 0 9,547 9,550 939 137 806 + 1,651 13,774

 1,136 234 137 233 0 0 1 0 16,883 25,896 10,277 53,056 0 53,056 53,290 4,443 173 3,579 -10,652 52,340
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on September 19, 2001Millions of dollars

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

 LIABILITIES

Federal Reserve notesReverse repurchase agreements—triparty (1)

Deposits

Depository institutionsU.S. Treasury—general accountForeign—official accountsOther

Total deposits

Deferred credit itemsOther liabilities and accrued

dividends (2)

TOTAL LIABILITIES

CAPITAL ACCOUNTS

Capital paid inSurplusOther capital accounts

TOTAL LIABILITIES AND CAPITAL

ACCOUNTS

FEDERAL RESERVE AGENTS’ ACCOUNTSF.R. notes outstandingLess—Held by F.R. Banks

F.R. notes, net

Collateral held against F.R. notes

Gold certificate accountSpecial drawing rights

certificate account

Other eligible assetsU.S. govt. and agency securities (3)

 Total collateral1 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.

 584,010 0 15,141 5,413 258 288 21,101 9,025 4,575 618,711 7,202 6,764 1,530 634,207 740,984 156,974 584,010 11,043 2,200 4,533 566,234 584,010

 32,063 0 1,597 0 2 1 1,599 574 184 34,421 421 358 123 35,323 36,370 4,307 32,063

 246,042 0 2,765 5,413 235 139 8,552 1,465 2,613 258,672 1,468 1,468 395 262,003 289,461 43,419 246,042

 21,416 0 349 0 1 1 350 529 134 22,429 221 228 40 22,919 29,118 7,702 21,416

 30,449 0 1,341 0 2 2 1,345 411 173 32,377 619 472 213 33,680 35,959 5,510 30,449

 44,566 0 1,551 0 7 131 1,690 655 237 47,149 1,704 1,679 177 50,708 55,966 11,400 44,566

 40,342 0 1,635 0 2 0 1,637 775 250 43,004 538 495 116 44,154 64,102 23,760 40,342

 66,181 0 2,531 0 3 1 2,534 765 313 69,793 738 632 216 71,378 73,481 7,300 66,181

 20,129 0 604 0 1 0 605 237 125 21,096 149 138 44 21,427 23,476 3,347 20,129

 6,276 0 479 0 1 0 480 563 65 7,384 174 135 0 7,692 8,951 2,675 6,276

 17,347 0 508 0 1 2 511 425 115 18,398 188 179 43 18,808 20,834 3,487 17,347

 12,309 0 606 0 1 4 610 386 96 13,401 162 188 23 13,774 32,362 20,052 12,309

 46,889 0 1,176 0 3 6 1,185 2,241 271 50,586 820 792 141 52,340 70,904 24,015 46,889