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
                                                                                              July 12, 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     Jul 11, 2001  Jul 4, 2001 Jul 12, 2000 Jul 11, 2001

Reserve Bank Credit                                         591,218    -   2,993    +  30,705      597,285
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    532,767    -   1,279    +  26,965      532,818
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     130           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      20,694    -   1,492    +   1,715       27,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           150    +     123    -      25           27
    Seasonal credit                                             161    +      13    -     323          162
    Extended credit                                               0            0            0            0
   Float                                                        856    -     343    +     492         -300
   Other F.R. assets                                         36,580    -      15    +   2,012       37,068
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,557    +      14    +   2,422       32,557
        Total factors supplying reserve funds               637,019    -   2,979    +  31,125      643,086
                                                                   
Currency in circulation*                                    601,361    +   3,101    +  27,956      601,887
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         439    -       1    +     372          413
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,796    -   1,648    -     185        5,444
  Foreign                                                        77    -      45    -      18           81
  Service-related balances and adjustments (5)                7,284    -     287    +     397        7,284
  Other                                                         283    -       2    +      47          259
Other F.R. liabilities and capital                           17,581    -     144    +   1,770       17,786
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             631,821    +     974    +  30,338      633,154

Reserve balances with F.R. Banks  (6)                         5,198    -   3,954    +     786        9,932
                                                                
On      July 11, 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 $    709,356 million, a change of $  +     778 million for the week. The total includes
$    578,837 million of U.S. government securities and $    130,518 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 $     18,327 million (daily average over statement week) and $     18,725 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,327 million (daily average)
   and $     18,725 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      4,064 million (daily average) and $      3,623 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 
   $        850 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 $      6,839 million and adjustments of $        445 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
                                                           Jul 11, 2001      Jul 4, 2001     Jul 12, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,063        -      29        +     403
Loans                                                              189        +      32        -     572
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,500        +   7,150        +   7,480
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       179,604        -   1,124        -  14,242
                   Notes (3)                                   252,565        +     137        +  26,183
                   Bonds (4)                                   100,648        +     850        +  14,133
    Total bought outright (5)                                  532,818        -     136        +  26,075
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          532,818        -     136        +  26,075
       Total loans and securities                              560,517        +   7,046        +  32,853
                          
Items in process of collection                      (795)        8,027        -   5,567        +      27
Bank premises                                                    1,512        +       2        +     101
Other assets (6)                                                35,398        +     750        +   1,941
                TOTAL ASSETS                        (795)      619,761        +   2,202        +  33,323
                          
                LIABILITIES
Federal Reserve notes                                          570,805        +     305        +  27,200
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       17,893        +   5,071        +   3,027
  U.S. Treasury--general account                                 5,444        -     240        +     424
  Foreign--official accounts                                        81        +       2        -      12
    Other                                             (0)          259        -      43        -       6
      Total deposits                                  (0)       23,677        +   4,791        +   3,433
Deferred availability cash items                    (795)        7,493        -   2,933        +     198
Other liabilities and accrued dividends (7)                      3,071                0        -   1,687
                TOTAL LIABILITIES                   (795)      605,046        +   2,164        +  29,143
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,143                0        +     273
Surplus                                                          6,677        +      79        +   3,998
Other capital accounts                                             894        -      42        -      92

*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 $      5,739 million of inflation-indexed securities valued at the original face amount and 
   $        545 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 
   $        304 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,725 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,623 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,      July 11, 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              50       14,493   +   3,500            0           0       23,500           0
16 to 90 days              140      119,377   -   5,453            0           0        4,000           0
91 days to 1 year            0      124,865   +     829            0           0     ------      ------
Over 1 to 5 years                   139,333   +       2           10           0     ------      ------
Over 5 to 10 years                   57,666   +     136            0           0     ------      ------
Over 10 years                        77,084   +     850            0           0     ------      ------
                   		 	
Total                      189      532,818   -     136           10           0       27,500           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        850 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      July 11, 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                      11,044        546      4,450        454        538        741        871      1,028        343        143        317        477      1,136
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,063         73         57         58         67        175        110        128         61         38         66        108        123
                       
Loans                                            189          2         22          0          2          0          7         39          9         75         23          8          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,500          0     27,500          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                     179,604     10,791     73,572      7,377     10,515     10,730     12,350     20,342      6,474        560      5,544      3,256     18,095
                   Notes (3)                 252,565     15,175    103,459     10,374     14,786     15,088     17,367     28,605      9,103        788      7,795      4,579     25,445
                   Bonds (4)                 100,648      6,047     41,229      4,134      5,892      6,013      6,921     11,399      3,628        314      3,107      1,825     10,140
     Total bought outright(5)                532,818     32,013    218,260     21,885     31,194     31,831     36,638     60,346     19,204      1,662     16,446      9,659     53,680
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             532,818     32,013    218,260     21,885     31,194     31,831     36,638     60,346     19,204      1,662     16,446      9,659     53,680
       Total loans and securities            560,517     32,015    245,786     21,885     31,196     31,831     36,646     60,386     19,214      1,737     16,469      9,667     53,685
                       
Items in process of collection                 8,822        660      1,039        417        329        623        941        636        423        626        498        531      2,097
Bank premises                                  1,512         93        168         50        153        131        291        106         38        124         49        137        172
Other assets(5)                               35,398      1,849     12,829      1,294      2,091      4,771      2,326      3,351        954        661        963        792      3,519
Interdistrict settlement account                   0    +    65    - 9,131    -   415    -   967    + 9,101    -   327    + 2,062    -   359    + 4,731    -   618    + 1,524    - 5,666
          TOTAL ASSETS                       620,556     35,416    256,071     23,825     33,511     47,520     41,024     67,909     20,744      8,090     17,809     13,336     55,299

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  $        545 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  $        304 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,725 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,623 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      July 11, 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                         570,805     31,903    241,886     22,146     30,753     41,838     37,618     62,091     19,403      6,355     16,308     11,888     48,616
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      17,893      1,791      3,339        625      1,266      1,418      1,221      3,217        578        688        611        673      2,466
  U.S. Treasury--general account                5,444          0      5,444          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       81          2         57          1          2          7          2          3          1          1          1          1          3
  Other                                           259          2        138          0          4        106          1          1          0          1          1          1          3
    Total deposits                             23,677      1,795      8,978        626      1,272      1,531      1,224      3,221        579        690        613        675      2,472
Deferred credit items                           8,287        649        948        443        380        581        819        740        313        515        357        318      2,224
Other liabilities and accrued                 
  dividends (2)                                 3,071        191      1,045        140        180        236        253        328        130         63        120        100        285
    TOTAL LIABILITIES                         605,841     34,538    252,857     23,356     32,586     44,187     39,914     66,379     20,426      7,622     17,399     12,981     53,597
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,143        417      1,466        221        404      1,700        528        725        148        375        194        152        813
Surplus                                         6,677        358      1,468        228        472      1,634        495        632        138         93        179        188        792
Other capital accounts                            894        103        281         20         49          0         86        174         33          0         38         14         96
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              620,556     35,416    256,071     23,825     33,511     47,520     41,024     67,909     20,744      8,090     17,809     13,336     55,299
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        735,520     35,833    293,254     29,971     35,689     54,495     59,682     70,161     22,490      9,132     20,300     31,755     72,760
  Less--Held by F.R. Banks                    164,714      3,930     51,368      7,825      4,935     12,656     22,064      8,070      3,087      2,777      3,991     19,866     24,144
  F.R. notes, net                             570,805     31,903    241,886     22,146     30,753     41,838     37,618     62,091     19,403      6,355     16,308     11,888     48,616
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        557,562
     Total collateral                         570,805

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.