---

`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
                                                                                             April 26, 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     Apr 25, 2001 Apr 18, 2001 Apr 26, 2000 Apr 25, 2001

Reserve Bank Credit                                         579,177    -   2,449    +  15,190      580,462
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    525,432    +   3,058    +  18,041      527,300
    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)                      17,183    -   5,037    -   3,294       16,507
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            29    +      25    -      52           32
    Seasonal credit                                              36    -       4    -      97           34
    Extended credit                                               0            0            0            0
   Float                                                       -414    -   1,030    -   1,004         -608
   Other F.R. assets                                         36,900    +     538    +   1,724       37,188
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   3,000        2,200
Treasury currency outstanding                                32,056    +      14    +   2,748       32,056
        Total factors supplying reserve funds               624,479    -   2,436    +  14,935      625,765
                                                                   
Currency in circulation*                                    587,675    -     884    +  23,143      588,505
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         512    +       9    +     311          516
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,894    +   1,403    -   5,523        7,483
  Foreign                                                       119    +      40    +      29          121
  Service-related balances and adjustments (5)                7,032    +     247    +     230        7,032
  Other                                                         347    +       5    +      50          330
Other F.R. liabilities and capital                           17,971    +      18    -   1,270       17,660
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             620,550    +     839    +  16,971      621,646

Reserve balances with F.R. Banks  (6)                         3,929    -   3,274    -   2,035        4,118
                                                                
On     April 25, 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 $    711,665 million, a change of $  -   2,202 million for the week. The total includes
$    584,877 million of U.S. government securities and $    126,788 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 $     17,638 million (daily average over statement week) and $     17,309 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,352 million (daily average)
   and $     17,309 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        926 million (daily average) and $      2,268 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      7,830 million of inflation-indexed securities valued at the original face amount and 
   $        659 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 $      6,448 million and adjustments of $        583 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
                                                           Apr 25, 2001     Apr 18, 2001     Apr 26, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   3,000
Coin                                                             1,121        -      16        +     583
Loans                                                               66        +      18        -     219
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           16,507        -  12,757        -  23,273
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,923        -     114        -  19,068
                   Notes (3)                                   248,286        +   2,082        +  27,263
                   Bonds (4)                                    97,091        +     138        +  11,329
    Total bought outright (5)                                  527,300        +   2,105        +  19,524
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          527,300        +   2,105        +  19,524
       Total loans and securities                              543,882        -  10,635        -   4,099
                          
Items in process of collection                    (1,085)        8,018        -   1,246        +     140
Bank premises                                                    1,491        +       1        +     103
Other assets (6)                                                35,492        +     560        +   1,386
                TOTAL ASSETS                      (1,085)      603,250        -  11,337        -   4,889
                          
                LIABILITIES
Federal Reserve notes                                          558,086        -   1,009        +  21,136
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,132        -  10,624        -   3,913
  U.S. Treasury--general account                                 7,483        +     730        -  21,961
  Foreign--official accounts                                       121        +      14        +      42
    Other                                             (0)          330        -       5        +      54
      Total deposits                                  (0)       19,066        -   9,885        -  25,778
Deferred availability cash items                  (1,085)        8,438        -     426        +     999
Other liabilities and accrued dividends (7)                      3,524        -      59        -   1,302
                TOTAL LIABILITIES                 (1,085)      589,115        -  11,377        -   4,944
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,050        +       4        +     299
Surplus                                                          6,375        +      43        -      56
Other capital accounts                                             711        -       5        -     187

*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 $      5,614 million of inflation-indexed securities valued at the original face amount and 
   $        488 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      2,216 million of inflation-indexed securities valued at the original face amount and 
   $        171 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,309 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,     April 25, 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              63       30,649   +   9,517            0           0       12,505           0
16 to 90 days                3      107,022   -   9,106            0           0        4,002           0
91 days to 1 year            0      122,317   +     896            0           0     ------      ------
Over 1 to 5 years                   136,449   +      95           10           0     ------      ------
Over 5 to 10 years                   56,313   +     701            0           0     ------      ------
Over 10 years                        74,550   +       3            0           0     ------      ------
                   		 	
Total                       66      527,300   +   2,105           10           0       16,507           0

1  Includes $      7,830 million of inflation-indexed securities valued at the original face amount and 
   $        659 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     April 25, 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        546      4,452        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                                           1,121         76         82         68         69        163         89        145         67         47         73        104        139
                       
Loans                                             66          0          0          0          0          0         22         17          6         16          4          0          2
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          16,507          0     16,507          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                     181,923     10,930     74,522      7,472     10,651     10,868     12,510     20,604      6,557        568      5,615      3,298     18,328
                   Notes (3)                 248,286     14,918    101,706     10,198     14,536     14,833     17,073     28,120      8,949        775      7,663      4,501     25,014
                   Bonds (4)                  97,091      5,833     39,771      3,988      5,684      5,800      6,676     10,996      3,499        303      2,997      1,760      9,782
     Total bought outright(5)                527,300     31,681    215,999     21,658     30,871     31,501     36,259     59,721     19,006      1,645     16,275      9,559     53,124
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             527,300     31,681    215,999     21,658     30,871     31,501     36,259     59,721     19,006      1,645     16,275      9,559     53,124
       Total loans and securities            543,882     31,682    232,510     21,659     30,871     31,502     36,281     59,739     19,011      1,661     16,279      9,559     53,127
                       
Items in process of collection                 9,103        602      1,018        548        359        486        849        672        337        467        446        404      2,915
Bank premises                                  1,491         94        168         50        154        130        273        104         37        125         49        138        170
Other assets(5)                               35,492      1,858     12,824      1,273      2,104      4,796      2,340      3,373        962        663        965        793      3,541
Interdistrict settlement account                   0    +   242    + 1,745    -   448    - 1,388    + 6,345    - 2,925    +   600    -   905    + 3,134    -   365    -   824    - 5,209
          TOTAL ASSETS                       604,336     35,214    253,672     23,686     32,811     44,310     37,945     65,874     19,923      6,269     17,831     10,749     56,052

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 $      5,614 million of inflation-indexed securities valued at the original face amount and  $        488 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      2,216 million of inflation-indexed securities valued at the original face amount and  $        171 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,309 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     April 25, 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                         558,086     32,823    239,124     22,027     30,524     38,675     34,926     61,297     18,800      4,935     16,192      9,152     49,611
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,132        666      1,437        469        761      1,507        780      2,106        361        270        618        540      1,617
  U.S. Treasury--general account                7,483          0      7,483          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      121          2         97          1          2          7          2          3          1          1          1          1          3
  Other                                           330          2        133          1          2        176          3          2          0          0          7          1          2
    Total deposits                             19,066        670      9,150        471        765      1,690        786      2,111        362        272        626        542      1,623
Deferred credit items                           9,524        629      1,011        548        377        658        917        628        294        526        496        603      2,836
Other liabilities and accrued                 
  dividends (2)                                 3,524        225      1,205        157        206        277        286        376        146         69        135        107        334
    TOTAL LIABILITIES                         590,200     34,347    250,491     23,203     31,872     41,299     36,915     64,411     19,601      5,803     17,449     10,405     54,403
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,050        416      1,450        229        432      1,681        495        698        149        371        183        150        795
Surplus                                         6,375        358      1,468        228        472      1,330        495        632        138         95        179        188        792
Other capital accounts                            711         92        263         26         35          0         40        133         34          0         19          6         62
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              604,336     35,214    253,672     23,686     32,811     44,310     37,945     65,874     19,923      6,269     17,831     10,749     56,052
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        740,132     37,021    296,803     30,556     35,938     53,033     58,138     70,595     22,778      9,296     20,987     31,529     73,457
  Less--Held by F.R. Banks                    182,046      4,197     57,679      8,529      5,415     14,358     23,212      9,298      3,978      4,361      4,794     22,377     23,846
  F.R. notes, net                             558,086     32,823    239,124     22,027     30,524     38,675     34,926     61,297     18,800      4,935     16,192      9,152     49,611
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        1,023
   U.S. govt. and agency securities(3)        543,817
     Total collateral                         558,086

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.`

---