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`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
                                                                                             August 2, 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      Aug 1, 2001 Jul 25, 2001  Aug 2, 2000  Aug 1, 2001

Reserve Bank Credit                                         596,369    +     563    +  37,525      600,366
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    536,073    +     251    +  29,625      536,100
    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)                      22,314    +     471    +   7,559       27,150
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             6    -     150    -      32            5
    Seasonal credit                                             196    +       3    -     373          187
    Extended credit                                               0            0            0            0
   Float                                                       -178    -     273    -   1,508         -782
   Other F.R. assets                                         37,949    +     261    +   2,384       37,697
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,674    +      14    +   2,391       32,674
        Total factors supplying reserve funds               642,287    +     577    +  37,913      646,284
                                                                   
Currency in circulation*                                    602,440    +   1,907    +  33,544      604,886
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         418    +      11    +     299          415
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,231    +     308    +     125        4,148
  Foreign                                                        79    -      28    -      11           72
  Service-related balances and adjustments (5)                7,364    -     134    +     811        7,364
  Other                                                         306    +       3    +      71          330
Other F.R. liabilities and capital                           18,057    +       1    +   2,608       17,635
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             633,894    +   2,067    +  37,444      634,849

Reserve balances with F.R. Banks  (6)                         8,393    -   1,490    +     469       11,435
                                                                
On     August 1, 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 $    708,559 million, a change of $  +   2,172 million for the week. The total includes
$    575,758 million of U.S. government securities and $    132,801 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 $     18,671 million (daily average over statement week) and $     18,194 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,671 million (daily average)
   and $     18,194 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,291 million (daily average) and $      3,036 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 $      7,073 million and adjustments of $        290 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
                                                            Aug 1, 2001     Jul 25, 2001      Aug 2, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,110        +      18        +     365
Loans                                                              192        -      20        -     414
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,150        -   7,900        +  15,160
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       180,705        +     427        -  10,206
                   Notes (3)                                   254,628        -     734        +  25,904
                   Bonds (4)                                   100,768        +      16        +  12,881
    Total bought outright (5)                                  536,100        -     292        +  28,578
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          536,100        -     292        +  28,578
       Total loans and securities                              563,452        -   8,212        +  43,195
                          
Items in process of collection                    (1,169)        8,360        +   1,200        -   1,108
Bank premises                                                    1,505        -       9        +      87
Other assets (6)                                                36,035        -     265        +   2,227
                TOTAL ASSETS                      (1,169)      623,706        -   7,267        +  42,764
                          
                LIABILITIES
Federal Reserve notes                                          573,736        +   2,928        +  32,827
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,347        -  10,771        +   7,266
  U.S. Treasury--general account                                 4,148        -     569        -     566
  Foreign--official accounts                                        72        -       7        -       2
    Other                                             (0)          330        +      39        +      67
      Total deposits                                  (0)       23,897        -  11,307        +   6,765
Deferred availability cash items                  (1,169)        8,438        +   1,332        +     390
Other liabilities and accrued dividends (7)                      3,055        -      13        -   1,731
                TOTAL LIABILITIES                 (1,169)      609,126        -   7,060        +  38,252
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,165        +      12        +     283
Surplus                                                          6,725        -       4        +   4,110
Other capital accounts                                             690        -     215        +     120

*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 
   $        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 $     18,194 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,036 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,     August 1, 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              23       16,958   -   4,124            0           0       21,150           0
16 to 90 days              169      108,398   -   3,016            0           0        6,000           0
91 days to 1 year            0      135,091   +   6,946            0           0     ------      ------
Over 1 to 5 years                   144,732   -     117           10           0     ------      ------
Over 5 to 10 years                   53,825   +      16            0           0     ------      ------
Over 10 years                        77,096   +       4            0           0     ------      ------
                   		 	
Total                      192      536,100   -     292           10           0       27,150           0

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.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON     August 1, 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                                           1,110         69         58         60         71        183        126        134         61         35         70        111        130
                       
Loans                                            192          0          2          0          0          2          7         50         13         77         32          6          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,150          0     27,150          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                     180,705     10,857     74,023      7,422     10,579     10,795     12,426     20,466      6,513        564      5,577      3,276     18,206
                   Notes (3)                 254,628     15,299    104,304     10,459     14,907     15,212     17,509     28,839      9,178        794      7,859      4,616     25,653
                   Bonds (4)                 100,768      6,054     41,278      4,139      5,899      6,020      6,929     11,413      3,632        314      3,110      1,827     10,152
     Total bought outright(5)                536,100     32,210    219,604     22,020     31,386     32,027     36,864     60,718     19,323      1,673     16,547      9,719     54,011
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             536,100     32,210    219,604     22,020     31,386     32,027     36,864     60,718     19,323      1,673     16,547      9,719     54,011
       Total loans and securities            563,452     32,211    246,761     22,020     31,386     32,029     36,872     60,769     19,336      1,750     16,579      9,725     54,015
                       
Items in process of collection                 9,529        629      1,299        499        419        840        711        603        388        579        564        356      2,641
Bank premises                                  1,505         93        167         50        153        132        285        106         38        124         49        137        172
Other assets(5)                               36,035      1,879     13,084      1,284      2,131      4,842      2,381      3,419        976        666        980        805      3,587
Interdistrict settlement account                   0    -   449    - 5,542    - 1,073    - 1,927    + 9,515    + 1,181    + 2,460    -   584    + 4,342    - 1,043    + 1,594    - 8,476
          TOTAL ASSETS                       624,875     35,093    261,151     23,378     32,877     48,429     42,593     68,731     20,629      7,669     17,582     13,303     53,439

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 $     18,194 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,036 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     August 1, 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                         573,736     32,117    245,034     21,717     30,117     42,383     39,499     62,999     19,351      6,143     15,928     11,766     46,681
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,347      1,224      6,495        546      1,182      1,380        839      3,091        529        410        671        734      2,246
  U.S. Treasury--general account                4,148          0      4,148          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       72          2         49          1          2          7          2          3          1          1          1          1          3
  Other                                           330          8        131          1          1        171          1         12          1          1          2          1          2
    Total deposits                             23,897      1,234     10,822        548      1,185      1,558        842      3,106        530        412        673        736      2,251
Deferred credit items                           9,607        694      1,108        509        489        845        904        790        307        582        470        350      2,558
Other liabilities and accrued                 
  dividends (2)                                 3,055        188      1,037        138        179        238        256        331        128         62        122         97        280
    TOTAL LIABILITIES                         610,295     34,233    258,001     22,911     31,970     45,025     41,501     67,226     20,317      7,198     17,193     12,948     51,770
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,165        417      1,467        221        411      1,700        537        728        148        375        188        160        813
Surplus                                         6,725        358      1,468        228        472      1,679        495        632        138         96        179        188        792
Other capital accounts                            690         85        215         17         24         26         60        145         26          0         22          7         64
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              624,875     35,093    261,151     23,378     32,877     48,429     42,593     68,731     20,629      7,669     17,582     13,303     53,439
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        738,363     36,107    291,797     29,730     35,520     55,181     62,412     71,390     22,869      9,083     20,063     31,989     72,221
  Less--Held by F.R. Banks                    164,627      3,990     46,763      8,014      5,403     12,798     22,913      8,390      3,518      2,940      4,134     20,224     25,540
  F.R. notes, net                             573,736     32,117    245,034     21,717     30,117     42,383     39,499     62,999     19,351      6,143     15,928     11,766     46,681
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)        560,492
     Total collateral                         573,736

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.`

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