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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
                                                                                          February 15, 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     Feb 14, 2001  Feb 7, 2001 Feb 16, 2000 Feb 14, 2001

Reserve Bank Credit                                         572,674    +     590    +  14,988      574,292
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    515,909    +     330    +  13,439      514,561
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             110    -      11    -      40          110
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      17,757    -   1,164    -   2,069       17,510
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            24    +      18    -       3           11
    Seasonal credit                                              23    +       4    -      21           24
    Extended credit                                               0            0            0            0
   Float                                                      1,570    +     946    +     903        4,491
   Other F.R. assets                                         37,280    +     465    +   2,797       37,585
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                31,727    +      14    +   3,204       31,727
        Total factors supplying reserve funds               617,646    +     603    +  14,189      619,264
                                                                   
Currency in circulation*                                    581,606    +   1,836    +  15,689      583,268
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         485    +       7    +     339          489
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,023    +     174    -     283        6,713
  Foreign                                                        79    -      10    -       9           72
  Service-related balances and adjustments (5)                6,534    +      87    -   1,359        6,534
  Other                                                         323    -      16    +      86          286
Other F.R. liabilities and capital                           18,232    +     200    -     563       17,921
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             612,283    +   2,277    +  13,901      615,283

Reserve balances with F.R. Banks  (6)                         5,363    -   1,674    +     287        3,981
                                                                
On  February 14, 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 $    704,959 million, a change of $  +   3,191 million for the week. The total includes
$    594,797 million of U.S. government securities and $    110,162 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 $     17,362 million (daily average over statement week) and $     19,936 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     15,597 million (daily average)
   and $     15,181 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,162 million (daily average) and $      3,739 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 
   $        554 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 $      6,076 million and adjustments of $        458 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
                                                           Feb 14, 2001      Feb 7, 2001     Feb 16, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                             1,120        +      25        +     712
Loans                                                               35        +       4        -      51
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           17,510        -   6,475        -   3,995
Federal agency obligations (2)          
  Bought outright                                                  110                0        -      40
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       179,718        -   3,699        -  19,883
                   Notes (3)                                   240,940        +   1,216        +  23,097
                   Bonds (4)                                    93,904        +     559        +   8,650
    Total bought outright (5)                                  514,561        -   1,925        +  11,862
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          514,561        -   1,925        +  11,862
       Total loans and securities                              532,216        -   8,395        +   7,776
                          
Items in process of collection                      (761)       13,497        +   3,227        +   5,532
Bank premises                                                    1,469        +       1        +      94
Other assets (6)                                                36,171        +     554        +   5,183
                TOTAL ASSETS                        (761)      597,719        -   4,589        +  15,296
                          
                LIABILITIES
Federal Reserve notes                                          553,151        +   1,385        +  14,347
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,925        -   8,022        -     568
  U.S. Treasury--general account                                 6,713        +   2,808        +   1,938
  Foreign--official accounts                                        72        -      24        -      36
    Other                                             (0)          286        -      49        +      30
      Total deposits                                  (0)       18,996        -   5,287        +   1,364
Deferred availability cash items                    (761)        7,651        -     702        +     212
Other liabilities and accrued dividends (7)                      3,980        -      16        -     736
                TOTAL LIABILITIES                   (761)      583,778        -   4,619        +  15,187
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,012        -       4        +     334
Surplus                                                          6,333        +      34        -      71
Other capital accounts                                             595                0        -     156

*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 
   $        431 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 
   $        123 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,936 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,739 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,  February 14, 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              35       22,050   +   4,328            0           0       11,490           0
16 to 90 days                0      112,965   -   2,124            0           0        6,020           0
91 days to 1 year            0      120,844   -   4,780            0           0     ------      ------
Over 1 to 5 years                   130,246   +     158          110           0     ------      ------
Over 5 to 10 years                   56,749   -       1            0           0     ------      ------
Over 10 years                        71,707   +     495            0           0     ------      ------
                   		 	
Total                       35      514,561   -   1,925          110           0       17,510           0

1  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        554 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  February 14, 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                                           1,120         61         76         62         75        140        114        140         62         45         79        111        155
                       
Loans                                             35          3          0          4          0          0          0         10          3          5          1          1          9
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          17,510          0     17,510          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                110          6         42          5          6          6          7         13          4          0          4          3         12
  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                     179,718     10,317     69,371      7,485     10,057     10,550     11,962     21,497      6,827        757      5,989      5,317     19,587
                   Notes (3)                 240,940     13,832     93,003     10,035     13,483     14,144     16,038     28,820      9,153      1,014      8,029      7,129     26,260
                   Bonds (4)                  93,904      5,391     36,247      3,911      5,255      5,512      6,250     11,232      3,567        395      3,129      2,778     10,235
     Total bought outright(5)                514,561     29,540    198,622     21,432     28,795     30,206     34,250     61,549     19,547      2,166     17,148     15,225     56,082
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             514,561     29,540    198,622     21,432     28,795     30,206     34,250     61,549     19,547      2,166     17,148     15,225     56,082
       Total loans and securities            532,216     29,549    216,174     21,440     28,802     30,212     34,258     61,572     19,554      2,172     17,152     15,229     56,103
                       
Items in process of collection                14,258        663      1,141        551        412        957      2,780      1,888        801        837        734        689      2,804
Bank premises                                  1,469         94        167         51        154        128        257        104         35        125         49        138        168
Other assets(5)                               36,171      1,847     12,443      1,305      2,115      4,998      2,362      3,552      1,012        721      1,032      1,015      3,767
Interdistrict settlement account                   0    + 1,356    +18,167    +     7    + 1,453    + 2,250    -   687    - 3,098    - 1,766    +    73    - 1,736    - 7,795    - 8,221
          TOTAL ASSETS                       598,480     34,220    253,469     23,913     33,635     39,582     40,051     65,434     20,128      4,160     17,717      9,999     56,172

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  $        431 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  $        123 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,936 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,739 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  February 14, 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                         553,151     32,117    239,085     22,391     30,762     34,781     36,949     60,244     18,996      2,339     16,269      8,734     50,484
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,925        472      1,995        440      1,363        803        805      2,591        357        779        520        473      1,328
  U.S. Treasury--general account                6,713          0      6,713          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       72          2         48          1          2          7          2          3          1          1          1          1          3
  Other                                           286          0        140          0          2        125          1          1          5          0          7          1          3
    Total deposits                             18,996        474      8,897        442      1,367        935        808      2,595        362        780        528        474      1,334
Deferred credit items                           8,412        619        951        419        315        650        962        751        302        471        381        288      2,303
Other liabilities and accrued                 
  dividends (2)                                 3,980        237      1,339        181        227        286        312        450        168         66        160        148        407
    TOTAL LIABILITIES                         584,539     33,447    250,272     23,433     32,671     36,651     39,031     64,040     19,829      3,656     17,338      9,643     54,527
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,012        369      1,468        228        457      1,680        488        688        138        372        180        150        793
Surplus                                         6,333        358      1,468        228        472      1,250        495        632        138        132        179        188        792
Other capital accounts                            595         45        262         24         35          0         37         74         22          0         20         17         59
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              598,480     34,220    253,469     23,913     33,635     39,582     40,051     65,434     20,128      4,160     17,717      9,999     56,172
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        745,878     37,123    298,869     31,339     36,546     51,155     59,584     70,663     22,877      9,410     21,435     31,724     75,152
  Less--Held by F.R. Banks                    192,727      5,006     59,784      8,948      5,784     16,374     22,634     10,420      3,881      7,072      5,166     22,990     24,668
  F.R. notes, net                             553,151     32,117    239,085     22,391     30,762     34,781     36,949     60,244     18,996      2,339     16,269      8,734     50,484
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        7,724
   U.S. govt. and agency securities(3)        532,181
     Total collateral                         553,151

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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