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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
                                                                                               May 10, 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      May 9, 2001  May 2, 2001 May 10, 2000  May 9, 2001

Reserve Bank Credit                                         580,014    -   6,373    +  19,425      580,298
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    524,714    -   2,322    +  16,969      526,442
    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)                      17,433    -   5,010    +     340       15,007
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             8    -       2    -      55           12
    Seasonal credit                                              69    +      28    -     147           83
    Extended credit                                               0            0            0            0
   Float                                                        266    +     668    -     321          987
   Other F.R. assets                                         37,514    +     266    +   2,768       37,758
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   3,000        2,200
Treasury currency outstanding                                32,084    +      14    +   2,524       32,084
        Total factors supplying reserve funds               625,345    -   6,358    +  18,948      625,629
                                                                   
Currency in circulation*                                    589,356    +   1,334    +  24,273      590,968
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         518    +       2    +     313          518
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,053    -   1,680    -   4,015        4,427
  Foreign                                                        75    -      11    -      11           89
  Service-related balances and adjustments (5)                6,879    -     362    -      88        6,879
  Other                                                         365    +       8    +     104          355
Other F.R. liabilities and capital                           18,034    +      51    -      82       17,685
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             620,281    -     657    +  20,495      620,921

Reserve balances with F.R. Banks  (6)                         5,064    -   5,701    -   1,547        4,708
                                                                
On        May 9, 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 $    705,794 million, a change of $  -   4,215 million for the week. The total includes
$    577,561 million of U.S. government securities and $    128,234 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 $     18,066 million (daily average over statement week) and $     17,462 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,745 million (daily average)
   and $     17,462 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,346 million (daily average) and $      2,325 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      8,301 million of inflation-indexed securities valued at the original face amount and 
   $        708 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 $      6,558 million and adjustments of $        321 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
                                                            May 9, 2001      May 2, 2001     May 10, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   3,000
Coin                                                             1,110        -       7        +     538
Loans                                                               95        +      32        -     185
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           15,007        -  14,250        +     832
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       178,908        -   2,608        -  22,745
                   Notes (3)                                   249,369        +   1,402        +  28,331
                   Bonds (4)                                    98,165        +   1,005        +  12,397
    Total bought outright (5)                                  526,442        -     201        +  17,983
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          526,442        -     201        +  17,983
       Total loans and securities                              541,554        -  14,419        +  18,501
                          
Items in process of collection                      (978)        8,911        -     601        +     529
Bank premises                                                    1,499        +       1        +     105
Other assets (6)                                                36,055        +     553        +   2,633
                TOTAL ASSETS                        (978)      602,375        -  14,472        +  19,303
                          
                LIABILITIES
Federal Reserve notes                                          560,512        +   1,097        +  22,852
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,240        -  12,770        -   1,623
  U.S. Treasury--general account                                 4,427        -   1,287        -   5,342
  Foreign--official accounts                                        89        -      26        +      17
    Other                                             (0)          355        -      14        +      92
      Total deposits                                  (0)       16,110        -  14,098        -   6,857
Deferred availability cash items                    (978)        8,067        -   1,365        +     608
Other liabilities and accrued dividends (7)                      3,461        -      49        -   1,352
                TOTAL LIABILITIES                   (978)      588,151        -  14,414        +  15,252
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,045        +       2        +     280
Surplus                                                          6,479        +      34        +   3,913
Other capital accounts                                             701        -      93        -     141

*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 
   $        497 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      2,687 million of inflation-indexed securities valued at the original face amount and 
   $        211 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,462 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,325 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,        May 9, 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              27       21,156   -     394            0           0        9,002           0
16 to 90 days               69      116,387   -     250            0           0        6,005           0
91 days to 1 year            0      121,476   -     540            0           0     ------      ------
Over 1 to 5 years                   135,551           0           10           0     ------      ------
Over 5 to 10 years                   56,340   +       2            0           0     ------      ------
Over 10 years                        75,531   +     979            0           0     ------      ------
                   		 	
Total                       95      526,442   -     201           10           0       15,007           0

1  Includes $      8,301 million of inflation-indexed securities valued at the original face amount and 
   $        708 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        May 9, 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                                           1,110         80         76         64         67        169         93        141         65         46         74        103        132
                       
Loans                                             95          2          0          0          0         11          0         17         16         28         14          0          6
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          15,007          0     15,007          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                     178,908     10,749     73,286      7,348     10,474     10,688     12,302     20,263      6,448        558      5,522      3,243     18,025
                   Notes (3)                 249,369     14,983    102,150     10,243     14,599     14,897     17,147     28,243      8,988        778      7,697      4,521     25,123
                   Bonds (4)                  98,165      5,898     40,212      4,032      5,747      5,864      6,750     11,118      3,538        306      3,030      1,780      9,890
     Total bought outright(5)                526,442     31,630    215,648     21,623     30,820     31,450     36,200     59,624     18,975      1,642     16,249      9,543     53,038
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             526,442     31,630    215,648     21,623     30,820     31,450     36,200     59,624     18,975      1,642     16,249      9,543     53,038
       Total loans and securities            541,554     31,633    230,659     21,624     30,821     31,461     36,200     59,642     18,991      1,671     16,263      9,544     53,044
                       
Items in process of collection                 9,889        757      1,164        487        505        688        836        776        539        588        573        465      2,510
Bank premises                                  1,499         93        167         50        154        130        281        105         37        125         49        137        170
Other assets(5)                               36,055      1,888     13,005      1,294      2,142      4,863      2,382      3,433        981        675        984        807      3,601
Interdistrict settlement account                   0    -   156    +   435    -   200    - 1,411    + 7,281    - 2,032    -   239    - 1,050    + 3,272    -   469    -   525    - 4,906
          TOTAL ASSETS                       603,353     34,956    250,832     23,856     32,920     45,481     38,799     65,098     19,977      6,549     17,857     11,106     55,921

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  $        497 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      2,687 million of inflation-indexed securities valued at the original face amount and  $        211 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,462 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,325 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        May 9, 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                         560,512     32,622    239,196     22,063     30,455     39,874     35,553     60,940     18,895      5,193     16,228      9,721     49,772
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,240        539      1,620        617        864      1,393      1,033      1,660        333        273        707        599      1,602
  U.S. Treasury--general account                4,427          0      4,427          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       89          2         65          1          2          7          2          3          1          1          1          1          3
  Other                                           355          2        138          1          0        168          1          2          0          0          9          1         33
    Total deposits                             16,110        543      6,249        619        867      1,568      1,036      1,665        334        274        716        601      1,638
Deferred credit items                           9,045        708      1,027        537        456        655        901        669        277        542        395        330      2,547
Other liabilities and accrued                 
  dividends (2)                                 3,461        214      1,180        155        204        278        280        372        143         69        133        105        328
    TOTAL LIABILITIES                         589,128     34,087    247,653     23,375     31,981     42,376     37,771     63,646     19,649      6,078     17,472     10,757     54,284
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,045        417      1,450        229        432      1,681        496        690        159        367        184        152        788
Surplus                                         6,479        358      1,468        228        472      1,425        495        632        138        104        179        188        792
Other capital accounts                            701         94        261         25         35          0         37        130         31          0         22          9         57
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              603,353     34,956    250,832     23,856     32,920     45,481     38,799     65,098     19,977      6,549     17,857     11,106     55,921
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        739,143     36,836    295,947     30,416     35,656     53,695     58,513     70,092     22,620      9,280     20,814     31,756     73,519
  Less--Held by F.R. Banks                    178,631      4,214     56,750      8,353      5,201     13,821     22,960      9,152      3,725      4,088      4,586     22,036     23,747
  F.R. notes, net                             560,512     32,622    239,196     22,063     30,455     39,874     35,553     60,940     18,895      5,193     16,228      9,721     49,772
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        5,808
   U.S. govt. and agency securities(3)        541,459
     Total collateral                         560,512

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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