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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 23, 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 22, 2001 Aug 15, 2001 Aug 23, 2000 Aug 22, 2001

Reserve Bank Credit                                         601,174    +   2,568    +  43,245      611,085
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    540,821    +   1,275    +  31,054      540,778
    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)                      24,553    +   3,884    +  11,272       34,265
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            10    +       3    -       4           23
    Seasonal credit                                             164    -      21    -     401          147
    Extended credit                                               0            0            0            0
   Float                                                        -62    -      72    -   1,021          -91
   Other F.R. assets                                         35,677    -   2,503    +   2,473       35,954
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,768    +      14    +   2,297       32,768
        Total factors supplying reserve funds               647,186    +   2,583    +  43,540      657,096
                                                                   
Currency in circulation*                                    607,231    +     528    +  38,164      608,965
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         412    -       4    +     255          409
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,313    +     240    +     489        5,115
  Foreign                                                        72    -       6    -      29           75
  Service-related balances and adjustments (5)                7,486    +      33    +     665        7,486
  Other                                                         305    -       6    +      71          285
Other F.R. liabilities and capital                           18,463    +      86    +   3,229       17,924
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             639,283    +     871    +  42,845      640,258

Reserve balances with F.R. Banks  (6)                         7,902    +   1,711    +     694       16,838
                                                                
On    August 22, 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 $    719,086 million, a change of $  +   2,335 million for the week. The total includes
$    590,925 million of U.S. government securities and $    128,160 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 $     17,512 million (daily average over statement week) and $     17,667 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,512 million (daily average)
   and $     17,667 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,051 million (daily average) and $        890 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 
   $        892 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 $      7,142 million and adjustments of $        344 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 22, 2001     Aug 15, 2001     Aug 23, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,123        +      11        +     344
Loans                                                              169        -      23        -     418
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           34,265        +   6,920        +  15,935
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,986        -     357        -   4,223
                   Notes (3)                                   255,779        +   1,386        +  23,462
                   Bonds (4)                                   101,013        +       2        +  10,876
    Total bought outright (5)                                  540,778        +   1,032        +  30,114
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          540,778        +   1,032        +  30,114
       Total loans and securities                              575,222        +   7,929        +  45,502
                          
Items in process of collection                      (822)        6,841        -     455        -     136
Bank premises                                                    1,512        +       2        +      91
Other assets (6)                                                34,274        +     553        +   2,265
                TOTAL ASSETS                        (822)      632,216        +   8,042        +  46,063
                          
                LIABILITIES
Federal Reserve notes                                          577,729        +   1,002        +  37,671
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       24,059        +   6,622        +   5,060
  U.S. Treasury--general account                                 5,115        +   1,046        -      35
  Foreign--official accounts                                        75        +       4        +       4
    Other                                             (0)          285        -      37        +      82
      Total deposits                                  (0)       29,534        +   7,635        +   5,111
Deferred availability cash items                    (822)        7,029        -     280        +     304
Other liabilities and accrued dividends (7)                      3,068        +       6        -   1,261
                TOTAL LIABILITIES                   (822)      617,359        +   8,362        +  41,825
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,169        +       9        +     271
Surplus                                                          6,750        +       3        +   4,071
Other capital accounts                                             938        -     333        -     103

*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 
   $        572 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 
   $        320 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,667 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        890 million that are fully collateralized by other
   U.S. government securities.
6  Includes assets denominated in foreign currencies, revalued daily at market exchange rates.
7  Includes exchange-translation account reflecting the daily 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 22, 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             154       23,169   +   6,464            0           0       28,260           0
16 to 90 days               15      111,370   -   2,597            0           0        6,005           0
91 days to 1 year            0      132,549   -   2,839            0           0     ------      ------
Over 1 to 5 years                   141,175           0           10           0     ------      ------
Over 5 to 10 years                   54,874   +       2            0           0     ------      ------
Over 10 years                        77,641   +       2            0           0     ------      ------
                   		 	
Total                      169      540,778   +   1,032           10           0       34,265           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        892 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 22, 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                                           1,123         64         59         58         70        181        134        138         61         35         70        113        140
                       
Loans                                            169          0          0          1          0          0          7         38          8         64         19          4         29
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          34,265          0     34,265          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                     183,986     11,054     75,367      7,557     10,771     10,991     12,651     20,838      6,631        574      5,679      3,335     18,536
                   Notes (3)                 255,779     15,368    104,775     10,506     14,975     15,280     17,588     28,969      9,219        798      7,895      4,637     25,769
                   Bonds (4)                 101,013      6,069     41,378      4,149      5,914      6,035      6,946     11,441      3,641        315      3,118      1,831     10,177
     Total bought outright(5)                540,778     32,491    221,520     22,212     31,660     32,306     37,186     61,247     19,491      1,687     16,691      9,803     54,482
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             540,778     32,491    221,520     22,212     31,660     32,306     37,186     61,247     19,491      1,687     16,691      9,803     54,482
       Total loans and securities            575,222     32,492    255,790     22,213     31,660     32,307     37,193     61,287     19,500      1,752     16,710      9,807     54,512
                       
Items in process of collection                 7,663        537        818        382        367        507        560        524        269        581        460        315      2,342
Bank premises                                  1,512         93        169         50        153        132        285        107         40        124         49        137        173
Other assets(5)                               34,274      1,769     12,266      1,182      2,032      4,847      2,263      3,207        903        686        924        776      3,419
Interdistrict settlement account                   0    -   265    -10,414    - 1,124    - 1,909    +12,135    + 2,399    + 2,110    -   671    + 4,119    - 1,041    + 1,734    - 7,073
          TOTAL ASSETS                       633,038     35,350    264,011     23,297     33,015     50,997     43,872     68,614     20,517      7,469     17,557     13,457     54,881

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  $        572 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  $        320 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,667 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        890 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 22, 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                         577,729     31,638    247,494     21,848     29,731     42,894     40,364     63,678     19,264      6,056     16,095     11,970     46,696
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      24,059      2,138      6,070        431      1,557      3,657      1,407      2,481        620        496        577        697      3,930
  U.S. Treasury--general account                5,115          0      5,115          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          2         51          1          2          7          2          3          1          1          1          1          3
  Other                                           285          3        128          0          2        133          4          1          0          0          7          1          5
    Total deposits                             29,534      2,143     11,364        432      1,561      3,797      1,413      2,485        621        497        585        699      3,938
Deferred credit items                           7,851        513        926        406        372        603        728        593        184        556        364        326      2,278
Other liabilities and accrued                 
  dividends (2)                                 3,068        188      1,037        138        178        251        253        326        129         65        121         98        283
    TOTAL LIABILITIES                         618,181     34,482    260,820     22,824     31,842     47,545     42,758     67,082     20,198      7,174     17,165     13,093     53,196
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,169        417      1,467        221        603      1,701        537        736        149        174        188        162        814
Surplus                                         6,750        358      1,468        228        472      1,679        495        632        138        121        179        188        792
Other capital accounts                            938         93        257         24         98         72         82        164         32          0         25         13         80
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              633,038     35,350    264,011     23,297     33,015     50,997     43,872     68,614     20,517      7,469     17,557     13,457     54,881
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        738,738     36,008    290,393     29,463     35,592     55,498     63,551     71,974     22,874      9,057     20,066     32,329     71,934
  Less--Held by F.R. Banks                    161,010      4,371     42,899      7,615      5,860     12,604     23,188      8,296      3,610      3,000      3,970     20,359     25,238
  F.R. notes, net                             577,729     31,638    247,494     21,848     29,731     42,894     40,364     63,678     19,264      6,056     16,095     11,970     46,696
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)        564,485
     Total collateral                         577,729

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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