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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 16, 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 15, 2001  Aug 8, 2001 Aug 16, 2000 Aug 15, 2001

Reserve Bank Credit                                         598,605    +   1,098    +  40,455      602,852
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    539,546    +   2,847    +  28,793      539,746
    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)                      20,669    -   1,595    +   9,847       27,345
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             7    -      40    -       2            1
    Seasonal credit                                             185    +       6    -     354          191
    Extended credit                                               0            0            0            0
   Float                                                          9    -     268    -     890          159
   Other F.R. assets                                         38,180    +     148    +   3,192       35,400
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,754    +      14    +   2,322       32,754
        Total factors supplying reserve funds               644,603    +   1,113    +  40,776      648,849
                                                                   
Currency in circulation*                                    606,703    +   1,240    +  36,631      607,957
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         416    +       1    +     276          412
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,073    +     400    -     153        4,069
  Foreign                                                        78    -      28    -       2           71
  Service-related balances and adjustments (5)                7,453    -     149    +     629        7,453
  Other                                                         311    +       1    +      56          322
Other F.R. liabilities and capital                           18,377    +     344    +   3,131       18,240
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             638,412    +   1,810    +  40,568      638,523

Reserve balances with F.R. Banks  (6)                         6,190    -     699    +     206       10,326
                                                                
On    August 15, 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 $    716,751 million, a change of $  +   8,102 million for the week. The total includes
$    586,529 million of U.S. government securities and $    130,222 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 $     17,230 million (daily average over statement week) and $     17,059 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,230 million (daily average)
   and $     17,059 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,456 million (daily average) and $      3,381 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 
   $        888 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 $        312 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 15, 2001      Aug 8, 2001     Aug 16, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,112        -       3        +     357
Loans                                                              192        +      10        -     365
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,345        -   1,150        +  17,325
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       184,343        +   3,131        -   6,985
                   Notes (3)                                   254,393        -     237        +  22,629
                   Bonds (4)                                   101,011        +     242        +  11,080
    Total bought outright (5)                                  539,746        +   3,135        +  26,723
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          539,746        +   3,135        +  26,723
       Total loans and securities                              567,293        +   1,995        +  43,552
                          
Items in process of collection                      (873)        7,296        -     967        -     863
Bank premises                                                    1,510        +       3        +      89
Other assets (6)                                                33,721        -   2,836        +   2,138
                TOTAL ASSETS                        (873)      624,174        -   1,810        +  43,270
                          
                LIABILITIES
Federal Reserve notes                                          576,727        +     658        +  35,460
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       17,437        -   1,898        +   4,199
  U.S. Treasury--general account                                 4,069        -     733        +     126
  Foreign--official accounts                                        71        -       8        -      12
    Other                                             (0)          322        +      17        +      63
      Total deposits                                  (0)       21,899        -   2,621        +   4,375
Deferred availability cash items                    (873)        7,309        -     219        +     104
Other liabilities and accrued dividends (7)                      3,062        -       7        -   1,282
                TOTAL LIABILITIES                   (873)      608,997        -   2,189        +  38,656
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,160        -       8        +     256
Surplus                                                          6,747        +      18        +   4,068
Other capital accounts                                           1,271        +     369        +     290

*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 
   $        569 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 
   $        319 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,059 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,381 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 15, 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              32       16,705   -   1,113            0           0       21,345           0
16 to 90 days              159      113,967   +     774            0           0        6,000           0
91 days to 1 year            0      135,388   +   5,444            0           0     ------      ------
Over 1 to 5 years                   141,175   -   3,557           10           0     ------      ------
Over 5 to 10 years                   54,872   +   1,045            0           0     ------      ------
Over 10 years                        77,639   +     542            0           0     ------      ------
                   		 	
Total                      192      539,746   +   3,135           10           0       27,345           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        888 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 15, 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                                           1,112         66         57         58         71        180        130        137         60         36         70        113        134
                       
Loans                                            192          0          0          0          1          0          7         53         10         76         29          8          8
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,345          0     27,345          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                     184,343     11,076     75,513      7,572     10,792     11,013     12,676     20,878      6,644        575      5,690      3,342     18,572
                   Notes (3)                 254,393     15,284    104,208     10,449     14,893     15,198     17,493     28,812      9,169        794      7,852      4,612     25,629
                   Bonds (4)                 101,011      6,069     41,377      4,149      5,914      6,034      6,946     11,440      3,641        315      3,118      1,831     10,177
     Total bought outright(5)                539,746     32,429    221,098     22,169     31,599     32,245     37,115     61,131     19,454      1,684     16,659      9,785     54,378
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             539,746     32,429    221,098     22,169     31,599     32,245     37,115     61,131     19,454      1,684     16,659      9,785     54,378
       Total loans and securities            567,293     32,430    248,447     22,170     31,601     32,245     37,122     61,185     19,465      1,760     16,689      9,793     54,387
                       
Items in process of collection                 8,169        581        982        492        298        603        642        484        358        513        457        437      2,322
Bank premises                                  1,510         93        169         50        153        132        285        107         38        124         49        137        173
Other assets(5)                               33,721      1,736     12,054      1,160      2,000      4,803      2,223      3,148        886        680        907        765      3,359
Interdistrict settlement account                   0    - 1,182    - 7,167    -   713    - 1,979    +11,380    + 1,327    + 3,170    -   570    + 3,956    -   861    + 1,295    - 8,653
          TOTAL ASSETS                       625,048     34,384    259,864     23,753     32,786     50,230     42,766     69,472     20,651      7,242     17,694     13,113     53,091

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  $        569 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  $        319 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,059 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,381 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 15, 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                         576,727     31,876    247,225     21,867     29,861     42,804     39,689     63,689     19,329      6,059     16,085     11,671     46,572
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      17,437        826      3,101        804      1,306      2,851        905      3,211        619        315        692        638      2,171
  U.S. Treasury--general account                4,069          0      4,069          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       71          2         47          1          2          7          2          3          1          1          1          1          3
  Other                                           322          4        142          0          3        159          3          2          3          0          3          1          1
    Total deposits                             21,899        831      7,359        805      1,311      3,017        910      3,215        623        317        695        639      2,176
Deferred credit items                           8,183        601        957        453        297        625        767        675        243        511        388        335      2,328
Other liabilities and accrued                 
  dividends (2)                                 3,062        186      1,040        139        179        239        255        330        130         64        119        100        279
    TOTAL LIABILITIES                         609,870     33,494    256,582     23,264     31,649     46,686     41,621     67,910     20,325      6,951     17,287     12,745     51,355
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,160        417      1,467        222        603      1,701        537        729        149        173        188        162        813
Surplus                                         6,747        358      1,468        228        472      1,679        495        632        138        118        179        188        792
Other capital accounts                          1,271        115        349         39         62        164        113        201         39          0         40         18        131
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              625,048     34,384    259,864     23,753     32,786     50,230     42,766     69,472     20,651      7,242     17,694     13,113     53,091
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        738,144     36,114    291,403     29,507     35,457     55,225     62,740     72,059     22,885      9,035     20,070     31,967     71,682
  Less--Held by F.R. Banks                    161,417      4,239     44,178      7,640      5,596     12,421     23,050      8,370      3,556      2,977      3,985     20,295     25,110
  F.R. notes, net                             576,727     31,876    247,225     21,867     29,861     42,804     39,689     63,689     19,329      6,059     16,085     11,671     46,572
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)        563,483
     Total collateral                         576,727

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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