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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
                                                                                               July 5, 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      Jul 4, 2001 Jun 27, 2001  Jul 5, 2000  Jul 4, 2001

Reserve Bank Credit                                         594,211    +   7,218    +  29,281      592,922
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    534,046    -     963    +  29,001      532,954
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     130           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      22,186    +   7,255    -   2,862       20,350
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            27    +      13    -      32            8
    Seasonal credit                                             148    +      10    -     312          149
    Extended credit                                               0            0            0            0
   Float                                                      1,199    +   1,049    +   1,165        3,168
   Other F.R. assets                                         36,595    -     147    +   2,450       36,282
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,543    +      14    +   2,564       32,543
        Total factors supplying reserve funds               639,998    +   7,232    +  29,843      638,709
                                                                   
Currency in circulation*                                    598,260    +   4,395    +  26,167      601,534
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         440    -       4    +     366          417
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,444    -     304    +     285        5,684
  Foreign                                                       122    +      43    -      61           79
  Service-related balances and adjustments (5)                7,571    +     272    +     507        7,571
  Other                                                         285    +       6    +      57          302
Other F.R. liabilities and capital                           17,725    -     375    +   2,016       17,748
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             630,847    +   4,035    +  29,338      633,334

Reserve balances with F.R. Banks  (6)                         9,152    +   3,198    +     506        5,375
                                                                
On       July 4, 2001, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    708,578 million, a change of $  +   3,226 million for the week. The total includes
$    578,124 million of U.S. government securities and $    130,454 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 $     17,403 million (daily average over statement week) and $     17,543 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,403 million (daily average)
   and $     17,543 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      3,585 million (daily average) and $      4,888 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      8,772 million of inflation-indexed securities valued at the original face amount and 
   $        803 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 $      6,840 million and adjustments of $        731 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
                                                            Jul 4, 2001     Jun 27, 2001      Jul 5, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,092        -      28        +     425
Loans                                                              157        +       5        -     378
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           20,350        +     845        -   2,895
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       180,728        -     483        -  12,294
                   Notes (3)                                   252,428        -   1,797        +  26,289
                   Bonds (4)                                    99,798        +      44        +  13,778
    Total bought outright (5)                                  532,954        -   2,237        +  27,774
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          532,954        -   2,237        +  27,774
       Total loans and securities                              553,471        -   1,387        +  24,371
                          
Items in process of collection                      (755)       13,594        +   5,706        +   7,325
Bank premises                                                    1,510        +       5        +     100
Other assets (6)                                                34,648        -     625        +   1,753
                TOTAL ASSETS                        (755)      617,559        +   3,672        +  31,972
                          
                LIABILITIES
Federal Reserve notes                                          570,500        +   5,536        +  25,061
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,822        -   3,644        -     249
  U.S. Treasury--general account                                 5,684        -   1,173        +     326
  Foreign--official accounts                                        79        +       6        -      37
    Other                                             (0)          302        +      23        +      61
      Total deposits                                  (0)       18,886        -   4,789        +     100
Deferred availability cash items                    (755)       10,426        +   3,046        +   4,422
Other liabilities and accrued dividends (7)                      3,071        -     234        -   1,533
                TOTAL LIABILITIES                   (755)      602,882        +   3,558        +  28,050
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,143        +       4        +     277
Surplus                                                          6,598        -      73        +   3,919
Other capital accounts                                             936        +     183        -     274

*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 
   $        533 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      3,158 million of inflation-indexed securities valued at the original face amount and 
   $        269 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,543 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      4,888 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,       July 4, 2001
Holdings of securities include securitites held under repurchase agreements, which are classified according 
to remaining maturity.

Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days              23       10,993   -  10,218            0           0       12,350           0
16 to 90 days              134      124,830   +   8,963            0           0        8,000           0
91 days to 1 year            0      124,036   +     770            0           0     ------      ------
Over 1 to 5 years                   139,331   -   1,758           10           0     ------      ------
Over 5 to 10 years                   57,530   +       4            0           0     ------      ------
Over 10 years                        76,234   +       2            0           0     ------      ------
                   		 	
Total                      157      532,954   -   2,237           10           0       20,350           0

1  Includes $      8,772 million of inflation-indexed securities valued at the original face amount and 
   $        803 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       July 4, 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                                           1,092         74         61         60         70        180        114        128         63         39         68        108        127
                       
Loans                                            157          0          0          0          0          0          5         33         12         73         21          6          7
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          20,350          0     20,350          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     180,728     10,859     74,032      7,423     10,581     10,797     12,427     20,469      6,514        564      5,578      3,276     18,208
                   Notes (3)                 252,428     15,166    103,403     10,368     14,778     15,080     17,358     28,590      9,098        788      7,791      4,576     25,432
                   Bonds (4)                  99,798      5,996     40,881      4,099      5,843      5,962      6,862     11,303      3,597        311      3,080      1,809     10,054
     Total bought outright(5)                532,954     32,021    218,316     21,891     31,202     31,839     36,648     60,361     19,209      1,663     16,450      9,662     53,694
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             532,954     32,021    218,316     21,891     31,202     31,839     36,648     60,361     19,209      1,663     16,450      9,662     53,694
       Total loans and securities            553,471     32,022    238,670     21,891     31,203     31,840     36,653     60,395     19,222      1,736     16,471      9,668     53,701
                       
Items in process of collection                14,350        989      1,624        771        703      1,210      1,898      1,105        626        777        928        655      3,064
Bank premises                                  1,510         93        167         50        153        131        291        106         38        124         49        137        171
Other assets(5)                               34,648      1,796     12,524      1,264      2,045      4,694      2,331      3,267        928        650        936        774      3,437
Interdistrict settlement account                   0    -   835    - 4,033    -   640    - 1,337    + 8,759    - 1,597    +   687    -   441    + 4,308    -   784    + 1,501    - 5,587
          TOTAL ASSETS                       618,315     34,799    254,336     23,933     33,479     47,702     40,728     66,929     20,849      7,807     18,052     13,419     56,283

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  $        533 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      3,158 million of inflation-indexed securities valued at the original face amount and  $        269 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,543 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      4,888 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       July 4, 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                         570,500     31,906    241,070     22,311     30,911     41,717     37,534     61,774     19,429      6,270     16,285     11,900     49,393
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,822        914      1,726        459        948      1,428        879      2,359        517        279        711        632      1,972
  U.S. Treasury--general account                5,684          0      5,684          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       79          2         55          1          2          7          2          3          1          1          1          1          3
  Other                                           302          1        140          0          3        137          2          1          1          2         10          1          4
    Total deposits                             18,886        916      7,605        461        953      1,573        883      2,362        518        281        721        634      1,979
Deferred credit items                          11,181        908      1,292        545        526        917        963        934        451        735        522        442      2,947
Other liabilities and accrued                 
  dividends (2)                                 3,071        192      1,055        139        181        234        254        331        130         59        119         97        279
    TOTAL LIABILITIES                         603,638     33,922    251,022     23,455     32,571     44,441     39,633     65,402     20,527      7,345     17,648     13,073     54,598
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,143        417      1,466        222        404      1,700        527        724        148        375        194        152        813
Surplus                                         6,598        358      1,468        228        472      1,561        495        632        138         87        179        188        792
Other capital accounts                            936        101        381         28         32          0         72        171         36          0         30          5         79
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              618,315     34,799    254,336     23,933     33,479     47,702     40,728     66,929     20,849      7,807     18,052     13,419     56,283
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        735,350     35,819    293,482     30,017     35,698     54,462     59,542     69,718     22,463      9,154     20,349     31,727     72,919
  Less--Held by F.R. Banks                    164,851      3,913     52,412      7,707      4,787     12,745     22,008      7,944      3,034      2,884      4,063     19,827     23,526
  F.R. notes, net                             570,500     31,906    241,070     22,311     30,911     41,717     37,534     61,774     19,429      6,270     16,285     11,900     49,393
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        3,942
   U.S. govt. and agency securities(3)        553,314
     Total collateral                         570,500

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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