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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
                                                                                           January 11, 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     Jan 10, 2001  Jan 3, 2001 Jan 12, 2000 Jan 10, 2001

Reserve Bank Credit                                         578,383    -  12,471    -  11,198      579,657
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    514,112    +   1,954    +  29,417      515,478
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130            0    -      51          130
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      27,116    -  13,823    -  40,305       27,875
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            85    +      60    -     771            7
    Seasonal credit                                              36    -      37    +       5           25
    Extended credit                                               0            0            0            0
   Float                                                        784    -     353    -     248         -178
   Other F.R. assets                                         36,120    -     271    +     882       36,318
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                31,233    +      14    +   3,087       31,233
        Total factors supplying reserve funds               622,862    -  12,457    -  12,113      624,136
                                                                   
Currency in circulation*                                    588,000    -   5,189    -  11,272      585,574
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         454    +       4    +     333          458
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,795    -     517    -     531        5,160
  Foreign                                                       108    -      48    +      34          122
  Service-related balances and adjustments (5)                6,956    -     472    -   1,009        6,956
  Other                                                         179    -     875    -      12          174
Other F.R. liabilities and capital                           17,982    +      98    -     206       17,985
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             618,473    -   7,001    -  12,665      616,429

Reserve balances with F.R. Banks  (6)                         4,389    -   5,456    +     552        7,707
                                                                
On   January 10, 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 $    692,866 million, a change of $  +   1,323 million for the week. The total includes
$    591,043 million of U.S. government securities and $    101,823 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 $     17,157 million (daily average over statement week) and $     16,335 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,157 million (daily average)
   and $     16,335 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,247 million (daily average) and $      2,478 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        531 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 $      6,332 million and adjustments of $        624 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
                                                           Jan 10, 2001      Jan 3, 2001     Jan 12, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                               955        +      20        +     717
Loans                                                               32        -      26        -     969
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,875        -   2,600        -  35,020
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      51
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,365        +   1,489        -     907
                   Notes (3)                                   239,192        +     574        +  20,724
                   Bonds (4)                                    92,921        +     137        +   9,942
    Total bought outright (5)                                  515,478        +   2,200        +  29,759
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          515,478        +   2,200        +  29,759
       Total loans and securities                              543,516        -     425        -   6,279
                          
Items in process of collection                      (933)        8,148        -   5,736        +     221
Bank premises                                                    1,462        +       1        +      96
Other assets (6)                                                34,864        +     460        +     768
                TOTAL ASSETS                        (933)      602,190        -   5,681        -   8,482
                          
                LIABILITIES
Federal Reserve notes                                          555,753        -   7,126        -   6,388
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       14,878        +   2,820        -   2,381
  U.S. Treasury--general account                                 5,160        +   1,328        -     294
  Foreign--official accounts                                       122        +      46        +      12
    Other                                             (0)          174        -      30        -      55
      Total deposits                                  (0)       20,334        +   4,165        -   2,716
Deferred availability cash items                    (933)        8,118        -   3,162        +     657
Other liabilities and accrued dividends (7)                      4,139        +      48        -     376
                TOTAL LIABILITIES                   (933)      588,345        -   6,074        -   8,823
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,999        +       2        +     557
Surplus                                                          6,189        +       1        -     243
Other capital accounts                                             658        +     391        +      28

*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 $      5,367 million of inflation-indexed securities valued at the original face amount and 
   $        427 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and 
   $        104 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,335 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,478 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,   January 10, 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              13       14,881   -   2,139            0           0       14,870           0
16 to 90 days               19      116,369   +   2,396            0           0       13,005           0
91 days to 1 year            0      125,924   +   1,233            0           0     ------      ------
Over 1 to 5 years                   131,501   +     266          130           0     ------      ------
Over 5 to 10 years                   55,907   +     445            0           0     ------      ------
Over 10 years                        70,897           0            0           0     ------      ------
                   		 	
Total                       32      515,478   +   2,200          130           0       27,875           0

1  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        531 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   January 10, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,046        535      4,428        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             955         50         72         54         66        120         83        113         51         35         66         93        152
                       
Loans                                             32          0          0          0          0          2          0         15          5          0          6          3          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,875          0     27,875          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                130          7         50          5          7          8          9         16          5          1          4          4         14
  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                     183,365     10,527     70,779      7,637     10,261     10,764     12,205     21,933      6,966        772      6,111      5,425     19,985
                   Notes (3)                 239,192     13,732     92,329      9,962     13,385     14,041     15,921     28,611      9,086      1,007      7,971      7,077     26,069
                   Bonds (4)                  92,921      5,334     35,868      3,870      5,200      5,455      6,185     11,115      3,530        391      3,097      2,749     10,127
     Total bought outright(5)                515,478     29,593    198,976     21,470     28,847     30,260     34,312     61,659     19,582      2,170     17,178     15,252     56,182
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             515,478     29,593    198,976     21,470     28,847     30,260     34,312     61,659     19,582      2,170     17,178     15,252     56,182
       Total loans and securities            543,516     29,600    226,901     21,475     28,854     30,269     34,320     61,689     19,591      2,171     17,189     15,259     56,197
                       
Items in process of collection                 9,081        799      1,066        469        275        566        736        681        425        624        775        388      2,278
Bank premises                                  1,462         93        166         51        154        128        251        104         35        126         49        138        167
Other assets(5)                               34,864      1,665     11,807      1,257      2,050      5,230      2,272      3,371      1,029        684      1,011      1,061      3,426
Interdistrict settlement account                   0    + 1,571    + 8,204    +   312    + 1,456    + 3,731    + 1,981    - 2,350    - 1,300    -   492    - 1,092    - 7,203    - 4,817
          TOTAL ASSETS                       603,124     34,428    253,519     24,114     33,479     40,941     40,611     64,884     20,261      3,336     18,405     10,347     58,798

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 $      5,367 million of inflation-indexed securities valued at the original face amount and  $        427 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and  $        104 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,335 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,478 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   January 10, 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                         555,753     32,042    240,445     22,526     30,910     33,616     37,313     60,447     19,100      1,361     16,444      8,869     52,680
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      14,878        694      2,000        459        948      3,432      1,068      1,944        431        836        924        610      1,532
  U.S. Treasury--general account                5,160          0      5,160          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      122          1         98          1          2          8          2          3          1          1          1          1          3
  Other                                           174          1        130          2          3         17          1          1          7          0          9          1          1
    Total deposits                             20,334        697      7,389        462        953      3,457      1,071      1,948        439        837        934        612      1,536
Deferred credit items                           9,051        689      1,053        459        401        758        878        682        248        566        485        320      2,511
Other liabilities and accrued                 
  dividends (2)                                 4,139        249      1,421        187        235        285        320        470        174         66        164        151        416
    TOTAL LIABILITIES                         589,278     33,676    250,308     23,634     32,499     38,116     39,582     63,547     19,962      2,831     18,027      9,952     57,144
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,999        358      1,467        228        472      1,679        496        632        138        368        179        188        792
Surplus                                         6,189        358      1,468        228        472      1,103        495        632        138        136        179        188        792
Other capital accounts                            658         35        276         25         36         43         37         74         24          0         20         19         70
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              603,124     34,428    253,519     24,114     33,479     40,941     40,611     64,884     20,261      3,336     18,405     10,347     58,798
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        750,186     37,132    300,737     31,555     36,415     50,789     60,016     70,814     23,128      9,551     21,551     32,130     76,367
  Less--Held by F.R. Banks                    194,433      5,090     60,292      9,029      5,505     17,173     22,704     10,367      4,028      8,190      5,107     23,262     23,688
  F.R. notes, net                             555,753     32,042    240,445     22,526     30,910     33,616     37,313     60,447     19,100      1,361     16,444      8,869     52,680
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        542,508
     Total collateral                         555,753

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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