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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
                                                                                         September 27, 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     Sep 26, 2001 Sep 19, 2001 Sep 27, 2000 Sep 26, 2001

Reserve Bank Credit                                         611,281    -  60,699    +  52,489      614,782
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    530,998    +   7,639    +  19,845      526,817
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     120           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      39,333    -  35,963    +  27,908       51,290
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                         1,065    -     437    +   1,047           20
    Seasonal credit                                              67    -      28    -     331           75
    Extended credit                                               0            0            0            0
   Float                                                      2,029    -  25,588    +   1,352       -1,437
   Other F.R. assets                                         37,778    -   6,323    +   2,787       38,007
Gold stock                                                   11,043            0    -       3       11,043
Special drawing rights certificate account                    2,200            0    -   1,000        2,200
Treasury currency outstanding                                32,838    +      14    +   2,079       32,838
        Total factors supplying reserve funds               657,362    -  60,685    +  53,565      660,863
                                                                   
Currency in circulation*                                    612,802    -   2,383    +  44,453      613,429
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         429    +       3    +     252          422
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    8,462    +   2,171    +   1,105        9,668
  Foreign                                                       605    +     448    +     528          635
  Service-related balances and adjustments (5)                8,140    +     432    +   1,246        8,140
  Other                                                         298    -      84    +      56          237
Other F.R. liabilities and capital                           18,787    -   1,873    +   3,454       17,760
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             649,523    -   1,286    +  51,094      650,291

Reserve balances with F.R. Banks  (6)                         7,838    -  59,400    +   2,469       10,572
                                                                
On September 26, 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 $    730,198 million, a change of $  +   2,402 million for the week. The total includes
$    602,300 million of U.S. government securities and $    127,898 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 $     28,571 million (daily average over statement week) and $     32,821 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     28,571 million (daily average)
   and $     32,821 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      4,926 million (daily average) and $      6,506 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 
   $        874 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 $      7,649 million and adjustments of $        491 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
                                                           Sep 26, 2001     Sep 19, 2001     Sep 27, 2000
                ASSETS
Gold certificate account                                        11,043                0        -       3
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,116        +      14        +     326
Loans                                                               95        -   2,578        -     319
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           51,290        +  11,690        +  39,120
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       167,782        +     200        -  17,634
                   Notes (3)                                   257,032        -       4        +  21,308
                   Bonds (4)                                   102,003        -       2        +  10,671
    Total bought outright (5)                                  526,817        +     193        +  14,345
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          526,817        +     193        +  14,345
       Total loans and securities                              578,212        +   9,305        +  53,026
                          
Items in process of collection                    (1,017)        7,893        -   4,540        +     821
Bank premises                                                    1,510                0        +      85
Other assets (6)                                                36,344        +     349        +   1,941
                TOTAL ASSETS                      (1,017)      638,318        +   5,128        +  55,195
                          
                LIABILITIES
Federal Reserve notes                                          582,129        -   1,881        +  42,243
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       20,527        +   5,386        +   7,500
  U.S. Treasury--general account                                 9,668        +   4,255        +   1,682
  Foreign--official accounts                                       635        +     377        +     560
    Other                                             (0)          237        -      51        +      48
      Total deposits                                  (0)       31,067        +   9,966        +   9,791
Deferred availability cash items                  (1,017)        7,363        -     645        +     436
Other liabilities and accrued dividends (7)                      2,944        -   1,631        -   1,394
                TOTAL LIABILITIES                 (1,017)      623,502        +   5,808        +  51,075
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,208        +       6        +     259
Surplus                                                          6,760        -       4        +   4,081
Other capital accounts                                             848        -     682        -     219

*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 
   $        560 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 
   $        314 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     32,821 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      6,506 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, September 26, 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              92       21,870   +   1,187            0           0       43,785           0
16 to 90 days                3       98,372   -     269            0           0        7,505           0
91 days to 1 year            0      130,118   -     718            0           0     ------      ------
Over 1 to 5 years                   142,304           0           10           0     ------      ------
Over 5 to 10 years                   55,572   -       4            0           0     ------      ------
Over 10 years                        78,581   -       3            0           0     ------      ------
                   		 	
Total                       95      526,817   +     193           10           0       51,290           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        874 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 September 26, 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                      11,043        546      4,449        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                                           1,116         57         65         52         68        183        134        133         59         34         72        118        141
                       
Loans                                             95          3          0          0          0          0          7         23          5         27         16          3         11
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          51,290          0     51,290          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                     167,782     10,081     68,729      6,891      9,823     10,023     11,537     19,003      6,047        523      5,179      3,042     16,904
                   Notes (3)                 257,032     15,443    105,289     10,557     15,048     15,355     17,674     29,111      9,264        802      7,933      4,660     25,895
                   Bonds (4)                 102,003      6,129     41,784      4,190      5,972      6,094      7,014     11,553      3,677        318      3,148      1,849     10,277
     Total bought outright(5)                526,817     31,652    215,802     21,638     30,842     31,472     36,226     59,666     18,988      1,644     16,260      9,550     53,076
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             526,817     31,652    215,802     21,638     30,842     31,472     36,226     59,666     18,988      1,644     16,260      9,550     53,076
       Total loans and securities            578,212     31,656    267,096     21,639     30,843     31,473     36,233     59,690     18,993      1,670     16,277      9,553     53,088
                       
Items in process of collection                 8,910        541        808        466        305        545        643        832        516        519        594        661      2,480
Bank premises                                  1,510         93        169         49        152        132        285        106         40        124         49        137        173
Other assets(5)                               36,344      1,882     13,086      1,317      2,151      4,995      2,396      3,436        971        694        984        812      3,619
Interdistrict settlement account                   0    +    30    -23,072    -   851    - 1,124    +14,717    + 2,560    + 6,500    +   859    + 4,327    +   672    + 2,761    - 7,379
          TOTAL ASSETS                       639,335     34,919    263,475     23,208     33,038     52,933     43,289     71,938     21,851      7,541     19,031     14,618     53,493

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  $        560 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  $        314 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     32,821 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      6,506 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 September 26, 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                         582,129     31,990    243,001     21,176     30,365     45,016     40,217     66,326     20,207      6,293     17,480     13,085     46,973
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      20,527      1,363      4,928        900        895      3,594        875      3,089        941        404        643        747      2,148
  U.S. Treasury--general account                9,668          0      9,668          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      635          2        612          1          2          7          2          3          1          1          1          1          3
  Other                                           237          1        178          0          2         41          1          1          1          0          2          4          6
    Total deposits                             31,067      1,366     15,385        902        899      3,643        877      3,093        942        405        646        752      2,157
Deferred credit items                           8,380        514        964        532        344        618        843        683        266        477        401        328      2,410
Other liabilities and accrued                 
  dividends (2)                                 2,944        184        971        134        173        243        251        315        125         62        118         97        271
    TOTAL LIABILITIES                         624,519     34,054    260,321     22,744     31,781     49,520     42,188     70,418     21,541      7,236     18,645     14,262     51,811
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,208        421      1,469        221        619      1,704        538        738        149        174        188        162        825
Surplus                                         6,760        358      1,468        228        472      1,679        495        632        138        131        179        188        792
Other capital accounts                            848         85        218         15        167         31         68        151         23          0         19          6         65
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              639,335     34,919    263,475     23,208     33,038     52,933     43,289     71,938     21,851      7,541     19,031     14,618     53,493
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        741,775     36,413    288,347     29,015     35,972     56,171     64,583     73,725     23,541      8,969     21,063     32,921     71,055
  Less--Held by F.R. Banks                    159,646      4,423     45,346      7,839      5,607     11,155     24,367      7,399      3,334      2,676      3,583     19,835     24,082
  F.R. notes, net                             582,129     31,990    243,001     21,176     30,365     45,016     40,217     66,326     20,207      6,293     17,480     13,085     46,973
Collateral held against F.R. notes            
   Gold certificate account                    11,043
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        568,885
     Total collateral                         582,129

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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