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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
                                                                                              June 28, 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     Jun 27, 2001 Jun 20, 2001 Jun 28, 2000 Jun 27, 2001

Reserve Bank Credit                                         587,021    -     597    +  27,484      591,413
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    535,009    +   2,103    +  28,398      535,191
    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)                      14,931    -   2,355    -   2,547       19,505
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            14    -      43    -      26           10
    Seasonal credit                                             138    +      16    -     323          142
    Extended credit                                               0            0            0            0
   Float                                                        177    -     856    -     642         -387
   Other F.R. assets                                         36,742    +     537    +   2,754       36,942
Gold stock                                                   11,044            0    -       3       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,529    +      14    +   2,585       32,529
        Total factors supplying reserve funds               632,794    -     583    +  28,066      637,186
                                                                   
Currency in circulation*                                    593,865    -      50    +  26,280      595,930
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         444    -      19    +     375          444
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,748    +   1,554    -     235        6,857
  Foreign                                                        79    -      22    -      10           73
  Service-related balances and adjustments (5)                7,299    +      95    +     446        7,299
  Other                                                         279    -       5    +      81          279
Other F.R. liabilities and capital                           18,100    +      35    +   2,479       17,869
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             626,812    +   1,586    +  29,413      628,750

Reserve balances with F.R. Banks  (6)                         5,982    -   2,169    -   1,347        8,436
                                                                
On      June 27, 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 $    705,352 million, a change of $  +   1,529 million for the week. The total includes
$    577,286 million of U.S. government securities and $    128,066 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 $     17,145 million (daily average over statement week) and $     16,970 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,145 million (daily average)
   and $     16,970 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        673 million (daily average) and $      1,225 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 
   $        795 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 $      6,814 million and adjustments of $        485 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
                                                           Jun 27, 2001     Jun 20, 2001     Jun 28, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       3
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,120        -       1        +     441
Loans                                                              152        -      59        -     374
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           19,505        +   5,755        -   3,470
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,211        -      38        -  14,515
                   Notes (3)                                   254,225        +     694        +  28,087
                   Bonds (4)                                    99,754        +      52        +  13,734
    Total bought outright (5)                                  535,191        +     709        +  27,307
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          535,191        +     709        +  27,307
       Total loans and securities                              554,858        +   6,405        +  23,333
                          
Items in process of collection                      (779)        7,888        -     981        -      36
Bank premises                                                    1,505        -       2        +     103
Other assets (6)                                                35,273        +     480        +   2,491
                TOTAL ASSETS                        (779)      613,887        +   5,901        +  24,328
                          
                LIABILITIES
Federal Reserve notes                                          564,964        +     846        +  24,300
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       16,466        +   5,392        -   3,243
  U.S. Treasury--general account                                 6,857        +      99        +     244
  Foreign--official accounts                                        73        -      60        -      44
    Other                                          (-118)          279        +      13        +      88
      Total deposits                               (-118)       23,675        +   5,444        -   2,955
Deferred availability cash items                    (897)        7,380        -     407        +     428
Other liabilities and accrued dividends (7)                      3,305        -      53        -   1,506
                TOTAL LIABILITIES                   (779)      599,324        +   5,830        +  20,267
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,139        +       6        +     274
Surplus                                                          6,671        +      26        +   3,992
Other capital accounts                                             753        +      38        -     205

*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 
   $        528 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 
   $        267 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,970 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,225 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,      June 27, 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             146       21,211   +   1,736            0           0       13,505           0
16 to 90 days                6      115,867   -   2,566            0           0        6,000           0
91 days to 1 year            0      123,266   +     792            0           0     ------      ------
Over 1 to 5 years                   141,089   +     739           10           0     ------      ------
Over 5 to 10 years                   57,526   +       5            0           0     ------      ------
Over 10 years                        76,232   +       4            0           0     ------      ------
                   		 	
Total                      152      535,191   +     709           10           0       19,505           0

1  Includes $      8,772 million of inflation-indexed securities valued at the original face amount and 
   $        795 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      June 27, 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                                           1,120         79         60         62         72        186        112        131         65         41         71        110        130
                       
Loans                                            152          0          0          4          0          0          4         34         12         66         27          2          2
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          19,505          0     19,505          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                     181,211     10,888     74,230      7,443     10,609     10,826     12,461     20,524      6,531        565      5,593      3,285     18,257
                   Notes (3)                 254,225     15,274    104,139     10,442     14,884     15,188     17,481     28,793      9,163        793      7,847      4,609     25,613
                   Bonds (4)                  99,754      5,993     40,863      4,097      5,840      5,959      6,859     11,298      3,595        311      3,079      1,808     10,050
     Total bought outright(5)                535,191     32,155    219,232     21,982     31,333     31,973     36,801     60,615     19,290      1,670     16,519      9,702     53,919
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             535,191     32,155    219,232     21,982     31,333     31,973     36,801     60,615     19,290      1,670     16,519      9,702     53,919
       Total loans and securities            554,858     32,156    238,741     21,987     31,333     31,973     36,806     60,650     19,302      1,736     16,546      9,704     53,923
                       
Items in process of collection                 8,667        533        983        530        338        550        954        653        229        501        661        449      2,287
Bank premises                                  1,505         93        167         50        153        131        286        106         38        125         49        137        171
Other assets(5)                               35,273      1,834     12,734      1,292      2,085      4,794      2,319      3,339        947        664        956        793      3,517
Interdistrict settlement account                   0    - 1,169    - 3,386    -   837    - 1,026    + 9,355    -   810    -   888    -   391    + 4,553    -   981    + 1,160    - 5,580
          TOTAL ASSETS                       614,666     34,187    254,623     23,621     33,597     47,877     40,704     65,230     20,604      7,793     17,685     12,927     55,817

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  $        528 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  $        267 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,970 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,225 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      June 27, 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                         564,964     31,625    239,853     21,893     30,639     41,226     37,059     60,934     19,246      6,193     16,089     11,556     48,651
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      16,466        873      2,529        548      1,535      2,276      1,452      1,829        647        486        620        625      3,046
  U.S. Treasury--general account                6,857          0      6,857          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       73          2         49          1          2          7          2          3          1          1          1          1          3
  Other                                           161          0        149          0          2        113        -35          1          0       -118         45          1          2
    Total deposits                             23,557        874      9,585        550      1,539      2,396      1,419      1,832        648        369        666        627      3,052
Deferred credit items                           8,277        614        905        561        319        648        863        604        261        684        406        290      2,122
Other liabilities and accrued                 
  dividends (2)                                 3,305        208      1,095        146        192        286        275        347        136         73        128        107        311
    TOTAL LIABILITIES                         600,103     33,321    251,438     23,149     32,689     44,556     39,616     63,718     20,292      7,318     17,289     12,580     54,137
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,139        417      1,467        222        404      1,700        527        724        148        375        191        152        813
Surplus                                         6,671        358      1,468        228        472      1,621        495        632        138        100        179        188        792
Other capital accounts                            753         91        251         22         32          0         66        156         27          0         26          8         75
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              614,666     34,187    254,623     23,621     33,597     47,877     40,704     65,230     20,604      7,793     17,685     12,927     55,817
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        736,246     35,885    293,742     30,090     35,751     54,545     59,702     69,620     22,468      9,182     20,389     31,791     73,082
  Less--Held by F.R. Banks                    171,282      4,260     53,889      8,197      5,112     13,319     22,643      8,686      3,222      2,989      4,300     20,235     24,431
  F.R. notes, net                             564,964     31,625    239,853     21,893     30,639     41,226     37,059     60,934     19,246      6,193     16,089     11,556     48,651
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)        551,721
     Total collateral                         564,964

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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