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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
                                                                                           February 8, 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      Feb 7, 2001 Jan 31, 2001  Feb 9, 2000  Feb 7, 2001

Reserve Bank Credit                                         572,088    -   1,624    +  16,337      579,009
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    515,579    -   1,220    +  13,741      516,486
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             121    -       9    -      54          110
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      18,921    -      65    +     502       23,985
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             6    -       6    -      35           11
    Seasonal credit                                              19    -      12    -      10           20
    Extended credit                                               0            0            0            0
   Float                                                        634    -      51    +     433        1,356
   Other F.R. assets                                         36,809    -     259    +   1,779       37,042
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                31,527    +      14    +   3,054       31,527
        Total factors supplying reserve funds               616,861    -   1,609    +  15,388      623,781
                                                                   
Currency in circulation*                                    579,584    +   1,473    +  13,738      581,712
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         478    +      23    +     347          485
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,849    -   4,054    -     410        3,905
  Foreign                                                        89    -      21    -       2           96
  Service-related balances and adjustments (5)                6,447    -     138    -   1,423        6,447
  Other                                                         339    +      62    +      90          335
Other F.R. liabilities and capital                           18,032    -     166    -     437       17,906
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             609,820    -   2,820    +  11,905      610,887

Reserve balances with F.R. Banks  (6)                         7,041    +   1,210    +   3,483       12,895
                                                                
On   February 7, 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 $    701,768 million, a change of $  +   4,140 million for the week. The total includes
$    595,295 million of U.S. government securities and $    106,473 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 $     17,046 million (daily average over statement week) and $     16,169 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,046 million (daily average)
   and $     16,169 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,373 million (daily average) and $      1,788 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        555 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 $      6,096 million and adjustments of $        352 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
                                                            Feb 7, 2001     Jan 31, 2001      Feb 9, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                             1,095        +      29        +     706
Loans                                                               31        -       4        -      64
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           23,985        +   5,065        -   1,295
Federal agency obligations (2)          
  Bought outright                                                  110        -      20        -      65
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,417        +     468        -  15,817
                   Notes (3)                                   239,724        -       1        +  20,711
                   Bonds (4)                                    93,345                0        +   9,261
    Total bought outright (5)                                  516,486        +     468        +  14,155
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          516,486        +     468        +  14,155
       Total loans and securities                              540,611        +   5,508        +  12,730
                          
Items in process of collection                      (976)       10,270        +     247        +   2,621
Bank premises                                                    1,468        +       1        +      94
Other assets (6)                                                35,617        +     450        +   1,744
                TOTAL ASSETS                        (976)      602,308        +   6,236        +  13,894
                          
                LIABILITIES
Federal Reserve notes                                          551,766        +   2,330        +  12,563
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,947        +   4,527        +   1,892
  U.S. Treasury--general account                                 3,905        -   1,351        -     955
  Foreign--official accounts                                        96        -     103        +      15
    Other                                             (0)          335        +      29        +      88
      Total deposits                                  (0)       24,283        +   3,101        +   1,040
Deferred availability cash items                    (976)        8,353        +     547        +     872
Other liabilities and accrued dividends (7)                      3,996        +      36        -     719
                TOTAL LIABILITIES                   (976)      588,397        +   6,013        +  13,755
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,016        +       2        +     352
Surplus                                                          6,299        +      34        -      65
Other capital accounts                                             595        +     186        -     149

*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 $      5,552 million of inflation-indexed securities valued at the original face amount and 
   $        431 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      1,834 million of inflation-indexed securities valued at the original face amount and 
   $        124 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,169 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,788 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,   February 7, 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              17       17,722   -   3,199            0           0       17,985           0
16 to 90 days               14      115,089   +   2,659            0           0        6,000           0
91 days to 1 year            0      125,624   +   1,007            0           0     ------      ------
Over 1 to 5 years                   130,088           0          110   -      20     ------      ------
Over 5 to 10 years                   56,750           0            0           0     ------      ------
Over 10 years                        71,212           0            0           0     ------      ------
                   		 	
Total                       31      516,486   +     468          110   -      20       23,985           0

1  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        555 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   February 7, 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                                           1,095         59         77         61         74        137        111        135         60         42         75        109        155
                       
Loans                                             31          2          0          0          0          0          0          9          8          4          3          5          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          23,985          0     23,985          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                110          6         42          5          6          6          7         13          4          0          4          3         12
  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                     183,417     10,530     70,799      7,639     10,264     10,767     12,209     21,939      6,967        772      6,112      5,427     19,990
                   Notes (3)                 239,724     13,762     92,534      9,985     13,415     14,072     15,957     28,675      9,106      1,009      7,989      7,093     26,127
                   Bonds (4)                  93,345      5,359     36,031      3,888      5,224      5,480      6,213     11,165      3,546        393      3,111      2,762     10,174
     Total bought outright(5)                516,486     29,651    199,364     21,512     28,903     30,319     34,379     61,779     19,620      2,174     17,212     15,282     56,291
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             516,486     29,651    199,364     21,512     28,903     30,319     34,379     61,779     19,620      2,174     17,212     15,282     56,291
       Total loans and securities            540,611     29,659    223,392     21,517     28,909     30,325     34,386     61,801     19,632      2,179     17,218     15,289     56,304
                       
Items in process of collection                11,246      1,178      1,462        481        462        883      1,086        907        505        694        724        260      2,604
Bank premises                                  1,468         94        167         51        154        127        257        104         35        125         49        138        168
Other assets(5)                               35,617      1,815     12,223      1,281      2,082      4,965      2,325      3,485        991        719      1,012      1,014      3,706
Interdistrict settlement account                   0    + 2,302    +11,424    -     9    + 1,281    + 3,425    + 1,212    - 2,449    -   997    -   206    - 1,482    - 7,372    - 7,129
          TOTAL ASSETS                       603,284     35,756    254,046     23,880     33,587     40,761     40,345     65,259     20,656      3,741     18,001     10,050     57,204

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 $      5,552 million of inflation-indexed securities valued at the original face amount and  $        431 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      1,834 million of inflation-indexed securities valued at the original face amount and  $        124 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,169 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,788 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   February 7, 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                         551,766     31,942    239,054     22,348     30,690     34,329     36,921     59,937     18,980      2,110     16,322      8,564     50,568
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,947      2,017      5,184        462      1,273      2,250      1,082      2,816        875        533        727        571      2,159
  U.S. Treasury--general account                3,905          0      3,905          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       96          2         73          1          2          7          2          3          1          1          1          1          3
  Other                                           335          0        134          0          6        172          1          1          9          1          7          1          1
    Total deposits                             24,283      2,019      9,296        463      1,281      2,429      1,085      2,820        885        535        735        573      2,163
Deferred credit items                           9,329        784      1,152        407        413        821        997        712        323        525        405        373      2,418
Other liabilities and accrued                 
  dividends (2)                                 3,996        238      1,358        181        228        285        310        452        169         67        160        147        401
    TOTAL LIABILITIES                         589,374     34,983    250,860     23,399     32,612     37,864     39,312     63,920     20,357      3,237     17,622      9,656     55,550
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,016        369      1,468        228        469      1,680        497        634        138        372        180        189        793
Surplus                                         6,299        358      1,468        228        472      1,216        495        632        138        132        179        188        792
Other capital accounts                            595         45        251         24         34          0         40         73         23          0         20         17         68
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              603,284     35,756    254,046     23,880     33,587     40,761     40,345     65,259     20,656      3,741     18,001     10,050     57,204
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        746,182     37,063    298,853     31,379     36,549     50,978     59,717     70,557     22,921      9,434     21,481     31,834     75,417
  Less--Held by F.R. Banks                    194,416      5,121     59,799      9,031      5,859     16,649     22,796     10,620      3,941      7,324      5,159     23,270     24,848
  F.R. notes, net                             551,766     31,942    239,054     22,348     30,690     34,329     36,921     59,937     18,980      2,110     16,322      8,564     50,568
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)        538,520
     Total collateral                         551,766

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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