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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 20, 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 19, 2001 Sep 12, 2001 Sep 20, 2000 Sep 19, 2001

Reserve Bank Credit                                         672,702    +  49,919    + 110,494      608,865
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    523,359    -  17,119    +  14,346      526,624
    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)                      75,296    +  46,433    +  58,010       39,600
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                         1,502    -  10,240    +   1,367        2,587
    Seasonal credit                                              95            0    -     289           87
    Extended credit                                               0            0            0            0
   Float                                                     28,339    +  24,058    +  27,362        2,345
   Other F.R. assets                                         44,101    +   6,786    +   9,817       37,613
Gold stock                                                   11,043    -       1    -       3       11,043
Special drawing rights certificate account                    2,200            0    -   1,143        2,200
Treasury currency outstanding                                32,824    +      14    +   2,116       32,824
        Total factors supplying reserve funds               718,769    +  49,932    + 111,464      654,932
                                                                   
Currency in circulation*                                    615,185    +   2,696    +  45,536      615,303
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         426    +       4    +     262          430
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,291    +     941    -   2,283        5,413
  Foreign                                                       157    +      78    +      71          258
  Service-related balances and adjustments (5)                7,708    +     129    +   1,235        7,708
  Other                                                         382    -      85    +     183          288
Other F.R. liabilities and capital                           20,660    +   1,436    +   5,399       20,071
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             650,809    +   5,199    +  50,403      649,471

Reserve balances with F.R. Banks  (6)                        67,960    +  44,734    +  61,061        5,461
                                                                
On September 19, 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 $    727,796 million, a change of $  +   5,913 million for the week. The total includes
$    600,954 million of U.S. government securities and $    126,842 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 $     36,133 million (daily average over statement week) and $     32,895 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     36,133 million (daily average)
   and $     32,895 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      5,729 million (daily average) and $      2,728 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 
   $        880 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 $      7,283 million and adjustments of $        425 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 19, 2001     Sep 12, 2001     Sep 20, 2000
                ASSETS
Gold certificate account                                        11,043                0        -       3
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,102        +      21        +     337
Loans                                                            2,673        -  42,949        +   1,373
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           39,600        -  21,405        +  19,715
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       167,582        -   3,754        -  16,450
                   Notes (3)                                   257,036        -       4        +  21,780
                   Bonds (4)                                   102,005        -       3        +  10,858
    Total bought outright (5)                                  526,624        -   3,761        +  16,190
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          526,624        -   3,761        +  16,190
       Total loans and securities                              568,907        -  68,115        +  37,157
                          
Items in process of collection                    (1,017)       12,433        -  18,495        +   4,570
Bank premises                                                    1,510                0        +      88
Other assets (6)                                                35,995        -  10,233        +   2,718
                TOTAL ASSETS                      (1,017)      633,190        -  96,823        +  43,867
                          
                LIABILITIES
Federal Reserve notes                                          584,010        -     368        +  44,036
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       15,141        -  93,541        -   4,200
  U.S. Treasury--general account                                 5,413        -     580        -   2,000
  Foreign--official accounts                                       258        +     189        +     192
    Other                                             (0)          288        -     862        +      96
      Total deposits                                  (0)       21,101        -  94,793        -   5,911
Deferred availability cash items                  (1,017)        8,008        +     389        +     674
Other liabilities and accrued dividends (7)                      4,575        -   2,614        +     247
                TOTAL LIABILITIES                 (1,017)      617,694        -  97,386        +  39,046
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,202        +       5        +     267
Surplus                                                          6,764        +      21        +   4,085
Other capital accounts                                           1,530        +     538        +     470

*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 
   $        564 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 
   $        316 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     32,895 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,728 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 19, 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           2,662       20,683   +  19,121            0           0       37,600           0
16 to 90 days               12       98,641   -  22,208            0           0        2,000           0
91 days to 1 year            0      130,836   -     668            0           0     ------      ------
Over 1 to 5 years                   142,304           0           10           0     ------      ------
Over 5 to 10 years                   55,576   -       3            0           0     ------      ------
Over 10 years                        78,584   -       2            0           0     ------      ------
                   		 	
Total                    2,673      526,624   -   3,761           10           0       39,600           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        880 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 19, 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                                           1,102         58         64         52         67        179        134        133         57         35         69        117        137
                       
Loans                                          2,673        411          0         54        400        773        517         23         25         29        205          3        233
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          39,600          0     39,600          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                     167,582     10,069     68,647      6,883      9,811     10,011     11,523     18,980      6,040        523      5,172      3,038     16,883
                   Notes (3)                 257,036     15,443    105,291     10,557     15,048     15,355     17,675     29,111      9,264        802      7,933      4,660     25,896
                   Bonds (4)                 102,005      6,129     41,785      4,190      5,972      6,094      7,014     11,553      3,677        318      3,148      1,849     10,277
     Total bought outright(5)                526,624     31,641    215,722     21,630     30,831     31,461     36,212     59,644     18,981      1,643     16,254      9,547     53,056
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             526,624     31,641    215,722     21,630     30,831     31,461     36,212     59,644     18,981      1,643     16,254      9,547     53,056
       Total loans and securities            568,907     32,052    255,327     21,685     31,232     32,234     36,730     59,668     19,007      1,672     16,460      9,550     53,290
                       
Items in process of collection                13,450        552      1,795        468        355        342        794      1,494        766        706        796        939      4,443
Bank premises                                  1,510         93        169         49        153        132        285        106         40        124         49        137        173
Other assets(5)                               35,995      1,861     12,912      1,303      2,132      4,994      2,372      3,411        957        696        972        806      3,579
Interdistrict settlement account                   0    +    46    -13,586    - 1,174    -   900    +11,938    + 2,801    + 5,326    +   186    + 4,286    +    78    + 1,651    -10,652
          TOTAL ASSETS                       634,207     35,323    262,003     22,919     33,680     50,708     44,154     71,378     21,427      7,692     18,808     13,774     52,340

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  $        564 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  $        316 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     32,895 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,728 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 19, 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                         584,010     32,063    246,042     21,416     30,449     44,566     40,342     66,181     20,129      6,276     17,347     12,309     46,889
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,141      1,597      2,765        349      1,341      1,551      1,635      2,531        604        479        508        606      1,176
  U.S. Treasury--general account                5,413          0      5,413          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      258          2        235          1          2          7          2          3          1          1          1          1          3
  Other                                           288          1        139          1          2        131          0          1          0          0          2          4          6
    Total deposits                             21,101      1,599      8,552        350      1,345      1,690      1,637      2,534        605        480        511        610      1,185
Deferred credit items                           9,025        574      1,465        529        411        655        775        765        237        563        425        386      2,241
Other liabilities and accrued                 
  dividends (2)                                 4,575        184      2,613        134        173        237        250        313        125         65        115         96        271
    TOTAL LIABILITIES                         618,711     34,421    258,672     22,429     32,377     47,149     43,004     69,793     21,096      7,384     18,398     13,401     50,586
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,202        421      1,468        221        619      1,704        538        738        149        174        188        162        820
Surplus                                         6,764        358      1,468        228        472      1,679        495        632        138        135        179        188        792
Other capital accounts                          1,530        123        395         40        213        177        116        216         44          0         43         23        141
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              634,207     35,323    262,003     22,919     33,680     50,708     44,154     71,378     21,427      7,692     18,808     13,774     52,340
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        740,984     36,370    289,461     29,118     35,959     55,966     64,102     73,481     23,476      8,951     20,834     32,362     70,904
  Less--Held by F.R. Banks                    156,974      4,307     43,419      7,702      5,510     11,400     23,760      7,300      3,347      2,675      3,487     20,052     24,015
  F.R. notes, net                             584,010     32,063    246,042     21,416     30,449     44,566     40,342     66,181     20,129      6,276     17,347     12,309     46,889
Collateral held against F.R. notes            
   Gold certificate account                    11,043
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        4,533
   U.S. govt. and agency securities(3)        566,234
     Total collateral                         584,010

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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