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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
                                                                                              July 19, 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     Jul 18, 2001 Jul 11, 2001 Jul 19, 2000 Jul 18, 2001

Reserve Bank Credit                                         591,877    +     668    +  33,572      592,577
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    534,240    +   1,473    +  27,193      536,102
    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)                      19,729    -     965    +   4,856       16,850
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           164    +      14    +     133          270
    Seasonal credit                                             176    +      15    -     329          191
    Extended credit                                               0            0            0            0
   Float                                                        380    -     462    -     209        1,777
   Other F.R. assets                                         37,179    +     594    +   2,060       37,377
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,646    +      14    +   2,462       32,646
        Total factors supplying reserve funds               637,767    +     682    +  34,032      638,467
                                                                   
Currency in circulation*                                    601,037    -     399    +  30,517      601,782
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         412    -      27    +     343          406
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,937    +     141    -     396        5,619
  Foreign                                                        75    -       2    -      23           70
  Service-related balances and adjustments (5)                7,083    -     201    +     488        7,083
  Other                                                         325    +      42    +      76          321
Other F.R. liabilities and capital                           17,927    +     346    +   2,588       17,690
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             631,798    -      98    +  33,594      632,970

Reserve balances with F.R. Banks  (6)                         5,969    +     780    +     437        5,497
                                                                
On      July 18, 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 $    705,355 million, a change of $  -   4,001 million for the week. The total includes
$    577,317 million of U.S. government securities and $    128,038 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 $     19,308 million (daily average over statement week) and $     18,405 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,308 million (daily average)
   and $     18,405 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,224 million (daily average) and $      1,597 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 
   $        860 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 $      6,875 million and adjustments of $        209 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
                                                           Jul 18, 2001     Jul 11, 2001     Jul 19, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,079        +      16        +     391
Loans                                                              461        +     272        -     176
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           16,850        -  10,650        +   2,840
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       179,999        +     395        -  12,175
                   Notes (3)                                   255,355        +   2,790        +  27,742
                   Bonds (4)                                   100,748        +     100        +  13,443
    Total bought outright (5)                                  536,102        +   3,284        +  29,009
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          536,102        +   3,284        +  29,009
       Total loans and securities                              553,423        -   7,094        +  31,544
                          
Items in process of collection                      (923)        9,475        +   1,448        +   1,471
Bank premises                                                    1,513        +       1        +     100
Other assets (6)                                                35,701        +     303        +   1,823
                TOTAL ASSETS                        (923)      614,436        -   5,325        +  33,328
                          
                LIABILITIES
Federal Reserve notes                                          570,621        -     184        +  29,593
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,458        -   5,435        +     809
  U.S. Treasury--general account                                 5,619        +     175        -     303
  Foreign--official accounts                                        70        -      11        -      78
    Other                                             (0)          321        +      62        +      96
      Total deposits                                  (0)       18,467        -   5,210        +     522
Deferred availability cash items                    (923)        7,658        +     165        +     488
Other liabilities and accrued dividends (7)                      3,030        -      41        -   1,403
                TOTAL LIABILITIES                   (923)      599,776        -   5,270        +  29,201
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,153        +      10        +     276
Surplus                                                          6,721        +      44        +   4,042
Other capital accounts                                             786        -     108        -     191

*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 
   $        552 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 
   $        308 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,405 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,597 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,      July 18, 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             452       20,951   +   6,458            0           0       12,850           0
16 to 90 days                9      112,501   -   6,876            0           0        4,000           0
91 days to 1 year            0      126,909   +   2,044            0           0     ------      ------
Over 1 to 5 years                   144,849   +   5,516           10           0     ------      ------
Over 5 to 10 years                   53,804   -   3,862            0           0     ------      ------
Over 10 years                        77,088   +       4            0           0     ------      ------
                   		 	
Total                      461      536,102   +   3,284           10           0       16,850           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        860 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      July 18, 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                                           1,079         69         59         58         68        181        112        132         62         37         68        109        124
                       
Loans                                            461          0          0          0          0          0          7         46         11         85         31         12        268
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          16,850          0     16,850          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                     179,999     10,815     73,733      7,393     10,538     10,753     12,377     20,386      6,488        562      5,556      3,263     18,134
                   Notes (3)                 255,355     15,342    104,602     10,488     14,950     15,255     17,559     28,921      9,204        797      7,882      4,629     25,726
                   Bonds (4)                 100,748      6,053     41,270      4,138      5,898      6,019      6,928     11,411      3,631        314      3,110      1,826     10,150
     Total bought outright(5)                536,102     32,210    219,605     22,020     31,386     32,027     36,864     60,718     19,323      1,673     16,547      9,719     54,011
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             536,102     32,210    219,605     22,020     31,386     32,027     36,864     60,718     19,323      1,673     16,547      9,719     54,011
       Total loans and securities            553,423     32,211    236,459     22,020     31,387     32,028     36,872     60,765     19,334      1,758     16,579      9,731     54,280
                       
Items in process of collection                10,398        613      1,003        757        616        583      1,066      1,208        561        524        702        371      2,395
Bank premises                                  1,513         93        168         50        153        131        291        106         38        124         49        137        172
Other assets(5)                               35,701      1,861     12,948      1,309      2,109      4,809      2,344      3,385        965        662        967        794      3,549
Interdistrict settlement account                   0    - 1,373    -   162    -   915    - 2,030    + 9,280    +    63    -   379    - 1,032    + 4,583    - 1,323    + 1,515    - 8,227
          TOTAL ASSETS                       615,359     34,135    255,800     23,815     32,945     47,900     41,785     66,458     20,343      7,860     17,425     13,232     53,661

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  $        552 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  $        308 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,405 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,597 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      July 18, 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                         570,621     31,873    242,871     21,784     30,158     41,917     38,695     62,014     19,278      6,393     15,996     11,915     47,727
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,458        608      1,999        729      1,253      1,587        896      1,928        338        414        534        549      1,622
  U.S. Treasury--general account                5,619          0      5,619          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       70          2         46          1          2          7          2          3          1          1          1          1          3
  Other                                           321          2        151          0          2        156          1          2          0          1          1          1          4
    Total deposits                             18,467        612      7,815        730      1,257      1,750        899      1,933        339        416        537        551      1,629
Deferred credit items                           8,581        595        896        689        434        627        848        665        279        521        376        312      2,340
Other liabilities and accrued                 
  dividends (2)                                 3,030        188      1,034        138        178        231        250        329        128         61        117         97        280
    TOTAL LIABILITIES                         600,699     33,266    252,617     23,341     32,027     44,525     40,692     64,941     20,024      7,390     17,026     12,874     51,976
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,153        417      1,466        221        411      1,700        527        727        148        375        188        160        813
Surplus                                         6,721        358      1,468        228        472      1,675        495        632        138         95        179        188        792
Other capital accounts                            786         93        249         25         35          0         71        158         32          0         32         10         80
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              615,359     34,135    255,800     23,815     32,945     47,900     41,785     66,458     20,343      7,860     17,425     13,232     53,661
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        737,247     35,892    292,251     29,904     35,484     54,754     61,697     70,342     22,639      9,142     20,166     32,091     72,885
  Less--Held by F.R. Banks                    166,627      4,020     49,379      8,120      5,326     12,837     23,001      8,327      3,361      2,750      4,171     20,176     25,158
  F.R. notes, net                             570,621     31,873    242,871     21,784     30,158     41,917     38,695     62,014     19,278      6,393     15,996     11,915     47,727
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        4,415
   U.S. govt. and agency securities(3)        552,962
     Total collateral                         570,621

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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