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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
                                                                                                May 3, 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      May 2, 2001 Apr 25, 2001  May 3, 2000  May 2, 2001

Reserve Bank Credit                                         586,374    +   7,198    +  17,837      593,164
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    527,036    +   1,604    +  20,386      526,643
    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)                      22,443    +   5,260    -   4,056       29,257
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            10    -      19    -     147           10
    Seasonal credit                                              41    +       5    -     138           54
    Extended credit                                               0            0            0            0
   Float                                                       -414    +       1    -     630           -9
   Other F.R. assets                                         37,247    +     347    +   2,551       37,201
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   3,000        2,200
Treasury currency outstanding                                32,070    +      14    +   2,722       32,070
        Total factors supplying reserve funds               631,690    +   7,212    +  17,556      638,480
                                                                   
Currency in circulation*                                    588,022    +     347    +  23,427      589,850
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         516    +       4    +     313          518
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    6,733    -     161    -   7,706        5,714
  Foreign                                                        86    -      33    -      41          115
  Service-related balances and adjustments (5)                7,241    +     209    +     437        7,241
  Other                                                         357    +      10    +      89          369
Other F.R. liabilities and capital                           17,983    +      12    -     639       17,792
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             620,938    +     388    +  15,881      621,598

Reserve balances with F.R. Banks  (6)                        10,752    +   6,824    +   1,675       16,882
                                                                
On        May 2, 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 $    710,009 million, a change of $  -   1,656 million for the week. The total includes
$    580,700 million of U.S. government securities and $    129,308 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 $     18,264 million (daily average over statement week) and $     17,816 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,264 million (daily average)
   and $     17,816 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,874 million (daily average) and $      2,354 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      7,830 million of inflation-indexed securities valued at the original face amount and 
   $        667 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 $      6,448 million and adjustments of $        793 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
                                                            May 2, 2001     Apr 25, 2001      May 3, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   3,000
Coin                                                             1,117        -       4        +     564
Loans                                                               63        -       3        -     195
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           29,257        +  12,750        -   3,258
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,516        -     407        -  18,826
                   Notes (3)                                   247,967        -     319        +  26,937
                   Bonds (4)                                    97,160        +      69        +  11,395
    Total bought outright (5)                                  526,643        -     657        +  19,506
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          526,643        -     657        +  19,506
       Total loans and securities                              555,973        +  12,091        +  15,923
                          
Items in process of collection                    (1,170)        9,512        +   1,494        +   1,402
Bank premises                                                    1,498        +       7        +     105
Other assets (6)                                                35,502        +      10        +   2,369
                TOTAL ASSETS                      (1,170)      616,847        +  13,597        +  17,359
                          
                LIABILITIES
Federal Reserve notes                                          559,415        +   1,329        +  22,327
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       24,010        +  12,878        -   3,606
  U.S. Treasury--general account                                 5,714        -   1,769        -   2,313
  Foreign--official accounts                                       115        -       6        +      44
    Other                                             (0)          369        +      39        +     106
      Total deposits                                  (0)       30,208        +  11,142        -   5,770
Deferred availability cash items                  (1,170)        9,432        +     994        +   1,276
Other liabilities and accrued dividends (7)                      3,510        -      14        -   1,308
                TOTAL LIABILITIES                 (1,170)      602,565        +  13,450        +  16,525
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,043        -       7        +     288
Surplus                                                          6,445        +      70        +     162
Other capital accounts                                             794        +      83        +     384

*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 
   $        494 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      2,216 million of inflation-indexed securities valued at the original face amount and 
   $        173 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,816 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,354 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,        May 2, 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              15       21,550   -   9,099            0           0       23,265           0
16 to 90 days               48      116,637   +   9,615            0           0        5,992           0
91 days to 1 year            0      122,016   -     301            0           0     ------      ------
Over 1 to 5 years                   135,551   -     898           10           0     ------      ------
Over 5 to 10 years                   56,338   +      25            0           0     ------      ------
Over 10 years                        74,552   +       2            0           0     ------      ------
                   		 	
Total                       63      526,643   -     657           10           0       29,257           0

1  Includes $      7,830 million of inflation-indexed securities valued at the original face amount and 
   $        667 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        May 2, 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        546      4,452        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                                           1,117         77         79         66         69        168         90        141         66         48         74        104        137
                       
Loans                                             63          1          0          0          0          0          0         11          6         25         13          6          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          29,257          0     29,257          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                     181,516     10,906     74,355      7,456     10,627     10,844     12,482     20,558      6,542        566      5,603      3,291     18,287
                   Notes (3)                 247,967     14,898    101,575     10,185     14,517     14,814     17,051     28,084      8,938        774      7,654      4,495     24,982
                   Bonds (4)                  97,160      5,838     39,800      3,991      5,688      5,804      6,681     11,004      3,502        303      2,999      1,761      9,789
     Total bought outright(5)                526,643     31,642    215,730     21,631     30,832     31,462     36,214     59,646     18,982      1,643     16,255      9,547     53,058
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             526,643     31,642    215,730     21,631     30,832     31,462     36,214     59,646     18,982      1,643     16,255      9,547     53,058
       Total loans and securities            555,973     31,643    244,991     21,632     30,833     31,462     36,214     59,659     18,988      1,668     16,268      9,553     53,062
                       
Items in process of collection                10,681        779      1,234        772        442        759        986        859        449        601        628        362      2,812
Bank premises                                  1,498         93        167         50        154        130        281        105         37        125         49        137        170
Other assets(5)                               35,502      1,855     12,786      1,270      2,109      4,828      2,344      3,370        963        670        965        796      3,545
Interdistrict settlement account                   0    + 1,213    - 7,711    -   288    -   731    + 9,192    - 1,574    + 1,291    -   666    + 3,948    -   435    -   518    - 3,722
          TOTAL ASSETS                       618,017     36,321    256,872     24,039     33,517     47,428     39,377     66,663     20,251      7,233     17,932     11,009     57,375

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  $        494 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      2,216 million of inflation-indexed securities valued at the original face amount and  $        173 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,816 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,354 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        May 2, 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                         559,415     32,604    238,843     22,028     30,384     39,449     35,479     60,922     18,798      5,071     16,172      9,574     50,091
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      24,010      1,867      6,483        732      1,437      3,609      1,498      3,083        592      1,026        707        503      2,473
  U.S. Treasury--general account                5,714          0      5,714          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      115          2         91          1          2          7          2          3          1          1          1          1          3
  Other                                           369          4        126          0          1        175          3          1          0         14          8          1         35
    Total deposits                             30,208      1,872     12,414        734      1,440      3,791      1,504      3,086        593      1,042        715        505      2,512
Deferred credit items                          10,602        751      1,224        638        512        837      1,074        809        396        577        526        472      2,788
Other liabilities and accrued                 
  dividends (2)                                 3,510        216      1,196        155        235        279        280        372        143         70        132        104        328
    TOTAL LIABILITIES                         603,735     35,443    253,678     23,554     32,570     44,356     38,337     65,190     19,929      6,759     17,546     10,655     55,718
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,043        417      1,450        229        432      1,681        496        699        149        370        183        150        788
Surplus                                         6,445        358      1,468        228        472      1,391        495        632        138        103        179        188        792
Other capital accounts                            794        103        277         27         43          0         49        143         34          0         25         16         77
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              618,017     36,321    256,872     24,039     33,517     47,428     39,377     66,663     20,251      7,233     17,932     11,009     57,375
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        739,661     36,809    296,027     30,518     35,706     53,545     58,635     70,118     22,662      9,300     20,845     31,808     73,688
  Less--Held by F.R. Banks                    180,246      4,205     57,183      8,490      5,323     14,096     23,156      9,195      3,864      4,229      4,673     22,235     23,597
  F.R. notes, net                             559,415     32,604    238,843     22,028     30,384     39,449     35,479     60,922     18,798      5,071     16,172      9,574     50,091
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)        546,169
     Total collateral                         559,415

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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