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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 6, 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 5, 2001 Aug 29, 2001  Sep 6, 2000  Sep 5, 2001

Reserve Bank Credit                                         608,992    +   8,349    +  46,114      612,097
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    542,052    +     178    +  30,929      542,333
    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)                      29,885    +   7,380    +  12,221       31,215
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            21    -      16    -      15           99
    Seasonal credit                                             114    -      25    -     417           96
    Extended credit                                               0            0            0            0
   Float                                                        601    +     631    +     611        2,079
   Other F.R. assets                                         36,310    +     202    +   2,916       36,266
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,796    +      14    +   2,247       32,796
        Total factors supplying reserve funds               655,032    +   8,364    +  46,359      658,137
                                                                   
Currency in circulation*                                    613,195    +   4,748    +  40,558      614,361
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         416    +       6    +     250          421
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,252    +     251    -     342        4,358
  Foreign                                                        77    -      29    +       3           73
  Service-related balances and adjustments (5)                7,573    -     150    +     785        7,573
  Other                                                         287    -       4    +      39          308
Other F.R. liabilities and capital                           18,084    -      33    +   2,928       17,672
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             644,884    +   4,789    +  44,222      644,766

Reserve balances with F.R. Banks  (6)                        10,148    +   3,575    +   2,137       13,371
                                                                
On  September 5, 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 $    719,895 million, a change of $  +   3,191 million for the week. The total includes
$    589,182 million of U.S. government securities and $    130,713 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 $     18,043 million (daily average over statement week) and $     17,796 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,043 million (daily average)
   and $     17,796 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        145 million (daily average) and $        420 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 
   $        894 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 $      7,237 million and adjustments of $        336 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 5, 2001     Aug 29, 2001      Sep 6, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,079        -      27        +     350
Loans                                                              195        -      79        -     438
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           31,215        +   6,460        +  14,535
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       184,129        -     581        -   4,866
                   Notes (3)                                   256,194        -     905        +  23,422
                   Bonds (4)                                   102,010        +     946        +  11,331
    Total bought outright (5)                                  542,333        -     540        +  29,886
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          542,333        -     540        +  29,886
       Total loans and securities                              573,753        +   5,842        +  43,854
                          
Items in process of collection                      (775)       13,213        +   6,594        +   1,696
Bank premises                                                    1,510        -       2        +      91
Other assets (6)                                                34,588        -     181        +   2,221
                TOTAL ASSETS                        (775)      637,387        +  12,227        +  46,209
                          
                LIABILITIES
Federal Reserve notes                                          583,065        +   3,216        +  38,723
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       20,937        +   5,411        +   3,687
  U.S. Treasury--general account                                 4,358        -     317        -       1
  Foreign--official accounts                                        73        -      78        -       2
    Other                                             (0)          308        +      26        +      61
      Total deposits                                  (0)       25,676        +   5,042        +   3,744
Deferred availability cash items                    (775)       10,974        +   4,145        +     998
Other liabilities and accrued dividends (7)                      3,049        -       6        -   1,378
                TOTAL LIABILITIES                   (775)      622,764        +  12,397        +  42,087
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,192        +       2        +     318
Surplus                                                          6,735        -      12        +   4,056
Other capital accounts                                             696        -     159        -     252

*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 
   $        573 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 
   $        321 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,796 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        420 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 5, 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             117       16,679   -   6,904            0           0       25,215           0
16 to 90 days               78      118,504   +   7,216            0           0        6,000           0
91 days to 1 year            0      131,525   -   1,417            0           0     ------      ------
Over 1 to 5 years                   141,453   -     532           10           0     ------      ------
Over 5 to 10 years                   55,583   +     150            0           0     ------      ------
Over 10 years                        78,589   +     947            0           0     ------      ------
                   		 	
Total                      195      542,333   -     540           10           0       31,215           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        894 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 5, 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         57         62         55         68        174        128        131         55         32         66        112        139
                       
Loans                                            195          0          0          4          0         94          7         29          6         35         15          3          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          31,215          0     31,215          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                     184,129     11,063     75,425      7,563     10,780     11,000     12,661     20,854      6,637        574      5,683      3,338     18,551
                   Notes (3)                 256,194     15,393    104,945     10,523     14,999     15,305     17,617     29,016      9,234        799      7,907      4,644     25,811
                   Bonds (4)                 102,010      6,129     41,787      4,190      5,972      6,094      7,015     11,553      3,677        318      3,149      1,849     10,277
     Total bought outright(5)                542,333     32,585    222,157     22,276     31,751     32,399     37,293     61,423     19,547      1,692     16,739      9,832     54,639
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             542,333     32,585    222,157     22,276     31,751     32,399     37,293     61,423     19,547      1,692     16,739      9,832     54,639
       Total loans and securities            573,753     32,585    253,377     22,280     31,751     32,494     37,300     61,454     19,554      1,727     16,754      9,834     54,643
                       
Items in process of collection                13,988      1,151      1,292        901        612      1,198      1,044      1,223        780        778        809        877      3,325
Bank premises                                  1,510         93        169         49        153        132        285        107         40        124         49        137        173
Other assets(5)                               34,588      1,786     12,454      1,196      2,055      4,813      2,284      3,245        921        678        937        780      3,439
Interdistrict settlement account                   0    -   110    -10,862    - 1,012    - 1,923    +12,593    + 1,832    + 2,764    -   764    + 4,102    -   680    + 1,600    - 7,539
          TOTAL ASSETS                       638,162     36,224    261,815     24,007     33,357     52,291     43,910     70,164     20,999      7,614     18,318     13,915     55,548

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  $        573 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  $        321 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,796 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        420 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 5, 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                         583,065     32,116    247,795     21,806     30,037     44,083     40,067     65,216     19,528      6,043     16,733     12,436     47,204
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      20,937      2,114      4,088        820      1,271      3,406      1,440      2,231        674        588        650        521      3,134
  U.S. Treasury--general account                4,358          0      4,358          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       73          2         49          1          2          7          2          3          1          1          1          1          3
  Other                                           308          4        135          0          1        145          2          1          1          1          2          4         13
    Total deposits                             25,676      2,120      8,631        821      1,273      3,558      1,444      2,235        675        591        653        526      3,150
Deferred credit items                          11,749        943      1,247        781        645      1,029      1,057        878        356        631        427        504      3,251
Other liabilities and accrued                 
  dividends (2)                                 3,049        188      1,027        138        180        244        253        325        128         64        123         97        283
    TOTAL LIABILITIES                         623,539     35,367    258,699     23,546     32,136     48,915     42,821     68,654     20,687      7,329     17,936     13,562     53,888
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,192        421      1,467        221        611      1,703        538        737        149        174        188        162        820
Surplus                                         6,735        358      1,468        228        472      1,673        495        632        138        111        179        188        792
Other capital accounts                            696         78        181         11        138          0         56        141         25          0         14          3         48
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              638,162     36,224    261,815     24,007     33,357     52,291     43,910     70,164     20,999      7,614     18,318     13,915     55,548
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        739,818     36,130    289,895     29,300     35,605     55,762     63,946     72,770     23,051      9,004     20,467     32,422     71,466
  Less--Held by F.R. Banks                    156,753      4,014     42,099      7,494      5,568     11,679     23,879      7,554      3,523      2,961      3,734     19,986     24,262
  F.R. notes, net                             583,065     32,116    247,795     21,806     30,037     44,083     40,067     65,216     19,528      6,043     16,733     12,436     47,204
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        569,822
     Total collateral                         583,065

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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