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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 13, 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 12, 2001  Sep 5, 2001 Sep 13, 2000 Sep 12, 2001

Reserve Bank Credit                                         622,845    +  13,900    +  63,439      702,092
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    540,478    -   1,574    +  28,260      530,385
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     126           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      28,863    -   1,022    +  17,658       61,005
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                        11,742    +  11,721    +  11,738       45,528
    Seasonal credit                                              95    -      19    -     327           94
    Extended credit                                               0            0            0            0
   Float                                                      4,281    +   3,728    +   2,819       22,929
   Other F.R. assets                                         37,377    +   1,067    +   3,418       42,142
Gold stock                                                   11,044            0    -       2       11,043
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,810    +      14    +   2,153       32,810
        Total factors supplying reserve funds               668,898    +  13,914    +  63,590      748,145
                                                                   
Currency in circulation*                                    612,489    -     706    +  40,416      615,681
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         422    +       6    +     255          426
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,350    +      98    +     723        5,993
  Foreign                                                        79    +       2    -       1           69
  Service-related balances and adjustments (5)                7,579    +       9    +     991        7,579
  Other                                                         467    +     180    +     230        1,150
Other F.R. liabilities and capital                           19,224    +   1,140    +   3,946       22,122
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             645,610    +     728    +  46,561      653,020

Reserve balances with F.R. Banks  (6)                        23,288    +  13,186    +  17,029       95,125
                                                                
On September 12, 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 $    721,991 million, a change of $  +   2,096 million for the week. The total includes
$    594,418 million of U.S. government securities and $    127,573 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 $     20,400 million (daily average over statement week) and $     30,615 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     20,400 million (daily average)
   and $     30,615 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,384 million (daily average) and $      7,029 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 
   $        887 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 $        296 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 12, 2001      Sep 5, 2001     Sep 13, 2000
                ASSETS
Gold certificate account                                        11,043        -       1        -       3
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,081        +       2        +     346
Loans                                                           45,622        +  45,427        +  45,227
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           61,005        +  29,790        +  49,165
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       171,336        -  12,793        -  15,141
                   Notes (3)                                   257,040        +     846        +  23,389
                   Bonds (4)                                   102,008        -       2        +  11,308
    Total bought outright (5)                                  530,385        -  11,948        +  19,556
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          530,385        -  11,948        +  19,556
       Total loans and securities                              637,022        +  63,269        + 113,829
                          
Items in process of collection                      (126)       30,928        +  17,715        +  20,948
Bank premises                                                    1,510                0        +      90
Other assets (6)                                                46,228        +  11,640        +  13,427
                TOTAL ASSETS                        (126)      730,013        +  92,626        + 146,638
                          
                LIABILITIES
Federal Reserve notes                                          584,378        +   1,313        +  42,348
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                      108,682        +  87,745        +  95,811
  U.S. Treasury--general account                                 5,993        +   1,635        +     645
  Foreign--official accounts                                        69        -       4        -       5
    Other                                             (0)        1,150        +     842        +     962
      Total deposits                                  (0)      115,894        +  90,218        +  97,414
Deferred availability cash items                    (126)        7,619        -   3,355        -     297
Other liabilities and accrued dividends (7)                      7,189        +   4,140        +   2,820
                TOTAL LIABILITIES                   (126)      715,080        +  92,316        + 142,286
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,197        +       5        +     277
Surplus                                                          6,743        +       8        +   4,064
Other capital accounts                                             992        +     296        +      10

*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 
   $        569 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 
   $        319 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     30,615 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      7,029 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 12, 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          45,545        1,562   -  15,117            0           0       55,005           0
16 to 90 days               77      120,849   +   2,345            0           0        6,000           0
91 days to 1 year            0      131,504   -      21            0           0     ------      ------
Over 1 to 5 years                   142,304   +     851           10           0     ------      ------
Over 5 to 10 years                   55,579   -       4            0           0     ------      ------
Over 10 years                        78,586   -       3            0           0     ------      ------
                   		 	
Total                   45,622      530,385   -  11,948           10           0       61,005           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        887 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 12, 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                                           1,081         58         61         54         67        175        131        131         55         34         66        114        136
                       
Loans                                         45,622      3,444     18,174          0      5,293     10,922      2,337      4,340        286         35         27          4        763
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          61,005          0     61,005          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                     171,336     10,294     70,185      7,037     10,031     10,236     11,782     19,405      6,176        535      5,288      3,106     17,262
                   Notes (3)                 257,040     15,444    105,292     10,558     15,048     15,356     17,675     29,112      9,265        802      7,934      4,660     25,896
                   Bonds (4)                 102,008      6,129     41,786      4,190      5,972      6,094      7,014     11,553      3,677        318      3,149      1,849     10,277
     Total bought outright(5)                530,385     31,867    217,263     21,785     31,051     31,685     36,471     60,070     19,117      1,655     16,370      9,615     53,435
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             530,385     31,867    217,263     21,785     31,051     31,685     36,471     60,070     19,117      1,655     16,370      9,615     53,435
       Total loans and securities            637,022     35,311    296,446     21,785     36,345     42,608     38,809     64,411     19,403      1,689     16,398      9,619     54,199
                       
Items in process of collection                31,054      1,399      1,451        977      1,582      2,473      4,522      4,153      1,703      1,007      1,943      3,413      6,432
Bank premises                                  1,510         93        169         49        153        132        285        106         40        124         49        137        173
Other assets(5)                               46,228      4,847     18,233      1,273      2,076      4,848      3,202      3,365      1,465        679      1,965        788      3,487
Interdistrict settlement account                   0    - 7,879    +31,965    -   702    - 8,772    +   392    - 4,249    - 3,153    - 2,390    + 3,585    - 1,668    +   129    - 7,255
          TOTAL ASSETS                       730,139     34,489    353,648     23,974     32,093     51,515     43,737     70,253     20,689      7,290     19,136     14,774     58,542

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  $        569 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  $        319 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     30,615 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      7,029 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 12, 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                         584,378     32,277    246,686     21,682     30,045     44,137     40,719     66,086     19,744      6,063     17,135     12,492     47,313
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                     108,682      1,206     93,076        576        854      1,714      1,159      2,145        355        554      1,307      1,284      4,454
  U.S. Treasury--general account                5,993          0      5,993          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       69          2         45          1          2          7          2          3          1          1          1          1          3
  Other                                         1,150       -466       -748        936       -457      1,502       -539       -887        -99        -24       -233       -138      2,303
    Total deposits                            115,894        741     98,366      1,512        399      3,223        622      1,261        256        531      1,075      1,146      6,760
Deferred credit items                           7,745        404        345        167        206        486      1,028      1,036        242        342        407        597      2,484
Other liabilities and accrued                 
  dividends (2)                                 7,189        191      5,058        140        182        245        260        329        130         65        126        180        284
    TOTAL LIABILITIES                         715,206     33,613    350,455     23,502     30,833     48,092     42,629     68,712     20,372      7,002     18,742     14,414     56,841
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,197        421      1,468        221        615      1,703        538        738        149        174        188        162        820
Surplus                                         6,743        358      1,468        228        472      1,679        495        632        138        114        179        188        792
Other capital accounts                            992         97        257         23        173         41         75        172         30          0         27         10         89
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              730,139     34,489    353,648     23,974     32,093     51,515     43,737     70,253     20,689      7,290     19,136     14,774     58,542
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        740,653     36,361    289,634     29,213     35,737     55,781     64,201     73,448     23,148      8,978     20,694     32,294     71,163
  Less--Held by F.R. Banks                    156,275      4,085     42,948      7,531      5,692     11,644     23,482      7,362      3,404      2,915      3,560     19,802     23,850
  F.R. notes, net                             584,378     32,277    246,686     21,682     30,045     44,137     40,719     66,086     19,744      6,063     17,135     12,492     47,313
Collateral held against F.R. notes            
   Gold certificate account                    11,043
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        571,135
     Total collateral                         584,378

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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