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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
                                                                                               June 7, 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      Jun 6, 2001 May 30, 2001  Jun 7, 2000  Jun 6, 2001

Reserve Bank Credit                                         587,753    -   2,822    +  30,477      585,322
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    527,940    -   1,228    +  21,514      527,124
    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)                      24,054    -   2,480    +   7,094       19,050
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           120    +      98    -     119           12
    Seasonal credit                                              95    +       9    -     230          101
    Extended credit                                               0            0            0            0
   Float                                                        467    +     970    -     227        3,681
   Other F.R. assets                                         35,068    -     191    +   2,576       35,343
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   3,000        2,200
Treasury currency outstanding                                32,397    +      14    +   2,557       32,397
        Total factors supplying reserve funds               633,396    -   2,807    +  30,033      630,964
                                                                   
Currency in circulation*                                    595,040    +     220    +  25,574      595,567
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         506    -       4    +     374          483
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,796    -     352    +     140        5,926
  Foreign                                                        83    -      65            0           82
  Service-related balances and adjustments (5)                7,043    +     164    -      48        7,042
  Other                                                         332    +      38    +      72          327
Other F.R. liabilities and capital                           17,909    -      51    +   2,233       17,667
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             625,710    -      49    +  28,346      627,095

Reserve balances with F.R. Banks  (6)                         7,685    -   2,760    +   1,686        3,870
                                                                
On       June 6, 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 $    709,699 million, a change of $  +   2,692 million for the week. The total includes
$    578,443 million of U.S. government securities and $    131,256 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 $     18,030 million (daily average over statement week) and $     20,637 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,538 million (daily average)
   and $     17,192 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,793 million (daily average) and $        890 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      8,301 million of inflation-indexed securities valued at the original face amount and 
   $        730 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 $      6,777 million and adjustments of $        265 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
                                                            Jun 6, 2001     May 30, 2001      Jun 7, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   3,000
Coin                                                             1,074        +       4        +     438
Loans                                                              114        +      24        -     231
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           19,050        -  23,330        +   1,430
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       177,467        -   1,319        -  20,048
                   Notes (3)                                   251,419        -     938        +  27,786
                   Bonds (4)                                    98,238        +       8        +  13,447
    Total bought outright (5)                                  527,124        -   2,248        +  21,185
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          527,124        -   2,248        +  21,185
       Total loans and securities                              546,298        -  25,555        +  22,254
                          
Items in process of collection                    (1,214)       11,706        +   1,094        +   2,931
Bank premises                                                    1,504        +       5        +     103
Other assets (6)                                                33,607        -     206        +   2,262
                TOTAL ASSETS                      (1,214)      607,435        -  24,659        +  24,986
                          
                LIABILITIES
Federal Reserve notes                                          564,727        -     915        +  23,922
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       10,259        -  23,736        -   2,737
  U.S. Treasury--general account                                 5,926        +   1,625        +     895
  Foreign--official accounts                                        82        +      10        -       4
    Other                                             (1)          327        +      32        +      83
      Total deposits                                  (1)       16,594        -  22,070        -   1,763
Deferred availability cash items                  (1,213)        8,447        -   1,603        +     421
Other liabilities and accrued dividends (7)                      3,370        -      20        -   1,517
                TOTAL LIABILITIES                 (1,214)      593,138        -  24,608        +  21,062
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,061        -       8        +     272
Surplus                                                          6,584        +      18        +   3,905
Other capital accounts                                             653        -      59        -     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 $      5,614 million of inflation-indexed securities valued at the original face amount and 
   $        511 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      2,687 million of inflation-indexed securities valued at the original face amount and 
   $        218 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     20,637 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        890 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,       June 6, 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              26       15,867   -   2,741            0           0       13,050           0
16 to 90 days               88      118,440   +   1,973            0           0        6,000           0
91 days to 1 year            0      120,883   +     496            0           0     ------      ------
Over 1 to 5 years                   139,659   -   1,982           10           0     ------      ------
Over 5 to 10 years                   57,511   +       4            0           0     ------      ------
Over 10 years                        74,764   +       2            0           0     ------      ------
                   		 	
Total                      114      527,124   -   2,248           10           0       19,050           0

1  Includes $      8,301 million of inflation-indexed securities valued at the original face amount and 
   $        730 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       June 6, 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                                           1,074         79         68         61         66        175         99        123         61         42         71        105        125
                       
Loans                                            114          0          0          0          0          0          0         34         15         38         22          0          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          19,050          0     19,050          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                     177,467     10,663     72,696      7,289     10,390     10,602     12,203     20,100      6,396        554      5,478      3,217     17,879
                   Notes (3)                 251,419     15,106    102,990     10,327     14,719     15,020     17,288     28,475      9,062        784      7,760      4,558     25,330
                   Bonds (4)                  98,238      5,902     40,242      4,035      5,751      5,869      6,755     11,126      3,541        306      3,032      1,781      9,897
     Total bought outright(5)                527,124     31,671    215,928     21,651     30,860     31,491     36,247     59,701     18,999      1,645     16,270      9,556     53,107
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             527,124     31,671    215,928     21,651     30,860     31,491     36,247     59,701     18,999      1,645     16,270      9,556     53,107
       Total loans and securities            546,298     31,672    234,982     21,651     30,861     31,491     36,247     59,736     19,015      1,683     16,293      9,556     53,111
                       
Items in process of collection                12,920        864      1,460      1,186        659        768      1,241      1,104        597        623        785        680      2,953
Bank premises                                  1,504         93        167         50        153        130        286        105         37        125         49        137        171
Other assets(5)                               33,607      1,739     12,034      1,163      1,995      4,719      2,213      3,155        893        665        908        766      3,358
Interdistrict settlement account                   0    -   162    -   798    -   780    - 1,506    + 8,079    - 1,859    -   660    -   676    + 3,710    -   515    +   636    - 5,468
          TOTAL ASSETS                       608,649     34,945    253,238     23,867     32,871     46,250     39,265     64,802     20,341      7,021     17,975     12,456     55,620

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  $        511 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      2,687 million of inflation-indexed securities valued at the original face amount and  $        218 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     20,637 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        890 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       June 6, 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                         564,727     32,324    239,803     22,163     30,370     41,040     36,168     60,839     19,204      5,676     16,441     11,123     49,577
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      10,259        765      1,999        511        884        792        809      1,310        394        258        556        449      1,535
  U.S. Treasury--general account                5,926          0      5,926          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       82          2         58          1          2          7          2          3          1          1          1          1          3
  Other                                           328          1        139          0          1        160          0          3          0          2          8          1         13
    Total deposits                             16,595        767      8,122        512        886        959        811      1,316        395        261        564        451      1,551
Deferred credit items                           9,660        789      1,021        571        512        738        989        783        294        538        456        432      2,537
Other liabilities and accrued                 
  dividends (2)                                 3,370        209      1,128        151        197        285        272        359        137         71        128        103        330
    TOTAL LIABILITIES                         594,352     34,089    250,075     23,397     31,966     43,023     38,240     63,297     20,030      6,546     17,589     12,108     53,994
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,061        417      1,457        222        404      1,695        496        724        145        374        184        152        791
Surplus                                         6,584        358      1,468        228        472      1,533        495        632        138        101        179        188        792
Other capital accounts                            653         82        238         20         29          0         34        150         28          0         22          8         42
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              608,649     34,945    253,238     23,867     32,871     46,250     39,265     64,802     20,341      7,021     17,975     12,456     55,620
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        736,621     36,372    294,938     30,188     35,399     54,213     58,737     69,560     22,530      9,218     20,583     31,710     73,174
  Less--Held by F.R. Banks                    171,894      4,048     55,135      8,025      5,028     13,173     22,570      8,720      3,326      3,542      4,142     20,587     23,597
  F.R. notes, net                             564,727     32,324    239,803     22,163     30,370     41,040     36,168     60,839     19,204      5,676     16,441     11,123     49,577
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        5,297
   U.S. govt. and agency securities(3)        546,184
     Total collateral                         564,727

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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