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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 21, 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 20, 2001 Jun 13, 2001 Jun 21, 2000 Jun 20, 2001

Reserve Bank Credit                                         587,618    +   2,436    +  28,671      584,992
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    532,906    +   1,801    +  24,832      534,482
    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)                      17,286    -     357    +   1,723       13,750
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            57    -     211    +      11           83
    Seasonal credit                                             122    +      16    -     273          128
    Extended credit                                               0            0            0            0
   Float                                                      1,033    +     576    -     135           73
   Other F.R. assets                                         36,205    +     612    +   2,644       36,465
Gold stock                                                   11,044    -       1    -       4       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,515    +      14    +   2,606       32,515
        Total factors supplying reserve funds               633,377    +   2,448    +  29,273      630,751
                                                                   
Currency in circulation*                                    593,915    -     272    +  26,135      595,069
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         463    -      18    +     395          444
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,194    +     316    -   2,749        6,758
  Foreign                                                       101    +      16    +      18          133
  Service-related balances and adjustments (5)                7,204    +     196    +     286        7,204
  Other                                                         284    -      27    +      33          266
Other F.R. liabilities and capital                           18,065    -      65    +   2,494       17,851
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             625,226    +     146    +  26,613      627,724

Reserve balances with F.R. Banks  (6)                         8,151    +   2,302    +   2,661        3,026
                                                                
On      June 20, 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 $    703,823 million, a change of $  -   4,143 million for the week. The total includes
$    574,184 million of U.S. government securities and $    129,640 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 $     17,384 million (daily average over statement week) and $     16,919 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,384 million (daily average)
   and $     16,919 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        629 million (daily average) and $        190 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      8,772 million of inflation-indexed securities valued at the original face amount and 
   $        786 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 $      6,812 million and adjustments of $        392 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 20, 2001     Jun 13, 2001     Jun 21, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       4
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,121        +      16        +     447
Loans                                                              211        +      72        -     372
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           13,750        -   6,750        -   7,220
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,249        +      21        -  16,650
                   Notes (3)                                   253,531        +   2,106        +  28,842
                   Bonds (4)                                    99,702        +     481        +  13,759
    Total bought outright (5)                                  534,482        +   2,608        +  25,951
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          534,482        +   2,608        +  25,951
       Total loans and securities                              548,453        -   4,070        +  18,229
                          
Items in process of collection                      (910)        8,869        +      82        -     943
Bank premises                                                    1,507                0        +     104
Other assets (6)                                                34,793        +     652        +   2,366
                TOTAL ASSETS                        (910)      607,986        -   3,321        +  18,198
                          
                LIABILITIES
Federal Reserve notes                                          564,118        -     244        +  24,833
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       11,074        -   5,520        -   2,509
  U.S. Treasury--general account                                 6,758        +   2,029        -   6,910
  Foreign--official accounts                                       133        +      51        +      47
    Other                                             (0)          266        -      22        +      28
      Total deposits                                  (0)       18,231        -   3,462        -   9,342
Deferred availability cash items                    (910)        7,787        +     302        +     111
Other liabilities and accrued dividends (7)                      3,358        -      31        -   1,409
                TOTAL LIABILITIES                   (910)      593,494        -   3,435        +  14,193
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,133        +      69        +     270
Surplus                                                          6,645        +      28        +   3,966
Other capital accounts                                             715        +      19        -     230

*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 
   $        523 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      3,158 million of inflation-indexed securities valued at the original face amount and 
   $        263 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     16,919 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        190 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 20, 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             202       19,475   +   4,889            0           0        9,750           0
16 to 90 days                9      118,433   -   5,294            0           0        4,000           0
91 days to 1 year            0      122,474   +   1,835            0           0     ------      ------
Over 1 to 5 years                   140,350   +     691           10           0     ------      ------
Over 5 to 10 years                   57,521   +       5            0           0     ------      ------
Over 10 years                        76,228   +     481            0           0     ------      ------
                   		 	
Total                      211      534,482   +   2,608           10           0       13,750           0

1  Includes $      8,772 million of inflation-indexed securities valued at the original face amount and 
   $        786 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 20, 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                                           1,121         80         63         61         72        183        109        133         64         41         73        109        133
                       
Loans                                            211          0          0          0         50          0          2         28         48         53         22          1          7
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          13,750          0     13,750          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                     181,249     10,890     74,246      7,445     10,611     10,828     12,463     20,528      6,533        565      5,594      3,286     18,260
                   Notes (3)                 253,531     15,233    103,855     10,414     14,843     15,146     17,434     28,714      9,138        791      7,825      4,596     25,543
                   Bonds (4)                  99,702      5,990     40,841      4,095      5,837      5,956      6,856     11,292      3,594        311      3,077      1,807     10,045
     Total bought outright(5)                534,482     32,113    218,941     21,953     31,291     31,930     36,753     60,534     19,264      1,668     16,497      9,689     53,848
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             534,482     32,113    218,941     21,953     31,291     31,930     36,753     60,534     19,264      1,668     16,497      9,689     53,848
       Total loans and securities            548,453     32,113    232,696     21,954     31,342     31,931     36,755     60,564     19,312      1,721     16,520      9,690     53,856
                       
Items in process of collection                 9,778        599      1,007        500        404        681        950        710        474        703        736        752      2,263
Bank premises                                  1,507         93        167         50        153        131        286        106         38        125         49        137        171
Other assets(5)                               34,793      1,804     12,523      1,275      2,060      4,783      2,284      3,281        929        662        944        783      3,466
Interdistrict settlement account                   0    -   803    + 1,714    -   888    - 1,727    + 7,863    - 1,968    - 1,173    -   806    + 4,107    - 1,194    +   893    - 6,021
          TOTAL ASSETS                       608,896     34,548    253,493     23,490     32,947     46,460     39,454     64,860     20,424      7,532     17,510     12,941     55,238

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  $        523 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      3,158 million of inflation-indexed securities valued at the original face amount and  $        263 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     16,919 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        190 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 20, 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                         564,118     31,725    239,713     21,919     30,338     41,016     36,387     61,009     19,103      6,092     16,073     11,660     49,084
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      11,074      1,067      1,555        422      1,132        931        916      1,265        563        272        519        484      1,948
  U.S. Treasury--general account                6,758          0      6,758          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      133          2        110          1          2          7          2          3          1          1          1          1          3
  Other                                           266          0        137          1          1        115          1          1          0          0          6          2          2
    Total deposits                             18,231      1,068      8,560        424      1,136      1,053        918      1,269        565        273        526        487      1,953
Deferred credit items                           8,697        678        918        523        367        806        815        715        303        620        389        338      2,223
Other liabilities and accrued                 
  dividends (2)                                 3,358        210      1,115        151        199        290        275        356        136         72        132        106        318
    TOTAL LIABILITIES                         594,404     33,682    250,306     23,016     32,040     43,165     38,394     63,348     20,107      7,058     17,119     12,590     53,577
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,133        417      1,461        222        404      1,700        527        724        148        375        191        152        813
Surplus                                         6,645        358      1,468        228        472      1,594        495        632        138        100        179        188        792
Other capital accounts                            715         90        259         24         30          0         37        156         32          0         21         11         55
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              608,896     34,548    253,493     23,490     32,947     46,460     39,454     64,860     20,424      7,532     17,510     12,941     55,238
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        736,351     35,973    293,886     30,141     35,601     54,484     59,247     69,697     22,465      9,212     20,419     31,914     73,314
  Less--Held by F.R. Banks                    172,233      4,247     54,172      8,222      5,263     13,468     22,860      8,688      3,362      3,121      4,346     20,254     24,230
  F.R. notes, net                             564,118     31,725    239,713     21,919     30,338     41,016     36,387     61,009     19,103      6,092     16,073     11,660     49,084
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        2,633
   U.S. govt. and agency securities(3)        548,242
     Total collateral                         564,118

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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