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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
                                                                                          February 22, 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     Feb 21, 2001 Feb 14, 2001 Feb 23, 2000 Feb 21, 2001

Reserve Bank Credit                                         577,179    +   4,505    +  20,130      587,429
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    519,669    +   3,760    +  17,476      521,118
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              81    -      29    -      69           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      21,976    +   4,219    +     935       28,765
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            13    -      11    -      29           17
    Seasonal credit                                              17    -       6    -      35           15
    Extended credit                                               0            0            0            0
   Float                                                        982    -     588    -      28        2,850
   Other F.R. assets                                         34,441    -   2,839    +   1,895       34,653
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                31,741    +      14    +   3,169       31,741
        Total factors supplying reserve funds               622,165    +   4,519    +  19,295      632,415
                                                                   
Currency in circulation*                                    583,833    +   2,227    +  17,838      584,780
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         488    +       3    +     326          487
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,836    -     187    -     498        4,100
  Foreign                                                       107    +      28    +      26           77
  Service-related balances and adjustments (5)                6,531    -       3    -     427        6,531
  Other                                                         257    -      66    +      19          256
Other F.R. liabilities and capital                           18,162    -      70    -     661       17,935
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             614,214    +   1,932    +  16,624      614,166

Reserve balances with F.R. Banks  (6)                         7,950    +   2,586    +   2,670       18,249
                                                                
On  February 21, 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 $    703,187 million, a change of $  -   1,772 million for the week. The total includes
$    593,876 million of U.S. government securities and $    109,311 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 $     15,907 million (daily average over statement week) and $     15,876 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     15,907 million (daily average)
   and $     15,876 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        806 million (daily average) and $      1,335 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        553 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 $      6,074 million and adjustments of $        456 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
                                                           Feb 21, 2001     Feb 14, 2001     Feb 23, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                             1,112        -       8        +     687
Loans                                                               32        -       3        -      85
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           28,765        +  11,255        +   4,510
Federal agency obligations (2)          
  Bought outright                                                   10        -     100        -     140
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,912        +   4,194        -  13,414
                   Notes (3)                                   242,437        +   1,497        +  24,594
                   Bonds (4)                                    94,770        +     866        +   9,516
    Total bought outright (5)                                  521,118        +   6,557        +  20,695
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          521,118        +   6,557        +  20,695
       Total loans and securities                              549,925        +  17,709        +  24,980
                          
Items in process of collection                      (637)       14,267        +     770        +     982
Bank premises                                                    1,469                0        +      94
Other assets (6)                                                33,240        -   2,931        +   1,853
                TOTAL ASSETS                        (637)      613,259        +  15,540        +  24,594
                          
                LIABILITIES
Federal Reserve notes                                          554,638        +   1,487        +  16,342
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       24,993        +  13,068        +   8,454
  U.S. Treasury--general account                                 4,100        -   2,613        -     718
  Foreign--official accounts                                        77        +       5        -      30
    Other                                             (0)          256        -      30        +      18
      Total deposits                                  (0)       29,427        +  10,431        +   7,724
Deferred availability cash items                    (637)       11,259        +   3,608        +   1,203
Other liabilities and accrued dividends (7)                      3,907        -      73        -     782
                TOTAL LIABILITIES                   (637)      599,231        +  15,453        +  24,487
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,014        +       2        +     317
Surplus                                                          6,367        +      34        -      64
Other capital accounts                                             648        +      53        -     144

*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 $      5,552 million of inflation-indexed securities valued at the original face amount and 
   $        430 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      1,834 million of inflation-indexed securities valued at the original face amount and 
   $        123 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     15,876 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,335 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,  February 21, 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              32       17,859   -   4,191            0           0       24,760           0
16 to 90 days                0      118,797   +   5,832            0           0        4,005           0
91 days to 1 year            0      121,988   +   1,144            0           0     ------      ------
Over 1 to 5 years                   134,992   +   4,746           10   -     100     ------      ------
Over 5 to 10 years                   54,894   -   1,855            0           0     ------      ------
Over 10 years                        72,589   +     882            0           0     ------      ------
                   		 	
Total                       32      521,118   +   6,557           10   -     100       28,765           0

1  Includes $      7,386 million of inflation-indexed securities valued at the original face amount and 
   $        553 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  February 21, 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        535      4,428        414        520        750        802      1,064        359        158        340        514      1,162
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,112         63         75         63         75        141        109        141         61         45         76        110        152
                       
Loans                                             32          1          0          0          0          0          1         21          2          1          3          1          2
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          28,765          0     28,765          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                     183,912     10,558     70,990      7,660     10,292     10,796     12,242     21,999      6,986        774      6,129      5,442     20,044
                   Notes (3)                 242,437     13,918     93,581     10,098     13,567     14,232     16,137     28,999      9,209      1,021      8,079      7,173     26,423
                   Bonds (4)                  94,770      5,441     36,581      3,947      5,303      5,563      6,308     11,336      3,600        399      3,158      2,804     10,329
     Total bought outright(5)                521,118     29,917    201,153     21,705     29,162     30,591     34,687     62,333     19,796      2,194     17,366     15,419     56,796
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             521,118     29,917    201,153     21,705     29,162     30,591     34,687     62,333     19,796      2,194     17,366     15,419     56,796
       Total loans and securities            549,925     29,918    229,922     21,705     29,163     30,591     34,688     62,356     19,798      2,194     17,369     15,420     56,800
                       
Items in process of collection                14,905      1,231      1,740        702        695      1,045      1,467      1,169        578      1,037      1,050        757      3,433
Bank premises                                  1,469         94        167         50        154        128        257        104         36        125         49        138        168
Other assets(5)                               33,240      1,678     11,336      1,182      1,946      4,824      2,159      3,199        910        706        930        925      3,448
Interdistrict settlement account                   0    + 3,910    + 9,324    -     8    + 1,199    + 3,767    + 1,398    - 1,654    - 1,190    +   733    - 2,009    - 7,570    - 7,900
          TOTAL ASSETS                       613,897     37,543    257,865     24,192     33,855     41,393     41,047     66,590     20,623      5,028     17,871     10,392     57,496

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 $      5,552 million of inflation-indexed securities valued at the original face amount and  $        430 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      1,834 million of inflation-indexed securities valued at the original face amount and  $        123 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     15,876 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,335 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  February 21, 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                         554,638     32,222    239,152     22,487     30,763     35,141     36,967     60,354     19,049      2,754     16,321      8,836     50,592
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      24,993      3,391      8,326        501      1,431      1,887      1,410      3,386        755      1,021        522        604      1,759
  U.S. Treasury--general account                4,100          0      4,100          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       77          2         54          1          2          7          2          3          1          1          1          1          3
  Other                                           256          4        136          2          3         86          1          2          2          1         14          2          6
    Total deposits                             29,427      3,397     12,615        504      1,436      1,981      1,413      3,390        757      1,023        537        607      1,768
Deferred credit items                          11,896        918      1,578        534        476      1,033      1,340        958        353        679        479        450      3,096
Other liabilities and accrued                 
  dividends (2)                                 3,907        233      1,323        177        221        275        306        441        165         66        156        144        400
    TOTAL LIABILITIES                         599,868     36,771    254,669     23,702     32,896     38,430     40,026     65,143     20,325      4,523     17,492     10,037     55,856
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,014        369      1,468        238        457      1,680        488        688        138        372        180        150        784
Surplus                                         6,367        358      1,468        228        472      1,283        495        632        138        134        179        188        792
Other capital accounts                            648         45        261         24         31          0         38        127         22          0         20         17         63
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              613,897     37,543    257,865     24,192     33,855     41,393     41,047     66,590     20,623      5,028     17,871     10,392     57,496
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        745,316     37,086    298,580     31,317     36,525     51,263     59,464     70,700     23,030      9,392     21,400     31,637     74,921
  Less--Held by F.R. Banks                    190,678      4,864     59,428      8,830      5,762     16,122     22,497     10,346      3,980      6,638      5,079     22,801     24,329
  F.R. notes, net                             554,638     32,222    239,152     22,487     30,763     35,141     36,967     60,354     19,049      2,754     16,321      8,836     50,592
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        541,393
     Total collateral                         554,638

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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