---

`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
                                                                                             August 9, 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      Aug 8, 2001  Aug 1, 2001  Aug 9, 2000  Aug 8, 2001

Reserve Bank Credit                                         597,508    +   1,134    +  39,590      604,297
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    536,699    +     626    +  27,987      536,611
    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)                      22,264    -      50    +  10,225       28,495
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            47    +      41    +      31            0
    Seasonal credit                                             179    -      17    -     361          182
    Extended credit                                               0            0            0            0
   Float                                                        280    +     458    -     637          780
   Other F.R. assets                                         38,030    +      76    +   2,475       38,219
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0    -   2,000        2,200
Treasury currency outstanding                                32,688    +      14    +   2,295       32,688
        Total factors supplying reserve funds               643,439    +   1,147    +  39,882      650,229
                                                                   
Currency in circulation*                                    605,412    +   2,972    +  35,670      607,225
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         415    -       3    +     287          417
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,673    -     558    -     118        4,802
  Foreign                                                       106    +      27    +      12           79
  Service-related balances and adjustments (5)                7,602    +     238    +     913        7,601
  Other                                                         310    +       4    +      54          305
Other F.R. liabilities and capital                           18,033    -      24    +   2,680       17,867
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             636,550    +   2,656    +  39,496      638,296

Reserve balances with F.R. Banks  (6)                         6,889    -   1,508    +     385       11,933
                                                                
On     August 8, 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 $    708,649 million, a change of $  +      90 million for the week. The total includes
$    579,532 million of U.S. government securities and $    129,117 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 $     17,745 million (daily average over statement week) and $     17,975 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     17,745 million (daily average)
   and $     17,975 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,910 million (daily average) and $      3,911 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 
   $        884 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 $      7,072 million and adjustments of $        530 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
                                                            Aug 8, 2001      Aug 1, 2001      Aug 9, 2000
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0        -   2,000
Coin                                                             1,115        +       5        +     364
Loans                                                              182        -      10        -     377
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           28,495        +   1,345        +  11,645
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     130
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,212        +     507        -   9,742
                   Notes (3)                                   254,630        +       2        +  23,427
                   Bonds (4)                                   100,769        +       1        +  12,406
    Total bought outright (5)                                  536,611        +     511        +  26,091
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          536,611        +     511        +  26,091
       Total loans and securities                              565,298        +   1,846        +  37,230
                          
Items in process of collection                      (915)        8,263        -      97        +      40
Bank premises                                                    1,507        +       2        +      87
Other assets (6)                                                36,557        +     522        +   2,211
                TOTAL ASSETS                        (915)      625,984        +   2,278        +  37,930
                          
                LIABILITIES
Federal Reserve notes                                          576,069        +   2,333        +  34,623
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,335        -      12        +     667
  U.S. Treasury--general account                                 4,802        +     654        -     105
  Foreign--official accounts                                        79        +       7        -      22
    Other                                             (0)          305        -      25        +      51
      Total deposits                                  (0)       24,520        +     623        +     591
Deferred availability cash items                    (915)        7,528        -     910        +     228
Other liabilities and accrued dividends (7)                      3,069        +      14        -   1,797
                TOTAL LIABILITIES                   (915)      611,186        +   2,060        +  33,645
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,168        +       3        +     276
Surplus                                                          6,729        +       4        +   4,075
Other capital accounts                                             902        +     212        -      65

*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 
   $        567 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 
   $        317 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,975 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,911 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,     August 8, 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              33       17,818   +     860            0           0       22,495           0
16 to 90 days              149      113,193   +   4,795            0           0        6,000           0
91 days to 1 year            0      129,944   -   5,147            0           0     ------      ------
Over 1 to 5 years                   144,732           0           10           0     ------      ------
Over 5 to 10 years                   53,827   +       2            0           0     ------      ------
Over 10 years                        77,097   +       1            0           0     ------      ------
                   		 	
Total                      182      536,611   +     511           10           0       28,495           0

1  Includes $      9,243 million of inflation-indexed securities valued at the original face amount and 
   $        884 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     August 8, 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                                           1,115         68         56         61         71        183        129        135         61         36         69        112        134
                       
Loans                                            182          0          0          0          0          0          7         47         12         74         29          7          7
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          28,495          0     28,495          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                     181,212     10,888     74,230      7,443     10,609     10,826     12,461     20,524      6,531        565      5,593      3,285     18,257
                   Notes (3)                 254,630     15,299    104,305     10,459     14,907     15,212     17,509     28,839      9,178        794      7,859      4,616     25,653
                   Bonds (4)                 100,769      6,054     41,278      4,139      5,900      6,020      6,929     11,413      3,632        314      3,110      1,827     10,152
     Total bought outright(5)                536,611     32,241    219,814     22,041     31,416     32,057     36,899     60,775     19,341      1,674     16,563      9,728     54,062
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             536,611     32,241    219,814     22,041     31,416     32,057     36,899     60,775     19,341      1,674     16,563      9,728     54,062
       Total loans and securities            565,298     32,241    248,313     22,041     31,416     32,058     36,907     60,824     19,353      1,748     16,592      9,735     54,070
                       
Items in process of collection                 9,178        657        822        479        384        694        650        653        375        547        492        847      2,579
Bank premises                                  1,507         93        168         50        153        132        285        106         38        124         49        137        173
Other assets(5)                               36,557      1,910     13,283      1,306      2,163      4,882      2,420      3,478        995        672        997        814      3,636
Interdistrict settlement account                   0    -   412    - 5,105    - 1,141    - 1,991    + 9,773    + 1,769    + 1,899    -   531    + 4,483    - 1,065    +   899    - 8,576
          TOTAL ASSETS                       626,899     35,219    262,860     23,333     32,839     48,610     43,195     68,334     20,705      7,784     17,517     13,119     53,385

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  $        567 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  $        317 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,975 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,911 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     August 8, 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                         576,069     32,213    246,422     21,826     29,941     42,693     39,694     63,216     19,443      6,087     15,985     11,756     46,792
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,335      1,330      6,203        472      1,387      1,336      1,315      2,610        569        628        621        589      2,273
  U.S. Treasury--general account                4,802          0      4,802          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       79          2         55          1          2          7          2          3          1          1          1          1          3
  Other                                           305          4        126          0          1        167          3          1          0          0          2          0          1
    Total deposits                             24,520      1,336     11,186        473      1,389      1,511      1,320      2,614        570        630        624        590      2,277
Deferred credit items                           8,443        612      1,024        421        409        714        810        654        245        527        391        316      2,321
Other liabilities and accrued                 
  dividends (2)                                 3,069        187      1,032        138        178        238        254        324        129         64        122         98        305
    TOTAL LIABILITIES                         612,101     34,348    259,664     22,859     31,917     45,155     42,079     66,808     20,387      7,307     17,122     12,760     51,696
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,168        417      1,467        222        411      1,700        537        729        148        377        188        160        813
Surplus                                         6,729        358      1,468        228        472      1,679        495        632        138        100        179        188        792
Other capital accounts                            902         96        262         25         39         76         84        166         31          0         28         11         84
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              626,899     35,219    262,860     23,333     32,839     48,610     43,195     68,334     20,705      7,784     17,517     13,119     53,385
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        738,174     36,113    291,609     29,635     35,492     55,337     62,553     71,618     22,896      9,057     20,007     31,936     71,922
  Less--Held by F.R. Banks                    162,105      3,900     45,187      7,809      5,551     12,644     22,858      8,402      3,453      2,970      4,022     20,180     25,130
  F.R. notes, net                             576,069     32,213    246,422     21,826     29,941     42,693     39,694     63,216     19,443      6,087     15,985     11,756     46,792
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        562,825
     Total collateral                         576,069

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.`

---