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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
                                                                                            January 4, 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      Jan 3, 2001 Dec 27, 2000  Jan 5, 2000  Jan 3, 2001

Reserve Bank Credit                                         590,853    +   6,538    -  46,048      581,902
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    512,158    -   3,437    +  31,296      513,278
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                             130            0    -      51          130
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      40,939    +   9,180    -  79,197       30,475
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            25    -      16    -     180           10
    Seasonal credit                                              73    -      39    +      29           49
    Extended credit                                               0            0            0            0
   Float                                                      1,136    -      48    +     683        2,189
   Other F.R. assets                                         36,392    +     898    +   1,424       35,772
Gold stock                                                   11,046            0    -       2       11,046
Special drawing rights certificate account                    2,200            0    -   4,000        2,200
Treasury currency outstanding                                31,219    +      14    +   3,206       31,219
        Total factors supplying reserve funds               635,318    +   6,552    -  46,844      626,367
                                                                   
Currency in circulation*                                    593,189    +   3,774    -  32,708      592,710
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         450    +      34    +     339          453
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,312    +     972    -  15,631        3,832
  Foreign                                                       156    +      53    +      80           76
  Service-related balances and adjustments (5)                7,428    +     192    -     437        7,428
  Other                                                       1,054    +     796    +      98          204
Other F.R. liabilities and capital                           17,884    -     533    +     341       17,543
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             625,474    +   5,288    -  47,917      622,245

Reserve balances with F.R. Banks  (6)                         9,845    +   1,264    +   1,074        4,123
                                                                
On    January 3, 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 $    691,543 million, a change of $  -     319 million for the week. The total includes
$    589,207 million of U.S. government securities and $    102,336 million of federal agency securities. The total includes the face value of
U.S. Treasury strips and other zero coupon bonds.
1  Face value of the securities.
2  Net of $     20,213 million (daily average over statement week) and $     17,985 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     20,213 million (daily average)
   and $     17,985 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,397 million (daily average) and $      2,250 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        531 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 $      6,332 million and adjustments of $      1,096 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
                                                            Jan 3, 2001     Dec 27, 2000      Jan 5, 2000
                ASSETS
Gold certificate account                                        11,046                0        -       2
Special drawing rights certificate account                       2,200                0        -   4,000
Coin                                                               935        -      11        +     735
Loans                                                               58        -      59        -     122
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           30,475        -  13,510        -  61,170
Federal agency obligations (2)          
  Bought outright                                                  130                0        -      51
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       181,876        -     654        -   3,626
                   Notes (3)                                   238,618        -   1,558        +  20,150
                   Bonds (4)                                    92,784                0        +   9,806
    Total bought outright (5)                                  513,278        -   2,213        +  26,330
  Held under repurchase agreements (1)                               0                0                0
     Total U.S. government securities                          513,278        -   2,213        +  26,330
       Total loans and securities                              543,941        -  15,782        -  35,014
                          
Items in process of collection                      (752)       13,884        +   3,797        +   5,525
Bank premises                                                    1,461        +       6        +      95
Other assets (6)                                                34,404        +     136        +     676
                TOTAL ASSETS                        (752)      607,871        -  11,853        -  31,986
                          
                LIABILITIES
Federal Reserve notes                                          562,879        -     281        -  26,060
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       12,058        -  12,729        +   1,919
  U.S. Treasury--general account                                 3,832        -   1,488        -  11,302
  Foreign--official accounts                                        76        -       7        -       6
    Other                                             (0)          204        -      31        +       1
      Total deposits                                  (0)       16,169        -  14,257        -   9,389
Deferred availability cash items                    (752)       11,280        +   3,203        +   3,508
Other liabilities and accrued dividends (7)                      4,091        -     250        -     170
                TOTAL LIABILITIES                   (752)      594,419        -  11,584        -  32,111
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  6,997        -      27        +     555
Surplus                                                          6,188        +   3,509        -     244
Other capital accounts                                             267        -   3,751        -     186

*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 $      5,367 million of inflation-indexed securities valued at the original face amount and 
   $        426 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and 
   $        104 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,985 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,250 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,    January 3, 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              28       17,020   -   2,869            0           0       24,475           0
16 to 90 days               31      113,973   +   3,141            0           0        6,000           0
91 days to 1 year            0      124,691   -     929            0           0     ------      ------
Over 1 to 5 years                   131,235   -   1,557          130           0     ------      ------
Over 5 to 10 years                   55,462   +       1            0           0     ------      ------
Over 10 years                        70,897   +       1            0           0     ------      ------
                   		 	
Total                       58      513,278   -   2,213          130           0       30,475           0

1  Includes $      6,905 million of inflation-indexed securities valued at the original face amount and 
   $        531 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    January 3, 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                                             935         47         75         52         65        115         79        113         49         32         66         87        155
                       
Loans                                             58          0          0          0          0          0          2         13         13          0         22          4          5
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          30,475          0     30,475          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                130          7         50          5          7          8          9         16          5          1          4          4         14
  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                     181,876     10,441     70,205      7,575     10,178     10,677     12,106     21,755      6,909        766      6,061      5,381     19,823
                   Notes (3)                 238,618     13,699     92,107      9,939     13,353     14,007     15,883     28,542      9,064      1,005      7,952      7,060     26,007
                   Bonds (4)                  92,784      5,327     35,815      3,865      5,192      5,447      6,176     11,098      3,525        391      3,092      2,745     10,113
     Total bought outright(5)                513,278     29,466    198,126     21,378     28,724     30,131     34,165     61,396     19,498      2,161     17,105     15,187     55,942
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             513,278     29,466    198,126     21,378     28,724     30,131     34,165     61,396     19,498      2,161     17,105     15,187     55,942
       Total loans and securities            543,941     29,474    228,652     21,384     28,731     30,138     34,176     61,424     19,516      2,162     17,131     15,194     55,960
                       
Items in process of collection                14,636      1,359      1,698        579        642      1,079      1,184      1,239        610      1,128        888        508      3,722
Bank premises                                  1,461         93        166         51        154        128        251        104         35        126         49        138        166
Other assets(5)                               34,404      1,632     11,605      1,235      2,019      5,282      2,236      3,304      1,008        680        992      1,043      3,368
Interdistrict settlement account                   0    + 1,686    + 4,998    +   922    + 1,520    + 2,493    + 2,787    - 2,194    -   953    -   370    - 1,143    - 6,586    - 3,159
          TOTAL ASSETS                       608,623     34,940    252,495     24,719     33,756     40,133     41,682     65,267     20,695      3,945     18,388     10,996     61,608

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 $      5,367 million of inflation-indexed securities valued at the original face amount and  $        426 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      1,538 million of inflation-indexed securities valued at the original face amount and  $        104 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,985 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,250 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    January 3, 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                         562,879     32,184    240,853     23,068     31,254     34,109     38,488     61,191     19,400      1,581     16,680      9,537     54,532
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      12,058        898      1,770        422        814      1,968        814      1,284        460        952        597        524      1,555
  U.S. Treasury--general account                3,832          0      3,832          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       76          1         52          1          2          8          2          3          1          1          1          1          3
  Other                                           204          1        137          2          2         25          4          1          1          1         24          1          4
    Total deposits                             16,169        901      5,791        425        818      2,002        819      1,287        463        954        622        526      1,561
Deferred credit items                          12,032        878      1,390        573        492        954      1,053      1,026        374        843        557        399      3,492
Other liabilities and accrued                 
  dividends (2)                                 4,091        248      1,406        187        233        279        314        468        172         64        161        149        411
    TOTAL LIABILITIES                         595,171     34,210    249,441     24,252     32,797     37,345     40,675     63,973     20,409      3,442     18,021     10,611     59,996
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 6,997        358      1,467        228        472      1,679        495        632        138        368        179        188        792
Surplus                                         6,188        358      1,468        228        472      1,103        495        632        138        135        179        188        792
Other capital accounts                            267         14        120         10         15          7         16         31         10          0          9          8         28
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              608,623     34,940    252,495     24,719     33,756     40,133     41,682     65,267     20,695      3,945     18,388     10,996     61,608
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        751,176     36,954    301,012     31,615     36,400     50,762     60,319     70,721     23,186      9,581     21,604     32,267     76,756
  Less--Held by F.R. Banks                    188,297      4,770     60,159      8,547      5,146     16,652     21,830      9,529      3,786      8,000      4,924     22,730     22,224
  F.R. notes, net                             562,879     32,184    240,853     23,068     31,254     34,109     38,488     61,191     19,400      1,581     16,680      9,537     54,532
Collateral held against F.R. notes            
   Gold certificate account                    11,046
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        5,750
   U.S. govt. and agency securities(3)        543,883
     Total collateral                         562,879

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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