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

March 7, 2002

Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks
Millions of dollars Reserve balances of depository institutions at F.R. Banks, Reserve Bank credit, and related items Reserve Bank Credit U.S. government securities (1) Bought outright-system account (2,3) Held under repurchase agreements Federal agency obligations (1) Bought outright Held under repurchase agreements Repurchase agreements — triparty (4) Acceptances Loans to depository institutions Adjustment credit Seasonal credit Extended credit Float Other F.R. assets Gold stock Special drawing rights certificate account Treasury currency outstanding Total factors supplying reserve funds Currency in circulation* Reverse repurchase agreements — triparty (4) Treasury cash holdings* Deposits, other than reserve balances, with F.R. Banks Treasury Foreign Service-related balances and adjustments (5) Other Other F.R. liabilities and capital Total factors, other than reserve balances, absorbing reserve funds Reserve balances with F.R. Banks (6) Week ended Mar 6, 2002 636,234 568,510 0 10 0 32,392 0 13 14 0 -373 35,670 11,044 2,200 33,321 682,800 638,315 0 415 5,473 124 9,048 248 18,007 671,629 11,171 Averages of daily figures Change from week ended Feb 27, 2002 Mar 7, 2001 + + 4,235 1,178 0 0 0 3,536 0 8 2 0 407 81 0 0 14 4,250 701 0 5 777 3 15 30 120 1,614 2,636 + + 58,505 46,836 0 0 0 12,318 0 65 7 0 1,560 985 2 0 1,192 59,695 53,823 0 90 514 37 2,322 3 166 56,436 3,260 Wednesday Mar 6, 2002 641,427 570,091 0 10 0 35,249 0 10 18 0 -58 36,107 11,044 2,200 33,321 687,992 640,152 0 419 5,410 75 9,048 241 18,252 673,596 14,396

+

+

+ + -

+ + + + + + + + +

+ + + + + + + + +

On March 6, 2002, 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 $ 747,036 million, a change of $ + 13,657 million for the week. The total includes $ 606,054 million of U.S. government securities and $ 140,983 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 $ 19,274 million (daily average over statement week) and $ 18,434 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,274 million (daily average) and $ 18,434 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 729 million (daily average) and $ 0 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 931 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 $ 8,873 million and adjustments of $ 176 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.

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks
Millions of dollars Eliminations from Consolidation ASSETS Gold certificate account Special drawing rights certificate account Coin Loans Acceptances Repurchase agreements — triparty (1) Federal agency obligations (2) Bought outright Held under repurchase agreements U.S. government securities (2) Bought outright— Bills Notes (3) Bonds (4) Total bought outright (5) Held under repurchase agreements Total U.S. government securities Total loans and securities Items in process of collection Bank premises Other assets (6) TOTAL ASSETS LIABILITIES Federal Reserve notes Reverse repurchase agreements — triparty (1) Deposits Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred availability cash items Other liabilities and accrued dividends (7) TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts Change Since Wednesday Mar 6, 2002 11,044 2,200 1,111 28 0 35,249 10 0 190,971 274,981 104,138 570,091 0 570,091 605,378 8,626 1,509 34,611 664,480 + + + + + + + + Wednesday Feb 27, 2002 0 0 14 6 0 3,250 0 0 676 712 0 1,389 0 1,389 4,645 1,589 0 156 6,377 + + + + + + + + + Wednesday Mar 7, 2001 + 2 0 6 94 0 14,309 0 0 6,258 31,942 8,839 47,040 0 47,040 61,255 416 32 1,149 62,015

+ +

(1,041)

(1,041)

608,361 0 23,837 5,410 75 241 29,562 8,305 2,373 648,601

+

1,457 0 3,022 502 4 29 3,548 774 12 5,791

+

52,701 0 8,600 343 22 0 8,920 142 1,574 60,189

(0) (0) (1,041) (1,041)

+ + + + + + +

+ + + + +

7,636 7,273 970

+ + +

1 7 578

+ + +

600 886 340

1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued daily at market exchange rates. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Maturity Distribution of Loans and Securities,
Millions of dollars

March 6, 2002
Federal agency obligations(2) Weekly Holdings changes 0 0 0 10 0 0 10 0 0 0 0 0 0 0 Reverse Repurchase Repurchase Agreements— Agreements— Triparty (3) Triparty (3) 29,249 6,000 ——— ——— ——— ——— 35,249 0 0 ——— ——— ——— ——— 0

Loans

U.S. government securities (1,2) Weekly Holdings changes 16,853 129,529 133,416 157,379 51,953 80,960 570,091 + + + + + + 11,630 11,713 527 270 507 1 1,389

Within 15 days 16 days to 90 days 91 days to 1 year Over 1 year to 5 years Over 5 years to 10 years Over 10 years Total

15 14 0 ——— ——— ——— 28

1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 931 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
Millions of dollars Total ASSETS Gold certificate account Special drawing rights certif. acct. Coin Loans Acceptances Repurchase agreements — triparty (1) Federal agency obligations (2) Bought outright Held under repurchase agreements U.S. government securities (2) Bought outright— Bills Notes (3) Bonds (4) Total bought outright (5) Held under repurchase agreements Total U.S. govt. securities Total loans and securities 11,044 2,200 1,111 28 0 35,249 10 0 190,971 274,981 104,138 570,091 0 570,091 605,378 Boston 546 115 67 1 0 0 1 0 11,474 16,521 6,257 34,252 0 34,252 34,253

March 6, 2002
Atlanta 871 166 105 0 0 0 1 0 13,132 18,909 7,161 39,201 0 39,201 39,202 Chicago 1,028 212 137 3 0 0 1 0 21,629 31,144 11,794 64,567 0 64,567 64,571 St. Louis Minneapolis 343 71 58 1 0 0 0 0 6,883 9,911 3,753 20,548 0 20,548 20,549 143 30 37 8 0 0 0 0 596 858 325 1,779 0 1,779 1,787 Kansas City 317 66 82 3 0 0 0 0 5,894 8,487 3,214 17,596 0 17,596 17,600 Dallas 477 98 136 0 0 0 0 0 3,462 4,985 1,888 10,335 0 10,335 10,335 San Francisco 1,136 234 143 13 0 0 1 0 19,240 27,704 10,492 57,435 0 57,435 57,449 2,616 171 3,321 -12,548 52,523

New York Philadelphia Cleveland Richmond 4,450 874 58 0 0 35,249 4 0 78,228 112,641 42,659 233,528 0 233,528 268,781 454 83 58 0 0 0 0 0 7,844 11,295 4,277 23,416 0 23,416 23,416 538 104 62 0 0 0 1 0 11,180 16,099 6,097 33,376 0 33,376 33,376 741 147 169 0 0 0 1 0 11,409 16,427 6,221 34,057 0 34,057 34,058

Items in process of collection 9,667 502 980 536 404 699 849 394 614 755 499 818 Bank premises 1,509 92 177 49 151 131 280 106 43 123 49 137 Other assets (6) 34,611 1,854 12,482 1,183 2,359 4,672 2,286 3,500 930 387 935 700 Interdistrict settlement account 0 - 3,353 -17,198 - 3,492 - 3,497 +13,395 + 4,050 + 2,922 456 +12,485 435 + 8,127 TOTAL ASSETS 665,521 34,077 270,604 22,287 33,497 54,013 47,809 72,871 22,152 15,748 19,113 20,827 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 $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 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
Millions of dollars Total LIABILITIES Federal Reserve notes Reverse repurchase agreements—triparty (1) Deposits Depository institutions U.S. Treasury—general account Foreign—official accounts Other Total deposits Deferred credit items Other liabilities and accrued dividends (2) TOTAL LIABILITIES CAPITAL ACCOUNTS Capital paid in Surplus Other capital accounts TOTAL LIABILITIES AND CAPITAL ACCOUNTS FEDERAL RESERVE AGENTS’ ACCOUNTS 608,361 0 23,837 5,410 75 241 29,562 9,346 2,373 649,642 Boston 30,661 0 1,683 0 2 12 1,697 670 147 33,175

March 6, 2002
Atlanta 43,972 0 1,635 0 2 0 1,638 970 194 46,774 Chicago 67,593 0 2,722 0 3 1 2,726 625 249 71,193 St. Louis Minneapolis 20,802 0 621 0 1 7 629 290 105 21,826 13,918 0 766 0 1 0 767 615 63 15,362 Kansas City 17,305 0 886 0 1 9 896 409 98 18,708 Dallas 19,342 0 635 0 1 2 638 416 86 20,482 San Francisco 46,373 0 1,640 0 3 3 1,646 2,612 207 50,838

New York Philadelphia Cleveland Richmond 250,915 0 8,702 5,410 51 128 14,291 1,034 753 266,992 20,746 0 439 0 1 1 441 513 118 21,818 30,005 0 1,509 0 3 0 1,513 424 140 32,081 46,728 0 2,597 0 7 77 2,681 768 215 50,393

7,636 7,273 970 665,521

429 418 54 34,077

1,673 1,504 434 270,604

222 221 26 22,287

682 665 70 33,497

1,762 1,757 101 54,013

447 535 53 47,809

799 793 86 72,871

150 149 27 22,152

306 79 0 15,748

193 191 22 19,113

166 164 15 20,827

805 796 84 52,523

F.R. notes outstanding 750,375 35,511 295,303 27,789 34,361 56,445 63,171 74,499 23,741 16,117 21,649 33,877 Less—Held by F.R. Banks 142,014 4,850 44,388 7,043 4,357 9,716 19,199 6,906 2,939 2,199 4,343 14,535 F.R. notes, net 608,361 30,661 250,915 20,746 30,005 46,728 43,972 67,593 20,802 13,918 17,305 19,342 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) 595,117 Total collateral 608,361 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and 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.

67,912 21,538 46,373