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 Federal Reserve Banks November 29, 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 Nov 28, 2001 Nov 21, 2001 Nov 29, 2000 Nov 28, 2001 Reserve Bank Credit 621,130 + 1,905 + 47,578 627,158 U.S. government securities (1) Bought outright-system account (2,3) 549,494 + 426 + 35,805 550,765 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 120 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 35,243 + 986 + 10,523 39,350 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 9 - 24 - 39 3 Seasonal credit 33 + 3 - 115 33 Extended credit 0 0 0 0 Float 702 + 101 + 52 1,024 Other F.R. assets 35,639 + 413 + 1,473 35,974 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,113 + 2 + 1,757 33,111 Total factors supplying reserve funds 667,488 + 1,907 + 48,335 673,514 Currency in circulation* 626,232 + 3,247 + 45,743 626,851 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 429 - 7 + 114 434 Deposits,other than reserve balances,with F.R.Banks Treasury 5,074 - 529 + 134 4,313 Foreign 327 + 155 + 253 351 Service-related balances and adjustments (5) 8,158 - 84 + 1,400 8,158 Other 263 - 11 + 34 272 Other F.R. liabilities and capital 17,815 + 49 - 212 17,858 Total factors, other than reserve balances, absorbing reserve funds 658,298 + 2,820 + 47,465 658,237 Reserve balances with F.R. Banks (6) 9,190 - 913 + 869 15,277 On November 28, 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 $ 737,351 million, a change of $ - 3,571 million for the week. The total includes $ 605,995 million of U.S. government securities and $ 131,356 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 $ 19,416 million (daily average over statement week) and $ 18,991 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,416 million (daily average) and $ 18,991 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 3,677 million (daily average) and $ 5,553 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 $ 7,807 million and adjustments of $ 351 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 Nov 28, 2001 Nov 21, 2001 Nov 29, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,046 - 28 + 154 Loans 35 0 - 403 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 39,350 + 3,100 + 13,720 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 185,299 + 644 + 1,482 Notes (3) 262,376 + 901 + 24,572 Bonds (4) 103,090 + 55 + 10,403 Total bought outright (5) 550,765 + 1,599 + 36,457 Held under repurchase agreements 0 0 0 Total U.S. government securities 550,765 + 1,599 + 36,457 Total loans and securities 590,161 + 4,701 + 49,655 Items in process of collection (839) 8,037 - 1,571 + 839 Bank premises 1,519 0 + 78 Other assets (6) 34,779 + 554 + 1,779 TOTAL ASSETS (839) 648,787 + 3,656 + 51,505 LIABILITIES Federal Reserve notes 595,220 + 547 + 44,263 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 23,283 + 3,656 + 6,921 U.S. Treasury--general account 4,313 - 314 - 743 Foreign--official accounts 351 + 188 + 278 Other (0) 272 + 15 + 45 Total deposits (0) 28,219 + 3,545 + 6,501 Deferred availability cash items (839) 7,490 - 688 + 796 Other liabilities and accrued dividends (7) 2,687 - 9 - 1,722 TOTAL LIABILITIES (839) 633,616 + 3,395 + 49,838 CAPITAL ACCOUNTS Capital paid in 7,370 + 89 + 299 Surplus 6,733 + 3 + 4,054 Other capital accounts 1,069 + 170 - 2,685 *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 $ 583 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 368 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,991 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,553 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. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 28, 2001 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 31 23,947 + 2,060 0 0 30,350 0 16 days to 90 days 5 113,309 - 1,710 0 0 9,000 0 91 days to 1 year 0 130,323 + 296 0 0 ------ ------ Over 1 to 5 years 151,091 + 944 10 0 ------ ------ Over 5 to 10 years 53,251 + 6 0 0 ------ ------ Over 10 years 78,845 + 5 0 0 ------ ------ Total 35 550,765 + 1,599 10 0 39,350 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 November 28, 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 11,045 546 4,451 454 538 741 871 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 1,046 54 70 40 62 172 109 120 56 32 68 127 135 Loans 35 0 0 0 2 0 4 14 4 3 7 2 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 39,350 0 39,350 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 185,299 11,133 75,905 7,611 10,848 11,070 12,742 20,987 6,679 578 5,719 3,359 18,668 Notes (3) 262,376 15,764 107,478 10,777 15,361 15,674 18,042 29,716 9,457 819 8,098 4,756 26,434 Bonds (4) 103,090 6,194 42,229 4,234 6,035 6,159 7,089 11,676 3,716 322 3,182 1,869 10,386 Total bought outright(5) 550,765 33,091 225,612 22,622 32,244 32,903 37,872 62,379 19,851 1,718 17,000 9,984 55,488 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 550,765 33,091 225,612 22,622 32,244 32,903 37,872 62,379 19,851 1,718 17,000 9,984 55,488 Total loans and securities 590,161 33,092 264,966 22,623 32,247 32,904 37,877 62,393 19,856 1,721 17,007 9,986 55,490 Items in process of collection 8,876 444 1,181 511 370 583 732 737 412 629 510 353 2,414 Bank premises 1,519 93 175 49 152 133 285 111 42 123 49 137 172 Other assets(6) 34,779 1,791 12,640 1,198 2,056 4,792 2,283 3,266 926 669 939 779 3,441 Interdistrict settlement account 0 - 1,521 -23,290 - 1,228 - 1,537 +11,165 + 4,194 + 6,776 + 1,604 +10,077 - 646 + 3,546 - 9,141 TOTAL ASSETS 649,626 34,614 261,067 23,730 33,991 50,636 46,518 74,643 23,310 13,424 18,309 15,503 53,881 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 $ 583 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 368 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,991 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,553 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 November 28, 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 595,220 31,036 243,908 22,032 30,542 43,911 43,026 68,513 21,289 12,058 16,697 13,974 48,234 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 23,283 2,034 7,303 436 1,601 2,121 1,296 3,580 1,384 435 742 757 1,594 U.S. Treasury--general account 4,313 0 4,313 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 351 2 327 1 2 7 2 3 1 1 1 1 3 Other 272 1 137 1 2 109 2 1 2 0 12 3 2 Total deposits 28,219 2,037 12,080 437 1,604 2,237 1,300 3,584 1,387 437 755 761 1,599 Deferred credit items 8,329 499 1,008 667 368 685 843 655 203 584 353 316 2,147 Other liabilities and accrued dividends (2) 2,687 165 857 120 161 257 222 281 115 63 108 91 248 TOTAL LIABILITIES 634,455 33,738 257,852 23,257 32,675 47,091 45,392 73,032 22,994 13,141 17,912 15,142 52,228 CAPITAL ACCOUNTS Capital paid in 7,370 422 1,499 222 670 1,757 545 775 149 180 190 163 798 Surplus 6,733 358 1,468 228 472 1,679 495 632 138 104 179 188 792 Other capital accounts 1,069 96 248 23 174 110 85 204 29 0 27 10 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 649,626 34,614 261,067 23,730 33,991 50,636 46,518 74,643 23,310 13,424 18,309 15,503 53,881 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 746,906 35,914 287,963 28,786 35,451 55,666 64,804 75,650 24,107 14,367 21,035 33,182 69,980 Less--Held by F.R. Banks 151,686 4,878 44,055 6,754 4,908 11,755 21,777 7,138 2,818 2,310 4,338 19,208 21,747 F.R. notes, net 595,220 31,036 243,908 22,032 30,542 43,911 43,026 68,513 21,289 12,058 16,697 13,974 48,234 Collateral held against F.R. notes Gold certificate account 11,045 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 581,975 Total collateral 595,220 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.