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 April 4, 2002 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 Apr 3, 2002 Mar 27, 2002 Apr 4, 2001 Apr 3, 2002 Reserve Bank Credit 642,146 + 6,938 + 61,325 643,965 U.S. government securities (1) Bought outright-system account (2,3) 575,760 + 20 + 52,433 577,218 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 0 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 28,786 + 6,572 + 7,302 27,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 300 + 286 + 219 2,083 Seasonal credit 26 + 6 + 8 37 Extended credit 0 0 0 0 Float -283 - 114 - 442 -307 Other F.R. assets 37,547 + 167 + 1,804 37,424 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,199 + 14 + 928 33,199 Total factors supplying reserve funds 688,588 + 6,951 + 62,250 690,408 Currency in circulation* 642,499 + 2,317 + 55,709 644,524 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 410 - 12 - 69 399 Deposits,other than reserve balances,with F.R.Banks Treasury 5,395 + 197 - 276 5,971 Foreign 187 + 101 + 95 123 Service-related balances and adjustments (5) 9,869 - 312 + 3,112 9,869 Other 249 + 44 - 54 297 Other F.R. liabilities and capital 18,312 + 216 + 758 18,447 Total factors, other than reserve balances, absorbing reserve funds 676,921 + 2,550 + 59,274 679,631 Reserve balances with F.R. Banks (6) 11,668 + 4,402 + 2,977 10,777 On April 3, 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 $ 748,794 million, a change of $ + 8,071 million for the week. The total includes $ 609,197 million of U.S. government securities and $ 139,596 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 $ 19,527 million (daily average over statement week) and $ 19,279 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,527 million (daily average) and $ 19,279 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,526 million (daily average) and $ 2,433 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 $ 956 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 $ 9,631 million and adjustments of $ 238 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 Apr 3, 2002 Mar 27, 2002 Apr 4, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,063 - 15 - 91 Loans 2,119 + 2,097 + 1,941 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,500 + 3,500 + 6,000 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 192,821 - 283 + 8,639 Notes (3) 279,575 + 1,114 + 35,790 Bonds (4) 104,823 + 295 + 8,865 Total bought outright (5) 577,218 + 1,125 + 53,293 Held under repurchase agreements 0 0 0 Total U.S. government securities 577,218 + 1,125 + 53,293 Total loans and securities 606,848 + 6,723 + 61,236 Items in process of collection (1,081) 8,189 + 897 - 1,081 Bank premises 1,511 0 + 23 Other assets (6) 35,696 - 146 + 1,694 TOTAL ASSETS (1,081) 666,551 + 7,459 + 61,779 LIABILITIES Federal Reserve notes 612,787 + 2,248 + 54,808 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,763 + 2,664 + 5,800 U.S. Treasury--general account 5,971 + 962 + 830 Foreign--official accounts 123 + 52 - 27 Other (0) 297 + 94 - 79 Total deposits (0) 27,154 + 3,772 + 6,524 Deferred availability cash items (1,081) 8,162 + 903 - 759 Other liabilities and accrued dividends (7) 2,436 - 4 - 1,312 TOTAL LIABILITIES (1,081) 650,540 + 6,921 + 59,261 CAPITAL ACCOUNTS Capital paid in 8,003 + 353 + 972 Surplus 7,272 + 2 + 1,009 Other capital accounts 736 + 184 + 537 *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 $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 546 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 $ 410 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,279 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,433 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, April 3, 2002 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 2,087 13,110 - 10,435 0 0 22,500 0 16 days to 90 days 32 135,840 + 9,774 0 0 5,000 0 91 days to 1 year 0 135,458 + 1,681 0 0 ------ ------ Over 1 to 5 years 159,238 + 40 10 0 ------ ------ Over 5 to 10 years 52,310 + 61 0 0 ------ ------ Over 10 years 81,262 + 3 0 0 ------ ------ Total 2,119 577,218 + 1,125 10 0 27,500 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 956 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 April 3, 2002 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 1,063 67 61 58 59 152 86 132 57 38 78 132 143 Loans 2,119 1 0 3 1,180 0 340 147 435 9 1 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,500 0 27,500 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 192,821 11,585 78,986 7,920 11,289 11,519 13,259 21,838 6,950 602 5,951 3,496 19,426 Notes (3) 279,575 16,797 114,523 11,483 16,368 16,702 19,224 31,664 10,077 872 8,629 5,068 28,167 Bonds (4) 104,823 6,298 42,939 4,305 6,137 6,262 7,208 11,872 3,778 327 3,235 1,900 10,561 Total bought outright(5) 577,218 34,681 236,448 23,709 33,793 34,483 39,691 65,375 20,805 1,801 17,816 10,464 58,153 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 577,218 34,681 236,448 23,709 33,793 34,483 39,691 65,375 20,805 1,801 17,816 10,464 58,153 Total loans and securities 606,848 34,682 263,952 23,712 34,974 34,484 40,032 65,523 21,240 1,810 17,817 10,464 58,158 Items in process of collection 9,270 530 805 431 534 582 757 657 348 569 504 616 2,938 Bank premises 1,511 92 180 49 152 131 280 107 43 123 49 136 171 Other assets(6) 35,696 1,915 12,940 1,266 2,418 4,730 2,358 3,610 965 389 964 716 3,426 Interdistrict settlement account 0 - 4,030 -12,640 - 3,834 - 5,969 +13,539 + 3,272 + 435 - 1,054 +12,629 - 573 +10,632 -12,407 TOTAL ASSETS 667,632 33,917 270,622 22,218 32,809 54,505 47,822 71,703 22,013 15,732 19,221 23,271 53,799 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 $ 546 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 $ 410 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,279 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,433 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 April 3, 2002 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 612,787 30,579 252,866 20,726 29,817 46,367 44,068 67,287 20,839 13,887 17,390 21,579 47,383 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,763 1,628 6,228 372 977 3,193 1,545 1,870 487 883 903 869 1,809 U.S. Treasury--general account 5,971 0 5,971 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 123 2 99 1 3 7 2 3 1 1 1 1 3 Other 297 14 132 0 0 126 0 1 17 0 6 0 1 Total deposits 27,154 1,644 12,430 373 981 3,326 1,547 1,873 504 884 909 870 1,813 Deferred credit items 9,243 655 988 544 471 677 992 634 246 512 422 393 2,709 Other liabilities and accrued dividends (2) 2,436 148 769 111 142 225 198 254 106 64 99 86 234 TOTAL LIABILITIES 651,621 33,025 267,053 21,754 31,411 50,596 46,805 70,048 21,695 15,346 18,821 22,927 52,139 CAPITAL ACCOUNTS Capital paid in 8,003 430 1,682 223 683 2,111 448 800 150 307 194 168 807 Surplus 7,272 418 1,504 221 665 1,757 535 793 149 78 191 164 796 Other capital accounts 736 44 382 20 50 41 34 62 19 0 15 12 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 667,632 33,917 270,622 22,218 32,809 54,505 47,822 71,703 22,013 15,732 19,221 23,271 53,799 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 747,105 35,282 294,414 27,857 34,211 55,965 62,457 73,994 24,041 16,076 21,400 34,060 67,347 Less--Held by F.R. Banks 134,318 4,704 41,547 7,131 4,394 9,598 18,390 6,707 3,202 2,189 4,010 12,482 19,964 F.R. notes, net 612,787 30,579 252,866 20,726 29,817 46,367 44,068 67,287 20,839 13,887 17,390 21,579 47,383 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) 599,543 Total collateral 612,787 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.