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 11, 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 10, 2002 Apr 3, 2002 Apr 11, 2001 Apr 10, 2002 Reserve Bank Credit 638,804 - 3,329 + 60,419 638,728 U.S. government securities (1) Bought outright-system account (2,3) 576,793 + 1,033 + 54,565 577,486 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) 24,393 - 4,393 + 5,146 23,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 1 - 299 - 4 3 Seasonal credit 42 + 16 + 7 46 Extended credit 0 0 0 0 Float -158 + 126 - 1,219 203 Other F.R. assets 37,724 + 188 + 1,924 37,981 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,213 + 14 + 901 33,213 Total factors supplying reserve funds 685,260 - 3,316 + 61,317 685,185 Currency in circulation* 643,604 + 1,105 + 55,547 644,481 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 400 - 10 - 86 403 Deposits,other than reserve balances,with F.R.Banks Treasury 5,008 - 387 - 2 4,783 Foreign 102 - 85 + 27 269 Service-related balances and adjustments (5) 10,072 + 203 + 3,178 10,072 Other 278 + 29 - 94 267 Other F.R. liabilities and capital 18,732 + 420 + 1,142 18,595 Total factors, other than reserve balances, absorbing reserve funds 678,195 + 1,274 + 59,711 678,870 Reserve balances with F.R. Banks (6) 7,066 - 4,589 + 1,608 6,315 On April 10, 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 $ 750,146 million, a change of $ + 1,352 million for the week. The total includes $ 608,116 million of U.S. government securities and $ 142,031 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 $ 19,919 million (daily average over statement week) and $ 19,361 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,919 million (daily average) and $ 19,361 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 698 million (daily average) and $ 1,684 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 $ 967 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 $ 9,819 million and adjustments of $ 253 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 10, 2002 Apr 3, 2002 Apr 11, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,036 - 27 - 112 Loans 49 - 2,070 + 10 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 23,000 - 4,500 + 4,250 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 193,077 + 256 + 10,677 Notes (3) 279,581 + 6 + 34,984 Bonds (4) 104,827 + 4 + 7,926 Total bought outright (5) 577,486 + 268 + 53,587 Held under repurchase agreements 0 0 0 Total U.S. government securities 577,486 + 268 + 53,587 Total loans and securities 600,544 - 6,304 + 57,846 Items in process of collection (1,200) 7,988 - 201 - 3,282 Bank premises 1,513 + 2 + 23 Other assets (6) 36,237 + 541 + 1,604 TOTAL ASSETS (1,200) 660,562 - 5,989 + 56,078 LIABILITIES Federal Reserve notes 612,707 - 80 + 53,823 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 16,069 - 4,694 + 2,111 U.S. Treasury--general account 4,783 - 1,188 - 345 Foreign--official accounts 269 + 146 + 196 Other (0) 267 - 30 - 79 Total deposits (0) 21,388 - 5,766 + 1,883 Deferred availability cash items (1,200) 7,872 - 290 - 511 Other liabilities and accrued dividends (7) 2,463 + 27 - 1,211 TOTAL LIABILITIES (1,200) 644,430 - 6,110 + 53,984 CAPITAL ACCOUNTS Capital paid in 8,007 + 4 + 964 Surplus 7,274 + 2 + 971 Other capital accounts 850 + 114 + 158 *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 $ 552 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 $ 415 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,361 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,684 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 10, 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 10 14,857 + 1,747 0 0 18,000 0 16 days to 90 days 39 135,462 - 378 0 0 5,000 0 91 days to 1 year 0 134,347 - 1,111 0 0 ------ ------ Over 1 to 5 years 159,240 + 2 10 0 ------ ------ Over 5 to 10 years 52,314 + 4 0 0 ------ ------ Over 10 years 81,267 + 5 0 0 ------ ------ Total 49 577,486 + 268 10 0 23,000 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 967 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 10, 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 11,044 533 4,369 430 522 819 926 1,080 346 179 309 485 1,046 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,036 64 63 57 55 148 81 130 56 39 74 129 140 Loans 49 4 0 0 0 0 0 21 7 10 5 0 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 23,000 0 23,000 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 193,077 11,062 75,968 7,424 10,653 15,059 13,748 22,721 6,865 3,018 5,707 4,285 16,565 Notes (3) 279,581 16,018 110,004 10,751 15,426 21,805 19,907 32,901 9,941 4,371 8,264 6,205 23,987 Bonds (4) 104,827 6,006 41,246 4,031 5,784 8,176 7,464 12,336 3,727 1,639 3,099 2,326 8,994 Total bought outright(5) 577,486 33,087 227,218 22,206 31,863 45,040 41,119 67,959 20,534 9,028 17,070 12,816 49,546 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 577,486 33,087 227,218 22,206 31,863 45,040 41,119 67,959 20,534 9,028 17,070 12,816 49,546 Total loans and securities 600,544 33,091 250,222 22,206 31,863 45,041 41,120 67,980 20,542 9,038 17,075 12,817 49,550 Items in process of collection 9,188 1,061 995 428 827 475 472 657 385 461 540 426 2,461 Bank premises 1,513 92 181 49 152 131 280 107 43 123 49 137 171 Other assets(6) 36,237 1,899 12,850 1,240 2,393 5,105 2,439 3,747 975 617 959 799 3,214 Interdistrict settlement account 0 - 3,769 - 177 - 2,301 - 3,609 + 1,771 + 1,471 - 2,231 - 534 + 4,912 - 387 + 8,194 - 3,339 TOTAL ASSETS 661,762 33,085 269,376 22,192 32,307 53,636 46,955 71,682 21,883 15,398 18,685 23,085 53,477 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 $ 552 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 $ 415 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,361 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,684 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 10, 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 612,707 30,680 253,441 20,641 29,638 46,640 43,788 67,081 20,705 13,919 17,183 21,666 47,325 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,069 729 5,435 424 680 1,934 1,030 1,972 504 539 566 631 1,626 U.S. Treasury--general account 4,783 0 4,783 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 269 2 245 1 3 7 2 3 1 1 1 1 3 Other 267 9 132 0 1 112 0 1 5 0 6 0 1 Total deposits 21,388 740 10,595 425 683 2,054 1,032 1,976 509 539 572 632 1,630 Deferred credit items 9,072 626 990 549 442 729 913 700 244 474 426 350 2,630 Other liabilities and accrued dividends (2) 2,463 148 757 110 140 248 201 261 106 79 98 93 221 TOTAL LIABILITIES 645,630 32,194 265,783 21,726 30,903 49,671 45,934 70,018 21,564 15,012 18,279 22,740 51,807 CAPITAL ACCOUNTS Capital paid in 8,007 430 1,682 223 683 2,114 449 800 151 306 194 167 808 Surplus 7,274 418 1,504 221 665 1,757 535 793 149 81 191 164 796 Other capital accounts 850 43 407 23 56 94 37 71 19 0 21 13 67 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 661,762 33,085 269,376 22,192 32,307 53,636 46,955 71,682 21,883 15,398 18,685 23,085 53,477 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 747,641 35,280 295,909 27,772 34,163 56,093 62,162 73,859 23,986 16,048 21,343 33,975 67,051 Less--Held by F.R. Banks 134,934 4,600 42,468 7,131 4,526 9,453 18,374 6,778 3,281 2,129 4,159 12,310 19,726 F.R. notes, net 612,707 30,680 253,441 20,641 29,638 46,640 43,788 67,081 20,705 13,919 17,183 21,666 47,325 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) 599,463 Total collateral 612,707 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.