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 October 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 Oct 3, 2001 Sep 26, 2001 Oct 4, 2000 Oct 3, 2001 Reserve Bank Credit 613,015 + 1,734 + 50,135 608,315 U.S. government securities (1) Bought outright-system account (2,3) 534,515 + 3,517 + 23,163 537,834 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) 41,250 + 1,917 + 26,736 32,755 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 11 - 1,054 - 24 0 Seasonal credit 83 + 16 - 284 85 Extended credit 0 0 0 0 Float -542 - 2,571 - 1,479 173 Other F.R. assets 37,689 - 89 + 2,143 37,459 Gold stock 11,045 + 2 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 32,852 + 14 + 2,041 32,852 Total factors supplying reserve funds 659,111 + 1,749 + 51,175 654,412 Currency in circulation* 612,993 + 191 + 43,399 615,083 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 422 - 7 + 237 426 Deposits,other than reserve balances,with F.R.Banks Treasury 7,728 - 734 + 906 5,972 Foreign 619 + 14 + 501 609 Service-related balances and adjustments (5) 8,016 - 124 + 1,122 8,016 Other 235 - 63 + 23 283 Other F.R. liabilities and capital 17,855 - 932 + 2,620 17,663 Total factors, other than reserve balances, absorbing reserve funds 647,868 - 1,655 + 48,808 648,052 Reserve balances with F.R. Banks (6) 11,244 + 3,405 + 2,367 6,360 On October 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 $ 727,423 million, a change of $ - 2,775 million for the week. The total includes $ 598,172 million of U.S. government securities and $ 129,251 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 $ 24,936 million (daily average over statement week) and $ 21,373 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 24,936 million (daily average) and $ 21,373 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 10,517 million (daily average) and $ 8,234 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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 $ 7,651 million and adjustments of $ 365 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 Oct 3, 2001 Sep 26, 2001 Oct 4, 2000 ASSETS Gold certificate account 11,045 + 2 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,122 + 6 + 296 Loans 85 - 10 - 263 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 32,755 - 18,535 + 20,380 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 179,276 + 11,494 - 5,068 Notes (3) 256,557 - 475 + 20,832 Bonds (4) 102,001 - 2 + 10,669 Total bought outright (5) 537,834 + 11,017 + 26,432 Held under repurchase agreements (1) 0 0 0 Total U.S. government securities 537,834 + 11,017 + 26,432 Total loans and securities 570,684 - 7,528 + 46,429 Items in process of collection (962) 10,074 + 2,181 - 188 Bank premises 1,509 - 1 + 79 Other assets (6) 35,833 - 511 + 1,696 TOTAL ASSETS (962) 632,467 - 5,851 + 47,312 LIABILITIES Federal Reserve notes 583,780 + 1,651 + 41,876 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,378 - 5,149 + 310 U.S. Treasury--general account 5,972 - 3,696 + 1,154 Foreign--official accounts 609 - 26 + 535 Other (0) 283 + 46 + 16 Total deposits (0) 22,242 - 8,825 + 2,015 Deferred availability cash items (962) 8,782 + 1,419 + 643 Other liabilities and accrued dividends (7) 2,926 - 18 - 1,397 TOTAL LIABILITIES (962) 617,730 - 5,772 + 43,136 CAPITAL ACCOUNTS Capital paid in 7,266 + 58 + 323 Surplus 6,745 - 15 + 4,066 Other capital accounts 725 - 123 - 214 *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 $ 557 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 312 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,373 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 8,234 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, October 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 15 15,876 - 5,994 0 0 22,250 0 16 to 90 days 70 116,513 + 18,141 0 0 10,505 0 91 days to 1 year 0 129,490 - 628 0 0 ------ ------ Over 1 to 5 years 141,805 - 499 10 0 ------ ------ Over 5 to 10 years 55,570 - 2 0 0 ------ ------ Over 10 years 78,579 - 2 0 0 ------ ------ Total 85 537,834 + 11,017 10 0 32,755 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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 October 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 11,045 546 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 1,122 58 67 50 68 183 137 132 59 36 70 120 142 Loans 85 0 0 0 0 0 7 28 3 27 15 3 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 32,755 0 32,755 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 179,276 10,771 73,437 7,364 10,496 10,710 12,328 20,304 6,462 559 5,533 3,250 18,062 Notes (3) 256,557 15,414 105,094 10,538 15,020 15,327 17,642 29,057 9,247 800 7,919 4,651 25,847 Bonds (4) 102,001 6,128 41,783 4,190 5,972 6,094 7,014 11,552 3,676 318 3,148 1,849 10,276 Total bought outright(5) 537,834 32,314 220,314 22,091 31,487 32,130 36,983 60,914 19,385 1,678 16,600 9,750 54,185 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 537,834 32,314 220,314 22,091 31,487 32,130 36,983 60,914 19,385 1,678 16,600 9,750 54,185 Total loans and securities 570,684 32,315 253,074 22,091 31,488 32,131 36,991 60,943 19,389 1,705 16,616 9,753 54,187 Items in process of collection 11,036 642 1,132 578 576 666 738 817 523 642 523 1,485 2,713 Bank premises 1,509 93 168 49 152 133 285 107 40 124 49 136 172 Other assets(5) 35,833 1,854 12,934 1,269 2,122 4,931 2,366 3,386 957 686 970 802 3,556 Interdistrict settlement account 0 - 911 -16,282 - 1,970 - 1,556 +13,254 + 2,135 + 5,188 + 458 + 5,192 + 312 + 2,175 - 7,996 TOTAL ASSETS 633,429 34,712 256,418 22,605 33,493 52,186 43,689 71,813 21,839 8,558 18,922 15,047 54,145 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 $ 557 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 312 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,373 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 8,234 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 October 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 583,780 32,250 242,061 20,875 30,541 45,059 40,217 67,113 20,392 7,091 17,221 13,650 47,309 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,378 834 2,348 607 1,138 2,473 1,198 2,124 691 483 716 573 2,193 U.S. Treasury--general account 5,972 0 5,972 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 609 2 586 1 2 7 2 3 1 1 1 1 3 Other 283 3 146 0 1 111 4 1 1 5 2 3 6 Total deposits 22,242 839 9,052 608 1,141 2,591 1,204 2,127 692 489 718 577 2,203 Deferred credit items 9,745 582 1,214 530 388 858 927 751 321 617 483 373 2,701 Other liabilities and accrued dividends (2) 2,926 179 975 132 176 246 241 314 123 64 117 95 265 TOTAL LIABILITIES 618,692 33,851 253,302 22,144 32,246 48,754 42,590 70,304 21,529 8,261 18,540 14,695 52,478 CAPITAL ACCOUNTS Capital paid in 7,266 421 1,469 221 619 1,757 538 741 149 177 188 163 825 Surplus 6,745 358 1,468 228 472 1,675 495 632 138 120 179 188 792 Other capital accounts 725 82 180 12 157 0 66 137 24 0 15 1 50 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 633,429 34,712 256,418 22,605 33,493 52,186 43,689 71,813 21,839 8,558 18,922 15,047 54,145 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 742,915 36,518 288,119 28,948 36,001 56,178 64,484 74,389 23,544 9,712 21,088 33,153 70,779 Less--Held by F.R. Banks 159,136 4,268 46,058 8,073 5,460 11,120 24,267 7,276 3,152 2,622 3,867 19,503 23,470 F.R. notes, net 583,780 32,250 242,061 20,875 30,541 45,059 40,217 67,113 20,392 7,091 17,221 13,650 47,309 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) 570,535 Total collateral 583,780 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.