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 December 27, 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 Dec 26, 2001 Dec 19, 2001 Dec 27, 2000 Dec 26, 2001 Reserve Bank Credit 633,771 + 6,420 + 49,457 643,503 U.S. government securities (1) Bought outright-system account (2,3) 555,865 + 1,634 + 40,270 555,997 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) 41,743 + 5,150 + 9,984 50,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 36 + 24 - 5 13 Seasonal credit 36 + 1 - 76 32 Extended credit 0 0 0 0 Float 171 - 561 - 1,011 1,168 Other F.R. assets 35,911 + 173 + 417 36,034 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,181 + 14 + 1,588 33,181 Total factors supplying reserve funds 680,197 + 6,433 + 51,045 689,929 Currency in circulation* 638,670 + 8,074 + 48,867 642,190 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 425 - 15 + 9 425 Deposits,other than reserve balances,with F.R.Banks Treasury 4,645 - 1,219 + 305 4,856 Foreign 344 + 54 + 241 233 Service-related balances and adjustments (5) 8,973 - 163 + 1,736 8,973 Other 207 - 14 - 51 223 Other F.R. liabilities and capital 17,756 - 210 - 661 17,429 Total factors, other than reserve balances, absorbing reserve funds 671,021 + 6,507 + 50,447 674,331 Reserve balances with F.R. Banks (6) 9,176 - 73 + 598 15,598 On December 26, 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 $ 732,886 million, a change of $ - 947 million for the week. The total includes $ 600,096 million of U.S. government securities and $ 132,790 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 $ 18,990 million (daily average over statement week) and $ 18,854 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,990 million (daily average) and $ 18,854 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,455 million (daily average) and $ 5,378 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 10,186 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 $ 8,584 million and adjustments of $ 390 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 Dec 26, 2001 Dec 19, 2001 Dec 27, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,066 - 13 + 120 Loans 45 + 1 - 72 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 50,250 + 12,550 + 6,265 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 186,389 - 95 + 3,859 Notes (3) 265,944 + 24 + 25,768 Bonds (4) 103,663 + 484 + 10,879 Total bought outright (5) 555,997 + 413 + 40,506 Held under repurchase agreements 0 0 0 Total U.S. government securities 555,997 + 413 + 40,506 Total loans and securities 606,301 + 12,963 + 46,578 Items in process of collection (341) 5,222 - 3,879 - 4,865 Bank premises 1,519 + 1 + 64 Other assets (6) 35,593 + 66 + 1,325 TOTAL ASSETS (341) 662,945 + 9,138 + 43,221 LIABILITIES Federal Reserve notes 610,501 + 7,565 + 47,341 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 25,771 + 8,999 + 984 U.S. Treasury--general account 4,856 - 2,318 - 464 Foreign--official accounts 233 - 389 + 150 Other (0) 223 + 15 - 12 Total deposits (0) 31,084 + 6,309 + 658 Deferred availability cash items (341) 3,932 - 4,466 - 4,145 Other liabilities and accrued dividends (7) 2,594 - 11 - 1,747 TOTAL LIABILITIES (341) 648,111 + 9,397 + 42,108 CAPITAL ACCOUNTS Capital paid in 7,357 + 2 + 333 Surplus 6,712 - 13 + 4,033 Other capital accounts 765 - 247 - 3,253 *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 $ 570 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 397 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,854 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,378 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, December 26, 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 41 22,044 + 639 0 0 38,250 0 16 days to 90 days 3 117,382 - 1,280 0 0 12,000 0 91 days to 1 year 0 132,180 + 545 0 0 ------ ------ Over 1 to 5 years 151,727 0 10 0 ------ ------ Over 5 to 10 years 53,341 + 24 0 0 ------ ------ Over 10 years 79,322 + 484 0 0 ------ ------ Total 45 555,997 + 413 10 0 50,250 0 1 Includes $ 10,186 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 December 26, 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 1,066 55 65 42 62 167 119 119 59 32 71 129 144 Loans 45 1 0 1 0 1 7 17 3 3 7 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 50,250 0 50,250 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 186,389 11,199 76,351 7,656 10,912 11,135 12,817 21,110 6,718 582 5,753 3,379 18,778 Notes (3) 265,944 15,978 108,940 10,923 15,570 15,888 18,287 30,120 9,585 830 8,208 4,821 26,793 Bonds (4) 103,663 6,228 42,464 4,258 6,069 6,193 7,128 11,741 3,736 323 3,200 1,879 10,444 Total bought outright(5) 555,997 33,405 227,755 22,837 32,551 33,215 38,232 62,971 20,040 1,735 17,161 10,079 56,015 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 555,997 33,405 227,755 22,837 32,551 33,215 38,232 62,971 20,040 1,735 17,161 10,079 56,015 Total loans and securities 606,301 33,407 278,009 22,839 32,551 33,217 38,239 62,990 20,044 1,738 17,168 10,079 56,021 Items in process of collection 5,563 203 421 804 130 255 344 313 361 579 263 275 1,615 Bank premises 1,519 92 178 49 152 132 285 105 44 123 49 138 172 Other assets(6) 35,593 1,840 13,023 1,304 2,094 4,755 2,338 3,375 956 653 961 785 3,509 Interdistrict settlement account 0 - 115 -29,298 - 1,599 - 1,597 +12,624 + 6,693 + 5,151 + 748 +12,479 - 348 + 3,581 - 8,320 TOTAL ASSETS 663,286 36,143 267,723 23,976 34,034 52,039 49,055 73,292 22,625 15,777 18,547 15,563 54,511 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 $ 570 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 397 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,854 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,378 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 December 26, 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 610,501 31,778 251,598 22,001 30,775 44,955 45,923 68,375 21,398 13,987 17,014 14,071 48,623 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 25,771 3,166 6,413 1,076 1,584 3,092 1,729 2,783 699 958 850 844 2,578 U.S. Treasury--general account 4,856 0 4,856 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 233 2 210 1 2 7 2 3 1 1 1 1 3 Other 224 1 157 2 2 49 2 4 1 0 1 2 2 Total deposits 31,084 3,169 11,635 1,079 1,588 3,149 1,733 2,790 700 960 852 847 2,583 Deferred credit items 4,273 182 515 323 180 220 106 282 107 502 189 205 1,463 Other liabilities and accrued dividends (2) 2,594 167 816 116 157 241 217 272 113 65 106 88 237 TOTAL LIABILITIES 648,452 35,295 264,564 23,519 32,699 48,564 47,980 71,720 22,318 15,514 18,161 15,211 52,906 CAPITAL ACCOUNTS Capital paid in 7,357 418 1,504 221 665 1,757 534 775 149 180 191 163 799 Surplus 6,712 358 1,468 228 472 1,679 495 632 138 84 179 188 792 Other capital accounts 765 71 187 8 198 39 46 166 19 0 17 0 14 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 663,286 36,143 267,723 23,976 34,034 52,039 49,055 73,292 22,625 15,777 18,547 15,563 54,511 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 752,553 35,869 294,277 28,432 35,130 55,445 64,554 74,953 24,053 16,052 21,134 33,146 69,508 Less--Held by F.R. Banks 142,053 4,091 42,678 6,431 4,355 10,490 18,631 6,577 2,655 2,064 4,121 19,075 20,885 F.R. notes, net 610,501 31,778 251,598 22,001 30,775 44,955 45,923 68,375 21,398 13,987 17,014 14,071 48,623 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) 597,256 Total collateral 610,501 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.