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 January 17, 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 Jan 16, 2002 Jan 9, 2002 Jan 17, 2001 Jan 16, 2002 Reserve Bank Credit 629,104 - 2,489 + 51,283 627,759 U.S. government securities (1) Bought outright-system account (2,3) 558,463 + 2,113 + 42,175 559,730 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) 32,971 - 3,958 + 8,743 30,900 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 - 147 + 4 2 Seasonal credit 10 - 2 - 16 12 Extended credit 0 0 0 0 Float -81 - 1,005 - 812 -643 Other F.R. assets 37,723 + 510 + 1,308 37,748 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,223 + 14 + 1,430 33,223 Total factors supplying reserve funds 675,572 - 2,475 + 52,713 674,227 Currency in circulation* 632,744 - 6,314 + 48,405 632,241 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 432 + 4 - 24 416 Deposits,other than reserve balances,with F.R.Banks Treasury 5,712 + 659 - 817 6,719 Foreign 271 + 167 + 165 88 Service-related balances and adjustments (5) 8,888 + 19 + 2,256 8,888 Other 232 + 45 + 33 238 Other F.R. liabilities and capital 17,693 + 247 - 572 17,464 Total factors, other than reserve balances, absorbing reserve funds 665,972 - 5,173 + 49,446 666,054 Reserve balances with F.R. Banks (6) 9,600 + 2,699 + 3,267 8,172 On January 16, 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 $ 729,366 million, a change of $ + 210 million for the week. The total includes $ 593,939 million of U.S. government securities and $ 135,427 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 $ 18,661 million (daily average over statement week) and $ 17,980 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,661 million (daily average) and $ 17,980 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,624 million (daily average) and $ 2,335 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 $ 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 $ 8,399 million and adjustments of $ 489 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 Jan 16, 2002 Jan 9, 2002 Jan 17, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,094 + 41 + 107 Loans 14 - 999 - 11 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 30,900 - 6,600 + 8,380 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 187,759 + 1,538 + 3,749 Notes (3) 267,733 - 3 + 27,886 Bonds (4) 104,238 + 580 + 11,317 Total bought outright (5) 559,730 + 2,116 + 42,952 Held under repurchase agreements 0 0 0 Total U.S. government securities 559,730 + 2,116 + 42,952 Total loans and securities 590,654 - 5,484 + 51,201 Items in process of collection (1,279) 8,657 - 423 - 6,838 Bank premises 1,512 + 1 + 49 Other assets (6) 36,123 + 150 + 1,034 TOTAL ASSETS (1,279) 651,285 - 5,715 + 45,551 LIABILITIES Federal Reserve notes 600,528 - 4,145 + 47,199 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 17,869 - 3,703 + 4,245 U.S. Treasury--general account 6,719 + 1,612 - 1,260 Foreign--official accounts 88 + 7 - 15 Other (0) 238 + 54 - 45 Total deposits (0) 24,915 - 2,028 + 2,925 Deferred availability cash items (1,279) 8,378 + 403 - 4,101 Other liabilities and accrued dividends (7) 2,353 - 9 - 1,726 TOTAL LIABILITIES (1,279) 636,174 - 5,779 + 44,297 CAPITAL ACCOUNTS Capital paid in 7,419 0 + 419 Surplus 7,277 + 5 + 1,087 Other capital accounts 414 + 58 - 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 $ 561 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 $ 390 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,980 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,335 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, January 16, 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 5 22,622 + 6,355 0 0 25,900 0 16 days to 90 days 9 116,887 - 5,393 0 0 5,000 0 91 days to 1 year 0 132,034 + 576 0 0 ------ ------ Over 1 to 5 years 156,660 + 1,704 10 0 ------ ------ Over 5 to 10 years 51,630 - 1,706 0 0 ------ ------ Over 10 years 79,897 + 580 0 0 ------ ------ Total 14 559,730 + 2,116 10 0 30,900 0 1 Includes $ 10,186 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 January 16, 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 11,045 546 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 1,094 60 61 49 61 171 121 119 61 33 76 135 146 Loans 14 3 0 0 0 0 0 7 2 1 0 0 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 30,900 0 30,900 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 187,759 11,281 76,912 7,712 10,992 11,217 12,911 21,265 6,767 586 5,795 3,404 18,916 Notes (3) 267,733 16,086 109,672 10,997 15,674 15,994 18,410 30,323 9,650 835 8,264 4,854 26,974 Bonds (4) 104,238 6,263 42,700 4,281 6,103 6,227 7,168 11,806 3,757 325 3,217 1,890 10,502 Total bought outright(5) 559,730 33,630 229,284 22,990 32,769 33,439 38,489 63,394 20,174 1,746 17,276 10,147 56,392 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 559,730 33,630 229,284 22,990 32,769 33,439 38,489 63,394 20,174 1,746 17,276 10,147 56,392 Total loans and securities 590,654 33,633 260,188 22,991 32,770 33,439 38,490 63,402 20,177 1,747 17,277 10,147 56,393 Items in process of collection 9,936 508 1,178 471 362 748 802 901 508 738 579 406 2,735 Bank premises 1,512 91 177 49 151 132 281 106 43 123 49 137 171 Other assets(6) 36,123 1,873 13,203 1,323 2,134 4,805 2,379 3,432 980 656 978 795 3,565 Interdistrict settlement account 0 - 2,939 -11,507 - 2,547 - 2,616 +11,864 + 3,846 + 3,105 + 4 +11,938 - 1,219 + 2,214 -12,143 TOTAL ASSETS 652,564 33,888 268,625 22,873 33,505 52,048 46,955 72,305 22,189 15,407 18,122 14,410 52,238 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 $ 561 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 $ 390 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,980 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,335 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 January 16, 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 600,528 31,177 253,153 20,786 30,096 44,399 43,593 67,154 20,957 13,883 16,459 12,818 46,052 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 17,869 1,052 3,491 917 1,524 3,085 1,223 2,460 511 465 657 719 1,765 U.S. Treasury--general account 6,719 0 6,719 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 88 2 64 1 2 7 2 3 1 1 1 1 3 Other 238 2 137 0 2 90 1 1 0 0 3 1 1 Total deposits 24,915 1,056 10,412 919 1,527 3,182 1,225 2,464 512 466 661 721 1,770 Deferred credit items 9,657 648 1,147 599 375 731 930 797 296 607 510 451 2,566 Other liabilities and accrued dividends (2) 2,353 142 748 109 132 202 197 255 106 61 97 84 223 TOTAL LIABILITIES 637,453 33,023 265,460 22,413 32,130 48,514 45,945 70,670 21,871 15,017 17,726 14,074 50,611 CAPITAL ACCOUNTS Capital paid in 7,419 419 1,504 220 681 1,758 449 790 149 307 191 164 787 Surplus 7,277 418 1,504 221 665 1,757 535 793 149 84 191 164 796 Other capital accounts 414 28 157 19 29 18 27 52 19 0 13 8 44 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 652,564 33,888 268,625 22,873 33,505 52,048 46,955 72,305 22,189 15,407 18,122 14,410 52,238 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,973 35,872 295,952 28,135 34,964 55,207 63,669 74,486 24,011 16,250 21,029 32,707 68,693 Less--Held by F.R. Banks 150,445 4,694 42,798 7,350 4,868 10,808 20,076 7,332 3,054 2,367 4,569 19,888 22,641 F.R. notes, net 600,528 31,177 253,153 20,786 30,096 44,399 43,593 67,154 20,957 13,883 16,459 12,818 46,052 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) 587,283 Total collateral 600,528 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.