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 31, 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 30, 2002 Jan 23, 2002 Jan 31, 2001 Jan 30, 2002 Reserve Bank Credit 627,628 - 4,289 + 53,922 635,310 U.S. government securities (1) Bought outright-system account (2,3) 561,041 + 3,112 + 44,242 562,933 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) 28,464 - 7,465 + 9,478 32,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 11 - 10 - 1 12 Seasonal credit 19 + 2 - 12 14 Extended credit 0 0 0 0 Float -22 - 120 - 697 1,705 Other F.R. assets 38,105 + 192 + 1,033 38,387 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,251 + 14 + 1,363 33,251 Total factors supplying reserve funds 674,124 - 4,275 + 55,284 681,806 Currency in circulation* 630,280 - 1,685 + 51,793 631,321 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 422 + 5 - 33 415 Deposits,other than reserve balances,with F.R.Banks Treasury 9,170 + 2,071 + 267 13,340 Foreign 263 + 128 + 153 434 Service-related balances and adjustments (5) 8,927 - 285 + 2,349 8,927 Other 237 + 14 - 40 228 Other F.R. liabilities and capital 17,501 - 93 - 697 17,427 Total factors, other than reserve balances, absorbing reserve funds 666,800 + 155 + 53,792 672,092 Reserve balances with F.R. Banks (6) 7,324 - 4,431 + 1,492 9,714 On January 30, 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 $ 726,813 million, a change of $ + 3,333 million for the week. The total includes $ 593,945 million of U.S. government securities and $ 132,868 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 $ 18,794 million (daily average over statement week) and $ 18,136 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,794 million (daily average) and $ 18,136 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,981 million (daily average) and $ 1,359 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 $ 943 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 $ 8,647 million and adjustments of $ 279 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 30, 2002 Jan 23, 2002 Jan 31, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,151 + 31 + 85 Loans 25 - 37 - 10 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 32,250 - 24,250 + 13,330 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 189,897 + 2,743 + 6,948 Notes (3) 268,568 - 3 + 28,843 Bonds (4) 104,468 - 2 + 11,123 Total bought outright (5) 562,933 + 2,738 + 46,915 Held under repurchase agreements 0 0 0 Total U.S. government securities 562,933 + 2,738 + 46,915 Total loans and securities 595,219 - 21,547 + 60,116 Items in process of collection (1,018) 9,685 - 5,048 - 338 Bank premises 1,509 - 4 + 42 Other assets (6) 36,860 + 343 + 1,693 TOTAL ASSETS (1,018) 657,669 - 26,225 + 61,597 LIABILITIES Federal Reserve notes 599,636 - 1,015 + 50,200 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 18,592 - 25,864 + 3,172 U.S. Treasury--general account 13,340 + 3,490 + 8,084 Foreign--official accounts 434 + 150 + 235 Other (0) 228 + 8 - 78 Total deposits (0) 32,594 - 22,217 + 11,412 Deferred availability cash items (1,018) 8,012 - 3,018 + 206 Other liabilities and accrued dividends (7) 2,322 + 13 - 1,638 TOTAL LIABILITIES (1,018) 642,563 - 26,238 + 60,179 CAPITAL ACCOUNTS Capital paid in 7,433 + 13 + 419 Surplus 7,271 - 1 + 1,006 Other capital accounts 402 + 1 - 7 *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 $ 556 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 $ 387 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,136 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,359 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 30, 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 25 24,757 + 610 0 0 27,250 0 16 days to 90 days 1 122,892 + 7,916 0 0 5,000 0 91 days to 1 year 0 126,032 - 5,783 0 0 ------ ------ Over 1 to 5 years 157,732 - 1 10 0 ------ ------ Over 5 to 10 years 51,627 - 1 0 0 ------ ------ Over 10 years 79,894 - 2 0 0 ------ ------ Total 25 562,933 + 2,738 10 0 32,250 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 943 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 30, 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 1,151 63 60 53 67 177 129 132 65 35 80 143 148 Loans 25 3 1 0 0 4 0 7 1 1 2 2 6 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 32,250 0 32,250 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 189,897 11,409 77,788 7,800 11,118 11,345 13,058 21,507 6,845 592 5,861 3,443 19,132 Notes (3) 268,568 16,136 110,015 11,031 15,723 16,044 18,468 30,418 9,680 838 8,289 4,869 27,058 Bonds (4) 104,468 6,277 42,793 4,291 6,116 6,241 7,184 11,832 3,765 326 3,224 1,894 10,525 Total bought outright(5) 562,933 33,822 230,596 23,122 32,957 33,630 38,709 63,757 20,290 1,756 17,375 10,205 56,714 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 562,933 33,822 230,596 23,122 32,957 33,630 38,709 63,757 20,290 1,756 17,375 10,205 56,714 Total loans and securities 595,219 33,826 262,851 23,122 32,957 33,635 38,710 63,765 20,291 1,757 17,377 10,207 56,721 Items in process of collection 10,703 570 1,021 874 459 652 1,333 867 484 661 680 579 2,521 Bank premises 1,509 92 177 49 151 132 280 105 43 123 49 137 171 Other assets(6) 36,860 1,993 13,424 1,314 2,484 4,756 2,444 3,756 1,014 389 1,005 738 3,542 Interdistrict settlement account 0 - 3,801 - 7,217 - 2,842 - 3,370 +11,361 + 3,298 + 1,803 + 336 +12,338 - 1,821 + 2,562 -12,648 TOTAL ASSETS 658,687 33,402 275,640 23,108 33,391 51,600 47,232 71,669 22,648 15,475 17,753 14,943 51,825 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 $ 556 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 $ 387 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,136 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,359 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 30, 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 599,636 30,959 252,569 20,769 29,868 44,898 44,070 66,391 20,927 13,890 16,281 13,495 45,520 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,592 781 4,117 1,116 1,720 2,258 1,082 2,709 1,088 593 550 641 1,938 U.S. Treasury--general account 13,340 0 13,340 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 434 2 410 1 3 7 2 3 1 1 1 1 3 Other 228 1 129 0 1 88 0 1 2 0 2 2 0 Total deposits 32,594 783 17,996 1,117 1,724 2,353 1,085 2,713 1,091 594 553 644 1,942 Deferred credit items 9,030 645 1,138 652 288 617 884 686 214 547 428 383 2,547 Other liabilities and accrued dividends (2) 2,322 141 737 109 134 213 187 252 109 59 99 88 195 TOTAL LIABILITIES 643,581 32,528 272,440 22,647 32,013 48,081 46,225 70,041 22,340 15,091 17,361 14,609 50,204 CAPITAL ACCOUNTS Capital paid in 7,433 429 1,504 221 681 1,759 447 791 149 307 192 165 787 Surplus 7,271 418 1,504 221 665 1,757 535 793 149 77 191 164 796 Other capital accounts 402 27 192 18 33 2 26 44 10 0 9 4 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 658,687 33,402 275,640 23,108 33,391 51,600 47,232 71,669 22,648 15,475 17,753 14,943 51,825 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,240 35,798 295,940 27,887 34,691 55,697 63,839 73,873 23,916 16,240 20,905 32,991 68,464 Less--Held by F.R. Banks 150,604 4,839 43,371 7,117 4,823 10,799 19,769 7,483 2,989 2,350 4,624 19,496 22,944 F.R. notes, net 599,636 30,959 252,569 20,769 29,868 44,898 44,070 66,391 20,927 13,890 16,281 13,495 45,520 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) 586,391 Total collateral 599,636 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.