FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 10, 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 Oct 9, 2002 Oct 2, 2002 Oct 10, 2001 Oct 9, 2002 Reserve Bank Credit 655,648 - 6,000 + 40,105 655,431 U.S. government securities (1) Bought outright-system account (2,3) 609,110 + 3,710 + 68,975 609,516 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) 7,429 - 10,178 - 25,290 7,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 45 + 45 + 37 0 Seasonal credit 136 - 35 + 55 137 Extended credit 0 0 0 0 Float 453 + 390 - 1,284 48 Other F.R. assets 38,466 + 69 - 2,386 38,720 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,135 + 14 + 1,168 34,135 Total factors supplying reserve funds 703,026 - 5,986 + 41,271 702,808 Currency in circulation* 661,489 + 1,544 + 44,847 663,386 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 376 - 3 - 52 381 Deposits,other than reserve balances,with F.R.Banks Treasury 5,106 - 1,076 + 30 4,401 Foreign 116 + 29 - 533 76 Service-related balances and adjustments (5) 10,291 + 121 + 1,964 10,291 Other 252 + 28 - 31 258 Other F.R. liabilities and capital 19,526 + 44 + 1,628 19,422 Total factors, other than reserve balances, absorbing reserve funds 697,157 + 687 + 47,855 698,215 Reserve balances with F.R. Banks (6) 5,869 - 6,674 - 6,585 4,594 On October 9, 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 $ 807,968 million, a change of $ - 4,665 million for the week. The total includes $ 653,287 million of U.S. government securities and $ 154,681 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 $ 19,311 million (daily average over statement week) and $ 18,910 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,311 million (daily average) and $ 18,910 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,063 million (daily average) and $ 1,158 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,185 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 $ 9,998 million and adjustments of $ 293 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 9, 2002 Oct 2, 2002 Oct 10, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,072 - 6 - 38 Loans 137 - 20 + 16 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 7,000 - 10,250 - 26,505 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 207,522 + 3,316 + 25,969 Notes (3) 295,889 + 6 + 39,332 Bonds (4) 106,104 + 4 + 4,103 Total bought outright (5) 609,516 + 3,326 + 69,405 Held under repurchase agreements 0 0 0 Total U.S. government securities 609,516 + 3,326 + 69,405 Total loans and securities 616,663 - 6,944 + 42,916 Items in process of collection (1,091) 7,517 - 1,294 - 8,571 Bank premises 1,523 + 4 + 13 Other assets (6) 37,190 + 428 + 944 TOTAL ASSETS (1,091) 677,203 - 7,811 + 35,257 LIABILITIES Federal Reserve notes 630,700 + 1,435 + 44,167 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,069 - 6,964 - 5,376 U.S. Treasury--general account 4,401 - 759 - 706 Foreign--official accounts 76 - 1 - 527 Other (0) 258 + 10 - 1 Total deposits (0) 19,803 - 7,715 - 6,610 Deferred availability cash items (1,091) 7,278 - 1,626 - 3,884 Other liabilities and accrued dividends (7) 2,454 + 47 - 462 TOTAL LIABILITIES (1,091) 660,234 - 7,861 + 33,210 CAPITAL ACCOUNTS Capital paid in 8,268 + 3 + 1,000 Surplus 7,312 0 + 571 Other capital accounts 1,389 + 46 + 476 *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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 664 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 521 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,158 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 9, 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 50 18,269 + 1,794 0 0 7,000 0 16 days to 90 days 86 135,392 + 1,957 0 0 0 0 91 days to 1 year 0 145,800 - 434 0 0 ------ ------ Over 1 to 5 years 176,886 + 1 10 0 ------ ------ Over 5 to 10 years 51,444 + 5 0 0 ------ ------ Over 10 years 81,726 + 4 0 0 ------ ------ Total 137 609,516 + 3,326 10 0 7,000 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,185 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 9, 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 11,038 533 4,363 430 522 819 926 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 1,072 46 56 51 54 142 138 133 61 34 71 157 128 Loans 137 0 0 0 0 0 8 22 25 42 21 9 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 7,000 0 7,000 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 207,522 11,890 81,652 7,980 11,450 16,185 14,776 24,421 7,379 3,244 6,134 4,606 17,805 Notes (3) 295,889 16,953 116,421 11,378 16,326 23,077 21,068 34,820 10,521 4,626 8,746 6,567 25,386 Bonds (4) 106,104 6,079 41,748 4,080 5,854 8,275 7,555 12,486 3,773 1,659 3,136 2,355 9,103 Total bought outright(5) 609,516 34,922 239,821 23,438 33,630 47,538 43,400 71,728 21,673 9,528 18,017 13,527 52,294 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 609,516 34,922 239,821 23,438 33,630 47,538 43,400 71,728 21,673 9,528 18,017 13,527 52,294 Total loans and securities 616,663 34,923 246,825 23,438 33,630 47,539 43,409 71,751 21,699 9,570 18,038 13,537 52,305 Items in process of collection 8,608 521 902 402 408 662 644 645 377 493 619 323 2,612 Bank premises 1,523 91 181 49 152 129 279 115 43 125 49 138 172 Other assets(6) 37,190 1,941 13,057 1,256 2,489 5,411 2,495 3,832 981 634 974 816 3,306 Interdistrict settlement account 0 - 7,066 +32,106 - 5,826 - 5,627 - 1,197 - 3,351 -12,245 - 2,603 + 4,024 - 2,779 +10,244 - 5,679 TOTAL ASSETS 678,294 31,104 298,363 19,883 31,733 53,652 44,705 65,523 20,975 15,089 17,347 25,797 54,124 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 664 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 521 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,158 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 9, 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 630,700 28,742 286,383 18,200 28,134 46,422 41,345 60,285 19,364 13,575 15,849 24,214 48,186 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,069 728 2,035 730 1,607 2,059 1,262 2,556 776 356 605 623 1,732 U.S. Treasury--general account 4,401 0 4,401 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 76 2 52 1 3 7 2 3 1 1 1 1 3 Other 258 6 147 0 0 91 1 4 3 2 1 0 0 Total deposits 19,803 736 6,635 731 1,610 2,157 1,266 2,563 780 359 607 624 1,736 Deferred credit items 8,369 591 871 350 437 653 857 670 311 491 381 491 2,266 Other liabilities and accrued dividends (2) 2,454 148 754 109 141 251 199 258 106 80 95 95 218 TOTAL LIABILITIES 661,326 30,217 294,643 19,390 30,322 49,483 43,666 63,776 20,561 14,505 16,933 25,424 52,406 CAPITAL ACCOUNTS Capital paid in 8,268 432 1,769 237 692 2,068 474 847 199 328 200 183 840 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,389 37 447 35 54 343 31 107 66 138 23 27 82 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 678,294 31,104 298,363 19,883 31,733 53,652 44,705 65,523 20,975 15,089 17,347 25,797 54,124 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,654 34,107 320,331 26,165 32,601 55,880 57,846 67,528 22,760 15,400 20,429 33,782 63,826 Less--Held by F.R. Banks 119,954 5,365 33,947 7,965 4,466 9,458 16,501 7,243 3,396 1,825 4,580 9,568 15,640 F.R. notes, net 630,700 28,742 286,383 18,200 28,134 46,422 41,345 60,285 19,364 13,575 15,849 24,214 48,186 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 936 U.S. govt. and agency securities(3) 616,526 Total collateral 630,700 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.