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 October 25, 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 24, 2001 Oct 17, 2001 Oct 25, 2000 Oct 24, 2001 Reserve Bank Credit 606,621 - 10,067 + 47,229 610,749 U.S. government securities (1) Bought outright-system account (2,3) 543,577 + 2,255 + 33,113 544,190 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) 27,405 - 5,749 + 15,716 30,050 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 + 3 - 165 42 Seasonal credit 64 - 3 - 213 60 Extended credit 0 0 0 0 Float -30 - 947 - 297 654 Other F.R. assets 35,585 - 5,628 - 806 35,743 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,055 + 14 + 2,022 33,055 Total factors supplying reserve funds 652,921 - 10,053 + 48,251 657,049 Currency in circulation* 614,807 - 1,306 + 43,839 615,437 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 451 + 9 + 164 439 Deposits,other than reserve balances,with F.R.Banks Treasury 5,321 + 599 + 43 4,297 Foreign 579 - 53 + 488 282 Service-related balances and adjustments (5) 8,058 - 38 + 1,361 8,058 Other 262 + 5 + 21 251 Other F.R. liabilities and capital 17,844 - 114 + 1,778 17,597 Total factors, other than reserve balances, absorbing reserve funds 647,322 - 898 + 47,694 646,361 Reserve balances with F.R. Banks (6) 5,599 - 9,156 + 557 10,688 On October 24, 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 $ 737,760 million, a change of $ + 1,085 million for the week. The total includes $ 598,193 million of U.S. government securities and $ 139,567 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 $ 18,124 million (daily average over statement week) and $ 18,026 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,124 million (daily average) and $ 18,026 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,860 million (daily average) and $ 3,055 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 908 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 $ 7,427 million and adjustments of $ 631 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 24, 2001 Oct 17, 2001 Oct 25, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,113 + 8 + 257 Loans 102 + 37 - 180 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 30,050 - 6,995 + 20,055 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,033 - 340 + 289 Notes (3) 258,389 0 + 22,000 Bonds (4) 102,768 + 507 + 10,863 Total bought outright (5) 544,190 + 166 + 33,152 Held under repurchase agreements 0 0 0 Total U.S. government securities 544,190 + 166 + 33,152 Total loans and securities 574,352 - 6,792 + 52,907 Items in process of collection (891) 7,709 - 388 - 1,459 Bank premises 1,514 + 3 + 81 Other assets (6) 36,760 + 249 + 1,455 TOTAL ASSETS (891) 634,694 - 6,918 + 52,240 LIABILITIES Federal Reserve notes 583,933 - 803 + 42,058 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 21,128 - 4,167 + 8,268 U.S. Treasury--general account 4,297 - 741 + 90 Foreign--official accounts 282 - 462 + 211 Other (0) 251 - 5 + 10 Total deposits (0) 25,958 - 5,375 + 8,578 Deferred availability cash items (891) 7,205 - 605 + 260 Other liabilities and accrued dividends (7) 2,827 - 20 - 1,466 TOTAL LIABILITIES (891) 619,923 - 6,802 + 49,430 CAPITAL ACCOUNTS Capital paid in 7,275 + 4 + 294 Surplus 6,735 - 9 + 4,056 Other capital accounts 760 - 112 - 1,540 *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 $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 351 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,026 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,055 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 24, 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 98 22,095 - 312 0 0 21,050 0 16 days to 90 days 4 116,721 + 893 0 0 9,000 0 91 days to 1 year 0 129,647 - 922 0 0 ------ ------ Over 1 to 5 years 146,198 0 10 0 ------ ------ Over 5 to 10 years 50,204 0 0 0 ------ ------ Over 10 years 79,324 + 507 0 0 ------ ------ Total 102 544,190 + 166 10 0 30,050 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 908 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 24, 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 1,113 58 69 47 68 176 132 130 62 35 69 124 143 Loans 102 0 0 0 0 0 7 17 4 20 50 2 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 30,050 0 30,050 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 183,033 10,997 74,976 7,518 10,716 10,934 12,586 20,730 6,597 571 5,649 3,318 18,440 Notes (3) 258,389 15,525 105,845 10,613 15,127 15,436 17,768 29,265 9,313 806 7,975 4,684 26,032 Bonds (4) 102,768 6,175 42,097 4,221 6,017 6,139 7,067 11,639 3,704 321 3,172 1,863 10,354 Total bought outright(5) 544,190 32,696 222,918 22,352 31,860 32,510 37,420 61,634 19,614 1,698 16,797 9,865 54,826 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 544,190 32,696 222,918 22,352 31,860 32,510 37,420 61,634 19,614 1,698 16,797 9,865 54,826 Total loans and securities 574,352 32,697 252,972 22,353 31,860 32,511 37,428 61,652 19,619 1,718 16,847 9,868 54,828 Items in process of collection 8,601 469 1,159 390 549 510 750 656 286 597 587 412 2,236 Bank premises 1,514 93 171 49 153 133 286 107 41 124 49 137 173 Other assets(6) 36,760 1,912 13,390 1,307 2,172 4,924 2,426 3,494 997 677 1,000 815 3,645 Interdistrict settlement account 0 - 2,628 - 9,053 - 2,039 - 2,344 +10,806 + 1,009 + 4,427 + 46 + 7,003 - 932 + 3,030 - 9,326 TOTAL ASSETS 635,585 33,262 264,033 22,645 33,099 49,947 43,067 71,706 21,465 10,327 18,004 14,962 53,068 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 $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 351 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,026 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,055 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 24, 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 583,933 31,053 242,221 21,136 30,280 44,480 40,305 67,435 20,471 9,095 16,627 13,623 47,208 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 21,128 711 12,068 437 1,013 1,124 670 1,795 339 352 475 454 1,689 U.S. Treasury--general account 4,297 0 4,297 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 282 2 259 1 2 7 2 3 1 1 1 1 3 Other 251 0 132 1 1 97 0 2 0 0 12 4 1 Total deposits 25,958 713 16,756 439 1,016 1,229 673 1,801 340 354 487 459 1,693 Deferred credit items 8,096 461 998 479 381 551 760 651 224 534 392 432 2,232 Other liabilities and accrued dividends (2) 2,827 176 924 127 168 246 236 302 120 61 113 95 259 TOTAL LIABILITIES 620,815 32,403 260,899 22,181 31,846 46,506 41,974 70,188 21,155 10,043 17,619 14,609 51,393 CAPITAL ACCOUNTS Capital paid in 7,275 421 1,472 223 620 1,757 538 741 148 177 188 163 825 Surplus 6,735 358 1,468 228 472 1,679 495 632 138 106 179 188 792 Other capital accounts 760 80 195 13 161 6 60 146 23 0 18 1 57 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 635,585 33,262 264,033 22,645 33,099 49,947 43,067 71,706 21,465 10,327 18,004 14,962 53,068 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 742,877 36,258 286,704 29,049 35,674 56,016 64,380 75,119 23,370 11,708 20,894 33,328 70,377 Less--Held by F.R. Banks 158,944 5,205 44,482 7,914 5,394 11,536 24,075 7,684 2,899 2,613 4,268 19,705 23,169 F.R. notes, net 583,933 31,053 242,221 21,136 30,280 44,480 40,305 67,435 20,471 9,095 16,627 13,623 47,208 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) 570,689 Total collateral 583,933 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.