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 November 1, 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 31, 2001 Oct 24, 2001 Nov 1, 2000 Oct 31, 2001 Reserve Bank Credit 617,178 + 10,559 + 53,351 625,352 U.S. government securities (1) Bought outright-system account (2,3) 543,435 - 142 + 33,136 544,287 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) 37,843 + 10,438 + 21,838 45,050 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 0 - 8 15 Seasonal credit 54 - 10 - 186 40 Extended credit 0 0 0 0 Float -139 - 108 - 692 250 Other F.R. assets 35,964 + 379 - 618 35,699 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,069 + 14 + 1,976 33,069 Total factors supplying reserve funds 663,492 + 10,572 + 54,326 671,666 Currency in circulation* 614,653 - 154 + 43,599 616,853 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 438 - 13 + 152 435 Deposits,other than reserve balances,with F.R.Banks Treasury 5,121 - 200 - 50 5,112 Foreign 112 - 467 + 31 75 Service-related balances and adjustments (5) 8,223 + 166 + 1,394 8,223 Other 236 - 26 - 20 271 Other F.R. liabilities and capital 17,879 + 35 + 1,317 17,773 Total factors, other than reserve balances, absorbing reserve funds 646,662 - 660 + 46,422 648,741 Reserve balances with F.R. Banks (6) 16,830 + 11,232 + 7,904 22,925 On October 31, 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 $ 737,675 million, a change of $ - 85 million for the week. The total includes $ 602,019 million of U.S. government securities and $ 135,657 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 $ 19,022 million (daily average over statement week) and $ 18,722 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,022 million (daily average) and $ 18,722 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,048 million (daily average) and $ 2,362 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 $ 7,428 million and adjustments of $ 795 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 31, 2001 Oct 24, 2001 Nov 1, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,123 + 10 + 237 Loans 55 - 47 - 148 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 45,050 + 15,000 + 20,110 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 182,652 - 381 + 340 Notes (3) 258,389 0 + 22,786 Bonds (4) 103,246 + 478 + 10,859 Total bought outright (5) 544,287 + 97 + 33,985 Held under repurchase agreements 0 0 0 Total U.S. government securities 544,287 + 97 + 33,985 Total loans and securities 589,403 + 15,051 + 53,828 Items in process of collection (955) 7,676 - 33 - 1,158 Bank premises 1,513 - 1 + 79 Other assets (6) 36,723 - 37 + 1,971 TOTAL ASSETS (955) 649,682 + 14,988 + 53,955 LIABILITIES Federal Reserve notes 585,342 + 1,409 + 42,585 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 33,278 + 12,150 + 10,784 U.S. Treasury--general account 5,112 + 815 - 37 Foreign--official accounts 75 - 207 0 Other (0) 271 + 20 - 7 Total deposits (0) 38,735 + 12,777 + 10,740 Deferred availability cash items (955) 7,833 + 628 - 693 Other liabilities and accrued dividends (7) 2,773 - 54 - 1,523 TOTAL LIABILITIES (955) 634,683 + 14,760 + 51,109 CAPITAL ACCOUNTS Capital paid in 7,269 - 6 + 282 Surplus 6,738 + 3 + 4,059 Other capital accounts 993 + 233 - 1,494 *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 $ 18,722 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,362 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 31, 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 44 19,638 - 2,457 0 0 39,050 0 16 days to 90 days 11 113,438 - 3,283 0 0 6,000 0 91 days to 1 year 0 134,127 + 4,480 0 0 ------ ------ Over 1 to 5 years 147,078 + 880 10 0 ------ ------ Over 5 to 10 years 50,204 0 0 0 ------ ------ Over 10 years 79,802 + 478 0 0 ------ ------ Total 55 544,287 + 97 10 0 45,050 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 31, 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 1,123 59 70 48 68 177 134 127 62 34 70 127 146 Loans 55 0 0 1 0 0 7 13 4 11 4 5 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 45,050 0 45,050 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 182,652 10,974 74,820 7,502 10,693 10,912 12,560 20,687 6,583 570 5,638 3,311 18,402 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) 103,246 6,203 42,293 4,241 6,045 6,168 7,100 11,693 3,721 322 3,187 1,872 10,402 Total bought outright(5) 544,287 32,702 222,958 22,356 31,865 32,516 37,427 61,645 19,618 1,698 16,800 9,867 54,836 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 544,287 32,702 222,958 22,356 31,865 32,516 37,427 61,645 19,618 1,698 16,800 9,867 54,836 Total loans and securities 589,403 32,703 268,012 22,358 31,866 32,517 37,435 61,659 19,622 1,709 16,804 9,872 54,847 Items in process of collection 8,631 533 920 545 359 604 721 660 393 614 596 384 2,302 Bank premises 1,513 92 171 49 152 132 285 109 41 123 49 137 172 Other assets(6) 36,723 1,909 13,364 1,304 2,170 4,933 2,424 3,488 994 680 999 814 3,645 Interdistrict settlement account 0 - 945 -19,241 - 2,185 - 1,150 +11,755 + 2,196 + 6,011 + 449 + 7,838 - 670 + 3,297 - 7,354 TOTAL ASSETS 650,638 35,012 268,621 22,656 34,107 51,005 44,232 73,293 21,975 11,171 18,232 15,206 55,128 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 $ 18,722 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,362 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 31, 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 585,342 30,902 242,957 21,026 30,323 44,390 40,709 67,816 20,542 9,117 16,569 13,667 47,326 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 33,278 2,504 15,243 532 1,840 2,151 1,366 2,947 717 1,131 699 652 3,495 U.S. Treasury--general account 5,112 0 5,112 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 75 2 51 1 2 7 2 3 1 1 1 1 3 Other 271 6 138 0 1 82 4 2 1 13 12 4 7 Total deposits 38,735 2,512 20,544 534 1,844 2,240 1,372 2,951 718 1,146 712 657 3,506 Deferred credit items 8,788 550 1,022 499 511 661 808 686 282 559 445 430 2,335 Other liabilities and accrued dividends (2) 2,773 171 912 126 166 239 229 293 117 63 114 92 251 TOTAL LIABILITIES 635,638 34,135 265,435 22,185 32,844 47,529 43,118 71,746 21,660 10,884 17,840 14,846 53,417 CAPITAL ACCOUNTS Capital paid in 7,269 421 1,472 223 613 1,757 539 741 149 178 189 163 826 Surplus 6,738 358 1,468 228 472 1,679 495 632 138 109 179 188 792 Other capital accounts 993 97 247 21 179 40 80 174 29 0 24 9 92 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 650,638 35,012 268,621 22,656 34,107 51,005 44,232 73,293 21,975 11,171 18,232 15,206 55,128 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 741,957 36,190 286,491 28,970 35,626 55,892 64,246 75,372 23,313 11,687 20,844 33,204 70,123 Less--Held by F.R. Banks 156,615 5,287 43,534 7,944 5,303 11,502 23,537 7,556 2,771 2,570 4,275 19,537 22,798 F.R. notes, net 585,342 30,902 242,957 21,026 30,323 44,390 40,709 67,816 20,542 9,117 16,569 13,667 47,326 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) 572,097 Total collateral 585,342 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.