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 15, 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 Nov 14, 2001 Nov 7, 2001 Nov 15, 2000 Nov 14, 2001 Reserve Bank Credit 616,009 + 6,659 + 49,300 627,269 U.S. government securities (1) Bought outright-system account (2,3) 546,037 + 1,773 + 33,701 547,300 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) 31,004 + 4,300 + 13,577 37,755 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 90 + 13 + 52 1 Seasonal credit 31 - 8 - 124 28 Extended credit 0 0 0 0 Float 80 + 84 - 991 3,292 Other F.R. assets 38,757 + 496 + 3,205 38,882 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,097 + 14 + 1,831 33,097 Total factors supplying reserve funds 662,351 + 6,673 + 50,130 673,611 Currency in circulation* 621,370 + 3,964 + 47,167 623,072 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 438 + 2 + 164 437 Deposits,other than reserve balances,with F.R.Banks Treasury 4,690 - 297 - 589 5,347 Foreign 149 + 53 + 70 471 Service-related balances and adjustments (5) 7,792 + 63 + 845 7,792 Other 256 - 24 + 56 262 Other F.R. liabilities and capital 17,967 - 87 + 439 17,604 Total factors, other than reserve balances, absorbing reserve funds 652,663 + 3,676 + 48,152 654,984 Reserve balances with F.R. Banks (6) 9,688 + 2,996 + 1,979 18,626 On November 14, 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 $ 736,368 million, a change of $ + 4,928 million for the week. The total includes $ 599,220 million of U.S. government securities and $ 137,148 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 $ 19,243 million (daily average over statement week) and $ 18,225 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,243 million (daily average) and $ 18,225 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,732 million (daily average) and $ 2,225 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 $ 929 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 $ 7,487 million and adjustments of $ 305 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 Nov 14, 2001 Nov 7, 2001 Nov 15, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,107 - 9 + 198 Loans 30 - 67 - 377 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 37,755 + 9,830 + 11,960 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,506 - 452 + 462 Notes (3) 260,540 + 2,145 + 24,519 Bonds (4) 103,254 + 4 + 10,572 Total bought outright (5) 547,300 + 1,697 + 35,552 Held under repurchase agreements 0 0 0 Total U.S. government securities 547,300 + 1,697 + 35,552 Total loans and securities 585,095 + 11,460 + 47,015 Items in process of collection (712) 14,671 + 5,925 + 6,749 Bank premises 1,518 0 + 76 Other assets (6) 37,632 + 402 + 5,561 TOTAL ASSETS (712) 653,268 + 17,778 + 58,599 LIABILITIES Federal Reserve notes 591,519 + 3,388 + 45,707 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 26,825 + 11,216 + 7,847 U.S. Treasury--general account 5,347 + 164 + 497 Foreign--official accounts 471 + 347 + 381 Other (1) 262 - 16 - 4 Total deposits (1) 32,904 + 11,710 + 8,721 Deferred availability cash items (711) 11,241 + 2,898 + 3,885 Other liabilities and accrued dividends (7) 2,744 - 8 - 1,620 TOTAL LIABILITIES (712) 638,409 + 17,989 + 56,693 CAPITAL ACCOUNTS Capital paid in 7,277 + 3 + 289 Surplus 6,735 - 7 + 4,056 Other capital accounts 848 - 206 - 2,439 *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 $ 570 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 $ 359 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,225 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,225 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, November 14, 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 8 22,735 + 6,650 0 0 26,755 0 16 days to 90 days 22 117,379 - 6,293 0 0 11,000 0 91 days to 1 year 0 129,352 + 600 0 0 ------ ------ Over 1 to 5 years 147,808 + 730 10 0 ------ ------ Over 5 to 10 years 50,214 + 5 0 0 ------ ------ Over 10 years 79,811 + 5 0 0 ------ ------ Total 30 547,300 + 1,697 10 0 37,755 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 929 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 November 14, 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 1,107 59 69 44 67 175 129 128 60 33 68 130 145 Loans 30 1 0 0 0 0 4 8 4 3 7 2 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 37,755 0 37,755 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 183,506 11,025 75,170 7,537 10,743 10,963 12,618 20,783 6,614 573 5,664 3,327 18,488 Notes (3) 260,540 15,654 106,726 10,701 15,253 15,565 17,916 29,508 9,391 813 8,042 4,723 26,249 Bonds (4) 103,254 6,204 42,296 4,241 6,045 6,168 7,100 11,694 3,722 322 3,187 1,872 10,403 Total bought outright(5) 547,300 32,883 224,192 22,480 32,042 32,696 37,634 61,986 19,726 1,708 16,893 9,922 55,139 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 547,300 32,883 224,192 22,480 32,042 32,696 37,634 61,986 19,726 1,708 16,893 9,922 55,139 Total loans and securities 585,095 32,884 261,951 22,480 32,042 32,697 37,639 61,995 19,731 1,711 16,899 9,923 55,141 Items in process of collection 15,383 1,071 2,149 784 609 1,184 1,310 961 853 878 958 1,104 3,522 Bank premises 1,518 92 174 49 152 133 285 110 41 123 49 137 172 Other assets(6) 37,632 1,963 13,750 1,317 2,231 4,976 2,486 3,591 1,029 684 1,030 832 3,742 Interdistrict settlement account 0 - 1,078 -20,356 - 2,101 - 144 +10,058 + 3,176 + 5,959 + 959 + 9,234 - 471 + 2,845 - 8,082 TOTAL ASSETS 653,980 35,652 263,064 23,111 35,600 50,110 46,062 73,985 23,088 12,836 18,917 15,546 56,010 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 $ 570 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 $ 359 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,225 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,225 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 November 14, 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 591,519 31,137 243,596 21,471 30,523 43,999 42,067 68,482 21,149 10,930 16,485 13,726 47,953 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 26,825 2,664 7,912 480 3,135 1,324 1,581 2,787 1,159 737 1,387 793 2,865 U.S. Treasury--general account 5,347 0 5,347 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 471 2 447 1 2 7 2 3 1 1 1 1 3 Other 263 11 131 0 2 106 1 1 0 96 14 4 -105 Total deposits 32,905 2,677 13,837 481 3,139 1,438 1,584 2,791 1,160 835 1,401 799 2,764 Deferred credit items 11,953 806 1,604 568 529 934 1,089 864 349 720 531 572 3,386 Other liabilities and accrued dividends (2) 2,744 169 889 126 164 239 228 288 118 66 111 94 253 TOTAL LIABILITIES 639,121 34,789 259,926 22,646 34,355 46,609 44,969 72,424 22,775 12,551 18,528 15,191 54,357 CAPITAL ACCOUNTS Capital paid in 7,277 421 1,472 222 613 1,757 539 774 149 179 189 163 799 Surplus 6,735 358 1,468 228 472 1,679 495 632 138 106 179 188 792 Other capital accounts 848 84 199 14 160 65 59 155 26 0 20 4 63 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 653,980 35,652 263,064 23,111 35,600 50,110 46,062 73,985 23,088 12,836 18,917 15,546 56,010 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 746,080 36,130 288,345 28,852 35,666 55,729 64,473 75,957 23,839 13,392 20,924 33,019 69,755 Less--Held by F.R. Banks 154,561 4,992 44,749 7,380 5,143 11,730 22,406 7,475 2,690 2,461 4,439 19,293 21,802 F.R. notes, net 591,519 31,137 243,596 21,471 30,523 43,999 42,067 68,482 21,149 10,930 16,485 13,726 47,953 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) 578,274 Total collateral 591,519 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.