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 3, 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 2, 2002 Dec 26, 2001 Jan 3, 2001 Jan 2, 2002 Reserve Bank Credit 642,801 + 9,022 + 51,980 642,220 U.S. government securities (1) Bought outright-system account (2,3) 553,844 - 2,021 + 41,686 554,845 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) 50,714 + 8,971 + 9,775 49,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 - 26 - 15 5 Seasonal credit 31 - 5 - 42 27 Extended credit 0 0 0 0 Float 1,131 + 955 + 26 860 Other F.R. assets 37,060 + 1,146 + 670 36,973 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,195 + 14 + 1,552 33,195 Total factors supplying reserve funds 689,241 + 9,035 + 53,532 688,660 Currency in circulation* 643,222 + 4,552 + 49,610 643,611 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 426 + 1 - 24 427 Deposits,other than reserve balances,with F.R.Banks Treasury 5,982 + 1,337 + 670 7,400 Foreign 130 - 214 - 26 96 Service-related balances and adjustments (5) 9,088 + 115 + 1,660 9,088 Other 402 + 195 - 652 225 Other F.R. liabilities and capital 17,410 - 346 - 474 17,219 Total factors, other than reserve balances, absorbing reserve funds 676,660 + 5,639 + 50,763 678,067 Reserve balances with F.R. Banks (6) 12,582 + 3,397 + 2,770 10,593 On January 2, 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 $ 732,642 million, a change of $ - 244 million for the week. The total includes $ 599,528 million of U.S. government securities and $ 133,114 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 $ 21,018 million (daily average over statement week) and $ 20,016 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 21,018 million (daily average) and $ 20,016 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 7,246 million (daily average) and $ 6,959 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 $ 960 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 $ 8,551 million and adjustments of $ 536 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 2, 2002 Dec 26, 2001 Jan 3, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,036 - 30 + 101 Loans 32 - 13 - 26 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 49,500 - 750 + 19,025 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 185,246 - 1,143 + 3,370 Notes (3) 265,940 - 4 + 27,322 Bonds (4) 103,660 - 3 + 10,876 Total bought outright (5) 554,845 - 1,152 + 41,567 Held under repurchase agreements 0 0 0 Total U.S. government securities 554,845 - 1,152 + 41,567 Total loans and securities 604,387 - 1,914 + 60,446 Items in process of collection (416) 7,463 + 2,241 - 6,421 Bank premises 1,511 - 8 + 50 Other assets (6) 35,500 - 93 + 1,096 TOTAL ASSETS (416) 663,141 + 196 + 55,270 LIABILITIES Federal Reserve notes 611,879 + 1,378 + 49,000 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,400 - 5,371 + 8,342 U.S. Treasury--general account 7,400 + 2,544 + 3,568 Foreign--official accounts 96 - 137 + 20 Other (0) 225 + 2 + 21 Total deposits (0) 28,122 - 2,962 + 11,953 Deferred availability cash items (416) 5,921 + 1,989 - 5,359 Other liabilities and accrued dividends (7) 2,376 - 218 - 1,715 TOTAL LIABILITIES (416) 648,298 + 187 + 53,879 CAPITAL ACCOUNTS Capital paid in 7,374 + 17 + 377 Surplus 7,283 + 571 + 1,095 Other capital accounts 186 - 579 - 81 *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 $ 566 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 $ 394 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,016 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,959 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 2, 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 19 14,681 - 7,363 0 0 38,500 0 16 days to 90 days 12 123,723 + 6,341 0 0 11,000 0 91 days to 1 year 0 130,627 - 1,553 0 0 ------ ------ Over 1 to 5 years 153,158 + 1,431 10 0 ------ ------ Over 5 to 10 years 53,338 - 3 0 0 ------ ------ Over 10 years 79,319 - 3 0 0 ------ ------ Total 32 554,845 - 1,152 10 0 49,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 960 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 2, 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 1,036 54 62 43 60 164 111 116 57 31 68 126 143 Loans 32 2 1 0 0 0 7 14 3 0 4 0 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 49,500 0 49,500 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 185,246 11,130 75,883 7,609 10,845 11,067 12,738 20,981 6,677 578 5,718 3,358 18,663 Notes (3) 265,940 15,978 108,938 10,923 15,569 15,887 18,287 30,120 9,585 830 8,208 4,821 26,793 Bonds (4) 103,660 6,228 42,462 4,258 6,069 6,193 7,128 11,740 3,736 323 3,199 1,879 10,443 Total bought outright(5) 554,845 33,336 227,283 22,790 32,483 33,147 38,153 62,841 19,998 1,731 17,125 10,058 55,899 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 554,845 33,336 227,283 22,790 32,483 33,147 38,153 62,841 19,998 1,731 17,125 10,058 55,899 Total loans and securities 604,387 33,339 276,788 22,790 32,484 33,148 38,161 62,855 20,002 1,731 17,130 10,059 55,900 Items in process of collection 7,879 406 949 277 235 323 502 673 473 785 390 520 2,347 Bank premises 1,511 91 177 49 151 132 281 105 43 123 49 137 171 Other assets(6) 35,500 1,832 12,957 1,298 2,090 4,781 2,336 3,355 953 658 958 786 3,497 Interdistrict settlement account 0 - 2,017 -24,286 - 1,778 - 1,961 +12,805 + 6,455 + 4,836 + 544 +11,898 - 608 + 2,964 - 8,852 TOTAL ASSETS 663,557 34,367 271,972 23,217 33,701 52,240 48,882 73,181 22,486 15,399 18,370 15,167 54,577 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 $ 566 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 $ 394 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,016 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,959 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 2, 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 611,879 32,032 252,662 21,832 30,781 45,128 45,653 68,500 21,408 14,026 16,985 13,952 48,919 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,400 940 7,011 558 1,146 2,991 1,747 2,341 480 403 581 555 1,647 U.S. Treasury--general account 7,400 0 7,400 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 96 2 73 1 2 7 2 3 1 1 1 1 3 Other 225 4 162 1 3 42 3 1 0 0 6 2 1 Total deposits 28,122 945 14,646 560 1,151 3,041 1,752 2,344 481 404 588 558 1,652 Deferred credit items 6,337 394 804 265 286 344 199 473 187 642 308 242 2,191 Other liabilities and accrued dividends (2) 2,376 147 771 110 142 203 196 257 106 57 102 82 203 TOTAL LIABILITIES 648,714 33,518 268,884 22,767 32,359 48,717 47,800 71,574 22,182 15,130 17,984 14,833 52,965 CAPITAL ACCOUNTS Capital paid in 7,374 418 1,504 221 665 1,758 536 793 149 180 191 164 795 Surplus 7,283 418 1,504 221 665 1,757 535 793 149 89 191 164 796 Other capital accounts 186 12 80 7 12 8 11 21 6 0 4 6 20 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 663,557 34,367 271,972 23,217 33,701 52,240 48,882 73,181 22,486 15,399 18,370 15,167 54,577 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 751,220 35,822 294,050 28,342 35,071 55,360 64,296 74,835 24,002 16,036 21,087 33,031 69,287 Less--Held by F.R. Banks 139,341 3,789 41,388 6,509 4,291 10,232 18,643 6,335 2,595 2,010 4,102 19,079 20,368 F.R. notes, net 611,879 32,032 252,662 21,832 30,781 45,128 45,653 68,500 21,408 14,026 16,985 13,952 48,919 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) 598,634 Total collateral 611,879 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.