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 | ||||
|---|---|---|---|---|
| Change from week ended | ||||
| Reserve balances of depository institutions at F.R. Banks, Reserve Bank credit, and related items |
Week ended Jan 2, 2002 |
Dec 26, 2001 | Jan 3, 2001 | Wednesday 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 | ||||
|---|---|---|---|---|
| ASSETS | * | Wednesday Jan 2, 2002 |
Wednesday Dec 26, 2001 |
Wednesday Jan 3, 2001 |
| 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 securities (1,2) |
Federal agency obligations(2) |
||||||
|---|---|---|---|---|---|---|---|
| Loans | Holding | Weekly changes |
Holdings | Weekly change |
Repurchase Agreements Triparty(3) |
Reverse Repurchase Agreements 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
| ASSETS | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City |
Dallas | San Francisco |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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
| LIABILITIES | Total | Boston | New York | Philadelphia | Cleveland | Richmond | Atlanta | Chicago | St. Louis | Minneapolis | Kansas City |
Dallas | San Francisco |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||||||
| Deferred credit items | 6,337 | 394 | 804 | 265 | 286 | 344 | 199 | 473 | 187 | 642 | 308 | 242 | 2,191 |
| Other liabilities and accrued dividends (2) |
|||||||||||||
| 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.