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 June 20, 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 Jun 19, 2002 Jun 12, 2002 Jun 20, 2001 Jun 19, 2002 Reserve Bank Credit 650,788 + 497 + 63,200 649,878 U.S. government securities (1) Bought outright-system account (2,3) 591,354 + 2,294 + 58,448 592,187 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 0 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 22,036 - 1,900 + 4,750 20,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 2 - 54 0 Seasonal credit 131 + 25 + 9 150 Extended credit 0 0 0 0 Float -503 - 280 - 1,505 -1,204 Other F.R. assets 37,756 + 358 + 1,551 37,984 Gold stock 11,044 0 0 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,759 + 14 + 1,141 33,759 Total factors supplying reserve funds 697,790 + 511 + 64,340 696,880 Currency in circulation* 654,646 + 406 + 60,628 655,939 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 407 - 4 - 56 397 Deposits,other than reserve balances,with F.R.Banks Treasury 5,894 + 605 + 700 6,899 Foreign 124 + 39 + 23 113 Service-related balances and adjustments (5) 10,248 + 244 + 3,044 10,248 Other 255 + 17 - 29 251 Other F.R. liabilities and capital 19,819 + 70 + 1,754 19,708 Total factors, other than reserve balances, absorbing reserve funds 691,392 + 1,376 + 66,063 693,556 Reserve balances with F.R. Banks (6) 6,398 - 865 - 1,723 3,324 On June 19, 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 $ 773,642 million, a change of $ + 3,140 million for the week. The total includes $ 619,302 million of U.S. government securities and $ 154,340 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 $ 22,576 million (daily average over statement week) and $ 22,023 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,576 million (daily average) and $ 22,023 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 930 million (daily average) and $ 1,512 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,187 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 $ 9,915 million and adjustments of $ 334 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 Jun 19, 2002 Jun 12, 2002 Jun 20, 2001 ASSETS Gold certificate account 11,044 0 0 Special drawing rights certificate account 2,200 0 0 Coin 945 + 13 - 176 Loans 150 + 43 - 61 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 20,750 - 13,750 + 7,000 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 198,163 + 2,774 + 16,914 Notes (3) 288,595 + 10 + 35,064 Bonds (4) 105,429 + 7 + 5,727 Total bought outright (5) 592,187 + 2,791 + 57,705 Held under repurchase agreements 0 0 0 Total U.S. government securities 592,187 + 2,791 + 57,705 Total loans and securities 613,097 - 10,917 + 64,644 Items in process of collection (935) 7,116 - 624 - 1,753 Bank premises 1,517 + 1 + 10 Other assets (6) 36,468 + 438 + 1,675 TOTAL ASSETS (935) 672,387 - 11,089 + 64,401 LIABILITIES Federal Reserve notes 623,523 + 70 + 59,405 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,341 - 13,589 + 3,267 U.S. Treasury--general account 6,899 + 2,172 + 141 Foreign--official accounts 113 + 4 - 20 Other (0) 251 + 8 - 15 Total deposits (0) 21,604 - 11,405 + 3,373 Deferred availability cash items (935) 7,552 + 67 - 235 Other liabilities and accrued dividends (7) 2,554 - 9 - 804 TOTAL LIABILITIES (935) 655,233 - 11,277 + 61,739 CAPITAL ACCOUNTS Capital paid in 8,320 + 26 + 1,187 Surplus 7,312 0 + 667 Other capital accounts 1,523 + 163 + 808 *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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 699 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 489 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,023 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,512 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, June 19, 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 137 20,213 + 2,708 0 0 16,750 0 16 days to 90 days 13 136,072 - 1,750 0 0 4,000 0 91 days to 1 year 0 134,387 + 1,817 0 0 ------ ------ Over 1 to 5 years 167,485 + 2 10 0 ------ ------ Over 5 to 10 years 52,479 + 6 0 0 ------ ------ Over 10 years 81,551 + 8 0 0 ------ ------ Total 150 592,187 + 2,791 10 0 20,750 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,187 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 June 19, 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 11,044 533 4,369 430 522 819 926 1,080 346 179 309 485 1,046 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 945 45 45 43 46 124 100 122 58 37 68 128 128 Loans 150 1 0 0 0 0 2 40 30 45 20 4 7 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 20,750 0 20,750 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 198,163 11,354 77,969 7,620 10,934 15,455 14,110 23,320 7,046 3,098 5,858 4,398 17,002 Notes (3) 288,595 16,535 113,551 11,097 15,923 22,508 20,549 33,962 10,262 4,511 8,531 6,405 24,760 Bonds (4) 105,429 6,041 41,482 4,054 5,817 8,223 7,507 12,407 3,749 1,648 3,116 2,340 9,045 Total bought outright(5) 592,187 33,929 233,002 22,771 32,674 46,186 42,166 69,689 21,057 9,257 17,505 13,143 50,807 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 592,187 33,929 233,002 22,771 32,674 46,186 42,166 69,689 21,057 9,257 17,505 13,143 50,807 Total loans and securities 613,097 33,931 253,756 22,772 32,674 46,187 42,169 69,730 21,087 9,303 17,526 13,147 50,815 Items in process of collection 8,052 517 822 424 319 451 598 544 329 630 442 493 2,485 Bank premises 1,517 92 182 49 152 130 280 108 43 124 49 138 171 Other assets(6) 36,468 1,906 12,808 1,235 2,439 5,282 2,449 3,757 966 619 957 801 3,251 Interdistrict settlement account 0 - 4,383 + 8,971 - 2,895 - 5,152 + 1,873 + 1,080 - 6,436 - 1,900 + 4,529 - 1,015 + 8,451 - 3,123 TOTAL ASSETS 673,322 32,755 281,825 22,141 31,103 55,013 47,767 69,118 21,000 15,451 18,401 23,741 55,007 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 699 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 489 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,023 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,512 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 June 19, 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 623,523 30,453 266,870 20,556 28,203 46,863 44,537 64,332 19,717 13,868 17,026 22,319 48,778 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,341 646 2,218 526 933 2,862 1,083 2,100 480 463 584 597 1,850 U.S. Treasury--general account 6,899 0 6,899 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 113 2 89 1 3 7 2 3 1 1 1 1 3 Other 251 19 135 0 1 89 0 2 2 0 1 0 0 Total deposits 21,604 666 9,340 528 937 2,959 1,086 2,105 483 463 586 598 1,853 Deferred credit items 8,487 582 908 453 402 613 888 703 250 571 290 377 2,450 Other liabilities and accrued dividends (2) 2,554 155 785 112 149 271 209 273 110 84 99 95 211 TOTAL LIABILITIES 656,168 31,857 277,904 21,649 29,691 50,705 46,720 67,413 20,560 14,987 18,000 23,389 53,292 CAPITAL ACCOUNTS Capital paid in 8,320 432 1,852 235 686 2,122 470 817 208 304 194 169 831 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,523 49 565 36 62 429 42 95 82 41 16 18 88 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 673,322 32,755 281,825 22,141 31,103 55,013 47,767 69,118 21,000 15,451 18,401 23,741 55,007 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 752,271 35,158 307,381 27,072 33,164 56,917 61,094 70,985 23,539 15,786 20,989 34,054 66,131 Less--Held by F.R. Banks 128,748 4,705 40,511 6,515 4,961 10,054 16,557 6,653 3,822 1,917 3,964 11,735 17,352 F.R. notes, net 623,523 30,453 266,870 20,556 28,203 46,863 44,537 64,332 19,717 13,868 17,026 22,319 48,778 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 610,279 Total collateral 623,523 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.