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 December 6, 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 Dec 5, 2001 Nov 28, 2001 Dec 6, 2000 Dec 5, 2001 Reserve Bank Credit 622,763 + 1,650 + 50,872 617,949 U.S. government securities (1) Bought outright-system account (2,3) 550,440 + 946 + 37,173 552,758 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) 34,571 - 672 + 10,894 28,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 - 1 - 61 2 Seasonal credit 34 + 1 - 87 36 Extended credit 0 0 0 0 Float 1,692 + 1,008 + 1,172 1,014 Other F.R. assets 36,007 + 367 + 1,900 36,128 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,139 + 26 + 1,738 33,139 Total factors supplying reserve funds 669,147 + 1,676 + 51,610 664,333 Currency in circulation* 625,473 - 759 + 46,195 626,844 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 435 + 6 + 82 441 Deposits,other than reserve balances,with F.R.Banks Treasury 5,500 + 426 + 225 4,788 Foreign 394 + 67 + 313 86 Service-related balances and adjustments (5) 8,532 + 374 + 1,926 8,532 Other 245 - 18 - 18 243 Other F.R. liabilities and capital 18,048 + 233 - 224 17,716 Total factors, other than reserve balances, absorbing reserve funds 658,627 + 329 + 48,499 658,650 Reserve balances with F.R. Banks (6) 10,520 + 1,346 + 3,111 5,683 On December 5, 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 $ 734,033 million, a change of $ - 3,318 million for the week. The total includes $ 603,298 million of U.S. government securities and $ 130,736 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 $ 19,766 million (daily average over statement week) and $ 18,889 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,766 million (daily average) and $ 18,889 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,244 million (daily average) and $ 3,862 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 $ 951 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 $ 8,248 million and adjustments of $ 285 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 Dec 5, 2001 Nov 28, 2001 Dec 6, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,049 + 3 + 135 Loans 39 + 4 - 95 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 28,000 - 11,350 + 5,475 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 185,817 + 518 + 2,433 Notes (3) 263,851 + 1,475 + 26,823 Bonds (4) 103,090 0 + 10,402 Total bought outright (5) 552,758 + 1,993 + 39,658 Held under repurchase agreements 0 0 0 Total U.S. government securities 552,758 + 1,993 + 39,658 Total loans and securities 580,807 - 9,354 + 44,918 Items in process of collection (986) 10,777 + 2,740 + 1,399 Bank premises 1,520 + 1 + 79 Other assets (6) 34,708 - 71 + 1,911 TOTAL ASSETS (986) 642,105 - 6,682 + 47,440 LIABILITIES Federal Reserve notes 595,194 - 26 + 44,899 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,853 - 8,430 + 2,698 U.S. Treasury--general account 4,788 + 475 - 427 Foreign--official accounts 86 - 265 - 3 Other (0) 243 - 29 - 1 Total deposits (0) 19,970 - 8,249 + 2,268 Deferred availability cash items (986) 9,225 + 1,735 + 631 Other liabilities and accrued dividends (7) 2,681 - 6 - 1,716 TOTAL LIABILITIES (986) 627,070 - 6,546 + 46,082 CAPITAL ACCOUNTS Capital paid in 7,357 - 13 + 269 Surplus 6,730 - 3 + 4,051 Other capital accounts 949 - 120 - 2,961 *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 $ 583 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 $ 368 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,889 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,862 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, December 5, 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 17 15,078 - 8,869 0 0 18,000 0 16 days to 90 days 22 125,205 + 11,896 0 0 10,000 0 91 days to 1 year 0 129,286 - 1,037 0 0 ------ ------ Over 1 to 5 years 151,093 + 2 10 0 ------ ------ Over 5 to 10 years 53,251 0 0 0 ------ ------ Over 10 years 78,845 0 0 0 ------ ------ Total 39 552,758 + 1,993 10 0 28,000 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 December 5, 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 1,049 53 67 40 63 173 112 119 57 33 67 127 137 Loans 39 2 0 0 0 0 4 10 4 3 10 1 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 28,000 0 28,000 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 185,817 11,164 76,117 7,632 10,879 11,101 12,777 21,045 6,697 580 5,735 3,369 18,721 Notes (3) 263,851 15,853 108,082 10,837 15,447 15,763 18,143 29,883 9,510 823 8,144 4,783 26,582 Bonds (4) 103,090 6,194 42,229 4,234 6,035 6,159 7,089 11,676 3,716 322 3,182 1,869 10,386 Total bought outright(5) 552,758 33,211 226,428 22,704 32,361 33,022 38,009 62,604 19,923 1,725 17,061 10,021 55,689 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 552,758 33,211 226,428 22,704 32,361 33,022 38,009 62,604 19,923 1,725 17,061 10,021 55,689 Total loans and securities 580,807 33,213 254,432 22,704 32,362 33,023 38,014 62,616 19,928 1,728 17,071 10,022 55,694 Items in process of collection 11,763 841 1,223 497 517 754 1,177 732 689 637 735 808 3,152 Bank premises 1,520 92 177 49 152 133 285 111 42 123 49 136 172 Other assets(6) 34,708 1,772 12,516 1,262 2,066 4,790 2,271 3,331 919 661 930 775 3,417 Interdistrict settlement account 0 - 3,199 -15,440 - 1,695 - 2,102 +10,552 + 4,138 + 4,948 + 531 +10,764 - 924 + 2,472 -10,046 TOTAL ASSETS 643,091 33,434 258,300 23,394 33,699 50,312 47,034 73,097 22,578 14,120 18,311 14,916 53,896 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 $ 583 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 $ 368 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,889 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,862 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 December 5, 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 595,194 31,053 245,534 21,819 30,360 43,690 43,339 68,011 21,150 12,704 16,670 13,408 47,455 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,853 729 2,467 453 1,377 1,896 1,385 2,469 734 464 563 612 1,704 U.S. Treasury--general account 4,788 0 4,788 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 86 2 62 1 2 7 2 3 1 1 1 1 3 Other 243 1 134 0 0 87 1 3 1 2 13 1 1 Total deposits 19,970 731 7,451 454 1,380 1,990 1,388 2,475 735 466 577 614 1,708 Deferred credit items 10,210 623 1,260 536 462 876 985 733 267 606 567 447 2,849 Other liabilities and accrued dividends (2) 2,681 164 854 121 166 249 222 283 113 63 106 92 248 TOTAL LIABILITIES 628,055 32,572 255,098 22,930 32,368 46,805 45,933 71,502 22,265 13,840 17,920 14,561 52,261 CAPITAL ACCOUNTS Capital paid in 7,357 418 1,503 222 665 1,756 531 775 149 180 190 163 805 Surplus 6,730 358 1,468 228 472 1,679 495 632 138 101 179 188 792 Other capital accounts 949 85 232 15 194 72 75 188 26 0 21 4 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 643,091 33,434 258,300 23,394 33,699 50,312 47,034 73,097 22,578 14,120 18,311 14,916 53,896 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 748,513 35,998 289,503 28,691 35,433 55,574 64,616 75,608 24,045 14,990 21,147 33,068 69,839 Less--Held by F.R. Banks 153,318 4,945 43,969 6,872 5,073 11,884 21,278 7,597 2,895 2,285 4,477 19,659 22,384 F.R. notes, net 595,194 31,053 245,534 21,819 30,360 43,690 43,339 68,011 21,150 12,704 16,670 13,408 47,455 Collateral held against F.R. notes Gold certificate account 11,045 Special drawing rights certificate account 2,200 Other eligible assets 1,181 U.S. govt. and agency securities(3) 580,768 Total collateral 595,194 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.