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 February 7, 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 Feb 6, 2002 Jan 30, 2002 Feb 7, 2001 Feb 6, 2002 Reserve Bank Credit 629,719 + 2,091 + 57,637 631,728 U.S. government securities (1) Bought outright-system account (2,3) 562,126 + 1,085 + 46,547 563,520 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 111 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 28,607 + 143 + 9,686 29,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 - 5 0 5 Seasonal credit 16 - 3 - 3 25 Extended credit 0 0 0 0 Float 964 + 986 + 341 351 Other F.R. assets 37,991 - 114 + 1,177 38,316 Gold stock 11,045 0 - 1 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,265 + 14 + 1,300 33,265 Total factors supplying reserve funds 676,229 + 2,105 + 58,936 678,238 Currency in circulation* 631,637 + 1,357 + 51,615 634,133 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 414 - 8 - 64 408 Deposits,other than reserve balances,with F.R.Banks Treasury 6,196 - 2,974 + 1,347 5,376 Foreign 190 - 73 + 101 594 Service-related balances and adjustments (5) 9,014 + 87 + 2,566 9,014 Other 262 + 25 - 77 253 Other F.R. liabilities and capital 17,539 + 38 - 493 17,460 Total factors, other than reserve balances, absorbing reserve funds 665,252 - 1,548 + 54,994 667,238 Reserve balances with F.R. Banks (6) 10,977 + 3,653 + 3,942 10,999 On February 6, 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 $ 730,389 million, a change of $ + 3,576 million for the week. The total includes $ 600,995 million of U.S. government securities and $ 129,393 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 $ 19,161 million (daily average over statement week) and $ 18,342 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,161 million (daily average) and $ 18,342 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,653 million (daily average) and $ 1,844 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 $ 934 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 $ 8,649 million and adjustments of $ 365 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 Feb 6, 2002 Jan 30, 2002 Feb 7, 2001 ASSETS Gold certificate account 11,044 - 1 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,162 + 11 + 67 Loans 30 + 5 - 1 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 29,500 - 2,750 + 5,515 Federal agency obligations (2) Bought outright 10 0 - 100 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 189,785 - 112 + 6,368 Notes (3) 269,172 + 604 + 29,448 Bonds (4) 104,563 + 95 + 11,218 Total bought outright (5) 563,520 + 587 + 47,034 Held under repurchase agreements 0 0 0 Total U.S. government securities 563,520 + 587 + 47,034 Total loans and securities 593,061 - 2,158 + 52,450 Items in process of collection (1,053) 9,584 - 101 - 686 Bank premises 1,510 + 1 + 42 Other assets (6) 36,812 - 48 + 1,195 TOTAL ASSETS (1,053) 655,374 - 2,295 + 53,066 LIABILITIES Federal Reserve notes 602,438 + 2,802 + 50,672 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 20,757 + 2,165 + 810 U.S. Treasury--general account 5,376 - 7,964 + 1,471 Foreign--official accounts 594 + 160 + 498 Other (0) 253 + 25 - 82 Total deposits (0) 26,979 - 5,615 + 2,696 Deferred availability cash items (1,053) 8,496 + 484 + 143 Other liabilities and accrued dividends (7) 2,300 - 22 - 1,696 TOTAL LIABILITIES (1,053) 640,214 - 2,349 + 51,817 CAPITAL ACCOUNTS Capital paid in 7,437 + 4 + 421 Surplus 7,269 - 2 + 970 Other capital accounts 454 + 52 - 141 *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 $ 551 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 $ 383 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,844 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, February 6, 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 18 21,530 - 3,227 0 0 23,500 0 16 days to 90 days 13 120,531 - 2,361 0 0 6,000 0 91 days to 1 year 0 131,590 + 5,558 0 0 ------ ------ Over 1 to 5 years 158,021 + 289 10 0 ------ ------ Over 5 to 10 years 51,958 + 331 0 0 ------ ------ Over 10 years 79,890 - 4 0 0 ------ ------ Total 30 563,520 + 587 10 0 29,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 934 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 February 6, 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 11,044 546 4,450 454 538 741 871 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 1,162 64 60 55 67 180 128 135 64 36 81 145 147 Loans 30 7 0 0 0 0 0 2 1 5 7 4 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 29,500 0 29,500 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 189,785 11,403 77,742 7,795 11,111 11,338 13,050 21,495 6,840 592 5,858 3,440 19,120 Notes (3) 269,172 16,172 110,262 11,056 15,759 16,080 18,509 30,486 9,702 840 8,308 4,880 27,118 Bonds (4) 104,563 6,282 42,832 4,295 6,122 6,247 7,190 11,843 3,769 326 3,227 1,896 10,534 Total bought outright(5) 563,520 33,858 230,837 23,146 32,991 33,665 38,749 63,823 20,311 1,758 17,393 10,216 56,773 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 563,520 33,858 230,837 23,146 32,991 33,665 38,749 63,823 20,311 1,758 17,393 10,216 56,773 Total loans and securities 593,061 33,865 260,341 23,146 32,992 33,666 38,750 63,827 20,312 1,763 17,400 10,220 56,780 Items in process of collection 10,637 504 1,304 544 573 730 896 683 661 494 706 927 2,614 Bank premises 1,510 92 177 49 151 132 280 106 43 123 49 137 172 Other assets(6) 36,812 1,988 13,407 1,311 2,482 4,757 2,442 3,747 1,012 390 1,004 737 3,536 Interdistrict settlement account 0 - 2,176 -11,812 - 3,449 - 3,547 +10,955 + 4,430 + 2,444 + 105 +12,737 - 935 + 3,819 -12,572 TOTAL ASSETS 656,427 34,997 268,801 22,193 33,360 51,307 47,964 72,181 22,611 15,717 18,689 16,560 52,048 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 $ 551 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 $ 383 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,844 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 February 6, 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 602,438 30,934 251,898 20,734 30,045 45,518 44,346 66,773 21,068 13,811 16,833 14,970 45,507 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 20,757 2,364 5,731 401 1,311 1,185 1,463 2,874 893 903 874 689 2,069 U.S. Treasury--general account 5,376 0 5,376 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 594 2 570 1 3 7 2 3 1 1 1 1 3 Other 253 3 136 0 1 101 0 4 1 0 5 0 1 Total deposits 26,979 2,369 11,813 402 1,314 1,294 1,466 2,882 895 903 880 690 2,073 Deferred credit items 9,550 672 1,158 491 480 747 959 648 227 559 482 477 2,651 Other liabilities and accrued dividends (2) 2,300 143 730 108 134 207 191 248 104 61 97 84 196 TOTAL LIABILITIES 641,267 34,118 265,598 21,735 31,973 47,765 46,961 70,551 22,294 15,334 18,291 16,221 50,427 CAPITAL ACCOUNTS Capital paid in 7,437 429 1,504 221 681 1,762 447 791 150 307 193 166 787 Surplus 7,269 418 1,504 221 665 1,757 535 793 149 76 191 164 796 Other capital accounts 454 31 195 16 41 24 21 46 18 0 14 9 38 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 656,427 34,997 268,801 22,193 33,360 51,307 47,964 72,181 22,611 15,717 18,689 16,560 52,048 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,175 35,795 295,686 27,784 34,640 55,874 63,549 74,012 23,860 16,218 21,333 33,252 68,172 Less--Held by F.R. Banks 147,737 4,861 43,788 7,050 4,595 10,357 19,202 7,239 2,792 2,407 4,500 18,282 22,665 F.R. notes, net 602,438 30,934 251,898 20,734 30,045 45,518 44,346 66,773 21,068 13,811 16,833 14,970 45,507 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) 589,194 Total collateral 602,438 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.