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 March 14, 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 Mar 13, 2002 Mar 6, 2002 Mar 14, 2001 Mar 13, 2002 Reserve Bank Credit 634,224 - 2,009 + 59,118 633,320 U.S. government securities (1) Bought outright-system account (2,3) 571,914 + 3,404 + 49,109 572,728 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) 25,043 - 7,349 + 8,330 24,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 10 - 11 0 Seasonal credit 20 + 6 0 22 Extended credit 0 0 0 0 Float 713 + 1,089 + 368 -116 Other F.R. assets 36,521 + 850 + 1,322 36,676 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,335 + 14 + 1,170 33,335 Total factors supplying reserve funds 680,804 - 1,995 + 60,288 679,900 Currency in circulation* 639,381 + 1,066 + 54,311 640,390 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 421 + 6 - 83 430 Deposits,other than reserve balances,with F.R.Banks Treasury 4,801 - 672 - 92 4,997 Foreign 124 0 + 45 316 Service-related balances and adjustments (5) 9,479 + 431 + 2,370 9,479 Other 229 - 19 - 34 205 Other F.R. liabilities and capital 18,596 + 589 + 253 18,114 Total factors, other than reserve balances, absorbing reserve funds 673,031 + 1,402 + 56,770 673,930 Reserve balances with F.R. Banks (6) 7,773 - 3,397 + 3,517 5,969 On March 13, 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 $ 745,301 million, a change of $ - 1,735 million for the week. The total includes $ 604,387 million of U.S. government securities and $ 140,914 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 $ 18,288 million (daily average over statement week) and $ 18,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,288 million (daily average) and $ 18,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,132 million (daily average) and $ 250 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 937 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 $ 8,930 million and adjustments of $ 549 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 Mar 13, 2002 Mar 6, 2002 Mar 14, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,094 - 17 - 32 Loans 22 - 6 - 90 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 24,000 - 11,249 + 6,505 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 191,062 + 91 + 6,535 Notes (3) 277,510 + 2,529 + 34,462 Bonds (4) 104,156 + 18 + 8,324 Total bought outright (5) 572,728 + 2,637 + 49,321 Held under repurchase agreements 0 0 0 Total U.S. government securities 572,728 + 2,637 + 49,321 Total loans and securities 596,761 - 8,617 + 55,737 Items in process of collection (1,110) 7,506 - 1,120 - 17 Bank premises 1,510 + 1 + 33 Other assets (6) 35,167 + 556 + 1,098 TOTAL ASSETS (1,110) 655,281 - 9,199 + 56,817 LIABILITIES Federal Reserve notes 608,578 + 217 + 52,847 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,301 - 8,536 + 3,337 U.S. Treasury--general account 4,997 - 413 + 433 Foreign--official accounts 316 + 241 + 243 Other (-3) 205 - 36 - 42 Total deposits (-3) 20,819 - 8,743 + 3,971 Deferred availability cash items (1,112) 7,770 - 535 - 39 Other liabilities and accrued dividends (7) 2,417 + 44 - 1,508 TOTAL LIABILITIES (1,110) 639,584 - 9,017 + 55,271 CAPITAL ACCOUNTS Capital paid in 7,650 + 14 + 627 Surplus 7,274 + 1 + 852 Other capital accounts 772 - 198 + 67 *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 $ 536 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 401 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 250 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, March 13, 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 7 17,402 + 549 0 0 18,000 0 16 days to 90 days 16 130,581 + 1,052 0 0 6,000 0 91 days to 1 year 0 133,362 - 54 0 0 ------ ------ Over 1 to 5 years 158,466 + 1,087 10 0 ------ ------ Over 5 to 10 years 51,955 + 2 0 0 ------ ------ Over 10 years 80,962 + 2 0 0 ------ ------ Total 22 572,728 + 2,637 10 0 24,000 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 937 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 March 13, 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 1,094 65 56 60 63 167 100 132 58 38 81 133 142 Loans 22 1 0 0 0 0 0 4 0 11 3 0 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 24,000 0 24,000 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 191,062 11,479 78,265 7,848 11,186 11,414 13,138 21,639 6,886 596 5,897 3,464 19,249 Notes (3) 277,510 16,673 113,677 11,398 16,247 16,579 19,082 31,430 10,002 866 8,565 5,031 27,959 Bonds (4) 104,156 6,258 42,666 4,278 6,098 6,222 7,162 11,796 3,754 325 3,215 1,888 10,493 Total bought outright(5) 572,728 34,411 234,609 23,524 33,530 34,215 39,383 64,866 20,643 1,787 17,677 10,383 57,701 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 572,728 34,411 234,609 23,524 33,530 34,215 39,383 64,866 20,643 1,787 17,677 10,383 57,701 Total loans and securities 596,761 34,412 258,613 23,525 33,531 34,216 39,383 64,871 20,643 1,798 17,680 10,383 57,706 Items in process of collection 8,616 482 800 451 304 557 687 615 383 753 499 632 2,453 Bank premises 1,510 92 178 49 151 131 280 107 43 123 49 137 171 Other assets(6) 35,167 1,882 12,679 1,248 2,396 4,713 2,326 3,555 943 388 949 711 3,376 Interdistrict settlement account 0 - 4,527 -12,349 - 2,998 - 4,116 +13,125 + 2,750 + 1,399 - 246 +12,207 - 820 + 8,606 -13,031 TOTAL ASSETS 656,391 33,067 265,301 22,871 32,970 53,797 46,563 71,918 22,238 15,480 18,821 21,176 52,188 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 $ 536 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 401 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 250 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 March 13, 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 608,578 30,679 250,902 20,708 30,122 46,602 43,479 67,633 21,093 13,970 17,296 19,815 46,279 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,301 719 3,588 1,079 919 2,676 938 1,744 475 488 585 561 1,530 U.S. Treasury--general account 4,997 0 4,997 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 316 2 292 1 3 7 2 3 1 1 1 1 3 Other 202 8 134 0 1 45 0 1 3 0 7 2 1 Total deposits 20,816 729 9,011 1,080 923 2,728 940 1,749 478 489 592 563 1,534 Deferred credit items 8,883 619 1,057 507 378 665 925 623 243 571 431 366 2,497 Other liabilities and accrued dividends (2) 2,417 150 763 112 146 219 202 254 107 63 99 91 212 TOTAL LIABILITIES 640,694 32,176 261,732 22,407 31,570 50,215 45,547 70,259 21,920 15,093 18,418 20,835 50,522 CAPITAL ACCOUNTS Capital paid in 7,650 429 1,673 221 683 1,775 447 800 150 306 194 166 805 Surplus 7,274 418 1,504 221 665 1,757 535 793 149 81 191 164 796 Other capital accounts 772 42 391 22 53 50 34 66 19 0 19 11 65 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 656,391 33,067 265,301 22,871 32,970 53,797 46,563 71,918 22,238 15,480 18,821 21,176 52,188 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,373 35,498 295,343 27,829 34,390 56,337 62,860 74,742 24,192 16,117 21,591 33,828 67,646 Less--Held by F.R. Banks 141,795 4,819 44,441 7,121 4,269 9,735 19,381 7,109 3,100 2,147 4,295 14,013 21,366 F.R. notes, net 608,578 30,679 250,902 20,708 30,122 46,602 43,479 67,633 21,093 13,970 17,296 19,815 46,279 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) 595,334 Total collateral 608,578 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.