FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 17, 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 Oct 16, 2002 Oct 9, 2002 Oct 17, 2001 Oct 16, 2002 Reserve Bank Credit 661,675 + 6,027 + 44,989 667,222 U.S. government securities (1) Bought outright-system account (2,3) 609,633 + 523 + 68,311 610,360 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) 12,536 + 5,107 - 20,618 13,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 - 40 - 2 30 Seasonal credit 124 - 12 + 57 129 Extended credit 0 0 0 0 Float 671 + 218 - 244 4,286 Other F.R. assets 38,696 + 230 - 2,517 38,657 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,149 + 14 + 1,182 34,149 Total factors supplying reserve funds 709,066 + 6,040 + 46,168 714,614 Currency in circulation* 664,218 + 2,729 + 48,179 664,828 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 384 + 8 - 58 399 Deposits,other than reserve balances,with F.R.Banks Treasury 4,327 - 779 - 395 4,592 Foreign 77 - 39 - 555 75 Service-related balances and adjustments (5) 10,298 + 7 + 2,202 10,298 Other 216 - 36 - 41 215 Other F.R. liabilities and capital 19,535 + 9 + 1,577 19,283 Total factors, other than reserve balances, absorbing reserve funds 699,054 + 1,897 + 50,908 699,691 Reserve balances with F.R. Banks (6) 10,012 + 4,143 - 4,740 14,923 On October 16, 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 $ 806,678 million, a change of $ - 1,290 million for the week. The total includes $ 655,304 million of U.S. government securities and $ 151,374 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 $ 18,798 million (daily average over statement week) and $ 18,076 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,798 million (daily average) and $ 18,076 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,282 million (daily average) and $ 1,190 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,195 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 $ 9,998 million and adjustments of $ 300 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 Oct 16, 2002 Oct 9, 2002 Oct 17, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,059 - 13 - 46 Loans 159 + 22 + 94 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 13,750 + 6,750 - 23,295 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 208,357 + 835 + 24,984 Notes (3) 295,895 + 6 + 37,506 Bonds (4) 106,108 + 4 + 3,847 Total bought outright (5) 610,360 + 844 + 66,336 Held under repurchase agreements 0 0 0 Total U.S. government securities 610,360 + 844 + 66,336 Total loans and securities 624,280 + 7,617 + 43,136 Items in process of collection (1,605) 16,095 + 8,578 + 7,998 Bank premises 1,526 + 3 + 15 Other assets (6) 37,138 - 52 + 627 TOTAL ASSETS (1,605) 693,335 + 16,132 + 51,723 LIABILITIES Federal Reserve notes 632,133 + 1,433 + 47,397 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 25,470 + 10,401 + 175 U.S. Treasury--general account 4,592 + 191 - 446 Foreign--official accounts 75 - 1 - 669 Other (0) 215 - 43 - 41 Total deposits (0) 30,353 + 10,550 - 980 Deferred availability cash items (1,605) 11,567 + 4,289 + 3,757 Other liabilities and accrued dividends (7) 2,393 - 61 - 454 TOTAL LIABILITIES (1,605) 676,445 + 16,211 + 49,720 CAPITAL ACCOUNTS Capital paid in 8,270 + 2 + 999 Surplus 7,312 0 + 568 Other capital accounts 1,309 - 80 + 437 *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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 670 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 525 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,190 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, October 16, 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 101 24,991 + 6,722 0 0 11,750 0 16 days to 90 days 58 130,389 - 5,003 0 0 2,000 0 91 days to 1 year 0 144,915 - 885 0 0 ------ ------ Over 1 to 5 years 176,887 + 1 10 0 ------ ------ Over 5 to 10 years 51,448 + 4 0 0 ------ ------ Over 10 years 81,730 + 4 0 0 ------ ------ Total 159 610,360 + 844 10 0 13,750 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,195 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 October 16, 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 11,038 533 4,363 430 522 819 926 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 1,059 46 52 50 52 141 133 133 62 34 70 156 129 Loans 159 0 0 0 0 0 9 22 24 40 19 8 37 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 13,750 0 13,750 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 208,357 11,938 81,980 8,012 11,496 16,250 14,836 24,519 7,409 3,257 6,159 4,624 17,876 Notes (3) 295,895 16,953 116,423 11,378 16,326 23,078 21,069 34,821 10,521 4,626 8,747 6,567 25,387 Bonds (4) 106,108 6,079 41,750 4,080 5,855 8,276 7,555 12,487 3,773 1,659 3,137 2,355 9,104 Total bought outright(5) 610,360 34,970 240,153 23,470 33,677 47,604 43,460 71,827 21,703 9,542 18,042 13,546 52,366 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 610,360 34,970 240,153 23,470 33,677 47,604 43,460 71,827 21,703 9,542 18,042 13,546 52,366 Total loans and securities 624,280 34,971 253,907 23,470 33,677 47,604 43,470 71,851 21,727 9,581 18,062 13,554 52,404 Items in process of collection 17,699 1,097 1,549 1,192 865 1,515 2,200 1,514 887 890 1,261 893 3,836 Bank premises 1,526 91 183 49 152 129 279 115 43 125 49 138 172 Other assets(6) 37,138 1,941 13,090 1,190 2,486 5,397 2,492 3,829 985 631 972 814 3,311 Interdistrict settlement account 0 - 4,585 +30,311 - 6,529 - 5,693 + 1,636 - 4,329 -13,589 - 3,148 + 4,027 - 2,855 + 9,791 - 5,036 TOTAL ASSETS 694,940 34,210 304,329 19,935 32,166 57,389 45,338 65,145 20,973 15,497 17,934 25,929 56,095 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 670 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 525 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,190 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 October 16, 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 632,133 28,803 287,811 17,984 28,144 46,524 41,232 60,230 19,400 13,586 15,882 24,139 48,399 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 25,470 3,446 6,023 563 1,347 5,288 1,844 1,970 626 444 861 724 2,335 U.S. Treasury--general account 4,592 0 4,592 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 75 2 52 1 3 7 2 3 1 1 1 1 3 Other 215 7 138 0 2 58 0 4 3 0 1 1 1 Total deposits 30,353 3,455 10,804 564 1,352 5,354 1,846 1,977 630 445 863 725 2,339 Deferred credit items 13,171 924 1,268 793 1,130 1,117 1,032 948 424 797 685 599 3,454 Other liabilities and accrued dividends (2) 2,393 145 742 106 138 245 195 254 106 82 95 92 194 TOTAL LIABILITIES 678,049 33,327 300,625 19,446 30,763 53,240 44,304 63,408 20,560 14,909 17,524 25,556 54,386 CAPITAL ACCOUNTS Capital paid in 8,270 432 1,769 237 692 2,069 474 847 199 328 200 183 842 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,309 34 431 30 46 323 26 96 66 142 19 26 71 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 694,940 34,210 304,329 19,935 32,166 57,389 45,338 65,145 20,973 15,497 17,934 25,929 56,095 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,752 34,057 321,106 26,077 32,655 55,775 57,636 67,547 22,711 15,378 20,404 33,695 63,710 Less--Held by F.R. Banks 118,619 5,254 33,295 8,093 4,511 9,252 16,404 7,317 3,311 1,793 4,523 9,555 15,311 F.R. notes, net 632,133 28,803 287,811 17,984 28,144 46,524 41,232 60,230 19,400 13,586 15,882 24,139 48,399 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 618,895 Total collateral 632,133 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.