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 January 24, 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 Jan 23, 2002 Jan 16, 2002 Jan 24, 2001 Jan 23, 2002 Reserve Bank Credit 631,916 + 2,813 + 54,366 658,289 U.S. government securities (1) Bought outright-system account (2,3) 557,929 - 534 + 40,941 560,195 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) 35,929 + 2,958 + 13,500 56,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 21 + 13 - 58 42 Seasonal credit 17 + 7 - 6 20 Extended credit 0 0 0 0 Float 97 + 178 - 1,075 3,412 Other F.R. assets 37,913 + 190 + 1,183 38,110 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,237 + 14 + 1,396 33,237 Total factors supplying reserve funds 678,398 + 2,827 + 55,762 704,771 Currency in circulation* 631,965 - 779 + 51,384 632,344 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 417 - 15 - 28 423 Deposits,other than reserve balances,with F.R.Banks Treasury 7,099 + 1,387 + 21 9,850 Foreign 135 - 136 + 50 284 Service-related balances and adjustments (5) 9,212 + 324 + 2,264 9,212 Other 223 - 9 - 44 220 Other F.R. liabilities and capital 17,594 - 99 - 654 17,402 Total factors, other than reserve balances, absorbing reserve funds 666,645 + 673 + 52,993 669,736 Reserve balances with F.R. Banks (6) 11,753 + 2,154 + 2,769 35,034 On January 23, 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 $ 723,480 million, a change of $ - 5,886 million for the week. The total includes $ 594,291 million of U.S. government securities and $ 129,189 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 $ 20,782 million (daily average over statement week) and $ 18,744 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,782 million (daily average) and $ 18,744 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,473 million (daily average) and $ 1,667 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 $ 947 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 $ 8,402 million and adjustments of $ 810 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 Jan 23, 2002 Jan 16, 2002 Jan 24, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,120 + 26 + 92 Loans 62 + 48 + 34 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 56,500 + 25,600 + 23,500 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 187,154 - 605 + 2,644 Notes (3) 268,571 + 838 + 27,985 Bonds (4) 104,470 + 232 + 11,125 Total bought outright (5) 560,195 + 465 + 41,754 Held under repurchase agreements 0 0 0 Total U.S. government securities 560,195 + 465 + 41,754 Total loans and securities 616,766 + 26,112 + 65,168 Items in process of collection (722) 14,733 + 6,076 + 5,918 Bank premises 1,513 + 1 + 50 Other assets (6) 36,517 + 394 + 962 TOTAL ASSETS (722) 683,894 + 32,609 + 72,188 LIABILITIES Federal Reserve notes 600,651 + 123 + 50,940 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 44,456 + 26,587 + 15,778 U.S. Treasury--general account 9,850 + 3,131 + 2,493 Foreign--official accounts 284 + 196 + 215 Other (0) 220 - 18 - 42 Total deposits (0) 54,811 + 29,896 + 18,445 Deferred availability cash items (722) 11,030 + 2,652 + 3,338 Other liabilities and accrued dividends (7) 2,309 - 44 - 1,714 TOTAL LIABILITIES (722) 668,801 + 32,627 + 71,009 CAPITAL ACCOUNTS Capital paid in 7,420 + 1 + 409 Surplus 7,272 - 5 + 974 Other capital accounts 401 - 13 - 204 *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 $ 558 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 $ 388 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 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, January 23, 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 60 24,147 + 1,525 0 0 51,500 0 16 days to 90 days 2 114,976 - 1,911 0 0 5,000 0 91 days to 1 year 0 131,815 - 219 0 0 ------ ------ Over 1 to 5 years 157,733 + 1,073 10 0 ------ ------ Over 5 to 10 years 51,628 - 2 0 0 ------ ------ Over 10 years 79,896 - 1 0 0 ------ ------ Total 62 560,195 + 465 10 0 56,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 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 January 23, 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 11,045 546 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 1,120 62 61 52 64 172 122 127 63 34 77 140 147 Loans 62 4 0 0 0 7 0 39 2 1 1 4 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 56,500 0 56,500 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 187,154 11,245 76,665 7,687 10,957 11,181 12,869 21,197 6,746 584 5,777 3,393 18,855 Notes (3) 268,571 16,136 110,016 11,031 15,723 16,045 18,468 30,418 9,680 838 8,290 4,869 27,058 Bonds (4) 104,470 6,277 42,794 4,291 6,116 6,241 7,184 11,832 3,765 326 3,224 1,894 10,525 Total bought outright(5) 560,195 33,658 229,474 23,009 32,797 33,466 38,521 63,446 20,191 1,748 17,291 10,155 56,438 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 560,195 33,658 229,474 23,009 32,797 33,466 38,521 63,446 20,191 1,748 17,291 10,155 56,438 Total loans and securities 616,766 33,662 285,978 23,010 32,797 33,474 38,521 63,486 20,194 1,748 17,292 10,160 56,444 Items in process of collection 15,455 1,145 2,123 327 644 1,072 1,788 1,230 755 1,064 953 1,040 3,314 Bank premises 1,513 91 177 49 151 132 281 106 43 123 49 137 172 Other assets(6) 36,517 1,900 13,383 1,340 2,153 4,814 2,406 3,479 995 653 989 803 3,602 Interdistrict settlement account 0 - 1,161 -21,881 - 1,731 - 155 +11,648 + 4,397 + 6,122 + 198 +12,322 - 991 + 2,589 -11,356 TOTAL ASSETS 684,616 36,361 285,167 23,583 36,296 52,200 48,552 75,790 22,663 16,119 18,751 15,443 53,692 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 $ 558 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 $ 388 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 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 January 23, 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 600,651 30,933 253,051 20,804 29,923 44,417 44,248 66,586 20,894 13,890 16,343 13,418 46,144 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 44,456 3,564 16,464 1,735 4,360 3,055 1,942 6,527 1,027 1,062 1,406 877 2,438 U.S. Treasury--general account 9,850 0 9,850 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 284 2 260 1 2 7 2 3 1 1 1 1 3 Other 220 1 126 0 2 85 0 1 1 0 3 1 1 Total deposits 54,811 3,566 26,701 1,736 4,363 3,148 1,944 6,530 1,028 1,063 1,410 879 2,442 Deferred credit items 11,752 858 1,480 477 498 911 1,159 800 323 718 508 728 3,291 Other liabilities and accrued dividends (2) 2,309 145 736 110 132 209 187 250 104 62 93 85 196 TOTAL LIABILITIES 669,523 35,502 281,968 23,127 34,916 48,684 47,538 74,167 22,349 15,733 18,354 15,111 52,074 CAPITAL ACCOUNTS Capital paid in 7,420 419 1,504 221 681 1,759 447 790 149 307 192 164 788 Surplus 7,272 418 1,504 221 665 1,757 535 793 149 79 191 164 796 Other capital accounts 401 21 191 14 34 0 32 40 16 0 14 4 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 684,616 36,361 285,167 23,583 36,296 52,200 48,552 75,790 22,663 16,119 18,751 15,443 53,692 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,161 35,682 295,288 28,010 34,762 55,199 64,168 74,034 23,966 16,266 20,956 33,044 68,786 Less--Held by F.R. Banks 149,510 4,749 42,237 7,206 4,839 10,783 19,920 7,448 3,072 2,376 4,613 19,626 22,641 F.R. notes, net 600,651 30,933 253,051 20,804 29,923 44,417 44,248 66,586 20,894 13,890 16,343 13,418 46,144 Collateral held against F.R. notes Gold certificate account 11,045 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 587,406 Total collateral 600,651 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.