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 June 13, 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 Jun 12, 2002 Jun 5, 2002 Jun 13, 2001 Jun 12, 2002 Reserve Bank Credit 650,293 - 1,017 + 65,114 661,254 U.S. government securities (1) Bought outright-system account (2,3) 589,060 + 1,657 + 57,955 589,396 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) 23,936 - 2,993 + 6,293 34,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 + 5 - 263 2 Seasonal credit 106 - 14 0 105 Extended credit 0 0 0 0 Float -221 - 179 - 676 -303 Other F.R. assets 37,398 + 508 + 1,806 37,544 Gold stock 11,044 0 - 1 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,745 + 14 + 1,152 33,745 Total factors supplying reserve funds 697,281 - 1,003 + 66,264 708,243 Currency in circulation* 654,240 - 60 + 59,962 655,857 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 411 - 4 - 70 408 Deposits,other than reserve balances,with F.R.Banks Treasury 5,289 - 49 + 411 4,727 Foreign 85 - 15 0 109 Service-related balances and adjustments (5) 10,004 + 205 + 2,996 10,004 Other 238 + 12 - 73 243 Other F.R. liabilities and capital 19,749 + 170 + 1,619 19,529 Total factors, other than reserve balances, absorbing reserve funds 690,016 + 258 + 64,845 690,878 Reserve balances with F.R. Banks (6) 7,265 - 1,261 + 1,419 17,365 On June 12, 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 $ 770,502 million, a change of $ - 2,646 million for the week. The total includes $ 620,646 million of U.S. government securities and $ 149,856 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 $ 21,856 million (daily average over statement week) and $ 21,780 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 21,856 million (daily average) and $ 21,780 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 262 million (daily average) and $ 125 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,171 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 $ 9,810 million and adjustments of $ 194 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 Jun 12, 2002 Jun 5, 2002 Jun 13, 2001 ASSETS Gold certificate account 11,044 0 0 Special drawing rights certificate account 2,200 0 0 Coin 932 + 3 - 173 Loans 107 - 2 - 32 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 34,500 + 11,750 + 14,000 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 195,389 + 1,017 + 14,161 Notes (3) 288,585 + 9 + 37,160 Bonds (4) 105,422 + 7 + 6,201 Total bought outright (5) 589,396 + 1,033 + 57,522 Held under repurchase agreements 0 0 0 Total U.S. government securities 589,396 + 1,033 + 57,522 Total loans and securities 624,014 + 12,783 + 71,491 Items in process of collection (1,070) 7,740 - 1,217 - 1,047 Bank premises 1,516 + 2 + 9 Other assets (6) 36,030 + 481 + 1,889 TOTAL ASSETS (1,070) 683,476 + 12,052 + 72,169 LIABILITIES Federal Reserve notes 623,453 + 626 + 59,091 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 27,930 + 13,376 + 11,336 U.S. Treasury--general account 4,727 - 1,049 - 2 Foreign--official accounts 109 + 13 + 27 Other (0) 243 - 8 - 45 Total deposits (0) 33,009 + 12,332 + 11,316 Deferred availability cash items (1,070) 7,485 - 985 0 Other liabilities and accrued dividends (7) 2,563 + 55 - 826 TOTAL LIABILITIES (1,070) 666,510 + 12,028 + 69,581 CAPITAL ACCOUNTS Capital paid in 8,294 + 12 + 1,230 Surplus 7,312 0 + 695 Other capital accounts 1,360 + 11 + 664 *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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 689 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 481 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,780 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 125 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, June 12, 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 26 17,505 - 92 0 0 30,500 0 16 days to 90 days 81 137,822 + 79 0 0 4,000 0 91 days to 1 year 0 132,570 + 1,031 0 0 ------ ------ Over 1 to 5 years 167,483 + 2 10 0 ------ ------ Over 5 to 10 years 52,473 + 6 0 0 ------ ------ Over 10 years 81,543 + 7 0 0 ------ ------ Total 107 589,396 + 1,033 10 0 34,500 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,171 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 June 12, 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 11,044 533 4,369 430 522 819 926 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 932 45 47 45 46 124 100 121 57 36 68 123 121 Loans 107 0 0 0 0 0 2 33 17 36 13 2 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 34,500 0 34,500 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 195,389 11,195 76,878 7,513 10,781 15,239 13,912 22,993 6,948 3,054 5,776 4,336 16,764 Notes (3) 288,585 16,534 113,547 11,097 15,923 22,508 20,548 33,961 10,261 4,511 8,531 6,405 24,759 Bonds (4) 105,422 6,040 41,479 4,054 5,817 8,222 7,506 12,406 3,749 1,648 3,116 2,340 9,045 Total bought outright(5) 589,396 33,769 231,905 22,664 32,520 45,969 41,967 69,360 20,958 9,214 17,423 13,081 50,568 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 589,396 33,769 231,905 22,664 32,520 45,969 41,967 69,360 20,958 9,214 17,423 13,081 50,568 Total loans and securities 624,014 33,770 266,408 22,664 32,520 45,969 41,970 69,395 20,975 9,250 17,436 13,083 50,572 Items in process of collection 8,810 541 713 384 397 611 764 505 457 630 622 488 2,699 Bank premises 1,516 92 181 49 152 130 280 109 43 124 49 138 171 Other assets(6) 36,030 1,875 12,614 1,250 2,405 5,214 2,420 3,749 947 614 948 792 3,203 Interdistrict settlement account 0 - 2,257 - 268 - 2,841 - 3,023 + 2,243 + 1,547 - 3,652 - 1,534 + 4,854 - 339 + 8,433 - 3,165 TOTAL ASSETS 684,546 34,714 284,938 22,064 33,123 55,257 48,173 71,519 21,361 15,717 19,160 23,640 54,880 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 689 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 481 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,780 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 125 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 June 12, 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 623,453 30,794 265,991 20,486 28,620 47,343 44,303 65,210 19,825 13,847 17,205 21,748 48,082 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,930 2,354 8,483 515 2,517 2,631 1,655 3,696 728 806 1,098 1,088 2,358 U.S. Treasury--general account 4,727 0 4,727 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 109 2 85 1 3 7 2 3 1 1 1 1 3 Other 243 15 136 0 1 83 0 3 3 0 1 0 0 Total deposits 33,009 2,370 13,431 516 2,521 2,722 1,657 3,702 731 807 1,100 1,089 2,362 Deferred credit items 8,555 506 860 474 430 647 966 647 261 523 350 358 2,533 Other liabilities and accrued dividends (2) 2,563 154 787 114 151 268 210 274 111 85 100 96 213 TOTAL LIABILITIES 667,580 33,824 281,069 21,590 31,723 50,979 47,136 69,832 20,929 15,263 18,755 23,292 53,189 CAPITAL ACCOUNTS Capital paid in 8,294 432 1,834 234 686 2,119 470 817 208 304 194 169 828 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,360 40 531 19 49 401 33 77 75 32 20 15 68 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 684,546 34,714 284,938 22,064 33,123 55,257 48,173 71,519 21,361 15,717 19,160 23,640 54,880 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 752,193 35,382 306,650 27,023 33,368 57,195 60,920 71,597 23,606 15,821 21,028 33,795 65,808 Less--Held by F.R. Banks 128,740 4,589 40,659 6,537 4,748 9,853 16,617 6,387 3,780 1,974 3,823 12,047 17,726 F.R. notes, net 623,453 30,794 265,991 20,486 28,620 47,343 44,303 65,210 19,825 13,847 17,205 21,748 48,082 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) 610,209 Total collateral 623,453 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.