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 August 1, 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 Jul 31, 2002 Jul 24, 2002 Aug 1, 2001 Jul 31, 2002 Reserve Bank Credit 655,498 - 3,165 + 59,126 659,027 U.S. government securities (1) Bought outright-system account (2,3) 600,142 + 2,526 + 64,069 600,455 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) 15,429 - 5,678 - 6,885 19,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 23 + 8 + 17 4 Seasonal credit 180 - 3 - 16 182 Extended credit 0 0 0 0 Float -486 - 80 - 303 -950 Other F.R. assets 40,200 + 62 + 2,244 39,826 Gold stock 11,044 0 0 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,983 + 14 + 1,257 33,983 Total factors supplying reserve funds 702,724 - 3,152 + 60,383 706,252 Currency in circulation* 659,578 - 81 + 57,087 661,131 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 381 + 3 - 37 377 Deposits,other than reserve balances,with F.R.Banks Treasury 5,779 + 468 + 548 6,242 Foreign 94 + 17 + 15 164 Service-related balances and adjustments (5) 10,222 - 17 + 2,860 10,222 Other 216 - 2 - 90 236 Other F.R. liabilities and capital 19,201 - 564 + 1,144 18,940 Total factors, other than reserve balances, absorbing reserve funds 695,471 - 176 + 61,526 697,311 Reserve balances with F.R. Banks (6) 7,254 - 2,975 - 1,142 8,941 On July 31, 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 $ 798,001 million, a change of $ + 7,038 million for the week. The total includes $ 645,831 million of U.S. government securities and $ 152,171 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 $ 22,498 million (daily average over statement week) and $ 22,185 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,498 million (daily average) and $ 22,185 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,203 million (daily average) and $ 2,544 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 $ 1,151 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 $ 9,962 million and adjustments of $ 259 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 Jul 31, 2002 Jul 24, 2002 Aug 1, 2001 ASSETS Gold certificate account 11,038 - 1 - 6 Special drawing rights certificate account 2,200 0 0 Coin 947 + 25 - 163 Loans 186 - 102 - 6 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 19,500 - 7,250 - 7,650 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 202,969 - 55 + 22,264 Notes (3) 291,777 0 + 37,149 Bonds (4) 105,709 0 + 4,941 Total bought outright (5) 600,455 - 55 + 64,355 Held under repurchase agreements 0 0 0 Total U.S. government securities 600,455 - 55 + 64,355 Total loans and securities 620,151 - 7,408 + 56,699 Items in process of collection (1,026) 6,498 - 393 - 1,862 Bank premises 1,519 - 3 + 14 Other assets (6) 38,193 - 526 + 2,158 TOTAL ASSETS (1,026) 680,546 - 8,306 + 56,840 LIABILITIES Federal Reserve notes 628,468 + 534 + 54,732 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,183 - 10,166 - 164 U.S. Treasury--general account 6,242 + 1,157 + 2,094 Foreign--official accounts 164 + 86 + 92 Other (0) 236 + 9 - 94 Total deposits (0) 25,825 - 8,914 + 1,928 Deferred availability cash items (1,026) 7,313 + 361 - 1,125 Other liabilities and accrued dividends (7) 2,363 - 28 - 692 TOTAL LIABILITIES (1,026) 663,969 - 8,048 + 54,843 CAPITAL ACCOUNTS Capital paid in 8,266 + 1 + 1,101 Surplus 7,312 0 + 587 Other capital accounts 999 - 259 + 309 *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 $ 644 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 $ 507 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,185 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,544 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, July 31, 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 151 21,605 - 875 0 0 17,500 0 16 days to 90 days 35 124,250 - 6,436 0 0 2,000 0 91 days to 1 year 0 147,388 + 5,625 0 0 ------ ------ Over 1 to 5 years 171,575 + 1,631 10 0 ------ ------ Over 5 to 10 years 54,005 0 0 0 ------ ------ Over 10 years 81,632 0 0 0 ------ ------ Total 186 600,455 - 55 10 0 19,500 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,151 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 July 31, 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 947 40 47 41 46 125 121 115 57 33 66 136 119 Loans 186 0 3 0 0 0 6 44 34 69 20 9 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 19,500 0 19,500 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 202,969 11,629 79,860 7,805 11,199 15,830 14,452 23,885 7,217 3,173 6,000 4,505 17,414 Notes (3) 291,777 16,717 114,803 11,220 16,099 22,757 20,776 34,336 10,375 4,561 8,625 6,476 25,033 Bonds (4) 105,709 6,057 41,592 4,065 5,832 8,245 7,527 12,440 3,759 1,653 3,125 2,346 9,069 Total bought outright(5) 600,455 34,403 236,256 23,089 33,130 46,831 42,755 70,662 21,351 9,387 17,749 13,326 51,517 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 600,455 34,403 236,256 23,089 33,130 46,831 42,755 70,662 21,351 9,387 17,749 13,326 51,517 Total loans and securities 620,151 34,403 255,763 23,090 33,131 46,832 42,761 70,706 21,385 9,455 17,770 13,336 51,519 Items in process of collection 7,524 517 688 433 291 529 533 568 365 542 556 208 2,295 Bank premises 1,519 91 183 49 152 130 279 111 43 124 49 137 172 Other assets(6) 38,193 2,005 13,418 1,261 2,553 5,501 2,574 3,955 1,020 651 1,007 841 3,407 Interdistrict settlement account 0 - 5,353 +18,468 - 3,907 - 6,160 - 1,341 - 100 - 7,995 - 2,024 + 4,116 - 1,495 +10,900 - 5,109 TOTAL ASSETS 681,572 32,352 293,803 21,479 30,639 52,741 47,261 68,752 21,264 15,129 18,328 26,141 53,683 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 $ 644 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 $ 507 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,185 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,544 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 July 31, 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 628,468 29,949 275,063 19,674 27,913 46,078 43,960 63,626 19,758 13,642 16,481 24,667 47,657 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,183 786 6,828 772 836 1,680 1,300 2,539 718 369 906 688 1,762 U.S. Treasury--general account 6,242 0 6,242 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 164 2 140 1 3 7 2 3 1 1 1 1 3 Other 236 11 126 0 0 59 0 1 36 0 1 1 1 Total deposits 25,825 799 13,335 773 839 1,746 1,303 2,543 754 370 908 689 1,766 Deferred credit items 8,339 592 832 452 391 635 791 675 237 533 447 353 2,402 Other liabilities and accrued dividends (2) 2,363 144 750 106 135 226 197 255 105 75 95 89 185 TOTAL LIABILITIES 664,995 31,484 289,981 21,005 29,278 48,684 46,250 67,099 20,854 14,620 17,931 25,798 52,011 CAPITAL ACCOUNTS Capital paid in 8,266 432 1,852 235 687 2,059 473 818 201 305 198 169 836 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 999 18 466 18 10 240 3 41 59 86 9 9 40 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 681,572 32,352 293,803 21,479 30,639 52,741 47,261 68,752 21,264 15,129 18,328 26,141 53,683 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 748,243 34,770 310,356 26,508 32,583 56,054 59,682 69,878 23,289 15,625 20,824 33,683 64,989 Less--Held by F.R. Banks 119,775 4,822 35,293 6,835 4,670 9,977 15,722 6,252 3,531 1,983 4,342 9,016 17,332 F.R. notes, net 628,468 29,949 275,063 19,674 27,913 46,078 43,960 63,626 19,758 13,642 16,481 24,667 47,657 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) 615,230 Total collateral 628,468 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.