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 October 18, 2001 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 17, 2001 Oct 10, 2001 Oct 18, 2000 Oct 17, 2001 Reserve Bank Credit 614,114 + 1,143 + 52,231 621,553 U.S. government securities (1) Bought outright-system account (2,3) 541,322 + 1,187 + 31,837 544,024 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) 33,154 + 435 + 18,824 37,045 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 7 - 1 - 292 1 Seasonal credit 67 - 14 - 234 64 Extended credit 0 0 0 0 Float 898 - 822 - 283 1,623 Other F.R. assets 38,657 + 360 + 2,500 38,786 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,041 + 14 + 2,069 33,041 Total factors supplying reserve funds 660,400 + 1,157 + 53,299 667,839 Currency in circulation* 616,113 - 588 + 43,671 616,220 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 442 + 14 + 186 453 Deposits,other than reserve balances,with F.R.Banks Treasury 4,722 - 354 - 448 5,038 Foreign 632 - 17 + 524 744 Service-related balances and adjustments (5) 8,095 - 231 + 1,481 8,095 Other 257 - 26 + 7 256 Other F.R. liabilities and capital 17,958 + 60 + 2,531 17,734 Total factors, other than reserve balances, absorbing reserve funds 648,219 - 1,141 + 47,952 648,539 Reserve balances with F.R. Banks (6) 12,181 + 2,298 + 5,347 19,300 On October 17, 2001, 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 $ 736,675 million, a change of $ + 3,997 million for the week. The total includes $ 597,202 million of U.S. government securities and $ 139,473 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 $ 18,846 million (daily average over statement week) and $ 17,545 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,203 million (daily average) and $ 17,545 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 3,467 million (daily average) and $ 3,604 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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 $ 7,733 million and adjustments of $ 362 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 17, 2001 Oct 10, 2001 Oct 18, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,105 - 5 + 281 Loans 65 - 56 - 238 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 37,045 + 3,540 + 18,202 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,373 + 1,820 + 764 Notes (3) 258,389 + 1,832 + 22,662 Bonds (4) 102,261 + 260 + 10,428 Total bought outright (5) 544,024 + 3,913 + 33,856 Held under repurchase agreements 0 0 0 Total U.S. government securities 544,024 + 3,913 + 33,856 Total loans and securities 581,144 + 7,397 + 51,700 Items in process of collection (863) 8,097 - 7,991 - 398 Bank premises 1,511 + 1 + 78 Other assets (6) 36,511 + 265 + 1,597 TOTAL ASSETS (863) 641,612 - 334 + 52,257 LIABILITIES Federal Reserve notes 584,736 - 1,797 + 42,097 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 25,295 + 4,850 + 7,824 U.S. Treasury--general account 5,038 - 69 - 111 Foreign--official accounts 744 + 141 + 657 Other (0) 256 - 3 - 13 Total deposits (0) 31,333 + 4,920 + 8,357 Deferred availability cash items (863) 7,810 - 3,352 - 278 Other liabilities and accrued dividends (7) 2,847 - 69 - 1,448 TOTAL LIABILITIES (863) 626,725 - 299 + 48,727 CAPITAL ACCOUNTS Capital paid in 7,271 + 3 + 289 Surplus 6,744 + 3 + 4,065 Other capital accounts 872 - 41 - 825 *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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 557 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 312 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,545 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,604 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 17, 2001 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 61 22,407 + 9,111 0 0 22,045 0 16 days to 90 days 4 115,828 - 6,460 0 0 15,000 0 91 days to 1 year 0 130,569 + 1,996 0 0 ------ ------ Over 1 to 5 years 146,198 + 4,393 10 0 ------ ------ Over 5 to 10 years 50,204 - 5,366 0 0 ------ ------ Over 10 years 78,817 + 238 0 0 ------ ------ Total 65 544,024 + 3,913 10 0 37,045 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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 17, 2001 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 1,105 57 66 46 68 178 130 131 60 35 68 121 143 Loans 65 0 0 0 0 0 7 22 4 19 10 3 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 37,045 0 37,045 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 183,373 11,017 75,116 7,532 10,736 10,955 12,609 20,769 6,609 572 5,660 3,324 18,474 Notes (3) 258,389 15,525 105,845 10,613 15,127 15,436 17,768 29,265 9,313 806 7,975 4,684 26,032 Bonds (4) 102,261 6,144 41,890 4,200 5,987 6,109 7,032 11,582 3,686 319 3,156 1,854 10,303 Total bought outright(5) 544,024 32,686 222,850 22,345 31,850 32,500 37,409 61,615 19,608 1,697 16,791 9,862 54,809 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 544,024 32,686 222,850 22,345 31,850 32,500 37,409 61,615 19,608 1,697 16,791 9,862 54,809 Total loans and securities 581,144 32,687 259,899 22,346 31,850 32,501 37,416 61,638 19,613 1,716 16,801 9,866 54,810 Items in process of collection 8,960 533 1,093 426 452 544 733 696 462 599 622 421 2,379 Bank premises 1,511 93 168 49 153 133 286 107 41 124 49 136 173 Other assets(6) 36,511 1,895 13,247 1,296 2,161 4,950 2,410 3,462 983 683 991 811 3,622 Interdistrict settlement account 0 + 423 -19,841 - 1,818 - 407 +11,167 + 1,413 + 6,068 + 516 + 7,403 - 288 + 3,147 - 7,784 TOTAL ASSETS 642,476 36,348 259,958 22,882 34,918 50,361 43,425 73,342 22,089 10,734 18,627 15,078 54,713 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 557 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 312 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,545 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,604 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 17, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 584,736 31,593 242,165 21,224 30,518 44,705 40,086 67,488 20,416 8,848 16,928 13,593 47,171 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 25,295 3,160 6,734 653 2,601 1,178 1,128 3,349 988 916 736 661 3,190 U.S. Treasury--general account 5,038 0 5,038 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 744 2 720 1 2 7 2 3 1 1 1 1 3 Other 256 2 131 0 2 103 4 1 0 5 2 4 1 Total deposits 31,333 3,164 12,623 654 2,605 1,288 1,134 3,353 989 923 740 665 3,194 Deferred credit items 8,673 548 1,078 406 367 668 863 666 248 607 457 368 2,397 Other liabilities and accrued dividends (2) 2,847 174 944 129 168 241 237 304 120 64 112 93 262 TOTAL LIABILITIES 627,588 35,480 256,811 22,413 33,657 46,903 42,320 71,810 21,773 10,442 18,236 14,720 53,023 CAPITAL ACCOUNTS Capital paid in 7,271 421 1,472 221 619 1,757 538 741 149 177 188 163 825 Surplus 6,744 358 1,468 228 472 1,679 495 632 138 115 179 188 792 Other capital accounts 872 89 208 20 170 23 71 159 30 0 24 6 72 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 642,476 36,348 259,958 22,882 34,918 50,361 43,425 73,342 22,089 10,734 18,627 15,078 54,713 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 743,345 36,421 287,670 29,116 35,895 56,025 64,058 75,008 23,431 11,398 20,986 33,066 70,271 Less--Held by F.R. Banks 158,610 4,828 45,504 7,892 5,377 11,320 23,972 7,520 3,015 2,550 4,059 19,473 23,100 F.R. notes, net 584,736 31,593 242,165 21,224 30,518 44,705 40,086 67,488 20,416 8,848 16,928 13,593 47,171 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) 571,491 Total collateral 584,736 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.