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 December 13, 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 Dec 12, 2001 Dec 5, 2001 Dec 13, 2000 Dec 12, 2001 Reserve Bank Credit 619,750 - 3,014 + 46,875 633,977 U.S. government securities (1) Bought outright-system account (2,3) 551,513 + 1,073 + 37,798 553,524 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) 31,500 - 3,071 + 8,879 42,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 43 + 35 + 39 83 Seasonal credit 34 0 - 90 35 Extended credit 0 0 0 0 Float 389 - 1,304 - 1,313 1,360 Other F.R. assets 36,262 + 255 + 1,683 36,465 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,153 + 14 + 1,660 33,153 Total factors supplying reserve funds 666,149 - 2,999 + 47,535 680,375 Currency in circulation* 627,038 + 1,565 + 46,852 629,822 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 441 + 6 + 37 443 Deposits,other than reserve balances,with F.R.Banks Treasury 5,008 - 492 - 374 4,592 Foreign 154 - 240 + 79 294 Service-related balances and adjustments (5) 8,756 + 224 + 1,776 8,756 Other 240 - 5 - 4 216 Other F.R. liabilities and capital 17,885 - 163 - 622 17,764 Total factors, other than reserve balances, absorbing reserve funds 659,521 + 894 + 47,743 661,886 Reserve balances with F.R. Banks (6) 6,628 - 3,893 - 208 18,489 On December 12, 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 $ 733,487 million, a change of $ - 546 million for the week. The total includes $ 603,406 million of U.S. government securities and $ 130,081 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 $ 20,225 million (daily average over statement week) and $ 18,344 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,461 million (daily average) and $ 18,344 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,000 million (daily average) and $ 6,171 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 943 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 $ 8,247 million and adjustments of $ 509 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 Dec 12, 2001 Dec 5, 2001 Dec 13, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,070 + 21 + 122 Loans 118 + 79 - 15 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 42,500 + 14,500 + 15,240 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 186,591 + 774 + 3,385 Notes (3) 263,846 - 5 + 24,719 Bonds (4) 103,087 - 3 + 10,304 Total bought outright (5) 553,524 + 766 + 38,409 Held under repurchase agreements 0 0 0 Total U.S. government securities 553,524 + 766 + 38,409 Total loans and securities 596,152 + 15,345 + 53,513 Items in process of collection (796) 10,069 - 708 - 1,979 Bank premises 1,518 - 2 + 76 Other assets (6) 34,936 + 228 + 1,605 TOTAL ASSETS (796) 656,989 + 14,884 + 52,335 LIABILITIES Federal Reserve notes 598,181 + 2,987 + 45,764 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 27,731 + 12,878 + 6,914 U.S. Treasury--general account 4,592 - 196 - 355 Foreign--official accounts 294 + 208 + 222 Other (30) 216 - 27 - 32 Total deposits (30) 32,834 + 12,864 + 6,750 Deferred availability cash items (766) 8,210 - 1,015 + 458 Other liabilities and accrued dividends (7) 2,664 - 17 - 1,958 TOTAL LIABILITIES (796) 641,889 + 14,819 + 51,013 CAPITAL ACCOUNTS Capital paid in 7,365 + 8 + 262 Surplus 6,728 - 2 + 4,049 Other capital accounts 1,007 + 58 - 2,988 *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 $ 578 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 365 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,344 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,171 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, December 12, 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 94 15,940 + 862 0 0 31,500 0 16 days to 90 days 24 124,812 - 393 0 0 11,000 0 91 days to 1 year 0 129,591 + 305 0 0 ------ ------ Over 1 to 5 years 151,093 0 10 0 ------ ------ Over 5 to 10 years 53,247 - 4 0 0 ------ ------ Over 10 years 78,842 - 3 0 0 ------ ------ Total 118 553,524 + 766 10 0 42,500 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 943 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 December 12, 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 1,070 53 66 39 65 171 121 120 59 34 72 129 140 Loans 118 3 75 1 1 0 3 11 3 4 8 0 8 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 42,500 0 42,500 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 186,591 11,211 76,434 7,664 10,924 11,147 12,831 21,133 6,725 582 5,759 3,383 18,799 Notes (3) 263,846 15,852 108,080 10,837 15,447 15,762 18,143 29,883 9,510 823 8,144 4,783 26,582 Bonds (4) 103,087 6,194 42,228 4,234 6,035 6,158 7,089 11,675 3,716 322 3,182 1,869 10,386 Total bought outright(5) 553,524 33,257 226,742 22,735 32,406 33,068 38,062 62,691 19,951 1,727 17,085 10,034 55,766 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 553,524 33,257 226,742 22,735 32,406 33,068 38,062 62,691 19,951 1,727 17,085 10,034 55,766 Total loans and securities 596,152 33,260 269,321 22,737 32,407 33,068 38,066 62,703 19,954 1,731 17,093 10,035 55,775 Items in process of collection 10,865 629 939 485 348 949 1,585 747 473 638 605 780 2,687 Bank premises 1,518 92 177 49 152 133 286 107 42 123 49 137 172 Other assets(6) 34,936 1,796 12,685 1,275 2,059 4,771 2,295 3,287 928 664 943 781 3,451 Interdistrict settlement account 0 - 2,716 -23,321 - 1,744 - 80 +12,270 + 4,575 + 5,172 + 730 +11,970 - 533 + 2,290 - 8,612 TOTAL ASSETS 657,785 33,776 265,191 23,378 35,594 52,250 47,964 73,378 22,600 15,334 18,612 14,725 54,983 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 $ 578 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 365 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,344 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,171 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 December 12, 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 598,181 31,190 247,667 21,763 30,591 43,871 44,139 67,745 21,048 13,206 16,692 13,098 47,170 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,731 957 7,503 488 3,116 3,743 1,606 3,134 852 1,249 1,051 757 3,274 U.S. Treasury--general account 4,592 0 4,592 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 294 2 270 1 2 7 2 3 1 1 1 1 3 Other 246 1 136 1 2 59 0 1 1 2 42 1 1 Total deposits 32,863 960 12,502 490 3,120 3,809 1,608 3,138 854 1,252 1,094 760 3,278 Deferred credit items 8,977 599 963 536 369 807 903 616 272 531 326 418 2,636 Other liabilities and accrued dividends (2) 2,664 165 847 122 160 242 224 279 114 67 108 93 244 TOTAL LIABILITIES 642,685 32,914 261,979 22,912 34,241 48,730 46,874 71,778 22,287 15,056 18,220 14,368 53,328 CAPITAL ACCOUNTS Capital paid in 7,365 418 1,504 221 665 1,756 535 776 149 180 191 163 807 Surplus 6,728 358 1,468 228 472 1,679 495 632 138 99 179 188 792 Other capital accounts 1,007 85 240 17 217 85 60 193 27 0 22 5 55 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 657,785 33,776 265,191 23,378 35,594 52,250 47,964 73,378 22,600 15,334 18,612 14,725 54,983 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 751,210 36,122 292,143 28,636 35,406 55,523 64,442 75,469 24,145 15,469 21,271 32,943 69,641 Less--Held by F.R. Banks 153,029 4,932 44,475 6,873 4,815 11,651 20,303 7,724 3,098 2,263 4,579 19,846 22,471 F.R. notes, net 598,181 31,190 247,667 21,763 30,591 43,871 44,139 67,745 21,048 13,206 16,692 13,098 47,170 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) 584,936 Total collateral 598,181 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.