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 10, 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 9, 2002 Jan 2, 2002 Jan 10, 2001 Jan 9, 2002 Reserve Bank Credit 631,596 - 11,205 + 53,246 633,428 U.S. government securities (1) Bought outright-system account (2,3) 556,350 + 2,506 + 42,238 557,614 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) 36,929 - 13,785 + 9,813 37,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 155 + 145 + 70 1,005 Seasonal credit 12 - 19 - 24 8 Extended credit 0 0 0 0 Float 933 - 198 + 181 -80 Other F.R. assets 37,208 + 148 + 1,089 37,371 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,209 + 14 + 1,464 33,209 Total factors supplying reserve funds 678,050 - 11,191 + 54,709 679,883 Currency in circulation* 639,058 - 4,164 + 50,547 636,394 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 428 + 2 - 26 435 Deposits,other than reserve balances,with F.R.Banks Treasury 5,053 - 929 + 258 5,107 Foreign 104 - 26 - 4 81 Service-related balances and adjustments (5) 8,869 - 219 + 1,913 8,869 Other 187 - 215 + 8 184 Other F.R. liabilities and capital 17,446 + 36 - 536 17,409 Total factors, other than reserve balances, absorbing reserve funds 671,145 - 5,515 + 52,160 668,478 Reserve balances with F.R. Banks (6) 6,904 - 5,678 + 2,548 11,405 On January 9, 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 $ 729,156 million, a change of $ - 3,486 million for the week. The total includes $ 596,825 million of U.S. government securities and $ 132,331 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 $ 19,589 million (daily average over statement week) and $ 19,184 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,589 million (daily average) and $ 19,184 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,604 million (daily average) and $ 2,478 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 $ 955 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 $ 8,552 million and adjustments of $ 317 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 9, 2002 Jan 2, 2002 Jan 10, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,053 + 17 + 98 Loans 1,013 + 981 + 981 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 37,500 - 12,000 + 9,625 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 186,221 + 975 + 2,856 Notes (3) 267,736 + 1,796 + 28,544 Bonds (4) 103,658 - 2 + 10,737 Total bought outright (5) 557,614 + 2,769 + 42,136 Held under repurchase agreements 0 0 0 Total U.S. government securities 557,614 + 2,769 + 42,136 Total loans and securities 596,138 - 8,249 + 52,622 Items in process of collection (1,173) 9,080 + 1,617 + 932 Bank premises 1,511 0 + 49 Other assets (6) 35,973 + 473 + 1,109 TOTAL ASSETS (1,173) 657,000 - 6,141 + 54,810 LIABILITIES Federal Reserve notes 604,673 - 7,206 + 48,920 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 21,572 + 1,172 + 6,694 U.S. Treasury--general account 5,107 - 2,293 - 53 Foreign--official accounts 81 - 15 - 41 Other (0) 184 - 41 + 10 Total deposits (0) 26,943 - 1,179 + 6,609 Deferred availability cash items (1,173) 7,975 + 2,054 - 143 Other liabilities and accrued dividends (7) 2,362 - 14 - 1,777 TOTAL LIABILITIES (1,173) 641,953 - 6,345 + 53,608 CAPITAL ACCOUNTS Capital paid in 7,419 + 45 + 420 Surplus 7,272 - 11 + 1,083 Other capital accounts 356 + 170 - 302 *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 $ 563 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 $ 392 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,184 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 9, 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 1,008 16,267 + 1,586 0 0 31,500 0 16 days to 90 days 5 122,280 - 1,443 0 0 6,000 0 91 days to 1 year 0 131,458 + 831 0 0 ------ ------ Over 1 to 5 years 154,956 + 1,798 10 0 ------ ------ Over 5 to 10 years 53,336 - 2 0 0 ------ ------ Over 10 years 79,317 - 2 0 0 ------ ------ Total 1,013 557,614 + 2,769 10 0 37,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 955 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 9, 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 1,053 55 60 45 58 165 120 118 59 32 68 131 142 Loans 1,013 0 0 0 860 0 140 8 4 1 0 0 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 37,500 0 37,500 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 186,221 11,189 76,282 7,649 10,902 11,125 12,805 21,091 6,712 581 5,748 3,376 18,761 Notes (3) 267,736 16,086 109,673 10,997 15,675 15,995 18,410 30,323 9,650 835 8,264 4,854 26,974 Bonds (4) 103,658 6,228 42,462 4,258 6,069 6,193 7,128 11,740 3,736 323 3,199 1,879 10,443 Total bought outright(5) 557,614 33,503 228,417 22,903 32,645 33,312 38,343 63,154 20,098 1,740 17,211 10,109 56,178 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 557,614 33,503 228,417 22,903 32,645 33,312 38,343 63,154 20,098 1,740 17,211 10,109 56,178 Total loans and securities 596,138 33,503 265,921 22,904 33,506 33,313 38,484 63,163 20,103 1,740 17,211 10,109 56,179 Items in process of collection 10,253 637 1,179 496 432 877 1,040 758 572 738 591 571 2,363 Bank premises 1,511 91 177 49 151 132 281 105 43 123 49 137 171 Other assets(6) 35,973 1,858 13,148 1,313 2,112 4,778 2,365 3,477 968 655 971 792 3,536 Interdistrict settlement account 0 - 2,711 -14,862 - 2,646 - 2,084 +10,137 + 4,417 + 3,851 + 285 +12,461 - 776 + 2,338 -10,410 TOTAL ASSETS 658,173 34,095 270,948 22,698 34,818 50,289 47,745 72,712 22,444 15,922 18,497 14,653 53,352 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 $ 563 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 $ 392 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,184 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 9, 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 604,673 31,594 253,175 21,203 30,294 44,585 44,326 67,618 21,160 13,958 16,673 13,085 47,002 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 21,572 847 7,366 402 2,693 1,120 1,319 2,570 583 850 858 734 2,229 U.S. Treasury--general account 5,107 0 5,107 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 81 2 57 1 2 7 2 3 1 1 1 1 3 Other 184 1 135 0 0 37 2 1 0 0 4 1 1 Total deposits 26,943 850 12,665 404 2,696 1,164 1,323 2,574 584 851 863 736 2,233 Deferred credit items 9,148 646 1,160 523 344 826 892 640 280 660 471 417 2,290 Other liabilities and accrued dividends (2) 2,362 147 764 111 136 203 196 255 107 60 98 84 201 TOTAL LIABILITIES 643,126 33,237 267,763 22,241 33,470 46,779 46,736 71,086 22,131 15,529 18,104 14,323 51,726 CAPITAL ACCOUNTS Capital paid in 7,419 419 1,503 221 665 1,758 451 793 149 309 191 164 795 Surplus 7,272 418 1,504 221 665 1,752 535 793 149 84 191 164 796 Other capital accounts 356 22 177 14 19 0 23 39 15 0 11 2 35 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 658,173 34,095 270,948 22,698 34,818 50,289 47,745 72,712 22,444 15,922 18,497 14,653 53,352 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,317 35,897 294,381 28,243 35,015 55,249 64,002 74,658 23,998 16,073 21,038 32,834 68,929 Less--Held by F.R. Banks 145,644 4,303 41,207 7,039 4,721 10,663 19,676 7,040 2,837 2,115 4,366 19,749 21,928 F.R. notes, net 604,673 31,594 253,175 21,203 30,294 44,585 44,326 67,618 21,160 13,958 16,673 13,085 47,002 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) 591,428 Total collateral 604,673 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.