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 February 14, 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 Feb 13, 2002 Feb 6, 2002 Feb 14, 2001 Feb 13, 2002 Reserve Bank Credit 627,844 - 1,921 + 55,218 628,279 U.S. government securities (1) Bought outright-system account (2,3) 562,646 + 520 + 46,737 564,317 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 100 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 26,464 - 2,143 + 8,707 25,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 31 + 25 + 7 2 Seasonal credit 24 + 8 + 1 19 Extended credit 0 0 0 0 Float 37 - 978 - 1,506 -468 Other F.R. assets 38,631 + 646 + 1,371 38,899 Gold stock 11,044 - 1 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,279 + 14 + 1,274 33,279 Total factors supplying reserve funds 674,368 - 1,906 + 56,491 674,803 Currency in circulation* 634,806 + 3,169 + 52,921 637,197 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 408 - 6 - 77 407 Deposits,other than reserve balances,with F.R.Banks Treasury 4,976 - 1,220 - 47 4,108 Foreign 314 + 124 + 235 356 Service-related balances and adjustments (5) 9,380 + 361 + 2,847 9,380 Other 222 - 40 - 101 212 Other F.R. liabilities and capital 17,715 + 176 - 517 17,602 Total factors, other than reserve balances, absorbing reserve funds 667,820 + 2,562 + 55,259 669,261 Reserve balances with F.R. Banks (6) 6,548 - 4,469 + 1,231 5,542 On February 13, 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 $ 731,402 million, a change of $ + 1,013 million for the week. The total includes $ 599,518 million of U.S. government securities and $ 131,883 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 $ 20,113 million (daily average over statement week) and $ 19,410 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,113 million (daily average) and $ 19,410 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,655 million (daily average) and $ 1,609 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 $ 923 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 $ 8,818 million and adjustments of $ 562 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 Feb 13, 2002 Feb 6, 2002 Feb 14, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,169 + 7 + 49 Loans 21 - 9 - 14 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 25,500 - 4,000 + 7,990 Federal agency obligations (2) Bought outright 10 0 - 100 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 189,130 - 655 + 9,412 Notes (3) 270,629 + 1,457 + 29,689 Bonds (4) 104,558 - 5 + 10,654 Total bought outright (5) 564,317 + 797 + 49,756 Held under repurchase agreements 0 0 0 Total U.S. government securities 564,317 + 797 + 49,756 Total loans and securities 589,848 - 3,213 + 57,632 Items in process of collection (1,121) 7,034 - 2,550 - 6,463 Bank premises 1,511 + 1 + 42 Other assets (6) 37,360 + 548 + 1,189 TOTAL ASSETS (1,121) 650,167 - 5,207 + 52,448 LIABILITIES Federal Reserve notes 605,493 + 3,055 + 52,342 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,004 - 5,753 + 3,079 U.S. Treasury--general account 4,108 - 1,268 - 2,605 Foreign--official accounts 356 - 238 + 284 Other (2) 212 - 41 - 74 Total deposits (2) 19,680 - 7,299 + 684 Deferred availability cash items (1,119) 7,392 - 1,104 - 259 Other liabilities and accrued dividends (7) 2,338 + 38 - 1,642 TOTAL LIABILITIES (1,121) 634,903 - 5,311 + 51,125 CAPITAL ACCOUNTS Capital paid in 7,442 + 5 + 430 Surplus 7,270 + 1 + 937 Other capital accounts 552 + 98 - 43 *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 $ 545 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 $ 378 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,609 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, February 13, 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 16 31,101 + 9,571 0 0 19,500 0 16 days to 90 days 4 112,412 - 8,119 0 0 6,000 0 91 days to 1 year 0 130,946 - 644 0 0 ------ ------ Over 1 to 5 years 158,020 - 1 10 0 ------ ------ Over 5 to 10 years 51,954 - 4 0 0 ------ ------ Over 10 years 79,885 - 5 0 0 ------ ------ Total 21 564,317 + 797 10 0 25,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 923 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 February 13, 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 11,044 546 4,450 454 538 741 871 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 1,169 69 60 56 67 176 123 140 65 36 83 144 149 Loans 21 3 0 0 0 0 0 0 0 6 6 1 6 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 25,500 0 25,500 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 189,130 11,363 77,474 7,768 11,073 11,299 13,005 21,421 6,817 590 5,838 3,429 19,054 Notes (3) 270,629 16,260 110,859 11,116 15,844 16,167 18,609 30,651 9,754 844 8,353 4,906 27,265 Bonds (4) 104,558 6,282 42,830 4,295 6,121 6,246 7,190 11,842 3,769 326 3,227 1,895 10,534 Total bought outright(5) 564,317 33,905 231,163 23,179 33,038 33,713 38,804 63,913 20,340 1,761 17,418 10,230 56,854 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 564,317 33,905 231,163 23,179 33,038 33,713 38,804 63,913 20,340 1,761 17,418 10,230 56,854 Total loans and securities 589,848 33,909 256,667 23,179 33,038 33,713 38,805 63,915 20,340 1,766 17,424 10,231 56,860 Items in process of collection 8,156 503 939 512 352 484 744 554 486 520 511 249 2,300 Bank premises 1,511 92 177 49 151 132 280 106 43 123 49 137 172 Other assets(6) 37,360 2,020 13,617 1,334 2,515 4,800 2,478 3,808 1,030 396 1,021 748 3,593 Interdistrict settlement account 0 - 3,894 -12,662 - 2,806 - 3,785 +12,144 + 4,347 + 2,843 - 293 +12,234 - 1,053 + 5,897 -12,971 TOTAL ASSETS 651,288 33,360 264,123 22,862 32,981 52,337 47,816 72,604 22,086 15,248 18,418 17,980 51,474 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 $ 545 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 $ 378 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,609 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 February 13, 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 605,493 30,904 251,087 20,783 30,075 46,604 44,690 67,353 21,030 13,868 16,981 16,404 45,713 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,004 726 3,564 941 1,027 1,294 1,085 2,755 391 411 532 726 1,553 U.S. Treasury--general account 4,108 0 4,108 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 356 2 332 1 3 7 2 3 1 1 1 1 3 Other 214 2 135 0 2 64 0 4 1 0 2 3 1 Total deposits 19,682 730 8,138 942 1,032 1,366 1,088 2,762 392 412 534 729 1,557 Deferred credit items 8,511 692 937 563 344 596 829 596 241 521 404 422 2,366 Other liabilities and accrued dividends (2) 2,338 145 736 110 136 209 195 250 105 63 98 85 206 TOTAL LIABILITIES 636,024 32,471 260,898 22,399 31,587 48,775 46,802 70,961 21,769 14,864 18,017 17,640 49,842 CAPITAL ACCOUNTS Capital paid in 7,442 429 1,504 221 681 1,762 447 792 150 308 193 166 791 Surplus 7,270 418 1,504 221 665 1,757 535 793 149 76 191 164 796 Other capital accounts 552 41 216 21 49 44 32 58 18 0 17 10 46 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 651,288 33,360 264,123 22,862 32,981 52,337 47,816 72,604 22,086 15,248 18,418 17,980 51,474 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 750,407 35,740 295,466 27,689 34,589 56,550 63,234 74,386 23,798 16,219 21,475 33,342 67,919 Less--Held by F.R. Banks 144,913 4,836 44,379 6,906 4,513 9,946 18,544 7,033 2,768 2,350 4,494 16,938 22,206 F.R. notes, net 605,493 30,904 251,087 20,783 30,075 46,604 44,690 67,353 21,030 13,868 16,981 16,404 45,713 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 2,422 U.S. govt. and agency securities(3) 589,827 Total collateral 605,493 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.