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 May 2, 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 May 1, 2002 Apr 24, 2002 May 2, 2001 May 1, 2002 Reserve Bank Credit 647,401 + 6,994 + 61,014 654,355 U.S. government securities (1) Bought outright-system account (2,3) 580,919 + 653 + 53,883 580,860 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) 27,429 + 5,465 + 4,986 34,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 12 + 4 + 2 8 Seasonal credit 67 + 11 + 26 88 Extended credit 0 0 0 0 Float -186 + 332 + 215 -129 Other F.R. assets 39,151 + 530 + 1,904 39,018 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,661 + 14 + 1,244 33,661 Total factors supplying reserve funds 694,305 + 7,007 + 62,255 701,260 Currency in circulation* 644,218 + 754 + 55,849 646,309 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 393 - 6 - 123 394 Deposits,other than reserve balances,with F.R.Banks Treasury 6,946 - 48 + 213 4,323 Foreign 90 + 8 + 4 92 Service-related balances and adjustments (5) 10,012 - 119 + 2,771 10,012 Other 237 + 5 - 120 212 Other F.R. liabilities and capital 19,044 + 186 + 1,061 18,868 Total factors, other than reserve balances, absorbing reserve funds 680,940 + 779 + 59,655 680,210 Reserve balances with F.R. Banks (6) 13,365 + 6,228 + 2,600 21,049 On May 1, 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 $ 742,007 million, a change of $ + 4,162 million for the week. The total includes $ 598,000 million of U.S. government securities and $ 144,006 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 $ 20,674 million (daily average over statement week) and $ 21,133 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,674 million (daily average) and $ 21,133 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,211 million (daily average) and $ 749 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,073 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 $ 9,871 million and adjustments of $ 142 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 May 1, 2002 Apr 24, 2002 May 2, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 982 - 17 - 135 Loans 96 + 30 + 33 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 34,500 + 13,500 + 5,243 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 192,016 - 1,697 + 10,500 Notes (3) 283,536 + 450 + 35,569 Bonds (4) 105,308 + 69 + 8,148 Total bought outright (5) 580,860 - 1,178 + 54,217 Held under repurchase agreements 0 0 0 Total U.S. government securities 580,860 - 1,178 + 54,217 Total loans and securities 615,467 + 12,353 + 59,494 Items in process of collection (1,314) 8,587 + 1,194 - 925 Bank premises 1,512 - 3 + 14 Other assets (6) 37,275 + 83 + 1,773 TOTAL ASSETS (1,314) 677,066 + 13,609 + 60,219 LIABILITIES Federal Reserve notes 614,024 + 1,587 + 54,609 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 30,954 + 12,848 + 6,944 U.S. Treasury--general account 4,323 - 1,932 - 1,391 Foreign--official accounts 92 + 16 - 23 Other (0) 212 - 19 - 157 Total deposits (0) 35,582 + 10,914 + 5,374 Deferred availability cash items (1,314) 8,592 + 928 - 840 Other liabilities and accrued dividends (7) 2,373 - 50 - 1,137 TOTAL LIABILITIES (1,314) 660,571 + 13,380 + 58,006 CAPITAL ACCOUNTS Capital paid in 8,056 0 + 1,013 Surplus 7,300 + 10 + 855 Other capital accounts 1,139 + 219 + 345 *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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 634 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 439 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,133 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 749 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, May 1, 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 19 22,521 - 5,140 0 0 29,500 0 16 days to 90 days 77 122,738 - 3,805 0 0 5,000 0 91 days to 1 year 0 138,748 + 6,282 0 0 ------ ------ Over 1 to 5 years 161,353 + 968 10 0 ------ ------ Over 5 to 10 years 53,999 + 448 0 0 ------ ------ Over 10 years 81,502 + 69 0 0 ------ ------ Total 96 580,860 - 1,178 10 0 34,500 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,073 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 May 1, 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 11,044 533 4,369 430 522 819 926 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 982 59 53 51 54 132 87 121 55 37 70 125 137 Loans 96 6 0 0 0 0 0 33 7 30 8 0 11 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 34,500 0 34,500 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 192,016 11,002 75,551 7,384 10,594 14,976 13,672 22,597 6,828 3,002 5,676 4,262 16,474 Notes (3) 283,536 16,245 111,560 10,903 15,644 22,114 20,189 33,367 10,082 4,432 8,381 6,293 24,326 Bonds (4) 105,308 6,034 41,435 4,049 5,810 8,213 7,498 12,393 3,745 1,646 3,113 2,337 9,035 Total bought outright(5) 580,860 33,280 228,546 22,336 32,049 45,303 41,360 68,356 20,654 9,080 17,170 12,891 49,835 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 580,860 33,280 228,546 22,336 32,049 45,303 41,360 68,356 20,654 9,080 17,170 12,891 49,835 Total loans and securities 615,467 33,287 263,050 22,336 32,049 45,304 41,360 68,390 20,662 9,111 17,178 12,892 49,848 Items in process of collection 9,901 650 1,987 371 368 601 617 511 399 492 499 515 2,891 Bank premises 1,512 92 181 49 151 131 280 108 43 123 49 136 171 Other assets(6) 37,275 1,966 13,216 1,240 2,469 5,246 2,512 3,865 1,007 634 987 823 3,310 Interdistrict settlement account 0 - 1,936 - 5,374 - 2,215 - 2,195 + 1,320 + 1,284 - 1,401 - 1,075 + 5,131 + 559 + 8,622 - 2,720 TOTAL ASSETS 678,380 34,765 278,354 22,345 33,522 53,700 47,233 72,885 21,508 15,737 19,718 23,695 54,918 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 634 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 439 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,133 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 749 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 May 1, 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 614,024 30,544 256,639 20,553 28,956 46,699 43,598 66,256 20,177 13,758 17,342 21,583 47,918 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 30,954 2,521 11,824 577 2,568 1,755 1,369 3,960 538 953 1,446 1,258 2,185 U.S. Treasury--general account 4,323 0 4,323 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 92 2 68 1 3 7 2 3 1 1 1 1 3 Other 212 11 71 0 0 117 0 1 3 2 5 1 1 Total deposits 35,582 2,534 16,286 578 2,571 1,879 1,371 3,965 541 956 1,452 1,259 2,189 Deferred credit items 9,906 641 1,087 640 449 715 1,032 732 296 533 429 414 2,941 Other liabilities and accrued dividends (2) 2,373 143 730 105 139 250 195 254 104 78 95 88 192 TOTAL LIABILITIES 661,885 33,861 274,743 21,877 32,114 49,542 46,196 71,206 21,118 15,324 19,318 23,345 53,241 CAPITAL ACCOUNTS Capital paid in 8,056 430 1,682 223 680 2,114 450 801 203 306 191 167 808 Surplus 7,300 418 1,504 221 665 1,757 535 793 149 106 191 164 796 Other capital accounts 1,139 56 425 24 63 286 52 85 37 0 18 19 73 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 678,380 34,765 278,354 22,345 33,522 53,700 47,233 72,885 21,508 15,737 19,718 23,695 54,918 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 748,783 35,156 298,942 27,554 33,814 56,741 61,685 72,979 23,818 15,975 21,270 34,058 66,791 Less--Held by F.R. Banks 134,759 4,613 42,303 7,001 4,858 10,042 18,087 6,723 3,641 2,217 3,928 12,475 18,872 F.R. notes, net 614,024 30,544 256,639 20,553 28,956 46,699 43,598 66,256 20,177 13,758 17,342 21,583 47,918 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 600,780 Total collateral 614,024 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.