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 August 22, 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 Aug 21, 2002 Aug 14, 2002 Aug 22, 2001 Aug 21, 2002 Reserve Bank Credit 658,647 + 5,173 + 57,478 665,425 U.S. government securities (1) Bought outright-system account (2,3) 602,139 + 1,922 + 61,318 602,919 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) 19,500 + 6,179 - 5,053 25,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 2 - 13 - 8 2 Seasonal credit 191 + 10 + 27 202 Extended credit 0 0 0 0 Float -293 + 407 - 223 -289 Other F.R. assets 37,098 - 3,331 + 1,418 37,330 Gold stock 11,042 0 - 2 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,093 + 14 + 1,228 34,093 Total factors supplying reserve funds 705,983 + 5,188 + 58,705 712,760 Currency in circulation* 660,348 - 527 + 53,019 660,897 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 371 - 10 - 41 370 Deposits,other than reserve balances,with F.R.Banks Treasury 4,387 - 509 - 926 4,629 Foreign 129 + 53 + 57 89 Service-related balances and adjustments (5) 10,160 + 5 + 2,675 10,160 Other 211 + 10 - 94 202 Other F.R. liabilities and capital 19,701 + 229 + 1,238 19,205 Total factors, other than reserve balances, absorbing reserve funds 695,308 - 748 + 55,928 695,553 Reserve balances with F.R. Banks (6) 10,675 + 5,936 + 2,777 17,207 On August 21, 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 $ 805,388 million, a change of $ + 9,394 million for the week. The total includes $ 651,190 million of U.S. government securities and $ 154,198 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 $ 22,315 million (daily average over statement week) and $ 22,328 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,315 million (daily average) and $ 22,328 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 780 million (daily average) and $ 0 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,156 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 $ 9,920 million and adjustments of $ 241 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 Aug 21, 2002 Aug 14, 2002 Aug 22, 2001 ASSETS Gold certificate account 11,038 0 - 6 Special drawing rights certificate account 2,200 0 0 Coin 1,017 + 17 - 106 Loans 204 - 81 + 35 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 25,250 + 9,250 - 9,015 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 203,139 + 1,177 + 19,153 Notes (3) 293,914 + 1,215 + 38,135 Bonds (4) 105,866 + 156 + 4,853 Total bought outright (5) 602,919 + 2,547 + 62,141 Held under repurchase agreements 0 0 0 Total U.S. government securities 602,919 + 2,547 + 62,141 Total loans and securities 628,383 + 11,717 + 53,161 Items in process of collection (1,060) 6,991 + 372 + 150 Bank premises 1,522 + 1 + 10 Other assets (6) 35,737 - 3,601 + 1,463 TOTAL ASSETS (1,060) 686,888 + 8,506 + 54,672 LIABILITIES Federal Reserve notes 628,187 - 915 + 50,458 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 27,273 + 10,315 + 3,214 U.S. Treasury--general account 4,629 - 562 - 486 Foreign--official accounts 89 + 10 + 14 Other (0) 202 + 10 - 83 Total deposits (0) 32,193 + 9,773 + 2,659 Deferred availability cash items (1,060) 7,302 + 153 + 273 Other liabilities and accrued dividends (7) 2,388 - 12 - 680 TOTAL LIABILITIES (1,060) 670,071 + 8,999 + 52,712 CAPITAL ACCOUNTS Capital paid in 8,303 + 16 + 1,134 Surplus 7,312 0 + 562 Other capital accounts 1,203 - 510 + 265 *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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 647 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 509 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,328 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 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, August 21, 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 183 24,726 + 1,627 0 0 21,250 0 16 days to 90 days 21 122,596 - 4,643 0 0 4,000 0 91 days to 1 year 0 150,483 + 8,140 0 0 ------ ------ Over 1 to 5 years 172,143 + 93 10 0 ------ ------ Over 5 to 10 years 51,258 - 2,749 0 0 ------ ------ Over 10 years 81,714 + 81 0 0 ------ ------ Total 204 602,919 + 2,547 10 0 25,250 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,156 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 August 21, 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 11,038 533 4,363 430 522 819 926 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 1,017 43 48 48 53 131 131 133 62 33 70 143 123 Loans 204 0 0 0 0 0 7 48 37 77 23 8 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 25,250 0 25,250 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 203,139 11,639 79,927 7,811 11,208 15,843 14,464 23,905 7,223 3,176 6,005 4,508 17,429 Notes (3) 293,914 16,840 115,644 11,302 16,217 22,923 20,928 34,588 10,451 4,595 8,688 6,523 25,217 Bonds (4) 105,866 6,066 41,654 4,071 5,841 8,257 7,538 12,458 3,764 1,655 3,129 2,350 9,083 Total bought outright(5) 602,919 34,544 237,225 23,184 33,266 47,023 42,930 70,952 21,439 9,425 17,822 13,381 51,728 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 602,919 34,544 237,225 23,184 33,266 47,023 42,930 70,952 21,439 9,425 17,822 13,381 51,728 Total loans and securities 628,383 34,545 262,479 23,184 33,267 47,024 42,938 71,000 21,476 9,503 17,846 13,389 51,732 Items in process of collection 8,051 442 1,038 350 421 562 676 824 412 623 329 193 2,180 Bank premises 1,522 92 183 49 152 130 280 111 43 124 49 138 172 Other assets(6) 35,737 1,863 12,460 1,134 2,423 5,330 2,397 3,663 934 612 935 787 3,199 Interdistrict settlement account 0 - 3,653 +16,133 - 4,126 - 5,564 + 795 - 930 - 9,544 - 2,328 + 4,016 - 1,293 +11,186 - 4,693 TOTAL ASSETS 687,948 33,981 297,578 21,152 31,378 54,938 46,584 67,479 21,016 15,120 18,310 26,419 53,992 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 647 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 509 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,328 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 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 August 21, 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 628,187 29,315 277,460 19,419 27,745 46,332 43,115 62,374 19,614 13,599 16,410 24,922 47,880 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,273 3,051 9,885 610 1,681 3,540 1,443 2,451 638 346 1,109 665 1,855 U.S. Treasury--general account 4,629 0 4,629 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 89 2 65 1 3 7 2 3 1 1 1 1 3 Other 202 17 132 0 1 45 0 0 3 0 1 1 0 Total deposits 32,193 3,069 14,710 611 1,685 3,593 1,445 2,454 642 347 1,111 667 1,858 Deferred credit items 8,362 574 802 531 426 684 800 727 236 547 270 397 2,368 Other liabilities and accrued dividends (2) 2,388 145 749 106 138 227 199 256 106 80 96 90 197 TOTAL LIABILITIES 671,131 33,103 293,721 20,668 29,994 50,836 45,560 65,812 20,598 14,573 17,888 26,076 52,303 CAPITAL ACCOUNTS Capital paid in 8,303 432 1,853 237 688 2,060 473 819 201 326 207 170 837 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,203 28 501 26 31 284 17 56 67 103 25 10 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 687,948 33,981 297,578 21,152 31,378 54,938 46,584 67,479 21,016 15,120 18,310 26,419 53,992 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 746,997 34,398 311,559 26,557 32,386 55,765 59,248 68,860 23,091 15,547 20,722 34,051 64,814 Less--Held by F.R. Banks 118,810 5,083 34,099 7,138 4,641 9,433 16,132 6,486 3,477 1,947 4,312 9,129 16,934 F.R. notes, net 628,187 29,315 277,460 19,419 27,745 46,332 43,115 62,374 19,614 13,599 16,410 24,922 47,880 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 614,949 Total collateral 628,187 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.