H.4.1 Factors Affecting Reserve Balances of Depository Institutions

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. October 18, 2001 H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks 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 Oct 17, 2001 Oct 10, 2001 Oct 18, 2000 Oct 17, 2001 Reserve Bank Credit 614,114 + 1,143 + 52,231 621,553 U.S. government securities (1) Bought outright-system account (2,3) 541,322 + 1,187 + 31,837 544,024 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) 33,154 + 435 + 18,824 37,045 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 7 - 1 - 292 1 Seasonal credit 67 - 14 - 234 64 Extended credit 0 0 0 0 Float 898 - 822 - 283 1,623 Other F.R. assets 38,657 + 360 + 2,500 38,786 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,041 + 14 + 2,069 33,041 Total factors supplying reserve funds 660,400 + 1,157 + 53,299 667,839 Currency in circulation* 616,113 - 588 + 43,671 616,220 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 442 + 14 + 186 453 Deposits, other than reserve balances, with F.R. Banks Treasury 4,722 - 354 - 448 5,038 Foreign 632 - 17 + 524 744 Service-related balances and adjustments (5) 8,095 - 231 + 1,481 8,095 Other 257 - 26 + 7 256 Other F.R. liabilities and capital 17,958 + 60 + 2,531 17,734 Total factors, other than reserve balances, absorbing reserve funds 648,219 - 1,141 + 47,952 648,539 Reserve balances with F.R. Banks (6) 12,181 + 2,298 + 5,347 19,300 On October 17, 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 $ 736,675 million, a change of $ + 3,997 million for the week. The total includes $ 597,202 million of U.S. government securities and $ 139,473 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 $ 18,846 million (daily average over statement week) and $ 17,545 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,203 million (daily average) and $ 17,545 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 3,467 million (daily average) and $ 3,604 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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 $ 7,733 million and adjustments of $ 362 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.

H.4.1(a) Consolidated Statement of Condition of all Federal Reserve Banks Millions of dollars Change Since Eliminations from Consolidation Wednesday Wednesday Wednesday Oct 17, 2001 Oct 10, 2001 Oct 18, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,105 - 5 + 281 Loans 65 - 56 - 238 Acceptances 0 0 0 Repurchase agreements — triparty (1) 37,045 + 3,540 + 18,202 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 183,373 + 1,820 + 764 Notes (3) 258,389 + 1,832 + 22,662 Bonds (4) 102,261 + 260 + 10,428 Total bought outright (5) 544,024 + 3,913 + 33,856 Held under repurchase agreements 0 0 0 Total U.S. government securities 544,024 + 3,913 + 33,856 Total loans and securities 581,144 + 7,397 + 51,700 Items in process of collection (863) 8,097 - 7,991 - 398 Bank premises 1,511 + 1 + 78 Other assets (6) 36,511 + 265 + 1,597 TOTAL ASSETS (863) 641,612 - 334 + 52,257 LIABILITIES Federal Reserve notes 584,736 - 1,797 + 42,097 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 25,295 + 4,850 + 7,824 U.S. Treasury—general account 5,038 - 69 - 111 Foreign—official accounts 744 + 141 + 657 Other (0) 256 - 3 - 13 Total deposits (0) 31,333 + 4,920 + 8,357 Deferred availability cash items (863) 7,810 - 3,352 - 278 Other liabilities and accrued dividends (7) 2,847 - 69 - 1,448 TOTAL LIABILITIES (863) 626,725 - 299 + 48,727 CAPITAL ACCOUNTS Capital paid in 7,271 + 3 + 289 Surplus 6,744 + 3 + 4,065 Other capital accounts 872 - 41 - 825 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 $ 557 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,504 million of inflation-indexed securities valued at the original face amount and $ 312 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,545 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,604 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. Maturity Distribution of Loans and Securities, October 17, 2001 Millions of dollars U.S. government Federal agency Reverse Repurchase securities (1,2) obligations(2) Repurchase Loans Agreements— Weekly Weekly Agreements— Holdings changes Holdings changes Triparty (3) Triparty (3) Within 15 days 61 22,407 + 9,111 0 0 22,045 0 16 days to 90 days 4 115,828 - 6,460 0 0 15,000 0 91 days to 1 year 0 130,569 + 1,996 0 0 ——— ——— Over 1 year to 5 years ——— 146,198 + 4,393 10 0 ——— ——— Over 5 years to 10 years ——— 50,204 - 5,366 0 0 ——— ——— Over 10 years ——— 78,817 + 238 0 0 ——— ——— Total 65 544,024 + 3,913 10 0 37,045 0 1 Includes $ 9,243 million of inflation-indexed securities valued at the original face amount and $ 869 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.

)b( 1.4.H 1002 ,71 rebotcO no knaB evreseR laredeF hcaE fo noitidnoC fo tnemetatS srallod fo snoilliM naS sasnaK sallaD silopaenniM siuoL .tS ogacihC atnaltA dnomhciR dnalevelC aihpledalihP kroY weN notsoB latoT ocsicnarF ytiC STESSA 631,1 7 74 7 13 3 41 3 43 8 20,1 1 78 1 47 8 35 4 54 1 54,4 6 45 5 40,11 tnuocca etacifitrec dloG 432 8 9 6 6 0 3 1 7 2 12 6 61 7 41 4 01 3 8 4 78 5 11 0 02,2 .tcca .fitrec sthgir gniward laicepS 341 1 21 8 6 5 3 0 6 1 31 0 31 8 71 8 6 6 4 6 6 7 5 5 01,1 nioC 0 3 0 1 9 1 4 2 2 7 0 0 0 0 0 5 6 snaoL 0 0 0 0 0 0 0 0 0 0 0 0 0 secnatpeccA 0 0 0 0 0 0 0 0 0 0 5 40,73 0 5 40,73 )1( ytrapirt — stnemeerga esahcrupeR )2( snoitagilbo ycnega laredeF 1 0 0 0 0 1 1 1 1 0 4 1 0 1 thgirtuo thguoB 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH )2( seitiruces tnemnrevog .S.U 474,81 4 23,3 0 66,5 2 75 9 06,6 9 67,02 9 06,21 5 59,01 6 37,01 2 35,7 6 11,57 7 10,11 3 73,381 slliB —thgirtuo thguoB 230,62 4 86,4 5 79,7 6 08 3 13,9 5 62,92 8 67,71 6 34,51 7 21,51 3 16,01 5 48,501 5 25,51 9 83,852 )3( setoN 303,01 4 58,1 6 51,3 9 13 6 86,3 2 85,11 2 30,7 9 01,6 7 89,5 0 02,4 0 98,14 4 41,6 1 62,201 )4( sdnoB 908,45 2 68,9 1 97,61 7 96,1 8 06,91 5 16,16 9 04,73 0 05,23 0 58,13 5 43,22 0 58,222 6 86,23 4 20,445 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 908,45 2 68,9 1 97,61 7 96,1 8 06,91 5 16,16 9 04,73 0 05,23 0 58,13 5 43,22 0 58,222 6 86,23 4 20,445 seitiruces .tvog .S.U latoT 018,45 6 68,9 1 08,61 6 17,1 3 16,91 8 36,16 6 14,73 1 05,23 0 58,13 6 43,22 9 98,952 7 86,23 4 41,185 seitiruces dna snaol latoT 973,2 1 24 2 26 9 95 2 64 6 96 3 37 4 45 2 54 6 24 3 90,1 3 35 0 69,8 noitcelloc fo ssecorp ni smetI 371 6 31 9 4 4 21 1 4 7 01 6 82 3 31 3 51 9 4 8 61 3 9 1 15,1 sesimerp knaB 226,3 1 18 1 99 3 86 3 89 2 64,3 0 14,2 0 59,4 1 61,2 6 92,1 7 42,31 5 98,1 1 15,63 )6( stessa rehtO 487,7 - 7 41,3 + 8 82 - 3 04,7 + 6 15 + 8 60,6 + 3 14,1 + 7 61,11+ 7 04 - 8 18,1 - 1 48,91- 3 24 + 0 tnuocca tnemelttes tcirtsidretnI 317,45 8 70,51 7 26,81 4 37,01 9 80,22 2 43,37 5 24,34 1 63,05 8 19,43 2 88,22 8 59,952 8 43,63 6 74,246 STESSA LATOT .seitiruces ycnega laredef dna tnemnrevog .S.U yb dezilaretalloc era stnemeerga esehT .sknab laidotsuc ytrap-driht hguorht degnarra stnemeerga fo eulav hsaC 1 .seitiruces eht fo eulav ecaF 2 eht no noitalfni fo stceffe eht rof stsujda taht noitasnepmoc fo noillim 755 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 937,5 $ sedulcnI 3 .seitiruces hcus fo lapicnirp eht no noitalfni fo stceffe eht rof stsujda taht noitasnepmoc fo noillim 213 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 405,3 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 406,3 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 545,71 $ fo teN 5 .seitiruces tnemnrevog .S.U rehto yb dezilaretalloc .setar egnahcxe tekram ta ylhtnom deulaver ,seicnerruc ngierof ni detanimoned stessa sedulcnI 6 .gnidnuor ot eud slatot ot dda ton yam stnenopmoC

)c( 1.4.H 1002 ,71 rebotcO no knaB evreseR laredeF hcaE fo noitidnoC fo tnemetatS srallod fo snoilliM naS sasnaK sallaD silopaenniM siuoL .tS ogacihC atnaltA dnomhciR dnalevelC aihpledalihP kroY weN notsoB latoT ocsicnarF ytiC SEITILIBAIL 171,74 3 95,31 8 29,61 8 48,8 6 14,02 8 84,76 6 80,04 5 07,44 8 15,03 4 22,12 5 61,242 3 95,13 6 37,485 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 091,3 1 66 6 37 6 19 8 89 9 43,3 8 21,1 8 71,1 1 06,2 3 56 4 37,6 0 61,3 5 92,52 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 8 30,5 0 8 30,5 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 0 27 2 4 47 stnuocca laiciffo—ngieroF 1 4 2 5 0 1 4 3 01 2 0 1 31 2 6 52 rehtO 491,3 5 66 0 47 3 29 9 89 3 53,3 4 31,1 8 82,1 5 06,2 4 56 3 26,21 4 61,3 3 33,13 stisoped latoT 793,2 8 63 7 54 7 06 8 42 6 66 3 68 8 66 7 63 6 04 8 70,1 8 45 3 76,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 262 3 9 2 11 4 6 0 21 4 03 7 32 1 42 8 61 9 21 4 49 4 71 7 48,2 )2( sdnedivid 320,35 0 27,41 6 32,81 2 44,01 3 77,12 0 18,17 0 23,24 3 09,64 7 56,33 3 14,22 1 18,652 0 84,53 8 85,726 SEITILIBAIL LATOT STNUOCCA LATIPAC 528 3 61 8 81 7 71 9 41 1 47 8 35 7 57,1 9 16 1 22 2 74,1 1 24 1 72,7 ni diap latipaC 297 8 81 9 71 5 11 8 31 2 36 5 94 9 76,1 2 74 8 22 8 64,1 8 53 4 47,6 sulpruS 27 6 4 2 0 0 3 9 51 1 7 3 2 0 71 0 2 8 02 9 8 2 78 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 317,45 8 70,51 7 26,81 4 37,01 9 80,22 2 43,37 5 24,34 1 63,05 8 19,43 2 88,22 8 59,952 8 43,63 6 74,246 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 172,07 6 60,33 6 89,02 8 93,11 1 34,32 8 00,57 8 50,46 5 20,65 5 98,53 6 11,92 0 76,782 1 24,63 5 43,347 gnidnatstuo seton .R.F 001,32 3 74,91 9 50,4 0 55,2 5 10,3 0 25,7 2 79,32 0 23,11 7 73,5 2 98,7 4 05,54 8 28,4 0 16,851 sknaB .R.F yb dleH—sseL 171,74 3 95,31 8 29,61 8 48,8 6 14,02 8 84,76 6 80,04 5 07,44 8 15,03 4 22,12 5 61,242 3 95,13 6 37,485 ten ,seton .R.F seton .R.F tsniaga dleh laretalloC 540,11 tnuocca etacifitrec dloG sthgir gniward laicepS 002,2 tnuocca etacifitrec 0 stessa elbigile rehtO 194,175 )3( seitiruces ycnega dna .tvog .S.U 637,485 laretalloc latoT .seitiruces ycnega dna tnemnrevog .S.U yb dezilaretalloc era stnemeerga esehT .sknab laidotsuc ytrap-driht hguorht degnarra stnemeerga fo eulav hsaC 1 .stnemtimmoc egnahcxe ngierof fo setar egnahcxe tekram ta noitaulaver ylhtnom eht gnitcelfer tnuocca noitalsnart-egnahcxe sedulcnI 2 ytrapirt rednu stnemeerga esahcruper fo eulav hsac sedulcnI .tnuoma ecaf ta deulav era tnemeerga esahcruper rednu dleh ro thgirtuo thguob seitiruces ycnega dna tnemnrevog .S.U 3 .stnemeerga esahcruper esrever rednu degdelp seitiruces fo eulav rap eht sedulcxe dna stnemegnarra .gnidnuor ot eud slatot ot dda ton yam stnenopmoC