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. November 23, 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 Nov 21, 2001 Nov 14, 2001 Nov 22, 2000 Nov 21, 2001 Reserve Bank Credit 619,225 + 3,223 + 51,224 623,390 U.S. government securities (1) Bought outright-system account (2,3) 549,068 + 3,031 + 36,043 549,166 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) 34,257 + 3,253 + 14,639 36,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 33 - 57 - 383 4 Seasonal credit 30 - 1 - 118 31 Extended credit 0 0 0 0 Float 601 + 529 - 351 2,391 Other F.R. assets 35,226 - 3,532 + 1,514 35,538 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,111 + 14 + 1,800 33,111 Total factors supplying reserve funds 665,581 + 3,237 + 52,024 669,746 Currency in circulation* 622,985 + 1,615 + 46,435 626,282 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 436 - 2 + 147 428 Deposits, other than reserve balances, with F.R. Banks Treasury 5,603 + 913 + 428 4,627 Foreign 172 + 23 + 80 163 Service-related balances and adjustments (5) 8,242 + 450 + 1,642 8,242 Other 274 + 18 + 36 257 Other F.R. liabilities and capital 17,766 - 201 + 11 17,606 Total factors, other than reserve balances, absorbing reserve funds 655,478 + 2,815 + 48,780 657,605 Reserve balances with F.R. Banks (6) 10,103 + 422 + 3,244 12,141 On November 21, 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 $ 740,922 million, a change of $ + 4,554 million for the week. The total includes $ 608,839 million of U.S. government securities and $ 132,083 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 $ 18,764 million (daily average over statement week) and $ 19,434 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,764 million (daily average) and $ 19,434 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,371 million (daily average) and $ 4,544 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 940 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 $ 7,804 million and adjustments of $ 438 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 Nov 21, 2001 Nov 14, 2001 Nov 22, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,074 - 33 + 169 Loans 35 + 5 - 111 Acceptances 0 0 0 Repurchase agreements — triparty (1) 36,250 - 1,505 + 11,635 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 184,655 + 1,149 + 772 Notes (3) 261,475 + 935 + 24,230 Bonds (4) 103,035 - 219 + 10,350 Total bought outright (5) 549,166 + 1,866 + 35,353 Held under repurchase agreements 0 0 0 Total U.S. government securities 549,166 + 1,866 + 35,353 Total loans and securities 585,460 + 365 + 46,756 Items in process of collection (1,094) 9,608 - 5,063 + 1,136 Bank premises 1,519 + 1 + 76 Other assets (6) 34,225 - 3,407 + 1,703 TOTAL ASSETS (1,094) 645,131 - 8,137 + 48,838 LIABILITIES Federal Reserve notes 594,673 + 3,154 + 44,481 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 19,627 - 7,198 + 3,357 U.S. Treasury—general account 4,627 - 720 + 214 Foreign—official accounts 163 - 308 + 92 Other (0) 257 - 5 + 24 Total deposits (0) 24,674 - 8,230 + 3,687 Deferred availability cash items (1,094) 8,178 - 3,063 + 733 Other liabilities and accrued dividends (7) 2,696 - 48 - 1,672 TOTAL LIABILITIES (1,094) 630,221 - 8,188 + 47,229 CAPITAL ACCOUNTS Capital paid in 7,281 + 4 + 251 Surplus 6,730 - 5 + 4,051 Other capital accounts 899 + 51 - 2,693 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 $ 576 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 364 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,544 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, November 21, 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 31 21,887 - 848 0 0 22,250 0 16 days to 90 days 4 115,019 - 2,360 0 0 14,000 0 91 days to 1 year 0 130,027 + 675 0 0 ——— ——— Over 1 year to 5 years ——— 150,147 + 2,339 10 0 ——— ——— Over 5 years to 10 years ——— 53,245 + 3,031 0 0 ——— ——— Over 10 years ——— 78,840 - 971 0 0 ——— ——— Total 35 549,166 + 1,866 10 0 36,250 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 940 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 ,12 rebmevoN 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 831 0 31 9 6 3 3 8 5 3 21 7 11 3 71 5 6 3 4 1 7 5 5 4 70,1 nioC 3 2 7 3 4 1 1 4 0 0 0 0 1 5 3 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 0 52,63 0 0 52,63 )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 406,81 7 43,3 9 96,5 6 75 6 56,6 4 19,02 7 96,21 1 30,11 1 18,01 5 85,7 1 46,57 4 90,11 5 56,481 slliB —thgirtuo thguoB 343,62 0 47,4 1 70,8 6 18 4 24,9 4 16,92 0 89,71 1 26,51 8 03,51 0 47,01 9 01,701 0 17,51 5 74,162 )3( setoN 183,01 8 68,1 0 81,3 1 23 4 17,3 0 76,11 5 80,7 5 51,6 2 30,6 2 32,4 7 02,24 1 91,6 5 30,301 )4( sdnoB 723,55 5 59,9 0 59,61 3 17,1 4 97,91 7 91,26 2 67,73 7 08,23 1 51,23 6 55,22 6 59,422 5 99,23 6 61,945 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 723,55 5 59,9 0 59,61 3 17,1 4 97,91 7 91,26 2 67,73 7 08,23 1 51,23 6 55,22 6 59,422 5 99,23 6 61,945 seitiruces .tvog .S.U latoT 233,55 7 59,9 8 59,61 6 17,1 8 97,91 0 12,26 7 67,73 8 08,23 1 51,23 7 55,22 1 12,162 6 99,23 0 64,585 seitiruces dna snaol latoT 035,2 6 94 4 36 6 65 2 87 7 28 2 63,1 9 10,1 3 04 9 35 6 89 7 55 2 07,01 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 1 4 0 11 6 82 3 31 2 51 9 4 5 71 3 9 9 15,1 sesimerp knaB 983,3 8 67 3 29 5 66 9 09 9 02,3 7 42,2 8 47,4 5 20,2 8 71,1 3 04,21 1 67,1 5 22,43 )6( stessa rehtO 094,8 - 5 84,3 + 0 59 - 8 07,9 + 0 46 + 6 99,6 + 1 16,3 + 2 37,01+ 9 26,1 - 9 46 - 5 25,12- 8 29,1 - 0 tnuocca tnemelttes tcirtsidretnI 144,45 8 45,51 6 60,81 4 89,21 2 46,22 5 17,47 6 24,64 0 05,05 0 18,33 4 52,42 4 46,852 5 91,43 6 22,646 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 675 $ 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 463 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 279,3 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 445,4 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 434,91 $ 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 ,12 rebmevoN 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 915,84 0 41,41 7 05,61 7 17,11 5 63,12 0 06,86 5 61,34 8 71,44 2 64,03 7 31,22 2 87,242 2 01,13 3 76,495 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 936,1 5 55 3 75 4 43 2 65 6 05,3 1 50,1 4 96,1 6 05,1 9 19 8 97,5 9 74,1 7 26,91 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 7 26,4 0 7 26,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 9 31 2 3 61 stnuocca laiciffo—ngieroF 3 1 5 1 0 0 1 1 0 01 2 0 2 31 1 7 52 rehtO 646,1 7 55 9 85 5 43 3 65 0 15,3 4 50,1 2 08,1 0 15,1 0 29 6 96,01 2 84,1 4 76,42 stisoped latoT 693,2 3 04 3 74 0 85 4 82 4 27 6 78 9 77 1 34 7 06 0 41,1 8 75 2 72,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 842 2 9 9 01 2 6 5 11 7 82 4 22 9 32 0 61 3 21 2 78 6 61 6 96,2 )2( sdnedivid 908,25 2 91,51 8 76,71 4 07,21 7 23,22 0 21,37 0 23,54 8 99,64 3 65,23 7 87,32 0 94,552 8 23,33 6 13,136 SEITILIBAIL LATOT STNUOCCA LATIPAC 897 3 61 9 81 9 71 9 41 5 77 3 45 7 57,1 3 16 2 22 2 74,1 1 24 1 82,7 ni diap latipaC 297 8 81 9 71 1 01 8 31 2 36 5 94 9 76,1 2 74 8 22 8 64,1 8 53 0 37,6 sulpruS 14 5 1 2 0 8 2 8 81 9 6 7 6 2 61 7 1 4 12 8 8 9 98 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 144,45 8 45,51 6 60,81 4 89,21 2 46,22 5 17,47 6 24,64 0 05,05 0 18,33 4 52,42 4 46,852 5 91,43 6 22,646 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 209,96 9 52,33 5 98,02 5 90,41 6 11,42 4 36,57 0 30,56 5 07,55 1 54,53 9 28,82 6 58,782 1 49,53 3 17,647 gnidnatstuo seton .R.F 383,12 9 11,91 9 83,4 9 73,2 1 57,2 4 30,7 5 68,12 7 25,11 9 89,4 3 96,6 4 70,54 8 38,4 0 40,251 sknaB .R.F yb dleH—sseL 915,84 0 41,41 7 05,61 7 17,11 5 63,12 0 06,86 5 61,34 8 71,44 2 64,03 7 31,22 2 87,242 2 01,13 3 76,495 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 824,185 )3( seitiruces ycnega dna .tvog .S.U 376,495 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