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. December 6, 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 Dec 5, 2001 Nov 28, 2001 Dec 6, 2000 Dec 5, 2001 Reserve Bank Credit 622,763 + 1,650 + 50,872 617,949 U.S. government securities (1) Bought outright-system account (2,3) 550,440 + 946 + 37,173 552,758 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) 34,571 - 672 + 10,894 28,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 - 1 - 61 2 Seasonal credit 34 + 1 - 87 36 Extended credit 0 0 0 0 Float 1,692 + 1,008 + 1,172 1,014 Other F.R. assets 36,007 + 367 + 1,900 36,128 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,139 + 26 + 1,738 33,139 Total factors supplying reserve funds 669,147 + 1,676 + 51,610 664,333 Currency in circulation* 625,473 - 759 + 46,195 626,844 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 435 + 6 + 82 441 Deposits, other than reserve balances, with F.R. Banks Treasury 5,500 + 426 + 225 4,788 Foreign 394 + 67 + 313 86 Service-related balances and adjustments (5) 8,532 + 374 + 1,926 8,532 Other 245 - 18 - 18 243 Other F.R. liabilities and capital 18,048 + 233 - 224 17,716 Total factors, other than reserve balances, absorbing reserve funds 658,627 + 329 + 48,499 658,650 Reserve balances with F.R. Banks (6) 10,520 + 1,346 + 3,111 5,683 On December 5, 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 $ 734,033 million, a change of $ - 3,318 million for the week. The total includes $ 603,298 million of U.S. government securities and $ 130,736 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 $ 19,766 million (daily average over statement week) and $ 18,889 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,766 million (daily average) and $ 18,889 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,244 million (daily average) and $ 3,862 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 $ 951 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 $ 8,248 million and adjustments of $ 285 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 Dec 5, 2001 Nov 28, 2001 Dec 6, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,049 + 3 + 135 Loans 39 + 4 - 95 Acceptances 0 0 0 Repurchase agreements — triparty (1) 28,000 - 11,350 + 5,475 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 185,817 + 518 + 2,433 Notes (3) 263,851 + 1,475 + 26,823 Bonds (4) 103,090 0 + 10,402 Total bought outright (5) 552,758 + 1,993 + 39,658 Held under repurchase agreements 0 0 0 Total U.S. government securities 552,758 + 1,993 + 39,658 Total loans and securities 580,807 - 9,354 + 44,918 Items in process of collection (986) 10,777 + 2,740 + 1,399 Bank premises 1,520 + 1 + 79 Other assets (6) 34,708 - 71 + 1,911 TOTAL ASSETS (986) 642,105 - 6,682 + 47,440 LIABILITIES Federal Reserve notes 595,194 - 26 + 44,899 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 14,853 - 8,430 + 2,698 U.S. Treasury—general account 4,788 + 475 - 427 Foreign—official accounts 86 - 265 - 3 Other (0) 243 - 29 - 1 Total deposits (0) 19,970 - 8,249 + 2,268 Deferred availability cash items (986) 9,225 + 1,735 + 631 Other liabilities and accrued dividends (7) 2,681 - 6 - 1,716 TOTAL LIABILITIES (986) 627,070 - 6,546 + 46,082 CAPITAL ACCOUNTS Capital paid in 7,357 - 13 + 269 Surplus 6,730 - 3 + 4,051 Other capital accounts 949 - 120 - 2,961 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 $ 583 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 $ 368 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,889 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,862 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, December 5, 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 17 15,078 - 8,869 0 0 18,000 0 16 days to 90 days 22 125,205 + 11,896 0 0 10,000 0 91 days to 1 year 0 129,286 - 1,037 0 0 ——— ——— Over 1 year to 5 years ——— 151,093 + 2 10 0 ——— ——— Over 5 years to 10 years ——— 53,251 0 0 0 ——— ——— Over 10 years ——— 78,845 0 0 0 ——— ——— Total 39 552,758 + 1,993 10 0 28,000 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 ,5 rebmeceD 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 731 7 21 7 6 3 3 7 5 9 11 2 11 3 71 3 6 0 4 7 6 3 5 9 40,1 nioC 4 1 0 1 3 4 0 1 4 0 0 0 0 2 9 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 00,82 0 0 00,82 )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 127,81 9 63,3 5 37,5 0 85 7 96,6 5 40,12 7 77,21 1 01,11 9 78,01 2 36,7 7 11,67 4 61,11 7 18,581 slliB —thgirtuo thguoB 285,62 3 87,4 4 41,8 3 28 0 15,9 3 88,92 3 41,81 3 67,51 7 44,51 7 38,01 2 80,801 3 58,51 1 58,362 )3( setoN 683,01 9 68,1 2 81,3 2 23 6 17,3 6 76,11 9 80,7 9 51,6 5 30,6 4 32,4 9 22,24 4 91,6 0 90,301 )4( sdnoB 986,55 1 20,01 1 60,71 5 27,1 3 29,91 4 06,26 9 00,83 2 20,33 1 63,23 4 07,22 8 24,622 1 12,33 8 57,255 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 986,55 1 20,01 1 60,71 5 27,1 3 29,91 4 06,26 9 00,83 2 20,33 1 63,23 4 07,22 8 24,622 1 12,33 8 57,255 seitiruces .tvog .S.U latoT 496,55 2 20,01 1 70,71 8 27,1 8 29,91 6 16,26 4 10,83 3 20,33 2 63,23 4 07,22 2 34,452 3 12,33 7 08,085 seitiruces dna snaol latoT 251,3 8 08 5 37 7 36 9 86 2 37 7 71,1 4 57 7 15 7 94 3 22,1 1 48 3 67,11 noitcelloc fo ssecorp ni smetI 271 6 31 9 4 3 21 2 4 1 11 5 82 3 31 2 51 9 4 7 71 2 9 0 25,1 sesimerp knaB 714,3 5 77 0 39 1 66 9 19 1 33,3 1 72,2 0 97,4 6 60,2 2 62,1 6 15,21 2 77,1 8 07,43 )6( stessa rehtO 640,01- 2 74,2 + 4 29 - 4 67,01+ 1 35 + 8 49,4 + 8 31,4 + 2 55,01+ 2 01,2 - 5 96,1 - 0 44,51- 9 91,3 - 0 tnuocca tnemelttes tcirtsidretnI 698,35 6 19,41 1 13,81 0 21,41 8 75,22 7 90,37 4 30,74 2 13,05 9 96,33 4 93,32 0 03,852 4 34,33 1 90,346 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 385 $ 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 863 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 279,3 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 268,3 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 988,81 $ 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 ,5 rebmeceD 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 554,74 8 04,31 0 76,61 4 07,21 0 51,12 1 10,86 9 33,34 0 96,34 0 63,03 9 18,12 4 35,542 3 50,13 4 91,595 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 407,1 2 16 3 65 4 64 4 37 9 64,2 5 83,1 6 98,1 7 73,1 3 54 7 64,2 9 27 3 58,41 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 8 87,4 0 8 87,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 2 6 2 6 8 stnuocca laiciffo—ngieroF 1 1 3 1 2 1 3 1 7 8 0 0 4 31 1 3 42 rehtO 807,1 4 16 7 75 6 64 5 37 5 74,2 8 83,1 0 99,1 0 83,1 4 54 1 54,7 1 37 0 79,91 stisoped latoT 948,2 7 44 7 65 6 06 7 62 3 37 5 89 6 78 2 64 6 35 0 62,1 3 26 0 12,01 smeti tiderc derrefeD deurcca dna seitilibail rehtO 842 2 9 6 01 3 6 3 11 3 82 2 22 9 42 6 61 1 21 4 58 4 61 1 86,2 )2( sdnedivid 162,25 1 65,41 0 29,71 0 48,31 5 62,22 2 05,17 3 39,54 5 08,64 8 63,23 0 39,22 8 90,552 2 75,23 5 50,826 SEITILIBAIL LATOT STNUOCCA LATIPAC 508 3 61 0 91 0 81 9 41 5 77 1 35 6 57,1 5 66 2 22 3 05,1 8 14 7 53,7 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 83 4 1 2 0 6 2 8 81 5 7 2 7 4 91 5 1 2 32 5 8 9 49 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 698,35 6 19,41 1 13,81 0 21,41 8 75,22 7 90,37 4 30,74 2 13,05 9 96,33 4 93,32 0 03,852 4 34,33 1 90,346 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 938,96 8 60,33 7 41,12 0 99,41 5 40,42 8 06,57 6 16,46 4 75,55 3 34,53 1 96,82 3 05,982 8 99,53 3 15,847 gnidnatstuo seton .R.F 483,22 9 56,91 7 74,4 5 82,2 5 98,2 7 95,7 8 72,12 4 88,11 3 70,5 2 78,6 9 69,34 5 49,4 8 13,351 sknaB .R.F yb dleH—sseL 554,74 8 04,31 0 76,61 4 07,21 0 51,12 1 10,86 9 33,34 0 96,34 0 63,03 9 18,12 4 35,542 3 50,13 4 91,595 ten ,seton .R.F seton .R.F tsniaga dleh laretalloC 540,11 tnuocca etacifitrec dloG sthgir gniward laicepS 002,2 tnuocca etacifitrec 181,1 stessa elbigile rehtO 867,085 )3( seitiruces ycnega dna .tvog .S.U 491,595 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