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 13, 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 12, 2001 Dec 5, 2001 Dec 13, 2000 Dec 12, 2001 Reserve Bank Credit 619,750 - 3,014 + 46,875 633,977 U.S. government securities (1) Bought outright-system account (2,3) 551,513 + 1,073 + 37,798 553,524 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) 31,500 - 3,071 + 8,879 42,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 43 + 35 + 39 83 Seasonal credit 34 0 - 90 35 Extended credit 0 0 0 0 Float 389 - 1,304 - 1,313 1,360 Other F.R. assets 36,262 + 255 + 1,683 36,465 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,153 + 14 + 1,660 33,153 Total factors supplying reserve funds 666,149 - 2,999 + 47,535 680,375 Currency in circulation* 627,038 + 1,565 + 46,852 629,822 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 441 + 6 + 37 443 Deposits, other than reserve balances, with F.R. Banks Treasury 5,008 - 492 - 374 4,592 Foreign 154 - 240 + 79 294 Service-related balances and adjustments (5) 8,756 + 224 + 1,776 8,756 Other 240 - 5 - 4 216 Other F.R. liabilities and capital 17,885 - 163 - 622 17,764 Total factors, other than reserve balances, absorbing reserve funds 659,521 + 894 + 47,743 661,886 Reserve balances with F.R. Banks (6) 6,628 - 3,893 - 208 18,489 On December 12, 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 $ 733,487 million, a change of $ - 546 million for the week. The total includes $ 603,406 million of U.S. government securities and $ 130,081 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 $ 20,225 million (daily average over statement week) and $ 18,344 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,461 million (daily average) and $ 18,344 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,000 million (daily average) and $ 6,171 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 $ 943 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 $ 8,247 million and adjustments of $ 509 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 12, 2001 Dec 5, 2001 Dec 13, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,070 + 21 + 122 Loans 118 + 79 - 15 Acceptances 0 0 0 Repurchase agreements — triparty (1) 42,500 + 14,500 + 15,240 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 186,591 + 774 + 3,385 Notes (3) 263,846 - 5 + 24,719 Bonds (4) 103,087 - 3 + 10,304 Total bought outright (5) 553,524 + 766 + 38,409 Held under repurchase agreements 0 0 0 Total U.S. government securities 553,524 + 766 + 38,409 Total loans and securities 596,152 + 15,345 + 53,513 Items in process of collection (796) 10,069 - 708 - 1,979 Bank premises 1,518 - 2 + 76 Other assets (6) 34,936 + 228 + 1,605 TOTAL ASSETS (796) 656,989 + 14,884 + 52,335 LIABILITIES Federal Reserve notes 598,181 + 2,987 + 45,764 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 27,731 + 12,878 + 6,914 U.S. Treasury—general account 4,592 - 196 - 355 Foreign—official accounts 294 + 208 + 222 Other (30) 216 - 27 - 32 Total deposits (30) 32,834 + 12,864 + 6,750 Deferred availability cash items (766) 8,210 - 1,015 + 458 Other liabilities and accrued dividends (7) 2,664 - 17 - 1,958 TOTAL LIABILITIES (796) 641,889 + 14,819 + 51,013 CAPITAL ACCOUNTS Capital paid in 7,365 + 8 + 262 Surplus 6,728 - 2 + 4,049 Other capital accounts 1,007 + 58 - 2,988 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 $ 578 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 $ 365 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,344 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,171 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 12, 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 94 15,940 + 862 0 0 31,500 0 16 days to 90 days 24 124,812 - 393 0 0 11,000 0 91 days to 1 year 0 129,591 + 305 0 0 ——— ——— Over 1 year to 5 years ——— 151,093 0 10 0 ——— ——— Over 5 years to 10 years ——— 53,247 - 4 0 0 ——— ——— Over 10 years ——— 78,842 - 3 0 0 ——— ——— Total 118 553,524 + 766 10 0 42,500 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 943 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 ,21 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 041 9 21 2 7 4 3 9 5 0 21 1 21 1 71 5 6 9 3 6 6 3 5 0 70,1 nioC 8 0 8 4 3 1 1 3 0 1 1 5 7 3 8 11 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 05,24 0 0 05,24 )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 997,81 3 83,3 9 57,5 2 85 5 27,6 3 31,12 1 38,21 7 41,11 4 29,01 4 66,7 4 34,67 1 12,11 1 95,681 slliB —thgirtuo thguoB 285,62 3 87,4 4 41,8 3 28 0 15,9 3 88,92 3 41,81 2 67,51 7 44,51 7 38,01 0 80,801 2 58,51 6 48,362 )3( setoN 683,01 9 68,1 2 81,3 2 23 6 17,3 5 76,11 9 80,7 8 51,6 5 30,6 4 32,4 8 22,24 4 91,6 7 80,301 )4( sdnoB 667,55 4 30,01 5 80,71 7 27,1 1 59,91 1 96,26 2 60,83 8 60,33 6 04,23 5 37,22 2 47,622 7 52,33 4 25,355 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 667,55 4 30,01 5 80,71 7 27,1 1 59,91 1 96,26 2 60,83 8 60,33 6 04,23 5 37,22 2 47,622 7 52,33 4 25,355 seitiruces .tvog .S.U latoT 577,55 5 30,01 3 90,71 1 37,1 4 59,91 3 07,26 6 60,83 8 60,33 7 04,23 7 37,22 1 23,962 0 62,33 2 51,695 seitiruces dna snaol latoT 786,2 0 87 5 06 8 36 3 74 7 47 5 85,1 9 49 8 43 5 84 9 39 9 26 5 68,01 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 2 4 7 01 6 82 3 31 2 51 9 4 7 71 2 9 8 15,1 sesimerp knaB 154,3 1 87 3 49 4 66 8 29 7 82,3 5 92,2 1 77,4 9 50,2 5 72,1 5 86,21 6 97,1 6 39,43 )6( stessa rehtO 216,8 - 0 92,2 + 3 35 - 0 79,11+ 0 37 + 2 71,5 + 5 75,4 + 0 72,21+ 0 8 - 4 47,1 - 1 23,32- 6 17,2 - 0 tnuocca tnemelttes tcirtsidretnI 389,45 5 27,41 2 16,81 4 33,51 0 06,22 8 73,37 4 69,74 0 52,25 4 95,53 8 73,32 1 91,562 6 77,33 5 87,756 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 875 $ 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 563 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 279,3 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 171,6 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 443,81 $ 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 ,21 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 071,74 8 90,31 2 96,61 6 02,31 8 40,12 5 47,76 9 31,44 1 78,34 1 95,03 3 67,12 7 66,742 0 91,13 1 81,895 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 472,3 7 57 1 50,1 9 42,1 2 58 4 31,3 6 06,1 3 47,3 6 11,3 8 84 3 05,7 7 59 1 37,72 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 2 95,4 0 2 95,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 0 72 2 4 92 stnuocca laiciffo—ngieroF 1 1 2 4 2 1 1 0 9 5 2 1 6 31 1 6 42 rehtO 872,3 0 67 4 90,1 2 52,1 4 58 8 31,3 8 06,1 9 08,3 0 21,3 0 94 2 05,21 0 69 3 68,23 stisoped latoT 636,2 8 14 6 23 1 35 2 72 6 16 3 09 7 08 9 63 6 35 3 69 9 95 7 79,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 442 3 9 8 01 7 6 4 11 9 72 4 22 2 42 0 61 2 21 7 48 5 61 4 66,2 )2( sdnedivid 823,35 8 63,41 0 22,81 6 50,51 7 82,22 8 77,17 4 78,64 0 37,84 1 42,43 2 19,22 9 79,162 4 19,23 5 86,246 SEITILIBAIL LATOT STNUOCCA LATIPAC 708 3 61 1 91 0 81 9 41 6 77 5 35 6 57,1 5 66 1 22 4 05,1 8 14 5 63,7 ni diap latipaC 297 8 81 9 71 9 9 8 31 2 36 5 94 9 76,1 2 74 8 22 8 64,1 8 53 8 27,6 sulpruS 55 5 2 2 0 7 2 3 91 0 6 5 8 7 12 7 1 0 42 5 8 7 00,1 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 389,45 5 27,41 2 16,81 4 33,51 0 06,22 8 73,37 4 69,74 0 52,25 4 95,53 8 73,32 1 91,562 6 77,33 5 87,756 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 146,96 3 49,23 1 72,12 9 64,51 5 41,42 9 64,57 2 44,46 3 25,55 6 04,53 6 36,82 3 41,292 2 21,63 0 12,157 gnidnatstuo seton .R.F 174,22 6 48,91 9 75,4 3 62,2 8 90,3 4 27,7 3 03,02 1 56,11 5 18,4 3 78,6 5 74,44 2 39,4 9 20,351 sknaB .R.F yb dleH—sseL 071,74 8 90,31 2 96,61 6 02,31 8 40,12 5 47,76 9 31,44 1 78,34 1 95,03 3 67,12 7 66,742 0 91,13 1 81,895 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 639,485 )3( seitiruces ycnega dna .tvog .S.U 181,895 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