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 20, 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 19, 2001 Dec 12, 2001 Dec 20, 2000 Dec 19, 2001 Reserve Bank Credit 627,352 + 7,607 + 49,070 629,353 U.S. government securities (1) Bought outright-system account (2,3) 554,231 + 2,718 + 39,494 555,584 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) 36,593 + 5,093 + 11,572 37,700 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 12 - 31 - 283 10 Seasonal credit 35 + 1 - 86 34 Extended credit 0 0 0 0 Float 732 + 348 - 2,243 27 Other F.R. assets 35,738 - 523 + 736 35,989 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 143 2,200 Treasury currency outstanding 33,167 + 14 + 1,624 33,167 Total factors supplying reserve funds 673,764 + 7,621 + 50,551 675,765 Currency in circulation* 630,596 + 3,558 + 47,391 634,598 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 440 - 1 + 36 425 Deposits, other than reserve balances, with F.R. Banks Treasury 5,864 + 856 - 2,241 7,174 Foreign 290 + 136 + 130 622 Service-related balances and adjustments (5) 9,136 + 380 + 2,439 9,136 Other 221 - 19 - 1 208 Other F.R. liabilities and capital 17,966 + 81 - 615 17,698 Total factors, other than reserve balances, absorbing reserve funds 664,514 + 4,993 + 47,140 669,861 Reserve balances with F.R. Banks (6) 9,250 + 2,628 + 3,410 5,903 On December 19, 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 $ 733,833 million, a change of $ + 346 million for the week. The total includes $ 600,626 million of U.S. government securities and $ 133,207 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 $ 18,807 million (daily average over statement week) and $ 18,728 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,807 million (daily average) and $ 18,728 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,926 million (daily average) and $ 2,204 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 $ 935 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 $ 8,583 million and adjustments of $ 553 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 19, 2001 Dec 12, 2001 Dec 20, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,079 + 9 + 125 Loans 44 - 74 - 81 Acceptances 0 0 0 Repurchase agreements — triparty (1) 37,700 - 4,800 + 11,990 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 186,484 - 107 + 3,857 Notes (3) 265,920 + 2,074 + 26,791 Bonds (4) 103,179 + 92 + 10,396 Total bought outright (5) 555,584 + 2,060 + 41,045 Held under repurchase agreements 0 0 0 Total U.S. government securities 555,584 + 2,060 + 41,045 Total loans and securities 593,338 - 2,814 + 52,834 Items in process of collection (1,026) 9,101 - 968 - 3,233 Bank premises 1,518 0 + 66 Other assets (6) 35,527 + 591 + 1,807 TOTAL ASSETS (1,026) 653,807 - 3,182 + 51,597 LIABILITIES Federal Reserve notes 602,936 + 4,755 + 46,146 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 16,772 - 10,959 + 2,906 U.S. Treasury—general account 7,174 + 2,582 + 2,393 Foreign—official accounts 622 + 328 + 395 Other (0) 208 - 8 - 3 Total deposits (0) 24,775 - 8,059 + 5,691 Deferred availability cash items (1,026) 8,398 + 188 + 201 Other liabilities and accrued dividends (7) 2,605 - 59 - 1,770 TOTAL LIABILITIES (1,026) 638,714 - 3,175 + 50,268 CAPITAL ACCOUNTS Capital paid in 7,355 - 10 + 333 Surplus 6,725 - 3 + 4,046 Other capital accounts 1,012 + 5 - 3,051 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 $ 573 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 $ 362 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,728 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,204 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 19, 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 40 21,405 + 5,465 0 0 25,700 0 16 days to 90 days 3 118,662 - 6,150 0 0 12,000 0 91 days to 1 year 0 131,635 + 2,044 0 0 ——— ——— Over 1 year to 5 years ——— 151,727 + 634 10 0 ——— ——— Over 5 years to 10 years ——— 53,317 + 70 0 0 ——— ——— Over 10 years ——— 78,838 - 4 0 0 ——— ——— Total 44 555,584 + 2,060 10 0 37,700 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 935 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 ,91 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 641 0 31 2 7 4 3 0 6 0 21 1 21 8 61 3 6 2 4 8 6 6 5 9 70,1 nioC 9 0 8 4 3 2 1 3 0 1 0 0 4 4 4 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 07,73 0 0 07,73 )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 887,81 1 83,3 6 57,5 2 85 1 27,6 1 21,12 3 28,21 1 41,11 8 19,01 0 66,7 0 93,67 4 02,11 4 84,681 slliB —thgirtuo thguoB 197,62 1 28,4 8 02,8 0 38 5 85,9 8 11,03 6 82,81 6 88,51 8 65,51 2 29,01 0 39,801 7 79,51 0 29,562 )3( setoN 593,01 0 78,1 5 81,3 2 23 9 17,3 6 86,11 5 90,7 4 61,6 1 40,6 8 32,4 6 62,24 9 91,6 9 71,301 )4( sdnoB 479,55 2 70,01 8 41,71 3 37,1 5 20,02 4 29,26 4 02,83 1 91,33 7 25,23 0 28,22 6 85,722 1 83,33 4 85,555 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 479,55 2 70,01 8 41,71 3 37,1 5 20,02 4 29,26 4 02,83 1 91,33 7 25,23 0 28,22 6 85,722 1 83,33 4 85,555 seitiruces .tvog .S.U latoT 489,55 2 70,01 7 51,71 7 37,1 9 20,02 7 39,26 7 02,83 1 91,33 8 25,23 1 28,22 0 92,562 5 83,33 8 33,395 seitiruces dna snaol latoT 028,2 0 43 7 65 2 47 8 85 3 56 7 10,1 0 37 9 05 9 25 2 90,1 1 45 7 21,01 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 2 4 6 01 5 82 3 31 2 51 9 4 8 71 2 9 8 15,1 sesimerp knaB 394,3 3 09 4 59 1 66 7 49 3 43,3 6 23,2 4 97,4 5 80,2 5 92,1 2 09,21 5 28,1 7 25,53 )6( stessa rehtO 838,9 - 8 79,2 + 3 40,1 - 0 57,11+ 2 81 + 9 26,4 + 3 55,5 + 0 29,01+ 4 58,1 - 4 46,1 - 3 49,81- 0 96,2 - 0 tnuocca tnemelttes tcirtsidretnI 741,45 6 31,51 9 31,81 0 22,51 2 62,22 8 20,37 5 45,84 4 28,05 4 21,43 9 26,32 1 19,562 9 68,33 3 38,456 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 375 $ 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 263 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 279,3 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 402,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 827,81 $ 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 ,91 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 854,74 8 26,31 4 17,61 2 68,31 2 71,12 5 26,76 7 21,54 6 92,44 3 64,03 1 37,12 5 55,942 6 03,13 6 39,206 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 022,2 9 66 0 55 7 34 5 83 8 27,2 9 71,1 2 69,1 7 76,1 4 67 4 72,3 5 29 2 77,61 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 4 71,7 0 4 71,7 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 8 95 2 2 26 stnuocca laiciffo—ngieroF 2 2 0 1 0 1 8 0 2 5 2 1 0 31 1 8 02 rehtO 522,2 2 76 1 65 9 34 6 83 9 37,2 2 81,1 2 20,2 1 86,1 6 67 5 71,11 8 29 5 77,42 stisoped latoT 885,2 8 83 7 63 8 75 8 72 8 87 3 29 8 47 1 74 6 45 6 31,1 2 16 4 24,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 032 0 9 5 01 5 6 1 11 7 72 7 12 0 42 7 51 8 11 9 28 5 61 5 06,2 )2( sdnedivid 205,25 8 77,41 7 47,71 4 49,41 8 49,12 8 24,17 9 44,74 5 03,74 2 77,23 0 61,32 5 96,262 1 10,33 0 47,936 SEITILIBAIL LATOT STNUOCCA LATIPAC 897 3 61 1 91 0 81 9 41 5 77 4 35 6 57,1 5 66 1 22 4 05,1 8 14 5 53,7 ni diap latipaC 297 8 81 9 71 6 9 8 31 2 36 5 94 9 76,1 2 74 8 22 8 64,1 8 53 5 27,6 sulpruS 55 6 2 2 0 7 2 3 91 7 6 3 8 5 12 9 1 4 42 1 8 2 10,1 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 741,45 6 31,51 9 31,81 0 22,51 2 62,22 8 20,37 5 45,84 4 28,05 4 21,43 9 26,32 1 19,562 9 68,33 3 38,456 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 986,96 9 12,33 5 71,12 6 60,61 5 90,42 6 30,57 9 77,46 0 15,55 7 61,53 8 64,82 8 29,392 7 09,53 0 40,357 gnidnatstuo seton .R.F 132,22 1 95,91 2 64,4 4 02,2 3 29,2 1 14,7 2 56,91 5 12,11 4 07,4 7 37,6 3 73,44 1 06,4 4 01,051 sknaB .R.F yb dleH—sseL 854,74 8 26,31 4 17,61 2 68,31 2 71,12 5 26,76 7 21,54 6 92,44 3 64,03 1 37,12 5 55,942 6 03,13 6 39,206 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 196,985 )3( seitiruces ycnega dna .tvog .S.U 639,206 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