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 27, 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 26, 2001 Dec 19, 2001 Dec 27, 2000 Dec 26, 2001 Reserve Bank Credit 633,771 + 6,420 + 49,457 643,503 U.S. government securities (1) Bought outright-system account (2,3) 555,865 + 1,634 + 40,270 555,997 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) 41,743 + 5,150 + 9,984 50,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 36 + 24 - 5 13 Seasonal credit 36 + 1 - 76 32 Extended credit 0 0 0 0 Float 171 - 561 - 1,011 1,168 Other F.R. assets 35,911 + 173 + 417 36,034 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,181 + 14 + 1,588 33,181 Total factors supplying reserve funds 680,197 + 6,433 + 51,045 689,929 Currency in circulation* 638,670 + 8,074 + 48,867 642,190 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 425 - 15 + 9 425 Deposits, other than reserve balances, with F.R. Banks Treasury 4,645 - 1,219 + 305 4,856 Foreign 344 + 54 + 241 233 Service-related balances and adjustments (5) 8,973 - 163 + 1,736 8,973 Other 207 - 14 - 51 223 Other F.R. liabilities and capital 17,756 - 210 - 661 17,429 Total factors, other than reserve balances, absorbing reserve funds 671,021 + 6,507 + 50,447 674,331 Reserve balances with F.R. Banks (6) 9,176 - 73 + 598 15,598 On December 26, 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 $ 732,886 million, a change of $ - 947 million for the week. The total includes $ 600,096 million of U.S. government securities and $ 132,790 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 $ 18,990 million (daily average over statement week) and $ 18,854 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,990 million (daily average) and $ 18,854 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,455 million (daily average) and $ 5,378 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 967 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 $ 8,584 million and adjustments of $ 390 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 26, 2001 Dec 19, 2001 Dec 27, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,066 - 13 + 120 Loans 45 + 1 - 72 Acceptances 0 0 0 Repurchase agreements — triparty (1) 50,250 + 12,550 + 6,265 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 186,389 - 95 + 3,859 Notes (3) 265,944 + 24 + 25,768 Bonds (4) 103,663 + 484 + 10,879 Total bought outright (5) 555,997 + 413 + 40,506 Held under repurchase agreements 0 0 0 Total U.S. government securities 555,997 + 413 + 40,506 Total loans and securities 606,301 + 12,963 + 46,578 Items in process of collection (341) 5,222 - 3,879 - 4,865 Bank premises 1,519 + 1 + 64 Other assets (6) 35,593 + 66 + 1,325 TOTAL ASSETS (341) 662,945 + 9,138 + 43,221 LIABILITIES Federal Reserve notes 610,501 + 7,565 + 47,341 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 25,771 + 8,999 + 984 U.S. Treasury—general account 4,856 - 2,318 - 464 Foreign—official accounts 233 - 389 + 150 Other (0) 223 + 15 - 12 Total deposits (0) 31,084 + 6,309 + 658 Deferred availability cash items (341) 3,932 - 4,466 - 4,145 Other liabilities and accrued dividends (7) 2,594 - 11 - 1,747 TOTAL LIABILITIES (341) 648,111 + 9,397 + 42,108 CAPITAL ACCOUNTS Capital paid in 7,357 + 2 + 333 Surplus 6,712 - 13 + 4,033 Other capital accounts 765 - 247 - 3,253 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 570 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 397 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,854 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,378 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 26, 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 41 22,044 + 639 0 0 38,250 0 16 days to 90 days 3 117,382 - 1,280 0 0 12,000 0 91 days to 1 year 0 132,180 + 545 0 0 ——— ——— Over 1 year to 5 years ——— 151,727 0 10 0 ——— ——— Over 5 years to 10 years ——— 53,341 + 24 0 0 ——— ——— Over 10 years ——— 79,322 + 484 0 0 ——— ——— Total 45 555,997 + 413 10 0 50,250 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 967 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 ,62 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 441 9 21 1 7 2 3 9 5 9 11 9 11 7 61 2 6 2 4 5 6 5 5 6 60,1 nioC 4 0 7 3 3 7 1 7 1 0 1 0 1 5 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 52,05 0 0 52,05 )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 877,81 9 73,3 3 57,5 2 85 8 17,6 0 11,12 7 18,21 5 31,11 2 19,01 6 56,7 1 53,67 9 91,11 9 83,681 slliB —thgirtuo thguoB 397,62 1 28,4 8 02,8 0 38 5 85,9 0 21,03 7 82,81 8 88,51 0 75,51 3 29,01 0 49,801 8 79,51 4 49,562 )3( setoN 444,01 9 78,1 0 02,3 3 23 6 37,3 1 47,11 8 21,7 3 91,6 9 60,6 8 52,4 4 64,24 8 22,6 3 66,301 )4( sdnoB 510,65 9 70,01 1 61,71 5 37,1 0 40,02 1 79,26 2 32,83 5 12,33 1 55,23 7 38,22 5 57,722 5 04,33 7 99,555 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 510,65 9 70,01 1 61,71 5 37,1 0 40,02 1 79,26 2 32,83 5 12,33 1 55,23 7 38,22 5 57,722 5 04,33 7 99,555 seitiruces .tvog .S.U latoT 120,65 9 70,01 8 61,71 8 37,1 4 40,02 0 99,26 9 32,83 7 12,33 1 55,23 9 38,22 9 00,872 7 04,33 1 03,606 seitiruces dna snaol latoT 516,1 5 72 3 62 9 75 1 63 3 13 4 43 5 52 0 31 4 08 1 24 3 02 3 65,5 noitcelloc fo ssecorp ni smetI 271 8 31 9 4 3 21 4 4 5 01 5 82 2 31 2 51 9 4 8 71 2 9 9 15,1 sesimerp knaB 905,3 5 87 1 69 3 56 6 59 5 73,3 8 33,2 5 57,4 4 90,2 4 03,1 3 20,31 0 48,1 3 95,53 )6( stessa rehtO 023,8 - 1 85,3 + 8 43 - 9 74,21+ 8 47 + 1 51,5 + 3 96,6 + 4 26,21+ 7 95,1 - 9 95,1 - 8 92,92- 5 11 - 0 tnuocca tnemelttes tcirtsidretnI 115,45 3 65,51 7 45,81 7 77,51 5 26,22 2 92,37 5 50,94 9 30,25 4 30,43 6 79,32 3 27,762 3 41,63 6 82,366 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 075 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 667,5 $ sedulcnI 3 .seitiruces hcus fo lapicnirp eht no noitalfni fo stceffe eht rof stsujda taht noitasnepmoc fo noillim 793 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 873,5 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 458,81 $ 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 ,62 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 326,84 1 70,41 4 10,71 7 89,31 8 93,12 5 73,86 3 29,54 5 59,44 5 77,03 1 00,22 8 95,152 8 77,13 1 05,016 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 875,2 4 48 0 58 8 59 9 96 3 87,2 9 27,1 2 90,3 4 85,1 6 70,1 3 14,6 6 61,3 1 77,52 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 6 58,4 0 6 58,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 0 12 2 3 32 stnuocca laiciffo—ngieroF 2 2 1 0 1 4 2 9 4 2 2 7 51 1 4 22 rehtO 385,2 7 48 2 58 0 69 0 07 0 97,2 3 37,1 9 41,3 8 85,1 9 70,1 5 36,11 9 61,3 4 80,13 stisoped latoT 364,1 5 02 9 81 2 05 7 01 2 82 6 01 0 22 0 81 3 23 5 15 2 81 3 72,4 smeti tiderc derrefeD deurcca dna seitilibail rehtO 732 8 8 6 01 5 6 3 11 2 72 7 12 1 42 7 51 6 11 6 18 7 61 4 95,2 )2( sdnedivid 609,25 1 12,51 1 61,81 4 15,51 8 13,22 0 27,17 0 89,74 4 65,84 9 96,23 9 15,32 4 65,462 5 92,53 2 54,846 SEITILIBAIL LATOT STNUOCCA LATIPAC 997 3 61 1 91 0 81 9 41 5 77 4 35 7 57,1 5 66 1 22 4 05,1 8 14 7 53,7 ni diap latipaC 297 8 81 9 71 4 8 8 31 2 36 5 94 9 76,1 2 74 8 22 8 64,1 8 53 2 17,6 sulpruS 41 0 7 1 0 9 1 6 61 6 4 9 3 8 91 8 7 81 1 7 5 67 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 115,45 3 65,51 7 45,81 7 77,51 5 26,22 2 92,37 5 50,94 9 30,25 4 30,43 6 79,32 3 27,762 3 41,63 6 82,366 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 805,96 6 41,33 4 31,12 2 50,61 3 50,42 3 59,47 4 55,46 5 44,55 0 31,53 2 34,82 7 72,492 9 68,53 3 55,257 gnidnatstuo seton .R.F 588,02 5 70,91 1 21,4 4 60,2 5 56,2 7 75,6 1 36,81 0 94,01 5 53,4 1 34,6 8 76,24 1 90,4 3 50,241 sknaB .R.F yb dleH—sseL 326,84 1 70,41 4 10,71 7 89,31 8 93,12 5 73,86 3 29,54 5 59,44 5 77,03 1 00,22 8 95,152 8 77,13 1 05,016 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 652,795 )3( seitiruces ycnega dna .tvog .S.U 105,016 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