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. January 3, 2002 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 Jan 2, 2002 Dec 26, 2001 Jan 3, 2001 Jan 2, 2002 Reserve Bank Credit 642,801 + 9,022 + 51,980 642,220 U.S. government securities (1) Bought outright-system account (2,3) 553,844 - 2,021 + 41,686 554,845 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) 50,714 + 8,971 + 9,775 49,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 10 - 26 - 15 5 Seasonal credit 31 - 5 - 42 27 Extended credit 0 0 0 0 Float 1,131 + 955 + 26 860 Other F.R. assets 37,060 + 1,146 + 670 36,973 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,195 + 14 + 1,552 33,195 Total factors supplying reserve funds 689,241 + 9,035 + 53,532 688,660 Currency in circulation* 643,222 + 4,552 + 49,610 643,611 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 426 + 1 - 24 427 Deposits, other than reserve balances, with F.R. Banks Treasury 5,982 + 1,337 + 670 7,400 Foreign 130 - 214 - 26 96 Service-related balances and adjustments (5) 9,088 + 115 + 1,660 9,088 Other 402 + 195 - 652 225 Other F.R. liabilities and capital 17,410 - 346 - 474 17,219 Total factors, other than reserve balances, absorbing reserve funds 676,660 + 5,639 + 50,763 678,067 Reserve balances with F.R. Banks (6) 12,582 + 3,397 + 2,770 10,593 On January 2, 2002, 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 $ 732,642 million, a change of $ - 244 million for the week. The total includes $ 599,528 million of U.S. government securities and $ 133,114 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 $ 21,018 million (daily average over statement week) and $ 20,016 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 21,018 million (daily average) and $ 20,016 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 7,246 million (daily average) and $ 6,959 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 $ 960 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 $ 8,551 million and adjustments of $ 536 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 Jan 2, 2002 Dec 26, 2001 Jan 3, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,036 - 30 + 101 Loans 32 - 13 - 26 Acceptances 0 0 0 Repurchase agreements — triparty (1) 49,500 - 750 + 19,025 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 185,246 - 1,143 + 3,370 Notes (3) 265,940 - 4 + 27,322 Bonds (4) 103,660 - 3 + 10,876 Total bought outright (5) 554,845 - 1,152 + 41,567 Held under repurchase agreements 0 0 0 Total U.S. government securities 554,845 - 1,152 + 41,567 Total loans and securities 604,387 - 1,914 + 60,446 Items in process of collection (416) 7,463 + 2,241 - 6,421 Bank premises 1,511 - 8 + 50 Other assets (6) 35,500 - 93 + 1,096 TOTAL ASSETS (416) 663,141 + 196 + 55,270 LIABILITIES Federal Reserve notes 611,879 + 1,378 + 49,000 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 20,400 - 5,371 + 8,342 U.S. Treasury—general account 7,400 + 2,544 + 3,568 Foreign—official accounts 96 - 137 + 20 Other (0) 225 + 2 + 21 Total deposits (0) 28,122 - 2,962 + 11,953 Deferred availability cash items (416) 5,921 + 1,989 - 5,359 Other liabilities and accrued dividends (7) 2,376 - 218 - 1,715 TOTAL LIABILITIES (416) 648,298 + 187 + 53,879 CAPITAL ACCOUNTS Capital paid in 7,374 + 17 + 377 Surplus 7,283 + 571 + 1,095 Other capital accounts 186 - 579 - 81 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 $ 566 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 $ 394 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 20,016 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,959 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, January 2, 2002 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 19 14,681 - 7,363 0 0 38,500 0 16 days to 90 days 12 123,723 + 6,341 0 0 11,000 0 91 days to 1 year 0 130,627 - 1,553 0 0 ——— ——— Over 1 year to 5 years ——— 153,158 + 1,431 10 0 ——— ——— Over 5 years to 10 years ——— 53,338 - 3 0 0 ——— ——— Over 10 years ——— 79,319 - 3 0 0 ——— ——— Total 32 554,845 - 1,152 10 0 49,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 960 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 2002 ,2 yraunaJ 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 341 6 21 8 6 1 3 7 5 6 11 1 11 4 61 0 6 3 4 2 6 4 5 6 30,1 nioC 0 0 4 0 3 4 1 7 0 0 0 1 2 2 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 05,94 0 0 05,94 )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 366,81 8 53,3 8 17,5 8 75 7 76,6 1 89,02 8 37,21 7 60,11 5 48,01 9 06,7 3 88,57 0 31,11 6 42,581 slliB —thgirtuo thguoB 397,62 1 28,4 8 02,8 0 38 5 85,9 0 21,03 7 82,81 7 88,51 9 65,51 3 29,01 8 39,801 8 79,51 0 49,562 )3( setoN 344,01 9 78,1 9 91,3 3 23 6 37,3 0 47,11 8 21,7 3 91,6 9 60,6 8 52,4 2 64,24 8 22,6 0 66,301 )4( sdnoB 998,55 8 50,01 5 21,71 1 37,1 8 99,91 1 48,26 3 51,83 7 41,33 3 84,23 0 97,22 3 82,722 6 33,33 5 48,455 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 998,55 8 50,01 5 21,71 1 37,1 8 99,91 1 48,26 3 51,83 7 41,33 3 84,23 0 97,22 3 82,722 6 33,33 5 48,455 seitiruces .tvog .S.U latoT 009,55 9 50,01 0 31,71 1 37,1 2 00,02 5 58,26 1 61,83 8 41,33 4 84,23 0 97,22 8 87,672 9 33,33 7 83,406 seitiruces dna snaol latoT 743,2 0 25 0 93 5 87 3 74 3 76 2 05 3 23 5 32 7 72 9 49 6 04 9 78,7 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 5 01 1 82 2 31 1 51 9 4 7 71 1 9 1 15,1 sesimerp knaB 794,3 6 87 8 59 8 56 3 59 5 53,3 6 33,2 1 87,4 0 90,2 8 92,1 7 59,21 2 38,1 0 05,53 )6( stessa rehtO 258,8 - 4 69,2 + 8 06 - 8 98,11+ 4 45 + 6 38,4 + 5 54,6 + 5 08,21+ 1 69,1 - 8 77,1 - 6 82,42- 7 10,2 - 0 tnuocca tnemelttes tcirtsidretnI 775,45 7 61,51 0 73,81 9 93,51 6 84,22 1 81,37 2 88,84 0 42,25 1 07,33 7 12,32 2 79,172 7 63,43 7 55,366 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 665 $ 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 493 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 959,6 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 610,02 $ 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 2002 ,2 yraunaJ 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 919,84 2 59,31 5 89,61 6 20,41 8 04,12 0 05,86 3 56,54 8 21,54 1 87,03 2 38,12 2 66,252 2 30,23 9 78,116 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 746,1 5 55 1 85 3 04 0 84 1 43,2 7 47,1 1 99,2 6 41,1 8 55 1 10,7 0 49 0 04,02 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 0 04,7 0 0 04,7 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 3 7 2 6 9 stnuocca laiciffo—ngieroF 1 2 6 0 0 1 3 2 4 3 1 2 61 4 5 22 rehtO 256,1 8 55 8 85 4 04 1 84 4 43,2 2 57,1 1 40,3 1 51,1 0 65 6 46,41 5 49 2 21,82 stisoped latoT 191,2 2 42 8 03 2 46 7 81 3 74 9 91 4 43 6 82 5 62 4 08 4 93 7 33,6 smeti tiderc derrefeD deurcca dna seitilibail rehtO 302 2 8 2 01 7 5 6 01 7 52 6 91 3 02 2 41 0 11 1 77 7 41 6 73,2 )2( sdnedivid 569,25 3 38,41 4 89,71 0 31,51 2 81,22 4 75,17 0 08,74 7 17,84 9 53,23 7 67,22 4 88,862 8 15,33 4 17,846 SEITILIBAIL LATOT STNUOCCA LATIPAC 597 4 61 1 91 0 81 9 41 3 97 6 35 8 57,1 5 66 1 22 4 05,1 8 14 4 73,7 ni diap latipaC 697 4 61 1 91 9 8 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 3 82,7 sulpruS 02 6 4 0 6 1 2 1 1 8 2 1 7 0 8 2 1 6 81 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 775,45 7 61,51 0 73,81 9 93,51 6 84,22 1 81,37 2 88,84 0 42,25 1 07,33 7 12,32 2 79,172 7 63,43 7 55,366 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 782,96 1 30,33 7 80,12 6 30,61 2 00,42 5 38,47 6 92,46 0 63,55 1 70,53 2 43,82 0 50,492 2 28,53 0 22,157 gnidnatstuo seton .R.F 863,02 9 70,91 2 01,4 0 10,2 5 95,2 5 33,6 3 46,81 2 32,01 1 92,4 9 05,6 8 83,14 9 87,3 1 43,931 sknaB .R.F yb dleH—sseL 919,84 2 59,31 5 89,61 6 20,41 8 04,12 0 05,86 3 56,54 8 21,54 1 87,03 2 38,12 2 66,252 2 30,23 9 78,116 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 436,895 )3( seitiruces ycnega dna .tvog .S.U 978,116 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