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 10, 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 9, 2002 Jan 2, 2002 Jan 10, 2001 Jan 9, 2002 Reserve Bank Credit 631,596 - 11,205 + 53,246 633,428 U.S. government securities (1) Bought outright-system account (2,3) 556,350 + 2,506 + 42,238 557,614 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) 36,929 - 13,785 + 9,813 37,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 155 + 145 + 70 1,005 Seasonal credit 12 - 19 - 24 8 Extended credit 0 0 0 0 Float 933 - 198 + 181 -80 Other F.R. assets 37,208 + 148 + 1,089 37,371 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,209 + 14 + 1,464 33,209 Total factors supplying reserve funds 678,050 - 11,191 + 54,709 679,883 Currency in circulation* 639,058 - 4,164 + 50,547 636,394 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 428 + 2 - 26 435 Deposits, other than reserve balances, with F.R. Banks Treasury 5,053 - 929 + 258 5,107 Foreign 104 - 26 - 4 81 Service-related balances and adjustments (5) 8,869 - 219 + 1,913 8,869 Other 187 - 215 + 8 184 Other F.R. liabilities and capital 17,446 + 36 - 536 17,409 Total factors, other than reserve balances, absorbing reserve funds 671,145 - 5,515 + 52,160 668,478 Reserve balances with F.R. Banks (6) 6,904 - 5,678 + 2,548 11,405 On January 9, 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 $ 729,156 million, a change of $ - 3,486 million for the week. The total includes $ 596,825 million of U.S. government securities and $ 132,331 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 $ 19,589 million (daily average over statement week) and $ 19,184 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,589 million (daily average) and $ 19,184 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,604 million (daily average) and $ 2,478 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 $ 955 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 $ 8,552 million and adjustments of $ 317 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 9, 2002 Jan 2, 2002 Jan 10, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,053 + 17 + 98 Loans 1,013 + 981 + 981 Acceptances 0 0 0 Repurchase agreements — triparty (1) 37,500 - 12,000 + 9,625 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 186,221 + 975 + 2,856 Notes (3) 267,736 + 1,796 + 28,544 Bonds (4) 103,658 - 2 + 10,737 Total bought outright (5) 557,614 + 2,769 + 42,136 Held under repurchase agreements 0 0 0 Total U.S. government securities 557,614 + 2,769 + 42,136 Total loans and securities 596,138 - 8,249 + 52,622 Items in process of collection (1,173) 9,080 + 1,617 + 932 Bank premises 1,511 0 + 49 Other assets (6) 35,973 + 473 + 1,109 TOTAL ASSETS (1,173) 657,000 - 6,141 + 54,810 LIABILITIES Federal Reserve notes 604,673 - 7,206 + 48,920 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 21,572 + 1,172 + 6,694 U.S. Treasury—general account 5,107 - 2,293 - 53 Foreign—official accounts 81 - 15 - 41 Other (0) 184 - 41 + 10 Total deposits (0) 26,943 - 1,179 + 6,609 Deferred availability cash items (1,173) 7,975 + 2,054 - 143 Other liabilities and accrued dividends (7) 2,362 - 14 - 1,777 TOTAL LIABILITIES (1,173) 641,953 - 6,345 + 53,608 CAPITAL ACCOUNTS Capital paid in 7,419 + 45 + 420 Surplus 7,272 - 11 + 1,083 Other capital accounts 356 + 170 - 302 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 $ 563 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 $ 392 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,184 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 9, 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 1,008 16,267 + 1,586 0 0 31,500 0 16 days to 90 days 5 122,280 - 1,443 0 0 6,000 0 91 days to 1 year 0 131,458 + 831 0 0 ——— ——— Over 1 year to 5 years ——— 154,956 + 1,798 10 0 ——— ——— Over 5 years to 10 years ——— 53,336 - 2 0 0 ——— ——— Over 10 years ——— 79,317 - 2 0 0 ——— ——— Total 1,013 557,614 + 2,769 10 0 37,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 955 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 ,9 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 241 1 31 8 6 2 3 9 5 8 11 0 21 5 61 8 5 5 4 0 6 5 5 3 50,1 nioC 0 0 0 1 4 8 0 41 0 0 68 0 0 0 3 10,1 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 05,73 0 0 05,73 )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 167,81 6 73,3 8 47,5 1 85 2 17,6 1 90,12 5 08,21 5 21,11 2 09,01 9 46,7 2 82,67 9 81,11 1 22,681 slliB —thgirtuo thguoB 479,62 4 58,4 4 62,8 5 38 0 56,9 3 23,03 0 14,81 5 99,51 5 76,51 7 99,01 3 76,901 6 80,61 6 37,762 )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 8 56,301 )4( sdnoB 871,65 9 01,01 1 12,71 0 47,1 8 90,02 4 51,36 3 43,83 2 13,33 5 46,23 3 09,22 7 14,822 3 05,33 4 16,755 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 871,65 9 01,01 1 12,71 0 47,1 8 90,02 4 51,36 3 43,83 2 13,33 5 46,23 3 09,22 7 14,822 3 05,33 4 16,755 seitiruces .tvog .S.U latoT 971,65 9 01,01 1 12,71 0 47,1 3 01,02 3 61,36 4 84,83 3 13,33 6 05,33 4 09,22 1 29,562 3 05,33 8 31,695 seitiruces dna snaol latoT 363,2 1 75 1 95 8 37 2 75 8 57 0 40,1 7 78 2 34 6 94 9 71,1 7 36 3 52,01 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 635,3 2 97 1 79 5 56 8 69 7 74,3 5 63,2 8 77,4 2 11,2 3 13,1 8 41,31 8 58,1 3 79,53 )6( stessa rehtO 014,01- 8 33,2 + 6 77 - 1 64,21+ 5 82 + 1 58,3 + 7 14,4 + 7 31,01+ 4 80,2 - 6 46,2 - 2 68,41- 1 17,2 - 0 tnuocca tnemelttes tcirtsidretnI 253,35 3 56,41 7 94,81 2 29,51 4 44,22 2 17,27 5 47,74 9 82,05 8 18,43 8 96,22 8 49,072 5 90,43 3 71,856 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 365 $ 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 293 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 874,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 481,91 $ 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 ,9 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 200,74 5 80,31 3 76,61 8 59,31 0 61,12 8 16,76 6 23,44 5 85,44 4 92,03 3 02,12 5 71,352 4 95,13 3 76,406 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 922,2 4 37 8 58 0 58 3 85 0 75,2 9 13,1 0 21,1 3 96,2 2 04 6 63,7 7 48 2 75,12 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 7 01,5 0 7 01,5 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 7 5 2 1 8 stnuocca laiciffo—ngieroF 1 1 4 0 0 1 2 7 3 0 0 5 31 1 4 81 rehtO 332,2 6 37 3 68 1 58 4 85 4 75,2 3 23,1 4 61,1 6 96,2 4 04 5 66,21 0 58 3 49,62 stisoped latoT 092,2 7 14 1 74 0 66 0 82 0 46 2 98 6 28 4 43 3 25 0 61,1 6 46 8 41,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 102 4 8 8 9 0 6 7 01 5 52 6 91 3 02 6 31 1 11 4 67 7 41 2 63,2 )2( sdnedivid 627,15 3 23,41 4 01,81 9 25,51 1 31,22 6 80,17 6 37,64 9 77,64 0 74,33 1 42,22 3 67,762 7 32,33 6 21,346 SEITILIBAIL LATOT STNUOCCA LATIPAC 597 4 61 1 91 9 03 9 41 3 97 1 54 8 57,1 5 66 1 22 3 05,1 9 14 9 14,7 ni diap latipaC 697 4 61 1 91 4 8 9 41 3 97 5 35 2 57,1 5 66 1 22 4 05,1 8 14 2 72,7 sulpruS 53 2 1 1 0 5 1 9 3 3 2 0 9 1 4 1 7 71 2 2 6 53 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 253,35 3 56,41 7 94,81 2 29,51 4 44,22 2 17,27 5 47,74 9 82,05 8 18,43 8 96,22 8 49,072 5 90,43 3 71,856 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 929,86 4 38,23 8 30,12 3 70,61 8 99,32 8 56,47 2 00,46 9 42,55 5 10,53 3 42,82 1 83,492 7 98,53 7 13,057 gnidnatstuo seton .R.F 829,12 9 47,91 6 63,4 5 11,2 7 38,2 0 40,7 6 76,91 3 66,01 1 27,4 9 30,7 7 02,14 3 03,4 4 46,541 sknaB .R.F yb dleH—sseL 200,74 5 80,31 3 76,61 8 59,31 0 61,12 8 16,76 6 23,44 5 85,44 4 92,03 3 02,12 5 71,352 4 95,13 3 76,406 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 824,195 )3( seitiruces ycnega dna .tvog .S.U 376,406 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