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 17, 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 16, 2002 Jan 9, 2002 Jan 17, 2001 Jan 16, 2002 Reserve Bank Credit 629,104 - 2,489 + 51,283 627,759 U.S. government securities (1) Bought outright-system account (2,3) 558,463 + 2,113 + 42,175 559,730 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) 32,971 - 3,958 + 8,743 30,900 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 - 147 + 4 2 Seasonal credit 10 - 2 - 16 12 Extended credit 0 0 0 0 Float -81 - 1,005 - 812 -643 Other F.R. assets 37,723 + 510 + 1,308 37,748 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,223 + 14 + 1,430 33,223 Total factors supplying reserve funds 675,572 - 2,475 + 52,713 674,227 Currency in circulation* 632,744 - 6,314 + 48,405 632,241 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 432 + 4 - 24 416 Deposits, other than reserve balances, with F.R. Banks Treasury 5,712 + 659 - 817 6,719 Foreign 271 + 167 + 165 88 Service-related balances and adjustments (5) 8,888 + 19 + 2,256 8,888 Other 232 + 45 + 33 238 Other F.R. liabilities and capital 17,693 + 247 - 572 17,464 Total factors, other than reserve balances, absorbing reserve funds 665,972 - 5,173 + 49,446 666,054 Reserve balances with F.R. Banks (6) 9,600 + 2,699 + 3,267 8,172 On January 16, 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 $ 729,366 million, a change of $ + 210 million for the week. The total includes $ 593,939 million of U.S. government securities and $ 135,427 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 $ 18,661 million (daily average over statement week) and $ 17,980 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,661 million (daily average) and $ 17,980 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,624 million (daily average) and $ 2,335 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 $ 951 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 $ 8,399 million and adjustments of $ 489 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 16, 2002 Jan 9, 2002 Jan 17, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,094 + 41 + 107 Loans 14 - 999 - 11 Acceptances 0 0 0 Repurchase agreements — triparty (1) 30,900 - 6,600 + 8,380 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 187,759 + 1,538 + 3,749 Notes (3) 267,733 - 3 + 27,886 Bonds (4) 104,238 + 580 + 11,317 Total bought outright (5) 559,730 + 2,116 + 42,952 Held under repurchase agreements 0 0 0 Total U.S. government securities 559,730 + 2,116 + 42,952 Total loans and securities 590,654 - 5,484 + 51,201 Items in process of collection (1,279) 8,657 - 423 - 6,838 Bank premises 1,512 + 1 + 49 Other assets (6) 36,123 + 150 + 1,034 TOTAL ASSETS (1,279) 651,285 - 5,715 + 45,551 LIABILITIES Federal Reserve notes 600,528 - 4,145 + 47,199 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 17,869 - 3,703 + 4,245 U.S. Treasury—general account 6,719 + 1,612 - 1,260 Foreign—official accounts 88 + 7 - 15 Other (0) 238 + 54 - 45 Total deposits (0) 24,915 - 2,028 + 2,925 Deferred availability cash items (1,279) 8,378 + 403 - 4,101 Other liabilities and accrued dividends (7) 2,353 - 9 - 1,726 TOTAL LIABILITIES (1,279) 636,174 - 5,779 + 44,297 CAPITAL ACCOUNTS Capital paid in 7,419 0 + 419 Surplus 7,277 + 5 + 1,087 Other capital accounts 414 + 58 - 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 $ 561 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 $ 390 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,980 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,335 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 16, 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 5 22,622 + 6,355 0 0 25,900 0 16 days to 90 days 9 116,887 - 5,393 0 0 5,000 0 91 days to 1 year 0 132,034 + 576 0 0 ——— ——— Over 1 year to 5 years ——— 156,660 + 1,704 10 0 ——— ——— Over 5 years to 10 years ——— 51,630 - 1,706 0 0 ——— ——— Over 10 years ——— 79,897 + 580 0 0 ——— ——— Total 14 559,730 + 2,116 10 0 30,900 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 951 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 ,61 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 641 5 31 6 7 3 3 1 6 9 11 1 21 1 71 1 6 9 4 1 6 0 6 4 90,1 nioC 1 0 0 1 2 7 0 0 0 0 0 3 4 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 09,03 0 0 09,03 )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 619,81 4 04,3 5 97,5 6 85 7 67,6 5 62,12 1 19,21 7 12,11 2 99,01 2 17,7 2 19,67 1 82,11 9 57,781 slliB —thgirtuo thguoB 479,62 4 58,4 4 62,8 5 38 0 56,9 3 23,03 0 14,81 4 99,51 4 76,51 7 99,01 2 76,901 6 80,61 3 37,762 )3( setoN 205,01 0 98,1 7 12,3 5 23 7 57,3 6 08,11 8 61,7 7 22,6 3 01,6 1 82,4 0 07,24 3 62,6 8 32,401 )4( sdnoB 293,65 7 41,01 6 72,71 6 47,1 4 71,02 4 93,36 9 84,83 9 34,33 9 67,23 0 99,22 4 82,922 0 36,33 0 37,955 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 293,65 7 41,01 6 72,71 6 47,1 4 71,02 4 93,36 9 84,83 9 34,33 9 67,23 0 99,22 4 82,922 0 36,33 0 37,955 seitiruces .tvog .S.U latoT 393,65 7 41,01 7 72,71 7 47,1 7 71,02 2 04,36 0 94,83 9 34,33 0 77,23 1 99,22 8 81,062 3 36,33 4 56,095 seitiruces dna snaol latoT 537,2 6 04 9 75 8 37 8 05 1 09 2 08 8 47 2 63 1 74 8 71,1 8 05 6 39,9 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 6 01 1 82 2 31 1 51 9 4 7 71 1 9 2 15,1 sesimerp knaB 565,3 5 97 8 79 6 56 0 89 2 34,3 9 73,2 5 08,4 4 31,2 3 23,1 3 02,31 3 78,1 3 21,63 )6( stessa rehtO 341,21- 4 12,2 + 9 12,1 - 8 39,11+ 4 + 5 01,3 + 6 48,3 + 4 68,11+ 6 16,2 - 7 45,2 - 7 05,11- 9 39,2 - 0 tnuocca tnemelttes tcirtsidretnI 832,25 0 14,41 2 21,81 7 04,51 9 81,22 5 03,27 5 59,64 8 40,25 5 05,33 3 78,22 5 26,862 8 88,33 4 65,256 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 165 $ 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 093 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 533,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 089,71 $ 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 ,61 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 250,64 8 18,21 9 54,61 3 88,31 7 59,02 4 51,76 3 95,34 9 93,44 6 90,03 6 87,02 3 51,352 7 71,13 8 25,006 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 567,1 9 17 7 56 5 64 1 15 0 64,2 3 22,1 5 80,3 4 25,1 7 19 1 94,3 2 50,1 9 68,71 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 9 17,6 0 9 17,6 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 4 6 2 8 8 stnuocca laiciffo—ngieroF 1 1 3 0 0 1 1 0 9 2 0 7 31 2 8 32 rehtO 077,1 1 27 1 66 6 64 2 15 4 64,2 5 22,1 2 81,3 7 25,1 9 19 2 14,01 6 50,1 5 19,42 stisoped latoT 665,2 1 54 0 15 7 06 6 92 7 97 0 39 1 37 5 73 9 95 7 41,1 8 46 7 56,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 322 4 8 7 9 1 6 6 01 5 52 7 91 2 02 2 31 9 01 8 47 2 41 3 53,2 )2( sdnedivid 116,05 4 70,41 6 27,71 7 10,51 1 78,12 0 76,07 5 49,54 4 15,84 0 31,23 3 14,22 0 64,562 3 20,33 3 54,736 SEITILIBAIL LATOT STNUOCCA LATIPAC 787 4 61 1 91 7 03 9 41 0 97 9 44 8 57,1 1 86 0 22 4 05,1 9 14 9 14,7 ni diap latipaC 697 4 61 1 91 4 8 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 7 72,7 sulpruS 44 8 3 1 0 9 1 2 5 7 2 8 1 9 2 9 1 7 51 8 2 4 14 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 832,25 0 14,41 2 21,81 7 04,51 9 81,22 5 03,27 5 59,64 8 40,25 5 05,33 3 78,22 5 26,862 8 88,33 4 65,256 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 396,86 7 07,23 9 20,12 0 52,61 1 10,42 6 84,47 9 66,36 7 02,55 4 69,43 5 31,82 2 59,592 2 78,53 3 79,057 gnidnatstuo seton .R.F 146,22 8 88,91 9 65,4 7 63,2 4 50,3 2 33,7 6 70,02 8 08,01 8 68,4 0 53,7 8 97,24 4 96,4 5 44,051 sknaB .R.F yb dleH—sseL 250,64 8 18,21 9 54,61 3 88,31 7 59,02 4 51,76 3 95,34 9 93,44 6 90,03 6 87,02 3 51,352 7 71,13 8 25,006 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 382,785 )3( seitiruces ycnega dna .tvog .S.U 825,006 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