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 24, 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 23, 2002 Jan 16, 2002 Jan 24, 2001 Jan 23, 2002 Reserve Bank Credit 631,916 + 2,813 + 54,366 658,289 U.S. government securities (1) Bought outright-system account (2,3) 557,929 - 534 + 40,941 560,195 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) 35,929 + 2,958 + 13,500 56,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 21 + 13 - 58 42 Seasonal credit 17 + 7 - 6 20 Extended credit 0 0 0 0 Float 97 + 178 - 1,075 3,412 Other F.R. assets 37,913 + 190 + 1,183 38,110 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,237 + 14 + 1,396 33,237 Total factors supplying reserve funds 678,398 + 2,827 + 55,762 704,771 Currency in circulation* 631,965 - 779 + 51,384 632,344 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 417 - 15 - 28 423 Deposits, other than reserve balances, with F.R. Banks Treasury 7,099 + 1,387 + 21 9,850 Foreign 135 - 136 + 50 284 Service-related balances and adjustments (5) 9,212 + 324 + 2,264 9,212 Other 223 - 9 - 44 220 Other F.R. liabilities and capital 17,594 - 99 - 654 17,402 Total factors, other than reserve balances, absorbing reserve funds 666,645 + 673 + 52,993 669,736 Reserve balances with F.R. Banks (6) 11,753 + 2,154 + 2,769 35,034 On January 23, 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 $ 723,480 million, a change of $ - 5,886 million for the week. The total includes $ 594,291 million of U.S. government securities and $ 129,189 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 $ 20,782 million (daily average over statement week) and $ 18,744 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,782 million (daily average) and $ 18,744 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,473 million (daily average) and $ 1,667 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 $ 947 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 $ 8,402 million and adjustments of $ 810 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 23, 2002 Jan 16, 2002 Jan 24, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,120 + 26 + 92 Loans 62 + 48 + 34 Acceptances 0 0 0 Repurchase agreements — triparty (1) 56,500 + 25,600 + 23,500 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 187,154 - 605 + 2,644 Notes (3) 268,571 + 838 + 27,985 Bonds (4) 104,470 + 232 + 11,125 Total bought outright (5) 560,195 + 465 + 41,754 Held under repurchase agreements 0 0 0 Total U.S. government securities 560,195 + 465 + 41,754 Total loans and securities 616,766 + 26,112 + 65,168 Items in process of collection (722) 14,733 + 6,076 + 5,918 Bank premises 1,513 + 1 + 50 Other assets (6) 36,517 + 394 + 962 TOTAL ASSETS (722) 683,894 + 32,609 + 72,188 LIABILITIES Federal Reserve notes 600,651 + 123 + 50,940 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 44,456 + 26,587 + 15,778 U.S. Treasury—general account 9,850 + 3,131 + 2,493 Foreign—official accounts 284 + 196 + 215 Other (0) 220 - 18 - 42 Total deposits (0) 54,811 + 29,896 + 18,445 Deferred availability cash items (722) 11,030 + 2,652 + 3,338 Other liabilities and accrued dividends (7) 2,309 - 44 - 1,714 TOTAL LIABILITIES (722) 668,801 + 32,627 + 71,009 CAPITAL ACCOUNTS Capital paid in 7,420 + 1 + 409 Surplus 7,272 - 5 + 974 Other capital accounts 401 - 13 - 204 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 $ 558 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 $ 388 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 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 23, 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 60 24,147 + 1,525 0 0 51,500 0 16 days to 90 days 2 114,976 - 1,911 0 0 5,000 0 91 days to 1 year 0 131,815 - 219 0 0 ——— ——— Over 1 year to 5 years ——— 157,733 + 1,073 10 0 ——— ——— Over 5 years to 10 years ——— 51,628 - 2 0 0 ——— ——— Over 10 years ——— 79,896 - 1 0 0 ——— ——— Total 62 560,195 + 465 10 0 56,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 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 ,32 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 741 0 41 7 7 4 3 3 6 7 21 2 21 2 71 4 6 2 5 1 6 2 6 0 21,1 nioC 4 4 1 1 2 9 3 0 7 0 0 0 4 2 6 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 05,65 0 0 05,65 )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 558,81 3 93,3 7 77,5 4 85 6 47,6 7 91,12 9 68,21 1 81,11 7 59,01 7 86,7 5 66,67 5 42,11 4 51,781 slliB —thgirtuo thguoB 850,72 9 68,4 0 92,8 8 38 0 86,9 8 14,03 8 64,81 5 40,61 3 27,51 1 30,11 6 10,011 6 31,61 1 75,862 )3( setoN 525,01 4 98,1 4 22,3 6 23 5 67,3 2 38,11 4 81,7 1 42,6 6 11,6 1 92,4 4 97,24 7 72,6 0 74,401 )4( sdnoB 834,65 5 51,01 1 92,71 8 47,1 1 91,02 6 44,36 1 25,83 6 64,33 7 97,23 9 00,32 4 74,922 8 56,33 5 91,065 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 834,65 5 51,01 1 92,71 8 47,1 1 91,02 6 44,36 1 25,83 6 64,33 7 97,23 9 00,32 4 74,922 8 56,33 5 91,065 seitiruces .tvog .S.U latoT 444,65 0 61,01 2 92,71 8 47,1 4 91,02 6 84,36 1 25,83 4 74,33 7 97,23 0 10,32 8 79,582 2 66,33 6 67,616 seitiruces dna snaol latoT 413,3 0 40,1 3 59 4 60,1 5 57 0 32,1 8 87,1 2 70,1 4 46 7 23 3 21,2 5 41,1 5 54,51 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 3 4 6 01 1 82 2 31 1 51 9 4 7 71 1 9 3 15,1 sesimerp knaB 206,3 3 08 9 89 3 56 5 99 9 74,3 6 04,2 4 18,4 3 51,2 0 43,1 3 83,31 0 09,1 7 15,63 )6( stessa rehtO 653,11- 9 85,2 + 1 99 - 2 23,21+ 8 91 + 2 21,6 + 7 93,4 + 8 46,11+ 5 51 - 1 37,1 - 1 88,12- 1 61,1 - 0 tnuocca tnemelttes tcirtsidretnI 296,35 3 44,51 1 57,81 9 11,61 3 66,22 0 97,57 2 55,84 0 02,25 6 92,63 3 85,32 7 61,582 1 63,63 6 16,486 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 855 $ 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 883 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 766,1 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 447,81 $ 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 2002 ,32 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 441,64 8 14,31 3 43,61 0 98,31 4 98,02 6 85,66 8 42,44 7 14,44 3 29,92 4 08,02 1 50,352 3 39,03 1 56,006 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 834,2 7 78 6 04,1 2 60,1 7 20,1 7 25,6 2 49,1 5 50,3 0 63,4 5 37,1 4 64,61 4 65,3 6 54,44 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 0 58,9 0 0 58,9 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 2 1 0 62 2 4 82 stnuocca laiciffo—ngieroF 1 1 3 0 1 1 0 5 8 2 0 6 21 1 0 22 rehtO 244,2 9 78 0 14,1 3 60,1 8 20,1 0 35,6 4 49,1 8 41,3 3 63,4 6 37,1 1 07,62 6 65,3 1 18,45 stisoped latoT 192,3 8 27 8 05 8 17 3 23 0 08 9 51,1 1 19 8 94 7 74 0 84,1 8 58 2 57,11 smeti tiderc derrefeD deurcca dna seitilibail rehtO 691 5 8 3 9 2 6 4 01 0 52 7 81 9 02 2 31 0 11 6 37 5 41 9 03,2 )2( sdnedivid 470,25 1 11,51 4 53,81 3 37,51 9 43,22 7 61,47 8 35,74 4 86,84 6 19,43 7 21,32 8 69,182 2 05,53 3 25,966 SEITILIBAIL LATOT STNUOCCA LATIPAC 887 4 61 2 91 7 03 9 41 0 97 7 44 9 57,1 1 86 1 22 4 05,1 9 14 0 24,7 ni diap latipaC 697 4 61 1 91 9 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 2 72,7 sulpruS 53 4 4 1 0 6 1 0 4 2 3 0 4 3 4 1 1 91 1 2 1 04 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 296,35 3 44,51 1 57,81 9 11,61 3 66,22 0 97,57 2 55,84 0 02,25 6 92,63 3 85,32 7 61,582 1 63,63 6 16,486 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 687,86 4 40,33 6 59,02 6 62,61 6 69,32 4 30,47 8 61,46 9 91,55 2 67,43 0 10,82 8 82,592 2 86,53 1 61,057 gnidnatstuo seton .R.F 146,22 6 26,91 3 16,4 6 73,2 2 70,3 8 44,7 0 29,91 3 87,01 9 38,4 6 02,7 7 32,24 9 47,4 0 15,941 sknaB .R.F yb dleH—sseL 441,64 8 14,31 3 43,61 0 98,31 4 98,02 6 85,66 8 42,44 7 14,44 3 29,92 4 08,02 1 50,352 3 39,03 1 56,006 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 604,785 )3( seitiruces ycnega dna .tvog .S.U 156,006 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