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 31, 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 30, 2002 Jan 23, 2002 Jan 31, 2001 Jan 30, 2002 Reserve Bank Credit 627,628 - 4,289 + 53,922 635,310 U.S. government securities (1) Bought outright-system account (2,3) 561,041 + 3,112 + 44,242 562,933 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) 28,464 - 7,465 + 9,478 32,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 11 - 10 - 1 12 Seasonal credit 19 + 2 - 12 14 Extended credit 0 0 0 0 Float -22 - 120 - 697 1,705 Other F.R. assets 38,105 + 192 + 1,033 38,387 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,251 + 14 + 1,363 33,251 Total factors supplying reserve funds 674,124 - 4,275 + 55,284 681,806 Currency in circulation* 630,280 - 1,685 + 51,793 631,321 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 422 + 5 - 33 415 Deposits, other than reserve balances, with F.R. Banks Treasury 9,170 + 2,071 + 267 13,340 Foreign 263 + 128 + 153 434 Service-related balances and adjustments (5) 8,927 - 285 + 2,349 8,927 Other 237 + 14 - 40 228 Other F.R. liabilities and capital 17,501 - 93 - 697 17,427 Total factors, other than reserve balances, absorbing reserve funds 666,800 + 155 + 53,792 672,092 Reserve balances with F.R. Banks (6) 7,324 - 4,431 + 1,492 9,714 On January 30, 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 $ 726,813 million, a change of $ + 3,333 million for the week. The total includes $ 593,945 million of U.S. government securities and $ 132,868 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 $ 18,794 million (daily average over statement week) and $ 18,136 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,794 million (daily average) and $ 18,136 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,981 million (daily average) and $ 1,359 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 $ 943 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 $ 8,647 million and adjustments of $ 279 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 30, 2002 Jan 23, 2002 Jan 31, 2001 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 0 Coin 1,151 + 31 + 85 Loans 25 - 37 - 10 Acceptances 0 0 0 Repurchase agreements — triparty (1) 32,250 - 24,250 + 13,330 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 189,897 + 2,743 + 6,948 Notes (3) 268,568 - 3 + 28,843 Bonds (4) 104,468 - 2 + 11,123 Total bought outright (5) 562,933 + 2,738 + 46,915 Held under repurchase agreements 0 0 0 Total U.S. government securities 562,933 + 2,738 + 46,915 Total loans and securities 595,219 - 21,547 + 60,116 Items in process of collection (1,018) 9,685 - 5,048 - 338 Bank premises 1,509 - 4 + 42 Other assets (6) 36,860 + 343 + 1,693 TOTAL ASSETS (1,018) 657,669 - 26,225 + 61,597 LIABILITIES Federal Reserve notes 599,636 - 1,015 + 50,200 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 18,592 - 25,864 + 3,172 U.S. Treasury—general account 13,340 + 3,490 + 8,084 Foreign—official accounts 434 + 150 + 235 Other (0) 228 + 8 - 78 Total deposits (0) 32,594 - 22,217 + 11,412 Deferred availability cash items (1,018) 8,012 - 3,018 + 206 Other liabilities and accrued dividends (7) 2,322 + 13 - 1,638 TOTAL LIABILITIES (1,018) 642,563 - 26,238 + 60,179 CAPITAL ACCOUNTS Capital paid in 7,433 + 13 + 419 Surplus 7,271 - 1 + 1,006 Other capital accounts 402 + 1 - 7 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 $ 556 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 $ 387 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,136 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,359 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 30, 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 25 24,757 + 610 0 0 27,250 0 16 days to 90 days 1 122,892 + 7,916 0 0 5,000 0 91 days to 1 year 0 126,032 - 5,783 0 0 ——— ——— Over 1 year to 5 years ——— 157,732 - 1 10 0 ——— ——— Over 5 years to 10 years ——— 51,627 - 1 0 0 ——— ——— Over 10 years ——— 79,894 - 2 0 0 ——— ——— Total 25 562,933 + 2,738 10 0 32,250 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 943 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 ,03 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 841 3 41 0 8 5 3 5 6 2 31 9 21 7 71 7 6 3 5 0 6 3 6 1 51,1 nioC 6 2 2 1 1 7 0 4 0 0 1 3 5 2 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 52,23 0 0 52,23 )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 231,91 3 44,3 1 68,5 2 95 5 48,6 7 05,12 8 50,31 5 43,11 8 11,11 0 08,7 8 87,77 9 04,11 7 98,981 slliB —thgirtuo thguoB 850,72 9 68,4 9 82,8 8 38 0 86,9 8 14,03 8 64,81 4 40,61 3 27,51 1 30,11 5 10,011 6 31,61 8 65,862 )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 3 97,24 7 72,6 8 64,401 )4( sdnoB 417,65 5 02,01 5 73,71 6 57,1 0 92,02 7 57,36 9 07,83 0 36,33 7 59,23 2 21,32 6 95,032 2 28,33 3 39,265 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 417,65 5 02,01 5 73,71 6 57,1 0 92,02 7 57,36 9 07,83 0 36,33 7 59,23 2 21,32 6 95,032 2 28,33 3 39,265 seitiruces .tvog .S.U latoT 127,65 7 02,01 7 73,71 7 57,1 1 92,02 5 67,36 0 17,83 5 36,33 7 59,23 2 21,32 1 58,262 6 28,33 9 12,595 seitiruces dna snaol latoT 125,2 9 75 0 86 1 66 4 84 7 68 3 33,1 2 56 9 54 4 78 1 20,1 0 75 3 07,01 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 5 01 0 82 2 31 1 51 9 4 7 71 2 9 9 05,1 sesimerp knaB 245,3 8 37 5 00,1 9 83 4 10,1 6 57,3 4 44,2 6 57,4 4 84,2 4 13,1 4 24,31 3 99,1 0 68,63 )6( stessa rehtO 846,21- 2 65,2 + 1 28,1 - 8 33,21+ 6 33 + 3 08,1 + 8 92,3 + 1 63,11+ 0 73,3 - 2 48,2 - 7 12,7 - 1 08,3 - 0 tnuocca tnemelttes tcirtsidretnI 528,15 3 49,41 3 57,71 5 74,51 8 46,22 9 66,17 2 32,74 0 06,15 1 93,33 8 01,32 0 46,572 2 04,33 7 86,856 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 655 $ 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 783 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 953,1 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 631,81 $ 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 ,03 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 025,54 5 94,31 1 82,61 0 98,31 7 29,02 1 93,66 0 70,44 8 98,44 8 68,92 9 67,02 9 65,252 9 59,03 6 36,995 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 839,1 1 46 0 55 3 95 8 80,1 9 07,2 2 80,1 8 52,2 0 27,1 6 11,1 7 11,4 1 87 2 95,81 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 0 43,31 0 0 43,31 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 0 14 2 4 34 stnuocca laiciffo—ngieroF 0 2 2 0 2 1 0 8 8 1 0 9 21 1 8 22 rehtO 249,1 4 46 3 55 4 95 1 90,1 3 17,2 5 80,1 3 53,2 4 27,1 7 11,1 6 99,71 3 87 4 95,23 stisoped latoT 745,2 3 83 8 24 7 45 4 12 6 86 4 88 7 16 8 82 2 56 8 31,1 5 46 0 30,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 591 8 8 9 9 9 5 9 01 2 52 7 81 3 12 4 31 9 01 7 37 1 41 2 23,2 )2( sdnedivid 402,05 9 06,41 1 63,71 1 90,51 0 43,22 1 40,07 5 22,64 1 80,84 3 10,23 7 46,22 0 44,272 8 25,23 1 85,346 SEITILIBAIL LATOT STNUOCCA LATIPAC 787 5 61 2 91 7 03 9 41 1 97 7 44 9 57,1 1 86 1 22 4 05,1 9 24 3 34,7 ni diap latipaC 697 4 61 1 91 7 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 1 72,7 sulpruS 83 4 9 0 0 1 4 4 6 2 2 3 3 8 1 2 91 7 2 2 04 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 528,15 3 49,41 3 57,71 5 74,51 8 46,22 9 66,17 2 32,74 0 06,15 1 93,33 8 01,32 0 46,572 2 04,33 7 86,856 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 464,86 1 99,23 5 09,02 0 42,61 6 19,32 3 78,37 9 38,36 7 96,55 1 96,43 7 88,72 0 49,592 8 97,53 0 42,057 gnidnatstuo seton .R.F 449,22 6 94,91 4 26,4 0 53,2 9 89,2 3 84,7 9 67,91 9 97,01 3 28,4 7 11,7 1 73,34 9 38,4 4 06,051 sknaB .R.F yb dleH—sseL 025,54 5 94,31 1 82,61 0 98,31 7 29,02 1 93,66 0 70,44 8 98,44 8 68,92 9 67,02 9 65,252 9 59,03 6 36,995 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 193,685 )3( seitiruces ycnega dna .tvog .S.U 636,995 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