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. February 14, 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 Feb 13, 2002 Feb 6, 2002 Feb 14, 2001 Feb 13, 2002 Reserve Bank Credit 627,844 - 1,921 + 55,218 628,279 U.S. government securities (1) Bought outright-system account (2,3) 562,646 + 520 + 46,737 564,317 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 100 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 26,464 - 2,143 + 8,707 25,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 31 + 25 + 7 2 Seasonal credit 24 + 8 + 1 19 Extended credit 0 0 0 0 Float 37 - 978 - 1,506 -468 Other F.R. assets 38,631 + 646 + 1,371 38,899 Gold stock 11,044 - 1 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,279 + 14 + 1,274 33,279 Total factors supplying reserve funds 674,368 - 1,906 + 56,491 674,803 Currency in circulation* 634,806 + 3,169 + 52,921 637,197 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 408 - 6 - 77 407 Deposits, other than reserve balances, with F.R. Banks Treasury 4,976 - 1,220 - 47 4,108 Foreign 314 + 124 + 235 356 Service-related balances and adjustments (5) 9,380 + 361 + 2,847 9,380 Other 222 - 40 - 101 212 Other F.R. liabilities and capital 17,715 + 176 - 517 17,602 Total factors, other than reserve balances, absorbing reserve funds 667,820 + 2,562 + 55,259 669,261 Reserve balances with F.R. Banks (6) 6,548 - 4,469 + 1,231 5,542 On February 13, 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 $ 731,402 million, a change of $ + 1,013 million for the week. The total includes $ 599,518 million of U.S. government securities and $ 131,883 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 $ 20,113 million (daily average over statement week) and $ 19,410 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 20,113 million (daily average) and $ 19,410 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,655 million (daily average) and $ 1,609 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 $ 923 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 $ 8,818 million and adjustments of $ 562 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 Feb 13, 2002 Feb 6, 2002 Feb 14, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,169 + 7 + 49 Loans 21 - 9 - 14 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,500 - 4,000 + 7,990 Federal agency obligations (2) Bought outright 10 0 - 100 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 189,130 - 655 + 9,412 Notes (3) 270,629 + 1,457 + 29,689 Bonds (4) 104,558 - 5 + 10,654 Total bought outright (5) 564,317 + 797 + 49,756 Held under repurchase agreements 0 0 0 Total U.S. government securities 564,317 + 797 + 49,756 Total loans and securities 589,848 - 3,213 + 57,632 Items in process of collection (1,121) 7,034 - 2,550 - 6,463 Bank premises 1,511 + 1 + 42 Other assets (6) 37,360 + 548 + 1,189 TOTAL ASSETS (1,121) 650,167 - 5,207 + 52,448 LIABILITIES Federal Reserve notes 605,493 + 3,055 + 52,342 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 15,004 - 5,753 + 3,079 U.S. Treasury—general account 4,108 - 1,268 - 2,605 Foreign—official accounts 356 - 238 + 284 Other (2) 212 - 41 - 74 Total deposits (2) 19,680 - 7,299 + 684 Deferred availability cash items (1,119) 7,392 - 1,104 - 259 Other liabilities and accrued dividends (7) 2,338 + 38 - 1,642 TOTAL LIABILITIES (1,121) 634,903 - 5,311 + 51,125 CAPITAL ACCOUNTS Capital paid in 7,442 + 5 + 430 Surplus 7,270 + 1 + 937 Other capital accounts 552 + 98 - 43 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 $ 545 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 $ 378 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,609 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, February 13, 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 16 31,101 + 9,571 0 0 19,500 0 16 days to 90 days 4 112,412 - 8,119 0 0 6,000 0 91 days to 1 year 0 130,946 - 644 0 0 ——— ——— Over 1 year to 5 years ——— 158,020 - 1 10 0 ——— ——— Over 5 years to 10 years ——— 51,954 - 4 0 0 ——— ——— Over 10 years ——— 79,885 - 5 0 0 ——— ——— Total 21 564,317 + 797 10 0 25,500 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 923 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 ,31 yraurbeF 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 0 54,4 6 45 4 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 941 4 41 3 8 6 3 5 6 0 41 3 21 6 71 7 6 6 5 0 6 9 6 9 61,1 nioC 6 1 6 6 0 0 0 0 0 0 0 3 1 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 05,52 0 0 05,52 )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 450,91 9 24,3 8 38,5 0 95 7 18,6 1 24,12 5 00,31 9 92,11 3 70,11 8 67,7 4 74,77 3 63,11 0 31,981 slliB —thgirtuo thguoB 562,72 6 09,4 3 53,8 4 48 4 57,9 1 56,03 9 06,81 7 61,61 4 48,51 6 11,11 9 58,011 0 62,61 9 26,072 )3( setoN 435,01 5 98,1 7 22,3 6 23 9 67,3 2 48,11 0 91,7 6 42,6 1 21,6 5 92,4 0 38,24 2 82,6 8 55,401 )4( sdnoB 458,65 0 32,01 8 14,71 1 67,1 0 43,02 3 19,36 4 08,83 3 17,33 8 30,33 9 71,32 3 61,132 5 09,33 7 13,465 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 458,65 0 32,01 8 14,71 1 67,1 0 43,02 3 19,36 4 08,83 3 17,33 8 30,33 9 71,32 3 61,132 5 09,33 7 13,465 seitiruces .tvog .S.U latoT 068,65 1 32,01 4 24,71 6 67,1 0 43,02 5 19,36 5 08,83 3 17,33 8 30,33 9 71,32 7 66,652 9 09,33 8 48,985 seitiruces dna snaol latoT 003,2 9 42 1 15 0 25 6 84 4 55 4 47 4 84 2 53 2 15 9 39 3 05 6 51,8 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 3 4 6 01 0 82 2 31 1 51 9 4 7 71 2 9 1 15,1 sesimerp knaB 395,3 8 47 1 20,1 6 93 0 30,1 8 08,3 8 74,2 0 08,4 5 15,2 4 33,1 7 16,31 0 20,2 0 63,73 )6( stessa rehtO 179,21- 7 98,5 + 3 50,1 - 4 32,21+ 3 92 - 3 48,2 + 7 43,4 + 4 41,21+ 5 87,3 - 6 08,2 - 2 66,21- 4 98,3 - 0 tnuocca tnemelttes tcirtsidretnI 474,15 0 89,71 8 14,81 8 42,51 6 80,22 4 06,27 6 18,74 7 33,25 1 89,23 2 68,22 3 21,462 0 63,33 8 82,156 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 545 $ 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 873 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 906,1 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 014,91 $ 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 ,31 yraurbeF 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 317,54 4 04,61 1 89,61 8 68,31 0 30,12 3 53,76 0 96,44 4 06,64 5 70,03 3 87,02 7 80,152 4 09,03 3 94,506 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 355,1 6 27 2 35 1 14 1 93 5 57,2 5 80,1 4 92,1 7 20,1 1 49 4 65,3 6 27 4 00,51 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 8 01,4 0 8 01,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 2 33 2 6 53 stnuocca laiciffo—ngieroF 1 3 2 0 1 4 0 4 6 2 0 5 31 2 4 12 rehtO 755,1 9 27 4 35 2 14 2 93 2 67,2 8 80,1 6 63,1 2 30,1 2 49 8 31,8 0 37 2 86,91 stisoped latoT 663,2 2 24 4 04 1 25 1 42 6 95 9 28 6 95 4 43 3 65 7 39 2 96 1 15,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 602 5 8 8 9 3 6 5 01 0 52 5 91 9 02 6 31 0 11 6 37 5 41 8 33,2 )2( sdnedivid 248,94 0 46,71 7 10,81 4 68,41 9 67,12 1 69,07 2 08,64 5 77,84 7 85,13 9 93,22 8 98,062 1 74,23 4 20,636 SEITILIBAIL LATOT STNUOCCA LATIPAC 197 6 61 3 91 8 03 0 51 2 97 7 44 2 67,1 1 86 1 22 4 05,1 9 24 2 44,7 ni diap latipaC 697 4 61 1 91 6 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 0 72,7 sulpruS 64 0 1 7 1 0 8 1 8 5 2 3 4 4 9 4 1 2 6 12 1 4 2 55 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 474,15 0 89,71 8 14,81 8 42,51 6 80,22 4 06,27 6 18,74 7 33,25 1 89,23 2 68,22 3 21,462 0 63,33 8 82,156 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 919,76 2 43,33 5 74,12 9 12,61 8 97,32 6 83,47 4 32,36 0 55,65 9 85,43 9 86,72 6 64,592 0 47,53 7 04,057 gnidnatstuo seton .R.F 602,22 8 39,61 4 94,4 0 53,2 8 67,2 3 30,7 4 45,81 6 49,9 3 15,4 6 09,6 9 73,44 6 38,4 3 19,441 sknaB .R.F yb dleH—sseL 317,54 4 04,61 1 89,61 8 68,31 0 30,12 3 53,76 0 96,44 4 06,64 5 70,03 3 87,02 7 80,152 4 09,03 3 94,506 ten ,seton .R.F seton .R.F tsniaga dleh laretalloC 440,11 tnuocca etacifitrec dloG sthgir gniward laicepS 002,2 tnuocca etacifitrec 224,2 stessa elbigile rehtO 728,985 )3( seitiruces ycnega dna .tvog .S.U 394,506 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