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 21, 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 20, 2002 Feb 13, 2002 Feb 21, 2001 Feb 20, 2002 Reserve Bank Credit 636,464 + 8,620 + 59,333 640,383 U.S. government securities (1) Bought outright-system account (2,3) 565,884 + 3,238 + 46,215 566,822 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 71 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 34,750 + 8,286 + 12,774 35,749 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 2 - 29 - 11 1 Seasonal credit 16 - 8 - 1 14 Extended credit 0 0 0 0 Float -29 - 66 - 984 2,272 Other F.R. assets 35,831 - 2,800 + 1,410 35,515 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,293 + 14 + 1,247 33,293 Total factors supplying reserve funds 683,001 + 8,633 + 60,578 686,921 Currency in circulation* 638,623 + 3,817 + 54,485 639,576 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 407 - 1 - 81 409 Deposits, other than reserve balances, with F.R. Banks Treasury 4,892 - 84 + 56 4,946 Foreign 136 - 178 + 29 81 Service-related balances and adjustments (5) 9,447 + 69 + 2,917 9,447 Other 219 - 3 - 38 241 Other F.R. liabilities and capital 17,791 + 76 - 371 17,501 Total factors, other than reserve balances, absorbing reserve funds 671,516 + 3,698 + 56,996 672,201 Reserve balances with F.R. Banks (6) 11,485 + 4,935 + 3,582 14,720 On February 20, 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 $ 737,037 million, a change of $ + 5,635 million for the week. The total includes $ 607,276 million of U.S. government securities and $ 129,761 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 $ 19,346 million (daily average over statement week) and $ 19,122 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,346 million (daily average) and $ 19,122 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 786 million (daily average) and $ 3,242 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 $ 912 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 $ 8,815 million and adjustments of $ 632 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 20, 2002 Feb 13, 2002 Feb 21, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,149 - 20 + 37 Loans 15 - 6 - 17 Acceptances 0 0 0 Repurchase agreements — triparty (1) 35,749 + 10,249 + 6,984 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 189,632 + 502 + 5,720 Notes (3) 273,665 + 3,036 + 31,228 Bonds (4) 103,524 - 1,034 + 8,754 Total bought outright (5) 566,822 + 2,505 + 45,704 Held under repurchase agreements 0 0 0 Total U.S. government securities 566,822 + 2,505 + 45,704 Total loans and securities 602,596 + 12,748 + 52,671 Items in process of collection (967) 13,987 + 6,953 - 280 Bank premises 1,511 0 + 42 Other assets (6) 33,997 - 3,363 + 757 TOTAL ASSETS (967) 666,485 + 16,318 + 53,226 LIABILITIES Federal Reserve notes 607,842 + 2,349 + 53,204 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 24,588 + 9,584 - 405 U.S. Treasury—general account 4,946 + 838 + 846 Foreign—official accounts 81 - 275 + 4 Other (13) 241 + 29 - 15 Total deposits (13) 29,856 + 10,176 + 429 Deferred availability cash items (954) 11,287 + 3,895 + 28 Other liabilities and accrued dividends (7) 2,336 - 2 - 1,571 TOTAL LIABILITIES (967) 651,319 + 16,416 + 52,088 CAPITAL ACCOUNTS Capital paid in 7,440 - 2 + 426 Surplus 7,269 - 1 + 902 Other capital accounts 457 - 95 - 191 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 $ 538 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 $ 373 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,122 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,242 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 20, 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 15 29,453 - 1,648 0 0 28,749 0 16 days to 90 days 0 115,927 + 3,515 0 0 7,000 0 91 days to 1 year 0 133,146 + 2,200 0 0 ——— ——— Over 1 year to 5 years ——— 156,384 - 1,636 10 0 ——— ——— Over 5 years to 10 years ——— 51,450 - 504 0 0 ——— ——— Over 10 years ——— 80,462 + 577 0 0 ——— ——— Total 15 566,822 + 2,505 10 0 35,749 0 1 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 912 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 ,02 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 741 3 41 3 8 6 3 3 6 8 31 8 11 4 71 6 6 7 5 1 6 5 6 9 41,1 nioC 4 1 5 4 0 0 0 0 0 0 0 1 5 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 9 47,53 0 9 47,53 )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 501,91 8 34,3 3 58,5 2 95 5 38,6 7 74,12 0 40,31 9 23,11 2 01,11 9 87,7 0 86,77 4 93,11 2 36,981 slliB —thgirtuo thguoB 175,72 1 69,4 7 44,8 4 58 4 68,9 5 99,03 8 18,81 9 43,61 2 20,61 1 42,11 2 01,211 2 44,61 5 66,372 )3( setoN 034,01 7 78,1 5 91,3 3 23 1 37,3 5 27,11 9 11,7 5 81,6 1 60,6 2 52,4 7 04,24 0 22,6 4 25,301 )4( sdnoB 601,75 6 72,01 5 94,71 8 67,1 0 34,02 7 91,46 6 79,83 2 68,33 4 81,33 2 82,32 9 81,232 6 50,43 2 28,665 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 601,75 6 72,01 5 94,71 8 67,1 0 34,02 7 91,46 6 79,83 2 68,33 4 81,33 2 82,32 9 81,232 6 50,43 2 28,665 seitiruces .tvog .S.U latoT 111,75 6 72,01 1 05,71 2 77,1 0 34,02 8 91,46 7 79,83 3 68,33 5 81,33 2 82,32 2 49,762 8 50,43 6 95,206 seitiruces dna snaol latoT 602,3 6 67 3 30,1 2 95 5 86 9 44,1 2 77,1 7 30,1 2 28 9 36 5 50,2 8 98 4 59,41 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 3 4 5 01 0 82 2 31 1 51 9 4 8 71 2 9 1 15,1 sesimerp knaB 162,3 3 86 6 19 0 83 0 19 9 24,3 1 42,2 1 95,4 6 13,2 9 51,1 0 92,21 9 18,1 7 99,33 )6( stessa rehtO 703,21- 3 07,6 + 4 46 - 9 44,31+ 6 31 + 6 54,3 + 3 71,4 + 1 81,31+ 0 40,3 - 3 51,3 - 9 89,71- 4 69,3 - 0 tnuocca tnemelttes tcirtsidretnI 959,25 3 82,91 1 23,91 6 25,61 2 86,22 6 10,47 9 95,84 5 68,35 2 41,43 0 75,22 1 68,962 8 26,33 2 54,766 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 835 $ 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 373 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 024,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 242,3 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 221,91 $ 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 ,02 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 169,54 7 04,71 2 93,71 4 98,31 9 40,12 6 17,76 3 05,44 8 29,64 1 01,03 1 59,02 2 69,052 8 79,03 2 48,706 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 869,1 7 57 7 79 0 33,1 1 68 6 15,3 1 37,1 3 90,2 3 38,1 7 25 5 62,8 1 37 8 85,42 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 6 49,4 0 6 49,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 7 5 2 1 8 stnuocca laiciffo—ngieroF 11 2 3 0 5 1 1 0 2 6 2 0 4 51 2 4 52 rehtO 289,1 1 67 1 89 0 33,1 6 78 1 25,3 3 37,1 2 61,2 8 38,1 8 25 2 24,31 4 37 8 68,92 stisoped latoT 781,3 2 96 3 54 5 58 4 33 8 98 2 61,1 5 30,1 3 86 6 25 0 35,1 6 88 1 42,21 smeti tiderc derrefeD deurcca dna seitilibail rehtO 702 5 8 7 9 4 6 5 01 1 52 5 91 4 02 4 31 0 11 0 47 3 41 6 33,2 )2( sdnedivid 733,15 5 49,81 3 29,81 3 41,61 4 63,22 6 83,27 3 95,74 9 23,05 6 57,23 4 11,22 5 56,662 2 47,23 6 82,256 SEITILIBAIL LATOT STNUOCCA LATIPAC 887 6 61 3 91 8 03 0 51 2 97 7 44 2 67,1 3 86 8 12 4 05,1 9 24 0 44,7 ni diap latipaC 697 4 61 1 91 5 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 9 62,7 sulpruS 83 8 5 1 0 9 1 5 4 5 2 7 1 8 3 6 1 8 91 8 3 7 54 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 959,25 3 82,91 1 23,91 6 25,61 2 86,22 6 10,47 9 95,84 5 68,35 2 41,43 0 75,22 1 68,962 8 26,33 2 54,766 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 827,76 0 65,33 8 37,12 3 02,61 8 57,32 1 76,47 5 81,36 2 47,65 1 45,43 4 97,72 8 35,592 4 57,53 1 12,157 gnidnatstuo seton .R.F 767,12 3 51,61 6 43,4 9 03,2 8 07,2 5 59,6 2 86,81 4 18,9 0 44,4 3 48,6 6 75,44 5 77,4 9 63,341 sknaB .R.F yb dleH—sseL 169,54 7 04,71 2 93,71 4 98,31 9 40,12 6 17,76 3 05,44 8 29,64 1 01,03 1 59,02 2 69,052 8 79,03 2 48,706 ten ,seton .R.F seton .R.F tsniaga dleh laretalloC 440,11 tnuocca etacifitrec dloG sthgir gniward laicepS 002,2 tnuocca etacifitrec 0 stessa elbigile rehtO 795,495 )3( seitiruces ycnega dna .tvog .S.U 248,706 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