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 28, 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 27, 2002 Feb 20, 2002 Feb 28, 2001 Feb 27, 2002 Reserve Bank Credit 631,999 - 4,446 + 56,908 635,345 U.S. government securities (1) Bought outright-system account (2,3) 567,332 + 1,448 + 46,593 568,702 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 0 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements — triparty (4) 28,856 - 5,894 + 11,171 31,999 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 + 3 - 67 10 Seasonal credit 12 - 4 - 5 12 Extended credit 0 0 0 0 Float 34 + 84 - 1,768 -1,340 Other F.R. assets 35,751 - 82 + 985 35,953 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,307 + 14 + 1,220 33,307 Total factors supplying reserve funds 678,550 - 4,433 + 58,127 681,897 Currency in circulation* 637,614 - 1,009 + 53,562 638,672 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 410 + 3 - 79 414 Deposits, other than reserve balances, with F.R. Banks Treasury 4,696 - 196 - 172 4,908 Foreign 127 - 9 + 27 79 Service-related balances and adjustments (5) 9,063 - 384 + 2,440 9,062 Other 218 - 1 - 72 212 Other F.R. liabilities and capital 17,887 + 96 - 359 17,654 Total factors, other than reserve balances, absorbing reserve funds 670,015 - 1,501 + 55,347 671,001 Reserve balances with F.R. Banks (6) 8,535 - 2,932 + 2,780 10,896 On February 27, 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 $ 733,379 million, a change of $ - 3,658 million for the week. The total includes $ 600,755 million of U.S. government securities and $ 132,623 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 $ 19,200 million (daily average over statement week) and $ 18,766 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,200 million (daily average) and $ 18,766 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,484 million (daily average) and $ 2,103 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 930 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 $ 8,873 million and adjustments of $ 190 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 27, 2002 Feb 20, 2002 Feb 28, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,125 - 24 + 10 Loans 22 + 7 + 4 Acceptances 0 0 0 Repurchase agreements — triparty (1) 31,999 - 3,750 + 8,334 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 190,295 + 663 + 7,297 Notes (3) 274,269 + 604 + 32,477 Bonds (4) 104,138 + 614 + 9,311 Total bought outright (5) 568,702 + 1,880 + 49,084 Held under repurchase agreements 0 0 0 Total U.S. government securities 568,702 + 1,880 + 49,084 Total loans and securities 600,733 - 1,863 + 57,422 Items in process of collection (1,105) 7,037 - 6,950 - 1,982 Bank premises 1,509 - 2 + 33 Other assets (6) 34,455 + 458 + 1,536 TOTAL ASSETS (1,105) 658,103 - 8,382 + 57,017 LIABILITIES Federal Reserve notes 606,904 - 938 + 52,242 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 20,815 - 3,773 + 5,676 U.S. Treasury—general account 4,908 - 38 - 48 Foreign—official accounts 79 - 2 - 117 Other (0) 212 - 29 - 165 Total deposits (0) 26,014 - 3,842 + 5,347 Deferred availability cash items (1,105) 7,531 - 3,756 - 384 Other liabilities and accrued dividends (7) 2,361 + 25 - 1,570 TOTAL LIABILITIES (1,105) 642,810 - 8,509 + 55,635 CAPITAL ACCOUNTS Capital paid in 7,635 + 195 + 612 Surplus 7,266 - 3 + 911 Other capital accounts 392 - 65 - 142 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 $ 532 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,103 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 27, 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 22 28,483 - 970 0 0 26,999 0 16 days to 90 days 0 117,816 + 1,889 0 0 5,000 0 91 days to 1 year 0 132,889 - 257 0 0 ——— ——— Over 1 year to 5 years ——— 157,109 + 725 10 0 ——— ——— Over 5 years to 10 years ——— 51,446 - 4 0 0 ——— ——— Over 10 years ——— 80,959 + 497 0 0 ——— ——— Total 22 568,702 + 1,880 10 0 31,999 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 930 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 ,72 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 641 9 31 3 8 7 3 0 6 6 31 9 01 9 61 4 6 8 5 8 5 6 6 5 21,1 nioC 41 0 5 3 0 0 0 0 0 0 0 0 2 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 9 99,13 0 9 99,13 )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 271,91 0 54,3 4 78,5 4 95 9 58,6 2 55,12 5 80,31 8 63,11 1 41,11 6 18,7 1 59,77 3 34,11 5 92,091 slliB —thgirtuo thguoB 236,72 2 79,4 5 64,8 6 58 6 88,9 3 60,13 0 68,81 5 83,61 7 50,61 5 62,11 0 53,211 9 74,61 9 62,472 )3( setoN 294,01 8 88,1 4 12,3 5 23 3 57,3 4 97,11 1 61,7 1 22,6 7 90,6 7 72,4 8 56,24 7 52,6 8 31,401 )4( sdnoB 592,75 0 13,01 3 55,71 4 77,1 8 94,02 0 14,46 6 01,93 4 79,33 5 92,33 9 53,32 9 59,232 9 61,43 2 07,865 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 592,75 0 13,01 3 55,71 4 77,1 8 94,02 0 14,46 6 01,93 4 79,33 5 92,33 9 53,32 9 59,232 9 61,43 2 07,865 seitiruces .tvog .S.U latoT 013,75 0 13,01 8 55,71 8 77,1 8 94,02 1 14,46 6 01,93 5 79,33 5 92,33 9 53,32 2 69,462 9 61,43 3 37,006 seitiruces dna snaol latoT 332,2 8 23 0 45 9 15 7 82 5 56 9 30,1 6 35 1 53 4 84 2 07 8 64 2 41,8 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 6 01 0 82 1 31 1 51 9 4 7 71 1 9 9 05,1 sesimerp knaB 703,3 4 96 1 39 1 83 0 39 1 84,3 7 72,2 6 06,4 2 43,2 0 81,1 0 84,21 7 48,1 5 54,43 )6( stessa rehtO 434,21- 3 58,7 + 1 97 - 1 35,21+ 6 43 - 8 79,3 + 5 84,3 + 4 72,51+ 6 71,3 - 6 65,2 - 9 78,91- 0 39,3 - 0 tnuocca tnemelttes tcirtsidretnI 401,25 5 30,02 4 57,81 1 45,51 6 88,12 8 00,47 4 33,74 9 75,55 9 66,33 2 01,32 4 28,362 2 73,33 8 02,956 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 235 $ 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 893 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 298,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 301,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 667,81 $ 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 ,72 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 951,64 4 55,81 4 42,71 0 09,31 2 48,02 4 15,76 7 61,44 5 17,64 8 50,03 9 08,02 0 21,052 1 28,03 4 09,606 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 017,1 2 46 8 95 3 07 1 83 5 99,3 3 99 6 83,4 1 57,1 8 61,1 5 55,3 2 39 5 18,02 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 8 09,4 0 8 09,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 5 5 2 9 7 stnuocca laiciffo—ngieroF 3 1 3 0 2 1 0 1 6 2 2 5 31 3 2 12 rehtO 517,1 4 46 2 06 4 07 3 83 9 99,3 6 99 5 54,4 6 57,1 1 71,1 3 56,8 6 39 4 10,62 stisoped latoT 783,2 1 14 5 14 7 94 2 42 2 16 9 69 1 76 5 33 9 55 6 49 2 95 6 36,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 802 9 8 9 9 1 6 9 01 7 42 7 91 6 12 6 31 9 01 4 47 6 41 1 63,2 )2( sdnedivid 964,05 7 96,91 0 63,81 2 61,51 6 75,12 2 73,27 0 33,64 7 50,25 5 82,23 7 46,22 4 64,062 5 94,23 5 19,346 SEITILIBAIL LATOT STNUOCCA LATIPAC 508 6 61 3 91 6 03 0 51 8 97 7 44 2 67,1 3 86 8 12 6 76,1 9 24 5 36,7 ni diap latipaC 697 4 61 1 91 3 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 6 62,7 sulpruS 43 8 0 1 0 0 1 4 4 3 2 3 6 3 6 1 0 81 9 2 2 93 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 401,25 5 30,02 4 57,81 1 45,51 6 88,12 8 00,47 4 33,74 9 75,55 9 66,33 2 01,32 4 28,362 2 73,33 8 02,956 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 911,86 0 69,33 1 96,12 6 41,61 3 08,32 8 85,47 3 34,36 2 25,65 0 24,43 8 28,72 3 38,492 9 55,53 1 09,057 gnidnatstuo seton .R.F 069,12 6 04,51 8 44,4 6 42,2 1 69,2 3 70,7 6 62,91 7 08,9 2 63,4 9 10,7 2 17,44 8 37,4 7 99,341 sknaB .R.F yb dleH—sseL 951,64 4 55,81 4 42,71 0 09,31 2 48,02 4 15,76 7 61,44 5 17,64 8 50,03 9 08,02 0 21,052 1 28,03 4 09,606 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 956,395 )3( seitiruces ycnega dna .tvog .S.U 409,606 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