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. March 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 Mar 13, 2002 Mar 6, 2002 Mar 14, 2001 Mar 13, 2002 Reserve Bank Credit 634,224 - 2,009 + 59,118 633,320 U.S. government securities (1) Bought outright-system account (2,3) 571,914 + 3,404 + 49,109 572,728 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) 25,043 - 7,349 + 8,330 24,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 10 - 11 0 Seasonal credit 20 + 6 0 22 Extended credit 0 0 0 0 Float 713 + 1,089 + 368 -116 Other F.R. assets 36,521 + 850 + 1,322 36,676 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,335 + 14 + 1,170 33,335 Total factors supplying reserve funds 680,804 - 1,995 + 60,288 679,900 Currency in circulation* 639,381 + 1,066 + 54,311 640,390 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 421 + 6 - 83 430 Deposits, other than reserve balances, with F.R. Banks Treasury 4,801 - 672 - 92 4,997 Foreign 124 0 + 45 316 Service-related balances and adjustments (5) 9,479 + 431 + 2,370 9,479 Other 229 - 19 - 34 205 Other F.R. liabilities and capital 18,596 + 589 + 253 18,114 Total factors, other than reserve balances, absorbing reserve funds 673,031 + 1,402 + 56,770 673,930 Reserve balances with F.R. Banks (6) 7,773 - 3,397 + 3,517 5,969 On March 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 $ 745,301 million, a change of $ - 1,735 million for the week. The total includes $ 604,387 million of U.S. government securities and $ 140,914 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 $ 18,288 million (daily average over statement week) and $ 18,543 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,288 million (daily average) and $ 18,543 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,132 million (daily average) and $ 250 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 $ 937 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 $ 8,930 million and adjustments of $ 549 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 Mar 13, 2002 Mar 6, 2002 Mar 14, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,094 - 17 - 32 Loans 22 - 6 - 90 Acceptances 0 0 0 Repurchase agreements — triparty (1) 24,000 - 11,249 + 6,505 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 191,062 + 91 + 6,535 Notes (3) 277,510 + 2,529 + 34,462 Bonds (4) 104,156 + 18 + 8,324 Total bought outright (5) 572,728 + 2,637 + 49,321 Held under repurchase agreements 0 0 0 Total U.S. government securities 572,728 + 2,637 + 49,321 Total loans and securities 596,761 - 8,617 + 55,737 Items in process of collection (1,110) 7,506 - 1,120 - 17 Bank premises 1,510 + 1 + 33 Other assets (6) 35,167 + 556 + 1,098 TOTAL ASSETS (1,110) 655,281 - 9,199 + 56,817 LIABILITIES Federal Reserve notes 608,578 + 217 + 52,847 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 15,301 - 8,536 + 3,337 U.S. Treasury—general account 4,997 - 413 + 433 Foreign—official accounts 316 + 241 + 243 Other (-3) 205 - 36 - 42 Total deposits (-3) 20,819 - 8,743 + 3,971 Deferred availability cash items (1,112) 7,770 - 535 - 39 Other liabilities and accrued dividends (7) 2,417 + 44 - 1,508 TOTAL LIABILITIES (1,110) 639,584 - 9,017 + 55,271 CAPITAL ACCOUNTS Capital paid in 7,650 + 14 + 627 Surplus 7,274 + 1 + 852 Other capital accounts 772 - 198 + 67 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 $ 536 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 $ 401 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 250 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, March 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 7 17,402 + 549 0 0 18,000 0 16 days to 90 days 16 130,581 + 1,052 0 0 6,000 0 91 days to 1 year 0 133,362 - 54 0 0 ——— ——— Over 1 year to 5 years ——— 158,466 + 1,087 10 0 ——— ——— Over 5 years to 10 years ——— 51,955 + 2 0 0 ——— ——— Over 10 years ——— 80,962 + 2 0 0 ——— ——— Total 22 572,728 + 2,637 10 0 24,000 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 937 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 hcraM 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 241 3 31 1 8 8 3 8 5 2 31 0 01 7 61 3 6 0 6 6 5 5 6 4 90,1 nioC 4 0 3 1 1 0 4 0 0 0 0 0 1 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 0 00,42 0 0 00,42 )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 942,91 4 64,3 7 98,5 6 95 6 88,6 9 36,12 8 31,31 4 14,11 6 81,11 8 48,7 5 62,87 9 74,11 2 60,191 slliB —thgirtuo thguoB 959,72 1 30,5 5 65,8 6 68 2 00,01 0 34,13 2 80,91 9 75,61 7 42,61 8 93,11 7 76,311 3 76,61 0 15,772 )3( setoN 394,01 8 88,1 5 12,3 5 23 4 57,3 6 97,11 2 61,7 2 22,6 8 90,6 8 72,4 6 66,24 8 52,6 6 51,401 )4( sdnoB 107,75 3 83,01 7 76,71 7 87,1 3 46,02 6 68,46 3 83,93 5 12,43 0 35,33 4 25,32 9 06,432 1 14,43 8 27,275 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 107,75 3 83,01 7 76,71 7 87,1 3 46,02 6 68,46 3 83,93 5 12,43 0 35,33 4 25,32 9 06,432 1 14,43 8 27,275 seitiruces .tvog .S.U latoT 607,75 3 83,01 0 86,71 8 97,1 3 46,02 1 78,46 3 83,93 6 12,43 1 35,33 5 25,32 3 16,852 2 14,43 1 67,695 seitiruces dna snaol latoT 354,2 2 36 9 94 3 57 3 83 5 16 7 86 7 55 4 03 1 54 0 08 2 84 6 16,8 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 7 01 0 82 1 31 1 51 9 4 8 71 2 9 0 15,1 sesimerp knaB 673,3 1 17 9 49 8 83 3 49 5 55,3 6 23,2 3 17,4 6 93,2 8 42,1 9 76,21 2 88,1 7 61,53 )6( stessa rehtO 130,31- 6 06,8 + 0 28 - 7 02,21+ 6 42 - 9 93,1 + 0 57,2 + 5 21,31+ 6 11,4 - 8 99,2 - 9 43,21- 7 25,4 - 0 tnuocca tnemelttes tcirtsidretnI 881,25 6 71,12 1 28,81 0 84,51 8 32,22 8 19,17 3 65,64 7 97,35 0 79,23 1 78,22 1 03,562 7 60,33 1 93,656 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 635 $ 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 104 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 298,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 052 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 345,81 $ 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 ,31 hcraM 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 972,64 5 18,91 6 92,71 0 79,31 3 90,12 3 36,76 9 74,34 2 06,64 2 21,03 8 07,02 2 09,052 9 76,03 8 75,806 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 035,1 1 65 5 85 8 84 5 74 4 47,1 8 39 6 76,2 9 19 9 70,1 8 85,3 9 17 1 03,51 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 7 99,4 0 7 99,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 2 92 2 6 13 stnuocca laiciffo—ngieroF 1 2 7 0 3 1 0 5 4 1 0 4 31 8 2 02 rehtO 435,1 3 65 2 95 9 84 8 74 9 47,1 0 49 8 27,2 3 29 0 80,1 1 10,9 9 27 6 18,02 stisoped latoT 794,2 6 63 1 34 1 75 3 42 3 26 5 29 5 66 8 73 7 05 7 50,1 9 16 3 88,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 212 1 9 9 9 3 6 7 01 4 52 2 02 9 12 6 41 2 11 3 67 0 51 7 14,2 )2( sdnedivid 225,05 5 38,02 8 14,81 3 90,51 0 29,12 9 52,07 7 45,54 5 12,05 0 75,13 7 04,22 2 37,162 6 71,23 4 96,046 SEITILIBAIL LATOT STNUOCCA LATIPAC 508 6 61 4 91 6 03 0 51 0 08 7 44 5 77,1 3 86 1 22 3 76,1 9 24 0 56,7 ni diap latipaC 697 4 61 1 91 1 8 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 4 72,7 sulpruS 56 1 1 9 1 0 9 1 6 6 4 3 0 5 3 5 2 2 1 93 2 4 2 77 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 881,25 6 71,12 1 28,81 0 84,51 8 32,22 8 19,17 3 65,64 7 97,35 0 79,23 1 78,22 1 03,562 7 60,33 1 93,656 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 646,76 8 28,33 1 95,12 7 11,61 2 91,42 2 47,47 0 68,26 7 33,65 0 93,43 9 28,72 3 43,592 8 94,53 3 73,057 gnidnatstuo seton .R.F 663,12 3 10,41 5 92,4 7 41,2 0 01,3 9 01,7 1 83,91 5 37,9 9 62,4 1 21,7 1 44,44 9 18,4 5 97,141 sknaB .R.F yb dleH—sseL 972,64 5 18,91 6 92,71 0 79,31 3 90,12 3 36,76 9 74,34 2 06,64 2 21,03 8 07,02 2 09,052 9 76,03 8 75,806 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 433,595 )3( seitiruces ycnega dna .tvog .S.U 875,806 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