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 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 Mar 20, 2002 Mar 13, 2002 Mar 21, 2001 Mar 20, 2002 Reserve Bank Credit 637,254 + 3,029 + 56,002 640,547 U.S. government securities (1) Bought outright-system account (2,3) 574,098 + 2,184 + 51,745 573,844 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) 26,614 + 1,571 + 3,790 28,550 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 + 3 - 14 3 Seasonal credit 20 0 - 2 22 Extended credit 0 0 0 0 Float -389 - 1,102 - 688 1,079 Other F.R. assets 36,895 + 373 + 1,171 37,039 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,349 + 14 + 1,149 33,349 Total factors supplying reserve funds 683,847 + 3,043 + 57,149 687,140 Currency in circulation* 639,781 + 400 + 54,439 640,972 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 429 + 8 - 66 424 Deposits, other than reserve balances, with F.R. Banks Treasury 6,511 + 1,710 - 198 5,600 Foreign 95 - 29 + 12 74 Service-related balances and adjustments (5) 9,233 - 246 + 2,297 9,233 Other 207 - 22 - 30 219 Other F.R. liabilities and capital 18,276 - 320 - 42 17,949 Total factors, other than reserve balances, absorbing reserve funds 674,534 + 1,503 + 56,414 674,472 Reserve balances with F.R. Banks (6) 9,314 + 1,541 + 736 12,668 On March 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 $ 742,576 million, a change of $ - 2,725 million for the week. The total includes $ 602,672 million of U.S. government securities and $ 139,904 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 $ 18,045 million (daily average over statement week) and $ 18,437 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,045 million (daily average) and $ 18,437 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,406 million (daily average) and $ 2,093 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 $ 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 $ 8,935 million and adjustments of $ 299 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 20, 2002 Mar 13, 2002 Mar 21, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,085 - 9 - 61 Loans 24 + 2 - 3 Acceptances 0 0 0 Repurchase agreements — triparty (1) 28,550 + 4,550 - 10,000 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 191,443 + 381 + 7,032 Notes (3) 278,167 + 657 + 35,111 Bonds (4) 104,235 + 79 + 8,400 Total bought outright (5) 573,844 + 1,116 + 50,542 Held under repurchase agreements 0 0 0 Total U.S. government securities 573,844 + 1,116 + 50,542 Total loans and securities 602,429 + 5,668 + 40,540 Items in process of collection (966) 8,916 + 1,410 + 814 Bank premises 1,511 + 1 + 32 Other assets (6) 35,533 + 366 + 978 TOTAL ASSETS (966) 662,718 + 7,437 + 42,301 LIABILITIES Federal Reserve notes 609,132 + 554 + 53,215 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 22,146 + 6,845 - 11,569 U.S. Treasury—general account 5,600 + 603 + 938 Foreign—official accounts 74 - 242 0 Other (0) 219 + 14 - 22 Total deposits (0) 28,039 + 7,220 - 10,653 Deferred availability cash items (966) 7,597 - 173 - 175 Other liabilities and accrued dividends (7) 2,381 - 36 - 1,462 TOTAL LIABILITIES (966) 647,149 + 7,565 + 40,925 CAPITAL ACCOUNTS Capital paid in 7,646 - 4 + 623 Surplus 7,273 - 1 + 818 Other capital accounts 649 - 123 - 66 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 $ 539 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 $ 404 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,437 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,093 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 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 24 25,007 + 7,605 0 0 22,550 0 16 days to 90 days 0 124,213 - 6,368 0 0 6,000 0 91 days to 1 year 0 132,506 - 856 0 0 ——— ——— Over 1 year to 5 years ——— 159,197 + 731 10 0 ——— ——— Over 5 years to 10 years ——— 51,957 + 2 0 0 ——— ——— Over 10 years ——— 80,965 + 3 0 0 ——— ——— Total 24 573,844 + 1,116 10 0 28,550 0 1 Includes $ 10,658 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 ,02 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 341 3 31 0 8 8 3 7 5 3 31 3 9 2 61 0 6 8 5 0 6 7 6 5 80,1 nioC 3 0 4 0 1 0 6 0 0 0 0 0 1 4 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 55,82 0 0 55,82 )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 782,91 1 74,3 9 09,5 7 95 0 09,6 2 86,12 4 61,31 7 34,11 8 02,11 3 68,7 1 24,87 2 05,11 3 44,191 slliB —thgirtuo thguoB 520,82 3 40,5 6 85,8 8 68 6 20,01 5 05,13 8 21,91 8 16,61 5 82,61 5 24,11 6 49,311 3 17,61 7 61,872 )3( setoN 105,01 0 98,1 7 12,3 5 23 7 57,3 5 08,11 8 61,7 7 22,6 2 01,6 1 82,4 8 96,24 3 62,6 5 32,401 )4( sdnoB 418,75 3 04,01 2 17,71 0 97,1 3 86,02 2 99,46 9 54,93 2 82,43 6 95,33 0 75,32 6 60,532 8 74,43 4 48,375 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 418,75 3 04,01 2 17,71 0 97,1 3 86,02 2 99,46 9 54,93 2 82,43 6 95,33 0 75,32 6 60,532 8 74,43 4 48,375 seitiruces .tvog .S.U latoT 818,75 3 04,01 6 17,71 0 08,1 4 86,02 0 00,56 0 64,93 2 82,43 6 95,33 0 75,32 0 26,362 9 74,43 9 24,206 seitiruces dna snaol latoT 564,2 4 06 0 65 4 76 2 55 6 47 5 46,1 1 15 1 14 8 44 6 77 9 84 1 88,9 noitcelloc fo ssecorp ni smetI 271 7 31 9 4 3 21 3 4 6 01 0 82 1 31 1 51 9 4 8 71 2 9 1 15,1 sesimerp knaB 214,3 5 17 9 59 5 83 9 59 0 95,3 6 43,2 4 27,4 9 04,2 9 52,1 7 68,21 7 09,1 3 35,53 )6( stessa rehtO 799,21- 2 47,9 + 9 48 - 8 74,21+ 9 16 - 1 17,1 + 8 31,2 + 1 66,11+ 4 42,3 - 2 24,3 - 9 33,21- 1 62,4 - 0 tnuocca tnemelttes tcirtsidretnI 283,25 9 03,22 8 98,81 2 76,51 9 80,22 7 25,27 9 99,64 9 53,25 7 20,43 0 05,22 7 84,072 4 34,33 3 86,366 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 935 $ 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 404 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 298,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 390,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 734,81 $ 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 ,02 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 841,64 8 67,02 5 72,71 3 29,31 5 28,02 8 85,76 2 54,34 2 04,64 9 69,92 3 47,02 3 94,152 5 45,03 2 31,906 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 669,1 1 27 4 87 1 47 9 26 7 93,2 1 84,1 1 15,1 2 31,2 4 86 1 78,7 0 32,1 6 41,22 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 0 06,5 0 0 06,5 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 0 5 2 4 7 stnuocca laiciffo—ngieroF 1 1 7 0 5 3 0 3 4 1 0 8 41 1 1 9 12 rehtO 969,1 3 27 1 97 2 47 4 36 3 04,2 3 84,1 1 65,1 6 31,2 5 86 9 66,31 3 42,1 9 30,82 stisoped latoT 604,2 2 93 4 33 6 55 8 02 7 46 9 58 6 26 6 93 0 05 8 20,1 3 16 3 65,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 112 9 8 8 9 4 6 5 01 8 42 8 91 5 12 8 31 0 11 7 57 8 41 1 83,2 )2( sdnedivid 337,05 2 79,12 9 94,81 5 82,51 1 77,12 5 88,07 1 99,54 4 08,84 0 46,23 8 30,22 8 49,662 8 45,23 5 11,846 SEITILIBAIL LATOT STNUOCCA LATIPAC 508 6 61 4 91 6 03 0 51 0 08 7 44 2 77,1 3 86 2 22 1 76,1 9 24 6 46,7 ni diap latipaC 697 4 61 1 91 0 8 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 3 72,7 sulpruS 84 8 5 1 0 9 1 8 4 6 2 6 2 9 3 9 1 4 63 8 3 9 46 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 283,25 9 03,22 8 98,81 2 76,51 9 80,22 7 25,27 9 99,64 9 53,25 7 20,43 0 05,22 7 84,072 4 34,33 3 86,366 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 773,76 7 28,33 4 25,12 8 41,61 0 61,42 2 27,47 4 35,26 9 72,65 5 54,43 7 39,72 8 32,592 5 74,53 6 76,947 gnidnatstuo seton .R.F 032,12 0 60,31 8 42,4 4 22,2 6 33,3 4 31,7 3 80,91 7 78,9 5 84,4 4 91,7 4 47,34 0 39,4 5 45,041 sknaB .R.F yb dleH—sseL 841,64 8 67,02 5 72,71 3 29,31 5 28,02 8 85,76 2 54,34 2 04,64 9 69,92 3 47,02 3 94,152 5 45,03 2 31,906 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 888,595 )3( seitiruces ycnega dna .tvog .S.U 231,906 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