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. April 4, 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 Apr 3, 2002 Mar 27, 2002 Apr 4, 2001 Apr 3, 2002 Reserve Bank Credit 642,146 + 6,938 + 61,325 643,965 U.S. government securities (1) Bought outright-system account (2,3) 575,760 + 20 + 52,433 577,218 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) 28,786 + 6,572 + 7,302 27,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 300 + 286 + 219 2,083 Seasonal credit 26 + 6 + 8 37 Extended credit 0 0 0 0 Float -283 - 114 - 442 -307 Other F.R. assets 37,547 + 167 + 1,804 37,424 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,199 + 14 + 928 33,199 Total factors supplying reserve funds 688,588 + 6,951 + 62,250 690,408 Currency in circulation* 642,499 + 2,317 + 55,709 644,524 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 410 - 12 - 69 399 Deposits, other than reserve balances, with F.R. Banks Treasury 5,395 + 197 - 276 5,971 Foreign 187 + 101 + 95 123 Service-related balances and adjustments (5) 9,869 - 312 + 3,112 9,869 Other 249 + 44 - 54 297 Other F.R. liabilities and capital 18,312 + 216 + 758 18,447 Total factors, other than reserve balances, absorbing reserve funds 676,921 + 2,550 + 59,274 679,631 Reserve balances with F.R. Banks (6) 11,668 + 4,402 + 2,977 10,777 On April 3, 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 $ 748,794 million, a change of $ + 8,071 million for the week. The total includes $ 609,197 million of U.S. government securities and $ 139,596 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 $ 19,527 million (daily average over statement week) and $ 19,279 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,527 million (daily average) and $ 19,279 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,526 million (daily average) and $ 2,433 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 $ 956 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 $ 9,631 million and adjustments of $ 238 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 Apr 3, 2002 Mar 27, 2002 Apr 4, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,063 - 15 - 91 Loans 2,119 + 2,097 + 1,941 Acceptances 0 0 0 Repurchase agreements — triparty (1) 27,500 + 3,500 + 6,000 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 192,821 - 283 + 8,639 Notes (3) 279,575 + 1,114 + 35,790 Bonds (4) 104,823 + 295 + 8,865 Total bought outright (5) 577,218 + 1,125 + 53,293 Held under repurchase agreements 0 0 0 Total U.S. government securities 577,218 + 1,125 + 53,293 Total loans and securities 606,848 + 6,723 + 61,236 Items in process of collection (1,081) 8,189 + 897 - 1,081 Bank premises 1,511 0 + 23 Other assets (6) 35,696 - 146 + 1,694 TOTAL ASSETS (1,081) 666,551 + 7,459 + 61,779 LIABILITIES Federal Reserve notes 612,787 + 2,248 + 54,808 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 20,763 + 2,664 + 5,800 U.S. Treasury—general account 5,971 + 962 + 830 Foreign—official accounts 123 + 52 - 27 Other (0) 297 + 94 - 79 Total deposits (0) 27,154 + 3,772 + 6,524 Deferred availability cash items (1,081) 8,162 + 903 - 759 Other liabilities and accrued dividends (7) 2,436 - 4 - 1,312 TOTAL LIABILITIES (1,081) 650,540 + 6,921 + 59,261 CAPITAL ACCOUNTS Capital paid in 8,003 + 353 + 972 Surplus 7,272 + 2 + 1,009 Other capital accounts 736 + 184 + 537 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 $ 546 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 $ 410 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,279 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,433 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, April 3, 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 2,087 13,110 - 10,435 0 0 22,500 0 16 days to 90 days 32 135,840 + 9,774 0 0 5,000 0 91 days to 1 year 0 135,458 + 1,681 0 0 ——— ——— Over 1 year to 5 years ——— 159,238 + 40 10 0 ——— ——— Over 5 years to 10 years ——— 52,310 + 61 0 0 ——— ——— Over 10 years ——— 81,262 + 3 0 0 ——— ——— Total 2,119 577,218 + 1,125 10 0 27,500 0 1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 956 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 ,3 lirpA 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 2 31 8 7 8 3 7 5 2 31 6 8 2 51 9 5 8 5 1 6 7 6 3 60,1 nioC 4 0 1 9 5 34 7 41 0 43 0 0 81,1 3 0 1 9 11,2 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 05,72 0 0 05,72 )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 624,91 6 94,3 1 59,5 2 06 0 59,6 8 38,12 9 52,31 9 15,11 9 82,11 0 29,7 6 89,87 5 85,11 1 28,291 slliB —thgirtuo thguoB 761,82 8 60,5 9 26,8 2 78 7 70,01 4 66,13 4 22,91 2 07,61 8 63,61 3 84,11 3 25,411 7 97,61 5 75,972 )3( setoN 165,01 0 09,1 5 32,3 7 23 8 77,3 2 78,11 8 02,7 2 62,6 7 31,6 5 03,4 9 39,24 8 92,6 3 28,401 )4( sdnoB 351,85 4 64,01 6 18,71 1 08,1 5 08,02 5 73,56 1 96,93 3 84,43 3 97,33 9 07,32 8 44,632 1 86,43 8 12,775 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 351,85 4 64,01 6 18,71 1 08,1 5 08,02 5 73,56 1 96,93 3 84,43 3 97,33 9 07,32 8 44,632 1 86,43 8 12,775 seitiruces .tvog .S.U latoT 851,85 4 64,01 7 18,71 0 18,1 0 42,12 3 25,56 2 30,04 4 84,43 4 79,43 2 17,32 2 59,362 2 86,43 8 48,606 seitiruces dna snaol latoT 839,2 6 16 4 05 9 65 8 43 7 56 7 57 2 85 4 35 1 34 5 08 0 35 0 72,9 noitcelloc fo ssecorp ni smetI 171 6 31 9 4 3 21 3 4 7 01 0 82 1 31 2 51 9 4 0 81 2 9 1 15,1 sesimerp knaB 624,3 6 17 4 69 9 83 5 69 0 16,3 8 53,2 0 37,4 8 14,2 6 62,1 0 49,21 5 19,1 6 96,53 )6( stessa rehtO 704,21- 2 36,01+ 3 75 - 9 26,21+ 4 50,1 - 5 34 + 2 72,3 + 9 35,31+ 9 69,5 - 4 38,3 - 0 46,21- 0 30,4 - 0 tnuocca tnemelttes tcirtsidretnI 997,35 1 72,32 1 22,91 2 37,51 3 10,22 3 07,17 2 28,74 5 05,45 9 08,23 8 12,22 2 26,072 7 19,33 2 36,766 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 645 $ 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 014 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 298,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 334,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 972,91 $ 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 ,3 lirpA 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 383,74 9 75,12 0 93,71 7 88,31 9 38,02 7 82,76 8 60,44 7 63,64 7 18,92 6 27,02 6 68,252 9 75,03 7 87,216 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 908,1 9 68 3 09 3 88 7 84 0 78,1 5 45,1 3 91,3 7 79 2 73 8 22,6 8 26,1 3 67,02 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 1 79,5 0 1 79,5 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 9 9 2 3 21 stnuocca laiciffo—ngieroF 1 0 6 0 7 1 1 0 6 21 0 0 2 31 4 1 7 92 rehtO 318,1 0 78 9 09 4 88 4 05 3 78,1 7 45,1 6 23,3 1 89 3 73 0 34,21 4 46,1 4 51,72 stisoped latoT 907,2 3 93 2 24 2 15 6 42 4 36 2 99 7 76 1 74 4 45 8 89 5 56 3 42,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 432 6 8 9 9 4 6 6 01 4 52 8 91 5 22 2 41 1 11 9 67 8 41 6 34,2 )2( sdnedivid 931,25 7 29,22 1 28,81 6 43,51 5 96,12 8 40,07 5 08,64 6 95,05 1 14,13 4 57,12 3 50,762 5 20,33 1 26,156 SEITILIBAIL LATOT STNUOCCA LATIPAC 708 8 61 4 91 7 03 0 51 0 08 8 44 1 11,2 3 86 3 22 2 86,1 0 34 3 00,8 ni diap latipaC 697 4 61 1 91 8 7 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 2 72,7 sulpruS 75 2 1 5 1 0 9 1 2 6 4 3 1 4 0 5 0 2 2 83 4 4 6 37 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 997,35 1 72,32 1 22,91 2 37,51 3 10,22 3 07,17 2 28,74 5 05,45 9 08,23 8 12,22 2 26,072 7 19,33 2 36,766 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 743,76 0 60,43 0 04,12 6 70,61 1 40,42 4 99,37 7 54,26 5 69,55 1 12,43 7 58,72 4 14,492 2 82,53 5 01,747 gnidnatstuo seton .R.F 469,91 2 84,21 0 10,4 9 81,2 2 02,3 7 07,6 0 93,81 8 95,9 4 93,4 1 31,7 7 45,14 4 07,4 8 13,431 sknaB .R.F yb dleH—sseL 383,74 9 75,12 0 93,71 7 88,31 9 38,02 7 82,76 8 60,44 7 63,64 7 18,92 6 27,02 6 68,252 9 75,03 7 87,216 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 345,995 )3( seitiruces ycnega dna .tvog .S.U 787,216 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