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 18, 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 17, 2002 Apr 10, 2002 Apr 18, 2001 Apr 17, 2002 Reserve Bank Credit 644,013 + 5,209 + 62,390 645,065 U.S. government securities (1) Bought outright-system account (2,3) 578,332 + 1,539 + 55,958 580,046 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) 28,200 + 3,807 + 5,980 27,200 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 4 + 3 0 1 Seasonal credit 48 + 6 + 8 49 Extended credit 0 0 0 0 Float -698 - 540 - 1,311 -560 Other F.R. assets 38,117 + 393 + 1,755 38,318 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,227 + 14 + 880 33,227 Total factors supplying reserve funds 690,484 + 5,224 + 63,268 691,535 Currency in circulation* 643,392 - 212 + 54,529 644,278 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 403 + 3 - 100 400 Deposits, other than reserve balances, with F.R. Banks Treasury 5,957 + 949 + 466 7,740 Foreign 116 + 14 + 37 76 Service-related balances and adjustments (5) 10,053 - 19 + 3,268 10,053 Other 242 - 36 - 100 231 Other F.R. liabilities and capital 18,736 + 4 + 783 18,558 Total factors, other than reserve balances, absorbing reserve funds 678,899 + 704 + 58,883 681,337 Reserve balances with F.R. Banks (6) 11,585 + 4,520 + 4,385 10,198 On April 17, 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 $ 745,008 million, a change of $ - 5,138 million for the week. The total includes $ 604,253 million of U.S. government securities and $ 140,755 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 $ 19,999 million (daily average over statement week) and $ 19,123 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,999 million (daily average) and $ 19,123 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 615 million (daily average) and $ 2,211 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,130 million of inflation-indexed securities valued at the original face amount and $ 1,015 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 $ 9,820 million and adjustments of $ 233 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 17, 2002 Apr 10, 2002 Apr 18, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 1,018 - 18 - 119 Loans 51 + 2 + 3 Acceptances 0 0 0 Repurchase agreements — triparty (1) 27,200 + 4,200 - 2,064 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 193,801 + 724 + 11,764 Notes (3) 281,085 + 1,504 + 34,881 Bonds (4) 105,159 + 332 + 8,206 Total bought outright (5) 580,046 + 2,560 + 54,851 Held under repurchase agreements 0 0 0 Total U.S. government securities 580,046 + 2,560 + 54,851 Total loans and securities 607,306 + 6,762 + 52,789 Items in process of collection (1,402) 7,865 - 123 - 1,399 Bank premises 1,514 + 1 + 24 Other assets (6) 36,582 + 345 + 1,650 TOTAL ASSETS (1,402) 667,529 + 6,967 + 52,942 LIABILITIES Federal Reserve notes 612,470 - 237 + 53,375 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 19,991 + 3,922 - 1,765 U.S. Treasury—general account 7,740 + 2,957 + 987 Foreign—official accounts 76 - 193 - 31 Other (0) 231 - 36 - 104 Total deposits (0) 28,038 + 6,650 - 913 Deferred availability cash items (1,402) 8,463 + 591 - 401 Other liabilities and accrued dividends (7) 2,393 - 70 - 1,190 TOTAL LIABILITIES (1,402) 651,364 + 6,934 + 50,872 CAPITAL ACCOUNTS Capital paid in 8,005 - 2 + 959 Surplus 7,282 + 8 + 950 Other capital accounts 878 + 28 + 162 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 6,178 million of inflation-indexed securities valued at the original face amount and $ 590 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,952 million of inflation-indexed securities valued at the original face amount and $ 425 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,123 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,211 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 17, 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 43 25,010 + 10,153 0 0 22,200 0 16 days to 90 days 7 128,461 - 7,001 0 0 5,000 0 91 days to 1 year 0 131,919 - 2,428 0 0 ——— ——— Over 1 year to 5 years ——— 159,850 + 610 10 0 ——— ——— Over 5 years to 10 years ——— 53,377 + 1,063 0 0 ——— ——— Over 10 years ——— 81,428 + 161 0 0 ——— ——— Total 51 580,046 + 2,560 10 0 27,200 0 1 Includes $ 11,130 million of inflation-indexed securities valued at the original face amount and $ 1,015 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.

H.4.1 (b) Statement of Condition of Each Federal Reserve Bank on April 17, 2002 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco ASSETS Gold certificate account 11,04 4 53 3 4,36 9 43 0 52 2 81 9 92 6 1,08 0 34 6 17 9 30 9 48 5 1,046 Special drawing rights certif. acct. 2,20 0 11 5 87 4 8 3 10 4 14 7 16 6 21 2 7 1 3 0 6 6 9 8 234 Coin 1,01 8 6 2 6 3 5 6 5 4 14 4 8 0 12 8 5 6 3 9 7 2 12 9 137 Loans 5 1 3 0 0 0 0 0 2 1 7 1 1 5 0 2 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 27,20 0 0 27,20 0 0 0 0 0 0 0 0 0 0 0 Federal agency obligations (2) Bought outright 1 0 1 4 0 1 1 1 1 0 0 0 0 1 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 U.S. government securities (2) Bought outright— Bills 193,80 1 11,10 4 76,25 3 7,45 2 10,69 3 15,11 5 13,79 9 22,80 7 6,89 1 3,03 0 5,72 9 4,30 1 16,627 Notes (3) 281,08 5 16,10 5 110,59 6 10,80 9 15,50 9 21,92 3 20,01 4 33,07 8 9,99 5 4,39 4 8,30 9 6,23 8 24,116 Bonds (4) 105,15 9 6,02 5 41,37 6 4,04 4 5,80 2 8,20 2 7,48 8 12,37 5 3,73 9 1,64 4 3,10 8 2,33 4 9,022 Total bought outright (5) 580,04 6 33,23 3 228,22 5 22,30 4 32,00 4 45,23 9 41,30 2 68,26 0 20,62 5 9,06 8 17,14 6 12,87 3 49,766 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 580,04 6 33,23 3 228,22 5 22,30 4 32,00 4 45,23 9 41,30 2 68,26 0 20,62 5 9,06 8 17,14 6 12,87 3 49,766 Total loans and securities 607,30 6 33,23 7 255,42 9 22,30 5 32,00 4 45,24 0 41,30 2 68,28 2 20,63 2 9,07 9 17,15 2 12,87 4 49,769 Items in process of collection 9,26 8 54 1 1,04 9 46 6 36 9 50 4 71 1 59 9 39 2 64 1 55 4 68 7 2,754 Bank premises 1,51 4 9 2 18 1 4 9 15 2 13 1 28 0 10 7 4 3 12 3 4 9 13 7 171 Other assets (6) 36,58 2 1,91 9 12,98 7 1,25 2 2,41 1 5,14 3 2,46 0 3,78 4 98 7 62 1 96 5 80 4 3,249 Interdistrict settlement account 0 - 2,04 9 - 2,28 8 - 2,38 0 - 3,02 4 + 1,49 5 + 1,29 8 - 2,64 6 - 64 5 + 5,01 4 + 47 9 + 8,29 4 - 3,547 TOTAL ASSETS 668,93 2 34,45 0 272,66 4 22,26 1 32,59 3 53,62 4 47,22 3 71,54 6 21,88 2 15,72 5 19,64 5 23,50 6 53,813 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal agency securities. 2 Face value of the securities. 3 Includes $ 6,178 million of inflation-indexed securities valued at the original face amount and $ 590 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,952 million of inflation-indexed securities valued at the original face amount and $ 425 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,123 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,211 million that are fully collateralized by other U.S. government securities. 6 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Components may not add to totals due to rounding.

H.4.1 (c) Statement of Condition of Each Federal Reserve Bank on April 17, 2002 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco LIABILITIES Federal Reserve notes 612,47 0 30,54 5 254,53 3 20,63 3 29,52 5 46,67 8 43,51 8 66,81 6 20,37 1 13,82 7 17,24 3 21,47 6 47,306 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,99 1 2,20 9 4,88 2 40 8 1,07 8 1,90 3 1,48 4 2,09 3 79 2 84 5 1,39 1 99 6 1,910 U.S. Treasury—general account 7,74 0 0 7,74 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 6 2 5 2 1 3 7 2 3 1 1 1 1 3 Other 23 1 1 0 13 4 0 1 7 5 0 1 4 0 4 0 1 Total deposits 28,03 8 2,22 0 12,80 9 40 9 1,08 2 1,98 5 1,48 6 2,09 7 79 7 84 6 1,39 6 99 7 1,914 Deferred credit items 9,86 5 64 9 99 9 64 5 45 4 70 0 1,00 0 71 5 28 7 57 8 50 7 59 8 2,735 Other liabilities and accrued dividends (2) 2,39 3 14 5 73 9 10 7 13 8 24 6 19 8 25 5 10 4 8 0 9 5 9 0 196 TOTAL LIABILITIES 652,76 7 33,55 9 269,08 0 21,79 4 31,20 0 49,60 8 46,20 2 69,88 3 21,55 9 15,33 1 19,24 0 23,16 1 52,151 CAPITAL ACCOUNTS Capital paid in 8,00 5 43 0 1,68 2 22 3 68 0 2,11 4 45 0 80 0 15 0 30 6 19 5 16 7 808 Surplus 7,28 2 41 8 1,50 4 22 1 66 5 1,75 7 53 5 79 3 14 9 8 8 19 1 16 4 796 Other capital accounts 87 8 4 3 39 8 2 3 4 9 14 4 3 7 7 0 2 3 0 1 9 1 4 58 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 668,93 2 34,45 0 272,66 4 22,26 1 32,59 3 53,62 4 47,22 3 71,54 6 21,88 2 15,72 5 19,64 5 23,50 6 53,813 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 747,08 5 35,33 3 296,02 9 27,71 2 34,11 2 56,39 2 61,81 6 73,75 0 23,92 7 16,04 0 21,30 0 33,89 1 66,783 Less—Held by F.R. Banks 134,61 5 4,78 8 41,49 6 7,07 9 4,58 7 9,71 5 18,29 8 6,93 5 3,55 6 2,21 4 4,05 8 12,41 5 19,476 F.R. notes, net 612,47 0 30,54 5 254,53 3 20,63 3 29,52 5 46,67 8 43,51 8 66,81 6 20,37 1 13,82 7 17,24 3 21,47 6 47,306 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities (3) 599,226 Total collateral 612,470 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and agency securities. 2 Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. 3 U.S. government and agency securities bought outright or held under repurchase agreement are valued at face amount. Includes cash value of repurchase agreements under triparty arrangements and excludes the par value of securities pledged under reverse repurchase agreements. Components may not add to totals due to rounding.