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 25, 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 24, 2002 Apr 17, 2002 Apr 25, 2001 Apr 24, 2002 Reserve Bank Credit 640,408 - 3,606 + 61,219 641,490 U.S. government securities (1) Bought outright-system account (2,3) 580,266 + 1,934 + 54,834 582,038 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) 21,964 - 6,236 + 4,781 21,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 + 4 - 21 11 Seasonal credit 56 + 8 + 20 55 Extended credit 0 0 0 0 Float -518 + 180 - 116 -560 Other F.R. assets 38,622 + 504 + 1,722 38,935 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,647 + 14 + 1,265 33,647 Total factors supplying reserve funds 687,298 - 3,592 + 62,481 688,380 Currency in circulation* 643,464 - 334 + 55,463 644,691 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 399 - 4 - 113 393 Deposits, other than reserve balances, with F.R. Banks Treasury 6,994 + 1,037 + 100 6,255 Foreign 82 - 34 - 37 76 Service-related balances and adjustments (5) 10,131 + 78 + 3,100 10,131 Other 232 - 10 - 115 231 Other F.R. liabilities and capital 18,858 + 122 + 887 18,688 Total factors, other than reserve balances, absorbing reserve funds 680,161 + 856 + 59,285 680,465 Reserve balances with F.R. Banks (6) 7,137 - 4,449 + 3,196 7,915 On April 24, 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 $ 737,845 million, a change of $ - 7,163 million for the week. The total includes $ 594,317 million of U.S. government securities and $ 143,528 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 $ 19,762 million (daily average over statement week) and $ 19,394 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,762 million (daily average) and $ 19,394 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 439 million (daily average) and $ 378 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 $ 1,026 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 $ 9,870 million and adjustments of $ 261 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 24, 2002 Apr 17, 2002 Apr 25, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 999 - 19 - 122 Loans 66 + 15 0 Acceptances 0 0 0 Repurchase agreements — triparty (1) 21,000 - 6,200 + 4,493 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 193,713 - 88 + 11,790 Notes (3) 283,086 + 2,001 + 34,800 Bonds (4) 105,239 + 80 + 8,148 Total bought outright (5) 582,038 + 1,992 + 54,738 Held under repurchase agreements 0 0 0 Total U.S. government securities 582,038 + 1,992 + 54,738 Total loans and securities 603,114 - 4,192 + 59,232 Items in process of collection (1,184) 7,393 - 472 - 625 Bank premises 1,515 + 1 + 24 Other assets (6) 37,192 + 610 + 1,700 TOTAL ASSETS (1,184) 663,457 - 4,072 + 60,207 LIABILITIES Federal Reserve notes 612,437 - 33 + 54,351 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 18,106 - 1,885 + 6,974 U.S. Treasury—general account 6,255 - 1,485 - 1,228 Foreign—official accounts 76 0 - 45 Other (0) 231 0 - 99 Total deposits (0) 24,668 - 3,370 + 5,602 Deferred availability cash items (1,184) 7,664 - 799 - 774 Other liabilities and accrued dividends (7) 2,423 + 30 - 1,101 TOTAL LIABILITIES (1,184) 647,191 - 4,173 + 58,076 CAPITAL ACCOUNTS Capital paid in 8,056 + 51 + 1,006 Surplus 7,290 + 8 + 915 Other capital accounts 920 + 42 + 209 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 $ 597 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 $ 430 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 378 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 24, 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 66 27,661 + 2,651 0 0 17,000 0 16 days to 90 days 0 126,543 - 1,918 0 0 4,000 0 91 days to 1 year 0 132,466 + 547 0 0 ——— ——— Over 1 year to 5 years ——— 160,385 + 535 10 0 ——— ——— Over 5 years to 10 years ——— 53,551 + 174 0 0 ——— ——— Over 10 years ——— 81,433 + 5 0 0 ——— ——— Total 66 582,038 + 1,992 10 0 21,000 0 1 Includes $ 11,130 million of inflation-indexed securities valued at the original face amount and $ 1,026 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 ,42 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 640,1 5 84 9 03 9 71 6 43 0 80,1 6 29 9 18 2 25 0 34 9 63,4 3 35 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 731 9 21 1 7 7 3 6 5 4 21 6 8 8 31 2 5 3 5 4 5 1 6 9 99 nioC 0 0 7 5 1 6 2 3 0 0 0 1 0 5 6 6 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 00,12 0 0 00,12 )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 026,61 9 92,4 6 27,5 8 20,3 8 88,6 6 97,22 3 97,31 8 01,51 8 86,01 9 44,7 9 12,67 9 90,11 3 17,391 slliB —thgirtuo thguoB 882,42 3 82,6 8 63,8 5 24,4 6 60,01 4 13,33 7 51,02 9 70,22 9 16,51 5 88,01 3 83,111 9 12,61 6 80,382 )3( setoN 920,9 6 33,2 1 11,3 5 46,1 2 47,3 5 83,21 3 94,7 8 02,8 7 08,5 7 40,4 8 04,14 0 30,6 9 32,501 )4( sdnoB 739,94 7 19,21 5 02,71 9 90,9 6 96,02 4 94,86 3 44,14 5 93,54 4 11,23 1 83,22 9 00,922 8 43,33 8 30,285 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 739,94 7 19,21 5 02,71 9 90,9 6 96,02 4 94,86 3 44,14 5 93,54 4 11,23 1 83,22 9 00,922 8 43,33 8 30,285 seitiruces .tvog .S.U latoT 839,94 8 19,21 2 12,71 4 11,9 2 07,02 7 25,86 4 44,14 6 93,54 4 11,23 2 83,22 3 10,052 3 53,33 4 11,306 seitiruces dna snaol latoT 524,2 5 55 8 33 6 65 4 14 5 56 8 29 4 64 3 82 2 44 9 99 7 05 7 75,8 noitcelloc fo ssecorp ni smetI 171 7 31 9 4 3 21 3 4 7 01 0 82 1 31 2 51 9 4 1 81 2 9 5 15,1 sesimerp knaB 203,3 0 28 5 89 1 36 8 00,1 1 68,3 6 05,2 9 02,5 9 44,2 0 42,1 3 22,31 9 59,1 2 91,73 )6( stessa rehtO 803,4 - 5 86,7 + 3 63 - 3 56,4 + 3 62,1 - 5 67,2 - 7 14 + 2 83,1 + 8 51,3 - 4 96,1 - 7 50,3 + 2 46,3 - 0 tnuocca tnemelttes tcirtsidretnI 449,25 6 28,22 7 66,81 4 33,51 8 73,12 2 08,17 3 57,64 5 86,35 9 15,23 5 89,22 0 77,272 8 79,23 1 46,466 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 795 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 871,6 $ sedulcnI 3 .seitiruces hcus fo lapicnirp eht no noitalfni fo stceffe eht rof stsujda taht noitasnepmoc fo noillim 034 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 259,4 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 873 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 493,91 $ 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 ,42 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 490,74 3 82,12 5 42,71 7 58,31 9 31,02 9 26,66 3 64,34 3 26,64 1 81,92 6 54,02 8 58,552 0 16,03 7 34,216 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 724,1 5 36 8 46 4 44 4 74 2 95,2 4 62,1 4 30,2 5 04,1 4 03,1 9 41,5 0 37 6 01,81 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 5 52,6 0 5 52,6 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 2 5 2 6 7 stnuocca laiciffo—ngieroF 1 0 4 0 4 1 0 7 7 1 2 3 31 8 1 32 rehtO 134,1 6 36 3 56 4 44 9 74 6 95,2 7 62,1 7 11,2 9 04,1 6 03,1 0 95,11 9 37 8 66,42 stisoped latoT 855,2 9 64 3 72 2 55 3 82 6 56 0 08 4 16 9 93 0 56 2 00,1 2 95 8 48,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 991 3 9 6 9 8 7 6 01 8 52 3 02 7 52 8 31 7 01 0 47 8 41 3 24,2 )2( sdnedivid 182,15 1 84,22 7 62,81 2 39,41 7 00,12 9 31,07 2 37,54 2 16,94 7 21,13 0 25,22 0 91,962 9 80,23 6 73,846 SEITILIBAIL LATOT STNUOCCA LATIPAC 808 7 61 1 91 6 03 3 02 0 08 0 54 4 11,2 0 86 3 22 2 86,1 0 34 6 50,8 ni diap latipaC 697 4 61 1 91 6 9 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 0 92,7 sulpruS 95 4 1 8 1 0 8 1 0 7 5 3 2 02 8 4 1 2 4 93 1 4 0 29 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 449,25 6 28,22 7 66,81 4 33,51 8 73,12 2 08,17 3 57,64 5 86,35 9 15,23 5 89,22 0 77,272 8 79,23 1 46,466 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 615,66 3 97,33 3 72,12 9 10,61 1 78,32 1 95,37 7 74,16 0 08,65 6 40,43 1 85,72 0 75,792 0 13,53 7 48,747 gnidnatstuo seton .R.F 224,91 0 15,21 8 20,4 2 61,2 1 37,3 3 69,6 5 10,81 8 71,01 5 68,4 5 21,7 2 17,14 0 07,4 1 14,531 sknaB .R.F yb dleH—sseL 490,74 3 82,12 5 42,71 7 58,31 9 31,02 9 26,66 3 64,34 3 26,64 1 81,92 6 54,02 8 58,552 0 16,03 7 34,216 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 391,995 )3( seitiruces ycnega dna .tvog .S.U 734,216 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