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. May 16, 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 May 15, 2002 May 8, 2002 May 16, 2001 May 15, 2002 Reserve Bank Credit 645,879 + 4,344 + 61,037 649,250 U.S. government securities (1) Bought outright-system account (2,3) 583,972 + 1,805 + 56,714 585,767 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) 22,787 + 2,858 + 2,734 28,251 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 + 1 - 519 9 Seasonal credit 95 + 1 + 7 95 Extended credit 0 0 0 0 Float -114 - 179 + 39 -830 Other F.R. assets 39,124 - 141 + 2,063 35,948 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,689 + 14 + 1,214 33,689 Total factors supplying reserve funds 692,811 + 4,358 + 62,247 696,182 Currency in circulation* 647,695 + 1,271 + 57,366 649,083 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 408 + 12 - 109 410 Deposits, other than reserve balances, with F.R. Banks Treasury 5,134 - 11 - 35 4,968 Foreign 99 + 12 - 5 108 Service-related balances and adjustments (5) 10,042 - 87 + 3,199 10,042 Other 214 - 46 - 181 216 Other F.R. liabilities and capital 19,099 - 24 + 1,153 18,978 Total factors, other than reserve balances, absorbing reserve funds 682,692 + 1,127 + 61,389 683,806 Reserve balances with F.R. Banks (6) 10,120 + 3,232 + 859 12,377 On May 15, 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 $ 747,816 million, a change of $ + 5,339 million for the week. The total includes $ 603,722 million of U.S. government securities and $ 144,093 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 $ 21,437 million (daily average over statement week) and $ 21,120 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 21,437 million (daily average) and $ 21,120 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 769 million (daily average) and $ 2,215 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,106 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 $ 9,864 million and adjustments of $ 179 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 May 15, 2002 May 8, 2002 May 16, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 962 - 11 - 141 Loans 104 + 12 - 6 Acceptances 0 0 0 Repurchase agreements — triparty (1) 28,251 + 9,251 - 3,496 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 195,376 + 564 + 16,668 Notes (3) 285,069 + 1,524 + 33,535 Bonds (4) 105,322 + 7 + 7,183 Total bought outright (5) 585,767 + 2,095 + 57,387 Held under repurchase agreements 0 0 0 Total U.S. government securities 585,767 + 2,095 + 57,387 Total loans and securities 614,132 + 11,358 + 53,885 Items in process of collection (1,156) 6,583 - 1,944 - 1,286 Bank premises 1,514 0 + 15 Other assets (6) 34,204 - 3,440 + 1,291 TOTAL ASSETS (1,156) 670,639 + 5,965 + 53,764 LIABILITIES Federal Reserve notes 616,766 + 487 + 55,980 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 22,254 + 6,085 - 2,346 U.S. Treasury—general account 4,968 - 484 - 341 Foreign—official accounts 108 + 26 + 32 Other (0) 216 - 35 - 139 Total deposits (0) 27,546 + 5,591 - 2,794 Deferred availability cash items (1,156) 7,348 - 338 - 747 Other liabilities and accrued dividends (7) 2,447 + 32 - 971 TOTAL LIABILITIES (1,156) 654,108 + 5,773 + 51,469 CAPITAL ACCOUNTS Capital paid in 8,080 - 21 + 1,053 Surplus 7,310 + 7 + 802 Other capital accounts 1,140 + 204 + 439 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 652 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 453 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,120 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,215 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, May 15, 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 19 23,438 - 4,225 0 0 23,251 0 16 days to 90 days 85 127,337 + 1,389 0 0 5,000 0 91 days to 1 year 0 136,341 + 3,148 0 0 ——— ——— Over 1 year to 5 years ——— 165,488 + 4,133 10 0 ——— ——— Over 5 years to 10 years ——— 51,648 - 2,357 0 0 ——— ——— Over 10 years ——— 81,515 + 6 0 0 ——— ——— Total 104 585,767 + 2,095 10 0 28,251 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,106 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 ,51 yaM 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 331 5 21 7 6 8 3 2 5 3 21 2 9 1 31 9 4 0 5 9 4 3 5 2 69 nioC 5 0 8 7 3 2 1 7 3 1 0 0 0 0 4 4 01 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 1 52,82 0 1 52,82 )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 267,61 6 33,4 5 77,5 4 50,3 7 49,6 2 99,22 2 19,31 8 32,51 0 87,01 3 15,7 3 78,67 4 91,11 6 73,591 slliB —thgirtuo thguoB 854,42 7 23,6 7 24,8 6 54,4 6 31,01 7 45,33 8 92,02 3 32,22 9 27,51 2 69,01 4 61,211 3 33,61 9 60,582 )3( setoN 630,9 7 33,2 3 11,3 6 46,1 5 47,3 4 93,21 9 94,7 4 12,8 1 18,5 0 50,4 0 44,14 4 30,6 2 23,501 )4( sdnoB 652,05 0 00,31 5 13,71 7 51,9 9 28,02 3 39,86 9 07,14 6 86,54 0 23,23 4 25,22 6 74,032 1 65,33 7 67,585 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 652,05 0 00,31 5 13,71 7 51,9 9 28,02 3 39,86 9 07,14 6 86,54 0 23,23 4 25,22 6 74,032 1 65,33 7 67,585 seitiruces .tvog .S.U latoT 362,05 0 00,31 4 23,71 4 91,9 1 48,02 1 79,86 0 17,14 6 86,54 0 23,23 5 25,22 1 37,852 6 65,33 2 31,416 seitiruces dna snaol latoT 982,2 4 02 3 74 2 45 5 54 2 86 8 96 5 94 9 82 4 53 2 37 5 25 9 37,7 noitcelloc fo ssecorp ni smetI 171 6 31 9 4 3 21 3 4 8 01 0 82 1 31 2 51 9 4 1 81 2 9 4 15,1 sesimerp knaB 640,3 2 57 4 98 5 85 9 98 0 05,3 9 82,2 2 10,5 7 92,2 3 21,1 5 20,21 0 87,1 4 02,43 )6( stessa rehtO 148,2 - 5 71,8 + 1 2 + 0 80,5 + 9 33,1 - 1 82,3 - 7 12,1 + 0 37,2 + 6 30,3 - 8 43,2 - 1 81,1 - 5 91,3 - 0 tnuocca tnemelttes tcirtsidretnI 243,45 5 79,22 2 02,91 1 77,51 8 63,12 5 93,17 8 73,74 0 51,55 7 96,23 4 62,22 0 87,572 0 74,33 5 97,176 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 256 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 195,6 $ sedulcnI 3 .seitiruces hcus fo lapicnirp eht no noitalfni fo stceffe eht rof stsujda taht noitasnepmoc fo noillim 354 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 110,5 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 512,2 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 021,12 $ 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 ,51 yaM 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 217,74 4 14,12 3 53,71 4 87,31 1 98,91 1 89,56 5 07,34 9 30,74 9 49,82 5 55,02 7 17,952 5 66,03 6 67,616 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 752,2 4 97 0 00,1 7 09 3 07 7 58,2 5 85,1 5 39,2 2 87,1 4 55 9 07,5 0 71,1 4 52,22 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 8 69,4 0 8 69,4 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 4 8 2 8 01 stnuocca laiciffo—ngieroF 1 0 0 5- 0 2 1 0 1 11 1 0 5 31 3 1 6 12 rehtO 162,2 5 97 1 59 8 09 6 07 1 68,2 8 85,1 4 50,3 6 87,1 6 55 7 98,01 5 81,1 6 45,72 stisoped latoT 194,2 8 23 4 04 6 75 9 32 7 26 4 68 0 85 5 04 8 75 1 38 2 85 4 05,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 691 4 9 6 9 2 8 9 01 2 62 0 02 4 52 2 41 8 01 2 57 0 51 7 44,2 )2( sdnedivid 066,25 1 36,22 4 08,81 0 53,51 4 49,02 2 37,96 7 53,64 8 29,05 2 82,13 7 97,12 7 91,272 2 85,23 4 62,556 SEITILIBAIL LATOT STNUOCCA LATIPAC 528 9 61 1 91 4 03 5 02 1 08 1 54 5 11,2 4 86 3 22 2 86,1 0 34 0 80,8 ni diap latipaC 697 4 61 1 91 7 11 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 0 13,7 sulpruS 26 1 1 7 1 0 0 7 0 7 6 3 0 53 6 6 3 2 7 93 9 3 0 41,1 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 243,45 5 79,22 2 02,91 1 77,51 8 63,12 5 93,17 8 73,74 0 51,55 7 96,23 4 62,22 0 87,572 0 74,33 5 97,176 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 842,66 7 58,33 6 61,12 6 49,51 1 37,32 7 96,27 8 42,16 3 53,75 0 57,33 0 73,72 3 72,203 0 72,53 1 19,057 gnidnatstuo seton .R.F 635,81 3 44,21 4 18,3 2 61,2 0 48,3 6 17,6 3 45,71 4 13,01 1 08,4 5 18,6 7 55,24 5 06,4 5 41,431 sknaB .R.F yb dleH—sseL 217,74 4 14,12 3 53,71 4 87,31 1 98,91 1 89,56 5 07,34 9 30,74 9 49,82 5 55,02 7 17,952 5 66,03 6 67,616 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 325,306 )3( seitiruces ycnega dna .tvog .S.U 667,616 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