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. June 6, 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 Jun 5, 2002 May 29, 2002 Jun 6, 2001 Jun 5, 2002 Reserve Bank Credit 651,310 - 4,538 + 63,570 648,795 U.S. government securities (1) Bought outright-system account (2,3) 587,403 - 266 + 59,463 588,363 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) 26,929 - 4,275 + 2,875 22,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 0 - 7 - 120 1 Seasonal credit 120 - 9 + 25 107 Extended credit 0 0 0 0 Float -42 + 140 - 497 513 Other F.R. assets 36,890 - 122 + 1,823 37,050 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,731 + 14 + 1,169 33,731 Total factors supplying reserve funds 698,284 - 4,524 + 64,736 695,769 Currency in circulation* 654,300 + 352 + 59,095 655,218 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 415 + 3 - 91 412 Deposits, other than reserve balances, with F.R. Banks Treasury 5,338 + 326 + 542 5,776 Foreign 100 - 9 + 17 96 Service-related balances and adjustments (5) 9,799 - 360 + 2,755 9,799 Other 226 + 19 - 106 251 Other F.R. liabilities and capital 19,579 - 122 + 1,670 19,450 Total factors, other than reserve balances, absorbing reserve funds 689,758 + 210 + 63,881 691,002 Reserve balances with F.R. Banks (6) 8,527 - 4,734 + 856 4,767 On June 5, 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 $ 773,148 million, a change of $ + 17,290 million for the week. The total includes $ 622,931 million of U.S. government securities and $ 150,217 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 $ 22,672 million (daily average over statement week) and $ 22,288 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,672 million (daily average) and $ 22,288 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 251 million (daily average) and $ 18 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 $ 1,154 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 $ 9,810 million and adjustments of $ -10 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 Jun 5, 2002 May 29, 2002 Jun 6, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 929 + 1 - 145 Loans 109 - 37 - 5 Acceptances 0 0 0 Repurchase agreements — triparty (1) 22,750 - 24,675 + 3,700 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 194,372 - 450 + 16,905 Notes (3) 288,576 + 1,247 + 37,157 Bonds (4) 105,415 + 7 + 7,177 Total bought outright (5) 588,363 + 804 + 61,239 Held under repurchase agreements 0 0 0 Total U.S. government securities 588,363 + 804 + 61,239 Total loans and securities 611,231 - 23,909 + 64,933 Items in process of collection (1,322) 8,957 - 1,893 - 2,749 Bank premises 1,514 - 2 + 10 Other assets (6) 35,549 + 2 + 1,942 TOTAL ASSETS (1,322) 671,424 - 25,801 + 63,989 LIABILITIES Federal Reserve notes 622,827 - 1,020 + 58,100 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 14,554 - 25,460 + 4,295 U.S. Treasury—general account 5,776 + 1,829 - 150 Foreign—official accounts 96 - 112 + 14 Other (0) 251 + 41 - 76 Total deposits (0) 20,677 - 23,702 + 4,083 Deferred availability cash items (1,322) 8,470 - 1,223 + 23 Other liabilities and accrued dividends (7) 2,508 - 14 - 862 TOTAL LIABILITIES (1,322) 654,482 - 25,959 + 61,344 CAPITAL ACCOUNTS Capital paid in 8,282 + 15 + 1,221 Surplus 7,312 0 + 728 Other capital accounts 1,349 + 143 + 696 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 $ 680 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 $ 474 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 18 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, June 5, 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 17,597 - 8,651 0 0 17,750 0 16 days to 90 days 89 137,743 + 9,364 0 0 5,000 0 91 days to 1 year 0 131,539 - 1,710 0 0 ——— ——— Over 1 year to 5 years ——— 167,481 + 1,012 10 0 ——— ——— Over 5 years to 10 years ——— 52,467 + 782 0 0 ——— ——— Over 10 years ——— 81,536 + 7 0 0 ——— ——— Total 109 588,363 + 804 10 0 22,750 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,154 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 ,5 enuJ 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 321 1 21 7 6 8 3 5 5 9 11 2 9 7 21 5 4 6 4 8 4 5 4 9 29 nioC 4 2 6 1 3 3 8 1 5 3 2 0 0 0 0 0 9 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 0 57,22 0 0 57,22 )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 676,61 4 13,4 6 47,5 9 30,3 1 19,6 4 78,22 0 48,31 0 61,51 4 27,01 4 74,7 8 74,67 6 31,11 2 73,491 slliB —thgirtuo thguoB 957,42 4 04,6 0 35,8 1 15,4 1 62,01 0 69,33 8 45,02 7 05,22 2 29,51 7 90,11 3 45,311 4 35,61 6 75,882 )3( setoN 440,9 0 43,2 6 11,3 8 46,1 8 47,3 5 04,21 6 05,7 2 22,8 6 18,5 3 50,4 7 74,14 0 40,6 5 14,501 )4( sdnoB 974,05 8 50,31 2 93,71 8 91,9 1 29,02 9 32,96 4 98,14 8 88,54 3 64,23 4 26,22 8 94,132 0 17,33 3 63,885 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 974,05 8 50,31 2 93,71 8 91,9 1 29,02 9 32,96 4 98,14 8 88,54 3 64,23 4 26,22 8 94,132 0 17,33 3 63,885 seitiruces .tvog .S.U latoT 484,05 0 60,31 8 04,71 1 32,9 9 39,02 4 72,96 6 98,14 9 88,54 3 64,23 5 26,22 2 52,452 1 17,33 1 32,116 seitiruces dna snaol latoT 423,3 6 65 5 96 2 75 0 74 2 66 1 93,1 5 55 9 23 8 14 8 07 8 85 9 72,01 noitcelloc fo ssecorp ni smetI 171 8 31 9 4 3 21 3 4 8 01 0 82 0 31 2 51 9 4 1 81 2 9 4 15,1 sesimerp knaB 861,3 4 87 4 39 0 16 0 49 3 56,3 9 83,2 9 81,5 6 83,2 0 71,1 1 74,21 6 58,1 9 45,53 )6( stessa rehtO 210,4 - 4 39,7 + 3 87 - 9 06,4 + 9 76,1 - 6 76,4 - 4 57 + 3 44,2 + 5 63,4 - 0 84,2 - 9 99,5 + 4 47,3 - 0 tnuocca tnemelttes tcirtsidretnI 935,45 5 81,32 6 47,81 1 93,51 5 81,12 2 34,07 5 98,74 9 92,55 7 36,13 0 43,22 3 09,872 6 91,33 6 47,276 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 086 $ 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 474 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 110,5 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 81 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 882,22 $ 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 ,5 enuJ 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 941,84 2 96,12 9 02,71 8 48,31 6 87,91 4 54,56 8 06,44 6 66,74 7 06,82 5 07,02 8 32,462 6 68,03 7 28,226 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 647,1 8 46 9 75 2 04 8 45 0 12,2 1 70,1 0 80,2 7 49 7 26 4 60,3 3 36 4 55,41 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 6 77,5 0 6 77,5 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 2 7 2 6 9 stnuocca laiciffo—ngieroF 0 1 1 0 3 1 1 0 7 8 0 0 2 31 6 1 1 52 rehtO 947,1 9 46 1 85 2 04 1 65 4 12,2 4 70,1 4 71,2 0 59 8 26 4 40,9 1 56 7 76,02 stisoped latoT 447,2 3 04 8 54 2 16 5 92 9 08 0 79 5 29 3 35 3 34 2 79 7 36 2 97,9 smeti tiderc derrefeD deurcca dna seitilibail rehtO 402 3 9 8 9 1 8 9 01 8 62 5 02 4 62 8 41 1 11 5 77 1 51 8 05,2 )2( sdnedivid 648,25 6 38,22 7 43,81 3 49,41 2 57,02 5 47,86 7 58,64 9 20,15 7 32,03 8 78,12 9 20,572 6 03,23 4 08,556 SEITILIBAIL LATOT STNUOCCA LATIPAC 628 9 61 4 91 4 03 8 02 7 18 0 74 9 11,2 6 86 3 22 4 38,1 2 34 2 82,8 ni diap latipaC 697 4 61 1 91 8 11 9 41 3 97 5 35 7 57,1 5 66 1 22 4 05,1 8 14 2 13,7 sulpruS 17 6 1 4 1 6 2 5 7 7 7 3 3 3 93 9 4 8 1 6 35 0 4 9 43,1 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 935,45 5 81,32 6 47,81 1 93,51 5 81,12 2 34,07 5 98,74 9 92,55 7 36,13 0 43,22 3 09,872 6 91,33 6 47,276 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 211,66 3 29,33 7 60,12 4 58,51 2 16,32 5 77,17 8 02,16 5 12,75 4 14,33 7 71,72 4 52,503 4 83,53 5 99,157 gnidnatstuo seton .R.F 369,71 1 32,21 8 58,3 5 00,2 5 28,3 1 23,6 0 06,61 9 45,9 7 08,4 3 74,6 7 10,14 7 15,4 8 61,921 sknaB .R.F yb dleH—sseL 941,84 2 96,12 9 02,71 8 48,31 6 87,91 4 54,56 8 06,44 6 66,74 7 06,82 5 07,02 8 32,462 6 68,03 7 28,226 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 485,906 )3( seitiruces ycnega dna .tvog .S.U 728,226 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