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 27, 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 26, 2002 Jun 19, 2002 Jun 27, 2001 Jun 26, 2002 Reserve Bank Credit 656,063 + 5,275 + 69,072 665,859 U.S. government securities (1) Bought outright-system account (2,3) 591,688 + 334 + 56,679 592,390 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) 25,821 + 3,785 + 10,890 34,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 + 2 - 9 1 Seasonal credit 162 + 31 + 24 179 Extended credit 0 0 0 0 Float -148 + 355 - 295 112 Other F.R. assets 38,524 + 768 + 1,782 38,917 Gold stock 11,044 0 0 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,773 + 14 + 1,129 33,773 Total factors supplying reserve funds 703,079 + 5,289 + 70,201 712,876 Currency in circulation* 655,245 + 599 + 61,266 657,842 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 397 - 10 - 47 395 Deposits, other than reserve balances, with F.R. Banks Treasury 6,963 + 1,069 + 215 7,620 Foreign 104 - 20 + 25 74 Service-related balances and adjustments (5) 10,303 + 55 + 3,004 10,303 Other 237 - 18 - 42 239 Other F.R. liabilities and capital 20,253 + 434 + 2,153 20,129 Total factors, other than reserve balances, absorbing reserve funds 693,500 + 2,108 + 66,573 696,601 Reserve balances with F.R. Banks (6) 9,579 + 3,181 + 3,627 16,274 On June 26, 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 $ 777,042 million, a change of $ + 3,400 million for the week. The total includes $ 620,828 million of U.S. government securities and $ 156,213 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 $ 22,530 million (daily average over statement week) and $ 21,836 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,530 million (daily average) and $ 21,836 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,495 million (daily average) and $ 817 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 $ 1,204 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 $ 9,917 million and adjustments of $ 386 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 26, 2002 Jun 19, 2002 Jun 27, 2001 ASSETS Gold certificate account 11,044 0 0 Special drawing rights certificate account 2,200 0 0 Coin 931 - 14 - 189 Loans 180 + 30 + 28 Acceptances 0 0 0 Repurchase agreements — triparty (1) 34,250 + 13,500 + 14,745 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 198,350 + 187 + 17,139 Notes (3) 288,604 + 9 + 34,379 Bonds (4) 105,436 + 7 + 5,682 Total bought outright (5) 592,390 + 203 + 57,199 Held under repurchase agreements 0 0 0 Total U.S. government securities 592,390 + 203 + 57,199 Total loans and securities 626,830 + 13,733 + 71,972 Items in process of collection (1,011) 7,238 + 122 - 650 Bank premises 1,518 + 1 + 13 Other assets (6) 37,399 + 931 + 2,126 TOTAL ASSETS (1,011) 687,160 + 14,773 + 73,273 LIABILITIES Federal Reserve notes 625,395 + 1,872 + 60,431 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 26,603 + 12,262 + 10,137 U.S. Treasury—general account 7,620 + 721 + 763 Foreign—official accounts 74 - 39 + 1 Other (0) 239 - 12 - 40 Total deposits (0) 34,536 + 12,932 + 10,861 Deferred availability cash items (1,011) 7,099 - 453 - 281 Other liabilities and accrued dividends (7) 2,583 + 29 - 722 TOTAL LIABILITIES (1,011) 669,614 + 14,381 + 70,290 CAPITAL ACCOUNTS Capital paid in 8,330 + 10 + 1,191 Surplus 7,312 0 + 641 Other capital accounts 1,905 + 382 + 1,152 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 $ 708 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 $ 496 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,836 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 817 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 26, 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 164 22,133 + 1,920 0 0 29,250 0 16 days to 90 days 16 134,033 - 2,039 0 0 5,000 0 91 days to 1 year 0 134,694 + 307 0 0 ——— ——— Over 1 year to 5 years ——— 167,488 + 3 10 0 ——— ——— Over 5 years to 10 years ——— 52,484 + 5 0 0 ——— ——— Over 10 years ——— 81,558 + 7 0 0 ——— ——— Total 180 592,390 + 203 10 0 34,250 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,204 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 ,62 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 421 9 21 7 6 6 3 7 5 8 11 2 01 3 21 6 4 3 4 1 4 5 4 1 39 nioC 01 6 5 2 3 5 5 3 7 4 4 0 0 0 0 1 0 81 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 52,43 0 0 52,43 )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 810,71 2 04,4 3 68,5 1 01,3 3 50,7 2 43,32 3 21,41 0 74,51 4 49,01 7 26,7 3 40,87 4 63,11 0 53,891 slliB —thgirtuo thguoB 167,42 5 04,6 1 35,8 2 15,4 2 62,01 3 69,33 0 55,02 9 05,22 4 29,51 8 90,11 5 55,311 5 35,61 4 06,882 )3( setoN 640,9 0 43,2 7 11,3 8 46,1 9 47,3 8 04,21 7 05,7 3 22,8 7 18,5 4 50,4 5 84,14 1 40,6 6 34,501 )4( sdnoB 528,05 7 41,31 1 15,71 1 62,9 4 60,12 3 17,96 1 81,24 2 02,64 5 86,23 9 77,22 2 80,332 1 49,33 0 93,295 )5( thgirtuo thguob latoT 0 0 0 0 0 0 0 0 0 0 0 0 0 stnemeerga esahcruper rednu dleH 528,05 7 41,31 1 15,71 1 62,9 4 60,12 3 17,96 1 81,24 2 02,64 5 86,23 9 77,22 2 80,332 1 49,33 0 93,295 seitiruces .tvog .S.U latoT 638,05 3 51,31 6 35,71 4 13,9 9 90,12 1 67,96 5 81,24 3 02,64 6 86,23 9 77,22 6 33,762 2 49,33 0 38,626 seitiruces dna snaol latoT 855,2 2 74 8 93 2 95 1 62 0 26 2 57 0 54 3 73 6 43 2 39 5 94 9 42,8 noitcelloc fo ssecorp ni smetI 271 8 31 9 4 4 21 3 4 9 01 9 72 0 31 1 51 9 4 2 81 2 9 8 15,1 sesimerp knaB 143,3 3 28 2 89 7 36 0 99 2 68,3 7 15,2 2 34,5 6 05,2 6 62,1 5 80,31 9 59,1 9 93,73 )6( stessa rehtO 324,3 - 4 39,8 + 2 64 - 2 70,5 + 0 76,1 - 2 97,5 - 1 80,1 + 8 27,3 + 5 08,4 - 1 78,2 - 2 55,1 + 4 43,1 - 0 tnuocca tnemelttes tcirtsidretnI 888,45 1 32,42 6 49,81 3 89,51 6 91,12 9 69,96 8 00,84 2 30,75 3 85,13 6 21,22 1 73,882 6 38,53 1 71,886 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 807 $ 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 694 $ dna tnuoma ecaf lanigiro eht ta deulav seitiruces dexedni-noitalfni fo noillim 110,5 $ sedulcnI 4 .seitiruces hcus fo lapicnirp ylluf era taht noillim 718 $ fo snaol seitiruces sedulcnI .keew tnemetats tsetal eht fo dne eht ta gnidnatstuo snoitcasnart esahcrup-elas dehctam noillim 638,12 $ 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 ,62 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 504,84 8 66,22 6 87,61 7 88,31 1 57,91 7 25,46 4 04,44 1 28,64 9 22,82 7 64,02 3 19,862 9 35,03 5 93,526 seton evreseR laredeF 0 0 0 0 0 0 0 0 0 0 0 0 0 )1( ytrapirt—stnemeerga esahcruper esreveR stisopeD 921,2 6 47 5 93,1 7 39 5 76 7 47,2 5 45,1 4 09,4 0 73,1 7 94 7 99,5 2 66,3 3 06,62 snoitutitsni yrotisopeD 0 0 0 0 0 0 0 0 0 0 0 26,7 0 0 26,7 tnuocca lareneg—yrusaerT .S.U 3 1 1 1 1 3 2 7 3 1 0 5 2 4 7 stnuocca laiciffo—ngieroF 0 0 1 0 2 1 0 0 8 1 0 0 41 2 1 9 32 rehtO 331,2 7 47 6 93,1 8 39 8 76 1 57,2 7 45,1 1 99,4 4 73,1 9 94 8 08,31 5 76,3 6 35,43 stisoped latoT 573,2 1 63 8 42 4 95 4 12 1 76 2 77 2 45 0 93 5 45 1 58 7 45 0 11,8 smeti tiderc derrefeD deurcca dna seitilibail rehtO 612 6 9 1 01 7 8 2 11 6 72 1 12 6 72 1 51 2 11 8 87 7 51 3 85,2 )2( sdnedivid 821,35 1 78,32 1 35,81 6 05,51 6 57,02 5 22,86 4 39,64 9 26,25 3 41,03 3 26,12 0 63,482 8 19,43 5 26,076 SEITILIBAIL LATOT STNUOCCA LATIPAC 638 9 61 7 91 4 03 8 02 7 18 0 74 2 21,2 6 86 6 32 2 58,1 2 34 0 33,8 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 821 7 2 7 2 5 5 3 8 3 31 9 6 4 25 9 8 6 4 5 56 8 6 5 09,1 stnuocca latipac rehtO LATIPAC DNA SEITILIBAIL LATOT 888,45 1 32,42 6 49,81 3 89,51 6 91,12 9 69,96 8 00,84 2 30,75 3 85,13 6 21,22 1 73,882 6 38,53 1 71,886 STNUOCCA STNUOCCA ’STNEGA EVRESER LAREDEF 038,56 8 39,33 8 19,02 4 67,51 2 84,32 9 28,07 9 27,06 7 77,65 5 90,33 8 49,62 7 57,803 1 51,53 9 12,257 gnidnatstuo seton .R.F 524,71 1 72,11 2 31,4 7 78,1 0 37,3 2 03,6 5 23,61 7 59,9 6 68,4 1 84,6 4 48,93 3 16,4 4 28,621 sknaB .R.F yb dleH—sseL 504,84 8 66,22 6 87,61 7 88,31 1 57,91 7 25,46 4 04,44 1 28,64 9 22,82 7 64,02 3 19,862 9 35,03 5 93,526 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 151,216 )3( seitiruces ycnega dna .tvog .S.U 593,526 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