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. August 8, 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 Aug 7, 2002 Jul 31, 2002 Aug 8, 2001 Aug 7, 2002 Reserve Bank Credit 657,571 + 2,073 + 60,065 667,153 U.S. government securities (1) Bought outright-system account (2,3) 600,108 - 34 + 63,409 601,322 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) 17,393 + 1,964 - 4,871 26,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 6 - 17 - 41 4 Seasonal credit 179 - 1 0 176 Extended credit 0 0 0 0 Float -199 + 287 - 474 -554 Other F.R. assets 40,074 - 126 + 2,041 40,195 Gold stock 11,042 - 2 - 2 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,997 + 14 + 1,224 33,997 Total factors supplying reserve funds 704,810 + 2,086 + 61,288 714,393 Currency in circulation* 660,871 + 1,293 + 55,374 662,278 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 377 - 4 - 38 382 Deposits, other than reserve balances, with F.R. Banks Treasury 5,025 - 754 + 352 5,316 Foreign 99 + 5 - 7 74 Service-related balances and adjustments (5) 10,210 - 12 + 2,609 10,210 Other 229 + 13 - 81 203 Other F.R. liabilities and capital 19,207 + 6 + 1,174 19,158 Total factors, other than reserve balances, absorbing reserve funds 696,018 + 547 + 59,384 697,621 Reserve balances with F.R. Banks (6) 8,792 + 1,538 + 1,904 16,771 On August 7, 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 $ 794,017 million, a change of $ - 3,984 million for the week. The total includes $ 642,039 million of U.S. government securities and $ 151,978 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 $ 22,795 million (daily average over statement week) and $ 22,239 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,259 million (daily average) and $ 22,239 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,277 million (daily average) and $ 775 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,152 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 $ 9,962 million and adjustments of $ 248 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 Aug 7, 2002 Jul 31, 2002 Aug 8, 2001 ASSETS Gold certificate account 11,038 0 - 6 Special drawing rights certificate account 2,200 0 0 Coin 972 + 25 - 143 Loans 180 - 6 - 2 Acceptances 0 0 0 Repurchase agreements — triparty (1) 26,000 + 6,500 - 2,495 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 202,914 - 55 + 21,702 Notes (3) 292,698 + 921 + 38,068 Bonds (4) 105,710 + 1 + 4,941 Total bought outright (5) 601,322 + 867 + 64,711 Held under repurchase agreements 0 0 0 Total U.S. government securities 601,322 + 867 + 64,711 Total loans and securities 627,512 + 7,361 + 62,214 Items in process of collection (919) 7,561 + 1,063 - 702 Bank premises 1,519 0 + 12 Other assets (6) 38,571 + 378 + 2,014 TOTAL ASSETS (919) 689,374 + 8,828 + 63,390 LIABILITIES Federal Reserve notes 629,631 + 1,163 + 53,562 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 27,103 + 7,920 + 7,768 U.S. Treasury—general account 5,316 - 926 + 514 Foreign—official accounts 74 - 90 - 5 Other (0) 203 - 33 - 102 Total deposits (0) 32,696 + 6,871 + 8,176 Deferred availability cash items (919) 7,889 + 576 + 361 Other liabilities and accrued dividends (7) 2,377 + 14 - 692 TOTAL LIABILITIES (919) 672,593 + 8,624 + 61,407 CAPITAL ACCOUNTS Capital paid in 8,284 + 18 + 1,116 Surplus 7,312 0 + 583 Other capital accounts 1,186 + 187 + 284 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 645 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 507 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,239 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 775 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, August 7, 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 21,340 - 265 0 0 23,000 0 16 days to 90 days 114 129,340 + 5,090 0 0 3,000 0 91 days to 1 year 0 142,953 - 4,435 0 0 ——— ——— Over 1 year to 5 years ——— 172,050 + 475 10 0 ——— ——— Over 5 years to 10 years ——— 54,006 + 1 0 0 ——— ——— Over 10 years ——— 81,632 0 0 0 ——— ——— Total 180 601,322 + 867 10 0 26,000 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,152 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 August 7, 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 11,03 8 53 3 4,36 3 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 97 2 4 2 5 1 4 2 4 7 12 9 12 6 12 4 5 8 3 2 6 6 13 9 117 Loans 18 0 1 0 1 0 0 7 3 5 3 6 7 2 1 8 7 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 26,00 0 0 26,00 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 202,91 4 11,62 6 79,83 9 7,80 3 11,19 6 15,82 6 14,44 8 23,87 9 7,21 5 3,17 2 5,99 8 4,50 3 17,409 Notes (3) 292,69 8 16,77 0 115,16 5 11,25 5 16,15 0 22,82 8 20,84 1 34,44 5 10,40 8 4,57 6 8,65 2 6,49 6 25,112 Bonds (4) 105,71 0 6,05 7 41,59 3 4,06 5 5,83 3 8,24 5 7,52 7 12,44 0 3,75 9 1,65 3 3,12 5 2,34 6 9,069 Total bought outright (5) 601,32 2 34,45 3 236,59 7 23,12 3 33,17 8 46,89 9 42,81 7 70,76 4 21,38 2 9,40 0 17,77 5 13,34 5 51,591 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 601,32 2 34,45 3 236,59 7 23,12 3 33,17 8 46,89 9 42,81 7 70,76 4 21,38 2 9,40 0 17,77 5 13,34 5 51,591 Total loans and securities 627,51 2 34,45 5 262,60 1 23,12 3 33,17 8 46,90 0 42,82 4 70,80 0 21,41 8 9,47 2 17,79 3 13,35 2 51,596 Items in process of collection 8,48 0 48 9 97 6 35 4 18 3 54 6 67 4 63 3 39 0 59 2 57 8 33 9 2,727 Bank premises 1,51 9 9 1 18 3 4 9 15 2 13 0 27 9 11 1 4 3 12 4 4 9 13 7 172 Other assets (6) 38,57 1 2,02 5 13,58 0 1,27 6 2,57 2 5,52 1 2,60 2 3,99 8 1,03 6 65 7 1,02 0 84 8 3,436 Interdistrict settlement account 0 - 3,68 1 +16,12 7 - 4,24 7 - 5,39 7 - 1,15 2 - 39 6 - 7,48 2 - 2,16 0 + 4,16 0 - 1,36 6 +10,86 1 - 5,266 TOTAL ASSETS 690,29 3 34,06 8 298,75 4 21,11 1 31,36 1 53,03 9 47,20 1 69,47 6 21,20 1 15,24 6 18,51 6 26,25 9 54,061 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 645 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 507 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,239 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 775 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 August 7, 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 629,63 1 29,67 7 276,56 5 19,57 4 28,05 9 46,24 8 43,63 7 63,45 5 19,83 4 13,64 9 16,44 7 24,74 6 47,739 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,10 3 2,75 8 11,14 3 59 2 1,38 7 1,72 8 1,50 0 3,45 5 54 6 40 1 1,13 3 73 4 1,726 U.S. Treasury—general account 5,31 6 0 5,31 6 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 4 2 5 0 1 3 7 2 3 1 1 1 1 3 Other 20 3 8 13 4 0 1 5 3 0 1 5 0 1 0 0 Total deposits 32,69 6 2,76 8 16,64 2 59 3 1,39 1 1,78 8 1,50 2 3,45 8 55 1 40 2 1,13 5 73 5 1,730 Deferred credit items 8,80 8 59 6 92 9 35 2 39 7 70 7 83 2 63 0 29 4 59 8 42 2 34 5 2,706 Other liabilities and accrued dividends (2) 2,37 7 14 4 75 0 10 7 13 5 22 6 19 9 25 6 10 6 7 8 9 6 8 9 192 TOTAL LIABILITIES 673,51 1 33,18 6 294,88 6 20,62 6 29,98 3 48,96 9 46,17 1 67,79 9 20,78 5 14,72 6 18,10 0 25,91 4 52,367 CAPITAL ACCOUNTS Capital paid in 8,28 4 43 2 1,85 2 23 6 68 6 2,06 0 47 3 81 9 20 1 31 2 20 7 16 9 836 Surplus 7,31 2 41 8 1,50 4 22 1 66 5 1,75 7 53 5 79 3 14 9 11 8 19 1 16 4 796 Other capital accounts 1,18 6 3 2 51 3 2 7 2 7 25 3 2 3 6 5 6 6 8 9 1 7 1 2 62 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 690,29 3 34,06 8 298,75 4 21,11 1 31,36 1 53,03 9 47,20 1 69,47 6 21,20 1 15,24 6 18,51 6 26,25 9 54,061 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 747,92 5 34,69 0 311,12 5 26,47 2 32,55 6 56,00 3 59,35 3 69,70 4 23,23 1 15,59 7 20,80 1 33,71 2 64,680 Less—Held by F.R. Banks 118,29 4 5,01 3 34,56 0 6,89 8 4,49 7 9,75 5 15,71 5 6,24 9 3,39 7 1,94 8 4,35 4 8,96 6 16,941 F.R. notes, net 629,63 1 29,67 7 276,56 5 19,57 4 28,05 9 46,24 8 43,63 7 63,45 5 19,83 4 13,64 9 16,44 7 24,74 6 47,739 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities (3) 616,393 Total collateral 629,631 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.