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 15, 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 14, 2002 Aug 7, 2002 Aug 15, 2001 Aug 14, 2002 Reserve Bank Credit 653,477 - 4,095 + 54,875 656,621 U.S. government securities (1) Bought outright-system account (2,3) 600,217 + 109 + 60,671 600,372 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) 13,321 - 4,072 - 7,348 16,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 15 + 9 + 8 93 Seasonal credit 181 + 2 - 4 192 Extended credit 0 0 0 0 Float -697 - 499 - 700 -984 Other F.R. assets 40,429 + 355 + 2,246 40,939 Gold stock 11,042 0 - 2 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,011 + 14 + 1,192 34,011 Total factors supplying reserve funds 700,730 - 4,081 + 56,065 703,875 Currency in circulation* 660,808 - 63 + 54,039 661,747 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 381 + 4 - 35 371 Deposits, other than reserve balances, with F.R. Banks Treasury 4,896 - 129 - 177 5,191 Foreign 76 - 23 - 2 79 Service-related balances and adjustments (5) 10,155 - 55 + 2,702 10,155 Other 201 - 28 - 110 192 Other F.R. liabilities and capital 19,472 + 265 + 1,095 19,710 Total factors, other than reserve balances, absorbing reserve funds 695,988 - 30 + 57,511 697,445 Reserve balances with F.R. Banks (6) 4,742 - 4,051 - 1,445 6,430 On August 14, 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 $ 795,994 million, a change of $ + 1,977 million for the week. The total includes $ 643,019 million of U.S. government securities and $ 152,975 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 $ 23,354 million (daily average over statement week) and $ 23,255 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,925 million (daily average) and $ 23,255 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,687 million (daily average) and $ 1,381 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 $ 1,154 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 $ 9,919 million and adjustments of $ 236 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 14, 2002 Aug 7, 2002 Aug 15, 2001 ASSETS Gold certificate account 11,038 0 - 6 Special drawing rights certificate account 2,200 0 0 Coin 1,000 + 28 - 112 Loans 285 + 105 + 93 Acceptances 0 0 0 Repurchase agreements — triparty (1) 16,000 - 10,000 - 11,345 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 201,962 - 952 + 17,619 Notes (3) 292,699 + 1 + 38,306 Bonds (4) 105,710 0 + 4,699 Total bought outright (5) 600,372 - 950 + 60,626 Held under repurchase agreements 0 0 0 Total U.S. government securities 600,372 - 950 + 60,626 Total loans and securities 616,666 - 10,846 + 49,373 Items in process of collection (1,072) 6,619 - 942 - 677 Bank premises 1,521 + 2 + 11 Other assets (6) 39,338 + 767 + 5,617 TOTAL ASSETS (1,072) 678,382 - 10,992 + 54,208 LIABILITIES Federal Reserve notes 629,102 - 529 + 52,375 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 16,958 - 10,145 - 479 U.S. Treasury—general account 5,191 - 125 + 1,122 Foreign—official accounts 79 + 5 + 8 Other (0) 192 - 11 - 130 Total deposits (0) 22,420 - 10,276 + 521 Deferred availability cash items (1,072) 7,149 - 740 - 160 Other liabilities and accrued dividends (7) 2,400 + 23 - 662 TOTAL LIABILITIES (1,072) 661,072 - 11,521 + 52,075 CAPITAL ACCOUNTS Capital paid in 8,287 + 3 + 1,127 Surplus 7,312 0 + 565 Other capital accounts 1,713 + 527 + 442 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 $ 646 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 $ 508 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 23,255 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,381 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 14, 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 144 23,099 + 1,759 0 0 13,000 0 16 days to 90 days 141 127,239 - 2,101 0 0 3,000 0 91 days to 1 year 0 142,343 - 610 0 0 ——— ——— Over 1 year to 5 years ——— 172,050 0 10 0 ——— ——— Over 5 years to 10 years ——— 54,007 + 1 0 0 ——— ——— Over 10 years ——— 81,633 + 1 0 0 ——— ——— Total 285 600,372 - 950 10 0 16,000 0 1 Includes $ 12,242 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.

H.4.1 (b) Statement of Condition of Each Federal Reserve Bank on August 14, 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 1,00 0 4 2 4 8 4 5 5 4 12 9 12 8 12 9 6 1 3 3 6 7 14 3 122 Loans 28 5 0 0 0 9 0 0 7 4 0 3 8 7 7 2 0 7 5 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 16,00 0 0 16,00 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 201,96 2 11,57 1 79,46 4 7,76 6 11,14 3 15,75 2 14,38 1 23,76 7 7,18 1 3,15 7 5,97 0 4,48 2 17,328 Notes (3) 292,69 9 16,77 0 115,16 6 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 9,070 Total bought outright (5) 600,37 2 34,39 8 236,22 3 23,08 6 33,12 5 46,82 5 42,74 9 70,65 2 21,34 8 9,38 5 17,74 7 13,32 4 51,509 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 600,37 2 34,39 8 236,22 3 23,08 6 33,12 5 46,82 5 42,74 9 70,65 2 21,34 8 9,38 5 17,74 7 13,32 4 51,509 Total loans and securities 616,66 6 34,39 9 252,22 7 23,08 6 33,21 6 46,82 5 42,75 7 70,69 3 21,38 6 9,46 2 17,76 7 13,33 2 51,515 Items in process of collection 7,69 1 46 4 64 7 49 4 21 4 54 3 65 4 72 4 36 2 52 6 44 0 32 8 2,295 Bank premises 1,52 1 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) 39,33 8 2,07 0 13,82 1 1,27 3 2,63 0 5,64 3 2,65 7 4,08 6 1,05 9 67 2 1,04 3 86 9 3,514 Interdistrict settlement account 0 - 5,82 8 +22,37 5 - 4,16 2 - 6,12 2 - 60 4 - 1,40 1 - 9,29 9 - 2,29 2 + 4,19 0 - 1,96 4 +10,59 9 - 5,491 TOTAL ASSETS 679,45 5 31,88 6 294,53 7 21,29 8 30,77 0 53,63 2 46,16 7 67,73 7 21,03 6 15,21 6 17,77 7 25,99 0 53,406 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 $ 646 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 $ 508 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 23,255 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,381 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 14, 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 629,10 2 29,60 2 277,37 2 19,45 5 28,08 6 46,37 8 43,02 5 63,38 8 19,82 3 13,59 3 16,36 9 24,51 1 47,500 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 16,95 8 67 7 6,29 6 71 0 74 8 2,06 0 1,04 2 1,69 0 41 4 39 9 60 0 66 5 1,658 U.S. Treasury—general account 5,19 1 0 5,19 1 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 9 2 5 5 1 3 7 2 3 1 1 1 1 3 Other 19 2 9 12 9 0 1 4 8 0 1 2 0 1 1 0 Total deposits 22,42 0 68 8 11,67 1 71 1 75 2 2,11 4 1,04 4 1,69 4 41 6 39 9 60 2 66 7 1,661 Deferred credit items 8,22 2 54 0 76 8 52 1 36 2 71 8 83 3 66 7 26 3 61 4 27 2 36 5 2,298 Other liabilities and accrued dividends (2) 2,40 0 14 7 75 4 10 8 13 7 22 7 20 1 25 8 10 7 7 7 9 7 9 1 195 TOTAL LIABILITIES 662,14 4 30,97 7 290,56 6 20,79 6 29,33 6 49,43 7 45,10 2 66,00 8 20,61 0 14,68 4 17,34 0 25,63 4 51,654 CAPITAL ACCOUNTS Capital paid in 8,28 7 43 2 1,85 2 23 7 68 8 2,06 0 47 3 81 8 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 1,71 3 5 9 61 5 4 4 8 1 37 8 5 7 11 8 7 5 10 2 3 9 2 3 121 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 679,45 5 31,88 6 294,53 7 21,29 8 30,77 0 53,63 2 46,16 7 67,73 7 21,03 6 15,21 6 17,77 7 25,99 0 53,406 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 747,41 8 34,63 1 311,75 3 26,38 8 32,51 9 55,88 4 59,05 6 69,61 0 23,18 1 15,58 9 20,73 7 33,70 7 64,362 Less—Held by F.R. Banks 118,31 6 5,02 9 34,38 1 6,93 2 4,43 3 9,50 6 16,03 1 6,22 2 3,35 8 1,99 6 4,36 8 9,19 6 16,862 F.R. notes, net 629,10 2 29,60 2 277,37 2 19,45 5 28,08 6 46,37 8 43,02 5 63,38 8 19,82 3 13,59 3 16,36 9 24,51 1 47,500 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) 615,864 Total collateral 629,102 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.