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 22, 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 21, 2002 Aug 14, 2002 Aug 22, 2001 Aug 21, 2002 Reserve Bank Credit 658,647 + 5,173 + 57,478 665,425 U.S. government securities (1) Bought outright-system account (2,3) 602,139 + 1,922 + 61,318 602,919 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) 19,500 + 6,179 - 5,053 25,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 2 - 13 - 8 2 Seasonal credit 191 + 10 + 27 202 Extended credit 0 0 0 0 Float -293 + 407 - 223 -289 Other F.R. assets 37,098 - 3,331 + 1,418 37,330 Gold stock 11,042 0 - 2 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,093 + 14 + 1,228 34,093 Total factors supplying reserve funds 705,983 + 5,188 + 58,705 712,760 Currency in circulation* 660,348 - 527 + 53,019 660,897 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 371 - 10 - 41 370 Deposits, other than reserve balances, with F.R. Banks Treasury 4,387 - 509 - 926 4,629 Foreign 129 + 53 + 57 89 Service-related balances and adjustments (5) 10,160 + 5 + 2,675 10,160 Other 211 + 10 - 94 202 Other F.R. liabilities and capital 19,701 + 229 + 1,238 19,205 Total factors, other than reserve balances, absorbing reserve funds 695,308 - 748 + 55,928 695,553 Reserve balances with F.R. Banks (6) 10,675 + 5,936 + 2,777 17,207 On August 21, 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 $ 805,388 million, a change of $ + 9,394 million for the week. The total includes $ 651,190 million of U.S. government securities and $ 154,198 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 $ 22,315 million (daily average over statement week) and $ 22,328 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,315 million (daily average) and $ 22,328 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 780 million (daily average) and $ 0 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 $ 1,156 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 $ 9,920 million and adjustments of $ 241 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 21, 2002 Aug 14, 2002 Aug 22, 2001 ASSETS Gold certificate account 11,038 0 - 6 Special drawing rights certificate account 2,200 0 0 Coin 1,017 + 17 - 106 Loans 204 - 81 + 35 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,250 + 9,250 - 9,015 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 203,139 + 1,177 + 19,153 Notes (3) 293,914 + 1,215 + 38,135 Bonds (4) 105,866 + 156 + 4,853 Total bought outright (5) 602,919 + 2,547 + 62,141 Held under repurchase agreements 0 0 0 Total U.S. government securities 602,919 + 2,547 + 62,141 Total loans and securities 628,383 + 11,717 + 53,161 Items in process of collection (1,060) 6,991 + 372 + 150 Bank premises 1,522 + 1 + 10 Other assets (6) 35,737 - 3,601 + 1,463 TOTAL ASSETS (1,060) 686,888 + 8,506 + 54,672 LIABILITIES Federal Reserve notes 628,187 - 915 + 50,458 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 27,273 + 10,315 + 3,214 U.S. Treasury—general account 4,629 - 562 - 486 Foreign—official accounts 89 + 10 + 14 Other (0) 202 + 10 - 83 Total deposits (0) 32,193 + 9,773 + 2,659 Deferred availability cash items (1,060) 7,302 + 153 + 273 Other liabilities and accrued dividends (7) 2,388 - 12 - 680 TOTAL LIABILITIES (1,060) 670,071 + 8,999 + 52,712 CAPITAL ACCOUNTS Capital paid in 8,303 + 16 + 1,134 Surplus 7,312 0 + 562 Other capital accounts 1,203 - 510 + 265 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 $ 647 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 $ 509 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,328 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 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 21, 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 183 24,726 + 1,627 0 0 21,250 0 16 days to 90 days 21 122,596 - 4,643 0 0 4,000 0 91 days to 1 year 0 150,483 + 8,140 0 0 ——— ——— Over 1 year to 5 years ——— 172,143 + 93 10 0 ——— ——— Over 5 years to 10 years ——— 51,258 - 2,749 0 0 ——— ——— Over 10 years ——— 81,714 + 81 0 0 ——— ——— Total 204 602,919 + 2,547 10 0 25,250 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,156 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 21, 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 1,01 7 4 3 4 8 4 8 5 3 13 1 13 1 13 3 6 2 3 3 7 0 14 3 123 Loans 20 4 0 0 0 0 0 7 4 8 3 7 7 7 2 3 8 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 25,25 0 0 25,25 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 203,13 9 11,63 9 79,92 7 7,81 1 11,20 8 15,84 3 14,46 4 23,90 5 7,22 3 3,17 6 6,00 5 4,50 8 17,429 Notes (3) 293,91 4 16,84 0 115,64 4 11,30 2 16,21 7 22,92 3 20,92 8 34,58 8 10,45 1 4,59 5 8,68 8 6,52 3 25,217 Bonds (4) 105,86 6 6,06 6 41,65 4 4,07 1 5,84 1 8,25 7 7,53 8 12,45 8 3,76 4 1,65 5 3,12 9 2,35 0 9,083 Total bought outright (5) 602,91 9 34,54 4 237,22 5 23,18 4 33,26 6 47,02 3 42,93 0 70,95 2 21,43 9 9,42 5 17,82 2 13,38 1 51,728 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 602,91 9 34,54 4 237,22 5 23,18 4 33,26 6 47,02 3 42,93 0 70,95 2 21,43 9 9,42 5 17,82 2 13,38 1 51,728 Total loans and securities 628,38 3 34,54 5 262,47 9 23,18 4 33,26 7 47,02 4 42,93 8 71,00 0 21,47 6 9,50 3 17,84 6 13,38 9 51,732 Items in process of collection 8,05 1 44 2 1,03 8 35 0 42 1 56 2 67 6 82 4 41 2 62 3 32 9 19 3 2,180 Bank premises 1,52 2 9 2 18 3 4 9 15 2 13 0 28 0 11 1 4 3 12 4 4 9 13 8 172 Other assets (6) 35,73 7 1,86 3 12,46 0 1,13 4 2,42 3 5,33 0 2,39 7 3,66 3 93 4 61 2 93 5 78 7 3,199 Interdistrict settlement account 0 - 3,65 3 +16,13 3 - 4,12 6 - 5,56 4 + 79 5 - 93 0 - 9,54 4 - 2,32 8 + 4,01 6 - 1,29 3 +11,18 6 - 4,693 TOTAL ASSETS 687,94 8 33,98 1 297,57 8 21,15 2 31,37 8 54,93 8 46,58 4 67,47 9 21,01 6 15,12 0 18,31 0 26,41 9 53,992 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 $ 647 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 $ 509 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,328 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 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 21, 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 628,18 7 29,31 5 277,46 0 19,41 9 27,74 5 46,33 2 43,11 5 62,37 4 19,61 4 13,59 9 16,41 0 24,92 2 47,880 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 27,27 3 3,05 1 9,88 5 61 0 1,68 1 3,54 0 1,44 3 2,45 1 63 8 34 6 1,10 9 66 5 1,855 U.S. Treasury—general account 4,62 9 0 4,62 9 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 8 9 2 6 5 1 3 7 2 3 1 1 1 1 3 Other 20 2 1 7 13 2 0 1 4 5 0 0 3 0 1 1 0 Total deposits 32,19 3 3,06 9 14,71 0 61 1 1,68 5 3,59 3 1,44 5 2,45 4 64 2 34 7 1,11 1 66 7 1,858 Deferred credit items 8,36 2 57 4 80 2 53 1 42 6 68 4 80 0 72 7 23 6 54 7 27 0 39 7 2,368 Other liabilities and accrued dividends (2) 2,38 8 14 5 74 9 10 6 13 8 22 7 19 9 25 6 10 6 8 0 9 6 9 0 197 TOTAL LIABILITIES 671,13 1 33,10 3 293,72 1 20,66 8 29,99 4 50,83 6 45,56 0 65,81 2 20,59 8 14,57 3 17,88 8 26,07 6 52,303 CAPITAL ACCOUNTS Capital paid in 8,30 3 43 2 1,85 3 23 7 68 8 2,06 0 47 3 81 9 20 1 32 6 20 7 17 0 837 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 1,20 3 2 8 50 1 2 6 3 1 28 4 1 7 5 6 6 7 10 3 2 5 1 0 56 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 687,94 8 33,98 1 297,57 8 21,15 2 31,37 8 54,93 8 46,58 4 67,47 9 21,01 6 15,12 0 18,31 0 26,41 9 53,992 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 746,99 7 34,39 8 311,55 9 26,55 7 32,38 6 55,76 5 59,24 8 68,86 0 23,09 1 15,54 7 20,72 2 34,05 1 64,814 Less—Held by F.R. Banks 118,81 0 5,08 3 34,09 9 7,13 8 4,64 1 9,43 3 16,13 2 6,48 6 3,47 7 1,94 7 4,31 2 9,12 9 16,934 F.R. notes, net 628,18 7 29,31 5 277,46 0 19,41 9 27,74 5 46,33 2 43,11 5 62,37 4 19,61 4 13,59 9 16,41 0 24,92 2 47,880 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) 614,949 Total collateral 628,187 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.