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. September 5, 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 Sep 4, 2002 Aug 28, 2002 Sep 5, 2001 Sep 4, 2002 Reserve Bank Credit 665,138 + 9,488 + 56,213 668,066 U.S. government securities (1) Bought outright-system account (2,3) 603,083 - 687 + 61,031 603,687 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) 23,821 + 10,357 - 6,064 25,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 93 - 690 + 72 45 Seasonal credit 177 - 21 + 63 166 Extended credit 0 0 0 0 Float 137 + 158 - 395 1,502 Other F.R. assets 37,816 + 369 + 1,505 37,657 Gold stock 11,042 0 - 2 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,121 + 14 + 1,164 34,121 Total factors supplying reserve funds 712,501 + 9,502 + 57,375 715,430 Currency in circulation* 664,203 + 4,275 + 50,846 665,733 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 361 - 8 - 55 360 Deposits, other than reserve balances, with F.R. Banks Treasury 4,795 - 1,218 - 457 4,601 Foreign 94 + 16 + 17 128 Service-related balances and adjustments (5) 10,184 + 40 + 2,615 10,184 Other 205 + 2 - 82 223 Other F.R. liabilities and capital 19,557 + 263 + 1,473 19,378 Total factors, other than reserve balances, absorbing reserve funds 699,398 + 3,369 + 54,356 700,607 Reserve balances with F.R. Banks (6) 13,103 + 6,133 + 3,019 14,822 On September 4, 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 $ 805,544 million, a change of $ + 3,810 million for the week. The total includes $ 652,490 million of U.S. government securities and $ 153,054 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 $ 23,238 million (daily average over statement week) and $ 22,736 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 23,238 million (daily average) and $ 22,736 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 146 million (daily average) and $ 36 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 $ 1,160 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 $ 9,921 million and adjustments of $ 263 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 Sep 4, 2002 Aug 28, 2002 Sep 5, 2001 ASSETS Gold certificate account 11,038 0 - 6 Special drawing rights certificate account 2,200 0 0 Coin 1,020 - 1 - 59 Loans 211 + 22 + 16 Acceptances 0 0 0 Repurchase agreements — triparty (1) 25,000 + 9,000 - 6,215 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 203,055 - 717 + 18,926 Notes (3) 294,641 + 1 + 38,447 Bonds (4) 105,990 + 1 + 3,980 Total bought outright (5) 603,687 - 714 + 61,354 Held under repurchase agreements 0 0 0 Total U.S. government securities 603,687 - 714 + 61,354 Total loans and securities 628,908 + 8,308 + 55,155 Items in process of collection (1,200) 13,213 + 6,587 0 Bank premises 1,520 - 2 + 10 Other assets (6) 36,130 - 126 + 1,542 TOTAL ASSETS (1,200) 694,029 + 14,766 + 56,642 LIABILITIES Federal Reserve notes 632,988 + 3,256 + 49,923 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 25,668 + 7,819 + 4,731 U.S. Treasury—general account 4,601 - 490 + 243 Foreign—official accounts 128 + 51 + 55 Other (0) 223 + 24 - 85 Total deposits (0) 30,622 + 7,406 + 4,946 Deferred availability cash items (1,200) 11,042 + 4,092 + 68 Other liabilities and accrued dividends (7) 2,405 + 13 - 644 TOTAL LIABILITIES (1,200) 677,057 + 14,767 + 54,293 CAPITAL ACCOUNTS Capital paid in 8,248 0 + 1,056 Surplus 7,312 0 + 577 Other capital accounts 1,413 0 + 717 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 $ 649 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 $ 510 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,736 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 36 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, September 4, 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 74 16,947 - 8,310 0 0 22,000 0 16 days to 90 days 137 129,569 + 6,013 0 0 3,000 0 91 days to 1 year 0 148,420 - 1,205 0 0 ——— ——— Over 1 year to 5 years ——— 175,653 + 2,785 10 0 ——— ——— Over 5 years to 10 years ——— 51,381 + 1 0 0 ——— ——— Over 10 years ——— 81,716 + 1 0 0 ——— ——— Total 211 603,687 - 714 10 0 25,000 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,160 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 September 4, 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 1,02 0 4 0 4 6 4 7 5 3 13 2 13 4 13 2 6 1 3 2 6 9 14 8 127 Loans 21 1 0 0 0 0 0 8 3 6 2 8 6 7 1 8 9 45 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 25,00 0 0 25,00 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 203,05 5 11,63 4 79,89 4 7,80 8 11,20 4 15,83 7 14,45 8 23,89 6 7,22 0 3,17 4 6,00 2 4,50 6 17,421 Notes (3) 294,64 1 16,88 1 115,93 0 11,33 0 16,25 7 22,98 0 20,98 0 34,67 3 10,47 7 4,60 6 8,71 0 6,53 9 25,279 Bonds (4) 105,99 0 6,07 3 41,70 3 4,07 6 5,84 8 8,26 6 7,54 7 12,47 3 3,76 9 1,65 7 3,13 3 2,35 2 9,093 Total bought outright (5) 603,68 7 34,58 8 237,52 7 23,21 3 33,30 8 47,08 3 42,98 5 71,04 2 21,46 6 9,43 7 17,84 5 13,39 8 51,794 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 603,68 7 34,58 8 237,52 7 23,21 3 33,30 8 47,08 3 42,98 5 71,04 2 21,46 6 9,43 7 17,84 5 13,39 8 51,794 Total loans and securities 628,90 8 34,58 9 262,53 1 23,21 4 33,30 9 47,08 4 42,99 4 71,07 9 21,49 4 9,50 5 17,86 3 13,40 7 51,840 Items in process of collection 14,41 3 1,01 5 1,53 6 67 5 97 4 1,10 8 1,18 7 1,08 9 70 3 82 4 93 6 70 8 3,659 Bank premises 1,52 0 9 1 18 2 4 9 15 2 13 0 27 9 11 1 4 3 12 5 4 9 13 8 171 Other assets (6) 36,13 0 1,88 0 12,56 0 1,21 7 2,44 3 5,38 7 2,42 5 3,70 0 93 6 61 5 94 6 79 2 3,229 Interdistrict settlement account 0 - 2,43 7 +13,34 5 - 4,37 4 - 4,96 6 + 8 - 1,17 4 - 8,10 7 - 2,02 8 + 4,28 8 - 1,79 4 +11,04 9 - 3,811 TOTAL ASSETS 695,22 9 35,82 6 295,43 8 21,34 0 32,59 2 54,81 5 46,93 6 69,29 6 21,62 6 15,59 8 18,44 4 26,82 4 56,495 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 $ 649 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 $ 510 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,736 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 36 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 September 4, 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 632,98 8 29,40 1 280,43 4 19,27 2 28,16 8 46,65 5 43,04 4 62,62 4 19,76 6 13,64 4 16,44 1 24,98 2 48,557 Reverse repurchase agreements—triparty (1 ) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 25,66 8 4,48 0 4,39 9 91 5 2,11 6 2,60 3 1,65 1 3,70 6 98 5 55 2 95 6 76 7 2,539 U.S. Treasury—general account 4,60 1 0 4,60 1 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 12 8 2 10 5 1 3 7 2 3 1 1 1 1 3 Other 22 3 1 0 13 2 0 0 7 5 0 0 4 0 1 1 0 Total deposits 30,62 2 4,49 1 9,23 7 91 7 2,11 9 2,68 5 1,65 3 3,71 0 98 9 55 2 95 8 76 8 2,542 Deferred credit items 12,24 2 89 6 1,28 7 55 3 76 1 1,04 1 99 6 97 5 34 5 76 0 53 3 61 4 3,479 Other liabilities and accrued dividends (2) 2,40 5 14 5 74 8 10 8 13 8 24 4 20 0 25 6 10 6 7 9 9 6 9 1 195 TOTAL LIABILITIES 678,25 6 34,93 3 291,70 6 20,84 9 31,18 6 50,62 5 45,89 3 67,56 5 21,20 6 15,03 6 18,02 8 26,45 5 54,774 CAPITAL ACCOUNTS Capital paid in 8,24 8 43 2 1,76 9 23 7 68 8 2,06 7 47 3 83 6 20 1 32 6 19 9 18 2 838 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 1,41 3 4 2 45 9 3 2 5 3 36 6 3 6 10 2 6 9 11 8 2 6 2 3 87 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 695,22 9 35,82 6 295,43 8 21,34 0 32,59 2 54,81 5 46,93 6 69,29 6 21,62 6 15,59 8 18,44 4 26,82 4 56,495 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 747,34 2 34,29 2 313,59 0 26,48 2 32,60 8 55,79 6 58,70 4 68,59 3 22,99 4 15,50 6 20,63 9 33,88 5 64,251 Less—Held by F.R. Banks 114,35 4 4,89 0 33,15 6 7,21 1 4,44 0 9,14 1 15,66 0 5,96 9 3,22 9 1,86 2 4,19 8 8,90 4 15,694 F.R. notes, net 632,98 8 29,40 1 280,43 4 19,27 2 28,16 8 46,65 5 43,04 4 62,62 4 19,76 6 13,64 4 16,44 1 24,98 2 48,557 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) 619,750 Total collateral 632,988 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.