H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 October 3, 2002 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 Oct 2, 2002 Sep 25, 2002 Oct 3, 2001 Oct 2, 2002 Reserve Bank Credit 661,670 + 5,713 + 48,682 661,268 U.S. government securities (1) Bought outright-system account (2,3) 605,400 + 158 + 70,885 606,190 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) 17,607 + 5,393 - 23,643 17,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 0 - 1 - 11 1 Seasonal credit 171 + 3 + 88 156 Extended credit 0 0 0 0 Float 77 + 3 + 648 -592 Other F.R. assets 38,404 + 158 + 713 38,254 Gold stock 11,042 0 - 3 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 709,034 + 5,728 + 49,844 708,632 Currency in circulation* 659,945 + 422 + 46,847 661,938 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 379 + 7 - 43 376 Deposits, other than reserve balances, with F.R. Banks Treasury 6,182 - 650 - 1,546 5,160 Foreign 87 + 7 - 532 77 Service-related balances and adjustments (5) 10,170 - 75 + 2,154 10,170 Other 224 - 10 - 11 248 Other F.R. liabilities and capital 19,482 + 59 + 1,627 19,327 Total factors, other than reserve balances, absorbing reserve funds 696,470 - 239 + 48,497 697,295 Reserve balances with F.R. Banks (6) 12,564 + 5,966 + 1,347 11,337 On October 2, 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 $ 812,633 million, a change of $ + 8,198 million for the week. The total includes $ 656,740 million of U.S. government securities and $ 155,894 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 $ 23,013 million (daily average over statement week) and $ 22,226 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 23,013 million (daily average) and $ 22,226 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,537 million (daily average) and $ 1,396 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 $ 1,175 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 $ 9,938 million and adjustments of $ 232 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 Oct 2, 2002 Sep 25, 2002 Oct 3, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,078 + 12 - 44 Loans 157 - 18 + 72 Acceptances 0 0 0 Repurchase agreements — triparty (1) 17,250 + 1,750 - 15,505 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 204,206 - 63 + 24,930 Notes (3) 295,883 + 2 + 39,326 Bonds (4) 106,100 + 2 + 4,099 Total bought outright (5) 606,190 - 58 + 68,356 Held under repurchase agreements 0 0 0 Total U.S. government securities 606,190 - 58 + 68,356 Total loans and securities 623,607 + 1,674 + 52,923 Items in process of collection (1,383) 8,811 + 1,953 - 1,263 Bank premises 1,519 - 3 + 10 Other assets (6) 36,762 - 200 + 929 TOTAL ASSETS (1,383) 685,014 + 3,436 + 52,547 LIABILITIES Federal Reserve notes 629,265 + 1,362 + 45,485 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 22,033 + 2,078 + 6,655 U.S. Treasury—general account 5,160 - 2,049 - 812 Foreign—official accounts 77 + 2 - 532 Other (0) 248 + 16 - 35 Total deposits (0) 27,518 + 47 + 5,276 Deferred availability cash items (1,383) 8,904 + 1,977 + 122 Other liabilities and accrued dividends (7) 2,407 - 25 - 519 TOTAL LIABILITIES (1,383) 668,095 + 3,360 + 50,365 CAPITAL ACCOUNTS Capital paid in 8,265 + 11 + 999 Surplus 7,312 0 + 567 Other capital accounts 1,343 + 65 + 618 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 $ 658 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 $ 517 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,226 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,396 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, October 2, 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 35 16,475 - 7,960 0 0 15,250 0 16 days to 90 days 122 133,435 + 7,660 0 0 2,000 0 91 days to 1 year 0 146,234 - 993 0 0 ——— ——— Over 1 year to 5 years ——— 176,885 + 1,231 10 0 ——— ——— Over 5 years to 10 years ——— 51,439 + 2 0 0 ——— ——— Over 10 years ——— 81,722 + 2 0 0 ——— ——— Total 157 606,190 - 58 10 0 17,250 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,175 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 October 2, 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 1,07 8 4 5 5 6 5 0 5 6 14 3 14 0 13 4 6 2 3 5 7 1 15 5 131 Loans 15 7 0 0 0 0 1 8 3 6 2 9 4 3 2 0 1 0 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 17,25 0 0 17,25 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 204,20 6 11,70 0 80,34 7 7,85 2 11,26 7 15,92 7 14,54 0 24,03 1 7,26 1 3,19 2 6,03 6 4,53 2 17,520 Notes (3) 295,88 3 16,95 3 116,41 8 11,37 8 16,32 5 23,07 7 21,06 8 34,82 0 10,52 1 4,62 5 8,74 6 6,56 7 25,386 Bonds (4) 106,10 0 6,07 9 41,74 6 4,08 0 5,85 4 8,27 5 7,55 5 12,48 6 3,77 3 1,65 9 3,13 6 2,35 5 9,103 Total bought outright (5) 606,19 0 34,73 1 238,51 2 23,31 0 33,44 6 47,27 8 43,16 3 71,33 7 21,55 5 9,47 6 17,91 9 13,45 3 52,009 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 606,19 0 34,73 1 238,51 2 23,31 0 33,44 6 47,27 8 43,16 3 71,33 7 21,55 5 9,47 6 17,91 9 13,45 3 52,009 Total loans and securities 623,60 7 34,73 2 255,76 6 23,31 0 33,44 7 47,28 0 43,17 2 71,37 4 21,58 5 9,52 0 17,93 9 13,46 3 52,019 Items in process of collection 10,19 4 60 4 86 8 55 0 49 7 83 9 90 2 80 4 46 2 54 4 56 4 42 4 3,135 Bank premises 1,51 9 9 1 18 0 4 9 15 2 12 9 27 9 11 2 4 3 12 5 4 9 13 8 172 Other assets (6) 36,76 2 1,91 7 12,90 1 1,23 6 2,46 6 5,37 8 2,46 2 3,77 8 96 6 62 4 96 1 80 5 3,269 Interdistrict settlement account 0 - 5,64 2 +27,02 9 - 5,37 4 - 5,59 2 - 86 2 - 2,85 9 -12,22 4 - 2,53 4 + 4,42 0 - 1,92 3 +10,63 9 - 5,078 TOTAL ASSETS 686,39 7 32,39 5 302,03 7 20,33 4 31,65 2 53,87 4 45,18 9 65,26 9 21,00 0 15,47 6 18,03 6 26,20 8 54,927 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 $ 658 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 $ 517 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,226 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,396 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 October 2, 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 629,26 5 28,62 8 284,50 7 18,42 6 28,15 2 46,25 4 41,61 1 60,50 4 19,30 2 13,65 3 15,80 1 24,43 2 47,995 Reverse repurchase agreements—triparty (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 22,03 3 2,05 2 6,81 0 84 2 1,46 2 2,25 0 1,37 2 1,96 1 79 2 52 8 1,14 5 82 9 1,991 U.S. Treasury—general account 5,16 0 0 5,16 0 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 7 2 5 3 1 3 7 2 3 1 1 1 1 3 Other 24 8 5 13 6 0 0 9 8 1 0 4 0 1 0 1 Total deposits 27,51 8 2,05 9 12,15 9 84 3 1,46 5 2,35 6 1,37 5 1,96 4 79 7 52 8 1,14 7 83 0 1,995 Deferred credit items 10,28 7 67 2 90 7 46 9 48 8 85 1 96 7 81 4 38 5 63 7 58 1 48 2 3,034 Other liabilities and accrued dividends (2) 2,40 7 14 6 74 9 10 7 13 9 24 6 19 5 25 6 10 5 8 1 9 7 9 2 194 TOTAL LIABILITIES 669,47 7 31,50 5 298,32 2 19,84 5 30,24 5 49,70 6 44,14 9 63,53 8 20,58 8 14,89 8 17,62 7 25,83 6 53,219 CAPITAL ACCOUNTS Capital paid in 8,26 5 43 2 1,76 9 23 7 69 2 2,06 8 47 3 84 7 19 9 32 8 20 0 18 3 838 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 1,34 3 4 0 44 2 3 1 5 0 34 2 3 2 9 1 6 4 13 2 1 8 2 6 75 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 686,39 7 32,39 5 302,03 7 20,33 4 31,65 2 53,87 4 45,18 9 65,26 9 21,00 0 15,47 6 18,03 6 26,20 8 54,927 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 750,80 4 34,16 9 319,44 1 26,24 5 32,65 8 55,95 8 58,06 7 67,66 2 22,79 4 15,41 6 20,45 2 33,91 5 64,027 Less—Held by F.R. Banks 121,53 8 5,54 1 34,93 4 7,81 9 4,50 6 9,70 3 16,45 6 7,15 8 3,49 2 1,76 3 4,65 1 9,48 3 16,032 F.R. notes, net 629,26 5 28,62 8 284,50 7 18,42 6 28,15 2 46,25 4 41,61 1 60,50 4 19,30 2 13,65 3 15,80 1 24,43 2 47,995 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) 616,027 Total collateral 629,265 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.