H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 October 10, 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 9, 2002 Oct 2, 2002 Oct 10, 2001 Oct 9, 2002 Reserve Bank Credit 655,648 - 6,000 + 40,105 655,431 U.S. government securities (1) Bought outright-system account (2,3) 609,110 + 3,710 + 68,975 609,516 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) 7,429 - 10,178 - 25,290 7,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 45 + 45 + 37 0 Seasonal credit 136 - 35 + 55 137 Extended credit 0 0 0 0 Float 453 + 390 - 1,284 48 Other F.R. assets 38,466 + 69 - 2,386 38,720 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,135 + 14 + 1,168 34,135 Total factors supplying reserve funds 703,026 - 5,986 + 41,271 702,808 Currency in circulation* 661,489 + 1,544 + 44,847 663,386 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 376 - 3 - 52 381 Deposits, other than reserve balances, with F.R. Banks Treasury 5,106 - 1,076 + 30 4,401 Foreign 116 + 29 - 533 76 Service-related balances and adjustments (5) 10,291 + 121 + 1,964 10,291 Other 252 + 28 - 31 258 Other F.R. liabilities and capital 19,526 + 44 + 1,628 19,422 Total factors, other than reserve balances, absorbing reserve funds 697,157 + 687 + 47,855 698,215 Reserve balances with F.R. Banks (6) 5,869 - 6,674 - 6,585 4,594 On October 9, 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 $ 807,968 million, a change of $ - 4,665 million for the week. The total includes $ 653,287 million of U.S. government securities and $ 154,681 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 $ 19,311 million (daily average over statement week) and $ 18,910 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,311 million (daily average) and $ 18,910 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,063 million (daily average) and $ 1,158 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 $ 1,185 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 $ 9,998 million and adjustments of $ 293 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 9, 2002 Oct 2, 2002 Oct 10, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,072 - 6 - 38 Loans 137 - 20 + 16 Acceptances 0 0 0 Repurchase agreements — triparty (1) 7,000 - 10,250 - 26,505 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 207,522 + 3,316 + 25,969 Notes (3) 295,889 + 6 + 39,332 Bonds (4) 106,104 + 4 + 4,103 Total bought outright (5) 609,516 + 3,326 + 69,405 Held under repurchase agreements 0 0 0 Total U.S. government securities 609,516 + 3,326 + 69,405 Total loans and securities 616,663 - 6,944 + 42,916 Items in process of collection (1,091) 7,517 - 1,294 - 8,571 Bank premises 1,523 + 4 + 13 Other assets (6) 37,190 + 428 + 944 TOTAL ASSETS (1,091) 677,203 - 7,811 + 35,257 LIABILITIES Federal Reserve notes 630,700 + 1,435 + 44,167 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 15,069 - 6,964 - 5,376 U.S. Treasury—general account 4,401 - 759 - 706 Foreign—official accounts 76 - 1 - 527 Other (0) 258 + 10 - 1 Total deposits (0) 19,803 - 7,715 - 6,610 Deferred availability cash items (1,091) 7,278 - 1,626 - 3,884 Other liabilities and accrued dividends (7) 2,454 + 47 - 462 TOTAL LIABILITIES (1,091) 660,234 - 7,861 + 33,210 CAPITAL ACCOUNTS Capital paid in 8,268 + 3 + 1,000 Surplus 7,312 0 + 571 Other capital accounts 1,389 + 46 + 476 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 $ 664 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 $ 521 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,158 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 9, 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 50 18,269 + 1,794 0 0 7,000 0 16 days to 90 days 86 135,392 + 1,957 0 0 0 0 91 days to 1 year 0 145,800 - 434 0 0 ——— ——— Over 1 year to 5 years ——— 176,886 + 1 10 0 ——— ——— Over 5 years to 10 years ——— 51,444 + 5 0 0 ——— ——— Over 10 years ——— 81,726 + 4 0 0 ——— ——— Total 137 609,516 + 3,326 10 0 7,000 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,185 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 9, 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 2 4 6 5 6 5 1 5 4 14 2 13 8 13 3 6 1 3 4 7 1 15 7 128 Loans 13 7 0 0 0 0 0 8 2 2 2 5 4 2 2 1 9 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 7,00 0 0 7,00 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 207,52 2 11,89 0 81,65 2 7,98 0 11,45 0 16,18 5 14,77 6 24,42 1 7,37 9 3,24 4 6,13 4 4,60 6 17,805 Notes (3) 295,88 9 16,95 3 116,42 1 11,37 8 16,32 6 23,07 7 21,06 8 34,82 0 10,52 1 4,62 6 8,74 6 6,56 7 25,386 Bonds (4) 106,10 4 6,07 9 41,74 8 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) 609,51 6 34,92 2 239,82 1 23,43 8 33,63 0 47,53 8 43,40 0 71,72 8 21,67 3 9,52 8 18,01 7 13,52 7 52,294 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 609,51 6 34,92 2 239,82 1 23,43 8 33,63 0 47,53 8 43,40 0 71,72 8 21,67 3 9,52 8 18,01 7 13,52 7 52,294 Total loans and securities 616,66 3 34,92 3 246,82 5 23,43 8 33,63 0 47,53 9 43,40 9 71,75 1 21,69 9 9,57 0 18,03 8 13,53 7 52,305 Items in process of collection 8,60 8 52 1 90 2 40 2 40 8 66 2 64 4 64 5 37 7 49 3 61 9 32 3 2,612 Bank premises 1,52 3 9 1 18 1 4 9 15 2 12 9 27 9 11 5 4 3 12 5 4 9 13 8 172 Other assets (6) 37,19 0 1,94 1 13,05 7 1,25 6 2,48 9 5,41 1 2,49 5 3,83 2 98 1 63 4 97 4 81 6 3,306 Interdistrict settlement account 0 - 7,06 6 +32,10 6 - 5,82 6 - 5,62 7 - 1,19 7 - 3,35 1 -12,24 5 - 2,60 3 + 4,02 4 - 2,77 9 +10,24 4 - 5,679 TOTAL ASSETS 678,29 4 31,10 4 298,36 3 19,88 3 31,73 3 53,65 2 44,70 5 65,52 3 20,97 5 15,08 9 17,34 7 25,79 7 54,124 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 $ 664 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 $ 521 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,910 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,158 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 9, 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 630,70 0 28,74 2 286,38 3 18,20 0 28,13 4 46,42 2 41,34 5 60,28 5 19,36 4 13,57 5 15,84 9 24,21 4 48,186 Reverse repurchase agreements—triparty (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,06 9 72 8 2,03 5 73 0 1,60 7 2,05 9 1,26 2 2,55 6 77 6 35 6 60 5 62 3 1,732 U.S. Treasury—general account 4,40 1 0 4,40 1 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 6 2 5 2 1 3 7 2 3 1 1 1 1 3 Other 25 8 6 14 7 0 0 9 1 1 4 3 2 1 0 0 Total deposits 19,80 3 73 6 6,63 5 73 1 1,61 0 2,15 7 1,26 6 2,56 3 78 0 35 9 60 7 62 4 1,736 Deferred credit items 8,36 9 59 1 87 1 35 0 43 7 65 3 85 7 67 0 31 1 49 1 38 1 49 1 2,266 Other liabilities and accrued dividends (2) 2,45 4 14 8 75 4 10 9 14 1 25 1 19 9 25 8 10 6 8 0 9 5 9 5 218 TOTAL LIABILITIES 661,32 6 30,21 7 294,64 3 19,39 0 30,32 2 49,48 3 43,66 6 63,77 6 20,56 1 14,50 5 16,93 3 25,42 4 52,406 CAPITAL ACCOUNTS Capital paid in 8,26 8 43 2 1,76 9 23 7 69 2 2,06 8 47 4 84 7 19 9 32 8 20 0 18 3 840 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 1,38 9 3 7 44 7 3 5 5 4 34 3 3 1 10 7 6 6 13 8 2 3 2 7 82 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 678,29 4 31,10 4 298,36 3 19,88 3 31,73 3 53,65 2 44,70 5 65,52 3 20,97 5 15,08 9 17,34 7 25,79 7 54,124 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 750,65 4 34,10 7 320,33 1 26,16 5 32,60 1 55,88 0 57,84 6 67,52 8 22,76 0 15,40 0 20,42 9 33,78 2 63,826 Less—Held by F.R. Banks 119,95 4 5,36 5 33,94 7 7,96 5 4,46 6 9,45 8 16,50 1 7,24 3 3,39 6 1,82 5 4,58 0 9,56 8 15,640 F.R. notes, net 630,70 0 28,74 2 286,38 3 18,20 0 28,13 4 46,42 2 41,34 5 60,28 5 19,36 4 13,57 5 15,84 9 24,21 4 48,186 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 936 U.S. govt. and agency securities (3) 616,526 Total collateral 630,700 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.