H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 October 17, 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 16, 2002 Oct 9, 2002 Oct 17, 2001 Oct 16, 2002 Reserve Bank Credit 661,675 + 6,027 + 44,989 667,222 U.S. government securities (1) Bought outright-system account (2,3) 609,633 + 523 + 68,311 610,360 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) 12,536 + 5,107 - 20,618 13,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 - 40 - 2 30 Seasonal credit 124 - 12 + 57 129 Extended credit 0 0 0 0 Float 671 + 218 - 244 4,286 Other F.R. assets 38,696 + 230 - 2,517 38,657 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,149 + 14 + 1,182 34,149 Total factors supplying reserve funds 709,066 + 6,040 + 46,168 714,614 Currency in circulation* 664,218 + 2,729 + 48,179 664,828 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 384 + 8 - 58 399 Deposits, other than reserve balances, with F.R. Banks Treasury 4,327 - 779 - 395 4,592 Foreign 77 - 39 - 555 75 Service-related balances and adjustments (5) 10,298 + 7 + 2,202 10,298 Other 216 - 36 - 41 215 Other F.R. liabilities and capital 19,535 + 9 + 1,577 19,283 Total factors, other than reserve balances, absorbing reserve funds 699,054 + 1,897 + 50,908 699,691 Reserve balances with F.R. Banks (6) 10,012 + 4,143 - 4,740 14,923 On October 16, 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 $ 806,678 million, a change of $ - 1,290 million for the week. The total includes $ 655,304 million of U.S. government securities and $ 151,374 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 $ 18,798 million (daily average over statement week) and $ 18,076 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,798 million (daily average) and $ 18,076 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,282 million (daily average) and $ 1,190 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 $ 1,195 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 $ 300 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 16, 2002 Oct 9, 2002 Oct 17, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,059 - 13 - 46 Loans 159 + 22 + 94 Acceptances 0 0 0 Repurchase agreements — triparty (1) 13,750 + 6,750 - 23,295 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 208,357 + 835 + 24,984 Notes (3) 295,895 + 6 + 37,506 Bonds (4) 106,108 + 4 + 3,847 Total bought outright (5) 610,360 + 844 + 66,336 Held under repurchase agreements 0 0 0 Total U.S. government securities 610,360 + 844 + 66,336 Total loans and securities 624,280 + 7,617 + 43,136 Items in process of collection (1,605) 16,095 + 8,578 + 7,998 Bank premises 1,526 + 3 + 15 Other assets (6) 37,138 - 52 + 627 TOTAL ASSETS (1,605) 693,335 + 16,132 + 51,723 LIABILITIES Federal Reserve notes 632,133 + 1,433 + 47,397 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 25,470 + 10,401 + 175 U.S. Treasury—general account 4,592 + 191 - 446 Foreign—official accounts 75 - 1 - 669 Other (0) 215 - 43 - 41 Total deposits (0) 30,353 + 10,550 - 980 Deferred availability cash items (1,605) 11,567 + 4,289 + 3,757 Other liabilities and accrued dividends (7) 2,393 - 61 - 454 TOTAL LIABILITIES (1,605) 676,445 + 16,211 + 49,720 CAPITAL ACCOUNTS Capital paid in 8,270 + 2 + 999 Surplus 7,312 0 + 568 Other capital accounts 1,309 - 80 + 437 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 $ 670 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 $ 525 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,190 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 16, 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 101 24,991 + 6,722 0 0 11,750 0 16 days to 90 days 58 130,389 - 5,003 0 0 2,000 0 91 days to 1 year 0 144,915 - 885 0 0 ——— ——— Over 1 year to 5 years ——— 176,887 + 1 10 0 ——— ——— Over 5 years to 10 years ——— 51,448 + 4 0 0 ——— ——— Over 10 years ——— 81,730 + 4 0 0 ——— ——— Total 159 610,360 + 844 10 0 13,750 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,195 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 16, 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 1,05 9 4 6 5 2 5 0 5 2 14 1 13 3 13 3 6 2 3 4 7 0 15 6 129 Loans 15 9 0 0 0 0 0 9 2 2 2 4 4 0 1 9 8 37 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 13,75 0 0 13,75 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 208,35 7 11,93 8 81,98 0 8,01 2 11,49 6 16,25 0 14,83 6 24,51 9 7,40 9 3,25 7 6,15 9 4,62 4 17,876 Notes (3) 295,89 5 16,95 3 116,42 3 11,37 8 16,32 6 23,07 8 21,06 9 34,82 1 10,52 1 4,62 6 8,74 7 6,56 7 25,387 Bonds (4) 106,10 8 6,07 9 41,75 0 4,08 0 5,85 5 8,27 6 7,55 5 12,48 7 3,77 3 1,65 9 3,13 7 2,35 5 9,104 Total bought outright (5) 610,36 0 34,97 0 240,15 3 23,47 0 33,67 7 47,60 4 43,46 0 71,82 7 21,70 3 9,54 2 18,04 2 13,54 6 52,366 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 610,36 0 34,97 0 240,15 3 23,47 0 33,67 7 47,60 4 43,46 0 71,82 7 21,70 3 9,54 2 18,04 2 13,54 6 52,366 Total loans and securities 624,28 0 34,97 1 253,90 7 23,47 0 33,67 7 47,60 4 43,47 0 71,85 1 21,72 7 9,58 1 18,06 2 13,55 4 52,404 Items in process of collection 17,69 9 1,09 7 1,54 9 1,19 2 86 5 1,51 5 2,20 0 1,51 4 88 7 89 0 1,26 1 89 3 3,836 Bank premises 1,52 6 9 1 18 3 4 9 15 2 12 9 27 9 11 5 4 3 12 5 4 9 13 8 172 Other assets (6) 37,13 8 1,94 1 13,09 0 1,19 0 2,48 6 5,39 7 2,49 2 3,82 9 98 5 63 1 97 2 81 4 3,311 Interdistrict settlement account 0 - 4,58 5 +30,31 1 - 6,52 9 - 5,69 3 + 1,63 6 - 4,32 9 -13,58 9 - 3,14 8 + 4,02 7 - 2,85 5 + 9,79 1 - 5,036 TOTAL ASSETS 694,94 0 34,21 0 304,32 9 19,93 5 32,16 6 57,38 9 45,33 8 65,14 5 20,97 3 15,49 7 17,93 4 25,92 9 56,095 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 $ 670 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 $ 525 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,190 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 16, 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 632,13 3 28,80 3 287,81 1 17,98 4 28,14 4 46,52 4 41,23 2 60,23 0 19,40 0 13,58 6 15,88 2 24,13 9 48,399 Reverse repurchase agreements—triparty (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 25,47 0 3,44 6 6,02 3 56 3 1,34 7 5,28 8 1,84 4 1,97 0 62 6 44 4 86 1 72 4 2,335 U.S. Treasury—general account 4,59 2 0 4,59 2 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 7 5 2 5 2 1 3 7 2 3 1 1 1 1 3 Other 21 5 7 13 8 0 2 5 8 0 4 3 0 1 1 1 Total deposits 30,35 3 3,45 5 10,80 4 56 4 1,35 2 5,35 4 1,84 6 1,97 7 63 0 44 5 86 3 72 5 2,339 Deferred credit items 13,17 1 92 4 1,26 8 79 3 1,13 0 1,11 7 1,03 2 94 8 42 4 79 7 68 5 59 9 3,454 Other liabilities and accrued dividends (2) 2,39 3 14 5 74 2 10 6 13 8 24 5 19 5 25 4 10 6 8 2 9 5 9 2 194 TOTAL LIABILITIES 678,04 9 33,32 7 300,62 5 19,44 6 30,76 3 53,24 0 44,30 4 63,40 8 20,56 0 14,90 9 17,52 4 25,55 6 54,386 CAPITAL ACCOUNTS Capital paid in 8,27 0 43 2 1,76 9 23 7 69 2 2,06 9 47 4 84 7 19 9 32 8 20 0 18 3 842 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 1,30 9 3 4 43 1 3 0 4 6 32 3 2 6 9 6 6 6 14 2 1 9 2 6 71 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 694,94 0 34,21 0 304,32 9 19,93 5 32,16 6 57,38 9 45,33 8 65,14 5 20,97 3 15,49 7 17,93 4 25,92 9 56,095 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 750,75 2 34,05 7 321,10 6 26,07 7 32,65 5 55,77 5 57,63 6 67,54 7 22,71 1 15,37 8 20,40 4 33,69 5 63,710 Less—Held by F.R. Banks 118,61 9 5,25 4 33,29 5 8,09 3 4,51 1 9,25 2 16,40 4 7,31 7 3,31 1 1,79 3 4,52 3 9,55 5 15,311 F.R. notes, net 632,13 3 28,80 3 287,81 1 17,98 4 28,14 4 46,52 4 41,23 2 60,23 0 19,40 0 13,58 6 15,88 2 24,13 9 48,399 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) 618,895 Total collateral 632,133 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.