H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 October 31, 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 30, 2002 Oct 23, 2002 Oct 31, 2001 Oct 30, 2002 Reserve Bank Credit 662,420 + 4,754 + 45,244 669,890 U.S. government securities (1) Bought outright-system account (2,3) 608,693 - 1,580 + 65,258 608,665 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) 14,071 + 5,928 - 23,772 20,500 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 3 - 1 - 7 4 Seasonal credit 98 - 18 + 44 85 Extended credit 0 0 0 0 Float 219 - 155 + 365 1,012 Other F.R. assets 39,325 + 579 + 3,357 39,615 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,359 + 14 + 1,392 34,359 Total factors supplying reserve funds 710,022 + 4,769 + 46,634 717,491 Currency in circulation* 662,090 - 753 + 47,539 664,053 Reverse repurchase agreements — triparty (4) 0 0 0 0 Treasury cash holdings* 400 + 1 - 38 397 Deposits, other than reserve balances, with F.R. Banks Treasury 4,799 - 265 - 322 5,388 Foreign 157 - 184 + 45 238 Service-related balances and adjustments (5) 10,183 - 114 + 1,960 10,183 Other 205 - 7 - 31 206 Other F.R. liabilities and capital 19,651 + 260 + 1,772 19,581 Total factors, other than reserve balances, absorbing reserve funds 697,486 - 1,061 + 50,925 700,047 Reserve balances with F.R. Banks (6) 12,536 + 5,830 - 4,291 17,444 On October 30, 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 $ 806,831 million, a change of $ + 3,348 million for the week. The total includes $ 652,337 million of U.S. government securities and $ 154,494 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 $ 19,758 million (daily average over statement week) and $ 19,791 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,758 million (daily average) and $ 19,791 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,734 million (daily average) and $ 2,468 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 $ 1,215 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 $ 9,970 million and adjustments of $ 213 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 30, 2002 Oct 23, 2002 Oct 31, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,079 + 5 - 44 Loans 88 - 19 + 33 Acceptances 0 0 0 Repurchase agreements — triparty (1) 20,500 + 13,000 - 24,550 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright—Bills 206,641 - 1,576 + 23,989 Notes (3) 295,907 + 6 + 37,518 Bonds (4) 106,117 + 4 + 2,871 Total bought outright (5) 608,665 - 1,566 + 64,378 Held under repurchase agreements 0 0 0 Total U.S. government securities 608,665 - 1,566 + 64,378 Total loans and securities 629,263 + 11,415 + 39,860 Items in process of collection (1,201) 9,359 + 1,520 + 1,683 Bank premises 1,528 0 + 15 Other assets (6) 38,080 + 567 + 1,357 TOTAL ASSETS (1,201) 692,547 + 13,507 + 42,865 LIABILITIES Federal Reserve notes 631,165 + 748 + 45,823 Reverse repurchase agreements — triparty (1) 0 0 0 Deposits Depository institutions 28,620 + 12,693 - 4,658 U.S. Treasury—general account 5,388 - 325 + 276 Foreign—official accounts 238 + 110 + 163 Other (-1) 206 + 1 - 65 Total deposits (-1) 34,453 + 12,480 - 4,282 Deferred availability cash items (1,201) 7,347 + 69 - 486 Other liabilities and accrued dividends (7) 2,452 + 28 - 321 TOTAL LIABILITIES (1,201) 675,418 + 13,326 + 40,735 CAPITAL ACCOUNTS Capital paid in 8,271 - 4 + 1,002 Surplus 7,312 0 + 574 Other capital accounts 1,546 + 184 + 553 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 $ 682 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 $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,791 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,468 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 30, 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 82 24,792 - 1,182 0 0 18,500 0 16 days to 90 days 6 129,673 - 314 0 0 2,000 0 91 days to 1 year 0 144,114 - 80 0 0 ——— ——— Over 1 year to 5 years ——— 176,890 + 1 10 0 ——— ——— Over 5 years to 10 years ——— 51,458 + 5 0 0 ——— ——— Over 10 years ——— 81,739 + 5 0 0 ——— ——— Total 88 608,665 - 1,566 10 0 20,500 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,215 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 30, 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 9 4 9 5 1 5 4 5 0 14 0 13 2 13 7 6 5 3 4 7 3 15 9 134 Loans 8 8 0 0 0 0 0 9 9 2 0 2 5 1 7 8 1 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements — triparty (1) 20,50 0 0 20,50 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 206,64 1 11,83 9 81,30 5 7,94 6 11,40 1 16,11 7 14,71 4 24,31 8 7,34 8 3,23 0 6,10 8 4,58 6 17,729 Notes (3) 295,90 7 16,95 4 116,42 8 11,37 8 16,32 7 23,07 9 21,07 0 34,82 2 10,52 2 4,62 6 8,74 7 6,56 7 25,388 Bonds (4) 106,11 7 6,08 0 41,75 3 4,08 0 5,85 5 8,27 6 7,55 6 12,48 8 3,77 3 1,65 9 3,13 7 2,35 5 9,104 Total bought outright (5) 608,66 5 34,87 3 239,48 6 23,40 5 33,58 3 47,47 1 43,33 9 71,62 8 21,64 3 9,51 5 17,99 2 13,50 8 52,221 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 608,66 5 34,87 3 239,48 6 23,40 5 33,58 3 47,47 1 43,33 9 71,62 8 21,64 3 9,51 5 17,99 2 13,50 8 52,221 Total loans and securities 629,26 3 34,87 4 259,99 0 23,40 5 33,58 4 47,47 2 43,34 9 71,63 8 21,66 3 9,54 0 18,01 0 13,51 6 52,223 Items in process of collection 10,55 9 54 5 1,42 6 46 6 31 9 62 8 1,79 2 73 0 43 4 55 4 73 5 47 4 2,456 Bank premises 1,52 8 9 1 18 4 4 9 15 2 12 9 27 9 11 5 4 3 12 5 4 9 13 9 172 Other assets (6) 38,08 0 1,99 7 13,45 0 1,22 5 2,54 0 5,48 5 2,56 4 3,93 6 1,01 6 64 7 1,00 1 83 7 3,384 Interdistrict settlement account 0 - 6,09 4 +33,53 6 - 6,18 6 - 5,68 0 - 2,26 1 - 4,44 9 -13,72 7 - 3,02 4 + 4,14 6 - 2,74 2 +10,00 8 - 3,527 TOTAL ASSETS 693,74 7 32,10 9 313,87 5 19,52 6 31,59 1 52,56 0 44,75 9 64,12 0 20,61 4 15,25 5 17,50 1 25,71 6 56,122 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 $ 682 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 $ 533 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,791 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,468 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 30, 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 631,16 5 28,42 9 290,06 9 17,49 4 27,96 5 45,76 9 40,63 0 58,86 6 19,22 6 13,59 8 15,66 7 24,08 8 49,365 Reverse repurchase agreements—triparty (1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 28,62 0 2,04 8 12,70 0 89 9 1,61 5 1,59 1 2,11 1 2,53 4 60 7 36 7 84 8 67 5 2,624 U.S. Treasury—general account 5,38 8 0 5,38 8 0 0 0 0 0 0 0 0 0 0 Foreign—official accounts 23 8 2 21 4 1 3 7 2 3 1 1 1 1 3 Other 20 6 5 14 2 0 1 5 0 0 3 2 0 1 1 1 Total deposits 34,45 3 2,05 5 18,44 4 90 1 1,61 9 1,64 9 2,11 3 2,54 1 61 0 36 8 85 0 67 6 2,628 Deferred credit items 8,54 9 57 8 83 6 52 8 44 5 68 3 77 2 69 2 25 9 60 7 47 2 47 8 2,198 Other liabilities and accrued dividends (2) 2,45 2 15 0 75 4 10 8 14 2 26 0 20 0 25 9 11 0 8 0 9 7 9 6 197 TOTAL LIABILITIES 676,61 9 31,21 2 310,10 3 19,03 0 30,17 0 48,36 0 43,71 5 62,35 8 20,20 5 14,65 3 17,08 6 25,33 8 54,389 CAPITAL ACCOUNTS Capital paid in 8,27 1 43 4 1,76 9 23 7 69 2 2,06 9 47 1 84 8 19 9 32 8 20 0 18 3 841 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 1,54 6 4 6 49 8 3 7 6 4 37 4 3 9 12 1 6 1 15 6 2 4 3 1 95 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 693,74 7 32,10 9 313,87 5 19,52 6 31,59 1 52,56 0 44,75 9 64,12 0 20,61 4 15,25 5 17,50 1 25,71 6 56,122 FEDERAL RESERVE AGENTS’ ACCOUNTS F.R. notes outstanding 751,56 5 33,77 4 321,91 8 26,13 5 32,55 8 55,60 2 57,52 1 66,79 3 22,55 4 15,31 8 20,33 3 34,08 5 64,972 Less—Held by F.R. Banks 120,40 0 5,34 5 31,84 9 8,64 1 4,59 3 9,83 4 16,89 1 7,92 7 3,32 8 1,72 0 4,66 6 9,99 7 15,607 F.R. notes, net 631,16 5 28,42 9 290,06 9 17,49 4 27,96 5 45,76 9 40,63 0 58,86 6 19,22 6 13,59 8 15,66 7 24,08 8 49,365 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) 617,927 Total collateral 631,165 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.