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. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 23, 2001 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 Nov 21, 2001 Nov 14, 2001 Nov 22, 2000 Nov 21, 2001 Reserve Bank Credit 619,225 + 3,223 + 51,224 623,390 U.S. government securities (1) Bought outright-system account (2,3) 549,068 + 3,031 + 36,043 549,166 Held under repurchase agreements 0 0 0 0 Federal agency obligations (1) Bought outright 10 0 - 120 10 Held under repurchase agreements 0 0 0 0 Repurchase agreements -- triparty (4) 34,257 + 3,253 + 14,639 36,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 33 - 57 - 383 4 Seasonal credit 30 - 1 - 118 31 Extended credit 0 0 0 0 Float 601 + 529 - 351 2,391 Other F.R. assets 35,226 - 3,532 + 1,514 35,538 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,111 + 14 + 1,800 33,111 Total factors supplying reserve funds 665,581 + 3,237 + 52,024 669,746 Currency in circulation* 622,985 + 1,615 + 46,435 626,282 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 436 - 2 + 147 428 Deposits,other than reserve balances,with F.R.Banks Treasury 5,603 + 913 + 428 4,627 Foreign 172 + 23 + 80 163 Service-related balances and adjustments (5) 8,242 + 450 + 1,642 8,242 Other 274 + 18 + 36 257 Other F.R. liabilities and capital 17,766 - 201 + 11 17,606 Total factors, other than reserve balances, absorbing reserve funds 655,478 + 2,815 + 48,780 657,605 Reserve balances with F.R. Banks (6) 10,103 + 422 + 3,244 12,141 On November 21, 2001, 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 $ 740,922 million, a change of $ + 4,554 million for the week. The total includes $ 608,839 million of U.S. government securities and $ 132,083 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 $ 18,764 million (daily average over statement week) and $ 19,434 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,764 million (daily average) and $ 19,434 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 4,371 million (daily average) and $ 4,544 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 940 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 $ 7,804 million and adjustments of $ 438 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. Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of Dollars Change Since * Wednesday Wednesday Wednesday Nov 21, 2001 Nov 14, 2001 Nov 22, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,074 - 33 + 169 Loans 35 + 5 - 111 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 36,250 - 1,505 + 11,635 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 184,655 + 1,149 + 772 Notes (3) 261,475 + 935 + 24,230 Bonds (4) 103,035 - 219 + 10,350 Total bought outright (5) 549,166 + 1,866 + 35,353 Held under repurchase agreements 0 0 0 Total U.S. government securities 549,166 + 1,866 + 35,353 Total loans and securities 585,460 + 365 + 46,756 Items in process of collection (1,094) 9,608 - 5,063 + 1,136 Bank premises 1,519 + 1 + 76 Other assets (6) 34,225 - 3,407 + 1,703 TOTAL ASSETS (1,094) 645,131 - 8,137 + 48,838 LIABILITIES Federal Reserve notes 594,673 + 3,154 + 44,481 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 19,627 - 7,198 + 3,357 U.S. Treasury--general account 4,627 - 720 + 214 Foreign--official accounts 163 - 308 + 92 Other (0) 257 - 5 + 24 Total deposits (0) 24,674 - 8,230 + 3,687 Deferred availability cash items (1,094) 8,178 - 3,063 + 733 Other liabilities and accrued dividends (7) 2,696 - 48 - 1,672 TOTAL LIABILITIES (1,094) 630,221 - 8,188 + 47,229 CAPITAL ACCOUNTS Capital paid in 7,281 + 4 + 251 Surplus 6,730 - 5 + 4,051 Other capital accounts 899 + 51 - 2,693 *Figures in parentheses are the eliminations made in the consolidation process. 1 Cash value of agreements arranged through third-party custodial banks. 2 Face value of the securities. 3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 576 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 364 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,544 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. Components may not add to totals due to rounding. MATURITY DISTRIBUTION OF LOANS AND SECURITIES, November 21, 2001 Millions of dollars U.S. government Federal agency Reverse Loans securities (1,2) obligations(2) Repurchase Repurchase Weekly Weekly Agreements Agreements Holdings changes Holdings changes Triparty(3) Triparty(3) Within 15 days 31 21,887 - 848 0 0 22,250 0 16 days to 90 days 4 115,019 - 2,360 0 0 14,000 0 91 days to 1 year 0 130,027 + 675 0 0 ------ ------ Over 1 to 5 years 150,147 + 2,339 10 0 ------ ------ Over 5 to 10 years 53,245 + 3,031 0 0 ------ ------ Over 10 years 78,840 - 971 0 0 ------ ------ Total 35 549,166 + 1,866 10 0 36,250 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 940 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 November 21, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,045 546 4,451 454 538 741 871 1,028 343 143 317 477 1,136 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 1,074 55 71 43 65 173 117 123 58 33 69 130 138 Loans 35 1 0 0 0 0 4 11 4 3 7 2 3 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 36,250 0 36,250 0 0 0 0 0 0 0 0 0 0 Federal agency obligations(2) Bought outright 10 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 184,655 11,094 75,641 7,585 10,811 11,031 12,697 20,914 6,656 576 5,699 3,347 18,604 Notes (3) 261,475 15,710 107,109 10,740 15,308 15,621 17,980 29,614 9,424 816 8,071 4,740 26,343 Bonds (4) 103,035 6,191 42,207 4,232 6,032 6,155 7,085 11,670 3,714 321 3,180 1,868 10,381 Total bought outright(5) 549,166 32,995 224,956 22,556 32,151 32,807 37,762 62,197 19,794 1,713 16,950 9,955 55,327 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 549,166 32,995 224,956 22,556 32,151 32,807 37,762 62,197 19,794 1,713 16,950 9,955 55,327 Total loans and securities 585,460 32,996 261,211 22,557 32,151 32,808 37,767 62,210 19,798 1,716 16,958 9,957 55,332 Items in process of collection 10,702 557 986 539 403 1,019 1,362 827 782 566 634 496 2,530 Bank premises 1,519 93 175 49 152 133 286 110 41 123 49 137 172 Other assets(6) 34,225 1,761 12,403 1,178 2,025 4,748 2,247 3,209 909 665 923 768 3,389 Interdistrict settlement account 0 - 1,928 -21,525 - 649 - 1,629 +10,732 + 3,611 + 6,996 + 640 + 9,708 - 950 + 3,485 - 8,490 TOTAL ASSETS 646,226 34,195 258,644 24,254 33,810 50,500 46,426 74,715 22,642 12,984 18,066 15,548 54,441 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 576 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 364 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,544 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 November 21, 2001 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 594,673 31,102 242,782 22,137 30,462 44,178 43,165 68,600 21,365 11,717 16,507 14,140 48,519 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 19,627 1,479 5,798 919 1,506 1,694 1,051 3,506 562 344 573 555 1,639 U.S. Treasury--general account 4,627 0 4,627 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 163 2 139 1 2 7 2 3 1 1 1 1 3 Other 257 1 132 0 2 100 1 1 0 0 15 1 3 Total deposits 24,674 1,482 10,696 920 1,510 1,802 1,054 3,510 563 345 589 557 1,646 Deferred credit items 9,272 578 1,140 607 431 779 876 724 284 580 473 403 2,396 Other liabilities and accrued dividends (2) 2,696 166 872 123 160 239 224 287 115 62 109 92 248 TOTAL LIABILITIES 631,316 33,328 255,490 23,787 32,563 46,998 45,320 73,120 22,327 12,704 17,678 15,192 52,809 CAPITAL ACCOUNTS Capital paid in 7,281 421 1,472 222 613 1,757 543 775 149 179 189 163 798 Surplus 6,730 358 1,468 228 472 1,679 495 632 138 101 179 188 792 Other capital accounts 899 88 214 17 162 67 69 188 28 0 21 5 41 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 646,226 34,195 258,644 24,254 33,810 50,500 46,426 74,715 22,642 12,984 18,066 15,548 54,441 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 746,713 35,941 287,856 28,829 35,451 55,705 65,030 75,634 24,116 14,095 20,895 33,259 69,902 Less--Held by F.R. Banks 152,040 4,838 45,074 6,693 4,989 11,527 21,865 7,034 2,751 2,379 4,389 19,119 21,383 F.R. notes, net 594,673 31,102 242,782 22,137 30,462 44,178 43,165 68,600 21,365 11,717 16,507 14,140 48,519 Collateral held against F.R. notes Gold certificate account 11,045 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 581,428 Total collateral 594,673 1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and federal 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.