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 April 25, 2002 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 Apr 24, 2002 Apr 17, 2002 Apr 25, 2001 Apr 24, 2002 Reserve Bank Credit 640,408 - 3,606 + 61,219 641,490 U.S. government securities (1) Bought outright-system account (2,3) 580,266 + 1,934 + 54,834 582,038 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) 21,964 - 6,236 + 4,781 21,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 8 + 4 - 21 11 Seasonal credit 56 + 8 + 20 55 Extended credit 0 0 0 0 Float -518 + 180 - 116 -560 Other F.R. assets 38,622 + 504 + 1,722 38,935 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,647 + 14 + 1,265 33,647 Total factors supplying reserve funds 687,298 - 3,592 + 62,481 688,380 Currency in circulation* 643,464 - 334 + 55,463 644,691 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 399 - 4 - 113 393 Deposits,other than reserve balances,with F.R.Banks Treasury 6,994 + 1,037 + 100 6,255 Foreign 82 - 34 - 37 76 Service-related balances and adjustments (5) 10,131 + 78 + 3,100 10,131 Other 232 - 10 - 115 231 Other F.R. liabilities and capital 18,858 + 122 + 887 18,688 Total factors, other than reserve balances, absorbing reserve funds 680,161 + 856 + 59,285 680,465 Reserve balances with F.R. Banks (6) 7,137 - 4,449 + 3,196 7,915 On April 24, 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 $ 737,845 million, a change of $ - 7,163 million for the week. The total includes $ 594,317 million of U.S. government securities and $ 143,528 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 $ 19,762 million (daily average over statement week) and $ 19,394 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,762 million (daily average) and $ 19,394 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 439 million (daily average) and $ 378 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,130 million of inflation-indexed securities valued at the original face amount and $ 1,026 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 $ 9,870 million and adjustments of $ 261 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 Apr 24, 2002 Apr 17, 2002 Apr 25, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 999 - 19 - 122 Loans 66 + 15 0 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 21,000 - 6,200 + 4,493 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 193,713 - 88 + 11,790 Notes (3) 283,086 + 2,001 + 34,800 Bonds (4) 105,239 + 80 + 8,148 Total bought outright (5) 582,038 + 1,992 + 54,738 Held under repurchase agreements 0 0 0 Total U.S. government securities 582,038 + 1,992 + 54,738 Total loans and securities 603,114 - 4,192 + 59,232 Items in process of collection (1,184) 7,393 - 472 - 625 Bank premises 1,515 + 1 + 24 Other assets (6) 37,192 + 610 + 1,700 TOTAL ASSETS (1,184) 663,457 - 4,072 + 60,207 LIABILITIES Federal Reserve notes 612,437 - 33 + 54,351 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 18,106 - 1,885 + 6,974 U.S. Treasury--general account 6,255 - 1,485 - 1,228 Foreign--official accounts 76 0 - 45 Other (0) 231 0 - 99 Total deposits (0) 24,668 - 3,370 + 5,602 Deferred availability cash items (1,184) 7,664 - 799 - 774 Other liabilities and accrued dividends (7) 2,423 + 30 - 1,101 TOTAL LIABILITIES (1,184) 647,191 - 4,173 + 58,076 CAPITAL ACCOUNTS Capital paid in 8,056 + 51 + 1,006 Surplus 7,290 + 8 + 915 Other capital accounts 920 + 42 + 209 *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 $ 6,178 million of inflation-indexed securities valued at the original face amount and $ 597 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,952 million of inflation-indexed securities valued at the original face amount and $ 430 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 378 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, April 24, 2002 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 66 27,661 + 2,651 0 0 17,000 0 16 days to 90 days 0 126,543 - 1,918 0 0 4,000 0 91 days to 1 year 0 132,466 + 547 0 0 ------ ------ Over 1 to 5 years 160,385 + 535 10 0 ------ ------ Over 5 to 10 years 53,551 + 174 0 0 ------ ------ Over 10 years 81,433 + 5 0 0 ------ ------ Total 66 582,038 + 1,992 10 0 21,000 0 1 Includes $ 11,130 million of inflation-indexed securities valued at the original face amount and $ 1,026 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 April 24, 2002 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,044 533 4,369 430 522 819 926 1,080 346 179 309 485 1,046 Special drawing rights certif. acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 999 61 54 53 52 138 86 124 56 37 71 129 137 Loans 66 5 0 1 0 0 0 32 6 15 7 0 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 21,000 0 21,000 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 193,713 11,099 76,219 7,449 10,688 15,108 13,793 22,796 6,888 3,028 5,726 4,299 16,620 Notes (3) 283,086 16,219 111,383 10,885 15,619 22,079 20,157 33,314 10,066 4,425 8,368 6,283 24,288 Bonds (4) 105,239 6,030 41,408 4,047 5,807 8,208 7,493 12,385 3,742 1,645 3,111 2,336 9,029 Total bought outright(5) 582,038 33,348 229,009 22,381 32,114 45,395 41,443 68,494 20,696 9,099 17,205 12,917 49,937 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 582,038 33,348 229,009 22,381 32,114 45,395 41,443 68,494 20,696 9,099 17,205 12,917 49,937 Total loans and securities 603,114 33,353 250,013 22,382 32,114 45,396 41,444 68,527 20,702 9,114 17,212 12,918 49,938 Items in process of collection 8,577 507 999 442 283 464 928 655 414 566 338 555 2,425 Bank premises 1,515 92 181 49 152 131 280 107 43 123 49 137 171 Other assets(6) 37,192 1,959 13,223 1,240 2,449 5,209 2,506 3,861 1,008 631 985 820 3,302 Interdistrict settlement account 0 - 3,642 + 3,057 - 1,694 - 3,158 + 1,382 + 417 - 2,765 - 1,263 + 4,653 - 363 + 7,685 - 4,308 TOTAL ASSETS 664,641 32,978 272,770 22,985 32,519 53,685 46,753 71,802 21,378 15,334 18,667 22,826 52,944 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 $ 6,178 million of inflation-indexed securities valued at the original face amount and $ 597 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 4,952 million of inflation-indexed securities valued at the original face amount and $ 430 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,394 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 378 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 April 24, 2002 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 612,437 30,610 255,858 20,456 29,181 46,623 43,463 66,629 20,139 13,857 17,245 21,283 47,094 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 18,106 730 5,149 1,304 1,405 2,034 1,264 2,592 474 444 648 635 1,427 U.S. Treasury--general account 6,255 0 6,255 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 76 2 52 1 3 7 2 3 1 1 1 1 3 Other 231 8 133 2 1 77 0 1 4 0 4 0 1 Total deposits 24,668 739 11,590 1,306 1,409 2,117 1,267 2,596 479 444 653 636 1,431 Deferred credit items 8,848 592 1,002 650 399 614 800 656 283 552 273 469 2,558 Other liabilities and accrued dividends (2) 2,423 148 740 107 138 257 203 258 106 78 96 93 199 TOTAL LIABILITIES 648,376 32,089 269,190 22,520 31,127 49,612 45,732 70,139 21,007 14,932 18,267 22,481 51,281 CAPITAL ACCOUNTS Capital paid in 8,056 430 1,682 223 680 2,114 450 800 203 306 191 167 808 Surplus 7,290 418 1,504 221 665 1,757 535 793 149 96 191 164 796 Other capital accounts 920 41 394 21 48 202 35 70 18 0 18 14 59 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 664,641 32,978 272,770 22,985 32,519 53,685 46,753 71,802 21,378 15,334 18,667 22,826 52,944 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 747,847 35,310 297,570 27,581 34,046 56,800 61,477 73,591 23,871 16,019 21,273 33,793 66,516 Less--Held by F.R. Banks 135,411 4,700 41,712 7,125 4,865 10,178 18,015 6,963 3,731 2,162 4,028 12,510 19,422 F.R. notes, net 612,437 30,610 255,858 20,456 29,181 46,623 43,463 66,629 20,139 13,857 17,245 21,283 47,094 Collateral held against F.R. notes Gold certificate account 11,044 Special drawing rights certificate account 2,200 Other eligible assets 0 U.S. govt. and agency securities(3) 599,193 Total collateral 612,437 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.