FEDERAL RESERVE These data are scheduled for release each Thursday. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 7, 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 Nov 6, 2002 Oct 30, 2002 Nov 7, 2001 Nov 6, 2002 Reserve Bank Credit 660,583 - 1,859 + 51,242 659,377 U.S. government securities (1) Bought outright-system account (2,3) 608,652 - 41 + 64,388 608,770 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) 12,036 - 2,035 - 14,668 10,000 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 355 + 352 + 278 7 Seasonal credit 67 - 31 + 28 62 Extended credit 0 0 0 0 Float 56 - 161 + 70 900 Other F.R. assets 39,407 + 57 + 1,146 39,628 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 34,373 + 14 + 1,399 34,373 Total factors supplying reserve funds 708,199 - 1,845 + 52,639 706,993 Currency in circulation* 663,937 + 1,847 + 46,641 666,227 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 395 - 5 - 41 386 Deposits,other than reserve balances,with F.R.Banks Treasury 5,338 + 539 + 351 4,807 Foreign 116 - 41 + 20 72 Service-related balances and adjustments (5) 10,424 + 241 + 2,700 10,424 Other 245 + 40 - 35 243 Other F.R. liabilities and capital 19,855 + 204 + 1,801 19,571 Total factors, other than reserve balances, absorbing reserve funds 700,311 + 2,825 + 51,438 701,730 Reserve balances with F.R. Banks (6) 7,888 - 4,670 + 1,201 5,263 On November 6, 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 $ 807,595 million, a change of $ + 764 million for the week. The total includes $ 657,408 million of U.S. government securities and $ 150,187 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 $ 19,808 million (daily average over statement week) and $ 19,693 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 19,808 million (daily average) and $ 19,693 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 2,136 million (daily average) and $ 2,718 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 $ 1,222 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 $ 10,056 million and adjustments of $ 368 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 6, 2002 Oct 30, 2002 Nov 7, 2001 ASSETS Gold certificate account 11,038 0 - 7 Special drawing rights certificate account 2,200 0 0 Coin 1,079 0 - 37 Loans 69 - 19 - 28 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 10,000 - 10,500 - 17,925 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 206,739 + 98 + 22,781 Notes (3) 295,911 + 4 + 37,516 Bonds (4) 106,120 + 3 + 2,870 Total bought outright (5) 608,770 + 105 + 63,167 Held under repurchase agreements 0 0 0 Total U.S. government securities 608,770 + 105 + 63,167 Total loans and securities 618,848 - 10,415 + 45,213 Items in process of collection (1,897) 9,285 - 74 + 539 Bank premises 1,529 + 1 + 11 Other assets (6) 38,117 + 37 + 887 TOTAL ASSETS (1,897) 682,097 - 10,450 + 46,607 LIABILITIES Federal Reserve notes 633,315 + 2,150 + 45,184 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,669 - 12,951 + 60 U.S. Treasury--general account 4,807 - 581 - 376 Foreign--official accounts 72 - 166 - 52 Other (0) 243 + 37 - 35 Total deposits (0) 20,791 - 13,662 - 403 Deferred availability cash items (1,897) 8,420 + 1,073 + 77 Other liabilities and accrued dividends (7) 2,439 - 13 - 313 TOTAL LIABILITIES (1,897) 664,965 - 10,453 + 44,545 CAPITAL ACCOUNTS Capital paid in 8,280 + 9 + 1,006 Surplus 7,312 0 + 570 Other capital accounts 1,540 - 6 + 486 *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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 685 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 $ 536 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,693 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,718 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 6, 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 30 19,889 - 4,903 0 0 10,000 0 16 days to 90 days 38 136,133 + 6,460 0 0 0 0 91 days to 1 year 0 143,363 - 751 0 0 ------ ------ Over 1 to 5 years 176,183 - 707 10 0 ------ ------ Over 5 to 10 years 51,461 + 3 0 0 ------ ------ Over 10 years 81,741 + 2 0 0 ------ ------ Total 69 608,770 + 105 10 0 10,000 0 1 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,222 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 6, 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 11,038 533 4,363 430 522 819 926 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 1,079 48 51 57 49 142 131 137 64 35 73 161 130 Loans 69 0 0 0 0 0 7 9 20 16 11 6 0 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 10,000 0 10,000 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 206,739 11,845 81,344 7,950 11,407 16,124 14,721 24,329 7,351 3,232 6,111 4,588 17,737 Notes (3) 295,911 16,954 116,429 11,379 16,327 23,079 21,070 34,823 10,522 4,626 8,747 6,567 25,388 Bonds (4) 106,120 6,080 41,754 4,081 5,855 8,277 7,556 12,488 3,773 1,659 3,137 2,355 9,105 Total bought outright(5) 608,770 34,879 239,527 23,409 33,589 47,480 43,347 71,640 21,647 9,517 17,995 13,511 52,230 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 608,770 34,879 239,527 23,409 33,589 47,480 43,347 71,640 21,647 9,517 17,995 13,511 52,230 Total loans and securities 618,848 34,880 249,531 23,409 33,589 47,480 43,354 71,651 21,667 9,533 18,007 13,516 52,231 Items in process of collection 11,182 610 864 793 498 837 1,160 890 514 598 689 612 3,118 Bank premises 1,529 91 184 49 152 129 279 115 43 125 49 139 173 Other assets(6) 38,117 1,998 13,438 1,224 2,551 5,513 2,563 3,937 1,015 649 1,002 837 3,391 Interdistrict settlement account 0 - 7,317 +38,383 - 6,223 - 5,874 - 2,700 - 4,969 -15,393 - 3,120 + 4,209 - 2,910 +10,182 - 4,268 TOTAL ASSETS 683,994 30,959 307,688 19,821 31,591 52,368 43,610 62,629 20,600 15,359 17,285 26,029 56,054 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 $ 685 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 $ 536 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 19,693 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,718 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 6, 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 633,315 28,327 292,141 17,748 27,997 45,647 40,296 58,281 19,229 13,613 15,710 24,432 49,894 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,669 964 5,118 701 952 1,457 1,186 1,556 549 376 601 580 1,629 U.S. Treasury--general account 4,807 0 4,807 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 72 2 48 1 3 7 2 3 1 1 1 1 3 Other 243 11 140 1 0 82 0 4 3 0 1 0 0 Total deposits 20,791 977 10,113 703 955 1,546 1,188 1,563 553 376 603 581 1,632 Deferred credit items 10,317 608 935 770 1,071 713 882 766 292 679 463 547 2,592 Other liabilities and accrued dividends (2) 2,439 146 751 107 147 255 197 259 106 80 96 93 201 TOTAL LIABILITIES 666,862 30,058 303,940 19,328 30,169 48,161 42,563 60,870 20,181 14,748 16,871 25,652 54,320 CAPITAL ACCOUNTS Capital paid in 8,280 434 1,769 238 692 2,069 471 848 199 329 200 183 848 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,540 48 475 34 65 381 41 118 71 163 24 30 91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 683,994 30,959 307,688 19,821 31,591 52,368 43,610 62,629 20,600 15,359 17,285 26,029 56,054 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 753,486 33,722 324,087 26,036 32,705 55,470 57,261 66,682 22,514 15,343 20,283 34,218 65,164 Less--Held by F.R. Banks 120,171 5,395 31,946 8,289 4,708 9,824 16,964 8,401 3,285 1,730 4,573 9,785 15,270 F.R. notes, net 633,315 28,327 292,141 17,748 27,997 45,647 40,296 58,281 19,229 13,613 15,710 24,432 49,894 Collateral held against F.R. notes Gold certificate account 11,038 Special drawing rights certificate account 2,200 Other eligible assets 1,297 U.S. govt. and agency securities(3) 618,780 Total collateral 633,315 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.