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 8, 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 7, 2001 Oct 31, 2001 Nov 8, 2000 Nov 7, 2001 Reserve Bank Credit 609,350 - 7,831 + 47,026 611,462 U.S. government securities (1) Bought outright-system account (2,3) 544,264 + 829 + 33,540 545,603 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) 26,704 - 11,139 + 12,146 27,925 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 77 + 67 + 64 61 Seasonal credit 39 - 15 - 136 37 Extended credit 0 0 0 0 Float -4 + 136 - 1,149 -671 Other F.R. assets 38,261 + 2,293 + 2,682 38,498 Gold stock 11,045 0 - 1 11,045 Special drawing rights certificate account 2,200 0 - 1,000 2,200 Treasury currency outstanding 33,083 + 14 + 1,861 33,083 Total factors supplying reserve funds 655,678 - 7,817 + 47,887 657,790 Currency in circulation* 617,406 + 2,753 + 44,690 619,660 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 436 - 2 + 165 438 Deposits,other than reserve balances,with F.R.Banks Treasury 4,987 - 134 - 86 5,183 Foreign 96 - 16 0 124 Service-related balances and adjustments (5) 7,729 - 494 + 953 7,729 Other 280 + 44 + 23 278 Other F.R. liabilities and capital 18,054 + 175 + 1,189 17,822 Total factors, other than reserve balances, absorbing reserve funds 648,987 + 2,325 + 46,932 651,234 Reserve balances with F.R. Banks (6) 6,692 - 10,140 + 956 6,556 On November 7, 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 $ 731,440 million, a change of $ - 6,235 million for the week. The total includes $ 598,090 million of U.S. government securities and $ 133,350 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 $ 18,784 million (daily average over statement week) and $ 17,604 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 18,784 million (daily average) and $ 17,604 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,878 million (daily average) and $ 1,862 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 $ 918 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 $ 7,486 million and adjustments of $ 242 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 7, 2001 Oct 31, 2001 Nov 8, 2000 ASSETS Gold certificate account 11,045 0 - 1 Special drawing rights certificate account 2,200 0 - 1,000 Coin 1,116 - 7 + 210 Loans 97 + 42 - 62 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 27,925 - 17,125 + 15,950 Federal agency obligations (2) Bought outright 10 0 - 120 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 183,958 + 1,306 - 1,362 Notes (3) 258,395 + 6 + 22,381 Bonds (4) 103,250 + 4 + 10,570 Total bought outright (5) 545,603 + 1,316 + 31,588 Held under repurchase agreements 0 0 0 Total U.S. government securities 545,603 + 1,316 + 31,588 Total loans and securities 573,635 - 15,768 + 47,356 Items in process of collection (1,077) 8,746 + 1,070 - 1,492 Bank premises 1,518 + 5 + 83 Other assets (6) 37,230 + 507 + 1,967 TOTAL ASSETS (1,077) 635,490 - 14,192 + 47,123 LIABILITIES Federal Reserve notes 588,131 + 2,789 + 43,665 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 15,609 - 17,669 + 2,271 U.S. Treasury--general account 5,183 + 71 - 276 Foreign--official accounts 124 + 49 + 52 Other (0) 278 + 7 + 49 Total deposits (0) 21,194 - 17,541 + 2,096 Deferred availability cash items (1,077) 8,343 + 510 + 594 Other liabilities and accrued dividends (7) 2,752 - 21 - 1,520 TOTAL LIABILITIES (1,077) 620,420 - 14,263 + 44,835 CAPITAL ACCOUNTS Capital paid in 7,274 + 5 + 286 Surplus 6,742 + 4 + 4,063 Other capital accounts 1,054 + 61 - 2,061 *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 $ 563 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 $ 355 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,604 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,862 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 7, 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 73 16,085 - 3,553 0 0 17,925 0 16 days to 90 days 24 123,672 + 10,234 0 0 10,000 0 91 days to 1 year 0 128,752 - 5,375 0 0 ------ ------ Over 1 to 5 years 147,078 0 10 0 ------ ------ Over 5 to 10 years 50,209 + 5 0 0 ------ ------ Over 10 years 79,806 + 4 0 0 ------ ------ Total 97 545,603 + 1,316 10 0 27,925 0 1 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 918 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 7, 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 1,116 58 72 45 69 177 131 126 62 33 70 126 147 Loans 97 0 0 0 55 0 9 12 4 4 8 2 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 27,925 0 27,925 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 183,958 11,053 75,355 7,556 10,770 10,990 12,650 20,835 6,630 574 5,678 3,335 18,533 Notes (3) 258,395 15,525 105,847 10,613 15,128 15,437 17,768 29,265 9,313 806 7,975 4,684 26,033 Bonds (4) 103,250 6,203 42,295 4,241 6,045 6,168 7,100 11,694 3,721 322 3,187 1,872 10,402 Total bought outright(5) 545,603 32,781 223,497 22,410 31,942 32,595 37,517 61,794 19,665 1,702 16,840 9,891 54,968 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 545,603 32,781 223,497 22,410 31,942 32,595 37,517 61,794 19,665 1,702 16,840 9,891 54,968 Total loans and securities 573,635 32,782 251,426 22,410 31,998 32,595 37,527 61,807 19,670 1,706 16,849 9,893 54,973 Items in process of collection 9,823 577 1,036 547 424 566 909 188 603 637 558 562 3,216 Bank premises 1,518 92 174 49 152 132 285 110 41 123 49 137 172 Other assets(6) 37,230 1,939 13,557 1,299 2,203 4,983 2,464 3,545 1,015 688 1,015 826 3,696 Interdistrict settlement account 0 - 2,883 -13,025 - 2,075 - 2,199 +11,554 + 2,132 + 6,348 + 140 + 7,494 - 987 + 3,144 - 9,644 TOTAL ASSETS 636,567 33,227 258,565 22,813 33,289 50,896 44,484 73,365 21,944 10,856 17,936 15,263 53,929 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 $ 563 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 $ 355 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 17,604 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,862 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 7, 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 588,131 30,895 243,562 21,168 30,507 44,258 41,502 68,159 20,775 9,452 16,612 13,679 47,561 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 15,609 683 4,390 410 902 2,019 797 2,577 473 415 474 686 1,784 U.S. Treasury--general account 5,183 0 5,183 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 124 2 100 1 2 7 2 3 1 1 1 1 3 Other 278 5 136 0 0 115 1 1 0 1 12 4 4 Total deposits 21,194 690 9,809 411 905 2,141 800 2,581 473 417 486 690 1,791 Deferred credit items 9,420 596 1,111 636 451 729 837 781 260 633 333 438 2,615 Other liabilities and accrued dividends (2) 2,752 169 899 125 164 238 228 293 117 64 111 93 251 TOTAL LIABILITIES 621,497 32,349 255,381 22,340 32,027 47,366 43,367 71,814 21,626 10,566 17,542 14,901 52,218 CAPITAL ACCOUNTS Capital paid in 7,274 421 1,472 222 613 1,757 539 746 149 177 189 163 827 Surplus 6,742 358 1,468 228 472 1,679 495 632 138 113 179 188 792 Other capital accounts 1,054 98 244 23 177 95 84 173 31 0 27 11 91 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 636,567 33,227 258,565 22,813 33,289 50,896 44,484 73,365 21,944 10,856 17,936 15,263 53,929 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 743,635 36,163 287,568 28,912 35,648 55,799 64,474 75,681 23,508 11,970 20,903 33,090 69,918 Less--Held by F.R. Banks 155,505 5,268 44,005 7,744 5,141 11,541 22,971 7,522 2,733 2,518 4,291 19,412 22,357 F.R. notes, net 588,131 30,895 243,562 21,168 30,507 44,258 41,502 68,159 20,775 9,452 16,612 13,679 47,561 Collateral held against F.R. notes Gold certificate account 11,045 Special drawing rights certificate account 2,200 Other eligible assets 1,348 U.S. govt. and agency securities(3) 573,538 Total collateral 588,131 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.