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 June 6, 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 Jun 5, 2002 May 29, 2002 Jun 6, 2001 Jun 5, 2002 Reserve Bank Credit 651,310 - 4,538 + 63,570 648,795 U.S. government securities (1) Bought outright-system account (2,3) 587,403 - 266 + 59,463 588,363 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) 26,929 - 4,275 + 2,875 22,750 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 0 - 7 - 120 1 Seasonal credit 120 - 9 + 25 107 Extended credit 0 0 0 0 Float -42 + 140 - 497 513 Other F.R. assets 36,890 - 122 + 1,823 37,050 Gold stock 11,044 0 - 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,731 + 14 + 1,169 33,731 Total factors supplying reserve funds 698,284 - 4,524 + 64,736 695,769 Currency in circulation* 654,300 + 352 + 59,095 655,218 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 415 + 3 - 91 412 Deposits,other than reserve balances,with F.R.Banks Treasury 5,338 + 326 + 542 5,776 Foreign 100 - 9 + 17 96 Service-related balances and adjustments (5) 9,799 - 360 + 2,755 9,799 Other 226 + 19 - 106 251 Other F.R. liabilities and capital 19,579 - 122 + 1,670 19,450 Total factors, other than reserve balances, absorbing reserve funds 689,758 + 210 + 63,881 691,002 Reserve balances with F.R. Banks (6) 8,527 - 4,734 + 856 4,767 On June 5, 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 $ 773,148 million, a change of $ + 17,290 million for the week. The total includes $ 622,931 million of U.S. government securities and $ 150,217 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 $ 22,672 million (daily average over statement week) and $ 22,288 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,672 million (daily average) and $ 22,288 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 251 million (daily average) and $ 18 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities. 3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,154 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 $ 9,810 million and adjustments of $ -10 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 Jun 5, 2002 May 29, 2002 Jun 6, 2001 ASSETS Gold certificate account 11,044 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 929 + 1 - 145 Loans 109 - 37 - 5 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 22,750 - 24,675 + 3,700 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 194,372 - 450 + 16,905 Notes (3) 288,576 + 1,247 + 37,157 Bonds (4) 105,415 + 7 + 7,177 Total bought outright (5) 588,363 + 804 + 61,239 Held under repurchase agreements 0 0 0 Total U.S. government securities 588,363 + 804 + 61,239 Total loans and securities 611,231 - 23,909 + 64,933 Items in process of collection (1,322) 8,957 - 1,893 - 2,749 Bank premises 1,514 - 2 + 10 Other assets (6) 35,549 + 2 + 1,942 TOTAL ASSETS (1,322) 671,424 - 25,801 + 63,989 LIABILITIES Federal Reserve notes 622,827 - 1,020 + 58,100 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 14,554 - 25,460 + 4,295 U.S. Treasury--general account 5,776 + 1,829 - 150 Foreign--official accounts 96 - 112 + 14 Other (0) 251 + 41 - 76 Total deposits (0) 20,677 - 23,702 + 4,083 Deferred availability cash items (1,322) 8,470 - 1,223 + 23 Other liabilities and accrued dividends (7) 2,508 - 14 - 862 TOTAL LIABILITIES (1,322) 654,482 - 25,959 + 61,344 CAPITAL ACCOUNTS Capital paid in 8,282 + 15 + 1,221 Surplus 7,312 0 + 728 Other capital accounts 1,349 + 143 + 696 *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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 680 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 474 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 18 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, June 5, 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 19 17,597 - 8,651 0 0 17,750 0 16 days to 90 days 89 137,743 + 9,364 0 0 5,000 0 91 days to 1 year 0 131,539 - 1,710 0 0 ------ ------ Over 1 to 5 years 167,481 + 1,012 10 0 ------ ------ Over 5 to 10 years 52,467 + 782 0 0 ------ ------ Over 10 years 81,536 + 7 0 0 ------ ------ Total 109 588,363 + 804 10 0 22,750 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,154 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 June 5, 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 929 45 48 46 45 127 92 119 55 38 67 121 123 Loans 109 0 0 0 0 0 2 35 18 33 16 2 4 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 22,750 0 22,750 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 194,372 11,136 76,478 7,474 10,724 15,160 13,840 22,874 6,911 3,039 5,746 4,314 16,676 Notes (3) 288,576 16,534 113,543 11,097 15,922 22,507 20,548 33,960 10,261 4,511 8,530 6,404 24,759 Bonds (4) 105,415 6,040 41,477 4,053 5,816 8,222 7,506 12,405 3,748 1,648 3,116 2,340 9,044 Total bought outright(5) 588,363 33,710 231,498 22,624 32,463 45,888 41,894 69,239 20,921 9,198 17,392 13,058 50,479 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 588,363 33,710 231,498 22,624 32,463 45,888 41,894 69,239 20,921 9,198 17,392 13,058 50,479 Total loans and securities 611,231 33,711 254,252 22,625 32,463 45,889 41,896 69,274 20,939 9,231 17,408 13,060 50,484 Items in process of collection 10,279 588 708 418 329 555 1,391 662 470 572 695 566 3,324 Bank premises 1,514 92 181 49 152 130 280 108 43 123 49 138 171 Other assets(6) 35,549 1,856 12,471 1,170 2,386 5,189 2,389 3,653 940 610 934 784 3,168 Interdistrict settlement account 0 - 3,744 + 5,999 - 2,480 - 4,365 + 2,443 + 754 - 4,676 - 1,679 + 4,609 - 783 + 7,934 - 4,012 TOTAL ASSETS 672,746 33,196 278,903 22,340 31,637 55,299 47,895 70,432 21,185 15,391 18,746 23,185 54,539 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 680 million of compensation that adjusts for the effects of inflation on the principal of such securities. 4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 474 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 22,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 18 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 June 5, 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 622,827 30,866 264,238 20,705 28,607 47,666 44,608 65,454 19,786 13,848 17,209 21,692 48,149 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 14,554 633 3,064 627 947 2,080 1,071 2,210 548 402 579 648 1,746 U.S. Treasury--general account 5,776 0 5,776 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 96 2 72 1 3 7 2 3 1 1 1 1 3 Other 251 16 132 0 0 87 0 1 13 0 1 1 0 Total deposits 20,677 651 9,044 628 950 2,174 1,074 2,214 561 402 581 649 1,749 Deferred credit items 9,792 637 972 433 533 925 970 809 295 612 458 403 2,744 Other liabilities and accrued dividends (2) 2,508 151 775 111 148 264 205 268 109 81 98 93 204 TOTAL LIABILITIES 655,804 32,306 275,029 21,878 30,237 51,029 46,857 68,745 20,752 14,943 18,347 22,836 52,846 CAPITAL ACCOUNTS Capital paid in 8,282 432 1,834 223 686 2,119 470 817 208 304 194 169 826 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,349 40 536 18 49 393 33 77 75 26 14 16 71 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 672,746 33,196 278,903 22,340 31,637 55,299 47,895 70,432 21,185 15,391 18,746 23,185 54,539 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 751,995 35,384 305,254 27,177 33,414 57,215 61,208 71,775 23,612 15,854 21,067 33,923 66,112 Less--Held by F.R. Banks 129,168 4,517 41,017 6,473 4,807 9,549 16,600 6,321 3,825 2,005 3,858 12,231 17,963 F.R. notes, net 622,827 30,866 264,238 20,705 28,607 47,666 44,608 65,454 19,786 13,848 17,209 21,692 48,149 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) 609,584 Total collateral 622,827 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.