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 27, 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 26, 2002 Jun 19, 2002 Jun 27, 2001 Jun 26, 2002 Reserve Bank Credit 656,063 + 5,275 + 69,072 665,859 U.S. government securities (1) Bought outright-system account (2,3) 591,688 + 334 + 56,679 592,390 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) 25,821 + 3,785 + 10,890 34,250 Acceptances 0 0 0 0 Loans to depository institutions Adjustment credit 5 + 2 - 9 1 Seasonal credit 162 + 31 + 24 179 Extended credit 0 0 0 0 Float -148 + 355 - 295 112 Other F.R. assets 38,524 + 768 + 1,782 38,917 Gold stock 11,044 0 0 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding 33,773 + 14 + 1,129 33,773 Total factors supplying reserve funds 703,079 + 5,289 + 70,201 712,876 Currency in circulation* 655,245 + 599 + 61,266 657,842 Reverse repurchase agreements -- triparty (4) 0 0 0 0 Treasury cash holdings* 397 - 10 - 47 395 Deposits,other than reserve balances,with F.R.Banks Treasury 6,963 + 1,069 + 215 7,620 Foreign 104 - 20 + 25 74 Service-related balances and adjustments (5) 10,303 + 55 + 3,004 10,303 Other 237 - 18 - 42 239 Other F.R. liabilities and capital 20,253 + 434 + 2,153 20,129 Total factors, other than reserve balances, absorbing reserve funds 693,500 + 2,108 + 66,573 696,601 Reserve balances with F.R. Banks (6) 9,579 + 3,181 + 3,627 16,274 On June 26, 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 $ 777,042 million, a change of $ + 3,400 million for the week. The total includes $ 620,828 million of U.S. government securities and $ 156,213 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 $ 22,530 million (daily average over statement week) and $ 21,836 million (outstanding on Wednesday statement date) matched sale-purchase transactions, of which $ 22,530 million (daily average) and $ 21,836 million (outstanding on Wednesday statement date) were with foreign official and international accounts. Includes securities loans of $ 1,495 million (daily average) and $ 817 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 $ 1,204 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 $ 9,917 million and adjustments of $ 386 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 26, 2002 Jun 19, 2002 Jun 27, 2001 ASSETS Gold certificate account 11,044 0 0 Special drawing rights certificate account 2,200 0 0 Coin 931 - 14 - 189 Loans 180 + 30 + 28 Acceptances 0 0 0 Repurchase agreements -- triparty (1) 34,250 + 13,500 + 14,745 Federal agency obligations (2) Bought outright 10 0 0 Held under repurchase agreements 0 0 0 U.S. government securities (2) Bought outright--Bills 198,350 + 187 + 17,139 Notes (3) 288,604 + 9 + 34,379 Bonds (4) 105,436 + 7 + 5,682 Total bought outright (5) 592,390 + 203 + 57,199 Held under repurchase agreements 0 0 0 Total U.S. government securities 592,390 + 203 + 57,199 Total loans and securities 626,830 + 13,733 + 71,972 Items in process of collection (1,011) 7,238 + 122 - 650 Bank premises 1,518 + 1 + 13 Other assets (6) 37,399 + 931 + 2,126 TOTAL ASSETS (1,011) 687,160 + 14,773 + 73,273 LIABILITIES Federal Reserve notes 625,395 + 1,872 + 60,431 Reverse repurchase agreements -- triparty (1) 0 0 0 Deposits Depository institutions 26,603 + 12,262 + 10,137 U.S. Treasury--general account 7,620 + 721 + 763 Foreign--official accounts 74 - 39 + 1 Other (0) 239 - 12 - 40 Total deposits (0) 34,536 + 12,932 + 10,861 Deferred availability cash items (1,011) 7,099 - 453 - 281 Other liabilities and accrued dividends (7) 2,583 + 29 - 722 TOTAL LIABILITIES (1,011) 669,614 + 14,381 + 70,290 CAPITAL ACCOUNTS Capital paid in 8,330 + 10 + 1,191 Surplus 7,312 0 + 641 Other capital accounts 1,905 + 382 + 1,152 *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 $ 708 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 $ 496 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,836 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 817 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 26, 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 164 22,133 + 1,920 0 0 29,250 0 16 days to 90 days 16 134,033 - 2,039 0 0 5,000 0 91 days to 1 year 0 134,694 + 307 0 0 ------ ------ Over 1 to 5 years 167,488 + 3 10 0 ------ ------ Over 5 to 10 years 52,484 + 5 0 0 ------ ------ Over 10 years 81,558 + 7 0 0 ------ ------ Total 180 592,390 + 203 10 0 34,250 0 1 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,204 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 26, 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 931 45 41 43 46 123 102 118 57 36 67 129 124 Loans 180 1 0 0 0 0 4 47 35 53 25 6 10 Acceptances 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase Agreements -- triparty(1) 34,250 0 34,250 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 198,350 11,364 78,043 7,627 10,944 15,470 14,123 23,342 7,053 3,101 5,863 4,402 17,018 Notes (3) 288,604 16,535 113,555 11,098 15,924 22,509 20,550 33,963 10,262 4,512 8,531 6,405 24,761 Bonds (4) 105,436 6,041 41,485 4,054 5,817 8,223 7,507 12,408 3,749 1,648 3,117 2,340 9,046 Total bought outright(5) 592,390 33,941 233,082 22,779 32,685 46,202 42,181 69,713 21,064 9,261 17,511 13,147 50,825 Held under repurchase agreements 0 0 0 0 0 0 0 0 0 0 0 0 0 Total U.S. govt. securities 592,390 33,941 233,082 22,779 32,685 46,202 42,181 69,713 21,064 9,261 17,511 13,147 50,825 Total loans and securities 626,830 33,942 267,336 22,779 32,686 46,203 42,185 69,761 21,099 9,314 17,536 13,153 50,836 Items in process of collection 8,249 495 932 346 373 450 752 620 261 592 398 472 2,558 Bank premises 1,518 92 182 49 151 130 279 109 43 124 49 138 172 Other assets(6) 37,399 1,959 13,085 1,266 2,506 5,432 2,517 3,862 990 637 982 823 3,341 Interdistrict settlement account 0 - 1,344 + 1,552 - 2,871 - 4,805 + 3,728 + 1,081 - 5,792 - 1,670 + 5,072 - 462 + 8,934 - 3,423 TOTAL ASSETS 688,171 35,836 288,371 22,126 31,583 57,032 48,008 69,969 21,196 15,983 18,946 24,231 54,888 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 $ 708 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 $ 496 million of compensation that adjusts for the effects of inflation on the principal of such securities. 5 Net of $ 21,836 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 817 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 26, 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 625,395 30,539 268,913 20,467 28,229 46,821 44,404 64,527 19,751 13,887 16,786 22,668 48,405 Reverse repurchase agreements--triparty(1) 0 0 0 0 0 0 0 0 0 0 0 0 0 Deposits Depository institutions 26,603 3,662 5,997 497 1,370 4,904 1,545 2,747 675 937 1,395 746 2,129 U.S. Treasury--general account 7,620 0 7,620 0 0 0 0 0 0 0 0 0 0 Foreign--official accounts 74 2 50 1 3 7 2 3 1 1 1 1 3 Other 239 12 140 0 1 80 0 1 2 0 1 0 0 Total deposits 34,536 3,675 13,808 499 1,374 4,991 1,547 2,751 678 938 1,396 747 2,133 Deferred credit items 8,110 547 851 545 390 542 772 671 214 594 248 361 2,375 Other liabilities and accrued dividends (2) 2,583 157 788 112 151 276 211 276 112 87 101 96 216 TOTAL LIABILITIES 670,625 34,918 284,360 21,623 30,143 52,629 46,934 68,225 20,756 15,506 18,531 23,871 53,128 CAPITAL ACCOUNTS Capital paid in 8,330 432 1,852 236 686 2,122 470 817 208 304 197 169 836 Surplus 7,312 418 1,504 221 665 1,757 535 793 149 118 191 164 796 Other capital accounts 1,905 68 655 46 89 524 69 133 83 55 27 27 128 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 688,171 35,836 288,371 22,126 31,583 57,032 48,008 69,969 21,196 15,983 18,946 24,231 54,888 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 752,219 35,151 308,757 26,948 33,095 56,777 60,729 70,829 23,482 15,764 20,918 33,938 65,830 Less--Held by F.R. Banks 126,824 4,613 39,844 6,481 4,866 9,957 16,325 6,302 3,730 1,877 4,132 11,271 17,425 F.R. notes, net 625,395 30,539 268,913 20,467 28,229 46,821 44,404 64,527 19,751 13,887 16,786 22,668 48,405 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) 612,151 Total collateral 625,395 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.