Reserve Bank Credit 631,999 - 4,446 + 56,908 635,345

U.S. government securities (1)

Bought outright-system account (2,3) 567,332 + 1,448 + 46,593 568,702

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) 28,856 - 5,894 + 11,171 31,999

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 5 + 3 - 67 10

Seasonal credit 12 - 4 - 5 12

Extended credit 0 0 0 0

Float 34 + 84 - 1,768 -1,340

Other F.R. assets 35,751 - 82 + 985 35,953

Gold stock 11,044 0 - 2 11,044

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding 33,307 + 14 + 1,220 33,307

Total factors supplying reserve funds 678,550 - 4,433 + 58,127 681,897

Currency in circulation* 637,614 - 1,009 + 53,562 638,672

Reverse repurchase agreements — triparty (4) 0 0 0 0

Treasury cash holdings* 410 + 3 - 79 414

Deposits, other than reserve balances, with F.R. Banks

Treasury 4,696 - 196 - 172 4,908

Foreign 127 - 9 + 27 79

Service-related balances and adjustments (5) 9,063 - 384 + 2,440 9,062

Other 218 - 1 - 72 212

Other F.R. liabilities and capital 17,887 + 96 - 359 17,654

Total factors, other than reserve balances,

absorbing reserve funds 670,015 - 1,501 + 55,347 671,001

Reserve balances with F.R. Banks (6) 8,535 - 2,932 + 2,780 10,896

FEDERAL RESERVE

 February 28, 2002

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

Millions of dollars

Averages of daily figures

Reserve balances of depository institutions at

F.R. Banks, Reserve Bank credit, and related items

On February 27, 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 $ 733,379 million, a change of $ - 3,658 million for the week. The total includes

$ 600,755 million of U.S. government securities and $ 132,623 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 $ 19,200 million (daily average over statement week) and $ 18,766 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,200 million (daily average) and $ 18,766 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,484 million (daily average)

and $ 2,103 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 930 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 $ 8,873 million and adjustments of $ 190 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.

Change from week ended Wednesday

Feb 27, 2002 Week ended

Feb 27, 2002 Feb 20, 2002 Feb 28, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,125 - 24 + 10

Loans 22 + 7 + 4

Acceptances 0 0 0

Repurchase agreements — triparty (1) 31,999 - 3,750 + 8,334

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 190,295 + 663 + 7,297

Notes (3) 274,269 + 604 + 32,477

Bonds (4) 104,138 + 614 + 9,311

Total bought outright (5) 568,702 + 1,880 + 49,084

Held under repurchase agreements 0 0 0

Total U.S. government securities 568,702 + 1,880 + 49,084

Total loans and securities 600,733 - 1,863 + 57,422

Items in process of collection (1,105) 7,037 - 6,950 - 1,982

Bank premises 1,509 - 2 + 33

Other assets (6) 34,455 + 458 + 1,536

 TOTAL ASSETS (1,105) 658,103 - 8,382 + 57,017

LIABILITIES

Federal Reserve notes 606,904 - 938 + 52,242

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 20,815 - 3,773 + 5,676

U.S. Treasury—general account 4,908 - 38 - 48

Foreign—official accounts 79 - 2 - 117

Other ( 0 ) 212 - 29 - 165

Total deposits ( 0 ) 26,014 - 3,842 + 5,347

Deferred availability cash items (1,105) 7,531 - 3,756 - 384

Other liabilities and accrued dividends (7) 2,361 + 25 - 1,570

TOTAL LIABILITIES (1,105) 642,810 - 8,509 + 55,635

CAPITAL ACCOUNTS

Capital paid in 7,635 + 195 + 612

Surplus 7,266 - 3 + 911

Other capital accounts 392 - 65 - 142

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Feb 28, 2001

Eliminations from

Consolidation Wednesday

Feb 27, 2002

Wednesday

Feb 20, 2002

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 532 million of compensation

that adjusts for the effects of inflation on the principal of such securities.

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation

that adjusts for the effects of inflation on the principal of such securities.

5 Net of $ 18,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,103 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.

Maturity Distribution of Loans and Securities, February 27, 2002

Millions of dollars

 Federal agency

obligations(2)

Weekly

changes Holdings

 U.S. government

securities (1,2)

Holdings Weekly

changes

Loans

Repurchase

Agreements—

Triparty (3)

1 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 930 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.

Reverse

Repurchase

Agreements—

Triparty (3)

Within 15 days 22 28,483 - 970 0 0 26,999 0

16 days to 90 days 0 117,816 + 1,889 0 0 5,000 0

91 days to 1 year 0 132,889 - 257 0 0 ——— ———

 Over 1 year to 5 years ——— 157,109 + 725 10 0 ——— ———

 Over 5 years to 10 years ——— 51,446 - 4 0 0 ——— ———

Over 10 years ——— 80,959 + 497 0 0 ——— ———

Total 22 568,702 + 1,880 10 0 31,999 0
 546

 115 66 0 0 0 1 0 11,433 16,479 6,257 34,169 0 34,169 34,169 468 91 1,847 - 3,930 33,372

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on February 27, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

ASSETS

Gold certificate accountSpecial drawing rights certif. acct.CoinLoansAcceptancesRepurchase agreements — triparty (1)

Federal agency obligations (2)

Bought outrightHeld under repurchase agreements

U.S. government securities (2)

Bought outright— Bills

Notes (3)Bonds (4)

Total bought outright (5)

Held under repurchase agreements

Total U.S. govt. securities

Total loans and securities

Items in process of collectionBank premisesOther assets (6)Interdistrict settlement account

TOTAL ASSETS

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 $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 532 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,766 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,103 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.

 11,044 2,200 1,125 22 0 31,999 10 0 190,295 274,269 104,138 568,702 0 568,702 600,733 8,142 1,509 34,455 0 659,208

 4,450 874 58 0 0 31,999 4 0 77,951 112,350 42,658 232,959 0 232,959 264,962 702 177 12,480 -19,879 263,824

 454 83 58 0 0 0 0 0 7,816 11,265 4,277 23,359 0 23,359 23,359 484 49 1,180 - 2,566 23,102

 538 104 64 0 0 0 1 0 11,141 16,057 6,097 33,295 0 33,295 33,295 351 151 2,342 - 3,176 33,669

 741 147 169 0 0 0 1 0 11,368 16,385 6,221 33,974 0 33,974 33,975 536 131 4,606 +15,274 55,579

 871 166 109 0 0 0 1 0 13,085 18,860 7,161 39,106 0 39,106 39,106 1,039 280 2,277 + 3,485 47,334

 1,028 212 136 0 0 0 1 0 21,552 31,063 11,794 64,410 0 64,410 64,411 655 106 3,481 + 3,978 74,008

 343 71 60 0 0 0 0 0 6,859 9,886 3,753 20,498 0 20,498 20,498 287 43 930 - 346 21,886

 143 30 37 3 0 0 0 0 594 856 325 1,774 0 1,774 1,778 519 123 381 +12,531 15,541

 317 66 83 5 0 0 0 0 5,874 8,465 3,214 17,553 0 17,553 17,558 540 49 931 - 791 18,754

 477 98 139 0 0 0 0 0 3,450 4,972 1,888 10,310 0 10,310 10,310 328 137 694 + 7,853 20,035

 1,136 234 146 14 0 0 1 0 19,172 27,632 10,492 57,295 0 57,295 57,310 2,233 171 3,307 -12,434 52,104
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on February 27, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

 LIABILITIES

Federal Reserve notesReverse repurchase agreements—triparty (1)

Deposits

Depository institutionsU.S. Treasury—general accountForeign—official accountsOther

Total deposits

Deferred credit itemsOther liabilities and accrued

dividends (2)

TOTAL LIABILITIES

CAPITAL ACCOUNTS

Capital paid inSurplusOther capital accounts

TOTAL LIABILITIES AND CAPITAL

ACCOUNTS

FEDERAL RESERVE AGENTS’ ACCOUNTSF.R. notes outstandingLess—Held by F.R. Banks

F.R. notes, net

Collateral held against F.R. notes

Gold certificate accountSpecial drawing rights

certificate account

Other eligible assetsU.S. govt. and agency securities (3)

 Total collateral1 Cash value of agreements arranged through third-party custodial banks. These agreements are collateralized by U.S. government and 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.

 606,904 0 20,815 4,908 79 212 26,014 8,636 2,361 643,915 7,635 7,266 392 659,208 750,901 143,997 606,904 11,044 2,200 0 593,659 606,904

 30,821 0 932 0 2 3 936 592 146 32,495 429 418 29 33,372 35,559 4,738 30,821

 250,120 0 3,555 4,908 55 135 8,653 946 744 260,464 1,676 1,504 180 263,824 294,833 44,712 250,120

 20,809 0 1,168 0 1 2 1,171 559 109 22,647 218 221 16 23,102 27,828 7,019 20,809

 30,058 0 1,751 0 3 2 1,756 335 136 32,285 683 665 36 33,669 34,420 4,362 30,058

 46,715 0 4,386 0 7 61 4,455 671 216 52,057 1,762 1,757 3 55,579 56,522 9,807 46,715

 44,167 0 993 0 2 0 996 969 197 46,330 447 535 23 47,334 63,433 19,266 44,167

 67,514 0 3,995 0 3 1 3,999 612 247 72,372 798 793 44 74,008 74,588 7,073 67,514

 20,842 0 381 0 1 2 383 242 109 21,576 150 149 10 21,886 23,803 2,961 20,842

 13,900 0 703 0 1 0 704 497 61 15,162 306 73 0 15,541 16,146 2,246 13,900

 17,244 0 598 0 1 3 602 415 99 18,360 193 191 10 18,754 21,691 4,448 17,244

 18,554 0 642 0 1 1 644 411 89 19,697 166 164 8 20,035 33,960 15,406 18,554

 46,159 0 1,710 0 3 3 1,715 2,387 208 50,469 805 796 34 52,104 68,119 21,960 46,159