Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 701,756 + 10,353 + 65,319 706,853

Securities held outright 631,009 + 1,058 + 65,115 631,273

U.S. Treasury1 630,999 + 1,058 + 65,115 631,263

Bills2 227,294 + 353 + 37,902 227,561

Notes and bonds, nominal2 390,217 + 713 + 24,828 390,217

Notes and bonds, inflation-indexed2 12,242 0 + 2,056 12,242

Inflation compensation3 1,245 - 8 + 327 1,242

Federal agency2 10 0 0 10

Repurchase agreements4 30,067 + 10,782 - 4,683 34,496

Loans to depository institutions 19 - 12 + 1 17

Primary credit 14 - 14 + 14 13

Secondary credit 0 0 0 0

Seasonal credit 5 + 2 - 11 4

Adjustment credit 0 0 - 2 0

Float 822 - 881 + 880 3,830

Other Federal Reserve assets 39,838 - 596 + 4,005 37,237

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,695 + 14 + 1,185 34,695

Total factors supplying reserve funds 749,694 + 10,366 + 66,503 754,791

Currency in circulation5 682,868 + 4,357 + 44,028 684,264

Reverse repurchase agreements6 17,925 - 1,024 + 17,925 17,850

Foreign official and international accounts 17,925 + 47 + 17,925 17,850

Dealers 0 - 1,071 0 0

Treasury cash holdings 358 + 2 - 49 348

Deposits with F.R. Banks, other than reserve balances 16,157 + 203 + 1,464 15,553

U.S. Treasury, general account 5,048 + 367 + 156 4,407

Foreign official 132 + 17 - 4 134

Service-related 10,730 - 188 + 1,285 10,730

Required clearing balances 10,315 - 2 + 1,502 10,315

Adjustments to compensate for float 415 - 186 - 217 415

Other 247 + 8 + 28 281

Other liabilities and capital 19,659 + 209 + 1,868 19,665

Total factors, other than reserve balances,

absorbing reserve funds 736,967 + 3,747 + 65,236 737,681

Reserve balances with Federal Reserve Banks 12,728 + 6,620 + 1,267 17,111

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 874,595 + 4,684 . . . 878,685

U.S. Treasury 700,321 + 2,502 . . . 706,434

Federal agency 174,274 + 2,182 . . . 172,250

Securities lent to dealers 324 - 663 - 462 242

FEDERAL RESERVE statistical release

 February 20, 2003

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

. . . Not available.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Estimated.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Feb 19, 2003 Week ended

 Feb 19, 2003 Feb 12, 2003 Feb 20, 2002
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Assets

Gold certificate account 11,039 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,123 - 19 - 26

Securities, repurchase agreements, and loans 665,786 + 14,079 + 63,190

Securities held outright 631,273 + 316 + 64,441

U.S. Treasury1 631,263 + 316 + 64,441

Bills2 227,561 + 323 + 37,929

Notes and bonds, nominal2 390,217 0 + 24,125

Notes and bonds, inflation-indexed2 12,242 0 + 2,056

Inflation compensation3 1,242 - 8 + 330

Federal agency2 10 0 0

Repurchase agreements4 34,496 + 13,750 - 1,253

Loans 17 + 13 + 2

Items in process of collection (1,153) 14,167 + 6,338 + 180

Bank premises 1,557 + 16 + 46

Other assets5 35,548 - 3,285 + 1,551

Total assets (1,153) 731,420 + 17,128 + 64,935

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 651,036 + 2,953 + 43,194

Reverse repurchase agreements6 17,850 + 246 + 17,850

Deposits ( 0 ) 32,828 + 11,263 + 2,972

Depository institutions 28,006 + 10,299 + 3,418

U.S. Treasury, general account 4,407 + 880 - 539

Foreign official 134 + 31 + 53

Other ( 0 ) 281 + 53 + 40

Deferred availability cash items (1,153) 10,040 + 2,265 - 1,247

Other liabilities and accrued dividends7 2,249 - 28 - 87

Total liabilities (1,153) 714,004 + 16,700 + 62,685

Capital accounts

Capital paid in 8,434 + 30 + 994

Surplus 8,380 + 23 + 1,111

Other capital accounts 603 + 376 + 146

Total capital 17,416 + 428 + 2,251

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 20, 2002

Eliminations from

consolidation Wednesday

 Feb 19, 2003

Wednesday

 Feb 12, 2003

3. Maturity Distribution of Loans and Securities, February 19, 2003

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original

face value of such securities.

2. Cash value of agreements classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 17 46,317 + 1,810 0 0 30,496 17,850

16 days to 90 days 0 131,154 - 5,483 0 0 4,000 0

91 days to 1 year 0 145,010 + 2,230 10 0 . . . . . . 

Over 1 year to 5 years . . . 177,990 + 2,158 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,961 - 395 0 0 . . . . . . 

Over 10 years . . . 79,831 - 3 0 0 . . . . . . 

All 17 631,263 + 316 10 0 34,496 17,850

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 19, 2003Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

Note: Components may not sum to totals because of rounding.1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such sec

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

 11,039 2,200 1,123 665,786 631,273 631,263 227,561 403,702 10 34,496 17 15,321 1,557 35,548 0 732,574

Assets, liabilities, and capital

 4,364 874 38 282,887 248,381 248,377 89,536 158,841 4 34,496 10 978 186 12,324 +30,520 332,170

 533 115 54 36,169 36,169 36,168 13,038 23,130 1 0 0 747 92 1,766 - 3,993 35,483

 430 83 68 24,274 24,274 24,274 8,750 15,523 0 0 0 713 50 1,083 - 7,084 19,617

 522 104 52 34,830 34,830 34,830 12,556 22,274 1 0 0 1,015 152 2,330 - 6,315 32,691

 819 147 160 49,235 49,235 49,234 17,748 31,486 1 0 0 1,409 144 5,646 - 1,958 55,602

 926 166 117 44,949 44,949 44,948 16,203 28,745 1 0 0 1,758 279 2,145 - 4,181 46,159

 1,080 212 148 74,288 74,288 74,287 26,779 47,508 1 0 0 1,628 116 3,527 -17,643 63,356

 346 71 65 22,447 22,447 22,446 8,092 14,355 0 0 0 814 44 969 - 3,719 21,038

 1   9,8 9,8 9,8 3,5 6,3    9 1 9 + 3,8 15,9
 651,036

 651,036 11,039 2,200 637,798 0 665,769 17,856 647,913

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

 762,147 111,111 651,036 17,850 32,828 28,006 4,407 134 281 11,193 2,249 715,157 8,434 8,380 603 732,574

 32,822 4,866 27,956 1,023 4,810 4,805 0 2 4 649 136 34,574 437 436 35 35,483

 334,983 27,201 307,782 7,023 11,916 7,241 4,407 111 158 885 680 328,287 1,854 1,809 221 332,170

 24,966 7,583 17,382 686 513 512 0 1 0 445 101 19,128 234 233 23 19,617

 32,287 4,654 27,633 985 1,811 1,807 0 3 2 696 127 31,252 692 702 44 32,691

 53,854 8,631 45,223 1,392 3,858 3,742 0 7 108 678 240 51,391 2,080 2,073 58 55,602

 58,116 17,977 40,139 1,271 2,282 2,280 0 2 0 1,297 183 45,171 475 475 37 46,159

 63,414 7,823 55,591 2,101 2,551 2,547 0 3 1 1,085 241 61,569 861 858 69 63,356

 21,907 3,235 18,672 635 865 858 0 1 7 346 101 20,618 200 199 20 21,038

 15,0 1,7 13,2 2 8 8    8  15,2 3 3  15,9

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 19, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes, net of F.R. Bank holdingsCollateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other eligible assets

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Feb 19, 2003

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury and agency securities held outright,

compensation to adjust for the effect of inflation on the original face value ofinflation-indexed securities, and cash value of repurchase agreements.