Reserve Bank Credit 631,916 + 2,813 + 54,366 658,289

U.S. government securities (1)

Bought outright-system account (2,3) 557,929 - 534 + 40,941 560,195

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) 35,929 + 2,958 + 13,500 56,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 21 + 13 - 58 42

Seasonal credit 17 + 7 - 6 20

Extended credit 0 0 0 0

Float 97 + 178 - 1,075 3,412

Other F.R. assets 37,913 + 190 + 1,183 38,110

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,237 + 14 + 1,396 33,237

Total factors supplying reserve funds 678,398 + 2,827 + 55,762 704,771

Currency in circulation* 631,965 - 779 + 51,384 632,344

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

Treasury cash holdings* 417 - 15 - 28 423

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

Treasury 7,099 + 1,387 + 21 9,850

Foreign 135 - 136 + 50 284

Service-related balances and adjustments (5) 9,212 + 324 + 2,264 9,212

Other 223 - 9 - 44 220

Other F.R. liabilities and capital 17,594 - 99 - 654 17,402

Total factors, other than reserve balances,

absorbing reserve funds 666,645 + 673 + 52,993 669,736

Reserve balances with F.R. Banks (6) 11,753 + 2,154 + 2,769 35,034

FEDERAL RESERVE

 January 24, 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 January 23, 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 $ 723,480 million, a change of $ - 5,886 million for the week. The total includes

$ 594,291 million of U.S. government securities and $ 129,189 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 $ 20,782 million (daily average over statement week) and $ 18,744 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 20,782 million (daily average) and $ 18,744 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,473 million (daily average)

and $ 1,667 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 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 $ 8,402 million and adjustments of $ 810 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

Jan 23, 2002 Week ended

Jan 23, 2002 Jan 16, 2002 Jan 24, 2001
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,120 + 26 + 92

Loans 62 + 48 + 34

Acceptances 0 0 0

Repurchase agreements — triparty (1) 56,500 + 25,600 + 23,500

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 187,154 - 605 + 2,644

Notes (3) 268,571 + 838 + 27,985

Bonds (4) 104,470 + 232 + 11,125

Total bought outright (5) 560,195 + 465 + 41,754

Held under repurchase agreements 0 0 0

Total U.S. government securities 560,195 + 465 + 41,754

Total loans and securities 616,766 + 26,112 + 65,168

Items in process of collection ( 7 2 2 ) 14,733 + 6,076 + 5,918

Bank premises 1,513 + 1 + 50

Other assets (6) 36,517 + 394 + 962

 TOTAL ASSETS ( 7 2 2 ) 683,894 + 32,609 + 72,188

LIABILITIES

Federal Reserve notes 600,651 + 123 + 50,940

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 44,456 + 26,587 + 15,778

U.S. Treasury—general account 9,850 + 3,131 + 2,493

Foreign—official accounts 284 + 196 + 215

Other ( 0 ) 220 - 18 - 42

Total deposits ( 0 ) 54,811 + 29,896 + 18,445

Deferred availability cash items ( 7 2 2 ) 11,030 + 2,652 + 3,338

Other liabilities and accrued dividends (7) 2,309 - 44 - 1,714

TOTAL LIABILITIES ( 7 2 2 ) 668,801 + 32,627 + 71,009

CAPITAL ACCOUNTS

Capital paid in 7,420 + 1 + 409

Surplus 7,272 - 5 + 974

Other capital accounts 401 - 13 - 204

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jan 24, 2001

Eliminations from

Consolidation Wednesday

Jan 23, 2002

Wednesday

Jan 16, 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 $ 558 million of compensation

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

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 388 million of compensation

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

5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,667 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, January 23, 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 $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 947 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 60 24,147 + 1,525 0 0 51,500 0

16 days to 90 days 2 114,976 - 1,911 0 0 5,000 0

91 days to 1 year 0 131,815 - 219 0 0 ——— ———

 Over 1 year to 5 years ——— 157,733 + 1,073 10 0 ——— ———

 Over 5 years to 10 years ——— 51,628 - 2 0 0 ——— ———

Over 10 years ——— 79,896 - 1 0 0 ——— ———

Total 62 560,195 + 465 10 0 56,500 0
 546

 115 62 4 0 0 1 0 11,245 16,136 6,277 33,658 0 33,658 33,662 1,145 91 1,900 - 1,161 36,361

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on January 23, 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 $ 558 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 388 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,744 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,667 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.

 11,045 2,200 1,120 62 0 56,500 10 0 187,154 268,571 104,470 560,195 0 560,195 616,766 15,455 1,513 36,517 0 684,616

 4,451 874 61 0 0 56,500 4 0 76,665 110,016 42,794 229,474 0 229,474 285,978 2,123 177 13,383 -21,881 285,167

 454 83 52 0 0 0 0 0 7,687 11,031 4,291 23,009 0 23,009 23,010 327 49 1,340 - 1,731 23,583

 538 104 64 0 0 0 1 0 10,957 15,723 6,116 32,797 0 32,797 32,797 644 151 2,153 - 155 36,296

 741 147 172 7 0 0 1 0 11,181 16,045 6,241 33,466 0 33,466 33,474 1,072 132 4,814 +11,648 52,200

 871 166 122 0 0 0 1 0 12,869 18,468 7,184 38,521 0 38,521 38,521 1,788 281 2,406 + 4,397 48,552

 1,028 212 127 39 0 0 1 0 21,197 30,418 11,832 63,446 0 63,446 63,486 1,230 106 3,479 + 6,122 75,790

 343 71 63 2 0 0 0 0 6,746 9,680 3,765 20,191 0 20,191 20,194 755 43 995 + 198 22,663

 143 30 34 1 0 0 0 0 584 838 326 1,748 0 1,748 1,748 1,064 123 653 +12,322 16,119

 317 66 77 1 0 0 0 0 5,777 8,290 3,224 17,291 0 17,291 17,292 953 49 989 - 991 18,751

 477 98 140 4 0 0 0 0 3,393 4,869 1,894 10,155 0 10,155 10,160 1,040 137 803 + 2,589 15,443

 1,136 234 147 4 0 0 1 0 18,855 27,058 10,525 56,438 0 56,438 56,444 3,314 172 3,602 -11,356 53,692
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on January 23, 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.

 600,651 0 44,456 9,850 284 220 54,811 11,752 2,309 669,523 7,420 7,272 401 684,616 750,161 149,510 600,651 11,045 2,200 0 587,406 600,651

 30,933 0 3,564 0 2 1 3,566 858 145 35,502 419 418 21 36,361 35,682 4,749 30,933

 253,051 0 16,464 9,850 260 126 26,701 1,480 736 281,968 1,504 1,504 191 285,167 295,288 42,237 253,051

 20,804 0 1,735 0 1 0 1,736 477 110 23,127 221 221 14 23,583 28,010 7,206 20,804

 29,923 0 4,360 0 2 2 4,363 498 132 34,916 681 665 34 36,296 34,762 4,839 29,923

 44,417 0 3,055 0 7 85 3,148 911 209 48,684 1,759 1,757 0 52,200 55,199 10,783 44,417

 44,248 0 1,942 0 2 0 1,944 1,159 187 47,538 447 535 32 48,552 64,168 19,920 44,248

 66,586 0 6,527 0 3 1 6,530 800 250 74,167 790 793 40 75,790 74,034 7,448 66,586

 20,894 0 1,027 0 1 1 1,028 323 104 22,349 149 149 16 22,663 23,966 3,072 20,894

 13,890 0 1,062 0 1 0 1,063 718 62 15,733 307 79 0 16,119 16,266 2,376 13,890

 16,343 0 1,406 0 1 3 1,410 508 93 18,354 192 191 14 18,751 20,956 4,613 16,343

 13,418 0 877 0 1 1 879 728 85 15,111 164 164 4 15,443 33,044 19,626 13,418

 46,144 0 2,438 0 3 1 2,442 3,291 196 52,074 788 796 35 53,692 68,786 22,641 46,144