Reserve Bank Credit 629,719 + 2,091 + 57,637 631,728

U.S. government securities (1)

Bought outright-system account (2,3) 562,126 + 1,085 + 46,547 563,520

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 111 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 28,607 + 143 + 9,686 29,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 6 - 5 0 5

Seasonal credit 16 - 3 - 3 25

Extended credit 0 0 0 0

Float 964 + 986 + 341 351

Other F.R. assets 37,991 - 114 + 1,177 38,316

Gold stock 11,045 0 - 1 11,044

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

Treasury currency outstanding 33,265 + 14 + 1,300 33,265

Total factors supplying reserve funds 676,229 + 2,105 + 58,936 678,238

Currency in circulation* 631,637 + 1,357 + 51,615 634,133

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

Treasury cash holdings* 414 - 8 - 64 408

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

Treasury 6,196 - 2,974 + 1,347 5,376

Foreign 190 - 73 + 101 594

Service-related balances and adjustments (5) 9,014 + 87 + 2,566 9,014

Other 262 + 25 - 77 253

Other F.R. liabilities and capital 17,539 + 38 - 493 17,460

Total factors, other than reserve balances,

absorbing reserve funds 665,252 - 1,548 + 54,994 667,238

Reserve balances with F.R. Banks (6) 10,977 + 3,653 + 3,942 10,999

FEDERAL RESERVE

 February 7, 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 6, 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 $ 730,389 million, a change of $ + 3,576 million for the week. The total includes

$ 600,995 million of U.S. government securities and $ 129,393 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 $ 19,161 million (daily average over statement week) and $ 18,342 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,161 million (daily average) and $ 18,342 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,653 million (daily average)

and $ 1,844 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 $ 934 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 $ 8,649 million and adjustments of $ 365 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 6, 2002 Week ended

 Feb 6, 2002 Jan 30, 2002 Feb 7, 2001
ASSETS

Gold certificate account 11,044 - 1 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,162 + 11 + 67

Loans 30 + 5 - 1

Acceptances 0 0 0

Repurchase agreements — triparty (1) 29,500 - 2,750 + 5,515

Federal agency obligations (2)

Bought outright 10 0 - 100

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 189,785 - 112 + 6,368

Notes (3) 269,172 + 604 + 29,448

Bonds (4) 104,563 + 95 + 11,218

Total bought outright (5) 563,520 + 587 + 47,034

Held under repurchase agreements 0 0 0

Total U.S. government securities 563,520 + 587 + 47,034

Total loans and securities 593,061 - 2,158 + 52,450

Items in process of collection (1,053) 9,584 - 101 - 686

Bank premises 1,510 + 1 + 42

Other assets (6) 36,812 - 48 + 1,195

 TOTAL ASSETS (1,053) 655,374 - 2,295 + 53,066

LIABILITIES

Federal Reserve notes 602,438 + 2,802 + 50,672

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 20,757 + 2,165 + 810

U.S. Treasury—general account 5,376 - 7,964 + 1,471

Foreign—official accounts 594 + 160 + 498

Other ( 0 ) 253 + 25 - 82

Total deposits ( 0 ) 26,979 - 5,615 + 2,696

Deferred availability cash items (1,053) 8,496 + 484 + 143

Other liabilities and accrued dividends (7) 2,300 - 22 - 1,696

TOTAL LIABILITIES (1,053) 640,214 - 2,349 + 51,817

CAPITAL ACCOUNTS

Capital paid in 7,437 + 4 + 421

Surplus 7,269 - 2 + 970

Other capital accounts 454 + 52 - 141

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Feb 7, 2001

Eliminations from

Consolidation Wednesday

 Feb 6, 2002

Wednesday

Jan 30, 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 $ 551 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 $ 383 million of compensation

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

5 Net of $ 18,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,844 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 6, 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 $ 934 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 18 21,530 - 3,227 0 0 23,500 0

16 days to 90 days 13 120,531 - 2,361 0 0 6,000 0

91 days to 1 year 0 131,590 + 5,558 0 0 ——— ———

 Over 1 year to 5 years ——— 158,021 + 289 10 0 ——— ———

 Over 5 years to 10 years ——— 51,958 + 331 0 0 ——— ———

Over 10 years ——— 79,890 - 4 0 0 ——— ———

Total 30 563,520 + 587 10 0 29,500 0
 546

 115 64 7 0 0 1 0 11,403 16,172 6,282 33,858 0 33,858 33,865 504 92 1,988 - 2,176 34,997

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on February 6, 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 $ 551 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 $ 383 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,342 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,844 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 1,162 30 0 29,500 10 0 189,785 269,172 104,563 563,520 0 563,520 593,061 10,637 1,510 36,812 0 656,427

 4,450 874 60 0 0 29,500 4 0 77,742 110,262 42,832 230,837 0 230,837 260,341 1,304 177 13,407 -11,812 268,801

 454 83 55 0 0 0 0 0 7,795 11,056 4,295 23,146 0 23,146 23,146 544 49 1,311 - 3,449 22,193

 538 104 67 0 0 0 1 0 11,111 15,759 6,122 32,991 0 32,991 32,992 573 151 2,482 - 3,547 33,360

 741 147 180 0 0 0 1 0 11,338 16,080 6,247 33,665 0 33,665 33,666 730 132 4,757 +10,955 51,307

 871 166 128 0 0 0 1 0 13,050 18,509 7,190 38,749 0 38,749 38,750 896 280 2,442 + 4,430 47,964

 1,028 212 135 2 0 0 1 0 21,495 30,486 11,843 63,823 0 63,823 63,827 683 106 3,747 + 2,444 72,181

 343 71 64 1 0 0 0 0 6,840 9,702 3,769 20,311 0 20,311 20,312 661 43 1,012 + 105 22,611

 143 30 36 5 0 0 0 0 592 840 326 1,758 0 1,758 1,763 494 123 390 +12,737 15,717

 317 66 81 7 0 0 0 0 5,858 8,308 3,227 17,393 0 17,393 17,400 706 49 1,004 - 935 18,689

 477 98 145 4 0 0 0 0 3,440 4,880 1,896 10,216 0 10,216 10,220 927 137 737 + 3,819 16,560

 1,136 234 147 5 0 0 1 0 19,120 27,118 10,534 56,773 0 56,773 56,780 2,614 172 3,536 -12,572 52,048
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on February 6, 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.

 602,438 0 20,757 5,376 594 253 26,979 9,550 2,300 641,267 7,437 7,269 454 656,427 750,175 147,737 602,438 11,044 2,200 0 589,194 602,438

 30,934 0 2,364 0 2 3 2,369 672 143 34,118 429 418 31 34,997 35,795 4,861 30,934

 251,898 0 5,731 5,376 570 136 11,813 1,158 730 265,598 1,504 1,504 195 268,801 295,686 43,788 251,898

 20,734 0 401 0 1 0 402 491 108 21,735 221 221 16 22,193 27,784 7,050 20,734

 30,045 0 1,311 0 3 1 1,314 480 134 31,973 681 665 41 33,360 34,640 4,595 30,045

 45,518 0 1,185 0 7 101 1,294 747 207 47,765 1,762 1,757 24 51,307 55,874 10,357 45,518

 44,346 0 1,463 0 2 0 1,466 959 191 46,961 447 535 21 47,964 63,549 19,202 44,346

 66,773 0 2,874 0 3 4 2,882 648 248 70,551 791 793 46 72,181 74,012 7,239 66,773

 21,068 0 893 0 1 1 895 227 104 22,294 150 149 18 22,611 23,860 2,792 21,068

 13,811 0 903 0 1 0 903 559 61 15,334 307 76 0 15,717 16,218 2,407 13,811

 16,833 0 874 0 1 5 880 482 97 18,291 193 191 14 18,689 21,333 4,500 16,833

 14,970 0 689 0 1 0 690 477 84 16,221 166 164 9 16,560 33,252 18,282 14,970

 45,507 0 2,069 0 3 1 2,073 2,651 196 50,427 787 796 38 52,048 68,172 22,665 45,507