Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 702,078 + 5,046 + 65,843 700,178

Securities held outright 636,873 + 1,941 + 68,353 637,149

U.S. Treasury1 636,863 + 1,941 + 68,353 637,139

Bills2 230,889 + 859 + 40,988 231,061

Notes and bonds, nominal2 392,496 + 1,084 + 25,474 392,593

Notes and bonds, inflation-indexed2 12,242 0 + 1,584 12,242

Inflation compensation3 1,236 - 2 + 308 1,242

Federal agency2 10 0 0 10

Repurchase agreements4 27,136 + 3,815 - 5,256 23,250

Loans to depository institutions 29 + 16 + 3 11

Primary credit 24 + 14 + 24 1

Secondary credit 0 0 0 0

Seasonal credit 6 + 2 - 8 10

Adjustment credit 0 0 - 13 0

Float 468 - 837 + 842 1,868

Other Federal Reserve assets 37,573 + 113 + 1,902 37,901

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,723 + 14 + 1,174 34,723

Total factors supplying reserve funds 750,044 + 5,059 + 67,016 748,144

Currency in circulation5 682,400 + 113 + 43,857 683,692

Reverse repurchase agreements6 18,078 + 340 + 18,078 17,959

Foreign official and international accounts 18,078 + 340 + 18,078 17,959

Dealers 0 0 0 0

Treasury cash holdings 345 - 2 - 70 354

Deposits with F.R. Banks, other than reserve balances 16,029 - 480 + 1,137 16,566

U.S. Treasury, general account 4,909 - 340 - 564 5,501

Foreign official 186 + 75 + 62 105

Service-related 10,721 - 183 + 1,673 10,721

Required clearing balances 10,336 0 + 1,463 10,336

Adjustments to compensate for float 385 - 182 + 209 385

Other 212 - 33 - 36 238

Other liabilities and capital 19,805 - 159 + 1,798 19,693

Total factors, other than reserve balances,

absorbing reserve funds 736,656 - 190 + 64,800 738,263

Reserve balances with Federal Reserve Banks 13,388 + 5,249 + 2,217 9,882

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 890,678 + 9,294 . . . 896,617

U.S. Treasury 712,354 + 7,639 . . . 717,786

Federal agency 178,324 + 1,654 . . . 178,831

Securities lent to dealers 479 + 153 - 250 120

FEDERAL RESERVE statistical release

 March 6, 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

 Mar 5, 2003 Week ended

 Mar 5, 2003 Feb 26, 2003 Mar 6, 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 1,080 - 20 - 31

Securities, repurchase agreements, and loans 660,409 - 1,352 + 55,031

Securities held outright 637,149 + 1,143 + 67,048

U.S. Treasury1 637,139 + 1,143 + 67,048

Bills2 231,061 + 455 + 40,090

Notes and bonds, nominal2 392,593 + 680 + 25,063

Notes and bonds, inflation-indexed2 12,242 0 + 1,584

Inflation compensation3 1,242 + 7 + 311

Federal agency2 10 0 0

Repurchase agreements4 23,250 - 2,500 - 11,999

Loans 11 + 5 - 17

Items in process of collection (1,143) 10,984 + 1,787 + 2,358

Bank premises 1,555 - 2 + 46

Other assets5 36,380 + 250 + 1,769

Total assets (1,143) 723,648 + 664 + 59,168

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 650,398 + 728 + 42,037

Reverse repurchase agreements6 17,959 + 538 + 17,959

Deposits ( 0 ) 26,825 - 2,073 - 2,737

Depository institutions 20,980 - 2,576 - 2,857

U.S. Treasury, general account 5,501 + 551 + 91

Foreign official 105 - 49 + 30

Other ( 0 ) 238 0 - 3

Deferred availability cash items (1,143) 8,773 + 1,477 + 468

Other liabilities and accrued dividends7 2,250 - 26 - 123

Total liabilities (1,143) 706,205 + 644 + 57,604

Capital accounts

Capital paid in 8,478 + 38 + 842

Surplus 8,380 0 + 1,107

Other capital accounts 584 - 19 - 386

Total capital 17,442 + 19 + 1,563

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 6, 2002

Eliminations from

consolidation Wednesday

 Mar 5, 2003

Wednesday

 Feb 26, 2003

3. Maturity Distribution of Loans and Securities, March 5, 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 1 35,519 - 9,556 0 0 20,250 17,959

16 days to 90 days 10 140,723 + 7,024 0 0 3,000 0

91 days to 1 year 0 149,160 + 2,408 10 0 . . . . . . 

Over 1 year to 5 years . . . 180,176 + 1,194 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,730 + 71 0 0 . . . . . . 

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

All 11 637,139 + 1,143 10 0 23,250 17,959

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 5, 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 1,080 660,409 637,149 637,139 231,061 406,078 10 23,250 11 12,127 1,555 36,380 0 724,791

Assets, liabilities, and capital

 4,364 874 38 273,943 250,693 250,689 90,914 159,776 4 23,250 0 718 186 12,569 +40,024 332,715

 533 115 51 36,505 36,505 36,505 13,239 23,266 1 0 0 680 91 1,921 - 8,398 31,498

 430 83 71 24,500 24,500 24,500 8,885 15,615 0 0 0 698 50 1,109 - 7,321 19,620

 522 104 48 35,155 35,155 35,154 12,749 22,405 1 0 0 799 152 2,382 - 7,107 32,055

 819 147 151 49,693 49,693 49,692 18,021 31,671 1 0 0 783 143 5,754 - 3,399 54,091

 926 166 108 45,368 45,368 45,367 16,452 28,914 1 0 0 1,262 278 2,163 - 4,977 45,294

 1,080 212 142 74,984 74,980 74,979 27,191 47,787 1 0 4 1,314 116 3,610 -19,558 61,900

 346 71 60 22,656 22,656 22,655 8,216 14,439 0 0 0 576 44 998 - 4,256 20,495

 1   9,9 9,9 9,9 3,6 6,3    6 1 9 + 3,7 15,6
 650,398

 650,398 11,039 2,200 637,159 0 660,399 17,965 642,433

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.

 763,522 113,124 650,398 17,959 26,825 20,980 5,501 105 238 9,916 2,250 707,348 8,478 8,380 584 724,791

 32,580 4,894 27,686 1,029 1,006 1,001 0 2 4 738 137 30,597 437 436 27 31,498

 336,007 27,935 308,072 7,066 11,978 6,235 5,501 82 160 1,014 681 328,811 1,854 1,809 241 332,715

 24,971 7,703 17,268 691 567 566 0 1 0 493 101 19,119 250 233 18 19,620

 32,033 4,628 27,404 991 1,511 1,508 0 3 0 587 129 30,622 699 702 31 32,055

 53,766 8,756 45,010 1,401 2,526 2,451 0 7 68 671 250 49,857 2,092 2,073 68 54,091

 58,797 18,937 39,860 1,279 2,039 2,037 0 2 0 952 184 44,313 475 475 32 45,294

 63,065 7,990 55,075 2,113 1,968 1,964 0 3 0 724 235 60,115 862 858 65 61,900

 21,862 3,489 18,373 639 665 662 0 1 2 301 100 20,078 200 199 18 20,495

 15,1 1,6 13,4 2 5 5    6  14,9 3 3  15,6

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 5, 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

 Mar 5, 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.