Reserve Bank Credit 633,771 + 6,420 + 49,457 643,503

U.S. government securities (1)

Bought outright-system account (2,3) 555,865 + 1,634 + 40,270 555,997

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) 41,743 + 5,150 + 9,984 50,250

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 36 + 24 - 5 13

Seasonal credit 36 + 1 - 76 32

Extended credit 0 0 0 0

Float 171 - 561 - 1,011 1,168

Other F.R. assets 35,911 + 173 + 417 36,034

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,181 + 14 + 1,588 33,181

Total factors supplying reserve funds 680,197 + 6,433 + 51,045 689,929

Currency in circulation* 638,670 + 8,074 + 48,867 642,190

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

Treasury cash holdings* 425 - 15 + 9 425

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

Treasury 4,645 - 1,219 + 305 4,856

Foreign 344 + 54 + 241 233

Service-related balances and adjustments (5) 8,973 - 163 + 1,736 8,973

Other 207 - 14 - 51 223

Other F.R. liabilities and capital 17,756 - 210 - 661 17,429

Total factors, other than reserve balances,

absorbing reserve funds 671,021 + 6,507 + 50,447 674,331

Reserve balances with F.R. Banks (6) 9,176 - 73 + 598 15,598

FEDERAL RESERVE

 December 27, 2001

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 December 26, 2001, 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 $ 732,886 million, a change of $ - 947 million for the week. The total includes

$ 600,096 million of U.S. government securities and $ 132,790 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 $ 18,990 million (daily average over statement week) and $ 18,854 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,990 million (daily average) and $ 18,854 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 4,455 million (daily average)

and $ 5,378 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 $ 967 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 $ 8,584 million and adjustments of $ 390 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

Dec 26, 2001 Week ended

Dec 26, 2001 Dec 19, 2001 Dec 27, 2000
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,066 - 13 + 120

Loans 45 + 1 - 72

Acceptances 0 0 0

Repurchase agreements — triparty (1) 50,250 + 12,550 + 6,265

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 186,389 - 95 + 3,859

Notes (3) 265,944 + 24 + 25,768

Bonds (4) 103,663 + 484 + 10,879

Total bought outright (5) 555,997 + 413 + 40,506

Held under repurchase agreements 0 0 0

Total U.S. government securities 555,997 + 413 + 40,506

Total loans and securities 606,301 + 12,963 + 46,578

Items in process of collection (341) 5,222 - 3,879 - 4,865

Bank premises 1,519 + 1 + 64

Other assets (6) 35,593 + 66 + 1,325

 TOTAL ASSETS ( 3 4 1 ) 662,945 + 9,138 + 43,221

LIABILITIES

Federal Reserve notes 610,501 + 7,565 + 47,341

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 25,771 + 8,999 + 984

U.S. Treasury—general account 4,856 - 2,318 - 464

Foreign—official accounts 233 - 389 + 150

Other ( 0 ) 223 + 15 - 12

Total deposits ( 0 ) 31,084 + 6,309 + 658

Deferred availability cash items (341) 3,932 - 4,466 - 4,145

Other liabilities and accrued dividends (7) 2,594 - 11 - 1,747

TOTAL LIABILITIES ( 3 4 1 ) 648,111 + 9,397 + 42,108

CAPITAL ACCOUNTS

Capital paid in 7,357 + 2 + 333

Surplus 6,712 - 13 + 4,033

Other capital accounts 765 - 247 - 3,253

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Dec 27, 2000

Eliminations from

Consolidation Wednesday

Dec 26, 2001

Wednesday

Dec 19, 2001

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 $ 570 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 $ 397 million of compensation

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

5 Net of $ 18,854 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 5,378 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, December 26, 2001

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 $ 967 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 41 22,044 + 639 0 0 38,250 0

16 days to 90 days 3 117,382 - 1,280 0 0 12,000 0

91 days to 1 year 0 132,180 + 545 0 0 ——— ———

 Over 1 year to 5 years ——— 151,727 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,341 + 24 0 0 ——— ———

Over 10 years ——— 79,322 + 484 0 0 ——— ———

Total 45 555,997 + 413 10 0 50,250 0
 546

 115 55 1 0 0 1 0 11,199 15,978 6,228 33,405 0 33,405 33,407 203 92 1,840 - 115 36,143

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on December 26, 2001Millions 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 $ 570 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 $ 397 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,854 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 5,378 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 1,066 45 0 50,250 10 0 186,389 265,944 103,663 555,997 0 555,997 606,301 5,563 1,519 35,593 0 663,286

 4,451 874 65 0 0 50,250 4 0 76,351 108,940 42,464 227,755 0 227,755 278,009 421 178 13,023 -29,298 267,723

 454 83 42 1 0 0 0 0 7,656 10,923 4,258 22,837 0 22,837 22,839 804 49 1,304 - 1,599 23,976

 538 104 62 0 0 0 1 0 10,912 15,570 6,069 32,551 0 32,551 32,551 130 152 2,094 - 1,597 34,034

 741 147 167 1 0 0 1 0 11,135 15,888 6,193 33,215 0 33,215 33,217 255 132 4,755 +12,624 52,039

 871 166 119 7 0 0 1 0 12,817 18,287 7,128 38,232 0 38,232 38,239 344 285 2,338 + 6,693 49,055

 1,028 212 119 17 0 0 1 0 21,110 30,120 11,741 62,971 0 62,971 62,990 313 105 3,375 + 5,151 73,292

 343 71 59 3 0 0 0 0 6,718 9,585 3,736 20,040 0 20,040 20,044 361 44 956 + 748 22,625

 143 30 32 3 0 0 0 0 582 830 323 1,735 0 1,735 1,738 579 123 653 +12,479 15,777

 317 66 71 7 0 0 0 0 5,753 8,208 3,200 17,161 0 17,161 17,168 263 49 961 - 348 18,547

 477 98 129 0 0 0 0 0 3,379 4,821 1,879 10,079 0 10,079 10,079 275 138 785 + 3,581 15,563

 1,136 234 144 4 0 0 1 0 18,778 26,793 10,444 56,015 0 56,015 56,021 1,615 172 3,509 - 8,320 54,511
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on December 26, 2001Millions 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.

 610,501 0 25,771 4,856 233 224 31,084 4,273 2,594 648,452 7,357 6,712 765 663,286 752,553 142,053 610,501 11,045 2,200 0 597,256 610,501

 31,778 0 3,166 0 2 1 3,169 182 167 35,295 418 358 71 36,143 35,869 4,091 31,778

 251,598 0 6,413 4,856 210 157 11,635 515 816 264,564 1,504 1,468 187 267,723 294,277 42,678 251,598

 22,001 0 1,076 0 1 2 1,079 323 116 23,519 221 228 8 23,976 28,432 6,431 22,001

 30,775 0 1,584 0 2 2 1,588 180 157 32,699 665 472 198 34,034 35,130 4,355 30,775

 44,955 0 3,092 0 7 49 3,149 220 241 48,564 1,757 1,679 39 52,039 55,445 10,490 44,955

 45,923 0 1,729 0 2 2 1,733 106 217 47,980 534 495 46 49,055 64,554 18,631 45,923

 68,375 0 2,783 0 3 4 2,790 282 272 71,720 775 632 166 73,292 74,953 6,577 68,375

 21,398 0 699 0 1 1 700 107 113 22,318 149 138 19 22,625 24,053 2,655 21,398

 13,987 0 958 0 1 0 960 502 65 15,514 180 84 0 15,777 16,052 2,064 13,987

 17,014 0 850 0 1 1 852 189 106 18,161 191 179 17 18,547 21,134 4,121 17,014

 14,071 0 844 0 1 2 847 205 88 15,211 163 188 0 15,563 33,146 19,075 14,071

 48,623 0 2,578 0 3 2 2,583 1,463 237 52,906 799 792 14 54,511 69,508 20,885 48,623