Reserve Bank Credit 641,535 - 5,853 + 61,534 643,085

U.S. government securities (1)

Bought outright-system account (2,3) 582,167 + 1,248 + 57,453 583,672

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 0 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 19,929 - 7,500 + 2,496 19,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 5 - 7 - 3 2

Seasonal credit 94 + 27 + 25 89

Extended credit 0 0 0 0

Float 66 + 265 - 191 940

Other F.R. assets 39,265 + 114 + 1,754 39,371

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,675 + 14 + 1,228 33,675

Total factors supplying reserve funds 688,453 - 5,839 + 62,759 690,003

Currency in circulation* 646,424 + 2,206 + 56,706 648,573

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

Treasury cash holdings* 396 + 3 - 122 407

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

Treasury 5,145 - 1,801 + 92 5,452

Foreign 87 - 3 + 12 82

Service-related balances and adjustments (5) 10,129 + 117 + 3,252 10,129

Other 260 + 23 - 105 251

Other F.R. liabilities and capital 19,123 + 79 + 1,089 18,754

Total factors, other than reserve balances,

absorbing reserve funds 681,565 + 625 + 60,924 683,649

Reserve balances with F.R. Banks (6) 6,888 - 6,464 + 1,835 6,353

FEDERAL RESERVE

 May 9, 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 May 8, 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 $ 742,477 million, a change of $ + 470 million for the week. The total includes

$ 595,294 million of U.S. government securities and $ 147,183 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 $ 20,021 million (daily average over statement week) and $ 18,638 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 20,021 million (daily average) and $ 18,638 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 585 million (daily average)

and $ 370 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,089 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 $ 9,861 million and adjustments of $ 268 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

 May 8, 2002 Week ended

 May 8, 2002 May 1, 2002 May 9, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 973 - 9 - 137

Loans 92 - 4 - 3

Acceptances 0 0 0

Repurchase agreements — triparty (1) 19,000 - 15,500 + 3,993

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 194,812 + 2,796 + 15,904

Notes (3) 283,545 + 9 + 34,176

Bonds (4) 105,315 + 7 + 7,150

Total bought outright (5) 583,672 + 2,812 + 57,230

Held under repurchase agreements 0 0 0

Total U.S. government securities 583,672 + 2,812 + 57,230

Total loans and securities 602,774 - 12,693 + 61,220

Items in process of collection (1,132) 8,527 - 60 - 384

Bank premises 1,514 + 2 + 15

Other assets (6) 37,644 + 369 + 1,589

 TOTAL ASSETS (1,132) 664,674 - 12,392 + 62,299

LIABILITIES

Federal Reserve notes 616,279 + 2,255 + 55,767

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 16,169 - 14,785 + 4,929

U.S. Treasury—general account 5,452 + 1,129 + 1,025

Foreign—official accounts 82 - 10 - 7

Other ( 3 ) 251 + 39 - 104

Total deposits ( 3 ) 21,955 - 13,627 + 5,845

Deferred availability cash items (1,129) 7,686 - 906 - 381

Other liabilities and accrued dividends (7) 2,415 + 42 - 1,046

TOTAL LIABILITIES (1,132) 648,335 - 12,236 + 60,184

CAPITAL ACCOUNTS

Capital paid in 8,101 + 45 + 1,056

Surplus 7,303 + 3 + 824

Other capital accounts 936 - 203 + 235

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 May 9, 2001

Eliminations from

Consolidation Wednesday

 May 8, 2002

Wednesday

 May 1, 2002

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 643 million of compensation

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

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 446 million of compensation

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

5 Net of $ 18,638 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 370 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, May 8, 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 $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,089 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 14 27,663 + 5,142 0 0 14,000 0

16 days to 90 days 78 125,948 + 3,210 0 0 5,000 0

91 days to 1 year 0 133,193 - 5,555 0 0 ——— ———

 Over 1 year to 5 years ——— 161,355 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 54,005 + 6 0 0 ——— ———

Over 10 years ——— 81,509 + 7 0 0 ——— ———

Total 92 583,672 + 2,812 10 0 19,000 0
 533

 115 55 7 0 0 1 0 11,162 16,246 6,034 33,441 0 33,441 33,448 293 92 1,978 - 2,619 33,894

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on May 8, 2002Millions of dollars

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

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 secu2 Face value of the securities.3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 643 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 446 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 18,638 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 37

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 2,200 973 92 0 19,000 10 0 194,812 283,545 105,315 583,672 0 583,672 602,774 9,659 1,514 37,644 0 665,806

 4,369 874 52 0 0 19,000 4 0 76,651 111,564 41,437 229,652 0 229,652 248,656 1,158 181 13,366 + 3,565 272,222

 430 83 51 0 0 0 0 0 7,491 10,903 4,050 22,444 0 22,444 22,444 403 49 1,254 - 2,512 22,202

 522 104 50 0 0 0 1 0 10,749 15,645 5,811 32,204 0 32,204 32,205 490 152 2,484 - 3,743 32,264

 819 147 130 0 0 0 1 0 15,194 22,114 8,214 45,522 0 45,522 45,523 615 131 5,267 + 799 53,431

 926 166 88 0 0 0 1 0 13,871 20,190 7,499 41,560 0 41,560 41,560 838 280 2,540 + 770 47,169

 1,080 212 123 32 0 0 1 0 22,926 33,368 12,393 68,687 0 68,687 68,720 789 108 3,907 - 3,178 71,761

 346 71 55 6 0 0 0 0 6,927 10,082 3,745 20,754 0 20,754 20,760 631 43 1,022 - 1,310 21,619

 1        3,0 4,4 1,6 9,1  9,1 9,1 6 1 6 + 4,5 15,3
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on May 8, 2002Millions of dollars

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

 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 

arrangements and excludes the par value of securities pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.

 616,279 0 16,169 5,452 82 255 21,958 8,815 2,415 649,466 8,101 7,303 936 665,806 749,316 133,037 616,279 11,044 2,200 353 602,682 616,279

 30,577 0 1,659 0 2 11 1,672 620 146 33,016 430 418 29 33,894 35,167 4,590 30,577

 258,134 0 3,196 5,452 58 134 8,840 961 741 268,677 1,682 1,504 358 272,222 299,965 41,832 258,134

 20,625 0 517 0 1 0 518 492 107 21,742 223 221 16 22,202 27,460 6,835 20,625

 29,064 0 1,274 0 3 0 1,277 360 143 30,844 722 665 33 32,264 33,825 4,761 29,064

 46,955 0 1,263 0 7 101 1,371 679 251 49,256 2,114 1,757 303 53,431 57,114 10,159 46,955

 43,904 0 1,147 0 2 0 1,149 907 196 46,156 451 535 27 47,169 61,487 17,584 43,904

 66,062 0 3,149 0 3 1 3,153 638 259 70,112 801 793 55 71,761 72,841 6,779 66,062

 20,237 0 601 0 1 2 604 265 106 21,212 205 149 53 21,619 23,773 3,536 20,237

 13,7  5    5 5  14,8 3 1  15,3 15,9 2,1 13,7