Reserve Bank Credit 622,763 + 1,650 + 50,872 617,949

U.S. government securities (1)

Bought outright-system account (2,3) 550,440 + 946 + 37,173 552,758

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) 34,571 - 672 + 10,894 28,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 8 - 1 - 61 2

Seasonal credit 34 + 1 - 87 36

Extended credit 0 0 0 0

Float 1,692 + 1,008 + 1,172 1,014

Other F.R. assets 36,007 + 367 + 1,900 36,128

Gold stock 11,045 0 - 1 11,045

Special drawing rights certificate account 2,200 0 - 1,000 2,200

Treasury currency outstanding 33,139 + 26 + 1,738 33,139

Total factors supplying reserve funds 669,147 + 1,676 + 51,610 664,333

Currency in circulation* 625,473 - 759 + 46,195 626,844

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

Treasury cash holdings* 435 + 6 + 82 441

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

Treasury 5,500 + 426 + 225 4,788

Foreign 394 + 67 + 313 86

Service-related balances and adjustments (5) 8,532 + 374 + 1,926 8,532

Other 245 - 18 - 18 243

Other F.R. liabilities and capital 18,048 + 233 - 224 17,716

Total factors, other than reserve balances,

absorbing reserve funds 658,627 + 329 + 48,499 658,650

Reserve balances with F.R. Banks (6) 10,520 + 1,346 + 3,111 5,683

FEDERAL RESERVE

 December 6, 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 5, 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 $ 734,033 million, a change of $ - 3,318 million for the week. The total includes

$ 603,298 million of U.S. government securities and $ 130,736 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 $ 19,766 million (daily average over statement week) and $ 18,889 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,766 million (daily average) and $ 18,889 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 4,244 million (daily average)

and $ 3,862 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 $ 8,248 million and adjustments of $ 285 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 5, 2001 Week ended

 Dec 5, 2001 Nov 28, 2001 Dec 6, 2000
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 - 1,000

Coin 1,049 + 3 + 135

Loans 39 + 4 - 95

Acceptances 0 0 0

Repurchase agreements — triparty (1) 28,000 - 11,350 + 5,475

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 185,817 + 518 + 2,433

Notes (3) 263,851 + 1,475 + 26,823

Bonds (4) 103,090 0 + 10,402

Total bought outright (5) 552,758 + 1,993 + 39,658

Held under repurchase agreements 0 0 0

Total U.S. government securities 552,758 + 1,993 + 39,658

Total loans and securities 580,807 - 9,354 + 44,918

Items in process of collection ( 9 8 6 ) 10,777 + 2,740 + 1,399

Bank premises 1,520 + 1 + 79

Other assets (6) 34,708 - 71 + 1,911

 TOTAL ASSETS ( 9 8 6 ) 642,105 - 6,682 + 47,440

LIABILITIES

Federal Reserve notes 595,194 - 26 + 44,899

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,853 - 8,430 + 2,698

U.S. Treasury—general account 4,788 + 475 - 427

Foreign—official accounts 86 - 265 - 3

Other ( 0 ) 243 - 29 - 1

Total deposits ( 0 ) 19,970 - 8,249 + 2,268

Deferred availability cash items (986) 9,225 + 1,735 + 631

Other liabilities and accrued dividends (7) 2,681 - 6 - 1,716

TOTAL LIABILITIES ( 9 8 6 ) 627,070 - 6,546 + 46,082

CAPITAL ACCOUNTS

Capital paid in 7,357 - 13 + 269

Surplus 6,730 - 3 + 4,051

Other capital accounts 949 - 120 - 2,961

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Dec 6, 2000

Eliminations from

Consolidation Wednesday

 Dec 5, 2001

Wednesday

Nov 28, 2001

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

2 Face value of the securities.

3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 583 million of compensation

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

4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 368 million of compensation

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

5 Net of $ 18,889 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 3,862 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 5, 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 $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 951 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 17 15,078 - 8,869 0 0 18,000 0

16 days to 90 days 22 125,205 + 11,896 0 0 10,000 0

91 days to 1 year 0 129,286 - 1,037 0 0 ——— ———

 Over 1 year to 5 years ——— 151,093 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 53,251 0 0 0 ——— ———

Over 10 years ——— 78,845 0 0 0 ——— ———

Total 39 552,758 + 1,993 10 0 28,000 0
 546

 115 53 2 0 0 1 0 11,164 15,853 6,194 33,211 0 33,211 33,213 841 92 1,772 - 3,199 33,434

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on December 5, 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 583 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 368 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,889 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,862 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 1,049 39 0 28,000 10 0 185,817 263,851 103,090 552,758 0 552,758 580,807 11,763 1,520 34,708 0 643,091

 4,451 874 67 0 0 28,000 4 0 76,117 108,082 42,229 226,428 0 226,428 254,432 1,223 177 12,516 -15,440 258,300

 454 83 40 0 0 0 0 0 7,632 10,837 4,234 22,704 0 22,704 22,704 497 49 1,262 - 1,695 23,394

 538 104 63 0 0 0 1 0 10,879 15,447 6,035 32,361 0 32,361 32,362 517 152 2,066 - 2,102 33,699

 741 147 173 0 0 0 1 0 11,101 15,763 6,159 33,022 0 33,022 33,023 754 133 4,790 +10,552 50,312

 871 166 112 4 0 0 1 0 12,777 18,143 7,089 38,009 0 38,009 38,014 1,177 285 2,271 + 4,138 47,034

 1,028 212 119 10 0 0 1 0 21,045 29,883 11,676 62,604 0 62,604 62,616 732 111 3,331 + 4,948 73,097

 343 71 57 4 0 0 0 0 6,697 9,510 3,716 19,923 0 19,923 19,928 689 42 919 + 531 22,578

 143 30 33 3 0 0 0 0 580 823 322 1,725 0 1,725 1,728 637 123 661 +10,764 14,120

 317 66 67 10 0 0 0 0 5,735 8,144 3,182 17,061 0 17,061 17,071 735 49 930 - 924 18,311

 477 98 127 1 0 0 0 0 3,369 4,783 1,869 10,021 0 10,021 10,022 808 136 775 + 2,472 14,916

 1,136 234 137 4 0 0 1 0 18,721 26,582 10,386 55,689 0 55,689 55,694 3,152 172 3,417 -10,046 53,896
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on December 5, 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.

 595,194 0 14,853 4,788 86 243 19,970 10,210 2,681 628,055 7,357 6,730 949 643,091 748,513 153,318 595,194 11,045 2,200 1,181 580,768 595,194

 31,053 0 729 0 2 1 731 623 164 32,572 418 358 85 33,434 35,998 4,945 31,053

 245,534 0 2,467 4,788 62 134 7,451 1,260 854 255,098 1,503 1,468 232 258,300 289,503 43,969 245,534

 21,819 0 453 0 1 0 454 536 121 22,930 222 228 15 23,394 28,691 6,872 21,819

 30,360 0 1,377 0 2 0 1,380 462 166 32,368 665 472 194 33,699 35,433 5,073 30,360

 43,690 0 1,896 0 7 87 1,990 876 249 46,805 1,756 1,679 72 50,312 55,574 11,884 43,690

 43,339 0 1,385 0 2 1 1,388 985 222 45,933 531 495 75 47,034 64,616 21,278 43,339

 68,011 0 2,469 0 3 3 2,475 733 283 71,502 775 632 188 73,097 75,608 7,597 68,011

 21,150 0 734 0 1 1 735 267 113 22,265 149 138 26 22,578 24,045 2,895 21,150

 12,704 0 464 0 1 2 466 606 63 13,840 180 101 0 14,120 14,990 2,285 12,704

 16,670 0 563 0 1 13 577 567 106 17,920 190 179 21 18,311 21,147 4,477 16,670

 13,408 0 612 0 1 1 614 447 92 14,561 163 188 4 14,916 33,068 19,659 13,408

 47,455 0 1,704 0 3 1 1,708 2,849 248 52,261 805 792 38 53,896 69,839 22,384 47,455