FEDERAL RESERVE
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
                                                                                            August 22, 2002
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items     Aug 21, 2002 Aug 14, 2002 Aug 22, 2001 Aug 21, 2002

Reserve Bank Credit                                         658,647    +   5,173    +  57,478      665,425
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    602,139    +   1,922    +  61,318      602,919
    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)                      19,500    +   6,179    -   5,053       25,250
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             2    -      13    -       8            2
    Seasonal credit                                             191    +      10    +      27          202
    Extended credit                                               0            0            0            0
   Float                                                       -293    +     407    -     223         -289
   Other F.R. assets                                         37,098    -   3,331    +   1,418       37,330
Gold stock                                                   11,042            0    -       2       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,093    +      14    +   1,228       34,093
        Total factors supplying reserve funds               705,983    +   5,188    +  58,705      712,760
                                                                   
Currency in circulation*                                    660,348    -     527    +  53,019      660,897
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         371    -      10    -      41          370
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,387    -     509    -     926        4,629
  Foreign                                                       129    +      53    +      57           89
  Service-related balances and adjustments (5)               10,160    +       5    +   2,675       10,160
  Other                                                         211    +      10    -      94          202
Other F.R. liabilities and capital                           19,701    +     229    +   1,238       19,205
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             695,308    -     748    +  55,928      695,553

Reserve balances with F.R. Banks  (6)                        10,675    +   5,936    +   2,777       17,207
                                                                
On    August 21, 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 $    805,388 million, a change of $  +   9,394 million for the week. The total includes
$    651,190 million of U.S. government securities and $    154,198 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 $     22,315 million (daily average over statement week) and $     22,328 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     22,315 million (daily average)
   and $     22,328 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        780 million (daily average) and $          0 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,156 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 $      9,920 million and adjustments of $        241 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Aug 21, 2002     Aug 14, 2002     Aug 22, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       6
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,017        +      17        -     106
Loans                                                              204        -      81        +      35
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           25,250        +   9,250        -   9,015
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       203,139        +   1,177        +  19,153
                   Notes (3)                                   293,914        +   1,215        +  38,135
                   Bonds (4)                                   105,866        +     156        +   4,853
    Total bought outright (5)                                  602,919        +   2,547        +  62,141
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          602,919        +   2,547        +  62,141
       Total loans and securities                              628,383        +  11,717        +  53,161
                          
Items in process of collection                    (1,060)        6,991        +     372        +     150
Bank premises                                                    1,522        +       1        +      10
Other assets (6)                                                35,737        -   3,601        +   1,463
                TOTAL ASSETS                      (1,060)      686,888        +   8,506        +  54,672
                          
                LIABILITIES
Federal Reserve notes                                          628,187        -     915        +  50,458
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       27,273        +  10,315        +   3,214
  U.S. Treasury--general account                                 4,629        -     562        -     486
  Foreign--official accounts                                        89        +      10        +      14
    Other                                             (0)          202        +      10        -      83
      Total deposits                                  (0)       32,193        +   9,773        +   2,659
Deferred availability cash items                  (1,060)        7,302        +     153        +     273
Other liabilities and accrued dividends (7)                      2,388        -      12        -     680
                TOTAL LIABILITIES                 (1,060)      670,071        +   8,999        +  52,712
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,303        +      16        +   1,134
Surplus                                                          7,312                0        +     562
Other capital accounts                                           1,203        -     510        +     265

*Figures in parentheses are the eliminations made in the consolidation process.
1  Cash value of agreements arranged through third-party custodial banks.
2  Face value of the securities.
3  Includes $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        647 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and 
   $        509 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     22,328 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $          0 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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,    August 21, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days             183       24,726   +   1,627            0           0       21,250           0
16 days to 90 days          21      122,596   -   4,643            0           0        4,000           0
91 days to 1 year            0      150,483   +   8,140            0           0     ------      ------
Over 1 to 5 years                   172,143   +      93           10           0     ------      ------
Over 5 to 10 years                   51,258   -   2,749            0           0     ------      ------
Over 10 years                        81,714   +      81            0           0     ------      ------
                   		 	
Total                      204      602,919   +   2,547           10           0       25,250           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,156 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.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON    August 21, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,038        533      4,363        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,017         43         48         48         53        131        131        133         62         33         70        143        123
                       
Loans                                            204          0          0          0          0          0          7         48         37         77         23          8          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          25,250          0     25,250          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     203,139     11,639     79,927      7,811     11,208     15,843     14,464     23,905      7,223      3,176      6,005      4,508     17,429
                   Notes (3)                 293,914     16,840    115,644     11,302     16,217     22,923     20,928     34,588     10,451      4,595      8,688      6,523     25,217
                   Bonds (4)                 105,866      6,066     41,654      4,071      5,841      8,257      7,538     12,458      3,764      1,655      3,129      2,350      9,083
     Total bought outright(5)                602,919     34,544    237,225     23,184     33,266     47,023     42,930     70,952     21,439      9,425     17,822     13,381     51,728
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             602,919     34,544    237,225     23,184     33,266     47,023     42,930     70,952     21,439      9,425     17,822     13,381     51,728
       Total loans and securities            628,383     34,545    262,479     23,184     33,267     47,024     42,938     71,000     21,476      9,503     17,846     13,389     51,732
                       
Items in process of collection                 8,051        442      1,038        350        421        562        676        824        412        623        329        193      2,180
Bank premises                                  1,522         92        183         49        152        130        280        111         43        124         49        138        172
Other assets(6)                               35,737      1,863     12,460      1,134      2,423      5,330      2,397      3,663        934        612        935        787      3,199
Interdistrict settlement account                   0    - 3,653    +16,133    - 4,126    - 5,564    +   795    -   930    - 9,544    - 2,328    + 4,016    - 1,293    +11,186    - 4,693
          TOTAL ASSETS                       687,948     33,981    297,578     21,152     31,378     54,938     46,584     67,479     21,016     15,120     18,310     26,419     53,992

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 $      7,168 million of inflation-indexed securities valued at the original face amount and  $        647 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and  $        509 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     22,328 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $          0 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.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON    August 21, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         628,187     29,315    277,460     19,419     27,745     46,332     43,115     62,374     19,614     13,599     16,410     24,922     47,880
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      27,273      3,051      9,885        610      1,681      3,540      1,443      2,451        638        346      1,109        665      1,855
  U.S. Treasury--general account                4,629          0      4,629          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       89          2         65          1          3          7          2          3          1          1          1          1          3
  Other                                           202         17        132          0          1         45          0          0          3          0          1          1          0
    Total deposits                             32,193      3,069     14,710        611      1,685      3,593      1,445      2,454        642        347      1,111        667      1,858
Deferred credit items                           8,362        574        802        531        426        684        800        727        236        547        270        397      2,368
Other liabilities and accrued                 
  dividends (2)                                 2,388        145        749        106        138        227        199        256        106         80         96         90        197
    TOTAL LIABILITIES                         671,131     33,103    293,721     20,668     29,994     50,836     45,560     65,812     20,598     14,573     17,888     26,076     52,303
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,303        432      1,853        237        688      2,060        473        819        201        326        207        170        837
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,203         28        501         26         31        284         17         56         67        103         25         10         56
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              687,948     33,981    297,578     21,152     31,378     54,938     46,584     67,479     21,016     15,120     18,310     26,419     53,992
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        746,997     34,398    311,559     26,557     32,386     55,765     59,248     68,860     23,091     15,547     20,722     34,051     64,814
  Less--Held by F.R. Banks                    118,810      5,083     34,099      7,138      4,641      9,433     16,132      6,486      3,477      1,947      4,312      9,129     16,934
  F.R. notes, net                             628,187     29,315    277,460     19,419     27,745     46,332     43,115     62,374     19,614     13,599     16,410     24,922     47,880
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        614,949
     Total collateral                         628,187

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal 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.