Reserve Bank Credit 665,138 + 9,488 + 56,213 668,066

U.S. government securities (1)

Bought outright-system account (2,3) 603,083 - 687 + 61,031 603,687

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) 23,821 + 10,357 - 6,064 25,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 93 - 690 + 72 45

Seasonal credit 177 - 21 + 63 166

Extended credit 0 0 0 0

Float 137 + 158 - 395 1,502

Other F.R. assets 37,816 + 369 + 1,505 37,657

Gold stock 11,042 0 - 2 11,042

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

Treasury currency outstanding 34,121 + 14 + 1,164 34,121

Total factors supplying reserve funds 712,501 + 9,502 + 57,375 715,430

Currency in circulation* 664,203 + 4,275 + 50,846 665,733

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

Treasury cash holdings* 361 - 8 - 55 360

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

Treasury 4,795 - 1,218 - 457 4,601

Foreign 94 + 16 + 17 128

Service-related balances and adjustments (5) 10,184 + 40 + 2,615 10,184

Other 205 + 2 - 82 223

Other F.R. liabilities and capital 19,557 + 263 + 1,473 19,378

Total factors, other than reserve balances,

absorbing reserve funds 699,398 + 3,369 + 54,356 700,607

Reserve balances with F.R. Banks (6) 13,103 + 6,133 + 3,019 14,822

FEDERAL RESERVE

 September 5, 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 September 4, 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 $ 805,544 million, a change of $ + 3,810 million for the week. The total includes

$ 652,490 million of U.S. government securities and $ 153,054 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 $ 23,238 million (daily average over statement week) and $ 22,736 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 23,238 million (daily average) and $ 22,736 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 146 million (daily average)

and $ 36 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 $ 1,160 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 $ 9,921 million and adjustments of $ 263 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

 Sep 4, 2002 Week ended

 Sep 4, 2002 Aug 28, 2002 Sep 5, 2001
ASSETS

Gold certificate account 11,038 0 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,020 - 1 - 59

Loans 211 + 22 + 16

Acceptances 0 0 0

Repurchase agreements — triparty (1) 25,000 + 9,000 - 6,215

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 203,055 - 717 + 18,926

Notes (3) 294,641 + 1 + 38,447

Bonds (4) 105,990 + 1 + 3,980

Total bought outright (5) 603,687 - 714 + 61,354

Held under repurchase agreements 0 0 0

Total U.S. government securities 603,687 - 714 + 61,354

Total loans and securities 628,908 + 8,308 + 55,155

Items in process of collection (1,200) 13,213 + 6,587 0

Bank premises 1,520 - 2 + 10

Other assets (6) 36,130 - 126 + 1,542

 TOTAL ASSETS (1,200) 694,029 + 14,766 + 56,642

LIABILITIES

Federal Reserve notes 632,988 + 3,256 + 49,923

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 25,668 + 7,819 + 4,731

U.S. Treasury—general account 4,601 - 490 + 243

Foreign—official accounts 128 + 51 + 55

Other ( 0 ) 223 + 24 - 85

Total deposits ( 0 ) 30,622 + 7,406 + 4,946

Deferred availability cash items (1,200) 11,042 + 4,092 + 68

Other liabilities and accrued dividends (7) 2,405 + 13 - 644

TOTAL LIABILITIES (1,200) 677,057 + 14,767 + 54,293

CAPITAL ACCOUNTS

Capital paid in 8,248 0 + 1,056

Surplus 7,312 0 + 577

Other capital accounts 1,413 0 + 717

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Sep 5, 2001

Eliminations from

Consolidation Wednesday

 Sep 4, 2002

Wednesday

Aug 28, 2002

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 $ 649 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 $ 510 million of compensation

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

5 Net of $ 22,736 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 36 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, September 4, 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 $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,160 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 74 16,947 - 8,310 0 0 22,000 0

16 days to 90 days 137 129,569 + 6,013 0 0 3,000 0

91 days to 1 year 0 148,420 - 1,205 0 0 ——— ———

 Over 1 year to 5 years ——— 175,653 + 2,785 10 0 ——— ———

 Over 5 years to 10 years ——— 51,381 + 1 0 0 ——— ———

Over 10 years ——— 81,716 + 1 0 0 ——— ———

Total 211 603,687 - 714 10 0 25,000 0
 533

 115 40 0 0 0 1 0 11,634 16,881 6,073 34,588 0 34,588 34,589 1,015 91 1,880 - 2,437 35,826

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on September 4, 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 649 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 510 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,736 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3

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.

 11,038 2,200 1,020 211 0 25,000 10 0 203,055 294,641 105,990 603,687 0 603,687 628,908 14,413 1,520 36,130 0 695,229

 4,363 874 46 0 0 25,000 4 0 79,894 115,930 41,703 237,527 0 237,527 262,531 1,536 182 12,560 +13,345 295,438

 430 83 47 0 0 0 0 0 7,808 11,330 4,076 23,213 0 23,213 23,214 675 49 1,217 - 4,374 21,340

 522 104 53 0 0 0 1 0 11,204 16,257 5,848 33,308 0 33,308 33,309 974 152 2,443 - 4,966 32,592

 819 147 132 0 0 0 1 0 15,837 22,980 8,266 47,083 0 47,083 47,084 1,108 130 5,387 + 8 54,815

 926 166 134 8 0 0 1 0 14,458 20,980 7,547 42,985 0 42,985 42,994 1,187 279 2,425 - 1,174 46,936

 1,080 212 132 36 0 0 1 0 23,896 34,673 12,473 71,042 0 71,042 71,079 1,089 111 3,700 - 8,107 69,296

 346 71 61 28 0 0 0 0 7,220 10,477 3,769 21,466 0 21,466 21,494 703 43 936 - 2,028 21,626

 1        3,1 4,6 1,6 9,4  9,4 9,5 8 1 6 + 4,2 15,5
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on September 4, 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.

 632,988 0 25,668 4,601 128 223 30,622 12,242 2,405 678,256 8,248 7,312 1,413 695,229 747,342 114,354 632,988 11,038 2,200 0 619,750 632,988

 29,401 0 4,480 0 2 10 4,491 896 145 34,933 432 418 42 35,826 34,292 4,890 29,401

 280,434 0 4,399 4,601 105 132 9,237 1,287 748 291,706 1,769 1,504 459 295,438 313,590 33,156 280,434

 19,272 0 915 0 1 0 917 553 108 20,849 237 221 32 21,340 26,482 7,211 19,272

 28,168 0 2,116 0 3 0 2,119 761 138 31,186 688 665 53 32,592 32,608 4,440 28,168

 46,655 0 2,603 0 7 75 2,685 1,041 244 50,625 2,067 1,757 366 54,815 55,796 9,141 46,655

 43,044 0 1,651 0 2 0 1,653 996 200 45,893 473 535 36 46,936 58,704 15,660 43,044

 62,624 0 3,706 0 3 0 3,710 975 256 67,565 836 793 102 69,296 68,593 5,969 62,624

 19,766 0 985 0 1 4 989 345 106 21,206 201 149 69 21,626 22,994 3,229 19,766

 13,6  5    5 7  15,0 3 1 1 15,5 15,5 1,8 13,6