Reserve Bank Credit 655,498 - 3,165 + 59,126 659,027

U.S. government securities (1)

Bought outright-system account (2,3) 600,142 + 2,526 + 64,069 600,455

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) 15,429 - 5,678 - 6,885 19,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 23 + 8 + 17 4

Seasonal credit 180 - 3 - 16 182

Extended credit 0 0 0 0

Float -486 - 80 - 303 -950

Other F.R. assets 40,200 + 62 + 2,244 39,826

Gold stock 11,044 0 0 11,042

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

Treasury currency outstanding 33,983 + 14 + 1,257 33,983

Total factors supplying reserve funds 702,724 - 3,152 + 60,383 706,252

Currency in circulation* 659,578 - 81 + 57,087 661,131

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

Treasury cash holdings* 381 + 3 - 37 377

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

Treasury 5,779 + 468 + 548 6,242

Foreign 94 + 17 + 15 164

Service-related balances and adjustments (5) 10,222 - 17 + 2,860 10,222

Other 216 - 2 - 90 236

Other F.R. liabilities and capital 19,201 - 564 + 1,144 18,940

Total factors, other than reserve balances,

absorbing reserve funds 695,471 - 176 + 61,526 697,311

Reserve balances with F.R. Banks (6) 7,254 - 2,975 - 1,142 8,941

FEDERAL RESERVE

 August 1, 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 July 31, 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 $ 798,001 million, a change of $ + 7,038 million for the week. The total includes

$ 645,831 million of U.S. government securities and $ 152,171 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 $ 22,498 million (daily average over statement week) and $ 22,185 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,498 million (daily average) and $ 22,185 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,203 million (daily average)

and $ 2,544 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 $ 1,151 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 $ 9,962 million and adjustments of $ 259 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

Jul 31, 2002 Week ended

Jul 31, 2002 Jul 24, 2002 Aug 1, 2001
ASSETS

Gold certificate account 11,038 - 1 - 6

Special drawing rights certificate account 2,200 0 0

Coin 947 + 25 - 163

Loans 186 - 102 - 6

Acceptances 0 0 0

Repurchase agreements — triparty (1) 19,500 - 7,250 - 7,650

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 202,969 - 55 + 22,264

Notes (3) 291,777 0 + 37,149

Bonds (4) 105,709 0 + 4,941

Total bought outright (5) 600,455 - 55 + 64,355

Held under repurchase agreements 0 0 0

Total U.S. government securities 600,455 - 55 + 64,355

Total loans and securities 620,151 - 7,408 + 56,699

Items in process of collection (1,026) 6,498 - 393 - 1,862

Bank premises 1,519 - 3 + 14

Other assets (6) 38,193 - 526 + 2,158

 TOTAL ASSETS (1,026) 680,546 - 8,306 + 56,840

LIABILITIES

Federal Reserve notes 628,468 + 534 + 54,732

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,183 - 10,166 - 164

U.S. Treasury—general account 6,242 + 1,157 + 2,094

Foreign—official accounts 164 + 86 + 92

Other ( 0 ) 236 + 9 - 94

Total deposits ( 0 ) 25,825 - 8,914 + 1,928

Deferred availability cash items (1,026) 7,313 + 361 - 1,125

Other liabilities and accrued dividends (7) 2,363 - 28 - 692

TOTAL LIABILITIES (1,026) 663,969 - 8,048 + 54,843

CAPITAL ACCOUNTS

Capital paid in 8,266 + 1 + 1,101

Surplus 7,312 0 + 587

Other capital accounts 999 - 259 + 309

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Aug 1, 2001

Eliminations from

Consolidation Wednesday

Jul 31, 2002

Wednesday

Jul 24, 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 $ 644 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 $ 507 million of compensation

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

5 Net of $ 22,185 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,544 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, July 31, 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 $ 1,151 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 151 21,605 - 875 0 0 17,500 0

16 days to 90 days 35 124,250 - 6,436 0 0 2,000 0

91 days to 1 year 0 147,388 + 5,625 0 0 ——— ———

 Over 1 year to 5 years ——— 171,575 + 1,631 10 0 ——— ———

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

Over 10 years ——— 81,632 0 0 0 ——— ———

Total 186 600,455 - 55 10 0 19,500 0
 533

 115 40 0 0 0 1 0 11,629 16,717 6,057 34,403 0 34,403 34,403 517 91 2,005 - 5,353 32,352

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on July 31, 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 $ 644 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 $ 507 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,185 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,54

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 2,200 947 186 0 19,500 10 0 202,969 291,777 105,709 600,455 0 600,455 620,151 7,524 1,519 38,193 0 681,572

 4,363 874 47 3 0 19,500 4 0 79,860 114,803 41,592 236,256 0 236,256 255,763 688 183 13,418 +18,468 293,803

 430 83 41 0 0 0 0 0 7,805 11,220 4,065 23,089 0 23,089 23,090 433 49 1,261 - 3,907 21,479

 522 104 46 0 0 0 1 0 11,199 16,099 5,832 33,130 0 33,130 33,131 291 152 2,553 - 6,160 30,639

 819 147 125 0 0 0 1 0 15,830 22,757 8,245 46,831 0 46,831 46,832 529 130 5,501 - 1,341 52,741

 926 166 121 6 0 0 1 0 14,452 20,776 7,527 42,755 0 42,755 42,761 533 279 2,574 - 100 47,261

 1,080 212 115 44 0 0 1 0 23,885 34,336 12,440 70,662 0 70,662 70,706 568 111 3,955 - 7,995 68,752

 346 71 57 34 0 0 0 0 7,217 10,375 3,759 21,351 0 21,351 21,385 365 43 1,020 - 2,024 21,264

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

Statement of Condition of Each Federal Reserve Bank on July 31, 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.

 628,468 0 19,183 6,242 164 236 25,825 8,339 2,363 664,995 8,266 7,312 999 681,572 748,243 119,775 628,468 11,038 2,200 0 615,230 628,468

 29,949 0 786 0 2 11 799 592 144 31,484 432 418 18 32,352 34,770 4,822 29,949

 275,063 0 6,828 6,242 140 126 13,335 832 750 289,981 1,852 1,504 466 293,803 310,356 35,293 275,063

 19,674 0 772 0 1 0 773 452 106 21,005 235 221 18 21,479 26,508 6,835 19,674

 27,913 0 836 0 3 0 839 391 135 29,278 687 665 10 30,639 32,583 4,670 27,913

 46,078 0 1,680 0 7 59 1,746 635 226 48,684 2,059 1,757 240 52,741 56,054 9,977 46,078

 43,960 0 1,300 0 2 0 1,303 791 197 46,250 473 535 3 47,261 59,682 15,722 43,960

 63,626 0 2,539 0 3 1 2,543 675 255 67,099 818 793 41 68,752 69,878 6,252 63,626

 19,758 0 718 0 1 36 754 237 105 20,854 201 149 59 21,264 23,289 3,531 19,758

 13,6  3    3 5  14,6 3 1  15,1 15,6 1,9 13,6