Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 713,231 - 3,690 + 62,941 722,100

Securities held outright 651,585 + 383 + 62,515 651,613

U.S. Treasury1 651,575 + 383 + 62,515 651,603

Bills2 238,400 + 390 + 43,339 238,430

Notes and bonds, nominal2 398,853 0 + 17,619 398,853

Notes and bonds, inflation-indexed2 12,814 0 + 1,212 12,814

Inflation compensation3 1,508 - 6 + 345 1,505

Federal agency2 10 0 0 10

Repurchase agreements4 23,286 - 4,527 - 650 32,500

Loans to depository institutions 62 - 14 - 49 65

Primary credit 2 - 10 + 2 0

Secondary credit 0 0 0 0

Seasonal credit 61 - 3 - 45 64

Adjustment credit 0 0 - 5 0

Float -76 + 241 + 148 -667

Other Federal Reserve assets 38,374 + 226 + 977 38,589

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding5 35,902 + 14 + 2,000 35,902

Total factors supplying reserve funds 762,377 - 3,676 + 64,941 771,246

Currency in circulation5 693,094 - 756 + 38,696 693,985

Reverse repurchase agreements6 20,816 - 1,171 + 20,816 21,211

Foreign official and international accounts 20,816 - 992 + 20,816 21,211

Dealers 0 - 179 0 0

Treasury cash holdings 385 + 9 - 26 381

Deposits with F.R. Banks, other than reserve balances 17,773 - 69 + 2,157 17,222

U.S. Treasury, general account 6,515 + 28 + 1,226 6,031

Foreign official 139 + 16 + 54 80

Service-related 10,878 - 125 + 874 10,878

Required clearing balances 10,833 0 + 1,023 10,833

Adjustments to compensate for float 45 - 125 - 149 45

Other 241 + 12 + 3 233

Other liabilities and capital 20,190 + 200 + 441 20,119

Total factors, other than reserve balances,

absorbing reserve funds 752,258 - 1,787 + 62,084 752,917

Reserve balances with Federal Reserve Banks 10,119 - 1,889 + 2,857 18,329

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 935,466 + 2,097 . . . 936,154

U.S. Treasury 746,591 + 3,072 . . . 749,192

Federal agency 188,875 - 975 . . . 186,962

Securities lent to dealers 767 - 47 + 505 318

FEDERAL RESERVE statistical release

 June 12, 2003

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

. . . Not available.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Estimated.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Jun 11, 2003 Week ended

 Jun 11, 2003 Jun 4, 2003 Jun 12, 2002
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Assets

Gold certificate account 11,040 0 - 4

Special drawing rights certificate account 2,200 0 0

Coin 926 + 17 - 6

Securities, repurchase agreements, and loans 684,177 + 13,700 + 60,163

Securities held outright 651,613 + 200 + 62,207

U.S. Treasury1 651,603 + 200 + 62,207

Bills2 238,430 + 207 + 43,041

Notes and bonds, nominal2 398,853 0 + 17,619

Notes and bonds, inflation-indexed2 12,814 0 + 1,212

Inflation compensation3 1,505 - 7 + 334

Federal agency2 10 0 0

Repurchase agreements4 32,500 + 13,500 - 2,000

Loans 65 0 - 42

Items in process of collection (1,061) 7,231 - 2,652 - 509

Bank premises 1,579 0 + 63

Other assets5 37,010 + 505 + 980

Total assets (1,061) 744,164 + 11,570 + 60,688

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 659,386 - 692 + 35,933

Reverse repurchase agreements6 21,211 - 462 + 21,211

Deposits ( 0 ) 35,693 + 13,501 + 2,684

Depository institutions 29,349 + 13,602 + 1,419

U.S. Treasury, general account 6,031 - 95 + 1,304

Foreign official 80 + 3 - 29

Other ( 0 ) 233 - 10 - 10

Deferred availability cash items (1,061) 7,755 - 1,060 + 270

Other liabilities and accrued dividends7 2,355 + 50 - 208

Total liabilities (1,061) 726,400 + 11,337 + 59,890

Capital accounts

Capital paid in 8,656 + 72 + 362

Surplus 8,380 0 + 1,068

Other capital accounts 728 + 162 - 632

Total capital 17,764 + 234 + 798

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 12, 2002

Eliminations from

consolidation Wednesday

 Jun 11, 2003

Wednesday

 Jun 4, 2003

3. Maturity Distribution of Loans and Securities, June 11, 2003

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original

face value of such securities.

2. Cash value of agreements classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 20 45,561 - 240 0 0 27,500 21,211

16 days to 90 days 45 143,282 - 627 0 0 5,000 0

91 days to 1 year 0 155,918 + 1,073 10 0 . . . . . . 

Over 1 year to 5 years . . . 180,191 - 2 0 0 . . . . . . 

Over 5 years to 10 years . . . 46,668 - 2 0 0 . . . . . . 

Over 10 years . . . 79,982 - 3 0 0 . . . . . . 

All 65 651,603 + 200 10 0 32,500 21,211

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 11, 2003Millions of dollars

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

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

Note: Components may not sum to totals because of rounding.1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such sec

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

 11,040 2,200 926 684,177 651,613 651,603 238,430 413,173 10 32,500 65 8,292 1,579 37,010 0 745,224

Assets, liabilities, and capital

 4,707 874 37 311,281 278,781 278,777 102,008 176,768 4 32,500 0 620 185 13,269 +12,169 343,143

 495 115 44 31,504 31,503 31,502 11,527 19,975 0 0 2 465 91 1,712 - 2,807 31,619

 380 83 61 20,373 20,372 20,372 7,454 12,917 0 0 0 386 52 1,025 - 3,097 19,263

 477 104 38 30,533 30,533 30,533 11,172 19,360 0 0 0 335 152 2,321 - 2,466 31,494

 808 147 117 50,111 50,111 50,110 18,336 31,774 1 0 0 646 143 5,912 - 1,391 56,494

 863 166 99 44,025 44,020 44,020 16,107 27,912 1 0 5 783 278 2,151 - 2,118 46,248

 982 212 116 65,859 65,846 65,845 24,093 41,751 1 0 14 699 117 3,439 - 6,459 64,965

 331 71 53 20,518 20,501 20,500 7,501 12,999 0 0 17 467 43 954 - 1,151 21,286

 2   14,5 14,5 14,5 5,3 9,2    3 1 1,1 - 4 16,0
 762,447

 98,811 663,636 663,636 11,040 2,200 650,396 0 684,113 21,222 662,891

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

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

 762,447 103,061 659,386 21,211 35,693 29,349 6,031 80 233 8,816 2,355 727,460 8,656 8,380 728 745,224

 31,916 4,351 27,565 1,025 1,419 1,417 0 2 0 559 135 30,704 446 436 33 31,619

 332,783 23,479 309,304 9,075 19,175 12,930 6,031 56 157 874 729 339,156 1,893 1,809 285 343,143

 24,213 7,431 16,782 663 664 663 0 1 0 540 96 18,746 251 233 33 19,263

 30,989 4,033 26,956 994 1,561 1,558 0 3 1 429 130 30,071 693 702 28 31,494

 55,252 7,947 47,305 1,631 2,430 2,354 0 7 69 639 271 52,276 2,081 2,073 64 56,494

 60,510 19,574 40,935 1,433 1,765 1,763 0 2 0 944 182 45,259 477 475 36 46,248

 63,581 6,998 56,583 2,143 3,323 3,319 0 3 0 835 233 63,117 903 858 87 64,965

 22,722 3,608 19,114 667 659 656 0 1 2 275 101 20,817 228 199 43 21,286

 15,3 1,4 13,8 4 5 5    3  15,3 3 3  16,0

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 11, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other eligible assets

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Jun 11, 2003

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury and agency securities held outright,

compensation to adjust for the effect of inflation on the original face value ofinflation-indexed securities, and cash value of repurchase agreements.