Reserve Bank Credit 655,848 + 12,034 + 65,276 673,631

U.S. government securities (1)

Bought outright-system account (2,3) 587,669 + 2,547 + 58,501 587,559

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) 31,204 + 8,311 + 4,670 47,425

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 7 - 5 - 15 3

Seasonal credit 129 + 24 + 43 143

Extended credit 0 0 0 0

Float -180 + 568 + 327 1,179

Other F.R. assets 37,009 + 588 + 1,750 37,312

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,717 + 14 + 1,184 33,717

Total factors supplying reserve funds 702,808 + 12,047 + 66,458 720,591

Currency in circulation* 653,948 + 5,197 + 58,978 656,219

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

Treasury cash holdings* 412 + 1 - 98 416

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

Treasury 5,012 + 98 - 136 3,947

Foreign 109 + 33 - 39 208

Service-related balances and adjustments (5) 10,159 0 + 3,281 10,159

Other 207 - 10 - 87 210

Other F.R. liabilities and capital 19,701 + 241 + 1,741 19,306

Total factors, other than reserve balances,

absorbing reserve funds 689,548 + 5,562 + 63,640 690,465

Reserve balances with F.R. Banks (6) 13,260 + 6,486 + 2,818 30,126

FEDERAL RESERVE

 May 30, 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 May 29, 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 $ 755,858 million, a change of $ + 8,688 million for the week. The total includes

$ 612,484 million of U.S. government securities and $ 143,373 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 $ 21,611 million (daily average over statement week) and $ 21,738 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 21,611 million (daily average) and $ 21,738 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 83 million (daily average)

and $ 537 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,138 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 $ 9,770 million and adjustments of $ 390 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

May 29, 2002 Week ended

May 29, 2002 May 22, 2002 May 30, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 928 - 9 - 142

Loans 146 + 11 + 56

Acceptances 0 0 0

Repurchase agreements — triparty (1) 47,425 + 23,925 + 5,045

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 194,822 + 1,604 + 16,036

Notes (3) 287,329 + 1,319 + 34,972

Bonds (4) 105,408 + 34 + 7,178

Total bought outright (5) 587,559 + 2,957 + 58,187

Held under repurchase agreements 0 0 0

Total U.S. government securities 587,559 + 2,957 + 58,187

Total loans and securities 635,140 + 26,893 + 63,287

Items in process of collection (1,096) 10,850 + 4,380 + 238

Bank premises 1,516 + 1 + 17

Other assets (6) 35,547 + 504 + 1,734

 TOTAL ASSETS (1,096) 697,225 + 31,769 + 65,131

LIABILITIES

Federal Reserve notes 623,847 + 5,029 + 58,205

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 40,014 + 24,117 + 6,019

U.S. Treasury—general account 3,947 - 77 - 354

Foreign—official accounts 208 + 136 + 136

Other ( 0 ) 210 - 7 - 85

Total deposits ( 0 ) 44,379 + 24,168 + 5,715

Deferred availability cash items (1,096) 9,693 + 2,671 - 357

Other liabilities and accrued dividends (7) 2,522 + 53 - 868

TOTAL LIABILITIES (1,096) 680,441 + 31,922 + 62,695

CAPITAL ACCOUNTS

Capital paid in 8,267 + 171 + 1,198

Surplus 7,312 0 + 746

Other capital accounts 1,206 - 324 + 494

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

May 30, 2001

Eliminations from

Consolidation Wednesday

May 29, 2002

Wednesday

May 22, 2002

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

2 Face value of the securities.

3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 671 million of compensation

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

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 467 million of compensation

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

5 Net of $ 21,738 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 537 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, May 29, 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 $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,138 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 140 26,248 - 546 0 0 42,425 0

16 days to 90 days 7 128,379 + 1,976 0 0 5,000 0

91 days to 1 year 0 133,249 + 1,488 0 0 ——— ———

 Over 1 year to 5 years ——— 166,469 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 51,685 + 31 0 0 ——— ———

Over 10 years ——— 81,529 + 7 0 0 ——— ———

Total 146 587,559 + 2,957 10 0 47,425 0
 533

 115 48 8 0 0 1 0 11,162 16,462 6,039 33,664 0 33,664 33,672 838 92 1,858 - 1,559 35,597

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on May 29, 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 671 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 467 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 21,738 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 53

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.

 11,044 2,200 928 146 0 47,425 10 0 194,822 287,329 105,408 587,559 0 587,559 635,140 11,946 1,516 35,547 0 698,321

 4,369 874 49 0 0 47,425 4 0 76,655 113,053 41,474 231,181 0 231,181 278,610 1,306 182 12,471 - 8,490 289,370

 430 83 46 0 0 0 0 0 7,491 11,049 4,053 22,593 0 22,593 22,594 583 49 1,171 - 2,109 22,847

 522 104 45 0 0 0 1 0 10,749 15,853 5,816 32,418 0 32,418 32,419 438 151 2,383 - 1,176 34,887

 819 147 125 2 0 0 1 0 15,195 22,410 8,221 45,825 0 45,825 45,828 899 130 5,185 + 4,200 57,334

 926 166 92 2 0 0 1 0 13,872 20,459 7,505 41,837 0 41,837 41,839 1,634 281 2,389 + 2,112 49,439

 1,080 212 119 42 0 0 1 0 22,927 33,813 12,404 69,144 0 69,144 69,187 984 107 3,655 - 2,242 73,103

 346 71 53 29 0 0 0 0 6,927 10,217 3,748 20,892 0 20,892 20,921 592 43 939 - 1,246 21,719

 1        3,0 4,4 1,6 9,1  9,1 9,2 6 1 6 + 4,8 15,6
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on May 29, 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.

 623,847 0 40,014 3,947 208 210 44,379 10,789 2,522 681,537 8,267 7,312 1,206 698,321 752,137 128,290 623,847 11,044 2,200 0 610,603 623,847

 31,074 0 2,631 0 2 9 2,642 838 153 34,705 432 418 42 35,597 35,432 4,358 31,074

 262,469 0 17,047 3,947 184 133 21,311 1,087 773 285,640 1,834 1,504 392 289,370 304,268 41,798 262,469

 20,875 0 645 0 1 0 646 750 111 22,381 223 221 21 22,847 27,261 6,386 20,875

 28,950 0 3,923 0 3 1 3,927 466 146 33,489 685 665 49 34,887 33,473 4,523 28,950

 47,852 0 3,916 0 7 61 3,984 957 268 53,061 2,115 1,757 400 57,334 57,273 9,421 47,852

 45,387 0 1,827 0 2 0 1,829 977 208 48,401 469 535 34 49,439 61,452 16,065 45,387

 65,843 0 4,440 0 3 1 4,444 867 270 71,425 810 793 74 73,103 71,930 6,087 65,843

 19,775 0 1,075 0 1 2 1,077 325 110 21,288 208 149 75 21,719 23,637 3,862 19,775

 13,8  6    6 5  15,2 3 1  15,6 15,8 2,0 13,8