Reserve Bank Credit 666,088 - 264 + 46,885 663,006

U.S. government securities (1)

Bought outright-system account (2,3) 608,053 - 427 + 58,985 606,396

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) 20,929 + 4,108 - 13,328 19,250

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 310 + 68 + 277 1

Seasonal credit 60 - 6 + 30 56

Extended credit 0 0 0 0

Float -295 - 947 - 873 766

Other F.R. assets 37,021 - 3,059 + 1,794 36,528

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding 34,401 + 14 + 1,427 34,401

Total factors supplying reserve funds 713,731 - 250 + 48,309 710,650

Currency in circulation* 667,786 - 274 + 44,939 668,842

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

Treasury cash holdings* 387 + 1 - 49 386

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

Treasury 4,868 - 145 - 735 4,519

Foreign 147 + 70 - 25 72

Service-related balances and adjustments (5) 10,461 + 134 + 2,224 10,461

Other 250 + 14 - 24 231

Other F.R. liabilities and capital 19,791 - 221 + 2,025 19,307

Total factors, other than reserve balances,

absorbing reserve funds 703,692 - 420 + 48,358 703,817

Reserve balances with F.R. Banks (6) 10,040 + 171 - 47 6,833

FEDERAL RESERVE

 November 21, 2002

These data are scheduled for release each Thursday.

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 November 20, 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 $ 822,919 million, a change of $ + 13,032 million for the week. The total includes

$ 672,769 million of U.S. government securities and $ 150,150 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 $ 20,417 million (daily average over statement week) and $ 22,078 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,882 million (daily average) and $ 19,578 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,217 million (daily average)

and $ 2,188 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 $ 1,232 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 $ 10,283 million and adjustments of $ 178 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

Nov 20, 2002 Week ended

Nov 20, 2002 Nov 13, 2002 Nov 21, 2001
ASSETS

Gold certificate account 11,038 0 - 7

Special drawing rights certificate account 2,200 0 0

Coin 1,076 - 4 + 2

Loans 57 - 10 + 22

Acceptances 0 0 0

Repurchase agreements — triparty (1) 19,250 - 1,750 - 17,000

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 204,355 - 2,594 + 19,700

Notes (3) 297,336 + 1,422 + 35,861

Bonds (4) 104,705 - 1,417 + 1,670

Total bought outright (5) 606,396 - 2,588 + 57,230

Held under repurchase agreements 0 0 0

Total U.S. government securities 606,396 - 2,588 + 57,230

Total loans and securities 625,712 - 4,349 + 40,252

Items in process of collection (1,280) 8,236 - 7,345 - 1,372

Bank premises 1,533 + 3 + 14

Other assets (6) 34,994 - 3,742 + 769

 TOTAL ASSETS (1,280) 684,788 - 15,439 + 39,657

LIABILITIES

Federal Reserve notes 635,898 - 603 + 41,225

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 16,943 - 10,302 - 2,684

U.S. Treasury—general account 4,519 - 73 - 108

Foreign—official accounts 72 - 4 - 91

Other ( 0 ) 231 - 7 - 26

Total deposits ( 0 ) 21,764 - 10,387 - 2,910

Deferred availability cash items (1,280) 7,820 - 4,062 - 358

Other liabilities and accrued dividends (7) 2,421 - 48 - 275

TOTAL LIABILITIES (1,280) 667,903 - 15,100 + 37,682

CAPITAL ACCOUNTS

Capital paid in 8,304 + 19 + 1,023

Surplus 7,312 0 + 582

Other capital accounts 1,270 - 357 + 371

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Nov 21, 2001

Eliminations from

Consolidation Wednesday

Nov 20, 2002

Wednesday

Nov 13, 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 $ 692 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 $ 541 million of compensation

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

5 Net of $ 22,078 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,188 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, November 20, 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 $ 1,232 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 45 22,429 + 7,606 0 0 14,250 0

16 days to 90 days 12 135,186 - 6,671 0 0 5,000 0

91 days to 1 year 0 142,178 - 1,259 0 0 ——— ———

 Over 1 year to 5 years ——— 173,804 - 2,379 10 0 ——— ———

 Over 5 years to 10 years ——— 52,972 + 2,032 0 0 ——— ———

Over 10 years ——— 79,827 - 1,916 0 0 ——— ———

Total 57 606,396 - 2,588 10 0 19,250 0
 533

 115 52 0 0 0 1 0 11,708 17,036 5,999 34,743 0 34,743 34,744 602 91 1,819 - 6,976 30,979

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on November 20, 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 $ 692 million of compensation that adjusts for the eff

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 541 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 22,078 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,188 

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 1,076 57 0 19,250 10 0 204,355 297,336 104,705 606,396 0 606,396 625,712 9,515 1,533 34,994 0 686,068

 4,363 874 48 0 0 19,250 4 0 80,406 116,990 41,197 238,593 0 238,593 257,847 1,018 185 12,213 +32,721 309,270

 430 83 63 1 0 0 0 0 7,858 11,433 4,026 23,318 0 23,318 23,319 521 49 1,103 - 4,768 20,799

 522 104 50 0 0 0 1 0 11,275 16,405 5,777 33,458 0 33,458 33,458 463 153 2,376 - 6,120 31,007

 819 147 141 0 0 0 1 0 15,938 23,190 8,166 47,294 0 47,294 47,295 643 129 5,274 - 1,493 52,955

 926 166 122 7 0 0 1 0 14,551 21,171 7,455 43,178 0 43,178 43,185 903 279 2,341 - 4,930 42,992

 1,080 212 136 3 0 0 1 0 24,049 34,991 12,322 71,361 0 71,361 71,365 831 116 3,566 -14,849 62,457

 346 71 62 14 0 0 0 0 7,266 10,573 3,723 21,562 0 21,562 21,576 491 43 909 - 3,301 20,197

 1        3,1 4,6 1,6 9,4  9,4 9,4 6 1 5 + 4,0 15,1
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on November 20, 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.

 635,898 0 16,943 4,519 72 231 21,764 9,099 2,421 669,183 8,304 7,312 1,270 686,068 757,439 121,541 635,898 11,038 2,200 0 622,660 635,898

 28,322 0 1,098 0 2 3 1,103 524 148 30,097 434 418 30 30,979 33,535 5,213 28,322

 297,015 0 2,218 4,519 48 143 6,927 895 739 305,576 1,773 1,504 416 309,270 327,518 30,503 297,015

 17,745 0 1,878 0 1 0 1,879 580 107 20,311 238 221 29 20,799 25,848 8,102 17,745

 27,968 0 960 0 3 1 964 534 141 29,607 699 665 37 31,007 32,887 4,920 27,968

 44,884 0 2,945 0 7 74 3,026 664 253 48,827 2,069 1,757 302 52,955 55,128 10,244 44,884

 39,654 0 1,289 0 2 1 1,292 826 196 41,969 472 535 17 42,992 57,715 18,061 39,654

 57,220 0 2,495 0 3 4 2,502 750 258 60,730 848 793 86 62,457 65,867 8,648 57,220

 18,919 0 500 0 1 1 502 255 105 19,781 199 149 68 20,197 22,388 3,469 18,919

 13,3  3    3 6  14,4 3 1 1 15,1 15,2 1,9 13,3