Reserve Bank Credit 629,104 - 2,489 + 51,283 627,759

U.S. government securities (1)

Bought outright-system account (2,3) 558,463 + 2,113 + 42,175 559,730

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 120 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 32,971 - 3,958 + 8,743 30,900

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 8 - 147 + 4 2

Seasonal credit 10 - 2 - 16 12

Extended credit 0 0 0 0

Float -81 - 1,005 - 812 -643

Other F.R. assets 37,723 + 510 + 1,308 37,748

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,223 + 14 + 1,430 33,223

Total factors supplying reserve funds 675,572 - 2,475 + 52,713 674,227

Currency in circulation* 632,744 - 6,314 + 48,405 632,241

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

Treasury cash holdings* 432 + 4 - 24 416

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

Treasury 5,712 + 659 - 817 6,719

Foreign 271 + 167 + 165 88

Service-related balances and adjustments (5) 8,888 + 19 + 2,256 8,888

Other 232 + 45 + 33 238

Other F.R. liabilities and capital 17,693 + 247 - 572 17,464

Total factors, other than reserve balances,

absorbing reserve funds 665,972 - 5,173 + 49,446 666,054

Reserve balances with F.R. Banks (6) 9,600 + 2,699 + 3,267 8,172

FEDERAL RESERVE

 January 17, 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 January 16, 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 $ 729,366 million, a change of $ + 210 million for the week. The total includes

$ 593,939 million of U.S. government securities and $ 135,427 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 $ 18,661 million (daily average over statement week) and $ 17,980 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,661 million (daily average) and $ 17,980 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,624 million (daily average)

and $ 2,335 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 951 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 $ 8,399 million and adjustments of $ 489 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

Jan 16, 2002 Week ended

Jan 16, 2002 Jan 9, 2002 Jan 17, 2001
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,094 + 41 + 107

Loans 14 - 999 - 11

Acceptances 0 0 0

Repurchase agreements — triparty (1) 30,900 - 6,600 + 8,380

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 187,759 + 1,538 + 3,749

Notes (3) 267,733 - 3 + 27,886

Bonds (4) 104,238 + 580 + 11,317

Total bought outright (5) 559,730 + 2,116 + 42,952

Held under repurchase agreements 0 0 0

Total U.S. government securities 559,730 + 2,116 + 42,952

Total loans and securities 590,654 - 5,484 + 51,201

Items in process of collection (1,279) 8,657 - 423 - 6,838

Bank premises 1,512 + 1 + 49

Other assets (6) 36,123 + 150 + 1,034

 TOTAL ASSETS (1,279) 651,285 - 5,715 + 45,551

LIABILITIES

Federal Reserve notes 600,528 - 4,145 + 47,199

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 17,869 - 3,703 + 4,245

U.S. Treasury—general account 6,719 + 1,612 - 1,260

Foreign—official accounts 88 + 7 - 15

Other ( 0 ) 238 + 54 - 45

Total deposits ( 0 ) 24,915 - 2,028 + 2,925

Deferred availability cash items (1,279) 8,378 + 403 - 4,101

Other liabilities and accrued dividends (7) 2,353 - 9 - 1,726

TOTAL LIABILITIES (1,279) 636,174 - 5,779 + 44,297

CAPITAL ACCOUNTS

Capital paid in 7,419 0 + 419

Surplus 7,277 + 5 + 1,087

Other capital accounts 414 + 58 - 253

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jan 17, 2001

Eliminations from

Consolidation Wednesday

Jan 16, 2002

Wednesday

 Jan 9, 2002

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

2 Face value of the securities.

3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 561 million of compensation

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

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 390 million of compensation

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

5 Net of $ 17,980 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,335 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, January 16, 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 $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 951 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 5 22,622 + 6,355 0 0 25,900 0

16 days to 90 days 9 116,887 - 5,393 0 0 5,000 0

91 days to 1 year 0 132,034 + 576 0 0 ——— ———

 Over 1 year to 5 years ——— 156,660 + 1,704 10 0 ——— ———

 Over 5 years to 10 years ——— 51,630 - 1,706 0 0 ——— ———

Over 10 years ——— 79,897 + 580 0 0 ——— ———

Total 14 559,730 + 2,116 10 0 30,900 0
 546

 115 60 3 0 0 1 0 11,281 16,086 6,263 33,630 0 33,630 33,633 508 91 1,873 - 2,939 33,888

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on January 16, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

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 securities.2 Face value of the securities.3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 561 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 390 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 17,980 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,335 million that are fully

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.

 11,045 2,200 1,094 14 0 30,900 10 0 187,759 267,733 104,238 559,730 0 559,730 590,654 9,936 1,512 36,123 0 652,564

 4,451 874 61 0 0 30,900 4 0 76,912 109,672 42,700 229,284 0 229,284 260,188 1,178 177 13,203 -11,507 268,625

 454 83 49 0 0 0 0 0 7,712 10,997 4,281 22,990 0 22,990 22,991 471 49 1,323 - 2,547 22,873

 538 104 61 0 0 0 1 0 10,992 15,674 6,103 32,769 0 32,769 32,770 362 151 2,134 - 2,616 33,505

 741 147 171 0 0 0 1 0 11,217 15,994 6,227 33,439 0 33,439 33,439 748 132 4,805 +11,864 52,048

 871 166 121 0 0 0 1 0 12,911 18,410 7,168 38,489 0 38,489 38,490 802 281 2,379 + 3,846 46,955

 1,028 212 119 7 0 0 1 0 21,265 30,323 11,806 63,394 0 63,394 63,402 901 106 3,432 + 3,105 72,305

 343 71 61 2 0 0 0 0 6,767 9,650 3,757 20,174 0 20,174 20,177 508 43 980 + 4 22,189

 143 30 33 1 0 0 0 0 586 835 325 1,746 0 1,746 1,747 738 123 656 +11,938 15,407

 317 66 76 0 0 0 0 0 5,795 8,264 3,217 17,276 0 17,276 17,277 579 49 978 - 1,219 18,122

 477 98 135 0 0 0 0 0 3,404 4,854 1,890 10,147 0 10,147 10,147 406 137 795 + 2,214 14,410

 1,136 234 146 1 0 0 1 0 18,916 26,974 10,502 56,392 0 56,392 56,393 2,735 171 3,565 -12,143 52,238
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on January 16, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

 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 agreements under triparty

arrangements and excludes the par value of securities pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.

 600,528 0 17,869 6,719 88 238 24,915 9,657 2,353 637,453 7,419 7,277 414 652,564 750,973 150,445 600,528 11,045 2,200 0 587,283 600,528

 31,177 0 1,052 0 2 2 1,056 648 142 33,023 419 418 28 33,888 35,872 4,694 31,177

 253,153 0 3,491 6,719 64 137 10,412 1,147 748 265,460 1,504 1,504 157 268,625 295,952 42,798 253,153

 20,786 0 917 0 1 0 919 599 109 22,413 220 221 19 22,873 28,135 7,350 20,786

 30,096 0 1,524 0 2 2 1,527 375 132 32,130 681 665 29 33,505 34,964 4,868 30,096

 44,399 0 3,085 0 7 90 3,182 731 202 48,514 1,758 1,757 18 52,048 55,207 10,808 44,399

 43,593 0 1,223 0 2 1 1,225 930 197 45,945 449 535 27 46,955 63,669 20,076 43,593

 67,154 0 2,460 0 3 1 2,464 797 255 70,670 790 793 52 72,305 74,486 7,332 67,154

 20,957 0 511 0 1 0 512 296 106 21,871 149 149 19 22,189 24,011 3,054 20,957

 13,883 0 465 0 1 0 466 607 61 15,017 307 84 0 15,407 16,250 2,367 13,883

 16,459 0 657 0 1 3 661 510 97 17,726 191 191 13 18,122 21,029 4,569 16,459

 12,818 0 719 0 1 1 721 451 84 14,074 164 164 8 14,410 32,707 19,888 12,818

 46,052 0 1,765 0 3 1 1,770 2,566 223 50,611 787 796 44 52,238 68,693 22,641 46,052