Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 690,594 - 6,417 + 62,972 692,322

Securities held outright 629,416 0 + 68,365 629,416

U.S. Treasury1 629,406 0 + 68,365 629,406

Bills2 226,682 0 + 38,679 226,682

Notes and bonds, nominal2 389,219 0 + 27,311 389,219

Notes and bonds, inflation-indexed2 12,242 0 + 2,056 12,242

Inflation compensation3 1,263 0 + 318 1,263

Federal agency2 10 0 0 10

Repurchase agreements4 20,143 - 6,893 - 8,321 20,500

Loans to depository institutions 52 + 33 + 23 11

Primary credit 45 + 33 + 45 4

Secondary credit 0 0 0 0

Seasonal credit 7 0 - 12 7

Adjustment credit 0 0 - 11 0

Float 763 - 48 + 792 1,981

Other Federal Reserve assets 40,220 + 492 + 2,114 40,414

Gold stock 11,043 0 - 2 11,043

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

Treasury currency outstanding5 34,553 + 14 + 1,173 34,553

Total factors supplying reserve funds 738,390 - 6,402 + 64,143 740,118

Currency in circulation5 674,738 - 1,144 + 44,329 675,689

Reverse repurchase agreements6 18,397 - 170 + 18,397 18,466

Foreign official and international accounts 18,397 - 170 + 18,397 18,466

Dealers 0 0 0 0

Treasury cash holdings 360 - 8 - 62 361

Deposits with F.R. Banks, other than reserve balances 18,034 + 397 - 563 17,881

U.S. Treasury, general account 7,162 + 1,029 - 2,008 7,030

Foreign official 114 + 1 - 149 100

Service-related 10,538 - 628 + 1,611 10,538

Required clearing balances 10,355 - 184 + 1,708 10,355

Adjustments to compensate for float 183 - 444 - 96 183

Other 221 - 4 - 16 214

Other liabilities and capital 19,873 - 43 + 2,372 19,574

Total factors, other than reserve balances,

absorbing reserve funds 731,401 - 969 + 64,472 731,971

Reserve balances with Federal Reserve Banks 6,989 - 5,434 - 329 8,147

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 857,827 + 62 . . . 858,621

U.S. Treasury 688,713 - 2,432 . . . 687,352

Federal agency 169,114 + 2,494 . . . 171,269

Securities lent to dealers 357 - 63 - 1,624 362

FEDERAL RESERVE statistical release

 January 30, 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

 Jan 29, 2003 Week ended

 Jan 29, 2003 Jan 22, 2003 Jan 30, 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 11,039 0 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,111 + 26 - 40

Securities, repurchase agreements, and loans 649,927 - 16,252 + 54,708

Securities held outright 629,416 0 + 66,473

U.S. Treasury1 629,406 0 + 66,473

Bills2 226,682 0 + 36,785

Notes and bonds, nominal2 389,219 0 + 27,311

Notes and bonds, inflation-indexed2 12,242 0 + 2,056

Inflation compensation3 1,263 0 + 320

Federal agency2 10 0 0

Repurchase agreements4 20,500 - 16,250 - 11,750

Loans 11 - 2 - 14

Items in process of collection (1,507) 9,250 - 7,402 - 435

Bank premises 1,543 + 2 + 34

Other assets5 38,747 + 474 + 1,887

Total assets (1,507) 713,818 - 23,151 + 56,149

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 642,604 - 677 + 42,968

Reverse repurchase agreements6 18,466 - 57 + 18,466

Deposits ( 0 ) 25,671 - 18,427 - 6,923

Depository institutions 18,327 - 19,302 - 265

U.S. Treasury, general account 7,030 + 911 - 6,310

Foreign official 100 - 22 - 334

Other ( 0 ) 214 - 14 - 14

Deferred availability cash items (1,507) 7,503 - 4,016 - 509

Other liabilities and accrued dividends7 2,242 + 29 - 80

Total liabilities (1,507) 696,486 - 23,148 + 53,923

Capital accounts

Capital paid in 8,399 + 9 + 966

Surplus 8,380 0 + 1,109

Other capital accounts 552 - 13 + 150

Total capital 17,332 - 3 + 2,226

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jan 30, 2002

Eliminations from

consolidation Wednesday

 Jan 29, 2003

Wednesday

 Jan 22, 2003

3. Maturity Distribution of Loans and Securities, January 29, 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 11 49,592 - 1,026 0 0 16,500 18,466

16 days to 90 days 0 130,709 + 1,033 0 0 4,000 0

91 days to 1 year 0 143,207 - 8 10 0 . . . . . . 

Over 1 year to 5 years . . . 174,818 0 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,240 0 0 0 . . . . . . 

Over 10 years . . . 79,840 0 0 0 . . . . . . 

All 11 629,406 0 10 0 20,500 18,466

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 29, 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.

 11,039 2,200 1,111 649,927 629,416 629,406 226,682 402,724 10 20,500 11 10,758 1,543 38,747 0 715,325

Assets, liabilities, and capital

 4,364 874 39 268,152 247,651 247,647 89,191 158,456 4 20,500 1 846 186 13,356 +42,737 330,554

 533 115 52 36,062 36,062 36,062 12,988 23,074 1 0 0 529 92 2,039 - 7,949 31,473

 430 83 64 24,203 24,203 24,202 8,717 15,486 0 0 0 578 50 1,276 - 7,187 19,496

 522 104 50 34,728 34,728 34,727 12,507 22,220 1 0 0 753 152 2,627 - 6,440 32,495

 819 147 160 49,090 49,090 49,089 17,680 31,410 1 0 0 919 129 5,785 - 3,430 53,619

 926 166 121 44,817 44,817 44,816 16,141 28,676 1 0 0 1,048 279 2,619 - 5,992 43,984

 1,080 212 148 74,072 74,070 74,069 26,676 47,393 1 0 3 1,229 116 4,008 -18,719 62,145

 346 71 64 22,381 22,381 22,380 8,060 14,320 0 0 0 660 44 1,024 - 4,182 20,409

 1   9,8 9,8 9,8 3,5 6,2    4 1 6 + 3,8 15,2
 642,604

 642,604 11,039 2,200 629,365 0 649,916 18,472 631,445

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.

 759,935 117,331 642,604 18,466 25,671 18,327 7,030 100 214 9,010 2,242 697,993 8,399 8,380 552 715,325

 32,853 5,042 27,811 1,058 905 901 0 2 2 654 133 30,561 437 436 39 31,473

 332,327 27,167 305,160 7,266 12,722 5,467 7,030 77 149 910 686 326,744 1,809 1,809 192 330,554

 25,137 8,074 17,064 710 662 659 0 1 2 472 101 19,009 234 233 20 19,496

 32,365 5,108 27,257 1,019 1,638 1,635 0 3 1 1,008 125 31,047 707 702 38 32,495

 54,025 9,207 44,819 1,440 2,315 2,251 0 7 56 574 260 49,408 2,079 2,073 59 53,619

 58,391 19,059 39,333 1,315 1,307 1,304 0 2 1 862 174 42,991 475 475 43 43,984

 63,715 8,221 55,495 2,173 1,788 1,784 0 3 1 671 237 60,364 859 858 64 62,145

 21,892 3,618 18,274 657 717 716 0 1 0 246 100 19,994 200 199 15 20,409

 14,9 1,8 13,1 2 4 4    5  14,5 3 3  15,2

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on January 29, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes, net of F.R. Bank holdingsCollateral 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

 Jan 29, 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.