Reserve Bank Credit 656,063 + 5,275 + 69,072 665,859

U.S. government securities (1)

Bought outright-system account (2,3) 591,688 + 334 + 56,679 592,390

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) 25,821 + 3,785 + 10,890 34,250

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 5 + 2 - 9 1

Seasonal credit 162 + 31 + 24 179

Extended credit 0 0 0 0

Float -148 + 355 - 295 112

Other F.R. assets 38,524 + 768 + 1,782 38,917

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,773 + 14 + 1,129 33,773

Total factors supplying reserve funds 703,079 + 5,289 + 70,201 712,876

Currency in circulation* 655,245 + 599 + 61,266 657,842

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

Treasury cash holdings* 397 - 10 - 47 395

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

Treasury 6,963 + 1,069 + 215 7,620

Foreign 104 - 20 + 25 74

Service-related balances and adjustments (5) 10,303 + 55 + 3,004 10,303

Other 237 - 18 - 42 239

Other F.R. liabilities and capital 20,253 + 434 + 2,153 20,129

Total factors, other than reserve balances,

absorbing reserve funds 693,500 + 2,108 + 66,573 696,601

Reserve balances with F.R. Banks (6) 9,579 + 3,181 + 3,627 16,274

FEDERAL RESERVE

 June 27, 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 June 26, 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 $ 777,042 million, a change of $ + 3,400 million for the week. The total includes

$ 620,828 million of U.S. government securities and $ 156,213 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 $ 22,530 million (daily average over statement week) and $ 21,836 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,530 million (daily average) and $ 21,836 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,495 million (daily average)

and $ 817 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 $ 1,204 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 $ 9,917 million and adjustments of $ 386 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

Jun 26, 2002 Week ended

Jun 26, 2002 Jun 19, 2002 Jun 27, 2001
ASSETS

Gold certificate account 11,044 0 0

Special drawing rights certificate account 2,200 0 0

Coin 931 - 14 - 189

Loans 180 + 30 + 28

Acceptances 0 0 0

Repurchase agreements — triparty (1) 34,250 + 13,500 + 14,745

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 198,350 + 187 + 17,139

Notes (3) 288,604 + 9 + 34,379

Bonds (4) 105,436 + 7 + 5,682

Total bought outright (5) 592,390 + 203 + 57,199

Held under repurchase agreements 0 0 0

Total U.S. government securities 592,390 + 203 + 57,199

Total loans and securities 626,830 + 13,733 + 71,972

Items in process of collection (1,011) 7,238 + 122 - 650

Bank premises 1,518 + 1 + 13

Other assets (6) 37,399 + 931 + 2,126

 TOTAL ASSETS (1,011) 687,160 + 14,773 + 73,273

LIABILITIES

Federal Reserve notes 625,395 + 1,872 + 60,431

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 26,603 + 12,262 + 10,137

U.S. Treasury—general account 7,620 + 721 + 763

Foreign—official accounts 74 - 39 + 1

Other ( 0 ) 239 - 12 - 40

Total deposits ( 0 ) 34,536 + 12,932 + 10,861

Deferred availability cash items (1,011) 7,099 - 453 - 281

Other liabilities and accrued dividends (7) 2,583 + 29 - 722

TOTAL LIABILITIES (1,011) 669,614 + 14,381 + 70,290

CAPITAL ACCOUNTS

Capital paid in 8,330 + 10 + 1,191

Surplus 7,312 0 + 641

Other capital accounts 1,905 + 382 + 1,152

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 27, 2001

Eliminations from

Consolidation Wednesday

Jun 26, 2002

Wednesday

Jun 19, 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 $ 708 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 $ 496 million of compensation

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

5 Net of $ 21,836 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 817 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, June 26, 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 $ 1,204 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 164 22,133 + 1,920 0 0 29,250 0

16 days to 90 days 16 134,033 - 2,039 0 0 5,000 0

91 days to 1 year 0 134,694 + 307 0 0 ——— ———

 Over 1 year to 5 years ——— 167,488 + 3 10 0 ——— ———

 Over 5 years to 10 years ——— 52,484 + 5 0 0 ——— ———

Over 10 years ——— 81,558 + 7 0 0 ——— ———

Total 180 592,390 + 203 10 0 34,250 0
 533

 115 45 1 0 0 1 0 11,364 16,535 6,041 33,941 0 33,941 33,942 495 92 1,959 - 1,344 35,836

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on June 26, 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 708 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 $ 496 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 21,836 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 817 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.

 11,044 2,200 931 180 0 34,250 10 0 198,350 288,604 105,436 592,390 0 592,390 626,830 8,249 1,518 37,399 0 688,171

 4,369 874 41 0 0 34,250 4 0 78,043 113,555 41,485 233,082 0 233,082 267,336 932 182 13,085 + 1,552 288,371

 430 83 43 0 0 0 0 0 7,627 11,098 4,054 22,779 0 22,779 22,779 346 49 1,266 - 2,871 22,126

 522 104 46 0 0 0 1 0 10,944 15,924 5,817 32,685 0 32,685 32,686 373 151 2,506 - 4,805 31,583

 819 147 123 0 0 0 1 0 15,470 22,509 8,223 46,202 0 46,202 46,203 450 130 5,432 + 3,728 57,032

 926 166 102 4 0 0 1 0 14,123 20,550 7,507 42,181 0 42,181 42,185 752 279 2,517 + 1,081 48,008

 1,080 212 118 47 0 0 1 0 23,342 33,963 12,408 69,713 0 69,713 69,761 620 109 3,862 - 5,792 69,969

 346 71 57 35 0 0 0 0 7,053 10,262 3,749 21,064 0 21,064 21,099 261 43 990 - 1,670 21,196

 179 30 36 53 0 0 0 0 3,101 4,512 1,648 9,261 0 9,261 9,314 592 124 637 + 5,072 15,983

 309 66 67 25 0 0 0 0 5,863 8,531 3,117 17,511 0 17,511 17,536 398 49 982 - 462 18,946

 485 98 129 6 0 0 0 0 4,402 6,405 2,340 13,147 0 13,147 13,153 472 138 823 + 8,934 24,231

 1,046 234 124 10 0 0 1 0 17,018 24,761 9,046 50,825 0 50,825 50,836 2,558 172 3,341 - 3,423 54,888
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on June 26, 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.

 625,395 0 26,603 7,620 74 239 34,536 8,110 2,583 670,625 8,330 7,312 1,905 688,171 752,219 126,824 625,395 11,044 2,200 0 612,151 625,395

 30,539 0 3,662 0 2 12 3,675 547 157 34,918 432 418 68 35,836 35,151 4,613 30,539

 268,913 0 5,997 7,620 50 140 13,808 851 788 284,360 1,852 1,504 655 288,371 308,757 39,844 268,913

 20,467 0 497 0 1 0 499 545 112 21,623 236 221 46 22,126 26,948 6,481 20,467

 28,229 0 1,370 0 3 1 1,374 390 151 30,143 686 665 89 31,583 33,095 4,866 28,229

 46,821 0 4,904 0 7 80 4,991 542 276 52,629 2,122 1,757 524 57,032 56,777 9,957 46,821

 44,404 0 1,545 0 2 0 1,547 772 211 46,934 470 535 69 48,008 60,729 16,325 44,404

 64,527 0 2,747 0 3 1 2,751 671 276 68,225 817 793 133 69,969 70,829 6,302 64,527

 19,751 0 675 0 1 2 678 214 112 20,756 208 149 83 21,196 23,482 3,730 19,751

 13,887 0 937 0 1 0 938 594 87 15,506 304 118 55 15,983 15,764 1,877 13,887

 16,786 0 1,395 0 1 1 1,396 248 101 18,531 197 191 27 18,946 20,918 4,132 16,786

 22,668 0 746 0 1 0 747 361 96 23,871 169 164 27 24,231 33,938 11,271 22,668

 48,405 0 2,129 0 3 0 2,133 2,375 216 53,128 836 796 128 54,888 65,830 17,425 48,405