Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 715,838 + 6,160 + 68,451 724,408

Securities held outright 647,057 + 205 + 66,128 647,281

U.S. Treasury1 647,047 + 205 + 66,128 647,271

Bills2 236,035 + 180 + 43,592 236,249

Notes and bonds, nominal2 396,776 0 + 20,608 396,776

Notes and bonds, inflation-indexed2 12,814 0 + 1,549 12,814

Inflation compensation3 1,422 + 26 + 380 1,431

Federal agency2 10 0 0 10

Repurchase agreements4 28,751 + 4,858 + 1,322 37,501

Loans to depository institutions 30 + 2 - 48 35

Primary credit 0 - 4 0 0

Secondary credit 0 0 0 0

Seasonal credit 29 + 5 - 38 35

Adjustment credit 0 0 - 12 0

Float 188 + 630 + 388 -138

Other Federal Reserve assets 39,811 + 464 + 660 39,728

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,822 + 14 + 1,112 34,822

Total factors supplying reserve funds 763,903 + 6,174 + 69,562 772,473

Currency in circulation5 687,176 - 306 + 42,909 688,692

Reverse repurchase agreements6 20,949 + 397 + 20,949 20,814

Foreign official and international accounts 20,949 + 397 + 20,949 20,814

Dealers 0 0 0 0

Treasury cash holdings 350 - 10 - 43 340

Deposits with F.R. Banks, other than reserve balances 20,129 - 551 + 2,844 22,136

U.S. Treasury, general account 8,763 - 164 + 1,817 10,583

Foreign official 132 + 26 + 42 313

Service-related 11,009 - 305 + 997 11,009

Required clearing balances 10,830 0 + 960 10,830

Adjustments to compensate for float 179 - 305 + 37 179

Other 225 - 108 - 12 231

Other liabilities and capital 20,165 + 20 + 1,121 20,049

Total factors, other than reserve balances,

absorbing reserve funds 748,770 - 449 + 67,781 752,031

Reserve balances with Federal Reserve Banks 15,133 + 6,622 + 1,782 20,442

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 887,022 - 6,062 . . . 893,534

U.S. Treasury 709,850 - 7,382 . . . 713,499

Federal agency 177,171 + 1,319 . . . 180,035

Securities lent to dealers 510 + 410 - 701 731

FEDERAL RESERVE statistical release

 May 1, 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

 Apr 30, 2003 Week ended

 Apr 30, 2003 Apr 23, 2003 May 1, 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 + 1 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,021 - 22 + 39

Securities, repurchase agreements, and loans 684,817 + 13,386 + 69,350

Securities held outright 647,281 + 380 + 66,411

U.S. Treasury1 647,271 + 380 + 66,411

Bills2 236,249 + 354 + 44,233

Notes and bonds, nominal2 396,776 0 + 20,608

Notes and bonds, inflation-indexed2 12,814 0 + 1,212

Inflation compensation3 1,431 + 25 + 358

Federal agency2 10 0 0

Repurchase agreements4 37,501 + 13,001 + 3,001

Loans 35 + 5 - 61

Items in process of collection (1,166) 8,173 + 584 - 414

Bank premises 1,577 + 17 + 65

Other assets5 38,412 + 116 + 1,137

Total assets (1,166) 747,239 + 14,082 + 70,173

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 655,226 + 201 + 41,202

Reverse repurchase agreements6 20,814 + 823 + 20,814

Deposits ( 0 ) 43,007 + 12,638 + 7,425

Depository institutions 31,880 + 11,135 + 926

U.S. Treasury, general account 10,583 + 1,298 + 6,260

Foreign official 313 + 208 + 221

Other ( 0 ) 231 - 3 + 19

Deferred availability cash items (1,166) 8,142 + 174 - 450

Other liabilities and accrued dividends7 2,270 - 5 - 103

Total liabilities (1,166) 729,460 + 13,832 + 68,889

Capital accounts

Capital paid in 8,545 + 19 + 489

Surplus 8,380 0 + 1,080

Other capital accounts 854 + 231 - 285

Total capital 17,779 + 250 + 1,284

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 1, 2002

Eliminations from

consolidation Wednesday

 Apr 30, 2003

Wednesday

 Apr 23, 2003

3. Maturity Distribution of Loans and Securities, April 30, 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 28 46,750 - 5,156 0 0 33,500 20,814

16 days to 90 days 7 126,284 - 1,662 0 0 4,001 0

91 days to 1 year 0 153,916 - 119 10 0 . . . . . . 

Over 1 year to 5 years . . . 188,832 + 7,299 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,538 + 9 0 0 . . . . . . 

Over 10 years . . . 79,952 + 10 0 0 . . . . . . 

All 35 647,271 + 380 10 0 37,501 20,814

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 30, 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 1,021 684,817 647,281 647,271 236,249 411,022 10 37,501 35 9,339 1,577 38,412 0 748,405

Assets, liabilities, and capital

 4,706 874 37 314,429 276,928 276,923 101,075 175,848 4 37,501 0 556 185 13,986 +12,134 346,905

 495 115 50 31,293 31,293 31,293 11,422 19,871 0 0 0 428 91 1,779 - 1,600 32,652

 380 83 76 20,237 20,237 20,236 7,386 12,850 0 0 0 465 51 1,105 - 2,371 20,026

 477 104 42 30,330 30,330 30,330 11,070 19,259 0 0 0 465 151 2,358 - 1,945 31,983

 808 147 136 49,778 49,778 49,777 18,168 31,609 1 0 0 733 143 5,915 - 1,266 56,395

 863 166 94 43,730 43,728 43,727 15,960 27,767 1 0 2 730 278 2,249 - 2,843 45,267

 982 212 129 65,414 65,408 65,407 23,873 41,534 1 0 6 721 117 3,583 - 7,781 63,377

 331 71 58 20,374 20,364 20,364 7,433 12,931 0 0 10 445 43 999 - 1,028 21,295

 2   14,4 14,4 14,4 5,2 9,1    4 1 1,1 - 2 16,2
 762,034

 102,753 659,280 659,280 11,039 2,200 646,042 0 684,782 20,821 663,961

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.

 762,034 106,807 655,226 20,814 43,007 31,880 10,583 313 231 9,308 2,270 730,626 8,545 8,380 854 748,405

 31,962 4,679 27,283 1,006 2,680 2,672 0 2 7 626 129 31,725 446 436 44 32,652

 336,220 26,350 309,870 8,905 22,453 11,427 10,583 289 153 948 712 342,888 1,877 1,809 331 346,905

 24,336 7,399 16,937 651 1,309 1,307 0 1 1 514 94 19,505 251 233 37 20,026

 31,355 4,238 27,118 975 1,772 1,769 0 3 0 546 127 30,538 700 702 42 31,983

 53,875 8,201 45,674 1,601 3,900 3,830 0 7 62 725 259 52,159 2,070 2,073 93 56,395

 59,708 20,122 39,586 1,406 2,123 2,121 0 2 0 976 180 44,272 475 475 44 45,267

 62,576 6,632 55,945 2,103 2,604 2,600 0 3 1 680 222 61,554 875 858 91 63,377

 22,311 3,527 18,784 655 1,012 1,008 0 1 4 305 96 20,853 217 199 26 21,295

 15,2 1,4 13,7 4 7 7    4  15,4 3 3  16,2

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 30, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral 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

 Apr 30, 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.