Reserve Bank Credit 637,254 + 3,029 + 56,002 640,547

U.S. government securities (1)

Bought outright-system account (2,3) 574,098 + 2,184 + 51,745 573,844

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) 26,614 + 1,571 + 3,790 28,550

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 6 + 3 - 14 3

Seasonal credit 20 0 - 2 22

Extended credit 0 0 0 0

Float -389 - 1,102 - 688 1,079

Other F.R. assets 36,895 + 373 + 1,171 37,039

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,349 + 14 + 1,149 33,349

Total factors supplying reserve funds 683,847 + 3,043 + 57,149 687,140

Currency in circulation* 639,781 + 400 + 54,439 640,972

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

Treasury cash holdings* 429 + 8 - 66 424

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

Treasury 6,511 + 1,710 - 198 5,600

Foreign 95 - 29 + 12 74

Service-related balances and adjustments (5) 9,233 - 246 + 2,297 9,233

Other 207 - 22 - 30 219

Other F.R. liabilities and capital 18,276 - 320 - 42 17,949

Total factors, other than reserve balances,

absorbing reserve funds 674,534 + 1,503 + 56,414 674,472

Reserve balances with F.R. Banks (6) 9,314 + 1,541 + 736 12,668

FEDERAL RESERVE

 March 21, 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 March 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 $ 742,576 million, a change of $ - 2,725 million for the week. The total includes

$ 602,672 million of U.S. government securities and $ 139,904 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 $ 18,045 million (daily average over statement week) and $ 18,437 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,045 million (daily average) and $ 18,437 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,406 million (daily average)

and $ 2,093 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 943 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 $ 8,935 million and adjustments of $ 299 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

Mar 20, 2002 Week ended

Mar 20, 2002 Mar 13, 2002 Mar 21, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,085 - 9 - 61

Loans 24 + 2 - 3

Acceptances 0 0 0

Repurchase agreements — triparty (1) 28,550 + 4,550 - 10,000

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 191,443 + 381 + 7,032

Notes (3) 278,167 + 657 + 35,111

Bonds (4) 104,235 + 79 + 8,400

Total bought outright (5) 573,844 + 1,116 + 50,542

Held under repurchase agreements 0 0 0

Total U.S. government securities 573,844 + 1,116 + 50,542

Total loans and securities 602,429 + 5,668 + 40,540

Items in process of collection (966) 8,916 + 1,410 + 814

Bank premises 1,511 + 1 + 32

Other assets (6) 35,533 + 366 + 978

 TOTAL ASSETS ( 9 6 6 ) 662,718 + 7,437 + 42,301

LIABILITIES

Federal Reserve notes 609,132 + 554 + 53,215

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 22,146 + 6,845 - 11,569

U.S. Treasury—general account 5,600 + 603 + 938

Foreign—official accounts 74 - 242 0

Other ( 0 ) 219 + 14 - 22

Total deposits ( 0 ) 28,039 + 7,220 - 10,653

Deferred availability cash items (966) 7,597 - 173 - 175

Other liabilities and accrued dividends (7) 2,381 - 36 - 1,462

TOTAL LIABILITIES ( 9 6 6 ) 647,149 + 7,565 + 40,925

CAPITAL ACCOUNTS

Capital paid in 7,646 - 4 + 623

Surplus 7,273 - 1 + 818

Other capital accounts 649 - 123 - 66

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Mar 21, 2001

Eliminations from

Consolidation Wednesday

Mar 20, 2002

Wednesday

Mar 13, 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 $ 539 million of compensation

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

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 404 million of compensation

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

5 Net of $ 18,437 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,093 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, March 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 $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 943 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 24 25,007 + 7,605 0 0 22,550 0

16 days to 90 days 0 124,213 - 6,368 0 0 6,000 0

91 days to 1 year 0 132,506 - 856 0 0 ——— ———

 Over 1 year to 5 years ——— 159,197 + 731 10 0 ——— ———

 Over 5 years to 10 years ——— 51,957 + 2 0 0 ——— ———

Over 10 years ——— 80,965 + 3 0 0 ——— ———

Total 24 573,844 + 1,116 10 0 28,550 0
 546

 115 67 1 0 0 1 0 11,502 16,713 6,263 34,478 0 34,478 34,479 489 92 1,907 - 4,261 33,434

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on March 20, 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 $ 539 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 404 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,437 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,093 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 1,085 24 0 28,550 10 0 191,443 278,167 104,235 573,844 0 573,844 602,429 9,881 1,511 35,533 0 663,683

 4,450 874 60 0 0 28,550 4 0 78,421 113,946 42,698 235,066 0 235,066 263,620 776 178 12,867 -12,339 270,487

 454 83 58 0 0 0 0 0 7,863 11,425 4,281 23,570 0 23,570 23,570 448 49 1,259 - 3,422 22,500

 538 104 60 0 0 0 1 0 11,208 16,285 6,102 33,596 0 33,596 33,596 411 151 2,409 - 3,244 34,027

 741 147 162 0 0 0 1 0 11,437 16,618 6,227 34,282 0 34,282 34,282 511 131 4,724 +11,661 52,359

 871 166 93 0 0 0 1 0 13,164 19,128 7,168 39,459 0 39,459 39,460 1,645 280 2,346 + 2,138 46,999

 1,028 212 133 6 0 0 1 0 21,682 31,505 11,805 64,992 0 64,992 65,000 746 106 3,590 + 1,711 72,527

 343 71 57 0 0 0 0 0 6,900 10,026 3,757 20,683 0 20,683 20,684 552 43 959 - 619 22,089

 143 30 38 10 0 0 0 0 597 868 325 1,790 0 1,790 1,800 674 123 385 +12,478 15,672

 317 66 80 4 0 0 0 0 5,909 8,586 3,217 17,712 0 17,712 17,716 560 49 959 - 849 18,898

 477 98 133 0 0 0 0 0 3,471 5,043 1,890 10,403 0 10,403 10,403 604 137 715 + 9,742 22,309

 1,136 234 143 3 0 0 1 0 19,287 28,025 10,501 57,814 0 57,814 57,818 2,465 172 3,412 -12,997 52,382
H.4.1 (c)

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

 609,132 0 22,146 5,600 74 219 28,039 8,563 2,381 648,115 7,646 7,273 649 663,683 749,676 140,545 609,132 11,044 2,200 0 595,888 609,132

 30,545 0 1,230 0 2 11 1,243 613 148 32,548 429 418 38 33,434 35,475 4,930 30,545

 251,493 0 7,871 5,600 50 148 13,669 1,028 757 266,948 1,671 1,504 364 270,487 295,238 43,744 251,493

 20,743 0 684 0 1 0 685 500 110 22,038 222 221 19 22,500 27,937 7,194 20,743

 29,969 0 2,132 0 3 1 2,136 396 138 32,640 683 665 39 34,027 34,455 4,485 29,969

 46,402 0 1,511 0 7 43 1,561 626 215 48,804 1,772 1,757 26 52,359 56,279 9,877 46,402

 43,452 0 1,481 0 2 0 1,483 859 198 45,991 447 535 26 46,999 62,534 19,083 43,452

 67,588 0 2,397 0 3 3 2,403 647 248 70,885 800 793 48 72,527 74,722 7,134 67,588

 20,825 0 629 0 1 5 634 208 105 21,771 150 149 19 22,089 24,160 3,336 20,825

 13,923 0 741 0 1 0 742 556 64 15,285 306 80 0 15,672 16,148 2,224 13,923

 17,275 0 784 0 1 7 791 334 98 18,499 194 191 15 18,898 21,524 4,248 17,275

 20,768 0 721 0 1 1 723 392 89 21,972 166 164 8 22,309 33,827 13,060 20,768

 46,148 0 1,966 0 3 1 1,969 2,406 211 50,733 805 796 48 52,382 67,377 21,230 46,148