Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 707,835 + 8,852 + 65,702 709,679

Securities held outright 641,311 + 1,182 + 65,541 641,482

U.S. Treasury1 641,301 + 1,182 + 65,541 641,472

Bills2 232,544 + 652 + 39,977 232,708

Notes and bonds, nominal2 394,621 0 + 23,038 394,621

Notes and bonds, inflation-indexed2 12,814 + 490 + 2,156 12,814

Inflation compensation3 1,322 + 40 + 370 1,329

Federal agency2 10 0 0 10

Repurchase agreements4 28,464 + 9,178 - 322 30,500

Loans to depository institutions 11 + 1 - 315 15

Primary credit 4 + 2 + 4 2

Secondary credit 0 0 0 0

Seasonal credit 7 - 1 - 19 13

Adjustment credit 0 0 - 300 0

Float -593 - 2,005 - 308 -796

Other Federal Reserve assets 38,642 + 496 + 1,106 38,478

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,709 + 14 + 1,079 34,709

Total factors supplying reserve funds 755,787 + 8,866 + 66,781 757,631

Currency in circulation5 685,796 + 1,358 + 42,866 687,628

Reverse repurchase agreements6 19,291 + 971 + 19,291 19,729

Foreign official and international accounts 19,291 + 971 + 19,291 19,729

Dealers 0 0 0 0

Treasury cash holdings 370 - 24 - 40 353

Deposits with F.R. Banks, other than reserve balances 17,259 - 519 + 1,559 17,837

U.S. Treasury, general account 5,654 - 262 + 259 6,199

Foreign official 123 - 117 - 64 103

Service-related 11,258 - 149 + 1,389 11,258

Required clearing balances 10,972 0 + 1,341 10,972

Adjustments to compensate for float 285 - 150 + 47 285

Other 225 + 10 - 24 277

Other liabilities and capital 19,963 + 551 + 1,651 19,721

Total factors, other than reserve balances,

absorbing reserve funds 742,679 + 2,337 + 65,327 745,267

Reserve balances with Federal Reserve Banks 13,108 + 6,529 + 1,453 12,363

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 897,062 + 1,954 . . . 900,133

U.S. Treasury 717,586 + 2,016 . . . 721,059

Federal agency 179,476 - 62 . . . 179,074

Securities lent to dealers 1,867 - 891 + 341 1,422

FEDERAL RESERVE statistical release

 April 3, 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 2, 2003 Week ended

 Apr 2, 2003 Mar 26, 2003 Apr 3, 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 11,038 - 1 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,092 + 11 + 29

Securities, repurchase agreements, and loans 671,998 + 5,590 + 65,150

Securities held outright 641,482 + 581 + 64,254

U.S. Treasury1 641,472 + 581 + 64,254

Bills2 232,708 + 565 + 39,887

Notes and bonds, nominal2 394,621 0 + 21,837

Notes and bonds, inflation-indexed2 12,814 0 + 2,156

Inflation compensation3 1,329 + 17 + 373

Federal agency2 10 0 0

Repurchase agreements4 30,500 + 5,000 + 3,000

Loans 15 + 8 - 2,104

Items in process of collection (1,175) 8,376 + 1,811 + 187

Bank premises 1,557 - 1 + 46

Other assets5 37,146 + 25 + 1,450

Total assets (1,175) 733,407 + 7,436 + 66,856

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 654,360 + 1,430 + 41,573

Reverse repurchase agreements6 19,729 + 1,498 + 19,729

Deposits ( 0 ) 30,583 + 2,504 + 3,429

Depository institutions 24,004 + 2,189 + 3,241

U.S. Treasury, general account 6,199 + 272 + 228

Foreign official 103 - 59 - 20

Other ( 0 ) 277 + 102 - 20

Deferred availability cash items (1,175) 9,014 + 1,884 + 852

Other liabilities and accrued dividends7 2,218 - 30 - 218

Total liabilities (1,175) 715,904 + 7,286 + 65,364

Capital accounts

Capital paid in 8,514 + 21 + 511

Surplus 8,380 0 + 1,108

Other capital accounts 609 + 129 - 127

Total capital 17,503 + 151 + 1,491

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 3, 2002

Eliminations from

consolidation Wednesday

 Apr 2, 2003

Wednesday

 Mar 26, 2003

3. Maturity Distribution of Loans and Securities, April 2, 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 6 37,761 - 7,002 0 0 25,500 19,729

16 days to 90 days 9 139,767 + 6,050 0 0 5,000 0

91 days to 1 year 0 150,962 + 1,640 10 0 . . . . . . 

Over 1 year to 5 years . . . 180,779 - 118 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,293 + 6 0 0 . . . . . . 

Over 10 years . . . 79,911 + 7 0 0 . . . . . . 

All 15 641,472 + 581 10 0 30,500 19,729

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 2, 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.

 11,038 2,200 1,092 671,998 641,482 641,472 232,708 408,765 10 30,500 15 9,550 1,557 37,146 0 734,581

Assets, liabilities, and capital

 4,363 874 40 282,898 252,398 252,394 91,561 160,833 4 30,500 0 574 185 12,968 +36,716 338,619

 533 115 52 36,753 36,753 36,753 13,333 23,420 1 0 0 501 91 1,860 - 8,360 31,545

 430 83 80 24,667 24,667 24,666 8,948 15,718 0 0 0 432 50 1,180 - 7,027 19,895

 522 104 45 35,394 35,394 35,393 12,840 22,554 1 0 0 773 152 2,419 - 6,946 32,462

 819 147 150 50,031 50,031 50,030 18,150 31,881 1 0 0 736 144 5,756 - 3,874 53,909

 926 166 103 45,676 45,676 45,675 16,570 29,106 1 0 0 934 278 2,228 - 4,918 45,393

 1,080 212 136 75,491 75,490 75,489 27,385 48,103 1 0 1 753 117 3,721 -18,552 62,958

 346 71 62 22,814 22,810 22,809 8,275 14,535 0 0 5 518 44 1,023 - 4,029 20,849

 1   10,0 10,0 10,0 3,6 6,3    4 1 9 + 3,9 15,8
 654,360

 654,360 11,038 2,200 641,122 0 671,982 19,736 652,247

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.

 766,177 111,817 654,360 19,729 30,583 24,004 6,199 103 277 10,188 2,218 717,078 8,514 8,380 609 734,581

 32,325 4,870 27,455 1,130 1,188 1,185 0 2 1 723 137 30,633 444 436 32 31,545

 338,762 28,464 310,298 7,763 14,921 8,493 6,199 80 150 1,036 673 334,691 1,878 1,809 241 338,619

 24,795 7,441 17,354 759 620 619 0 1 0 548 99 19,380 250 233 33 19,895

 31,601 4,543 27,058 1,089 2,119 2,116 0 3 0 632 131 31,027 700 702 32 32,462

 53,896 8,880 45,016 1,539 2,163 2,039 0 7 117 752 234 49,703 2,069 2,073 63 53,909

 59,666 20,169 39,498 1,405 2,176 2,174 0 2 0 1,150 182 44,410 475 475 33 45,393

 62,999 7,478 55,521 2,322 2,285 2,281 0 3 1 791 233 61,151 874 858 75 62,958

 22,061 3,455 18,606 702 657 652 0 1 5 369 99 20,433 200 199 17 20,849

 15,0 1,4 13,6 3 7 7    3  15,1 3 3  15,8

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 2, 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

 Apr 2, 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.