Reserve Bank Credit 636,464 + 8,620 + 59,333 640,383

U.S. government securities (1)

Bought outright-system account (2,3) 565,884 + 3,238 + 46,215 566,822

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 71 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 34,750 + 8,286 + 12,774 35,749

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 2 - 29 - 11 1

Seasonal credit 16 - 8 - 1 14

Extended credit 0 0 0 0

Float -29 - 66 - 984 2,272

Other F.R. assets 35,831 - 2,800 + 1,410 35,515

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,293 + 14 + 1,247 33,293

Total factors supplying reserve funds 683,001 + 8,633 + 60,578 686,921

Currency in circulation* 638,623 + 3,817 + 54,485 639,576

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

Treasury cash holdings* 407 - 1 - 81 409

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

Treasury 4,892 - 84 + 56 4,946

Foreign 136 - 178 + 29 81

Service-related balances and adjustments (5) 9,447 + 69 + 2,917 9,447

Other 219 - 3 - 38 241

Other F.R. liabilities and capital 17,791 + 76 - 371 17,501

Total factors, other than reserve balances,

absorbing reserve funds 671,516 + 3,698 + 56,996 672,201

Reserve balances with F.R. Banks (6) 11,485 + 4,935 + 3,582 14,720

FEDERAL RESERVE

 February 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 February 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 $ 737,037 million, a change of $ + 5,635 million for the week. The total includes

$ 607,276 million of U.S. government securities and $ 129,761 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 $ 19,346 million (daily average over statement week) and $ 19,122 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,346 million (daily average) and $ 19,122 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 786 million (daily average)

and $ 3,242 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 912 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 $ 8,815 million and adjustments of $ 632 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

Feb 20, 2002 Week ended

Feb 20, 2002 Feb 13, 2002 Feb 21, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,149 - 20 + 37

Loans 15 - 6 - 17

Acceptances 0 0 0

Repurchase agreements — triparty (1) 35,749 + 10,249 + 6,984

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 189,632 + 502 + 5,720

Notes (3) 273,665 + 3,036 + 31,228

Bonds (4) 103,524 - 1,034 + 8,754

Total bought outright (5) 566,822 + 2,505 + 45,704

Held under repurchase agreements 0 0 0

Total U.S. government securities 566,822 + 2,505 + 45,704

Total loans and securities 602,596 + 12,748 + 52,671

Items in process of collection ( 9 6 7 ) 13,987 + 6,953 - 280

Bank premises 1,511 0 + 42

Other assets (6) 33,997 - 3,363 + 757

 TOTAL ASSETS ( 9 6 7 ) 666,485 + 16,318 + 53,226

LIABILITIES

Federal Reserve notes 607,842 + 2,349 + 53,204

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 24,588 + 9,584 - 405

U.S. Treasury—general account 4,946 + 838 + 846

Foreign—official accounts 81 - 275 + 4

Other ( 1 3 ) 241 + 29 - 15

Total deposits ( 1 3 ) 29,856 + 10,176 + 429

Deferred availability cash items ( 9 5 4 ) 11,287 + 3,895 + 28

Other liabilities and accrued dividends (7) 2,336 - 2 - 1,571

TOTAL LIABILITIES ( 9 6 7 ) 651,319 + 16,416 + 52,088

CAPITAL ACCOUNTS

Capital paid in 7,440 - 2 + 426

Surplus 7,269 - 1 + 902

Other capital accounts 457 - 95 - 191

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Feb 21, 2001

Eliminations from

Consolidation Wednesday

Feb 20, 2002

Wednesday

Feb 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 $ 538 million of compensation

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

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 373 million of compensation

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

5 Net of $ 19,122 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 3,242 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, February 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 $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 912 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 15 29,453 - 1,648 0 0 28,749 0

16 days to 90 days 0 115,927 + 3,515 0 0 7,000 0

91 days to 1 year 0 133,146 + 2,200 0 0 ——— ———

 Over 1 year to 5 years ——— 156,384 - 1,636 10 0 ——— ———

 Over 5 years to 10 years ——— 51,450 - 504 0 0 ——— ———

Over 10 years ——— 80,462 + 577 0 0 ——— ———

Total 15 566,822 + 2,505 10 0 35,749 0
 546

 115 65 1 0 0 1 0 11,394 16,442 6,220 34,056 0 34,056 34,058 898 92 1,819 - 3,964 33,628

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on February 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 $ 538 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 373 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 19,122 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,242 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 1,149 15 0 35,749 10 0 189,632 273,665 103,524 566,822 0 566,822 602,596 14,954 1,511 33,997 0 667,452

 4,450 874 61 0 0 35,749 4 0 77,680 112,102 42,407 232,189 0 232,189 267,942 2,055 178 12,290 -17,989 269,861

 454 83 57 0 0 0 0 0 7,789 11,241 4,252 23,282 0 23,282 23,282 639 49 1,159 - 3,153 22,570

 538 104 66 0 0 0 1 0 11,102 16,022 6,061 33,184 0 33,184 33,185 822 151 2,316 - 3,040 34,142

 741 147 174 0 0 0 1 0 11,329 16,349 6,185 33,862 0 33,862 33,863 1,037 132 4,591 +13,181 53,865

 871 166 118 0 0 0 1 0 13,040 18,818 7,119 38,976 0 38,976 38,977 1,772 280 2,241 + 4,173 48,599

 1,028 212 138 0 0 0 1 0 21,477 30,995 11,725 64,197 0 64,197 64,198 1,449 105 3,429 + 3,456 74,016

 343 71 63 0 0 0 0 0 6,835 9,864 3,731 20,430 0 20,430 20,430 685 43 910 + 136 22,682

 143 30 36 4 0 0 0 0 592 854 323 1,768 0 1,768 1,772 592 123 380 +13,449 16,526

 317 66 83 5 0 0 0 0 5,853 8,447 3,195 17,495 0 17,495 17,501 1,033 49 916 - 644 19,321

 477 98 143 1 0 0 0 0 3,438 4,961 1,877 10,276 0 10,276 10,276 766 137 683 + 6,703 19,283

 1,136 234 147 4 0 0 1 0 19,105 27,571 10,430 57,106 0 57,106 57,111 3,206 172 3,261 -12,307 52,959
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on February 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.

 607,842 0 24,588 4,946 81 254 29,868 12,241 2,336 652,286 7,440 7,269 457 667,452 751,211 143,369 607,842 11,044 2,200 0 594,597 607,842

 30,978 0 731 0 2 2 734 886 143 32,742 429 418 38 33,628 35,754 4,775 30,978

 250,962 0 8,265 4,946 57 154 13,422 1,530 740 266,655 1,504 1,504 198 269,861 295,538 44,576 250,962

 20,951 0 527 0 1 0 528 526 110 22,114 218 221 16 22,570 27,794 6,843 20,951

 30,101 0 1,833 0 3 2 1,838 683 134 32,756 683 665 38 34,142 34,541 4,440 30,101

 46,928 0 2,093 0 7 62 2,162 1,035 204 50,329 1,762 1,757 17 53,865 56,742 9,814 46,928

 44,503 0 1,731 0 2 0 1,733 1,162 195 47,593 447 535 25 48,599 63,185 18,682 44,503

 67,716 0 3,516 0 3 1 3,521 898 251 72,386 792 793 45 74,016 74,671 6,955 67,716

 21,049 0 861 0 1 15 876 334 105 22,364 150 149 19 22,682 23,758 2,708 21,049

 13,894 0 1,330 0 1 0 1,330 855 64 16,143 308 75 0 16,526 16,203 2,309 13,894

 17,392 0 977 0 1 3 981 453 97 18,923 193 191 15 19,321 21,738 4,346 17,392

 17,407 0 757 0 1 2 761 692 85 18,945 166 164 8 19,283 33,560 16,153 17,407

 45,961 0 1,968 0 3 11 1,982 3,187 207 51,337 788 796 38 52,959 67,728 21,767 45,961