Reserve Bank Credit 651,310 - 4,538 + 63,570 648,795

U.S. government securities (1)

Bought outright-system account (2,3) 587,403 - 266 + 59,463 588,363

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) 26,929 - 4,275 + 2,875 22,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 0 - 7 - 120 1

Seasonal credit 120 - 9 + 25 107

Extended credit 0 0 0 0

Float -42 + 140 - 497 513

Other F.R. assets 36,890 - 122 + 1,823 37,050

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,731 + 14 + 1,169 33,731

Total factors supplying reserve funds 698,284 - 4,524 + 64,736 695,769

Currency in circulation* 654,300 + 352 + 59,095 655,218

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

Treasury cash holdings* 415 + 3 - 91 412

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

Treasury 5,338 + 326 + 542 5,776

Foreign 100 - 9 + 17 96

Service-related balances and adjustments (5) 9,799 - 360 + 2,755 9,799

Other 226 + 19 - 106 251

Other F.R. liabilities and capital 19,579 - 122 + 1,670 19,450

Total factors, other than reserve balances,

absorbing reserve funds 689,758 + 210 + 63,881 691,002

Reserve balances with F.R. Banks (6) 8,527 - 4,734 + 856 4,767

FEDERAL RESERVE

 June 6, 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 5, 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 $ 773,148 million, a change of $ + 17,290 million for the week. The total includes

$ 622,931 million of U.S. government securities and $ 150,217 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 $ 22,672 million (daily average over statement week) and $ 22,288 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,672 million (daily average) and $ 22,288 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 251 million (daily average)

and $ 18 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 $ 1,154 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 $ 9,810 million and adjustments of $ -10 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 5, 2002 Week ended

 Jun 5, 2002 May 29, 2002 Jun 6, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 929 + 1 - 145

Loans 109 - 37 - 5

Acceptances 0 0 0

Repurchase agreements — triparty (1) 22,750 - 24,675 + 3,700

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 194,372 - 450 + 16,905

Notes (3) 288,576 + 1,247 + 37,157

Bonds (4) 105,415 + 7 + 7,177

Total bought outright (5) 588,363 + 804 + 61,239

Held under repurchase agreements 0 0 0

Total U.S. government securities 588,363 + 804 + 61,239

Total loans and securities 611,231 - 23,909 + 64,933

Items in process of collection (1,322) 8,957 - 1,893 - 2,749

Bank premises 1,514 - 2 + 10

Other assets (6) 35,549 + 2 + 1,942

 TOTAL ASSETS (1,322) 671,424 - 25,801 + 63,989

LIABILITIES

Federal Reserve notes 622,827 - 1,020 + 58,100

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,554 - 25,460 + 4,295

U.S. Treasury—general account 5,776 + 1,829 - 150

Foreign—official accounts 96 - 112 + 14

Other ( 0 ) 251 + 41 - 76

Total deposits ( 0 ) 20,677 - 23,702 + 4,083

Deferred availability cash items (1,322) 8,470 - 1,223 + 23

Other liabilities and accrued dividends (7) 2,508 - 14 - 862

TOTAL LIABILITIES (1,322) 654,482 - 25,959 + 61,344

CAPITAL ACCOUNTS

Capital paid in 8,282 + 15 + 1,221

Surplus 7,312 0 + 728

Other capital accounts 1,349 + 143 + 696

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jun 6, 2001

Eliminations from

Consolidation Wednesday

 Jun 5, 2002

Wednesday

May 29, 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 $ 680 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 $ 474 million of compensation

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

5 Net of $ 22,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 18 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 5, 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 $ 1,154 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 19 17,597 - 8,651 0 0 17,750 0

16 days to 90 days 89 137,743 + 9,364 0 0 5,000 0

91 days to 1 year 0 131,539 - 1,710 0 0 ——— ———

 Over 1 year to 5 years ——— 167,481 + 1,012 10 0 ——— ———

 Over 5 years to 10 years ——— 52,467 + 782 0 0 ——— ———

Over 10 years ——— 81,536 + 7 0 0 ——— ———

Total 109 588,363 + 804 10 0 22,750 0
 533

 115 45 0 0 0 1 0 11,136 16,534 6,040 33,710 0 33,710 33,711 588 92 1,856 - 3,744 33,196

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on June 5, 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 $ 680 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 $ 474 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 22,288 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 18 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 2,200 929 109 0 22,750 10 0 194,372 288,576 105,415 588,363 0 588,363 611,231 10,279 1,514 35,549 0 672,746

 4,369 874 48 0 0 22,750 4 0 76,478 113,543 41,477 231,498 0 231,498 254,252 708 181 12,471 + 5,999 278,903

 430 83 46 0 0 0 0 0 7,474 11,097 4,053 22,624 0 22,624 22,625 418 49 1,170 - 2,480 22,340

 522 104 45 0 0 0 1 0 10,724 15,922 5,816 32,463 0 32,463 32,463 329 152 2,386 - 4,365 31,637

 819 147 127 0 0 0 1 0 15,160 22,507 8,222 45,888 0 45,888 45,889 555 130 5,189 + 2,443 55,299

 926 166 92 2 0 0 1 0 13,840 20,548 7,506 41,894 0 41,894 41,896 1,391 280 2,389 + 754 47,895

 1,080 212 119 35 0 0 1 0 22,874 33,960 12,405 69,239 0 69,239 69,274 662 108 3,653 - 4,676 70,432

 346 71 55 18 0 0 0 0 6,911 10,261 3,748 20,921 0 20,921 20,939 470 43 940 - 1,679 21,185

 179 30 38 33 0 0 0 0 3,039 4,511 1,648 9,198 0 9,198 9,231 572 123 610 + 4,609 15,391

 309 66 67 16 0 0 0 0 5,746 8,530 3,116 17,392 0 17,392 17,408 695 49 934 - 783 18,746

 485 98 121 2 0 0 0 0 4,314 6,404 2,340 13,058 0 13,058 13,060 566 138 784 + 7,934 23,185

 1,046 234 123 4 0 0 1 0 16,676 24,759 9,044 50,479 0 50,479 50,484 3,324 171 3,168 - 4,012 54,539
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on June 5, 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.

 622,827 0 14,554 5,776 96 251 20,677 9,792 2,508 655,804 8,282 7,312 1,349 672,746 751,995 129,168 622,827 11,044 2,200 0 609,584 622,827

 30,866 0 633 0 2 16 651 637 151 32,306 432 418 40 33,196 35,384 4,517 30,866

 264,238 0 3,064 5,776 72 132 9,044 972 775 275,029 1,834 1,504 536 278,903 305,254 41,017 264,238

 20,705 0 627 0 1 0 628 433 111 21,878 223 221 18 22,340 27,177 6,473 20,705

 28,607 0 947 0 3 0 950 533 148 30,237 686 665 49 31,637 33,414 4,807 28,607

 47,666 0 2,080 0 7 87 2,174 925 264 51,029 2,119 1,757 393 55,299 57,215 9,549 47,666

 44,608 0 1,071 0 2 0 1,074 970 205 46,857 470 535 33 47,895 61,208 16,600 44,608

 65,454 0 2,210 0 3 1 2,214 809 268 68,745 817 793 77 70,432 71,775 6,321 65,454

 19,786 0 548 0 1 13 561 295 109 20,752 208 149 75 21,185 23,612 3,825 19,786

 13,848 0 402 0 1 0 402 612 81 14,943 304 118 26 15,391 15,854 2,005 13,848

 17,209 0 579 0 1 1 581 458 98 18,347 194 191 14 18,746 21,067 3,858 17,209

 21,692 0 648 0 1 1 649 403 93 22,836 169 164 16 23,185 33,923 12,231 21,692

 48,149 0 1,746 0 3 0 1,749 2,744 204 52,846 826 796 71 54,539 66,112 17,963 48,149