Reserve Bank Credit 647,401 + 6,994 + 61,014 654,355

U.S. government securities (1)

Bought outright-system account (2,3) 580,919 + 653 + 53,883 580,860

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) 27,429 + 5,465 + 4,986 34,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 12 + 4 + 2 8

Seasonal credit 67 + 11 + 26 88

Extended credit 0 0 0 0

Float -186 + 332 + 215 -129

Other F.R. assets 39,151 + 530 + 1,904 39,018

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,661 + 14 + 1,244 33,661

Total factors supplying reserve funds 694,305 + 7,007 + 62,255 701,260

Currency in circulation* 644,218 + 754 + 55,849 646,309

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

Treasury cash holdings* 393 - 6 - 123 394

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

Treasury 6,946 - 48 + 213 4,323

Foreign 90 + 8 + 4 92

Service-related balances and adjustments (5) 10,012 - 119 + 2,771 10,012

Other 237 + 5 - 120 212

Other F.R. liabilities and capital 19,044 + 186 + 1,061 18,868

Total factors, other than reserve balances,

absorbing reserve funds 680,940 + 779 + 59,655 680,210

Reserve balances with F.R. Banks (6) 13,365 + 6,228 + 2,600 21,049

FEDERAL RESERVE

 May 2, 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 May 1, 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 $ 742,007 million, a change of $ + 4,162 million for the week. The total includes

$ 598,000 million of U.S. government securities and $ 144,006 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 $ 20,674 million (daily average over statement week) and $ 21,133 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 20,674 million (daily average) and $ 21,133 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,211 million (daily average)

and $ 749 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 $ 1,073 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 $ 9,871 million and adjustments of $ 142 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

 May 1, 2002 Week ended

 May 1, 2002 Apr 24, 2002 May 2, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 982 - 17 - 135

Loans 96 + 30 + 33

Acceptances 0 0 0

Repurchase agreements — triparty (1) 34,500 + 13,500 + 5,243

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 192,016 - 1,697 + 10,500

Notes (3) 283,536 + 450 + 35,569

Bonds (4) 105,308 + 69 + 8,148

Total bought outright (5) 580,860 - 1,178 + 54,217

Held under repurchase agreements 0 0 0

Total U.S. government securities 580,860 - 1,178 + 54,217

Total loans and securities 615,467 + 12,353 + 59,494

Items in process of collection (1,314) 8,587 + 1,194 - 925

Bank premises 1,512 - 3 + 14

Other assets (6) 37,275 + 83 + 1,773

 TOTAL ASSETS (1,314) 677,066 + 13,609 + 60,219

LIABILITIES

Federal Reserve notes 614,024 + 1,587 + 54,609

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 30,954 + 12,848 + 6,944

U.S. Treasury—general account 4,323 - 1,932 - 1,391

Foreign—official accounts 92 + 16 - 23

Other ( 0 ) 212 - 19 - 157

Total deposits ( 0 ) 35,582 + 10,914 + 5,374

Deferred availability cash items (1,314) 8,592 + 928 - 840

Other liabilities and accrued dividends (7) 2,373 - 50 - 1,137

TOTAL LIABILITIES (1,314) 660,571 + 13,380 + 58,006

CAPITAL ACCOUNTS

Capital paid in 8,056 0 + 1,013

Surplus 7,300 + 10 + 855

Other capital accounts 1,139 + 219 + 345

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 May 2, 2001

Eliminations from

Consolidation Wednesday

 May 1, 2002

Wednesday

Apr 24, 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 $ 634 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 $ 439 million of compensation

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

5 Net of $ 21,133 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 749 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, May 1, 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 $ 1,073 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 22,521 - 5,140 0 0 29,500 0

16 days to 90 days 77 122,738 - 3,805 0 0 5,000 0

91 days to 1 year 0 138,748 + 6,282 0 0 ——— ———

 Over 1 year to 5 years ——— 161,353 + 968 10 0 ——— ———

 Over 5 years to 10 years ——— 53,999 + 448 0 0 ——— ———

Over 10 years ——— 81,502 + 69 0 0 ——— ———

Total 96 580,860 - 1,178 10 0 34,500 0
 533

 115 59 6 0 0 1 0 11,002 16,245 6,034 33,280 0 33,280 33,287 650 92 1,966 - 1,936 34,765

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on May 1, 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 $ 634 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 $ 439 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 21,133 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 749 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 2,200 982 96 0 34,500 10 0 192,016 283,536 105,308 580,860 0 580,860 615,467 9,901 1,512 37,275 0 678,380

 4,369 874 53 0 0 34,500 4 0 75,551 111,560 41,435 228,546 0 228,546 263,050 1,987 181 13,216 - 5,374 278,354

 430 83 51 0 0 0 0 0 7,384 10,903 4,049 22,336 0 22,336 22,336 371 49 1,240 - 2,215 22,345

 522 104 54 0 0 0 1 0 10,594 15,644 5,810 32,049 0 32,049 32,049 368 151 2,469 - 2,195 33,522

 819 147 132 0 0 0 1 0 14,976 22,114 8,213 45,303 0 45,303 45,304 601 131 5,246 + 1,320 53,700

 926 166 87 0 0 0 1 0 13,672 20,189 7,498 41,360 0 41,360 41,360 617 280 2,512 + 1,284 47,233

 1,080 212 121 33 0 0 1 0 22,597 33,367 12,393 68,356 0 68,356 68,390 511 108 3,865 - 1,401 72,885

 346 71 55 7 0 0 0 0 6,828 10,082 3,745 20,654 0 20,654 20,662 399 43 1,007 - 1,075 21,508

 179 30 37 30 0 0 0 0 3,002 4,432 1,646 9,080 0 9,080 9,111 492 123 634 + 5,131 15,737

 309 66 70 8 0 0 0 0 5,676 8,381 3,113 17,170 0 17,170 17,178 499 49 987 + 559 19,718

 485 98 125 0 0 0 0 0 4,262 6,293 2,337 12,891 0 12,891 12,892 515 136 823 + 8,622 23,695

 1,046 234 137 11 0 0 1 0 16,474 24,326 9,035 49,835 0 49,835 49,848 2,891 171 3,310 - 2,720 54,918
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on May 1, 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.

 614,024 0 30,954 4,323 92 212 35,582 9,906 2,373 661,885 8,056 7,300 1,139 678,380 748,783 134,759 614,024 11,044 2,200 0 600,780 614,024

 30,544 0 2,521 0 2 11 2,534 641 143 33,861 430 418 56 34,765 35,156 4,613 30,544

 256,639 0 11,824 4,323 68 71 16,286 1,087 730 274,743 1,682 1,504 425 278,354 298,942 42,303 256,639

 20,553 0 577 0 1 0 578 640 105 21,877 223 221 24 22,345 27,554 7,001 20,553

 28,956 0 2,568 0 3 0 2,571 449 139 32,114 680 665 63 33,522 33,814 4,858 28,956

 46,699 0 1,755 0 7 117 1,879 715 250 49,542 2,114 1,757 286 53,700 56,741 10,042 46,699

 43,598 0 1,369 0 2 0 1,371 1,032 195 46,196 450 535 52 47,233 61,685 18,087 43,598

 66,256 0 3,960 0 3 1 3,965 732 254 71,206 801 793 85 72,885 72,979 6,723 66,256

 20,177 0 538 0 1 3 541 296 104 21,118 203 149 37 21,508 23,818 3,641 20,177

 13,758 0 953 0 1 2 956 533 78 15,324 306 106 0 15,737 15,975 2,217 13,758

 17,342 0 1,446 0 1 5 1,452 429 95 19,318 191 191 18 19,718 21,270 3,928 17,342

 21,583 0 1,258 0 1 1 1,259 414 88 23,345 167 164 19 23,695 34,058 12,475 21,583

 47,918 0 2,185 0 3 1 2,189 2,941 192 53,241 808 796 73 54,918 66,791 18,872 47,918