Reserve Bank Credit 650,788 + 497 + 63,200 649,878

U.S. government securities (1)

Bought outright-system account (2,3) 591,354 + 2,294 + 58,448 592,187

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) 22,036 - 1,900 + 4,750 20,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 3 - 2 - 54 0

Seasonal credit 131 + 25 + 9 150

Extended credit 0 0 0 0

Float -503 - 280 - 1,505 -1,204

Other F.R. assets 37,756 + 358 + 1,551 37,984

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,759 + 14 + 1,141 33,759

Total factors supplying reserve funds 697,790 + 511 + 64,340 696,880

Currency in circulation* 654,646 + 406 + 60,628 655,939

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

Treasury cash holdings* 407 - 4 - 56 397

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

Treasury 5,894 + 605 + 700 6,899

Foreign 124 + 39 + 23 113

Service-related balances and adjustments (5) 10,248 + 244 + 3,044 10,248

Other 255 + 17 - 29 251

Other F.R. liabilities and capital 19,819 + 70 + 1,754 19,708

Total factors, other than reserve balances,

absorbing reserve funds 691,392 + 1,376 + 66,063 693,556

Reserve balances with F.R. Banks (6) 6,398 - 865 - 1,723 3,324

FEDERAL RESERVE

 June 20, 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 19, 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 $ 773,642 million, a change of $ + 3,140 million for the week. The total includes

$ 619,302 million of U.S. government securities and $ 154,340 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 $ 22,576 million (daily average over statement week) and $ 22,023 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,576 million (daily average) and $ 22,023 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 930 million (daily average)

and $ 1,512 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 $ 1,187 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 $ 9,915 million and adjustments of $ 334 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 19, 2002 Week ended

Jun 19, 2002 Jun 12, 2002 Jun 20, 2001
ASSETS

Gold certificate account 11,044 0 0

Special drawing rights certificate account 2,200 0 0

Coin 945 + 13 - 176

Loans 150 + 43 - 61

Acceptances 0 0 0

Repurchase agreements — triparty (1) 20,750 - 13,750 + 7,000

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 198,163 + 2,774 + 16,914

Notes (3) 288,595 + 10 + 35,064

Bonds (4) 105,429 + 7 + 5,727

Total bought outright (5) 592,187 + 2,791 + 57,705

Held under repurchase agreements 0 0 0

Total U.S. government securities 592,187 + 2,791 + 57,705

Total loans and securities 613,097 - 10,917 + 64,644

Items in process of collection (935) 7,116 - 624 - 1,753

Bank premises 1,517 + 1 + 10

Other assets (6) 36,468 + 438 + 1,675

 TOTAL ASSETS ( 9 3 5 ) 672,387 - 11,089 + 64,401

LIABILITIES

Federal Reserve notes 623,523 + 70 + 59,405

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,341 - 13,589 + 3,267

U.S. Treasury—general account 6,899 + 2,172 + 141

Foreign—official accounts 113 + 4 - 20

Other ( 0 ) 251 + 8 - 15

Total deposits ( 0 ) 21,604 - 11,405 + 3,373

Deferred availability cash items (935) 7,552 + 67 - 235

Other liabilities and accrued dividends (7) 2,554 - 9 - 804

TOTAL LIABILITIES ( 9 3 5 ) 655,233 - 11,277 + 61,739

CAPITAL ACCOUNTS

Capital paid in 8,320 + 26 + 1,187

Surplus 7,312 0 + 667

Other capital accounts 1,523 + 163 + 808

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 20, 2001

Eliminations from

Consolidation Wednesday

Jun 19, 2002

Wednesday

Jun 12, 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 $ 699 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 $ 489 million of compensation

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

5 Net of $ 22,023 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,512 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 19, 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 $ 1,187 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 137 20,213 + 2,708 0 0 16,750 0

16 days to 90 days 13 136,072 - 1,750 0 0 4,000 0

91 days to 1 year 0 134,387 + 1,817 0 0 ——— ———

 Over 1 year to 5 years ——— 167,485 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 52,479 + 6 0 0 ——— ———

Over 10 years ——— 81,551 + 8 0 0 ——— ———

Total 150 592,187 + 2,791 10 0 20,750 0
 533

 115 45 1 0 0 1 0 11,354 16,535 6,041 33,929 0 33,929 33,931 517 92 1,906 - 4,383 32,755

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on June 19, 2002Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

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 secu2 Face value of the securities.3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 699 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 489 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,023 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,51

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 2,200 945 150 0 20,750 10 0 198,163 288,595 105,429 592,187 0 592,187 613,097 8,052 1,517 36,468 0 673,322

 4,369 874 45 0 0 20,750 4 0 77,969 113,551 41,482 233,002 0 233,002 253,756 822 182 12,808 + 8,971 281,825

 430 83 43 0 0 0 0 0 7,620 11,097 4,054 22,771 0 22,771 22,772 424 49 1,235 - 2,895 22,141

 522 104 46 0 0 0 1 0 10,934 15,923 5,817 32,674 0 32,674 32,674 319 152 2,439 - 5,152 31,103

 819 147 124 0 0 0 1 0 15,455 22,508 8,223 46,186 0 46,186 46,187 451 130 5,282 + 1,873 55,013

 926 166 100 2 0 0 1 0 14,110 20,549 7,507 42,166 0 42,166 42,169 598 280 2,449 + 1,080 47,767

 1,080 212 122 40 0 0 1 0 23,320 33,962 12,407 69,689 0 69,689 69,730 544 108 3,757 - 6,436 69,118

 346 71 58 30 0 0 0 0 7,046 10,262 3,749 21,057 0 21,057 21,087 329 43 966 - 1,900 21,000

 1        3,0 4,5 1,6 9,2  9,2 9,3 6 1 6 + 4,5 15,4
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on June 19, 2002Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

 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 

arrangements and excludes the par value of securities pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.

 623,523 0 14,341 6,899 113 251 21,604 8,487 2,554 656,168 8,320 7,312 1,523 673,322 752,271 128,748 623,523 11,044 2,200 0 610,279 623,523

 30,453 0 646 0 2 19 666 582 155 31,857 432 418 49 32,755 35,158 4,705 30,453

 266,870 0 2,218 6,899 89 135 9,340 908 785 277,904 1,852 1,504 565 281,825 307,381 40,511 266,870

 20,556 0 526 0 1 0 528 453 112 21,649 235 221 36 22,141 27,072 6,515 20,556

 28,203 0 933 0 3 1 937 402 149 29,691 686 665 62 31,103 33,164 4,961 28,203

 46,863 0 2,862 0 7 89 2,959 613 271 50,705 2,122 1,757 429 55,013 56,917 10,054 46,863

 44,537 0 1,083 0 2 0 1,086 888 209 46,720 470 535 42 47,767 61,094 16,557 44,537

 64,332 0 2,100 0 3 2 2,105 703 273 67,413 817 793 95 69,118 70,985 6,653 64,332

 19,717 0 480 0 1 2 483 250 110 20,560 208 149 82 21,000 23,539 3,822 19,717

 13,8  4    4 5  14,9 3 1  15,4 15,7 1,9 13,8