Reserve Bank Credit 656,753 - 1,406 + 64,885 653,900

U.S. government securities (1)

Bought outright-system account (2,3) 592,513 - 113 + 58,273 594,411

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) 24,571 - 1,286 + 4,842 19,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 2 - 40 - 162 3

Seasonal credit 177 + 10 + 1 184

Extended credit 0 0 0 0

Float -310 - 811 - 678 -266

Other F.R. assets 39,789 + 835 + 2,607 39,808

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,955 + 14 + 1,257 33,955

Total factors supplying reserve funds 703,952 - 1,392 + 66,143 701,099

Currency in circulation* 661,400 - 2,644 + 60,311 661,286

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

Treasury cash holdings* 392 + 4 - 20 377

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

Treasury 5,495 + 510 + 558 5,000

Foreign 98 - 1 + 23 156

Service-related balances and adjustments (5) 10,118 - 5 + 3,042 10,118

Other 244 + 16 - 81 230

Other F.R. liabilities and capital 19,910 + 335 + 1,983 19,578

Total factors, other than reserve balances,

absorbing reserve funds 697,657 - 1,786 + 65,815 696,746

Reserve balances with F.R. Banks (6) 6,295 + 394 + 328 4,353

FEDERAL RESERVE

 July 18, 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 July 17, 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 $ 792,037 million, a change of $ + 1,462 million for the week. The total includes

$ 638,404 million of U.S. government securities and $ 153,633 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 $ 24,755 million (daily average over statement week) and $ 22,977 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 24,755 million (daily average) and $ 22,977 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 889 million (daily average)

and $ 2,109 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 11,712 million of inflation-indexed securities valued at the original face amount and $ 1,105 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 $ 9,902 million and adjustments of $ 217 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

Jul 17, 2002 Week ended

Jul 17, 2002 Jul 10, 2002 Jul 18, 2001
ASSETS

Gold certificate account 11,039 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 897 + 12 - 182

Loans 187 - 11 - 274

Acceptances 0 0 0

Repurchase agreements — triparty (1) 19,750 - 7,250 + 2,900

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 198,604 - 120 + 18,605

Notes (3) 290,167 0 + 34,812

Bonds (4) 105,640 0 + 4,892

Total bought outright (5) 594,411 - 120 + 58,309

Held under repurchase agreements 0 0 0

Total U.S. government securities 594,411 - 120 + 58,309

Total loans and securities 614,358 - 7,381 + 60,935

Items in process of collection (1,111) 7,207 - 595 - 2,268

Bank premises 1,520 + 1 + 7

Other assets (6) 38,286 + 347 + 2,585

 TOTAL ASSETS (1,111) 675,508 - 7,616 + 61,072

LIABILITIES

Federal Reserve notes 628,601 - 2,772 + 57,980

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,257 - 4,904 + 1,799

U.S. Treasury—general account 5,000 - 194 - 619

Foreign—official accounts 156 + 72 + 86

Other ( 0 ) 230 + 9 - 91

Total deposits ( 0 ) 19,643 - 5,017 + 1,176

Deferred availability cash items (1,111) 7,685 + 153 + 27

Other liabilities and accrued dividends (7) 2,365 - 17 - 665

TOTAL LIABILITIES (1,111) 658,295 - 7,652 + 58,519

CAPITAL ACCOUNTS

Capital paid in 8,261 - 7 + 1,108

Surplus 7,312 0 + 591

Other capital accounts 1,641 + 43 + 855

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 18, 2001

Eliminations from

Consolidation Wednesday

Jul 17, 2002

Wednesday

Jul 10, 2002

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 6,701 million of inflation-indexed securities valued at the original face amount and $ 605 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 $ 501 million of compensation

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

5 Net of $ 22,977 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,109 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, July 17, 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 $ 11,712 million of inflation-indexed securities valued at the original face amount and $ 1,105 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 170 20,434 + 4,365 0 0 15,750 0

16 days to 90 days 17 131,640 - 7,000 0 0 4,000 0

91 days to 1 year 0 137,332 + 1,506 0 0 ——— ———

 Over 1 year to 5 years ——— 169,944 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,499 + 1,010 0 0 ——— ———

Over 10 years ——— 81,563 0 0 0 ——— ———

Total 187 594,411 - 120 10 0 19,750 0
 533

 115 41 2 0 0 1 0 11,379 16,625 6,053 34,057 0 34,057 34,059 493 92 2,007 - 4,683 32,656

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on July 17, 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 $ 6,701 million of inflation-indexed securities valued at the original face amount and $ 605 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 $ 501 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,977 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,10

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.

 11,039 2,200 897 187 0 19,750 10 0 198,604 290,167 105,640 594,411 0 594,411 614,358 8,318 1,520 38,286 0 676,619

 4,364 874 39 0 0 19,750 4 0 78,143 114,169 41,565 233,878 0 233,878 253,632 905 183 13,349 +12,943 286,289

 430 83 39 0 0 0 0 0 7,637 11,158 4,062 22,857 0 22,857 22,857 354 49 1,296 - 3,335 21,773

 522 104 43 0 0 0 1 0 10,958 16,010 5,829 32,797 0 32,797 32,797 315 152 2,574 - 5,588 30,919

 819 147 119 0 0 0 1 0 15,490 22,631 8,239 46,360 0 46,360 46,361 529 130 5,584 + 111 53,799

 926 166 108 5 0 0 1 0 14,141 20,661 7,522 42,324 0 42,324 42,330 628 280 2,575 + 1,028 48,041

 1,080 212 114 48 0 0 1 0 23,372 34,147 12,432 69,950 0 69,950 70,000 751 109 3,956 - 8,055 68,168

 346 71 55 33 0 0 0 0 7,062 10,318 3,756 21,136 0 21,136 21,169 371 43 1,022 - 2,043 21,034

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

Statement of Condition of Each Federal Reserve Bank on July 17, 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.

 628,601 0 14,257 5,000 156 230 19,643 8,796 2,365 659,406 8,261 7,312 1,641 676,619 750,142 121,540 628,601 11,039 2,200 1,191 614,171 628,601

 30,377 0 696 0 2 15 712 522 142 31,752 432 418 54 32,656 34,918 4,541 30,377

 272,733 0 2,681 5,000 132 144 7,958 901 744 282,336 1,852 1,504 597 286,289 309,300 36,567 272,733

 20,044 0 655 0 1 0 656 469 105 21,274 236 221 42 21,773 26,766 6,722 20,044

 27,951 0 963 0 3 1 967 446 132 29,496 686 665 72 30,919 32,751 4,801 27,951

 46,348 0 2,294 0 7 64 2,364 666 216 49,595 2,055 1,757 392 53,799 56,330 9,982 46,348

 44,572 0 1,296 0 2 -2 1,297 916 197 46,982 473 535 51 48,041 60,387 15,815 44,572

 63,773 0 1,732 0 3 1 1,736 688 253 66,451 818 793 106 68,168 70,068 6,294 63,773

 19,745 0 482 0 1 2 485 265 104 20,600 201 149 84 21,034 23,382 3,637 19,745

 13,8  3    3 6  15,0 3 1  15,5 15,6 1,7 13,8