Reserve Bank Credit 658,663 + 1,910 + 62,857 667,744

U.S. government securities (1)

Bought outright-system account (2,3) 597,616 + 5,103 + 61,794 600,510

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) 21,107 - 3,464 - 736 26,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 15 + 13 - 141 104

Seasonal credit 183 + 6 - 10 184

Extended credit 0 0 0 0

Float -406 - 96 - 498 -150

Other F.R. assets 40,138 + 350 + 2,447 40,336

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,969 + 14 + 1,257 33,969

Total factors supplying reserve funds 705,875 + 1,923 + 64,113 714,957

Currency in circulation* 659,659 - 1,741 + 59,074 660,604

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

Treasury cash holdings* 378 - 14 - 29 381

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

Treasury 5,311 - 184 + 388 5,085

Foreign 77 - 21 - 30 78

Service-related balances and adjustments (5) 10,239 + 121 + 2,741 10,239

Other 218 - 26 - 85 227

Other F.R. liabilities and capital 19,765 - 145 + 1,709 19,226

Total factors, other than reserve balances,

absorbing reserve funds 695,647 - 2,010 + 63,769 695,841

Reserve balances with F.R. Banks (6) 10,228 + 3,933 + 344 19,117

FEDERAL RESERVE

 July 25, 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 24, 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 $ 790,963 million, a change of $ - 1,074 million for the week. The total includes

$ 635,472 million of U.S. government securities and $ 155,492 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 $ 22,445 million (daily average over statement week) and $ 22,129 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,445 million (daily average) and $ 22,129 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,077 million (daily average)

and $ 1,723 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,151 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 $ 9,908 million and adjustments of $ 331 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 24, 2002 Week ended

Jul 24, 2002 Jul 17, 2002 Jul 25, 2001
ASSETS

Gold certificate account 11,039 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 922 + 25 - 170

Loans 288 + 101 + 76

Acceptances 0 0 0

Repurchase agreements — triparty (1) 26,750 + 7,000 - 8,300

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 203,024 + 4,420 + 22,746

Notes (3) 291,777 + 1,610 + 36,415

Bonds (4) 105,709 + 69 + 4,957

Total bought outright (5) 600,510 + 6,099 + 64,118

Held under repurchase agreements 0 0 0

Total U.S. government securities 600,510 + 6,099 + 64,118

Total loans and securities 627,559 + 13,201 + 55,895

Items in process of collection (966) 6,891 - 316 - 269

Bank premises 1,522 + 2 + 8

Other assets (6) 38,719 + 433 + 2,419

 TOTAL ASSETS ( 9 6 6 ) 688,852 + 13,344 + 57,879

LIABILITIES

Federal Reserve notes 627,934 - 667 + 57,126

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 29,349 + 15,092 - 769

U.S. Treasury—general account 5,085 + 85 + 368

Foreign—official accounts 78 - 78 - 1

Other ( 0 ) 227 - 3 - 64

Total deposits ( 0 ) 34,739 + 15,096 - 465

Deferred availability cash items (966) 6,952 - 733 - 154

Other liabilities and accrued dividends (7) 2,391 + 26 - 677

TOTAL LIABILITIES ( 9 6 6 ) 672,017 + 13,722 + 55,831

CAPITAL ACCOUNTS

Capital paid in 8,265 + 4 + 1,112

Surplus 7,312 0 + 583

Other capital accounts 1,258 - 383 + 353

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 25, 2001

Eliminations from

Consolidation Wednesday

Jul 24, 2002

Wednesday

Jul 17, 2002

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

2 Face value of the securities.

3 Includes $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 644 million of compensation

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

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 507 million of compensation

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

5 Net of $ 22,129 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,723 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 24, 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 $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,151 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 272 22,480 + 2,046 0 0 22,750 0

16 days to 90 days 16 130,686 - 954 0 0 4,000 0

91 days to 1 year 0 141,763 + 4,431 0 0 ——— ———

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

 Over 5 years to 10 years ——— 54,005 + 506 0 0 ——— ———

Over 10 years ——— 81,632 + 69 0 0 ——— ———

Total 288 600,510 + 6,099 10 0 26,750 0
 533

 115 42 2 0 0 1 0 11,632 16,717 6,057 34,406 0 34,406 34,408 415 92 2,045 - 2,473 35,176

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on July 24, 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 644 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 507 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,129 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,72

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 2,200 922 288 0 26,750 10 0 203,024 291,777 105,709 600,510 0 600,510 627,559 7,857 1,522 38,719 0 689,818

 4,364 874 39 0 0 26,750 4 0 79,882 114,803 41,592 236,277 0 236,277 263,031 690 183 13,535 +12,477 295,194

 430 83 40 100 0 0 0 0 7,807 11,220 4,065 23,091 0 23,091 23,192 380 49 1,310 - 3,899 21,584

 522 104 48 0 0 0 1 0 11,202 16,099 5,832 33,133 0 33,133 33,134 285 152 2,594 - 5,322 31,517

 819 147 125 0 0 0 1 0 15,834 22,757 8,245 46,835 0 46,835 46,836 463 130 5,599 - 841 53,278

 926 166 115 5 0 0 1 0 14,456 20,776 7,527 42,759 0 42,759 42,765 857 280 2,606 - 27 47,688

 1,080 212 113 45 0 0 1 0 23,892 34,336 12,440 70,668 0 70,668 70,715 612 111 4,007 - 7,493 69,357

 346 71 56 37 0 0 0 0 7,219 10,375 3,759 21,353 0 21,353 21,390 385 43 1,033 - 2,080 21,244

 1        3,1 4,5 1,6 9,3  9,3 9,4 6 1 6 + 4,6 15,7
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on July 24, 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.

 627,934 0 29,349 5,085 78 227 34,739 7,919 2,391 672,983 8,265 7,312 1,258 689,818 749,488 121,554 627,934 11,039 2,200 0 614,695 627,934

 30,008 0 3,636 0 2 12 3,649 492 146 34,295 432 418 31 35,176 34,855 4,847 30,008

 274,194 0 10,289 5,085 54 146 15,574 799 752 291,319 1,852 1,504 519 295,194 310,051 35,857 274,194

 19,824 0 682 0 1 0 683 487 107 21,100 235 221 28 21,584 26,652 6,828 19,824

 27,802 0 1,844 0 3 1 1,848 346 134 30,130 687 665 36 31,517 32,650 4,849 27,802

 45,923 0 2,314 0 7 61 2,383 617 228 49,150 2,059 1,757 311 53,278 56,200 10,277 45,923

 44,243 0 1,457 0 2 0 1,459 755 201 46,657 473 535 23 47,688 60,050 15,807 44,243

 63,577 0 3,143 0 3 2 3,148 697 258 67,680 818 793 66 69,357 70,025 6,447 63,577

 19,683 0 808 0 1 2 811 230 106 20,830 201 149 64 21,244 23,346 3,664 19,683

 13,8  6    6 6  15,2 3 1  15,7 15,6 1,8 13,8