Reserve Bank Credit 636,234 + 4,235 + 58,505 641,427

U.S. government securities (1)

Bought outright-system account (2,3) 568,510 + 1,178 + 46,836 570,091

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) 32,392 + 3,536 + 12,318 35,249

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 13 + 8 - 65 10

Seasonal credit 14 + 2 - 7 18

Extended credit 0 0 0 0

Float -373 - 407 - 1,560 -58

Other F.R. assets 35,670 - 81 + 985 36,107

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,321 + 14 + 1,192 33,321

Total factors supplying reserve funds 682,800 + 4,250 + 59,695 687,992

Currency in circulation* 638,315 + 701 + 53,823 640,152

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

Treasury cash holdings* 415 + 5 - 90 419

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

Treasury 5,473 + 777 + 514 5,410

Foreign 124 - 3 + 37 75

Service-related balances and adjustments (5) 9,048 - 15 + 2,322 9,048

Other 248 + 30 - 3 241

Other F.R. liabilities and capital 18,007 + 120 - 166 18,252

Total factors, other than reserve balances,

absorbing reserve funds 671,629 + 1,614 + 56,436 673,596

Reserve balances with F.R. Banks (6) 11,171 + 2,636 + 3,260 14,396

FEDERAL RESERVE

 March 7, 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 March 6, 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 $ 747,036 million, a change of $ + 13,657 million for the week. The total includes

$ 606,054 million of U.S. government securities and $ 140,983 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 $ 19,274 million (daily average over statement week) and $ 18,434 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,274 million (daily average) and $ 18,434 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 729 million (daily average)

and $ 0 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 931 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 $ 8,873 million and adjustments of $ 176 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

 Mar 6, 2002 Week ended

 Mar 6, 2002 Feb 27, 2002 Mar 7, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,111 - 14 - 6

Loans 28 + 6 - 94

Acceptances 0 0 0

Repurchase agreements — triparty (1) 35,249 + 3,250 + 14,309

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 190,971 + 676 + 6,258

Notes (3) 274,981 + 712 + 31,942

Bonds (4) 104,138 0 + 8,839

Total bought outright (5) 570,091 + 1,389 + 47,040

Held under repurchase agreements 0 0 0

Total U.S. government securities 570,091 + 1,389 + 47,040

Total loans and securities 605,378 + 4,645 + 61,255

Items in process of collection (1,041) 8,626 + 1,589 - 416

Bank premises 1,509 0 + 32

Other assets (6) 34,611 + 156 + 1,149

 TOTAL ASSETS (1,041) 664,480 + 6,377 + 62,015

LIABILITIES

Federal Reserve notes 608,361 + 1,457 + 52,701

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 23,837 + 3,022 + 8,600

U.S. Treasury—general account 5,410 + 502 + 343

Foreign—official accounts 75 - 4 - 22

Other ( 0 ) 241 + 29 0

Total deposits ( 0 ) 29,562 + 3,548 + 8,920

Deferred availability cash items (1,041) 8,305 + 774 + 142

Other liabilities and accrued dividends (7) 2,373 + 12 - 1,574

TOTAL LIABILITIES (1,041) 648,601 + 5,791 + 60,189

CAPITAL ACCOUNTS

Capital paid in 7,636 + 1 + 600

Surplus 7,273 + 7 + 886

Other capital accounts 970 + 578 + 340

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Mar 7, 2001

Eliminations from

Consolidation Wednesday

 Mar 6, 2002

Wednesday

Feb 27, 2002

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

2 Face value of the securities.

3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 533 million of compensation

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

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation

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

5 Net of $ 18,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 0 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, March 6, 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 $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 931 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 15 16,853 - 11,630 0 0 29,249 0

16 days to 90 days 14 129,529 + 11,713 0 0 6,000 0

91 days to 1 year 0 133,416 + 527 0 0 ——— ———

 Over 1 year to 5 years ——— 157,379 + 270 10 0 ——— ———

 Over 5 years to 10 years ——— 51,953 + 507 0 0 ——— ———

Over 10 years ——— 80,960 + 1 0 0 ——— ———

Total 28 570,091 + 1,389 10 0 35,249 0
 546

 115 67 1 0 0 1 0 11,474 16,521 6,257 34,252 0 34,252 34,253 502 92 1,854 - 3,353 34,077

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on March 6, 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 $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 533 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 398 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 18,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 

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 1,111 28 0 35,249 10 0 190,971 274,981 104,138 570,091 0 570,091 605,378 9,667 1,509 34,611 0 665,521

 4,450 874 58 0 0 35,249 4 0 78,228 112,641 42,659 233,528 0 233,528 268,781 980 177 12,482 -17,198 270,604

 454 83 58 0 0 0 0 0 7,844 11,295 4,277 23,416 0 23,416 23,416 536 49 1,183 - 3,492 22,287

 538 104 62 0 0 0 1 0 11,180 16,099 6,097 33,376 0 33,376 33,376 404 151 2,359 - 3,497 33,497

 741 147 169 0 0 0 1 0 11,409 16,427 6,221 34,057 0 34,057 34,058 699 131 4,672 +13,395 54,013

 871 166 105 0 0 0 1 0 13,132 18,909 7,161 39,201 0 39,201 39,202 849 280 2,286 + 4,050 47,809

 1,028 212 137 3 0 0 1 0 21,629 31,144 11,794 64,567 0 64,567 64,571 394 106 3,500 + 2,922 72,871

 343 71 58 1 0 0 0 0 6,883 9,911 3,753 20,548 0 20,548 20,549 614 43 930 - 456 22,152

 1        5 8 3 1,7  1,7 1,7 7 1 3 +12,4 15,7
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on March 6, 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.

 608,361 0 23,837 5,410 75 241 29,562 9,346 2,373 649,642 7,636 7,273 970 665,521 750,375 142,014 608,361 11,044 2,200 0 595,117 608,361

 30,661 0 1,683 0 2 12 1,697 670 147 33,175 429 418 54 34,077 35,511 4,850 30,661

 250,915 0 8,702 5,410 51 128 14,291 1,034 753 266,992 1,673 1,504 434 270,604 295,303 44,388 250,915

 20,746 0 439 0 1 1 441 513 118 21,818 222 221 26 22,287 27,789 7,043 20,746

 30,005 0 1,509 0 3 0 1,513 424 140 32,081 682 665 70 33,497 34,361 4,357 30,005

 46,728 0 2,597 0 7 77 2,681 768 215 50,393 1,762 1,757 101 54,013 56,445 9,716 46,728

 43,972 0 1,635 0 2 0 1,638 970 194 46,774 447 535 53 47,809 63,171 19,199 43,972

 67,593 0 2,722 0 3 1 2,726 625 249 71,193 799 793 86 72,871 74,499 6,906 67,593

 20,802 0 621 0 1 7 629 290 105 21,826 150 149 27 22,152 23,741 2,939 20,802

 13,9  7    7 6  15,3 3   15,7 16,1 2,1 13,9