Reserve Bank Credit 657,667 - 4,001 + 51,050 657,121

U.S. government securities (1)

Bought outright-system account (2,3) 610,273 + 640 + 66,696 610,231

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) 8,143 - 4,393 - 19,262 7,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 4 - 1 - 6 4

Seasonal credit 116 - 8 + 52 103

Extended credit 0 0 0 0

Float 376 - 287 + 414 231

Other F.R. assets 38,746 + 48 + 3,157 39,042

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding 34,163 + 14 + 1,196 34,163

Total factors supplying reserve funds 705,073 - 3,987 + 52,244 704,527

Currency in circulation* 662,661 - 1,557 + 47,942 663,110

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

Treasury cash holdings* 399 + 15 - 52 400

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

Treasury 5,064 + 737 - 257 5,713

Foreign 341 + 264 - 238 128

Service-related balances and adjustments (5) 10,297 - 1 + 2,240 10,297

Other 212 - 4 - 50 205

Other F.R. liabilities and capital 19,391 - 144 + 1,547 19,372

Total factors, other than reserve balances,

absorbing reserve funds 698,365 - 689 + 51,131 699,226

Reserve balances with F.R. Banks (6) 6,708 - 3,298 + 1,113 5,301

FEDERAL RESERVE

 October 24, 2002

These data are scheduled for release each Thursday.

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 October 23, 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 $ 803,483 million, a change of $ - 3,195 million for the week. The total includes

$ 652,109 million of U.S. government securities and $ 151,375 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 $ 18,168 million (daily average over statement week) and $ 18,215 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,168 million (daily average) and $ 18,215 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,180 million (daily average)

and $ 1,368 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 $ 1,205 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 $ 9,970 million and adjustments of $ 327 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

Oct 23, 2002 Week ended

Oct 23, 2002 Oct 16, 2002 Oct 24, 2001
ASSETS

Gold certificate account 11,038 0 - 7

Special drawing rights certificate account 2,200 0 0

Coin 1,074 + 15 - 39

Loans 107 - 52 + 5

Acceptances 0 0 0

Repurchase agreements — triparty (1) 7,500 - 6,250 - 22,550

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 208,217 - 140 + 25,184

Notes (3) 295,901 + 6 + 37,512

Bonds (4) 106,113 + 5 + 3,345

Total bought outright (5) 610,231 - 129 + 66,041

Held under repurchase agreements 0 0 0

Total U.S. government securities 610,231 - 129 + 66,041

Total loans and securities 617,848 - 6,432 + 43,496

Items in process of collection (1,092) 7,839 - 8,256 + 130

Bank premises 1,528 + 2 + 14

Other assets (6) 37,513 + 375 + 753

 TOTAL ASSETS (1,092) 679,040 - 14,295 + 44,346

LIABILITIES

Federal Reserve notes 630,417 - 1,716 + 46,484

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 15,927 - 9,543 - 5,201

U.S. Treasury—general account 5,713 + 1,121 + 1,416

Foreign—official accounts 128 + 53 - 154

Other ( - 2 ) 205 - 10 - 46

Total deposits ( - 2 ) 21,973 - 8,380 - 3,985

Deferred availability cash items (1,094) 7,278 - 4,289 + 73

Other liabilities and accrued dividends (7) 2,424 + 31 - 403

TOTAL LIABILITIES (1,092) 662,092 - 14,353 + 42,169

CAPITAL ACCOUNTS

Capital paid in 8,275 + 5 + 1,000

Surplus 7,312 0 + 577

Other capital accounts 1,362 + 53 + 602

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Oct 24, 2001

Eliminations from

Consolidation Wednesday

Oct 23, 2002

Wednesday

Oct 16, 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 $ 676 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 $ 529 million of compensation

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

5 Net of $ 18,215 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,368 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, October 23, 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 $ 1,205 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 103 25,974 + 983 0 0 5,500 0

16 days to 90 days 4 129,987 - 402 0 0 2,000 0

91 days to 1 year 0 144,194 - 721 0 0 ——— ———

 Over 1 year to 5 years ——— 176,889 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 51,453 + 5 0 0 ——— ———

Over 10 years ——— 81,734 + 4 0 0 ——— ———

Total 107 610,231 - 129 10 0 7,500 0
 533

 115 48 0 0 0 1 0 11,930 16,954 6,080 34,963 0 34,963 34,964 461 91 1,966 - 7,167 31,011

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on October 23, 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 $ 676 million of compensation that adjusts for the eff

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 529 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 18,215 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,368 

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.

 11,038 2,200 1,074 107 0 7,500 10 0 208,217 295,901 106,113 610,231 0 610,231 617,848 8,931 1,528 37,513 0 680,132

 4,363 874 53 0 0 7,500 4 0 81,925 116,425 41,751 240,102 0 240,102 247,606 796 183 13,238 +36,267 303,379

 430 83 53 4 0 0 0 0 8,007 11,378 4,080 23,465 0 23,465 23,469 439 49 1,205 - 6,248 19,480

 522 104 52 0 0 0 1 0 11,488 16,326 5,855 33,669 0 33,669 33,670 372 153 2,504 - 6,638 30,738

 819 147 142 0 0 0 1 0 16,239 23,078 8,276 47,594 0 47,594 47,594 636 130 5,425 - 1,408 53,485

 926 166 133 8 0 0 1 0 14,826 21,069 7,556 43,451 0 43,451 43,460 675 279 2,520 - 3,693 44,466

 1,080 212 136 12 0 0 1 0 24,503 34,822 12,487 71,812 0 71,812 71,825 668 115 3,872 -13,830 64,077

 346 71 65 20 0 0 0 0 7,404 10,522 3,773 21,698 0 21,698 21,719 369 43 999 - 3,037 20,576

 1        3,2 4,6 1,6 9,5  9,5 9,5 9 1 6 + 3,7 15,1
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on October 23, 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.

 630,417 0 15,927 5,713 128 203 21,971 8,372 2,424 663,184 8,275 7,312 1,362 680,132 750,811 120,394 630,417 11,038 2,200 0 617,179 630,417

 28,464 0 945 0 2 6 952 559 150 30,125 432 418 36 31,011 33,826 5,362 28,464

 288,721 0 3,395 5,713 104 134 9,347 849 749 299,667 1,769 1,504 439 303,379 321,006 32,285 288,721

 17,698 0 700 0 1 0 701 484 108 18,990 237 221 31 19,480 26,234 8,536 17,698

 27,835 0 1,010 0 3 1 1,014 344 140 29,333 692 665 47 30,738 32,543 4,708 27,835

 45,860 0 2,534 0 7 54 2,595 621 247 49,322 2,069 1,757 336 53,485 55,583 9,723 45,860

 41,161 0 1,226 0 2 1 1,229 837 198 43,425 478 535 28 44,466 57,801 16,640 41,161

 59,125 0 2,216 0 3 4 2,223 730 256 62,334 847 793 103 64,077 66,872 7,748 59,125

 19,217 0 548 0 1 3 551 287 106 20,161 199 149 66 20,576 22,613 3,396 19,217

 13,5  4    4 5  14,6 3 1 1 15,1 15,3 1,7 13,5