Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 691,408 - 3,074 + 63,591 691,740

Securities held outright 629,951 + 536 + 67,295 630,957

U.S. Treasury1 629,941 + 536 + 67,295 630,947

Bills2 226,941 + 259 + 38,651 227,238

Notes and bonds, nominal2 389,504 + 285 + 26,261 390,217

Notes and bonds, inflation-indexed2 12,242 0 + 2,056 12,242

Inflation compensation3 1,253 - 8 + 325 1,250

Federal agency2 10 0 0 10

Repurchase agreements4 19,285 - 5,108 - 7,179 20,746

Loans to depository institutions 31 + 16 - 24 4

Primary credit 28 + 17 + 28 0

Secondary credit 0 0 0 0

Seasonal credit 3 - 1 - 21 4

Adjustment credit 0 0 - 31 0

Float 1,708 + 1,123 + 1,699 -507

Other Federal Reserve assets 40,434 + 360 + 1,801 40,539

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,612 + 14 + 1,122 34,612

Total factors supplying reserve funds 739,263 - 3,059 + 64,711 739,594

Currency in circulation5 678,441 + 2,663 + 43,424 681,197

Reverse repurchase agreements6 18,949 + 466 + 18,949 17,604

Foreign official and international accounts 17,878 - 605 + 17,878 17,604

Dealers 1,071 + 1,071 + 1,071 0

Treasury cash holdings 356 - 4 - 52 360

Deposits with F.R. Banks, other than reserve balances 15,954 - 502 + 1,067 14,777

U.S. Treasury, general account 4,681 - 711 - 295 3,527

Foreign official 115 + 7 - 199 103

Service-related 10,918 + 194 + 1,542 10,918

Required clearing balances 10,317 - 39 + 1,503 10,317

Adjustments to compensate for float 601 + 233 + 39 601

Other 239 + 7 + 17 228

Other liabilities and capital 19,450 - 63 + 1,735 19,265

Total factors, other than reserve balances,

absorbing reserve funds 733,150 + 2,560 + 65,123 733,202

Reserve balances with Federal Reserve Banks 6,113 - 5,619 - 412 6,392

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 869,911 + 4,545 . . . 872,033

U.S. Treasury 697,819 + 1,819 . . . 698,215

Federal agency 172,092 + 2,725 . . . 173,818

Securities lent to dealers 987 + 579 - 668 1,513

FEDERAL RESERVE statistical release

 February 13, 2003

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

. . . Not available.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Estimated.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Feb 12, 2003 Week ended

 Feb 12, 2003 Feb 5, 2003 Feb 13, 2002
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Assets

Gold certificate account 11,039 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,142 + 8 - 27

Securities, repurchase agreements, and loans 651,707 - 5,470 + 61,859

Securities held outright 630,957 + 1,546 + 66,630

U.S. Treasury1 630,947 + 1,546 + 66,630

Bills2 227,238 + 556 + 38,108

Notes and bonds, nominal2 390,217 + 998 + 26,139

Notes and bonds, inflation-indexed2 12,242 0 + 2,056

Inflation compensation3 1,250 - 7 + 327

Federal agency2 10 0 0

Repurchase agreements4 20,746 - 7,004 - 4,754

Loans 4 - 11 - 17

Items in process of collection (1,265) 7,829 - 1,130 + 795

Bank premises 1,541 + 2 + 30

Other assets5 38,833 + 222 + 1,473

Total assets (1,265) 714,292 - 6,367 + 64,125

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 648,083 + 3,203 + 42,590

Reverse repurchase agreements6 17,604 - 382 + 17,604

Deposits ( 0 ) 21,565 - 8,249 + 1,885

Depository institutions 17,707 - 6,049 + 2,703

U.S. Treasury, general account 3,527 - 2,137 - 581

Foreign official 103 - 45 - 253

Other ( 0 ) 228 - 18 + 16

Deferred availability cash items (1,265) 7,775 - 929 + 383

Other liabilities and accrued dividends7 2,277 + 46 - 61

Total liabilities (1,265) 697,304 - 6,312 + 62,401

Capital accounts

Capital paid in 8,404 0 + 962

Surplus 8,357 - 23 + 1,087

Other capital accounts 227 - 33 - 325

Total capital 16,988 - 55 + 1,724

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 13, 2002

Eliminations from

consolidation Wednesday

 Feb 12, 2003

Wednesday

 Feb 5, 2003

3. Maturity Distribution of Loans and Securities, February 12, 2003

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original

face value of such securities.

2. Cash value of agreements classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 0 44,507 - 1,474 0 0 15,746 17,604

16 days to 90 days 4 136,637 + 1,970 0 0 5,000 0

91 days to 1 year 0 142,780 + 537 10 0 . . . . . . 

Over 1 year to 5 years . . . 175,832 + 398 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,356 + 117 0 0 . . . . . . 

Over 10 years . . . 79,834 - 3 0 0 . . . . . . 

All 4 630,947 + 1,546 10 0 20,746 17,604

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 12, 2003Millions of dollars

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

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

Note: Components may not sum to totals because of rounding.1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such sec

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

 11,039 2,200 1,142 651,707 630,957 630,947 227,238 403,709 10 20,746 4 9,095 1,541 38,833 0 715,557

Assets, liabilities, and capital

 4,364 874 40 269,003 248,257 248,253 89,409 158,844 4 20,746 0 874 186 13,653 +39,060 328,052

 533 115 55 36,151 36,150 36,150 13,020 23,130 1 0 0 462 92 1,958 - 8,012 31,353

 430 83 70 24,262 24,262 24,262 8,738 15,524 0 0 0 459 50 1,213 - 7,179 19,388

 522 104 53 34,813 34,813 34,812 12,538 22,275 1 0 0 626 152 2,509 - 6,803 31,976

 819 147 164 49,210 49,210 49,209 17,723 31,486 1 0 0 611 129 5,873 - 3,526 53,427

 926 166 125 44,927 44,927 44,926 16,180 28,746 1 0 0 871 279 2,355 - 4,923 44,726

 1,080 212 150 74,251 74,251 74,250 26,741 47,509 1 0 0 934 116 3,925 -17,397 63,271

 346 71 65 22,436 22,435 22,435 8,080 14,355 0 0 0 362 44 1,092 - 3,934 20,482

 1   9,8 9,8 9,8 3,5 6,3    2 1 1,0 + 3,6 15,1
 648,083

 648,083 11,039 2,200 634,094 751 651,703 17,610 634,094

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

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

 761,536 113,453 648,083 17,604 21,565 17,707 3,527 103 228 9,040 2,277 698,569 8,404 8,357 227 715,557

 32,798 4,962 27,836 1,009 783 780 0 2 1 701 138 30,466 437 436 13 31,353

 334,391 27,414 306,977 6,926 8,673 4,924 3,527 79 142 1,051 686 324,313 1,809 1,809 121 328,052

 25,040 8,003 17,036 677 548 547 0 1 0 546 102 18,909 234 233 12 19,388

 32,296 4,795 27,501 971 1,443 1,439 0 3 1 512 127 30,555 708 702 11 31,976

 53,935 8,753 45,183 1,373 1,878 1,792 0 7 79 606 256 49,295 2,080 2,052 0 53,427

 58,144 18,071 40,073 1,253 1,359 1,357 0 2 0 890 183 43,760 475 475 16 44,726

 63,521 7,938 55,583 2,072 2,965 2,961 0 3 1 665 241 61,526 861 858 27 63,271

 21,878 3,270 18,608 626 445 444 0 1 1 291 102 20,073 200 199 10 20,482

 14,9 1,8 13,1 2 4 4    5  14,5 3 3  15,1

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 12, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes, net of F.R. Bank holdingsCollateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other eligible assets

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Feb 12, 2003

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury and agency securities held outright,

compensation to adjust for the effect of inflation on the original face value ofinflation-indexed securities, and cash value of repurchase agreements.