Reserve Bank Credit 655,650 - 2,985 + 55,075 657,499

U.S. government securities (1)

Bought outright-system account (2,3) 603,770 + 1,631 + 61,896 604,401

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) 13,464 - 6,036 - 9,041 16,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 783 + 781 + 746 0

Seasonal credit 198 + 7 + 59 189

Extended credit 0 0 0 0

Float -21 + 284 + 78 -879

Other F.R. assets 37,447 + 349 + 1,337 37,778

Gold stock 11,042 0 - 2 11,042

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

Treasury currency outstanding 34,107 + 14 + 1,196 34,107

Total factors supplying reserve funds 702,999 - 2,972 + 56,269 704,848

Currency in circulation* 659,928 - 420 + 51,351 662,461

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

Treasury cash holdings* 369 - 2 - 41 361

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

Treasury 6,013 + 1,626 + 1,012 5,091

Foreign 78 - 51 - 28 77

Service-related balances and adjustments (5) 10,144 - 16 + 2,426 10,144

Other 203 - 8 - 88 199

Other F.R. liabilities and capital 19,294 - 407 + 1,177 19,365

Total factors, other than reserve balances,

absorbing reserve funds 696,029 + 721 + 55,809 697,699

Reserve balances with F.R. Banks (6) 6,970 - 3,693 + 460 7,150

FEDERAL RESERVE

 August 29, 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 August 28, 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 $ 801,734 million, a change of $ - 3,654 million for the week. The total includes

$ 647,429 million of U.S. government securities and $ 154,305 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 $ 21,966 million (daily average over statement week) and $ 21,834 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 21,966 million (daily average) and $ 21,834 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 421 million (daily average)

and $ 0 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 $ 1,157 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 $ 9,922 million and adjustments of $ 222 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

Aug 28, 2002 Week ended

Aug 28, 2002 Aug 21, 2002 Aug 29, 2001
ASSETS

Gold certificate account 11,038 0 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,021 + 4 - 85

Loans 189 - 15 - 85

Acceptances 0 0 0

Repurchase agreements — triparty (1) 16,000 - 9,250 - 8,755

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 203,772 + 633 + 19,062

Notes (3) 294,640 + 726 + 37,541

Bonds (4) 105,989 + 123 + 4,925

Total bought outright (5) 604,401 + 1,482 + 61,528

Held under repurchase agreements 0 0 0

Total U.S. government securities 604,401 + 1,482 + 61,528

Total loans and securities 620,600 - 7,783 + 52,689

Items in process of collection (1,231) 6,626 - 365 + 7

Bank premises 1,522 0 + 10

Other assets (6) 36,256 + 519 + 1,487

 TOTAL ASSETS (1,231) 679,263 - 7,625 + 54,103

LIABILITIES

Federal Reserve notes 629,732 + 1,545 + 49,883

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 17,849 - 9,424 + 2,323

U.S. Treasury—general account 5,091 + 462 + 416

Foreign—official accounts 77 - 12 - 74

Other ( 0 ) 199 - 3 - 83

Total deposits ( 0 ) 23,216 - 8,977 + 2,582

Deferred availability cash items (1,231) 6,950 - 352 + 121

Other liabilities and accrued dividends (7) 2,392 + 4 - 663

TOTAL LIABILITIES (1,231) 662,290 - 7,781 + 51,923

CAPITAL ACCOUNTS

Capital paid in 8,248 - 55 + 1,058

Surplus 7,312 0 + 565

Other capital accounts 1,413 + 210 + 558

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Aug 29, 2001

Eliminations from

Consolidation Wednesday

Aug 28, 2002

Wednesday

Aug 21, 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 $ 648 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 $ 509 million of compensation

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

5 Net of $ 21,834 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, August 28, 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 $ 1,157 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 178 25,257 + 531 0 0 14,000 0

16 days to 90 days 11 123,556 + 960 0 0 2,000 0

91 days to 1 year 0 149,625 - 858 0 0 ——— ———

 Over 1 year to 5 years ——— 172,868 + 725 10 0 ——— ———

 Over 5 years to 10 years ——— 51,380 + 122 0 0 ——— ———

Over 10 years ——— 81,715 + 1 0 0 ——— ———

Total 189 604,401 + 1,482 10 0 16,000 0
 533

 115 41 0 0 0 1 0 11,675 16,881 6,073 34,629 0 34,629 34,629 452 91 1,892 - 6,111 31,643

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on August 28, 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 $ 648 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 $ 509 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 21,834 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.

 11,038 2,200 1,021 189 0 16,000 10 0 203,772 294,640 105,989 604,401 0 604,401 620,600 7,857 1,522 36,256 0 680,494

 4,363 874 47 0 0 16,000 4 0 80,176 115,929 41,702 237,808 0 237,808 253,812 854 183 12,642 +21,789 294,564

 430 83 47 0 0 0 0 0 7,836 11,330 4,076 23,241 0 23,241 23,241 351 49 1,153 - 4,042 21,311

 522 104 53 0 0 0 1 0 11,243 16,257 5,848 33,348 0 33,348 33,348 279 152 2,452 - 6,211 30,699

 819 147 128 0 0 0 1 0 15,893 22,980 8,266 47,139 0 47,139 47,140 533 130 5,367 - 369 53,894

 926 166 136 8 0 0 1 0 14,509 20,980 7,547 43,036 0 43,036 43,044 685 279 2,432 - 1,354 46,315

 1,080 212 133 42 0 0 1 0 23,980 34,673 12,473 71,126 0 71,126 71,169 772 111 3,722 - 9,075 68,123

 346 71 62 33 0 0 0 0 7,246 10,477 3,769 21,491 0 21,491 21,525 374 43 950 - 2,476 20,893

 1        3,1 4,6 1,6 9,4  9,4 9,5 5 1 6 + 4,0 15,1
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on August 28, 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.

 629,732 0 17,849 5,091 77 199 23,216 8,181 2,392 663,521 8,248 7,312 1,413 680,494 747,489 117,757 629,732 11,038 2,200 0 616,494 629,732

 29,354 0 698 0 2 13 712 541 146 30,753 432 418 40 31,643 34,348 4,995 29,354

 278,985 0 4,929 5,091 53 135 10,208 805 747 290,746 1,770 1,504 544 294,564 312,867 33,882 278,985

 19,298 0 879 0 1 1 881 534 106 20,819 237 221 34 21,311 26,507 7,209 19,298

 28,122 0 719 0 3 1 723 313 137 29,296 688 665 51 30,699 32,665 4,543 28,122

 46,157 0 2,522 0 7 42 2,571 781 232 49,741 2,066 1,757 329 53,894 55,778 9,621 46,157

 43,116 0 1,237 0 2 3 1,242 719 198 45,275 473 535 33 46,315 58,926 15,811 43,116

 62,472 0 2,996 0 3 0 2,999 682 258 66,411 836 793 82 68,123 68,702 6,229 62,472

 19,652 0 466 0 1 1 468 250 107 20,477 201 149 66 20,893 23,037 3,385 19,652

 13,5  3    3 5  14,5 3 1 1 15,1 15,5 1,9 13,5