Reserve Bank Credit 634,224 - 2,009 + 59,118 633,320

U.S. government securities (1)

Bought outright-system account (2,3) 571,914 + 3,404 + 49,109 572,728

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) 25,043 - 7,349 + 8,330 24,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 3 - 10 - 11 0

Seasonal credit 20 + 6 0 22

Extended credit 0 0 0 0

Float 713 + 1,089 + 368 -116

Other F.R. assets 36,521 + 850 + 1,322 36,676

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,335 + 14 + 1,170 33,335

Total factors supplying reserve funds 680,804 - 1,995 + 60,288 679,900

Currency in circulation* 639,381 + 1,066 + 54,311 640,390

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

Treasury cash holdings* 421 + 6 - 83 430

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

Treasury 4,801 - 672 - 92 4,997

Foreign 124 0 + 45 316

Service-related balances and adjustments (5) 9,479 + 431 + 2,370 9,479

Other 229 - 19 - 34 205

Other F.R. liabilities and capital 18,596 + 589 + 253 18,114

Total factors, other than reserve balances,

absorbing reserve funds 673,031 + 1,402 + 56,770 673,930

Reserve balances with F.R. Banks (6) 7,773 - 3,397 + 3,517 5,969

FEDERAL RESERVE

 March 14, 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 13, 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 $ 745,301 million, a change of $ - 1,735 million for the week. The total includes

$ 604,387 million of U.S. government securities and $ 140,914 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 $ 18,288 million (daily average over statement week) and $ 18,543 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,288 million (daily average) and $ 18,543 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,132 million (daily average)

and $ 250 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 $ 937 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 $ 8,930 million and adjustments of $ 549 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 13, 2002 Week ended

Mar 13, 2002 Mar 6, 2002 Mar 14, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,094 - 17 - 32

Loans 22 - 6 - 90

Acceptances 0 0 0

Repurchase agreements — triparty (1) 24,000 - 11,249 + 6,505

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 191,062 + 91 + 6,535

Notes (3) 277,510 + 2,529 + 34,462

Bonds (4) 104,156 + 18 + 8,324

Total bought outright (5) 572,728 + 2,637 + 49,321

Held under repurchase agreements 0 0 0

Total U.S. government securities 572,728 + 2,637 + 49,321

Total loans and securities 596,761 - 8,617 + 55,737

Items in process of collection (1,110) 7,506 - 1,120 - 17

Bank premises 1,510 + 1 + 33

Other assets (6) 35,167 + 556 + 1,098

 TOTAL ASSETS (1,110) 655,281 - 9,199 + 56,817

LIABILITIES

Federal Reserve notes 608,578 + 217 + 52,847

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 15,301 - 8,536 + 3,337

U.S. Treasury—general account 4,997 - 413 + 433

Foreign—official accounts 316 + 241 + 243

Other ( - 3 ) 205 - 36 - 42

Total deposits ( - 3 ) 20,819 - 8,743 + 3,971

Deferred availability cash items (1,112) 7,770 - 535 - 39

Other liabilities and accrued dividends (7) 2,417 + 44 - 1,508

TOTAL LIABILITIES (1,110) 639,584 - 9,017 + 55,271

CAPITAL ACCOUNTS

Capital paid in 7,650 + 14 + 627

Surplus 7,274 + 1 + 852

Other capital accounts 772 - 198 + 67

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Mar 14, 2001

Eliminations from

Consolidation Wednesday

Mar 13, 2002

Wednesday

 Mar 6, 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 $ 536 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 $ 401 million of compensation

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

5 Net of $ 18,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 250 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 13, 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 $ 937 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 7 17,402 + 549 0 0 18,000 0

16 days to 90 days 16 130,581 + 1,052 0 0 6,000 0

91 days to 1 year 0 133,362 - 54 0 0 ——— ———

 Over 1 year to 5 years ——— 158,466 + 1,087 10 0 ——— ———

 Over 5 years to 10 years ——— 51,955 + 2 0 0 ——— ———

Over 10 years ——— 80,962 + 2 0 0 ——— ———

Total 22 572,728 + 2,637 10 0 24,000 0
 546

 115 65 1 0 0 1 0 11,479 16,673 6,258 34,411 0 34,411 34,412 482 92 1,882 - 4,527 33,067

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on March 13, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

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 securities.2 Face value of the securities.3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 536 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 $ 401 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,543 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 250 million that are fully

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 1,094 22 0 24,000 10 0 191,062 277,510 104,156 572,728 0 572,728 596,761 8,616 1,510 35,167 0 656,391

 4,450 874 56 0 0 24,000 4 0 78,265 113,677 42,666 234,609 0 234,609 258,613 800 178 12,679 -12,349 265,301

 454 83 60 0 0 0 0 0 7,848 11,398 4,278 23,524 0 23,524 23,525 451 49 1,248 - 2,998 22,871

 538 104 63 0 0 0 1 0 11,186 16,247 6,098 33,530 0 33,530 33,531 304 151 2,396 - 4,116 32,970

 741 147 167 0 0 0 1 0 11,414 16,579 6,222 34,215 0 34,215 34,216 557 131 4,713 +13,125 53,797

 871 166 100 0 0 0 1 0 13,138 19,082 7,162 39,383 0 39,383 39,383 687 280 2,326 + 2,750 46,563

 1,028 212 132 4 0 0 1 0 21,639 31,430 11,796 64,866 0 64,866 64,871 615 107 3,555 + 1,399 71,918

 343 71 58 0 0 0 0 0 6,886 10,002 3,754 20,643 0 20,643 20,643 383 43 943 - 246 22,238

 143 30 38 11 0 0 0 0 596 866 325 1,787 0 1,787 1,798 753 123 388 +12,207 15,480

 317 66 81 3 0 0 0 0 5,897 8,565 3,215 17,677 0 17,677 17,680 499 49 949 - 820 18,821

 477 98 133 0 0 0 0 0 3,464 5,031 1,888 10,383 0 10,383 10,383 632 137 711 + 8,606 21,176

 1,136 234 142 4 0 0 1 0 19,249 27,959 10,493 57,701 0 57,701 57,706 2,453 171 3,376 -13,031 52,188
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on March 13, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

 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 agreements under triparty

arrangements and excludes the par value of securities pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.

 608,578 0 15,301 4,997 316 202 20,816 8,883 2,417 640,694 7,650 7,274 772 656,391 750,373 141,795 608,578 11,044 2,200 0 595,334 608,578

 30,679 0 719 0 2 8 729 619 150 32,176 429 418 42 33,067 35,498 4,819 30,679

 250,902 0 3,588 4,997 292 134 9,011 1,057 763 261,732 1,673 1,504 391 265,301 295,343 44,441 250,902

 20,708 0 1,079 0 1 0 1,080 507 112 22,407 221 221 22 22,871 27,829 7,121 20,708

 30,122 0 919 0 3 1 923 378 146 31,570 683 665 53 32,970 34,390 4,269 30,122

 46,602 0 2,676 0 7 45 2,728 665 219 50,215 1,775 1,757 50 53,797 56,337 9,735 46,602

 43,479 0 938 0 2 0 940 925 202 45,547 447 535 34 46,563 62,860 19,381 43,479

 67,633 0 1,744 0 3 1 1,749 623 254 70,259 800 793 66 71,918 74,742 7,109 67,633

 21,093 0 475 0 1 3 478 243 107 21,920 150 149 19 22,238 24,192 3,100 21,093

 13,970 0 488 0 1 0 489 571 63 15,093 306 81 0 15,480 16,117 2,147 13,970

 17,296 0 585 0 1 7 592 431 99 18,418 194 191 19 18,821 21,591 4,295 17,296

 19,815 0 561 0 1 2 563 366 91 20,835 166 164 11 21,176 33,828 14,013 19,815

 46,279 0 1,530 0 3 1 1,534 2,497 212 50,522 805 796 65 52,188 67,646 21,366 46,279