Reserve Bank Credit 657,922 - 288 - 13,692 660,988

U.S. government securities (1)

Bought outright-system account (2,3) 605,114 + 1,022 + 81,755 606,272

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) 15,500 - 1,357 - 59,796 16,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 7 + 6 - 1,495 0

Seasonal credit 162 - 2 + 67 167

Extended credit 0 0 0 0

Float -750 - 120 - 28,002 -360

Other F.R. assets 37,880 + 163 - 6,221 38,148

Gold stock 11,042 0 - 1 11,042

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

Treasury currency outstanding 34,093 + 14 + 1,136 34,093

Total factors supplying reserve funds 705,258 - 274 - 12,556 708,324

Currency in circulation* 660,965 - 2,411 + 45,646 661,421

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

Treasury cash holdings* 364 + 3 - 62 370

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

Treasury 5,773 + 764 - 518 7,175

Foreign 106 - 24 - 51 139

Service-related balances and adjustments (5) 10,117 - 61 + 2,410 10,117

Other 218 - 5 - 164 215

Other F.R. liabilities and capital 19,174 - 263 - 1,486 19,260

Total factors, other than reserve balances,

absorbing reserve funds 696,716 - 1,998 + 45,774 698,697

Reserve balances with F.R. Banks (6) 8,541 + 1,724 - 58,332 9,627

FEDERAL RESERVE

 September 19, 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 September 18, 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 $ 808,725 million, a change of $ - 230 million for the week. The total includes

$ 653,134 million of U.S. government securities and $ 155,591 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 $ 21,992 million (daily average over statement week) and $ 21,936 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 21,992 million (daily average) and $ 21,936 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 395 million (daily average)

and $ 135 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 $ 1,167 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 $ 9,941 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

Sep 18, 2002 Week ended

Sep 18, 2002 Sep 11, 2002 Sep 19, 2001
ASSETS

Gold certificate account 11,038 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,052 + 24 - 50

Loans 168 + 6 - 2,505

Acceptances 0 0 0

Repurchase agreements — triparty (1) 16,750 - 1,250 - 22,850

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 204,297 + 411 + 36,715

Notes (3) 295,879 + 1,236 + 38,843

Bonds (4) 106,097 + 106 + 4,092

Total bought outright (5) 606,272 + 1,752 + 79,648

Held under repurchase agreements 0 0 0

Total U.S. government securities 606,272 + 1,752 + 79,648

Total loans and securities 623,200 + 508 + 54,293

Items in process of collection (1,236) 7,351 + 93 - 5,082

Bank premises 1,523 + 3 + 13

Other assets (6) 36,676 + 472 + 681

 TOTAL ASSETS (1,236) 683,040 + 1,100 + 49,850

LIABILITIES

Federal Reserve notes 628,745 - 2,216 + 44,735

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 20,049 + 437 + 4,908

U.S. Treasury—general account 7,175 + 2,659 + 1,762

Foreign—official accounts 139 + 64 - 119

Other ( 0 ) 215 0 - 73

Total deposits ( 0 ) 27,578 + 3,159 + 6,477

Deferred availability cash items (1,236) 7,456 - 85 - 552

Other liabilities and accrued dividends (7) 2,392 - 33 - 2,183

TOTAL LIABILITIES (1,236) 666,172 + 825 + 48,478

CAPITAL ACCOUNTS

Capital paid in 8,252 - 1 + 1,050

Surplus 7,312 0 + 548

Other capital accounts 1,304 + 276 - 226

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 19, 2001

Eliminations from

Consolidation Wednesday

Sep 18, 2002

Wednesday

Sep 11, 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 $ 653 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 $ 513 million of compensation

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

5 Net of $ 21,936 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 135 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, September 18, 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 $ 1,167 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 157 26,020 + 7,849 0 0 13,750 0

16 days to 90 days 11 123,579 - 5,940 0 0 3,000 0

91 days to 1 year 0 147,865 - 211 0 0 ——— ———

 Over 1 year to 5 years ——— 175,654 0 10 0 ——— ———

 Over 5 years to 10 years ——— 51,436 + 53 0 0 ——— ———

Over 10 years ——— 81,718 + 1 0 0 ——— ———

Total 168 606,272 + 1,752 10 0 16,750 0
 533

 115 43 0 0 0 1 0 11,705 16,952 6,079 34,736 0 34,736 34,737 462 91 1,906 - 5,274 32,613

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on September 18, 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 $ 653 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 $ 513 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 21,936 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 135 

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 1,052 168 0 16,750 10 0 204,297 295,879 106,097 606,272 0 606,272 623,200 8,587 1,523 36,676 0 684,276

 4,363 874 49 0 0 16,750 4 0 80,383 116,417 41,745 238,544 0 238,544 255,298 904 183 12,825 +24,799 299,295

 430 83 49 0 0 0 0 0 7,856 11,377 4,080 23,313 0 23,313 23,313 447 49 1,233 - 5,187 20,417

 522 104 56 0 0 0 1 0 11,272 16,325 5,854 33,451 0 33,451 33,452 409 153 2,457 - 4,879 32,272

 819 147 140 0 0 0 1 0 15,934 23,076 8,275 47,285 0 47,285 47,286 549 130 5,366 - 366 54,069

 926 166 137 8 0 0 1 0 14,547 21,068 7,555 43,169 0 43,169 43,178 817 279 2,450 - 2,611 45,341

 1,080 212 136 28 0 0 1 0 24,042 34,819 12,485 71,346 0 71,346 71,376 623 112 3,760 -11,355 65,943

 346 71 61 30 0 0 0 0 7,264 10,521 3,773 21,558 0 21,558 21,588 394 43 960 - 2,780 20,682

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

Statement of Condition of Each Federal Reserve Bank on September 18, 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.

 628,745 0 20,049 7,175 139 215 27,578 8,692 2,392 667,408 8,252 7,312 1,304 684,276 749,620 120,875 628,745 11,038 2,200 0 615,508 628,745

 28,540 0 2,483 0 2 8 2,493 546 144 31,724 432 418 39 32,613 33,992 5,452 28,540

 282,436 0 4,202 7,175 115 107 11,600 796 741 295,574 1,769 1,504 449 299,295 316,580 34,144 282,436

 18,755 0 581 0 1 0 582 480 108 19,924 238 221 34 20,417 26,460 7,705 18,755

 28,252 0 2,019 0 3 2 2,024 460 137 30,872 692 665 43 32,272 32,736 4,484 28,252

 46,362 0 2,584 0 7 38 2,630 721 237 49,949 2,067 1,757 296 54,069 56,051 9,689 46,362

 41,817 0 1,484 0 2 0 1,487 802 199 44,306 473 535 28 45,341 58,632 16,815 41,817

 60,866 0 2,420 0 3 1 2,424 671 255 64,217 837 793 97 65,943 67,873 7,006 60,866

 19,374 0 506 0 1 3 510 274 105 20,263 199 149 71 20,682 22,875 3,501 19,374

 13,5  3    4 5  14,6 3 1 1 15,2 15,4 1,8 13,5