Reserve Bank Credit 650,293 - 1,017 + 65,114 661,254

U.S. government securities (1)

Bought outright-system account (2,3) 589,060 + 1,657 + 57,955 589,396

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) 23,936 - 2,993 + 6,293 34,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 5 + 5 - 263 2

Seasonal credit 106 - 14 0 105

Extended credit 0 0 0 0

Float -221 - 179 - 676 -303

Other F.R. assets 37,398 + 508 + 1,806 37,544

Gold stock 11,044 0 - 1 11,044

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

Treasury currency outstanding 33,745 + 14 + 1,152 33,745

Total factors supplying reserve funds 697,281 - 1,003 + 66,264 708,243

Currency in circulation* 654,240 - 60 + 59,962 655,857

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

Treasury cash holdings* 411 - 4 - 70 408

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

Treasury 5,289 - 49 + 411 4,727

Foreign 85 - 15 0 109

Service-related balances and adjustments (5) 10,004 + 205 + 2,996 10,004

Other 238 + 12 - 73 243

Other F.R. liabilities and capital 19,749 + 170 + 1,619 19,529

Total factors, other than reserve balances,

absorbing reserve funds 690,016 + 258 + 64,845 690,878

Reserve balances with F.R. Banks (6) 7,265 - 1,261 + 1,419 17,365

FEDERAL RESERVE

 June 13, 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 June 12, 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 $ 770,502 million, a change of $ - 2,646 million for the week. The total includes

$ 620,646 million of U.S. government securities and $ 149,856 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 $ 21,856 million (daily average over statement week) and $ 21,780 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 21,856 million (daily average) and $ 21,780 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 262 million (daily average)

and $ 125 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,171 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 $ 9,810 million and adjustments of $ 194 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

Jun 12, 2002 Week ended

Jun 12, 2002 Jun 5, 2002 Jun 13, 2001
ASSETS

Gold certificate account 11,044 0 0

Special drawing rights certificate account 2,200 0 0

Coin 932 + 3 - 173

Loans 107 - 2 - 32

Acceptances 0 0 0

Repurchase agreements — triparty (1) 34,500 + 11,750 + 14,000

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 195,389 + 1,017 + 14,161

Notes (3) 288,585 + 9 + 37,160

Bonds (4) 105,422 + 7 + 6,201

Total bought outright (5) 589,396 + 1,033 + 57,522

Held under repurchase agreements 0 0 0

Total U.S. government securities 589,396 + 1,033 + 57,522

Total loans and securities 624,014 + 12,783 + 71,491

Items in process of collection (1,070) 7,740 - 1,217 - 1,047

Bank premises 1,516 + 2 + 9

Other assets (6) 36,030 + 481 + 1,889

 TOTAL ASSETS (1,070) 683,476 + 12,052 + 72,169

LIABILITIES

Federal Reserve notes 623,453 + 626 + 59,091

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 27,930 + 13,376 + 11,336

U.S. Treasury—general account 4,727 - 1,049 - 2

Foreign—official accounts 109 + 13 + 27

Other ( 0 ) 243 - 8 - 45

Total deposits ( 0 ) 33,009 + 12,332 + 11,316

Deferred availability cash items (1,070) 7,485 - 985 0

Other liabilities and accrued dividends (7) 2,563 + 55 - 826

TOTAL LIABILITIES (1,070) 666,510 + 12,028 + 69,581

CAPITAL ACCOUNTS

Capital paid in 8,294 + 12 + 1,230

Surplus 7,312 0 + 695

Other capital accounts 1,360 + 11 + 664

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jun 13, 2001

Eliminations from

Consolidation Wednesday

Jun 12, 2002

Wednesday

 Jun 5, 2002

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 689 million of compensation

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

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 481 million of compensation

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

5 Net of $ 21,780 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 125 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, June 12, 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 $ 11,602 million of inflation-indexed securities valued at the original face amount and $ 1,171 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 26 17,505 - 92 0 0 30,500 0

16 days to 90 days 81 137,822 + 79 0 0 4,000 0

91 days to 1 year 0 132,570 + 1,031 0 0 ——— ———

 Over 1 year to 5 years ——— 167,483 + 2 10 0 ——— ———

 Over 5 years to 10 years ——— 52,473 + 6 0 0 ——— ———

Over 10 years ——— 81,543 + 7 0 0 ——— ———

Total 107 589,396 + 1,033 10 0 34,500 0
 533

 115 45 0 0 0 1 0 11,195 16,534 6,040 33,769 0 33,769 33,770 541 92 1,875 - 2,257 34,714

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on June 12, 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 689 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 481 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 21,780 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 125 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 2,200 932 107 0 34,500 10 0 195,389 288,585 105,422 589,396 0 589,396 624,014 8,810 1,516 36,030 0 684,546

 4,369 874 47 0 0 34,500 4 0 76,878 113,547 41,479 231,905 0 231,905 266,408 713 181 12,614 - 268 284,938

 430 83 45 0 0 0 0 0 7,513 11,097 4,054 22,664 0 22,664 22,664 384 49 1,250 - 2,841 22,064

 522 104 46 0 0 0 1 0 10,781 15,923 5,817 32,520 0 32,520 32,520 397 152 2,405 - 3,023 33,123

 819 147 124 0 0 0 1 0 15,239 22,508 8,222 45,969 0 45,969 45,969 611 130 5,214 + 2,243 55,257

 926 166 100 2 0 0 1 0 13,912 20,548 7,506 41,967 0 41,967 41,970 764 280 2,420 + 1,547 48,173

 1,080 212 121 33 0 0 1 0 22,993 33,961 12,406 69,360 0 69,360 69,395 505 109 3,749 - 3,652 71,519

 346 71 57 17 0 0 0 0 6,948 10,261 3,749 20,958 0 20,958 20,975 457 43 947 - 1,534 21,361

 179 30 36 36 0 0 0 0 3,054 4,511 1,648 9,214 0 9,214 9,250 630 124 614 + 4,854 15,717

 309 66 68 13 0 0 0 0 5,776 8,531 3,116 17,423 0 17,423 17,436 622 49 948 - 339 19,160

 485 98 123 2 0 0 0 0 4,336 6,405 2,340 13,081 0 13,081 13,083 488 138 792 + 8,433 23,640

 1,046 234 121 3 0 0 1 0 16,764 24,759 9,045 50,568 0 50,568 50,572 2,699 171 3,203 - 3,165 54,880
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on June 12, 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.

 623,453 0 27,930 4,727 109 243 33,009 8,555 2,563 667,580 8,294 7,312 1,360 684,546 752,193 128,740 623,453 11,044 2,200 0 610,209 623,453

 30,794 0 2,354 0 2 15 2,370 506 154 33,824 432 418 40 34,714 35,382 4,589 30,794

 265,991 0 8,483 4,727 85 136 13,431 860 787 281,069 1,834 1,504 531 284,938 306,650 40,659 265,991

 20,486 0 515 0 1 0 516 474 114 21,590 234 221 19 22,064 27,023 6,537 20,486

 28,620 0 2,517 0 3 1 2,521 430 151 31,723 686 665 49 33,123 33,368 4,748 28,620

 47,343 0 2,631 0 7 83 2,722 647 268 50,979 2,119 1,757 401 55,257 57,195 9,853 47,343

 44,303 0 1,655 0 2 0 1,657 966 210 47,136 470 535 33 48,173 60,920 16,617 44,303

 65,210 0 3,696 0 3 3 3,702 647 274 69,832 817 793 77 71,519 71,597 6,387 65,210

 19,825 0 728 0 1 3 731 261 111 20,929 208 149 75 21,361 23,606 3,780 19,825

 13,847 0 806 0 1 0 807 523 85 15,263 304 118 32 15,717 15,821 1,974 13,847

 17,205 0 1,098 0 1 1 1,100 350 100 18,755 194 191 20 19,160 21,028 3,823 17,205

 21,748 0 1,088 0 1 0 1,089 358 96 23,292 169 164 15 23,640 33,795 12,047 21,748

 48,082 0 2,358 0 3 0 2,362 2,533 213 53,189 828 796 68 54,880 65,808 17,726 48,082