Reserve Bank Credit 669,038 + 2,951 + 47,930 676,131

U.S. government securities (1)

Bought outright-system account (2,3) 609,235 + 1,182 + 59,741 609,614

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) 23,036 + 2,107 - 12,207 29,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 3 - 307 - 6 6

Seasonal credit 54 - 6 + 21 54

Extended credit 0 0 0 0

Float 29 + 325 - 650 613

Other F.R. assets 36,672 - 349 + 1,033 36,834

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding 34,427 + 14 + 1,453 34,427

Total factors supplying reserve funds 716,708 + 2,965 + 49,382 723,800

Currency in circulation* 669,912 + 2,114 + 43,820 674,291

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

Treasury cash holdings* 384 - 3 - 45 377

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

Treasury 5,016 + 148 - 58 5,082

Foreign 125 - 22 - 202 224

Service-related balances and adjustments (5) 10,625 + 164 + 2,474 10,625

Other 180 - 70 - 83 184

Other F.R. liabilities and capital 19,483 - 308 + 1,668 19,435

Total factors, other than reserve balances,

absorbing reserve funds 705,725 + 2,022 + 47,574 710,219

Reserve balances with F.R. Banks (6) 10,983 + 944 + 1,808 13,581

FEDERAL RESERVE

 November 29, 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 November 27, 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 $ 831,289 million, a change of $ + 8,370 million for the week. The total includes

$ 676,372 million of U.S. government securities and $ 154,917 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 $ 19,295 million (daily average over statement week) and $ 19,114 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,295 million (daily average) and $ 19,114 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,629 million (daily average)

and $ 2,200 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 $ 1,237 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 $ 10,282 million and adjustments of $ 343 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

Nov 27, 2002 Week ended

Nov 27, 2002 Nov 20, 2002 Nov 28, 2001
ASSETS

Gold certificate account 11,038 0 - 7

Special drawing rights certificate account 2,200 0 0

Coin 1,049 - 27 + 3

Loans 60 + 3 + 25

Acceptances 0 0 0

Repurchase agreements — triparty (1) 29,000 + 9,750 - 10,350

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 207,568 + 3,213 + 22,269

Notes (3) 297,339 + 3 + 34,963

Bonds (4) 104,707 + 2 + 1,617

Total bought outright (5) 609,614 + 3,218 + 58,849

Held under repurchase agreements 0 0 0

Total U.S. government securities 609,614 + 3,218 + 58,849

Total loans and securities 638,684 + 12,972 + 48,523

Items in process of collection (1,748) 8,118 - 118 + 81

Bank premises 1,530 - 3 + 11

Other assets (6) 35,322 + 328 + 543

 TOTAL ASSETS (1,748) 697,941 + 13,153 + 49,154

LIABILITIES

Federal Reserve notes 641,286 + 5,388 + 46,066

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 23,972 + 7,029 + 689

U.S. Treasury—general account 5,082 + 563 + 769

Foreign—official accounts 224 + 152 - 127

Other ( 0 ) 184 - 47 - 88

Total deposits ( 0 ) 29,463 + 7,699 + 1,244

Deferred availability cash items (1,748) 7,757 - 63 + 267

Other liabilities and accrued dividends (7) 2,427 + 6 - 260

TOTAL LIABILITIES (1,748) 680,933 + 13,030 + 47,317

CAPITAL ACCOUNTS

Capital paid in 8,349 + 45 + 979

Surplus 7,312 0 + 579

Other capital accounts 1,348 + 78 + 279

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Nov 28, 2001

Eliminations from

Consolidation Wednesday

Nov 27, 2002

Wednesday

Nov 20, 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 $ 695 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 $ 543 million of compensation

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

5 Net of $ 19,114 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,200 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, November 27, 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 $ 1,237 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 56 25,646 + 3,217 0 0 21,000 0

16 days to 90 days 4 135,245 + 59 0 0 8,000 0

91 days to 1 year 0 142,115 - 63 0 0 ——— ———

 Over 1 year to 5 years ——— 173,805 + 1 10 0 ——— ———

 Over 5 years to 10 years ——— 52,974 + 2 0 0 ——— ———

Over 10 years ——— 79,829 + 2 0 0 ——— ———

Total 60 609,614 + 3,218 10 0 29,000 0
 533

 115 49 0 0 0 1 0 11,893 17,036 5,999 34,928 0 34,928 34,928 526 91 1,838 - 5,971 32,110

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on November 27, 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 $ 695 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 $ 543 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 19,114 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,200 

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 1,049 60 0 29,000 10 0 207,568 297,339 104,707 609,614 0 609,614 638,684 9,866 1,530 35,322 0 699,689

 4,363 874 42 0 0 29,000 4 0 81,670 116,991 41,198 239,859 0 239,859 268,863 822 184 12,357 +29,924 317,430

 430 83 62 0 0 0 0 0 7,982 11,434 4,026 23,441 0 23,441 23,442 483 49 1,115 - 5,507 20,156

 522 104 49 0 0 0 1 0 11,453 16,406 5,777 33,635 0 33,635 33,636 526 152 2,404 - 5,055 32,338

 819 147 142 0 0 0 1 0 16,189 23,190 8,166 47,546 0 47,546 47,546 892 129 5,279 - 2,591 52,364

 926 166 116 8 0 0 1 0 14,780 21,172 7,456 43,407 0 43,407 43,416 921 278 2,362 - 4,394 43,792

 1,080 212 131 7 0 0 1 0 24,427 34,991 12,322 71,739 0 71,739 71,748 745 115 3,605 -14,864 62,772

 346 71 60 14 0 0 0 0 7,381 10,573 3,723 21,677 0 21,677 21,690 530 43 921 - 3,322 20,340

 1        3,2 4,6 1,6 9,5  9,5 9,5 6 1 6 + 4,0 15,1
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on November 27, 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.

r revised. The incorrect values reported on the original release showed insufficient collateral. In fact, an adequate volume of securities was availabl

Reserve notes. 

Components may not add to totals due to rounding.

 641,286  0  23,972  5,082  224  184  29,463  9,504  2,427  682,680  8,349  7,312  1,348  699,689  757,885  116,599  641,286  11,038  2,200  0r 628,048r 641,286r

 28,618 0 1,914 0 2 1 1,917 539 147 31,220 436 418 35 32,110 33,535 4,917 28,618

 298,872 0 7,748 5,082 200 145 13,176 904 738 313,690 1,801 1,504 436 317,430 327,984 29,111 298,872

 17,892 0 1,121 0 1 0 1,123 542 106 19,663 242 221 30 20,156 25,723 7,831 17,892

 28,358 0 1,418 0 3 1 1,422 1,005 143 30,928 699 665 46 32,338 32,991 4,633 28,358

 45,079 0 2,137 0 7 29 2,173 704 266 48,223 2,073 1,757 311 52,364 55,013 9,933 45,079

 39,944 0 1,758 0 2 1 1,761 861 197 42,762 473 535 22 43,792 57,558 17,614 39,944

 57,542 0 2,509 0 3 1 2,513 719 258 61,032 850 793 97 62,772 65,751 8,209 57,542

 18,844 0 664 0 1 2 666 315 109 19,935 199 149 57 20,340 22,346 3,502 18,844

 13,2  5    5 6  14,5 3 1 1 15,1 15,2 1,9 13,2