Reserve Bank Credit 635,208 - 2,061 + 59,122 637,349

U.S. government securities (1)

Bought outright-system account (2,3) 575,740 + 1,642 + 51,810 576,093

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) 22,214 - 4,400 + 6,288 24,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 14 + 8 + 11 1

Seasonal credit 20 0 + 2 21

Extended credit 0 0 0 0

Float -169 + 206 - 197 -342

Other F.R. assets 37,380 + 484 + 1,209 37,565

Gold stock 11,044 0 - 2 11,044

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

Treasury currency outstanding 33,363 + 14 + 1,128 33,363

Total factors supplying reserve funds 681,816 - 2,046 + 60,249 683,956

Currency in circulation* 640,361 + 580 + 54,939 642,412

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

Treasury cash holdings* 422 - 7 - 67 412

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

Treasury 5,198 - 1,313 + 577 5,009

Foreign 86 - 9 - 12 71

Service-related balances and adjustments (5) 10,181 + 948 + 3,473 10,181

Other 205 - 2 - 91 203

Other F.R. liabilities and capital 18,096 - 180 - 229 17,913

Total factors, other than reserve balances,

absorbing reserve funds 674,550 + 16 + 58,590 676,201

Reserve balances with F.R. Banks (6) 7,266 - 2,063 + 1,659 7,756

FEDERAL RESERVE

 March 28, 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 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 $ 740,723 million, a change of $ - 1,853 million for the week. The total includes

$ 599,074 million of U.S. government securities and $ 141,649 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 $ 18,913 million (daily average over statement week) and $ 18,985 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,913 million (daily average) and $ 18,985 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,484 million (daily average)

and $ 3,051 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 $ 949 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 $ 9,629 million and adjustments of $ 551 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 27, 2002 Week ended

Mar 27, 2002 Mar 20, 2002 Mar 28, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,078 - 7 - 69

Loans 22 - 2 + 6

Acceptances 0 0 0

Repurchase agreements — triparty (1) 24,000 - 4,550 + 8,500

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 193,104 + 1,661 + 7,771

Notes (3) 278,461 + 294 + 34,803

Bonds (4) 104,528 + 293 + 8,572

Total bought outright (5) 576,093 + 2,249 + 51,147

Held under repurchase agreements 0 0 0

Total U.S. government securities 576,093 + 2,249 + 51,147

Total loans and securities 600,125 - 2,304 + 59,653

Items in process of collection (1,166) 7,292 - 1,624 + 611

Bank premises 1,511 0 + 32

Other assets (6) 35,842 + 309 + 857

 TOTAL ASSETS (1,166) 659,092 - 3,626 + 61,082

LIABILITIES

Federal Reserve notes 610,539 + 1,407 + 54,467

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 18,099 - 4,047 + 6,869

U.S. Treasury—general account 5,009 - 591 + 245

Foreign—official accounts 71 - 3 - 74

Other ( 0 ) 203 - 16 - 48

Total deposits ( 0 ) 23,382 - 4,657 + 6,993

Deferred availability cash items (1,166) 7,259 - 338 - 270

Other liabilities and accrued dividends (7) 2,440 + 59 - 1,377

TOTAL LIABILITIES (1,166) 643,619 - 3,530 + 59,811

CAPITAL ACCOUNTS

Capital paid in 7,650 + 4 + 621

Surplus 7,270 - 3 + 781

Other capital accounts 552 - 97 - 133

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Mar 28, 2001

Eliminations from

Consolidation Wednesday

Mar 27, 2002

Wednesday

Mar 20, 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 $ 542 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 $ 407 million of compensation

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

5 Net of $ 18,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 3,051 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 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 $ 10,658 million of inflation-indexed securities valued at the original face amount and $ 949 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 22 23,545 - 1,462 0 0 21,000 0

16 days to 90 days 0 126,066 + 1,853 0 0 3,000 0

91 days to 1 year 0 133,777 + 1,271 0 0 ——— ———

 Over 1 year to 5 years ——— 159,198 + 1 10 0 ——— ———

 Over 5 years to 10 years ——— 52,249 + 292 0 0 ——— ———

Over 10 years ——— 81,259 + 294 0 0 ——— ———

Total 22 576,093 + 2,249 10 0 24,000 0
 546

 115 66 1 0 0 1 0 11,602 16,731 6,280 34,613 0 34,613 34,614 506 92 1,925 - 4,799 33,065

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on March 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 $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 542 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 4,892 million of inflation-indexed securities valued at the original face amount and $ 407 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 18,985 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 3,05

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 1,078 22 0 24,000 10 0 193,104 278,461 104,528 576,093 0 576,093 600,125 8,457 1,511 35,842 0 660,258

 4,450 874 62 0 0 24,000 4 0 79,102 114,067 42,818 235,987 0 235,987 259,991 790 179 13,019 -14,093 265,271

 454 83 57 0 0 0 0 0 7,932 11,437 4,293 23,662 0 23,662 23,663 418 49 1,273 - 3,531 22,467

 538 104 59 0 0 0 1 0 11,305 16,302 6,120 33,727 0 33,727 33,728 294 151 2,420 - 4,043 33,252

 741 147 156 1 0 0 1 0 11,536 16,635 6,245 34,416 0 34,416 34,418 579 131 4,725 +13,052 53,948

 871 166 90 0 0 0 1 0 13,278 19,148 7,188 39,614 0 39,614 39,615 710 280 2,369 + 2,937 47,038

 1,028 212 136 7 0 0 1 0 21,871 31,538 11,839 65,247 0 65,247 65,256 703 107 3,626 + 1,799 72,867

 343 71 59 0 0 0 0 0 6,960 10,037 3,768 20,764 0 20,764 20,765 478 43 971 - 518 22,211

 1        6 8 3 1,7  1,7 1,8 5 1 3 +12,2 15,3
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on March 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.

Components may not add to totals due to rounding.

 610,539 0 18,099 5,009 71 203 23,382 8,425 2,440 644,785 7,650 7,270 552 660,258 748,344 137,806 610,539 11,044 2,200 0 597,294 610,539

 30,440 0 960 0 2 19 981 617 152 32,189 430 418 28 33,065 35,270 4,830 30,440

 252,188 0 2,580 5,009 48 131 7,768 1,025 774 261,754 1,671 1,504 342 265,271 294,521 42,333 252,188

 20,734 0 579 0 1 1 581 582 111 22,008 223 221 15 22,467 27,911 7,177 20,734

 29,677 0 1,681 0 3 1 1,685 372 142 31,875 683 665 29 33,252 34,263 4,587 29,677

 46,231 0 3,251 0 7 36 3,294 651 235 50,411 1,772 1,757 8 53,948 56,081 9,850 46,231

 43,970 0 1,044 0 2 0 1,047 817 201 46,035 448 535 20 47,038 62,744 18,774 43,970

 67,034 0 3,377 0 3 3 3,383 560 253 71,230 800 793 43 72,867 74,150 7,115 67,034

 20,871 0 694 0 1 4 699 222 107 21,901 150 149 12 22,211 24,100 3,229 20,871

 13,8  5    5 5  14,9 3   15,3 16,1 2,2 13,8