FEDERAL RESERVE
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
                                                                                           November 8, 2001
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items      Nov 7, 2001 Oct 31, 2001  Nov 8, 2000  Nov 7, 2001

Reserve Bank Credit                                         609,350    -   7,831    +  47,026      611,462
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    544,264    +     829    +  33,540      545,603
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     120           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      26,704    -  11,139    +  12,146       27,925
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            77    +      67    +      64           61
    Seasonal credit                                              39    -      15    -     136           37
    Extended credit                                               0            0            0            0
   Float                                                         -4    +     136    -   1,149         -671
   Other F.R. assets                                         38,261    +   2,293    +   2,682       38,498
Gold stock                                                   11,045            0    -       1       11,045
Special drawing rights certificate account                    2,200            0    -   1,000        2,200
Treasury currency outstanding                                33,083    +      14    +   1,861       33,083
        Total factors supplying reserve funds               655,678    -   7,817    +  47,887      657,790
                                                                   
Currency in circulation*                                    617,406    +   2,753    +  44,690      619,660
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         436    -       2    +     165          438
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,987    -     134    -      86        5,183
  Foreign                                                        96    -      16            0          124
  Service-related balances and adjustments (5)                7,729    -     494    +     953        7,729
  Other                                                         280    +      44    +      23          278
Other F.R. liabilities and capital                           18,054    +     175    +   1,189       17,822
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             648,987    +   2,325    +  46,932      651,234

Reserve balances with F.R. Banks  (6)                         6,692    -  10,140    +     956        6,556
                                                                
On   November 7, 2001, 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 $    731,440 million, a change of $  -   6,235 million for the week. The total includes
$    598,090 million of U.S. government securities and $    133,350 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 $     18,784 million (daily average over statement week) and $     17,604 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,784 million (daily average)
   and $     17,604 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,878 million (daily average) and $      1,862 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $      9,711 million of inflation-indexed securities valued at the original face amount and 
   $        918 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 $      7,486 million and adjustments of $        242 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                            Nov 7, 2001     Oct 31, 2001      Nov 8, 2000
                ASSETS
Gold certificate account                                        11,045                0        -       1
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,116        -       7        +     210
Loans                                                               97        +      42        -      62
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,925        -  17,125        +  15,950
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,958        +   1,306        -   1,362
                   Notes (3)                                   258,395        +       6        +  22,381
                   Bonds (4)                                   103,250        +       4        +  10,570
    Total bought outright (5)                                  545,603        +   1,316        +  31,588
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          545,603        +   1,316        +  31,588
       Total loans and securities                              573,635        -  15,768        +  47,356
                          
Items in process of collection                    (1,077)        8,746        +   1,070        -   1,492
Bank premises                                                    1,518        +       5        +      83
Other assets (6)                                                37,230        +     507        +   1,967
                TOTAL ASSETS                      (1,077)      635,490        -  14,192        +  47,123
                          
                LIABILITIES
Federal Reserve notes                                          588,131        +   2,789        +  43,665
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       15,609        -  17,669        +   2,271
  U.S. Treasury--general account                                 5,183        +      71        -     276
  Foreign--official accounts                                       124        +      49        +      52
    Other                                             (0)          278        +       7        +      49
      Total deposits                                  (0)       21,194        -  17,541        +   2,096
Deferred availability cash items                  (1,077)        8,343        +     510        +     594
Other liabilities and accrued dividends (7)                      2,752        -      21        -   1,520
                TOTAL LIABILITIES                 (1,077)      620,420        -  14,263        +  44,835
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,274        +       5        +     286
Surplus                                                          6,742        +       4        +   4,063
Other capital accounts                                           1,054        +      61        -   2,061

*Figures in parentheses are the eliminations made in the consolidation process.
1  Cash value of agreements arranged through third-party custodial banks.
2  Face value of the securities.
3  Includes $      5,739 million of inflation-indexed securities valued at the original face amount and 
   $        563 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      3,972 million of inflation-indexed securities valued at the original face amount and 
   $        355 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     17,604 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,862 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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,   November 7, 2001



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days              73       16,085   -   3,553            0           0       17,925           0
16 days to 90 days          24      123,672   +  10,234            0           0       10,000           0
91 days to 1 year            0      128,752   -   5,375            0           0     ------      ------
Over 1 to 5 years                   147,078           0           10           0     ------      ------
Over 5 to 10 years                   50,209   +       5            0           0     ------      ------
Over 10 years                        79,806   +       4            0           0     ------      ------
                   		 	
Total                       97      545,603   +   1,316           10           0       27,925           0

1  Includes $      9,711 million of inflation-indexed securities valued at the original face amount and 
   $        918 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.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON   November 7, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,045        546      4,451        454        538        741        871      1,028        343        143        317        477      1,136
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,116         58         72         45         69        177        131        126         62         33         70        126        147
                       
Loans                                             97          0          0          0         55          0          9         12          4          4          8          2          4
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,925          0     27,925          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     183,958     11,053     75,355      7,556     10,770     10,990     12,650     20,835      6,630        574      5,678      3,335     18,533
                   Notes (3)                 258,395     15,525    105,847     10,613     15,128     15,437     17,768     29,265      9,313        806      7,975      4,684     26,033
                   Bonds (4)                 103,250      6,203     42,295      4,241      6,045      6,168      7,100     11,694      3,721        322      3,187      1,872     10,402
     Total bought outright(5)                545,603     32,781    223,497     22,410     31,942     32,595     37,517     61,794     19,665      1,702     16,840      9,891     54,968
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             545,603     32,781    223,497     22,410     31,942     32,595     37,517     61,794     19,665      1,702     16,840      9,891     54,968
       Total loans and securities            573,635     32,782    251,426     22,410     31,998     32,595     37,527     61,807     19,670      1,706     16,849      9,893     54,973
                       
Items in process of collection                 9,823        577      1,036        547        424        566        909        188        603        637        558        562      3,216
Bank premises                                  1,518         92        174         49        152        132        285        110         41        123         49        137        172
Other assets(6)                               37,230      1,939     13,557      1,299      2,203      4,983      2,464      3,545      1,015        688      1,015        826      3,696
Interdistrict settlement account                   0    - 2,883    -13,025    - 2,075    - 2,199    +11,554    + 2,132    + 6,348    +   140    + 7,494    -   987    + 3,144    - 9,644
          TOTAL ASSETS                       636,567     33,227    258,565     22,813     33,289     50,896     44,484     73,365     21,944     10,856     17,936     15,263     53,929

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 $      5,739 million of inflation-indexed securities valued at the original face amount and  $        563 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      3,972 million of inflation-indexed securities valued at the original face amount and  $        355 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     17,604 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,862 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.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON   November 7, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         588,131     30,895    243,562     21,168     30,507     44,258     41,502     68,159     20,775      9,452     16,612     13,679     47,561
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,609        683      4,390        410        902      2,019        797      2,577        473        415        474        686      1,784
  U.S. Treasury--general account                5,183          0      5,183          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      124          2        100          1          2          7          2          3          1          1          1          1          3
  Other                                           278          5        136          0          0        115          1          1          0          1         12          4          4
    Total deposits                             21,194        690      9,809        411        905      2,141        800      2,581        473        417        486        690      1,791
Deferred credit items                           9,420        596      1,111        636        451        729        837        781        260        633        333        438      2,615
Other liabilities and accrued                 
  dividends (2)                                 2,752        169        899        125        164        238        228        293        117         64        111         93        251
    TOTAL LIABILITIES                         621,497     32,349    255,381     22,340     32,027     47,366     43,367     71,814     21,626     10,566     17,542     14,901     52,218
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,274        421      1,472        222        613      1,757        539        746        149        177        189        163        827
Surplus                                         6,742        358      1,468        228        472      1,679        495        632        138        113        179        188        792
Other capital accounts                          1,054         98        244         23        177         95         84        173         31          0         27         11         91
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              636,567     33,227    258,565     22,813     33,289     50,896     44,484     73,365     21,944     10,856     17,936     15,263     53,929
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        743,635     36,163    287,568     28,912     35,648     55,799     64,474     75,681     23,508     11,970     20,903     33,090     69,918
  Less--Held by F.R. Banks                    155,505      5,268     44,005      7,744      5,141     11,541     22,971      7,522      2,733      2,518      4,291     19,412     22,357
  F.R. notes, net                             588,131     30,895    243,562     21,168     30,507     44,258     41,502     68,159     20,775      9,452     16,612     13,679     47,561
Collateral held against F.R. notes            
   Gold certificate account                    11,045
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        1,348
   U.S. govt. and agency securities(3)        573,538
     Total collateral                         588,131

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal 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.