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
                                                                                             August 8, 2002
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      Aug 7, 2002 Jul 31, 2002  Aug 8, 2001  Aug 7, 2002

Reserve Bank Credit                                         657,571    +   2,073    +  60,065      667,153
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    600,108    -      34    +  63,409      601,322
    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)                      17,393    +   1,964    -   4,871       26,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             6    -      17    -      41            4
    Seasonal credit                                             179    -       1            0          176
    Extended credit                                               0            0            0            0
   Float                                                       -199    +     287    -     474         -554
   Other F.R. assets                                         40,074    -     126    +   2,041       40,195
Gold stock                                                   11,042    -       2    -       2       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,997    +      14    +   1,224       33,997
        Total factors supplying reserve funds               704,810    +   2,086    +  61,288      714,393
                                                                   
Currency in circulation*                                    660,871    +   1,293    +  55,374      662,278
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         377    -       4    -      38          382
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,025    -     754    +     352        5,316
  Foreign                                                        99    +       5    -       7           74
  Service-related balances and adjustments (5)               10,210    -      12    +   2,609       10,210
  Other                                                         229    +      13    -      81          203
Other F.R. liabilities and capital                           19,207    +       6    +   1,174       19,158
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             696,018    +     547    +  59,384      697,621

Reserve balances with F.R. Banks  (6)                         8,792    +   1,538    +   1,904       16,771
                                                                
On     August 7, 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 $    794,017 million, a change of $  -   3,984 million for the week. The total includes
$    642,039 million of U.S. government securities and $    151,978 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 $     22,795 million (daily average over statement week) and $     22,239 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     22,259 million (daily average)
   and $     22,239 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,277 million (daily average) and $        775 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 
   $      1,152 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 $      9,962 million and adjustments of $        248 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
                                                            Aug 7, 2002     Jul 31, 2002      Aug 8, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       6
Special drawing rights certificate account                       2,200                0                0
Coin                                                               972        +      25        -     143
Loans                                                              180        -       6        -       2
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           26,000        +   6,500        -   2,495
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       202,914        -      55        +  21,702
                   Notes (3)                                   292,698        +     921        +  38,068
                   Bonds (4)                                   105,710        +       1        +   4,941
    Total bought outright (5)                                  601,322        +     867        +  64,711
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          601,322        +     867        +  64,711
       Total loans and securities                              627,512        +   7,361        +  62,214
                          
Items in process of collection                      (919)        7,561        +   1,063        -     702
Bank premises                                                    1,519                0        +      12
Other assets (6)                                                38,571        +     378        +   2,014
                TOTAL ASSETS                        (919)      689,374        +   8,828        +  63,390
                          
                LIABILITIES
Federal Reserve notes                                          629,631        +   1,163        +  53,562
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       27,103        +   7,920        +   7,768
  U.S. Treasury--general account                                 5,316        -     926        +     514
  Foreign--official accounts                                        74        -      90        -       5
    Other                                             (0)          203        -      33        -     102
      Total deposits                                  (0)       32,696        +   6,871        +   8,176
Deferred availability cash items                    (919)        7,889        +     576        +     361
Other liabilities and accrued dividends (7)                      2,377        +      14        -     692
                TOTAL LIABILITIES                   (919)      672,593        +   8,624        +  61,407
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,284        +      18        +   1,116
Surplus                                                          7,312                0        +     583
Other capital accounts                                           1,186        +     187        +     284

*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 $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        645 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 
   $        507 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     22,239 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        775 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,     August 7, 2002



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              66       21,340   -     265            0           0       23,000           0
16 days to 90 days         114      129,340   +   5,090            0           0        3,000           0
91 days to 1 year            0      142,953   -   4,435            0           0     ------      ------
Over 1 to 5 years                   172,050   +     475           10           0     ------      ------
Over 5 to 10 years                   54,006   +       1            0           0     ------      ------
Over 10 years                        81,632           0            0           0     ------      ------
                   		 	
Total                      180      601,322   +     867           10           0       26,000           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,152 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     August 7, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,038        533      4,363        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             972         42         51         42         47        129        126        124         58         32         66        139        117
                       
Loans                                            180          1          0          1          0          0          7         35         36         72         18          7          4
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          26,000          0     26,000          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                     202,914     11,626     79,839      7,803     11,196     15,826     14,448     23,879      7,215      3,172      5,998      4,503     17,409
                   Notes (3)                 292,698     16,770    115,165     11,255     16,150     22,828     20,841     34,445     10,408      4,576      8,652      6,496     25,112
                   Bonds (4)                 105,710      6,057     41,593      4,065      5,833      8,245      7,527     12,440      3,759      1,653      3,125      2,346      9,069
     Total bought outright(5)                601,322     34,453    236,597     23,123     33,178     46,899     42,817     70,764     21,382      9,400     17,775     13,345     51,591
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             601,322     34,453    236,597     23,123     33,178     46,899     42,817     70,764     21,382      9,400     17,775     13,345     51,591
       Total loans and securities            627,512     34,455    262,601     23,123     33,178     46,900     42,824     70,800     21,418      9,472     17,793     13,352     51,596
                       
Items in process of collection                 8,480        489        976        354        183        546        674        633        390        592        578        339      2,727
Bank premises                                  1,519         91        183         49        152        130        279        111         43        124         49        137        172
Other assets(6)                               38,571      2,025     13,580      1,276      2,572      5,521      2,602      3,998      1,036        657      1,020        848      3,436
Interdistrict settlement account                   0    - 3,681    +16,127    - 4,247    - 5,397    - 1,152    -   396    - 7,482    - 2,160    + 4,160    - 1,366    +10,861    - 5,266
          TOTAL ASSETS                       690,293     34,068    298,754     21,111     31,361     53,039     47,201     69,476     21,201     15,246     18,516     26,259     54,061

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 $      7,168 million of inflation-indexed securities valued at the original face amount and  $        645 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  $        507 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     22,239 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        775 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     August 7, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         629,631     29,677    276,565     19,574     28,059     46,248     43,637     63,455     19,834     13,649     16,447     24,746     47,739
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      27,103      2,758     11,143        592      1,387      1,728      1,500      3,455        546        401      1,133        734      1,726
  U.S. Treasury--general account                5,316          0      5,316          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       74          2         50          1          3          7          2          3          1          1          1          1          3
  Other                                           203          8        134          0          1         53          0          1          5          0          1          0          0
    Total deposits                             32,696      2,768     16,642        593      1,391      1,788      1,502      3,458        551        402      1,135        735      1,730
Deferred credit items                           8,808        596        929        352        397        707        832        630        294        598        422        345      2,706
Other liabilities and accrued                 
  dividends (2)                                 2,377        144        750        107        135        226        199        256        106         78         96         89        192
    TOTAL LIABILITIES                         673,511     33,186    294,886     20,626     29,983     48,969     46,171     67,799     20,785     14,726     18,100     25,914     52,367
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,284        432      1,852        236        686      2,060        473        819        201        312        207        169        836
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,186         32        513         27         27        253         23         65         66         89         17         12         62
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              690,293     34,068    298,754     21,111     31,361     53,039     47,201     69,476     21,201     15,246     18,516     26,259     54,061
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        747,925     34,690    311,125     26,472     32,556     56,003     59,353     69,704     23,231     15,597     20,801     33,712     64,680
  Less--Held by F.R. Banks                    118,294      5,013     34,560      6,898      4,497      9,755     15,715      6,249      3,397      1,948      4,354      8,966     16,941
  F.R. notes, net                             629,631     29,677    276,565     19,574     28,059     46,248     43,637     63,455     19,834     13,649     16,447     24,746     47,739
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        616,393
     Total collateral                         629,631

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.