Reserve Bank Credit 658,153 - 1,638 + 66,751 661,700

U.S. government securities (1)

Bought outright-system account (2,3) 592,626 + 1,772 + 59,859 594,531

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) 25,857 - 4,143 + 5,163 27,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 42 + 33 - 108 24

Seasonal credit 167 - 1 + 6 173

Extended credit 0 0 0 0

Float 500 + 715 - 341 329

Other F.R. assets 38,950 - 14 + 2,171 39,632

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,801 + 14 + 1,117 33,801

Total factors supplying reserve funds 705,198 - 1,623 + 67,869 708,744

Currency in circulation* 663,900 + 4,125 + 62,413 663,898

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

Treasury cash holdings* 392 - 2 - 47 394

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

Treasury 4,985 - 1,163 + 189 5,194

Foreign 99 + 16 + 22 84

Service-related balances and adjustments (5) 10,123 - 11 + 2,839 10,123

Other 228 - 3 - 55 221

Other F.R. liabilities and capital 19,575 - 531 + 1,994 19,559

Total factors, other than reserve balances,

absorbing reserve funds 699,302 + 2,430 + 67,354 699,473

Reserve balances with F.R. Banks (6) 5,896 - 4,053 + 514 9,271

FEDERAL RESERVE

 July 11, 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 July 10, 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 $ 790,575 million, a change of $ - 2,419 million for the week. The total includes

$ 635,093 million of U.S. government securities and $ 155,482 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 $ 23,476 million (daily average over statement week) and $ 22,490 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 23,476 million (daily average) and $ 22,490 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 559 million (daily average)

and $ 625 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 $ 1,216 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 $ 9,902 million and adjustments of $ 221 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

Jul 10, 2002 Week ended

Jul 10, 2002 Jul 3, 2002 Jul 11, 2001
ASSETS

Gold certificate account 11,039 - 5 - 5

Special drawing rights certificate account 2,200 0 0

Coin 885 - 20 - 178

Loans 198 + 34 + 9

Acceptances 0 0 0

Repurchase agreements — triparty (1) 27,000 + 500 - 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 198,724 + 2,560 + 19,120

Notes (3) 290,167 + 662 + 37,602

Bonds (4) 105,640 + 54 + 4,992

Total bought outright (5) 594,531 + 3,275 + 61,713

Held under repurchase agreements 0 0 0

Total U.S. government securities 594,531 + 3,275 + 61,713

Total loans and securities 621,739 + 3,809 + 61,222

Items in process of collection (955) 7,802 - 1,151 - 225

Bank premises 1,519 + 1 + 7

Other assets (6) 37,939 + 710 + 2,541

 TOTAL ASSETS ( 9 5 5 ) 683,124 + 3,345 + 63,363

LIABILITIES

Federal Reserve notes 631,373 - 298 + 60,568

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,161 + 4,548 + 1,268

U.S. Treasury—general account 5,194 + 20 - 250

Foreign—official accounts 84 + 5 + 3

Other ( 0 ) 221 - 22 - 38

Total deposits ( 0 ) 24,660 + 4,552 + 983

Deferred availability cash items (955) 7,532 - 1,114 + 39

Other liabilities and accrued dividends (7) 2,382 + 65 - 689

TOTAL LIABILITIES ( 9 5 5 ) 665,947 + 3,205 + 60,901

CAPITAL ACCOUNTS

Capital paid in 8,268 - 66 + 1,125

Surplus 7,312 0 + 635

Other capital accounts 1,598 + 207 + 704

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jul 11, 2001

Eliminations from

Consolidation Wednesday

Jul 10, 2002

Wednesday

 Jul 3, 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 $ 715 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 $ 501 million of compensation

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

5 Net of $ 22,490 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 625 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, July 10, 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 $ 1,216 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 75 16,069 - 2,550 0 0 18,000 0

16 days to 90 days 122 138,640 + 3,684 0 0 9,000 0

91 days to 1 year 0 135,826 + 1,425 0 0 ——— ———

 Over 1 year to 5 years ——— 169,944 + 716 10 0 ——— ———

 Over 5 years to 10 years ——— 52,489 0 0 0 ——— ———

Over 10 years ——— 81,563 0 0 0 ——— ———

Total 198 594,531 + 3,275 10 0 27,000 0
 533

 115 45 2 0 0 1 0 11,386 16,625 6,053 34,063 0 34,063 34,066 517 92 1,989 - 4,178 33,178

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on July 10, 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 $ 6,591 million of inflation-indexed securities valued at the original face amount and $ 715 million of compensation that adjusts for the ef

principal of such securities.

4 Includes $ 5,011 million of inflation-indexed securities valued at the original face amount and $ 501 million of compensation that adjusts for the e

principal of such securities.

5 Net of $ 22,490 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 62

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.

 11,039 2,200 885 198 0 27,000 10 0 198,724 290,167 105,640 594,531 0 594,531 621,739 8,757 1,519 37,939 0 684,079

 4,364 874 38 0 0 27,000 4 0 78,190 114,169 41,565 233,925 0 233,925 260,929 955 183 13,255 + 8,531 289,130

 430 83 42 0 0 0 0 0 7,641 11,158 4,062 22,861 0 22,861 22,862 367 49 1,284 - 3,111 22,005

 522 104 42 0 0 0 1 0 10,965 16,010 5,829 32,803 0 32,803 32,804 481 152 2,546 - 4,564 32,086

 819 147 118 0 0 0 1 0 15,499 22,631 8,239 46,369 0 46,369 46,370 629 130 5,513 + 305 54,031

 926 166 102 5 0 0 1 0 14,150 20,661 7,522 42,333 0 42,333 42,339 698 280 2,556 + 1,061 48,127

 1,080 212 110 49 0 0 1 0 23,386 34,147 12,432 69,965 0 69,965 70,014 599 110 3,921 - 6,400 69,646

 346 71 54 46 0 0 0 0 7,066 10,318 3,756 21,140 0 21,140 21,186 372 43 1,006 - 1,636 21,443

 1        3,1 4,5 1,6 9,2  9,2 9,3 5 1 6 + 4,8 15,7
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on July 10, 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.

 631,373 0 19,161 5,194 84 221 24,660 8,487 2,382 666,902 8,268 7,312 1,598 684,079 750,562 119,189 631,373 11,039 2,200 0 618,134 631,373

 30,604 0 1,000 0 2 12 1,014 518 144 32,280 432 418 48 33,178 35,037 4,433 30,604

 272,636 0 5,486 5,194 60 133 10,873 945 747 285,201 1,852 1,504 573 289,130 309,426 36,790 272,636

 20,339 0 663 0 1 0 664 401 107 21,511 236 221 37 22,005 26,686 6,348 20,339

 28,303 0 1,867 0 3 1 1,871 364 134 30,672 686 665 64 32,086 32,920 4,617 28,303

 46,847 0 2,069 0 7 70 2,145 566 216 49,774 2,054 1,757 445 54,031 56,541 9,694 46,847

 44,581 0 1,393 0 2 0 1,396 902 198 47,077 473 535 42 48,127 60,174 15,593 44,581

 64,877 0 2,162 0 3 0 2,165 639 256 67,937 818 793 97 69,646 70,639 5,762 64,877

 19,998 0 697 0 1 3 701 202 106 21,007 208 149 79 21,443 23,462 3,463 19,998

 13,9  5    5 6  15,2 3 1  15,7 15,7 1,7 13,9