Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 704,413 - 3,420 + 65,636 705,762

Securities held outright 643,940 + 2,629 + 67,137 645,084

U.S. Treasury1 643,930 + 2,629 + 67,137 645,074

Bills2 235,045 + 2,501 + 42,655 235,550

Notes and bonds, nominal2 394,725 + 104 + 21,941 395,354

Notes and bonds, inflation-indexed2 12,814 0 + 2,156 12,814

Inflation compensation3 1,345 + 23 + 384 1,355

Federal agency2 10 0 0 10

Repurchase agreements4 21,893 - 6,571 - 2,500 21,250

Loans to depository institutions 29 + 18 - 13 33

Primary credit 13 + 9 + 13 15

Secondary credit 0 0 0 0

Seasonal credit 16 + 9 - 26 18

Adjustment credit 0 0 - 1 0

Float -46 + 549 + 139 622

Other Federal Reserve assets 38,597 - 45 + 873 38,773

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,723 + 14 + 1,071 34,723

Total factors supplying reserve funds 752,379 - 3,406 + 66,707 753,728

Currency in circulation5 686,876 + 1,080 + 42,833 688,397

Reverse repurchase agreements6 20,653 + 1,362 + 20,653 20,291

Foreign official and international accounts 20,331 + 1,040 + 20,331 20,291

Dealers 321 + 321 + 321 0

Treasury cash holdings 353 - 17 - 47 357

Deposits with F.R. Banks, other than reserve balances 18,670 + 1,411 + 3,210 18,994

U.S. Treasury, general account 6,528 + 874 + 1,520 6,872

Foreign official 118 - 5 + 16 102

Service-related 11,743 + 485 + 1,671 11,743

Required clearing balances 10,820 - 152 + 1,001 10,820

Adjustments to compensate for float 923 + 638 + 670 923

Other 281 + 56 + 3 277

Other liabilities and capital 19,860 - 103 + 1,128 19,616

Total factors, other than reserve balances,

absorbing reserve funds 746,412 + 3,733 + 67,778 747,654

Reserve balances with Federal Reserve Banks 5,967 - 7,139 - 1,071 6,074

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 898,566 + 1,504 . . . 898,299

U.S. Treasury 720,582 + 2,996 . . . 719,571

Federal agency 177,984 - 1,492 . . . 178,728

Securities lent to dealers 316 - 1,551 - 382 972

FEDERAL RESERVE statistical release

 April 10, 2003

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

. . . Not available.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Estimated.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Apr 9, 2003 Week ended

 Apr 9, 2003 Apr 2, 2003 Apr 10, 2002
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Assets

Gold certificate account 11,038 0 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,078 - 14 + 42

Securities, repurchase agreements, and loans 666,367 - 5,631 + 65,823

Securities held outright 645,084 + 3,602 + 67,588

U.S. Treasury1 645,074 + 3,602 + 67,588

Bills2 235,550 + 2,842 + 42,473

Notes and bonds, nominal2 395,354 + 733 + 22,570

Notes and bonds, inflation-indexed2 12,814 0 + 2,156

Inflation compensation3 1,355 + 26 + 388

Federal agency2 10 0 0

Repurchase agreements4 21,250 - 9,250 - 1,750

Loans 33 + 18 - 16

Items in process of collection (1,150) 9,043 + 667 + 1,055

Bank premises 1,558 + 1 + 45

Other assets5 37,496 + 350 + 1,259

Total assets (1,150) 728,780 - 4,627 + 68,218

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 655,104 + 744 + 42,397

Reverse repurchase agreements6 20,291 + 562 + 20,291

Deposits ( 0 ) 25,309 - 5,274 + 3,921

Depository institutions 18,058 - 5,946 + 1,989

U.S. Treasury, general account 6,872 + 673 + 2,089

Foreign official 102 - 1 - 167

Other ( 0 ) 277 0 + 10

Deferred availability cash items (1,150) 8,460 - 554 + 588

Other liabilities and accrued dividends7 2,264 + 46 - 199

Total liabilities (1,150) 711,427 - 4,477 + 66,997

Capital accounts

Capital paid in 8,521 + 7 + 514

Surplus 8,380 0 + 1,106

Other capital accounts 452 - 157 - 398

Total capital 17,352 - 151 + 1,220

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 10, 2002

Eliminations from

consolidation Wednesday

 Apr 9, 2003

Wednesday

 Apr 2, 2003

3. Maturity Distribution of Loans and Securities, April 9, 2003

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original

face value of such securities.

2. Cash value of agreements classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 26 39,537 + 1,776 0 0 17,250 20,291

16 days to 90 days 8 139,581 - 186 0 0 4,000 0

91 days to 1 year 0 152,215 + 1,253 10 0 . . . . . . 

Over 1 year to 5 years . . . 181,519 + 740 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,301 + 8 0 0 . . . . . . 

Over 10 years . . . 79,921 + 10 0 0 . . . . . . 

All 33 645,074 + 3,602 10 0 21,250 20,291

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 9, 2003Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

Note: Components may not sum to totals because of rounding.1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such sec

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

 11,038 2,200 1,078 666,367 645,084 645,074 235,550 409,523 10 21,250 33 10,193 1,558 37,496 0 729,929

Assets, liabilities, and capital

 4,705 874 39 297,237 275,987 275,983 100,776 175,207 4 21,250 0 764 185 13,679 +17,859 335,344

 495 115 50 31,191 31,187 31,186 11,388 19,799 0 0 4 523 91 1,732 - 2,435 31,761

 380 83 80 20,168 20,168 20,168 7,364 12,803 0 0 0 801 50 1,076 - 2,632 20,006

 477 104 44 30,227 30,227 30,227 11,037 19,189 0 0 0 736 152 2,297 - 2,665 31,371

 808 147 147 49,609 49,609 49,608 18,115 31,494 1 0 0 816 144 5,756 - 2,357 55,069

 863 166 100 43,579 43,579 43,579 15,913 27,666 1 0 0 774 278 2,197 - 3,841 44,115

 982 212 136 65,187 65,186 65,185 23,802 41,382 1 0 1 632 117 3,491 - 7,658 63,098

 331 71 62 20,302 20,295 20,295 7,411 12,884 0 0 7 430 44 970 - 1,459 20,752

 2   14,4 14,3 14,3 5,2 9,1    6 1 1,1 - 6 15,8
 655,104

 655,104 11,038 2,200 641,865 0 666,334 20,299 646,035

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

 764,965 109,861 655,104 20,291 25,309 18,058 6,872 102 277 9,609 2,264 712,577 8,521 8,380 452 729,929

 32,270 4,747 27,522 981 1,606 1,603 0 2 1 617 130 30,857 444 436 24 31,761

 338,293 27,964 310,329 8,681 10,647 3,539 6,872 79 158 1,061 713 331,431 1,877 1,809 226 335,344

 24,647 7,347 17,299 634 789 787 0 1 0 678 94 19,494 251 233 28 20,006

 31,645 4,411 27,234 951 1,076 1,073 0 3 0 572 123 29,956 700 702 13 31,371

 53,964 8,628 45,336 1,560 3,073 2,955 0 7 111 707 248 50,924 2,069 2,073 3 55,069

 59,339 20,037 39,302 1,371 1,348 1,346 0 2 0 939 183 43,143 476 475 22 44,115

 62,974 7,178 55,797 2,050 2,532 2,529 0 3 0 715 222 61,316 874 858 51 63,098

 22,065 3,394 18,672 638 592 587 0 1 5 336 97 20,335 206 199 13 20,752

 15,0 1,3 13,7 4 4 4    4  15,2 3 3  15,8

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 9, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes, net of F.R. Bank holdingsCollateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other eligible assets

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Apr 9, 2003

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury and agency securities held outright,

compensation to adjust for the effect of inflation on the original face value ofinflation-indexed securities, and cash value of repurchase agreements.