Reserve Bank Credit 666,333 + 5,784 + 50,333 673,919

U.S. government securities (1)

Bought outright-system account (2,3) 608,480 - 172 + 62,443 608,984

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) 16,821 + 4,785 - 14,183 21,000

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 242 - 113 + 152 2

Seasonal credit 66 - 1 + 35 65

Extended credit 0 0 0 0

Float 634 + 612 + 563 3,610

Other F.R. assets 40,080 + 673 + 1,323 40,248

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding 34,387 + 14 + 1,413 34,387

Total factors supplying reserve funds 713,963 + 5,798 + 51,744 721,548

Currency in circulation* 668,060 + 4,123 + 46,813 669,425

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

Treasury cash holdings* 386 - 9 - 52 387

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

Treasury 5,013 - 325 + 323 4,592

Foreign 77 - 39 - 72 76

Service-related balances and adjustments (5) 10,327 - 97 + 2,539 10,327

Other 236 - 9 - 20 238

Other F.R. liabilities and capital 20,012 + 157 + 2,045 19,693

Total factors, other than reserve balances,

absorbing reserve funds 704,112 + 3,801 + 51,577 704,739

Reserve balances with F.R. Banks (6) 9,851 + 1,998 + 167 16,810

FEDERAL RESERVE

 November 14, 2002

These data are scheduled for release each Thursday.

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 November 13, 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 $ 809,887 million, a change of $ + 2,292 million for the week. The total includes

$ 659,453 million of U.S. government securities and $ 150,434 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 $ 19,985 million (daily average over statement week) and $ 19,484 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,985 million (daily average) and $ 19,484 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 828 million (daily average)

and $ 0 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 $ 1,227 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 $ 10,057 million and adjustments of $ 270 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

Nov 13, 2002 Week ended

Nov 13, 2002 Nov 6, 2002 Nov 14, 2001
ASSETS

Gold certificate account 11,038 0 - 7

Special drawing rights certificate account 2,200 0 0

Coin 1,080 + 1 - 27

Loans 67 - 2 + 37

Acceptances 0 0 0

Repurchase agreements — triparty (1) 21,000 + 11,000 - 16,755

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 206,949 + 210 + 23,443

Notes (3) 295,914 + 3 + 35,374

Bonds (4) 106,122 + 2 + 2,868

Total bought outright (5) 608,984 + 214 + 61,684

Held under repurchase agreements 0 0 0

Total U.S. government securities 608,984 + 214 + 61,684

Total loans and securities 630,061 + 11,213 + 44,966

Items in process of collection (1,517) 15,581 + 6,296 + 910

Bank premises 1,530 + 1 + 12

Other assets (6) 38,736 + 619 + 1,104

 TOTAL ASSETS (1,517) 700,227 + 18,130 + 46,959

LIABILITIES

Federal Reserve notes 636,501 + 3,186 + 44,982

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 27,245 + 11,576 + 420

U.S. Treasury—general account 4,592 - 215 - 755

Foreign—official accounts 76 + 4 - 395

Other ( 0 ) 238 - 5 - 24

Total deposits ( 0 ) 32,151 + 11,360 - 753

Deferred availability cash items (1,517) 11,882 + 3,462 + 641

Other liabilities and accrued dividends (7) 2,469 + 30 - 275

TOTAL LIABILITIES (1,517) 683,003 + 18,038 + 44,594

CAPITAL ACCOUNTS

Capital paid in 8,285 + 5 + 1,008

Surplus 7,312 0 + 577

Other capital accounts 1,627 + 87 + 779

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Nov 14, 2001

Eliminations from

Consolidation Wednesday

Nov 13, 2002

Wednesday

 Nov 6, 2002

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 $ 688 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 $ 538 million of compensation

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

5 Net of $ 19,484 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 0 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, November 13, 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 $ 12,242 million of inflation-indexed securities valued at the original face amount and $ 1,227 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 26 14,823 - 5,066 0 0 16,000 0

16 days to 90 days 41 141,857 + 5,724 0 0 5,000 0

91 days to 1 year 0 143,437 + 74 0 0 ——— ———

 Over 1 year to 5 years ——— 176,183 0 10 0 ——— ———

 Over 5 years to 10 years ——— 50,940 - 521 0 0 ——— ———

Over 10 years ——— 81,743 + 2 0 0 ——— ———

Total 67 608,984 + 214 10 0 21,000 0
 533

 115 50 0 0 0 1 0 11,857 16,954 6,080 34,892 0 34,892 34,892 1,090 91 2,033 - 4,681 34,123

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on November 13, 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 $ 7,168 million of inflation-indexed securities valued at the original face amount and $ 688 million of compensation that adjusts for the eff

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 538 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 19,484 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 0 

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.

 11,038 2,200 1,080 67 0 21,000 10 0 206,949 295,914 106,122 608,984 0 608,984 630,061 17,098 1,530 38,736 0 701,744

 4,363 874 50 0 0 21,000 4 0 81,426 116,430 41,755 239,612 0 239,612 260,615 1,458 184 13,641 +32,276 313,462

 430 83 60 0 0 0 0 0 7,958 11,379 4,081 23,417 0 23,417 23,418 899 49 1,246 - 5,853 20,331

 522 104 50 0 0 0 1 0 11,418 16,327 5,855 33,601 0 33,601 33,601 789 153 2,593 - 5,140 32,671

 819 147 142 0 0 0 1 0 16,141 23,079 8,277 47,496 0 47,496 47,497 1,578 129 5,595 - 2,118 53,789

 926 166 126 7 0 0 1 0 14,736 21,070 7,556 43,362 0 43,362 43,369 1,821 279 2,608 - 4,888 44,408

 1,080 212 138 11 0 0 1 0 24,354 34,823 12,488 71,665 0 71,665 71,677 1,714 116 4,007 -14,901 64,043

 346 71 63 16 0 0 0 0 7,359 10,522 3,773 21,654 0 21,654 21,671 747 43 1,034 - 3,046 20,928

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

Statement of Condition of Each Federal Reserve Bank on November 13, 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.

 636,501 0 27,245 4,592 76 238 32,151 13,399 2,469 684,521 8,285 7,312 1,627 701,744 755,063 118,562 636,501 11,038 2,200 0 623,262 636,501

 28,520 0 3,618 0 2 5 3,625 926 148 33,219 434 418 52 34,123 33,727 5,207 28,520

 295,028 0 7,882 4,592 52 144 12,670 1,238 755 309,691 1,773 1,504 494 313,462 325,883 30,855 295,028

 17,917 0 1,096 0 1 0 1,097 709 110 19,833 238 221 39 20,331 25,932 8,015 17,917

 27,953 0 1,981 0 3 1 1,985 1,161 144 31,243 692 665 71 32,671 32,743 4,790 27,953

 45,578 0 2,699 0 7 79 2,785 946 261 49,570 2,069 1,757 392 53,789 55,394 9,817 45,578

 40,114 0 1,888 0 2 1 1,890 1,154 201 43,359 471 535 43 44,408 57,264 17,150 40,114

 58,144 0 2,905 0 3 4 2,912 957 263 62,275 847 793 128 64,043 66,613 8,469 58,144

 19,101 0 882 0 1 3 885 418 107 20,511 199 149 69 20,928 22,486 3,385 19,101

 13,6  4    4 8  15,0 3 1 1 15,7 15,3 1,6 13,6