Reserve Bank Credit 659,792 + 3,731 + 65,397 656,495

U.S. government securities (1)

Bought outright-system account (2,3) 590,854 - 834 + 56,808 591,256

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) 30,000 + 4,179 + 7,814 26,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 9 + 4 - 18 1

Seasonal credit 168 + 6 + 20 163

Extended credit 0 0 0 0

Float -214 - 65 - 1,398 -186

Other F.R. assets 38,964 + 440 + 2,170 38,751

Gold stock 11,044 0 0 11,044

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

Treasury currency outstanding 33,787 + 14 + 1,117 33,787

Total factors supplying reserve funds 706,822 + 3,745 + 66,514 703,525

Currency in circulation* 659,775 + 4,530 + 61,389 664,157

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

Treasury cash holdings* 395 - 2 - 45 395

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

Treasury 6,148 - 815 - 296 5,174

Foreign 83 - 21 - 39 79

Service-related balances and adjustments (5) 10,134 - 169 + 2,562 10,134

Other 231 - 6 - 54 243

Other F.R. liabilities and capital 20,106 - 147 + 2,381 19,354

Total factors, other than reserve balances,

absorbing reserve funds 696,872 + 3,372 + 65,898 699,535

Reserve balances with F.R. Banks (6) 9,950 + 373 + 616 3,990

FEDERAL RESERVE

 July 5, 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 3, 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 $ 792,994 million, a change of $ + 15,952 million for the week. The total includes

$ 632,733 million of U.S. government securities and $ 160,260 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 $ 23,723 million (daily average over statement week) and $ 24,442 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 23,723 million (daily average) and $ 24,442 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,429 million (daily average)

and $ 1,765 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 $ 233 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 3, 2002 Week ended

 Jul 3, 2002 Jun 26, 2002 Jul 4, 2001
ASSETS

Gold certificate account 11,044 0 0

Special drawing rights certificate account 2,200 0 0

Coin 905 - 26 - 187

Loans 164 - 16 + 7

Acceptances 0 0 0

Repurchase agreements — triparty (1) 26,500 - 7,750 + 6,150

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 196,164 - 2,186 + 15,436

Notes (3) 289,505 + 901 + 37,077

Bonds (4) 105,586 + 150 + 5,788

Total bought outright (5) 591,256 - 1,134 + 58,302

Held under repurchase agreements 0 0 0

Total U.S. government securities 591,256 - 1,134 + 58,302

Total loans and securities 617,930 - 8,900 + 64,459

Items in process of collection (1,041) 8,953 + 1,715 - 4,641

Bank premises 1,518 0 + 8

Other assets (6) 37,229 - 170 + 2,581

 TOTAL ASSETS (1,041) 679,779 - 7,381 + 62,220

LIABILITIES

Federal Reserve notes 631,671 + 6,276 + 61,171

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 14,613 - 11,990 + 1,791

U.S. Treasury—general account 5,174 - 2,446 - 510

Foreign—official accounts 79 + 5 0

Other ( 0 ) 243 + 4 - 59

Total deposits ( 0 ) 20,108 - 14,428 + 1,222

Deferred availability cash items (1,041) 8,646 + 1,547 - 1,780

Other liabilities and accrued dividends (7) 2,317 - 266 - 754

TOTAL LIABILITIES (1,041) 662,742 - 6,872 + 59,860

CAPITAL ACCOUNTS

Capital paid in 8,334 + 4 + 1,191

Surplus 7,312 0 + 714

Other capital accounts 1,391 - 514 + 455

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jul 4, 2001

Eliminations from

Consolidation Wednesday

 Jul 3, 2002

Wednesday

Jun 26, 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 $ 24,442 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,765 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 3, 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 46 18,619 - 3,514 0 0 17,500 0

16 days to 90 days 118 134,956 + 923 0 0 9,000 0

91 days to 1 year 0 134,401 - 293 0 0 ——— ———

 Over 1 year to 5 years ——— 169,228 + 1,740 10 0 ——— ———

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

Over 10 years ——— 81,563 + 5 0 0 ——— ———

Total 164 591,256 - 1,134 10 0 26,500 0
 533

 115 44 2 0 0 1 0 11,239 16,587 6,050 33,876 0 33,876 33,878 632 92 1,948 - 3,912 33,330

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on July 3, 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 $ 24,442 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,76

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.

 11,044 2,200 905 164 0 26,500 10 0 196,164 289,505 105,586 591,256 0 591,256 617,930 9,994 1,518 37,229 0 680,819

 4,369 874 41 0 0 26,500 4 0 77,183 113,909 41,544 232,636 0 232,636 259,140 838 183 13,022 + 6,680 285,146

 430 83 42 0 0 0 0 0 7,543 11,132 4,060 22,735 0 22,735 22,736 407 49 1,259 - 2,882 22,124

 522 104 44 0 0 0 1 0 10,823 15,973 5,826 32,622 0 32,622 32,623 553 152 2,498 - 4,753 31,743

 819 147 122 0 0 0 1 0 15,299 22,579 8,235 46,114 0 46,114 46,114 617 130 5,420 + 1,176 54,545

 926 166 101 4 0 0 1 0 13,968 20,614 7,518 42,100 0 42,100 42,104 1,035 280 2,504 + 1,019 48,136

 1,080 212 113 48 0 0 1 0 23,085 34,069 12,425 69,579 0 69,579 69,629 836 109 3,842 - 5,700 70,120

 346 71 55 31 0 0 0 0 6,975 10,294 3,754 21,024 0 21,024 21,055 482 43 984 - 1,775 21,260

 1        3,0 4,5 1,6 9,2  9,2 9,2 6 1 6 + 4,5 15,5
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on July 3, 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.

 631,671 0 14,613 5,174 79 243 20,108 9,687 2,317 663,783 8,334 7,312 1,391 680,819 751,185 119,514 631,671 11,044 2,200 662 617,766 631,671

 30,932 0 622 0 2 34 658 711 140 32,440 432 418 39 33,330 35,070 4,139 30,932

 271,249 0 2,896 5,174 55 141 8,266 995 740 281,250 1,852 1,504 540 285,146 309,232 37,983 271,249

 20,586 0 602 0 1 0 603 343 105 21,637 236 221 29 22,124 26,787 6,200 20,586

 28,407 0 1,316 0 3 1 1,319 491 130 30,348 686 665 44 31,743 33,000 4,593 28,407

 47,015 0 2,217 0 7 60 2,285 763 214 50,276 2,122 1,757 390 54,545 56,647 9,633 47,015

 44,793 0 1,025 0 2 0 1,027 1,085 194 47,099 473 535 29 48,136 60,359 15,566 44,793

 65,049 0 2,336 0 3 1 2,340 794 251 68,434 818 793 75 70,120 70,641 5,592 65,049

 19,987 0 462 0 1 3 465 271 104 20,828 208 149 75 21,260 23,468 3,480 19,987

 13,9  3    3 6  15,0 3 1  15,5 15,7 1,7 13,9