Reserve Bank Credit 627,628 - 4,289 + 53,922 635,310

U.S. government securities (1)

Bought outright-system account (2,3) 561,041 + 3,112 + 44,242 562,933

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 120 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 28,464 - 7,465 + 9,478 32,250

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 11 - 10 - 1 12

Seasonal credit 19 + 2 - 12 14

Extended credit 0 0 0 0

Float -22 - 120 - 697 1,705

Other F.R. assets 38,105 + 192 + 1,033 38,387

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,251 + 14 + 1,363 33,251

Total factors supplying reserve funds 674,124 - 4,275 + 55,284 681,806

Currency in circulation* 630,280 - 1,685 + 51,793 631,321

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

Treasury cash holdings* 422 + 5 - 33 415

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

Treasury 9,170 + 2,071 + 267 13,340

Foreign 263 + 128 + 153 434

Service-related balances and adjustments (5) 8,927 - 285 + 2,349 8,927

Other 237 + 14 - 40 228

Other F.R. liabilities and capital 17,501 - 93 - 697 17,427

Total factors, other than reserve balances,

absorbing reserve funds 666,800 + 155 + 53,792 672,092

Reserve balances with F.R. Banks (6) 7,324 - 4,431 + 1,492 9,714

FEDERAL RESERVE

 January 31, 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 January 30, 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 $ 726,813 million, a change of $ + 3,333 million for the week. The total includes

$ 593,945 million of U.S. government securities and $ 132,868 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 $ 18,794 million (daily average over statement week) and $ 18,136 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,794 million (daily average) and $ 18,136 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,981 million (daily average)

and $ 1,359 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 943 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 $ 8,647 million and adjustments of $ 279 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

Jan 30, 2002 Week ended

Jan 30, 2002 Jan 23, 2002 Jan 31, 2001
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,151 + 31 + 85

Loans 25 - 37 - 10

Acceptances 0 0 0

Repurchase agreements — triparty (1) 32,250 - 24,250 + 13,330

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 189,897 + 2,743 + 6,948

Notes (3) 268,568 - 3 + 28,843

Bonds (4) 104,468 - 2 + 11,123

Total bought outright (5) 562,933 + 2,738 + 46,915

Held under repurchase agreements 0 0 0

Total U.S. government securities 562,933 + 2,738 + 46,915

Total loans and securities 595,219 - 21,547 + 60,116

Items in process of collection (1,018) 9,685 - 5,048 - 338

Bank premises 1,509 - 4 + 42

Other assets (6) 36,860 + 343 + 1,693

 TOTAL ASSETS (1,018) 657,669 - 26,225 + 61,597

LIABILITIES

Federal Reserve notes 599,636 - 1,015 + 50,200

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 18,592 - 25,864 + 3,172

U.S. Treasury—general account 13,340 + 3,490 + 8,084

Foreign—official accounts 434 + 150 + 235

Other ( 0 ) 228 + 8 - 78

Total deposits ( 0 ) 32,594 - 22,217 + 11,412

Deferred availability cash items (1,018) 8,012 - 3,018 + 206

Other liabilities and accrued dividends (7) 2,322 + 13 - 1,638

TOTAL LIABILITIES (1,018) 642,563 - 26,238 + 60,179

CAPITAL ACCOUNTS

Capital paid in 7,433 + 13 + 419

Surplus 7,271 - 1 + 1,006

Other capital accounts 402 + 1 - 7

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jan 31, 2001

Eliminations from

Consolidation Wednesday

Jan 30, 2002

Wednesday

Jan 23, 2002

1 Cash value of agreements arranged through third-party custodial banks.

2 Face value of the securities.

3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 556 million of compensation

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

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 387 million of compensation

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

5 Net of $ 18,136 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,359 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, January 30, 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 $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 943 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 25 24,757 + 610 0 0 27,250 0

16 days to 90 days 1 122,892 + 7,916 0 0 5,000 0

91 days to 1 year 0 126,032 - 5,783 0 0 ——— ———

 Over 1 year to 5 years ——— 157,732 - 1 10 0 ——— ———

 Over 5 years to 10 years ——— 51,627 - 1 0 0 ——— ———

Over 10 years ——— 79,894 - 2 0 0 ——— ———

Total 25 562,933 + 2,738 10 0 32,250 0
 546

 115 63 3 0 0 1 0 11,409 16,136 6,277 33,822 0 33,822 33,826 570 92 1,993 - 3,801 33,402

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on January 30, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

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 securities.2 Face value of the securities.3 Includes $ 5,766 million of inflation-indexed securities valued at the original face amount and $ 556 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 4,420 million of inflation-indexed securities valued at the original face amount and $ 387 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,136 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,359 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.

 11,045 2,200 1,151 25 0 32,250 10 0 189,897 268,568 104,468 562,933 0 562,933 595,219 10,703 1,509 36,860 0 658,687

 4,451 874 60 1 0 32,250 4 0 77,788 110,015 42,793 230,596 0 230,596 262,851 1,021 177 13,424 - 7,217 275,640

 454 83 53 0 0 0 0 0 7,800 11,031 4,291 23,122 0 23,122 23,122 874 49 1,314 - 2,842 23,108

 538 104 67 0 0 0 1 0 11,118 15,723 6,116 32,957 0 32,957 32,957 459 151 2,484 - 3,370 33,391

 741 147 177 4 0 0 1 0 11,345 16,044 6,241 33,630 0 33,630 33,635 652 132 4,756 +11,361 51,600

 871 166 129 0 0 0 1 0 13,058 18,468 7,184 38,709 0 38,709 38,710 1,333 280 2,444 + 3,298 47,232

 1,028 212 132 7 0 0 1 0 21,507 30,418 11,832 63,757 0 63,757 63,765 867 105 3,756 + 1,803 71,669

 343 71 65 1 0 0 0 0 6,845 9,680 3,765 20,290 0 20,290 20,291 484 43 1,014 + 336 22,648

 143 30 35 1 0 0 0 0 592 838 326 1,756 0 1,756 1,757 661 123 389 +12,338 15,475

 317 66 80 2 0 0 0 0 5,861 8,289 3,224 17,375 0 17,375 17,377 680 49 1,005 - 1,821 17,753

 477 98 143 2 0 0 0 0 3,443 4,869 1,894 10,205 0 10,205 10,207 579 137 738 + 2,562 14,943

 1,136 234 148 6 0 0 1 0 19,132 27,058 10,525 56,714 0 56,714 56,721 2,521 171 3,542 -12,648 51,825
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on January 30, 2002Millions of dollars

Dallas San Francisco Kansas City Minneapolis Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia

 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 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.

 599,636 0 18,592 13,340 434 228 32,594 9,030 2,322 643,581 7,433 7,271 402 658,687 750,240 150,604 599,636 11,045 2,200 0 586,391 599,636

 30,959 0 781 0 2 1 783 645 141 32,528 429 418 27 33,402 35,798 4,839 30,959

 252,569 0 4,117 13,340 410 129 17,996 1,138 737 272,440 1,504 1,504 192 275,640 295,940 43,371 252,569

 20,769 0 1,116 0 1 0 1,117 652 109 22,647 221 221 18 23,108 27,887 7,117 20,769

 29,868 0 1,720 0 3 1 1,724 288 134 32,013 681 665 33 33,391 34,691 4,823 29,868

 44,898 0 2,258 0 7 88 2,353 617 213 48,081 1,759 1,757 2 51,600 55,697 10,799 44,898

 44,070 0 1,082 0 2 0 1,085 884 187 46,225 447 535 26 47,232 63,839 19,769 44,070

 66,391 0 2,709 0 3 1 2,713 686 252 70,041 791 793 44 71,669 73,873 7,483 66,391

 20,927 0 1,088 0 1 2 1,091 214 109 22,340 149 149 10 22,648 23,916 2,989 20,927

 13,890 0 593 0 1 0 594 547 59 15,091 307 77 0 15,475 16,240 2,350 13,890

 16,281 0 550 0 1 2 553 428 99 17,361 192 191 9 17,753 20,905 4,624 16,281

 13,495 0 641 0 1 2 644 383 88 14,609 165 164 4 14,943 32,991 19,496 13,495

 45,520 0 1,938 0 3 0 1,942 2,547 195 50,204 787 796 38 51,825 68,464 22,944 45,520