Reserve Bank Credit 627,352 + 7,607 + 49,070 629,353

U.S. government securities (1)

Bought outright-system account (2,3) 554,231 + 2,718 + 39,494 555,584

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) 36,593 + 5,093 + 11,572 37,700

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 12 - 31 - 283 10

Seasonal credit 35 + 1 - 86 34

Extended credit 0 0 0 0

Float 732 + 348 - 2,243 27

Other F.R. assets 35,738 - 523 + 736 35,989

Gold stock 11,045 0 - 1 11,045

Special drawing rights certificate account 2,200 0 - 143 2,200

Treasury currency outstanding 33,167 + 14 + 1,624 33,167

Total factors supplying reserve funds 673,764 + 7,621 + 50,551 675,765

Currency in circulation* 630,596 + 3,558 + 47,391 634,598

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

Treasury cash holdings* 440 - 1 + 36 425

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

Treasury 5,864 + 856 - 2,241 7,174

Foreign 290 + 136 + 130 622

Service-related balances and adjustments (5) 9,136 + 380 + 2,439 9,136

Other 221 - 19 - 1 208

Other F.R. liabilities and capital 17,966 + 81 - 615 17,698

Total factors, other than reserve balances,

absorbing reserve funds 664,514 + 4,993 + 47,140 669,861

Reserve balances with F.R. Banks (6) 9,250 + 2,628 + 3,410 5,903

FEDERAL RESERVE

 December 20, 2001

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 December 19, 2001, 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 $ 733,833 million, a change of $ + 346 million for the week. The total includes

$ 600,626 million of U.S. government securities and $ 133,207 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 $ 18,807 million (daily average over statement week) and $ 18,728 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,807 million (daily average) and $ 18,728 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,926 million (daily average)

and $ 2,204 million (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.

3 Includes $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 935 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 $ 8,583 million and adjustments of $ 553 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

Dec 19, 2001 Week ended

Dec 19, 2001 Dec 12, 2001 Dec 20, 2000
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,079 + 9 + 125

Loans 44 - 74 - 81

Acceptances 0 0 0

Repurchase agreements — triparty (1) 37,700 - 4,800 + 11,990

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 186,484 - 107 + 3,857

Notes (3) 265,920 + 2,074 + 26,791

Bonds (4) 103,179 + 92 + 10,396

Total bought outright (5) 555,584 + 2,060 + 41,045

Held under repurchase agreements 0 0 0

Total U.S. government securities 555,584 + 2,060 + 41,045

Total loans and securities 593,338 - 2,814 + 52,834

Items in process of collection (1,026) 9,101 - 968 - 3,233

Bank premises 1,518 0 + 66

Other assets (6) 35,527 + 591 + 1,807

 TOTAL ASSETS (1,026) 653,807 - 3,182 + 51,597

LIABILITIES

Federal Reserve notes 602,936 + 4,755 + 46,146

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 16,772 - 10,959 + 2,906

U.S. Treasury—general account 7,174 + 2,582 + 2,393

Foreign—official accounts 622 + 328 + 395

Other ( 0 ) 208 - 8 - 3

Total deposits ( 0 ) 24,775 - 8,059 + 5,691

Deferred availability cash items (1,026) 8,398 + 188 + 201

Other liabilities and accrued dividends (7) 2,605 - 59 - 1,770

TOTAL LIABILITIES (1,026) 638,714 - 3,175 + 50,268

CAPITAL ACCOUNTS

Capital paid in 7,355 - 10 + 333

Surplus 6,725 - 3 + 4,046

Other capital accounts 1,012 + 5 - 3,051

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Dec 20, 2000

Eliminations from

Consolidation Wednesday

Dec 19, 2001

Wednesday

Dec 12, 2001

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

2 Face value of the securities.

3 Includes $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 573 million of compensation

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

4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 362 million of compensation

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

5 Net of $ 18,728 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,204 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, December 19, 2001

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 $ 9,711 million of inflation-indexed securities valued at the original face amount and $ 935 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 40 21,405 + 5,465 0 0 25,700 0

16 days to 90 days 3 118,662 - 6,150 0 0 12,000 0

91 days to 1 year 0 131,635 + 2,044 0 0 ——— ———

 Over 1 year to 5 years ——— 151,727 + 634 10 0 ——— ———

 Over 5 years to 10 years ——— 53,317 + 70 0 0 ——— ———

Over 10 years ——— 78,838 - 4 0 0 ——— ———

Total 44 555,584 + 2,060 10 0 37,700 0
 546

 115 56 4 0 0 1 0 11,204 15,977 6,199 33,381 0 33,381 33,385 541 92 1,825 - 2,690 33,869

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on December 19, 2001Millions 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 $ 5,739 million of inflation-indexed securities valued at the original face amount and $ 573 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

4 Includes $ 3,972 million of inflation-indexed securities valued at the original face amount and $ 362 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,728 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,204 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 1,079 44 0 37,700 10 0 186,484 265,920 103,179 555,584 0 555,584 593,338 10,127 1,518 35,527 0 654,833

 4,451 874 68 0 0 37,700 4 0 76,390 108,930 42,266 227,586 0 227,586 265,290 1,092 178 12,902 -18,943 265,911

 454 83 42 0 0 0 0 0 7,660 10,922 4,238 22,820 0 22,820 22,821 529 49 1,295 - 1,644 23,629

 538 104 63 1 0 0 1 0 10,918 15,568 6,041 32,527 0 32,527 32,528 509 152 2,085 - 1,854 34,124

 741 147 168 0 0 0 1 0 11,141 15,886 6,164 33,191 0 33,191 33,191 730 133 4,794 +10,920 50,824

 871 166 121 3 0 0 1 0 12,823 18,286 7,095 38,204 0 38,204 38,207 1,017 285 2,326 + 5,553 48,545

 1,028 212 120 12 0 0 1 0 21,121 30,118 11,686 62,924 0 62,924 62,937 653 106 3,343 + 4,629 73,028

 343 71 60 3 0 0 0 0 6,721 9,585 3,719 20,025 0 20,025 20,029 588 42 947 + 182 22,262

 143 30 34 4 0 0 0 0 582 830 322 1,733 0 1,733 1,737 742 123 661 +11,750 15,220

 317 66 72 8 0 0 0 0 5,756 8,208 3,185 17,148 0 17,148 17,157 567 49 954 - 1,043 18,139

 477 98 130 0 0 0 0 0 3,381 4,821 1,870 10,072 0 10,072 10,072 340 137 903 + 2,978 15,136

 1,136 234 146 9 0 0 1 0 18,788 26,791 10,395 55,974 0 55,974 55,984 2,820 172 3,493 - 9,838 54,147
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on December 19, 2001Millions 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.

 602,936 0 16,772 7,174 622 208 24,775 9,424 2,605 639,740 7,355 6,725 1,012 654,833 753,040 150,104 602,936 11,045 2,200 0 589,691 602,936

 31,306 0 925 0 2 1 928 612 165 33,011 418 358 81 33,869 35,907 4,601 31,306

 249,555 0 3,274 7,174 598 130 11,175 1,136 829 262,695 1,504 1,468 244 265,911 293,928 44,373 249,555

 21,731 0 764 0 1 1 766 546 118 23,160 221 228 19 23,629 28,468 6,737 21,731

 30,463 0 1,677 0 2 2 1,681 471 157 32,772 665 472 215 34,124 35,167 4,704 30,463

 44,296 0 1,962 0 7 52 2,022 748 240 47,305 1,756 1,679 83 50,824 55,510 11,215 44,296

 45,127 0 1,179 0 2 0 1,182 923 217 47,449 534 495 67 48,545 64,779 19,652 45,127

 67,625 0 2,728 0 3 8 2,739 788 277 71,428 775 632 193 73,028 75,036 7,411 67,625

 21,172 0 385 0 1 1 386 278 111 21,948 149 138 27 22,262 24,095 2,923 21,172

 13,862 0 437 0 1 0 439 578 65 14,944 180 96 0 15,220 16,066 2,204 13,862

 16,714 0 550 0 1 10 561 367 105 17,747 191 179 22 18,139 21,175 4,462 16,714

 13,628 0 669 0 1 2 672 388 90 14,778 163 188 6 15,136 33,219 19,591 13,628

 47,458 0 2,220 0 3 2 2,225 2,588 230 52,502 798 792 55 54,147 69,689 22,231 47,458