Reserve Bank Credit 627,844 - 1,921 + 55,218 628,279

U.S. government securities (1)

Bought outright-system account (2,3) 562,646 + 520 + 46,737 564,317

Held under repurchase agreements 0 0 0 0

Federal agency obligations (1)

Bought outright 10 0 - 100 10

Held under repurchase agreements 0 0 0 0

Repurchase agreements — triparty (4) 26,464 - 2,143 + 8,707 25,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 31 + 25 + 7 2

Seasonal credit 24 + 8 + 1 19

Extended credit 0 0 0 0

Float 37 - 978 - 1,506 -468

Other F.R. assets 38,631 + 646 + 1,371 38,899

Gold stock 11,044 - 1 - 2 11,044

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

Treasury currency outstanding 33,279 + 14 + 1,274 33,279

Total factors supplying reserve funds 674,368 - 1,906 + 56,491 674,803

Currency in circulation* 634,806 + 3,169 + 52,921 637,197

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

Treasury cash holdings* 408 - 6 - 77 407

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

Treasury 4,976 - 1,220 - 47 4,108

Foreign 314 + 124 + 235 356

Service-related balances and adjustments (5) 9,380 + 361 + 2,847 9,380

Other 222 - 40 - 101 212

Other F.R. liabilities and capital 17,715 + 176 - 517 17,602

Total factors, other than reserve balances,

absorbing reserve funds 667,820 + 2,562 + 55,259 669,261

Reserve balances with F.R. Banks (6) 6,548 - 4,469 + 1,231 5,542

FEDERAL RESERVE

 February 14, 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 February 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 $ 731,402 million, a change of $ + 1,013 million for the week. The total includes

$ 599,518 million of U.S. government securities and $ 131,883 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 $ 20,113 million (daily average over statement week) and $ 19,410 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 20,113 million (daily average) and $ 19,410 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 1,655 million (daily average)

and $ 1,609 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 $ 923 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 $ 8,818 million and adjustments of $ 562 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

Feb 13, 2002 Week ended

Feb 13, 2002 Feb 6, 2002 Feb 14, 2001
ASSETS

Gold certificate account 11,044 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 1,169 + 7 + 49

Loans 21 - 9 - 14

Acceptances 0 0 0

Repurchase agreements — triparty (1) 25,500 - 4,000 + 7,990

Federal agency obligations (2)

Bought outright 10 0 - 100

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 189,130 - 655 + 9,412

Notes (3) 270,629 + 1,457 + 29,689

Bonds (4) 104,558 - 5 + 10,654

Total bought outright (5) 564,317 + 797 + 49,756

Held under repurchase agreements 0 0 0

Total U.S. government securities 564,317 + 797 + 49,756

Total loans and securities 589,848 - 3,213 + 57,632

Items in process of collection (1,121) 7,034 - 2,550 - 6,463

Bank premises 1,511 + 1 + 42

Other assets (6) 37,360 + 548 + 1,189

 TOTAL ASSETS (1,121) 650,167 - 5,207 + 52,448

LIABILITIES

Federal Reserve notes 605,493 + 3,055 + 52,342

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 15,004 - 5,753 + 3,079

U.S. Treasury—general account 4,108 - 1,268 - 2,605

Foreign—official accounts 356 - 238 + 284

Other ( 2 ) 212 - 41 - 74

Total deposits ( 2 ) 19,680 - 7,299 + 684

Deferred availability cash items (1,119) 7,392 - 1,104 - 259

Other liabilities and accrued dividends (7) 2,338 + 38 - 1,642

TOTAL LIABILITIES (1,121) 634,903 - 5,311 + 51,125

CAPITAL ACCOUNTS

Capital paid in 7,442 + 5 + 430

Surplus 7,270 + 1 + 937

Other capital accounts 552 + 98 - 43

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Feb 14, 2001

Eliminations from

Consolidation Wednesday

Feb 13, 2002

Wednesday

 Feb 6, 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 $ 545 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 $ 378 million of compensation

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

5 Net of $ 19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,609 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, February 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 $ 10,186 million of inflation-indexed securities valued at the original face amount and $ 923 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 16 31,101 + 9,571 0 0 19,500 0

16 days to 90 days 4 112,412 - 8,119 0 0 6,000 0

91 days to 1 year 0 130,946 - 644 0 0 ——— ———

 Over 1 year to 5 years ——— 158,020 - 1 10 0 ——— ———

 Over 5 years to 10 years ——— 51,954 - 4 0 0 ——— ———

Over 10 years ——— 79,885 - 5 0 0 ——— ———

Total 21 564,317 + 797 10 0 25,500 0
 546

 115 69 3 0 0 1 0 11,363 16,260 6,282 33,905 0 33,905 33,909 503 92 2,020 - 3,894 33,360

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on February 13, 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 $ 545 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 $ 378 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,609 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.

 11,044 2,200 1,169 21 0 25,500 10 0 189,130 270,629 104,558 564,317 0 564,317 589,848 8,156 1,511 37,360 0 651,288

 4,450 874 60 0 0 25,500 4 0 77,474 110,859 42,830 231,163 0 231,163 256,667 939 177 13,617 -12,662 264,123

 454 83 56 0 0 0 0 0 7,768 11,116 4,295 23,179 0 23,179 23,179 512 49 1,334 - 2,806 22,862

 538 104 67 0 0 0 1 0 11,073 15,844 6,121 33,038 0 33,038 33,038 352 151 2,515 - 3,785 32,981

 741 147 176 0 0 0 1 0 11,299 16,167 6,246 33,713 0 33,713 33,713 484 132 4,800 +12,144 52,337

 871 166 123 0 0 0 1 0 13,005 18,609 7,190 38,804 0 38,804 38,805 744 280 2,478 + 4,347 47,816

 1,028 212 140 0 0 0 1 0 21,421 30,651 11,842 63,913 0 63,913 63,915 554 106 3,808 + 2,843 72,604

 343 71 65 0 0 0 0 0 6,817 9,754 3,769 20,340 0 20,340 20,340 486 43 1,030 - 293 22,086

 143 30 36 6 0 0 0 0 590 844 326 1,761 0 1,761 1,766 520 123 396 +12,234 15,248

 317 66 83 6 0 0 0 0 5,838 8,353 3,227 17,418 0 17,418 17,424 511 49 1,021 - 1,053 18,418

 477 98 144 1 0 0 0 0 3,429 4,906 1,895 10,230 0 10,230 10,231 249 137 748 + 5,897 17,980

 1,136 234 149 6 0 0 1 0 19,054 27,265 10,534 56,854 0 56,854 56,860 2,300 172 3,593 -12,971 51,474
H.4.1 (c)

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

 605,493 0 15,004 4,108 356 214 19,682 8,511 2,338 636,024 7,442 7,270 552 651,288 750,407 144,913 605,493 11,044 2,200 2,422 589,827 605,493

 30,904 0 726 0 2 2 730 692 145 32,471 429 418 41 33,360 35,740 4,836 30,904

 251,087 0 3,564 4,108 332 135 8,138 937 736 260,898 1,504 1,504 216 264,123 295,466 44,379 251,087

 20,783 0 941 0 1 0 942 563 110 22,399 221 221 21 22,862 27,689 6,906 20,783

 30,075 0 1,027 0 3 2 1,032 344 136 31,587 681 665 49 32,981 34,589 4,513 30,075

 46,604 0 1,294 0 7 64 1,366 596 209 48,775 1,762 1,757 44 52,337 56,550 9,946 46,604

 44,690 0 1,085 0 2 0 1,088 829 195 46,802 447 535 32 47,816 63,234 18,544 44,690

 67,353 0 2,755 0 3 4 2,762 596 250 70,961 792 793 58 72,604 74,386 7,033 67,353

 21,030 0 391 0 1 1 392 241 105 21,769 150 149 18 22,086 23,798 2,768 21,030

 13,868 0 411 0 1 0 412 521 63 14,864 308 76 0 15,248 16,219 2,350 13,868

 16,981 0 532 0 1 2 534 404 98 18,017 193 191 17 18,418 21,475 4,494 16,981

 16,404 0 726 0 1 3 729 422 85 17,640 166 164 10 17,980 33,342 16,938 16,404

 45,713 0 1,553 0 3 1 1,557 2,366 206 49,842 791 796 46 51,474 67,919 22,206 45,713