FEDERAL RESERVE
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
                                                                                             April 11, 2002
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items     Apr 10, 2002  Apr 3, 2002 Apr 11, 2001 Apr 10, 2002

Reserve Bank Credit                                         638,804    -   3,329    +  60,419      638,728
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    576,793    +   1,033    +  54,565      577,486
    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)                      24,393    -   4,393    +   5,146       23,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             1    -     299    -       4            3
    Seasonal credit                                              42    +      16    +       7           46
    Extended credit                                               0            0            0            0
   Float                                                       -158    +     126    -   1,219          203
   Other F.R. assets                                         37,724    +     188    +   1,924       37,981
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,213    +      14    +     901       33,213
        Total factors supplying reserve funds               685,260    -   3,316    +  61,317      685,185
                                                                   
Currency in circulation*                                    643,604    +   1,105    +  55,547      644,481
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         400    -      10    -      86          403
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,008    -     387    -       2        4,783
  Foreign                                                       102    -      85    +      27          269
  Service-related balances and adjustments (5)               10,072    +     203    +   3,178       10,072
  Other                                                         278    +      29    -      94          267
Other F.R. liabilities and capital                           18,732    +     420    +   1,142       18,595
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             678,195    +   1,274    +  59,711      678,870

Reserve balances with F.R. Banks  (6)                         7,066    -   4,589    +   1,608        6,315
                                                                
On     April 10, 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 $    750,146 million, a change of $  +   1,352 million for the week. The total includes
$    608,116 million of U.S. government securities and $    142,031 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 $     19,919 million (daily average over statement week) and $     19,361 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,919 million (daily average)
   and $     19,361 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        698 million (daily average) and $      1,684 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     10,658 million of inflation-indexed securities valued at the original face amount and 
   $        967 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 $      9,819 million and adjustments of $        253 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                           Apr 10, 2002      Apr 3, 2002     Apr 11, 2001
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,036        -      27        -     112
Loans                                                               49        -   2,070        +      10
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           23,000        -   4,500        +   4,250
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       193,077        +     256        +  10,677
                   Notes (3)                                   279,581        +       6        +  34,984
                   Bonds (4)                                   104,827        +       4        +   7,926
    Total bought outright (5)                                  577,486        +     268        +  53,587
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          577,486        +     268        +  53,587
       Total loans and securities                              600,544        -   6,304        +  57,846
                          
Items in process of collection                    (1,200)        7,988        -     201        -   3,282
Bank premises                                                    1,513        +       2        +      23
Other assets (6)                                                36,237        +     541        +   1,604
                TOTAL ASSETS                      (1,200)      660,562        -   5,989        +  56,078
                          
                LIABILITIES
Federal Reserve notes                                          612,707        -      80        +  53,823
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       16,069        -   4,694        +   2,111
  U.S. Treasury--general account                                 4,783        -   1,188        -     345
  Foreign--official accounts                                       269        +     146        +     196
    Other                                             (0)          267        -      30        -      79
      Total deposits                                  (0)       21,388        -   5,766        +   1,883
Deferred availability cash items                  (1,200)        7,872        -     290        -     511
Other liabilities and accrued dividends (7)                      2,463        +      27        -   1,211
                TOTAL LIABILITIES                 (1,200)      644,430        -   6,110        +  53,984
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,007        +       4        +     964
Surplus                                                          7,274        +       2        +     971
Other capital accounts                                             850        +     114        +     158

*Figures in parentheses are the eliminations made in the consolidation process.
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 
   $        552 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      4,892 million of inflation-indexed securities valued at the original face amount and 
   $        415 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,361 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,684 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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,     April 10, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days              10       14,857   +   1,747            0           0       18,000           0
16 days to 90 days          39      135,462   -     378            0           0        5,000           0
91 days to 1 year            0      134,347   -   1,111            0           0     ------      ------
Over 1 to 5 years                   159,240   +       2           10           0     ------      ------
Over 5 to 10 years                   52,314   +       4            0           0     ------      ------
Over 10 years                        81,267   +       5            0           0     ------      ------
                   		 	
Total                       49      577,486   +     268           10           0       23,000           0

1  Includes $     10,658 million of inflation-indexed securities valued at the original face amount and 
   $        967 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.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON     April 10, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,044        533      4,369        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,036         64         63         57         55        148         81        130         56         39         74        129        140
                       
Loans                                             49          4          0          0          0          0          0         21          7         10          5          0          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          23,000          0     23,000          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     193,077     11,062     75,968      7,424     10,653     15,059     13,748     22,721      6,865      3,018      5,707      4,285     16,565
                   Notes (3)                 279,581     16,018    110,004     10,751     15,426     21,805     19,907     32,901      9,941      4,371      8,264      6,205     23,987
                   Bonds (4)                 104,827      6,006     41,246      4,031      5,784      8,176      7,464     12,336      3,727      1,639      3,099      2,326      8,994
     Total bought outright(5)                577,486     33,087    227,218     22,206     31,863     45,040     41,119     67,959     20,534      9,028     17,070     12,816     49,546
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             577,486     33,087    227,218     22,206     31,863     45,040     41,119     67,959     20,534      9,028     17,070     12,816     49,546
       Total loans and securities            600,544     33,091    250,222     22,206     31,863     45,041     41,120     67,980     20,542      9,038     17,075     12,817     49,550
                       
Items in process of collection                 9,188      1,061        995        428        827        475        472        657        385        461        540        426      2,461
Bank premises                                  1,513         92        181         49        152        131        280        107         43        123         49        137        171
Other assets(6)                               36,237      1,899     12,850      1,240      2,393      5,105      2,439      3,747        975        617        959        799      3,214
Interdistrict settlement account                   0    - 3,769    -   177    - 2,301    - 3,609    + 1,771    + 1,471    - 2,231    -   534    + 4,912    -   387    + 8,194    - 3,339
          TOTAL ASSETS                       661,762     33,085    269,376     22,192     32,307     53,636     46,955     71,682     21,883     15,398     18,685     23,085     53,477

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  $        552 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      4,892 million of inflation-indexed securities valued at the original face amount and  $        415 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,361 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,684 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.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON     April 10, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         612,707     30,680    253,441     20,641     29,638     46,640     43,788     67,081     20,705     13,919     17,183     21,666     47,325
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      16,069        729      5,435        424        680      1,934      1,030      1,972        504        539        566        631      1,626
  U.S. Treasury--general account                4,783          0      4,783          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      269          2        245          1          3          7          2          3          1          1          1          1          3
  Other                                           267          9        132          0          1        112          0          1          5          0          6          0          1
    Total deposits                             21,388        740     10,595        425        683      2,054      1,032      1,976        509        539        572        632      1,630
Deferred credit items                           9,072        626        990        549        442        729        913        700        244        474        426        350      2,630
Other liabilities and accrued                 
  dividends (2)                                 2,463        148        757        110        140        248        201        261        106         79         98         93        221
    TOTAL LIABILITIES                         645,630     32,194    265,783     21,726     30,903     49,671     45,934     70,018     21,564     15,012     18,279     22,740     51,807
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,007        430      1,682        223        683      2,114        449        800        151        306        194        167        808
Surplus                                         7,274        418      1,504        221        665      1,757        535        793        149         81        191        164        796
Other capital accounts                            850         43        407         23         56         94         37         71         19          0         21         13         67
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              661,762     33,085    269,376     22,192     32,307     53,636     46,955     71,682     21,883     15,398     18,685     23,085     53,477
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        747,641     35,280    295,909     27,772     34,163     56,093     62,162     73,859     23,986     16,048     21,343     33,975     67,051
  Less--Held by F.R. Banks                    134,934      4,600     42,468      7,131      4,526      9,453     18,374      6,778      3,281      2,129      4,159     12,310     19,726
  F.R. notes, net                             612,707     30,680    253,441     20,641     29,638     46,640     43,788     67,081     20,705     13,919     17,183     21,666     47,325
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        599,463
     Total collateral                         612,707

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal 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.