Reserve Bank Credit 642,801 + 9,022 + 51,980 642,220

U.S. government securities (1)

Bought outright-system account (2,3) 553,844 - 2,021 + 41,686 554,845

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) 50,714 + 8,971 + 9,775 49,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 10 - 26 - 15 5

Seasonal credit 31 - 5 - 42 27

Extended credit 0 0 0 0

Float 1,131 + 955 + 26 860

Other F.R. assets 37,060 + 1,146 + 670 36,973

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,195 + 14 + 1,552 33,195

Total factors supplying reserve funds 689,241 + 9,035 + 53,532 688,660

Currency in circulation* 643,222 + 4,552 + 49,610 643,611

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

Treasury cash holdings* 426 + 1 - 24 427

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

Treasury 5,982 + 1,337 + 670 7,400

Foreign 130 - 214 - 26 96

Service-related balances and adjustments (5) 9,088 + 115 + 1,660 9,088

Other 402 + 195 - 652 225

Other F.R. liabilities and capital 17,410 - 346 - 474 17,219

Total factors, other than reserve balances,

absorbing reserve funds 676,660 + 5,639 + 50,763 678,067

Reserve balances with F.R. Banks (6) 12,582 + 3,397 + 2,770 10,593

FEDERAL RESERVE

 January 3, 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 2, 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 $ 732,642 million, a change of $ - 244 million for the week. The total includes

$ 599,528 million of U.S. government securities and $ 133,114 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 $ 21,018 million (daily average over statement week) and $ 20,016 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 21,018 million (daily average) and $ 20,016 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 7,246 million (daily average)

and $ 6,959 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 $ 960 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 $ 8,551 million and adjustments of $ 536 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 2, 2002 Week ended

 Jan 2, 2002 Dec 26, 2001 Jan 3, 2001
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,036 - 30 + 101

Loans 32 - 13 - 26

Acceptances 0 0 0

Repurchase agreements — triparty (1) 49,500 - 750 + 19,025

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 185,246 - 1,143 + 3,370

Notes (3) 265,940 - 4 + 27,322

Bonds (4) 103,660 - 3 + 10,876

Total bought outright (5) 554,845 - 1,152 + 41,567

Held under repurchase agreements 0 0 0

Total U.S. government securities 554,845 - 1,152 + 41,567

Total loans and securities 604,387 - 1,914 + 60,446

Items in process of collection (416) 7,463 + 2,241 - 6,421

Bank premises 1,511 - 8 + 50

Other assets (6) 35,500 - 93 + 1,096

 TOTAL ASSETS ( 4 1 6 ) 663,141 + 196 + 55,270

LIABILITIES

Federal Reserve notes 611,879 + 1,378 + 49,000

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 20,400 - 5,371 + 8,342

U.S. Treasury—general account 7,400 + 2,544 + 3,568

Foreign—official accounts 96 - 137 + 20

Other ( 0 ) 225 + 2 + 21

Total deposits ( 0 ) 28,122 - 2,962 + 11,953

Deferred availability cash items (416) 5,921 + 1,989 - 5,359

Other liabilities and accrued dividends (7) 2,376 - 218 - 1,715

TOTAL LIABILITIES ( 4 1 6 ) 648,298 + 187 + 53,879

CAPITAL ACCOUNTS

Capital paid in 7,374 + 17 + 377

Surplus 7,283 + 571 + 1,095

Other capital accounts 186 - 579 - 81

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

 Jan 3, 2001

Eliminations from

Consolidation Wednesday

 Jan 2, 2002

Wednesday

Dec 26, 2001

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 $ 566 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 $ 394 million of compensation

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

5 Net of $ 20,016 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 6,959 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 2, 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 $ 960 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 19 14,681 - 7,363 0 0 38,500 0

16 days to 90 days 12 123,723 + 6,341 0 0 11,000 0

91 days to 1 year 0 130,627 - 1,553 0 0 ——— ———

 Over 1 year to 5 years ——— 153,158 + 1,431 10 0 ——— ———

 Over 5 years to 10 years ——— 53,338 - 3 0 0 ——— ———

Over 10 years ——— 79,319 - 3 0 0 ——— ———

Total 32 554,845 - 1,152 10 0 49,500 0
 546

 115 54 2 0 0 1 0 11,130 15,978 6,228 33,336 0 33,336 33,339 406 91 1,832 - 2,017 34,367

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on January 2, 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 $ 566 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 $ 394 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 20,016 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,959 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 1,036 32 0 49,500 10 0 185,246 265,940 103,660 554,845 0 554,845 604,387 7,879 1,511 35,500 0 663,557

 4,451 874 62 1 0 49,500 4 0 75,883 108,938 42,462 227,283 0 227,283 276,788 949 177 12,957 -24,286 271,972

 454 83 43 0 0 0 0 0 7,609 10,923 4,258 22,790 0 22,790 22,790 277 49 1,298 - 1,778 23,217

 538 104 60 0 0 0 1 0 10,845 15,569 6,069 32,483 0 32,483 32,484 235 151 2,090 - 1,961 33,701

 741 147 164 0 0 0 1 0 11,067 15,887 6,193 33,147 0 33,147 33,148 323 132 4,781 +12,805 52,240

 871 166 111 7 0 0 1 0 12,738 18,287 7,128 38,153 0 38,153 38,161 502 281 2,336 + 6,455 48,882

 1,028 212 116 14 0 0 1 0 20,981 30,120 11,740 62,841 0 62,841 62,855 673 105 3,355 + 4,836 73,181

 343 71 57 3 0 0 0 0 6,677 9,585 3,736 19,998 0 19,998 20,002 473 43 953 + 544 22,486

 143 30 31 0 0 0 0 0 578 830 323 1,731 0 1,731 1,731 785 123 658 +11,898 15,399

 317 66 68 4 0 0 0 0 5,718 8,208 3,199 17,125 0 17,125 17,130 390 49 958 - 608 18,370

 477 98 126 0 0 0 0 0 3,358 4,821 1,879 10,058 0 10,058 10,059 520 137 786 + 2,964 15,167

 1,136 234 143 0 0 0 1 0 18,663 26,793 10,443 55,899 0 55,899 55,900 2,347 171 3,497 - 8,852 54,577
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on January 2, 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.

 611,879 0 20,400 7,400 96 225 28,122 6,337 2,376 648,714 7,374 7,283 186 663,557 751,220 139,341 611,879 11,045 2,200 0 598,634 611,879

 32,032 0 940 0 2 4 945 394 147 33,518 418 418 12 34,367 35,822 3,789 32,032

 252,662 0 7,011 7,400 73 162 14,646 804 771 268,884 1,504 1,504 80 271,972 294,050 41,388 252,662

 21,832 0 558 0 1 1 560 265 110 22,767 221 221 7 23,217 28,342 6,509 21,832

 30,781 0 1,146 0 2 3 1,151 286 142 32,359 665 665 12 33,701 35,071 4,291 30,781

 45,128 0 2,991 0 7 42 3,041 344 203 48,717 1,758 1,757 8 52,240 55,360 10,232 45,128

 45,653 0 1,747 0 2 3 1,752 199 196 47,800 536 535 11 48,882 64,296 18,643 45,653

 68,500 0 2,341 0 3 1 2,344 473 257 71,574 793 793 21 73,181 74,835 6,335 68,500

 21,408 0 480 0 1 0 481 187 106 22,182 149 149 6 22,486 24,002 2,595 21,408

 14,026 0 403 0 1 0 404 642 57 15,130 180 89 0 15,399 16,036 2,010 14,026

 16,985 0 581 0 1 6 588 308 102 17,984 191 191 4 18,370 21,087 4,102 16,985

 13,952 0 555 0 1 2 558 242 82 14,833 164 164 6 15,167 33,031 19,079 13,952

 48,919 0 1,647 0 3 1 1,652 2,191 203 52,965 795 796 20 54,577 69,287 20,368 48,919