FEDERAL RESERVE
These data are scheduled for release each Thursday. 

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 12, 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     Sep 11, 2002  Sep 4, 2002 Sep 12, 2001 Sep 11, 2002

Reserve Bank Credit                                         658,198    -   6,916    +  36,502      659,917
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    604,092    +   1,009    +  63,614      604,520
    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)                      16,857    -   6,964    -  12,006       18,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             1    -      92    -  11,741            1
    Seasonal credit                                             164    -      13    +      69          161
    Extended credit                                               0            0            0            0
   Float                                                       -642    -     756    -   3,836         -505
   Other F.R. assets                                         37,717    -      99    +     402       37,730
Gold stock                                                   11,042            0    -       2       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,135    +      14    +   1,178       34,135
        Total factors supplying reserve funds               705,575    -   6,902    +  37,679      707,294
                                                                   
Currency in circulation*                                    663,431    -     772    +  50,795      663,710
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         361            0    -      61          362
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,009    +     214    -     341        4,516
  Foreign                                                       130    +      36    +      51           75
  Service-related balances and adjustments (5)               10,178    -       6    +   2,600       10,178
  Other                                                         223    +      18    -     244          215
Other F.R. liabilities and capital                           19,437    -     120    +     213       19,018
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             698,770    -     628    +  53,013      698,075

Reserve balances with F.R. Banks  (6)                         6,806    -   6,273    -  15,334        9,219
                                                                
On September 11, 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 $    808,955 million, a change of $  +   3,411 million for the week. The total includes
$    654,697 million of U.S. government securities and $    154,258 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 $     22,426 million (daily average over statement week) and $     22,142 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     22,426 million (daily average)
   and $     22,142 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,024 million (daily average) and $          0 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,163 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 $      9,961 million and adjustments of $        217 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
                                                           Sep 11, 2002      Sep 4, 2002     Sep 12, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       5
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,028        +       8        -      53
Loans                                                              162        -      49        -  45,460
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           18,000        -   7,000        -  43,005
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       203,886        +     831        +  32,550
                   Notes (3)                                   294,643        +       2        +  37,603
                   Bonds (4)                                   105,991        +       1        +   3,983
    Total bought outright (5)                                  604,520        +     833        +  74,135
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          604,520        +     833        +  74,135
       Total loans and securities                              622,692        -   6,216        -  14,330
                          
Items in process of collection                    (1,187)        7,258        -   5,955        -  23,670
Bank premises                                                    1,520                0        +      10
Other assets (6)                                                36,204        +      74        -  10,024
                TOTAL ASSETS                      (1,187)      681,940        -  12,089        -  48,073
                          
                LIABILITIES
Federal Reserve notes                                          630,961        -   2,027        +  46,583
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,612        -   6,056        -  89,070
  U.S. Treasury--general account                                 4,516        -      85        -   1,477
  Foreign--official accounts                                        75        -      53        +       6
    Other                                             (0)          215        -       8        -     935
      Total deposits                                  (0)       24,419        -   6,203        -  91,475
Deferred availability cash items                  (1,187)        7,541        -   3,501        -      78
Other liabilities and accrued dividends (7)                      2,425        +      20        -   4,764
                TOTAL LIABILITIES                 (1,187)      665,347        -  11,710        -  49,733
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,253        +       5        +   1,056
Surplus                                                          7,312                0        +     569
Other capital accounts                                           1,028        -     385        +      36

*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 $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        651 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and 
   $        512 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     22,142 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $          0 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, September 11, 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              50       18,171   +   1,224            0           0       15,000           0
16 days to 90 days         111      129,519   -      50            0           0        3,000           0
91 days to 1 year            0      148,076   -     344            0           0     ------      ------
Over 1 to 5 years                   175,654   +       1           10           0     ------      ------
Over 5 to 10 years                   51,383   +       2            0           0     ------      ------
Over 10 years                        81,717   +       1            0           0     ------      ------
                   		 	
Total                      162      604,520   +     833           10           0       18,000           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,163 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 September 11, 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                      11,038        533      4,363        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                                           1,028         41         49         47         53        135        135        135         59         33         69        149        123
                       
Loans                                            162          0          0          0          1          0          8         26         31         65         20         10          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          18,000          0     18,000          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                     203,886     11,682     80,221      7,840     11,249     15,902     14,517     23,993      7,250      3,187      6,027      4,525     17,493
                   Notes (3)                 294,643     16,881    115,931     11,330     16,257     22,980     20,980     34,674     10,477      4,606      8,710      6,539     25,279
                   Bonds (4)                 105,991      6,073     41,703      4,076      5,848      8,267      7,547     12,473      3,769      1,657      3,133      2,352      9,094
     Total bought outright(5)                604,520     34,636    237,855     23,246     33,354     47,148     43,044     71,140     21,495      9,450     17,870     13,416     51,865
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             604,520     34,636    237,855     23,246     33,354     47,148     43,044     71,140     21,495      9,450     17,870     13,416     51,865
       Total loans and securities            622,692     34,636    255,859     23,246     33,355     47,149     43,053     71,167     21,526      9,515     17,890     13,426     51,869
                       
Items in process of collection                 8,445        513        839        394        231        540        853        663        460        572        484        339      2,557
Bank premises                                  1,520         91        183         49        152        130        279        111         43        125         49        138        171
Other assets(6)                               36,204      1,884     12,659      1,218      2,436      5,332      2,427      3,714        945        618        948        794      3,228
Interdistrict settlement account                   0    - 6,568    +22,211    - 4,447    - 5,619    -   214    - 1,970    - 8,569    - 2,355    + 4,194    - 1,928    +10,779    - 5,515
          TOTAL ASSETS                       683,127     31,246    297,036     21,020     31,234     54,037     45,869     68,513     21,096     15,266     17,888     26,209     53,713

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 $      7,168 million of inflation-indexed securities valued at the original face amount and  $        651 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      5,074 million of inflation-indexed securities valued at the original face amount and  $        512 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     22,142 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $          0 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 September 11, 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                         630,961     28,976    282,200     18,824     28,176     46,519     42,311     61,960     19,551     13,672     16,442     24,714     47,618
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,612        727      4,845      1,160        979      2,454      1,502      3,852        755        396        549        650      1,742
  U.S. Treasury--general account                4,516          0      4,516          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          2         51          1          3          7          2          3          1          1          1          1          3
  Other                                           215          7        133          0          2         69          0          0          2          0          1          0          0
    Total deposits                             24,419        736      9,545      1,161        984      2,530      1,505      3,856        758        396        551        651      1,746
Deferred credit items                           8,729        519        871        445        559        664        841        748        268        556        396        386      2,475
Other liabilities and accrued                 
  dividends (2)                                 2,425        147        753        110        140        239        200        260        107         80         97         93        199
    TOTAL LIABILITIES                         666,534     30,376    293,370     20,539     29,859     49,951     44,857     66,824     20,684     14,704     17,487     25,844     52,038
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,253        432      1,769        237        692      2,067        473        836        202        326        199        182        838
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,028         19        394         22         18        262          4         59         62        118         10         19         42
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              683,127     31,246    297,036     21,020     31,234     54,037     45,869     68,513     21,096     15,266     17,888     26,209     53,713
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        748,071     34,235    315,309     26,343     32,627     55,863     58,384     68,484     22,973     15,509     20,604     33,802     63,937
  Less--Held by F.R. Banks                    117,110      5,260     33,109      7,520      4,451      9,344     16,074      6,524      3,422      1,837      4,161      9,089     16,320
  F.R. notes, net                             630,961     28,976    282,200     18,824     28,176     46,519     42,311     61,960     19,551     13,672     16,442     24,714     47,618
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        617,723
     Total collateral                         630,961

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.