Reserve Bank Credit 619,225 + 3,223 + 51,224 623,390

U.S. government securities (1)

Bought outright-system account (2,3) 549,068 + 3,031 + 36,043 549,166

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) 34,257 + 3,253 + 14,639 36,250

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 33 - 57 - 383 4

Seasonal credit 30 - 1 - 118 31

Extended credit 0 0 0 0

Float 601 + 529 - 351 2,391

Other F.R. assets 35,226 - 3,532 + 1,514 35,538

Gold stock 11,045 0 - 1 11,045

Special drawing rights certificate account 2,200 0 - 1,000 2,200

Treasury currency outstanding 33,111 + 14 + 1,800 33,111

Total factors supplying reserve funds 665,581 + 3,237 + 52,024 669,746

Currency in circulation* 622,985 + 1,615 + 46,435 626,282

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

Treasury cash holdings* 436 - 2 + 147 428

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

Treasury 5,603 + 913 + 428 4,627

Foreign 172 + 23 + 80 163

Service-related balances and adjustments (5) 8,242 + 450 + 1,642 8,242

Other 274 + 18 + 36 257

Other F.R. liabilities and capital 17,766 - 201 + 11 17,606

Total factors, other than reserve balances,

absorbing reserve funds 655,478 + 2,815 + 48,780 657,605

Reserve balances with F.R. Banks (6) 10,103 + 422 + 3,244 12,141

FEDERAL RESERVE

 November 23, 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 November 21, 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 $ 740,922 million, a change of $ + 4,554 million for the week. The total includes

$ 608,839 million of U.S. government securities and $ 132,083 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 $ 18,764 million (daily average over statement week) and $ 19,434 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,764 million (daily average) and $ 19,434 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 4,371 million (daily average)

and $ 4,544 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 $ 940 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 $ 7,804 million and adjustments of $ 438 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

Nov 21, 2001 Week ended

Nov 21, 2001 Nov 14, 2001 Nov 22, 2000
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 - 1,000

Coin 1,074 - 33 + 169

Loans 35 + 5 - 111

Acceptances 0 0 0

Repurchase agreements — triparty (1) 36,250 - 1,505 + 11,635

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 184,655 + 1,149 + 772

Notes (3) 261,475 + 935 + 24,230

Bonds (4) 103,035 - 219 + 10,350

Total bought outright (5) 549,166 + 1,866 + 35,353

Held under repurchase agreements 0 0 0

Total U.S. government securities 549,166 + 1,866 + 35,353

Total loans and securities 585,460 + 365 + 46,756

Items in process of collection (1,094) 9,608 - 5,063 + 1,136

Bank premises 1,519 + 1 + 76

Other assets (6) 34,225 - 3,407 + 1,703

 TOTAL ASSETS (1,094) 645,131 - 8,137 + 48,838

LIABILITIES

Federal Reserve notes 594,673 + 3,154 + 44,481

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,627 - 7,198 + 3,357

U.S. Treasury—general account 4,627 - 720 + 214

Foreign—official accounts 163 - 308 + 92

Other ( 0 ) 257 - 5 + 24

Total deposits ( 0 ) 24,674 - 8,230 + 3,687

Deferred availability cash items (1,094) 8,178 - 3,063 + 733

Other liabilities and accrued dividends (7) 2,696 - 48 - 1,672

TOTAL LIABILITIES (1,094) 630,221 - 8,188 + 47,229

CAPITAL ACCOUNTS

Capital paid in 7,281 + 4 + 251

Surplus 6,730 - 5 + 4,051

Other capital accounts 899 + 51 - 2,693

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Nov 22, 2000

Eliminations from

Consolidation Wednesday

Nov 21, 2001

Wednesday

Nov 14, 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 $ 576 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 $ 364 million of compensation

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

5 Net of $ 19,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 4,544 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, November 21, 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 $ 940 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 31 21,887 - 848 0 0 22,250 0

16 days to 90 days 4 115,019 - 2,360 0 0 14,000 0

91 days to 1 year 0 130,027 + 675 0 0 ——— ———

 Over 1 year to 5 years ——— 150,147 + 2,339 10 0 ——— ———

 Over 5 years to 10 years ——— 53,245 + 3,031 0 0 ——— ———

Over 10 years ——— 78,840 - 971 0 0 ——— ———

Total 35 549,166 + 1,866 10 0 36,250 0
 546

 115 55 1 0 0 1 0 11,094 15,710 6,191 32,995 0 32,995 32,996 557 93 1,761 - 1,928 34,195

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on November 21, 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 $ 576 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 $ 364 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 19,434 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 4,544 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 1,074 35 0 36,250 10 0 184,655 261,475 103,035 549,166 0 549,166 585,460 10,702 1,519 34,225 0 646,226

 4,451 874 71 0 0 36,250 4 0 75,641 107,109 42,207 224,956 0 224,956 261,211 986 175 12,403 -21,525 258,644

 454 83 43 0 0 0 0 0 7,585 10,740 4,232 22,556 0 22,556 22,557 539 49 1,178 - 649 24,254

 538 104 65 0 0 0 1 0 10,811 15,308 6,032 32,151 0 32,151 32,151 403 152 2,025 - 1,629 33,810

 741 147 173 0 0 0 1 0 11,031 15,621 6,155 32,807 0 32,807 32,808 1,019 133 4,748 +10,732 50,500

 871 166 117 4 0 0 1 0 12,697 17,980 7,085 37,762 0 37,762 37,767 1,362 286 2,247 + 3,611 46,426

 1,028 212 123 11 0 0 1 0 20,914 29,614 11,670 62,197 0 62,197 62,210 827 110 3,209 + 6,996 74,715

 343 71 58 4 0 0 0 0 6,656 9,424 3,714 19,794 0 19,794 19,798 782 41 909 + 640 22,642

 143 30 33 3 0 0 0 0 576 816 321 1,713 0 1,713 1,716 566 123 665 + 9,708 12,984

 317 66 69 7 0 0 0 0 5,699 8,071 3,180 16,950 0 16,950 16,958 634 49 923 - 950 18,066

 477 98 130 2 0 0 0 0 3,347 4,740 1,868 9,955 0 9,955 9,957 496 137 768 + 3,485 15,548

 1,136 234 138 3 0 0 1 0 18,604 26,343 10,381 55,327 0 55,327 55,332 2,530 172 3,389 - 8,490 54,441
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on November 21, 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.

 594,673 0 19,627 4,627 163 257 24,674 9,272 2,696 631,316 7,281 6,730 899 646,226 746,713 152,040 594,673 11,045 2,200 0 581,428 594,673

 31,102 0 1,479 0 2 1 1,482 578 166 33,328 421 358 88 34,195 35,941 4,838 31,102

 242,782 0 5,798 4,627 139 132 10,696 1,140 872 255,490 1,472 1,468 214 258,644 287,856 45,074 242,782

 22,137 0 919 0 1 0 920 607 123 23,787 222 228 17 24,254 28,829 6,693 22,137

 30,462 0 1,506 0 2 2 1,510 431 160 32,563 613 472 162 33,810 35,451 4,989 30,462

 44,178 0 1,694 0 7 100 1,802 779 239 46,998 1,757 1,679 67 50,500 55,705 11,527 44,178

 43,165 0 1,051 0 2 1 1,054 876 224 45,320 543 495 69 46,426 65,030 21,865 43,165

 68,600 0 3,506 0 3 1 3,510 724 287 73,120 775 632 188 74,715 75,634 7,034 68,600

 21,365 0 562 0 1 0 563 284 115 22,327 149 138 28 22,642 24,116 2,751 21,365

 11,717 0 344 0 1 0 345 580 62 12,704 179 101 0 12,984 14,095 2,379 11,717

 16,507 0 573 0 1 15 589 473 109 17,678 189 179 21 18,066 20,895 4,389 16,507

 14,140 0 555 0 1 1 557 403 92 15,192 163 188 5 15,548 33,259 19,119 14,140

 48,519 0 1,639 0 3 3 1,646 2,396 248 52,809 798 792 41 54,441 69,902 21,383 48,519