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

FEDERAL RESERVE

 September 12, 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 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.

Change from week ended Wednesday

Sep 11, 2002 Week ended

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

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 12, 2001

Eliminations from

Consolidation Wednesday

Sep 11, 2002

Wednesday

 Sep 4, 2002

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.

Maturity Distribution of Loans and Securities, September 11, 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 $ 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.

Reverse

Repurchase

Agreements—

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 year to 5 years ——— 175,654 + 1 10 0 ——— ———

 Over 5 years 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
 533

 115 41 0 0 0 1 0 11,682 16,881 6,073 34,636 0 34,636 34,636 513 91 1,884 - 6,568 31,246

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on September 11, 2002Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

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 secu2 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 ef

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 e

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 $ 

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.

 11,038 2,200 1,028 162 0 18,000 10 0 203,886 294,643 105,991 604,520 0 604,520 622,692 8,445 1,520 36,204 0 683,127

 4,363 874 49 0 0 18,000 4 0 80,221 115,931 41,703 237,855 0 237,855 255,859 839 183 12,659 +22,211 297,036

 430 83 47 0 0 0 0 0 7,840 11,330 4,076 23,246 0 23,246 23,246 394 49 1,218 - 4,447 21,020

 522 104 53 1 0 0 1 0 11,249 16,257 5,848 33,354 0 33,354 33,355 231 152 2,436 - 5,619 31,234

 819 147 135 0 0 0 1 0 15,902 22,980 8,267 47,148 0 47,148 47,149 540 130 5,332 - 214 54,037

 926 166 135 8 0 0 1 0 14,517 20,980 7,547 43,044 0 43,044 43,053 853 279 2,427 - 1,970 45,869

 1,080 212 135 26 0 0 1 0 23,993 34,674 12,473 71,140 0 71,140 71,167 663 111 3,714 - 8,569 68,513

 346 71 59 31 0 0 0 0 7,250 10,477 3,769 21,495 0 21,495 21,526 460 43 945 - 2,355 21,096

 1        3,1 4,6 1,6 9,4  9,4 9,5 5 1 6 + 4,1 15,2
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on September 11, 2002Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

 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 

arrangements and excludes the par value of securities pledged under reverse repurchase agreements.

Components may not add to totals due to rounding.

 630,961 0 19,612 4,516 75 215 24,419 8,729 2,425 666,534 8,253 7,312 1,028 683,127 748,071 117,110 630,961 11,038 2,200 0 617,723 630,961

 28,976 0 727 0 2 7 736 519 147 30,376 432 418 19 31,246 34,235 5,260 28,976

 282,200 0 4,845 4,516 51 133 9,545 871 753 293,370 1,769 1,504 394 297,036 315,309 33,109 282,200

 18,824 0 1,160 0 1 0 1,161 445 110 20,539 237 221 22 21,020 26,343 7,520 18,824

 28,176 0 979 0 3 2 984 559 140 29,859 692 665 18 31,234 32,627 4,451 28,176

 46,519 0 2,454 0 7 69 2,530 664 239 49,951 2,067 1,757 262 54,037 55,863 9,344 46,519

 42,311 0 1,502 0 2 0 1,505 841 200 44,857 473 535 4 45,869 58,384 16,074 42,311

 61,960 0 3,852 0 3 0 3,856 748 260 66,824 836 793 59 68,513 68,484 6,524 61,960

 19,551 0 755 0 1 2 758 268 107 20,684 202 149 62 21,096 22,973 3,422 19,551

 13,6  3    3 5  14,7 3 1 1 15,2 15,5 1,8 13,6