Reserve Bank Credit 631,596 - 11,205 + 53,246 633,428

U.S. government securities (1)

Bought outright-system account (2,3) 556,350 + 2,506 + 42,238 557,614

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) 36,929 - 13,785 + 9,813 37,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 155 + 145 + 70 1,005

Seasonal credit 12 - 19 - 24 8

Extended credit 0 0 0 0

Float 933 - 198 + 181 -80

Other F.R. assets 37,208 + 148 + 1,089 37,371

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,209 + 14 + 1,464 33,209

Total factors supplying reserve funds 678,050 - 11,191 + 54,709 679,883

Currency in circulation* 639,058 - 4,164 + 50,547 636,394

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

Treasury cash holdings* 428 + 2 - 26 435

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

Treasury 5,053 - 929 + 258 5,107

Foreign 104 - 26 - 4 81

Service-related balances and adjustments (5) 8,869 - 219 + 1,913 8,869

Other 187 - 215 + 8 184

Other F.R. liabilities and capital 17,446 + 36 - 536 17,409

Total factors, other than reserve balances,

absorbing reserve funds 671,145 - 5,515 + 52,160 668,478

Reserve balances with F.R. Banks (6) 6,904 - 5,678 + 2,548 11,405

FEDERAL RESERVE

 January 10, 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 9, 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 $ 729,156 million, a change of $ - 3,486 million for the week. The total includes

$ 596,825 million of U.S. government securities and $ 132,331 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 $ 19,589 million (daily average over statement week) and $ 19,184 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 19,589 million (daily average) and $ 19,184 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 4,604 million (daily average)

and $ 2,478 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 $ 955 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 $ 8,552 million and adjustments of $ 317 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 9, 2002 Week ended

 Jan 9, 2002 Jan 2, 2002 Jan 10, 2001
ASSETS

Gold certificate account 11,045 0 - 1

Special drawing rights certificate account 2,200 0 0

Coin 1,053 + 17 + 98

Loans 1,013 + 981 + 981

Acceptances 0 0 0

Repurchase agreements — triparty (1) 37,500 - 12,000 + 9,625

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 186,221 + 975 + 2,856

Notes (3) 267,736 + 1,796 + 28,544

Bonds (4) 103,658 - 2 + 10,737

Total bought outright (5) 557,614 + 2,769 + 42,136

Held under repurchase agreements 0 0 0

Total U.S. government securities 557,614 + 2,769 + 42,136

Total loans and securities 596,138 - 8,249 + 52,622

Items in process of collection (1,173) 9,080 + 1,617 + 932

Bank premises 1,511 0 + 49

Other assets (6) 35,973 + 473 + 1,109

 TOTAL ASSETS (1,173) 657,000 - 6,141 + 54,810

LIABILITIES

Federal Reserve notes 604,673 - 7,206 + 48,920

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 21,572 + 1,172 + 6,694

U.S. Treasury—general account 5,107 - 2,293 - 53

Foreign—official accounts 81 - 15 - 41

Other ( 0 ) 184 - 41 + 10

Total deposits ( 0 ) 26,943 - 1,179 + 6,609

Deferred availability cash items (1,173) 7,975 + 2,054 - 143

Other liabilities and accrued dividends (7) 2,362 - 14 - 1,777

TOTAL LIABILITIES (1,173) 641,953 - 6,345 + 53,608

CAPITAL ACCOUNTS

Capital paid in 7,419 + 45 + 420

Surplus 7,272 - 11 + 1,083

Other capital accounts 356 + 170 - 302

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Jan 10, 2001

Eliminations from

Consolidation Wednesday

 Jan 9, 2002

Wednesday

 Jan 2, 2002

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 $ 563 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 $ 392 million of compensation

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

5 Net of $ 19,184 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,478 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 9, 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 $ 955 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 1,008 16,267 + 1,586 0 0 31,500 0

16 days to 90 days 5 122,280 - 1,443 0 0 6,000 0

91 days to 1 year 0 131,458 + 831 0 0 ——— ———

 Over 1 year to 5 years ——— 154,956 + 1,798 10 0 ——— ———

 Over 5 years to 10 years ——— 53,336 - 2 0 0 ——— ———

Over 10 years ——— 79,317 - 2 0 0 ——— ———

Total 1,013 557,614 + 2,769 10 0 37,500 0
 546

 115 55 0 0 0 1 0 11,189 16,086 6,228 33,503 0 33,503 33,503 637 91 1,858 - 2,711 34,095

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on January 9, 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 $ 563 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 $ 392 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 19,184 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,478 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 1,053 1,013 0 37,500 10 0 186,221 267,736 103,658 557,614 0 557,614 596,138 10,253 1,511 35,973 0 658,173

 4,451 874 60 0 0 37,500 4 0 76,282 109,673 42,462 228,417 0 228,417 265,921 1,179 177 13,148 -14,862 270,948

 454 83 45 0 0 0 0 0 7,649 10,997 4,258 22,903 0 22,903 22,904 496 49 1,313 - 2,646 22,698

 538 104 58 860 0 0 1 0 10,902 15,675 6,069 32,645 0 32,645 33,506 432 151 2,112 - 2,084 34,818

 741 147 165 0 0 0 1 0 11,125 15,995 6,193 33,312 0 33,312 33,313 877 132 4,778 +10,137 50,289

 871 166 120 140 0 0 1 0 12,805 18,410 7,128 38,343 0 38,343 38,484 1,040 281 2,365 + 4,417 47,745

 1,028 212 118 8 0 0 1 0 21,091 30,323 11,740 63,154 0 63,154 63,163 758 105 3,477 + 3,851 72,712

 343 71 59 4 0 0 0 0 6,712 9,650 3,736 20,098 0 20,098 20,103 572 43 968 + 285 22,444

 143 30 32 1 0 0 0 0 581 835 323 1,740 0 1,740 1,740 738 123 655 +12,461 15,922

 317 66 68 0 0 0 0 0 5,748 8,264 3,199 17,211 0 17,211 17,211 591 49 971 - 776 18,497

 477 98 131 0 0 0 0 0 3,376 4,854 1,879 10,109 0 10,109 10,109 571 137 792 + 2,338 14,653

 1,136 234 142 0 0 0 1 0 18,761 26,974 10,443 56,178 0 56,178 56,179 2,363 171 3,536 -10,410 53,352
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on January 9, 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.

 604,673 0 21,572 5,107 81 184 26,943 9,148 2,362 643,126 7,419 7,272 356 658,173 750,317 145,644 604,673 11,045 2,200 0 591,428 604,673

 31,594 0 847 0 2 1 850 646 147 33,237 419 418 22 34,095 35,897 4,303 31,594

 253,175 0 7,366 5,107 57 135 12,665 1,160 764 267,763 1,503 1,504 177 270,948 294,381 41,207 253,175

 21,203 0 402 0 1 0 404 523 111 22,241 221 221 14 22,698 28,243 7,039 21,203

 30,294 0 2,693 0 2 0 2,696 344 136 33,470 665 665 19 34,818 35,015 4,721 30,294

 44,585 0 1,120 0 7 37 1,164 826 203 46,779 1,758 1,752 0 50,289 55,249 10,663 44,585

 44,326 0 1,319 0 2 2 1,323 892 196 46,736 451 535 23 47,745 64,002 19,676 44,326

 67,618 0 2,570 0 3 1 2,574 640 255 71,086 793 793 39 72,712 74,658 7,040 67,618

 21,160 0 583 0 1 0 584 280 107 22,131 149 149 15 22,444 23,998 2,837 21,160

 13,958 0 850 0 1 0 851 660 60 15,529 309 84 0 15,922 16,073 2,115 13,958

 16,673 0 858 0 1 4 863 471 98 18,104 191 191 11 18,497 21,038 4,366 16,673

 13,085 0 734 0 1 1 736 417 84 14,323 164 164 2 14,653 32,834 19,749 13,085

 47,002 0 2,229 0 3 1 2,233 2,290 201 51,726 795 796 35 53,352 68,929 21,928 47,002