Reserve Bank Credit 661,675 + 6,027 + 44,989 667,222

U.S. government securities (1)

Bought outright-system account (2,3) 609,633 + 523 + 68,311 610,360

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) 12,536 + 5,107 - 20,618 13,750

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 5 - 40 - 2 30

Seasonal credit 124 - 12 + 57 129

Extended credit 0 0 0 0

Float 671 + 218 - 244 4,286

Other F.R. assets 38,696 + 230 - 2,517 38,657

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding 34,149 + 14 + 1,182 34,149

Total factors supplying reserve funds 709,066 + 6,040 + 46,168 714,614

Currency in circulation* 664,218 + 2,729 + 48,179 664,828

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

Treasury cash holdings* 384 + 8 - 58 399

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

Treasury 4,327 - 779 - 395 4,592

Foreign 77 - 39 - 555 75

Service-related balances and adjustments (5) 10,298 + 7 + 2,202 10,298

Other 216 - 36 - 41 215

Other F.R. liabilities and capital 19,535 + 9 + 1,577 19,283

Total factors, other than reserve balances,

absorbing reserve funds 699,054 + 1,897 + 50,908 699,691

Reserve balances with F.R. Banks (6) 10,012 + 4,143 - 4,740 14,923

FEDERAL RESERVE

 October 17, 2002

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

Millions of dollars

Averages of daily figures

Reserve balances of depository institutions at

F.R. Banks, Reserve Bank credit, and related items

On October 16, 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 $ 806,678 million, a change of $ - 1,290 million for the week. The total includes

$ 655,304 million of U.S. government securities and $ 151,374 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 $ 18,798 million (daily average over statement week) and $ 18,076 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,798 million (daily average) and $ 18,076 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 2,282 million (daily average)

and $ 1,190 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 $ 1,195 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 $ 9,998 million and adjustments of $ 300 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

Oct 16, 2002 Week ended

Oct 16, 2002 Oct 9, 2002 Oct 17, 2001
ASSETS

Gold certificate account 11,038 0 - 7

Special drawing rights certificate account 2,200 0 0

Coin 1,059 - 13 - 46

Loans 159 + 22 + 94

Acceptances 0 0 0

Repurchase agreements — triparty (1) 13,750 + 6,750 - 23,295

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 208,357 + 835 + 24,984

Notes (3) 295,895 + 6 + 37,506

Bonds (4) 106,108 + 4 + 3,847

Total bought outright (5) 610,360 + 844 + 66,336

Held under repurchase agreements 0 0 0

Total U.S. government securities 610,360 + 844 + 66,336

Total loans and securities 624,280 + 7,617 + 43,136

Items in process of collection (1,605) 16,095 + 8,578 + 7,998

Bank premises 1,526 + 3 + 15

Other assets (6) 37,138 - 52 + 627

 TOTAL ASSETS (1,605) 693,335 + 16,132 + 51,723

LIABILITIES

Federal Reserve notes 632,133 + 1,433 + 47,397

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 25,470 + 10,401 + 175

U.S. Treasury—general account 4,592 + 191 - 446

Foreign—official accounts 75 - 1 - 669

Other ( 0 ) 215 - 43 - 41

Total deposits ( 0 ) 30,353 + 10,550 - 980

Deferred availability cash items (1,605) 11,567 + 4,289 + 3,757

Other liabilities and accrued dividends (7) 2,393 - 61 - 454

TOTAL LIABILITIES (1,605) 676,445 + 16,211 + 49,720

CAPITAL ACCOUNTS

Capital paid in 8,270 + 2 + 999

Surplus 7,312 0 + 568

Other capital accounts 1,309 - 80 + 437

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Oct 17, 2001

Eliminations from

Consolidation Wednesday

Oct 16, 2002

Wednesday

 Oct 9, 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 $ 670 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 $ 525 million of compensation

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

5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 1,190 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, October 16, 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 $ 1,195 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 101 24,991 + 6,722 0 0 11,750 0

16 days to 90 days 58 130,389 - 5,003 0 0 2,000 0

91 days to 1 year 0 144,915 - 885 0 0 ——— ———

 Over 1 year to 5 years ——— 176,887 + 1 10 0 ——— ———

 Over 5 years to 10 years ——— 51,448 + 4 0 0 ——— ———

Over 10 years ——— 81,730 + 4 0 0 ——— ———

Total 159 610,360 + 844 10 0 13,750 0
 533

 115 46 0 0 0 1 0 11,938 16,953 6,079 34,970 0 34,970 34,971 1,097 91 1,941 - 4,585 34,210

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on October 16, 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 $ 670 million of compensation that adjusts for the eff

principal of such securities.

4 Includes $ 5,074 million of inflation-indexed securities valued at the original face amount and $ 525 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 1,190 

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 1,059 159 0 13,750 10 0 208,357 295,895 106,108 610,360 0 610,360 624,280 17,699 1,526 37,138 0 694,940

 4,363 874 52 0 0 13,750 4 0 81,980 116,423 41,750 240,153 0 240,153 253,907 1,549 183 13,090 +30,311 304,329

 430 83 50 0 0 0 0 0 8,012 11,378 4,080 23,470 0 23,470 23,470 1,192 49 1,190 - 6,529 19,935

 522 104 52 0 0 0 1 0 11,496 16,326 5,855 33,677 0 33,677 33,677 865 152 2,486 - 5,693 32,166

 819 147 141 0 0 0 1 0 16,250 23,078 8,276 47,604 0 47,604 47,604 1,515 129 5,397 + 1,636 57,389

 926 166 133 9 0 0 1 0 14,836 21,069 7,555 43,460 0 43,460 43,470 2,200 279 2,492 - 4,329 45,338

 1,080 212 133 22 0 0 1 0 24,519 34,821 12,487 71,827 0 71,827 71,851 1,514 115 3,829 -13,589 65,145

 346 71 62 24 0 0 0 0 7,409 10,521 3,773 21,703 0 21,703 21,727 887 43 985 - 3,148 20,973

 1        3,2 4,6 1,6 9,5  9,5 9,5 8 1 6 + 4,0 15,4
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on October 16, 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.

 632,133 0 25,470 4,592 75 215 30,353 13,171 2,393 678,049 8,270 7,312 1,309 694,940 750,752 118,619 632,133 11,038 2,200 0 618,895 632,133

 28,803 0 3,446 0 2 7 3,455 924 145 33,327 432 418 34 34,210 34,057 5,254 28,803

 287,811 0 6,023 4,592 52 138 10,804 1,268 742 300,625 1,769 1,504 431 304,329 321,106 33,295 287,811

 17,984 0 563 0 1 0 564 793 106 19,446 237 221 30 19,935 26,077 8,093 17,984

 28,144 0 1,347 0 3 2 1,352 1,130 138 30,763 692 665 46 32,166 32,655 4,511 28,144

 46,524 0 5,288 0 7 58 5,354 1,117 245 53,240 2,069 1,757 323 57,389 55,775 9,252 46,524

 41,232 0 1,844 0 2 0 1,846 1,032 195 44,304 474 535 26 45,338 57,636 16,404 41,232

 60,230 0 1,970 0 3 4 1,977 948 254 63,408 847 793 96 65,145 67,547 7,317 60,230

 19,400 0 626 0 1 3 630 424 106 20,560 199 149 66 20,973 22,711 3,311 19,400

 13,5  4    4 7  14,9 3 1 1 15,4 15,3 1,7 13,5