Reserve Bank Credit 655,957 - 1,960 + 44,703 660,224

U.S. government securities (1)

Bought outright-system account (2,3) 605,242 + 128 + 74,244 606,248

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) 12,214 - 3,286 - 27,119 15,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 1 - 6 - 1,064 2

Seasonal credit 168 + 6 + 101 174

Extended credit 0 0 0 0

Float 75 + 830 - 1,925 -158

Other F.R. assets 38,247 + 367 + 467 38,449

Gold stock 11,042 0 - 1 11,042

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

Treasury currency outstanding 34,107 + 14 + 1,150 34,107

Total factors supplying reserve funds 703,307 - 1,945 + 45,852 707,574

Currency in circulation* 659,523 - 1,442 + 46,602 660,569

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

Treasury cash holdings* 372 + 8 - 57 380

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

Treasury 6,832 + 1,059 - 1,630 7,209

Foreign 80 - 26 - 525 75

Service-related balances and adjustments (5) 10,245 + 128 + 2,106 10,245

Other 234 + 16 - 64 232

Other F.R. liabilities and capital 19,423 + 249 + 636 19,276

Total factors, other than reserve balances,

absorbing reserve funds 696,709 - 7 + 47,067 697,987

Reserve balances with F.R. Banks (6) 6,598 - 1,938 - 1,215 9,586

FEDERAL RESERVE

 September 26, 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 September 25, 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 $ 804,435 million, a change of $ - 4,290 million for the week. The total includes

$ 650,160 million of U.S. government securities and $ 154,275 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 $ 23,138 million (daily average over statement week) and $ 22,164 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 22,388 million (daily average) and $ 22,164 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 468 million (daily average)

and $ 2,877 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 $ 1,170 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 $ 9,939 million and adjustments of $ 306 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 25, 2002 Week ended

Sep 25, 2002 Sep 18, 2002 Sep 26, 2001
ASSETS

Gold certificate account 11,038 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,066 + 14 - 50

Loans 175 + 7 + 80

Acceptances 0 0 0

Repurchase agreements — triparty (1) 15,500 - 1,250 - 35,790

Federal agency obligations (2)

Bought outright 10 0 0

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 204,269 - 28 + 36,487

Notes (3) 295,881 + 2 + 38,849

Bonds (4) 106,098 + 1 + 4,095

Total bought outright (5) 606,248 - 24 + 79,431

Held under repurchase agreements 0 0 0

Total U.S. government securities 606,248 - 24 + 79,431

Total loans and securities 621,933 - 1,267 + 43,721

Items in process of collection (1,240) 6,858 - 493 - 1,035

Bank premises 1,522 - 1 + 12

Other assets (6) 36,962 + 286 + 618

 TOTAL ASSETS (1,240) 681,578 - 1,462 + 43,260

LIABILITIES

Federal Reserve notes 627,903 - 842 + 45,774

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 19,955 - 94 - 572

U.S. Treasury—general account 7,209 + 34 - 2,459

Foreign—official accounts 75 - 64 - 560

Other ( 0 ) 232 + 17 - 5

Total deposits ( 0 ) 27,471 - 107 - 3,596

Deferred availability cash items (1,240) 6,927 - 529 - 436

Other liabilities and accrued dividends (7) 2,432 + 40 - 512

TOTAL LIABILITIES (1,240) 664,735 - 1,437 + 41,233

CAPITAL ACCOUNTS

Capital paid in 8,254 + 2 + 1,046

Surplus 7,312 0 + 552

Other capital accounts 1,278 - 26 + 430

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Sep 26, 2001

Eliminations from

Consolidation Wednesday

Sep 25, 2002

Wednesday

Sep 18, 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 $ 655 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 $ 515 million of compensation

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

5 Net of $ 22,164 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 2,877 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 25, 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 $ 1,170 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 152 24,435 - 1,585 0 0 13,500 0

16 days to 90 days 24 125,775 + 2,196 0 0 2,000 0

91 days to 1 year 0 147,227 - 638 0 0 ——— ———

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

 Over 5 years to 10 years ——— 51,437 + 1 0 0 ——— ———

Over 10 years ——— 81,720 + 2 0 0 ——— ———

Total 175 606,248 - 24 10 0 15,500 0
 533

 115 43 0 0 0 1 0 11,704 16,952 6,079 34,735 0 34,735 34,735 419 91 1,928 - 6,949 30,916

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on September 25, 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 $ 655 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 $ 515 million of compensation that adjusts for the ef

principal of such securities.

5 Net of $ 22,164 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 2,877 

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 1,066 175 0 15,500 10 0 204,269 295,881 106,098 606,248 0 606,248 621,933 8,098 1,522 36,962 0 682,819

 4,363 874 51 0 0 15,500 4 0 80,372 116,417 41,745 238,535 0 238,535 254,039 747 181 12,986 +28,194 301,435

 430 83 50 0 0 0 0 0 7,855 11,377 4,080 23,312 0 23,312 23,312 400 49 1,245 - 5,106 20,463

 522 104 56 0 0 0 1 0 11,271 16,325 5,854 33,450 0 33,450 33,450 197 153 2,472 - 4,697 32,257

 819 147 141 0 0 0 1 0 15,931 23,077 8,275 47,283 0 47,283 47,284 518 130 5,384 - 783 53,641

 926 166 139 8 0 0 1 0 14,545 21,068 7,555 43,167 0 43,167 43,176 764 279 2,476 - 3,024 44,903

 1,080 212 134 31 0 0 1 0 24,038 34,819 12,486 71,343 0 71,343 71,376 545 112 3,807 -11,276 65,989

 346 71 62 29 0 0 0 0 7,263 10,521 3,773 21,557 0 21,557 21,586 366 43 974 - 2,774 20,675

 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 25, 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.

 627,903 0 19,955 7,209 75 232 27,471 8,168 2,432 665,975 8,254 7,312 1,278 682,819 751,047 123,143 627,903 11,038 2,200 0 614,666 627,903

 28,419 0 948 0 2 6 956 509 149 30,034 432 418 32 30,916 34,062 5,643 28,419

 283,533 0 5,287 7,209 52 137 12,685 754 745 297,716 1,769 1,504 445 301,435 318,767 35,235 283,533

 18,522 0 857 0 1 0 858 484 109 19,973 238 221 31 20,463 26,316 7,794 18,522

 28,080 0 2,311 0 3 2 2,315 323 138 30,857 692 665 43 32,257 32,702 4,622 28,080

 46,215 0 2,323 0 7 81 2,410 624 255 49,504 2,067 1,757 312 53,641 56,078 9,863 46,215

 41,593 0 1,297 0 2 1 1,300 774 203 43,871 473 535 24 44,903 58,347 16,753 41,593

 60,576 0 2,762 0 3 1 2,765 671 259 64,271 837 793 88 65,989 67,792 7,216 60,576

 19,275 0 637 0 1 2 640 243 107 20,265 199 149 62 20,675 22,838 3,563 19,275

 13,6  3    3 5  14,6 3 1 1 15,2 15,4 1,7 13,6