Reserve Bank Credit 619,750 - 3,014 + 46,875 633,977

U.S. government securities (1)

Bought outright-system account (2,3) 551,513 + 1,073 + 37,798 553,524

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) 31,500 - 3,071 + 8,879 42,500

Acceptances 0 0 0 0

Loans to depository institutions

Adjustment credit 43 + 35 + 39 83

Seasonal credit 34 0 - 90 35

Extended credit 0 0 0 0

Float 389 - 1,304 - 1,313 1,360

Other F.R. assets 36,262 + 255 + 1,683 36,465

Gold stock 11,045 0 - 1 11,045

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

Treasury currency outstanding 33,153 + 14 + 1,660 33,153

Total factors supplying reserve funds 666,149 - 2,999 + 47,535 680,375

Currency in circulation* 627,038 + 1,565 + 46,852 629,822

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

Treasury cash holdings* 441 + 6 + 37 443

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

Treasury 5,008 - 492 - 374 4,592

Foreign 154 - 240 + 79 294

Service-related balances and adjustments (5) 8,756 + 224 + 1,776 8,756

Other 240 - 5 - 4 216

Other F.R. liabilities and capital 17,885 - 163 - 622 17,764

Total factors, other than reserve balances,

absorbing reserve funds 659,521 + 894 + 47,743 661,886

Reserve balances with F.R. Banks (6) 6,628 - 3,893 - 208 18,489

FEDERAL RESERVE

 December 13, 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 December 12, 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 $ 733,487 million, a change of $ - 546 million for the week. The total includes

$ 603,406 million of U.S. government securities and $ 130,081 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 $ 20,225 million (daily average over statement week) and $ 18,344 million (outstanding on Wednesday statement date)

matched sale-purchase transactions, of which $ 18,461 million (daily average) and $ 18,344 million (outstanding on Wednesday

statement date) were with foreign official and international accounts. Includes securities loans of $ 4,000 million (daily average)

and $ 6,171 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 $ 943 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 $ 8,247 million and adjustments of $ 509 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

Dec 12, 2001 Week ended

Dec 12, 2001 Dec 5, 2001 Dec 13, 2000
ASSETS

Gold certificate account 11,045 0 - 1

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

Coin 1,070 + 21 + 122

Loans 118 + 79 - 15

Acceptances 0 0 0

Repurchase agreements — triparty (1) 42,500 + 14,500 + 15,240

Federal agency obligations (2)

Bought outright 10 0 - 120

Held under repurchase agreements 0 0 0

U.S. government securities (2)

Bought outright—Bills 186,591 + 774 + 3,385

Notes (3) 263,846 - 5 + 24,719

Bonds (4) 103,087 - 3 + 10,304

Total bought outright (5) 553,524 + 766 + 38,409

Held under repurchase agreements 0 0 0

Total U.S. government securities 553,524 + 766 + 38,409

Total loans and securities 596,152 + 15,345 + 53,513

Items in process of collection ( 7 9 6 ) 10,069 - 708 - 1,979

Bank premises 1,518 - 2 + 76

Other assets (6) 34,936 + 228 + 1,605

 TOTAL ASSETS ( 7 9 6 ) 656,989 + 14,884 + 52,335

LIABILITIES

Federal Reserve notes 598,181 + 2,987 + 45,764

Reverse repurchase agreements — triparty (1) 0 0 0

Deposits

Depository institutions 27,731 + 12,878 + 6,914

U.S. Treasury—general account 4,592 - 196 - 355

Foreign—official accounts 294 + 208 + 222

Other ( 3 0 ) 216 - 27 - 32

Total deposits ( 3 0 ) 32,834 + 12,864 + 6,750

Deferred availability cash items (766) 8,210 - 1,015 + 458

Other liabilities and accrued dividends (7) 2,664 - 17 - 1,958

TOTAL LIABILITIES ( 7 9 6 ) 641,889 + 14,819 + 51,013

CAPITAL ACCOUNTS

Capital paid in 7,365 + 8 + 262

Surplus 6,728 - 2 + 4,049

Other capital accounts 1,007 + 58 - 2,988

H.4.1(a)

Consolidated Statement of Condition of all Federal Reserve Banks

Millions of dollars

Change Since

Wednesday

Dec 13, 2000

Eliminations from

Consolidation Wednesday

Dec 12, 2001

Wednesday

 Dec 5, 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 $ 578 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 $ 365 million of compensation

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

5 Net of $ 18,344 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities

loans of $ 6,171 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, December 12, 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 $ 943 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 94 15,940 + 862 0 0 31,500 0

16 days to 90 days 24 124,812 - 393 0 0 11,000 0

91 days to 1 year 0 129,591 + 305 0 0 ——— ———

 Over 1 year to 5 years ——— 151,093 0 10 0 ——— ———

 Over 5 years to 10 years ——— 53,247 - 4 0 0 ——— ———

Over 10 years ——— 78,842 - 3 0 0 ——— ———

Total 118 553,524 + 766 10 0 42,500 0
 546

 115 53 3 0 0 1 0 11,211 15,852 6,194 33,257 0 33,257 33,260 629 92 1,796 - 2,716 33,776

H.4.1 (b)Statement of Condition of Each Federal Reserve Bank on December 12, 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 $ 578 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 $ 365 million of compensation that adjusts for the effects of inflation on the

principal of such securities.

5 Net of $ 18,344 million matched sale-purchase transactions outstanding at the end of the latest statement week. Includes securities loans of $ 6,171 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 1,070 118 0 42,500 10 0 186,591 263,846 103,087 553,524 0 553,524 596,152 10,865 1,518 34,936 0 657,785

 4,451 874 66 75 0 42,500 4 0 76,434 108,080 42,228 226,742 0 226,742 269,321 939 177 12,685 -23,321 265,191

 454 83 39 1 0 0 0 0 7,664 10,837 4,234 22,735 0 22,735 22,737 485 49 1,275 - 1,744 23,378

 538 104 65 1 0 0 1 0 10,924 15,447 6,035 32,406 0 32,406 32,407 348 152 2,059 - 80 35,594

 741 147 171 0 0 0 1 0 11,147 15,762 6,158 33,068 0 33,068 33,068 949 133 4,771 +12,270 52,250

 871 166 121 3 0 0 1 0 12,831 18,143 7,089 38,062 0 38,062 38,066 1,585 286 2,295 + 4,575 47,964

 1,028 212 120 11 0 0 1 0 21,133 29,883 11,675 62,691 0 62,691 62,703 747 107 3,287 + 5,172 73,378

 343 71 59 3 0 0 0 0 6,725 9,510 3,716 19,951 0 19,951 19,954 473 42 928 + 730 22,600

 143 30 34 4 0 0 0 0 582 823 322 1,727 0 1,727 1,731 638 123 664 +11,970 15,334

 317 66 72 8 0 0 0 0 5,759 8,144 3,182 17,085 0 17,085 17,093 605 49 943 - 533 18,612

 477 98 129 0 0 0 0 0 3,383 4,783 1,869 10,034 0 10,034 10,035 780 137 781 + 2,290 14,725

 1,136 234 140 8 0 0 1 0 18,799 26,582 10,386 55,766 0 55,766 55,775 2,687 172 3,451 - 8,612 54,983
H.4.1 (c)

Statement of Condition of Each Federal Reserve Bank on December 12, 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.

 598,181 0 27,731 4,592 294 246 32,863 8,977 2,664 642,685 7,365 6,728 1,007 657,785 751,210 153,029 598,181 11,045 2,200 0 584,936 598,181

 31,190 0 957 0 2 1 960 599 165 32,914 418 358 85 33,776 36,122 4,932 31,190

 247,667 0 7,503 4,592 270 136 12,502 963 847 261,979 1,504 1,468 240 265,191 292,143 44,475 247,667

 21,763 0 488 0 1 1 490 536 122 22,912 221 228 17 23,378 28,636 6,873 21,763

 30,591 0 3,116 0 2 2 3,120 369 160 34,241 665 472 217 35,594 35,406 4,815 30,591

 43,871 0 3,743 0 7 59 3,809 807 242 48,730 1,756 1,679 85 52,250 55,523 11,651 43,871

 44,139 0 1,606 0 2 0 1,608 903 224 46,874 535 495 60 47,964 64,442 20,303 44,139

 67,745 0 3,134 0 3 1 3,138 616 279 71,778 776 632 193 73,378 75,469 7,724 67,745

 21,048 0 852 0 1 1 854 272 114 22,287 149 138 27 22,600 24,145 3,098 21,048

 13,206 0 1,249 0 1 2 1,252 531 67 15,056 180 99 0 15,334 15,469 2,263 13,206

 16,692 0 1,051 0 1 42 1,094 326 108 18,220 191 179 22 18,612 21,271 4,579 16,692

 13,098 0 757 0 1 1 760 418 93 14,368 163 188 5 14,725 32,943 19,846 13,098

 47,170 0 3,274 0 3 1 3,278 2,636 244 53,328 807 792 55 54,983 69,641 22,471 47,170