Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 711,299 + 6,886 + 67,312 723,333

Securities held outright 645,669 + 1,729 + 67,327 646,795

U.S. Treasury1 645,659 + 1,729 + 67,327 646,785

Bills2 235,713 + 668 + 43,012 235,814

Notes and bonds, nominal2 395,760 + 1,035 + 22,269 396,776

Notes and bonds, inflation-indexed2 12,814 0 + 1,684 12,814

Inflation compensation3 1,371 + 26 + 361 1,380

Federal agency2 10 0 0 10

Repurchase agreements4 26,821 + 4,928 - 1,379 38,000

Loans to depository institutions 36 + 7 - 16 46

Primary credit 16 + 3 + 16 23

Secondary credit 0 0 0 0

Seasonal credit 20 + 4 - 28 23

Adjustment credit 0 0 - 4 0

Float -273 - 227 + 451 -614

Other Federal Reserve assets 39,046 + 449 + 929 39,106

Gold stock 11,043 0 - 1 11,043

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

Treasury currency outstanding5 34,794 + 14 + 1,123 34,794

Total factors supplying reserve funds 759,336 + 6,900 + 68,434 771,370

Currency in circulation5 687,584 + 650 + 43,748 688,893

Reverse repurchase agreements6 20,745 + 92 + 20,745 19,801

Foreign official and international accounts 20,745 + 414 + 20,745 19,801

Dealers 0 - 321 0 0

Treasury cash holdings 357 + 4 - 46 361

Deposits with F.R. Banks, other than reserve balances 17,811 - 859 + 1,443 20,137

U.S. Treasury, general account 6,470 - 58 + 513 8,821

Foreign official 120 + 2 + 4 101

Service-related 10,979 - 764 + 926 10,979

Required clearing balances 10,820 0 + 1,001 10,820

Adjustments to compensate for float 160 - 763 - 73 160

Other 241 - 40 - 1 236

Other liabilities and capital 19,941 + 81 + 1,205 19,871

Total factors, other than reserve balances,

absorbing reserve funds 746,439 - 30 + 67,096 749,063

Reserve balances with Federal Reserve Banks 12,897 + 6,930 + 1,339 22,308

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 898,198 - 368 . . . 892,976

U.S. Treasury 720,056 - 526 . . . 717,312

Federal agency 178,143 + 159 . . . 175,665

Securities lent to dealers 450 + 134 - 165 824

FEDERAL RESERVE statistical release

 April 17, 2003

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

Note: Components may not sum to totals because of rounding.

. . . Not available.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Estimated.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes U.S. Treasury STRIPS and other zero coupon bonds at face value.

Sources: Federal Reserve Banks and the U.S. Department of the Treasury.

Change from week ended Wednesday

 Apr 16, 2003 Week ended

 Apr 16, 2003 Apr 9, 2003 Apr 17, 2002
Note: Components may not sum to totals because of rounding.

1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.

2. Face value of the securities.

3. Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities.

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.

5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

6. Cash value of agreements, which are collateralized by U.S. Treasury securities.

7. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

Assets

Gold certificate account 11,038 0 - 6

Special drawing rights certificate account 2,200 0 0

Coin 1,056 - 22 + 38

Securities, repurchase agreements, and loans 684,841 + 18,474 + 77,535

Securities held outright 646,795 + 1,711 + 66,739

U.S. Treasury1 646,785 + 1,711 + 66,739

Bills2 235,814 + 264 + 42,013

Notes and bonds, nominal2 396,776 + 1,422 + 22,677

Notes and bonds, inflation-indexed2 12,814 0 + 1,684

Inflation compensation3 1,380 + 25 + 365

Federal agency2 10 0 0

Repurchase agreements4 38,000 + 16,750 + 10,800

Loans 46 + 13 - 5

Items in process of collection (1,224) 8,284 - 759 + 419

Bank premises 1,559 + 1 + 45

Other assets5 37,802 + 306 + 1,220

Total assets (1,224) 746,781 + 18,001 + 79,252

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 655,512 + 408 + 43,042

Reverse repurchase agreements6 19,801 - 490 + 19,801

Deposits (-1) 42,795 + 17,486 + 14,757

Depository institutions 33,637 + 15,579 + 13,646

U.S. Treasury, general account 8,821 + 1,949 + 1,081

Foreign official 101 - 1 + 25

Other ( - 1 ) 236 - 41 + 5

Deferred availability cash items (1,225) 8,803 + 343 + 340

Other liabilities and accrued dividends7 2,239 - 25 - 154

Total liabilities (1,224) 729,149 + 17,722 + 77,785

Capital accounts

Capital paid in 8,522 + 1 + 517

Surplus 8,380 0 + 1,098

Other capital accounts 729 + 277 - 149

Total capital 17,632 + 280 + 1,467

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 17, 2002

Eliminations from

consolidation Wednesday

 Apr 16, 2003

Wednesday

 Apr 9, 2003

3. Maturity Distribution of Loans and Securities, April 16, 2003

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

Note: Components may not sum to totals because of rounding.

 . . . Not applicable.

1. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original

face value of such securities.

2. Cash value of agreements classified by remaining maturity of the agreements.

Reverse

repurchase

agreements2

Within 15 days 45 49,663 + 10,126 0 0 34,000 19,801

16 days to 90 days 1 129,782 - 9,799 0 0 4,000 0

91 days to 1 year 0 153,573 + 1,358 10 0 . . . . . . 

Over 1 year to 5 years . . . 181,526 + 7 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,309 + 8 0 0 . . . . . . 

Over 10 years . . . 79,932 + 11 0 0 . . . . . . 

All 46 646,785 + 1,711 10 0 38,000 19,801

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 16, 2003Millions of dollars

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

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

Note: Components may not sum to totals because of rounding.1. Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities.2. Face value of the securities.3. Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such sec

4. Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities.5. Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates.

 11,038 2,200 1,056 684,841 646,795 646,785 235,814 410,971 10 38,000 46 9,509 1,559 37,802 0 748,005

Assets, liabilities, and capital

 4,705 874 39 314,720 276,720 276,715 100,889 175,826 4 38,000 0 667 185 13,771 +10,232 345,193

 495 115 50 31,270 31,270 31,269 11,401 19,869 0 0 0 463 91 1,786 - 2,302 31,969

 380 83 77 20,221 20,221 20,221 7,373 12,849 0 0 0 509 50 1,084 - 2,565 19,840

 477 104 42 30,307 30,307 30,307 11,050 19,257 0 0 0 389 152 2,312 - 876 32,907

 808 147 140 49,741 49,741 49,740 18,135 31,605 1 0 0 700 144 5,807 + 779 58,264

 863 166 98 43,718 43,695 43,694 15,931 27,764 1 0 23 762 278 2,205 - 2,920 45,170

 982 212 134 65,360 65,359 65,358 23,829 41,529 1 0 1 720 117 3,513 - 7,303 63,735

 331 71 61 20,357 20,349 20,349 7,419 12,930 0 0 8 456 44 980 - 797 21,503

 2   14,4 14,4 14,4 5,2 9,1    4 1 1,1 - 6 15,8
 655,512

 655,512 11,038 2,200 642,274 0 684,795 19,807 664,988

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

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

Note: Components may not sum to totals because of rounding.1. Cash value of agreements, which are collateralized by U.S. Treasury securities.2. Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments.

 763,918 108,406 655,512 19,801 42,794 33,637 8,821 101 235 10,028 2,239 730,374 8,522 8,380 729 748,005

 32,234 4,758 27,476 957 1,846 1,843 0 2 2 647 127 31,054 444 436 34 31,969

 337,792 27,107 310,685 8,471 20,310 11,257 8,821 77 154 1,043 704 341,213 1,877 1,809 294 345,193

 24,501 7,277 17,224 619 843 842 0 1 0 542 92 19,320 251 233 36 19,840

 31,575 4,350 27,225 928 2,708 2,704 0 3 2 489 124 31,474 700 702 30 32,907

 54,050 8,519 45,530 1,523 6,000 5,923 0 7 70 755 245 54,054 2,069 2,073 69 58,264

 59,147 19,996 39,151 1,338 2,474 2,473 0 2 -1 1,038 180 44,180 476 475 39 45,170

 63,002 6,995 56,007 2,001 2,970 2,966 0 3 1 734 219 61,930 874 858 74 63,735

 22,121 3,454 18,667 623 1,349 1,344 0 1 4 336 96 21,071 206 199 27 21,503

 15,0 1,3 13,6 4 5 5    3  15,1 3 3  15,8

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 16, 2003 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes, net of F.R. Bank holdingsCollateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other eligible assets

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Apr 16, 2003

Note: Components may not sum to totals because of rounding.1. Includes face value of U.S. Treasury and agency securities held outright,

compensation to adjust for the effect of inflation on the original face value ofinflation-indexed securities, and cash value of repurchase agreements.