Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 694,493 + 3,899 + 64,779 687,819

Securities held outright 629,415 - 1 + 67,279 629,411

U.S. Treasury1 629,405 - 1 + 67,279 629,401

Bills2 226,682 0 + 37,791 226,682

Notes and bonds, nominal2 389,219 0 + 27,109 389,219

Notes and bonds, inflation-indexed2 12,242 0 + 2,056 12,242

Inflation compensation3 1,261 - 2 + 322 1,257

Federal agency2 10 0 0 10

Repurchase agreements4 24,393 + 4,250 - 4,214 27,750

Loans to depository institutions 15 - 37 - 7 15

Primary credit 11 - 34 + 11 13

Secondary credit 0 0 0 0

Seasonal credit 4 - 3 - 12 2

Adjustment credit 0 0 - 6 0

Float 596 - 167 - 361 -9,630

Other Federal Reserve assets 40,074 - 146 + 2,082 40,273

Gold stock 11,043 0 - 2 11,043

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

Treasury currency outstanding5 34,598 + 14 + 1,127 34,598

Total factors supplying reserve funds 742,333 + 3,913 + 65,904 735,659

Currency in circulation5 675,778 + 1,009 + 43,935 677,992

Reverse repurchase agreements6 18,483 + 86 + 18,483 17,986

Foreign official and international accounts 18,483 + 86 + 18,483 17,986

Dealers 0 0 0 0

Treasury cash holdings 360 0 - 54 356

Deposits with F.R. Banks, other than reserve balances 16,456 - 1,578 + 791 16,782

U.S. Treasury, general account 5,392 - 1,770 - 804 5,664

Foreign official 108 - 6 - 82 148

Service-related 10,724 + 186 + 1,707 10,724

Required clearing balances 10,356 + 1 + 1,704 10,355

Adjustments to compensate for float 368 + 185 + 3 368

Other 232 + 11 - 30 246

Other liabilities and capital 19,513 - 360 + 1,974 19,274

Total factors, other than reserve balances,

absorbing reserve funds 730,590 - 842 + 65,129 732,390

Reserve balances with Federal Reserve Banks 11,743 + 4,755 + 775 3,270

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 865,366 + 7,539 . . . 868,037

U.S. Treasury 696,000 + 7,287 . . . 697,891

Federal agency 169,367 + 253 . . . 170,145

Securities lent to dealers 408 + 51 - 1,245 922

FEDERAL RESERVE statistical release

 February 6, 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

 Feb 5, 2003 Week ended

 Feb 5, 2003 Jan 29, 2003 Feb 6, 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 11,039 0 - 5

Special drawing rights certificate account 2,200 0 0

Coin 1,134 + 23 - 28

Securities, repurchase agreements, and loans 657,177 + 7,250 + 64,116

Securities held outright 629,411 - 5 + 65,881

U.S. Treasury1 629,401 - 5 + 65,881

Bills2 226,682 0 + 36,897

Notes and bonds, nominal2 389,219 0 + 26,603

Notes and bonds, inflation-indexed2 12,242 0 + 2,056

Inflation compensation3 1,257 - 6 + 323

Federal agency2 10 0 0

Repurchase agreements4 27,750 + 7,250 - 1,750

Loans 15 + 4 - 15

Items in process of collection (1,242) 8,959 - 291 - 625

Bank premises 1,539 - 4 + 29

Other assets5 38,611 - 136 + 1,799

Total assets (1,242) 720,659 + 6,841 + 65,285

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 644,880 + 2,276 + 42,442

Reverse repurchase agreements6 17,986 - 480 + 17,986

Deposits ( 0 ) 29,814 + 4,143 + 2,835

Depository institutions 23,756 + 5,429 + 2,999

U.S. Treasury, general account 5,664 - 1,366 + 288

Foreign official 148 + 48 - 446

Other ( 0 ) 246 + 32 - 7

Deferred availability cash items (1,242) 8,704 + 1,201 + 208

Other liabilities and accrued dividends7 2,231 - 11 - 69

Total liabilities (1,242) 703,616 + 7,130 + 63,402

Capital accounts

Capital paid in 8,404 + 5 + 967

Surplus 8,380 0 + 1,111

Other capital accounts 260 - 292 - 194

Total capital 17,043 - 289 + 1,883

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 6, 2002

Eliminations from

consolidation Wednesday

 Feb 5, 2003

Wednesday

 Jan 29, 2003

3. Maturity Distribution of Loans and Securities, February 5, 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 13 45,981 - 3,611 0 0 24,750 17,986

16 days to 90 days 2 134,667 + 3,958 0 0 3,000 0

91 days to 1 year 0 142,243 - 964 10 0 . . . . . . 

Over 1 year to 5 years . . . 175,434 + 616 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,239 - 1 0 0 . . . . . . 

Over 10 years . . . 79,837 - 3 0 0 . . . . . . 

All 15 629,401 - 5 10 0 27,750 17,986

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 5, 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.

 11,039 2,200 1,134 657,177 629,411 629,401 226,682 402,719 10 27,750 15 10,201 1,539 38,611 0 721,901

Assets, liabilities, and capital

 4,364 874 40 275,399 247,649 247,645 89,191 158,454 4 27,750 0 810 186 13,527 +35,253 330,452

 533 115 53 36,062 36,062 36,061 12,988 23,074 1 0 0 496 91 1,943 - 5,979 33,315

 430 83 66 24,203 24,203 24,202 8,717 15,486 0 0 0 530 50 1,231 - 7,242 19,350

 522 104 52 34,730 34,728 34,727 12,507 22,220 1 0 2 671 152 2,501 - 6,155 32,577

 819 147 162 49,090 49,090 49,089 17,680 31,409 1 0 0 762 129 5,887 - 3,228 53,768

 926 166 124 44,827 44,817 44,816 16,141 28,675 1 0 10 930 279 2,335 - 4,653 44,933

 1,080 212 148 74,069 74,069 74,068 26,676 47,392 1 0 0 828 116 3,891 -16,815 63,528

 346 71 66 22,381 22,380 22,380 8,060 14,320 0 0 0 743 44 1,080 - 4,263 20,468

 1   9,8 9,8 9,8 3,5 6,2    4 1 1,0 + 3,4 15,1
 644,880

 644,880 11,039 2,200 631,641 0 657,161 17,992 639,169

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.

 760,400 115,520 644,880 17,986 29,814 23,756 5,664 148 246 9,946 2,231 704,858 8,404 8,380 260 721,901

 32,824 5,052 27,772 1,031 2,790 2,786 0 2 2 704 136 32,433 437 436 8 33,315

 333,391 27,291 306,101 7,077 11,696 5,756 5,664 124 152 1,120 680 326,674 1,809 1,809 160 330,452

 25,077 8,067 17,010 692 560 559 0 1 0 512 100 18,873 234 233 10 19,350

 32,351 4,972 27,379 992 2,110 2,107 0 3 0 548 125 31,154 708 702 14 32,577

 53,884 8,923 44,961 1,403 2,316 2,222 0 7 87 683 252 49,615 2,079 2,073 0 53,768

 58,236 18,578 39,657 1,281 1,860 1,857 0 2 1 999 180 43,977 475 475 6 44,933

 63,575 8,152 55,424 2,117 3,165 3,161 0 3 1 839 235 61,780 861 858 30 63,528

 21,829 3,495 18,334 640 622 621 0 1 1 363 100 20,058 200 199 10 20,468

 14,9 1,9 12,9 2 4 4    6  14,4 3 3  15,1

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 5, 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

 Feb 5, 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.