FEDERAL RESERVE
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
                                                                                              April 4, 2002
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items      Apr 3, 2002 Mar 27, 2002  Apr 4, 2001  Apr 3, 2002

Reserve Bank Credit                                         642,146    +   6,938    +  61,325      643,965
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    575,760    +      20    +  52,433      577,218
    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)                      28,786    +   6,572    +   7,302       27,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           300    +     286    +     219        2,083
    Seasonal credit                                              26    +       6    +       8           37
    Extended credit                                               0            0            0            0
   Float                                                       -283    -     114    -     442         -307
   Other F.R. assets                                         37,547    +     167    +   1,804       37,424
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,199    +      14    +     928       33,199
        Total factors supplying reserve funds               688,588    +   6,951    +  62,250      690,408
                                                                   
Currency in circulation*                                    642,499    +   2,317    +  55,709      644,524
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         410    -      12    -      69          399
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,395    +     197    -     276        5,971
  Foreign                                                       187    +     101    +      95          123
  Service-related balances and adjustments (5)                9,869    -     312    +   3,112        9,869
  Other                                                         249    +      44    -      54          297
Other F.R. liabilities and capital                           18,312    +     216    +     758       18,447
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             676,921    +   2,550    +  59,274      679,631

Reserve balances with F.R. Banks  (6)                        11,668    +   4,402    +   2,977       10,777
                                                                
On      April 3, 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 $    748,794 million, a change of $  +   8,071 million for the week. The total includes
$    609,197 million of U.S. government securities and $    139,596 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 $     19,527 million (daily average over statement week) and $     19,279 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,527 million (daily average)
   and $     19,279 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,526 million (daily average) and $      2,433 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     10,658 million of inflation-indexed securities valued at the original face amount and 
   $        956 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 $      9,631 million and adjustments of $        238 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.

Worksheet for H.4.1 (a)

CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS
Millions of Dollars
                                                                                    Change Since
                                                  *          Wednesday        Wednesday        Wednesday
                                                            Apr 3, 2002     Mar 27, 2002      Apr 4, 2001
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,063        -      15        -      91
Loans                                                            2,119        +   2,097        +   1,941
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,500        +   3,500        +   6,000
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       192,821        -     283        +   8,639
                   Notes (3)                                   279,575        +   1,114        +  35,790
                   Bonds (4)                                   104,823        +     295        +   8,865
    Total bought outright (5)                                  577,218        +   1,125        +  53,293
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          577,218        +   1,125        +  53,293
       Total loans and securities                              606,848        +   6,723        +  61,236
                          
Items in process of collection                    (1,081)        8,189        +     897        -   1,081
Bank premises                                                    1,511                0        +      23
Other assets (6)                                                35,696        -     146        +   1,694
                TOTAL ASSETS                      (1,081)      666,551        +   7,459        +  61,779
                          
                LIABILITIES
Federal Reserve notes                                          612,787        +   2,248        +  54,808
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       20,763        +   2,664        +   5,800
  U.S. Treasury--general account                                 5,971        +     962        +     830
  Foreign--official accounts                                       123        +      52        -      27
    Other                                             (0)          297        +      94        -      79
      Total deposits                                  (0)       27,154        +   3,772        +   6,524
Deferred availability cash items                  (1,081)        8,162        +     903        -     759
Other liabilities and accrued dividends (7)                      2,436        -       4        -   1,312
                TOTAL LIABILITIES                 (1,081)      650,540        +   6,921        +  59,261
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,003        +     353        +     972
Surplus                                                          7,272        +       2        +   1,009
Other capital accounts                                             736        +     184        +     537

*Figures in parentheses are the eliminations made in the consolidation process.
1  Cash value of agreements arranged through third-party custodial banks.
2  Face value of the securities.
3  Includes $      5,766 million of inflation-indexed securities valued at the original face amount and 
   $        546 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      4,892 million of inflation-indexed securities valued at the original face amount and 
   $        410 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,279 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,433 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.
Components may not add to totals due to rounding.


MATURITY DISTRIBUTION OF LOANS AND SECURITIES,      April 3, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days           2,087       13,110   -  10,435            0           0       22,500           0
16 days to 90 days          32      135,840   +   9,774            0           0        5,000           0
91 days to 1 year            0      135,458   +   1,681            0           0     ------      ------
Over 1 to 5 years                   159,238   +      40           10           0     ------      ------
Over 5 to 10 years                   52,310   +      61            0           0     ------      ------
Over 10 years                        81,262   +       3            0           0     ------      ------
                   		 	
Total                    2,119      577,218   +   1,125           10           0       27,500           0

1  Includes $     10,658 million of inflation-indexed securities valued at the original face amount and 
   $        956 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.


H.4.1 (b)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON      April 3, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,044        546      4,450        454        538        741        871      1,028        343        143        317        477      1,136
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,063         67         61         58         59        152         86        132         57         38         78        132        143
                       
Loans                                          2,119          1          0          3      1,180          0        340        147        435          9          1          0          4
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,500          0     27,500          0          0          0          0          0          0          0          0          0          0
Federal agency obligations(2)      
  Bought outright                                 10          1          4          0          1          1          1          1          0          0          0          0          1
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
U.S. government securities(2)         
  Bought outright--Bills                     192,821     11,585     78,986      7,920     11,289     11,519     13,259     21,838      6,950        602      5,951      3,496     19,426
                   Notes (3)                 279,575     16,797    114,523     11,483     16,368     16,702     19,224     31,664     10,077        872      8,629      5,068     28,167
                   Bonds (4)                 104,823      6,298     42,939      4,305      6,137      6,262      7,208     11,872      3,778        327      3,235      1,900     10,561
     Total bought outright(5)                577,218     34,681    236,448     23,709     33,793     34,483     39,691     65,375     20,805      1,801     17,816     10,464     58,153
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             577,218     34,681    236,448     23,709     33,793     34,483     39,691     65,375     20,805      1,801     17,816     10,464     58,153
       Total loans and securities            606,848     34,682    263,952     23,712     34,974     34,484     40,032     65,523     21,240      1,810     17,817     10,464     58,158
                       
Items in process of collection                 9,270        530        805        431        534        582        757        657        348        569        504        616      2,938
Bank premises                                  1,511         92        180         49        152        131        280        107         43        123         49        136        171
Other assets(6)                               35,696      1,915     12,940      1,266      2,418      4,730      2,358      3,610        965        389        964        716      3,426
Interdistrict settlement account                   0    - 4,030    -12,640    - 3,834    - 5,969    +13,539    + 3,272    +   435    - 1,054    +12,629    -   573    +10,632    -12,407
          TOTAL ASSETS                       667,632     33,917    270,622     22,218     32,809     54,505     47,822     71,703     22,013     15,732     19,221     23,271     53,799

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 $      5,766 million of inflation-indexed securities valued at the original face amount and  $        546 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      4,892 million of inflation-indexed securities valued at the original face amount and  $        410 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,279 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,433 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.


H.4.1 (c)

STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON      April 3, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         612,787     30,579    252,866     20,726     29,817     46,367     44,068     67,287     20,839     13,887     17,390     21,579     47,383
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      20,763      1,628      6,228        372        977      3,193      1,545      1,870        487        883        903        869      1,809
  U.S. Treasury--general account                5,971          0      5,971          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      123          2         99          1          3          7          2          3          1          1          1          1          3
  Other                                           297         14        132          0          0        126          0          1         17          0          6          0          1
    Total deposits                             27,154      1,644     12,430        373        981      3,326      1,547      1,873        504        884        909        870      1,813
Deferred credit items                           9,243        655        988        544        471        677        992        634        246        512        422        393      2,709
Other liabilities and accrued                 
  dividends (2)                                 2,436        148        769        111        142        225        198        254        106         64         99         86        234
    TOTAL LIABILITIES                         651,621     33,025    267,053     21,754     31,411     50,596     46,805     70,048     21,695     15,346     18,821     22,927     52,139
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,003        430      1,682        223        683      2,111        448        800        150        307        194        168        807
Surplus                                         7,272        418      1,504        221        665      1,757        535        793        149         78        191        164        796
Other capital accounts                            736         44        382         20         50         41         34         62         19          0         15         12         57
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              667,632     33,917    270,622     22,218     32,809     54,505     47,822     71,703     22,013     15,732     19,221     23,271     53,799
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        747,105     35,282    294,414     27,857     34,211     55,965     62,457     73,994     24,041     16,076     21,400     34,060     67,347
  Less--Held by F.R. Banks                    134,318      4,704     41,547      7,131      4,394      9,598     18,390      6,707      3,202      2,189      4,010     12,482     19,964
  F.R. notes, net                             612,787     30,579    252,866     20,726     29,817     46,367     44,068     67,287     20,839     13,887     17,390     21,579     47,383
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        599,543
     Total collateral                         612,787

1  Cash value of agreements arranged through third-party custodial banks.  These agreements are collateralized 
   by U.S. government and federal 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.