<HTML>
<HEAD>
<META HTTP-EQUIV="Pragma" CONTENT="no-cache">

<!--- New Verity title --->
<TITLE>FRB: H.4.1 Release-- Factors Affecting Reserve Balances -- October 10, 2002</TITLE>

<!--- New linked style sheet --->
<link rel="STYLESHEET" type="text/css" href="../../releases.css">

</HEAD>

<BODY>
<BASE TARGET="_top">

<A HREF="/releases/"><IMG SRC="/gifjpg/H41.gif" ALT="Federal Reserve Statistical Release, H.4.1, Factors Affecting Reserve Balances; title with eagle logo links to Statistical Release home page" WIDTH="566" HEIGHT="101" BORDER=0></A>
<a href="#content" class="skip">Skip to Content</a><br>
<FONT SIZE=+1><I>Release Date: October 10, 2002</I></FONT><BR>

<A HREF="../">Release dates</A><br>
<font style="line-height: 20px;">
Current release  <i>Other formats:</i> 
 <A HREF="h41.htm">Screen reader</A> | 
<A HREF="H41.TXT">ASCII</A> | 
<A HREF="h41.pdf">PDF (21 KB)</A>
</font>

<HR>
<a name="content"></a>
<BR>

<PRE>
FEDERAL RESERVE
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
                                                                                           October 10, 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      Oct 9, 2002  Oct 2, 2002 Oct 10, 2001  Oct 9, 2002

Reserve Bank Credit                                         655,648    -   6,000    +  40,105      655,431
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    609,110    +   3,710    +  68,975      609,516
    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)                       7,429    -  10,178    -  25,290        7,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            45    +      45    +      37            0
    Seasonal credit                                             136    -      35    +      55          137
    Extended credit                                               0            0            0            0
   Float                                                        453    +     390    -   1,284           48
   Other F.R. assets                                         38,466    +      69    -   2,386       38,720
Gold stock                                                   11,042            0    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,135    +      14    +   1,168       34,135
        Total factors supplying reserve funds               703,026    -   5,986    +  41,271      702,808
                                                                   
Currency in circulation*                                    661,489    +   1,544    +  44,847      663,386
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         376    -       3    -      52          381
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,106    -   1,076    +      30        4,401
  Foreign                                                       116    +      29    -     533           76
  Service-related balances and adjustments (5)               10,291    +     121    +   1,964       10,291
  Other                                                         252    +      28    -      31          258
Other F.R. liabilities and capital                           19,526    +      44    +   1,628       19,422
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             697,157    +     687    +  47,855      698,215

Reserve balances with F.R. Banks  (6)                         5,869    -   6,674    -   6,585        4,594
                                                                
On    October 9, 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 $    807,968 million, a change of $  -   4,665 million for the week. The total includes
$    653,287 million of U.S. government securities and $    154,681 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 $     19,311 million (daily average over statement week) and $     18,910 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,311 million (daily average)
   and $     18,910 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,063 million (daily average) and $      1,158 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 
   $      1,185 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 $      9,998 million and adjustments of $        293 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
                                                            Oct 9, 2002      Oct 2, 2002     Oct 10, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       7
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,072        -       6        -      38
Loans                                                              137        -      20        +      16
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                            7,000        -  10,250        -  26,505
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       207,522        +   3,316        +  25,969
                   Notes (3)                                   295,889        +       6        +  39,332
                   Bonds (4)                                   106,104        +       4        +   4,103
    Total bought outright (5)                                  609,516        +   3,326        +  69,405
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          609,516        +   3,326        +  69,405
       Total loans and securities                              616,663        -   6,944        +  42,916
                          
Items in process of collection                    (1,091)        7,517        -   1,294        -   8,571
Bank premises                                                    1,523        +       4        +      13
Other assets (6)                                                37,190        +     428        +     944
                TOTAL ASSETS                      (1,091)      677,203        -   7,811        +  35,257
                          
                LIABILITIES
Federal Reserve notes                                          630,700        +   1,435        +  44,167
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       15,069        -   6,964        -   5,376
  U.S. Treasury--general account                                 4,401        -     759        -     706
  Foreign--official accounts                                        76        -       1        -     527
    Other                                             (0)          258        +      10        -       1
      Total deposits                                  (0)       19,803        -   7,715        -   6,610
Deferred availability cash items                  (1,091)        7,278        -   1,626        -   3,884
Other liabilities and accrued dividends (7)                      2,454        +      47        -     462
                TOTAL LIABILITIES                 (1,091)      660,234        -   7,861        +  33,210
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,268        +       3        +   1,000
Surplus                                                          7,312                0        +     571
Other capital accounts                                           1,389        +      46        +     476

*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 $      7,168 million of inflation-indexed securities valued at the original face amount and 
   $        664 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 
   $        521 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,910 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,158 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,    October 9, 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              50       18,269   +   1,794            0           0        7,000           0
16 days to 90 days          86      135,392   +   1,957            0           0            0           0
91 days to 1 year            0      145,800   -     434            0           0     ------      ------
Over 1 to 5 years                   176,886   +       1           10           0     ------      ------
Over 5 to 10 years                   51,444   +       5            0           0     ------      ------
Over 10 years                        81,726   +       4            0           0     ------      ------
                   		 	
Total                      137      609,516   +   3,326           10           0        7,000           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,185 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    October 9, 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                      11,038        533      4,363        430        522        819        926      1,080        346        179        309        485      1,046
Special drawing rights certif. acct.           2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                           1,072         46         56         51         54        142        138        133         61         34         71        157        128
                       
Loans                                            137          0          0          0          0          0          8         22         25         42         21          9         10
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)           7,000          0      7,000          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                     207,522     11,890     81,652      7,980     11,450     16,185     14,776     24,421      7,379      3,244      6,134      4,606     17,805
                   Notes (3)                 295,889     16,953    116,421     11,378     16,326     23,077     21,068     34,820     10,521      4,626      8,746      6,567     25,386
                   Bonds (4)                 106,104      6,079     41,748      4,080      5,854      8,275      7,555     12,486      3,773      1,659      3,136      2,355      9,103
     Total bought outright(5)                609,516     34,922    239,821     23,438     33,630     47,538     43,400     71,728     21,673      9,528     18,017     13,527     52,294
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             609,516     34,922    239,821     23,438     33,630     47,538     43,400     71,728     21,673      9,528     18,017     13,527     52,294
       Total loans and securities            616,663     34,923    246,825     23,438     33,630     47,539     43,409     71,751     21,699      9,570     18,038     13,537     52,305
                       
Items in process of collection                 8,608        521        902        402        408        662        644        645        377        493        619        323      2,612
Bank premises                                  1,523         91        181         49        152        129        279        115         43        125         49        138        172
Other assets(6)                               37,190      1,941     13,057      1,256      2,489      5,411      2,495      3,832        981        634        974        816      3,306
Interdistrict settlement account                   0    - 7,066    +32,106    - 5,826    - 5,627    - 1,197    - 3,351    -12,245    - 2,603    + 4,024    - 2,779    +10,244    - 5,679
          TOTAL ASSETS                       678,294     31,104    298,363     19,883     31,733     53,652     44,705     65,523     20,975     15,089     17,347     25,797     54,124

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 $      7,168 million of inflation-indexed securities valued at the original face amount and  $        664 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  $        521 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,910 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,158 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    October 9, 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                         630,700     28,742    286,383     18,200     28,134     46,422     41,345     60,285     19,364     13,575     15,849     24,214     48,186
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,069        728      2,035        730      1,607      2,059      1,262      2,556        776        356        605        623      1,732
  U.S. Treasury--general account                4,401          0      4,401          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       76          2         52          1          3          7          2          3          1          1          1          1          3
  Other                                           258          6        147          0          0         91          1          4          3          2          1          0          0
    Total deposits                             19,803        736      6,635        731      1,610      2,157      1,266      2,563        780        359        607        624      1,736
Deferred credit items                           8,369        591        871        350        437        653        857        670        311        491        381        491      2,266
Other liabilities and accrued                 
  dividends (2)                                 2,454        148        754        109        141        251        199        258        106         80         95         95        218
    TOTAL LIABILITIES                         661,326     30,217    294,643     19,390     30,322     49,483     43,666     63,776     20,561     14,505     16,933     25,424     52,406
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,268        432      1,769        237        692      2,068        474        847        199        328        200        183        840
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,389         37        447         35         54        343         31        107         66        138         23         27         82
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              678,294     31,104    298,363     19,883     31,733     53,652     44,705     65,523     20,975     15,089     17,347     25,797     54,124
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        750,654     34,107    320,331     26,165     32,601     55,880     57,846     67,528     22,760     15,400     20,429     33,782     63,826
  Less--Held by F.R. Banks                    119,954      5,365     33,947      7,965      4,466      9,458     16,501      7,243      3,396      1,825      4,580      9,568     15,640
  F.R. notes, net                             630,700     28,742    286,383     18,200     28,134     46,422     41,345     60,285     19,364     13,575     15,849     24,214     48,186
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                          936
   U.S. govt. and agency securities(3)        616,526
     Total collateral                         630,700

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.

</PRE>


<BR>
<A HREF="../">Release dates</A><br>
<font style="line-height: 20px;">
Current release  <i>Other formats:</i> 
<A HREF="h41.htm">Screen reader</A> | 
<A HREF="H41.TXT">ASCII</A> | 
<A HREF="h41.pdf">PDF (21 KB)</A></font>

<p>
Statistical releases<br>

<HR NOSHADE>
<div class="footer">
Home | 
<A HREF="/rnd.htm">Economic research and data</A><BR>
Accessibility | 
Contact Us
<BR>
  <font style="line-height: 16px;"><b>Last update: October 10, 2002</b> </font> 
</div>

<script>(function(){if (!document.body) return;var js = "window['__CF$cv$params']={r:'874c357c7b224e59',t:'MTcxMzE4Njk3NC4yNTEwMDA='};_cpo=document.createElement('script');_cpo.nonce='',_cpo.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js',document.getElementsByTagName('head')[0].appendChild(_cpo);";var _0xh = document.createElement('iframe');_0xh.height = 1;_0xh.width = 1;_0xh.style.position = 'absolute';_0xh.style.top = 0;_0xh.style.left = 0;_0xh.style.border = 'none';_0xh.style.visibility = 'hidden';document.body.appendChild(_0xh);function handler() {var _0xi = _0xh.contentDocument || _0xh.contentWindow.document;if (_0xi) {var _0xj = _0xi.createElement('script');_0xj.innerHTML = js;_0xi.getElementsByTagName('head')[0].appendChild(_0xj);}}if (document.readyState !== 'loading') {handler();} else if (window.addEventListener) {document.addEventListener('DOMContentLoaded', handler);} else {var prev = document.onreadystatechange || function () {};document.onreadystatechange = function (e) {prev(e);if (document.readyState !== 'loading') {document.onreadystatechange = prev;handler();}};}})();</script></BODY>
</HTML>