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`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
                                                                                           October 25, 2001
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 24, 2001 Oct 17, 2001 Oct 25, 2000 Oct 24, 2001

Reserve Bank Credit                                         606,621    -  10,067    +  47,229      610,749
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    543,577    +   2,255    +  33,113      544,190
    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)                      27,405    -   5,749    +  15,716       30,050
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            10    +       3    -     165           42
    Seasonal credit                                              64    -       3    -     213           60
    Extended credit                                               0            0            0            0
   Float                                                        -30    -     947    -     297          654
   Other F.R. assets                                         35,585    -   5,628    -     806       35,743
Gold stock                                                   11,045            0    -       1       11,045
Special drawing rights certificate account                    2,200            0    -   1,000        2,200
Treasury currency outstanding                                33,055    +      14    +   2,022       33,055
        Total factors supplying reserve funds               652,921    -  10,053    +  48,251      657,049
                                                                   
Currency in circulation*                                    614,807    -   1,306    +  43,839      615,437
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         451    +       9    +     164          439
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,321    +     599    +      43        4,297
  Foreign                                                       579    -      53    +     488          282
  Service-related balances and adjustments (5)                8,058    -      38    +   1,361        8,058
  Other                                                         262    +       5    +      21          251
Other F.R. liabilities and capital                           17,844    -     114    +   1,778       17,597
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             647,322    -     898    +  47,694      646,361

Reserve balances with F.R. Banks  (6)                         5,599    -   9,156    +     557       10,688
                                                                
On   October 24, 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 $    737,760 million, a change of $  +   1,085 million for the week. The total includes
$    598,193 million of U.S. government securities and $    139,567 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 $     18,124 million (daily average over statement week) and $     18,026 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,124 million (daily average)
   and $     18,026 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,860 million (daily average) and $      3,055 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 
   $        908 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 $      7,427 million and adjustments of $        631 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 24, 2001     Oct 17, 2001     Oct 25, 2000
                ASSETS
Gold certificate account                                        11,045                0        -       1
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,113        +       8        +     257
Loans                                                              102        +      37        -     180
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           30,050        -   6,995        +  20,055
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,033        -     340        +     289
                   Notes (3)                                   258,389                0        +  22,000
                   Bonds (4)                                   102,768        +     507        +  10,863
    Total bought outright (5)                                  544,190        +     166        +  33,152
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          544,190        +     166        +  33,152
       Total loans and securities                              574,352        -   6,792        +  52,907
                          
Items in process of collection                      (891)        7,709        -     388        -   1,459
Bank premises                                                    1,514        +       3        +      81
Other assets (6)                                                36,760        +     249        +   1,455
                TOTAL ASSETS                        (891)      634,694        -   6,918        +  52,240
                          
                LIABILITIES
Federal Reserve notes                                          583,933        -     803        +  42,058
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       21,128        -   4,167        +   8,268
  U.S. Treasury--general account                                 4,297        -     741        +      90
  Foreign--official accounts                                       282        -     462        +     211
    Other                                             (0)          251        -       5        +      10
      Total deposits                                  (0)       25,958        -   5,375        +   8,578
Deferred availability cash items                    (891)        7,205        -     605        +     260
Other liabilities and accrued dividends (7)                      2,827        -      20        -   1,466
                TOTAL LIABILITIES                   (891)      619,923        -   6,802        +  49,430
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,275        +       4        +     294
Surplus                                                          6,735        -       9        +   4,056
Other capital accounts                                             760        -     112        -   1,540

*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 $      5,739 million of inflation-indexed securities valued at the original face amount and 
   $        557 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 
   $        351 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,026 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      3,055 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 24, 2001



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              98       22,095   -     312            0           0       21,050           0
16 days to 90 days           4      116,721   +     893            0           0        9,000           0
91 days to 1 year            0      129,647   -     922            0           0     ------      ------
Over 1 to 5 years                   146,198           0           10           0     ------      ------
Over 5 to 10 years                   50,204           0            0           0     ------      ------
Over 10 years                        79,324   +     507            0           0     ------      ------
                   		 	
Total                      102      544,190   +     166           10           0       30,050           0

1  Includes $      9,711 million of inflation-indexed securities valued at the original face amount and 
   $        908 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 24, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,045        546      4,451        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                                           1,113         58         69         47         68        176        132        130         62         35         69        124        143
                       
Loans                                            102          0          0          0          0          0          7         17          4         20         50          2          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          30,050          0     30,050          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                     183,033     10,997     74,976      7,518     10,716     10,934     12,586     20,730      6,597        571      5,649      3,318     18,440
                   Notes (3)                 258,389     15,525    105,845     10,613     15,127     15,436     17,768     29,265      9,313        806      7,975      4,684     26,032
                   Bonds (4)                 102,768      6,175     42,097      4,221      6,017      6,139      7,067     11,639      3,704        321      3,172      1,863     10,354
     Total bought outright(5)                544,190     32,696    222,918     22,352     31,860     32,510     37,420     61,634     19,614      1,698     16,797      9,865     54,826
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             544,190     32,696    222,918     22,352     31,860     32,510     37,420     61,634     19,614      1,698     16,797      9,865     54,826
       Total loans and securities            574,352     32,697    252,972     22,353     31,860     32,511     37,428     61,652     19,619      1,718     16,847      9,868     54,828
                       
Items in process of collection                 8,601        469      1,159        390        549        510        750        656        286        597        587        412      2,236
Bank premises                                  1,514         93        171         49        153        133        286        107         41        124         49        137        173
Other assets(6)                               36,760      1,912     13,390      1,307      2,172      4,924      2,426      3,494        997        677      1,000        815      3,645
Interdistrict settlement account                   0    - 2,628    - 9,053    - 2,039    - 2,344    +10,806    + 1,009    + 4,427    +    46    + 7,003    -   932    + 3,030    - 9,326
          TOTAL ASSETS                       635,585     33,262    264,033     22,645     33,099     49,947     43,067     71,706     21,465     10,327     18,004     14,962     53,068

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  $        557 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  $        351 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,026 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      3,055 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 24, 2001
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         583,933     31,053    242,221     21,136     30,280     44,480     40,305     67,435     20,471      9,095     16,627     13,623     47,208
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      21,128        711     12,068        437      1,013      1,124        670      1,795        339        352        475        454      1,689
  U.S. Treasury--general account                4,297          0      4,297          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      282          2        259          1          2          7          2          3          1          1          1          1          3
  Other                                           251          0        132          1          1         97          0          2          0          0         12          4          1
    Total deposits                             25,958        713     16,756        439      1,016      1,229        673      1,801        340        354        487        459      1,693
Deferred credit items                           8,096        461        998        479        381        551        760        651        224        534        392        432      2,232
Other liabilities and accrued                 
  dividends (2)                                 2,827        176        924        127        168        246        236        302        120         61        113         95        259
    TOTAL LIABILITIES                         620,815     32,403    260,899     22,181     31,846     46,506     41,974     70,188     21,155     10,043     17,619     14,609     51,393
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,275        421      1,472        223        620      1,757        538        741        148        177        188        163        825
Surplus                                         6,735        358      1,468        228        472      1,679        495        632        138        106        179        188        792
Other capital accounts                            760         80        195         13        161          6         60        146         23          0         18          1         57
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              635,585     33,262    264,033     22,645     33,099     49,947     43,067     71,706     21,465     10,327     18,004     14,962     53,068
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        742,877     36,258    286,704     29,049     35,674     56,016     64,380     75,119     23,370     11,708     20,894     33,328     70,377
  Less--Held by F.R. Banks                    158,944      5,205     44,482      7,914      5,394     11,536     24,075      7,684      2,899      2,613      4,268     19,705     23,169
  F.R. notes, net                             583,933     31,053    242,221     21,136     30,280     44,480     40,305     67,435     20,471      9,095     16,627     13,623     47,208
Collateral held against F.R. notes            
   Gold certificate account                    11,045
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        570,689
     Total collateral                         583,933

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.`

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