---

`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 17, 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 16, 2002  Oct 9, 2002 Oct 17, 2001 Oct 16, 2002

Reserve Bank Credit                                         661,675    +   6,027    +  44,989      667,222
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    609,633    +     523    +  68,311      610,360
    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)                      12,536    +   5,107    -  20,618       13,750
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             5    -      40    -       2           30
    Seasonal credit                                             124    -      12    +      57          129
    Extended credit                                               0            0            0            0
   Float                                                        671    +     218    -     244        4,286
   Other F.R. assets                                         38,696    +     230    -   2,517       38,657
Gold stock                                                   11,042            0    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,149    +      14    +   1,182       34,149
        Total factors supplying reserve funds               709,066    +   6,040    +  46,168      714,614
                                                                   
Currency in circulation*                                    664,218    +   2,729    +  48,179      664,828
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         384    +       8    -      58          399
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,327    -     779    -     395        4,592
  Foreign                                                        77    -      39    -     555           75
  Service-related balances and adjustments (5)               10,298    +       7    +   2,202       10,298
  Other                                                         216    -      36    -      41          215
Other F.R. liabilities and capital                           19,535    +       9    +   1,577       19,283
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             699,054    +   1,897    +  50,908      699,691

Reserve balances with F.R. Banks  (6)                        10,012    +   4,143    -   4,740       14,923
                                                                
On   October 16, 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 $    806,678 million, a change of $  -   1,290 million for the week. The total includes
$    655,304 million of U.S. government securities and $    151,374 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 $     18,798 million (daily average over statement week) and $     18,076 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     18,798 million (daily average)
   and $     18,076 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,282 million (daily average) and $      1,190 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 
   $      1,195 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 $        300 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 16, 2002      Oct 9, 2002     Oct 17, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       7
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,059        -      13        -      46
Loans                                                              159        +      22        +      94
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           13,750        +   6,750        -  23,295
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       208,357        +     835        +  24,984
                   Notes (3)                                   295,895        +       6        +  37,506
                   Bonds (4)                                   106,108        +       4        +   3,847
    Total bought outright (5)                                  610,360        +     844        +  66,336
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          610,360        +     844        +  66,336
       Total loans and securities                              624,280        +   7,617        +  43,136
                          
Items in process of collection                    (1,605)       16,095        +   8,578        +   7,998
Bank premises                                                    1,526        +       3        +      15
Other assets (6)                                                37,138        -      52        +     627
                TOTAL ASSETS                      (1,605)      693,335        +  16,132        +  51,723
                          
                LIABILITIES
Federal Reserve notes                                          632,133        +   1,433        +  47,397
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       25,470        +  10,401        +     175
  U.S. Treasury--general account                                 4,592        +     191        -     446
  Foreign--official accounts                                        75        -       1        -     669
    Other                                             (0)          215        -      43        -      41
      Total deposits                                  (0)       30,353        +  10,550        -     980
Deferred availability cash items                  (1,605)       11,567        +   4,289        +   3,757
Other liabilities and accrued dividends (7)                      2,393        -      61        -     454
                TOTAL LIABILITIES                 (1,605)      676,445        +  16,211        +  49,720
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,270        +       2        +     999
Surplus                                                          7,312                0        +     568
Other capital accounts                                           1,309        -      80        +     437

*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 
   $        670 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 
   $        525 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,076 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,190 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 16, 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             101       24,991   +   6,722            0           0       11,750           0
16 days to 90 days          58      130,389   -   5,003            0           0        2,000           0
91 days to 1 year            0      144,915   -     885            0           0     ------      ------
Over 1 to 5 years                   176,887   +       1           10           0     ------      ------
Over 5 to 10 years                   51,448   +       4            0           0     ------      ------
Over 10 years                        81,730   +       4            0           0     ------      ------
                   		 	
Total                      159      610,360   +     844           10           0       13,750           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,195 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 16, 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                                           1,059         46         52         50         52        141        133        133         62         34         70        156        129
                       
Loans                                            159          0          0          0          0          0          9         22         24         40         19          8         37
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          13,750          0     13,750          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                     208,357     11,938     81,980      8,012     11,496     16,250     14,836     24,519      7,409      3,257      6,159      4,624     17,876
                   Notes (3)                 295,895     16,953    116,423     11,378     16,326     23,078     21,069     34,821     10,521      4,626      8,747      6,567     25,387
                   Bonds (4)                 106,108      6,079     41,750      4,080      5,855      8,276      7,555     12,487      3,773      1,659      3,137      2,355      9,104
     Total bought outright(5)                610,360     34,970    240,153     23,470     33,677     47,604     43,460     71,827     21,703      9,542     18,042     13,546     52,366
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             610,360     34,970    240,153     23,470     33,677     47,604     43,460     71,827     21,703      9,542     18,042     13,546     52,366
       Total loans and securities            624,280     34,971    253,907     23,470     33,677     47,604     43,470     71,851     21,727      9,581     18,062     13,554     52,404
                       
Items in process of collection                17,699      1,097      1,549      1,192        865      1,515      2,200      1,514        887        890      1,261        893      3,836
Bank premises                                  1,526         91        183         49        152        129        279        115         43        125         49        138        172
Other assets(6)                               37,138      1,941     13,090      1,190      2,486      5,397      2,492      3,829        985        631        972        814      3,311
Interdistrict settlement account                   0    - 4,585    +30,311    - 6,529    - 5,693    + 1,636    - 4,329    -13,589    - 3,148    + 4,027    - 2,855    + 9,791    - 5,036
          TOTAL ASSETS                       694,940     34,210    304,329     19,935     32,166     57,389     45,338     65,145     20,973     15,497     17,934     25,929     56,095

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  $        670 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  $        525 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,076 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,190 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 16, 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                         632,133     28,803    287,811     17,984     28,144     46,524     41,232     60,230     19,400     13,586     15,882     24,139     48,399
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      25,470      3,446      6,023        563      1,347      5,288      1,844      1,970        626        444        861        724      2,335
  U.S. Treasury--general account                4,592          0      4,592          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          2         52          1          3          7          2          3          1          1          1          1          3
  Other                                           215          7        138          0          2         58          0          4          3          0          1          1          1
    Total deposits                             30,353      3,455     10,804        564      1,352      5,354      1,846      1,977        630        445        863        725      2,339
Deferred credit items                          13,171        924      1,268        793      1,130      1,117      1,032        948        424        797        685        599      3,454
Other liabilities and accrued                 
  dividends (2)                                 2,393        145        742        106        138        245        195        254        106         82         95         92        194
    TOTAL LIABILITIES                         678,049     33,327    300,625     19,446     30,763     53,240     44,304     63,408     20,560     14,909     17,524     25,556     54,386
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,270        432      1,769        237        692      2,069        474        847        199        328        200        183        842
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,309         34        431         30         46        323         26         96         66        142         19         26         71
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              694,940     34,210    304,329     19,935     32,166     57,389     45,338     65,145     20,973     15,497     17,934     25,929     56,095
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        750,752     34,057    321,106     26,077     32,655     55,775     57,636     67,547     22,711     15,378     20,404     33,695     63,710
  Less--Held by F.R. Banks                    118,619      5,254     33,295      8,093      4,511      9,252     16,404      7,317      3,311      1,793      4,523      9,555     15,311
  F.R. notes, net                             632,133     28,803    287,811     17,984     28,144     46,524     41,232     60,230     19,400     13,586     15,882     24,139     48,399
Collateral held against F.R. notes            
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        618,895
     Total collateral                         632,133

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.`

Statistical releases

---

Home Economic research and data  Accessibility Contact Us  Last update: October 17, 2002