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`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
                                                                                          November 14, 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     Nov 13, 2002  Nov 6, 2002 Nov 14, 2001 Nov 13, 2002

Reserve Bank Credit                                         666,333    +   5,784    +  50,333      673,919
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    608,480    -     172    +  62,443      608,984
    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)                      16,821    +   4,785    -  14,183       21,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                           242    -     113    +     152            2
    Seasonal credit                                              66    -       1    +      35           65
    Extended credit                                               0            0            0            0
   Float                                                        634    +     612    +     563        3,610
   Other F.R. assets                                         40,080    +     673    +   1,323       40,248
Gold stock                                                   11,042            0    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,387    +      14    +   1,413       34,387
        Total factors supplying reserve funds               713,963    +   5,798    +  51,744      721,548
                                                                   
Currency in circulation*                                    668,060    +   4,123    +  46,813      669,425
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         386    -       9    -      52          387
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,013    -     325    +     323        4,592
  Foreign                                                        77    -      39    -      72           76
  Service-related balances and adjustments (5)               10,327    -      97    +   2,539       10,327
  Other                                                         236    -       9    -      20          238
Other F.R. liabilities and capital                           20,012    +     157    +   2,045       19,693
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             704,112    +   3,801    +  51,577      704,739

Reserve balances with F.R. Banks  (6)                         9,851    +   1,998    +     167       16,810
                                                                
On  November 13, 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 $    809,887 million, a change of $  +   2,292 million for the week. The total includes
$    659,453 million of U.S. government securities and $    150,434 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 $     19,985 million (daily average over statement week) and $     19,484 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,985 million (daily average)
   and $     19,484 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        828 million (daily average) and $          0 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 
   $      1,227 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 $     10,057 million and adjustments of $        270 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
                                                           Nov 13, 2002      Nov 6, 2002     Nov 14, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       7
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,080        +       1        -      27
Loans                                                               67        -       2        +      37
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           21,000        +  11,000        -  16,755
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       206,949        +     210        +  23,443
                   Notes (3)                                   295,914        +       3        +  35,374
                   Bonds (4)                                   106,122        +       2        +   2,868
    Total bought outright (5)                                  608,984        +     214        +  61,684
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          608,984        +     214        +  61,684
       Total loans and securities                              630,061        +  11,213        +  44,966
                          
Items in process of collection                    (1,517)       15,581        +   6,296        +     910
Bank premises                                                    1,530        +       1        +      12
Other assets (6)                                                38,736        +     619        +   1,104
                TOTAL ASSETS                      (1,517)      700,227        +  18,130        +  46,959
                          
                LIABILITIES
Federal Reserve notes                                          636,501        +   3,186        +  44,982
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       27,245        +  11,576        +     420
  U.S. Treasury--general account                                 4,592        -     215        -     755
  Foreign--official accounts                                        76        +       4        -     395
    Other                                             (0)          238        -       5        -      24
      Total deposits                                  (0)       32,151        +  11,360        -     753
Deferred availability cash items                  (1,517)       11,882        +   3,462        +     641
Other liabilities and accrued dividends (7)                      2,469        +      30        -     275
                TOTAL LIABILITIES                 (1,517)      683,003        +  18,038        +  44,594
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,285        +       5        +   1,008
Surplus                                                          7,312                0        +     577
Other capital accounts                                           1,627        +      87        +     779

*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 
   $        688 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 
   $        538 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,484 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $          0 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,  November 13, 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              26       14,823   -   5,066            0           0       16,000           0
16 days to 90 days          41      141,857   +   5,724            0           0        5,000           0
91 days to 1 year            0      143,437   +      74            0           0     ------      ------
Over 1 to 5 years                   176,183           0           10           0     ------      ------
Over 5 to 10 years                   50,940   -     521            0           0     ------      ------
Over 10 years                        81,743   +       2            0           0     ------      ------
                   		 	
Total                       67      608,984   +     214           10           0       21,000           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,227 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  November 13, 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                                           1,080         50         50         60         50        142        126        138         63         35         72        163        130
                       
Loans                                             67          0          0          0          0          0          7         11         16         16         11          6          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          21,000          0     21,000          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                     206,949     11,857     81,426      7,958     11,418     16,141     14,736     24,354      7,359      3,235      6,117      4,593     17,755
                   Notes (3)                 295,914     16,954    116,430     11,379     16,327     23,079     21,070     34,823     10,522      4,626      8,747      6,567     25,388
                   Bonds (4)                 106,122      6,080     41,755      4,081      5,855      8,277      7,556     12,488      3,773      1,659      3,137      2,355      9,105
     Total bought outright(5)                608,984     34,892    239,612     23,417     33,601     47,496     43,362     71,665     21,654      9,520     18,002     13,515     52,248
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             608,984     34,892    239,612     23,417     33,601     47,496     43,362     71,665     21,654      9,520     18,002     13,515     52,248
       Total loans and securities            630,061     34,892    260,615     23,418     33,601     47,497     43,369     71,677     21,671      9,536     18,013     13,522     52,250
                       
Items in process of collection                17,098      1,090      1,458        899        789      1,578      1,821      1,714        747        955        961        894      4,192
Bank premises                                  1,530         91        184         49        153        129        279        116         43        125         49        139        173
Other assets(6)                               38,736      2,033     13,641      1,246      2,593      5,595      2,608      4,007      1,034        660      1,020        851      3,449
Interdistrict settlement account                   0    - 4,681    +32,276    - 5,853    - 5,140    - 2,118    - 4,888    -14,901    - 3,046    + 4,187    - 2,500    +10,499    - 3,834
          TOTAL ASSETS                       701,744     34,123    313,462     20,331     32,671     53,789     44,408     64,043     20,928     15,707     17,991     26,651     57,640

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  $        688 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  $        538 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,484 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $          0 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  November 13, 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                         636,501     28,520    295,028     17,917     27,953     45,578     40,114     58,144     19,101     13,663     15,823     24,644     50,015
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      27,245      3,618      7,882      1,096      1,981      2,699      1,888      2,905        882        494      1,020        853      1,927
  U.S. Treasury--general account                4,592          0      4,592          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                                           238          5        144          0          1         79          1          4          3          0          1          0          0
    Total deposits                             32,151      3,625     12,670      1,097      1,985      2,785      1,890      2,912        885        495      1,022        854      1,931
Deferred credit items                          13,399        926      1,238        709      1,161        946      1,154        957        418        848        631        679      3,733
Other liabilities and accrued                 
  dividends (2)                                 2,469        148        755        110        144        261        201        263        107         83         97         94        208
    TOTAL LIABILITIES                         684,521     33,219    309,691     19,833     31,243     49,570     43,359     62,275     20,511     15,088     17,573     26,271     55,887
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,285        434      1,773        238        692      2,069        471        847        199        329        200        183        849
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,627         52        494         39         71        392         43        128         69        172         27         33        108
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              701,744     34,123    313,462     20,331     32,671     53,789     44,408     64,043     20,928     15,707     17,991     26,651     57,640
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        755,063     33,727    325,883     25,932     32,743     55,394     57,264     66,613     22,486     15,323     20,287     34,324     65,087
  Less--Held by F.R. Banks                    118,562      5,207     30,855      8,015      4,790      9,817     17,150      8,469      3,385      1,661      4,463      9,680     15,072
  F.R. notes, net                             636,501     28,520    295,028     17,917     27,953     45,578     40,114     58,144     19,101     13,663     15,823     24,644     50,015
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)        623,262
     Total collateral                         636,501

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

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