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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
                                                                                           November 1, 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 31, 2001 Oct 24, 2001  Nov 1, 2000 Oct 31, 2001

Reserve Bank Credit                                         617,178    +  10,559    +  53,351      625,352
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    543,435    -     142    +  33,136      544,287
    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)                      37,843    +  10,438    +  21,838       45,050
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            10            0    -       8           15
    Seasonal credit                                              54    -      10    -     186           40
    Extended credit                                               0            0            0            0
   Float                                                       -139    -     108    -     692          250
   Other F.R. assets                                         35,964    +     379    -     618       35,699
Gold stock                                                   11,045            0    -       1       11,045
Special drawing rights certificate account                    2,200            0    -   1,000        2,200
Treasury currency outstanding                                33,069    +      14    +   1,976       33,069
        Total factors supplying reserve funds               663,492    +  10,572    +  54,326      671,666
                                                                   
Currency in circulation*                                    614,653    -     154    +  43,599      616,853
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         438    -      13    +     152          435
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,121    -     200    -      50        5,112
  Foreign                                                       112    -     467    +      31           75
  Service-related balances and adjustments (5)                8,223    +     166    +   1,394        8,223
  Other                                                         236    -      26    -      20          271
Other F.R. liabilities and capital                           17,879    +      35    +   1,317       17,773
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             646,662    -     660    +  46,422      648,741

Reserve balances with F.R. Banks  (6)                        16,830    +  11,232    +   7,904       22,925
                                                                
On   October 31, 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 $    737,675 million, a change of $  -      85 million for the week. The total includes
$    602,019 million of U.S. government securities and $    135,657 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 $     19,022 million (daily average over statement week) and $     18,722 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,022 million (daily average)
   and $     18,722 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      2,048 million (daily average) and $      2,362 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 $      7,428 million and adjustments of $        795 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 31, 2001     Oct 24, 2001      Nov 1, 2000
                ASSETS
Gold certificate account                                        11,045                0        -       1
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,123        +      10        +     237
Loans                                                               55        -      47        -     148
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           45,050        +  15,000        +  20,110
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       182,652        -     381        +     340
                   Notes (3)                                   258,389                0        +  22,786
                   Bonds (4)                                   103,246        +     478        +  10,859
    Total bought outright (5)                                  544,287        +      97        +  33,985
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          544,287        +      97        +  33,985
       Total loans and securities                              589,403        +  15,051        +  53,828
                          
Items in process of collection                      (955)        7,676        -      33        -   1,158
Bank premises                                                    1,513        -       1        +      79
Other assets (6)                                                36,723        -      37        +   1,971
                TOTAL ASSETS                        (955)      649,682        +  14,988        +  53,955
                          
                LIABILITIES
Federal Reserve notes                                          585,342        +   1,409        +  42,585
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       33,278        +  12,150        +  10,784
  U.S. Treasury--general account                                 5,112        +     815        -      37
  Foreign--official accounts                                        75        -     207                0
    Other                                             (0)          271        +      20        -       7
      Total deposits                                  (0)       38,735        +  12,777        +  10,740
Deferred availability cash items                    (955)        7,833        +     628        -     693
Other liabilities and accrued dividends (7)                      2,773        -      54        -   1,523
                TOTAL LIABILITIES                   (955)      634,683        +  14,760        +  51,109
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,269        -       6        +     282
Surplus                                                          6,738        +       3        +   4,059
Other capital accounts                                             993        +     233        -   1,494

*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 $     18,722 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,362 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 31, 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              44       19,638   -   2,457            0           0       39,050           0
16 days to 90 days          11      113,438   -   3,283            0           0        6,000           0
91 days to 1 year            0      134,127   +   4,480            0           0     ------      ------
Over 1 to 5 years                   147,078   +     880           10           0     ------      ------
Over 5 to 10 years                   50,204           0            0           0     ------      ------
Over 10 years                        79,802   +     478            0           0     ------      ------
                   		 	
Total                       55      544,287   +      97           10           0       45,050           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 31, 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                                           1,123         59         70         48         68        177        134        127         62         34         70        127        146
                       
Loans                                             55          0          0          1          0          0          7         13          4         11          4          5         10
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          45,050          0     45,050          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                     182,652     10,974     74,820      7,502     10,693     10,912     12,560     20,687      6,583        570      5,638      3,311     18,402
                   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)                 103,246      6,203     42,293      4,241      6,045      6,168      7,100     11,693      3,721        322      3,187      1,872     10,402
     Total bought outright(5)                544,287     32,702    222,958     22,356     31,865     32,516     37,427     61,645     19,618      1,698     16,800      9,867     54,836
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             544,287     32,702    222,958     22,356     31,865     32,516     37,427     61,645     19,618      1,698     16,800      9,867     54,836
       Total loans and securities            589,403     32,703    268,012     22,358     31,866     32,517     37,435     61,659     19,622      1,709     16,804      9,872     54,847
                       
Items in process of collection                 8,631        533        920        545        359        604        721        660        393        614        596        384      2,302
Bank premises                                  1,513         92        171         49        152        132        285        109         41        123         49        137        172
Other assets(6)                               36,723      1,909     13,364      1,304      2,170      4,933      2,424      3,488        994        680        999        814      3,645
Interdistrict settlement account                   0    -   945    -19,241    - 2,185    - 1,150    +11,755    + 2,196    + 6,011    +   449    + 7,838    -   670    + 3,297    - 7,354
          TOTAL ASSETS                       650,638     35,012    268,621     22,656     34,107     51,005     44,232     73,293     21,975     11,171     18,232     15,206     55,128

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 $     18,722 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,362 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 31, 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                         585,342     30,902    242,957     21,026     30,323     44,390     40,709     67,816     20,542      9,117     16,569     13,667     47,326
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      33,278      2,504     15,243        532      1,840      2,151      1,366      2,947        717      1,131        699        652      3,495
  U.S. Treasury--general account                5,112          0      5,112          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       75          2         51          1          2          7          2          3          1          1          1          1          3
  Other                                           271          6        138          0          1         82          4          2          1         13         12          4          7
    Total deposits                             38,735      2,512     20,544        534      1,844      2,240      1,372      2,951        718      1,146        712        657      3,506
Deferred credit items                           8,788        550      1,022        499        511        661        808        686        282        559        445        430      2,335
Other liabilities and accrued                 
  dividends (2)                                 2,773        171        912        126        166        239        229        293        117         63        114         92        251
    TOTAL LIABILITIES                         635,638     34,135    265,435     22,185     32,844     47,529     43,118     71,746     21,660     10,884     17,840     14,846     53,417
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,269        421      1,472        223        613      1,757        539        741        149        178        189        163        826
Surplus                                         6,738        358      1,468        228        472      1,679        495        632        138        109        179        188        792
Other capital accounts                            993         97        247         21        179         40         80        174         29          0         24          9         92
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              650,638     35,012    268,621     22,656     34,107     51,005     44,232     73,293     21,975     11,171     18,232     15,206     55,128
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        741,957     36,190    286,491     28,970     35,626     55,892     64,246     75,372     23,313     11,687     20,844     33,204     70,123
  Less--Held by F.R. Banks                    156,615      5,287     43,534      7,944      5,303     11,502     23,537      7,556      2,771      2,570      4,275     19,537     22,798
  F.R. notes, net                             585,342     30,902    242,957     21,026     30,323     44,390     40,709     67,816     20,542      9,117     16,569     13,667     47,326
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)        572,097
     Total collateral                         585,342

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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