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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 15, 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     Nov 14, 2001  Nov 7, 2001 Nov 15, 2000 Nov 14, 2001

Reserve Bank Credit                                         616,009    +   6,659    +  49,300      627,269
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    546,037    +   1,773    +  33,701      547,300
    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)                      31,004    +   4,300    +  13,577       37,755
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            90    +      13    +      52            1
    Seasonal credit                                              31    -       8    -     124           28
    Extended credit                                               0            0            0            0
   Float                                                         80    +      84    -     991        3,292
   Other F.R. assets                                         38,757    +     496    +   3,205       38,882
Gold stock                                                   11,045            0    -       1       11,045
Special drawing rights certificate account                    2,200            0    -   1,000        2,200
Treasury currency outstanding                                33,097    +      14    +   1,831       33,097
        Total factors supplying reserve funds               662,351    +   6,673    +  50,130      673,611
                                                                   
Currency in circulation*                                    621,370    +   3,964    +  47,167      623,072
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         438    +       2    +     164          437
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,690    -     297    -     589        5,347
  Foreign                                                       149    +      53    +      70          471
  Service-related balances and adjustments (5)                7,792    +      63    +     845        7,792
  Other                                                         256    -      24    +      56          262
Other F.R. liabilities and capital                           17,967    -      87    +     439       17,604
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             652,663    +   3,676    +  48,152      654,984

Reserve balances with F.R. Banks  (6)                         9,688    +   2,996    +   1,979       18,626
                                                                
On  November 14, 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 $    736,368 million, a change of $  +   4,928 million for the week. The total includes
$    599,220 million of U.S. government securities and $    137,148 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 $     19,243 million (daily average over statement week) and $     18,225 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,243 million (daily average)
   and $     18,225 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,732 million (daily average) and $      2,225 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 
   $        929 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 $      7,487 million and adjustments of $        305 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 14, 2001      Nov 7, 2001     Nov 15, 2000
                ASSETS
Gold certificate account                                        11,045                0        -       1
Special drawing rights certificate account                       2,200                0        -   1,000
Coin                                                             1,107        -       9        +     198
Loans                                                               30        -      67        -     377
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           37,755        +   9,830        +  11,960
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     120
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       183,506        -     452        +     462
                   Notes (3)                                   260,540        +   2,145        +  24,519
                   Bonds (4)                                   103,254        +       4        +  10,572
    Total bought outright (5)                                  547,300        +   1,697        +  35,552
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          547,300        +   1,697        +  35,552
       Total loans and securities                              585,095        +  11,460        +  47,015
                          
Items in process of collection                      (712)       14,671        +   5,925        +   6,749
Bank premises                                                    1,518                0        +      76
Other assets (6)                                                37,632        +     402        +   5,561
                TOTAL ASSETS                        (712)      653,268        +  17,778        +  58,599
                          
                LIABILITIES
Federal Reserve notes                                          591,519        +   3,388        +  45,707
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       26,825        +  11,216        +   7,847
  U.S. Treasury--general account                                 5,347        +     164        +     497
  Foreign--official accounts                                       471        +     347        +     381
    Other                                             (1)          262        -      16        -       4
      Total deposits                                  (1)       32,904        +  11,710        +   8,721
Deferred availability cash items                    (711)       11,241        +   2,898        +   3,885
Other liabilities and accrued dividends (7)                      2,744        -       8        -   1,620
                TOTAL LIABILITIES                   (712)      638,409        +  17,989        +  56,693
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,277        +       3        +     289
Surplus                                                          6,735        -       7        +   4,056
Other capital accounts                                             848        -     206        -   2,439

*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 
   $        570 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 
   $        359 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     18,225 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,225 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 14, 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               8       22,735   +   6,650            0           0       26,755           0
16 days to 90 days          22      117,379   -   6,293            0           0       11,000           0
91 days to 1 year            0      129,352   +     600            0           0     ------      ------
Over 1 to 5 years                   147,808   +     730           10           0     ------      ------
Over 5 to 10 years                   50,214   +       5            0           0     ------      ------
Over 10 years                        79,811   +       5            0           0     ------      ------
                   		 	
Total                       30      547,300   +   1,697           10           0       37,755           0

1  Includes $      9,711 million of inflation-indexed securities valued at the original face amount and 
   $        929 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 14, 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                                           1,107         59         69         44         67        175        129        128         60         33         68        130        145
                       
Loans                                             30          1          0          0          0          0          4          8          4          3          7          2          1
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          37,755          0     37,755          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                     183,506     11,025     75,170      7,537     10,743     10,963     12,618     20,783      6,614        573      5,664      3,327     18,488
                   Notes (3)                 260,540     15,654    106,726     10,701     15,253     15,565     17,916     29,508      9,391        813      8,042      4,723     26,249
                   Bonds (4)                 103,254      6,204     42,296      4,241      6,045      6,168      7,100     11,694      3,722        322      3,187      1,872     10,403
     Total bought outright(5)                547,300     32,883    224,192     22,480     32,042     32,696     37,634     61,986     19,726      1,708     16,893      9,922     55,139
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             547,300     32,883    224,192     22,480     32,042     32,696     37,634     61,986     19,726      1,708     16,893      9,922     55,139
       Total loans and securities            585,095     32,884    261,951     22,480     32,042     32,697     37,639     61,995     19,731      1,711     16,899      9,923     55,141
                       
Items in process of collection                15,383      1,071      2,149        784        609      1,184      1,310        961        853        878        958      1,104      3,522
Bank premises                                  1,518         92        174         49        152        133        285        110         41        123         49        137        172
Other assets(6)                               37,632      1,963     13,750      1,317      2,231      4,976      2,486      3,591      1,029        684      1,030        832      3,742
Interdistrict settlement account                   0    - 1,078    -20,356    - 2,101    -   144    +10,058    + 3,176    + 5,959    +   959    + 9,234    -   471    + 2,845    - 8,082
          TOTAL ASSETS                       653,980     35,652    263,064     23,111     35,600     50,110     46,062     73,985     23,088     12,836     18,917     15,546     56,010

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  $        570 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  $        359 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     18,225 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,225 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 14, 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                         591,519     31,137    243,596     21,471     30,523     43,999     42,067     68,482     21,149     10,930     16,485     13,726     47,953
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      26,825      2,664      7,912        480      3,135      1,324      1,581      2,787      1,159        737      1,387        793      2,865
  U.S. Treasury--general account                5,347          0      5,347          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      471          2        447          1          2          7          2          3          1          1          1          1          3
  Other                                           263         11        131          0          2        106          1          1          0         96         14          4       -105
    Total deposits                             32,905      2,677     13,837        481      3,139      1,438      1,584      2,791      1,160        835      1,401        799      2,764
Deferred credit items                          11,953        806      1,604        568        529        934      1,089        864        349        720        531        572      3,386
Other liabilities and accrued                 
  dividends (2)                                 2,744        169        889        126        164        239        228        288        118         66        111         94        253
    TOTAL LIABILITIES                         639,121     34,789    259,926     22,646     34,355     46,609     44,969     72,424     22,775     12,551     18,528     15,191     54,357
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,277        421      1,472        222        613      1,757        539        774        149        179        189        163        799
Surplus                                         6,735        358      1,468        228        472      1,679        495        632        138        106        179        188        792
Other capital accounts                            848         84        199         14        160         65         59        155         26          0         20          4         63
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              653,980     35,652    263,064     23,111     35,600     50,110     46,062     73,985     23,088     12,836     18,917     15,546     56,010
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        746,080     36,130    288,345     28,852     35,666     55,729     64,473     75,957     23,839     13,392     20,924     33,019     69,755
  Less--Held by F.R. Banks                    154,561      4,992     44,749      7,380      5,143     11,730     22,406      7,475      2,690      2,461      4,439     19,293     21,802
  F.R. notes, net                             591,519     31,137    243,596     21,471     30,523     43,999     42,067     68,482     21,149     10,930     16,485     13,726     47,953
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)        578,274
     Total collateral                         591,519

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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