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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
                                                                                              June 13, 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     Jun 12, 2002  Jun 5, 2002 Jun 13, 2001 Jun 12, 2002

Reserve Bank Credit                                         650,293    -   1,017    +  65,114      661,254
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    589,060    +   1,657    +  57,955      589,396
    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)                      23,936    -   2,993    +   6,293       34,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             5    +       5    -     263            2
    Seasonal credit                                             106    -      14            0          105
    Extended credit                                               0            0            0            0
   Float                                                       -221    -     179    -     676         -303
   Other F.R. assets                                         37,398    +     508    +   1,806       37,544
Gold stock                                                   11,044            0    -       1       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,745    +      14    +   1,152       33,745
        Total factors supplying reserve funds               697,281    -   1,003    +  66,264      708,243
                                                                   
Currency in circulation*                                    654,240    -      60    +  59,962      655,857
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         411    -       4    -      70          408
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,289    -      49    +     411        4,727
  Foreign                                                        85    -      15            0          109
  Service-related balances and adjustments (5)               10,004    +     205    +   2,996       10,004
  Other                                                         238    +      12    -      73          243
Other F.R. liabilities and capital                           19,749    +     170    +   1,619       19,529
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             690,016    +     258    +  64,845      690,878

Reserve balances with F.R. Banks  (6)                         7,265    -   1,261    +   1,419       17,365
                                                                
On      June 12, 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 $    770,502 million, a change of $  -   2,646 million for the week. The total includes
$    620,646 million of U.S. government securities and $    149,856 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 $     21,856 million (daily average over statement week) and $     21,780 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     21,856 million (daily average)
   and $     21,780 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        262 million (daily average) and $        125 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     11,602 million of inflation-indexed securities valued at the original face amount and 
   $      1,171 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 $      9,810 million and adjustments of $        194 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
                                                           Jun 12, 2002      Jun 5, 2002     Jun 13, 2001
                ASSETS
Gold certificate account                                        11,044                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               932        +       3        -     173
Loans                                                              107        -       2        -      32
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           34,500        +  11,750        +  14,000
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       195,389        +   1,017        +  14,161
                   Notes (3)                                   288,585        +       9        +  37,160
                   Bonds (4)                                   105,422        +       7        +   6,201
    Total bought outright (5)                                  589,396        +   1,033        +  57,522
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          589,396        +   1,033        +  57,522
       Total loans and securities                              624,014        +  12,783        +  71,491
                          
Items in process of collection                    (1,070)        7,740        -   1,217        -   1,047
Bank premises                                                    1,516        +       2        +       9
Other assets (6)                                                36,030        +     481        +   1,889
                TOTAL ASSETS                      (1,070)      683,476        +  12,052        +  72,169
                          
                LIABILITIES
Federal Reserve notes                                          623,453        +     626        +  59,091
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       27,930        +  13,376        +  11,336
  U.S. Treasury--general account                                 4,727        -   1,049        -       2
  Foreign--official accounts                                       109        +      13        +      27
    Other                                             (0)          243        -       8        -      45
      Total deposits                                  (0)       33,009        +  12,332        +  11,316
Deferred availability cash items                  (1,070)        7,485        -     985                0
Other liabilities and accrued dividends (7)                      2,563        +      55        -     826
                TOTAL LIABILITIES                 (1,070)      666,510        +  12,028        +  69,581
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,294        +      12        +   1,230
Surplus                                                          7,312                0        +     695
Other capital accounts                                           1,360        +      11        +     664

*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 $      6,591 million of inflation-indexed securities valued at the original face amount and 
   $        689 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      5,011 million of inflation-indexed securities valued at the original face amount and 
   $        481 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     21,780 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        125 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,      June 12, 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       17,505   -      92            0           0       30,500           0
16 days to 90 days          81      137,822   +      79            0           0        4,000           0
91 days to 1 year            0      132,570   +   1,031            0           0     ------      ------
Over 1 to 5 years                   167,483   +       2           10           0     ------      ------
Over 5 to 10 years                   52,473   +       6            0           0     ------      ------
Over 10 years                        81,543   +       7            0           0     ------      ------
                   		 	
Total                      107      589,396   +   1,033           10           0       34,500           0

1  Includes $     11,602 million of inflation-indexed securities valued at the original face amount and 
   $      1,171 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      June 12, 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                      11,044        533      4,369        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                                             932         45         47         45         46        124        100        121         57         36         68        123        121
                       
Loans                                            107          0          0          0          0          0          2         33         17         36         13          2          3
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          34,500          0     34,500          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                     195,389     11,195     76,878      7,513     10,781     15,239     13,912     22,993      6,948      3,054      5,776      4,336     16,764
                   Notes (3)                 288,585     16,534    113,547     11,097     15,923     22,508     20,548     33,961     10,261      4,511      8,531      6,405     24,759
                   Bonds (4)                 105,422      6,040     41,479      4,054      5,817      8,222      7,506     12,406      3,749      1,648      3,116      2,340      9,045
     Total bought outright(5)                589,396     33,769    231,905     22,664     32,520     45,969     41,967     69,360     20,958      9,214     17,423     13,081     50,568
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             589,396     33,769    231,905     22,664     32,520     45,969     41,967     69,360     20,958      9,214     17,423     13,081     50,568
       Total loans and securities            624,014     33,770    266,408     22,664     32,520     45,969     41,970     69,395     20,975      9,250     17,436     13,083     50,572
                       
Items in process of collection                 8,810        541        713        384        397        611        764        505        457        630        622        488      2,699
Bank premises                                  1,516         92        181         49        152        130        280        109         43        124         49        138        171
Other assets(6)                               36,030      1,875     12,614      1,250      2,405      5,214      2,420      3,749        947        614        948        792      3,203
Interdistrict settlement account                   0    - 2,257    -   268    - 2,841    - 3,023    + 2,243    + 1,547    - 3,652    - 1,534    + 4,854    -   339    + 8,433    - 3,165
          TOTAL ASSETS                       684,546     34,714    284,938     22,064     33,123     55,257     48,173     71,519     21,361     15,717     19,160     23,640     54,880

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 $      6,591 million of inflation-indexed securities valued at the original face amount and  $        689 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      5,011 million of inflation-indexed securities valued at the original face amount and  $        481 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     21,780 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        125 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      June 12, 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                         623,453     30,794    265,991     20,486     28,620     47,343     44,303     65,210     19,825     13,847     17,205     21,748     48,082
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      27,930      2,354      8,483        515      2,517      2,631      1,655      3,696        728        806      1,098      1,088      2,358
  U.S. Treasury--general account                4,727          0      4,727          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      109          2         85          1          3          7          2          3          1          1          1          1          3
  Other                                           243         15        136          0          1         83          0          3          3          0          1          0          0
    Total deposits                             33,009      2,370     13,431        516      2,521      2,722      1,657      3,702        731        807      1,100      1,089      2,362
Deferred credit items                           8,555        506        860        474        430        647        966        647        261        523        350        358      2,533
Other liabilities and accrued                 
  dividends (2)                                 2,563        154        787        114        151        268        210        274        111         85        100         96        213
    TOTAL LIABILITIES                         667,580     33,824    281,069     21,590     31,723     50,979     47,136     69,832     20,929     15,263     18,755     23,292     53,189
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,294        432      1,834        234        686      2,119        470        817        208        304        194        169        828
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,360         40        531         19         49        401         33         77         75         32         20         15         68
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              684,546     34,714    284,938     22,064     33,123     55,257     48,173     71,519     21,361     15,717     19,160     23,640     54,880
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        752,193     35,382    306,650     27,023     33,368     57,195     60,920     71,597     23,606     15,821     21,028     33,795     65,808
  Less--Held by F.R. Banks                    128,740      4,589     40,659      6,537      4,748      9,853     16,617      6,387      3,780      1,974      3,823     12,047     17,726
  F.R. notes, net                             623,453     30,794    265,991     20,486     28,620     47,343     44,303     65,210     19,825     13,847     17,205     21,748     48,082
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                            0
   U.S. govt. and agency securities(3)        610,209
     Total collateral                         623,453

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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