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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
                                                                                            August 15, 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     Aug 14, 2002  Aug 7, 2002 Aug 15, 2001 Aug 14, 2002

Reserve Bank Credit                                         653,477    -   4,095    +  54,875      656,621
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    600,217    +     109    +  60,671      600,372
    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)                      13,321    -   4,072    -   7,348       16,000
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            15    +       9    +       8           93
    Seasonal credit                                             181    +       2    -       4          192
    Extended credit                                               0            0            0            0
   Float                                                       -697    -     499    -     700         -984
   Other F.R. assets                                         40,429    +     355    +   2,246       40,939
Gold stock                                                   11,042            0    -       2       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,011    +      14    +   1,192       34,011
        Total factors supplying reserve funds               700,730    -   4,081    +  56,065      703,875
                                                                   
Currency in circulation*                                    660,808    -      63    +  54,039      661,747
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         381    +       4    -      35          371
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,896    -     129    -     177        5,191
  Foreign                                                        76    -      23    -       2           79
  Service-related balances and adjustments (5)               10,155    -      55    +   2,702       10,155
  Other                                                         201    -      28    -     110          192
Other F.R. liabilities and capital                           19,472    +     265    +   1,095       19,710
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             695,988    -      30    +  57,511      697,445

Reserve balances with F.R. Banks  (6)                         4,742    -   4,051    -   1,445        6,430
                                                                
On    August 14, 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 $    795,994 million, a change of $  +   1,977 million for the week. The total includes
$    643,019 million of U.S. government securities and $    152,975 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 $     23,354 million (daily average over statement week) and $     23,255 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     22,925 million (daily average)
   and $     23,255 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,687 million (daily average) and $      1,381 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 
   $      1,154 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 $      9,919 million and adjustments of $        236 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
                                                           Aug 14, 2002      Aug 7, 2002     Aug 15, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       6
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,000        +      28        -     112
Loans                                                              285        +     105        +      93
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           16,000        -  10,000        -  11,345
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       201,962        -     952        +  17,619
                   Notes (3)                                   292,699        +       1        +  38,306
                   Bonds (4)                                   105,710                0        +   4,699
    Total bought outright (5)                                  600,372        -     950        +  60,626
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          600,372        -     950        +  60,626
       Total loans and securities                              616,666        -  10,846        +  49,373
                          
Items in process of collection                    (1,072)        6,619        -     942        -     677
Bank premises                                                    1,521        +       2        +      11
Other assets (6)                                                39,338        +     767        +   5,617
                TOTAL ASSETS                      (1,072)      678,382        -  10,992        +  54,208
                          
                LIABILITIES
Federal Reserve notes                                          629,102        -     529        +  52,375
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       16,958        -  10,145        -     479
  U.S. Treasury--general account                                 5,191        -     125        +   1,122
  Foreign--official accounts                                        79        +       5        +       8
    Other                                             (0)          192        -      11        -     130
      Total deposits                                  (0)       22,420        -  10,276        +     521
Deferred availability cash items                  (1,072)        7,149        -     740        -     160
Other liabilities and accrued dividends (7)                      2,400        +      23        -     662
                TOTAL LIABILITIES                 (1,072)      661,072        -  11,521        +  52,075
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,287        +       3        +   1,127
Surplus                                                          7,312                0        +     565
Other capital accounts                                           1,713        +     527        +     442

*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 
   $        646 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 
   $        508 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     23,255 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,381 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,    August 14, 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             144       23,099   +   1,759            0           0       13,000           0
16 days to 90 days         141      127,239   -   2,101            0           0        3,000           0
91 days to 1 year            0      142,343   -     610            0           0     ------      ------
Over 1 to 5 years                   172,050           0           10           0     ------      ------
Over 5 to 10 years                   54,007   +       1            0           0     ------      ------
Over 10 years                        81,633   +       1            0           0     ------      ------
                   		 	
Total                      285      600,372   -     950           10           0       16,000           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,154 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    August 14, 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                                           1,000         42         48         45         54        129        128        129         61         33         67        143        122
                       
Loans                                            285          0          0          0         90          0          7         40         38         77         20          7          5
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          16,000          0     16,000          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                     201,962     11,571     79,464      7,766     11,143     15,752     14,381     23,767      7,181      3,157      5,970      4,482     17,328
                   Notes (3)                 292,699     16,770    115,166     11,255     16,150     22,828     20,841     34,445     10,408      4,576      8,652      6,496     25,112
                   Bonds (4)                 105,710      6,057     41,593      4,065      5,833      8,245      7,527     12,440      3,759      1,653      3,125      2,346      9,070
     Total bought outright(5)                600,372     34,398    236,223     23,086     33,125     46,825     42,749     70,652     21,348      9,385     17,747     13,324     51,509
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             600,372     34,398    236,223     23,086     33,125     46,825     42,749     70,652     21,348      9,385     17,747     13,324     51,509
       Total loans and securities            616,666     34,399    252,227     23,086     33,216     46,825     42,757     70,693     21,386      9,462     17,767     13,332     51,515
                       
Items in process of collection                 7,691        464        647        494        214        543        654        724        362        526        440        328      2,295
Bank premises                                  1,521         91        183         49        152        130        279        111         43        124         49        137        172
Other assets(6)                               39,338      2,070     13,821      1,273      2,630      5,643      2,657      4,086      1,059        672      1,043        869      3,514
Interdistrict settlement account                   0    - 5,828    +22,375    - 4,162    - 6,122    -   604    - 1,401    - 9,299    - 2,292    + 4,190    - 1,964    +10,599    - 5,491
          TOTAL ASSETS                       679,455     31,886    294,537     21,298     30,770     53,632     46,167     67,737     21,036     15,216     17,777     25,990     53,406

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  $        646 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  $        508 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     23,255 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,381 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    August 14, 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                         629,102     29,602    277,372     19,455     28,086     46,378     43,025     63,388     19,823     13,593     16,369     24,511     47,500
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      16,958        677      6,296        710        748      2,060      1,042      1,690        414        399        600        665      1,658
  U.S. Treasury--general account                5,191          0      5,191          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       79          2         55          1          3          7          2          3          1          1          1          1          3
  Other                                           192          9        129          0          1         48          0          1          2          0          1          1          0
    Total deposits                             22,420        688     11,671        711        752      2,114      1,044      1,694        416        399        602        667      1,661
Deferred credit items                           8,222        540        768        521        362        718        833        667        263        614        272        365      2,298
Other liabilities and accrued                 
  dividends (2)                                 2,400        147        754        108        137        227        201        258        107         77         97         91        195
    TOTAL LIABILITIES                         662,144     30,977    290,566     20,796     29,336     49,437     45,102     66,008     20,610     14,684     17,340     25,634     51,654
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,287        432      1,852        237        688      2,060        473        818        201        312        207        169        836
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,713         59        615         44         81        378         57        118         75        102         39         23        121
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              679,455     31,886    294,537     21,298     30,770     53,632     46,167     67,737     21,036     15,216     17,777     25,990     53,406
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        747,418     34,631    311,753     26,388     32,519     55,884     59,056     69,610     23,181     15,589     20,737     33,707     64,362
  Less--Held by F.R. Banks                    118,316      5,029     34,381      6,932      4,433      9,506     16,031      6,222      3,358      1,996      4,368      9,196     16,862
  F.R. notes, net                             629,102     29,602    277,372     19,455     28,086     46,378     43,025     63,388     19,823     13,593     16,369     24,511     47,500
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)        615,864
     Total collateral                         629,102

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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