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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
                                                                                          February 14, 2002
Millions of dollars
                                                                   Averages of daily figures
      Reserve balances of depository institutions at     Week ended   Change from week ended     Wednesday
 F.R. Banks, Reserve Bank credit, and related items     Feb 13, 2002  Feb 6, 2002 Feb 14, 2001 Feb 13, 2002

Reserve Bank Credit                                         627,844    -   1,921    +  55,218      628,279
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    562,646    +     520    +  46,737      564,317
    Held under repurchase agreements                              0            0            0            0
  Federal agency obligations (1)                                                   
    Bought outright                                              10            0    -     100           10
    Held under repurchase agreements                              0            0            0            0
  Repurchase agreements -- triparty (4)                      26,464    -   2,143    +   8,707       25,500
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                            31    +      25    +       7            2
    Seasonal credit                                              24    +       8    +       1           19
    Extended credit                                               0            0            0            0
   Float                                                         37    -     978    -   1,506         -468
   Other F.R. assets                                         38,631    +     646    +   1,371       38,899
Gold stock                                                   11,044    -       1    -       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,279    +      14    +   1,274       33,279
        Total factors supplying reserve funds               674,368    -   1,906    +  56,491      674,803
                                                                   
Currency in circulation*                                    634,806    +   3,169    +  52,921      637,197
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         408    -       6    -      77          407
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    4,976    -   1,220    -      47        4,108
  Foreign                                                       314    +     124    +     235          356
  Service-related balances and adjustments (5)                9,380    +     361    +   2,847        9,380
  Other                                                         222    -      40    -     101          212
Other F.R. liabilities and capital                           17,715    +     176    -     517       17,602
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             667,820    +   2,562    +  55,259      669,261

Reserve balances with F.R. Banks  (6)                         6,548    -   4,469    +   1,231        5,542
                                                                
On  February 13, 2002, the face amount of marketable U.S. government and federal agency securities held in custody by the Federal Reserve
Banks for foreign official and international accounts was $    731,402 million, a change of $  +   1,013 million for the week. The total includes
$    599,518 million of U.S. government securities and $    131,883 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 $     20,113 million (daily average over statement week) and $     19,410 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     20,113 million (daily average)
   and $     19,410 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $      1,655 million (daily average) and $      1,609 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     10,186 million of inflation-indexed securities valued at the original face amount and 
   $        923 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 $      8,818 million and adjustments of $        562 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
                                                           Feb 13, 2002      Feb 6, 2002     Feb 14, 2001
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,169        +       7        +      49
Loans                                                               21        -       9        -      14
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           25,500        -   4,000        +   7,990
Federal agency obligations (2)          
  Bought outright                                                   10                0        -     100
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       189,130        -     655        +   9,412
                   Notes (3)                                   270,629        +   1,457        +  29,689
                   Bonds (4)                                   104,558        -       5        +  10,654
    Total bought outright (5)                                  564,317        +     797        +  49,756
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          564,317        +     797        +  49,756
       Total loans and securities                              589,848        -   3,213        +  57,632
                          
Items in process of collection                    (1,121)        7,034        -   2,550        -   6,463
Bank premises                                                    1,511        +       1        +      42
Other assets (6)                                                37,360        +     548        +   1,189
                TOTAL ASSETS                      (1,121)      650,167        -   5,207        +  52,448
                          
                LIABILITIES
Federal Reserve notes                                          605,493        +   3,055        +  52,342
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       15,004        -   5,753        +   3,079
  U.S. Treasury--general account                                 4,108        -   1,268        -   2,605
  Foreign--official accounts                                       356        -     238        +     284
    Other                                             (2)          212        -      41        -      74
      Total deposits                                  (2)       19,680        -   7,299        +     684
Deferred availability cash items                  (1,119)        7,392        -   1,104        -     259
Other liabilities and accrued dividends (7)                      2,338        +      38        -   1,642
                TOTAL LIABILITIES                 (1,121)      634,903        -   5,311        +  51,125
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  7,442        +       5        +     430
Surplus                                                          7,270        +       1        +     937
Other capital accounts                                             552        +      98        -      43

*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 $      5,766 million of inflation-indexed securities valued at the original face amount and 
   $        545 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      4,420 million of inflation-indexed securities valued at the original face amount and 
   $        378 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,410 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      1,609 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,  February 13, 2002



Millions of dollars
                                    U.S. government         Federal agency                      Reverse
                     Loans          securities (1,2)        obligations(2)        Repurchase   Repurchase
                                              Weekly                  Weekly      Agreements   Agreements
                                  Holdings    changes      Holdings    changes    Triparty(3)  Triparty(3)
Within 15 days              16       31,101   +   9,571            0           0       19,500           0
16 days to 90 days           4      112,412   -   8,119            0           0        6,000           0
91 days to 1 year            0      130,946   -     644            0           0     ------      ------
Over 1 to 5 years                   158,020   -       1           10           0     ------      ------
Over 5 to 10 years                   51,954   -       4            0           0     ------      ------
Over 10 years                        79,885   -       5            0           0     ------      ------
                   		 	
Total                       21      564,317   +     797           10           0       25,500           0

1  Includes $     10,186 million of inflation-indexed securities valued at the original face amount and 
   $        923 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  February 13, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
         ASSETS                        
Gold certificate account                      11,044        546      4,450        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                                           1,169         69         60         56         67        176        123        140         65         36         83        144        149
                       
Loans                                             21          3          0          0          0          0          0          0          0          6          6          1          6
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          25,500          0     25,500          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                     189,130     11,363     77,474      7,768     11,073     11,299     13,005     21,421      6,817        590      5,838      3,429     19,054
                   Notes (3)                 270,629     16,260    110,859     11,116     15,844     16,167     18,609     30,651      9,754        844      8,353      4,906     27,265
                   Bonds (4)                 104,558      6,282     42,830      4,295      6,121      6,246      7,190     11,842      3,769        326      3,227      1,895     10,534
     Total bought outright(5)                564,317     33,905    231,163     23,179     33,038     33,713     38,804     63,913     20,340      1,761     17,418     10,230     56,854
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             564,317     33,905    231,163     23,179     33,038     33,713     38,804     63,913     20,340      1,761     17,418     10,230     56,854
       Total loans and securities            589,848     33,909    256,667     23,179     33,038     33,713     38,805     63,915     20,340      1,766     17,424     10,231     56,860
                       
Items in process of collection                 8,156        503        939        512        352        484        744        554        486        520        511        249      2,300
Bank premises                                  1,511         92        177         49        151        132        280        106         43        123         49        137        172
Other assets(6)                               37,360      2,020     13,617      1,334      2,515      4,800      2,478      3,808      1,030        396      1,021        748      3,593
Interdistrict settlement account                   0    - 3,894    -12,662    - 2,806    - 3,785    +12,144    + 4,347    + 2,843    -   293    +12,234    - 1,053    + 5,897    -12,971
          TOTAL ASSETS                       651,288     33,360    264,123     22,862     32,981     52,337     47,816     72,604     22,086     15,248     18,418     17,980     51,474

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 $      5,766 million of inflation-indexed securities valued at the original face amount and  $        545 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      4,420 million of inflation-indexed securities valued at the original face amount and  $        378 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,410 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      1,609 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  February 13, 2002
Millions of dollars
                                                                                                                                                            Kansas                 San
                                               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco
       LIABILITIES                         
Federal Reserve notes                         605,493     30,904    251,087     20,783     30,075     46,604     44,690     67,353     21,030     13,868     16,981     16,404     45,713
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      15,004        726      3,564        941      1,027      1,294      1,085      2,755        391        411        532        726      1,553
  U.S. Treasury--general account                4,108          0      4,108          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      356          2        332          1          3          7          2          3          1          1          1          1          3
  Other                                           214          2        135          0          2         64          0          4          1          0          2          3          1
    Total deposits                             19,682        730      8,138        942      1,032      1,366      1,088      2,762        392        412        534        729      1,557
Deferred credit items                           8,511        692        937        563        344        596        829        596        241        521        404        422      2,366
Other liabilities and accrued                 
  dividends (2)                                 2,338        145        736        110        136        209        195        250        105         63         98         85        206
    TOTAL LIABILITIES                         636,024     32,471    260,898     22,399     31,587     48,775     46,802     70,961     21,769     14,864     18,017     17,640     49,842
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 7,442        429      1,504        221        681      1,762        447        792        150        308        193        166        791
Surplus                                         7,270        418      1,504        221        665      1,757        535        793        149         76        191        164        796
Other capital accounts                            552         41        216         21         49         44         32         58         18          0         17         10         46
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              651,288     33,360    264,123     22,862     32,981     52,337     47,816     72,604     22,086     15,248     18,418     17,980     51,474
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        750,407     35,740    295,466     27,689     34,589     56,550     63,234     74,386     23,798     16,219     21,475     33,342     67,919
  Less--Held by F.R. Banks                    144,913      4,836     44,379      6,906      4,513      9,946     18,544      7,033      2,768      2,350      4,494     16,938     22,206
  F.R. notes, net                             605,493     30,904    251,087     20,783     30,075     46,604     44,690     67,353     21,030     13,868     16,981     16,404     45,713
Collateral held against F.R. notes            
   Gold certificate account                    11,044
   Special drawing rights                 
     certificate account                        2,200
   Other eligible assets                        2,422
   U.S. govt. and agency securities(3)        589,827
     Total collateral                         605,493

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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