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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
                                                                                             April 18, 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     Apr 17, 2002 Apr 10, 2002 Apr 18, 2001 Apr 17, 2002

Reserve Bank Credit                                         644,013    +   5,209    +  62,390      645,065
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    578,332    +   1,539    +  55,958      580,046
    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)                      28,200    +   3,807    +   5,980       27,200
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             4    +       3            0            1
    Seasonal credit                                              48    +       6    +       8           49
    Extended credit                                               0            0            0            0
   Float                                                       -698    -     540    -   1,311         -560
   Other F.R. assets                                         38,117    +     393    +   1,755       38,318
Gold stock                                                   11,044            0    -       2       11,044
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                33,227    +      14    +     880       33,227
        Total factors supplying reserve funds               690,484    +   5,224    +  63,268      691,535
                                                                   
Currency in circulation*                                    643,392    -     212    +  54,529      644,278
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         403    +       3    -     100          400
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,957    +     949    +     466        7,740
  Foreign                                                       116    +      14    +      37           76
  Service-related balances and adjustments (5)               10,053    -      19    +   3,268       10,053
  Other                                                         242    -      36    -     100          231
Other F.R. liabilities and capital                           18,736    +       4    +     783       18,558
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             678,899    +     704    +  58,883      681,337

Reserve balances with F.R. Banks  (6)                        11,585    +   4,520    +   4,385       10,198
                                                                
On     April 17, 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 $    745,008 million, a change of $  -   5,138 million for the week. The total includes
$    604,253 million of U.S. government securities and $    140,755 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 $     19,999 million (daily average over statement week) and $     19,123 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     19,999 million (daily average)
   and $     19,123 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        615 million (daily average) and $      2,211 million 
   (outstanding on Wednesday statement date) that are fully collateralized by other U.S. government securities.
3  Includes $     11,130 million of inflation-indexed securities valued at the original face amount and 
   $      1,015 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 $      9,820 million and adjustments of $        233 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
                                                           Apr 17, 2002     Apr 10, 2002     Apr 18, 2001
                ASSETS
Gold certificate account                                        11,044                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,018        -      18        -     119
Loans                                                               51        +       2        +       3
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           27,200        +   4,200        -   2,064
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       193,801        +     724        +  11,764
                   Notes (3)                                   281,085        +   1,504        +  34,881
                   Bonds (4)                                   105,159        +     332        +   8,206
    Total bought outright (5)                                  580,046        +   2,560        +  54,851
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          580,046        +   2,560        +  54,851
       Total loans and securities                              607,306        +   6,762        +  52,789
                          
Items in process of collection                    (1,402)        7,865        -     123        -   1,399
Bank premises                                                    1,514        +       1        +      24
Other assets (6)                                                36,582        +     345        +   1,650
                TOTAL ASSETS                      (1,402)      667,529        +   6,967        +  52,942
                          
                LIABILITIES
Federal Reserve notes                                          612,470        -     237        +  53,375
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       19,991        +   3,922        -   1,765
  U.S. Treasury--general account                                 7,740        +   2,957        +     987
  Foreign--official accounts                                        76        -     193        -      31
    Other                                             (0)          231        -      36        -     104
      Total deposits                                  (0)       28,038        +   6,650        -     913
Deferred availability cash items                  (1,402)        8,463        +     591        -     401
Other liabilities and accrued dividends (7)                      2,393        -      70        -   1,190
                TOTAL LIABILITIES                 (1,402)      651,364        +   6,934        +  50,872
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,005        -       2        +     959
Surplus                                                          7,282        +       8        +     950
Other capital accounts                                             878        +      28        +     162

*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 $      6,178 million of inflation-indexed securities valued at the original face amount and 
   $        590 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
4  Includes $      4,952 million of inflation-indexed securities valued at the original face amount and 
   $        425 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     19,123 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $      2,211 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,     April 17, 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              43       25,010   +  10,153            0           0       22,200           0
16 days to 90 days           7      128,461   -   7,001            0           0        5,000           0
91 days to 1 year            0      131,919   -   2,428            0           0     ------      ------
Over 1 to 5 years                   159,850   +     610           10           0     ------      ------
Over 5 to 10 years                   53,377   +   1,063            0           0     ------      ------
Over 10 years                        81,428   +     161            0           0     ------      ------
                   		 	
Total                       51      580,046   +   2,560           10           0       27,200           0

1  Includes $     11,130 million of inflation-indexed securities valued at the original face amount and 
   $      1,015 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     April 17, 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                                           1,018         62         63         56         54        144         80        128         56         39         72        129        137
                       
Loans                                             51          3          0          0          0          0          0         21          7         11          5          0          2
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          27,200          0     27,200          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                     193,801     11,104     76,253      7,452     10,693     15,115     13,799     22,807      6,891      3,030      5,729      4,301     16,627
                   Notes (3)                 281,085     16,105    110,596     10,809     15,509     21,923     20,014     33,078      9,995      4,394      8,309      6,238     24,116
                   Bonds (4)                 105,159      6,025     41,376      4,044      5,802      8,202      7,488     12,375      3,739      1,644      3,108      2,334      9,022
     Total bought outright(5)                580,046     33,233    228,225     22,304     32,004     45,239     41,302     68,260     20,625      9,068     17,146     12,873     49,766
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             580,046     33,233    228,225     22,304     32,004     45,239     41,302     68,260     20,625      9,068     17,146     12,873     49,766
       Total loans and securities            607,306     33,237    255,429     22,305     32,004     45,240     41,302     68,282     20,632      9,079     17,152     12,874     49,769
                       
Items in process of collection                 9,268        541      1,049        466        369        504        711        599        392        641        554        687      2,754
Bank premises                                  1,514         92        181         49        152        131        280        107         43        123         49        137        171
Other assets(6)                               36,582      1,919     12,987      1,252      2,411      5,143      2,460      3,784        987        621        965        804      3,249
Interdistrict settlement account                   0    - 2,049    - 2,288    - 2,380    - 3,024    + 1,495    + 1,298    - 2,646    -   645    + 5,014    +   479    + 8,294    - 3,547
          TOTAL ASSETS                       668,932     34,450    272,664     22,261     32,593     53,624     47,223     71,546     21,882     15,725     19,645     23,506     53,813

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 $      6,178 million of inflation-indexed securities valued at the original face amount and  $        590 million 
   of compensation that adjusts for the effects of inflation on the principal of such  securities.
4  Includes $      4,952 million of inflation-indexed securities valued at the original face amount and  $        425 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     19,123 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $      2,211 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     April 17, 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                         612,470     30,545    254,533     20,633     29,525     46,678     43,518     66,816     20,371     13,827     17,243     21,476     47,306
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      19,991      2,209      4,882        408      1,078      1,903      1,484      2,093        792        845      1,391        996      1,910
  U.S. Treasury--general account                7,740          0      7,740          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                       76          2         52          1          3          7          2          3          1          1          1          1          3
  Other                                           231         10        134          0          1         75          0          1          4          0          4          0          1
    Total deposits                             28,038      2,220     12,809        409      1,082      1,985      1,486      2,097        797        846      1,396        997      1,914
Deferred credit items                           9,865        649        999        645        454        700      1,000        715        287        578        507        598      2,735
Other liabilities and accrued                 
  dividends (2)                                 2,393        145        739        107        138        246        198        255        104         80         95         90        196
    TOTAL LIABILITIES                         652,767     33,559    269,080     21,794     31,200     49,608     46,202     69,883     21,559     15,331     19,240     23,161     52,151
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,005        430      1,682        223        680      2,114        450        800        150        306        195        167        808
Surplus                                         7,282        418      1,504        221        665      1,757        535        793        149         88        191        164        796
Other capital accounts                            878         43        398         23         49        144         37         70         23          0         19         14         58
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              668,932     34,450    272,664     22,261     32,593     53,624     47,223     71,546     21,882     15,725     19,645     23,506     53,813
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        747,085     35,333    296,029     27,712     34,112     56,392     61,816     73,750     23,927     16,040     21,300     33,891     66,783
  Less--Held by F.R. Banks                    134,615      4,788     41,496      7,079      4,587      9,715     18,298      6,935      3,556      2,214      4,058     12,415     19,476
  F.R. notes, net                             612,470     30,545    254,533     20,633     29,525     46,678     43,518     66,816     20,371     13,827     17,243     21,476     47,306
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)        599,226
     Total collateral                         612,470

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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