---

`FEDERAL RESERVE
These data are scheduled for release each Thursday.

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 19, 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     Sep 18, 2002 Sep 11, 2002 Sep 19, 2001 Sep 18, 2002

Reserve Bank Credit                                         657,922    -     288    -  13,692      660,988
  U.S. government securities (1)                                                   
    Bought outright-system account (2,3)                    605,114    +   1,022    +  81,755      606,272
    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)                      15,500    -   1,357    -  59,796       16,750
  Acceptances                                                     0            0            0            0
  Loans to depository institutions
    Adjustment credit                                             7    +       6    -   1,495            0
    Seasonal credit                                             162    -       2    +      67          167
    Extended credit                                               0            0            0            0
   Float                                                       -750    -     120    -  28,002         -360
   Other F.R. assets                                         37,880    +     163    -   6,221       38,148
Gold stock                                                   11,042            0    -       1       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding                                34,093    +      14    +   1,136       34,093
        Total factors supplying reserve funds               705,258    -     274    -  12,556      708,324
                                                                   
Currency in circulation*                                    660,965    -   2,411    +  45,646      661,421
Reverse repurchase agreements -- triparty (4)                     0            0            0            0
Treasury cash holdings*                                         364    +       3    -      62          370
Deposits,other than reserve balances,with F.R.Banks                                        
  Treasury                                                    5,773    +     764    -     518        7,175
  Foreign                                                       106    -      24    -      51          139
  Service-related balances and adjustments (5)               10,117    -      61    +   2,410       10,117
  Other                                                         218    -       5    -     164          215
Other F.R. liabilities and capital                           19,174    -     263    -   1,486       19,260
        Total factors, other than reserve balances,                                        
        absorbing reserve funds                             696,716    -   1,998    +  45,774      698,697

Reserve balances with F.R. Banks  (6)                         8,541    +   1,724    -  58,332        9,627
                                                                
On September 18, 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 $    808,725 million, a change of $  -     230 million for the week. The total includes
$    653,134 million of U.S. government securities and $    155,591 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 $     21,992 million (daily average over statement week) and $     21,936 million (outstanding on 
   Wednesday statement date) matched sale-purchase transactions, of which $     21,992 million (daily average)
   and $     21,936 million (outstanding on Wednesday statement date) were with foreign official and international
   accounts.  Includes securities loans of $        395 million (daily average) and $        135 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 
   $      1,167 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 $      9,941 million and adjustments of $        176 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
                                                           Sep 18, 2002     Sep 11, 2002     Sep 19, 2001
                ASSETS
Gold certificate account                                        11,038                0        -       5
Special drawing rights certificate account                       2,200                0                0
Coin                                                             1,052        +      24        -      50
Loans                                                              168        +       6        -   2,505
Acceptances                                                          0                0                0
Repurchase agreements -- triparty (1)                           16,750        -   1,250        -  22,850
Federal agency obligations (2)          
  Bought outright                                                   10                0                0
  Held under repurchase agreements                                   0                0                0
U.S. government securities (2)           
  Bought outright--Bills                                       204,297        +     411        +  36,715
                   Notes (3)                                   295,879        +   1,236        +  38,843
                   Bonds (4)                                   106,097        +     106        +   4,092
    Total bought outright (5)                                  606,272        +   1,752        +  79,648
  Held under repurchase agreements                                   0                0                0
     Total U.S. government securities                          606,272        +   1,752        +  79,648
       Total loans and securities                              623,200        +     508        +  54,293
                          
Items in process of collection                    (1,236)        7,351        +      93        -   5,082
Bank premises                                                    1,523        +       3        +      13
Other assets (6)                                                36,676        +     472        +     681
                TOTAL ASSETS                      (1,236)      683,040        +   1,100        +  49,850
                          
                LIABILITIES
Federal Reserve notes                                          628,745        -   2,216        +  44,735
Reverse repurchase agreements -- triparty (1)                        0                0                0
Deposits                     
  Depository institutions                                       20,049        +     437        +   4,908
  U.S. Treasury--general account                                 7,175        +   2,659        +   1,762
  Foreign--official accounts                                       139        +      64        -     119
    Other                                             (0)          215                0        -      73
      Total deposits                                  (0)       27,578        +   3,159        +   6,477
Deferred availability cash items                  (1,236)        7,456        -      85        -     552
Other liabilities and accrued dividends (7)                      2,392        -      33        -   2,183
                TOTAL LIABILITIES                 (1,236)      666,172        +     825        +  48,478
                          
                CAPITAL ACCOUNTS
Capital paid in                                                  8,252        -       1        +   1,050
Surplus                                                          7,312                0        +     548
Other capital accounts                                           1,304        +     276        -     226

*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 
   $        653 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 
   $        513 million of compensation that adjusts for the effects of inflation on the principal of such 
   securities.
5  Net of $     21,936 million matched sale-purchase transactions outstanding at the end of the latest 
   statement week.  Includes securities loans of $        135 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, September 18, 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             157       26,020   +   7,849            0           0       13,750           0
16 days to 90 days          11      123,579   -   5,940            0           0        3,000           0
91 days to 1 year            0      147,865   -     211            0           0     ------      ------
Over 1 to 5 years                   175,654           0           10           0     ------      ------
Over 5 to 10 years                   51,436   +      53            0           0     ------      ------
Over 10 years                        81,718   +       1            0           0     ------      ------
                   		 	
Total                      168      606,272   +   1,752           10           0       16,750           0

1  Includes $     12,242 million of inflation-indexed securities valued at the original face amount and 
   $      1,167 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 September 18, 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                                           1,052         43         49         49         56        140        137        136         61         35         70        151        126
                       
Loans                                            168          0          0          0          0          0          8         28         30         67         20         10          5
Acceptances                                        0          0          0          0          0          0          0          0          0          0          0          0          0
Repurchase Agreements -- triparty(1)          16,750          0     16,750          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                     204,297     11,705     80,383      7,856     11,272     15,934     14,547     24,042      7,264      3,194      6,039      4,534     17,528
                   Notes (3)                 295,879     16,952    116,417     11,377     16,325     23,076     21,068     34,819     10,521      4,625      8,746      6,567     25,385
                   Bonds (4)                 106,097      6,079     41,745      4,080      5,854      8,275      7,555     12,485      3,773      1,659      3,136      2,355      9,103
     Total bought outright(5)                606,272     34,736    238,544     23,313     33,451     47,285     43,169     71,346     21,558      9,478     17,921     13,455     52,016
  Held under repurchase agreements                 0          0          0          0          0          0          0          0          0          0          0          0          0
     Total U.S. govt. securities             606,272     34,736    238,544     23,313     33,451     47,285     43,169     71,346     21,558      9,478     17,921     13,455     52,016
       Total loans and securities            623,200     34,737    255,298     23,313     33,452     47,286     43,178     71,376     21,588      9,545     17,942     13,465     52,021
                       
Items in process of collection                 8,587        462        904        447        409        549        817        623        394        486        465        385      2,648
Bank premises                                  1,523         91        183         49        153        130        279        112         43        125         49        138        172
Other assets(6)                               36,676      1,906     12,825      1,233      2,457      5,366      2,450      3,760        960        621        956        801      3,341
Interdistrict settlement account                   0    - 5,274    +24,799    - 5,187    - 4,879    -   366    - 2,611    -11,355    - 2,780    + 4,210    - 2,029    +10,778    - 5,304
          TOTAL ASSETS                       684,276     32,613    299,295     20,417     32,272     54,069     45,341     65,943     20,682     15,230     17,827     26,302     54,284

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  $        653 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  $        513 million 
   of compensation that adjusts for the effects of inflation on the principal of such securities.
5  Net of $     21,936 million matched sale-purchase transactions outstanding at the end of the latest statement week.  
   Includes securities loans of $        135 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 September 18, 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                         628,745     28,540    282,436     18,755     28,252     46,362     41,817     60,866     19,374     13,596     16,236     24,763     47,748
Reverse repurchase agreements--triparty(1)          0          0          0          0          0          0          0          0          0          0          0          0          0
Deposits                          
  Depository institutions                      20,049      2,483      4,202        581      2,019      2,584      1,484      2,420        506        370        697        669      2,034
  U.S. Treasury--general account                7,175          0      7,175          0          0          0          0          0          0          0          0          0          0
  Foreign--official accounts                      139          2        115          1          3          7          2          3          1          1          1          1          3
  Other                                           215          8        107          0          2         38          0          1          3         51          1          1          1
    Total deposits                             27,578      2,493     11,600        582      2,024      2,630      1,487      2,424        510        422        699        670      2,037
Deferred credit items                           8,692        546        796        480        460        721        802        671        274        564        385        402      2,592
Other liabilities and accrued                 
  dividends (2)                                 2,392        144        741        108        137        237        199        255        105         81         95         92        196
    TOTAL LIABILITIES                         667,408     31,724    295,574     19,924     30,872     49,949     44,306     64,217     20,263     14,663     17,415     25,928     52,573
                              
       CAPITAL ACCOUNTS                   
Capital paid in                                 8,252        432      1,769        238        692      2,067        473        837        199        326        199        183        838
Surplus                                         7,312        418      1,504        221        665      1,757        535        793        149        118        191        164        796
Other capital accounts                          1,304         39        449         34         43        296         28         97         71        123         21         27         78
     TOTAL LIABILITIES AND CAPITAL            
        ACCOUNTS                              684,276     32,613    299,295     20,417     32,272     54,069     45,341     65,943     20,682     15,230     17,827     26,302     54,284
                              
FEDERAL RESERVE AGENTS' ACCOUNTS              
                              
F.R. notes outstanding                        749,620     33,992    316,580     26,460     32,736     56,051     58,632     67,873     22,875     15,470     20,568     34,099     64,285
  Less--Held by F.R. Banks                    120,875      5,452     34,144      7,705      4,484      9,689     16,815      7,006      3,501      1,873      4,331      9,336     16,538
  F.R. notes, net                             628,745     28,540    282,436     18,755     28,252     46,362     41,817     60,866     19,374     13,596     16,236     24,763     47,748
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)        615,508
     Total collateral                         628,745

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

---

Home Economic research and data  Accessibility Contact Us  Last update: September 19, 2002