FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 21, 2005 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Apr 20, 2005 Apr 13, 2005 Apr 21, 2004 Apr 20, 2005 Federal Reserve Banks Reserve Bank Credit 785,627 + 4,206 + 46,600 782,712 Securities held outright 717,398 + 29 + 42,612 717,409 U.S. Treasury (1) 717,398 + 29 + 42,612 717,409 Bills (2) 263,005 0 + 15,817 263,005 Notes and bonds, nominal (2) 432,885 0 + 21,497 432,885 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,400 + 29 + 654 2,410 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,464 + 4,571 + 2,935 23,750 Loans to depository institutions 85 - 195 - 10 88 Primary credit 5 - 206 - 29 0 Secondary credit 0 0 0 0 Seasonal credit 80 + 12 + 19 88 Float -471 - 359 + 219 56 Other Federal Reserve assets 41,150 + 158 + 842 41,409 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,644 + 14 + 834 36,644 Total factors supplying reserve funds 835,511 + 4,219 + 47,429 832,597 Currency in circulation(5) 753,462 - 770 + 36,537 754,206 Reverse repurchase agreements (6) 23,769 + 346 + 4,349 25,100 Foreign official and international accounts 23,769 + 346 + 4,349 25,100 Dealers 0 0 0 0 Treasury cash holdings 269 - 7 - 69 261 Deposits with F.R.Banks, other than reserve balances 14,039 - 1,019 - 2,970 12,927 U.S. Treasury, general account 5,201 + 26 - 1,429 4,102 Foreign official 102 + 22 + 6 84 Service-related 8,426 - 1,088 - 1,544 8,426 Required clearing balances 8,426 - 1,088 - 1,544 8,426 Adjustments to compensate for float 0 0 0 0 Other 311 + 23 - 2 315 Other liabilities and capital 28,643 + 315 + 8,081 28,527 Total factors, other than reserve balances, absorbing reserve funds 820,181 - 1,136 + 45,926 821,021 Reserve balances with Federal Reserve Banks 15,331 + 5,356 + 1,503 11,576 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,389,008 - 281 + 202,873 1,390,166 U.S. Treasury 1,074,641 - 5,378 + 118,598 1,079,018 Federal agency 314,367 + 5,097 + 84,274 311,148 Securities lent to dealers 885 + 314 - 1,786 601 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Estimated. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes U.S. Treasury STRIPS and other zero coupon bonds at face value. Sources: Federal Reserve Banks and the U.S. Department of the Treasury. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Apr 20, 2005 Apr 13, 2005 Apr 21, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 716 - 9 - 115 Securities, repurchase agreements, and loans 741,247 - 4,459 + 43,477 Securities held outright 717,409 + 29 + 42,472 U.S. Treasury (1) 717,409 + 29 + 42,472 Bills (2) 263,005 0 + 15,673 Notes and bonds, nominal (2) 432,885 0 + 21,497 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,410 + 29 + 657 Federal agency (2) 0 0 0 Repurchase agreements (4) 23,750 - 4,500 + 1,000 Loans 88 + 12 + 5 Items in process of collection (1,177) 7,210 + 333 + 366 Bank premises 1,805 + 2 + 142 Other assets (5) 39,426 + 218 + 926 Total assets (1,177) 803,641 - 3,916 + 44,792 Liabilities Federal Reserve notes net of FR Bank holdings 718,534 - 949 + 36,008 Reverse repurchase agreements (6) 25,100 + 2,342 + 5,840 Deposits (0) 24,326 - 5,170 - 5,410 Depository institutions 19,824 - 4,357 - 3,564 U.S. Treasury, general account 4,102 - 824 - 1,784 Foreign official 84 + 4 - 81 Other (0) 315 + 7 + 18 Deferred availability cash items (1,177) 7,154 - 320 + 289 Other liabilities and accrued dividends (7) 3,263 - 15 + 1,021 Total liabilities (1,177) 778,377 - 4,113 + 37,748 Capital Accounts Capital paid in 12,732 + 8 + 3,709 Surplus 11,320 + 91 + 2,552 Other capital accounts 1,212 + 98 + 783 Total capital 25,265 + 198 + 7,045 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Compensation that adjusts for the effect of inflation on the original face value of inflation-indexed securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securites. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 6 Cash value of agreements, which are collateralized by U.S. Treasury securities. 7 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 3. Maturity Distribution of Loans and Securities, April 20, 2005 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 84 58,118 + 10,211 0 0 23,750 25,100 16 days to 90 days 4 159,809 - 9,926 0 0 0 0 91 days to 1 year 0 159,694 - 285 0 0 ------ ------ Over 1 to 5 years ------ 212,919 + 426 0 0 ------ ------ Over 5 to 10 years ------ 49,885 - 409 0 0 ------ ------ Over 10 years ------ 76,984 + 13 0 0 ------ ------ All 88 717,409 + 29 0 0 23,750 25,100 Note: Components may not sum to totals because of rounding. --- Not applicable. 1 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 2 Cash value of agreements classified by remaining maturity of the agreements. 4. Statement of Condition of Each Federal Reserve Bank on April 20, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,037 510 4,355 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 716 24 41 63 57 54 72 126 39 25 50 60 104 Securities, repurchase agreements, and loans 741,247 36,708 308,228 25,450 30,307 54,750 55,503 64,649 22,272 15,008 20,296 35,336 72,741 Securities held outright 717,409 36,705 284,478 25,450 30,307 54,750 55,503 64,606 22,262 14,984 20,291 35,333 72,741 U.S. Treasury (1) 717,409 36,705 284,478 25,450 30,307 54,750 55,503 64,606 22,262 14,984 20,291 35,333 72,741 Bills (2) 263,005 13,456 104,291 9,330 11,111 20,072 20,347 23,685 8,161 5,493 7,439 12,953 26,667 Notes and bonds(3) 454,404 23,249 180,187 16,120 19,196 34,679 35,155 40,921 14,101 9,491 12,852 22,380 46,074 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 23,750 0 23,750 0 0 0 0 0 0 0 0 0 0 Loans 88 3 0 0 0 0 0 43 10 25 5 2 0 Items in process of collection 8,387 419 485 606 1,066 416 648 577 266 391 536 491 2,486 Bank premises 1,805 103 200 53 157 143 275 176 61 122 84 264 166 Other assets(5) 39,426 3,437 14,799 1,183 2,603 5,150 2,190 2,739 943 794 722 1,021 3,846 Interdistrict settlement account 0 - 146 - 2,313 + 3,362 + 252 + 4,604 + 978 + 492 + 63 - 16 - 183 - 2,852 - 4,243 Total Assets 804,818 41,170 326,669 31,232 35,000 66,100 60,777 69,899 24,043 16,566 21,889 34,968 76,505 Note: Components may not sum to totals because of rounding. 1 Includes securities lent to dealers, which are fully collateralized by other U.S. Treasury securities. 2 Face value of the securities. 3 Includes the original face value of inflation-indexed securities and compensation that adjusts for the effect of inflation on the original face value of such securities. 4 Cash value of agreements, which are collateralized by U.S. Treasury and federal agency securities. 5 Includes assets denominated in foreign currencies, which are revalued daily at market exchange rates. 4. Statement of Condition of Each Federal Reserve Bank on April 20, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 855,157 39,780 337,746 35,666 35,411 65,750 75,760 73,000 24,589 16,282 24,203 40,003 86,967 Less: notes held by F.R. Banks 136,623 4,559 39,141 7,616 5,367 12,461 20,875 9,285 3,138 1,753 4,622 7,832 19,974 Federal Reserve notes, net 718,534 35,221 298,604 28,050 30,044 53,289 54,886 63,715 21,451 14,529 19,581 32,171 66,992 Reverse repurchase agreements (1) 25,100 1,284 9,953 890 1,060 1,916 1,942 2,260 779 524 710 1,236 2,545 Deposits 24,326 1,078 8,910 818 961 5,045 1,526 1,530 572 387 692 660 2,146 Depository institutions 19,824 1,069 4,559 817 956 4,924 1,525 1,527 569 386 690 659 2,142 U.S. Treasury, general account 4,102 0 4,102 0 0 0 0 0 0 0 0 0 0 Foreign official 84 5 56 1 4 7 2 3 1 1 1 0 4 Other 315 4 193 0 1 113 0 1 2 0 1 0 0 Deferred availability cash items 8,331 732 854 728 647 548 1,159 395 183 508 476 414 1,688 Other liabilities and accrued dividends (2) 3,263 198 1,080 125 178 318 260 304 130 99 105 166 300 Total liabilities 779,553 38,513 319,402 30,612 32,889 61,115 59,773 68,205 23,114 16,047 21,565 34,647 73,672 Capital Capital paid in 12,732 1,554 3,503 300 1,096 2,551 429 822 537 253 155 147 1,384 Surplus 11,320 1,094 3,430 294 1,014 2,148 516 763 236 254 153 135 1,283 Other capital 1,212 9 334 26 0 286 60 108 155 12 17 38 167 Total liabilities and capital 804,818 41,170 326,669 31,232 35,000 66,100 60,777 69,899 24,043 16,566 21,889 34,968 76,505 Note: Components may not sum to totals because of rounding. 1 Cash value of agreements, which are collateralized by U.S. Treasury securities. 2 Includes exchange-translation account reflecting the daily revaluation at market exchange rates of foreign exchange commitments. 5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts Millions of dollars Federal Reserve notes and collateral Wednesday Apr 20, 2005 Federal Reserve notes outstanding 855,157 Less: Notes held by F.R. Banks not subject to collateralization 136,623 Federal Reserve Notes to be collateralized 718,534 Collateral held against Federal Reserve notes 718,534 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 705,297 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 741,159 Less:face value of securities under reverse repurchase agreements 25,118 U.S. Treasury and agency securities eligible to be pledged 716,040 Note: Components may not sum to totals because of rounding. 1 Includes face value of U.S. Treasury and agency securities held outright, compensation to adjust for the effect of inflation on the original face value of inflation-indexed securities, and cash value of repurchase agreements.