FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 2, 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 Jun 1, 2005 May 25, 2005 Jun 2, 2004 Jun 1, 2005 Federal Reserve Banks Reserve Bank Credit 792,472 + 5,877 + 42,873 797,032 Securities held outright 724,565 + 2,377 + 43,097 725,426 U.S. Treasury (1) 724,565 + 2,377 + 43,097 725,426 Bills (2) 264,765 + 412 + 14,303 265,015 Notes and bonds, nominal (2) 438,078 + 1,924 + 23,419 438,678 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,614 + 41 + 731 2,625 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,714 + 3,357 - 36 31,500 Loans to depository institutions 156 + 6 + 29 144 Primary credit 11 + 3 + 3 0 Secondary credit 0 0 0 0 Seasonal credit 145 + 3 + 26 143 Float -999 - 213 - 920 1,111 Other Federal Reserve assets 39,035 + 350 + 702 38,851 Gold stock 11,042 + 1 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,657 + 14 + 733 36,657 Total factors supplying reserve funds 842,370 + 5,891 + 43,602 846,931 Currency in circulation(5) 760,559 + 6,195 + 33,998 762,237 Reverse repurchase agreements (6) 25,125 - 655 + 4,727 24,732 Foreign official and international accounts 25,125 - 655 + 4,727 24,732 Dealers 0 0 0 0 Treasury cash holdings 277 + 15 - 43 288 Deposits with F.R.Banks, other than reserve balances 14,125 + 481 - 491 13,264 U.S. Treasury, general account 4,927 - 9 + 835 4,039 Foreign official 84 + 2 - 19 80 Service-related 8,831 + 490 - 1,314 8,831 Required clearing balances 8,831 + 490 - 1,314 8,831 Adjustments to compensate for float 0 0 0 0 Other 284 - 2 + 7 314 Other liabilities and capital 29,297 + 319 + 7,637 28,703 Total factors, other than reserve balances, absorbing reserve funds 829,383 + 6,356 + 45,827 829,223 Reserve balances with Federal Reserve Banks 12,988 - 464 - 2,223 17,708 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,426,297 + 15,454 + 205,573 1,426,812 U.S. Treasury 1,084,979 + 4,660 + 100,127 1,084,093 Federal agency 341,318 + 10,794 + 105,446 342,720 Securities lent to dealers 4,440 + 1,016 + 1,689 4,016 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 Jun 1, 2005 May 25, 2005 Jun 2, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 602 - 31 - 116 Securities, repurchase agreements, and loans 757,070 + 2,929 + 52,925 Securities held outright 725,426 + 2,434 + 43,943 U.S. Treasury (1) 725,426 + 2,434 + 43,943 Bills (2) 265,015 + 500 + 14,543 Notes and bonds, nominal (2) 438,678 + 1,897 + 24,019 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,625 + 38 + 737 Federal agency (2) 0 0 0 Repurchase agreements (4) 31,500 + 500 + 9,000 Loans 144 - 5 - 18 Items in process of collection (965) 9,515 + 4,305 + 801 Bank premises 1,817 - 1 + 134 Other assets (5) 37,026 + 5 + 485 Total assets (965) 819,268 + 7,208 + 54,226 Liabilities Federal Reserve notes net of FR Bank holdings 726,465 + 4,721 + 33,114 Reverse repurchase agreements (6) 24,732 - 454 + 4,440 Deposits (0) 30,965 + 1,208 + 9,123 Depository institutions 26,531 + 2,650 + 6,661 U.S. Treasury, general account 4,039 - 1,479 + 2,447 Foreign official 80 + 1 - 2 Other (0) 314 + 36 + 16 Deferred availability cash items (965) 8,404 + 2,070 + 244 Other liabilities and accrued dividends (7) 3,408 - 16 + 1,004 Total liabilities (965) 793,973 + 7,528 + 47,924 Capital Accounts Capital paid in 12,894 + 35 + 3,690 Surplus 11,364 - 53 + 2,517 Other capital accounts 1,037 - 303 + 95 Total capital 25,295 - 320 + 6,303 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, June 1, 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 11 55,701 - 6,910 0 0 31,500 24,732 16 days to 90 days 133 153,864 + 724 0 0 0 0 91 days to 1 year 0 167,571 + 6,643 0 0 ------ ------ Over 1 to 5 years ------ 216,525 + 1,181 0 0 ------ ------ Over 5 to 10 years ------ 53,758 + 81 0 0 ------ ------ Over 10 years ------ 78,008 + 717 0 0 ------ ------ All 144 725,426 + 2,434 0 0 31,500 24,732 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 June 1, 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 602 21 36 45 45 45 75 107 34 22 43 45 85 Securities, repurchase agreements, and loans 757,070 37,115 319,157 25,734 30,646 55,362 56,129 65,397 22,526 15,189 20,529 35,732 73,555 Securities held outright 725,426 37,115 287,657 25,734 30,646 55,362 56,123 65,328 22,511 15,151 20,518 35,728 73,554 U.S. Treasury (1) 725,426 37,115 287,657 25,734 30,646 55,362 56,123 65,328 22,511 15,151 20,518 35,728 73,554 Bills (2) 265,015 13,559 105,088 9,401 11,196 20,225 20,503 23,866 8,224 5,535 7,496 13,052 26,871 Notes and bonds(3) 460,412 23,556 182,569 16,333 19,450 35,137 35,620 41,462 14,287 9,616 13,022 22,676 46,683 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 31,500 0 31,500 0 0 0 0 0 0 0 0 0 0 Loans 144 0 0 0 0 0 6 68 15 38 11 3 2 Items in process of collection 10,480 821 413 575 1,142 615 1,486 320 335 427 999 825 2,523 Bank premises 1,817 104 201 53 157 143 274 187 62 121 85 264 166 Other assets(5) 37,026 3,240 13,937 1,074 2,457 4,855 2,052 2,554 902 744 666 945 3,601 Interdistrict settlement account 0 - 178 - 8,781 + 5,579 + 583 + 4,029 + 2,548 + 3,313 - 408 - 279 - 504 - 3,703 - 2,199 Total Assets 820,233 41,748 330,192 33,576 35,587 66,032 63,675 73,018 23,848 16,465 22,201 34,755 79,137 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 June 1, 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 861,544 39,566 337,994 36,498 35,182 66,511 79,260 75,061 24,376 16,329 23,978 39,870 86,918 Less: notes held by F.R. Banks 135,079 4,073 40,561 6,756 5,032 11,765 22,421 9,261 2,751 1,971 4,404 8,113 17,972 Federal Reserve notes, net 726,465 35,493 297,434 29,742 30,151 54,747 56,839 65,800 21,625 14,358 19,574 31,757 68,945 Reverse repurchase agreements (1) 24,732 1,265 9,807 877 1,045 1,887 1,913 2,227 767 517 700 1,218 2,508 Deposits 30,965 1,214 13,567 1,367 1,381 3,307 2,276 2,420 524 416 844 797 2,852 Depository institutions 26,531 1,201 9,303 1,366 1,377 3,173 2,274 2,417 519 415 842 796 2,848 U.S. Treasury, general account 4,039 0 4,039 0 0 0 0 0 0 0 0 0 0 Foreign official 80 5 52 1 4 7 2 3 1 1 1 0 4 Other 314 8 173 0 0 127 0 0 4 0 1 0 0 Deferred availability cash items 9,369 899 926 845 663 725 1,025 552 170 569 661 491 1,842 Other liabilities and accrued dividends (2) 3,408 209 1,144 129 186 353 272 319 101 98 109 177 311 Total liabilities 794,938 39,080 322,878 32,961 33,426 61,018 62,325 71,318 23,188 15,959 21,887 34,440 76,458 Capital Capital paid in 12,894 1,550 3,608 306 1,126 2,552 663 863 330 253 156 148 1,340 Surplus 11,364 1,118 3,430 294 1,035 2,148 516 763 236 254 153 135 1,283 Other capital 1,037 0 276 15 0 314 171 73 95 0 5 32 56 Total liabilities and capital 820,233 41,748 330,192 33,576 35,587 66,032 63,675 73,018 23,848 16,465 22,201 34,755 79,137 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 Jun 1, 2005 Federal Reserve notes outstanding 861,544 Less: Notes held by F.R. Banks not subject to collateralization 135,079 Federal Reserve Notes to be collateralized 726,465 Collateral held against Federal Reserve notes 726,465 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 713,228 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 756,926 Less:face value of securities under reverse repurchase agreements 24,750 U.S. Treasury and agency securities eligible to be pledged 732,176 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.