FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 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 Jul 20, 2005 Jul 13, 2005 Jul 21, 2004 Jul 20, 2005 Federal Reserve Banks Reserve Bank Credit 796,276 + 4,258 + 40,149 798,605 Securities held outright 724,709 - 5 + 32,428 724,707 U.S. Treasury (1) 724,709 - 5 + 32,428 724,707 Bills (2) 265,015 0 + 9,777 265,015 Notes and bonds, nominal (2) 437,374 0 + 17,224 437,374 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,787 - 5 + 756 2,785 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 31,643 + 4,750 + 8,107 33,750 Loans to depository institutions 367 + 92 + 127 990 Primary credit 128 + 77 + 102 738 Secondary credit 0 0 0 0 Seasonal credit 239 + 15 + 25 251 Float -538 - 569 - 271 -935 Other Federal Reserve assets 40,095 - 10 - 242 40,093 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,643 + 14 + 575 36,643 Total factors supplying reserve funds 846,159 + 4,271 + 40,719 848,489 Currency in circulation(5) 762,466 - 3,320 + 28,735 762,599 Reverse repurchase agreements (6) 26,631 + 1,215 + 6,747 28,196 Foreign official and international accounts 26,631 + 1,215 + 6,747 28,196 Dealers 0 0 0 0 Treasury cash holdings 236 - 1 - 64 243 Deposits with F.R.Banks, other than reserve balances 14,854 + 638 - 1,450 14,258 U.S. Treasury, general account 5,423 + 580 - 86 4,660 Foreign official 119 + 33 + 35 283 Service-related 9,006 0 - 1,414 9,006 Required clearing balances 9,006 0 - 1,414 9,006 Adjustments to compensate for float 0 0 0 0 Other 307 + 26 + 17 309 Other liabilities and capital 29,870 + 258 + 8,331 29,567 Total factors, other than reserve balances, absorbing reserve funds 834,057 - 1,209 + 42,299 834,862 Reserve balances with Federal Reserve Banks 12,102 + 5,481 - 1,580 13,627 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,446,031 + 3,407 + 207,292 1,447,340 U.S. Treasury 1,092,086 - 641 + 90,216 1,094,999 Federal agency 353,945 + 4,048 + 117,076 352,340 Securities lent to dealers 1,229 - 1,660 + 797 3,451 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 Jul 20, 2005 Jul 13, 2005 Jul 21, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 620 + 8 - 105 Securities, repurchase agreements, and loans 759,447 + 9,246 + 41,415 Securities held outright 724,707 - 5 + 32,408 U.S. Treasury (1) 724,707 - 5 + 32,408 Bills (2) 265,015 0 + 9,767 Notes and bonds, nominal (2) 437,374 0 + 17,224 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,785 - 5 + 746 Federal agency (2) 0 0 0 Repurchase agreements (4) 33,750 + 8,500 + 8,250 Loans 990 + 752 + 757 Items in process of collection (931) 5,406 - 1,036 - 152 Bank premises 1,822 + 8 + 122 Other assets (5) 38,292 - 273 - 314 Total assets (931) 818,823 + 7,953 + 40,962 Liabilities Federal Reserve notes net of FR Bank holdings 726,814 - 2,877 + 27,646 Reverse repurchase agreements (6) 28,196 + 2,599 + 8,290 Deposits (0) 27,905 + 8,134 - 3,869 Depository institutions 22,653 + 8,076 - 3,855 U.S. Treasury, general account 4,660 - 130 - 219 Foreign official 283 + 183 + 184 Other (0) 309 + 5 + 22 Deferred availability cash items (931) 6,341 + 163 + 479 Other liabilities and accrued dividends (7) 3,251 - 18 + 876 Total liabilities (931) 792,507 + 8,000 + 33,422 Capital Accounts Capital paid in 13,385 + 16 + 4,140 Surplus 11,484 + 2 + 2,657 Other capital accounts 1,448 - 65 + 743 Total capital 26,316 - 47 + 7,539 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, July 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 965 56,870 + 6,293 0 0 33,750 28,196 16 days to 90 days 25 159,410 - 6,796 0 0 0 0 91 days to 1 year 0 167,660 + 7,282 0 0 ------ ------ Over 1 to 5 years ------ 209,727 - 5,521 0 0 ------ ------ Over 5 to 10 years ------ 52,889 - 1,261 0 0 ------ ------ Over 10 years ------ 78,151 - 2 0 0 ------ ------ All 990 724,707 - 5 0 0 33,750 28,196 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 July 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 620 13 35 31 46 53 88 95 35 17 50 64 93 Securities, repurchase agreements, and loans 759,447 37,078 321,845 25,709 30,615 55,307 56,078 65,364 22,528 15,208 20,517 35,700 73,497 Securities held outright 724,707 37,078 287,372 25,709 30,615 55,307 56,067 65,263 22,488 15,136 20,498 35,693 73,481 U.S. Treasury (1) 724,707 37,078 287,372 25,709 30,615 55,307 56,067 65,263 22,488 15,136 20,498 35,693 73,481 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) 459,692 23,519 182,284 16,307 19,420 35,082 35,564 41,397 14,265 9,601 13,002 22,641 46,610 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 33,750 0 33,750 0 0 0 0 0 0 0 0 0 0 Loans 990 0 723 0 0 0 11 101 40 72 19 7 16 Items in process of collection 6,337 398 448 301 320 432 878 337 225 331 849 308 1,509 Bank premises 1,822 106 204 54 158 143 274 194 64 121 76 264 165 Other assets(5) 38,292 3,263 14,482 1,225 2,482 4,895 2,135 2,663 922 768 709 1,031 3,717 Interdistrict settlement account 0 - 1,916 -17,563 + 6,565 + 536 + 4,738 + 5,310 + 2,996 + 588 - 396 + 737 + 369 - 1,962 Total Assets 819,754 39,567 324,680 34,399 34,714 66,551 65,874 72,789 24,759 16,291 23,321 38,382 78,426 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 July 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 872,426 39,325 334,900 37,234 35,164 66,894 82,037 76,036 25,653 16,486 25,432 43,894 89,371 Less: notes held by F.R. Banks 145,612 4,265 45,133 6,168 5,428 12,307 23,680 10,035 2,954 2,274 4,831 8,492 20,044 Federal Reserve notes, net 726,814 35,060 289,766 31,065 29,736 54,587 58,358 66,002 22,699 14,212 20,601 35,402 69,327 Reverse repurchase agreements (1) 28,196 1,443 11,181 1,000 1,191 2,152 2,181 2,539 875 589 797 1,389 2,859 Deposits 27,905 961 14,401 601 809 2,467 2,696 1,772 493 327 727 702 1,948 Depository institutions 22,653 945 9,306 599 805 2,348 2,694 1,768 490 326 726 701 1,944 U.S. Treasury, general account 4,660 0 4,660 0 0 0 0 0 0 0 0 0 0 Foreign official 283 5 255 1 4 7 2 3 1 1 1 0 4 Other 309 11 180 0 1 111 0 1 2 0 1 0 0 Deferred availability cash items 7,272 542 810 531 573 502 713 434 173 564 761 398 1,274 Other liabilities and accrued dividends (2) 3,251 177 1,103 129 165 302 271 308 126 96 107 173 293 Total liabilities 793,438 38,183 317,261 33,326 32,474 60,009 64,219 71,055 24,366 15,788 22,994 38,064 75,700 Capital Capital paid in 13,385 173 3,627 734 1,128 3,958 862 857 138 243 160 149 1,356 Surplus 11,484 1,208 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,448 3 362 46 47 436 277 114 20 5 14 35 88 Total liabilities and capital 819,754 39,567 324,680 34,399 34,714 66,551 65,874 72,789 24,759 16,291 23,321 38,382 78,426 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 Jul 20, 2005 Federal Reserve notes outstanding 872,426 Less: Notes held by F.R. Banks not subject to collateralization 145,612 Federal Reserve Notes to be collateralized 726,814 Collateral held against Federal Reserve notes 726,814 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 713,577 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 758,457 Less:face value of securities under reverse repurchase agreements 28,386 U.S. Treasury and agency securities eligible to be pledged 730,071 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.