FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 11, 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 Aug 10, 2005 Aug 3, 2005 Aug 11, 2004 Aug 10, 2005 Federal Reserve Banks Reserve Bank Credit 791,658 - 7,447 + 36,871 790,553 Securities held outright 724,702 + 2 + 30,961 724,703 U.S. Treasury (1) 724,702 + 2 + 30,961 724,703 Bills (2) 265,015 0 + 9,767 265,015 Notes and bonds, nominal (2) 437,374 0 + 15,828 437,374 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,780 + 2 + 695 2,781 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,964 - 7,786 + 5,928 24,500 Loans to depository institutions 269 - 440 + 30 285 Primary credit 2 - 446 - 14 2 Secondary credit 0 0 0 0 Seasonal credit 267 + 5 + 44 283 Float -354 + 391 - 54 -231 Other Federal Reserve assets 41,077 + 386 + 6 41,297 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,685 + 14 + 567 36,685 Total factors supplying reserve funds 841,584 - 7,433 + 37,435 840,479 Currency in circulation(5) 764,596 + 1,391 + 29,574 765,825 Reverse repurchase agreements (6) 23,111 - 2,635 + 2,689 23,640 Foreign official and international accounts 23,111 - 2,635 + 2,689 23,640 Dealers 0 0 0 0 Treasury cash holdings 246 - 5 - 43 250 Deposits with F.R.Banks, other than reserve balances 14,509 + 396 - 1,472 15,255 U.S. Treasury, general account 4,989 - 23 - 75 5,679 Foreign official 92 - 3 + 11 156 Service-related 9,118 + 423 - 1,420 9,118 Required clearing balances 9,118 + 423 - 1,411 9,118 Adjustments to compensate for float 0 0 - 10 0 Other 310 - 1 + 12 302 Other liabilities and capital 30,680 + 316 + 8,830 30,395 Total factors, other than reserve balances, absorbing reserve funds 833,141 - 538 + 39,577 835,364 Reserve balances with Federal Reserve Banks 8,443 - 6,895 - 2,143 5,115 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,461,303 + 6,159 + 205,039 1,465,456 U.S. Treasury 1,092,289 - 896 + 74,350 1,096,279 Federal agency 369,014 + 7,055 + 130,689 369,178 Securities lent to dealers 3,481 - 891 + 2,733 3,055 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 Aug 10, 2005 Aug 3, 2005 Aug 11, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 636 + 11 - 114 Securities, repurchase agreements, and loans 749,488 - 10,542 + 39,511 Securities held outright 724,703 + 3 + 30,957 U.S. Treasury (1) 724,703 + 3 + 30,957 Bills (2) 265,015 0 + 9,767 Notes and bonds, nominal (2) 437,374 0 + 15,828 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,781 + 3 + 691 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,500 - 7,500 + 8,500 Loans 285 - 3,045 + 54 Items in process of collection (995) 5,925 - 125 + 608 Bank premises 1,827 + 2 + 117 Other assets (5) 39,526 + 383 + 101 Total assets (995) 810,638 - 10,272 + 40,220 Liabilities Federal Reserve notes net of FR Bank holdings 730,022 + 421 + 28,814 Reverse repurchase agreements (6) 23,640 + 1,065 + 3,034 Deposits (0) 20,428 - 10,945 - 620 Depository institutions 14,291 - 11,839 - 1,793 U.S. Treasury, general account 5,679 + 866 + 1,062 Foreign official 156 + 72 + 74 Other (0) 302 - 44 + 37 Deferred availability cash items (995) 6,154 - 835 + 268 Other liabilities and accrued dividends (7) 3,412 + 80 + 900 Total liabilities (995) 783,655 - 10,215 + 32,394 Capital Accounts Capital paid in 13,407 + 17 + 4,147 Surplus 11,600 + 33 + 2,744 Other capital accounts 1,977 - 106 + 937 Total capital 26,983 - 57 + 7,826 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, August 10, 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 44 55,401 - 482 0 0 24,500 23,640 16 days to 90 days 241 158,385 - 705 0 0 0 0 91 days to 1 year 0 172,293 + 1,187 0 0 ------ ------ Over 1 to 5 years ------ 207,588 + 1 0 0 ------ ------ Over 5 to 10 years ------ 52,888 + 1 0 0 ------ ------ Over 10 years ------ 78,149 + 1 0 0 ------ ------ All 285 724,703 + 3 0 0 24,500 23,640 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 August 10, 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 636 13 34 29 48 55 98 87 37 15 52 71 97 Securities, repurchase agreements, and loans 749,488 37,078 311,872 25,708 30,615 55,307 56,073 65,358 22,534 15,225 20,530 35,699 73,488 Securities held outright 724,703 37,078 287,370 25,708 30,615 55,307 56,067 65,263 22,488 15,136 20,498 35,693 73,480 U.S. Treasury (1) 724,703 37,078 287,370 25,708 30,615 55,307 56,067 65,263 22,488 15,136 20,498 35,693 73,480 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) 459,688 23,519 182,282 16,307 19,420 35,082 35,564 41,397 14,265 9,601 13,002 22,640 46,609 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,500 0 24,500 0 0 0 0 0 0 0 0 0 0 Loans 285 0 2 0 0 0 6 95 46 89 33 6 8 Items in process of collection 6,920 556 374 357 535 420 1,021 379 178 242 820 462 1,576 Bank premises 1,827 106 205 54 156 143 273 200 65 120 76 263 165 Other assets(5) 39,526 3,365 14,956 1,166 2,563 5,033 2,262 2,768 965 797 735 1,072 3,844 Interdistrict settlement account 0 - 2,405 -14,685 + 6,682 + 440 + 4,864 + 3,386 + 2,486 + 653 - 476 + 546 - 629 - 863 Total Assets 811,634 39,339 317,984 34,510 34,914 66,804 64,224 72,418 24,830 16,167 23,143 37,586 79,713 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 August 10, 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 878,586 39,435 333,941 37,439 35,554 67,540 81,483 76,533 26,054 16,765 25,810 46,915 91,118 Less: notes held by F.R. Banks 148,564 4,723 42,977 6,214 5,313 12,740 23,364 10,417 3,064 2,457 4,923 12,151 20,222 Federal Reserve notes, net 730,022 34,711 290,964 31,225 30,241 54,799 58,119 66,116 22,990 14,308 20,887 34,764 70,896 Reverse repurchase agreements (1) 23,640 1,210 9,374 839 999 1,804 1,829 2,129 734 494 669 1,164 2,397 Deposits 20,428 1,173 8,284 581 584 2,621 1,544 1,657 451 340 533 667 1,991 Depository institutions 14,291 1,166 2,315 580 579 2,483 1,542 1,655 447 339 532 666 1,986 U.S. Treasury, general account 5,679 0 5,679 0 0 0 0 0 0 0 0 0 0 Foreign official 156 5 127 1 4 7 2 3 1 1 1 0 4 Other 302 3 162 0 1 131 0 0 3 0 1 0 0 Deferred availability cash items 7,149 550 725 597 637 530 680 436 126 416 598 489 1,366 Other liabilities and accrued dividends (2) 3,412 182 1,154 135 174 333 280 323 130 102 112 179 308 Total liabilities 784,651 37,826 310,500 33,376 32,635 60,087 62,453 70,660 24,431 15,660 22,799 37,264 76,958 Capital Capital paid in 13,407 173 3,632 742 1,129 3,958 861 860 138 243 170 150 1,350 Surplus 11,600 1,323 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,977 17 423 99 86 610 394 134 25 9 21 37 122 Total liabilities and capital 811,634 39,339 317,984 34,510 34,914 66,804 64,224 72,418 24,830 16,167 23,143 37,586 79,713 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 Aug 10, 2005 Federal Reserve notes outstanding 878,586 Less: Notes held by F.R. Banks not subject to collateralization 148,564 Federal Reserve Notes to be collateralized 730,022 Collateral held against Federal Reserve notes 730,022 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 716,785 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 749,203 Less:face value of securities under reverse repurchase agreements 23,662 U.S. Treasury and agency securities eligible to be pledged 725,541 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.