FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 27, 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 Oct 26, 2005 Oct 19, 2005 Oct 27, 2004 Oct 26, 2005 Federal Reserve Banks Reserve Bank Credit 797,931 - 3,014 + 27,328 801,552 Securities held outright 738,282 + 487 + 33,117 739,542 U.S. Treasury (1) 738,282 + 487 + 33,117 739,542 Bills (2) 270,256 + 318 + 11,139 270,649 Notes and bonds, nominal (2) 445,033 + 143 + 16,388 445,890 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 19,983 Inflation compensation (3) 3,009 + 26 + 868 3,019 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 19,071 - 2,143 - 4,929 21,750 Loans to depository institutions 222 - 4 + 24 176 Primary credit 40 + 30 - 11 8 Secondary credit 0 0 0 0 Seasonal credit 183 - 32 + 36 168 Float 465 - 1,516 + 326 52 Other Federal Reserve assets 39,891 + 163 - 1,210 40,032 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,541 + 14 + 199 36,541 Total factors supplying reserve funds 847,713 - 3,000 + 27,525 851,334 Currency in circulation(5) 767,923 - 1,104 + 27,216 769,239 Reverse repurchase agreements (6) 24,218 - 1,828 - 2,079 23,654 Foreign official and international accounts 24,218 - 1,828 - 2,079 23,654 Dealers 0 0 0 0 Treasury cash holdings 220 + 1 - 81 211 Deposits with F.R.Banks, other than reserve balances 14,143 + 587 - 1,670 13,783 U.S. Treasury, general account 5,149 + 594 + 201 4,727 Foreign official 96 - 6 + 10 165 Service-related 8,588 - 1 - 1,899 8,588 Required clearing balances 8,588 - 1 - 1,899 8,588 Adjustments to compensate for float 0 0 0 0 Other 310 0 + 19 303 Other liabilities and capital 31,673 + 100 + 7,571 31,486 Total factors, other than reserve balances, absorbing reserve funds 838,177 - 2,244 + 30,957 838,373 Reserve balances with Federal Reserve Banks 9,537 - 755 - 3,431 12,961 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,476,356 + 8,042 + 177,275 1,479,343 U.S. Treasury 1,087,715 + 59 + 36,509 1,087,713 Federal agency 388,640 + 7,982 + 140,766 391,629 Securities lent to dealers 4,506 + 1,384 + 2,953 6,622 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 Oct 26, 2005 Oct 19, 2005 Oct 27, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 727 + 9 - 40 Securities, repurchase agreements, and loans 761,467 + 6,964 + 30,847 Securities held outright 739,542 + 1,527 + 32,812 U.S. Treasury (1) 739,542 + 1,527 + 32,812 Bills (2) 270,649 + 500 + 11,448 Notes and bonds, nominal (2) 445,890 + 1,000 + 15,765 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 Inflation compensation (3) 3,019 + 26 + 877 Federal agency (2) 0 0 0 Repurchase agreements (4) 21,750 + 5,500 - 2,000 Loans 176 - 62 + 36 Items in process of collection (957) 6,186 - 2,579 - 444 Bank premises 1,844 + 3 + 96 Other assets (5) 38,143 + 462 - 1,514 Total assets (957) 821,604 + 4,859 + 28,943 Liabilities Federal Reserve notes net of FR Bank holdings 733,631 - 40 + 26,480 Reverse repurchase agreements (6) 23,654 - 1,428 - 2,107 Deposits (0) 26,699 + 6,875 - 3,246 Depository institutions 21,504 + 6,544 - 3,443 U.S. Treasury, general account 4,727 + 258 + 145 Foreign official 165 + 78 + 52 Other (0) 303 - 5 0 Deferred availability cash items (957) 6,134 - 849 - 62 Other liabilities and accrued dividends (7) 4,008 + 71 + 1,159 Total liabilities (957) 794,126 + 4,630 + 22,224 Capital Accounts Capital paid in 13,451 + 16 + 2,924 Surplus 11,630 0 + 2,783 Other capital accounts 2,397 + 213 + 1,012 Total capital 27,478 + 229 + 6,718 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, October 26, 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 174 56,437 - 870 0 0 21,750 23,654 16 days to 90 days 2 159,406 + 1,810 0 0 0 0 91 days to 1 year 0 183,293 + 60 0 0 ------ ------ Over 1 to 5 years ------ 210,625 + 511 0 0 ------ ------ Over 5 to 10 years ------ 52,611 + 5 0 0 ------ ------ Over 10 years ------ 77,170 + 11 0 0 ------ ------ All 176 739,542 + 1,527 0 0 21,750 23,654 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 October 26, 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 727 28 53 48 56 61 98 82 36 20 59 72 114 Securities, repurchase agreements, and loans 761,467 37,840 315,005 26,237 31,242 56,439 57,221 66,653 22,994 15,482 20,942 36,424 74,989 Securities held outright 739,542 37,837 293,254 26,235 31,242 56,439 57,215 66,599 22,949 15,446 20,917 36,424 74,985 U.S. Treasury (1) 739,542 37,837 293,254 26,235 31,242 56,439 57,215 66,599 22,949 15,446 20,917 36,424 74,985 Bills (2) 270,649 13,847 107,322 9,601 11,434 20,655 20,939 24,373 8,398 5,653 7,655 13,330 27,442 Notes and bonds(3) 468,893 23,990 185,932 16,634 19,808 35,784 36,276 42,226 14,550 9,793 13,262 23,094 47,543 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 21,750 0 21,750 0 0 0 0 0 0 0 0 0 0 Loans 176 3 1 3 0 0 6 54 45 36 24 0 5 Items in process of collection 7,143 434 321 291 343 499 1,389 446 274 360 940 387 1,460 Bank premises 1,844 109 205 54 157 143 272 209 69 120 80 262 165 Other assets(5) 38,143 3,262 14,501 1,067 2,483 4,857 2,153 2,672 928 770 709 1,028 3,712 Interdistrict settlement account 0 - 3,594 -20,036 + 6,387 + 1,260 + 6,416 + 3,542 + 1,225 + 22 - 829 + 39 - 5,416 +10,984 Total Assets 822,561 38,704 315,278 34,599 36,098 69,398 65,786 72,428 24,721 16,165 23,152 33,402 92,829 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 October 26, 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 891,899 39,080 330,011 37,475 36,392 68,391 81,525 77,170 26,377 16,837 26,117 47,508 105,016 Less: notes held by F.R. Banks 158,268 4,884 44,189 6,200 5,963 13,146 22,566 11,053 3,590 2,584 5,440 17,004 21,651 Federal Reserve notes, net 733,631 34,196 285,822 31,275 30,429 55,244 58,959 66,118 22,787 14,253 20,677 30,505 83,365 Reverse repurchase agreements (1) 23,654 1,210 9,380 839 999 1,805 1,830 2,130 734 494 669 1,165 2,398 Deposits 26,699 806 10,432 531 1,724 4,410 2,084 1,686 498 318 678 653 2,878 Depository institutions 21,504 798 5,397 530 1,719 4,281 2,082 1,683 496 317 676 652 2,874 U.S. Treasury, general account 4,727 0 4,727 0 0 0 0 0 0 0 0 0 0 Foreign official 165 5 136 1 4 7 2 3 1 1 1 0 4 Other 303 3 172 0 1 122 0 1 2 0 1 1 0 Deferred availability cash items 7,091 580 709 493 624 577 795 344 172 480 647 559 1,112 Other liabilities and accrued dividends (2) 4,008 210 1,372 161 203 424 324 366 145 111 128 196 368 Total liabilities 795,083 37,001 307,715 33,300 33,979 62,460 63,993 70,645 24,336 15,656 22,799 33,078 90,121 Capital Capital paid in 13,451 316 3,660 744 1,027 3,938 869 866 141 244 170 149 1,325 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,397 34 474 260 27 851 408 153 9 11 30 40 100 Total liabilities and capital 822,561 38,704 315,278 34,599 36,098 69,398 65,786 72,428 24,721 16,165 23,152 33,402 92,829 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 Oct 26, 2005 Federal Reserve notes outstanding 891,899 Less: Notes held by F.R. Banks not subject to collateralization 158,268 Federal Reserve Notes to be collateralized 733,631 Collateral held against Federal Reserve notes 733,631 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 720,394 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 761,292 Less:face value of securities under reverse repurchase agreements 23,676 U.S. Treasury and agency securities eligible to be pledged 737,616 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.