FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 3, 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 Nov 2, 2005 Oct 26, 2005 Nov 3, 2004 Nov 2, 2005 Federal Reserve Banks Reserve Bank Credit 801,887 + 3,955 + 28,536 795,735 Securities held outright 740,525 + 2,243 + 33,502 740,614 U.S. Treasury (1) 740,525 + 2,243 + 33,502 740,614 Bills (2) 270,711 + 455 + 11,391 270,781 Notes and bonds, nominal (2) 446,792 + 1,759 + 16,495 446,792 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 19,983 Inflation compensation (3) 3,038 + 29 + 894 3,057 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 20,536 + 1,465 - 3,750 14,500 Loans to depository institutions 154 - 68 + 39 129 Primary credit 5 - 35 - 3 0 Secondary credit 0 0 0 0 Seasonal credit 148 - 35 + 41 128 Float 371 - 94 + 43 380 Other Federal Reserve assets 40,301 + 410 - 1,298 40,112 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,485 + 14 + 121 36,485 Total factors supplying reserve funds 851,613 + 3,969 + 28,655 845,460 Currency in circulation(5) 768,457 + 604 + 25,902 770,059 Reverse repurchase agreements (6) 25,347 + 1,129 - 1,497 24,939 Foreign official and international accounts 25,347 + 1,129 - 1,497 24,939 Dealers 0 0 0 0 Treasury cash holdings 213 - 7 - 87 225 Deposits with F.R.Banks, other than reserve balances 14,177 + 34 - 2,084 13,703 U.S. Treasury, general account 4,981 - 168 - 294 4,499 Foreign official 105 + 9 + 20 106 Service-related 8,782 + 194 - 1,789 8,782 Required clearing balances 8,782 + 194 - 1,789 8,782 Adjustments to compensate for float 0 0 0 0 Other 308 - 2 - 23 316 Other liabilities and capital 31,872 + 199 + 7,993 31,437 Total factors, other than reserve balances, absorbing reserve funds 840,065 + 1,958 + 30,226 840,363 Reserve balances with Federal Reserve Banks 11,548 + 2,011 - 1,570 5,097 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,477,826 + 1,470 + 177,027 1,474,199 U.S. Treasury 1,086,477 - 1,238 + 33,872 1,080,978 Federal agency 391,350 + 2,710 + 143,157 393,221 Securities lent to dealers 3,123 - 1,383 + 2,682 3,365 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 Nov 2, 2005 Oct 26, 2005 Nov 3, 2004 Assets Gold certificate account 11,036 - 1 - 3 Special drawing rights certificate account 2,200 0 0 Coin 727 0 - 52 Securities, repurchase agreements, and loans 755,242 - 6,225 + 26,780 Securities held outright 740,614 + 1,072 + 32,484 U.S. Treasury (1) 740,614 + 1,072 + 32,484 Bills (2) 270,781 + 132 + 11,388 Notes and bonds, nominal (2) 446,792 + 902 + 15,464 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 Inflation compensation (3) 3,057 + 38 + 910 Federal agency (2) 0 0 0 Repurchase agreements (4) 14,500 - 7,250 - 5,750 Loans 129 - 47 + 47 Items in process of collection (1,355) 7,850 + 1,664 + 136 Bank premises 1,843 - 1 + 102 Other assets (5) 38,204 + 61 - 1,765 Total assets (1,355) 817,102 - 4,502 + 25,199 Liabilities Federal Reserve notes net of FR Bank holdings 734,523 + 892 + 24,911 Reverse repurchase agreements (6) 24,939 + 1,285 - 1,573 Deposits (1) 18,734 - 7,965 - 6,375 Depository institutions 13,813 - 7,691 - 5,871 U.S. Treasury, general account 4,499 - 228 - 472 Foreign official 106 - 59 + 24 Other (1) 316 + 13 - 56 Deferred availability cash items (1,354) 7,469 + 1,335 + 424 Other liabilities and accrued dividends (7) 4,031 + 23 + 1,082 Total liabilities (1,355) 789,696 - 4,430 + 18,469 Capital Accounts Capital paid in 13,455 + 4 + 2,911 Surplus 11,630 0 + 2,783 Other capital accounts 2,322 - 75 + 1,037 Total capital 27,406 - 72 + 6,730 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, November 2, 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 13 57,663 + 1,226 0 0 14,500 24,939 16 days to 90 days 116 158,746 - 660 0 0 0 0 91 days to 1 year 0 182,848 - 445 0 0 ------ ------ Over 1 to 5 years ------ 210,651 + 26 0 0 ------ ------ Over 5 to 10 years ------ 52,617 + 6 0 0 ------ ------ Over 10 years ------ 78,089 + 919 0 0 ------ ------ All 129 740,614 + 1,072 0 0 14,500 24,939 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 November 2, 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 11,036 510 4,354 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 727 29 52 49 54 63 96 81 36 21 59 72 115 Securities, repurchase agreements, and loans 755,242 37,892 308,179 26,273 31,287 56,521 57,305 66,738 23,016 15,495 20,965 36,476 75,094 Securities held outright 740,614 37,892 293,679 26,273 31,287 56,521 57,298 66,696 22,982 15,468 20,948 36,476 75,094 U.S. Treasury (1) 740,614 37,892 293,679 26,273 31,287 56,521 57,298 66,696 22,982 15,468 20,948 36,476 75,094 Bills (2) 270,781 13,854 107,374 9,606 11,439 20,665 20,949 24,385 8,403 5,655 7,659 13,336 27,456 Notes and bonds(3) 469,833 24,038 186,305 16,667 19,848 35,856 36,349 42,311 14,579 9,813 13,289 23,140 47,638 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 14,500 0 14,500 0 0 0 0 0 0 0 0 0 0 Loans 129 0 0 0 0 0 7 42 35 27 18 0 0 Items in process of collection 9,205 538 439 384 456 508 2,221 481 285 432 930 544 1,987 Bank premises 1,843 108 204 53 157 143 272 211 68 120 80 261 164 Other assets(5) 38,204 3,260 14,532 1,068 2,478 4,857 2,171 2,680 932 768 710 1,032 3,714 Interdistrict settlement account 0 - 3,658 -16,723 + 6,535 + 907 + 3,893 + 2,078 + 1,145 + 159 - 813 + 27 - 5,196 +11,646 Total Assets 818,457 38,795 311,911 34,877 35,896 66,968 65,254 72,476 24,895 16,265 23,156 33,837 94,127 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 November 2, 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 893,853 39,032 329,939 37,467 36,364 68,404 81,311 77,136 26,427 16,948 26,148 47,582 107,096 Less: notes held by F.R. Banks 159,330 4,849 45,237 6,249 5,789 13,160 22,875 10,826 3,620 2,675 5,436 17,006 21,609 Federal Reserve notes, net 734,523 34,183 284,702 31,218 30,575 55,244 58,436 66,310 22,807 14,274 20,712 30,577 85,487 Reverse repurchase agreements (1) 24,939 1,276 9,889 885 1,054 1,903 1,929 2,246 774 521 705 1,228 2,529 Deposits 18,735 725 7,645 624 1,039 1,799 1,584 1,380 611 300 577 713 1,740 Depository institutions 13,813 718 2,897 623 1,035 1,659 1,581 1,377 603 299 575 712 1,735 U.S. Treasury, general account 4,499 0 4,499 0 0 0 0 0 0 0 0 0 0 Foreign official 106 5 78 1 4 7 2 3 1 1 1 0 4 Other 317 1 172 0 0 132 1 1 8 0 1 1 0 Deferred availability cash items 8,823 716 767 675 924 638 1,183 398 167 555 684 802 1,314 Other liabilities and accrued dividends (2) 4,031 212 1,375 162 204 426 334 366 146 110 127 202 368 Total liabilities 791,051 37,111 304,378 33,563 33,795 60,010 63,465 70,700 24,504 15,760 22,805 33,521 91,437 Capital Capital paid in 13,455 316 3,660 746 1,027 3,939 869 867 143 244 170 149 1,325 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,322 14 444 274 9 872 403 146 12 7 27 31 82 Total liabilities and capital 818,457 38,795 311,911 34,877 35,896 66,968 65,254 72,476 24,895 16,265 23,156 33,837 94,127 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 Nov 2, 2005 Federal Reserve notes outstanding 893,853 Less: Notes held by F.R. Banks not subject to collateralization 159,330 Federal Reserve Notes to be collateralized 734,523 Collateral held against Federal Reserve notes 734,523 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 721,286 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 755,114 Less:face value of securities under reverse repurchase agreements 24,965 U.S. Treasury and agency securities eligible to be pledged 730,148 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.