FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 16, 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 15, 2005 Jun 8, 2005 Jun 16, 2004 Jun 15, 2005 Federal Reserve Banks Reserve Bank Credit 787,960 - 2,035 + 41,582 793,012 Securities held outright 725,482 + 34 + 40,502 725,495 U.S. Treasury (1) 725,482 + 34 + 40,502 725,495 Bills (2) 265,015 0 + 13,102 265,015 Notes and bonds, nominal (2) 438,678 0 + 21,984 438,678 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,680 + 34 + 772 2,693 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 23,714 - 1,786 + 893 29,000 Loans to depository institutions 162 + 10 - 7 151 Primary credit 14 + 12 - 20 0 Secondary credit 0 0 0 0 Seasonal credit 148 - 2 + 13 151 Float -721 - 422 - 361 -962 Other Federal Reserve assets 39,323 + 129 + 555 39,329 Gold stock 11,041 - 1 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,629 + 14 + 647 36,629 Total factors supplying reserve funds 837,830 - 2,021 + 42,225 842,882 Currency in circulation(5) 759,614 - 1,549 + 34,696 760,312 Reverse repurchase agreements (6) 23,691 - 652 + 3,635 23,147 Foreign official and international accounts 23,691 - 652 + 3,635 23,147 Dealers 0 0 0 0 Treasury cash holdings 280 - 7 - 44 271 Deposits with F.R.Banks, other than reserve balances 14,606 + 574 - 2,268 18,802 U.S. Treasury, general account 5,534 + 756 - 661 9,849 Foreign official 93 - 11 - 39 91 Service-related 8,608 - 222 - 1,687 8,608 Required clearing balances 8,608 - 222 - 1,687 8,608 Adjustments to compensate for float 0 0 0 0 Other 372 + 51 + 120 255 Other liabilities and capital 29,399 + 151 + 7,988 28,972 Total factors, other than reserve balances, absorbing reserve funds 827,591 - 1,482 + 44,008 831,504 Reserve balances with Federal Reserve Banks 10,240 - 538 - 1,782 11,377 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,436,334 + 4,697 + 209,022 1,436,087 U.S. Treasury 1,091,824 + 3,008 + 98,339 1,092,127 Federal agency 344,510 + 1,689 + 110,683 343,960 Securities lent to dealers 5,166 + 767 + 4,240 5,614 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 15, 2005 Jun 8, 2005 Jun 16, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 629 + 17 - 115 Securities, repurchase agreements, and loans 754,645 - 1,465 + 50,478 Securities held outright 725,495 + 35 + 40,502 U.S. Treasury (1) 725,495 + 35 + 40,502 Bills (2) 265,015 0 + 13,093 Notes and bonds, nominal (2) 438,678 0 + 21,984 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,693 + 34 + 781 Federal agency (2) 0 0 0 Repurchase agreements (4) 29,000 - 1,500 + 10,000 Loans 151 + 2 - 23 Items in process of collection (1,037) 5,333 - 1,404 - 544 Bank premises 1,823 + 2 + 135 Other assets (5) 37,492 - 108 + 376 Total assets (1,037) 813,159 - 2,958 + 50,325 Liabilities Federal Reserve notes net of FR Bank holdings 724,579 - 1,122 + 33,965 Reverse repurchase agreements (6) 23,147 - 809 + 5,176 Deposits (0) 30,165 - 195 + 3,519 Depository institutions 19,971 - 5,151 + 763 U.S. Treasury, general account 9,849 + 5,223 + 2,782 Foreign official 91 - 21 - 41 Other (0) 255 - 246 + 17 Deferred availability cash items (1,037) 6,295 - 411 - 63 Other liabilities and accrued dividends (7) 3,502 + 1 + 1,025 Total liabilities (1,037) 787,689 - 2,536 + 43,624 Capital Accounts Capital paid in 12,921 + 17 + 3,702 Surplus 11,396 - 44 + 2,549 Other capital accounts 1,152 - 396 + 450 Total capital 25,470 - 422 + 6,702 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 15, 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 29 61,853 + 7,238 0 0 29,000 23,147 16 days to 90 days 122 155,574 - 7,056 0 0 0 0 91 days to 1 year 0 159,709 - 182 0 0 ------ ------ Over 1 to 5 years ------ 216,552 + 14 0 0 ------ ------ Over 5 to 10 years ------ 53,769 + 5 0 0 ------ ------ Over 10 years ------ 78,038 + 15 0 0 ------ ------ All 151 725,495 + 35 0 0 29,000 23,147 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 15, 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 629 20 38 47 45 49 83 103 33 19 43 53 97 Securities, repurchase agreements, and loans 754,645 37,119 316,684 25,737 30,649 55,367 56,131 65,406 22,521 15,197 20,536 35,735 73,565 Securities held outright 725,495 37,119 287,684 25,737 30,649 55,367 56,128 65,334 22,513 15,152 20,520 35,732 73,561 U.S. Treasury (1) 725,495 37,119 287,684 25,737 30,649 55,367 56,128 65,334 22,513 15,152 20,520 35,732 73,561 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) 460,480 23,560 182,596 16,335 19,453 35,142 35,625 41,468 14,289 9,617 13,024 22,679 46,690 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 29,000 0 29,000 0 0 0 0 0 0 0 0 0 0 Loans 151 0 0 0 0 0 3 71 8 44 16 3 4 Items in process of collection 6,369 310 342 399 567 488 588 331 196 333 595 364 1,857 Bank premises 1,823 105 202 54 158 143 274 188 63 121 86 264 166 Other assets(5) 37,492 3,248 14,141 1,183 2,462 4,870 2,057 2,596 888 751 680 976 3,639 Interdistrict settlement account 0 - 1,874 - 7,340 + 4,896 + 900 + 4,665 + 2,929 + 3,093 + 465 - 446 + 371 - 3,814 - 3,844 Total Assets 814,195 39,553 329,296 32,830 35,337 66,565 63,172 72,856 24,564 16,218 22,694 34,225 76,886 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 15, 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 864,838 39,715 337,344 36,571 35,225 66,875 79,918 75,958 25,192 16,317 24,989 39,801 86,932 Less: notes held by F.R. Banks 140,258 4,195 42,024 6,657 5,277 12,223 23,042 9,732 2,874 2,026 4,677 8,253 19,279 Federal Reserve notes, net 724,579 35,520 295,319 29,915 29,949 54,652 56,876 66,226 22,318 14,291 20,312 31,548 67,653 Reverse repurchase agreements (1) 23,147 1,184 9,179 821 978 1,766 1,791 2,084 718 483 655 1,140 2,347 Deposits 30,165 847 15,514 861 1,410 2,764 1,891 2,159 556 343 757 726 2,336 Depository institutions 19,971 839 5,445 860 1,406 2,670 1,889 2,156 553 342 756 725 2,332 U.S. Treasury, general account 9,849 0 9,849 0 0 0 0 0 0 0 0 0 0 Foreign official 91 5 63 1 4 7 2 3 1 1 1 0 4 Other 255 4 158 0 1 87 0 1 2 0 1 0 0 Deferred availability cash items 7,332 510 785 477 629 537 972 353 174 489 542 318 1,546 Other liabilities and accrued dividends (2) 3,502 178 1,163 131 190 390 280 329 134 102 108 178 318 Total liabilities 788,725 38,240 321,961 32,205 33,156 60,110 61,809 71,152 23,900 15,708 22,374 33,910 74,200 Capital Capital paid in 12,921 173 3,618 308 1,127 3,958 665 845 330 253 156 148 1,340 Surplus 11,396 1,130 3,430 294 1,055 2,148 516 763 236 254 153 135 1,283 Other capital 1,152 11 288 22 0 350 182 96 98 2 10 31 63 Total liabilities and capital 814,195 39,553 329,296 32,830 35,337 66,565 63,172 72,856 24,564 16,218 22,694 34,225 76,886 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 15, 2005 Federal Reserve notes outstanding 864,838 Less: Notes held by F.R. Banks not subject to collateralization 140,258 Federal Reserve Notes to be collateralized 724,579 Collateral held against Federal Reserve notes 724,579 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 711,343 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 754,495 Less:face value of securities under reverse repurchase agreements 23,164 U.S. Treasury and agency securities eligible to be pledged 731,330 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.