FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 28, 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 27, 2005 Jul 20, 2005 Jul 28, 2004 Jul 27, 2005 Federal Reserve Banks Reserve Bank Credit 793,287 - 2,986 + 41,062 796,177 Securities held outright 724,704 - 5 + 31,194 724,702 U.S. Treasury (1) 724,704 - 5 + 31,194 724,702 Bills (2) 265,015 0 + 9,767 265,015 Notes and bonds, nominal (2) 437,374 0 + 16,028 437,374 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,782 - 5 + 729 2,780 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,643 - 3,000 + 10,036 31,000 Loans to depository institutions 344 - 23 + 81 748 Primary credit 11 - 117 - 26 12 Secondary credit 67 + 67 + 67 470 Seasonal credit 266 + 27 + 40 266 Float -806 - 265 - 288 -713 Other Federal Reserve assets 40,403 + 308 + 40 40,440 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,657 + 14 + 579 36,657 Total factors supplying reserve funds 843,185 - 2,971 + 41,638 846,075 Currency in circulation(5) 760,999 - 1,467 + 27,963 763,041 Reverse repurchase agreements (6) 27,995 + 1,364 + 8,036 27,277 Foreign official and international accounts 27,995 + 1,364 + 8,036 27,277 Dealers 0 0 0 0 Treasury cash holdings 244 + 8 - 45 252 Deposits with F.R.Banks, other than reserve balances 13,987 - 867 - 1,148 13,486 U.S. Treasury, general account 4,878 - 545 - 78 4,417 Foreign official 111 - 8 + 34 81 Service-related 8,697 - 309 - 1,105 8,697 Required clearing balances 8,697 - 309 - 1,105 8,697 Adjustments to compensate for float 0 0 0 0 Other 301 - 6 + 1 291 Other liabilities and capital 30,099 + 229 + 8,773 29,918 Total factors, other than reserve balances, absorbing reserve funds 833,324 - 733 + 43,578 833,975 Reserve balances with Federal Reserve Banks 9,862 - 2,237 - 1,939 12,100 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,454,039 + 8,008 + 214,613 1,457,721 U.S. Treasury 1,095,153 + 3,067 + 90,082 1,096,591 Federal agency 358,885 + 4,940 + 124,529 361,130 Securities lent to dealers 1,698 + 469 + 635 6,647 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 27, 2005 Jul 20, 2005 Jul 28, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 625 + 5 - 110 Securities, repurchase agreements, and loans 756,450 - 2,997 + 40,801 Securities held outright 724,702 - 5 + 30,985 U.S. Treasury (1) 724,702 - 5 + 30,985 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) 2,780 - 5 + 719 Federal agency (2) 0 0 0 Repurchase agreements (4) 31,000 - 2,750 + 9,500 Loans 748 - 242 + 316 Items in process of collection (885) 5,483 + 77 + 500 Bank premises 1,821 - 1 + 114 Other assets (5) 38,676 + 384 - 35 Total assets (885) 816,294 - 2,529 + 41,268 Liabilities Federal Reserve notes net of FR Bank holdings 727,258 + 444 + 27,946 Reverse repurchase agreements (6) 27,277 - 919 + 7,914 Deposits (0) 25,644 - 2,261 - 3,825 Depository institutions 20,854 - 1,799 - 3,801 U.S. Treasury, general account 4,417 - 243 - 30 Foreign official 81 - 202 0 Other (0) 291 - 18 + 5 Deferred availability cash items (885) 6,197 - 144 + 433 Other liabilities and accrued dividends (7) 3,316 + 65 + 851 Total liabilities (885) 789,691 - 2,816 + 33,317 Capital Accounts Capital paid in 13,389 + 4 + 4,143 Surplus 11,513 + 29 + 2,734 Other capital accounts 1,701 + 253 + 1,074 Total capital 26,603 + 287 + 7,951 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 27, 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 720 56,404 - 466 0 0 31,000 27,277 16 days to 90 days 29 158,996 - 414 0 0 0 0 91 days to 1 year 0 168,541 + 881 0 0 ------ ------ Over 1 to 5 years ------ 209,725 - 2 0 0 ------ ------ Over 5 to 10 years ------ 52,888 - 1 0 0 ------ ------ Over 10 years ------ 78,149 - 2 0 0 ------ ------ All 748 724,702 - 5 0 0 31,000 27,277 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 27, 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 625 12 34 29 48 54 95 95 35 16 50 65 93 Securities, repurchase agreements, and loans 756,450 37,078 318,840 25,709 30,615 55,307 56,079 65,363 22,537 15,208 20,519 35,699 73,497 Securities held outright 724,702 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) 724,702 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) 459,687 23,519 182,282 16,307 19,420 35,082 35,564 41,397 14,264 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) 31,000 0 31,000 0 0 0 0 0 0 0 0 0 0 Loans 748 0 470 1 0 0 12 100 49 73 21 6 17 Items in process of collection 6,369 429 334 296 424 281 854 562 215 302 747 420 1,506 Bank premises 1,821 106 205 54 157 143 274 193 64 121 76 264 165 Other assets(5) 38,676 3,294 14,651 1,172 2,507 4,922 2,182 2,708 934 778 720 1,047 3,761 Interdistrict settlement account 0 - 2,351 -16,867 + 6,626 + 966 + 4,196 + 4,182 + 3,031 + 681 - 610 + 754 + 632 - 1,239 Total Assets 817,179 39,192 322,425 34,401 35,274 65,886 64,776 73,092 24,864 16,057 23,249 38,773 79,189 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 27, 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 874,374 39,426 334,606 37,221 35,365 67,114 81,881 76,155 25,913 16,558 25,648 44,553 89,932 Less: notes held by F.R. Banks 147,117 4,727 44,637 6,206 5,536 12,443 23,920 10,035 3,091 2,446 4,923 8,844 20,310 Federal Reserve notes, net 727,258 34,699 289,969 31,016 29,829 54,672 57,961 66,120 22,822 14,112 20,725 35,710 69,623 Reverse repurchase agreements (1) 27,277 1,396 10,816 968 1,152 2,082 2,110 2,456 846 570 772 1,343 2,766 Deposits 25,644 959 12,380 711 1,226 1,753 1,939 1,970 522 311 624 759 2,489 Depository institutions 20,854 950 7,738 709 1,220 1,638 1,937 1,967 519 310 622 759 2,485 U.S. Treasury, general account 4,417 0 4,417 0 0 0 0 0 0 0 0 0 0 Foreign official 81 5 53 1 4 7 2 3 1 1 1 0 4 Other 291 5 171 1 2 108 0 1 2 0 1 0 0 Deferred availability cash items 7,082 543 657 486 635 476 786 473 164 459 688 467 1,248 Other liabilities and accrued dividends (2) 3,316 180 1,122 131 168 320 276 312 128 97 108 174 299 Total liabilities 790,576 37,776 314,945 33,311 33,011 59,303 63,073 71,332 24,482 15,549 22,916 38,454 76,425 Capital Capital paid in 13,389 173 3,632 734 1,128 3,958 861 857 138 243 160 149 1,356 Surplus 11,513 1,236 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,701 7 419 62 71 477 326 140 8 10 20 35 126 Total liabilities and capital 817,179 39,192 322,425 34,401 35,274 65,886 64,776 73,092 24,864 16,057 23,249 38,773 79,189 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 27, 2005 Federal Reserve notes outstanding 874,374 Less: Notes held by F.R. Banks not subject to collateralization 147,117 Federal Reserve Notes to be collateralized 727,258 Collateral held against Federal Reserve notes 727,258 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 714,021 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 755,702 Less:face value of securities under reverse repurchase agreements 27,302 U.S. Treasury and agency securities eligible to be pledged 728,400 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.