FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 1, 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 31, 2005 Aug 24, 2005 Sep 1, 2004 Aug 31, 2005 Federal Reserve Banks Reserve Bank Credit 797,815 + 6,375 + 33,773 805,158 Securities held outright 730,700 + 2,147 + 35,849 730,380 U.S. Treasury (1) 730,700 + 2,147 + 35,849 730,380 Bills (2) 267,623 + 294 + 12,297 267,766 Notes and bonds, nominal (2) 440,756 + 1,851 + 18,215 440,292 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,788 + 3 + 667 2,789 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,714 + 3,607 - 2,286 35,500 Loans to depository institutions 332 - 1 + 59 336 Primary credit 6 - 10 - 25 22 Secondary credit 0 0 0 0 Seasonal credit 326 + 9 + 84 314 Float -351 + 171 - 299 741 Other Federal Reserve assets 38,420 + 450 + 450 38,201 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,727 + 14 + 516 36,727 Total factors supplying reserve funds 847,783 + 6,389 + 34,286 855,126 Currency in circulation(5) 763,154 + 114 + 28,164 766,016 Reverse repurchase agreements (6) 24,971 + 934 + 2,529 26,487 Foreign official and international accounts 24,971 + 934 + 2,529 26,487 Dealers 0 0 0 0 Treasury cash holdings 267 + 14 - 61 267 Deposits with F.R.Banks, other than reserve balances 13,975 - 330 - 1,906 14,714 U.S. Treasury, general account 4,909 - 272 - 388 5,650 Foreign official 87 0 - 4 81 Service-related 8,718 - 3 - 1,488 8,718 Required clearing balances 8,718 - 3 - 1,488 8,718 Adjustments to compensate for float 0 0 0 0 Other 261 - 55 - 26 265 Other liabilities and capital 30,988 + 201 + 8,113 30,748 Total factors, other than reserve balances, absorbing reserve funds 833,356 + 934 + 36,839 838,232 Reserve balances with Federal Reserve Banks 14,428 + 5,455 - 2,552 16,893 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,468,176 + 2,374 + 185,560 1,469,799 U.S. Treasury 1,098,939 + 2,762 + 59,452 1,100,713 Federal agency 369,237 - 388 + 126,107 369,086 Securities lent to dealers 3,305 + 1,488 + 2,766 4,655 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 31, 2005 Aug 24, 2005 Sep 1, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 659 + 9 - 118 Securities, repurchase agreements, and loans 766,216 + 10,291 + 38,619 Securities held outright 730,380 + 801 + 35,522 U.S. Treasury (1) 730,380 + 801 + 35,522 Bills (2) 267,766 + 258 + 12,436 Notes and bonds, nominal (2) 440,292 + 540 + 17,751 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,789 + 3 + 665 Federal agency (2) 0 0 0 Repurchase agreements (4) 35,500 + 9,500 + 3,000 Loans 336 - 10 + 97 Items in process of collection (1,337) 7,080 + 1,592 + 238 Bank premises 1,834 + 2 + 116 Other assets (5) 36,458 + 63 + 128 Total assets (1,337) 825,483 + 11,956 + 38,980 Liabilities Federal Reserve notes net of FR Bank holdings 730,211 + 2,281 + 27,134 Reverse repurchase agreements (6) 26,487 + 2,373 + 3,284 Deposits (0) 31,698 + 6,650 + 1,008 Depository institutions 25,702 + 5,633 + 1,784 U.S. Treasury, general account 5,650 + 1,047 - 724 Foreign official 81 + 1 0 Other (0) 265 - 31 - 52 Deferred availability cash items (1,337) 6,339 + 513 - 302 Other liabilities and accrued dividends (7) 3,561 - 7 + 961 Total liabilities (1,337) 798,297 + 11,810 + 32,087 Capital Accounts Capital paid in 13,402 - 39 + 2,949 Surplus 11,630 0 + 2,783 Other capital accounts 2,155 + 186 + 1,162 Total capital 27,186 + 146 + 6,893 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 31, 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 278 52,781 - 6,457 0 0 35,500 26,487 16 days to 90 days 58 155,418 - 1,306 0 0 0 0 91 days to 1 year 0 180,980 + 9,899 0 0 ------ ------ Over 1 to 5 years ------ 211,783 - 1,336 0 0 ------ ------ Over 5 to 10 years ------ 52,433 0 0 0 ------ ------ Over 10 years ------ 76,985 + 1 0 0 ------ ------ All 336 730,380 + 801 0 0 35,500 26,487 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 31, 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 659 14 37 29 49 57 104 89 37 16 56 74 97 Securities, repurchase agreements, and loans 766,216 37,368 325,133 25,914 30,855 55,740 56,516 65,878 22,728 15,339 20,697 35,978 74,070 Securities held outright 730,380 37,368 289,621 25,910 30,855 55,740 56,506 65,774 22,664 15,254 20,658 35,972 74,056 U.S. Treasury (1) 730,380 37,368 289,621 25,910 30,855 55,740 56,506 65,774 22,664 15,254 20,658 35,972 74,056 Bills (2) 267,766 13,700 106,178 9,499 11,312 20,435 20,716 24,114 8,309 5,592 7,574 13,188 27,150 Notes and bonds(3) 462,614 23,669 183,443 16,411 19,543 35,305 35,790 41,661 14,355 9,662 13,085 22,784 46,906 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 35,500 0 35,500 0 0 0 0 0 0 0 0 0 0 Loans 336 0 12 4 0 0 9 104 64 85 39 5 14 Items in process of collection 8,417 362 473 490 776 320 1,612 607 434 269 988 628 1,456 Bank premises 1,834 108 205 54 156 143 272 203 68 120 76 263 165 Other assets(5) 36,458 3,210 13,741 1,059 2,435 4,792 2,007 2,496 870 733 650 922 3,544 Interdistrict settlement account 0 - 2,348 -17,926 + 6,617 + 1,484 + 4,969 + 3,713 + 3,760 + 622 - 595 + 526 - 4,895 + 4,074 Total Assets 826,820 39,339 326,891 34,678 36,312 67,005 65,335 74,173 25,158 16,123 23,377 33,617 84,812 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 31, 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 885,896 39,733 332,546 37,569 36,001 68,018 81,437 78,428 26,393 16,833 25,948 47,628 95,364 Less: notes held by F.R. Banks 155,686 4,901 42,036 6,403 5,514 13,397 23,651 10,925 3,413 2,647 5,284 17,167 20,349 Federal Reserve notes, net 730,211 34,832 290,510 31,166 30,488 54,621 57,786 67,504 22,980 14,185 20,664 30,461 75,014 Reverse repurchase agreements (1) 26,487 1,355 10,503 940 1,119 2,021 2,049 2,385 822 553 749 1,305 2,686 Deposits 31,698 899 16,342 591 1,590 2,715 2,551 1,769 607 351 846 808 2,628 Depository institutions 25,702 882 10,476 590 1,586 2,625 2,547 1,766 603 350 845 808 2,624 U.S. Treasury, general account 5,650 0 5,650 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 265 12 162 0 0 83 2 0 3 0 1 0 0 Deferred availability cash items 7,676 505 799 659 654 526 871 414 223 425 651 539 1,409 Other liabilities and accrued dividends (2) 3,561 190 1,217 142 183 345 289 331 139 101 116 184 324 Total liabilities 799,634 37,781 319,371 33,498 34,034 60,230 63,547 72,403 24,771 15,616 23,026 33,297 82,060 Capital Capital paid in 13,402 173 3,655 742 1,130 3,920 869 861 140 243 170 150 1,351 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,155 31 437 144 83 707 404 146 12 10 28 35 118 Total liabilities and capital 826,820 39,339 326,891 34,678 36,312 67,005 65,335 74,173 25,158 16,123 23,377 33,617 84,812 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 31, 2005 Federal Reserve notes outstanding 885,896 Less: Notes held by F.R. Banks not subject to collateralization 155,686 Federal Reserve Notes to be collateralized 730,211 Collateral held against Federal Reserve notes 730,211 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 716,974 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 765,880 Less:face value of securities under reverse repurchase agreements 26,513 U.S. Treasury and agency securities eligible to be pledged 739,367 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.