H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 14, 2005 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Apr 13, 2005 Apr 6, 2005 Apr 14, 2004 Apr 13, 2005 Reserve Bank credit 781,422 - 2,009 + 41,207 786,405 Securities held outright 717,369 + 28 + 42,849 717,380 U.S. Treasury1 717,369 + 28 + 42,849 717,380 Bills2 263,005 0 + 16,063 263,005 Notes and bonds, nominal2 432,885 0 + 21,497 432,885 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 19,108 Inflation compensation3 2,371 + 29 + 646 2,381 Federal agency2 0 0 0 0 Repurchase agreements4 22,893 - 2,250 - 2,836 28,250 Loans to depository institutions 280 + 211 + 195 76 Primary credit 211 + 199 + 178 0 Secondary credit 0 0 0 0 Seasonal credit 68 + 11 + 16 76 Float -117 - 371 + 348 -597 Other Federal Reserve assets 40,997 + 373 + 650 41,295 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,630 + 14 + 836 36,630 Total factors supplying reserve funds 831,293 - 1,994 + 42,039 836,276 Currency in circulation5 754,232 - 348 + 36,624 755,122 Reverse repurchase agreements6 23,423 + 308 + 3,287 22,758 Foreign official and international accounts 23,423 + 308 + 3,287 22,758 Dealers 0 0 0 0 Treasury cash holdings 276 - 7 - 69 270 Deposits with F.R. Banks, other than reserve balances 15,058 - 190 - 1,088 14,829 U.S. Treasury, general account 5,175 - 121 + 17 4,926 Foreign official 80 - 31 - 3 80 Service-related 9,514 0 - 1,053 9,514 Required clearing balances 9,514 0 - 1,052 9,514 Adjustments to compensate for float 0 0 - 2 0 Other 288 - 38 - 50 308 Other liabilities and capital 28,328 + 466 + 7,772 28,346 Total factors, other than reserve balances, absorbing reserve funds 821,317 + 229 + 46,526 821,325 Reserve balances with Federal Reserve Banks 9,976 - 2,223 - 4,487 14,951 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,389,289 - 730 + 208,911 1,387,635 U.S. Treasury 1,080,019 - 1,797 + 130,444 1,076,969 Federal agency 309,270 + 1,067 + 78,467 310,666 Securities lent to dealers 571 - 2,408 - 388 21 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.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Apr 13, 2005 Apr 6, 2005 Apr 14, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 725 + 5 - 109 Securities, repurchase agreements, and loans 745,706 + 8,289 + 41,203 Securities held outright 717,380 + 29 + 42,663 U.S. Treasury1 717,380 + 29 + 42,663 Bills2 263,005 0 + 15,873 Notes and bonds, nominal2 432,885 0 + 21,497 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 Inflation compensation3 2,381 + 29 + 648 Federal agency2 0 0 0 Repurchase agreements4 28,250 + 8,250 - 1,450 Loans 76 + 11 - 10 Items in process of collection (1,032) 6,877 - 472 + 1,156 Bank premises 1,803 + 1 + 141 Other assets5 39,208 + 562 + 564 Total assets (1,032) 807,557 + 8,387 + 42,952 Liabilities Federal Reserve notes, net of F.R. Bank holdings 719,483 - 841 + 35,219 Reverse repurchase agreements6 22,758 - 228 + 3,288 Deposits (0) 29,496 + 8,793 - 4,562 Depository institutions 24,181 + 8,390 - 4,541 U.S. Treasury, general account 4,926 + 396 + 24 Foreign official 80 - 2 - 5 Other (0) 308 + 8 - 42 Deferred availability cash items (1,032) 7,474 + 55 + 977 Other liabilities and accrued dividends7 3,278 + 47 + 1,009 Total liabilities (1,032) 782,490 + 7,826 + 35,931 Capital accounts Capital paid in 12,724 + 139 + 3,741 Surplus 11,229 + 64 + 2,462 Other capital accounts 1,114 + 357 + 818 Total capital 25,067 + 560 + 7,021 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. 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, April 13, 2005 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 9 47,907 + 895 0 0 28,250 22,758 16 days to 90 days 68 169,735 - 556 0 0 0 0 91 days to 1 year 0 159,979 - 339 0 0 . . . . . . Over 1 year to 5 years . . . 212,493 + 11 0 0 . . . . . . Over 5 years to 10 years . . . 50,294 + 5 0 0 . . . . . . Over 10 years . . . 76,971 + 12 0 0 . . . . . . All 76 717,380 + 29 0 0 28,250 22,758 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on April 13, 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 11,0 3 7 5 1 0 4,3 5 5 4 3 2 4 5 3 8 3 6 9 4 5 9 2 8 3 2 7 2 1 2 3 1 8 5 4 9 1,172 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 7 2 5 2 4 4 4 6 4 5 6 5 6 7 2 1 2 4 3 7 2 7 4 9 6 1 110 Securities, repurchase agreements, and loans 745,7 0 6 36,7 0 5 312,7 1 6 25,4 4 9 30,3 0 6 54,7 4 8 55,5 0 0 64,6 4 5 22,2 6 7 15,0 0 4 20,2 9 6 35,3 3 3 72,738 Securities held outright 717,3 8 0 36,7 0 3 284,4 6 6 25,4 4 9 30,3 0 6 54,7 4 8 55,5 0 0 64,6 0 3 22,2 6 1 14,9 8 3 20,2 9 1 35,3 3 2 72,738 U.S. Treasury1 717,3 8 0 36,7 0 3 284,4 6 6 25,4 4 9 30,3 0 6 54,7 4 8 55,5 0 0 64,6 0 3 22,2 6 1 14,9 8 3 20,2 9 1 35,3 3 2 72,738 Bills2 263,0 0 5 13,4 5 6 104,2 9 1 9,3 3 0 11,1 1 1 20,0 7 2 20,3 4 7 23,6 8 5 8,1 6 1 5,4 9 3 7,4 3 9 12,9 5 3 26,667 Notes and bonds3 454,3 7 5 23,2 4 7 180,1 7 5 16,1 1 9 19,1 9 5 34,6 7 6 35,1 5 3 40,9 1 9 14,1 0 0 9,4 9 0 12,8 5 2 22,3 7 9 46,071 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,2 5 0 0 28,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 7 6 1 0 0 0 0 0 4 2 6 2 1 5 1 0 Items in process of collection 7,9 1 0 3 3 5 2 0 4 3 5 0 9 5 6 5 0 2 9 1 7 4 2 5 3 0 1 3 8 3 7 2 8 3 6 9 2,439 Bank premises 1,8 0 3 1 0 3 2 0 0 5 3 1 5 7 1 4 3 2 7 5 1 7 5 6 1 1 2 2 8 4 2 6 4 166 Other assets5 39,2 0 8 3,4 0 6 14,7 1 9 1,1 7 4 2,5 8 1 5,1 0 7 2,2 2 8 2,7 2 4 9 3 3 7 8 8 7 1 7 1,0 1 4 3,817 Interdistrict settlement account 0 + 1,5 6 5 - 3,9 0 8 + 3,1 7 2 + 7 1 3 + 3,1 8 4 + 1 7 8 + 1,7 7 0 + 1 5 9 + 2 1 4 - 3 6 9 - 2,6 1 5 - 4,063 Total assets 808,5 9 0 42,7 6 4 329,2 0 5 30,7 7 7 35,3 2 6 64,7 2 3 60,2 8 1 71,0 0 3 24,1 5 5 16,7 8 0 21,8 8 9 35,0 7 3 76,613 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on April 13, 2005 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 854,72 0 39,9 9 7 338,6 7 6 35,6 4 7 35,5 2 5 65,6 6 4 74,1 4 9 73,0 2 3 24,6 6 1 16,3 5 3 24,2 5 2 40,0 0 0 86,773 Less: notes held by F.R. Banks 135,23 7 4,5 8 4 38,7 5 1 7,6 3 3 5,2 5 7 12,5 3 2 20,7 0 5 8,7 8 1 3,0 0 9 1,7 2 9 4,6 6 2 7,5 9 2 20,003 Federal Reserve notes, net 719,48 3 35,4 1 2 299,9 2 5 28,0 1 4 30,2 6 9 53,1 3 3 53,4 4 4 64,2 4 2 21,6 5 2 14,6 2 4 19,5 9 0 32,4 0 8 66,770 Reverse repurchase agreements1 22,75 8 1,1 6 4 9,0 2 4 8 0 7 9 6 1 1,7 3 7 1,7 6 1 2,0 4 9 7 0 6 4 7 5 6 4 4 1,1 2 1 2,307 Deposits 29,49 6 2,6 7 9 11,0 7 3 6 9 4 1,2 1 4 4,0 8 6 2,5 1 7 2,1 7 0 5 6 7 4 6 6 6 7 4 6 6 1 2,695 Depository institutions 24,18 1 2,6 7 0 5,9 1 0 6 9 3 1,2 0 9 3,9 6 5 2,5 1 5 2,1 6 7 5 6 3 4 6 5 6 7 3 6 6 0 2,691 U.S. Treasury, general account 4,92 6 0 4,9 2 6 0 0 0 0 0 0 0 0 0 0 Foreign official 8 0 5 5 2 1 4 7 2 3 1 1 1 0 4 Other 30 8 4 1 8 4 0 1 1 1 4 0 0 3 0 1 0 0 Deferred availability cash items 8,50 6 7 0 2 8 2 8 5 1 7 6 2 5 5 3 7 1,3 0 4 5 5 0 1 8 7 5 9 4 5 5 1 3 9 9 1,713 Other liabilities and accrued dividends2 3,27 8 1 9 5 1,0 8 5 1 2 5 1 7 9 3 2 0 2 6 2 3 0 8 1 3 1 1 0 0 1 0 7 1 6 6 300 Total liabilities 783,52 2 40,1 5 3 321,9 3 6 30,1 5 7 33,2 4 8 59,8 1 3 59,2 8 7 69,3 2 0 23,2 4 4 16,2 6 0 21,5 6 6 34,7 5 5 73,785 Capital Capital paid in 12,72 4 1,5 5 4 3,5 0 3 3 0 0 1,0 9 9 2,5 4 5 4 2 8 8 1 8 5 3 7 2 5 4 1 5 5 1 4 7 1,384 Surplus 11,22 9 1,0 3 8 3,4 3 0 2 9 4 9 7 9 2,1 4 8 5 1 6 7 6 3 2 3 6 2 5 4 1 5 3 1 3 5 1,283 Other capital 1,11 4 1 9 3 3 6 2 6 0 2 1 8 5 0 1 0 2 1 3 8 1 1 1 5 3 6 161 Total liabilities and capital 808,59 0 42,7 6 4 329,2 0 5 30,7 7 7 35,3 2 6 64,7 2 3 60,2 8 1 71,0 0 3 24,1 5 5 16,7 8 0 21,8 8 9 35,0 7 3 76,613 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 Wednesday Federal Reserve notes and collateral Apr 13, 2005 Federal Reserve notes outstanding 854,720 Less: Notes held by F.R. Banks not subject to collateralization 135,237 Federal Reserve notes to be collateralized 719,483 Collateral held against Federal Reserve notes 719,483 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 706,247 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 745,630 Less: face value of securities under reverse repurchase agreements 22,774 U.S. Treasury and agency securities eligible to be pledged 722,856 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.