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 21, 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 20, 2005 Apr 13, 2005 Apr 21, 2004 Apr 20, 2005 Reserve Bank credit 785,627 + 4,206 + 46,600 782,712 Securities held outright 717,398 + 29 + 42,612 717,409 U.S. Treasury1 717,398 + 29 + 42,612 717,409 Bills2 263,005 0 + 15,817 263,005 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 2,400 + 29 + 654 2,410 Federal agency2 0 0 0 0 Repurchase agreements4 27,464 + 4,571 + 2,935 23,750 Loans to depository institutions 85 - 195 - 10 88 Primary credit 5 - 206 - 29 0 Secondary credit 0 0 0 0 Seasonal credit 80 + 12 + 19 88 Float -471 - 359 + 219 56 Other Federal Reserve assets 41,150 + 158 + 842 41,409 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,644 + 14 + 834 36,644 Total factors supplying reserve funds 835,511 + 4,219 + 47,429 832,597 Currency in circulation5 753,462 - 770 + 36,537 754,206 Reverse repurchase agreements6 23,769 + 346 + 4,349 25,100 Foreign official and international accounts 23,769 + 346 + 4,349 25,100 Dealers 0 0 0 0 Treasury cash holdings 269 - 7 - 69 261 Deposits with F.R. Banks, other than reserve balances 14,039 - 1,019 - 2,970 12,927 U.S. Treasury, general account 5,201 + 26 - 1,429 4,102 Foreign official 102 + 22 + 6 84 Service-related 8,426 - 1,088 - 1,544 8,426 Required clearing balances 8,426 - 1,088 - 1,544 8,426 Adjustments to compensate for float 0 0 0 0 Other 311 + 23 - 2 315 Other liabilities and capital 28,643 + 315 + 8,081 28,527 Total factors, other than reserve balances, absorbing reserve funds 820,181 - 1,136 + 45,926 821,021 Reserve balances with Federal Reserve Banks 15,331 + 5,356 + 1,503 11,576 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,389,008 - 281 + 202,873 1,390,166 U.S. Treasury 1,074,641 - 5,378 + 118,598 1,079,018 Federal agency 314,367 + 5,097 + 84,274 311,148 Securities lent to dealers 885 + 314 - 1,786 601 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 20, 2005 Apr 13, 2005 Apr 21, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 716 - 9 - 115 Securities, repurchase agreements, and loans 741,247 - 4,459 + 43,477 Securities held outright 717,409 + 29 + 42,472 U.S. Treasury1 717,409 + 29 + 42,472 Bills2 263,005 0 + 15,673 Notes and bonds, nominal2 432,885 0 + 21,497 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 Inflation compensation3 2,410 + 29 + 657 Federal agency2 0 0 0 Repurchase agreements4 23,750 - 4,500 + 1,000 Loans 88 + 12 + 5 Items in process of collection (1,177) 7,210 + 333 + 366 Bank premises 1,805 + 2 + 142 Other assets5 39,426 + 218 + 926 Total assets (1,177) 803,641 - 3,916 + 44,792 Liabilities Federal Reserve notes, net of F.R. Bank holdings 718,534 - 949 + 36,008 Reverse repurchase agreements6 25,100 + 2,342 + 5,840 Deposits (0) 24,326 - 5,170 - 5,410 Depository institutions 19,824 - 4,357 - 3,564 U.S. Treasury, general account 4,102 - 824 - 1,784 Foreign official 84 + 4 - 81 Other (0) 315 + 7 + 18 Deferred availability cash items (1,177) 7,154 - 320 + 289 Other liabilities and accrued dividends7 3,263 - 15 + 1,021 Total liabilities (1,177) 778,377 - 4,113 + 37,748 Capital accounts Capital paid in 12,732 + 8 + 3,709 Surplus 11,320 + 91 + 2,552 Other capital accounts 1,212 + 98 + 783 Total capital 25,265 + 198 + 7,045 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 20, 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 84 58,118 + 10,211 0 0 23,750 25,100 16 days to 90 days 4 159,809 - 9,926 0 0 0 0 91 days to 1 year 0 159,694 - 285 0 0 . . . . . . Over 1 year to 5 years . . . 212,919 + 426 0 0 . . . . . . Over 5 years to 10 years . . . 49,885 - 409 0 0 . . . . . . Over 10 years . . . 76,984 + 13 0 0 . . . . . . All 88 717,409 + 29 0 0 23,750 25,100 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 20, 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 1 6 2 4 4 1 6 3 5 7 5 4 7 2 1 2 6 3 9 2 5 5 0 6 0 104 Securities, repurchase agreements, and loans 741,2 4 7 36,7 0 8 308,2 2 8 25,4 5 0 30,3 0 7 54,7 5 0 55,5 0 3 64,6 4 9 22,2 7 2 15,0 0 8 20,2 9 6 35,3 3 6 72,741 Securities held outright 717,4 0 9 36,7 0 5 284,4 7 8 25,4 5 0 30,3 0 7 54,7 5 0 55,5 0 3 64,6 0 6 22,2 6 2 14,9 8 4 20,2 9 1 35,3 3 3 72,741 U.S. Treasury1 717,4 0 9 36,7 0 5 284,4 7 8 25,4 5 0 30,3 0 7 54,7 5 0 55,5 0 3 64,6 0 6 22,2 6 2 14,9 8 4 20,2 9 1 35,3 3 3 72,741 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 454,4 0 4 23,2 4 9 180,1 8 7 16,1 2 0 19,1 9 6 34,6 7 9 35,1 5 5 40,9 2 1 14,1 0 1 9,4 9 1 12,8 5 2 22,3 8 0 46,074 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 23,7 5 0 0 23,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 8 8 3 0 0 0 0 0 4 3 1 0 2 5 5 2 0 Items in process of collection 8,3 8 7 4 1 9 4 8 5 6 0 6 1,0 6 6 4 1 6 6 4 8 5 7 7 2 6 6 3 9 1 5 3 6 4 9 1 2,486 Bank premises 1,8 0 5 1 0 3 2 0 0 5 3 1 5 7 1 4 3 2 7 5 1 7 6 6 1 1 2 2 8 4 2 6 4 166 Other assets5 39,4 2 6 3,4 3 7 14,7 9 9 1,1 8 3 2,6 0 3 5,1 5 0 2,1 9 0 2,7 3 9 9 4 3 7 9 4 7 2 2 1,0 2 1 3,846 Interdistrict settlement account 0 - 1 4 6 - 2,3 1 3 + 3,3 6 2 + 2 5 2 + 4,6 0 4 + 9 7 8 + 4 9 2 + 6 3 - 1 6 - 1 8 3 - 2,8 5 2 - 4,243 Total assets 804,8 1 8 41,1 7 0 326,6 6 9 31,2 3 2 35,0 0 0 66,1 0 0 60,7 7 7 69,8 9 9 24,0 4 3 16,5 6 6 21,8 8 9 34,9 6 8 76,505 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 20, 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 855,15 7 39,7 8 0 337,7 4 6 35,6 6 6 35,4 1 1 65,7 5 0 75,7 6 0 73,0 0 0 24,5 8 9 16,2 8 2 24,2 0 3 40,0 0 3 86,967 Less: notes held by F.R. Banks 136,62 3 4,5 5 9 39,1 4 1 7,6 1 6 5,3 6 7 12,4 6 1 20,8 7 5 9,2 8 5 3,1 3 8 1,7 5 3 4,6 2 2 7,8 3 2 19,974 Federal Reserve notes, net 718,53 4 35,2 2 1 298,6 0 4 28,0 5 0 30,0 4 4 53,2 8 9 54,8 8 6 63,7 1 5 21,4 5 1 14,5 2 9 19,5 8 1 32,1 7 1 66,992 Reverse repurchase agreements1 25,10 0 1,2 8 4 9,9 5 3 8 9 0 1,0 6 0 1,9 1 6 1,9 4 2 2,2 6 0 7 7 9 5 2 4 7 1 0 1,2 3 6 2,545 Deposits 24,32 6 1,0 7 8 8,9 1 0 8 1 8 9 6 1 5,0 4 5 1,5 2 6 1,5 3 0 5 7 2 3 8 7 6 9 2 6 6 0 2,146 Depository institutions 19,82 4 1,0 6 9 4,5 5 9 8 1 7 9 5 6 4,9 2 4 1,5 2 5 1,5 2 7 5 6 9 3 8 6 6 9 0 6 5 9 2,142 U.S. Treasury, general account 4,10 2 0 4,1 0 2 0 0 0 0 0 0 0 0 0 0 Foreign official 8 4 5 5 6 1 4 7 2 3 1 1 1 0 4 Other 31 5 4 1 9 3 0 1 1 1 3 0 1 2 0 1 0 0 Deferred availability cash items 8,33 1 7 3 2 8 5 4 7 2 8 6 4 7 5 4 8 1,1 5 9 3 9 5 1 8 3 5 0 8 4 7 6 4 1 4 1,688 Other liabilities and accrued dividends2 3,26 3 1 9 8 1,0 8 0 1 2 5 1 7 8 3 1 8 2 6 0 3 0 4 1 3 0 9 9 1 0 5 1 6 6 300 Total liabilities 779,55 3 38,5 1 3 319,4 0 2 30,6 1 2 32,8 8 9 61,1 1 5 59,7 7 3 68,2 0 5 23,1 1 4 16,0 4 7 21,5 6 5 34,6 4 7 73,672 Capital Capital paid in 12,73 2 1,5 5 4 3,5 0 3 3 0 0 1,0 9 6 2,5 5 1 4 2 9 8 2 2 5 3 7 2 5 3 1 5 5 1 4 7 1,384 Surplus 11,32 0 1,0 9 4 3,4 3 0 2 9 4 1,0 1 4 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 1,21 2 9 3 3 4 2 6 0 2 8 6 6 0 1 0 8 1 5 5 1 2 1 7 3 8 167 Total liabilities and capital 804,81 8 41,1 7 0 326,6 6 9 31,2 3 2 35,0 0 0 66,1 0 0 60,7 7 7 69,8 9 9 24,0 4 3 16,5 6 6 21,8 8 9 34,9 6 8 76,505 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 20, 2005 Federal Reserve notes outstanding 855,157 Less: Notes held by F.R. Banks not subject to collateralization 136,623 Federal Reserve notes to be collateralized 718,534 Collateral held against Federal Reserve notes 718,534 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 705,297 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 741,159 Less: face value of securities under reverse repurchase agreements 25,118 U.S. Treasury and agency securities eligible to be pledged 716,040 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.