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 June 2, 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 Jun 1, 2005 May 25, 2005 Jun 2, 2004 Jun 1, 2005 Reserve Bank credit 792,472 + 5,877 + 42,873 797,032 Securities held outright 724,565 + 2,377 + 43,097 725,426 U.S. Treasury1 724,565 + 2,377 + 43,097 725,426 Bills2 264,765 + 412 + 14,303 265,015 Notes and bonds, nominal2 438,078 + 1,924 + 23,419 438,678 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 19,108 Inflation compensation3 2,614 + 41 + 731 2,625 Federal agency2 0 0 0 0 Repurchase agreements4 29,714 + 3,357 - 36 31,500 Loans to depository institutions 156 + 6 + 29 144 Primary credit 11 + 3 + 3 0 Secondary credit 0 0 0 0 Seasonal credit 145 + 3 + 26 143 Float -999 - 213 - 920 1,111 Other Federal Reserve assets 39,035 + 350 + 702 38,851 Gold stock 11,042 + 1 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,657 + 14 + 733 36,657 Total factors supplying reserve funds 842,370 + 5,891 + 43,602 846,931 Currency in circulation5 760,559 + 6,195 + 33,998 762,237 Reverse repurchase agreements6 25,125 - 655 + 4,727 24,732 Foreign official and international accounts 25,125 - 655 + 4,727 24,732 Dealers 0 0 0 0 Treasury cash holdings 277 + 15 - 43 288 Deposits with F.R. Banks, other than reserve balances 14,125 + 481 - 491 13,264 U.S. Treasury, general account 4,927 - 9 + 835 4,039 Foreign official 84 + 2 - 19 80 Service-related 8,831 + 490 - 1,314 8,831 Required clearing balances 8,831 + 490 - 1,314 8,831 Adjustments to compensate for float 0 0 0 0 Other 284 - 2 + 7 314 Other liabilities and capital 29,297 + 319 + 7,637 28,703 Total factors, other than reserve balances, absorbing reserve funds 829,383 + 6,356 + 45,827 829,223 Reserve balances with Federal Reserve Banks 12,988 - 464 - 2,223 17,708 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,426,297 + 15,454 + 205,573 1,426,812 U.S. Treasury 1,084,979 + 4,660 + 100,127 1,084,093 Federal agency 341,318 + 10,794 + 105,446 342,720 Securities lent to dealers 4,440 + 1,016 + 1,689 4,016 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 Jun 1, 2005 May 25, 2005 Jun 2, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 602 - 31 - 116 Securities, repurchase agreements, and loans 757,070 + 2,929 + 52,925 Securities held outright 725,426 + 2,434 + 43,943 U.S. Treasury1 725,426 + 2,434 + 43,943 Bills2 265,015 + 500 + 14,543 Notes and bonds, nominal2 438,678 + 1,897 + 24,019 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 Inflation compensation3 2,625 + 38 + 737 Federal agency2 0 0 0 Repurchase agreements4 31,500 + 500 + 9,000 Loans 144 - 5 - 18 Items in process of collection (965) 9,515 + 4,305 + 801 Bank premises 1,817 - 1 + 134 Other assets5 37,026 + 5 + 485 Total assets (965) 819,268 + 7,208 + 54,226 Liabilities Federal Reserve notes, net of F.R. Bank holdings 726,465 + 4,721 + 33,114 Reverse repurchase agreements6 24,732 - 454 + 4,440 Deposits (0) 30,965 + 1,208 + 9,123 Depository institutions 26,531 + 2,650 + 6,661 U.S. Treasury, general account 4,039 - 1,479 + 2,447 Foreign official 80 + 1 - 2 Other (0) 314 + 36 + 16 Deferred availability cash items (965) 8,404 + 2,070 + 244 Other liabilities and accrued dividends7 3,408 - 16 + 1,004 Total liabilities (965) 793,973 + 7,528 + 47,924 Capital accounts Capital paid in 12,894 + 35 + 3,690 Surplus 11,364 - 53 + 2,517 Other capital accounts 1,037 - 303 + 95 Total capital 25,295 - 320 + 6,303 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, June 1, 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 11 55,701 - 6,910 0 0 31,500 24,732 16 days to 90 days 133 153,864 + 724 0 0 0 0 91 days to 1 year 0 167,571 + 6,643 0 0 . . . . . . Over 1 year to 5 years . . . 216,525 + 1,181 0 0 . . . . . . Over 5 years to 10 years . . . 53,758 + 81 0 0 . . . . . . Over 10 years . . . 78,008 + 717 0 0 . . . . . . All 144 725,426 + 2,434 0 0 31,500 24,732 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 June 1, 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 6 0 2 2 1 3 6 4 5 4 5 4 5 7 5 1 0 7 3 4 2 2 4 3 4 5 85 Securities, repurchase agreements, and loans 757,0 7 0 37,1 1 5 319,1 5 7 25,7 3 4 30,6 4 6 55,3 6 2 56,1 2 9 65,3 9 7 22,5 2 6 15,1 8 9 20,5 2 9 35,7 3 2 73,555 Securities held outright 725,4 2 6 37,1 1 5 287,6 5 7 25,7 3 4 30,6 4 6 55,3 6 2 56,1 2 3 65,3 2 8 22,5 1 1 15,1 5 1 20,5 1 8 35,7 2 8 73,554 U.S. Treasury1 725,4 2 6 37,1 1 5 287,6 5 7 25,7 3 4 30,6 4 6 55,3 6 2 56,1 2 3 65,3 2 8 22,5 1 1 15,1 5 1 20,5 1 8 35,7 2 8 73,554 Bills2 265,0 1 5 13,5 5 9 105,0 8 8 9,4 0 1 11,1 9 6 20,2 2 5 20,5 0 3 23,8 6 6 8,2 2 4 5,5 3 5 7,4 9 6 13,0 5 2 26,871 Notes and bonds3 460,4 1 2 23,5 5 6 182,5 6 9 16,3 3 3 19,4 5 0 35,1 3 7 35,6 2 0 41,4 6 2 14,2 8 7 9,6 1 6 13,0 2 2 22,6 7 6 46,683 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 31,5 0 0 0 31,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 4 4 0 0 0 0 0 6 6 8 1 5 3 8 1 1 3 2 Items in process of collection 10,4 8 0 8 2 1 4 1 3 5 7 5 1,1 4 2 6 1 5 1,4 8 6 3 2 0 3 3 5 4 2 7 9 9 9 8 2 5 2,523 Bank premises 1,8 1 7 1 0 4 2 0 1 5 3 1 5 7 1 4 3 2 7 4 1 8 7 6 2 1 2 1 8 5 2 6 4 166 Other assets5 37,0 2 6 3,2 4 0 13,9 3 7 1,0 7 4 2,4 5 7 4,8 5 5 2,0 5 2 2,5 5 4 9 0 2 7 4 4 6 6 6 9 4 5 3,601 Interdistrict settlement account 0 - 1 7 8 - 8,7 8 1 + 5,5 7 9 + 5 8 3 + 4,0 2 9 + 2,5 4 8 + 3,3 1 3 - 4 0 8 - 2 7 9 - 5 0 4 - 3,7 0 3 - 2,199 Total assets 820,2 3 3 41,7 4 8 330,1 9 2 33,5 7 6 35,5 8 7 66,0 3 2 63,6 7 5 73,0 1 8 23,8 4 8 16,4 6 5 22,2 0 1 34,7 5 5 79,137 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 June 1, 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 861,54 4 39,5 6 6 337,9 9 4 36,4 9 8 35,1 8 2 66,5 1 1 79,2 6 0 75,0 6 1 24,3 7 6 16,3 2 9 23,9 7 8 39,8 7 0 86,918 Less: notes held by F.R. Banks 135,07 9 4,0 7 3 40,5 6 1 6,7 5 6 5,0 3 2 11,7 6 5 22,4 2 1 9,2 6 1 2,7 5 1 1,9 7 1 4,4 0 4 8,1 1 3 17,972 Federal Reserve notes, net 726,46 5 35,4 9 3 297,4 3 4 29,7 4 2 30,1 5 1 54,7 4 7 56,8 3 9 65,8 0 0 21,6 2 5 14,3 5 8 19,5 7 4 31,7 5 7 68,945 Reverse repurchase agreements1 24,73 2 1,2 6 5 9,8 0 7 8 7 7 1,0 4 5 1,8 8 7 1,9 1 3 2,2 2 7 7 6 7 5 1 7 7 0 0 1,2 1 8 2,508 Deposits 30,96 5 1,2 1 4 13,5 6 7 1,3 6 7 1,3 8 1 3,3 0 7 2,2 7 6 2,4 2 0 5 2 4 4 1 6 8 4 4 7 9 7 2,852 Depository institutions 26,53 1 1,2 0 1 9,3 0 3 1,3 6 6 1,3 7 7 3,1 7 3 2,2 7 4 2,4 1 7 5 1 9 4 1 5 8 4 2 7 9 6 2,848 U.S. Treasury, general account 4,03 9 0 4,0 3 9 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 31 4 8 1 7 3 0 0 1 2 7 0 0 4 0 1 0 0 Deferred availability cash items 9,36 9 8 9 9 9 2 6 8 4 5 6 6 3 7 2 5 1,0 2 5 5 5 2 1 7 0 5 6 9 6 6 1 4 9 1 1,842 Other liabilities and accrued dividends2 3,40 8 2 0 9 1,1 4 4 1 2 9 1 8 6 3 5 3 2 7 2 3 1 9 1 0 1 9 8 1 0 9 1 7 7 311 Total liabilities 794,93 8 39,0 8 0 322,8 7 8 32,9 6 1 33,4 2 6 61,0 1 8 62,3 2 5 71,3 1 8 23,1 8 8 15,9 5 9 21,8 8 7 34,4 4 0 76,458 Capital Capital paid in 12,89 4 1,5 5 0 3,6 0 8 3 0 6 1,1 2 6 2,5 5 2 6 6 3 8 6 3 3 3 0 2 5 3 1 5 6 1 4 8 1,340 Surplus 11,36 4 1,1 1 8 3,4 3 0 2 9 4 1,0 3 5 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 1,03 7 0 2 7 6 1 5 0 3 1 4 1 7 1 7 3 9 5 0 5 3 2 56 Total liabilities and capital 820,23 3 41,7 4 8 330,1 9 2 33,5 7 6 35,5 8 7 66,0 3 2 63,6 7 5 73,0 1 8 23,8 4 8 16,4 6 5 22,2 0 1 34,7 5 5 79,137 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 Jun 1, 2005 Federal Reserve notes outstanding 861,544 Less: Notes held by F.R. Banks not subject to collateralization 135,079 Federal Reserve notes to be collateralized 726,465 Collateral held against Federal Reserve notes 726,465 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 713,228 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 756,926 Less: face value of securities under reverse repurchase agreements 24,750 U.S. Treasury and agency securities eligible to be pledged 732,176 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.