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 9, 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 8, 2005 Jun 1, 2005 Jun 9, 2004 Jun 8, 2005 Reserve Bank credit 790,003 - 2,469 + 43,594 795,604 Securities held outright 725,448 + 883 + 42,382 725,460 U.S. Treasury1 725,448 + 883 + 42,382 725,460 Bills2 265,015 + 250 + 13,111 265,015 Notes and bonds, nominal2 438,678 + 600 + 23,876 438,678 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 19,108 Inflation compensation3 2,646 + 32 + 751 2,659 Federal agency2 0 0 0 0 Repurchase agreements4 25,500 - 4,214 + 679 30,500 Loans to depository institutions 152 - 4 - 6 149 Primary credit 2 - 9 - 30 0 Secondary credit 0 0 0 0 Seasonal credit 150 + 5 + 24 149 Float -298 + 700 - 192 30 Other Federal Reserve assets 39,201 + 166 + 731 39,464 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,615 + 14 + 662 36,615 Total factors supplying reserve funds 839,859 - 2,456 + 44,252 845,460 Currency in circulation5 761,163 + 660 + 34,810 761,426 Reverse repurchase agreements6 24,343 - 782 + 4,039 23,956 Foreign official and international accounts 24,343 - 782 + 4,039 23,956 Dealers 0 0 0 0 Treasury cash holdings 287 + 10 - 36 282 Deposits with F.R. Banks, other than reserve balances 14,032 - 93 - 1,183 14,069 U.S. Treasury, general account 4,778 - 149 + 80 4,626 Foreign official 104 + 20 + 12 112 Service-related 8,830 - 1 - 1,314 8,830 Required clearing balances 8,830 - 1 - 1,314 8,830 Adjustments to compensate for float 0 0 0 0 Other 321 + 37 + 39 501 Other liabilities and capital 29,248 - 49 + 7,663 29,393 Total factors, other than reserve balances, absorbing reserve funds 829,073 - 253 + 45,292 829,126 Reserve balances with Federal Reserve Banks 10,786 - 2,203 - 1,040 16,334 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,431,637 + 5,340 + 203,489 1,435,046 U.S. Treasury 1,088,816 + 3,837 + 95,325 1,090,777 Federal agency 342,821 + 1,503 + 108,165 344,269 Securities lent to dealers 4,399 - 41 + 2,860 2,388 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 8, 2005 Jun 1, 2005 Jun 9, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 612 + 10 - 114 Securities, repurchase agreements, and loans 756,110 - 960 + 41,771 Securities held outright 725,460 + 34 + 41,528 U.S. Treasury1 725,460 + 34 + 41,528 Bills2 265,015 0 + 13,107 Notes and bonds, nominal2 438,678 0 + 23,019 Notes and bonds, inflation-indexed2 19,108 0 + 4,644 Inflation compensation3 2,659 + 34 + 759 Federal agency2 0 0 0 Repurchase agreements4 30,500 - 1,000 + 250 Loans 149 + 5 - 8 Items in process of collection (1,137) 6,737 - 2,778 + 388 Bank premises 1,821 + 4 + 136 Other assets5 37,600 + 574 + 769 Total assets (1,137) 816,117 - 3,151 + 42,946 Liabilities Federal Reserve notes, net of F.R. Bank holdings 725,701 - 764 + 33,769 Reverse repurchase agreements6 23,956 - 776 + 4,014 Deposits (0) 30,360 - 605 - 3,238 Depository institutions 25,122 - 1,409 - 2,929 U.S. Treasury, general account 4,626 + 587 - 589 Foreign official 112 + 32 + 27 Other (0) 501 + 187 + 254 Deferred availability cash items (1,137) 6,706 - 1,698 + 225 Other liabilities and accrued dividends7 3,501 + 93 + 1,026 Total liabilities (1,137) 790,225 - 3,748 + 35,797 Capital accounts Capital paid in 12,904 + 10 + 3,703 Surplus 11,440 + 76 + 2,593 Other capital accounts 1,548 + 511 + 853 Total capital 25,892 + 597 + 7,149 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 8, 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 22 54,615 - 1,086 0 0 30,500 23,956 16 days to 90 days 127 162,630 + 8,766 0 0 0 0 91 days to 1 year 0 159,891 - 7,680 0 0 . . . . . . Over 1 year to 5 years . . . 216,538 + 13 0 0 . . . . . . Over 5 years to 10 years . . . 53,764 + 6 0 0 . . . . . . Over 10 years . . . 78,023 + 15 0 0 . . . . . . All 149 725,460 + 34 0 0 30,500 23,956 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 8, 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 1 2 2 1 3 5 4 7 4 6 4 5 7 7 1 0 5 3 3 2 0 4 4 4 8 91 Securities, repurchase agreements, and loans 756,1 1 0 37,1 1 7 318,1 7 0 25,7 3 5 30,6 4 7 55,3 6 5 56,1 2 8 65,4 0 3 22,5 2 9 15,1 9 4 20,5 3 0 35,7 3 3 73,559 Securities held outright 725,4 6 0 37,1 1 7 287,6 7 0 25,7 3 5 30,6 4 7 55,3 6 5 56,1 2 5 65,3 3 1 22,5 1 2 15,1 5 2 20,5 1 9 35,7 3 0 73,557 U.S. Treasury1 725,4 6 0 37,1 1 7 287,6 7 0 25,7 3 5 30,6 4 7 55,3 6 5 56,1 2 5 65,3 3 1 22,5 1 2 15,1 5 2 20,5 1 9 35,7 3 0 73,557 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 4 6 23,5 5 8 182,5 8 3 16,3 3 4 19,4 5 2 35,1 4 0 35,6 2 3 41,4 6 5 14,2 8 8 9,6 1 7 13,0 2 3 22,6 7 8 46,686 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,5 0 0 0 30,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 4 9 0 0 0 0 0 3 7 1 1 7 4 2 1 1 3 2 Items in process of collection 7,8 7 4 5 0 2 3 6 5 3 7 4 5 9 1 6 0 2 1,0 8 2 3 6 8 2 4 9 3 3 1 6 2 5 4 4 6 2,339 Bank premises 1,8 2 1 1 0 5 2 0 2 5 4 1 5 7 1 4 3 2 7 4 1 8 7 6 3 1 2 1 8 6 2 6 4 166 Other assets5 37,6 0 0 3,2 8 0 14,1 2 0 1,1 8 1 2,4 9 2 4,9 1 5 2,1 0 3 2,5 8 7 8 8 2 7 5 2 6 7 6 9 6 4 3,648 Interdistrict settlement account 0 - 3 0 3 - 5,8 5 7 + 4,8 1 5 + 9 2 3 + 1,9 7 4 + 2,9 1 2 + 2,7 6 3 + 3 1 0 - 4 5 9 + 2 - 3,5 9 9 - 3,480 Total assets 817,2 5 4 41,3 4 6 332,2 6 5 32,7 2 1 35,4 1 2 64,0 2 6 63,6 8 8 72,5 5 3 24,4 6 3 16,2 0 2 22,3 4 6 34,5 0 3 77,729 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 8, 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 862,93 8 39,5 3 7 337,6 0 5 36,6 2 1 35,2 5 6 66,4 0 7 79,3 6 6 75,6 0 7 24,9 5 3 16,3 3 6 24,6 3 4 39,8 5 7 86,760 Less: notes held by F.R. Banks 137,23 7 4,1 6 1 40,7 8 2 6,7 9 2 5,1 5 2 11,9 8 6 22,6 3 7 9,5 2 9 2,7 8 3 2,0 1 3 4,5 7 3 8,1 7 0 18,659 Federal Reserve notes, net 725,70 1 35,3 7 7 296,8 2 3 29,8 2 9 30,1 0 4 54,4 2 1 56,7 2 9 66,0 7 8 22,1 7 0 14,3 2 2 20,0 6 0 31,6 8 7 68,101 Reverse repurchase agreements1 23,95 6 1,2 2 6 9,5 0 0 8 5 0 1,0 1 2 1,8 2 8 1,8 5 3 2,1 5 7 7 4 3 5 0 0 6 7 8 1,1 8 0 2,429 Deposits 30,36 0 1,2 0 6 16,4 5 8 6 1 8 1,1 8 0 1,8 0 6 2,5 4 9 1,8 4 2 5 9 4 3 3 6 6 8 3 7 3 2 2,357 Depository institutions 25,12 2 1,1 9 9 11,3 5 0 6 1 7 1,1 7 6 1,7 0 4 2,5 4 7 1,8 3 9 5 9 1 3 3 5 6 8 1 7 3 2 2,353 U.S. Treasury, general account 4,62 6 0 4,6 2 6 0 0 0 0 0 0 0 0 0 0 Foreign official 11 2 5 8 3 1 4 7 2 3 1 1 1 0 4 Other 50 1 2 3 9 8 0 0 9 5 0 0 2 0 2 0 0 Deferred availability cash items 7,84 3 5 9 4 8 2 1 6 5 7 7 1 6 5 2 8 8 8 6 4 1 3 1 3 8 4 2 1 4 8 8 4 0 6 1,774 Other liabilities and accrued dividends2 3,50 1 2 1 6 1,1 6 1 1 3 2 1 8 8 3 5 6 2 8 2 3 2 7 1 3 2 1 0 3 1 1 0 1 7 7 318 Total liabilities 791,36 2 38,6 1 8 324,7 6 3 32,0 8 5 33,2 0 0 58,9 3 9 62,2 9 9 70,8 1 7 23,7 7 7 15,6 8 2 22,0 1 9 34,1 8 2 74,979 Capital Capital paid in 12,90 4 1,5 6 2 3,6 1 8 3 0 8 1,1 2 7 2,5 5 2 6 6 5 8 4 5 3 3 0 2 5 3 1 5 6 1 4 8 1,340 Surplus 11,44 0 1,1 6 4 3,4 3 0 2 9 4 1,0 6 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 1,54 8 2 4 5 5 3 3 2 1 3 8 7 2 0 8 1 2 7 1 2 0 1 3 1 8 3 8 126 Total liabilities and capital 817,25 4 41,3 4 6 332,2 6 5 32,7 2 1 35,4 1 2 64,0 2 6 63,6 8 8 72,5 5 3 24,4 6 3 16,2 0 2 22,3 4 6 34,5 0 3 77,729 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 8, 2005 Federal Reserve notes outstanding 862,938 Less: Notes held by F.R. Banks not subject to collateralization 137,237 Federal Reserve notes to be collateralized 725,701 Collateral held against Federal Reserve notes 725,701 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 712,463 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 755,960 Less: face value of securities under reverse repurchase agreements 23,974 U.S. Treasury and agency securities eligible to be pledged 731,986 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.