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 August 4, 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 Aug 3, 2005 Jul 27, 2005 Aug 4, 2004 Aug 3, 2005 Reserve Bank credit 799,110 + 5,823 + 41,481 799,968 Securities held outright 724,700 - 4 + 30,972 724,700 U.S. Treasury1 724,700 - 4 + 30,972 724,700 Bills2 265,015 0 + 9,767 265,015 Notes and bonds, nominal2 437,374 0 + 15,828 437,374 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533 Inflation compensation3 2,778 - 4 + 706 2,778 Federal agency2 0 0 0 0 Repurchase agreements4 33,750 + 5,107 + 10,821 32,000 Loans to depository institutions 709 + 365 + 444 3,330 Primary credit 448 + 437 + 417 3,063 Secondary credit 0 - 67 0 0 Seasonal credit 262 - 4 + 28 267 Float -740 + 66 - 972 -938 Other Federal Reserve assets 40,691 + 288 + 216 40,875 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,671 + 14 + 584 36,671 Total factors supplying reserve funds 849,022 + 5,837 + 42,062 849,880 Currency in circulation5 763,205 + 2,206 + 29,252 765,405 Reverse repurchase agreements6 25,746 - 2,249 + 5,158 22,575 Foreign official and international accounts 25,746 - 2,249 + 5,158 22,575 Dealers 0 0 0 0 Treasury cash holdings 251 + 7 - 32 245 Deposits with F.R. Banks, other than reserve balances 14,113 + 126 - 796 13,938 U.S. Treasury, general account 5,012 + 134 + 311 4,813 Foreign official 95 - 16 - 3 84 Service-related 8,695 - 2 - 1,107 8,695 Required clearing balances 8,695 - 2 - 1,107 8,695 Adjustments to compensate for float 0 0 0 0 Other 311 + 10 + 2 346 Other liabilities and capital 30,364 + 265 + 9,019 30,373 Total factors, other than reserve balances, absorbing reserve funds 833,679 + 355 + 42,601 832,536 Reserve balances with Federal Reserve Banks 15,343 + 5,481 - 539 17,344 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,455,144 + 1,105 + 207,221 1,452,707 U.S. Treasury 1,093,185 - 1,968 + 79,853 1,089,716 Federal agency 361,959 + 3,074 + 127,369 362,991 Securities lent to dealers 4,372 + 2,674 + 3,992 7,158 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 Aug 3, 2005 Jul 27, 2005 Aug 4, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 625 0 - 115 Securities, repurchase agreements, and loans 760,030 + 3,580 + 48,975 Securities held outright 724,700 - 2 + 30,966 U.S. Treasury1 724,700 - 2 + 30,966 Bills2 265,015 0 + 9,767 Notes and bonds, nominal2 437,374 0 + 15,828 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 Inflation compensation3 2,778 - 2 + 700 Federal agency2 0 0 0 Repurchase agreements4 32,000 + 1,000 + 15,000 Loans 3,330 + 2,582 + 3,009 Items in process of collection (689) 6,050 + 567 - 1,561 Bank premises 1,825 + 4 + 116 Other assets5 39,143 + 467 + 279 Total assets (689) 820,910 + 4,616 + 47,691 Liabilities Federal Reserve notes, net of F.R. Bank holdings 729,601 + 2,343 + 28,719 Reverse repurchase agreements6 22,575 - 4,702 + 1,999 Deposits (0) 31,373 + 5,729 + 7,470 Depository institutions 26,130 + 5,276 + 7,708 U.S. Treasury, general account 4,813 + 396 - 268 Foreign official 84 + 3 + 1 Other (0) 346 + 55 + 29 Deferred availability cash items (689) 6,989 + 792 + 490 Other liabilities and accrued dividends7 3,332 + 16 + 886 Total liabilities (689) 793,870 + 4,179 + 39,564 Capital accounts Capital paid in 13,390 + 1 + 4,137 Surplus 11,567 + 54 + 2,738 Other capital accounts 2,083 + 382 + 1,253 Total capital 27,040 + 437 + 8,127 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, August 3, 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 3,101 55,883 - 521 0 0 32,000 22,575 16 days to 90 days 230 159,090 + 94 0 0 0 0 91 days to 1 year 0 171,106 + 2,565 0 0 . . . . . . Over 1 year to 5 years . . . 207,587 - 2,138 0 0 . . . . . . Over 5 years to 10 years . . . 52,887 - 1 0 0 . . . . . . Over 10 years . . . 78,148 - 1 0 0 . . . . . . All 3,330 724,700 - 2 0 0 32,000 22,575 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 August 3, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City 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 2 5 1 3 3 5 2 8 4 8 5 4 9 5 9 1 3 6 1 6 4 9 6 6 94 Securities, repurchase agreements, and loans 760,0 3 0 39,1 0 8 319,9 6 2 25,7 0 8 31,0 5 5 55,3 0 7 56,0 7 3 65,3 6 2 22,5 2 9 15,2 1 6 20,5 2 3 35,7 0 0 73,488 Securities held outright 724,7 0 0 37,0 7 8 287,3 6 9 25,7 0 8 30,6 1 5 55,3 0 7 56,0 6 7 65,2 6 3 22,4 8 8 15,1 3 6 20,4 9 8 35,6 9 3 73,480 U.S. Treasury1 724,7 0 0 37,0 7 8 287,3 6 9 25,7 0 8 30,6 1 5 55,3 0 7 56,0 6 7 65,2 6 3 22,4 8 8 15,1 3 6 20,4 9 8 35,6 9 3 73,480 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 459,6 8 5 23,5 1 9 182,2 8 1 16,3 0 7 19,4 1 9 35,0 8 2 35,5 6 4 41,3 9 7 14,2 6 4 9,6 0 1 13,0 0 2 22,6 4 0 46,609 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 32,0 0 0 0 32,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3,3 3 0 2,0 3 0 5 9 3 0 4 4 0 0 6 1 0 0 4 1 8 0 2 5 7 8 Items in process of collection 6,7 3 8 4 3 9 3 9 9 3 0 1 3 1 9 3 5 4 8 7 5 2 9 4 2 1 1 3 8 7 9 5 4 4 1 7 1,788 Bank premises 1,8 2 5 1 0 6 2 0 4 5 4 1 5 7 1 4 3 2 7 3 2 0 0 6 4 1 2 0 7 6 2 6 3 165 Other assets5 39,1 4 3 3,3 4 1 14,7 8 5 1,1 8 3 2,5 4 1 4,9 9 8 2,2 1 4 2,7 3 2 9 4 3 7 8 8 7 2 4 1,0 9 0 3,802 Interdistrict settlement account 0 - 4,6 3 8 -15,9 1 5 + 6,2 6 9 + 7 1 0 + 6,4 1 7 + 4,5 4 7 + 3,1 5 6 + 7 4 1 - 5 6 2 + 6 3 7 + 4 2 - 1,405 Total assets 821,5 9 9 38,9 9 4 324,6 9 9 34,0 5 8 35,3 8 6 68,2 5 7 65,1 8 8 72,9 7 5 24,9 2 2 16,2 0 8 23,3 4 7 38,2 2 5 79,338 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 August 3, 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 876,2 7 4 39,4 8 7 334,2 6 0 37,2 5 1 35,4 8 8 67,2 2 8 81,6 9 7 76,3 3 2 26,0 6 6 16,7 5 3 25,6 7 6 45,9 3 7 90,100 Less: notes held by F.R. Banks 146,6 7 3 4,7 6 8 43,5 3 3 6,1 2 7 5,4 0 3 12,2 7 5 23,7 1 6 10,1 7 2 3,0 3 4 2,4 0 5 4,8 6 0 10,4 5 1 19,928 Federal Reserve notes, net 729,6 0 1 34,7 1 9 290,7 2 6 31,1 2 3 30,0 8 5 54,9 5 3 57,9 8 0 66,1 5 9 23,0 3 2 14,3 4 8 20,8 1 6 35,4 8 6 70,172 Reverse repurchase agreements1 22,5 7 5 1,1 5 5 8,9 5 2 8 0 1 9 5 4 1,7 2 3 1,7 4 7 2,0 3 3 7 0 1 4 7 1 6 3 9 1,1 1 2 2,289 Deposits 31,3 7 3 8 5 3 15,5 2 1 5 7 5 1,3 1 7 3,9 8 1 2,4 2 9 2,2 1 4 5 1 3 2 8 9 6 8 0 6 3 8 2,364 Depository institutions 26,1 3 0 8 4 5 10,4 5 4 5 7 4 1,3 1 3 3,8 3 5 2,4 2 7 2,2 1 0 5 0 9 2 8 8 6 7 9 6 3 7 2,359 U.S. Treasury, general account 4,8 1 3 0 4,8 1 3 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 3 4 6 3 1 9 8 0 1 1 3 8 0 1 3 0 1 0 0 Deferred availability cash items 7,6 7 8 6 0 6 7 8 8 3 1 6 5 5 9 5 9 9 9 9 3 4 8 0 1 5 7 4 9 0 7 7 1 4 9 4 1,426 Other liabilities and accrued dividends2 3,3 3 2 1 8 0 1,1 3 0 1 3 1 1 7 0 3 2 3 2 7 4 3 1 3 1 2 8 9 9 1 1 0 1 7 5 300 Total liabilities 794,5 5 8 37,5 1 3 317,1 1 7 32,9 4 6 33,0 8 5 61,5 7 8 63,4 2 3 71,1 9 9 24,5 3 0 15,6 9 7 23,0 1 6 37,9 0 5 76,550 Capital Capital paid in 13,3 9 0 1 7 3 3,6 3 2 7 3 5 1,1 2 8 3,9 5 8 8 6 1 8 5 7 1 3 8 2 4 3 1 6 0 1 5 0 1,354 Surplus 11,5 6 7 1,2 9 1 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 2,0 8 3 1 8 5 2 1 8 3 1 0 8 5 7 2 3 8 8 1 5 6 1 8 1 4 1 8 3 6 151 Total liabilities and capital 821,5 9 9 38,9 9 4 324,6 9 9 34,0 5 8 35,3 8 6 68,2 5 7 65,1 8 8 72,9 7 5 24,9 2 2 16,2 0 8 23,3 4 7 38,2 2 5 79,338 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 Aug 3, 2005 Federal Reserve notes outstanding 876,274 Less: Notes held by F.R. Banks not subject to collateralization 146,673 Federal Reserve notes to be collateralized 729,601 Collateral held against Federal Reserve notes 729,601 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 716,364 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 756,700 Less: face value of securities under reverse repurchase agreements 22,595 U.S. Treasury and agency securities eligible to be pledged 734,105 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.