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 11, 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 10, 2005 Aug 3, 2005 Aug 11, 2004 Aug 10, 2005 Reserve Bank credit 791,658 - 7,447 + 36,871 790,553 Securities held outright 724,702 + 2 + 30,961 724,703 U.S. Treasury1 724,702 + 2 + 30,961 724,703 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 2,780 + 2 + 695 2,781 Federal agency2 0 0 0 0 Repurchase agreements4 25,964 - 7,786 + 5,928 24,500 Loans to depository institutions 269 - 440 + 30 285 Primary credit 2 - 446 - 14 2 Secondary credit 0 0 0 0 Seasonal credit 267 + 5 + 44 283 Float -354 + 391 - 54 -231 Other Federal Reserve assets 41,077 + 386 + 6 41,297 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,685 + 14 + 567 36,685 Total factors supplying reserve funds 841,584 - 7,433 + 37,435 840,479 Currency in circulation5 764,596 + 1,391 + 29,574 765,825 Reverse repurchase agreements6 23,111 - 2,635 + 2,689 23,640 Foreign official and international accounts 23,111 - 2,635 + 2,689 23,640 Dealers 0 0 0 0 Treasury cash holdings 246 - 5 - 43 250 Deposits with F.R. Banks, other than reserve balances 14,509 + 396 - 1,472 15,255 U.S. Treasury, general account 4,989 - 23 - 75 5,679 Foreign official 92 - 3 + 11 156 Service-related 9,118 + 423 - 1,420 9,118 Required clearing balances 9,118 + 423 - 1,411 9,118 Adjustments to compensate for float 0 0 - 10 0 Other 310 - 1 + 12 302 Other liabilities and capital 30,680 + 316 + 8,830 30,395 Total factors, other than reserve balances, absorbing reserve funds 833,141 - 538 + 39,577 835,364 Reserve balances with Federal Reserve Banks 8,443 - 6,895 - 2,143 5,115 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,461,303 + 6,159 + 205,039 1,465,456 U.S. Treasury 1,092,289 - 896 + 74,350 1,096,279 Federal agency 369,014 + 7,055 + 130,689 369,178 Securities lent to dealers 3,481 - 891 + 2,733 3,055 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 10, 2005 Aug 3, 2005 Aug 11, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 636 + 11 - 114 Securities, repurchase agreements, and loans 749,488 - 10,542 + 39,511 Securities held outright 724,703 + 3 + 30,957 U.S. Treasury1 724,703 + 3 + 30,957 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 2,781 + 3 + 691 Federal agency2 0 0 0 Repurchase agreements4 24,500 - 7,500 + 8,500 Loans 285 - 3,045 + 54 Items in process of collection (995) 5,925 - 125 + 608 Bank premises 1,827 + 2 + 117 Other assets5 39,526 + 383 + 101 Total assets (995) 810,638 - 10,272 + 40,220 Liabilities Federal Reserve notes, net of F.R. Bank holdings 730,022 + 421 + 28,814 Reverse repurchase agreements6 23,640 + 1,065 + 3,034 Deposits (0) 20,428 - 10,945 - 620 Depository institutions 14,291 - 11,839 - 1,793 U.S. Treasury, general account 5,679 + 866 + 1,062 Foreign official 156 + 72 + 74 Other (0) 302 - 44 + 37 Deferred availability cash items (995) 6,154 - 835 + 268 Other liabilities and accrued dividends7 3,412 + 80 + 900 Total liabilities (995) 783,655 - 10,215 + 32,394 Capital accounts Capital paid in 13,407 + 17 + 4,147 Surplus 11,600 + 33 + 2,744 Other capital accounts 1,977 - 106 + 937 Total capital 26,983 - 57 + 7,826 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 10, 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 44 55,401 - 482 0 0 24,500 23,640 16 days to 90 days 241 158,385 - 705 0 0 0 0 91 days to 1 year 0 172,293 + 1,187 0 0 . . . . . . Over 1 year to 5 years . . . 207,588 + 1 0 0 . . . . . . Over 5 years to 10 years . . . 52,888 + 1 0 0 . . . . . . Over 10 years . . . 78,149 + 1 0 0 . . . . . . All 285 724,703 + 3 0 0 24,500 23,640 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 10, 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 3 6 1 3 3 4 2 9 4 8 5 5 9 8 8 7 3 7 1 5 5 2 7 1 97 Securities, repurchase agreements, and loans 749,4 8 8 37,0 7 8 311,8 7 2 25,7 0 8 30,6 1 5 55,3 0 7 56,0 7 3 65,3 5 8 22,5 3 4 15,2 2 5 20,5 3 0 35,6 9 9 73,488 Securities held outright 724,7 0 3 37,0 7 8 287,3 7 0 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 3 37,0 7 8 287,3 7 0 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 8 23,5 1 9 182,2 8 2 16,3 0 7 19,4 2 0 35,0 8 2 35,5 6 4 41,3 9 7 14,2 6 5 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 24,5 0 0 0 24,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 2 8 5 0 2 0 0 0 6 9 5 4 6 8 9 3 3 6 8 Items in process of collection 6,9 2 0 5 5 6 3 7 4 3 5 7 5 3 5 4 2 0 1,0 2 1 3 7 9 1 7 8 2 4 2 8 2 0 4 6 2 1,576 Bank premises 1,8 2 7 1 0 6 2 0 5 5 4 1 5 6 1 4 3 2 7 3 2 0 0 6 5 1 2 0 7 6 2 6 3 165 Other assets5 39,5 2 6 3,3 6 5 14,9 5 6 1,1 6 6 2,5 6 3 5,0 3 3 2,2 6 2 2,7 6 8 9 6 5 7 9 7 7 3 5 1,0 7 2 3,844 Interdistrict settlement account 0 - 2,4 0 5 -14,6 8 5 + 6,6 8 2 + 4 4 0 + 4,8 6 4 + 3,3 8 6 + 2,4 8 6 + 6 5 3 - 4 7 6 + 5 4 6 - 6 2 9 - 863 Total assets 811,6 3 4 39,3 3 9 317,9 8 4 34,5 1 0 34,9 1 4 66,8 0 4 64,2 2 4 72,4 1 8 24,8 3 0 16,1 6 7 23,1 4 3 37,5 8 6 79,713 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 10, 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 878,5 8 6 39,4 3 5 333,9 4 1 37,4 3 9 35,5 5 4 67,5 4 0 81,4 8 3 76,5 3 3 26,0 5 4 16,7 6 5 25,8 1 0 46,9 1 5 91,118 Less: notes held by F.R. Banks 148,5 6 4 4,7 2 3 42,9 7 7 6,2 1 4 5,3 1 3 12,7 4 0 23,3 6 4 10,4 1 7 3,0 6 4 2,4 5 7 4,9 2 3 12,1 5 1 20,222 Federal Reserve notes, net 730,0 2 2 34,7 1 1 290,9 6 4 31,2 2 5 30,2 4 1 54,7 9 9 58,1 1 9 66,1 1 6 22,9 9 0 14,3 0 8 20,8 8 7 34,7 6 4 70,896 Reverse repurchase agreements1 23,6 4 0 1,2 1 0 9,3 7 4 8 3 9 9 9 9 1,8 0 4 1,8 2 9 2,1 2 9 7 3 4 4 9 4 6 6 9 1,1 6 4 2,397 Deposits 20,4 2 8 1,1 7 3 8,2 8 4 5 8 1 5 8 4 2,6 2 1 1,5 4 4 1,6 5 7 4 5 1 3 4 0 5 3 3 6 6 7 1,991 Depository institutions 14,2 9 1 1,1 6 6 2,3 1 5 5 8 0 5 7 9 2,4 8 3 1,5 4 2 1,6 5 5 4 4 7 3 3 9 5 3 2 6 6 6 1,986 U.S. Treasury, general account 5,6 7 9 0 5,6 7 9 0 0 0 0 0 0 0 0 0 0 Foreign official 1 5 6 5 1 2 7 1 4 7 2 3 1 1 1 0 4 Other 3 0 2 3 1 6 2 0 1 1 3 1 0 0 3 0 1 0 0 Deferred availability cash items 7,1 4 9 5 5 0 7 2 5 5 9 7 6 3 7 5 3 0 6 8 0 4 3 6 1 2 6 4 1 6 5 9 8 4 8 9 1,366 Other liabilities and accrued dividends2 3,4 1 2 1 8 2 1,1 5 4 1 3 5 1 7 4 3 3 3 2 8 0 3 2 3 1 3 0 1 0 2 1 1 2 1 7 9 308 Total liabilities 784,6 5 1 37,8 2 6 310,5 0 0 33,3 7 6 32,6 3 5 60,0 8 7 62,4 5 3 70,6 6 0 24,4 3 1 15,6 6 0 22,7 9 9 37,2 6 4 76,958 Capital Capital paid in 13,4 0 7 1 7 3 3,6 3 2 7 4 2 1,1 2 9 3,9 5 8 8 6 1 8 6 0 1 3 8 2 4 3 1 7 0 1 5 0 1,350 Surplus 11,6 0 0 1,3 2 3 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 1,9 7 7 1 7 4 2 3 9 9 8 6 6 1 0 3 9 4 1 3 4 2 5 9 2 1 3 7 122 Total liabilities and capital 811,6 3 4 39,3 3 9 317,9 8 4 34,5 1 0 34,9 1 4 66,8 0 4 64,2 2 4 72,4 1 8 24,8 3 0 16,1 6 7 23,1 4 3 37,5 8 6 79,713 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 10, 2005 Federal Reserve notes outstanding 878,586 Less: Notes held by F.R. Banks not subject to collateralization 148,564 Federal Reserve notes to be collateralized 730,022 Collateral held against Federal Reserve notes 730,022 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 716,785 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 749,203 Less: face value of securities under reverse repurchase agreements 23,662 U.S. Treasury and agency securities eligible to be pledged 725,541 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.