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 18, 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 17, 2005 Aug 10, 2005 Aug 18, 2004 Aug 17, 2005 Reserve Bank credit 793,703 + 2,045 + 39,469 795,714 Securities held outright 726,345 + 1,643 + 32,304 727,339 U.S. Treasury1 726,345 + 1,643 + 32,304 727,339 Bills2 266,259 + 1,244 + 11,008 266,259 Notes and bonds, nominal2 437,771 + 397 + 15,941 438,764 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533 Inflation compensation3 2,782 + 2 + 684 2,783 Federal agency2 0 0 0 0 Repurchase agreements4 26,857 + 893 + 6,321 28,500 Loans to depository institutions 445 + 176 + 199 1,234 Primary credit 155 + 153 + 143 924 Secondary credit 0 0 0 0 Seasonal credit 290 + 23 + 55 310 Float 23 + 377 + 415 752 Other Federal Reserve assets 40,032 - 1,045 + 229 37,890 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,699 + 14 + 550 36,699 Total factors supplying reserve funds 843,642 + 2,058 + 40,015 845,654 Currency in circulation5 764,087 - 509 + 29,023 764,950 Reverse repurchase agreements6 25,370 + 2,259 + 3,642 23,503 Foreign official and international accounts 25,370 + 2,259 + 3,642 23,503 Dealers 0 0 0 0 Treasury cash holdings 250 + 4 - 56 250 Deposits with F.R. Banks, other than reserve balances 14,334 - 175 - 1,094 15,185 U.S. Treasury, general account 4,805 - 184 + 349 5,669 Foreign official 94 + 2 - 17 78 Service-related 9,119 + 1 - 1,407 9,119 Required clearing balances 9,116 - 2 - 1,410 9,116 Adjustments to compensate for float 3 + 3 + 3 3 Other 316 + 6 - 20 319 Other liabilities and capital 30,893 + 213 + 8,928 30,553 Total factors, other than reserve balances, absorbing reserve funds 834,934 + 1,793 + 40,443 834,442 Reserve balances with Federal Reserve Banks 8,708 + 265 - 428 11,212 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,468,310 + 7,007 + 202,760 1,470,140 U.S. Treasury 1,099,496 + 7,207 + 74,053 1,101,010 Federal agency 368,814 - 200 + 128,707 369,130 Securities lent to dealers 4,259 + 778 + 3,174 3,176 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 17, 2005 Aug 10, 2005 Aug 18, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 644 + 8 - 110 Securities, repurchase agreements, and loans 757,073 + 7,585 + 45,571 Securities held outright 727,339 + 2,636 + 32,579 U.S. Treasury1 727,339 + 2,636 + 32,579 Bills2 266,259 + 1,244 + 11,005 Notes and bonds, nominal2 438,764 + 1,390 + 16,223 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 Inflation compensation3 2,783 + 2 + 681 Federal agency2 0 0 0 Repurchase agreements4 28,500 + 4,000 + 12,000 Loans 1,234 + 949 + 993 Items in process of collection (1,508) 7,052 + 1,127 + 1,481 Bank premises 1,829 + 2 + 118 Other assets5 36,107 - 3,419 + 109 Total assets (1,508) 815,942 + 5,304 + 47,167 Liabilities Federal Reserve notes, net of F.R. Bank holdings 729,141 - 881 + 28,228 Reverse repurchase agreements6 23,503 - 137 + 2,129 Deposits (0) 26,443 + 6,015 + 7,378 Depository institutions 20,377 + 6,086 + 6,376 U.S. Treasury, general account 5,669 - 10 + 1,004 Foreign official 78 - 78 - 26 Other (0) 319 + 17 + 25 Deferred availability cash items (1,508) 6,301 + 147 + 561 Other liabilities and accrued dividends7 3,464 + 52 + 944 Total liabilities (1,508) 788,853 + 5,198 + 39,241 Capital accounts Capital paid in 13,441 + 34 + 4,179 Surplus 11,629 + 29 + 2,782 Other capital accounts 2,019 + 42 + 965 Total capital 27,089 + 106 + 7,926 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 17, 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 1,193 58,275 + 2,874 0 0 28,500 23,503 16 days to 90 days 41 158,012 - 373 0 0 0 0 91 days to 1 year 0 169,507 - 2,786 0 0 . . . . . . Over 1 year to 5 years . . . 212,630 + 5,042 0 0 . . . . . . Over 5 years to 10 years . . . 51,932 - 956 0 0 . . . . . . Over 10 years . . . 76,983 - 1,166 0 0 . . . . . . All 1,234 727,339 + 2,636 0 0 28,500 23,503 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 17, 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 4 4 1 4 3 4 2 8 4 9 5 8 9 8 8 7 3 7 1 6 5 1 7 5 97 Securities, repurchase agreements, and loans 757,0 7 3 37,6 6 3 316,9 1 5 25,8 0 2 31,0 2 9 55,5 0 8 56,2 8 0 65,7 6 5 22,6 3 3 15,2 8 1 20,6 1 2 35,8 2 9 73,756 Securities held outright 727,3 3 9 37,2 1 3 288,4 1 5 25,8 0 2 30,7 2 6 55,5 0 8 56,2 7 1 65,5 0 0 22,5 7 0 15,1 9 1 20,5 7 2 35,8 2 3 73,748 U.S. Treasury1 727,3 3 9 37,2 1 3 288,4 1 5 25,8 0 2 30,7 2 6 55,5 0 8 56,2 7 1 65,5 0 0 22,5 7 0 15,1 9 1 20,5 7 2 35,8 2 3 73,748 Bills2 266,2 5 9 13,6 2 3 105,5 8 1 9,4 4 5 11,2 4 8 20,3 2 0 20,5 9 9 23,9 7 8 8,2 6 2 5,5 6 1 7,5 3 1 13,1 1 4 26,997 Notes and bonds3 461,0 8 0 23,5 9 0 182,8 3 4 16,3 5 7 19,4 7 8 35,1 8 8 35,6 7 2 41,5 2 2 14,3 0 8 9,6 3 0 13,0 4 1 22,7 0 9 46,751 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,5 0 0 0 28,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1,2 3 4 4 5 0 0 0 3 0 2 0 9 2 6 5 6 3 9 0 4 0 7 8 Items in process of collection 8,5 6 0 5 3 0 5 5 1 4 8 0 8 1 6 5 1 1 1,2 0 5 3 2 8 3 0 9 3 4 2 9 0 4 7 0 9 1,876 Bank premises 1,8 2 9 1 0 7 2 0 6 5 4 1 5 6 1 4 3 2 7 3 2 0 0 6 6 1 2 0 7 6 2 6 3 165 Other assets5 36,1 0 7 3,1 9 8 13,5 9 8 1,0 4 8 2,4 2 3 4,7 8 1 1,9 5 4 2,4 6 0 8 6 0 7 2 7 6 4 9 9 0 6 3,502 Interdistrict settlement account 0 - 2,8 2 0 -16,8 1 5 + 6,6 6 5 + 4 7 3 + 5,8 7 3 + 5,3 6 7 + 2,7 5 9 + 2 5 6 - 6 4 7 + 2 1 6 - 2,8 1 8 + 1,491 Total assets 817,4 5 0 39,3 1 7 319,7 1 9 34,5 9 2 35,5 0 2 67,8 5 8 66,2 8 7 72,7 3 9 24,5 6 0 16,0 8 1 22,8 9 3 35,6 1 0 82,293 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 17, 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 882,1 8 1 39,5 6 7 333,0 1 5 37,4 9 8 35,7 1 9 67,7 6 5 81,8 6 5 77,0 4 1 26,0 0 2 16,6 9 1 25,8 5 4 47,6 7 2 93,491 Less: notes held by F.R. Banks 153,0 4 0 4,8 3 1 42,7 2 0 6,3 1 5 5,4 3 2 13,2 3 0 23,2 8 6 10,8 1 8 3,3 1 0 2,5 6 8 5,2 6 4 14,9 2 4 20,342 Federal Reserve notes, net 729,1 4 1 34,7 3 7 290,2 9 5 31,1 8 3 30,2 8 7 54,5 3 5 58,5 7 9 66,2 2 3 22,6 9 2 14,1 2 3 20,5 8 9 32,7 4 8 73,150 Reverse repurchase agreements1 23,5 0 3 1,2 0 3 9,3 2 0 8 3 4 9 9 3 1,7 9 4 1,8 1 8 2,1 1 7 7 2 9 4 9 1 6 6 5 1,1 5 8 2,383 Deposits 26,4 4 3 1,0 8 2 10,6 4 6 6 8 2 8 6 6 3,8 0 3 3,0 1 6 1,9 1 9 4 5 6 3 8 4 5 6 8 7 1 3 2,309 Depository institutions 20,3 7 7 1,0 6 9 4,7 5 5 6 8 1 8 6 1 3,6 6 2 3,0 1 4 1,9 1 6 4 5 3 3 8 3 5 6 6 7 1 2 2,304 U.S. Treasury, general account 5,6 6 9 0 5,6 6 9 0 0 0 0 0 0 0 0 0 0 Foreign official 7 8 5 5 0 1 4 7 2 3 1 1 1 0 4 Other 3 1 9 8 1 7 1 0 1 1 3 3 0 0 2 0 1 0 0 Deferred availability cash items 7,8 0 9 5 8 6 7 8 4 6 0 4 9 0 0 6 2 4 8 0 9 3 8 9 1 6 2 4 7 5 6 0 4 4 8 7 1,385 Other liabilities and accrued dividends2 3,4 6 4 1 8 4 1,1 7 7 1 3 7 1 7 7 3 3 5 2 8 4 3 2 6 1 3 2 1 0 2 1 1 4 1 8 1 315 Total liabilities 790,3 6 1 37,7 9 1 312,2 2 1 33,4 4 0 33,2 2 2 61,0 9 1 64,5 0 7 70,9 7 3 24,1 7 2 15,5 7 5 22,5 4 0 35,2 8 7 79,542 Capital Capital paid in 13,4 4 1 1 7 3 3,6 4 5 7 4 2 1,1 2 9 3,9 7 0 8 6 9 8 6 1 1 3 8 2 4 3 1 7 0 1 5 0 1,351 Surplus 11,6 2 9 1,3 5 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 2,0 1 9 0 4 2 3 1 1 7 8 6 6 4 8 3 9 6 1 4 2 1 4 9 2 9 3 9 118 Total liabilities and capital 817,4 5 0 39,3 1 7 319,7 1 9 34,5 9 2 35,5 0 2 67,8 5 8 66,2 8 7 72,7 3 9 24,5 6 0 16,0 8 1 22,8 9 3 35,6 1 0 82,293 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 17, 2005 Federal Reserve notes outstanding 882,181 Less: Notes held by F.R. Banks not subject to collateralization 153,040 Federal Reserve notes to be collateralized 729,141 Collateral held against Federal Reserve notes 729,141 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 715,904 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 755,839 Less: face value of securities under reverse repurchase agreements 23,525 U.S. Treasury and agency securities eligible to be pledged 732,314 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.