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 25, 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 24, 2005 Aug 17, 2005 Aug 25, 2004 Aug 24, 2005 Reserve Bank credit 791,441 - 2,267 + 36,236 793,765 Securities held outright 728,553 + 2,208 + 33,759 729,579 U.S. Treasury1 728,553 + 2,208 + 33,759 729,579 Bills2 267,329 + 1,070 + 12,048 267,508 Notes and bonds, nominal2 438,905 + 1,134 + 16,364 439,752 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533 Inflation compensation3 2,785 + 3 + 675 2,786 Federal agency2 0 0 0 0 Repurchase agreements4 25,107 - 1,750 + 2,321 26,000 Loans to depository institutions 333 - 112 + 92 346 Primary credit 16 - 139 + 10 12 Secondary credit 0 0 0 0 Seasonal credit 317 + 27 + 83 334 Float -522 - 544 - 61 -338 Other Federal Reserve assets 37,970 - 2,068 + 125 38,178 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,713 + 14 + 533 36,713 Total factors supplying reserve funds 841,394 - 2,254 + 36,766 843,719 Currency in circulation5 763,040 - 1,047 + 28,599 763,730 Reverse repurchase agreements6 24,037 - 1,333 + 3,070 24,114 Foreign official and international accounts 24,037 - 1,333 + 3,070 24,114 Dealers 0 0 0 0 Treasury cash holdings 253 + 3 - 68 267 Deposits with F.R. Banks, other than reserve balances 14,304 - 30 - 1,129 13,699 U.S. Treasury, general account 5,181 + 376 + 392 4,603 Foreign official 87 - 7 - 15 80 Service-related 8,720 - 399 - 1,487 8,720 Required clearing balances 8,720 - 396 - 1,487 8,720 Adjustments to compensate for float 0 - 3 0 0 Other 316 0 - 20 296 Other liabilities and capital 30,787 - 106 + 8,347 30,609 Total factors, other than reserve balances, absorbing reserve funds 832,421 - 2,513 + 38,817 832,418 Reserve balances with Federal Reserve Banks 8,974 + 260 - 2,051 11,301 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,465,802 - 2,508 + 188,133 1,467,743 U.S. Treasury 1,096,177 - 3,319 + 60,234 1,096,406 Federal agency 369,625 + 811 + 127,898 371,337 Securities lent to dealers 1,817 - 2,442 + 1,050 3,134 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 24, 2005 Aug 17, 2005 Aug 25, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 650 + 6 - 114 Securities, repurchase agreements, and loans 755,925 - 1,148 + 36,349 Securities held outright 729,579 + 2,240 + 34,739 U.S. Treasury1 729,579 + 2,240 + 34,739 Bills2 267,508 + 1,249 + 12,186 Notes and bonds, nominal2 439,752 + 988 + 17,211 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 Inflation compensation3 2,786 + 3 + 672 Federal agency2 0 0 0 Repurchase agreements4 26,000 - 2,500 + 1,500 Loans 346 - 888 + 110 Items in process of collection (1,002) 5,488 - 1,564 + 273 Bank premises 1,832 + 3 + 114 Other assets5 36,395 + 288 + 273 Total assets (1,002) 813,527 - 2,415 + 36,893 Liabilities Federal Reserve notes, net of F.R. Bank holdings 727,930 - 1,211 + 27,508 Reverse repurchase agreements6 24,114 + 611 + 3,192 Deposits (0) 25,048 - 1,395 - 2,160 Depository institutions 20,069 - 308 - 2,959 U.S. Treasury, general account 4,603 - 1,066 + 935 Foreign official 80 + 2 - 149 Other (0) 296 - 23 + 13 Deferred availability cash items (1,002) 5,826 - 475 + 301 Other liabilities and accrued dividends7 3,568 + 104 + 976 Total liabilities (1,002) 786,487 - 2,366 + 29,818 Capital accounts Capital paid in 13,441 0 + 2,989 Surplus 11,630 + 1 + 2,796 Other capital accounts 1,969 - 50 + 1,291 Total capital 27,040 - 49 + 7,075 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 24, 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 285 59,238 + 963 0 0 26,000 24,114 16 days to 90 days 62 156,724 - 1,288 0 0 0 0 91 days to 1 year 0 171,081 + 1,574 0 0 . . . . . . Over 1 year to 5 years . . . 213,119 + 489 0 0 . . . . . . Over 5 years to 10 years . . . 52,433 + 501 0 0 . . . . . . Over 10 years . . . 76,984 + 1 0 0 . . . . . . All 346 729,579 + 2,240 0 0 26,000 24,114 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 24, 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 5 0 1 5 3 6 2 9 4 9 5 6 1 0 0 8 8 3 7 1 7 5 3 7 4 96 Securities, repurchase agreements, and loans 755,9 2 5 37,3 2 7 315,3 0 6 25,8 8 5 30,8 2 1 55,6 7 9 56,4 5 9 65,8 0 7 22,7 1 0 15,3 3 0 20,6 7 7 35,9 4 0 73,983 Securities held outright 729,5 7 9 37,3 2 7 289,3 0 3 25,8 8 1 30,8 2 1 55,6 7 9 56,4 4 4 65,7 0 2 22,6 3 9 15,2 3 8 20,6 3 6 35,9 3 3 73,975 U.S. Treasury1 729,5 7 9 37,3 2 7 289,3 0 3 25,8 8 1 30,8 2 1 55,6 7 9 56,4 4 4 65,7 0 2 22,6 3 9 15,2 3 8 20,6 3 6 35,9 3 3 73,975 Bills2 267,5 0 8 13,6 8 7 106,0 7 6 9,4 9 0 11,3 0 1 20,4 1 5 20,6 9 6 24,0 9 0 8,3 0 1 5,5 8 7 7,5 6 6 13,1 7 5 27,124 Notes and bonds3 462,0 7 1 23,6 4 1 183,2 2 7 16,3 9 2 19,5 2 0 35,2 6 4 35,7 4 8 41,6 1 2 14,3 3 8 9,6 5 1 13,0 6 9 22,7 5 8 46,851 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 26,0 0 0 0 26,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 4 6 0 3 4 0 0 1 5 1 0 5 7 0 9 3 4 1 7 8 Items in process of collection 6,4 9 0 2 9 5 2 6 3 3 2 7 2 4 7 5 0 4 1,1 9 2 3 4 1 1 9 6 3 7 7 9 4 4 3 7 6 1,429 Bank premises 1,8 3 2 1 0 8 2 0 6 5 4 1 5 7 1 4 3 2 7 3 2 0 0 6 6 1 2 0 7 7 2 6 3 165 Other assets5 36,3 9 5 3,2 0 5 13,7 3 3 1,0 5 9 2,4 3 3 4,7 7 7 1,9 9 2 2,4 9 0 8 7 0 7 3 2 6 5 1 9 2 2 3,530 Interdistrict settlement account 0 - 2,7 0 5 -16,5 8 5 + 8,1 6 6 + 1,5 3 1 + 4,8 5 8 + 3,2 7 3 + 3,3 7 0 + 4 3 1 - 6 7 1 + 2 0 5 - 4,1 5 2 + 2,279 Total assets 814,5 2 9 38,8 7 0 318,1 8 9 36,0 3 5 35,7 9 5 66,9 9 9 64,4 0 0 73,4 3 6 24,7 0 8 16,1 4 7 22,9 9 1 34,0 7 0 82,888 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 24, 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 884,2 7 4 39,5 0 4 332,7 9 7 37,6 0 2 35,8 1 9 68,0 3 1 81,5 6 9 77,7 3 6 26,1 6 8 16,8 5 9 25,8 8 0 47,7 1 1 94,598 Less: notes held by F.R. Banks 156,3 4 4 4,8 9 0 42,7 9 6 6,5 2 9 5,5 4 2 13,4 4 6 23,6 9 9 11,0 0 6 3,4 2 4 2,6 2 0 5,2 9 8 16,5 0 1 20,593 Federal Reserve notes, net 727,9 3 0 34,6 1 4 290,0 0 1 31,0 7 4 30,2 7 7 54,5 8 5 57,8 7 0 66,7 3 0 22,7 4 5 14,2 3 8 20,5 8 2 31,2 1 0 74,005 Reverse repurchase agreements1 24,1 1 4 1,2 3 4 9,5 6 2 8 5 5 1,0 1 9 1,8 4 0 1,8 6 6 2,1 7 2 7 4 8 5 0 4 6 8 2 1,1 8 8 2,445 Deposits 25,0 4 8 8 2 8 9,2 7 3 2,3 7 8 1,5 5 1 2,9 4 3 1,6 6 0 2,0 5 8 5 3 7 3 3 0 5 8 5 7 5 6 2,151 Depository institutions 20,0 6 9 8 1 9 4,4 5 4 2,3 7 7 1,5 4 5 2,8 1 5 1,6 5 6 2,0 5 5 5 3 5 3 2 9 5 8 3 7 5 5 2,146 U.S. Treasury, general account 4,6 0 3 0 4,6 0 3 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 2 9 6 4 1 6 5 0 2 1 2 0 2 0 1 0 1 0 0 Deferred availability cash items 6,8 2 8 4 6 9 6 6 9 4 2 2 5 0 0 4 9 8 9 3 3 3 8 9 1 6 4 4 6 8 6 7 5 4 1 4 1,227 Other liabilities and accrued dividends2 3,5 6 8 1 9 4 1,2 0 7 1 4 1 1 8 1 3 5 8 2 9 2 3 3 1 1 3 5 1 0 3 1 1 8 1 8 4 324 Total liabilities 787,4 8 9 37,3 3 9 310,7 1 1 34,8 7 1 33,5 2 7 60,2 2 5 62,6 2 0 71,6 7 9 24,3 2 9 15,6 4 3 22,6 4 2 33,7 5 2 80,152 Capital Capital paid in 13,4 4 1 1 7 3 3,6 4 5 7 4 2 1,1 3 0 3,9 7 0 8 6 9 8 6 0 1 3 8 2 4 3 1 7 0 1 5 0 1,351 Surplus 11,6 3 0 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 1,9 6 9 5 4 0 2 1 2 9 7 3 6 5 6 3 9 6 1 3 4 5 6 2 7 3 3 103 Total liabilities and capital 814,5 2 9 38,8 7 0 318,1 8 9 36,0 3 5 35,7 9 5 66,9 9 9 64,4 0 0 73,4 3 6 24,7 0 8 16,1 4 7 22,9 9 1 34,0 7 0 82,888 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 24, 2005 Federal Reserve notes outstanding 884,274 Less: Notes held by F.R. Banks not subject to collateralization 156,344 Federal Reserve notes to be collateralized 727,930 Collateral held against Federal Reserve notes 727,930 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 714,693 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 755,579 Less: face value of securities under reverse repurchase agreements 24,135 U.S. Treasury and agency securities eligible to be pledged 731,444 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.