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 September 1, 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 31, 2005 Aug 24, 2005 Sep 1, 2004 Aug 31, 2005 Reserve Bank credit 797,815 + 6,375 + 33,773 805,158 Securities held outright 730,700 + 2,147 + 35,849 730,380 U.S. Treasury1 730,700 + 2,147 + 35,849 730,380 Bills2 267,623 + 294 + 12,297 267,766 Notes and bonds, nominal2 440,756 + 1,851 + 18,215 440,292 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533 Inflation compensation3 2,788 + 3 + 667 2,789 Federal agency2 0 0 0 0 Repurchase agreements4 28,714 + 3,607 - 2,286 35,500 Loans to depository institutions 332 - 1 + 59 336 Primary credit 6 - 10 - 25 22 Secondary credit 0 0 0 0 Seasonal credit 326 + 9 + 84 314 Float -351 + 171 - 299 741 Other Federal Reserve assets 38,420 + 450 + 450 38,201 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,727 + 14 + 516 36,727 Total factors supplying reserve funds 847,783 + 6,389 + 34,286 855,126 Currency in circulation5 763,154 + 114 + 28,164 766,016 Reverse repurchase agreements6 24,971 + 934 + 2,529 26,487 Foreign official and international accounts 24,971 + 934 + 2,529 26,487 Dealers 0 0 0 0 Treasury cash holdings 267 + 14 - 61 267 Deposits with F.R. Banks, other than reserve balances 13,975 - 330 - 1,906 14,714 U.S. Treasury, general account 4,909 - 272 - 388 5,650 Foreign official 87 0 - 4 81 Service-related 8,718 - 3 - 1,488 8,718 Required clearing balances 8,718 - 3 - 1,488 8,718 Adjustments to compensate for float 0 0 0 0 Other 261 - 55 - 26 265 Other liabilities and capital 30,988 + 201 + 8,113 30,748 Total factors, other than reserve balances, absorbing reserve funds 833,356 + 934 + 36,839 838,232 Reserve balances with Federal Reserve Banks 14,428 + 5,455 - 2,552 16,893 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,468,176 + 2,374 + 185,560 1,469,799 U.S. Treasury 1,098,939 + 2,762 + 59,452 1,100,713 Federal agency 369,237 - 388 + 126,107 369,086 Securities lent to dealers 3,305 + 1,488 + 2,766 4,655 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 31, 2005 Aug 24, 2005 Sep 1, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 659 + 9 - 118 Securities, repurchase agreements, and loans 766,216 + 10,291 + 38,619 Securities held outright 730,380 + 801 + 35,522 U.S. Treasury1 730,380 + 801 + 35,522 Bills2 267,766 + 258 + 12,436 Notes and bonds, nominal2 440,292 + 540 + 17,751 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 Inflation compensation3 2,789 + 3 + 665 Federal agency2 0 0 0 Repurchase agreements4 35,500 + 9,500 + 3,000 Loans 336 - 10 + 97 Items in process of collection (1,337) 7,080 + 1,592 + 238 Bank premises 1,834 + 2 + 116 Other assets5 36,458 + 63 + 128 Total assets (1,337) 825,483 + 11,956 + 38,980 Liabilities Federal Reserve notes, net of F.R. Bank holdings 730,211 + 2,281 + 27,134 Reverse repurchase agreements6 26,487 + 2,373 + 3,284 Deposits (0) 31,698 + 6,650 + 1,008 Depository institutions 25,702 + 5,633 + 1,784 U.S. Treasury, general account 5,650 + 1,047 - 724 Foreign official 81 + 1 0 Other (0) 265 - 31 - 52 Deferred availability cash items (1,337) 6,339 + 513 - 302 Other liabilities and accrued dividends7 3,561 - 7 + 961 Total liabilities (1,337) 798,297 + 11,810 + 32,087 Capital accounts Capital paid in 13,402 - 39 + 2,949 Surplus 11,630 0 + 2,783 Other capital accounts 2,155 + 186 + 1,162 Total capital 27,186 + 146 + 6,893 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 31, 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 278 52,781 - 6,457 0 0 35,500 26,487 16 days to 90 days 58 155,418 - 1,306 0 0 0 0 91 days to 1 year 0 180,980 + 9,899 0 0 . . . . . . Over 1 year to 5 years . . . 211,783 - 1,336 0 0 . . . . . . Over 5 years to 10 years . . . 52,433 0 0 0 . . . . . . Over 10 years . . . 76,985 + 1 0 0 . . . . . . All 336 730,380 + 801 0 0 35,500 26,487 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 31, 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 9 1 4 3 7 2 9 4 9 5 7 1 0 4 8 9 3 7 1 6 5 6 7 4 97 Securities, repurchase agreements, and loans 766,2 1 6 37,3 6 8 325,1 3 3 25,9 1 4 30,8 5 5 55,7 4 0 56,5 1 6 65,8 7 8 22,7 2 8 15,3 3 9 20,6 9 7 35,9 7 8 74,070 Securities held outright 730,3 8 0 37,3 6 8 289,6 2 1 25,9 1 0 30,8 5 5 55,7 4 0 56,5 0 6 65,7 7 4 22,6 6 4 15,2 5 4 20,6 5 8 35,9 7 2 74,056 U.S. Treasury1 730,3 8 0 37,3 6 8 289,6 2 1 25,9 1 0 30,8 5 5 55,7 4 0 56,5 0 6 65,7 7 4 22,6 6 4 15,2 5 4 20,6 5 8 35,9 7 2 74,056 Bills2 267,7 6 6 13,7 0 0 106,1 7 8 9,4 9 9 11,3 1 2 20,4 3 5 20,7 1 6 24,1 1 4 8,3 0 9 5,5 9 2 7,5 7 4 13,1 8 8 27,150 Notes and bonds3 462,6 1 4 23,6 6 9 183,4 4 3 16,4 1 1 19,5 4 3 35,3 0 5 35,7 9 0 41,6 6 1 14,3 5 5 9,6 6 2 13,0 8 5 22,7 8 4 46,906 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 35,5 0 0 0 35,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 3 6 0 1 2 4 0 0 9 1 0 4 6 4 8 5 3 9 5 14 Items in process of collection 8,4 1 7 3 6 2 4 7 3 4 9 0 7 7 6 3 2 0 1,6 1 2 6 0 7 4 3 4 2 6 9 9 8 8 6 2 8 1,456 Bank premises 1,8 3 4 1 0 8 2 0 5 5 4 1 5 6 1 4 3 2 7 2 2 0 3 6 8 1 2 0 7 6 2 6 3 165 Other assets5 36,4 5 8 3,2 1 0 13,7 4 1 1,0 5 9 2,4 3 5 4,7 9 2 2,0 0 7 2,4 9 6 8 7 0 7 3 3 6 5 0 9 2 2 3,544 Interdistrict settlement account 0 - 2,3 4 8 -17,9 2 6 + 6,6 1 7 + 1,4 8 4 + 4,9 6 9 + 3,7 1 3 + 3,7 6 0 + 6 2 2 - 5 9 5 + 5 2 6 - 4,8 9 5 + 4,074 Total assets 826,8 2 0 39,3 3 9 326,8 9 1 34,6 7 8 36,3 1 2 67,0 0 5 65,3 3 5 74,1 7 3 25,1 5 8 16,1 2 3 23,3 7 7 33,6 1 7 84,812 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 31, 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 885,8 9 6 39,7 3 3 332,5 4 6 37,5 6 9 36,0 0 1 68,0 1 8 81,4 3 7 78,4 2 8 26,3 9 3 16,8 3 3 25,9 4 8 47,6 2 8 95,364 Less: notes held by F.R. Banks 155,6 8 6 4,9 0 1 42,0 3 6 6,4 0 3 5,5 1 4 13,3 9 7 23,6 5 1 10,9 2 5 3,4 1 3 2,6 4 7 5,2 8 4 17,1 6 7 20,349 Federal Reserve notes, net 730,2 1 1 34,8 3 2 290,5 1 0 31,1 6 6 30,4 8 8 54,6 2 1 57,7 8 6 67,5 0 4 22,9 8 0 14,1 8 5 20,6 6 4 30,4 6 1 75,014 Reverse repurchase agreements1 26,4 8 7 1,3 5 5 10,5 0 3 9 4 0 1,1 1 9 2,0 2 1 2,0 4 9 2,3 8 5 8 2 2 5 5 3 7 4 9 1,3 0 5 2,686 Deposits 31,6 9 8 8 9 9 16,3 4 2 5 9 1 1,5 9 0 2,7 1 5 2,5 5 1 1,7 6 9 6 0 7 3 5 1 8 4 6 8 0 8 2,628 Depository institutions 25,7 0 2 8 8 2 10,4 7 6 5 9 0 1,5 8 6 2,6 2 5 2,5 4 7 1,7 6 6 6 0 3 3 5 0 8 4 5 8 0 8 2,624 U.S. Treasury, general account 5,6 5 0 0 5,6 5 0 0 0 0 0 0 0 0 0 0 0 Foreign official 8 1 5 5 3 1 4 7 2 3 1 1 1 0 4 Other 2 6 5 1 2 1 6 2 0 0 8 3 2 0 3 0 1 0 0 Deferred availability cash items 7,6 7 6 5 0 5 7 9 9 6 5 9 6 5 4 5 2 6 8 7 1 4 1 4 2 2 3 4 2 5 6 5 1 5 3 9 1,409 Other liabilities and accrued dividends2 3,5 6 1 1 9 0 1,2 1 7 1 4 2 1 8 3 3 4 5 2 8 9 3 3 1 1 3 9 1 0 1 1 1 6 1 8 4 324 Total liabilities 799,6 3 4 37,7 8 1 319,3 7 1 33,4 9 8 34,0 3 4 60,2 3 0 63,5 4 7 72,4 0 3 24,7 7 1 15,6 1 6 23,0 2 6 33,2 9 7 82,060 Capital Capital paid in 13,4 0 2 1 7 3 3,6 5 5 7 4 2 1,1 3 0 3,9 2 0 8 6 9 8 6 1 1 4 0 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 2,1 5 5 3 1 4 3 7 1 4 4 8 3 7 0 7 4 0 4 1 4 6 1 2 1 0 2 8 3 5 118 Total liabilities and capital 826,8 2 0 39,3 3 9 326,8 9 1 34,6 7 8 36,3 1 2 67,0 0 5 65,3 3 5 74,1 7 3 25,1 5 8 16,1 2 3 23,3 7 7 33,6 1 7 84,812 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 31, 2005 Federal Reserve notes outstanding 885,896 Less: Notes held by F.R. Banks not subject to collateralization 155,686 Federal Reserve notes to be collateralized 730,211 Collateral held against Federal Reserve notes 730,211 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 716,974 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 765,880 Less: face value of securities under reverse repurchase agreements 26,513 U.S. Treasury and agency securities eligible to be pledged 739,367 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.