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 8, 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 Sep 7, 2005 Aug 31, 2005 Sep 8, 2004 Sep 7, 2005 Reserve Bank credit 799,280 + 1,476 + 34,842 802,277 Securities held outright 730,411 - 289 + 35,540 730,418 U.S. Treasury1 730,411 - 289 + 35,540 730,418 Bills2 267,780 + 157 + 12,432 267,780 Notes and bonds, nominal2 440,292 - 464 + 17,751 440,292 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533 Inflation compensation3 2,805 + 17 + 686 2,813 Federal agency2 0 0 0 0 Repurchase agreements4 30,250 + 1,536 - 679 31,500 Loans to depository institutions 321 - 11 + 54 331 Primary credit 20 + 14 - 11 25 Secondary credit 0 0 0 0 Seasonal credit 301 - 25 + 65 305 Float -451 - 89 - 724 1,226 Other Federal Reserve assets 38,750 + 330 + 652 38,802 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,741 + 14 + 516 36,741 Total factors supplying reserve funds 849,262 + 1,490 + 35,356 852,259 Currency in circulation5 769,269 + 6,114 + 27,999 771,037 Reverse repurchase agreements6 25,215 + 244 + 1,694 25,154 Foreign official and international accounts 25,215 + 244 + 1,694 25,154 Dealers 0 0 0 0 Treasury cash holdings 261 - 5 - 60 255 Deposits with F.R. Banks, other than reserve balances 14,112 + 137 - 1,408 13,727 U.S. Treasury, general account 4,786 - 123 - 124 4,445 Foreign official 142 + 55 + 64 82 Service-related 8,886 + 168 - 1,339 8,886 Required clearing balances 8,886 + 168 - 1,339 8,886 Adjustments to compensate for float 0 0 0 0 Other 298 + 37 - 10 314 Other liabilities and capital 31,357 + 369 + 8,293 31,016 Total factors, other than reserve balances, absorbing reserve funds 840,213 + 6,857 + 36,517 841,189 Reserve balances with Federal Reserve Banks 9,048 - 5,369 - 1,162 11,070 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,466,522 - 1,654 + 175,598 1,465,764 U.S. Treasury 1,097,287 - 1,652 + 50,494 1,097,542 Federal agency 369,235 - 2 + 125,104 368,222 Securities lent to dealers 2,947 - 358 + 1,434 5,376 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 Sep 7, 2005 Aug 31, 2005 Sep 8, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 655 - 4 - 115 Securities, repurchase agreements, and loans 762,249 - 3,967 + 33,961 Securities held outright 730,418 + 38 + 35,549 U.S. Treasury1 730,418 + 38 + 35,549 Bills2 267,780 + 14 + 12,432 Notes and bonds, nominal2 440,292 0 + 17,751 Notes and bonds, inflation-indexed2 19,533 0 + 4,671 Inflation compensation3 2,813 + 24 + 696 Federal agency2 0 0 0 Repurchase agreements4 31,500 - 4,000 - 1,500 Loans 331 - 5 - 87 Items in process of collection (1,948) 9,775 + 2,695 + 695 Bank premises 1,832 - 2 + 114 Other assets5 37,018 + 560 + 263 Total assets (1,948) 824,766 - 717 + 34,917 Liabilities Federal Reserve notes, net of F.R. Bank holdings 735,201 + 4,990 + 27,804 Reverse repurchase agreements6 25,154 - 1,333 + 1,272 Deposits (1) 24,846 - 6,852 - 3,548 Depository institutions 20,005 - 5,697 - 4,341 U.S. Treasury, general account 4,445 - 1,205 + 744 Foreign official 82 + 1 + 2 Other (1) 314 + 49 + 48 Deferred availability cash items (1,948) 8,549 + 2,210 + 1,360 Other liabilities and accrued dividends7 3,645 + 84 + 975 Total liabilities (1,948) 797,395 - 902 + 27,863 Capital accounts Capital paid in 13,403 + 1 + 2,949 Surplus 11,630 0 + 2,783 Other capital accounts 2,338 + 183 + 1,321 Total capital 27,371 + 185 + 7,054 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, September 7, 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 100 52,350 - 431 0 0 31,500 25,154 16 days to 90 days 231 162,436 + 7,018 0 0 0 0 91 days to 1 year 0 174,407 - 6,573 0 0 . . . . . . Over 1 year to 5 years . . . 211,793 + 10 0 0 . . . . . . Over 5 years to 10 years . . . 52,437 + 4 0 0 . . . . . . Over 10 years . . . 76,996 + 11 0 0 . . . . . . All 331 730,418 + 38 0 0 31,500 25,154 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 September 7, 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 5 1 3 3 9 3 4 4 9 5 5 9 9 8 8 3 7 1 7 5 7 7 2 95 Securities, repurchase agreements, and loans 762,2 4 9 37,3 7 0 321,1 3 6 25,9 1 5 30,8 5 7 55,7 6 6 56,5 1 7 65,8 6 7 22,7 3 3 15,3 4 2 20,7 0 3 35,9 7 9 74,064 Securities held outright 730,4 1 8 37,3 7 0 289,6 3 6 25,9 1 1 30,8 5 7 55,7 4 3 56,5 0 9 65,7 7 8 22,6 6 6 15,2 5 5 20,6 5 9 35,9 7 4 74,060 U.S. Treasury1 730,4 1 8 37,3 7 0 289,6 3 6 25,9 1 1 30,8 5 7 55,7 4 3 56,5 0 9 65,7 7 8 22,6 6 6 15,2 5 5 20,6 5 9 35,9 7 4 74,060 Bills2 267,7 8 0 13,7 0 0 106,1 8 4 9,4 9 9 11,3 1 2 20,4 3 6 20,7 1 7 24,1 1 5 8,3 0 9 5,5 9 3 7,5 7 4 13,1 8 9 27,151 Notes and bonds3 462,6 3 8 23,6 7 0 183,4 5 2 16,4 1 2 19,5 4 4 35,3 0 7 35,7 9 2 41,6 6 3 14,3 5 6 9,6 6 3 13,0 8 5 22,7 8 6 46,909 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 31,5 0 0 0 31,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 3 1 0 0 3 0 2 3 8 8 9 6 7 8 7 4 4 5 4 Items in process of collection 11,7 2 3 7 0 9 5 6 0 9 3 9 9 5 9 6 5 1 2,2 2 5 6 7 9 4 4 8 4 0 9 1,0 7 1 9 6 4 2,108 Bank premises 1,8 3 2 1 0 7 2 0 5 5 4 1 5 7 1 4 4 2 7 2 2 0 4 6 6 1 2 0 7 8 2 6 3 165 Other assets5 37,0 1 8 3,2 4 5 13,9 1 6 1,1 6 2 2,4 6 7 4,8 4 4 2,0 6 2 2,5 3 6 8 6 2 7 4 0 6 5 9 9 3 6 3,588 Interdistrict settlement account 0 - 2,5 8 1 -20,5 4 6 + 6,4 0 9 + 8 6 0 + 5,6 9 4 + 4,1 9 4 + 4,0 6 5 + 8 9 4 - 6 0 0 + 4 9 0 - 4,2 8 1 + 5,402 Total assets 826,7 1 4 39,4 8 8 320,5 3 9 35,0 2 7 35,9 0 5 68,1 3 7 66,4 8 2 74,5 7 8 25,4 3 8 16,2 6 9 23,4 4 2 34,5 8 0 86,828 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 September 7, 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 886,2 7 1 39,7 0 1 332,3 7 9 37,5 7 0 35,9 8 9 67,9 3 4 81,2 2 9 78,4 2 7 26,4 6 1 16,8 3 8 25,9 4 4 47,6 4 8 96,151 Less: notes held by F.R. Banks 151,0 7 0 4,7 3 4 41,5 1 3 6,3 5 2 5,2 7 9 12,9 7 4 22,8 9 6 10,5 8 4 3,0 8 4 2,5 6 4 5,0 5 4 16,3 7 9 19,655 Federal Reserve notes, net 735,2 0 1 34,9 6 7 290,8 6 5 31,2 1 7 30,7 1 0 54,9 6 0 58,3 3 3 67,8 4 3 23,3 7 7 14,2 7 4 20,8 9 0 31,2 6 9 76,495 Reverse repurchase agreements1 25,1 5 4 1,2 8 7 9,9 7 5 8 9 2 1,0 6 3 1,9 2 0 1,9 4 6 2,2 6 5 7 8 1 5 2 5 7 1 1 1,2 3 9 2,550 Deposits 24,8 4 6 6 6 5 9,8 5 8 8 7 7 8 0 6 3,3 6 7 2,1 9 4 1,6 9 8 4 7 4 3 3 2 6 3 9 8 6 9 3,067 Depository institutions 20,0 0 5 6 5 3 5,1 9 1 8 7 6 8 0 3 3,2 2 1 2,1 9 5 1,6 9 6 4 7 1 3 3 1 6 3 8 8 6 8 3,062 U.S. Treasury, general account 4,4 4 5 0 4,4 4 5 0 0 0 0 0 0 0 0 0 0 Foreign official 8 2 5 5 3 1 4 7 2 3 1 1 1 0 4 Other 3 1 5 7 1 6 9 0 0 1 3 8 - 3 0 2 0 1 0 0 Deferred availability cash items 10,4 9 7 8 0 7 1,0 3 5 6 9 8 8 3 0 7 0 3 1,9 2 0 6 6 4 2 7 5 5 2 3 7 3 0 6 9 3 1,619 Other liabilities and accrued dividends2 3,6 4 5 1 9 2 1,2 3 5 1 4 5 1 8 7 3 6 5 2 9 9 3 3 9 1 3 7 1 0 6 1 1 7 1 8 8 334 Total liabilities 799,3 4 3 37,9 1 8 312,9 6 8 33,8 3 0 33,5 9 6 61,3 1 4 64,6 9 3 72,8 0 9 25,0 4 4 15,7 6 0 23,0 8 7 34,2 5 8 84,066 Capital Capital paid in 13,4 0 3 1 7 3 3,6 5 5 7 4 2 1,1 3 0 3,9 2 0 8 6 9 8 6 2 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 2,3 3 8 4 5 4 8 6 1 6 2 1 1 4 7 5 5 4 0 4 1 4 4 1 8 1 1 3 2 3 7 129 Total liabilities and capital 826,7 1 4 39,4 8 8 320,5 3 9 35,0 2 7 35,9 0 5 68,1 3 7 66,4 8 2 74,5 7 8 25,4 3 8 16,2 6 9 23,4 4 2 34,5 8 0 86,828 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 Sep 7, 2005 Federal Reserve notes outstanding 886,271 Less: Notes held by F.R. Banks not subject to collateralization 151,070 Federal Reserve notes to be collateralized 735,201 Collateral held against Federal Reserve notes 735,201 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 721,965 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 761,918 Less: face value of securities under reverse repurchase agreements 25,178 U.S. Treasury and agency securities eligible to be pledged 736,740 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.