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 15, 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 14, 2005 Sep 7, 2005 Sep 15, 2004 Sep 14, 2005 Reserve Bank credit 800,567 + 1,287 + 32,149 804,967 Securities held outright 732,393 + 1,982 + 36,830 733,268 U.S. Treasury1 732,393 + 1,982 + 36,830 733,268 Bills2 267,814 + 34 + 12,454 267,826 Notes and bonds, nominal2 441,808 + 1,516 + 18,581 442,593 Notes and bonds, inflation-indexed2 19,919 + 386 + 5,057 19,983 Inflation compensation3 2,852 + 47 + 739 2,865 Federal agency2 0 0 0 0 Repurchase agreements4 28,036 - 2,214 - 5,464 32,000 Loans to depository institutions 312 - 9 + 54 333 Primary credit 3 - 17 - 17 13 Secondary credit 0 0 0 0 Seasonal credit 309 + 8 + 71 321 Float 820 + 1,271 + 347 267 Other Federal Reserve assets 39,006 + 256 + 381 39,099 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,513 + 14 + 275 36,513 Total factors supplying reserve funds 850,322 + 1,302 + 32,423 854,721 Currency in circulation5 769,193 + 166 + 29,051 769,103 Reverse repurchase agreements6 25,235 + 20 + 528 25,960 Foreign official and international accounts 25,235 + 20 + 528 25,960 Dealers 0 0 0 0 Treasury cash holdings 254 - 7 - 68 252 Deposits with F.R. Banks, other than reserve balances 14,230 + 118 - 1,610 14,542 U.S. Treasury, general account 4,973 + 187 - 288 5,319 Foreign official 91 - 51 + 7 83 Service-related 8,882 - 4 - 1,341 8,882 Required clearing balances 8,882 - 4 - 1,341 8,882 Adjustments to compensate for float 0 0 0 0 Other 284 - 14 + 11 258 Other liabilities and capital 31,283 - 74 + 8,012 30,807 Total factors, other than reserve balances, absorbing reserve funds 840,195 + 223 + 35,913 840,664 Reserve balances with Federal Reserve Banks 10,127 + 1,079 - 3,490 14,057 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,459,730 - 6,792 + 168,356 1,459,821 U.S. Treasury 1,090,975 - 6,312 + 43,218 1,086,811 Federal agency 368,755 - 480 + 125,139 373,011 Securities lent to dealers 5,592 + 2,645 + 3,895 5,412 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 14, 2005 Sep 7, 2005 Sep 15, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 667 + 12 - 103 Securities, repurchase agreements, and loans 765,601 + 3,352 + 34,095 Securities held outright 733,268 + 2,850 + 37,565 U.S. Treasury1 733,268 + 2,850 + 37,565 Bills2 267,826 + 46 + 12,437 Notes and bonds, nominal2 442,593 + 2,301 + 19,252 Notes and bonds, inflation-indexed2 19,983 + 450 + 5,121 Inflation compensation3 2,865 + 52 + 754 Federal agency2 0 0 0 Repurchase agreements4 32,000 + 500 - 3,500 Loans 333 + 2 + 30 Items in process of collection (1,206) 7,194 - 2,581 + 960 Bank premises 1,834 + 2 + 112 Other assets5 37,384 + 366 + 469 Total assets (1,206) 825,917 + 1,151 + 35,532 Liabilities Federal Reserve notes, net of F.R. Bank holdings 733,504 - 1,697 + 29,087 Reverse repurchase agreements6 25,960 + 806 + 1,637 Deposits (7) 28,718 + 3,872 - 3,775 Depository institutions 23,058 + 3,053 - 1,477 U.S. Treasury, general account 5,319 + 874 - 2,307 Foreign official 83 + 1 + 4 Other (7) 258 - 56 + 6 Deferred availability cash items (1,200) 6,928 - 1,621 + 655 Other liabilities and accrued dividends7 3,751 + 106 + 1,102 Total liabilities (1,206) 798,861 + 1,466 + 28,705 Capital accounts Capital paid in 13,297 - 106 + 2,818 Surplus 11,630 0 + 2,783 Other capital accounts 2,129 - 209 + 1,226 Total capital 27,056 - 315 + 6,827 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 14, 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 61 52,446 + 96 0 0 32,000 25,960 16 days to 90 days 272 162,236 - 200 0 0 0 0 91 days to 1 year 0 174,557 + 150 0 0 . . . . . . Over 1 year to 5 years . . . 214,341 + 2,548 0 0 . . . . . . Over 5 years to 10 years . . . 52,583 + 146 0 0 . . . . . . Over 10 years . . . 77,104 + 108 0 0 . . . . . . All 333 733,268 + 2,850 0 0 32,000 25,960 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 14, 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 6 7 1 5 4 1 3 4 5 2 5 7 9 8 8 8 3 7 1 9 6 1 6 8 96 Securities, repurchase agreements, and loans 765,6 0 1 37,5 1 6 322,7 7 7 26,0 1 5 30,9 7 7 55,9 6 0 56,7 4 0 66,1 2 4 22,8 2 1 15,4 1 1 20,7 8 2 36,1 2 3 74,354 Securities held outright 733,2 6 8 37,5 1 6 290,7 6 6 26,0 1 2 30,9 7 7 55,9 6 0 56,7 3 0 66,0 3 4 22,7 5 4 15,3 1 5 20,7 4 0 36,1 1 5 74,349 U.S. Treasury1 733,2 6 8 37,5 1 6 290,7 6 6 26,0 1 2 30,9 7 7 55,9 6 0 56,7 3 0 66,0 3 4 22,7 5 4 15,3 1 5 20,7 4 0 36,1 1 5 74,349 Bills2 267,8 2 6 13,7 0 3 106,2 0 2 9,5 0 1 11,3 1 4 20,4 4 0 20,7 2 0 24,1 1 9 8,3 1 1 5,5 9 4 7,5 7 5 13,1 9 1 27,156 Notes and bonds3 465,4 4 1 23,8 1 3 184,5 6 4 16,5 1 1 19,6 6 3 35,5 2 1 36,0 0 9 41,9 1 5 14,4 4 3 9,7 2 1 13,1 6 5 22,9 2 4 47,193 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 32,0 0 0 0 32,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 3 3 0 1 1 3 0 0 1 0 9 0 6 7 9 6 4 3 8 5 Items in process of collection 8,4 0 1 5 1 0 4 8 9 4 1 0 5 8 4 5 0 2 1,9 3 0 4 5 7 4 0 7 3 4 7 8 0 3 4 9 9 1,464 Bank premises 1,8 3 4 1 0 7 2 0 5 5 4 1 5 7 1 4 4 2 7 3 2 0 4 6 6 1 2 0 7 8 2 6 3 165 Other assets5 37,3 8 4 3,2 4 7 14,0 4 0 1,1 7 3 2,4 5 9 4,8 6 4 2,1 0 0 2,5 6 4 8 7 4 7 4 5 6 7 0 9 5 6 3,691 Interdistrict settlement account 0 - 2,6 2 2 -17,5 2 3 + 6,1 8 3 + 9 1 8 + 5,7 3 2 + 3,8 9 2 + 3,4 6 4 + 5 8 7 - 6 5 9 + 4 8 2 - 4,1 5 6 + 3,701 Total assets 827,1 2 3 39,3 9 8 325,2 5 8 34,3 8 4 35,7 0 4 68,2 4 2 66,1 4 5 74,0 4 2 25,1 9 0 16,2 2 4 23,2 6 0 34,3 9 9 84,877 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 14, 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 886,5 8 2 39,6 6 2 332,2 6 8 37,5 3 3 36,0 8 0 68,1 3 9 80,9 7 3 78,3 0 5 26,4 8 7 16,8 2 0 25,9 3 4 47,7 5 0 96,631 Less: notes held by F.R. Banks 153,0 7 8 4,8 5 3 40,7 1 5 6,4 6 3 5,5 1 9 13,2 3 7 22,6 9 7 11,0 4 9 3,3 3 3 2,5 7 2 5,2 3 9 16,8 2 6 20,575 Federal Reserve notes, net 733,5 0 4 34,8 0 9 291,5 5 3 31,0 7 0 30,5 6 1 54,9 0 2 58,2 7 6 67,2 5 6 23,1 5 4 14,2 4 8 20,6 9 5 30,9 2 5 76,056 Reverse repurchase agreements1 25,9 6 0 1,3 2 8 10,2 9 4 9 2 1 1,0 9 7 1,9 8 1 2,0 0 8 2,3 3 8 8 0 6 5 4 2 7 3 4 1,2 7 9 2,632 Deposits 28,7 2 5 8 5 2 13,8 7 8 5 8 4 9 9 5 3,6 2 9 2,7 8 4 1,7 9 6 5 2 1 3 2 1 6 5 6 8 7 8 1,830 Depository institutions 23,0 5 8 8 4 4 8,3 2 4 5 8 3 9 9 0 3,5 5 4 2,7 7 5 1,7 9 2 5 1 9 3 2 0 6 5 4 8 7 7 1,825 U.S. Treasury, general account 5,3 1 9 0 5,3 1 9 0 0 0 0 0 0 0 0 0 0 Foreign official 8 3 5 5 5 1 4 7 2 3 1 1 1 0 4 Other 2 6 5 3 1 8 1 1 1 6 8 7 1 1 0 1 0 0 Deferred availability cash items 8,1 2 8 6 7 6 7 7 7 4 4 6 7 1 1 5 2 2 9 8 8 5 4 4 1 8 3 5 0 0 7 0 1 8 0 2 1,277 Other liabilities and accrued dividends2 3,7 5 1 1 9 5 1,2 7 2 1 5 0 1 9 1 3 7 6 3 0 5 3 5 2 1 4 0 1 0 9 1 2 2 1 9 1 348 Total liabilities 800,0 6 8 37,8 6 0 317,7 7 4 33,1 7 2 33,5 5 5 61,4 1 0 64,3 6 2 72,2 8 6 24,8 0 3 15,7 2 1 22,9 0 8 34,0 7 4 82,143 Capital Capital paid in 13,2 9 7 1 7 3 3,6 5 0 7 4 2 1,0 2 6 3,9 2 2 8 6 9 8 6 3 1 3 9 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 2 9 1 2 4 0 4 1 7 7 5 9 7 6 2 3 9 8 1 3 0 1 2 5 2 9 4 0 101 Total liabilities and capital 827,1 2 3 39,3 9 8 325,2 5 8 34,3 8 4 35,7 0 4 68,2 4 2 66,1 4 5 74,0 4 2 25,1 9 0 16,2 2 4 23,2 6 0 34,3 9 9 84,877 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 14, 2005 Federal Reserve notes outstanding 886,582 Less: Notes held by F.R. Banks not subject to collateralization 153,078 Federal Reserve notes to be collateralized 733,504 Collateral held against Federal Reserve notes 733,504 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 720,267 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 765,268 Less: face value of securities under reverse repurchase agreements 25,984 U.S. Treasury and agency securities eligible to be pledged 739,284 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.