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 22, 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 21, 2005 Sep 14, 2005 Sep 22, 2004 Sep 21, 2005 Reserve Bank credit 800,393 - 174 + 32,935 794,273 Securities held outright 733,363 + 970 + 36,339 733,388 U.S. Treasury1 733,363 + 970 + 36,339 733,388 Bills2 267,906 + 92 + 11,993 267,922 Notes and bonds, nominal2 442,593 + 785 + 18,452 442,593 Notes and bonds, inflation-indexed2 19,983 + 64 + 5,121 19,983 Inflation compensation3 2,880 + 28 + 773 2,889 Federal agency2 0 0 0 0 Repurchase agreements4 27,614 - 422 - 3,672 20,250 Loans to depository institutions 322 + 10 - 270 330 Primary credit 1 - 2 - 351 1 Secondary credit 0 0 0 0 Seasonal credit 321 + 12 + 81 329 Float -18 - 838 + 273 1,034 Other Federal Reserve assets 39,113 + 107 + 266 39,272 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,527 + 14 + 275 36,527 Total factors supplying reserve funds 850,162 - 159 + 33,209 844,042 Currency in circulation5 767,176 - 2,017 + 29,672 767,471 Reverse repurchase agreements6 24,535 - 700 - 279 23,991 Foreign official and international accounts 24,535 - 700 - 279 23,991 Dealers 0 0 0 0 Treasury cash holdings 252 - 2 - 60 254 Deposits with F.R. Banks, other than reserve balances 14,879 + 649 - 2,623 14,279 U.S. Treasury, general account 6,319 + 1,346 - 660 5,718 Foreign official 82 - 9 + 1 83 Service-related 8,238 - 644 - 1,926 8,238 Required clearing balances 8,238 - 644 - 1,926 8,238 Adjustments to compensate for float 0 0 0 0 Other 240 - 44 - 38 240 Other liabilities and capital 30,981 - 302 + 7,758 30,779 Total factors, other than reserve balances, absorbing reserve funds 837,824 - 2,371 + 34,469 836,775 Reserve balances with Federal Reserve Banks 12,338 + 2,212 - 1,259 7,267 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,456,340 - 3,390 + 166,149 1,460,212 U.S. Treasury 1,082,092 - 8,883 + 34,529 1,084,779 Federal agency 374,248 + 5,493 + 131,620 375,433 Securities lent to dealers 5,536 - 56 + 4,541 5,888 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. 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 21, 2005 Sep 14, 2005 Sep 22, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 700 + 33 - 73 Securities, repurchase agreements, and loans 753,968 - 11,633 + 29,052 Securities held outright 733,388 + 120 + 35,227 U.S. Treasury1 733,388 + 120 + 35,227 Bills2 267,922 + 96 + 10,869 Notes and bonds, nominal2 442,593 0 + 18,452 Notes and bonds, inflation-indexed2 19,983 0 + 5,121 Inflation compensation3 2,889 + 24 + 784 Federal agency2 0 0 0 Repurchase agreements4 20,250 - 11,750 - 6,250 Loans 330 - 3 + 75 Items in process of collection (1,069) 7,928 + 734 + 2,634 Bank premises 1,839 + 5 + 116 Other assets5 37,595 + 211 + 148 Total assets (1,069) 815,266 - 10,651 + 31,875 Liabilities Federal Reserve notes, net of F.R. Bank holdings 731,894 - 1,610 + 29,135 Reverse repurchase agreements6 23,991 - 1,969 - 565 Deposits (0) 21,709 - 7,009 - 5,378 Depository institutions 15,667 - 7,391 - 6,246 U.S. Treasury, general account 5,718 + 399 + 873 Foreign official 83 0 + 5 Other (0) 240 - 18 - 12 Deferred availability cash items (1,069) 6,894 - 34 + 1,056 Other liabilities and accrued dividends7 3,745 - 6 + 1,060 Total liabilities (1,069) 788,233 - 10,628 + 25,307 Capital accounts Capital paid in 13,302 + 5 + 2,801 Surplus 11,630 0 + 2,783 Other capital accounts 2,102 - 27 + 985 Total capital 27,034 - 22 + 6,568 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 21, 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 303 58,604 + 6,158 0 0 20,250 23,991 16 days to 90 days 27 155,983 - 6,253 0 0 0 0 91 days to 1 year 0 174,748 + 191 0 0 . . . . . . Over 1 year to 5 years . . . 214,351 + 10 0 0 . . . . . . Over 5 years to 10 years . . . 52,588 + 5 0 0 . . . . . . Over 10 years . . . 77,115 + 11 0 0 . . . . . . All 330 733,388 + 120 0 0 20,250 23,991 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 21, 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 7 0 0 1 7 5 0 3 7 5 4 5 9 1 0 2 9 2 3 9 1 9 6 0 7 2 99 Securities, repurchase agreements, and loans 753,9 6 8 37,5 2 2 311,0 6 4 26,0 1 9 30,9 8 2 55,9 7 0 56,7 4 9 66,1 3 9 22,8 1 9 15,4 2 0 20,7 9 3 36,1 2 8 74,365 Securities held outright 733,3 8 8 37,5 2 2 290,8 1 4 26,0 1 7 30,9 8 2 55,9 7 0 56,7 3 9 66,0 4 5 22,7 5 8 15,3 1 7 20,7 4 3 36,1 2 0 74,361 U.S. Treasury1 733,3 8 8 37,5 2 2 290,8 1 4 26,0 1 7 30,9 8 2 55,9 7 0 56,7 3 9 66,0 4 5 22,7 5 8 15,3 1 7 20,7 4 3 36,1 2 0 74,361 Bills2 267,9 2 2 13,7 0 8 106,2 4 0 9,5 0 4 11,3 1 8 20,4 4 7 20,7 2 8 24,1 2 8 8,3 1 4 5,5 9 6 7,5 7 8 13,1 9 6 27,166 Notes and bonds3 465,4 6 6 23,8 1 5 184,5 7 3 16,5 1 2 19,6 6 4 35,5 2 3 36,0 1 1 41,9 1 7 14,4 4 4 9,7 2 2 13,1 6 5 22,9 2 5 47,195 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 20,2 5 0 0 20,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 3 0 0 0 2 0 0 1 0 9 3 6 1 1 0 3 5 0 7 4 Items in process of collection 8,9 9 7 5 5 7 4 7 6 3 8 1 8 1 9 4 3 9 1,4 6 6 2 6 5 3 9 9 3 4 7 1,1 0 9 1,3 0 0 1,440 Bank premises 1,8 3 9 1 0 9 2 0 5 5 4 1 5 7 1 4 4 2 7 3 2 0 3 6 8 1 2 0 7 9 2 6 3 165 Other assets5 37,5 9 5 3,2 4 8 14,1 3 0 1,1 8 1 2,6 1 7 4,8 4 8 2,0 6 7 2,5 8 3 8 9 1 7 4 8 6 7 9 9 7 1 3,633 Interdistrict settlement account 0 - 3,1 8 8 -13,6 7 3 + 6,5 4 6 + 5 2 4 + 3,4 4 9 + 3,4 3 5 + 2,6 0 7 + 3 1 1 - 8 5 1 - 1 9 5 - 5,0 0 9 + 6,044 Total assets 816,3 3 6 38,8 9 0 317,4 8 2 34,7 3 3 35,7 0 9 65,8 9 1 65,2 0 2 73,0 2 9 24,9 2 4 16,0 4 5 22,9 0 9 34,3 7 0 87,151 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 21, 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 888,6 3 2 39,4 5 1 331,3 3 8 37,5 3 1 36,2 4 3 68,1 6 2 81,5 6 5 77,9 2 9 26,4 8 7 16,7 9 8 25,8 6 1 47,8 2 6 99,442 Less: notes held by F.R. Banks 156,7 3 8 4,8 9 2 41,8 8 1 6,5 7 3 5,7 3 7 13,5 1 5 23,0 0 0 11,3 1 5 3,6 2 9 2,6 0 9 5,4 4 8 16,6 9 5 21,443 Federal Reserve notes, net 731,8 9 4 34,5 5 9 289,4 5 6 30,9 5 7 30,5 0 6 54,6 4 6 58,5 6 5 66,6 1 4 22,8 5 8 14,1 8 9 20,4 1 4 31,1 3 1 77,999 Reverse repurchase agreements1 23,9 9 1 1,2 2 7 9,5 1 3 8 5 1 1,0 1 4 1,8 3 1 1,8 5 6 2,1 6 1 7 4 4 5 0 1 6 7 9 1,1 8 2 2,433 Deposits 21,7 0 9 6 9 5 8,9 6 6 1,1 6 5 9 9 2 1,6 5 1 1,8 2 5 1,6 7 0 5 8 2 3 1 5 6 3 6 8 2 0 2,389 Depository institutions 15,6 6 7 6 8 7 3,0 2 3 1,1 6 4 9 8 6 1,5 8 2 1,8 1 8 1,6 6 7 5 8 0 3 1 5 6 3 4 8 1 9 2,390 U.S. Treasury, general account 5,7 1 8 0 5,7 1 8 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 4 0 3 1 7 0 0 2 6 2 5 0 1 0 1 0 -5 Deferred availability cash items 7,9 6 3 6 7 6 7 8 5 3 8 4 9 0 8 5 5 3 8 6 5 4 7 4 2 0 2 4 2 9 7 1 1 7 2 3 1,252 Other liabilities and accrued dividends2 3,7 4 5 1 9 6 1,2 7 4 1 5 0 1 9 0 3 7 1 3 0 9 3 5 2 1 4 0 1 0 7 1 2 0 1 9 4 343 Total liabilities 789,3 0 2 37,3 5 4 309,9 9 5 33,5 0 8 33,6 0 9 59,0 5 2 63,4 2 0 71,2 7 1 24,5 2 6 15,5 4 2 22,5 5 9 34,0 5 0 84,417 Capital Capital paid in 13,3 0 2 1 7 3 3,6 5 5 7 4 2 1,0 2 6 3,9 2 2 8 6 9 8 6 3 1 4 0 2 4 3 1 7 0 1 5 0 1,350 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 0 2 1 0 4 0 3 1 8 9 1 0 7 6 9 3 9 7 1 3 2 2 2 6 2 7 3 6 101 Total liabilities and capital 816,3 3 6 38,8 9 0 317,4 8 2 34,7 3 3 35,7 0 9 65,8 9 1 65,2 0 2 73,0 2 9 24,9 2 4 16,0 4 5 22,9 0 9 34,3 7 0 87,151 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 21, 2005 Federal Reserve notes outstanding 888,632 Less: Notes held by F.R. Banks not subject to collateralization 156,738 Federal Reserve notes to be collateralized 731,894 Collateral held against Federal Reserve notes 731,894 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 718,657 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 753,638 Less: face value of securities under reverse repurchase agreements 24,011 U.S. Treasury and agency securities eligible to be pledged 729,627 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.