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 29, 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 28, 2005 Sep 21, 2005 Sep 29, 2004 Sep 28, 2005 Reserve Bank credit 800,582 + 168 + 34,769 805,401 Securities held outright 735,727 + 2,364 + 37,125 736,082 U.S. Treasury1 735,727 + 2,364 + 37,125 736,082 Bills2 269,299 + 1,393 + 12,237 269,487 Notes and bonds, nominal2 443,540 + 947 + 19,399 443,697 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 2,905 + 25 + 768 2,914 Federal agency2 0 0 0 0 Repurchase agreements4 24,857 - 2,757 - 2,714 30,250 Loans to depository institutions 350 + 28 + 96 353 Primary credit 12 + 11 + 3 17 Secondary credit 0 0 0 0 Seasonal credit 339 + 18 + 94 336 Float 354 + 351 + 237 -613 Other Federal Reserve assets 39,294 + 181 + 25 39,328 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,485 + 14 + 220 36,485 Total factors supplying reserve funds 850,308 + 182 + 34,986 855,127 Currency in circulation5 766,675 - 445 + 29,835 768,115 Reverse repurchase agreements6 24,768 + 233 + 477 23,811 Foreign official and international accounts 24,768 + 233 + 477 23,811 Dealers 0 0 0 0 Treasury cash holdings 252 0 - 47 237 Deposits with F.R. Banks, other than reserve balances 13,936 - 943 - 1,702 13,042 U.S. Treasury, general account 5,366 - 953 + 248 4,479 Foreign official 84 + 2 - 26 83 Service-related 8,237 - 1 - 1,926 8,237 Required clearing balances 8,237 - 1 - 1,926 8,237 Adjustments to compensate for float 0 0 0 0 Other 249 + 9 + 2 243 Other liabilities and capital 31,062 + 81 + 7,668 30,719 Total factors, other than reserve balances, absorbing reserve funds 836,693 - 1,074 + 36,231 835,923 Reserve balances with Federal Reserve Banks 13,614 + 1,255 - 1,245 19,204 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,463,965 + 7,625 + 172,385 1,466,811 U.S. Treasury 1,086,633 + 4,541 + 38,994 1,087,464 Federal agency 377,332 + 3,084 + 133,391 379,347 Securities lent to dealers 3,614 - 1,922 + 2,128 5,930 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 28, 2005 Sep 21, 2005 Sep 29, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 708 + 8 - 69 Securities, repurchase agreements, and loans 766,685 + 12,717 + 38,317 Securities held outright 736,082 + 2,694 + 37,465 U.S. Treasury1 736,082 + 2,694 + 37,465 Bills2 269,487 + 1,565 + 12,408 Notes and bonds, nominal2 443,697 + 1,104 + 19,556 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 2,914 + 25 + 779 Federal agency2 0 0 0 Repurchase agreements4 30,250 + 10,000 + 750 Loans 353 + 23 + 102 Items in process of collection (979) 6,193 - 1,735 + 591 Bank premises 1,838 - 1 + 107 Other assets5 37,497 - 98 - 390 Total assets (979) 826,159 + 10,893 + 38,554 Liabilities Federal Reserve notes, net of F.R. Bank holdings 732,570 + 676 + 29,119 Reverse repurchase agreements6 23,811 - 180 - 526 Deposits (0) 32,607 + 10,898 + 1,903 Depository institutions 27,802 + 12,135 + 2,859 U.S. Treasury, general account 4,479 - 1,239 - 957 Foreign official 83 0 + 2 Other (0) 243 + 3 - 2 Deferred availability cash items (979) 6,452 - 442 + 514 Other liabilities and accrued dividends7 3,829 + 84 + 1,070 Total liabilities (979) 799,269 + 11,036 + 32,081 Capital accounts Capital paid in 13,306 + 4 + 2,804 Surplus 11,623 - 7 + 2,776 Other capital accounts 1,961 - 141 + 893 Total capital 26,890 - 144 + 6,474 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 28, 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 329 58,488 - 116 0 0 30,250 23,811 16 days to 90 days 25 155,823 - 160 0 0 0 0 91 days to 1 year 0 176,589 + 1,841 0 0 . . . . . . Over 1 year to 5 years . . . 215,465 + 1,114 0 0 . . . . . . Over 5 years to 10 years . . . 52,592 + 4 0 0 . . . . . . Over 10 years . . . 77,125 + 10 0 0 . . . . . . All 353 736,082 + 2,694 0 0 30,250 23,811 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 28, 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 8 1 8 5 5 3 9 5 5 6 2 9 9 9 1 3 8 1 7 5 9 7 1 104 Securities, repurchase agreements, and loans 766,6 8 5 37,6 6 0 322,1 3 2 26,1 1 6 31,0 9 6 56,1 7 5 56,9 6 1 66,3 8 4 22,9 1 7 15,4 7 5 20,8 7 1 36,2 5 9 74,639 Securities held outright 736,0 8 2 37,6 6 0 291,8 8 2 26,1 1 2 31,0 9 6 56,1 7 5 56,9 4 7 66,2 8 8 22,8 4 1 15,3 7 4 20,8 1 9 36,2 5 3 74,634 U.S. Treasury1 736,0 8 2 37,6 6 0 291,8 8 2 26,1 1 2 31,0 9 6 56,1 7 5 56,9 4 7 66,2 8 8 22,8 4 1 15,3 7 4 20,8 1 9 36,2 5 3 74,634 Bills2 269,4 8 7 13,7 8 8 106,8 6 1 9,5 6 0 11,3 8 5 20,5 6 6 20,8 4 9 24,2 6 9 8,3 6 2 5,6 2 8 7,6 2 2 13,2 7 3 27,324 Notes and bonds3 466,5 9 5 23,8 7 2 185,0 2 1 16,5 5 2 19,7 1 1 35,6 0 9 36,0 9 8 42,0 1 9 14,4 7 9 9,7 4 5 13,1 9 7 22,9 8 0 47,310 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,2 5 0 0 30,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 5 3 0 0 4 0 0 1 4 9 6 7 6 1 0 1 5 1 6 5 Items in process of collection 7,1 7 2 3 9 5 4 3 7 3 1 5 3 8 6 3 8 2 1,7 4 4 2 8 6 2 6 6 2 5 5 7 8 5 5 1 0 1,411 Bank premises 1,8 3 8 1 0 9 2 0 5 5 4 1 5 7 1 4 3 2 7 3 2 0 3 6 8 1 2 0 7 9 2 6 3 165 Other assets5 37,4 9 7 3,2 3 2 14,1 8 2 1,1 8 6 2,4 5 0 4,8 0 9 2,0 8 8 2,5 9 9 8 9 5 7 5 0 6 8 6 9 8 7 3,634 Interdistrict settlement account 0 - 3,1 6 7 -16,0 0 9 + 6,5 0 1 + 7 2 6 + 4,0 0 7 + 3,1 2 7 + 2,0 7 0 + 1 8 3 - 9 2 9 + 4 1 - 3,9 5 1 + 7,401 Total assets 827,1 3 8 38,8 7 2 326,2 3 1 34,7 2 5 35,4 2 7 66,5 6 2 65,4 0 4 72,7 7 3 24,7 6 5 15,9 3 0 22,9 0 4 34,7 8 6 88,759 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 28, 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 890,0 2 9 39,4 4 7 331,0 4 7 37,5 3 8 36,3 0 0 68,3 9 9 81,5 8 8 77,8 1 8 26,4 7 3 16,7 7 4 25,9 5 2 47,7 1 8 100,975 Less: notes held by F.R. Banks 157,4 5 8 4,9 9 9 42,4 1 8 6,5 2 4 5,8 0 0 13,3 2 2 23,5 3 1 11,4 5 4 3,6 3 8 2,6 9 6 5,4 7 8 16,0 1 3 21,584 Federal Reserve notes, net 732,5 7 0 34,4 4 7 288,6 2 8 31,0 1 4 30,5 0 0 55,0 7 6 58,0 5 8 66,3 6 4 22,8 3 5 14,0 7 8 20,4 7 3 31,7 0 5 79,391 Reverse repurchase agreements1 23,8 1 1 1,2 1 8 9,4 4 2 8 4 5 1,0 0 6 1,8 1 7 1,8 4 2 2,1 4 4 7 3 9 4 9 7 6 7 3 1,1 7 3 2,414 Deposits 32,6 0 7 8 3 9 18,7 3 2 9 4 0 1,0 8 2 1,8 9 4 2,4 8 9 1,7 2 7 4 5 4 2 9 9 6 5 1 7 8 8 2,712 Depository institutions 27,8 0 2 8 3 2 14,0 5 0 9 3 8 1,0 7 7 1,8 1 0 2,4 8 7 1,7 2 4 4 5 2 2 9 8 6 4 9 7 7 8 2,707 U.S. Treasury, general account 4,4 7 9 0 4,4 7 9 0 0 0 0 0 0 0 0 0 0 Foreign official 8 3 5 5 4 1 4 7 2 3 1 1 1 0 4 Other 2 4 3 2 1 4 9 0 2 7 7 0 0 1 0 1 1 0 0 Deferred availability cash items 7,4 3 1 6 4 7 6 8 7 5 4 0 5 5 3 5 6 6 9 2 9 4 2 9 2 1 9 4 4 8 6 3 5 6 0 8 1,171 Other liabilities and accrued dividends2 3,8 2 9 2 0 1 1,2 9 9 1 5 4 1 9 4 3 9 7 3 1 3 3 5 2 1 4 2 1 0 9 1 2 3 1 9 3 353 Total liabilities 800,2 4 8 37,3 5 3 318,7 8 8 33,4 9 2 33,3 3 5 59,7 5 1 63,6 3 0 71,0 1 7 24,3 8 8 15,4 3 0 22,5 5 7 34,4 6 7 86,041 Capital Capital paid in 13,3 0 6 1 7 3 3,6 5 6 7 4 2 1,0 2 6 3,9 2 3 8 6 9 8 6 4 1 4 0 2 4 3 1 7 0 1 4 8 1,352 Surplus 11,6 2 3 1,3 4 6 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 1 0 3 5 8 1 9 8 2 7 4 0 3 8 9 1 2 9 1 2 2 4 3 5 83 Total liabilities and capital 827,1 3 8 38,8 7 2 326,2 3 1 34,7 2 5 35,4 2 7 66,5 6 2 65,4 0 4 72,7 7 3 24,7 6 5 15,9 3 0 22,9 0 4 34,7 8 6 88,759 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 28, 2005 Federal Reserve notes outstanding 890,029 Less: Notes held by F.R. Banks not subject to collateralization 157,458 Federal Reserve notes to be collateralized 732,570 Collateral held against Federal Reserve notes 732,570 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 719,334 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 766,332 Less: face value of securities under reverse repurchase agreements 23,829 U.S. Treasury and agency securities eligible to be pledged 742,503 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.