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 October 6, 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 Oct 5, 2005 Sep 28, 2005 Oct 6, 2004 Oct 5, 2005 Reserve Bank credit 800,180 - 399 + 35,276 797,598 Securities held outright 736,539 + 812 + 35,848 737,592 U.S. Treasury1 736,539 + 812 + 35,848 737,592 Bills2 269,761 + 462 + 10,951 269,779 Notes and bonds, nominal2 443,868 + 328 + 19,385 444,890 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 2,927 + 22 + 792 2,940 Federal agency2 0 0 0 0 Repurchase agreements4 23,929 - 928 - 535 18,750 Loans to depository institutions 560 + 210 + 359 293 Primary credit 108 + 96 + 106 17 Secondary credit 152 + 152 + 152 0 Seasonal credit 300 - 39 + 101 276 Float 84 - 267 + 96 1,771 Other Federal Reserve assets 39,069 - 225 - 491 39,193 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,499 + 14 + 220 36,499 Total factors supplying reserve funds 849,920 - 385 + 35,494 847,339 Currency in circulation5 767,444 + 769 + 28,877 769,402 Reverse repurchase agreements6 26,272 + 1,504 + 1,384 25,938 Foreign official and international accounts 26,272 + 1,504 + 1,384 25,938 Dealers 0 0 0 0 Treasury cash holdings 234 - 18 - 57 221 Deposits with F.R. Banks, other than reserve balances 14,127 + 191 - 2,351 14,107 U.S. Treasury, general account 4,857 - 509 - 477 4,786 Foreign official 99 + 15 - 2 149 Service-related 8,865 + 628 - 1,853 8,865 Required clearing balances 8,865 + 628 - 1,853 8,865 Adjustments to compensate for float 0 0 0 0 Other 307 + 58 - 18 307 Other liabilities and capital 31,054 - 8 + 7,606 31,033 Total factors, other than reserve balances, absorbing reserve funds 839,131 + 2,438 + 35,458 840,700 Reserve balances with Federal Reserve Banks 10,789 - 2,823 + 36 6,638 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,463,767 - 198 + 171,670 1,467,295 U.S. Treasury 1,082,996 - 3,637 + 33,592 1,086,252 Federal agency 380,772 + 3,440 + 138,078 381,043 Securities lent to dealers 5,707 + 2,093 + 4,110 6,433 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 Oct 5, 2005 Sep 28, 2005 Oct 6, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 712 + 4 - 52 Securities, repurchase agreements, and loans 756,635 - 10,050 + 33,853 Securities held outright 737,592 + 1,510 + 36,006 U.S. Treasury1 737,592 + 1,510 + 36,006 Bills2 269,779 + 292 + 10,930 Notes and bonds, nominal2 444,890 + 1,193 + 19,551 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 2,940 + 26 + 804 Federal agency2 0 0 0 Repurchase agreements4 18,750 - 11,500 - 2,250 Loans 293 - 60 + 97 Items in process of collection (1,090) 9,758 + 3,565 + 3,149 Bank premises 1,840 + 2 + 110 Other assets5 37,381 - 116 - 589 Total assets (1,090) 819,564 - 6,595 + 36,471 Liabilities Federal Reserve notes, net of F.R. Bank holdings 733,832 + 1,262 + 28,237 Reverse repurchase agreements6 25,938 + 2,127 + 1,202 Deposits (0) 20,773 - 11,834 - 1,679 Depository institutions 15,531 - 12,271 - 931 U.S. Treasury, general account 4,786 + 307 - 790 Foreign official 149 + 66 + 69 Other (0) 307 + 64 - 27 Deferred availability cash items (1,090) 7,988 + 1,536 + 835 Other liabilities and accrued dividends7 3,853 + 24 + 1,061 Total liabilities (1,090) 792,384 - 6,885 + 29,656 Capital accounts Capital paid in 13,426 + 120 + 2,918 Surplus 11,630 + 7 + 2,783 Other capital accounts 2,124 + 163 + 1,113 Total capital 27,180 + 290 + 6,814 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, October 5, 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 47 51,131 - 7,357 0 0 18,750 25,938 16 days to 90 days 246 164,521 + 8,698 0 0 0 0 91 days to 1 year 0 176,953 + 364 0 0 . . . . . . Over 1 year to 5 years . . . 215,254 - 211 0 0 . . . . . . Over 5 years to 10 years . . . 52,597 + 5 0 0 . . . . . . Over 10 years . . . 77,136 + 11 0 0 . . . . . . All 293 737,592 + 1,510 0 0 18,750 25,938 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 October 5, 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 1 2 2 3 5 3 4 1 5 6 6 0 9 3 9 2 3 6 1 7 5 9 7 4 108 Securities, repurchase agreements, and loans 756,6 3 5 37,7 3 7 311,2 3 1 26,1 6 6 31,1 6 0 56,2 9 5 57,0 7 1 66,5 0 9 22,9 5 3 15,4 7 2 20,9 1 0 36,3 3 1 74,799 Securities held outright 737,5 9 2 37,7 3 7 292,4 8 1 26,1 6 6 31,1 6 0 56,2 9 1 57,0 6 4 66,4 2 4 22,8 8 8 15,4 0 5 20,8 6 2 36,3 2 8 74,787 U.S. Treasury1 737,5 9 2 37,7 3 7 292,4 8 1 26,1 6 6 31,1 6 0 56,2 9 1 57,0 6 4 66,4 2 4 22,8 8 8 15,4 0 5 20,8 6 2 36,3 2 8 74,787 Bills2 269,7 7 9 13,8 0 3 106,9 7 7 9,5 7 0 11,3 9 7 20,5 8 9 20,8 7 2 24,2 9 5 8,3 7 1 5,6 3 5 7,6 3 0 13,2 8 7 27,354 Notes and bonds3 467,8 1 3 23,9 3 5 185,5 0 4 16,5 9 5 19,7 6 3 35,7 0 2 36,1 9 3 42,1 2 9 14,5 1 7 9,7 7 1 13,2 3 2 23,0 4 1 47,433 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 18,7 5 0 0 18,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 9 3 0 0 0 0 5 7 8 6 6 5 6 7 4 8 4 12 Items in process of collection 10,8 4 8 6 2 2 4 1 6 5 4 2 7 8 2 4 9 8 3,1 7 3 3 7 0 3 0 8 4 2 2 1,0 3 7 8 1 6 1,861 Bank premises 1,8 4 0 1 0 9 2 0 4 5 3 1 5 7 1 4 3 2 7 2 2 1 0 6 7 1 2 0 7 9 2 6 2 164 Other assets5 37,3 8 1 3,2 2 3 14,1 8 7 1,0 3 5 2,4 4 8 4,8 1 2 2,1 0 8 2,6 0 0 8 9 5 7 4 9 6 8 6 9 8 9 3,649 Interdistrict settlement account 0 - 3,1 9 9 -13,7 4 1 + 6,6 2 8 + 1 2 5 + 4,2 4 4 + 1,3 4 3 + 1,8 4 7 + 1 4 8 - 7 4 4 + 8 0 - 4,5 3 1 + 7,801 Total assets 820,6 5 4 39,1 4 0 317,5 7 9 34,9 8 0 35,2 8 5 67,0 3 6 65,1 7 2 72,7 6 7 24,8 0 6 16,2 7 9 23,2 3 4 34,5 8 8 89,788 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 October 5, 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 890,5 0 5 39,3 8 3 330,8 4 3 37,6 3 1 36,2 7 8 68,4 5 2 81,3 6 5 77,7 0 9 26,4 8 8 16,8 8 7 26,1 3 2 47,6 5 7 101,679 Less: notes held by F.R. Banks 156,6 7 3 4,9 3 3 42,7 8 5 6,4 3 2 5,7 1 1 13,1 1 2 23,1 9 2 11,1 9 0 3,6 6 6 2,6 5 1 5,3 7 4 16,4 6 6 21,162 Federal Reserve notes, net 733,8 3 2 34,4 5 0 288,0 5 8 31,1 9 9 30,5 6 7 55,3 4 1 58,1 7 3 66,5 2 0 22,8 2 2 14,2 3 6 20,7 5 7 31,1 9 2 80,517 Reverse repurchase agreements1 25,9 3 8 1,3 2 7 10,2 8 5 9 2 0 1,0 9 6 1,9 7 9 2,0 0 7 2,3 3 6 8 0 5 5 4 2 7 3 4 1,2 7 7 2,630 Deposits 20,7 7 3 7 0 6 9,5 7 0 7 3 5 6 2 8 1,8 1 9 1,7 6 0 1,3 5 6 4 4 6 3 4 3 5 1 6 7 2 8 2,166 Depository institutions 15,5 3 1 6 9 5 4,5 0 1 7 3 4 6 2 4 1,6 8 0 1,7 5 8 1,3 5 3 4 4 2 3 4 2 5 1 4 7 2 7 2,161 U.S. Treasury, general account 4,7 8 6 0 4,7 8 6 0 0 0 0 0 0 0 0 0 0 Foreign official 1 4 9 5 1 2 1 1 4 7 2 3 1 1 1 0 4 Other 3 0 7 6 1 6 2 0 0 1 3 2 0 0 3 0 1 1 0 Deferred availability cash items 9,0 7 8 7 7 6 8 3 9 7 3 0 6 9 8 6 6 8 1,1 3 9 4 3 0 2 0 2 5 4 6 7 5 5 8 8 1 1,413 Other liabilities and accrued dividends2 3,8 5 3 2 0 4 1,3 1 8 1 4 8 1 9 7 3 9 5 3 1 1 3 5 9 1 4 2 1 0 7 1 2 3 1 9 6 353 Total liabilities 793,4 7 4 37,4 6 4 310,0 7 1 33,7 3 3 33,1 8 5 60,2 0 2 63,3 9 0 71,0 0 1 24,4 1 7 15,7 7 4 22,8 8 5 34,2 7 4 87,079 Capital Capital paid in 13,4 2 6 3 1 6 3,6 5 7 7 4 4 1,0 2 6 3,9 2 6 8 6 9 8 6 4 1 4 0 2 4 3 1 7 0 1 4 8 1,321 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 4 7 4 2 1 2 0 9 1 0 7 5 9 3 9 7 1 3 9 1 3 7 2 6 3 0 106 Total liabilities and capital 820,6 5 4 39,1 4 0 317,5 7 9 34,9 8 0 35,2 8 5 67,0 3 6 65,1 7 2 72,7 6 7 24,8 0 6 16,2 7 9 23,2 3 4 34,5 8 8 89,788 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 Oct 5, 2005 Federal Reserve notes outstanding 890,505 Less: Notes held by F.R. Banks not subject to collateralization 156,673 Federal Reserve notes to be collateralized 733,832 Collateral held against Federal Reserve notes 733,832 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 720,595 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 756,342 Less: face value of securities under reverse repurchase agreements 25,962 U.S. Treasury and agency securities eligible to be pledged 730,380 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.