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 13, 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 12, 2005 Oct 5, 2005 Oct 13, 2004 Oct 12, 2005 Reserve Bank credit 801,371 + 1,191 + 32,599 803,736 Securities held outright 737,660 + 1,121 + 36,058 737,672 U.S. Treasury1 737,660 + 1,121 + 36,058 737,672 Bills2 269,828 + 67 + 10,964 269,832 Notes and bonds, nominal2 444,890 + 1,022 + 19,551 444,890 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 2,958 + 31 + 821 2,966 Federal agency2 0 0 0 0 Repurchase agreements4 22,143 - 1,786 - 4,928 20,250 Loans to depository institutions 269 - 291 + 76 260 Primary credit 9 - 99 + 4 17 Secondary credit 0 - 152 0 0 Seasonal credit 260 - 40 + 72 242 Float 1,725 + 1,641 + 1,864 5,851 Other Federal Reserve assets 39,574 + 505 - 470 39,703 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 + 213 36,513 Total factors supplying reserve funds 851,126 + 1,206 + 32,811 853,490 Currency in circulation5 771,227 + 3,783 + 28,651 771,642 Reverse repurchase agreements6 26,101 - 171 + 1,218 26,281 Foreign official and international accounts 26,101 - 171 + 1,218 26,281 Dealers 0 0 0 0 Treasury cash holdings 221 - 13 - 74 218 Deposits with F.R. Banks, other than reserve balances 14,030 - 97 - 1,758 14,504 U.S. Treasury, general account 4,787 - 70 + 105 5,265 Foreign official 85 - 14 - 2 78 Service-related 8,863 - 1 - 1,858 8,863 Required clearing balances 8,863 - 1 - 1,858 8,863 Adjustments to compensate for float 0 0 0 0 Other 296 - 11 - 2 297 Other liabilities and capital 31,563 + 509 + 7,913 31,299 Total factors, other than reserve balances, absorbing reserve funds 843,142 + 4,011 + 35,950 843,944 Reserve balances with Federal Reserve Banks 7,984 - 2,805 - 3,139 9,546 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,467,060 + 3,293 + 178,870 1,469,085 U.S. Treasury 1,086,494 + 3,498 + 42,223 1,089,347 Federal agency 380,566 - 206 + 136,647 379,738 Securities lent to dealers 3,873 - 1,834 + 3,040 2,958 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 12, 2005 Oct 5, 2005 Oct 13, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 709 - 3 - 39 Securities, repurchase agreements, and loans 758,182 + 1,547 + 26,129 Securities held outright 737,672 + 80 + 36,055 U.S. Treasury1 737,672 + 80 + 36,055 Bills2 269,832 + 53 + 10,954 Notes and bonds, nominal2 444,890 0 + 19,551 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 2,966 + 26 + 828 Federal agency2 0 0 0 Repurchase agreements4 20,250 + 1,500 - 10,000 Loans 260 - 33 + 74 Items in process of collection (2,683) 16,906 + 7,148 + 6,306 Bank premises 1,839 - 1 + 107 Other assets5 37,875 + 494 - 564 Total assets (2,683) 828,749 + 9,185 + 31,938 Liabilities Federal Reserve notes, net of F.R. Bank holdings 736,051 + 2,219 + 27,905 Reverse repurchase agreements6 26,281 + 343 + 1,296 Deposits (0) 24,057 + 3,284 - 7,235 Depository institutions 18,416 + 2,885 - 7,031 U.S. Treasury, general account 5,265 + 479 - 201 Foreign official 78 - 71 - 8 Other (0) 297 - 10 + 5 Deferred availability cash items (2,683) 11,060 + 3,072 + 2,151 Other liabilities and accrued dividends7 3,952 + 99 + 1,047 Total liabilities (2,683) 801,402 + 9,018 + 25,165 Capital accounts Capital paid in 13,429 + 3 + 2,918 Surplus 11,630 0 + 2,783 Other capital accounts 2,288 + 164 + 1,071 Total capital 27,347 + 167 + 6,773 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 12, 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 42 51,118 - 13 0 0 20,250 26,281 16 days to 90 days 217 164,047 - 474 0 0 0 0 91 days to 1 year 0 177,494 + 541 0 0 . . . . . . Over 1 year to 5 years . . . 215,264 + 10 0 0 . . . . . . Over 5 years to 10 years . . . 52,601 + 4 0 0 . . . . . . Over 10 years . . . 77,148 + 12 0 0 . . . . . . All 260 737,672 + 80 0 0 20,250 26,281 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 12, 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 9 2 6 5 3 4 1 5 7 5 8 9 2 8 7 3 6 1 8 5 9 7 3 106 Securities, repurchase agreements, and loans 758,1 8 2 37,7 4 2 312,7 6 3 26,1 7 2 31,1 6 3 56,2 9 7 57,0 7 7 66,5 0 7 22,9 4 7 15,4 6 7 20,9 0 6 36,3 3 4 74,809 Securities held outright 737,6 7 2 37,7 4 2 292,5 1 3 26,1 6 9 31,1 6 3 56,2 9 7 57,0 7 0 66,4 3 1 22,8 9 1 15,4 0 7 20,8 6 4 36,3 3 1 74,795 U.S. Treasury1 737,6 7 2 37,7 4 2 292,5 1 3 26,1 6 9 31,1 6 3 56,2 9 7 57,0 7 0 66,4 3 1 22,8 9 1 15,4 0 7 20,8 6 4 36,3 3 1 74,795 Bills2 269,8 3 2 13,8 0 5 106,9 9 8 9,5 7 2 11,3 9 9 20,5 9 3 20,8 7 6 24,3 0 0 8,3 7 3 5,6 3 6 7,6 3 2 13,2 9 0 27,359 Notes and bonds3 467,8 4 0 23,9 3 6 185,5 1 5 16,5 9 6 19,7 6 4 35,7 0 4 36,1 9 5 42,1 3 1 14,5 1 7 9,7 7 1 13,2 3 2 23,0 4 2 47,436 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 2 6 0 0 0 3 0 0 6 7 6 5 6 6 0 4 2 2 14 Items in process of collection 19,5 8 9 1,0 5 8 9 0 5 1,0 2 8 3,0 7 6 9 5 2 5,0 7 5 1,0 3 1 5 7 4 5 8 1 1,7 7 7 1,0 6 6 2,466 Bank premises 1,8 3 9 1 0 9 2 0 4 5 4 1 5 7 1 4 3 2 7 2 2 0 9 6 7 1 2 0 7 9 2 6 2 164 Other assets5 37,8 7 5 3,2 4 2 14,3 3 5 1,0 4 9 2,4 6 6 4,8 4 5 2,1 4 8 2,6 3 4 9 1 4 7 5 9 7 0 0 1,1 0 9 3,675 Interdistrict settlement account 0 - 2,9 8 3 -14,6 5 4 + 6,9 1 3 + 4 0 1 + 4,3 1 0 + 1,3 7 8 + 2,3 7 8 - 1 - 6 6 8 - 3 0 0 - 5,0 7 5 + 8,300 Total assets 831,4 3 1 39,8 1 8 318,8 3 5 35,7 7 1 37,8 7 7 67,5 8 8 67,1 5 3 73,9 8 7 24,9 3 6 16,5 2 0 23,6 0 5 34,4 1 6 90,927 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 12, 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 890,2 7 1 39,3 4 0 330,8 3 6 37,5 5 2 36,2 5 2 68,3 9 4 81,2 3 4 77,6 1 9 26,4 7 8 16,9 1 5 26,0 9 9 47,6 4 2 101,908 Less: notes held by F.R. Banks 154,2 1 9 4,7 1 8 42,3 0 1 6,2 0 2 5,5 3 6 12,7 5 2 22,7 9 8 11,1 1 4 3,6 4 5 2,6 3 8 5,1 6 4 16,6 2 8 20,724 Federal Reserve notes, net 736,0 5 1 34,6 2 2 288,5 3 6 31,3 5 1 30,7 1 6 55,6 4 3 58,4 3 6 66,5 0 5 22,8 3 3 14,2 7 7 20,9 3 5 31,0 1 4 81,185 Reverse repurchase agreements1 26,2 8 1 1,3 4 5 10,4 2 1 9 3 2 1,1 1 0 2,0 0 6 2,0 3 3 2,3 6 7 8 1 6 5 4 9 7 4 3 1,2 9 4 2,665 Deposits 24,0 5 7 8 2 1 9,7 6 6 1,0 6 1 1,1 3 3 1,7 5 1 3,1 7 3 2,1 2 7 4 2 3 3 7 4 5 4 9 7 1 9 2,161 Depository institutions 18,4 1 6 8 1 5 4,2 9 2 1,0 6 0 1,1 2 7 1,6 1 4 3,1 7 1 2,1 2 2 4 2 0 3 7 3 5 4 7 7 1 8 2,156 U.S. Treasury, general account 5,2 6 5 0 5,2 6 5 0 0 0 0 0 0 0 0 0 0 Foreign official 7 8 5 5 0 1 4 7 2 3 1 1 1 0 4 Other 2 9 7 2 1 5 9 0 1 1 2 9 0 2 2 0 1 1 0 Deferred availability cash items 13,7 4 3 1,1 2 6 1,2 2 9 9 7 8 2,5 9 5 9 1 3 1,4 0 3 8 5 4 3 2 2 7 0 1 8 9 7 8 6 5 1,861 Other liabilities and accrued dividends2 3,9 5 2 2 0 5 1,3 3 9 1 8 4 2 0 0 4 0 5 3 1 9 3 6 3 1 4 3 1 1 2 1 2 5 1 9 7 361 Total liabilities 804,0 8 5 38,1 1 8 311,2 9 1 34,5 0 6 35,7 5 4 60,7 1 7 65,3 6 3 72,2 1 5 24,5 3 7 16,0 1 3 23,2 4 9 34,0 8 9 88,232 Capital Capital paid in 13,4 2 9 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 9 1,322 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 2,2 8 8 3 0 4 5 8 2 2 7 3 2 7 9 6 4 0 4 1 4 4 2 3 9 3 2 4 3 90 Total liabilities and capital 831,4 3 1 39,8 1 8 318,8 3 5 35,7 7 1 37,8 7 7 67,5 8 8 67,1 5 3 73,9 8 7 24,9 3 6 16,5 2 0 23,6 0 5 34,4 1 6 90,927 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 12, 2005 Federal Reserve notes outstanding 890,271 Less: Notes held by F.R. Banks not subject to collateralization 154,219 Federal Reserve notes to be collateralized 736,051 Collateral held against Federal Reserve notes 736,051 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 722,814 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 757,922 Less: face value of securities under reverse repurchase agreements 26,307 U.S. Treasury and agency securities eligible to be pledged 731,615 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.