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 20, 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 19, 2005 Oct 12, 2005 Oct 20, 2004 Oct 19, 2005 Reserve Bank credit 800,945 - 428 + 30,419 795,857 Securities held outright 737,795 + 135 + 35,134 738,015 U.S. Treasury1 737,795 + 135 + 35,134 738,015 Bills2 269,938 + 110 + 10,870 270,149 Notes and bonds, nominal2 444,890 0 + 18,699 444,890 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 2,983 + 25 + 844 2,993 Federal agency2 0 0 0 0 Repurchase agreements4 21,214 - 929 - 5,750 16,250 Loans to depository institutions 226 - 43 + 53 238 Primary credit 10 + 1 + 5 36 Secondary credit 0 0 0 0 Seasonal credit 215 - 45 + 47 202 Float 1,981 + 255 + 1,596 1,782 Other Federal Reserve assets 39,728 + 154 - 615 39,572 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 + 206 36,527 Total factors supplying reserve funds 850,713 - 414 + 30,622 845,626 Currency in circulation5 769,027 - 2,200 + 27,611 769,263 Reverse repurchase agreements6 26,046 - 55 + 615 25,082 Foreign official and international accounts 26,046 - 55 + 615 25,082 Dealers 0 0 0 0 Treasury cash holdings 219 - 2 - 80 221 Deposits with F.R. Banks, other than reserve balances 13,556 - 474 - 2,574 13,453 U.S. Treasury, general account 4,555 - 232 - 677 4,469 Foreign official 102 + 17 + 3 87 Service-related 8,589 - 274 - 1,901 8,589 Required clearing balances 8,589 - 274 - 1,901 8,589 Adjustments to compensate for float 0 0 0 0 Other 310 + 14 + 2 308 Other liabilities and capital 31,573 + 10 + 7,693 31,186 Total factors, other than reserve balances, absorbing reserve funds 840,421 - 2,721 + 33,264 839,205 Reserve balances with Federal Reserve Banks 10,292 + 2,307 - 2,642 6,421 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,468,314 + 1,254 + 174,072 1,469,657 U.S. Treasury 1,087,656 + 1,162 + 40,033 1,087,669 Federal agency 380,658 + 92 + 134,040 381,988 Securities lent to dealers 3,122 - 751 + 2,749 3,187 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 19, 2005 Oct 12, 2005 Oct 20, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 718 + 9 - 40 Securities, repurchase agreements, and loans 754,503 - 3,679 + 30,261 Securities held outright 738,015 + 343 + 35,202 U.S. Treasury1 738,015 + 343 + 35,202 Bills2 270,149 + 317 + 11,071 Notes and bonds, nominal2 444,890 0 + 18,557 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 2,993 + 27 + 853 Federal agency2 0 0 0 Repurchase agreements4 16,250 - 4,000 - 5,000 Loans 238 - 22 + 59 Items in process of collection (1,183) 8,765 - 8,141 + 1,353 Bank premises 1,841 + 2 + 106 Other assets5 37,681 - 194 - 1,213 Total assets (1,183) 816,745 - 12,004 + 30,466 Liabilities Federal Reserve notes, net of F.R. Bank holdings 733,671 - 2,380 + 26,952 Reverse repurchase agreements6 25,082 - 1,199 - 761 Deposits (0) 19,824 - 4,233 - 3,679 Depository institutions 14,960 - 3,456 - 3,383 U.S. Treasury, general account 4,469 - 796 - 316 Foreign official 87 + 9 + 11 Other (0) 308 + 11 + 9 Deferred availability cash items (1,183) 6,983 - 4,077 + 534 Other liabilities and accrued dividends7 3,937 - 15 + 1,140 Total liabilities (1,183) 789,496 - 11,906 + 24,185 Capital accounts Capital paid in 13,435 + 6 + 2,912 Surplus 11,630 0 + 2,783 Other capital accounts 2,184 - 104 + 586 Total capital 27,249 - 98 + 6,281 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 19, 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 227 57,307 + 6,189 0 0 16,250 25,082 16 days to 90 days 11 157,596 - 6,451 0 0 0 0 91 days to 1 year 0 183,233 + 5,739 0 0 . . . . . . Over 1 year to 5 years . . . 210,114 - 5,150 0 0 . . . . . . Over 5 years to 10 years . . . 52,606 + 5 0 0 . . . . . . Over 10 years . . . 77,159 + 11 0 0 . . . . . . All 238 738,015 + 343 0 0 16,250 25,082 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 19, 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 8 2 9 5 3 4 5 5 5 6 2 9 6 8 4 3 7 2 0 5 6 7 1 110 Securities, repurchase agreements, and loans 754,5 0 3 37,7 5 9 308,9 0 2 26,1 8 2 31,1 7 7 56,3 2 3 57,1 2 6 66,5 2 7 22,9 5 7 15,4 5 7 20,9 1 4 36,3 5 0 74,830 Securities held outright 738,0 1 5 37,7 5 9 292,6 4 9 26,1 8 1 31,1 7 7 56,3 2 3 57,0 9 7 66,4 6 2 22,9 0 1 15,4 1 4 20,8 7 4 36,3 4 8 74,830 U.S. Treasury1 738,0 1 5 37,7 5 9 292,6 4 9 26,1 8 1 31,1 7 7 56,3 2 3 57,0 9 7 66,4 6 2 22,9 0 1 15,4 1 4 20,8 7 4 36,3 4 8 74,830 Bills2 270,1 4 9 13,8 2 2 107,1 2 3 9,5 8 3 11,4 1 2 20,6 1 7 20,9 0 0 24,3 2 8 8,3 8 3 5,6 4 2 7,6 4 1 13,3 0 5 27,391 Notes and bonds3 467,8 6 6 23,9 3 7 185,5 2 5 16,5 9 7 19,7 6 5 35,7 0 6 36,1 9 7 42,1 3 4 14,5 1 8 9,7 7 2 13,2 3 3 23,0 4 3 47,439 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 16,2 5 0 0 16,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 3 8 0 3 2 0 0 2 9 6 5 5 5 4 3 4 0 2 0 Items in process of collection 9,9 4 8 4 7 5 5 7 4 3 7 5 9 4 9 4 4 3 2,5 5 7 4 3 4 2 8 0 3 3 9 1,1 0 5 5 9 8 1,819 Bank premises 1,8 4 1 1 0 9 2 0 4 5 4 1 5 7 1 4 4 2 7 3 2 0 9 6 8 1 2 0 7 9 2 6 2 164 Other assets5 37,6 8 1 3,2 3 3 14,3 2 9 1,0 5 1 2,4 5 9 4,8 3 2 2,1 0 1 2,6 3 0 9 1 5 7 5 8 6 9 7 1,0 1 0 3,666 Interdistrict settlement account 0 - 3,1 9 9 -15,6 3 1 + 7,1 2 6 + 2 1 + 5,0 1 9 + 2,2 5 3 + 1,1 9 7 + 4 4 - 7 4 9 + 1 0 0 - 5,1 0 1 + 8,920 Total assets 817,9 2 9 39,0 3 1 313,6 6 0 35,3 4 7 35,3 7 5 67,8 0 4 65,5 1 6 72,2 2 1 24,6 9 9 16,1 8 7 23,3 3 5 33,8 3 7 90,916 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 19, 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 890,7 1 3 39,1 2 6 330,2 7 4 37,4 9 2 36,2 5 9 68,3 3 9 81,6 9 0 77,2 5 5 26,4 2 2 16,8 5 5 26,0 7 2 47,6 2 1 103,309 Less: notes held by F.R. Banks 157,0 4 2 4,8 1 0 43,4 6 4 6,1 0 2 5,7 9 0 13,0 5 1 22,8 0 4 11,1 7 0 3,6 6 1 2,6 1 5 5,3 5 0 16,9 4 0 21,284 Federal Reserve notes, net 733,6 7 1 34,3 1 6 286,8 1 0 31,3 9 0 30,4 6 9 55,2 8 8 58,8 8 6 66,0 8 5 22,7 6 1 14,2 4 0 20,7 2 2 30,6 8 1 82,024 Reverse repurchase agreements1 25,0 8 2 1,2 8 3 9,9 4 6 8 9 0 1,0 6 0 1,9 1 4 1,9 4 0 2,2 5 9 7 7 8 5 2 4 7 0 9 1,2 3 5 2,543 Deposits 19,8 2 4 8 4 9 7,2 0 1 1,0 6 9 9 3 4 2,7 3 3 1,6 4 4 1,2 4 5 4 5 4 3 3 1 6 4 0 7 3 0 1,994 Depository institutions 14,9 6 0 8 4 1 2,4 9 7 1,0 6 7 9 2 9 2,6 0 3 1,6 4 3 1,2 4 2 4 5 2 3 3 0 6 3 9 7 2 9 1,989 U.S. Treasury, general account 4,4 6 9 0 4,4 6 9 0 0 0 0 0 0 0 0 0 0 Foreign official 8 7 5 5 8 1 4 7 2 3 1 1 1 0 4 Other 3 0 8 3 1 7 7 0 1 1 2 2 0 0 2 0 1 0 1 Deferred availability cash items 8,1 6 6 6 9 5 8 5 1 5 6 1 6 1 2 5 8 5 9 3 7 5 0 3 1 7 4 4 7 7 7 8 8 6 7 3 1,310 Other liabilities and accrued dividends2 3,9 3 7 2 0 7 1,3 4 8 1 5 8 1 9 8 4 0 1 3 2 3 3 6 2 1 4 4 1 1 1 1 2 5 1 9 9 361 Total liabilities 790,6 8 0 37,3 5 1 306,1 5 5 34,0 6 7 33,2 7 2 60,9 2 1 63,7 3 1 70,4 5 3 24,3 1 1 15,6 8 2 22,9 8 5 33,5 1 8 88,232 Capital Capital paid in 13,4 3 5 3 1 6 3,6 6 0 7 4 4 1,0 2 7 3,9 2 6 8 6 9 8 6 5 1 4 1 2 4 3 1 7 0 1 4 9 1,324 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 8 4 1 1 4 1 6 2 4 2 1 1 8 0 9 4 0 0 1 3 9 1 1 7 2 7 3 5 76 Total liabilities and capital 817,9 2 9 39,0 3 1 313,6 6 0 35,3 4 7 35,3 7 5 67,8 0 4 65,5 1 6 72,2 2 1 24,6 9 9 16,1 8 7 23,3 3 5 33,8 3 7 90,916 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 19, 2005 Federal Reserve notes outstanding 890,713 Less: Notes held by F.R. Banks not subject to collateralization 157,042 Federal Reserve notes to be collateralized 733,671 Collateral held against Federal Reserve notes 733,671 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 720,434 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 754,265 Less: face value of securities under reverse repurchase agreements 25,105 U.S. Treasury and agency securities eligible to be pledged 729,160 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.