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 27, 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 26, 2005 Oct 19, 2005 Oct 27, 2004 Oct 26, 2005 Reserve Bank credit 797,931 - 3,014 + 27,328 801,552 Securities held outright 738,282 + 487 + 33,117 739,542 U.S. Treasury1 738,282 + 487 + 33,117 739,542 Bills2 270,256 + 318 + 11,139 270,649 Notes and bonds, nominal2 445,033 + 143 + 16,388 445,890 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 3,009 + 26 + 868 3,019 Federal agency2 0 0 0 0 Repurchase agreements4 19,071 - 2,143 - 4,929 21,750 Loans to depository institutions 222 - 4 + 24 176 Primary credit 40 + 30 - 11 8 Secondary credit 0 0 0 0 Seasonal credit 183 - 32 + 36 168 Float 465 - 1,516 + 326 52 Other Federal Reserve assets 39,891 + 163 - 1,210 40,032 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,541 + 14 + 199 36,541 Total factors supplying reserve funds 847,713 - 3,000 + 27,525 851,334 Currency in circulation5 767,923 - 1,104 + 27,216 769,239 Reverse repurchase agreements6 24,218 - 1,828 - 2,079 23,654 Foreign official and international accounts 24,218 - 1,828 - 2,079 23,654 Dealers 0 0 0 0 Treasury cash holdings 220 + 1 - 81 211 Deposits with F.R. Banks, other than reserve balances 14,143 + 587 - 1,670 13,783 U.S. Treasury, general account 5,149 + 594 + 201 4,727 Foreign official 96 - 6 + 10 165 Service-related 8,588 - 1 - 1,899 8,588 Required clearing balances 8,588 - 1 - 1,899 8,588 Adjustments to compensate for float 0 0 0 0 Other 310 0 + 19 303 Other liabilities and capital 31,673 + 100 + 7,571 31,486 Total factors, other than reserve balances, absorbing reserve funds 838,177 - 2,244 + 30,957 838,373 Reserve balances with Federal Reserve Banks 9,537 - 755 - 3,431 12,961 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,476,356 + 8,042 + 177,275 1,479,343 U.S. Treasury 1,087,715 + 59 + 36,509 1,087,713 Federal agency 388,640 + 7,982 + 140,766 391,629 Securities lent to dealers 4,506 + 1,384 + 2,953 6,622 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 26, 2005 Oct 19, 2005 Oct 27, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 727 + 9 - 40 Securities, repurchase agreements, and loans 761,467 + 6,964 + 30,847 Securities held outright 739,542 + 1,527 + 32,812 U.S. Treasury1 739,542 + 1,527 + 32,812 Bills2 270,649 + 500 + 11,448 Notes and bonds, nominal2 445,890 + 1,000 + 15,765 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 3,019 + 26 + 877 Federal agency2 0 0 0 Repurchase agreements4 21,750 + 5,500 - 2,000 Loans 176 - 62 + 36 Items in process of collection (957) 6,186 - 2,579 - 444 Bank premises 1,844 + 3 + 96 Other assets5 38,143 + 462 - 1,514 Total assets (957) 821,604 + 4,859 + 28,943 Liabilities Federal Reserve notes, net of F.R. Bank holdings 733,631 - 40 + 26,480 Reverse repurchase agreements6 23,654 - 1,428 - 2,107 Deposits (0) 26,699 + 6,875 - 3,246 Depository institutions 21,504 + 6,544 - 3,443 U.S. Treasury, general account 4,727 + 258 + 145 Foreign official 165 + 78 + 52 Other (0) 303 - 5 0 Deferred availability cash items (957) 6,134 - 849 - 62 Other liabilities and accrued dividends7 4,008 + 71 + 1,159 Total liabilities (957) 794,126 + 4,630 + 22,224 Capital accounts Capital paid in 13,451 + 16 + 2,924 Surplus 11,630 0 + 2,783 Other capital accounts 2,397 + 213 + 1,012 Total capital 27,478 + 229 + 6,718 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 26, 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 174 56,437 - 870 0 0 21,750 23,654 16 days to 90 days 2 159,406 + 1,810 0 0 0 0 91 days to 1 year 0 183,293 + 60 0 0 . . . . . . Over 1 year to 5 years . . . 210,625 + 511 0 0 . . . . . . Over 5 years to 10 years . . . 52,611 + 5 0 0 . . . . . . Over 10 years . . . 77,170 + 11 0 0 . . . . . . All 176 739,542 + 1,527 0 0 21,750 23,654 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 26, 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 2 7 2 8 5 3 4 8 5 6 6 1 9 8 8 2 3 6 2 0 5 9 7 2 114 Securities, repurchase agreements, and loans 761,4 6 7 37,8 4 0 315,0 0 5 26,2 3 7 31,2 4 2 56,4 3 9 57,2 2 1 66,6 5 3 22,9 9 4 15,4 8 2 20,9 4 2 36,4 2 4 74,989 Securities held outright 739,5 4 2 37,8 3 7 293,2 5 4 26,2 3 5 31,2 4 2 56,4 3 9 57,2 1 5 66,5 9 9 22,9 4 9 15,4 4 6 20,9 1 7 36,4 2 4 74,985 U.S. Treasury1 739,5 4 2 37,8 3 7 293,2 5 4 26,2 3 5 31,2 4 2 56,4 3 9 57,2 1 5 66,5 9 9 22,9 4 9 15,4 4 6 20,9 1 7 36,4 2 4 74,985 Bills2 270,6 4 9 13,8 4 7 107,3 2 2 9,6 0 1 11,4 3 4 20,6 5 5 20,9 3 9 24,3 7 3 8,3 9 8 5,6 5 3 7,6 5 5 13,3 3 0 27,442 Notes and bonds3 468,8 9 3 23,9 9 0 185,9 3 2 16,6 3 4 19,8 0 8 35,7 8 4 36,2 7 6 42,2 2 6 14,5 5 0 9,7 9 3 13,2 6 2 23,0 9 4 47,543 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 21,7 5 0 0 21,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1 7 6 3 1 3 0 0 6 5 4 4 5 3 6 2 4 0 5 Items in process of collection 7,1 4 3 4 3 4 3 2 1 2 9 1 3 4 3 4 9 9 1,3 8 9 4 4 6 2 7 4 3 6 0 9 4 0 3 8 7 1,460 Bank premises 1,8 4 4 1 0 9 2 0 5 5 4 1 5 7 1 4 3 2 7 2 2 0 9 6 9 1 2 0 8 0 2 6 2 165 Other assets5 38,1 4 3 3,2 6 2 14,5 0 1 1,0 6 7 2,4 8 3 4,8 5 7 2,1 5 3 2,6 7 2 9 2 8 7 7 0 7 0 9 1,0 2 8 3,712 Interdistrict settlement account 0 - 3,5 9 4 -20,0 3 6 + 6,3 8 7 + 1,2 6 0 + 6,4 1 6 + 3,5 4 2 + 1,2 2 5 + 2 2 - 8 2 9 + 3 9 - 5,4 1 6 +10,984 Total assets 822,5 6 1 38,7 0 4 315,2 7 8 34,5 9 9 36,0 9 8 69,3 9 8 65,7 8 6 72,4 2 8 24,7 2 1 16,1 6 5 23,1 5 2 33,4 0 2 92,829 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 26, 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 891,8 9 9 39,0 8 0 330,0 1 1 37,4 7 5 36,3 9 2 68,3 9 1 81,5 2 5 77,1 7 0 26,3 7 7 16,8 3 7 26,1 1 7 47,5 0 8 105,016 Less: notes held by F.R. Banks 158,2 6 8 4,8 8 4 44,1 8 9 6,2 0 0 5,9 6 3 13,1 4 6 22,5 6 6 11,0 5 3 3,5 9 0 2,5 8 4 5,4 4 0 17,0 0 4 21,651 Federal Reserve notes, net 733,6 3 1 34,1 9 6 285,8 2 2 31,2 7 5 30,4 2 9 55,2 4 4 58,9 5 9 66,1 1 8 22,7 8 7 14,2 5 3 20,6 7 7 30,5 0 5 83,365 Reverse repurchase agreements1 23,6 5 4 1,2 1 0 9,3 8 0 8 3 9 9 9 9 1,8 0 5 1,8 3 0 2,1 3 0 7 3 4 4 9 4 6 6 9 1,1 6 5 2,398 Deposits 26,6 9 9 8 0 6 10,4 3 2 5 3 1 1,7 2 4 4,4 1 0 2,0 8 4 1,6 8 6 4 9 8 3 1 8 6 7 8 6 5 3 2,878 Depository institutions 21,5 0 4 7 9 8 5,3 9 7 5 3 0 1,7 1 9 4,2 8 1 2,0 8 2 1,6 8 3 4 9 6 3 1 7 6 7 6 6 5 2 2,874 U.S. Treasury, general account 4,7 2 7 0 4,7 2 7 0 0 0 0 0 0 0 0 0 0 Foreign official 1 6 5 5 1 3 6 1 4 7 2 3 1 1 1 0 4 Other 3 0 3 3 1 7 2 0 1 1 2 2 0 1 2 0 1 1 0 Deferred availability cash items 7,0 9 1 5 8 0 7 0 9 4 9 3 6 2 4 5 7 7 7 9 5 3 4 4 1 7 2 4 8 0 6 4 7 5 5 9 1,112 Other liabilities and accrued dividends2 4,0 0 8 2 1 0 1,3 7 2 1 6 1 2 0 3 4 2 4 3 2 4 3 6 6 1 4 5 1 1 1 1 2 8 1 9 6 368 Total liabilities 795,0 8 3 37,0 0 1 307,7 1 5 33,3 0 0 33,9 7 9 62,4 6 0 63,9 9 3 70,6 4 5 24,3 3 6 15,6 5 6 22,7 9 9 33,0 7 8 90,121 Capital Capital paid in 13,4 5 1 3 1 6 3,6 6 0 7 4 4 1,0 2 7 3,9 3 8 8 6 9 8 6 6 1 4 1 2 4 4 1 7 0 1 4 9 1,325 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 2,3 9 7 3 4 4 7 4 2 6 0 2 7 8 5 1 4 0 8 1 5 3 9 1 1 3 0 4 0 100 Total liabilities and capital 822,5 6 1 38,7 0 4 315,2 7 8 34,5 9 9 36,0 9 8 69,3 9 8 65,7 8 6 72,4 2 8 24,7 2 1 16,1 6 5 23,1 5 2 33,4 0 2 92,829 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 26, 2005 Federal Reserve notes outstanding 891,899 Less: Notes held by F.R. Banks not subject to collateralization 158,268 Federal Reserve notes to be collateralized 733,631 Collateral held against Federal Reserve notes 733,631 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 720,394 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 761,292 Less: face value of securities under reverse repurchase agreements 23,676 U.S. Treasury and agency securities eligible to be pledged 737,616 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.