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 November 3, 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 Nov 2, 2005 Oct 26, 2005 Nov 3, 2004 Nov 2, 2005 Reserve Bank credit 801,887 + 3,955 + 28,536 795,735 Securities held outright 740,525 + 2,243 + 33,502 740,614 U.S. Treasury1 740,525 + 2,243 + 33,502 740,614 Bills2 270,711 + 455 + 11,391 270,781 Notes and bonds, nominal2 446,792 + 1,759 + 16,495 446,792 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 19,983 Inflation compensation3 3,038 + 29 + 894 3,057 Federal agency2 0 0 0 0 Repurchase agreements4 20,536 + 1,465 - 3,750 14,500 Loans to depository institutions 154 - 68 + 39 129 Primary credit 5 - 35 - 3 0 Secondary credit 0 0 0 0 Seasonal credit 148 - 35 + 41 128 Float 371 - 94 + 43 380 Other Federal Reserve assets 40,301 + 410 - 1,298 40,112 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 + 121 36,485 Total factors supplying reserve funds 851,613 + 3,969 + 28,655 845,460 Currency in circulation5 768,457 + 604 + 25,902 770,059 Reverse repurchase agreements6 25,347 + 1,129 - 1,497 24,939 Foreign official and international accounts 25,347 + 1,129 - 1,497 24,939 Dealers 0 0 0 0 Treasury cash holdings 213 - 7 - 87 225 Deposits with F.R. Banks, other than reserve balances 14,177 + 34 - 2,084 13,703 U.S. Treasury, general account 4,981 - 168 - 294 4,499 Foreign official 105 + 9 + 20 106 Service-related 8,782 + 194 - 1,789 8,782 Required clearing balances 8,782 + 194 - 1,789 8,782 Adjustments to compensate for float 0 0 0 0 Other 308 - 2 - 23 316 Other liabilities and capital 31,872 + 199 + 7,993 31,437 Total factors, other than reserve balances, absorbing reserve funds 840,065 + 1,958 + 30,226 840,363 Reserve balances with Federal Reserve Banks 11,548 + 2,011 - 1,570 5,097 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,477,826 + 1,470 + 177,027 1,474,199 U.S. Treasury 1,086,477 - 1,238 + 33,872 1,080,978 Federal agency 391,350 + 2,710 + 143,157 393,221 Securities lent to dealers 3,123 - 1,383 + 2,682 3,365 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 Nov 2, 2005 Oct 26, 2005 Nov 3, 2004 Assets Gold certificate account 11,036 - 1 - 3 Special drawing rights certificate account 2,200 0 0 Coin 727 0 - 52 Securities, repurchase agreements, and loans 755,242 - 6,225 + 26,780 Securities held outright 740,614 + 1,072 + 32,484 U.S. Treasury1 740,614 + 1,072 + 32,484 Bills2 270,781 + 132 + 11,388 Notes and bonds, nominal2 446,792 + 902 + 15,464 Notes and bonds, inflation-indexed2 19,983 0 + 4,721 Inflation compensation3 3,057 + 38 + 910 Federal agency2 0 0 0 Repurchase agreements4 14,500 - 7,250 - 5,750 Loans 129 - 47 + 47 Items in process of collection (1,355) 7,850 + 1,664 + 136 Bank premises 1,843 - 1 + 102 Other assets5 38,204 + 61 - 1,765 Total assets (1,355) 817,102 - 4,502 + 25,199 Liabilities Federal Reserve notes, net of F.R. Bank holdings 734,523 + 892 + 24,911 Reverse repurchase agreements6 24,939 + 1,285 - 1,573 Deposits (1) 18,734 - 7,965 - 6,375 Depository institutions 13,813 - 7,691 - 5,871 U.S. Treasury, general account 4,499 - 228 - 472 Foreign official 106 - 59 + 24 Other (1) 316 + 13 - 56 Deferred availability cash items (1,354) 7,469 + 1,335 + 424 Other liabilities and accrued dividends7 4,031 + 23 + 1,082 Total liabilities (1,355) 789,696 - 4,430 + 18,469 Capital accounts Capital paid in 13,455 + 4 + 2,911 Surplus 11,630 0 + 2,783 Other capital accounts 2,322 - 75 + 1,037 Total capital 27,406 - 72 + 6,730 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, November 2, 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 13 57,663 + 1,226 0 0 14,500 24,939 16 days to 90 days 116 158,746 - 660 0 0 0 0 91 days to 1 year 0 182,848 - 445 0 0 . . . . . . Over 1 year to 5 years . . . 210,651 + 26 0 0 . . . . . . Over 5 years to 10 years . . . 52,617 + 6 0 0 . . . . . . Over 10 years . . . 78,089 + 919 0 0 . . . . . . All 129 740,614 + 1,072 0 0 14,500 24,939 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 November 2, 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 6 5 1 0 4,3 5 4 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 9 5 2 4 9 5 4 6 3 9 6 8 1 3 6 2 1 5 9 7 2 115 Securities, repurchase agreements, and loans 755,2 4 2 37,8 9 2 308,1 7 9 26,2 7 3 31,2 8 7 56,5 2 1 57,3 0 5 66,7 3 8 23,0 1 6 15,4 9 5 20,9 6 5 36,4 7 6 75,094 Securities held outright 740,6 1 4 37,8 9 2 293,6 7 9 26,2 7 3 31,2 8 7 56,5 2 1 57,2 9 8 66,6 9 6 22,9 8 2 15,4 6 8 20,9 4 8 36,4 7 6 75,094 U.S. Treasury1 740,6 1 4 37,8 9 2 293,6 7 9 26,2 7 3 31,2 8 7 56,5 2 1 57,2 9 8 66,6 9 6 22,9 8 2 15,4 6 8 20,9 4 8 36,4 7 6 75,094 Bills2 270,7 8 1 13,8 5 4 107,3 7 4 9,6 0 6 11,4 3 9 20,6 6 5 20,9 4 9 24,3 8 5 8,4 0 3 5,6 5 5 7,6 5 9 13,3 3 6 27,456 Notes and bonds3 469,8 3 3 24,0 3 8 186,3 0 5 16,6 6 7 19,8 4 8 35,8 5 6 36,3 4 9 42,3 1 1 14,5 7 9 9,8 1 3 13,2 8 9 23,1 4 0 47,638 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 14,5 0 0 0 14,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 2 9 0 0 0 0 0 7 4 2 3 5 2 7 1 8 0 0 Items in process of collection 9,2 0 5 5 3 8 4 3 9 3 8 4 4 5 6 5 0 8 2,2 2 1 4 8 1 2 8 5 4 3 2 9 3 0 5 4 4 1,987 Bank premises 1,8 4 3 1 0 8 2 0 4 5 3 1 5 7 1 4 3 2 7 2 2 1 1 6 8 1 2 0 8 0 2 6 1 164 Other assets5 38,2 0 4 3,2 6 0 14,5 3 2 1,0 6 8 2,4 7 8 4,8 5 7 2,1 7 1 2,6 8 0 9 3 2 7 6 8 7 1 0 1,0 3 2 3,714 Interdistrict settlement account 0 - 3,6 5 8 -16,7 2 3 + 6,5 3 5 + 9 0 7 + 3,8 9 3 + 2,0 7 8 + 1,1 4 5 + 1 5 9 - 8 1 3 + 2 7 - 5,1 9 6 +11,646 Total assets 818,4 5 7 38,7 9 5 311,9 1 1 34,8 7 7 35,8 9 6 66,9 6 8 65,2 5 4 72,4 7 6 24,8 9 5 16,2 6 5 23,1 5 6 33,8 3 7 94,127 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 November 2, 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 893,8 5 3 39,0 3 2 329,9 3 9 37,4 6 7 36,3 6 4 68,4 0 4 81,3 1 1 77,1 3 6 26,4 2 7 16,9 4 8 26,1 4 8 47,5 8 2 107,096 Less: notes held by F.R. Banks 159,3 3 0 4,8 4 9 45,2 3 7 6,2 4 9 5,7 8 9 13,1 6 0 22,8 7 5 10,8 2 6 3,6 2 0 2,6 7 5 5,4 3 6 17,0 0 6 21,609 Federal Reserve notes, net 734,5 2 3 34,1 8 3 284,7 0 2 31,2 1 8 30,5 7 5 55,2 4 4 58,4 3 6 66,3 1 0 22,8 0 7 14,2 7 4 20,7 1 2 30,5 7 7 85,487 Reverse repurchase agreements1 24,9 3 9 1,2 7 6 9,8 8 9 8 8 5 1,0 5 4 1,9 0 3 1,9 2 9 2,2 4 6 7 7 4 5 2 1 7 0 5 1,2 2 8 2,529 Deposits 18,7 3 5 7 2 5 7,6 4 5 6 2 4 1,0 3 9 1,7 9 9 1,5 8 4 1,3 8 0 6 1 1 3 0 0 5 7 7 7 1 3 1,740 Depository institutions 13,8 1 3 7 1 8 2,8 9 7 6 2 3 1,0 3 5 1,6 5 9 1,5 8 1 1,3 7 7 6 0 3 2 9 9 5 7 5 7 1 2 1,735 U.S. Treasury, general account 4,4 9 9 0 4,4 9 9 0 0 0 0 0 0 0 0 0 0 Foreign official 1 0 6 5 7 8 1 4 7 2 3 1 1 1 0 4 Other 3 1 7 1 1 7 2 0 0 1 3 2 1 1 8 0 1 1 0 Deferred availability cash items 8,8 2 3 7 1 6 7 6 7 6 7 5 9 2 4 6 3 8 1,1 8 3 3 9 8 1 6 7 5 5 5 6 8 4 8 0 2 1,314 Other liabilities and accrued dividends2 4,0 3 1 2 1 2 1,3 7 5 1 6 2 2 0 4 4 2 6 3 3 4 3 6 6 1 4 6 1 1 0 1 2 7 2 0 2 368 Total liabilities 791,0 5 1 37,1 1 1 304,3 7 8 33,5 6 3 33,7 9 5 60,0 1 0 63,4 6 5 70,7 0 0 24,5 0 4 15,7 6 0 22,8 0 5 33,5 2 1 91,437 Capital Capital paid in 13,4 5 5 3 1 6 3,6 6 0 7 4 6 1,0 2 7 3,9 3 9 8 6 9 8 6 7 1 4 3 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 2 2 1 4 4 4 4 2 7 4 9 8 7 2 4 0 3 1 4 6 1 2 7 2 7 3 1 82 Total liabilities and capital 818,4 5 7 38,7 9 5 311,9 1 1 34,8 7 7 35,8 9 6 66,9 6 8 65,2 5 4 72,4 7 6 24,8 9 5 16,2 6 5 23,1 5 6 33,8 3 7 94,127 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 Nov 2, 2005 Federal Reserve notes outstanding 893,853 Less: Notes held by F.R. Banks not subject to collateralization 159,330 Federal Reserve notes to be collateralized 734,523 Collateral held against Federal Reserve notes 734,523 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 721,286 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 755,114 Less: face value of securities under reverse repurchase agreements 24,965 U.S. Treasury and agency securities eligible to be pledged 730,148 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.