FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 10, 2005 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Feb 9, 2005 Feb 2, 2005 Feb 11, 2004 Feb 9, 2005 Federal Reserve Banks Reserve Bank Credit 776,603 - 7,627 + 47,065 777,858 Securities held outright 717,886 + 31 + 49,184 717,879 U.S. Treasury (1) 717,886 + 31 + 49,184 717,879 Bills (2) 263,005 + 25 + 17,373 263,005 Notes and bonds, nominal (2) 433,429 - 1,714 + 25,971 433,429 Notes and bonds, inflation-indexed (2) 19,108 + 1,714 + 5,114 19,108 Inflation compensation (3) 2,343 + 6 + 726 2,336 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 16,143 - 10,178 - 1,143 14,500 Loans to depository institutions 37 - 24 + 9 30 Primary credit 22 - 20 + 3 17 Secondary credit 0 0 0 0 Seasonal credit 15 - 4 + 6 13 Float 316 + 250 - 1,226 3,259 Other Federal Reserve assets 42,221 + 2,294 + 240 42,191 Gold stock 11,042 - 1 - 1 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,575 + 14 + 988 36,575 Total factors supplying reserve funds 826,420 - 7,613 + 48,052 827,676 Currency in circulation(5) 750,277 + 3,139 + 37,763 752,427 Reverse repurchase agreements (6) 26,615 - 190 + 6,164 28,355 Foreign official and international accounts 26,615 - 190 + 6,164 28,355 Dealers 0 0 0 0 Treasury cash holdings 290 + 18 - 62 282 Deposits with F.R.Banks, other than reserve balances 15,066 + 638 - 2,014 14,890 U.S. Treasury, general account 4,913 - 157 - 439 4,747 Foreign official 89 - 8 + 9 85 Service-related 9,772 + 827 - 1,468 9,772 Required clearing balances 9,772 + 827 - 1,165 9,772 Adjustments to compensate for float 0 0 - 303 0 Other 292 - 24 - 116 287 Other liabilities and capital 26,703 + 88 + 6,153 26,476 Total factors, other than reserve balances, absorbing reserve funds 818,952 + 3,694 + 48,005 822,430 Reserve balances with Federal Reserve Banks 7,469 - 11,306 + 48 5,246 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,340,236 - 6,259 + 214,688 1,339,388 U.S. Treasury 1,053,668 - 8,132 + 157,061 1,053,934 Federal agency 286,567 + 1,872 + 57,626 285,454 Securities lent to dealers 2,264 - 1,375 + 1,172 4,986 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. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Feb 9, 2005 Feb 2, 2005 Feb 11, 2004 Assets Gold certificate account 11,038 0 0 Special drawing rights certificate account 2,200 0 0 Coin 831 + 25 - 44 Securities, repurchase agreements, and loans 732,408 - 9,823 + 43,789 Securities held outright 717,879 - 19 + 48,028 U.S. Treasury (1) 717,879 - 19 + 48,028 Bills (2) 263,005 0 + 17,158 Notes and bonds, nominal (2) 433,429 0 + 25,035 Notes and bonds, inflation-indexed (2) 19,108 0 + 5,114 Inflation compensation (3) 2,336 - 20 + 720 Federal agency (2) 0 0 0 Repurchase agreements (4) 14,500 - 9,750 - 4,250 Loans 30 - 53 + 12 Items in process of collection (1,321) 10,312 + 2,366 + 3,438 Bank premises 1,783 + 2 + 138 Other assets (5) 40,369 + 3 - 262 Total assets (1,321) 798,942 - 7,426 + 47,059 Liabilities Federal Reserve notes net of FR Bank holdings 716,961 + 2,712 + 36,691 Reverse repurchase agreements (6) 28,355 + 483 + 8,296 Deposits (0) 20,097 - 9,644 - 3,311 Depository institutions 14,979 - 9,200 - 2,709 U.S. Treasury, general account 4,747 - 350 - 500 Foreign official 85 - 71 + 3 Other (0) 287 - 22 - 103 Deferred availability cash items (1,321) 7,053 - 903 - 456 Other liabilities and accrued dividends (7) 2,930 + 96 + 673 Total liabilities (1,321) 775,396 - 7,256 + 41,893 Capital Accounts Capital paid in 12,438 + 1 + 3,544 Surplus 10,906 - 90 + 2,059 Other capital accounts 201 - 82 - 438 Total capital 23,546 - 170 + 5,166 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 securites. 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, February 9, 2005 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 19 54,759 - 409 0 0 14,500 28,355 16 days to 90 days 11 157,604 + 874 0 0 0 0 91 days to 1 year 0 167,189 - 465 0 0 ------ ------ Over 1 to 5 years ------ 207,747 - 7 0 0 ------ ------ Over 5 to 10 years ------ 51,782 - 4 0 0 ------ ------ Over 10 years ------ 78,797 - 9 0 0 ------ ------ All 30 717,879 - 19 0 0 14,500 28,355 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. 4. Statement of Condition of Each Federal Reserve Bank on February 9, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,038 494 4,648 382 452 819 894 924 325 218 302 525 1,055 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 831 23 53 66 59 75 91 125 36 26 55 90 133 Securities, repurchase agreements, and loans 732,408 33,710 325,791 21,355 30,675 54,562 48,413 64,674 21,091 15,659 18,866 32,732 64,882 Securities held outright 717,879 33,710 311,282 21,351 30,675 54,562 48,412 64,665 21,091 15,658 18,865 32,732 64,877 U.S. Treasury (1) 717,879 33,710 311,282 21,351 30,675 54,562 48,412 64,665 21,091 15,658 18,865 32,732 64,877 Bills (2) 263,005 12,350 114,042 7,822 11,238 19,990 17,736 23,691 7,727 5,736 6,911 11,992 23,769 Notes and bonds(3) 454,873 21,360 197,239 13,529 19,437 34,572 30,675 40,974 13,364 9,921 11,953 20,740 41,108 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 14,500 0 14,500 0 0 0 0 0 0 0 0 0 0 Loans 30 0 9 3 0 0 1 9 1 1 1 0 6 Items in process of collection 11,633 463 803 619 1,164 586 1,635 802 758 523 799 954 2,526 Bank premises 1,783 101 197 53 157 143 275 165 63 122 82 256 167 Other assets(5) 40,369 3,400 15,785 1,085 2,649 5,191 2,150 2,835 948 825 720 1,016 3,766 Interdistrict settlement account 0 + 3,031 -21,004 + 5,279 - 388 + 713 + 7,213 + 144 + 1,278 - 811 + 1,345 + 817 + 2,382 Total Assets 800,263 41,337 327,148 28,921 34,872 62,236 60,837 69,881 24,570 16,593 22,233 36,488 75,145 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. 4. Statement of Condition of Each Federal Reserve Bank on February 9, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 854,576 40,239 342,006 34,068 34,782 64,422 73,142 72,668 24,866 16,377 24,559 40,479 86,969 Less: notes held by F.R. Banks 137,616 4,797 43,400 8,089 5,110 12,167 17,852 9,203 2,648 1,953 4,517 6,836 21,045 Federal Reserve notes, net 716,961 35,442 298,606 25,980 29,672 52,254 55,290 63,465 22,218 14,425 20,042 33,643 65,924 Reverse repurchase agreements (1) 28,355 1,331 12,295 843 1,212 2,155 1,912 2,554 833 618 745 1,293 2,563 Deposits 20,097 1,161 7,379 768 1,013 2,300 1,537 1,521 568 462 637 656 2,095 Depository institutions 14,979 1,146 2,408 766 1,008 2,193 1,535 1,518 566 461 636 653 2,090 U.S. Treasury, general account 4,747 0 4,747 0 0 0 0 0 0 0 0 0 0 Foreign official 85 5 57 1 4 7 2 3 1 1 1 0 4 Other 287 10 168 2 0 100 0 0 2 0 1 3 0 Deferred availability cash items 8,374 699 900 631 889 603 900 479 165 489 400 466 1,753 Other liabilities and accrued dividends (2) 2,930 162 1,024 102 158 278 234 279 113 91 96 147 244 Total liabilities 776,717 38,795 320,204 28,325 32,943 57,591 59,872 68,298 23,898 16,085 21,921 36,205 72,579 Capital Capital paid in 12,438 1,638 3,431 298 1,091 2,538 426 787 400 253 154 135 1,287 Surplus 10,906 901 3,430 294 838 2,107 516 763 236 254 153 135 1,279 Other capital 201 2 83 4 0 0 23 33 37 0 6 12 0 Total liabilities and capital 800,263 41,337 327,148 28,921 34,872 62,236 60,837 69,881 24,570 16,593 22,233 36,488 75,145 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 Federal Reserve notes and collateral Wednesday Feb 9, 2005 Federal Reserve notes outstanding 854,576 Less: Notes held by F.R. Banks not subject to collateralization 137,616 Federal Reserve Notes to be collateralized 716,961 Collateral held against Federal Reserve notes 716,961 Gold certificate account 11,038 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 703,723 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 732,379 Less:face value of securities under reverse repurchase agreements 28,374 U.S. Treasury and agency securities eligible to be pledged 704,005 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.