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 Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Oct 12, 2005 Oct 5, 2005 Oct 13, 2004 Oct 12, 2005 Federal Reserve Banks Reserve Bank Credit 801,371 + 1,191 + 32,599 803,736 Securities held outright 737,660 + 1,121 + 36,058 737,672 U.S. Treasury (1) 737,660 + 1,121 + 36,058 737,672 Bills (2) 269,828 + 67 + 10,964 269,832 Notes and bonds, nominal (2) 444,890 + 1,022 + 19,551 444,890 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 19,983 Inflation compensation (3) 2,958 + 31 + 821 2,966 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 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 outstanding (5) 36,513 + 14 + 213 36,513 Total factors supplying reserve funds 851,126 + 1,206 + 32,811 853,490 Currency in circulation(5) 771,227 + 3,783 + 28,651 771,642 Reverse repurchase agreements (6) 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 accounts(2,7) 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. 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 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. Treasury (1) 737,672 + 80 + 36,055 Bills (2) 269,832 + 53 + 10,954 Notes and bonds, nominal (2) 444,890 0 + 19,551 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 Inflation compensation (3) 2,966 + 26 + 828 Federal agency (2) 0 0 0 Repurchase agreements (4) 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 assets (5) 37,875 + 494 - 564 Total assets (2,683) 828,749 + 9,185 + 31,938 Liabilities Federal Reserve notes net of FR Bank holdings 736,051 + 2,219 + 27,905 Reverse repurchase agreements (6) 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 dividends (7) 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 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, October 12, 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 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 to 5 years ------ 215,264 + 10 0 0 ------ ------ Over 5 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. 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 City Dallas Francisco Assets Gold certificate account 11,037 510 4,355 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 709 26 53 41 57 58 92 87 36 18 59 73 106 Securities, repurchase agreements, and loans 758,182 37,742 312,763 26,172 31,163 56,297 57,077 66,507 22,947 15,467 20,906 36,334 74,809 Securities held outright 737,672 37,742 292,513 26,169 31,163 56,297 57,070 66,431 22,891 15,407 20,864 36,331 74,795 U.S. Treasury (1) 737,672 37,742 292,513 26,169 31,163 56,297 57,070 66,431 22,891 15,407 20,864 36,331 74,795 Bills (2) 269,832 13,805 106,998 9,572 11,399 20,593 20,876 24,300 8,373 5,636 7,632 13,290 27,359 Notes and bonds(3) 467,840 23,936 185,515 16,596 19,764 35,704 36,195 42,131 14,517 9,771 13,232 23,042 47,436 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,250 0 20,250 0 0 0 0 0 0 0 0 0 0 Loans 260 0 0 3 0 0 6 76 56 60 42 2 14 Items in process of collection 19,589 1,058 905 1,028 3,076 952 5,075 1,031 574 581 1,777 1,066 2,466 Bank premises 1,839 109 204 54 157 143 272 209 67 120 79 262 164 Other assets(5) 37,875 3,242 14,335 1,049 2,466 4,845 2,148 2,634 914 759 700 1,109 3,675 Interdistrict settlement account 0 - 2,983 -14,654 + 6,913 + 401 + 4,310 + 1,378 + 2,378 - 1 - 668 - 300 - 5,075 + 8,300 Total Assets 831,431 39,818 318,835 35,771 37,877 67,588 67,153 73,987 24,936 16,520 23,605 34,416 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. 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 City Dallas Francisco Liabilities Federal Reserve notes outstanding 890,271 39,340 330,836 37,552 36,252 68,394 81,234 77,619 26,478 16,915 26,099 47,642 101,908 Less: notes held by F.R. Banks 154,219 4,718 42,301 6,202 5,536 12,752 22,798 11,114 3,645 2,638 5,164 16,628 20,724 Federal Reserve notes, net 736,051 34,622 288,536 31,351 30,716 55,643 58,436 66,505 22,833 14,277 20,935 31,014 81,185 Reverse repurchase agreements (1) 26,281 1,345 10,421 932 1,110 2,006 2,033 2,367 816 549 743 1,294 2,665 Deposits 24,057 821 9,766 1,061 1,133 1,751 3,173 2,127 423 374 549 719 2,161 Depository institutions 18,416 815 4,292 1,060 1,127 1,614 3,171 2,122 420 373 547 718 2,156 U.S. Treasury, general account 5,265 0 5,265 0 0 0 0 0 0 0 0 0 0 Foreign official 78 5 50 1 4 7 2 3 1 1 1 0 4 Other 297 2 159 0 1 129 0 2 2 0 1 1 0 Deferred availability cash items 13,743 1,126 1,229 978 2,595 913 1,403 854 322 701 897 865 1,861 Other liabilities and accrued dividends (2) 3,952 205 1,339 184 200 405 319 363 143 112 125 197 361 Total liabilities 804,085 38,118 311,291 34,506 35,754 60,717 65,363 72,215 24,537 16,013 23,249 34,089 88,232 Capital Capital paid in 13,429 316 3,657 744 1,026 3,926 869 864 140 243 170 149 1,322 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,288 30 458 227 32 796 404 144 23 9 32 43 90 Total liabilities and capital 831,431 39,818 318,835 35,771 37,877 67,588 67,153 73,987 24,936 16,520 23,605 34,416 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 Federal Reserve notes and collateral Wednesday 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 pledged (1) 722,814 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 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.