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 Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Oct 19, 2005 Oct 12, 2005 Oct 20, 2004 Oct 19, 2005 Federal Reserve Banks Reserve Bank Credit 800,945 - 428 + 30,419 795,857 Securities held outright 737,795 + 135 + 35,134 738,015 U.S. Treasury (1) 737,795 + 135 + 35,134 738,015 Bills (2) 269,938 + 110 + 10,870 270,149 Notes and bonds, nominal (2) 444,890 0 + 18,699 444,890 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 19,983 Inflation compensation (3) 2,983 + 25 + 844 2,993 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 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 outstanding (5) 36,527 + 14 + 206 36,527 Total factors supplying reserve funds 850,713 - 414 + 30,622 845,626 Currency in circulation(5) 769,027 - 2,200 + 27,611 769,263 Reverse repurchase agreements (6) 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 accounts(2,7) 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. 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 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. Treasury (1) 738,015 + 343 + 35,202 Bills (2) 270,149 + 317 + 11,071 Notes and bonds, nominal (2) 444,890 0 + 18,557 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 Inflation compensation (3) 2,993 + 27 + 853 Federal agency (2) 0 0 0 Repurchase agreements (4) 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 assets (5) 37,681 - 194 - 1,213 Total assets (1,183) 816,745 - 12,004 + 30,466 Liabilities Federal Reserve notes net of FR Bank holdings 733,671 - 2,380 + 26,952 Reverse repurchase agreements (6) 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 dividends (7) 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 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 19, 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 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 to 5 years ------ 210,114 - 5,150 0 0 ------ ------ Over 5 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. 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 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 718 29 53 45 55 62 96 84 37 20 56 71 110 Securities, repurchase agreements, and loans 754,503 37,759 308,902 26,182 31,177 56,323 57,126 66,527 22,957 15,457 20,914 36,350 74,830 Securities held outright 738,015 37,759 292,649 26,181 31,177 56,323 57,097 66,462 22,901 15,414 20,874 36,348 74,830 U.S. Treasury (1) 738,015 37,759 292,649 26,181 31,177 56,323 57,097 66,462 22,901 15,414 20,874 36,348 74,830 Bills (2) 270,149 13,822 107,123 9,583 11,412 20,617 20,900 24,328 8,383 5,642 7,641 13,305 27,391 Notes and bonds(3) 467,866 23,937 185,525 16,597 19,765 35,706 36,197 42,134 14,518 9,772 13,233 23,043 47,439 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 16,250 0 16,250 0 0 0 0 0 0 0 0 0 0 Loans 238 0 3 2 0 0 29 65 55 43 40 2 0 Items in process of collection 9,948 475 574 375 949 443 2,557 434 280 339 1,105 598 1,819 Bank premises 1,841 109 204 54 157 144 273 209 68 120 79 262 164 Other assets(5) 37,681 3,233 14,329 1,051 2,459 4,832 2,101 2,630 915 758 697 1,010 3,666 Interdistrict settlement account 0 - 3,199 -15,631 + 7,126 + 21 + 5,019 + 2,253 + 1,197 + 44 - 749 + 100 - 5,101 + 8,920 Total Assets 817,929 39,031 313,660 35,347 35,375 67,804 65,516 72,221 24,699 16,187 23,335 33,837 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. 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 City Dallas Francisco Liabilities Federal Reserve notes outstanding 890,713 39,126 330,274 37,492 36,259 68,339 81,690 77,255 26,422 16,855 26,072 47,621 103,309 Less: notes held by F.R. Banks 157,042 4,810 43,464 6,102 5,790 13,051 22,804 11,170 3,661 2,615 5,350 16,940 21,284 Federal Reserve notes, net 733,671 34,316 286,810 31,390 30,469 55,288 58,886 66,085 22,761 14,240 20,722 30,681 82,024 Reverse repurchase agreements (1) 25,082 1,283 9,946 890 1,060 1,914 1,940 2,259 778 524 709 1,235 2,543 Deposits 19,824 849 7,201 1,069 934 2,733 1,644 1,245 454 331 640 730 1,994 Depository institutions 14,960 841 2,497 1,067 929 2,603 1,643 1,242 452 330 639 729 1,989 U.S. Treasury, general account 4,469 0 4,469 0 0 0 0 0 0 0 0 0 0 Foreign official 87 5 58 1 4 7 2 3 1 1 1 0 4 Other 308 3 177 0 1 122 0 0 2 0 1 0 1 Deferred availability cash items 8,166 695 851 561 612 585 937 503 174 477 788 673 1,310 Other liabilities and accrued dividends (2) 3,937 207 1,348 158 198 401 323 362 144 111 125 199 361 Total liabilities 790,680 37,351 306,155 34,067 33,272 60,921 63,731 70,453 24,311 15,682 22,985 33,518 88,232 Capital Capital paid in 13,435 316 3,660 744 1,027 3,926 869 865 141 243 170 149 1,324 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,184 11 416 242 11 809 400 139 11 7 27 35 76 Total liabilities and capital 817,929 39,031 313,660 35,347 35,375 67,804 65,516 72,221 24,699 16,187 23,335 33,837 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 Federal Reserve notes and collateral Wednesday 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 pledged (1) 720,434 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 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.