FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 7, 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 Apr 6, 2005 Mar 30, 2005 Apr 7, 2004 Apr 6, 2005 Federal Reserve Banks Reserve Bank Credit 783,431 + 1,107 + 49,879 778,002 Securities held outright 717,341 - 191 + 43,140 717,351 U.S. Treasury (1) 717,341 - 191 + 43,140 717,351 Bills (2) 263,005 0 + 16,361 263,005 Notes and bonds, nominal (2) 432,885 - 211 + 21,497 432,885 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,342 + 20 + 637 2,352 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,143 + 500 + 5,572 20,000 Loans to depository institutions 69 + 10 - 4 65 Primary credit 12 - 1 - 24 2 Secondary credit 0 0 0 0 Seasonal credit 57 + 11 + 20 63 Float 254 + 778 + 753 -70 Other Federal Reserve assets 40,624 + 10 + 419 40,655 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,560 + 14 + 782 36,560 Total factors supplying reserve funds 833,232 + 1,121 + 50,657 827,803 Currency in circulation(5) 754,525 + 1,488 + 38,276 755,891 Reverse repurchase agreements (6) 23,115 - 1,564 + 3,716 22,986 Foreign official and international accounts 23,115 - 1,564 + 3,716 22,986 Dealers 0 0 0 0 Treasury cash holdings 283 + 8 - 80 277 Deposits with F.R.Banks, other than reserve balances 15,248 + 1,606 - 771 14,426 U.S. Treasury, general account 5,296 + 704 + 286 4,530 Foreign official 111 + 28 + 18 82 Service-related 9,514 + 781 - 1,053 9,514 Required clearing balances 9,514 + 782 - 1,048 9,514 Adjustments to compensate for float 0 0 - 5 0 Other 326 + 91 - 22 300 Other liabilities and capital 27,862 + 176 + 7,031 27,738 Total factors, other than reserve balances, absorbing reserve funds 821,033 + 1,714 + 48,172 821,318 Reserve balances with Federal Reserve Banks 12,199 - 593 + 2,485 6,485 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,390,019 - 1,661 + 213,965 1,390,159 U.S. Treasury 1,081,816 - 3,232 + 140,176 1,081,265 Federal agency 308,203 + 1,571 + 73,788 308,894 Securities lent to dealers 2,979 - 297 + 1,035 1,562 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 Apr 6, 2005 Mar 30, 2005 Apr 7, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 720 + 7 - 124 Securities, repurchase agreements, and loans 737,417 - 11,931 + 43,294 Securities held outright 717,351 - 185 + 43,057 U.S. Treasury (1) 717,351 - 185 + 43,057 Bills (2) 263,005 0 + 16,276 Notes and bonds, nominal (2) 432,885 - 211 + 21,497 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,352 + 26 + 639 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,000 - 11,750 + 250 Loans 65 + 3 - 14 Items in process of collection (768) 7,349 + 1,820 + 989 Bank premises 1,802 - 4 + 144 Other assets (5) 38,646 - 85 - 88 Total assets (768) 799,170 - 10,195 + 44,210 Liabilities Federal Reserve notes net of FR Bank holdings 720,324 + 636 + 36,546 Reverse repurchase agreements (6) 22,986 - 705 + 3,914 Deposits (14) 20,703 - 11,080 - 4,179 Depository institutions 15,791 - 10,458 - 4,095 U.S. Treasury, general account 4,530 - 668 - 31 Foreign official 82 - 20 - 14 Other (14) 300 + 65 - 38 Deferred availability cash items (754) 7,419 + 890 + 719 Other liabilities and accrued dividends (7) 3,231 + 6 + 998 Total liabilities (768) 774,664 - 10,252 + 37,999 Capital Accounts Capital paid in 12,585 + 26 + 3,603 Surplus 11,165 - 12 + 2,318 Other capital accounts 757 + 43 + 291 Total capital 24,507 + 58 + 6,212 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, April 6, 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 10 47,012 - 7,839 0 0 20,000 22,986 16 days to 90 days 56 170,291 + 7,594 0 0 0 0 91 days to 1 year 0 160,318 + 368 0 0 ------ ------ Over 1 to 5 years ------ 212,482 - 324 0 0 ------ ------ Over 5 to 10 years ------ 50,289 + 5 0 0 ------ ------ Over 10 years ------ 76,959 + 12 0 0 ------ ------ All 65 717,351 - 185 0 0 20,000 22,986 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 April 6, 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 11,037 494 4,647 382 452 819 894 924 325 218 302 525 1,055 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 720 22 47 65 54 58 71 119 33 28 48 62 112 Securities, repurchase agreements, and loans 737,417 33,687 331,055 21,336 30,653 54,522 48,376 64,654 21,079 15,665 18,852 32,709 64,829 Securities held outright 717,351 33,685 311,053 21,336 30,653 54,522 48,376 64,618 21,075 15,646 18,851 32,708 64,829 U.S. Treasury (1) 717,351 33,685 311,053 21,336 30,653 54,522 48,376 64,618 21,075 15,646 18,851 32,708 64,829 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) 454,346 21,335 197,010 13,513 19,414 34,532 30,640 40,927 13,348 9,910 11,939 20,716 41,061 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,000 0 20,000 0 0 0 0 0 0 0 0 0 0 Loans 65 3 2 0 0 0 0 36 4 19 2 1 0 Items in process of collection 8,117 396 450 428 637 662 1,275 361 246 361 559 363 2,380 Bank premises 1,802 103 200 53 157 143 275 175 61 122 83 264 166 Other assets(5) 38,646 3,304 15,060 1,073 2,551 5,044 2,037 2,679 892 787 674 940 3,605 Interdistrict settlement account 0 + 2,939 -25,349 + 7,083 + 439 + 2,624 + 5,610 + 760 + 1,269 - 694 + 1,204 + 466 + 3,651 Total Assets 799,939 41,062 326,982 30,502 35,046 64,019 58,705 69,884 23,976 16,517 21,788 35,426 76,032 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 April 6, 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 854,076 40,054 338,897 35,694 35,467 65,475 73,215 72,842 24,704 16,332 24,300 40,112 86,984 Less: notes held by F.R. Banks 133,752 4,599 38,226 7,722 5,187 12,439 20,179 8,869 2,983 1,760 4,655 7,284 19,848 Federal Reserve notes, net 720,324 35,455 300,672 27,971 30,280 53,036 53,037 63,972 21,721 14,572 19,644 32,828 67,136 Reverse repurchase agreements (1) 22,986 1,079 9,967 684 982 1,747 1,550 2,071 675 501 604 1,048 2,077 Deposits 20,717 1,151 7,083 672 902 3,593 1,736 1,394 543 338 633 647 2,023 Depository institutions 15,791 1,142 2,334 670 884 3,462 1,734 1,391 539 337 632 646 2,019 U.S. Treasury, general account 4,530 0 4,530 0 0 0 0 0 0 0 0 0 0 Foreign official 82 5 53 1 4 7 2 3 1 1 1 0 4 Other 314 4 166 0 14 124 0 0 3 0 1 1 0 Deferred availability cash items 8,173 622 954 459 667 482 1,168 487 151 497 490 443 1,753 Other liabilities and accrued dividends (2) 3,231 186 1,143 113 176 316 238 300 123 98 102 158 278 Total liabilities 775,432 38,494 319,820 29,899 33,008 59,174 57,729 68,224 23,213 16,006 21,474 35,124 73,267 Capital Capital paid in 12,585 1,554 3,502 300 1,099 2,540 428 817 405 254 155 147 1,383 Surplus 11,165 1,014 3,430 294 939 2,148 516 763 236 254 153 135 1,283 Other capital 757 0 231 9 0 156 31 79 122 2 6 20 100 Total liabilities and capital 799,939 41,062 326,982 30,502 35,046 64,019 58,705 69,884 23,976 16,517 21,788 35,426 76,032 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 Apr 6, 2005 Federal Reserve notes outstanding 854,076 Less: Notes held by F.R. Banks not subject to collateralization 133,752 Federal Reserve Notes to be collateralized 720,324 Collateral held against Federal Reserve notes 720,324 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 707,087 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 737,351 Less:face value of securities under reverse repurchase agreements 23,004 U.S. Treasury and agency securities eligible to be pledged 714,347 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.