FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 15, 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 Sep 14, 2005 Sep 7, 2005 Sep 15, 2004 Sep 14, 2005 Federal Reserve Banks Reserve Bank Credit 800,567 + 1,287 + 32,149 804,967 Securities held outright 732,393 + 1,982 + 36,830 733,268 U.S. Treasury (1) 732,393 + 1,982 + 36,830 733,268 Bills (2) 267,814 + 34 + 12,454 267,826 Notes and bonds, nominal (2) 441,808 + 1,516 + 18,581 442,593 Notes and bonds, inflation-indexed (2) 19,919 + 386 + 5,057 19,983 Inflation compensation (3) 2,852 + 47 + 739 2,865 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,036 - 2,214 - 5,464 32,000 Loans to depository institutions 312 - 9 + 54 333 Primary credit 3 - 17 - 17 13 Secondary credit 0 0 0 0 Seasonal credit 309 + 8 + 71 321 Float 820 + 1,271 + 347 267 Other Federal Reserve assets 39,006 + 256 + 381 39,099 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 + 275 36,513 Total factors supplying reserve funds 850,322 + 1,302 + 32,423 854,721 Currency in circulation(5) 769,193 + 166 + 29,051 769,103 Reverse repurchase agreements (6) 25,235 + 20 + 528 25,960 Foreign official and international accounts 25,235 + 20 + 528 25,960 Dealers 0 0 0 0 Treasury cash holdings 254 - 7 - 68 252 Deposits with F.R.Banks, other than reserve balances 14,230 + 118 - 1,610 14,542 U.S. Treasury, general account 4,973 + 187 - 288 5,319 Foreign official 91 - 51 + 7 83 Service-related 8,882 - 4 - 1,341 8,882 Required clearing balances 8,882 - 4 - 1,341 8,882 Adjustments to compensate for float 0 0 0 0 Other 284 - 14 + 11 258 Other liabilities and capital 31,283 - 74 + 8,012 30,807 Total factors, other than reserve balances, absorbing reserve funds 840,195 + 223 + 35,913 840,664 Reserve balances with Federal Reserve Banks 10,127 + 1,079 - 3,490 14,057 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,459,730 - 6,792 + 168,356 1,459,821 U.S. Treasury 1,090,975 - 6,312 + 43,218 1,086,811 Federal agency 368,755 - 480 + 125,139 373,011 Securities lent to dealers 5,592 + 2,645 + 3,895 5,412 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 Sep 14, 2005 Sep 7, 2005 Sep 15, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 667 + 12 - 103 Securities, repurchase agreements, and loans 765,601 + 3,352 + 34,095 Securities held outright 733,268 + 2,850 + 37,565 U.S. Treasury (1) 733,268 + 2,850 + 37,565 Bills (2) 267,826 + 46 + 12,437 Notes and bonds, nominal (2) 442,593 + 2,301 + 19,252 Notes and bonds, inflation-indexed (2) 19,983 + 450 + 5,121 Inflation compensation (3) 2,865 + 52 + 754 Federal agency (2) 0 0 0 Repurchase agreements (4) 32,000 + 500 - 3,500 Loans 333 + 2 + 30 Items in process of collection (1,206) 7,194 - 2,581 + 960 Bank premises 1,834 + 2 + 112 Other assets (5) 37,384 + 366 + 469 Total assets (1,206) 825,917 + 1,151 + 35,532 Liabilities Federal Reserve notes net of FR Bank holdings 733,504 - 1,697 + 29,087 Reverse repurchase agreements (6) 25,960 + 806 + 1,637 Deposits (7) 28,718 + 3,872 - 3,775 Depository institutions 23,058 + 3,053 - 1,477 U.S. Treasury, general account 5,319 + 874 - 2,307 Foreign official 83 + 1 + 4 Other (7) 258 - 56 + 6 Deferred availability cash items (1,200) 6,928 - 1,621 + 655 Other liabilities and accrued dividends (7) 3,751 + 106 + 1,102 Total liabilities (1,206) 798,861 + 1,466 + 28,705 Capital Accounts Capital paid in 13,297 - 106 + 2,818 Surplus 11,630 0 + 2,783 Other capital accounts 2,129 - 209 + 1,226 Total capital 27,056 - 315 + 6,827 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, September 14, 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 61 52,446 + 96 0 0 32,000 25,960 16 days to 90 days 272 162,236 - 200 0 0 0 0 91 days to 1 year 0 174,557 + 150 0 0 ------ ------ Over 1 to 5 years ------ 214,341 + 2,548 0 0 ------ ------ Over 5 to 10 years ------ 52,583 + 146 0 0 ------ ------ Over 10 years ------ 77,104 + 108 0 0 ------ ------ All 333 733,268 + 2,850 0 0 32,000 25,960 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 September 14, 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 667 15 41 34 52 57 98 88 37 19 61 68 96 Securities, repurchase agreements, and loans 765,601 37,516 322,777 26,015 30,977 55,960 56,740 66,124 22,821 15,411 20,782 36,123 74,354 Securities held outright 733,268 37,516 290,766 26,012 30,977 55,960 56,730 66,034 22,754 15,315 20,740 36,115 74,349 U.S. Treasury (1) 733,268 37,516 290,766 26,012 30,977 55,960 56,730 66,034 22,754 15,315 20,740 36,115 74,349 Bills (2) 267,826 13,703 106,202 9,501 11,314 20,440 20,720 24,119 8,311 5,594 7,575 13,191 27,156 Notes and bonds(3) 465,441 23,813 184,564 16,511 19,663 35,521 36,009 41,915 14,443 9,721 13,165 22,924 47,193 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 32,000 0 32,000 0 0 0 0 0 0 0 0 0 0 Loans 333 0 11 3 0 0 10 90 67 96 43 8 5 Items in process of collection 8,401 510 489 410 584 502 1,930 457 407 347 803 499 1,464 Bank premises 1,834 107 205 54 157 144 273 204 66 120 78 263 165 Other assets(5) 37,384 3,247 14,040 1,173 2,459 4,864 2,100 2,564 874 745 670 956 3,691 Interdistrict settlement account 0 - 2,622 -17,523 + 6,183 + 918 + 5,732 + 3,892 + 3,464 + 587 - 659 + 482 - 4,156 + 3,701 Total Assets 827,123 39,398 325,258 34,384 35,704 68,242 66,145 74,042 25,190 16,224 23,260 34,399 84,877 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 September 14, 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 886,582 39,662 332,268 37,533 36,080 68,139 80,973 78,305 26,487 16,820 25,934 47,750 96,631 Less: notes held by F.R. Banks 153,078 4,853 40,715 6,463 5,519 13,237 22,697 11,049 3,333 2,572 5,239 16,826 20,575 Federal Reserve notes, net 733,504 34,809 291,553 31,070 30,561 54,902 58,276 67,256 23,154 14,248 20,695 30,925 76,056 Reverse repurchase agreements (1) 25,960 1,328 10,294 921 1,097 1,981 2,008 2,338 806 542 734 1,279 2,632 Deposits 28,725 852 13,878 584 995 3,629 2,784 1,796 521 321 656 878 1,830 Depository institutions 23,058 844 8,324 583 990 3,554 2,775 1,792 519 320 654 877 1,825 U.S. Treasury, general account 5,319 0 5,319 0 0 0 0 0 0 0 0 0 0 Foreign official 83 5 55 1 4 7 2 3 1 1 1 0 4 Other 265 3 181 1 1 68 7 1 1 0 1 0 0 Deferred availability cash items 8,128 676 777 446 711 522 988 544 183 500 701 802 1,277 Other liabilities and accrued dividends (2) 3,751 195 1,272 150 191 376 305 352 140 109 122 191 348 Total liabilities 800,068 37,860 317,774 33,172 33,555 61,410 64,362 72,286 24,803 15,721 22,908 34,074 82,143 Capital Capital paid in 13,297 173 3,650 742 1,026 3,922 869 863 139 243 170 150 1,351 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,129 12 404 177 59 762 398 130 12 5 29 40 101 Total liabilities and capital 827,123 39,398 325,258 34,384 35,704 68,242 66,145 74,042 25,190 16,224 23,260 34,399 84,877 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 Sep 14, 2005 Federal Reserve notes outstanding 886,582 Less: Notes held by F.R. Banks not subject to collateralization 153,078 Federal Reserve Notes to be collateralized 733,504 Collateral held against Federal Reserve notes 733,504 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 720,267 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 765,268 Less:face value of securities under reverse repurchase agreements 25,984 U.S. Treasury and agency securities eligible to be pledged 739,284 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.