FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 29, 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 28, 2005 Sep 21, 2005 Sep 29, 2004 Sep 28, 2005 Federal Reserve Banks Reserve Bank Credit 800,582 + 168 + 34,769 805,401 Securities held outright 735,727 + 2,364 + 37,125 736,082 U.S. Treasury (1) 735,727 + 2,364 + 37,125 736,082 Bills (2) 269,299 + 1,393 + 12,237 269,487 Notes and bonds, nominal (2) 443,540 + 947 + 19,399 443,697 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 19,983 Inflation compensation (3) 2,905 + 25 + 768 2,914 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,857 - 2,757 - 2,714 30,250 Loans to depository institutions 350 + 28 + 96 353 Primary credit 12 + 11 + 3 17 Secondary credit 0 0 0 0 Seasonal credit 339 + 18 + 94 336 Float 354 + 351 + 237 -613 Other Federal Reserve assets 39,294 + 181 + 25 39,328 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,485 + 14 + 220 36,485 Total factors supplying reserve funds 850,308 + 182 + 34,986 855,127 Currency in circulation(5) 766,675 - 445 + 29,835 768,115 Reverse repurchase agreements (6) 24,768 + 233 + 477 23,811 Foreign official and international accounts 24,768 + 233 + 477 23,811 Dealers 0 0 0 0 Treasury cash holdings 252 0 - 47 237 Deposits with F.R.Banks, other than reserve balances 13,936 - 943 - 1,702 13,042 U.S. Treasury, general account 5,366 - 953 + 248 4,479 Foreign official 84 + 2 - 26 83 Service-related 8,237 - 1 - 1,926 8,237 Required clearing balances 8,237 - 1 - 1,926 8,237 Adjustments to compensate for float 0 0 0 0 Other 249 + 9 + 2 243 Other liabilities and capital 31,062 + 81 + 7,668 30,719 Total factors, other than reserve balances, absorbing reserve funds 836,693 - 1,074 + 36,231 835,923 Reserve balances with Federal Reserve Banks 13,614 + 1,255 - 1,245 19,204 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,463,965 + 7,625 + 172,385 1,466,811 U.S. Treasury 1,086,633 + 4,541 + 38,994 1,087,464 Federal agency 377,332 + 3,084 + 133,391 379,347 Securities lent to dealers 3,614 - 1,922 + 2,128 5,930 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 28, 2005 Sep 21, 2005 Sep 29, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 708 + 8 - 69 Securities, repurchase agreements, and loans 766,685 + 12,717 + 38,317 Securities held outright 736,082 + 2,694 + 37,465 U.S. Treasury (1) 736,082 + 2,694 + 37,465 Bills (2) 269,487 + 1,565 + 12,408 Notes and bonds, nominal (2) 443,697 + 1,104 + 19,556 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,721 Inflation compensation (3) 2,914 + 25 + 779 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,250 + 10,000 + 750 Loans 353 + 23 + 102 Items in process of collection (979) 6,193 - 1,735 + 591 Bank premises 1,838 - 1 + 107 Other assets (5) 37,497 - 98 - 390 Total assets (979) 826,159 + 10,893 + 38,554 Liabilities Federal Reserve notes net of FR Bank holdings 732,570 + 676 + 29,119 Reverse repurchase agreements (6) 23,811 - 180 - 526 Deposits (0) 32,607 + 10,898 + 1,903 Depository institutions 27,802 + 12,135 + 2,859 U.S. Treasury, general account 4,479 - 1,239 - 957 Foreign official 83 0 + 2 Other (0) 243 + 3 - 2 Deferred availability cash items (979) 6,452 - 442 + 514 Other liabilities and accrued dividends (7) 3,829 + 84 + 1,070 Total liabilities (979) 799,269 + 11,036 + 32,081 Capital Accounts Capital paid in 13,306 + 4 + 2,804 Surplus 11,623 - 7 + 2,776 Other capital accounts 1,961 - 141 + 893 Total capital 26,890 - 144 + 6,474 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 28, 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 329 58,488 - 116 0 0 30,250 23,811 16 days to 90 days 25 155,823 - 160 0 0 0 0 91 days to 1 year 0 176,589 + 1,841 0 0 ------ ------ Over 1 to 5 years ------ 215,465 + 1,114 0 0 ------ ------ Over 5 to 10 years ------ 52,592 + 4 0 0 ------ ------ Over 10 years ------ 77,125 + 10 0 0 ------ ------ All 353 736,082 + 2,694 0 0 30,250 23,811 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 28, 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 708 18 55 39 55 62 99 91 38 17 59 71 104 Securities, repurchase agreements, and loans 766,685 37,660 322,132 26,116 31,096 56,175 56,961 66,384 22,917 15,475 20,871 36,259 74,639 Securities held outright 736,082 37,660 291,882 26,112 31,096 56,175 56,947 66,288 22,841 15,374 20,819 36,253 74,634 U.S. Treasury (1) 736,082 37,660 291,882 26,112 31,096 56,175 56,947 66,288 22,841 15,374 20,819 36,253 74,634 Bills (2) 269,487 13,788 106,861 9,560 11,385 20,566 20,849 24,269 8,362 5,628 7,622 13,273 27,324 Notes and bonds(3) 466,595 23,872 185,021 16,552 19,711 35,609 36,098 42,019 14,479 9,745 13,197 22,980 47,310 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,250 0 30,250 0 0 0 0 0 0 0 0 0 0 Loans 353 0 0 4 0 0 14 96 76 101 51 6 5 Items in process of collection 7,172 395 437 315 386 382 1,744 286 266 255 785 510 1,411 Bank premises 1,838 109 205 54 157 143 273 203 68 120 79 263 165 Other assets(5) 37,497 3,232 14,182 1,186 2,450 4,809 2,088 2,599 895 750 686 987 3,634 Interdistrict settlement account 0 - 3,167 -16,009 + 6,501 + 726 + 4,007 + 3,127 + 2,070 + 183 - 929 + 41 - 3,951 + 7,401 Total Assets 827,138 38,872 326,231 34,725 35,427 66,562 65,404 72,773 24,765 15,930 22,904 34,786 88,759 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 28, 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 890,029 39,447 331,047 37,538 36,300 68,399 81,588 77,818 26,473 16,774 25,952 47,718 100,975 Less: notes held by F.R. Banks 157,458 4,999 42,418 6,524 5,800 13,322 23,531 11,454 3,638 2,696 5,478 16,013 21,584 Federal Reserve notes, net 732,570 34,447 288,628 31,014 30,500 55,076 58,058 66,364 22,835 14,078 20,473 31,705 79,391 Reverse repurchase agreements (1) 23,811 1,218 9,442 845 1,006 1,817 1,842 2,144 739 497 673 1,173 2,414 Deposits 32,607 839 18,732 940 1,082 1,894 2,489 1,727 454 299 651 788 2,712 Depository institutions 27,802 832 14,050 938 1,077 1,810 2,487 1,724 452 298 649 778 2,707 U.S. Treasury, general account 4,479 0 4,479 0 0 0 0 0 0 0 0 0 0 Foreign official 83 5 54 1 4 7 2 3 1 1 1 0 4 Other 243 2 149 0 2 77 0 0 1 0 1 10 0 Deferred availability cash items 7,431 647 687 540 553 566 929 429 219 448 635 608 1,171 Other liabilities and accrued dividends (2) 3,829 201 1,299 154 194 397 313 352 142 109 123 193 353 Total liabilities 800,248 37,353 318,788 33,492 33,335 59,751 63,630 71,017 24,388 15,430 22,557 34,467 86,041 Capital Capital paid in 13,306 173 3,656 742 1,026 3,923 869 864 140 243 170 148 1,352 Surplus 11,623 1,346 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,961 0 358 198 2 740 389 129 1 2 24 35 83 Total liabilities and capital 827,138 38,872 326,231 34,725 35,427 66,562 65,404 72,773 24,765 15,930 22,904 34,786 88,759 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 28, 2005 Federal Reserve notes outstanding 890,029 Less: Notes held by F.R. Banks not subject to collateralization 157,458 Federal Reserve Notes to be collateralized 732,570 Collateral held against Federal Reserve notes 732,570 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 719,334 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 766,332 Less:face value of securities under reverse repurchase agreements 23,829 U.S. Treasury and agency securities eligible to be pledged 742,503 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.