FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 14, 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 Jul 13, 2005 Jul 6, 2005 Jul 14, 2004 Jul 13, 2005 Federal Reserve Banks Reserve Bank Credit 792,010 - 3,787 + 36,602 790,828 Securities held outright 724,714 - 5 + 34,940 724,712 U.S. Treasury (1) 724,714 - 5 + 34,940 724,712 Bills (2) 265,015 0 + 9,991 265,015 Notes and bonds, nominal (2) 437,374 0 + 19,123 437,374 Notes and bonds, inflation-indexed (2) 19,533 0 + 5,012 19,533 Inflation compensation (3) 2,792 - 5 + 815 2,790 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,893 - 3,178 + 1,643 25,250 Loans to depository institutions 275 - 470 + 32 238 Primary credit 51 - 488 - 2 11 Secondary credit 0 0 0 0 Seasonal credit 224 + 18 + 33 228 Float 23 - 491 + 232 264 Other Federal Reserve assets 40,105 + 357 - 245 40,363 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,629 + 14 + 570 36,629 Total factors supplying reserve funds 841,880 - 3,773 + 37,169 840,698 Currency in circulation(5) 765,786 - 715 + 29,536 765,478 Reverse repurchase agreements (6) 25,416 - 351 + 5,649 25,597 Foreign official and international accounts 25,416 - 351 + 5,649 25,597 Dealers 0 0 0 0 Treasury cash holdings 237 0 - 65 235 Deposits with F.R.Banks, other than reserve balances 14,216 + 1,686 - 1,409 14,200 U.S. Treasury, general account 4,843 + 1,003 + 9 4,790 Foreign official 86 - 39 + 6 100 Service-related 9,006 + 728 - 1,417 9,006 Required clearing balances 9,006 + 728 - 1,416 9,006 Adjustments to compensate for float 0 0 0 0 Other 281 - 6 - 7 304 Other liabilities and capital 29,612 + 569 + 7,899 29,632 Total factors, other than reserve balances, absorbing reserve funds 835,266 + 1,188 + 41,608 835,142 Reserve balances with Federal Reserve Banks 6,614 - 4,961 - 4,440 5,555 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,442,624 + 4,650 + 208,616 1,443,055 U.S. Treasury 1,092,727 + 6,791 + 95,679 1,091,724 Federal agency 349,897 - 2,141 + 112,937 351,331 Securities lent to dealers 2,889 - 2,467 + 2,314 2,874 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 Jul 13, 2005 Jul 6, 2005 Jul 14, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 612 + 4 - 98 Securities, repurchase agreements, and loans 750,201 - 8,738 + 34,132 Securities held outright 724,712 - 5 + 34,403 U.S. Treasury (1) 724,712 - 5 + 34,403 Bills (2) 265,015 0 + 9,837 Notes and bonds, nominal (2) 437,374 0 + 19,123 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,790 - 6 + 773 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,250 - 8,750 - 250 Loans 238 + 16 - 22 Items in process of collection (665) 6,442 - 4,476 + 438 Bank premises 1,814 - 2 + 117 Other assets (5) 38,565 + 532 - 333 Total assets (665) 810,870 - 12,681 + 34,252 Liabilities Federal Reserve notes net of FR Bank holdings 729,691 - 2,826 + 28,564 Reverse repurchase agreements (6) 25,597 + 1,133 + 5,762 Deposits (0) 19,771 - 9,573 - 8,460 Depository institutions 14,577 - 9,847 - 7,854 U.S. Treasury, general account 4,790 + 246 - 579 Foreign official 100 + 18 + 19 Other (0) 304 + 9 - 45 Deferred availability cash items (665) 6,178 - 2,254 + 70 Other liabilities and accrued dividends (7) 3,269 + 44 + 883 Total liabilities (665) 784,507 - 13,475 + 26,820 Capital Accounts Capital paid in 13,369 + 430 + 4,118 Surplus 11,482 + 45 + 2,635 Other capital accounts 1,513 + 319 + 680 Total capital 26,363 + 794 + 7,432 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, July 13, 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 37 50,577 - 976 0 0 25,250 25,597 16 days to 90 days 201 166,206 + 935 0 0 0 0 91 days to 1 year 0 160,378 + 40 0 0 ------ ------ Over 1 to 5 years ------ 215,248 - 2 0 0 ------ ------ Over 5 to 10 years ------ 54,150 - 1 0 0 ------ ------ Over 10 years ------ 78,153 - 3 0 0 ------ ------ All 238 724,712 - 5 0 0 25,250 25,597 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 July 13, 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 612 15 34 30 48 51 84 96 36 18 46 63 90 Securities, repurchase agreements, and loans 750,201 37,078 312,629 25,709 30,616 55,308 56,078 65,345 22,523 15,212 20,517 35,697 73,489 Securities held outright 724,712 37,078 287,374 25,709 30,616 55,308 56,068 65,264 22,488 15,136 20,498 35,693 73,481 U.S. Treasury (1) 724,712 37,078 287,374 25,709 30,616 55,308 56,068 65,264 22,488 15,136 20,498 35,693 73,481 Bills (2) 265,015 13,559 105,088 9,401 11,196 20,225 20,503 23,866 8,224 5,535 7,496 13,052 26,871 Notes and bonds(3) 459,698 23,520 182,286 16,308 19,420 35,083 35,565 41,398 14,265 9,601 13,002 22,641 46,610 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,250 0 25,250 0 0 0 0 0 0 0 0 0 0 Loans 238 0 5 0 0 0 11 81 34 76 20 4 8 Items in process of collection 7,107 611 369 414 600 480 668 184 204 389 1,019 488 1,681 Bank premises 1,814 106 202 54 158 143 274 190 64 121 76 264 165 Other assets(5) 38,565 3,283 14,567 1,222 2,496 4,927 2,203 2,686 918 775 712 1,036 3,740 Interdistrict settlement account 0 - 1,892 -13,439 + 6,284 + 361 + 4,391 + 3,559 + 3,272 + 444 - 494 + 514 - 591 - 2,411 Total Assets 811,535 39,826 319,590 34,228 34,836 66,283 63,977 72,914 24,586 16,262 23,269 37,604 78,160 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 July 13, 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 870,267 39,399 335,861 36,942 35,126 66,991 81,239 76,117 25,463 16,567 25,457 43,051 88,052 Less: notes held by F.R. Banks 140,575 3,877 44,147 5,856 4,913 11,922 23,426 9,495 2,864 2,264 4,589 8,196 19,024 Federal Reserve notes, net 729,691 35,522 291,714 31,086 30,213 55,069 57,813 66,622 22,599 14,303 20,868 34,854 69,029 Reverse repurchase agreements (1) 25,597 1,310 10,150 908 1,081 1,954 1,980 2,305 794 535 724 1,261 2,595 Deposits 19,771 825 8,433 617 639 1,889 1,549 1,573 507 344 584 705 2,105 Depository institutions 14,577 817 3,390 616 634 1,768 1,547 1,570 504 343 583 704 2,101 U.S. Treasury, general account 4,790 0 4,790 0 0 0 0 0 0 0 0 0 0 Foreign official 100 5 72 1 4 7 2 3 1 1 1 0 4 Other 304 4 181 0 1 114 0 0 2 0 1 0 0 Deferred availability cash items 6,843 614 694 425 503 529 748 366 168 463 654 287 1,391 Other liabilities and accrued dividends (2) 3,269 177 1,104 129 166 305 274 313 129 99 106 174 295 Total liabilities 785,172 38,448 312,095 33,166 32,603 59,745 62,364 71,178 24,197 15,743 22,937 37,281 75,415 Capital Capital paid in 13,369 173 3,627 734 1,128 3,960 862 845 138 253 160 149 1,341 Surplus 11,482 1,205 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,513 0 439 35 40 431 235 127 16 11 19 39 121 Total liabilities and capital 811,535 39,826 319,590 34,228 34,836 66,283 63,977 72,914 24,586 16,262 23,269 37,604 78,160 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 Jul 13, 2005 Federal Reserve notes outstanding 870,267 Less: Notes held by F.R. Banks not subject to collateralization 140,575 Federal Reserve Notes to be collateralized 729,691 Collateral held against Federal Reserve notes 729,691 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 716,455 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 749,962 Less:face value of securities under reverse repurchase agreements 25,619 U.S. Treasury and agency securities eligible to be pledged 724,343 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.