FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 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 Apr 13, 2005 Apr 6, 2005 Apr 14, 2004 Apr 13, 2005 Federal Reserve Banks Reserve Bank Credit 781,422 - 2,009 + 41,207 786,405 Securities held outright 717,369 + 28 + 42,849 717,380 U.S. Treasury (1) 717,369 + 28 + 42,849 717,380 Bills (2) 263,005 0 + 16,063 263,005 Notes and bonds, nominal (2) 432,885 0 + 21,497 432,885 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,371 + 29 + 646 2,381 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,893 - 2,250 - 2,836 28,250 Loans to depository institutions 280 + 211 + 195 76 Primary credit 211 + 199 + 178 0 Secondary credit 0 0 0 0 Seasonal credit 68 + 11 + 16 76 Float -117 - 371 + 348 -597 Other Federal Reserve assets 40,997 + 373 + 650 41,295 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,630 + 14 + 836 36,630 Total factors supplying reserve funds 831,293 - 1,994 + 42,039 836,276 Currency in circulation(5) 754,232 - 348 + 36,624 755,122 Reverse repurchase agreements (6) 23,423 + 308 + 3,287 22,758 Foreign official and international accounts 23,423 + 308 + 3,287 22,758 Dealers 0 0 0 0 Treasury cash holdings 276 - 7 - 69 270 Deposits with F.R.Banks, other than reserve balances 15,058 - 190 - 1,088 14,829 U.S. Treasury, general account 5,175 - 121 + 17 4,926 Foreign official 80 - 31 - 3 80 Service-related 9,514 0 - 1,053 9,514 Required clearing balances 9,514 0 - 1,052 9,514 Adjustments to compensate for float 0 0 - 2 0 Other 288 - 38 - 50 308 Other liabilities and capital 28,328 + 466 + 7,772 28,346 Total factors, other than reserve balances, absorbing reserve funds 821,317 + 229 + 46,526 821,325 Reserve balances with Federal Reserve Banks 9,976 - 2,223 - 4,487 14,951 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,389,289 - 730 + 208,911 1,387,635 U.S. Treasury 1,080,019 - 1,797 + 130,444 1,076,969 Federal agency 309,270 + 1,067 + 78,467 310,666 Securities lent to dealers 571 - 2,408 - 388 21 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 13, 2005 Apr 6, 2005 Apr 14, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 725 + 5 - 109 Securities, repurchase agreements, and loans 745,706 + 8,289 + 41,203 Securities held outright 717,380 + 29 + 42,663 U.S. Treasury (1) 717,380 + 29 + 42,663 Bills (2) 263,005 0 + 15,873 Notes and bonds, nominal (2) 432,885 0 + 21,497 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,381 + 29 + 648 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,250 + 8,250 - 1,450 Loans 76 + 11 - 10 Items in process of collection (1,032) 6,877 - 472 + 1,156 Bank premises 1,803 + 1 + 141 Other assets (5) 39,208 + 562 + 564 Total assets (1,032) 807,557 + 8,387 + 42,952 Liabilities Federal Reserve notes net of FR Bank holdings 719,483 - 841 + 35,219 Reverse repurchase agreements (6) 22,758 - 228 + 3,288 Deposits (0) 29,496 + 8,793 - 4,562 Depository institutions 24,181 + 8,390 - 4,541 U.S. Treasury, general account 4,926 + 396 + 24 Foreign official 80 - 2 - 5 Other (0) 308 + 8 - 42 Deferred availability cash items (1,032) 7,474 + 55 + 977 Other liabilities and accrued dividends (7) 3,278 + 47 + 1,009 Total liabilities (1,032) 782,490 + 7,826 + 35,931 Capital Accounts Capital paid in 12,724 + 139 + 3,741 Surplus 11,229 + 64 + 2,462 Other capital accounts 1,114 + 357 + 818 Total capital 25,067 + 560 + 7,021 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 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 9 47,907 + 895 0 0 28,250 22,758 16 days to 90 days 68 169,735 - 556 0 0 0 0 91 days to 1 year 0 159,979 - 339 0 0 ------ ------ Over 1 to 5 years ------ 212,493 + 11 0 0 ------ ------ Over 5 to 10 years ------ 50,294 + 5 0 0 ------ ------ Over 10 years ------ 76,971 + 12 0 0 ------ ------ All 76 717,380 + 29 0 0 28,250 22,758 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 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 725 24 44 64 56 56 72 124 37 27 49 61 110 Securities, repurchase agreements, and loans 745,706 36,705 312,716 25,449 30,306 54,748 55,500 64,645 22,267 15,004 20,296 35,333 72,738 Securities held outright 717,380 36,703 284,466 25,449 30,306 54,748 55,500 64,603 22,261 14,983 20,291 35,332 72,738 U.S. Treasury (1) 717,380 36,703 284,466 25,449 30,306 54,748 55,500 64,603 22,261 14,983 20,291 35,332 72,738 Bills (2) 263,005 13,456 104,291 9,330 11,111 20,072 20,347 23,685 8,161 5,493 7,439 12,953 26,667 Notes and bonds(3) 454,375 23,247 180,175 16,119 19,195 34,676 35,153 40,919 14,100 9,490 12,852 22,379 46,071 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,250 0 28,250 0 0 0 0 0 0 0 0 0 0 Loans 76 1 0 0 0 0 0 42 6 21 5 1 0 Items in process of collection 7,910 335 204 350 956 502 917 425 301 383 728 369 2,439 Bank premises 1,803 103 200 53 157 143 275 175 61 122 84 264 166 Other assets(5) 39,208 3,406 14,719 1,174 2,581 5,107 2,228 2,724 933 788 717 1,014 3,817 Interdistrict settlement account 0 + 1,565 - 3,908 + 3,172 + 713 + 3,184 + 178 + 1,770 + 159 + 214 - 369 - 2,615 - 4,063 Total Assets 808,590 42,764 329,205 30,777 35,326 64,723 60,281 71,003 24,155 16,780 21,889 35,073 76,613 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 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 854,720 39,997 338,676 35,647 35,525 65,664 74,149 73,023 24,661 16,353 24,252 40,000 86,773 Less: notes held by F.R. Banks 135,237 4,584 38,751 7,633 5,257 12,532 20,705 8,781 3,009 1,729 4,662 7,592 20,003 Federal Reserve notes, net 719,483 35,412 299,925 28,014 30,269 53,133 53,444 64,242 21,652 14,624 19,590 32,408 66,770 Reverse repurchase agreements (1) 22,758 1,164 9,024 807 961 1,737 1,761 2,049 706 475 644 1,121 2,307 Deposits 29,496 2,679 11,073 694 1,214 4,086 2,517 2,170 567 466 674 661 2,695 Depository institutions 24,181 2,670 5,910 693 1,209 3,965 2,515 2,167 563 465 673 660 2,691 U.S. Treasury, general account 4,926 0 4,926 0 0 0 0 0 0 0 0 0 0 Foreign official 80 5 52 1 4 7 2 3 1 1 1 0 4 Other 308 4 184 0 1 114 0 0 3 0 1 0 0 Deferred availability cash items 8,506 702 828 517 625 537 1,304 550 187 594 551 399 1,713 Other liabilities and accrued dividends (2) 3,278 195 1,085 125 179 320 262 308 131 100 107 166 300 Total liabilities 783,522 40,153 321,936 30,157 33,248 59,813 59,287 69,320 23,244 16,260 21,566 34,755 73,785 Capital Capital paid in 12,724 1,554 3,503 300 1,099 2,545 428 818 537 254 155 147 1,384 Surplus 11,229 1,038 3,430 294 979 2,148 516 763 236 254 153 135 1,283 Other capital 1,114 19 336 26 0 218 50 102 138 11 15 36 161 Total liabilities and capital 808,590 42,764 329,205 30,777 35,326 64,723 60,281 71,003 24,155 16,780 21,889 35,073 76,613 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 13, 2005 Federal Reserve notes outstanding 854,720 Less: Notes held by F.R. Banks not subject to collateralization 135,237 Federal Reserve Notes to be collateralized 719,483 Collateral held against Federal Reserve notes 719,483 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 706,247 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 745,630 Less:face value of securities under reverse repurchase agreements 22,774 U.S. Treasury and agency securities eligible to be pledged 722,856 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.