FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 17, 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 Nov 16, 2005 Nov 9, 2005 Nov 17, 2004 Nov 16, 2005 Federal Reserve Banks Reserve Bank Credit 808,873 + 9,549 + 30,292 803,830 Securities held outright 742,075 + 1,039 + 32,807 742,878 U.S. Treasury (1) 742,075 + 1,039 + 32,807 742,878 Bills (2) 271,018 + 199 + 11,286 271,018 Notes and bonds, nominal (2) 447,906 + 771 + 16,236 448,688 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 19,983 Inflation compensation (3) 3,168 + 70 + 986 3,188 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,607 + 7,750 - 1,500 20,000 Loans to depository institutions 152 + 33 - 359 107 Primary credit 46 + 43 - 385 7 Secondary credit 0 0 0 0 Seasonal credit 106 - 10 + 26 100 Float 1,697 + 1,462 + 946 3,962 Other Federal Reserve assets 39,343 - 735 - 1,600 36,883 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 + 114 36,513 Total factors supplying reserve funds 858,627 + 9,563 + 30,403 853,583 Currency in circulation(5) 776,271 + 5,351 + 27,809 776,870 Reverse repurchase agreements (6) 25,557 + 598 - 1,792 25,318 Foreign official and international accounts 25,557 + 598 - 1,792 25,318 Dealers 0 0 0 0 Treasury cash holdings 219 - 6 - 81 211 Deposits with F.R.Banks, other than reserve balances 13,713 - 424 - 1,496 13,599 U.S. Treasury, general account 4,522 - 480 - 302 4,416 Foreign official 88 + 3 - 5 81 Service-related 8,841 + 60 - 1,121 8,841 Required clearing balances 8,825 + 44 - 1,137 8,825 Adjustments to compensate for float 16 + 16 + 16 16 Other 262 - 8 - 69 261 Other liabilities and capital 31,741 + 167 + 7,199 31,550 Total factors, other than reserve balances, absorbing reserve funds 847,502 + 5,686 + 31,640 847,547 Reserve balances with Federal Reserve Banks 11,125 + 3,877 - 1,237 6,036 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,488,059 + 10,246 + 174,350 1,495,310 U.S. Treasury 1,090,845 + 6,911 + 28,572 1,096,777 Federal agency 397,214 + 3,335 + 145,778 398,533 Securities lent to dealers 2,989 - 1,354 + 963 3,801 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 Nov 16, 2005 Nov 9, 2005 Nov 17, 2004 Assets Gold certificate account 11,036 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 728 - 2 - 28 Securities, repurchase agreements, and loans 762,985 - 3,363 + 28,769 Securities held outright 742,878 + 1,161 + 32,744 U.S. Treasury (1) 742,878 + 1,161 + 32,744 Bills (2) 271,018 0 + 11,279 Notes and bonds, nominal (2) 448,688 + 1,096 + 16,162 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 Inflation compensation (3) 3,188 + 66 + 1,002 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,000 - 4,500 - 4,000 Loans 107 - 24 + 25 Items in process of collection (1,189) 11,969 + 4,862 + 3,741 Bank premises 1,841 - 1 + 94 Other assets (5) 35,126 - 3,162 - 2,197 Total assets (1,189) 825,885 - 1,667 + 30,376 Liabilities Federal Reserve notes net of FR Bank holdings 741,291 + 1,681 + 27,755 Reverse repurchase agreements (6) 25,318 + 297 - 2,411 Deposits (0) 19,718 - 5,459 - 2,347 Depository institutions 14,961 - 4,482 - 1,864 U.S. Treasury, general account 4,416 - 972 - 435 Foreign official 81 - 2 - 4 Other (0) 261 - 3 - 43 Deferred availability cash items (1,189) 8,008 + 1,610 + 736 Other liabilities and accrued dividends (7) 4,149 + 52 + 1,223 Total liabilities (1,189) 798,484 - 1,820 + 24,955 Capital Accounts Capital paid in 13,458 + 12 + 1,912 Surplus 11,630 + 5 + 2,783 Other capital accounts 2,314 + 137 + 726 Total capital 27,402 + 154 + 5,421 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, November 16, 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 105 56,097 + 15,131 0 0 20,000 25,318 16 days to 90 days 2 152,030 - 23,558 0 0 0 0 91 days to 1 year 0 191,259 + 8,318 0 0 ------ ------ Over 1 to 5 years ------ 209,687 - 990 0 0 ------ ------ Over 5 to 10 years ------ 53,440 + 11 0 0 ------ ------ Over 10 years ------ 80,365 + 2,248 0 0 ------ ------ All 107 742,878 + 1,161 0 0 20,000 25,318 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 November 16, 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 11,036 510 4,354 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 728 29 54 49 54 63 100 76 36 22 61 72 112 Securities, repurchase agreements, and loans 762,985 38,008 314,577 26,356 31,383 56,694 57,476 66,932 23,072 15,541 21,029 36,591 75,326 Securities held outright 742,878 38,008 294,577 26,353 31,383 56,694 57,473 66,900 23,052 15,516 21,012 36,588 75,323 U.S. Treasury (1) 742,878 38,008 294,577 26,353 31,383 56,694 57,473 66,900 23,052 15,516 21,012 36,588 75,323 Bills (2) 271,018 13,866 107,468 9,614 11,449 20,683 20,967 24,406 8,410 5,660 7,666 13,348 27,480 Notes and bonds(3) 471,860 24,142 187,109 16,739 19,934 36,011 36,506 42,493 14,642 9,855 13,346 23,240 47,844 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 107 0 0 3 0 0 3 32 20 26 18 3 3 Items in process of collection 13,158 526 641 841 843 772 3,704 778 527 480 1,132 570 2,345 Bank premises 1,841 108 204 53 157 143 271 209 69 120 80 262 164 Other assets(5) 35,126 3,057 13,318 962 2,322 4,564 1,907 2,399 938 702 628 896 3,433 Interdistrict settlement account 0 - 3,394 -20,397 + 6,168 + 427 + 4,566 + 759 + 1,047 - 160 - 383 + 189 - 3,875 +15,051 Total Assets 827,074 38,960 313,625 34,945 35,744 67,785 65,328 72,580 24,879 16,724 23,504 35,163 97,838 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 November 16, 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 898,033 38,977 329,738 37,460 36,485 68,856 80,846 76,990 26,398 17,305 26,230 48,954 109,795 Less: notes held by F.R. Banks 156,742 4,519 44,963 6,106 5,527 12,841 22,577 10,494 3,545 2,685 5,336 16,989 21,160 Federal Reserve notes, net 741,291 34,458 284,775 31,354 30,958 56,015 58,269 66,495 22,853 14,620 20,894 31,965 88,635 Reverse repurchase agreements (1) 25,318 1,295 10,040 898 1,070 1,932 1,959 2,280 786 529 716 1,247 2,567 Deposits 19,718 602 8,877 529 838 1,713 1,839 1,250 480 297 594 687 2,013 Depository institutions 14,961 587 4,248 528 833 1,622 1,837 1,247 476 296 592 686 2,009 U.S. Treasury, general account 4,416 0 4,416 0 0 0 0 0 0 0 0 0 0 Foreign official 81 5 53 1 4 7 2 3 1 1 1 0 4 Other 261 10 161 0 1 84 0 0 3 0 1 0 0 Deferred availability cash items 9,197 717 989 657 590 743 1,143 393 207 657 815 733 1,550 Other liabilities and accrued dividends (2) 4,149 213 1,431 167 212 438 332 373 149 116 129 207 382 Total liabilities 799,673 37,285 306,112 33,606 33,667 60,841 63,542 70,792 24,475 16,219 23,149 34,839 95,147 Capital Capital paid in 13,458 317 3,661 746 1,010 3,940 873 874 143 245 172 149 1,328 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,314 5 423 299 2 855 397 151 26 6 30 40 80 Total liabilities and capital 827,074 38,960 313,625 34,945 35,744 67,785 65,328 72,580 24,879 16,724 23,504 35,163 97,838 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 Nov 16, 2005 Federal Reserve notes outstanding 898,033 Less: Notes held by F.R. Banks not subject to collateralization 156,742 Federal Reserve Notes to be collateralized 741,291 Collateral held against Federal Reserve notes 741,291 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 728,054 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 762,878 Less:face value of securities under reverse repurchase agreements 25,461 U.S. Treasury and agency securities eligible to be pledged 737,417 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.