FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 3, 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 Feb 2, 2005 Jan 26, 2005 Feb 4, 2004 Feb 2, 2005 Federal Reserve Banks Reserve Bank Credit 784,230 + 3,673 + 51,990 782,165 Securities held outright 717,855 + 28 + 50,593 717,898 U.S. Treasury (1) 717,855 + 28 + 50,593 717,898 Bills (2) 262,980 + 10 + 17,507 263,005 Notes and bonds, nominal (2) 435,143 - 1,286 + 28,970 433,429 Notes and bonds, inflation-indexed (2) 17,394 + 1,286 + 3,400 19,108 Inflation compensation (3) 2,337 + 18 + 715 2,356 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,321 + 4,428 + 3,107 24,250 Loans to depository institutions 61 - 16 + 38 83 Primary credit 42 - 13 + 32 71 Secondary credit 0 0 0 0 Seasonal credit 19 - 3 + 6 12 Float 67 - 1,092 - 267 -10 Other Federal Reserve assets 39,927 + 325 - 1,480 39,945 Gold stock 11,043 - 2 0 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,561 + 14 + 994 36,561 Total factors supplying reserve funds 834,034 + 3,685 + 52,985 831,969 Currency in circulation(5) 747,138 + 149 + 36,978 749,717 Reverse repurchase agreements (6) 26,805 - 648 + 6,224 27,872 Foreign official and international accounts 26,805 - 648 + 6,224 27,872 Dealers 0 0 0 0 Treasury cash holdings 272 - 20 - 84 291 Deposits with F.R.Banks, other than reserve balances 14,428 - 185 - 1,920 14,507 U.S. Treasury, general account 5,070 - 182 + 169 5,097 Foreign official 97 + 14 + 14 156 Service-related 8,945 - 3 - 1,999 8,945 Required clearing balances 8,945 - 2 - 1,669 8,945 Adjustments to compensate for float 0 - 2 - 330 0 Other 316 - 14 - 105 309 Other liabilities and capital 26,615 + 381 + 6,230 26,551 Total factors, other than reserve balances, absorbing reserve funds 815,258 - 323 + 47,429 818,937 Reserve balances with Federal Reserve Banks 18,775 + 4,007 + 5,555 13,032 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,346,495 - 875 + 229,545 1,344,370 U.S. Treasury 1,061,800 - 8,248 + 172,332 1,058,594 Federal agency 284,695 + 7,373 + 57,214 285,776 Securities lent to dealers 3,639 + 2,435 + 3,290 5,641 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 Feb 2, 2005 Jan 26, 2005 Feb 4, 2004 Assets Gold certificate account 11,038 - 3 0 Special drawing rights certificate account 2,200 0 0 Coin 806 + 21 - 52 Securities, repurchase agreements, and loans 742,231 - 4,415 + 51,666 Securities held outright 717,898 + 71 + 50,606 U.S. Treasury (1) 717,898 + 71 + 50,606 Bills (2) 263,005 + 35 + 17,500 Notes and bonds, nominal (2) 433,429 - 3,000 + 27,256 Notes and bonds, inflation-indexed (2) 19,108 + 3,000 + 5,114 Inflation compensation (3) 2,356 + 36 + 736 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,250 - 4,500 + 1,000 Loans 83 + 14 + 60 Items in process of collection (958) 7,946 + 1,742 - 935 Bank premises 1,781 + 3 + 137 Other assets (5) 40,366 + 157 + 511 Total assets (958) 806,368 - 2,494 + 51,327 Liabilities Federal Reserve notes net of FR Bank holdings 714,249 + 2,257 + 35,949 Reverse repurchase agreements (6) 27,872 - 3,202 + 7,446 Deposits (0) 29,741 - 3,627 + 2,234 Depository institutions 24,179 - 3,679 + 2,897 U.S. Treasury, general account 5,097 - 20 - 631 Foreign official 156 + 80 + 76 Other (0) 309 - 8 - 109 Deferred availability cash items (958) 7,956 + 1,796 - 626 Other liabilities and accrued dividends (7) 2,834 - 2 + 624 Total liabilities (958) 782,652 - 2,777 + 45,627 Capital Accounts Capital paid in 12,437 + 417 + 3,548 Surplus 10,996 + 2 + 2,149 Other capital accounts 283 - 137 + 3 Total capital 23,716 + 283 + 5,700 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, February 2, 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 74 55,168 - 2,582 0 0 24,250 27,872 16 days to 90 days 8 156,730 + 3,571 0 0 0 0 91 days to 1 year 0 167,654 - 2,027 0 0 ------ ------ Over 1 to 5 years ------ 207,754 - 1,930 0 0 ------ ------ Over 5 to 10 years ------ 51,786 0 0 0 ------ ------ Over 10 years ------ 78,806 + 3,038 0 0 ------ ------ All 83 717,898 + 70 0 0 24,250 27,872 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 February 2, 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 11,038 494 4,648 382 452 819 894 924 325 218 302 525 1,055 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 806 21 48 61 59 75 92 123 36 25 53 88 125 Securities, repurchase agreements, and loans 742,231 33,712 335,551 21,374 30,676 54,563 48,416 64,672 21,112 15,660 18,866 32,733 64,896 Securities held outright 717,898 33,711 311,290 21,352 30,676 54,563 48,413 64,667 21,091 15,658 18,865 32,733 64,879 U.S. Treasury (1) 717,898 33,711 311,290 21,352 30,676 54,563 48,413 64,667 21,091 15,658 18,865 32,733 64,879 Bills (2) 263,005 12,350 114,042 7,822 11,238 19,990 17,736 23,691 7,727 5,736 6,911 11,992 23,769 Notes and bonds(3) 454,893 21,361 197,248 13,530 19,438 34,574 30,677 40,976 13,364 9,922 11,954 20,741 41,110 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,250 0 24,250 0 0 0 0 0 0 0 0 0 0 Loans 83 2 11 22 0 0 3 5 21 2 1 0 17 Items in process of collection 8,904 467 515 388 743 426 1,135 617 362 530 627 406 2,689 Bank premises 1,781 101 197 53 157 143 275 165 63 122 82 256 167 Other assets(5) 40,366 3,427 15,734 1,083 2,664 5,251 2,128 2,823 944 824 715 1,001 3,770 Interdistrict settlement account 0 + 2,621 -23,837 + 4,169 - 1,028 + 2,203 + 8,841 + 642 + 1,592 - 763 + 1,645 + 1,334 + 2,580 Total Assets 807,326 40,958 333,730 27,594 33,826 63,628 61,947 70,178 24,506 16,646 22,356 36,440 75,515 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 February 2, 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 852,862 39,903 341,740 32,956 34,173 64,516 73,182 72,785 24,882 16,397 24,566 40,577 87,184 Less: notes held by F.R. Banks 138,613 4,842 42,157 8,178 5,456 12,431 17,944 9,490 2,682 1,942 4,736 7,158 21,597 Federal Reserve notes, net 714,249 35,061 299,583 24,778 28,717 52,085 55,239 63,295 22,201 14,455 19,830 33,419 65,587 Reverse repurchase agreements (1) 27,872 1,309 12,085 829 1,191 2,118 1,880 2,511 819 608 732 1,271 2,519 Deposits 29,741 1,146 13,114 714 1,200 3,841 2,534 1,945 513 365 900 915 2,554 Depository institutions 24,179 1,123 7,714 713 1,196 3,724 2,532 1,942 510 364 898 913 2,549 U.S. Treasury, general account 5,097 0 5,097 0 0 0 0 0 0 0 0 0 0 Foreign official 156 5 127 1 4 7 2 3 1 1 1 0 4 Other 309 17 176 0 0 110 0 1 2 0 1 1 0 Deferred availability cash items 8,914 716 952 570 620 628 1,105 561 194 623 489 409 2,047 Other liabilities and accrued dividends (2) 2,834 159 1,000 101 153 263 216 274 111 87 93 143 235 Total liabilities 783,610 38,391 326,736 26,992 31,880 58,936 60,973 68,585 23,837 16,138 22,044 36,156 72,942 Capital Capital paid in 12,437 1,638 3,430 297 1,091 2,538 426 787 400 253 155 135 1,288 Surplus 10,996 929 3,430 294 855 2,148 516 763 236 254 153 135 1,283 Other capital 283 0 135 11 0 6 32 42 34 1 4 14 4 Total liabilities and capital 807,326 40,958 333,730 27,594 33,826 63,628 61,947 70,178 24,506 16,646 22,356 36,440 75,515 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 Feb 2, 2005 Federal Reserve notes outstanding 852,862 Less: Notes held by F.R. Banks not subject to collateralization 138,613 Federal Reserve Notes to be collateralized 714,249 Collateral held against Federal Reserve notes 714,249 Gold certificate account 11,038 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 701,011 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 742,148 Less:face value of securities under reverse repurchase agreements 27,888 U.S. Treasury and agency securities eligible to be pledged 714,260 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.