FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 9, 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 Jun 8, 2005 Jun 1, 2005 Jun 9, 2004 Jun 8, 2005 Federal Reserve Banks Reserve Bank Credit 790,003 - 2,469 + 43,594 795,604 Securities held outright 725,448 + 883 + 42,382 725,460 U.S. Treasury (1) 725,448 + 883 + 42,382 725,460 Bills (2) 265,015 + 250 + 13,111 265,015 Notes and bonds, nominal (2) 438,678 + 600 + 23,876 438,678 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,646 + 32 + 751 2,659 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,500 - 4,214 + 679 30,500 Loans to depository institutions 152 - 4 - 6 149 Primary credit 2 - 9 - 30 0 Secondary credit 0 0 0 0 Seasonal credit 150 + 5 + 24 149 Float -298 + 700 - 192 30 Other Federal Reserve assets 39,201 + 166 + 731 39,464 Gold stock 11,042 0 - 3 11,042 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,615 + 14 + 662 36,615 Total factors supplying reserve funds 839,859 - 2,456 + 44,252 845,460 Currency in circulation(5) 761,163 + 660 + 34,810 761,426 Reverse repurchase agreements (6) 24,343 - 782 + 4,039 23,956 Foreign official and international accounts 24,343 - 782 + 4,039 23,956 Dealers 0 0 0 0 Treasury cash holdings 287 + 10 - 36 282 Deposits with F.R.Banks, other than reserve balances 14,032 - 93 - 1,183 14,069 U.S. Treasury, general account 4,778 - 149 + 80 4,626 Foreign official 104 + 20 + 12 112 Service-related 8,830 - 1 - 1,314 8,830 Required clearing balances 8,830 - 1 - 1,314 8,830 Adjustments to compensate for float 0 0 0 0 Other 321 + 37 + 39 501 Other liabilities and capital 29,248 - 49 + 7,663 29,393 Total factors, other than reserve balances, absorbing reserve funds 829,073 - 253 + 45,292 829,126 Reserve balances with Federal Reserve Banks 10,786 - 2,203 - 1,040 16,334 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,431,637 + 5,340 + 203,489 1,435,046 U.S. Treasury 1,088,816 + 3,837 + 95,325 1,090,777 Federal agency 342,821 + 1,503 + 108,165 344,269 Securities lent to dealers 4,399 - 41 + 2,860 2,388 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 Jun 8, 2005 Jun 1, 2005 Jun 9, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 612 + 10 - 114 Securities, repurchase agreements, and loans 756,110 - 960 + 41,771 Securities held outright 725,460 + 34 + 41,528 U.S. Treasury (1) 725,460 + 34 + 41,528 Bills (2) 265,015 0 + 13,107 Notes and bonds, nominal (2) 438,678 0 + 23,019 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,659 + 34 + 759 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,500 - 1,000 + 250 Loans 149 + 5 - 8 Items in process of collection (1,137) 6,737 - 2,778 + 388 Bank premises 1,821 + 4 + 136 Other assets (5) 37,600 + 574 + 769 Total assets (1,137) 816,117 - 3,151 + 42,946 Liabilities Federal Reserve notes net of FR Bank holdings 725,701 - 764 + 33,769 Reverse repurchase agreements (6) 23,956 - 776 + 4,014 Deposits (0) 30,360 - 605 - 3,238 Depository institutions 25,122 - 1,409 - 2,929 U.S. Treasury, general account 4,626 + 587 - 589 Foreign official 112 + 32 + 27 Other (0) 501 + 187 + 254 Deferred availability cash items (1,137) 6,706 - 1,698 + 225 Other liabilities and accrued dividends (7) 3,501 + 93 + 1,026 Total liabilities (1,137) 790,225 - 3,748 + 35,797 Capital Accounts Capital paid in 12,904 + 10 + 3,703 Surplus 11,440 + 76 + 2,593 Other capital accounts 1,548 + 511 + 853 Total capital 25,892 + 597 + 7,149 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, June 8, 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 22 54,615 - 1,086 0 0 30,500 23,956 16 days to 90 days 127 162,630 + 8,766 0 0 0 0 91 days to 1 year 0 159,891 - 7,680 0 0 ------ ------ Over 1 to 5 years ------ 216,538 + 13 0 0 ------ ------ Over 5 to 10 years ------ 53,764 + 6 0 0 ------ ------ Over 10 years ------ 78,023 + 15 0 0 ------ ------ All 149 725,460 + 34 0 0 30,500 23,956 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 June 8, 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 21 35 47 46 45 77 105 33 20 44 48 91 Securities, repurchase agreements, and loans 756,110 37,117 318,170 25,735 30,647 55,365 56,128 65,403 22,529 15,194 20,530 35,733 73,559 Securities held outright 725,460 37,117 287,670 25,735 30,647 55,365 56,125 65,331 22,512 15,152 20,519 35,730 73,557 U.S. Treasury (1) 725,460 37,117 287,670 25,735 30,647 55,365 56,125 65,331 22,512 15,152 20,519 35,730 73,557 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) 460,446 23,558 182,583 16,334 19,452 35,140 35,623 41,465 14,288 9,617 13,023 22,678 46,686 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,500 0 30,500 0 0 0 0 0 0 0 0 0 0 Loans 149 0 0 0 0 0 3 71 17 42 11 3 2 Items in process of collection 7,874 502 365 374 591 602 1,082 368 249 331 625 446 2,339 Bank premises 1,821 105 202 54 157 143 274 187 63 121 86 264 166 Other assets(5) 37,600 3,280 14,120 1,181 2,492 4,915 2,103 2,587 882 752 676 964 3,648 Interdistrict settlement account 0 - 303 - 5,857 + 4,815 + 923 + 1,974 + 2,912 + 2,763 + 310 - 459 + 2 - 3,599 - 3,480 Total Assets 817,254 41,346 332,265 32,721 35,412 64,026 63,688 72,553 24,463 16,202 22,346 34,503 77,729 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 June 8, 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 862,938 39,537 337,605 36,621 35,256 66,407 79,366 75,607 24,953 16,336 24,634 39,857 86,760 Less: notes held by F.R. Banks 137,237 4,161 40,782 6,792 5,152 11,986 22,637 9,529 2,783 2,013 4,573 8,170 18,659 Federal Reserve notes, net 725,701 35,377 296,823 29,829 30,104 54,421 56,729 66,078 22,170 14,322 20,060 31,687 68,101 Reverse repurchase agreements (1) 23,956 1,226 9,500 850 1,012 1,828 1,853 2,157 743 500 678 1,180 2,429 Deposits 30,360 1,206 16,458 618 1,180 1,806 2,549 1,842 594 336 683 732 2,357 Depository institutions 25,122 1,199 11,350 617 1,176 1,704 2,547 1,839 591 335 681 732 2,353 U.S. Treasury, general account 4,626 0 4,626 0 0 0 0 0 0 0 0 0 0 Foreign official 112 5 83 1 4 7 2 3 1 1 1 0 4 Other 501 2 398 0 0 95 0 0 2 0 2 0 0 Deferred availability cash items 7,843 594 821 657 716 528 886 413 138 421 488 406 1,774 Other liabilities and accrued dividends (2) 3,501 216 1,161 132 188 356 282 327 132 103 110 177 318 Total liabilities 791,362 38,618 324,763 32,085 33,200 58,939 62,299 70,817 23,777 15,682 22,019 34,182 74,979 Capital Capital paid in 12,904 1,562 3,618 308 1,127 2,552 665 845 330 253 156 148 1,340 Surplus 11,440 1,164 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,548 2 455 33 21 387 208 127 120 13 18 38 126 Total liabilities and capital 817,254 41,346 332,265 32,721 35,412 64,026 63,688 72,553 24,463 16,202 22,346 34,503 77,729 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 Jun 8, 2005 Federal Reserve notes outstanding 862,938 Less: Notes held by F.R. Banks not subject to collateralization 137,237 Federal Reserve Notes to be collateralized 725,701 Collateral held against Federal Reserve notes 725,701 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 712,463 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 755,960 Less:face value of securities under reverse repurchase agreements 23,974 U.S. Treasury and agency securities eligible to be pledged 731,986 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.