FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 18, 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 Aug 17, 2005 Aug 10, 2005 Aug 18, 2004 Aug 17, 2005 Federal Reserve Banks Reserve Bank Credit 793,703 + 2,045 + 39,469 795,714 Securities held outright 726,345 + 1,643 + 32,304 727,339 U.S. Treasury (1) 726,345 + 1,643 + 32,304 727,339 Bills (2) 266,259 + 1,244 + 11,008 266,259 Notes and bonds, nominal (2) 437,771 + 397 + 15,941 438,764 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,782 + 2 + 684 2,783 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,857 + 893 + 6,321 28,500 Loans to depository institutions 445 + 176 + 199 1,234 Primary credit 155 + 153 + 143 924 Secondary credit 0 0 0 0 Seasonal credit 290 + 23 + 55 310 Float 23 + 377 + 415 752 Other Federal Reserve assets 40,032 - 1,045 + 229 37,890 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,699 + 14 + 550 36,699 Total factors supplying reserve funds 843,642 + 2,058 + 40,015 845,654 Currency in circulation(5) 764,087 - 509 + 29,023 764,950 Reverse repurchase agreements (6) 25,370 + 2,259 + 3,642 23,503 Foreign official and international accounts 25,370 + 2,259 + 3,642 23,503 Dealers 0 0 0 0 Treasury cash holdings 250 + 4 - 56 250 Deposits with F.R.Banks, other than reserve balances 14,334 - 175 - 1,094 15,185 U.S. Treasury, general account 4,805 - 184 + 349 5,669 Foreign official 94 + 2 - 17 78 Service-related 9,119 + 1 - 1,407 9,119 Required clearing balances 9,116 - 2 - 1,410 9,116 Adjustments to compensate for float 3 + 3 + 3 3 Other 316 + 6 - 20 319 Other liabilities and capital 30,893 + 213 + 8,928 30,553 Total factors, other than reserve balances, absorbing reserve funds 834,934 + 1,793 + 40,443 834,442 Reserve balances with Federal Reserve Banks 8,708 + 265 - 428 11,212 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,468,310 + 7,007 + 202,760 1,470,140 U.S. Treasury 1,099,496 + 7,207 + 74,053 1,101,010 Federal agency 368,814 - 200 + 128,707 369,130 Securities lent to dealers 4,259 + 778 + 3,174 3,176 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 Aug 17, 2005 Aug 10, 2005 Aug 18, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 644 + 8 - 110 Securities, repurchase agreements, and loans 757,073 + 7,585 + 45,571 Securities held outright 727,339 + 2,636 + 32,579 U.S. Treasury (1) 727,339 + 2,636 + 32,579 Bills (2) 266,259 + 1,244 + 11,005 Notes and bonds, nominal (2) 438,764 + 1,390 + 16,223 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,783 + 2 + 681 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,500 + 4,000 + 12,000 Loans 1,234 + 949 + 993 Items in process of collection (1,508) 7,052 + 1,127 + 1,481 Bank premises 1,829 + 2 + 118 Other assets (5) 36,107 - 3,419 + 109 Total assets (1,508) 815,942 + 5,304 + 47,167 Liabilities Federal Reserve notes net of FR Bank holdings 729,141 - 881 + 28,228 Reverse repurchase agreements (6) 23,503 - 137 + 2,129 Deposits (0) 26,443 + 6,015 + 7,378 Depository institutions 20,377 + 6,086 + 6,376 U.S. Treasury, general account 5,669 - 10 + 1,004 Foreign official 78 - 78 - 26 Other (0) 319 + 17 + 25 Deferred availability cash items (1,508) 6,301 + 147 + 561 Other liabilities and accrued dividends (7) 3,464 + 52 + 944 Total liabilities (1,508) 788,853 + 5,198 + 39,241 Capital Accounts Capital paid in 13,441 + 34 + 4,179 Surplus 11,629 + 29 + 2,782 Other capital accounts 2,019 + 42 + 965 Total capital 27,089 + 106 + 7,926 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, August 17, 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 1,193 58,275 + 2,874 0 0 28,500 23,503 16 days to 90 days 41 158,012 - 373 0 0 0 0 91 days to 1 year 0 169,507 - 2,786 0 0 ------ ------ Over 1 to 5 years ------ 212,630 + 5,042 0 0 ------ ------ Over 5 to 10 years ------ 51,932 - 956 0 0 ------ ------ Over 10 years ------ 76,983 - 1,166 0 0 ------ ------ All 1,234 727,339 + 2,636 0 0 28,500 23,503 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 August 17, 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 644 14 34 28 49 58 98 87 37 16 51 75 97 Securities, repurchase agreements, and loans 757,073 37,663 316,915 25,802 31,029 55,508 56,280 65,765 22,633 15,281 20,612 35,829 73,756 Securities held outright 727,339 37,213 288,415 25,802 30,726 55,508 56,271 65,500 22,570 15,191 20,572 35,823 73,748 U.S. Treasury (1) 727,339 37,213 288,415 25,802 30,726 55,508 56,271 65,500 22,570 15,191 20,572 35,823 73,748 Bills (2) 266,259 13,623 105,581 9,445 11,248 20,320 20,599 23,978 8,262 5,561 7,531 13,114 26,997 Notes and bonds(3) 461,080 23,590 182,834 16,357 19,478 35,188 35,672 41,522 14,308 9,630 13,041 22,709 46,751 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,500 0 28,500 0 0 0 0 0 0 0 0 0 0 Loans 1,234 450 0 0 302 0 9 265 63 90 40 7 8 Items in process of collection 8,560 530 551 480 816 511 1,205 328 309 342 904 709 1,876 Bank premises 1,829 107 206 54 156 143 273 200 66 120 76 263 165 Other assets(5) 36,107 3,198 13,598 1,048 2,423 4,781 1,954 2,460 860 727 649 906 3,502 Interdistrict settlement account 0 - 2,820 -16,815 + 6,665 + 473 + 5,873 + 5,367 + 2,759 + 256 - 647 + 216 - 2,818 + 1,491 Total Assets 817,450 39,317 319,719 34,592 35,502 67,858 66,287 72,739 24,560 16,081 22,893 35,610 82,293 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 August 17, 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 882,181 39,567 333,015 37,498 35,719 67,765 81,865 77,041 26,002 16,691 25,854 47,672 93,491 Less: notes held by F.R. Banks 153,040 4,831 42,720 6,315 5,432 13,230 23,286 10,818 3,310 2,568 5,264 14,924 20,342 Federal Reserve notes, net 729,141 34,737 290,295 31,183 30,287 54,535 58,579 66,223 22,692 14,123 20,589 32,748 73,150 Reverse repurchase agreements (1) 23,503 1,203 9,320 834 993 1,794 1,818 2,117 729 491 665 1,158 2,383 Deposits 26,443 1,082 10,646 682 866 3,803 3,016 1,919 456 384 568 713 2,309 Depository institutions 20,377 1,069 4,755 681 861 3,662 3,014 1,916 453 383 566 712 2,304 U.S. Treasury, general account 5,669 0 5,669 0 0 0 0 0 0 0 0 0 0 Foreign official 78 5 50 1 4 7 2 3 1 1 1 0 4 Other 319 8 171 0 1 133 0 0 2 0 1 0 0 Deferred availability cash items 7,809 586 784 604 900 624 809 389 162 475 604 487 1,385 Other liabilities and accrued dividends (2) 3,464 184 1,177 137 177 335 284 326 132 102 114 181 315 Total liabilities 790,361 37,791 312,221 33,440 33,222 61,091 64,507 70,973 24,172 15,575 22,540 35,287 79,542 Capital Capital paid in 13,441 173 3,645 742 1,129 3,970 869 861 138 243 170 150 1,351 Surplus 11,629 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,019 0 423 117 86 648 396 142 14 9 29 39 118 Total liabilities and capital 817,450 39,317 319,719 34,592 35,502 67,858 66,287 72,739 24,560 16,081 22,893 35,610 82,293 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 Aug 17, 2005 Federal Reserve notes outstanding 882,181 Less: Notes held by F.R. Banks not subject to collateralization 153,040 Federal Reserve Notes to be collateralized 729,141 Collateral held against Federal Reserve notes 729,141 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 715,904 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 755,839 Less:face value of securities under reverse repurchase agreements 23,525 U.S. Treasury and agency securities eligible to be pledged 732,314 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.