FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 25, 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 24, 2005 Aug 17, 2005 Aug 25, 2004 Aug 24, 2005 Federal Reserve Banks Reserve Bank Credit 791,441 - 2,267 + 36,236 793,765 Securities held outright 728,553 + 2,208 + 33,759 729,579 U.S. Treasury (1) 728,553 + 2,208 + 33,759 729,579 Bills (2) 267,329 + 1,070 + 12,048 267,508 Notes and bonds, nominal (2) 438,905 + 1,134 + 16,364 439,752 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,785 + 3 + 675 2,786 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,107 - 1,750 + 2,321 26,000 Loans to depository institutions 333 - 112 + 92 346 Primary credit 16 - 139 + 10 12 Secondary credit 0 0 0 0 Seasonal credit 317 + 27 + 83 334 Float -522 - 544 - 61 -338 Other Federal Reserve assets 37,970 - 2,068 + 125 38,178 Gold stock 11,041 0 - 3 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,713 + 14 + 533 36,713 Total factors supplying reserve funds 841,394 - 2,254 + 36,766 843,719 Currency in circulation(5) 763,040 - 1,047 + 28,599 763,730 Reverse repurchase agreements (6) 24,037 - 1,333 + 3,070 24,114 Foreign official and international accounts 24,037 - 1,333 + 3,070 24,114 Dealers 0 0 0 0 Treasury cash holdings 253 + 3 - 68 267 Deposits with F.R.Banks, other than reserve balances 14,304 - 30 - 1,129 13,699 U.S. Treasury, general account 5,181 + 376 + 392 4,603 Foreign official 87 - 7 - 15 80 Service-related 8,720 - 399 - 1,487 8,720 Required clearing balances 8,720 - 396 - 1,487 8,720 Adjustments to compensate for float 0 - 3 0 0 Other 316 0 - 20 296 Other liabilities and capital 30,787 - 106 + 8,347 30,609 Total factors, other than reserve balances, absorbing reserve funds 832,421 - 2,513 + 38,817 832,418 Reserve balances with Federal Reserve Banks 8,974 + 260 - 2,051 11,301 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,465,802 - 2,508 + 188,133 1,467,743 U.S. Treasury 1,096,177 - 3,319 + 60,234 1,096,406 Federal agency 369,625 + 811 + 127,898 371,337 Securities lent to dealers 1,817 - 2,442 + 1,050 3,134 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 24, 2005 Aug 17, 2005 Aug 25, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 650 + 6 - 114 Securities, repurchase agreements, and loans 755,925 - 1,148 + 36,349 Securities held outright 729,579 + 2,240 + 34,739 U.S. Treasury (1) 729,579 + 2,240 + 34,739 Bills (2) 267,508 + 1,249 + 12,186 Notes and bonds, nominal (2) 439,752 + 988 + 17,211 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,786 + 3 + 672 Federal agency (2) 0 0 0 Repurchase agreements (4) 26,000 - 2,500 + 1,500 Loans 346 - 888 + 110 Items in process of collection (1,002) 5,488 - 1,564 + 273 Bank premises 1,832 + 3 + 114 Other assets (5) 36,395 + 288 + 273 Total assets (1,002) 813,527 - 2,415 + 36,893 Liabilities Federal Reserve notes net of FR Bank holdings 727,930 - 1,211 + 27,508 Reverse repurchase agreements (6) 24,114 + 611 + 3,192 Deposits (0) 25,048 - 1,395 - 2,160 Depository institutions 20,069 - 308 - 2,959 U.S. Treasury, general account 4,603 - 1,066 + 935 Foreign official 80 + 2 - 149 Other (0) 296 - 23 + 13 Deferred availability cash items (1,002) 5,826 - 475 + 301 Other liabilities and accrued dividends (7) 3,568 + 104 + 976 Total liabilities (1,002) 786,487 - 2,366 + 29,818 Capital Accounts Capital paid in 13,441 0 + 2,989 Surplus 11,630 + 1 + 2,796 Other capital accounts 1,969 - 50 + 1,291 Total capital 27,040 - 49 + 7,075 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 24, 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 285 59,238 + 963 0 0 26,000 24,114 16 days to 90 days 62 156,724 - 1,288 0 0 0 0 91 days to 1 year 0 171,081 + 1,574 0 0 ------ ------ Over 1 to 5 years ------ 213,119 + 489 0 0 ------ ------ Over 5 to 10 years ------ 52,433 + 501 0 0 ------ ------ Over 10 years ------ 76,984 + 1 0 0 ------ ------ All 346 729,579 + 2,240 0 0 26,000 24,114 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 24, 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 650 15 36 29 49 56 100 88 37 17 53 74 96 Securities, repurchase agreements, and loans 755,925 37,327 315,306 25,885 30,821 55,679 56,459 65,807 22,710 15,330 20,677 35,940 73,983 Securities held outright 729,579 37,327 289,303 25,881 30,821 55,679 56,444 65,702 22,639 15,238 20,636 35,933 73,975 U.S. Treasury (1) 729,579 37,327 289,303 25,881 30,821 55,679 56,444 65,702 22,639 15,238 20,636 35,933 73,975 Bills (2) 267,508 13,687 106,076 9,490 11,301 20,415 20,696 24,090 8,301 5,587 7,566 13,175 27,124 Notes and bonds(3) 462,071 23,641 183,227 16,392 19,520 35,264 35,748 41,612 14,338 9,651 13,069 22,758 46,851 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 26,000 0 26,000 0 0 0 0 0 0 0 0 0 0 Loans 346 0 3 4 0 0 15 105 70 93 41 7 8 Items in process of collection 6,490 295 263 327 247 504 1,192 341 196 377 944 376 1,429 Bank premises 1,832 108 206 54 157 143 273 200 66 120 77 263 165 Other assets(5) 36,395 3,205 13,733 1,059 2,433 4,777 1,992 2,490 870 732 651 922 3,530 Interdistrict settlement account 0 - 2,705 -16,585 + 8,166 + 1,531 + 4,858 + 3,273 + 3,370 + 431 - 671 + 205 - 4,152 + 2,279 Total Assets 814,529 38,870 318,189 36,035 35,795 66,999 64,400 73,436 24,708 16,147 22,991 34,070 82,888 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 24, 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 884,274 39,504 332,797 37,602 35,819 68,031 81,569 77,736 26,168 16,859 25,880 47,711 94,598 Less: notes held by F.R. Banks 156,344 4,890 42,796 6,529 5,542 13,446 23,699 11,006 3,424 2,620 5,298 16,501 20,593 Federal Reserve notes, net 727,930 34,614 290,001 31,074 30,277 54,585 57,870 66,730 22,745 14,238 20,582 31,210 74,005 Reverse repurchase agreements (1) 24,114 1,234 9,562 855 1,019 1,840 1,866 2,172 748 504 682 1,188 2,445 Deposits 25,048 828 9,273 2,378 1,551 2,943 1,660 2,058 537 330 585 756 2,151 Depository institutions 20,069 819 4,454 2,377 1,545 2,815 1,656 2,055 535 329 583 755 2,146 U.S. Treasury, general account 4,603 0 4,603 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 296 4 165 0 2 120 2 0 1 0 1 0 0 Deferred availability cash items 6,828 469 669 422 500 498 933 389 164 468 675 414 1,227 Other liabilities and accrued dividends (2) 3,568 194 1,207 141 181 358 292 331 135 103 118 184 324 Total liabilities 787,489 37,339 310,711 34,871 33,527 60,225 62,620 71,679 24,329 15,643 22,642 33,752 80,152 Capital Capital paid in 13,441 173 3,645 742 1,130 3,970 869 860 138 243 170 150 1,351 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,969 5 402 129 73 656 396 134 5 6 27 33 103 Total liabilities and capital 814,529 38,870 318,189 36,035 35,795 66,999 64,400 73,436 24,708 16,147 22,991 34,070 82,888 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 24, 2005 Federal Reserve notes outstanding 884,274 Less: Notes held by F.R. Banks not subject to collateralization 156,344 Federal Reserve Notes to be collateralized 727,930 Collateral held against Federal Reserve notes 727,930 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 714,693 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 755,579 Less:face value of securities under reverse repurchase agreements 24,135 U.S. Treasury and agency securities eligible to be pledged 731,444 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.