FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 22, 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 Sep 21, 2005 Sep 14, 2005 Sep 22, 2004 Sep 21, 2005 Federal Reserve Banks Reserve Bank Credit 800,393 - 174 + 32,935 794,273 Securities held outright 733,363 + 970 + 36,339 733,388 U.S. Treasury (1) 733,363 + 970 + 36,339 733,388 Bills (2) 267,906 + 92 + 11,993 267,922 Notes and bonds, nominal (2) 442,593 + 785 + 18,452 442,593 Notes and bonds, inflation-indexed (2) 19,983 + 64 + 5,121 19,983 Inflation compensation (3) 2,880 + 28 + 773 2,889 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,614 - 422 - 3,672 20,250 Loans to depository institutions 322 + 10 - 270 330 Primary credit 1 - 2 - 351 1 Secondary credit 0 0 0 0 Seasonal credit 321 + 12 + 81 329 Float -18 - 838 + 273 1,034 Other Federal Reserve assets 39,113 + 107 + 266 39,272 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,527 + 14 + 275 36,527 Total factors supplying reserve funds 850,162 - 159 + 33,209 844,042 Currency in circulation(5) 767,176 - 2,017 + 29,672 767,471 Reverse repurchase agreements (6) 24,535 - 700 - 279 23,991 Foreign official and international accounts 24,535 - 700 - 279 23,991 Dealers 0 0 0 0 Treasury cash holdings 252 - 2 - 60 254 Deposits with F.R.Banks, other than reserve balances 14,879 + 649 - 2,623 14,279 U.S. Treasury, general account 6,319 + 1,346 - 660 5,718 Foreign official 82 - 9 + 1 83 Service-related 8,238 - 644 - 1,926 8,238 Required clearing balances 8,238 - 644 - 1,926 8,238 Adjustments to compensate for float 0 0 0 0 Other 240 - 44 - 38 240 Other liabilities and capital 30,981 - 302 + 7,758 30,779 Total factors, other than reserve balances, absorbing reserve funds 837,824 - 2,371 + 34,469 836,775 Reserve balances with Federal Reserve Banks 12,338 + 2,212 - 1,259 7,267 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,456,340 - 3,390 + 166,149 1,460,212 U.S. Treasury 1,082,092 - 8,883 + 34,529 1,084,779 Federal agency 374,248 + 5,493 + 131,620 375,433 Securities lent to dealers 5,536 - 56 + 4,541 5,888 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 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 Sep 21, 2005 Sep 14, 2005 Sep 22, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 700 + 33 - 73 Securities, repurchase agreements, and loans 753,968 - 11,633 + 29,052 Securities held outright 733,388 + 120 + 35,227 U.S. Treasury (1) 733,388 + 120 + 35,227 Bills (2) 267,922 + 96 + 10,869 Notes and bonds, nominal (2) 442,593 0 + 18,452 Notes and bonds, inflation-indexed (2) 19,983 0 + 5,121 Inflation compensation (3) 2,889 + 24 + 784 Federal agency (2) 0 0 0 Repurchase agreements (4) 20,250 - 11,750 - 6,250 Loans 330 - 3 + 75 Items in process of collection (1,069) 7,928 + 734 + 2,634 Bank premises 1,839 + 5 + 116 Other assets (5) 37,595 + 211 + 148 Total assets (1,069) 815,266 - 10,651 + 31,875 Liabilities Federal Reserve notes net of FR Bank holdings 731,894 - 1,610 + 29,135 Reverse repurchase agreements (6) 23,991 - 1,969 - 565 Deposits (0) 21,709 - 7,009 - 5,378 Depository institutions 15,667 - 7,391 - 6,246 U.S. Treasury, general account 5,718 + 399 + 873 Foreign official 83 0 + 5 Other (0) 240 - 18 - 12 Deferred availability cash items (1,069) 6,894 - 34 + 1,056 Other liabilities and accrued dividends (7) 3,745 - 6 + 1,060 Total liabilities (1,069) 788,233 - 10,628 + 25,307 Capital Accounts Capital paid in 13,302 + 5 + 2,801 Surplus 11,630 0 + 2,783 Other capital accounts 2,102 - 27 + 985 Total capital 27,034 - 22 + 6,568 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, September 21, 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 303 58,604 + 6,158 0 0 20,250 23,991 16 days to 90 days 27 155,983 - 6,253 0 0 0 0 91 days to 1 year 0 174,748 + 191 0 0 ------ ------ Over 1 to 5 years ------ 214,351 + 10 0 0 ------ ------ Over 5 to 10 years ------ 52,588 + 5 0 0 ------ ------ Over 10 years ------ 77,115 + 11 0 0 ------ ------ All 330 733,388 + 120 0 0 20,250 23,991 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 September 21, 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 700 17 50 37 54 59 102 92 39 19 60 72 99 Securities, repurchase agreements, and loans 753,968 37,522 311,064 26,019 30,982 55,970 56,749 66,139 22,819 15,420 20,793 36,128 74,365 Securities held outright 733,388 37,522 290,814 26,017 30,982 55,970 56,739 66,045 22,758 15,317 20,743 36,120 74,361 U.S. Treasury (1) 733,388 37,522 290,814 26,017 30,982 55,970 56,739 66,045 22,758 15,317 20,743 36,120 74,361 Bills (2) 267,922 13,708 106,240 9,504 11,318 20,447 20,728 24,128 8,314 5,596 7,578 13,196 27,166 Notes and bonds(3) 465,466 23,815 184,573 16,512 19,664 35,523 36,011 41,917 14,444 9,722 13,165 22,925 47,195 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 20,250 0 20,250 0 0 0 0 0 0 0 0 0 0 Loans 330 0 0 2 0 0 10 93 61 103 50 7 4 Items in process of collection 8,997 557 476 381 819 439 1,466 265 399 347 1,109 1,300 1,440 Bank premises 1,839 109 205 54 157 144 273 203 68 120 79 263 165 Other assets(5) 37,595 3,248 14,130 1,181 2,617 4,848 2,067 2,583 891 748 679 971 3,633 Interdistrict settlement account 0 - 3,188 -13,673 + 6,546 + 524 + 3,449 + 3,435 + 2,607 + 311 - 851 - 195 - 5,009 + 6,044 Total Assets 816,336 38,890 317,482 34,733 35,709 65,891 65,202 73,029 24,924 16,045 22,909 34,370 87,151 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 September 21, 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 888,632 39,451 331,338 37,531 36,243 68,162 81,565 77,929 26,487 16,798 25,861 47,826 99,442 Less: notes held by F.R. Banks 156,738 4,892 41,881 6,573 5,737 13,515 23,000 11,315 3,629 2,609 5,448 16,695 21,443 Federal Reserve notes, net 731,894 34,559 289,456 30,957 30,506 54,646 58,565 66,614 22,858 14,189 20,414 31,131 77,999 Reverse repurchase agreements (1) 23,991 1,227 9,513 851 1,014 1,831 1,856 2,161 744 501 679 1,182 2,433 Deposits 21,709 695 8,966 1,165 992 1,651 1,825 1,670 582 315 636 820 2,389 Depository institutions 15,667 687 3,023 1,164 986 1,582 1,818 1,667 580 315 634 819 2,390 U.S. Treasury, general account 5,718 0 5,718 0 0 0 0 0 0 0 0 0 0 Foreign official 83 5 55 1 4 7 2 3 1 1 1 0 4 Other 240 3 170 0 2 62 5 0 1 0 1 0 -5 Deferred availability cash items 7,963 676 785 384 908 553 865 474 202 429 711 723 1,252 Other liabilities and accrued dividends (2) 3,745 196 1,274 150 190 371 309 352 140 107 120 194 343 Total liabilities 789,302 37,354 309,995 33,508 33,609 59,052 63,420 71,271 24,526 15,542 22,559 34,050 84,417 Capital Capital paid in 13,302 173 3,655 742 1,026 3,922 869 863 140 243 170 150 1,350 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,102 10 403 189 10 769 397 132 22 6 27 36 101 Total liabilities and capital 816,336 38,890 317,482 34,733 35,709 65,891 65,202 73,029 24,924 16,045 22,909 34,370 87,151 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 Sep 21, 2005 Federal Reserve notes outstanding 888,632 Less: Notes held by F.R. Banks not subject to collateralization 156,738 Federal Reserve Notes to be collateralized 731,894 Collateral held against Federal Reserve notes 731,894 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 718,657 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 753,638 Less:face value of securities under reverse repurchase agreements 24,011 U.S. Treasury and agency securities eligible to be pledged 729,627 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.