FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 28, 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 Apr 27, 2005 Apr 20, 2005 Apr 28, 2004 Apr 27, 2005 Federal Reserve Banks Reserve Bank Credit 786,712 + 1,085 + 41,957 790,287 Securities held outright 717,941 + 543 + 42,402 718,638 U.S. Treasury (1) 717,941 + 543 + 42,402 718,638 Bills (2) 263,005 0 + 15,084 263,005 Notes and bonds, nominal (2) 433,400 + 515 + 22,012 434,085 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 19,108 Inflation compensation (3) 2,428 + 28 + 662 2,439 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 27,321 - 143 - 2,108 30,750 Loans to depository institutions 102 + 17 + 15 105 Primary credit 7 + 2 - 9 4 Secondary credit 0 0 0 0 Seasonal credit 96 + 16 + 25 101 Float -316 + 155 + 439 -950 Other Federal Reserve assets 41,662 + 512 + 1,207 41,744 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,658 + 14 + 832 36,658 Total factors supplying reserve funds 836,611 + 1,100 + 42,784 840,185 Currency in circulation(5) 752,733 - 729 + 36,402 754,509 Reverse repurchase agreements (6) 25,494 + 1,725 + 5,090 25,068 Foreign official and international accounts 25,494 + 1,725 + 5,090 25,068 Dealers 0 0 0 0 Treasury cash holdings 260 - 9 - 67 258 Deposits with F.R.Banks, other than reserve balances 14,406 + 367 - 3,422 15,162 U.S. Treasury, general account 5,586 + 385 - 1,858 6,356 Foreign official 95 - 7 - 8 88 Service-related 8,425 - 1 - 1,545 8,425 Required clearing balances 8,425 - 1 - 1,545 8,425 Adjustments to compensate for float 0 0 0 0 Other 300 - 11 - 12 294 Other liabilities and capital 28,868 + 225 + 8,148 28,520 Total factors, other than reserve balances, absorbing reserve funds 821,761 + 1,580 + 46,151 823,518 Reserve balances with Federal Reserve Banks 14,849 - 482 - 3,367 16,668 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,390,817 + 1,809 + 206,544 1,389,101 U.S. Treasury 1,076,259 + 1,618 + 119,263 1,076,061 Federal agency 314,558 + 191 + 87,281 313,040 Securities lent to dealers 1,595 + 710 - 1,188 1,752 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 Apr 27, 2005 Apr 20, 2005 Apr 28, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 710 - 6 - 106 Securities, repurchase agreements, and loans 749,493 + 8,246 + 35,528 Securities held outright 718,638 + 1,229 + 42,255 U.S. Treasury (1) 718,638 + 1,229 + 42,255 Bills (2) 263,005 0 + 14,248 Notes and bonds, nominal (2) 434,085 + 1,200 + 22,697 Notes and bonds, inflation-indexed (2) 19,108 0 + 4,644 Inflation compensation (3) 2,439 + 29 + 665 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,750 + 7,000 - 6,750 Loans 105 + 17 + 24 Items in process of collection (900) 6,649 - 561 + 1,342 Bank premises 1,809 + 4 + 145 Other assets (5) 39,757 + 331 + 957 Total assets (900) 811,656 + 8,015 + 37,864 Liabilities Federal Reserve notes net of FR Bank holdings 718,816 + 282 + 34,822 Reverse repurchase agreements (6) 25,068 - 32 + 5,379 Deposits (0) 31,652 + 7,326 - 11,622 Depository institutions 24,915 + 5,091 - 11,426 U.S. Treasury, general account 6,356 + 2,254 - 184 Foreign official 88 + 4 - 12 Other (0) 294 - 21 + 1 Deferred availability cash items (900) 7,600 + 446 + 1,425 Other liabilities and accrued dividends (7) 3,332 + 69 + 1,038 Total liabilities (900) 786,468 + 8,091 + 31,042 Capital Accounts Capital paid in 12,742 + 10 + 3,712 Surplus 11,357 + 37 + 2,563 Other capital accounts 1,089 - 123 + 548 Total capital 25,188 - 77 + 6,823 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, April 27, 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 94 59,781 + 1,663 0 0 30,750 25,068 16 days to 90 days 11 158,808 - 1,001 0 0 0 0 91 days to 1 year 0 159,032 - 662 0 0 ------ ------ Over 1 to 5 years ------ 214,130 + 1,211 0 0 ------ ------ Over 5 to 10 years ------ 49,890 + 5 0 0 ------ ------ Over 10 years ------ 76,996 + 12 0 0 ------ ------ All 105 718,638 + 1,229 0 0 30,750 25,068 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 April 27, 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 710 21 36 60 56 54 76 123 38 26 49 61 108 Securities, repurchase agreements, and loans 749,493 36,773 315,715 25,493 30,359 54,844 55,598 64,767 22,311 15,037 20,334 35,396 72,866 Securities held outright 718,638 36,768 284,965 25,493 30,359 54,844 55,598 64,717 22,300 15,009 20,326 35,394 72,865 U.S. Treasury (1) 718,638 36,768 284,965 25,493 30,359 54,844 55,598 64,717 22,300 15,009 20,326 35,394 72,865 Bills (2) 263,005 13,456 104,291 9,330 11,111 20,072 20,347 23,685 8,161 5,493 7,439 12,953 26,667 Notes and bonds(3) 455,633 23,312 180,674 16,163 19,248 34,772 35,250 41,032 14,139 9,516 12,887 22,441 46,198 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,750 0 30,750 0 0 0 0 0 0 0 0 0 0 Loans 105 6 0 0 0 0 0 50 11 28 8 2 1 Items in process of collection 7,549 381 489 376 1,122 393 660 484 191 298 561 404 2,189 Bank premises 1,809 103 200 54 156 143 275 175 61 122 85 269 166 Other assets(5) 39,757 3,449 14,936 1,195 2,614 5,158 2,231 2,771 952 800 732 1,039 3,880 Interdistrict settlement account 0 + 57 - 4,149 + 3,082 + 383 + 4,345 + 1,677 + 1,142 + 9 + 6 - 55 - 2,784 - 3,712 Total Assets 812,556 41,410 332,456 30,776 35,246 65,921 61,628 70,603 23,960 16,532 22,090 35,033 76,902 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 April 27, 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 855,465 39,765 337,541 35,614 35,350 66,021 76,028 73,169 24,578 16,388 24,157 39,930 86,923 Less: notes held by F.R. Banks 136,649 4,447 39,199 7,598 5,434 12,264 21,280 9,233 3,076 1,811 4,572 7,810 19,925 Federal Reserve notes, net 718,816 35,318 298,342 28,016 29,916 53,758 54,748 63,936 21,502 14,577 19,585 32,120 66,998 Reverse repurchase agreements (1) 25,068 1,283 9,940 889 1,059 1,913 1,939 2,257 778 524 709 1,235 2,542 Deposits 31,652 1,264 15,006 586 1,238 4,400 2,339 2,021 643 331 836 874 2,114 Depository institutions 24,915 1,255 8,418 584 1,233 4,283 2,337 2,017 641 330 834 873 2,110 U.S. Treasury, general account 6,356 0 6,356 0 0 0 0 0 0 0 0 0 0 Foreign official 88 5 59 1 4 7 2 3 1 1 1 0 4 Other 294 4 173 1 1 110 0 1 2 0 1 1 0 Deferred availability cash items 8,500 673 874 543 731 506 1,123 394 189 486 532 316 2,132 Other liabilities and accrued dividends (2) 3,332 201 1,094 127 178 339 269 307 130 100 108 173 307 Total liabilities 787,368 38,739 325,258 30,161 33,122 60,916 60,418 68,916 23,242 16,017 21,769 34,718 74,093 Capital Capital paid in 12,742 1,554 3,503 300 1,096 2,551 648 826 320 253 155 148 1,386 Surplus 11,357 1,117 3,430 294 1,028 2,148 516 763 236 254 153 135 1,283 Other capital 1,089 0 265 21 0 305 46 98 162 7 12 32 141 Total liabilities and capital 812,556 41,410 332,456 30,776 35,246 65,921 61,628 70,603 23,960 16,532 22,090 35,033 76,902 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 Apr 27, 2005 Federal Reserve notes outstanding 855,465 Less: Notes held by F.R. Banks not subject to collateralization 136,649 Federal Reserve Notes to be collateralized 718,816 Collateral held against Federal Reserve notes 718,816 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 705,579 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 749,388 Less:face value of securities under reverse repurchase agreements 25,086 U.S. Treasury and agency securities eligible to be pledged 724,302 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.