FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 30, 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 29, 2005 Jun 22, 2005 Jun 30, 2004 Jun 29, 2005 Federal Reserve Banks Reserve Bank Credit 788,567 + 713 + 36,311 792,084 Securities held outright 726,009 + 100 + 38,910 726,022 U.S. Treasury (1) 726,009 + 100 + 38,910 726,022 Bills (2) 265,015 0 + 11,007 265,015 Notes and bonds, nominal (2) 438,678 0 + 21,984 438,678 Notes and bonds, inflation-indexed (2) 19,533 + 60 + 5,069 19,533 Inflation compensation (3) 2,782 + 39 + 850 2,795 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 23,107 + 821 - 2,143 26,000 Loans to depository institutions 215 + 35 - 7 247 Primary credit 19 - 3 - 39 29 Secondary credit 0 0 0 0 Seasonal credit 196 + 38 + 32 218 Float -789 - 559 - 781 -294 Other Federal Reserve assets 40,025 + 315 + 332 40,110 Gold stock 11,041 0 - 4 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,657 + 14 + 618 36,657 Total factors supplying reserve funds 838,465 + 727 + 36,925 841,982 Currency in circulation(5) 759,941 + 901 + 30,531 763,437 Reverse repurchase agreements (6) 24,311 + 894 + 5,817 24,237 Foreign official and international accounts 24,311 + 894 + 5,817 24,237 Dealers 0 0 0 0 Treasury cash holdings 244 - 24 - 63 237 Deposits with F.R.Banks, other than reserve balances 13,373 - 569 - 3,802 12,787 U.S. Treasury, general account 4,726 - 256 - 1,235 4,173 Foreign official 103 + 7 - 15 83 Service-related 8,279 - 327 - 2,582 8,279 Required clearing balances 8,279 - 327 - 2,582 8,279 Adjustments to compensate for float 0 0 0 0 Other 265 + 7 + 30 252 Other liabilities and capital 29,713 + 209 + 7,788 29,390 Total factors, other than reserve balances, absorbing reserve funds 827,582 + 1,411 + 40,272 830,088 Reserve balances with Federal Reserve Banks 10,883 - 684 - 3,347 11,894 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,440,219 + 3,672 + 214,760 1,439,204 U.S. Treasury 1,088,546 - 3,052 + 97,012 1,084,876 Federal agency 351,673 + 6,725 + 117,748 354,329 Securities lent to dealers 3,443 - 650 + 1,147 3,701 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 29, 2005 Jun 22, 2005 Jun 30, 2004 Assets Gold certificate account 11,037 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 627 - 15 - 117 Securities, repurchase agreements, and loans 752,268 - 166 + 31,055 Securities held outright 726,022 + 35 + 38,631 U.S. Treasury (1) 726,022 + 35 + 38,631 Bills (2) 265,015 0 + 10,720 Notes and bonds, nominal (2) 438,678 0 + 21,984 Notes and bonds, inflation-indexed (2) 19,533 0 + 5,069 Inflation compensation (3) 2,795 + 35 + 859 Federal agency (2) 0 0 0 Repurchase agreements (4) 26,000 - 250 - 7,500 Loans 247 + 50 - 76 Items in process of collection (886) 5,859 + 40 - 102 Bank premises 1,831 + 2 + 129 Other assets (5) 38,241 - 202 + 477 Total assets (886) 812,064 - 338 + 31,440 Liabilities Federal Reserve notes net of FR Bank holdings 727,640 + 3,312 + 29,454 Reverse repurchase agreements (6) 24,237 + 875 + 5,009 Deposits (0) 24,635 - 4,477 - 11,531 Depository institutions 20,127 - 3,535 - 9,501 U.S. Treasury, general account 4,173 - 926 - 1,859 Foreign official 83 - 1 - 197 Other (0) 252 - 15 + 26 Deferred availability cash items (886) 6,162 - 12 + 317 Other liabilities and accrued dividends (7) 3,619 + 66 + 1,353 Total liabilities (886) 786,292 - 236 + 24,600 Capital Accounts Capital paid in 12,936 + 1 + 3,710 Surplus 11,456 + 5 + 2,609 Other capital accounts 1,379 - 109 + 520 Total capital 25,771 - 103 + 6,839 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 29, 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 221 60,564 - 976 0 0 26,000 24,237 16 days to 90 days 26 157,412 + 1,392 0 0 0 0 91 days to 1 year 0 159,160 - 416 0 0 ------ ------ Over 1 to 5 years ------ 216,580 + 14 0 0 ------ ------ Over 5 to 10 years ------ 54,151 + 6 0 0 ------ ------ Over 10 years ------ 78,155 + 15 0 0 ------ ------ All 247 726,022 + 35 0 0 26,000 24,237 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 29, 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 627 17 35 35 46 49 87 100 36 17 49 61 94 Securities, repurchase agreements, and loans 752,268 37,145 313,902 25,755 30,671 55,407 56,180 65,471 22,558 15,228 20,553 35,762 73,636 Securities held outright 726,022 37,145 287,893 25,755 30,671 55,407 56,169 65,382 22,529 15,163 20,535 35,758 73,614 U.S. Treasury (1) 726,022 37,145 287,893 25,755 30,671 55,407 56,169 65,382 22,529 15,163 20,535 35,758 73,614 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) 461,007 23,587 182,805 16,354 19,475 35,182 35,666 41,516 14,305 9,628 13,039 22,705 46,743 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 247 0 10 0 0 0 11 90 29 64 18 4 22 Items in process of collection 6,745 454 331 270 686 321 896 385 249 300 811 503 1,538 Bank premises 1,831 105 202 54 158 143 273 195 63 121 87 264 166 Other assets(5) 38,241 3,277 14,430 1,210 2,491 4,925 2,141 2,657 907 768 704 1,018 3,713 Interdistrict settlement account 0 - 1,909 -12,747 + 6,557 + 431 + 4,416 + 3,335 + 3,575 + 742 - 179 + 760 - 2,533 - 2,448 Total Assets 812,950 39,715 321,383 34,397 35,039 66,244 64,024 73,523 24,952 16,496 23,348 35,722 78,106 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 29, 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 867,892 39,417 336,214 36,975 35,126 67,053 81,217 76,124 25,503 16,595 25,451 40,911 87,307 Less: notes held by F.R. Banks 140,253 3,947 42,930 6,077 5,016 12,089 23,882 9,474 2,820 2,222 4,665 8,115 19,015 Federal Reserve notes, net 727,640 35,469 293,284 30,898 30,110 54,964 57,335 66,650 22,683 14,373 20,786 32,796 68,291 Reverse repurchase agreements (1) 24,237 1,240 9,611 860 1,024 1,850 1,875 2,183 752 506 686 1,194 2,457 Deposits 24,635 913 9,180 1,417 921 2,026 2,386 2,271 543 452 753 806 2,967 Depository institutions 20,127 906 4,782 1,416 917 1,945 2,384 2,268 541 451 751 803 2,963 U.S. Treasury, general account 4,173 0 4,173 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 252 2 170 1 1 74 0 0 1 0 1 2 0 Deferred availability cash items 7,048 561 686 457 571 480 762 356 172 546 686 428 1,343 Other liabilities and accrued dividends (2) 3,619 180 1,193 135 197 419 285 339 140 106 113 180 332 Total liabilities 787,179 38,363 313,954 33,767 32,823 59,739 62,643 71,798 24,290 15,983 23,024 35,404 75,391 Capital Capital paid in 12,936 173 3,627 308 1,127 3,958 669 845 330 253 157 149 1,341 Surplus 11,456 1,179 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 1,379 0 373 28 25 399 196 117 96 6 14 35 91 Total liabilities and capital 812,950 39,715 321,383 34,397 35,039 66,244 64,024 73,523 24,952 16,496 23,348 35,722 78,106 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 29, 2005 Federal Reserve notes outstanding 867,892 Less: Notes held by F.R. Banks not subject to collateralization 140,253 Federal Reserve Notes to be collateralized 727,640 Collateral held against Federal Reserve notes 727,640 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 714,403 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 752,022 Less:face value of securities under reverse repurchase agreements 24,256 U.S. Treasury and agency securities eligible to be pledged 727,766 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.