FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 8, 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 7, 2005 Aug 31, 2005 Sep 8, 2004 Sep 7, 2005 Federal Reserve Banks Reserve Bank Credit 799,280 + 1,476 + 34,842 802,277 Securities held outright 730,411 - 289 + 35,540 730,418 U.S. Treasury (1) 730,411 - 289 + 35,540 730,418 Bills (2) 267,780 + 157 + 12,432 267,780 Notes and bonds, nominal (2) 440,292 - 464 + 17,751 440,292 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 19,533 Inflation compensation (3) 2,805 + 17 + 686 2,813 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 30,250 + 1,536 - 679 31,500 Loans to depository institutions 321 - 11 + 54 331 Primary credit 20 + 14 - 11 25 Secondary credit 0 0 0 0 Seasonal credit 301 - 25 + 65 305 Float -451 - 89 - 724 1,226 Other Federal Reserve assets 38,750 + 330 + 652 38,802 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,741 + 14 + 516 36,741 Total factors supplying reserve funds 849,262 + 1,490 + 35,356 852,259 Currency in circulation(5) 769,269 + 6,114 + 27,999 771,037 Reverse repurchase agreements (6) 25,215 + 244 + 1,694 25,154 Foreign official and international accounts 25,215 + 244 + 1,694 25,154 Dealers 0 0 0 0 Treasury cash holdings 261 - 5 - 60 255 Deposits with F.R.Banks, other than reserve balances 14,112 + 137 - 1,408 13,727 U.S. Treasury, general account 4,786 - 123 - 124 4,445 Foreign official 142 + 55 + 64 82 Service-related 8,886 + 168 - 1,339 8,886 Required clearing balances 8,886 + 168 - 1,339 8,886 Adjustments to compensate for float 0 0 0 0 Other 298 + 37 - 10 314 Other liabilities and capital 31,357 + 369 + 8,293 31,016 Total factors, other than reserve balances, absorbing reserve funds 840,213 + 6,857 + 36,517 841,189 Reserve balances with Federal Reserve Banks 9,048 - 5,369 - 1,162 11,070 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,466,522 - 1,654 + 175,598 1,465,764 U.S. Treasury 1,097,287 - 1,652 + 50,494 1,097,542 Federal agency 369,235 - 2 + 125,104 368,222 Securities lent to dealers 2,947 - 358 + 1,434 5,376 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 7, 2005 Aug 31, 2005 Sep 8, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 655 - 4 - 115 Securities, repurchase agreements, and loans 762,249 - 3,967 + 33,961 Securities held outright 730,418 + 38 + 35,549 U.S. Treasury (1) 730,418 + 38 + 35,549 Bills (2) 267,780 + 14 + 12,432 Notes and bonds, nominal (2) 440,292 0 + 17,751 Notes and bonds, inflation-indexed (2) 19,533 0 + 4,671 Inflation compensation (3) 2,813 + 24 + 696 Federal agency (2) 0 0 0 Repurchase agreements (4) 31,500 - 4,000 - 1,500 Loans 331 - 5 - 87 Items in process of collection (1,948) 9,775 + 2,695 + 695 Bank premises 1,832 - 2 + 114 Other assets (5) 37,018 + 560 + 263 Total assets (1,948) 824,766 - 717 + 34,917 Liabilities Federal Reserve notes net of FR Bank holdings 735,201 + 4,990 + 27,804 Reverse repurchase agreements (6) 25,154 - 1,333 + 1,272 Deposits (1) 24,846 - 6,852 - 3,548 Depository institutions 20,005 - 5,697 - 4,341 U.S. Treasury, general account 4,445 - 1,205 + 744 Foreign official 82 + 1 + 2 Other (1) 314 + 49 + 48 Deferred availability cash items (1,948) 8,549 + 2,210 + 1,360 Other liabilities and accrued dividends (7) 3,645 + 84 + 975 Total liabilities (1,948) 797,395 - 902 + 27,863 Capital Accounts Capital paid in 13,403 + 1 + 2,949 Surplus 11,630 0 + 2,783 Other capital accounts 2,338 + 183 + 1,321 Total capital 27,371 + 185 + 7,054 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 7, 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 100 52,350 - 431 0 0 31,500 25,154 16 days to 90 days 231 162,436 + 7,018 0 0 0 0 91 days to 1 year 0 174,407 - 6,573 0 0 ------ ------ Over 1 to 5 years ------ 211,793 + 10 0 0 ------ ------ Over 5 to 10 years ------ 52,437 + 4 0 0 ------ ------ Over 10 years ------ 76,996 + 11 0 0 ------ ------ All 331 730,418 + 38 0 0 31,500 25,154 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 7, 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 655 13 39 34 49 55 99 88 37 17 57 72 95 Securities, repurchase agreements, and loans 762,249 37,370 321,136 25,915 30,857 55,766 56,517 65,867 22,733 15,342 20,703 35,979 74,064 Securities held outright 730,418 37,370 289,636 25,911 30,857 55,743 56,509 65,778 22,666 15,255 20,659 35,974 74,060 U.S. Treasury (1) 730,418 37,370 289,636 25,911 30,857 55,743 56,509 65,778 22,666 15,255 20,659 35,974 74,060 Bills (2) 267,780 13,700 106,184 9,499 11,312 20,436 20,717 24,115 8,309 5,593 7,574 13,189 27,151 Notes and bonds(3) 462,638 23,670 183,452 16,412 19,544 35,307 35,792 41,663 14,356 9,663 13,085 22,786 46,909 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 31,500 0 31,500 0 0 0 0 0 0 0 0 0 0 Loans 331 0 0 3 0 23 8 89 67 87 44 5 4 Items in process of collection 11,723 709 560 939 959 651 2,225 679 448 409 1,071 964 2,108 Bank premises 1,832 107 205 54 157 144 272 204 66 120 78 263 165 Other assets(5) 37,018 3,245 13,916 1,162 2,467 4,844 2,062 2,536 862 740 659 936 3,588 Interdistrict settlement account 0 - 2,581 -20,546 + 6,409 + 860 + 5,694 + 4,194 + 4,065 + 894 - 600 + 490 - 4,281 + 5,402 Total Assets 826,714 39,488 320,539 35,027 35,905 68,137 66,482 74,578 25,438 16,269 23,442 34,580 86,828 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 7, 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 886,271 39,701 332,379 37,570 35,989 67,934 81,229 78,427 26,461 16,838 25,944 47,648 96,151 Less: notes held by F.R. Banks 151,070 4,734 41,513 6,352 5,279 12,974 22,896 10,584 3,084 2,564 5,054 16,379 19,655 Federal Reserve notes, net 735,201 34,967 290,865 31,217 30,710 54,960 58,333 67,843 23,377 14,274 20,890 31,269 76,495 Reverse repurchase agreements (1) 25,154 1,287 9,975 892 1,063 1,920 1,946 2,265 781 525 711 1,239 2,550 Deposits 24,846 665 9,858 877 806 3,367 2,194 1,698 474 332 639 869 3,067 Depository institutions 20,005 653 5,191 876 803 3,221 2,195 1,696 471 331 638 868 3,062 U.S. Treasury, general account 4,445 0 4,445 0 0 0 0 0 0 0 0 0 0 Foreign official 82 5 53 1 4 7 2 3 1 1 1 0 4 Other 315 7 169 0 0 138 -3 0 2 0 1 0 0 Deferred availability cash items 10,497 807 1,035 698 830 703 1,920 664 275 523 730 693 1,619 Other liabilities and accrued dividends (2) 3,645 192 1,235 145 187 365 299 339 137 106 117 188 334 Total liabilities 799,343 37,918 312,968 33,830 33,596 61,314 64,693 72,809 25,044 15,760 23,087 34,258 84,066 Capital Capital paid in 13,403 173 3,655 742 1,130 3,920 869 862 140 243 170 150 1,351 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,338 45 486 162 114 755 404 144 18 11 32 37 129 Total liabilities and capital 826,714 39,488 320,539 35,027 35,905 68,137 66,482 74,578 25,438 16,269 23,442 34,580 86,828 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 7, 2005 Federal Reserve notes outstanding 886,271 Less: Notes held by F.R. Banks not subject to collateralization 151,070 Federal Reserve Notes to be collateralized 735,201 Collateral held against Federal Reserve notes 735,201 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 721,965 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 761,918 Less:face value of securities under reverse repurchase agreements 25,178 U.S. Treasury and agency securities eligible to be pledged 736,740 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.