FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 10, 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 Nov 9, 2005 Nov 2, 2005 Nov 10, 2004 Nov 9, 2005 Federal Reserve Banks Reserve Bank Credit 799,326 - 2,561 + 24,559 807,045 Securities held outright 741,036 + 511 + 32,213 741,717 U.S. Treasury (1) 741,036 + 511 + 32,213 741,717 Bills (2) 270,819 + 108 + 11,181 271,018 Notes and bonds, nominal (2) 447,135 + 343 + 15,807 447,592 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 19,983 Inflation compensation (3) 3,098 + 60 + 924 3,122 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 17,857 - 2,679 - 5,786 24,500 Loans to depository institutions 119 - 35 + 34 131 Primary credit 3 - 2 - 3 13 Secondary credit 0 0 0 0 Seasonal credit 116 - 32 + 37 118 Float 237 - 134 + 171 506 Other Federal Reserve assets 40,078 - 224 - 2,071 40,191 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,499 + 14 + 118 36,499 Total factors supplying reserve funds 849,066 - 2,547 + 24,675 856,784 Currency in circulation(5) 770,920 + 2,463 + 25,435 775,162 Reverse repurchase agreements (6) 24,959 - 388 - 2,151 25,021 Foreign official and international accounts 24,959 - 388 - 2,151 25,021 Dealers 0 0 0 0 Treasury cash holdings 225 + 12 - 78 221 Deposits with F.R.Banks, other than reserve balances 14,137 - 40 - 1,861 14,515 U.S. Treasury, general account 5,002 + 21 - 10 5,388 Foreign official 85 - 20 - 37 83 Service-related 8,781 - 1 - 1,790 8,781 Required clearing balances 8,781 - 1 - 1,790 8,781 Adjustments to compensate for float 0 0 0 0 Other 270 - 38 - 23 264 Other liabilities and capital 31,574 - 298 + 7,495 31,345 Total factors, other than reserve balances, absorbing reserve funds 841,816 + 1,751 + 28,840 846,264 Reserve balances with Federal Reserve Banks 7,250 - 4,298 - 4,166 10,520 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,477,813 - 13 + 171,867 1,479,820 U.S. Treasury 1,083,934 - 2,543 + 25,235 1,085,002 Federal agency 393,879 + 2,529 + 146,632 394,818 Securities lent to dealers 4,343 + 1,220 + 2,644 5,034 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 Nov 9, 2005 Nov 2, 2005 Nov 10, 2004 Assets Gold certificate account 11,036 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 730 + 3 - 42 Securities, repurchase agreements, and loans 766,348 + 11,106 + 27,861 Securities held outright 741,717 + 1,103 + 32,808 U.S. Treasury (1) 741,717 + 1,103 + 32,808 Bills (2) 271,018 + 237 + 11,298 Notes and bonds, nominal (2) 447,592 + 800 + 16,264 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 Inflation compensation (3) 3,122 + 65 + 944 Federal agency (2) 0 0 0 Repurchase agreements (4) 24,500 + 10,000 - 5,000 Loans 131 + 2 + 54 Items in process of collection (893) 7,107 - 743 + 36 Bank premises 1,842 - 1 + 97 Other assets (5) 38,288 + 84 - 2,229 Total assets (893) 827,552 + 10,450 + 25,720 Liabilities Federal Reserve notes net of FR Bank holdings 739,610 + 5,087 + 25,386 Reverse repurchase agreements (6) 25,021 + 82 - 2,446 Deposits (-5) 25,177 + 6,443 - 4,615 Depository institutions 19,443 + 5,630 - 5,399 U.S. Treasury, general account 5,388 + 889 + 823 Foreign official 83 - 23 + 1 Other (-5) 264 - 52 - 40 Deferred availability cash items (898) 6,398 - 1,071 - 181 Other liabilities and accrued dividends (7) 4,097 + 66 + 1,210 Total liabilities (893) 800,304 + 10,608 + 19,356 Capital Accounts Capital paid in 13,446 - 9 + 2,829 Surplus 11,625 - 5 + 2,778 Other capital accounts 2,177 - 145 + 758 Total capital 27,248 - 158 + 6,365 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, November 9, 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 20 40,966 - 16,697 0 0 24,500 25,021 16 days to 90 days 111 175,588 + 16,842 0 0 0 0 91 days to 1 year 0 182,941 + 93 0 0 ------ ------ Over 1 to 5 years ------ 210,677 + 26 0 0 ------ ------ Over 5 to 10 years ------ 53,429 + 812 0 0 ------ ------ Over 10 years ------ 78,117 + 28 0 0 ------ ------ All 131 741,717 + 1,103 0 0 24,500 25,021 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 November 9, 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 11,036 510 4,354 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 730 31 52 50 54 62 100 76 36 21 62 73 113 Securities, repurchase agreements, and loans 766,348 37,948 318,626 26,317 31,334 56,605 57,387 66,833 23,047 15,519 20,996 36,531 75,205 Securities held outright 741,717 37,948 294,116 26,312 31,334 56,605 57,383 66,795 23,016 15,491 20,979 36,531 75,205 U.S. Treasury (1) 741,717 37,948 294,116 26,312 31,334 56,605 57,383 66,795 23,016 15,491 20,979 36,531 75,205 Bills (2) 271,018 13,866 107,468 9,614 11,449 20,683 20,967 24,406 8,410 5,660 7,666 13,348 27,480 Notes and bonds(3) 470,698 24,082 186,648 16,698 19,885 35,922 36,416 42,389 14,606 9,831 13,313 23,183 47,726 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 24,500 0 24,500 0 0 0 0 0 0 0 0 0 0 Loans 131 0 10 5 0 0 4 38 30 27 17 0 0 Items in process of collection 8,001 379 453 361 481 450 1,902 467 320 325 765 449 1,649 Bank premises 1,842 108 204 53 157 143 272 211 69 120 80 261 164 Other assets(5) 38,288 3,237 14,589 1,073 2,467 4,827 2,213 2,691 936 771 717 1,049 3,718 Interdistrict settlement account 0 - 3,022 -25,266 + 6,481 + 915 + 7,008 + 2,416 + 1,480 - 50 - 765 + 181 - 4,854 +15,474 Total Assets 828,445 39,307 313,886 34,851 35,965 70,078 65,402 72,899 24,755 16,233 23,184 34,156 97,730 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 November 9, 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 896,613 39,021 329,875 37,453 36,483 68,633 81,105 77,053 26,382 17,006 26,206 47,966 109,430 Less: notes held by F.R. Banks 157,002 4,603 45,364 6,139 5,657 12,792 22,602 10,614 3,554 2,633 5,440 16,797 20,806 Federal Reserve notes, net 739,610 34,418 284,511 31,315 30,826 55,841 58,503 66,438 22,828 14,373 20,765 31,168 88,625 Reverse repurchase agreements (1) 25,021 1,280 9,922 888 1,057 1,910 1,936 2,253 776 523 708 1,232 2,537 Deposits 25,172 1,107 9,808 539 1,297 4,438 1,956 1,726 451 304 633 680 2,234 Depository institutions 19,443 1,101 4,201 538 1,293 4,338 1,959 1,723 447 303 632 679 2,229 U.S. Treasury, general account 5,388 0 5,388 0 0 0 0 0 0 0 0 0 0 Foreign official 83 5 54 1 4 7 2 3 1 1 1 0 4 Other 259 1 165 0 0 92 -5 1 3 0 1 0 0 Deferred availability cash items 7,296 623 778 620 504 519 902 340 162 417 595 548 1,287 Other liabilities and accrued dividends (2) 4,097 212 1,401 166 208 434 330 373 148 115 128 203 377 Total liabilities 801,197 37,640 306,420 33,527 33,892 63,142 63,626 71,132 24,366 15,731 22,830 33,832 95,059 Capital Capital paid in 13,446 316 3,660 746 1,010 3,939 865 875 143 245 171 149 1,326 Surplus 11,625 1,350 3,430 294 1,063 2,148 516 763 236 254 153 135 1,283 Other capital 2,177 0 376 284 0 849 394 129 10 3 30 40 62 Total liabilities and capital 828,445 39,307 313,886 34,851 35,965 70,078 65,402 72,899 24,755 16,233 23,184 34,156 97,730 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 Nov 9, 2005 Federal Reserve notes outstanding 896,613 Less: Notes held by F.R. Banks not subject to collateralization 157,002 Federal Reserve Notes to be collateralized 739,610 Collateral held against Federal Reserve notes 739,610 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 726,374 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 766,217 Less:face value of securities under reverse repurchase agreements 25,050 U.S. Treasury and agency securities eligible to be pledged 741,166 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.