Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 777,647 - 7,240 + 48,178 779,828

Securities held outright 717,502 - 184 + 44,910 717,505

U.S. Treasury1 717,502 - 184 + 44,910 717,505

Bills2 263,005 0 + 16,663 263,005

Notes and bonds, nominal2 433,096 - 190 + 22,533 433,096

Notes and bonds, inflation-indexed2 19,108 0 + 5,046 19,108

Inflation compensation3 2,292 + 6 + 667 2,296

Federal agency2 0 0 0 0

Repurchase agreements4 20,893 - 5,678 + 2,893 22,000

Loans to depository institutions 33 - 48 + 7 32

Primary credit 5 - 59 - 2 1

Secondary credit 0 0 0 0

Seasonal credit 29 + 12 + 10 31

Float -755 - 1,692 - 709 -646

Other Federal Reserve assets 39,974 + 362 + 1,078 40,937

Gold stock 11,042 0 - 3 11,042

Special drawing rights certificate account 2,200 0 0 2,200

Treasury currency outstanding5 36,504 + 14 + 824 36,504

Total factors supplying reserve funds 827,392 - 7,227 + 48,998 829,574

Currency in circulation5 751,529 - 278 + 37,788 752,889

Reverse repurchase agreements6 25,631 + 1,241 + 7,311 25,430

Foreign official and international accounts 25,631 + 1,241 + 7,311 25,430

Dealers 0 0 0 0

Treasury cash holdings 257 - 6 - 58 252

Deposits with F.R. Banks, other than reserve balances 14,220 - 17 - 2,729 14,521

U.S. Treasury, general account 4,304 - 895 - 1,223 4,599

Foreign official 83 0 - 11 82

Service-related 9,554 + 882 - 1,448 9,554

Required clearing balances 9,554 + 882 - 1,329 9,554

Adjustments to compensate for float 0 0 - 119 0

Other 279 - 4 - 48 286

Other liabilities and capital 27,841 + 261 + 7,634 27,836

Total factors, other than reserve balances,

absorbing reserve funds 819,478 + 1,202 + 49,946 820,927

Reserve balances with Federal Reserve Banks 7,914 - 8,428 - 949 8,647

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,380,329 + 1,642 + 220,532 1,380,611

U.S. Treasury 1,080,352 + 599 + 154,678 1,081,558

Federal agency 299,977 + 1,043 + 65,854 299,053

Securities lent to dealers 1,700 - 303 - 810 736

FEDERAL RESERVE statistical release

 March 10, 2005

H.4.1

Factors Affecting Reserve Balances of Depository Institutions and

Condition Statement of Federal Reserve Banks

1. Factors Affecting Reserve Balances of Depository Institutions

Millions of dollars

Averages of daily figures

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.

Change from week ended Wednesday

 Mar 9, 2005 Week ended

 Mar 9, 2005 Mar 2, 2005 Mar 10, 2004
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. 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.

Assets

Gold certificate account 11,037 0 - 4

Special drawing rights certificate account 2,200 0 0

Coin 773 - 20 - 84

Securities, repurchase agreements, and loans 739,538 - 2,533 + 47,730

Securities held outright 717,505 + 10 + 44,466

U.S. Treasury1 717,505 + 10 + 44,466

Bills2 263,005 0 + 16,633

Notes and bonds, nominal2 433,096 0 + 22,533

Notes and bonds, inflation-indexed2 19,108 0 + 4,644

Inflation compensation3 2,296 + 10 + 657

Federal agency2 0 0 0

Repurchase agreements4 22,000 - 2,250 + 3,250

Loans 32 - 293 + 13

Items in process of collection (1,108) 6,549 - 830 + 392

Bank premises 1,793 + 2 + 142

Other assets5 39,115 + 1,400 + 1,983

Total assets (1,108) 801,005 - 1,981 + 50,160

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 717,406 + 254 + 36,934

Reverse repurchase agreements6 25,430 + 55 + 6,239

Deposits ( 0 ) 23,139 - 2,038 - 1,016

Depository institutions 18,173 - 1,715 - 1,105

U.S. Treasury, general account 4,599 - 307 + 184

Foreign official 82 - 1 - 56

Other ( 0 ) 286 - 15 - 38

Deferred availability cash items (1,108) 7,195 - 841 + 410

Other liabilities and accrued dividends7 3,109 + 76 + 853

Total liabilities (1,108) 776,279 - 2,495 + 43,420

Capital accounts

Capital paid in 12,535 + 13 + 3,564

Surplus 11,216 + 91 + 2,535

Other capital accounts 975 + 410 + 641

Total capital 24,727 + 514 + 6,741

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 10, 2004

Eliminations from

consolidation Wednesday

 Mar 9, 2005

Wednesday

 Mar 2, 2005

3. Maturity Distribution of Loans and Securities, March 9, 2005

Millions of dollars

 Federal agency

securities

Weekly

changes Holdings

 U.S. Treasury

securities1

Holdings Weekly

changes

Loans Repurchase

agreements2

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.

Reverse

repurchase

agreements2

Within 15 days 1 47,070 - 927 0 0 22,000 25,430

16 days to 90 days 31 171,518 + 844 0 0 0 0

91 days to 1 year 0 158,911 + 84 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,794 + 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,279 + 2 0 0 . . . . . . 

Over 10 years . . . 76,934 + 5 0 0 . . . . . . 

All 32 717,505 + 10 0 0 22,000 25,430

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 9, 2005Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

AssetsGold certificate accountSpecial drawing rights certificate acct.CoinSecurities, repurchase agreements,

and loans

Securities held outright

U.S. Treasury1

Bills2Notes and bonds3

Federal agency2

Repurchase agreements4Loans

Items in process of collectionBank premisesOther assets5Interdistrict settlement account

Total assets

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 sec

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.

 11,037 2,200 773 739,538 717,505 717,505 263,005 454,500 0 22,000 32 7,657 1,793 39,115 0 802,114

Assets, liabilities, and capital

 4,647 874 51 333,120 311,120 311,120 114,042 197,077 0 22,000 0 811 198 14,812 -25,402 329,112

 494 115 22 33,692 33,692 33,692 12,350 21,342 0 0 0 650 102 3,362 + 2,930 41,368

 382 83 61 21,340 21,340 21,340 7,822 13,518 0 0 0 403 53 1,024 + 6,720 30,065

 452 104 57 30,659 30,659 30,659 11,238 19,421 0 0 0 751 157 2,598 + 255 35,033

 819 147 67 54,534 54,534 54,534 19,990 34,544 0 0 0 423 143 5,112 + 1,767 63,012

 894 166 78 48,387 48,387 48,387 17,736 30,650 0 0 0 846 275 1,996 + 6,502 59,144

 924 212 122 64,648 64,632 64,632 23,691 40,941 0 0 16 550 170 2,632 + 514 69,772

 325 71 34 21,080 21,080 21,080 7,727 13,353 0 0 0 303 64 890 + 1,412 24,178

 2   15,6 15,6 15,6 5,7 9,9    3 1 7 - 7 16,4
 855,115

 137,709 717,406 717,406 11,037 2,200 704,169 0 739,505 25,448 714,057

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia Minneap

LiabilitiesFederal Reserve notes outstanding

Less: notes held by F.R. Banks

Federal Reserve notes, net

Reverse repurchase agreements1

Deposits

Depository institutionsU.S. Treasury, general accountForeign officialOther

Deferred availability cash itemsOther liabilities and accrued

dividends2

Total liabilities

CapitalCapital paid inSurplusOther capital

Total liabilities and capital

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.

 855,115 137,709 717,406 25,430 23,139 18,173 4,599 82 286 8,303 3,109 777,387 12,535 11,216 975 802,114

 40,157 4,767 35,389 1,194 1,127 1,119 0 5 3 873 174 38,758 1,554 1,042 14 41,368

 340,639 42,216 298,423 11,027 10,347 5,533 4,599 53 162 947 1,093 321,836 3,491 3,430 355 329,112

 35,256 7,900 27,356 756 615 614 0 1 0 612 108 29,447 299 294 25 30,065

 35,542 5,283 30,259 1,087 975 970 0 4 1 485 168 32,973 1,098 962 0 35,033

 65,263 12,299 52,964 1,933 2,305 2,222 0 7 76 630 298 58,129 2,539 2,148 196 63,012

 72,930 19,368 53,562 1,715 1,506 1,504 0 2 0 1,118 244 58,146 428 516 55 59,144

 72,588 9,056 63,533 2,291 1,499 1,496 0 3 0 516 294 68,133 798 763 77 69,772

 24,739 2,859 21,880 747 549 545 0 1 3 152 119 23,447 403 236 93 24,178

 16,3 1,9 14,4 5 3 3    4  15,8 2 2  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 9, 2005 (continued)Millions of dollars

Assets, liabilities, and capital

Federal Reserve notes outstanding

Less: Notes held by F.R. Banks

not subject to collateralization

Federal Reserve notes to be collateralized

Collateral held against Federal Reserve notes

Gold certificate accountSpecial drawing rights certificate accountU.S. Treasury and agency securities pledged1Other assets pledged

Memo:Total U.S. Treasury and agency securities1

Less: face value of securities under

reverse repurchase agreements

U.S. Treasury and agency securities

eligible to be pledged

5. Collateral Held against Federal Reserve Notes:Federal Reserve Agents' AccountsMillions of dollarsFederal Reserve notes and collateral Wednesday

 Mar 9, 2005

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 ofinflation-indexed securities, and cash value of repurchase agreements.