Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 715,038 - 12,141 + 59,396 716,049

Securities held outright 656,242 + 123 + 47,122 656,280

U.S. Treasury1 656,232 + 123 + 47,122 656,270

Bills2 241,639 + 112 + 34,517 241,672

Notes and bonds, nominal2 399,595 0 + 11,029 399,595

Notes and bonds, inflation-indexed2 13,454 0 + 1,212 13,454

Inflation compensation3 1,543 + 10 + 363 1,548

Federal agency2 10 0 0 10

Repurchase agreements4 19,250 - 12,857 + 11,821 19,750

Loans to depository institutions 127 - 51 - 54 115

Primary credit 2 - 21 + 2 5

Secondary credit 0 0 0 0

Seasonal credit 125 - 30 - 11 109

Adjustment credit 0 0 - 45 0

Float -287 + 328 - 727 -143

Other Federal Reserve assets 39,705 + 316 + 1,232 40,048

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,271 + 14 + 942 35,271

Total factors supplying reserve funds 763,552 - 12,127 + 60,339 764,563

Currency in circulation5 698,979 + 2,213 + 37,296 701,252

Reverse repurchase agreements6 19,322 - 2,062 + 19,322 18,951

Foreign official and international accounts 19,322 - 2,062 + 19,322 18,951

Dealers 0 0 0 0

Treasury cash holdings 358 + 15 - 18 371

Deposits with F.R. Banks, other than reserve balances 17,090 - 2,049 + 1,325 16,805

U.S. Treasury, general account 5,185 - 1,737 + 79 4,935

Foreign official 105 - 354 - 11 81

Service-related 11,456 - 59 + 1,165 11,456

Required clearing balances 11,252 + 27 + 1,254 11,252

Adjustments to compensate for float 204 - 86 - 89 204

Other 345 + 102 + 93 334

Other liabilities and capital 20,578 - 337 + 1,052 20,295

Total factors, other than reserve balances,

absorbing reserve funds 756,328 - 2,220 + 58,978 757,675

Reserve balances with Federal Reserve Banks 7,224 - 9,907 + 1,361 6,888

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 991,768 + 18,238 . . . 990,790

U.S. Treasury 798,667 + 16,941 . . . 798,517

Federal agency 193,101 + 1,297 . . . 192,272

Securities lent to dealers 2,338 - 1,351 + 1,275 2,998

FEDERAL RESERVE statistical release

 October 9, 2003

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.

. . . Not available.

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

 Oct 8, 2003 Week ended

 Oct 8, 2003 Oct 1, 2003 Oct 9, 2002
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 11,039 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 826 - 13 - 246

Securities, repurchase agreements, and loans 676,145 - 16,952 + 59,482

Securities held outright 656,280 + 84 + 46,754

U.S. Treasury1 656,270 + 84 + 46,754

Bills2 241,672 + 71 + 34,150

Notes and bonds, nominal2 399,595 0 + 11,029

Notes and bonds, inflation-indexed2 13,454 0 + 1,212

Inflation compensation3 1,548 + 13 + 363

Federal agency2 10 0 0

Repurchase agreements4 19,750 - 17,000 + 12,750

Loans 115 - 36 - 22

Items in process of collection (985) 7,751 + 352 + 234

Bank premises 1,595 + 1 + 72

Other assets5 38,441 + 565 + 1,251

Total assets (985) 737,996 - 16,049 + 60,793

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 667,174 + 2,362 + 36,474

Reverse repurchase agreements6 18,951 - 3,139 + 18,951

Deposits ( 0 ) 23,618 - 14,930 + 3,815

Depository institutions 18,268 - 14,526 + 3,199

U.S. Treasury, general account 4,935 + 13 + 534

Foreign official 81 - 415 + 5

Other ( 0 ) 334 - 2 + 76

Deferred availability cash items (985) 7,958 - 240 + 680

Other liabilities and accrued dividends7 2,247 + 37 - 207

Total liabilities (985) 719,949 - 15,908 + 59,715

Capital accounts

Capital paid in 8,747 + 1 + 479

Surplus 8,380 0 + 1,068

Other capital accounts 920 - 141 - 469

Total capital 18,048 - 139 + 1,080

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 9, 2002

Eliminations from

consolidation Wednesday

 Oct 8, 2003

Wednesday

 Oct 1, 2003

3. Maturity Distribution of Loans and Securities, October 8, 2003

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 24 45,442 - 292 0 0 19,750 18,951

16 days to 90 days 91 146,740 + 8,303 10 0 0 0

91 days to 1 year 0 158,422 - 7,940 0 0 . . . . . . 

Over 1 year to 5 years . . . 176,907 + 3 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,664 + 4 0 0 . . . . . . 

Over 10 years . . . 77,095 + 5 0 0 . . . . . . 

All 115 656,270 + 84 10 0 19,750 18,951

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 8, 2003Millions 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.

 11,039 2,200 826 676,145 656,280 656,270 241,672 414,597 10 19,750 115 8,735 1,595 38,441 0 738,981

Assets, liabilities, and capital

 4,706 874 39 300,528 280,778 280,773 103,395 177,378 4 19,750 0 727 189 13,743 + 5,599 326,404

 495 115 26 31,728 31,728 31,728 11,684 20,044 0 0 0 634 91 1,779 - 1,323 33,545

 380 83 36 20,518 20,518 20,518 7,556 12,962 0 0 0 483 52 1,094 - 1,684 20,962

 477 104 35 30,757 30,752 30,751 11,324 19,427 0 0 5 369 150 2,432 - 1,985 32,340

 808 147 98 50,470 50,470 50,469 18,585 31,884 1 0 0 659 143 6,135 - 1,312 57,149

 863 166 106 44,339 44,336 44,335 16,326 28,009 1 0 4 805 277 2,228 + 1,408 50,193

 982 212 101 66,347 66,317 66,316 24,421 41,895 1 0 29 647 120 3,581 - 6,638 65,352

 331 71 56 20,669 20,647 20,647 7,603 13,044 0 0 22 443 43 986 - 1,545 21,054

 2   14,6 14,6 14,6 5,3 9,2    4 1 1,1 - 3 16,4
 788,857

 117,173 671,685 671,685 11,039 2,200 657,075 1,371 676,030 18,955 657,075

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.

 788,857 121,683 667,174 18,951 23,618 18,268 4,935 81 334 8,943 2,247 720,933 8,747 8,380 920 738,981

 35,504 5,503 30,001 916 994 986 0 2 7 584 130 32,625 448 436 36 33,545

 329,190 24,932 304,258 8,108 8,110 2,958 4,935 57 160 1,033 692 322,200 1,998 1,809 398 326,404

 27,577 9,130 18,447 592 882 881 0 1 0 421 93 20,436 255 233 38 20,962

 33,153 5,507 27,646 888 1,724 1,721 0 3 0 521 121 30,900 705 702 32 32,340

 59,254 10,354 48,900 1,457 1,674 1,510 0 7 156 656 246 52,933 2,073 2,073 70 57,149

 64,160 18,680 45,481 1,280 1,344 1,343 0 2 0 917 179 49,201 478 475 38 50,193

 66,852 10,537 56,314 1,915 4,285 4,282 0 3 0 721 227 63,462 917 858 115 65,352

 23,527 4,487 19,040 596 578 570 0 1 8 266 101 20,582 228 199 45 21,054

 15,7 1,6 14,1 4 5 5    5  15,6 3 3  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 8, 2003 (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 eligible assets

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

 Oct 8, 2003

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.