Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 785,627 + 4,206 + 46,600 782,712

Securities held outright 717,398 + 29 + 42,612 717,409

U.S. Treasury1 717,398 + 29 + 42,612 717,409

Bills2 263,005 0 + 15,817 263,005

Notes and bonds, nominal2 432,885 0 + 21,497 432,885

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

Inflation compensation3 2,400 + 29 + 654 2,410

Federal agency2 0 0 0 0

Repurchase agreements4 27,464 + 4,571 + 2,935 23,750

Loans to depository institutions 85 - 195 - 10 88

Primary credit 5 - 206 - 29 0

Secondary credit 0 0 0 0

Seasonal credit 80 + 12 + 19 88

Float -471 - 359 + 219 56

Other Federal Reserve assets 41,150 + 158 + 842 41,409

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,644 + 14 + 834 36,644

Total factors supplying reserve funds 835,511 + 4,219 + 47,429 832,597

Currency in circulation5 753,462 - 770 + 36,537 754,206

Reverse repurchase agreements6 23,769 + 346 + 4,349 25,100

Foreign official and international accounts 23,769 + 346 + 4,349 25,100

Dealers 0 0 0 0

Treasury cash holdings 269 - 7 - 69 261

Deposits with F.R. Banks, other than reserve balances 14,039 - 1,019 - 2,970 12,927

U.S. Treasury, general account 5,201 + 26 - 1,429 4,102

Foreign official 102 + 22 + 6 84

Service-related 8,426 - 1,088 - 1,544 8,426

Required clearing balances 8,426 - 1,088 - 1,544 8,426

Adjustments to compensate for float 0 0 0 0

Other 311 + 23 - 2 315

Other liabilities and capital 28,643 + 315 + 8,081 28,527

Total factors, other than reserve balances,

absorbing reserve funds 820,181 - 1,136 + 45,926 821,021

Reserve balances with Federal Reserve Banks 15,331 + 5,356 + 1,503 11,576

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,389,008 - 281 + 202,873 1,390,166

U.S. Treasury 1,074,641 - 5,378 + 118,598 1,079,018

Federal agency 314,367 + 5,097 + 84,274 311,148

Securities lent to dealers 885 + 314 - 1,786 601

FEDERAL RESERVE statistical release

 April 21, 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

 Apr 20, 2005 Week ended

 Apr 20, 2005 Apr 13, 2005 Apr 21, 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 716 - 9 - 115

Securities, repurchase agreements, and loans 741,247 - 4,459 + 43,477

Securities held outright 717,409 + 29 + 42,472

U.S. Treasury1 717,409 + 29 + 42,472

Bills2 263,005 0 + 15,673

Notes and bonds, nominal2 432,885 0 + 21,497

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

Inflation compensation3 2,410 + 29 + 657

Federal agency2 0 0 0

Repurchase agreements4 23,750 - 4,500 + 1,000

Loans 88 + 12 + 5

Items in process of collection (1,177) 7,210 + 333 + 366

Bank premises 1,805 + 2 + 142

Other assets5 39,426 + 218 + 926

Total assets (1,177) 803,641 - 3,916 + 44,792

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 718,534 - 949 + 36,008

Reverse repurchase agreements6 25,100 + 2,342 + 5,840

Deposits ( 0 ) 24,326 - 5,170 - 5,410

Depository institutions 19,824 - 4,357 - 3,564

U.S. Treasury, general account 4,102 - 824 - 1,784

Foreign official 84 + 4 - 81

Other ( 0 ) 315 + 7 + 18

Deferred availability cash items (1,177) 7,154 - 320 + 289

Other liabilities and accrued dividends7 3,263 - 15 + 1,021

Total liabilities (1,177) 778,377 - 4,113 + 37,748

Capital accounts

Capital paid in 12,732 + 8 + 3,709

Surplus 11,320 + 91 + 2,552

Other capital accounts 1,212 + 98 + 783

Total capital 25,265 + 198 + 7,045

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 21, 2004

Eliminations from

consolidation Wednesday

 Apr 20, 2005

Wednesday

 Apr 13, 2005

3. Maturity Distribution of Loans and Securities, April 20, 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 84 58,118 + 10,211 0 0 23,750 25,100

16 days to 90 days 4 159,809 - 9,926 0 0 0 0

91 days to 1 year 0 159,694 - 285 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,919 + 426 0 0 . . . . . . 

Over 5 years to 10 years . . . 49,885 - 409 0 0 . . . . . . 

Over 10 years . . . 76,984 + 13 0 0 . . . . . . 

All 88 717,409 + 29 0 0 23,750 25,100

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 20, 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 2,200 716 741,247 717,409 717,409 263,005 454,404 0 23,750 88 8,387 1,805 39,426 0 804,818

Assets, liabilities, and capital

 4,355 874 41 308,228 284,478 284,478 104,291 180,187 0 23,750 0 485 200 14,799 - 2,313 326,669

 510 115 24 36,708 36,705 36,705 13,456 23,249 0 0 3 419 103 3,437 - 146 41,170

 432 83 63 25,450 25,450 25,450 9,330 16,120 0 0 0 606 53 1,183 + 3,362 31,232

 453 104 57 30,307 30,307 30,307 11,111 19,196 0 0 0 1,066 157 2,603 + 252 35,000

 836 147 54 54,750 54,750 54,750 20,072 34,679 0 0 0 416 143 5,150 + 4,604 66,100

 945 166 72 55,503 55,503 55,503 20,347 35,155 0 0 0 648 275 2,190 + 978 60,777

 928 212 126 64,649 64,606 64,606 23,685 40,921 0 0 43 577 176 2,739 + 492 69,899

 327 71 39 22,272 22,262 22,262 8,161 14,101 0 0 10 266 61 943 + 63 24,043

 2   15,0 14,9 14,9 5,4 9,4    3 1 7 -  16,5
 855,157

 136,623 718,534 718,534 11,037 2,200 705,297 0 741,159 25,118 716,040

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.

 855,157 136,623 718,534 25,100 24,326 19,824 4,102 84 315 8,331 3,263 779,553 12,732 11,320 1,212 804,818

 39,780 4,559 35,221 1,284 1,078 1,069 0 5 4 732 198 38,513 1,554 1,094 9 41,170

 337,746 39,141 298,604 9,953 8,910 4,559 4,102 56 193 854 1,080 319,402 3,503 3,430 334 326,669

 35,666 7,616 28,050 890 818 817 0 1 0 728 125 30,612 300 294 26 31,232

 35,411 5,367 30,044 1,060 961 956 0 4 1 647 178 32,889 1,096 1,014 0 35,000

 65,750 12,461 53,289 1,916 5,045 4,924 0 7 113 548 318 61,115 2,551 2,148 286 66,100

 75,760 20,875 54,886 1,942 1,526 1,525 0 2 0 1,159 260 59,773 429 516 60 60,777

 73,000 9,285 63,715 2,260 1,530 1,527 0 3 1 395 304 68,205 822 763 108 69,899

 24,589 3,138 21,451 779 572 569 0 1 2 183 130 23,114 537 236 155 24,043

 16,2 1,7 14,5 5 3 3    5  16,0 2 2  16,5

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 20, 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

 Apr 20, 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.