Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 790,003 - 2,469 + 43,594 795,604

Securities held outright 725,448 + 883 + 42,382 725,460

U.S. Treasury1 725,448 + 883 + 42,382 725,460

Bills2 265,015 + 250 + 13,111 265,015

Notes and bonds, nominal2 438,678 + 600 + 23,876 438,678

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

Inflation compensation3 2,646 + 32 + 751 2,659

Federal agency2 0 0 0 0

Repurchase agreements4 25,500 - 4,214 + 679 30,500

Loans to depository institutions 152 - 4 - 6 149

Primary credit 2 - 9 - 30 0

Secondary credit 0 0 0 0

Seasonal credit 150 + 5 + 24 149

Float -298 + 700 - 192 30

Other Federal Reserve assets 39,201 + 166 + 731 39,464

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding5 36,615 + 14 + 662 36,615

Total factors supplying reserve funds 839,859 - 2,456 + 44,252 845,460

Currency in circulation5 761,163 + 660 + 34,810 761,426

Reverse repurchase agreements6 24,343 - 782 + 4,039 23,956

Foreign official and international accounts 24,343 - 782 + 4,039 23,956

Dealers 0 0 0 0

Treasury cash holdings 287 + 10 - 36 282

Deposits with F.R. Banks, other than reserve balances 14,032 - 93 - 1,183 14,069

U.S. Treasury, general account 4,778 - 149 + 80 4,626

Foreign official 104 + 20 + 12 112

Service-related 8,830 - 1 - 1,314 8,830

Required clearing balances 8,830 - 1 - 1,314 8,830

Adjustments to compensate for float 0 0 0 0

Other 321 + 37 + 39 501

Other liabilities and capital 29,248 - 49 + 7,663 29,393

Total factors, other than reserve balances,

absorbing reserve funds 829,073 - 253 + 45,292 829,126

Reserve balances with Federal Reserve Banks 10,786 - 2,203 - 1,040 16,334

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,431,637 + 5,340 + 203,489 1,435,046

U.S. Treasury 1,088,816 + 3,837 + 95,325 1,090,777

Federal agency 342,821 + 1,503 + 108,165 344,269

Securities lent to dealers 4,399 - 41 + 2,860 2,388

FEDERAL RESERVE statistical release

 June 9, 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

 Jun 8, 2005 Week ended

 Jun 8, 2005 Jun 1, 2005 Jun 9, 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 612 + 10 - 114

Securities, repurchase agreements, and loans 756,110 - 960 + 41,771

Securities held outright 725,460 + 34 + 41,528

U.S. Treasury1 725,460 + 34 + 41,528

Bills2 265,015 0 + 13,107

Notes and bonds, nominal2 438,678 0 + 23,019

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

Inflation compensation3 2,659 + 34 + 759

Federal agency2 0 0 0

Repurchase agreements4 30,500 - 1,000 + 250

Loans 149 + 5 - 8

Items in process of collection (1,137) 6,737 - 2,778 + 388

Bank premises 1,821 + 4 + 136

Other assets5 37,600 + 574 + 769

Total assets (1,137) 816,117 - 3,151 + 42,946

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 725,701 - 764 + 33,769

Reverse repurchase agreements6 23,956 - 776 + 4,014

Deposits ( 0 ) 30,360 - 605 - 3,238

Depository institutions 25,122 - 1,409 - 2,929

U.S. Treasury, general account 4,626 + 587 - 589

Foreign official 112 + 32 + 27

Other ( 0 ) 501 + 187 + 254

Deferred availability cash items (1,137) 6,706 - 1,698 + 225

Other liabilities and accrued dividends7 3,501 + 93 + 1,026

Total liabilities (1,137) 790,225 - 3,748 + 35,797

Capital accounts

Capital paid in 12,904 + 10 + 3,703

Surplus 11,440 + 76 + 2,593

Other capital accounts 1,548 + 511 + 853

Total capital 25,892 + 597 + 7,149

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 9, 2004

Eliminations from

consolidation Wednesday

 Jun 8, 2005

Wednesday

 Jun 1, 2005

3. Maturity Distribution of Loans and Securities, June 8, 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 22 54,615 - 1,086 0 0 30,500 23,956

16 days to 90 days 127 162,630 + 8,766 0 0 0 0

91 days to 1 year 0 159,891 - 7,680 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,538 + 13 0 0 . . . . . . 

Over 5 years to 10 years . . . 53,764 + 6 0 0 . . . . . . 

Over 10 years . . . 78,023 + 15 0 0 . . . . . . 

All 149 725,460 + 34 0 0 30,500 23,956

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 8, 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 2,200 612 756,110 725,460 725,460 265,015 460,446 0 30,500 149 7,874 1,821 37,600 0 817,254

Assets, liabilities, and capital

 4,355 874 35 318,170 287,670 287,670 105,088 182,583 0 30,500 0 365 202 14,120 - 5,857 332,265

 510 115 21 37,117 37,117 37,117 13,559 23,558 0 0 0 502 105 3,280 - 303 41,346

 432 83 47 25,735 25,735 25,735 9,401 16,334 0 0 0 374 54 1,181 + 4,815 32,721

 453 104 46 30,647 30,647 30,647 11,196 19,452 0 0 0 591 157 2,492 + 923 35,412

 836 147 45 55,365 55,365 55,365 20,225 35,140 0 0 0 602 143 4,915 + 1,974 64,026

 945 166 77 56,128 56,125 56,125 20,503 35,623 0 0 3 1,082 274 2,103 + 2,912 63,688

 928 212 105 65,403 65,331 65,331 23,866 41,465 0 0 71 368 187 2,587 + 2,763 72,553

 327 71 33 22,529 22,512 22,512 8,224 14,288 0 0 17 249 63 882 + 310 24,463

 2   15,1 15,1 15,1 5,5 9,6    3 1 7 - 4 16,2
 862,938

 137,237 725,701 725,701 11,037 2,200 712,463 0 755,960 23,974 731,986

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.

 862,938 137,237 725,701 23,956 30,360 25,122 4,626 112 501 7,843 3,501 791,362 12,904 11,440 1,548 817,254

 39,537 4,161 35,377 1,226 1,206 1,199 0 5 2 594 216 38,618 1,562 1,164 2 41,346

 337,605 40,782 296,823 9,500 16,458 11,350 4,626 83 398 821 1,161 324,763 3,618 3,430 455 332,265

 36,621 6,792 29,829 850 618 617 0 1 0 657 132 32,085 308 294 33 32,721

 35,256 5,152 30,104 1,012 1,180 1,176 0 4 0 716 188 33,200 1,127 1,065 21 35,412

 66,407 11,986 54,421 1,828 1,806 1,704 0 7 95 528 356 58,939 2,552 2,148 387 64,026

 79,366 22,637 56,729 1,853 2,549 2,547 0 2 0 886 282 62,299 665 516 208 63,688

 75,607 9,529 66,078 2,157 1,842 1,839 0 3 0 413 327 70,817 845 763 127 72,553

 24,953 2,783 22,170 743 594 591 0 1 2 138 132 23,777 330 236 120 24,463

 16,3 2,0 14,3 5 3 3    4 1 15,6 2 2  16,2

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 8, 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

 Jun 8, 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.