Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 768,783 + 3,867 + 45,965 773,823

Securities held outright 701,602 + 911 + 45,186 701,617

U.S. Treasury1 701,602 + 911 + 45,196 701,617

Bills2 258,864 + 54 + 17,065 258,878

Notes and bonds, nominal2 425,339 + 856 + 25,744 425,339

Notes and bonds, inflation-indexed2 15,262 0 + 1,808 15,262

Inflation compensation3 2,137 + 2 + 580 2,138

Federal agency2 0 0 - 10 0

Repurchase agreements4 27,071 + 2,607 + 678 30,250

Loans to depository institutions 193 - 8 + 91 186

Primary credit 5 + 3 + 1 2

Secondary credit 0 0 0 0

Seasonal credit 188 - 11 + 90 184

Float -128 - 128 + 223 1,691

Other Federal Reserve assets 40,044 + 484 - 214 40,079

Gold stock 11,043 0 0 11,043

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

Treasury currency outstanding5 36,295 + 14 + 1,006 36,295

Total factors supplying reserve funds 818,321 + 3,881 + 46,971 823,362

Currency in circulation5 742,571 + 4,001 + 39,450 743,398

Reverse repurchase agreements6 24,883 - 5 + 5,788 24,985

Foreign official and international accounts 24,883 - 5 + 5,788 24,985

Dealers 0 0 0 0

Treasury cash holdings 295 + 4 - 78 299

Deposits with F.R. Banks, other than reserve balances 15,789 - 691 + 224 16,566

U.S. Treasury, general account 4,682 - 652 + 937 5,466

Foreign official 87 - 14 - 52 86

Service-related 10,722 + 2 - 648 10,722

Required clearing balances 10,722 + 2 - 529 10,722

Adjustments to compensate for float 0 0 - 118 0

Other 298 - 27 - 14 292

Other liabilities and capital 23,650 + 202 + 3,127 23,479

Total factors, other than reserve balances,

absorbing reserve funds 807,189 + 3,512 + 48,513 808,728

Reserve balances with Federal Reserve Banks 11,133 + 370 - 1,541 14,634

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,288,190 - 3,907 + 297,407 1,290,638

U.S. Treasury 1,044,271 - 5,133 + 246,475 1,045,740

Federal agency 243,919 + 1,225 + 50,932 244,898

Securities lent to dealers 833 - 764 - 126 0

FEDERAL RESERVE statistical release

 October 14, 2004

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

 Oct 13, 2004 Week ended

 Oct 13, 2004 Oct 6, 2004 Oct 15, 2003
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 0

Special drawing rights certificate account 2,200 0 0

Coin 748 - 16 - 65

Securities, repurchase agreements, and loans 732,053 + 9,271 + 45,194

Securities held outright 701,617 + 31 + 45,118

U.S. Treasury1 701,617 + 31 + 45,128

Bills2 258,878 + 29 + 16,999

Notes and bonds, nominal2 425,339 0 + 25,744

Notes and bonds, inflation-indexed2 15,262 0 + 1,808

Inflation compensation3 2,138 + 2 + 577

Federal agency2 0 0 - 10

Repurchase agreements4 30,250 + 9,250 0

Loans 186 - 10 + 76

Items in process of collection (528) 10,600 + 3,991 - 3,702

Bank premises 1,732 + 2 + 136

Other assets5 38,439 + 469 + 133

Total assets (528) 796,811 + 13,718 + 41,697

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 708,146 + 2,551 + 38,085

Reverse repurchase agreements6 24,985 + 249 + 6,343

Deposits ( 0 ) 31,292 + 8,840 - 3,838

Depository institutions 25,447 + 8,985 - 4,373

U.S. Treasury, general account 5,466 - 110 + 609

Foreign official 86 + 6 - 79

Other ( 0 ) 292 - 42 + 3

Deferred availability cash items (528) 8,909 + 1,756 - 2,398

Other liabilities and accrued dividends7 2,905 + 113 + 666

Total liabilities (528) 776,237 + 13,509 + 38,858

Capital accounts

Capital paid in 10,511 + 3 + 1,772

Surplus 8,847 0 + 472

Other capital accounts 1,217 + 206 + 596

Total capital 20,574 + 208 + 2,839

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 15, 2003

Eliminations from

consolidation Wednesday

 Oct 13, 2004

Wednesday

 Oct 6, 2004

3. Maturity Distribution of Loans and Securities, October 13, 2004

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 29 44,652 - 194 0 0 30,250 24,985

16 days to 90 days 157 161,134 + 34 0 0 0 0

91 days to 1 year 0 167,056 + 189 0 0 . . . . . . 

Over 1 year to 5 years . . . 201,941 + 1 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,518 + 1 0 0 . . . . . . 

Over 10 years . . . 76,316 0 0 0 . . . . . . 

All 186 701,617 + 31 0 0 30,250 24,985

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 13, 2004Millions 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 2,200 748 732,053 701,617 701,617 258,878 442,739 0 30,250 186 11,128 1,732 38,439 0 797,339

Assets, liabilities, and capital

 4,649 874 44 334,480 304,230 304,230 112,253 191,978 0 30,250 0 987 191 13,867 -37,264 317,828

 494 115 17 32,946 32,946 32,946 12,156 20,790 0 0 0 722 97 1,741 + 3,081 39,213

 382 83 45 20,879 20,868 20,868 7,700 13,168 0 0 12 440 52 1,107 + 3,882 26,870

 452 104 44 29,980 29,980 29,980 11,062 18,918 0 0 0 782 154 2,359 + 801 34,676

 819 147 71 53,326 53,326 53,326 19,676 33,650 0 0 0 486 144 5,987 + 1,942 62,922

 894 166 81 47,329 47,315 47,315 17,458 29,857 0 0 14 686 278 2,215 +11,238 62,886

 924 212 99 63,258 63,201 63,201 23,319 39,881 0 0 58 825 145 3,470 + 2,497 71,431

 325 71 49 20,628 20,613 20,613 7,606 13,007 0 0 15 895 59 1,005 + 1,316 24,348

 2   15,3 15,3 15,3 5,6 9,6    6 1 1,1 - 5 16,9
 831,945

 123,798 708,146 708,146 11,039 2,200 694,907 0 731,867 24,996 706,870

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.

 831,945 123,798 708,146 24,985 31,292 25,447 5,466 86 292 9,437 2,905 776,765 10,511 8,847 1,217 797,339

 38,030 4,086 33,943 1,173 968 966 0 2 0 703 170 36,957 1,634 448 174 39,213

 321,213 33,288 287,925 10,834 12,646 6,949 5,466 63 168 976 920 313,301 2,163 2,031 333 317,828

 33,144 8,832 24,312 743 602 601 0 1 1 520 108 26,285 286 259 41 26,870

 34,952 5,513 29,439 1,068 1,828 1,824 0 2 1 644 143 33,122 762 727 65 34,676

 64,674 11,746 52,928 1,899 3,047 2,923 0 7 116 509 306 58,689 2,093 2,074 66 62,922

 72,964 16,712 56,252 1,685 2,648 2,645 0 2 2 997 238 61,821 518 489 58 62,886

 69,767 8,485 61,281 2,251 4,669 4,666 0 3 0 869 266 69,336 1,025 924 145 71,431

 25,256 3,180 22,076 734 653 651 0 1 1 276 119 23,858 238 228 23 24,348

 16,1 1,5 14,5 5 4 4    7  16,2 2 3  16,9

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 13, 2004 (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

 Oct 13, 2004

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.