Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 764,916 - 897 + 49,947 761,850

Securities held outright 700,691 + 2,089 + 44,449 701,586

U.S. Treasury1 700,691 + 2,089 + 44,459 701,586

Bills2 258,810 + 1,748 + 17,171 258,849

Notes and bonds, nominal2 424,483 + 342 + 24,888 425,339

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

Inflation compensation3 2,135 - 2 + 592 2,136

Federal agency2 0 0 - 10 0

Repurchase agreements4 24,464 - 3,107 + 5,214 21,000

Loans to depository institutions 201 - 53 + 74 196

Primary credit 2 - 7 0 2

Secondary credit 0 0 0 0

Seasonal credit 199 - 46 + 74 194

Float 0 - 117 + 355 -544

Other Federal Reserve assets 39,560 + 291 - 145 39,612

Gold stock 11,043 0 0 11,043

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

Treasury currency outstanding5 36,281 + 14 + 1,000 36,281

Total factors supplying reserve funds 814,440 - 884 + 50,947 811,374

Currency in circulation5 738,570 + 1,728 + 39,580 740,822

Reverse repurchase agreements6 24,888 + 597 + 5,566 24,736

Foreign official and international accounts 24,888 + 597 + 5,566 24,736

Dealers 0 0 0 0

Treasury cash holdings 291 - 8 - 67 295

Deposits with F.R. Banks, other than reserve balances 16,480 + 841 - 611 16,709

U.S. Treasury, general account 5,334 + 216 + 149 5,576

Foreign official 101 - 9 - 4 80

Service-related 10,720 + 557 - 736 10,720

Required clearing balances 10,720 + 557 - 532 10,720

Adjustments to compensate for float 0 0 - 204 0

Other 325 + 78 - 20 334

Other liabilities and capital 23,448 + 54 + 2,870 23,158

Total factors, other than reserve balances,

absorbing reserve funds 803,677 + 3,212 + 47,339 805,720

Reserve balances with Federal Reserve Banks 10,763 - 4,096 + 3,608 5,654

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,292,097 + 517 + 300,329 1,289,034

U.S. Treasury 1,049,404 + 1,765 + 250,737 1,045,201

Federal agency 242,694 - 1,247 + 49,593 243,833

Securities lent to dealers 1,597 + 111 - 741 1,766

FEDERAL RESERVE statistical release

 October 7, 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 6, 2004 Week ended

 Oct 6, 2004 Sep 29, 2004 Oct 8, 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 764 - 13 - 62

Securities, repurchase agreements, and loans 722,782 - 5,586 + 46,637

Securities held outright 701,586 + 2,969 + 45,306

U.S. Treasury1 701,586 + 2,969 + 45,316

Bills2 258,849 + 1,770 + 17,177

Notes and bonds, nominal2 425,339 + 1,198 + 25,744

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

Inflation compensation3 2,136 + 1 + 588

Federal agency2 0 0 - 10

Repurchase agreements4 21,000 - 8,500 + 1,250

Loans 196 - 55 + 81

Items in process of collection (973) 6,609 + 1,007 - 1,142

Bank premises 1,730 - 1 + 135

Other assets5 37,970 + 83 - 471

Total assets (973) 783,093 - 4,512 + 45,097

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 705,595 + 2,144 + 38,421

Reverse repurchase agreements6 24,736 + 399 + 5,785

Deposits ( 0 ) 22,452 - 8,252 - 1,166

Depository institutions 16,462 - 8,481 - 1,806

U.S. Treasury, general account 5,576 + 140 + 641

Foreign official 80 - 1 - 1

Other ( 0 ) 334 + 89 0

Deferred availability cash items (973) 7,153 + 1,215 - 805

Other liabilities and accrued dividends7 2,792 + 33 + 545

Total liabilities (973) 762,728 - 4,460 + 42,779

Capital accounts

Capital paid in 10,508 + 6 + 1,761

Surplus 8,847 0 + 467

Other capital accounts 1,011 - 57 + 91

Total capital 20,366 - 50 + 2,318

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 8, 2003

Eliminations from

consolidation Wednesday

 Oct 6, 2004

Wednesday

 Sep 29, 2004

3. Maturity Distribution of Loans and Securities, October 6, 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 17 44,846 - 8,401 0 0 21,000 24,736

16 days to 90 days 179 161,100 + 8,278 0 0 0 0

91 days to 1 year 0 166,867 + 775 0 0 . . . . . . 

Over 1 year to 5 years . . . 201,940 + 2,316 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,517 0 0 0 . . . . . . 

Over 10 years . . . 76,316 + 1 0 0 . . . . . . 

All 196 701,586 + 2,969 0 0 21,000 24,736

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 6, 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 2,200 764 722,782 701,586 701,586 258,849 442,737 0 21,000 196 7,582 1,730 37,970 0 784,067

Assets, liabilities, and capital

 4,649 874 45 325,217 304,217 304,217 112,240 191,977 0 21,000 0 460 191 13,689 -31,819 313,306

 494 115 18 32,945 32,945 32,945 12,155 20,790 0 0 0 428 97 1,718 + 3,229 39,043

 382 83 44 20,876 20,867 20,867 7,699 13,168 0 0 9 392 51 1,094 + 4,027 26,949

 452 104 43 29,979 29,979 29,979 11,061 18,918 0 0 0 451 154 2,328 - 119 33,393

 819 147 74 53,324 53,324 53,324 19,674 33,650 0 0 0 442 144 5,935 + 675 61,560

 894 166 83 47,327 47,313 47,313 17,456 29,857 0 0 14 810 278 2,183 +10,084 61,825

 924 212 99 63,261 63,198 63,198 23,317 39,881 0 0 64 347 145 3,424 - 800 67,613

 325 71 50 20,628 20,612 20,612 7,605 13,007 0 0 16 355 59 991 + 1,553 24,032

 2   15,3 15,3 15,3 5,6 9,6    4 1 1,1 - 6 16,7
 830,891

 125,297 705,595 705,595 11,039 2,200 692,356 0 722,586 24,747 697,839

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.

 830,891 125,297 705,595 24,736 22,452 16,462 5,576 80 334 8,126 2,792 763,701 10,508 8,847 1,011 784,067

 38,067 4,314 33,752 1,162 1,226 1,224 0 2 0 504 166 36,811 1,634 448 150 39,043

 320,395 33,945 286,449 10,726 9,878 4,081 5,576 57 164 866 900 308,819 2,163 2,031 293 313,306

 33,214 8,955 24,259 736 674 673 0 1 0 598 106 26,373 286 259 32 26,949

 34,984 5,642 29,342 1,057 822 819 0 2 0 504 139 31,864 762 727 40 33,393

 64,445 11,915 52,531 1,880 2,169 2,000 0 7 162 484 303 57,366 2,089 2,074 31 61,560

 72,980 16,593 56,387 1,668 1,545 1,541 0 2 2 937 232 60,769 518 489 50 61,825

 69,277 8,446 60,831 2,228 1,666 1,663 0 3 0 554 259 65,539 1,025 924 125 67,613

 25,223 3,177 22,045 727 462 459 0 1 2 193 117 23,543 238 228 22 24,032

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

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 6, 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 6, 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.