Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 740,217 + 6,663 + 28,929 743,982

Securities held outright 674,520 + 319 + 28,851 674,717

U.S. Treasury1 674,520 + 319 + 28,861 674,717

Bills2 246,942 + 298 + 11,229 247,132

Notes and bonds, nominal2 411,388 0 + 15,628 411,388

Notes and bonds, inflation-indexed2 14,464 0 + 1,650 14,464

Inflation compensation3 1,725 + 20 + 354 1,733

Federal agency2 0 0 - 10 0

Repurchase agreements4 25,729 + 6,158 - 1,092 29,700

Loans to depository institutions 85 + 12 + 49 86

Primary credit 33 - 3 + 17 30

Secondary credit 0 0 0 0

Seasonal credit 52 + 15 + 32 56

Float -463 + 34 - 178 -776

Other Federal Reserve assets 40,347 + 142 + 1,301 40,255

Gold stock 11,045 0 + 2 11,045

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

Treasury currency outstanding5 35,685 + 14 + 841 35,685

Total factors supplying reserve funds 789,147 + 6,676 + 29,772 792,913

Currency in circulation5 717,499 + 1,356 + 29,865 718,780

Reverse repurchase agreements6 20,136 + 737 - 609 19,470

Foreign official and international accounts 20,136 + 737 - 609 19,470

Dealers 0 0 0 0

Treasury cash holdings 345 - 18 - 12 340

Deposits with F.R. Banks, other than reserve balances 16,146 + 127 - 1,665 15,905

U.S. Treasury, general account 5,158 + 148 - 1,312 4,902

Foreign official 83 - 10 - 37 85

Service-related 10,568 0 - 412 10,568

Required clearing balances 10,567 + 5 - 253 10,567

Adjustments to compensate for float 2 - 3 - 158 2

Other 338 - 10 + 97 350

Other liabilities and capital 20,556 - 275 + 615 20,316

Total factors, other than reserve balances,

absorbing reserve funds 774,683 + 1,928 + 28,193 774,810

Reserve balances with Federal Reserve Banks 14,464 + 4,749 + 1,579 18,103

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,180,378 + 4,324 + 282,180 1,182,058

U.S. Treasury 949,575 + 7,935 + 229,519 951,963

Federal agency 230,803 - 3,612 + 52,660 230,096

Securities lent to dealers 959 - 985 + 509 2,236

FEDERAL RESERVE statistical release

 April 15, 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

 Apr 14, 2004 Week ended

 Apr 14, 2004 Apr 7, 2004 Apr 16, 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 11,041 0 + 3

Special drawing rights certificate account 2,200 0 0

Coin 834 - 10 - 222

Securities, repurchase agreements, and loans 704,503 + 10,380 + 19,662

Securities held outright 674,717 + 423 + 27,922

U.S. Treasury1 674,717 + 423 + 27,932

Bills2 247,132 + 403 + 11,318

Notes and bonds, nominal2 411,388 0 + 14,612

Notes and bonds, inflation-indexed2 14,464 0 + 1,650

Inflation compensation3 1,733 + 20 + 353

Federal agency2 0 0 - 10

Repurchase agreements4 29,700 + 9,950 - 8,300

Loans 86 + 7 + 40

Items in process of collection (1,080) 5,721 - 639 - 2,563

Bank premises 1,662 + 4 + 103

Other assets5 38,644 - 90 + 842

Total assets (1,080) 764,605 + 9,645 + 17,824

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 684,264 + 486 + 28,752

Reverse repurchase agreements6 19,470 + 398 - 331

Deposits ( 0 ) 34,058 + 9,176 - 8,737

Depository institutions 28,722 + 8,836 - 4,915

U.S. Treasury, general account 4,902 + 341 - 3,919

Foreign official 85 - 11 - 16

Other ( 0 ) 350 + 12 + 114

Deferred availability cash items (1,080) 6,497 - 203 - 2,306

Other liabilities and accrued dividends7 2,269 + 36 + 30

Total liabilities (1,080) 746,559 + 9,894 + 17,410

Capital accounts

Capital paid in 8,983 + 1 + 461

Surplus 8,767 - 80 + 387

Other capital accounts 296 - 170 - 433

Total capital 18,046 - 249 + 414

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 16, 2003

Eliminations from

consolidation Wednesday

 Apr 14, 2004

Wednesday

 Apr 7, 2004

3. Maturity Distribution of Loans and Securities, April 14, 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 41 46,285 + 1,451 0 0 29,700 19,470

16 days to 90 days 46 155,706 - 489 0 0 0 0

91 days to 1 year 0 161,460 - 560 0 0 . . . . . . 

Over 1 year to 5 years . . . 183,807 + 8 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,012 + 5 0 0 . . . . . . 

Over 10 years . . . 77,447 + 7 0 0 . . . . . . 

All 86 674,717 + 423 0 0 29,700 19,470

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 14, 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.

 11,041 2,200 834 704,503 674,717 674,717 247,132 427,585 0 29,700 86 6,801 1,662 38,644 0 765,685

Assets, liabilities, and capital

 4,651 874 36 322,266 292,566 292,566 107,160 185,406 0 29,700 0 322 191 13,988 -19,556 322,772

 494 115 39 31,690 31,683 31,683 11,605 20,078 0 0 7 393 95 1,751 + 3,524 38,100

 382 83 48 20,068 20,068 20,068 7,350 12,717 0 0 0 423 52 1,164 + 1,506 23,726

 452 104 38 28,831 28,831 28,831 10,560 18,271 0 0 0 398 152 2,343 - 263 32,055

 819 147 85 51,281 51,281 51,281 18,783 32,498 0 0 0 637 144 5,962 + 178 59,253

 894 166 81 45,501 45,501 45,501 16,666 28,835 0 0 0 661 279 2,221 + 1,346 51,149

 924 212 115 60,795 60,777 60,777 22,261 38,516 0 0 17 425 128 3,477 - 1,462 64,615

 325 71 64 19,835 19,823 19,823 7,260 12,562 0 0 13 286 49 1,010 + 493 22,133

 2   14,7 14,7 14,7 5,3 9,3    3 1 1,1 - 3 16,2
 806,002

 121,738 684,264 684,264 11,041 2,200 671,023 0 704,417 19,475 684,942

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.

 806,002 121,738 684,264 19,470 34,058 28,722 4,902 85 350 7,577 2,269 747,639 8,983 8,767 296 765,685

 38,862 4,948 33,915 914 1,624 1,614 0 2 9 602 129 37,184 462 448 6 38,100

 323,294 31,404 291,891 8,443 16,864 11,727 4,902 62 174 589 709 318,496 2,105 2,031 140 322,772

 29,468 8,432 21,036 579 948 947 0 1 0 521 93 23,178 275 259 14 23,726

 32,362 5,190 27,172 832 1,943 1,938 0 2 2 532 120 30,599 739 717 0 32,055

 59,906 10,945 48,961 1,480 3,959 3,792 0 7 160 539 238 55,177 2,058 2,019 0 59,253

 64,004 18,084 45,920 1,313 1,925 1,924 0 2 0 832 186 50,177 485 487 0 51,149

 66,645 8,297 58,348 1,754 1,934 1,931 0 3 0 536 216 62,788 909 918 0 64,615

 23,484 3,531 19,953 572 789 786 0 1 3 256 103 21,673 232 228 1 22,133

 15,7 1,4 14,2 4 4 4    4  15,6 2 3  16,2

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 14, 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

 Apr 14, 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.