FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                           October 14, 2004
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Oct 13, 2004  Oct 6, 2004 Oct 15, 2003 Oct 13, 2004
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. Treasury (1)                                       701,602    +     911    +  45,196      701,617
       Bills (2)                                            258,864    +      54    +  17,065      258,878
       Notes and bonds, nominal (2)                         425,339    +     856    +  25,744      425,339
       Notes and bonds, inflation-indexed (2)                15,262            0    +   1,808       15,262
       Inflation compensation (3)                             2,137    +       2    +     580        2,138
    Federal agency (2)                                            0            0    -      10            0      
 Repurchase agreements(4)                                    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 outstanding (5)                            36,295    +      14    +   1,006       36,295
       
Total factors supplying reserve funds                       818,321    +   3,881    +  46,971      823,362
                                                                   
Currency in circulation(5)                                  742,571    +   4,001    +  39,450      743,398
Reverse repurchase agreements (6)                            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 accounts(2,7)         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   


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.


2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Oct 13, 2004      Oct 6, 2004     Oct 15, 2003

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. Treasury (1)                                        701,617        +      31        +  45,128       
         Bills (2)                                             258,878        +      29        +  16,999
         Notes and bonds, nominal (2)                          425,339                0        +  25,744
         Notes and bonds, inflation-indexed (2)                 15,262                0        +   1,808
         Inflation compensation (3)                              2,138        +       2        +     577
      Federal agency (2)                                             0                0        -      10
   Repurchase agreements (4)                                    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 assets (5)                                                38,439        +     469        +     133
      Total assets                                  (528)      796,811        +  13,718        +  41,697
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  708,146        +   2,551        +  38,085
Reverse repurchase agreements (6)                               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 dividends (7)                      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


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 securites.
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.



3. Maturity Distribution of Loans and Securities,   October 13, 2004
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
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 to 5 years     ------        201,941   +       1            0           0     ------      ------
Over 5 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

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.



4. Statement of Condition of Each Federal Reserve Bank on   October 13, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,039        494      4,649        382        452        819        894        924        325        218        302        525      1,055
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             748         17         44         45         44         71         81         99         49         21         48        123        107
Securities, repurchase agreements,
      and loans                              732,053     32,946    334,480     20,879     29,980     53,326     47,329     63,258     20,628     15,361     18,464     31,994     63,407
   Securities held outright                  701,617     32,946    304,230     20,868     29,980     53,326     47,315     63,201     20,613     15,303     18,437     31,990     63,407
      U.S. Treasury (1)                      701,617     32,946    304,230     20,868     29,980     53,326     47,315     63,201     20,613     15,303     18,437     31,990     63,407
         Bills (2)                           258,878     12,156    112,253      7,700     11,062     19,676     17,458     23,319      7,606      5,646      6,803     11,804     23,396
         Notes and bonds(3)                  442,739     20,790    191,978     13,168     18,918     33,650     29,857     39,881     13,007      9,657     11,634     20,187     40,012
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,250          0     30,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      186          0          0         12          0          0         14         58         15         58         27          4          0
Items in process of collection                11,128        722        987        440        782        486        686        825        895        606      1,073        551      3,075
Bank premises                                  1,732         97        191         52        154        144        278        145         59        123         78        230        180
Other assets(5)                               38,439      1,741     13,867      1,107      2,359      5,987      2,215      3,470      1,005      1,134        797        986      3,771
Interdistrict settlement account                   0    + 3,081    -37,264    + 3,882    +   801    + 1,942    +11,238    + 2,497    + 1,316    -   585    + 1,675    + 3,057    + 8,361
          Total Assets                       797,339     39,213    317,828     26,870     34,676     62,922     62,886     71,431     24,348     16,909     22,502     37,564     80,189

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 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.




4. Statement of Condition of Each Federal Reserve Bank on   October 13, 2004
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             831,945     38,030    321,213     33,144     34,952     64,674     72,964     69,767     25,256     16,117     24,584     42,231     89,013
  Less: notes held by F.R. Banks              123,798      4,086     33,288      8,832      5,513     11,746     16,712      8,485      3,180      1,573      4,509      7,546     18,327
    Federal Reserve notes, net                708,146     33,943    287,925     24,312     29,439     52,928     56,252     61,281     22,076     14,544     20,075     34,685     70,686
Reverse repurchase agreements (1)              24,985      1,173     10,834        743      1,068      1,899      1,685      2,251        734        545        657      1,139      2,258
Deposits                                       31,292        968     12,646        602      1,828      3,047      2,648      4,669        653        406        799        803      2,222
  Depository institutions                      25,447        966      6,949        601      1,824      2,923      2,645      4,666        651        405        798        802      2,218
  U.S. Treasury, general account                5,466          0      5,466          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 86          2         63          1          2          7          2          3          1          1          1          0          4
  Other                                           292          0        168          1          1        116          2          0          1          0          1          0          0
Deferred availability cash items                9,437        703        976        520        644        509        997        869        276        701        544        513      2,184
Other liabilities and accrued                 
  dividends (2)                                 2,905        170        920        108        143        306        238        266        119         93        103        140        297
   
    Total liabilities                         776,765     36,957    313,301     26,285     33,122     58,689     61,821     69,336     23,858     16,289     22,179     37,281     77,646
                              
Capital                    
Capital paid in                                10,511      1,634      2,163        286        762      2,093        518      1,025        238        263        149        131      1,249
Surplus                                         8,847        448      2,031        259        727      2,074        489        924        228        346        162        111      1,048
Other capital                                   1,217        174        333         41         65         66         58        145         23         12         12         41        246
     Total liabilities and capital            797,339     39,213    317,828     26,870     34,676     62,922     62,886     71,431     24,348     16,909     22,502     37,564     80,189
                              

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.


5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars



Federal Reserve notes and collateral        Wednesday
                                          Oct 13, 2004
              
Federal Reserve notes outstanding             831,945
   Less: Notes held by F.R. Banks
         not subject to collateralization     123,798
      Federal Reserve Notes to be
         collateralized                       708,146 
Collateral held against Federal Reserve            
   notes                                      708,146
   Gold certificate account                    11,039
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              694,907
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         731,867
   Less:face value of securities under
         reverse repurchase agreements         24,996
      U.S. Treasury and agency securities
             eligible to be pledged           706,870
   

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 of inflation-indexed securities, and cash value of repurchase agreements.