Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 786,449 - 263 + 44,322 782,861

Securities held outright 719,356 + 1,415 + 41,618 719,372

U.S. Treasury1 719,356 + 1,415 + 41,618 719,372

Bills2 263,005 0 + 12,904 263,005

Notes and bonds, nominal2 434,785 + 1,385 + 23,397 434,785

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

Inflation compensation3 2,457 + 29 + 672 2,473

Federal agency2 0 0 0 0

Repurchase agreements4 26,143 - 1,178 + 1,679 21,500

Loans to depository institutions 111 + 9 + 23 124

Primary credit 5 - 2 - 1 3

Secondary credit 0 0 0 0

Seasonal credit 107 + 11 + 25 121

Float -1,117 - 801 - 371 -112

Other Federal Reserve assets 41,957 + 295 + 1,375 41,978

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,672 + 14 + 830 36,672

Total factors supplying reserve funds 836,362 - 249 + 45,148 832,774

Currency in circulation5 753,795 + 1,062 + 35,290 755,472

Reverse repurchase agreements6 26,355 + 861 + 4,878 26,060

Foreign official and international accounts 26,355 + 861 + 4,878 26,060

Dealers 0 0 0 0

Treasury cash holdings 257 - 3 - 62 254

Deposits with F.R. Banks, other than reserve balances 14,326 - 80 - 2,723 14,082

U.S. Treasury, general account 4,863 - 723 - 1,162 4,618

Foreign official 101 + 6 - 29 79

Service-related 9,028 + 603 - 1,534 9,028

Required clearing balances 9,028 + 603 - 1,533 9,028

Adjustments to compensate for float 0 0 0 0

Other 335 + 35 + 3 357

Other liabilities and capital 28,799 - 69 + 7,877 28,643

Total factors, other than reserve balances,

absorbing reserve funds 823,533 + 1,772 + 45,261 824,510

Reserve balances with Federal Reserve Banks 12,829 - 2,020 - 113 8,264

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,398,940 + 8,123 + 204,582 1,400,271

U.S. Treasury 1,077,108 + 849 + 112,373 1,075,587

Federal agency 321,833 + 7,275 + 92,210 324,684

Securities lent to dealers 3,492 + 1,897 - 221 2,096

FEDERAL RESERVE statistical release

 May 5, 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

 May 4, 2005 Week ended

 May 4, 2005 Apr 27, 2005 May 5, 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 688 - 22 - 111

Securities, repurchase agreements, and loans 740,996 - 8,497 + 43,088

Securities held outright 719,372 + 734 + 41,561

U.S. Treasury1 719,372 + 734 + 41,561

Bills2 263,005 0 + 12,842

Notes and bonds, nominal2 434,785 + 700 + 23,397

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

Inflation compensation3 2,473 + 34 + 677

Federal agency2 0 0 0

Repurchase agreements4 21,500 - 9,250 + 1,500

Loans 124 + 19 + 27

Items in process of collection (1,035) 7,545 + 896 + 702

Bank premises 1,810 + 1 + 138

Other assets5 39,986 + 229 + 739

Total assets (1,035) 804,262 - 7,394 + 44,551

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 719,737 + 921 + 34,113

Reverse repurchase agreements6 26,060 + 992 + 5,407

Deposits ( 0 ) 22,164 - 9,488 - 3,010

Depository institutions 17,110 - 7,805 - 1,742

U.S. Treasury, general account 4,618 - 1,738 - 1,342

Foreign official 79 - 9 - 8

Other ( 0 ) 357 + 63 + 82

Deferred availability cash items (1,035) 7,657 + 57 + 517

Other liabilities and accrued dividends7 3,292 - 40 + 1,021

Total liabilities (1,035) 778,911 - 7,557 + 38,048

Capital accounts

Capital paid in 12,753 + 11 + 3,714

Surplus 11,397 + 40 + 2,550

Other capital accounts 1,200 + 111 + 237

Total capital 25,351 + 163 + 6,502

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 May 5, 2004

Eliminations from

consolidation Wednesday

 May 4, 2005

Wednesday

 Apr 27, 2005

3. Maturity Distribution of Loans and Securities, May 4, 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 5 63,851 + 4,070 0 0 21,500 26,060

16 days to 90 days 118 153,048 - 5,760 0 0 0 0

91 days to 1 year 0 161,061 + 2,029 0 0 . . . . . . 

Over 1 year to 5 years . . . 213,805 - 325 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,365 + 475 0 0 . . . . . . 

Over 10 years . . . 77,241 + 245 0 0 . . . . . . 

All 124 719,372 + 734 0 0 21,500 26,060

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 4, 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 2,200 688 740,996 719,372 719,372 263,005 456,367 0 21,500 124 8,580 1,810 39,986 0 805,297

Assets, liabilities, and capital

 4,355 874 36 306,757 285,256 285,256 104,291 180,965 0 21,500 2 393 199 15,020 - 855 326,781

 510 115 21 36,805 36,805 36,805 13,456 23,349 0 0 0 477 103 3,465 - 275 41,221

 432 83 58 25,519 25,519 25,519 9,330 16,189 0 0 0 393 54 1,171 + 4,040 31,751

 453 104 55 30,390 30,390 30,390 11,111 19,279 0 0 0 1,587 156 2,627 - 186 35,184

 836 147 50 54,900 54,900 54,900 20,072 34,828 0 0 0 418 143 5,189 + 2,201 63,883

 945 166 79 55,658 55,654 55,654 20,347 35,307 0 0 4 862 274 2,267 + 996 61,248

 928 212 122 64,839 64,783 64,783 23,685 41,098 0 0 56 384 180 2,791 + 985 70,440

 327 71 36 22,334 22,323 22,323 8,161 14,161 0 0 12 232 61 961 - 42 23,981

 2   15,0 15,0 15,0 5,4 9,5    5 1 8 - 2 16,5
 856,894

 137,157 719,737 719,737 11,037 2,200 706,500 0 740,872 26,079 714,793

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.

 856,894 137,157 719,737 26,060 22,164 17,110 4,618 79 357 8,692 3,292 779,946 12,753 11,397 1,200 805,297

 39,749 4,444 35,305 1,333 986 977 0 5 4 700 200 38,524 1,550 1,136 11 41,221

 338,327 39,964 298,363 10,334 8,890 4,050 4,618 51 171 871 1,092 319,550 3,504 3,430 298 326,781

 35,837 7,474 28,363 924 1,150 1,149 0 1 0 570 125 31,133 303 294 21 31,751

 35,382 5,311 30,070 1,101 902 898 0 4 0 788 177 33,038 1,096 1,049 0 35,184

 66,030 12,359 53,671 1,989 2,315 2,135 0 7 173 514 333 58,822 2,560 2,148 353 63,883

 76,459 21,891 54,567 2,016 1,834 1,832 0 2 0 1,305 266 59,988 648 516 96 61,248

 73,223 9,206 64,017 2,347 1,612 1,609 0 3 1 458 308 68,741 830 763 106 70,440

 24,577 3,005 21,573 809 614 611 0 1 2 197 125 23,317 321 236 108 23,981

 16,4 1,9 14,5 5 3 3    5  16,0 2 2  16,5

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on May 4, 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

 May 4, 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.