Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 774,767 + 1,416 + 52,527 781,192

Securities held outright 708,823 + 1,800 + 48,610 708,909

U.S. Treasury1 708,823 + 1,800 + 48,620 708,909

Bills2 259,638 + 318 + 16,918 259,720

Notes and bonds, nominal2 431,328 + 1,031 + 28,906 431,328

Notes and bonds, inflation-indexed2 15,683 + 421 + 2,229 15,683

Inflation compensation3 2,174 + 30 + 568 2,178

Federal agency2 0 0 - 10 0

Repurchase agreements4 23,643 - 643 + 3,179 29,500

Loans to depository institutions 85 - 30 + 33 77

Primary credit 6 - 2 + 3 1

Secondary credit 0 0 0 0

Seasonal credit 79 - 28 + 31 77

Float 67 - 261 - 393 487

Other Federal Reserve assets 42,149 + 550 + 1,098 42,219

Gold stock 11,043 0 0 11,043

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

Treasury currency outstanding5 36,349 + 14 + 1,005 36,349

Total factors supplying reserve funds 824,359 + 1,430 + 53,532 830,784

Currency in circulation5 745,452 + 2,926 + 39,121 749,504

Reverse repurchase agreements6 27,110 + 266 + 9,556 27,467

Foreign official and international accounts 27,110 + 266 + 9,556 27,467

Dealers 0 0 0 0

Treasury cash holdings 303 + 3 - 72 300

Deposits with F.R. Banks, other than reserve balances 15,999 - 263 - 853 15,522

U.S. Treasury, general account 5,012 - 263 + 136 4,565

Foreign official 122 + 37 + 31 82

Service-related 10,572 + 1 - 1,003 10,572

Required clearing balances 10,572 + 1 - 849 10,572

Adjustments to compensate for float 0 0 - 154 0

Other 293 - 38 - 16 304

Other liabilities and capital 24,079 + 200 + 3,836 23,771

Total factors, other than reserve balances,

absorbing reserve funds 812,943 + 3,132 + 51,588 816,563

Reserve balances with Federal Reserve Banks 11,415 - 1,703 + 1,943 14,221

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,305,946 + 5,147 + 303,693 1,308,021

U.S. Treasury 1,058,699 + 6,094 + 259,245 1,060,859

Federal agency 247,247 - 946 + 44,448 247,162

Securities lent to dealers 1,699 + 1,258 + 197 2,770

FEDERAL RESERVE statistical release

 November 12, 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

 Nov 10, 2004 Week ended

 Nov 10, 2004 Nov 3, 2004 Nov 12, 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 772 - 7 - 47

Securities, repurchase agreements, and loans 738,487 + 10,025 + 54,147

Securities held outright 708,909 + 779 + 48,620

U.S. Treasury1 708,909 + 779 + 48,630

Bills2 259,720 + 327 + 16,928

Notes and bonds, nominal2 431,328 0 + 28,906

Notes and bonds, inflation-indexed2 15,683 + 421 + 2,229

Inflation compensation3 2,178 + 31 + 568

Federal agency2 0 0 - 10

Repurchase agreements4 29,500 + 9,250 + 5,500

Loans 77 - 5 + 26

Items in process of collection (836) 7,071 - 643 + 284

Bank premises 1,745 + 4 + 145

Other assets5 40,517 + 548 + 801

Total assets (836) 801,832 + 9,929 + 55,331

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 714,224 + 4,612 + 39,855

Reverse repurchase agreements6 27,467 + 955 + 10,081

Deposits ( 0 ) 29,792 + 4,683 + 2,068

Depository institutions 24,842 + 5,158 + 2,192

U.S. Treasury, general account 4,565 - 406 - 49

Foreign official 82 0 - 65

Other ( 0 ) 304 - 68 - 10

Deferred availability cash items (836) 6,579 - 466 + 3

Other liabilities and accrued dividends7 2,887 - 62 + 573

Total liabilities (836) 780,948 + 9,721 + 52,579

Capital accounts

Capital paid in 10,617 + 73 + 1,833

Surplus 8,847 0 + 467

Other capital accounts 1,419 + 134 + 451

Total capital 20,883 + 207 + 2,751

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 12, 2003

Eliminations from

consolidation Wednesday

 Nov 10, 2004

Wednesday

 Nov 3, 2004

3. Maturity Distribution of Loans and Securities, November 10, 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 14 41,934 - 14,265 0 0 29,500 27,467

16 days to 90 days 63 167,164 + 15,083 0 0 0 0

91 days to 1 year 0 168,865 + 584 0 0 . . . . . . 

Over 1 year to 5 years . . . 203,793 + 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,330 - 730 0 0 . . . . . . 

Over 10 years . . . 76,822 + 102 0 0 . . . . . . 

All 77 708,909 + 779 0 0 29,500 27,467

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 10, 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 2,200 772 738,487 708,909 708,909 259,720 449,190 0 29,500 77 7,907 1,745 40,517 0 802,668

Assets, liabilities, and capital

 4,649 874 43 336,892 307,392 307,392 112,618 194,775 0 29,500 0 413 191 14,626 -33,512 324,177

 494 115 22 33,289 33,289 33,289 12,196 21,093 0 0 0 369 98 1,845 + 3,836 40,067

 382 83 58 21,090 21,085 21,085 7,725 13,360 0 0 5 610 52 1,134 + 5,759 29,167

 452 104 54 30,292 30,292 30,292 11,098 19,194 0 0 0 656 154 2,485 - 100 34,097

 819 147 68 53,880 53,880 53,880 19,740 34,140 0 0 0 343 144 6,282 + 2,396 64,080

 894 166 78 47,814 47,807 47,807 17,515 30,292 0 0 7 825 278 2,333 + 9,997 62,383

 924 212 110 63,874 63,857 63,857 23,395 40,462 0 0 17 631 147 3,671 + 710 70,280

 325 71 41 20,829 20,827 20,827 7,630 13,197 0 0 2 470 62 1,067 + 1,485 24,350

 2   15,4 15,4 15,4 5,6 9,7    4 1 1,1 - 8 16,7
 839,330

 125,106 714,224 714,224 11,039 2,200 700,985 0 738,409 27,557 710,852

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.

 839,330 125,106 714,224 27,467 29,792 24,842 4,565 82 304 7,414 2,887 781,784 10,617 8,847 1,419 802,668

 37,735 4,261 33,474 1,290 2,238 2,233 0 2 3 526 177 37,705 1,634 448 280 40,067

 326,702 31,649 295,052 11,910 10,914 6,098 4,565 58 192 790 942 319,608 2,165 2,031 374 324,177

 32,933 8,341 24,592 817 2,415 2,414 0 1 0 633 109 28,565 293 259 51 29,167

 34,750 5,589 29,161 1,174 1,583 1,579 0 2 2 408 148 32,473 836 727 61 34,097

 65,586 12,163 53,422 2,088 3,578 3,471 0 7 100 433 314 59,835 2,098 2,074 73 64,080

 73,032 17,162 55,871 1,852 2,419 2,417 0 2 0 928 227 61,297 526 489 71 62,383

 72,191 9,060 63,130 2,474 1,841 1,837 0 3 1 461 272 68,177 1,028 924 151 70,280

 25,276 2,980 22,296 807 504 499 0 1 4 129 118 23,854 241 228 27 24,350

 16,2 1,8 14,4 5 4 4    5  16,1 2 3  16,7

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 10, 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

 Nov 10, 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.