Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 784,230 + 3,673 + 51,990 782,165

Securities held outright 717,855 + 28 + 50,593 717,898

U.S. Treasury1 717,855 + 28 + 50,593 717,898

Bills2 262,980 + 10 + 17,507 263,005

Notes and bonds, nominal2 435,143 - 1,286 + 28,970 433,429

Notes and bonds, inflation-indexed2 17,394 + 1,286 + 3,400 19,108

Inflation compensation3 2,337 + 18 + 715 2,356

Federal agency2 0 0 0 0

Repurchase agreements4 26,321 + 4,428 + 3,107 24,250

Loans to depository institutions 61 - 16 + 38 83

Primary credit 42 - 13 + 32 71

Secondary credit 0 0 0 0

Seasonal credit 19 - 3 + 6 12

Float 67 - 1,092 - 267 -10

Other Federal Reserve assets 39,927 + 325 - 1,480 39,945

Gold stock 11,043 - 2 0 11,042

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

Treasury currency outstanding5 36,561 + 14 + 994 36,561

Total factors supplying reserve funds 834,034 + 3,685 + 52,985 831,969

Currency in circulation5 747,138 + 149 + 36,978 749,717

Reverse repurchase agreements6 26,805 - 648 + 6,224 27,872

Foreign official and international accounts 26,805 - 648 + 6,224 27,872

Dealers 0 0 0 0

Treasury cash holdings 272 - 20 - 84 291

Deposits with F.R. Banks, other than reserve balances 14,428 - 185 - 1,920 14,507

U.S. Treasury, general account 5,070 - 182 + 169 5,097

Foreign official 97 + 14 + 14 156

Service-related 8,945 - 3 - 1,999 8,945

Required clearing balances 8,945 - 2 - 1,669 8,945

Adjustments to compensate for float 0 - 2 - 330 0

Other 316 - 14 - 105 309

Other liabilities and capital 26,615 + 381 + 6,230 26,551

Total factors, other than reserve balances,

absorbing reserve funds 815,258 - 323 + 47,429 818,937

Reserve balances with Federal Reserve Banks 18,775 + 4,007 + 5,555 13,032

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,346,495 - 875 + 229,545 1,344,370

U.S. Treasury 1,061,800 - 8,248 + 172,332 1,058,594

Federal agency 284,695 + 7,373 + 57,214 285,776

Securities lent to dealers 3,639 + 2,435 + 3,290 5,641

FEDERAL RESERVE statistical release

 February 3, 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

 Feb 2, 2005 Week ended

 Feb 2, 2005 Jan 26, 2005 Feb 4, 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 11,038 - 3 0

Special drawing rights certificate account 2,200 0 0

Coin 806 + 21 - 52

Securities, repurchase agreements, and loans 742,231 - 4,415 + 51,666

Securities held outright 717,898 + 71 + 50,606

U.S. Treasury1 717,898 + 71 + 50,606

Bills2 263,005 + 35 + 17,500

Notes and bonds, nominal2 433,429 - 3,000 + 27,256

Notes and bonds, inflation-indexed2 19,108 + 3,000 + 5,114

Inflation compensation3 2,356 + 36 + 736

Federal agency2 0 0 0

Repurchase agreements4 24,250 - 4,500 + 1,000

Loans 83 + 14 + 60

Items in process of collection (958) 7,946 + 1,742 - 935

Bank premises 1,781 + 3 + 137

Other assets5 40,366 + 157 + 511

Total assets (958) 806,368 - 2,494 + 51,327

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 714,249 + 2,257 + 35,949

Reverse repurchase agreements6 27,872 - 3,202 + 7,446

Deposits ( 0 ) 29,741 - 3,627 + 2,234

Depository institutions 24,179 - 3,679 + 2,897

U.S. Treasury, general account 5,097 - 20 - 631

Foreign official 156 + 80 + 76

Other ( 0 ) 309 - 8 - 109

Deferred availability cash items (958) 7,956 + 1,796 - 626

Other liabilities and accrued dividends7 2,834 - 2 + 624

Total liabilities (958) 782,652 - 2,777 + 45,627

Capital accounts

Capital paid in 12,437 + 417 + 3,548

Surplus 10,996 + 2 + 2,149

Other capital accounts 283 - 137 + 3

Total capital 23,716 + 283 + 5,700

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 4, 2004

Eliminations from

consolidation Wednesday

 Feb 2, 2005

Wednesday

 Jan 26, 2005

3. Maturity Distribution of Loans and Securities, February 2, 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 74 55,168 - 2,582 0 0 24,250 27,872

16 days to 90 days 8 156,730 + 3,571 0 0 0 0

91 days to 1 year 0 167,654 - 2,027 0 0 . . . . . . 

Over 1 year to 5 years . . . 207,754 - 1,930 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,786 0 0 0 . . . . . . 

Over 10 years . . . 78,806 + 3,038 0 0 . . . . . . 

All 83 717,898 + 70 0 0 24,250 27,872

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 2, 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.

 11,038 2,200 806 742,231 717,898 717,898 263,005 454,893 0 24,250 83 8,904 1,781 40,366 0 807,326

Assets, liabilities, and capital

 4,648 874 48 335,551 311,290 311,290 114,042 197,248 0 24,250 11 515 197 15,734 -23,837 333,730

 494 115 21 33,712 33,711 33,711 12,350 21,361 0 0 2 467 101 3,427 + 2,621 40,958

 382 83 61 21,374 21,352 21,352 7,822 13,530 0 0 22 388 53 1,083 + 4,169 27,594

 452 104 59 30,676 30,676 30,676 11,238 19,438 0 0 0 743 157 2,664 - 1,028 33,826

 819 147 75 54,563 54,563 54,563 19,990 34,574 0 0 0 426 143 5,251 + 2,203 63,628

 894 166 92 48,416 48,413 48,413 17,736 30,677 0 0 3 1,135 275 2,128 + 8,841 61,947

 924 212 123 64,672 64,667 64,667 23,691 40,976 0 0 5 617 165 2,823 + 642 70,178

 325 71 36 21,112 21,091 21,091 7,727 13,364 0 0 21 362 63 944 + 1,592 24,506

 2   15,6 15,6 15,6 5,7 9,9    5 1 8 - 7 16,6
 852,862

 138,613 714,249 714,249 11,038 2,200 701,011 0 742,148 27,888 714,260

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.

 852,862 138,613 714,249 27,872 29,741 24,179 5,097 156 309 8,914 2,834 783,610 12,437 10,996 283 807,326

 39,903 4,842 35,061 1,309 1,146 1,123 0 5 17 716 159 38,391 1,638 929 0 40,958

 341,740 42,157 299,583 12,085 13,114 7,714 5,097 127 176 952 1,000 326,736 3,430 3,430 135 333,730

 32,956 8,178 24,778 829 714 713 0 1 0 570 101 26,992 297 294 11 27,594

 34,173 5,456 28,717 1,191 1,200 1,196 0 4 0 620 153 31,880 1,091 855 0 33,826

 64,516 12,431 52,085 2,118 3,841 3,724 0 7 110 628 263 58,936 2,538 2,148 6 63,628

 73,182 17,944 55,239 1,880 2,534 2,532 0 2 0 1,105 216 60,973 426 516 32 61,947

 72,785 9,490 63,295 2,511 1,945 1,942 0 3 1 561 274 68,585 787 763 42 70,178

 24,882 2,682 22,201 819 513 510 0 1 2 194 111 23,837 400 236 34 24,506

 16,3 1,9 14,4 6 3 3    6  16,1 2 2  16,6

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 2, 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

 Feb 2, 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.