Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 770,604 + 75 + 43,772 772,409

Securities held outright 705,165 + 2,504 + 47,199 706,730

U.S. Treasury1 705,165 + 2,504 + 47,209 706,730

Bills2 259,117 + 49 + 16,956 259,201

Notes and bonds, nominal2 428,645 + 2,454 + 27,886 430,125

Notes and bonds, inflation-indexed2 15,262 0 + 1,808 15,262

Inflation compensation3 2,141 + 2 + 559 2,142

Federal agency2 0 0 - 10 0

Repurchase agreements4 24,000 - 2,964 - 4,071 23,750

Loans to depository institutions 198 + 25 + 108 140

Primary credit 51 + 46 + 32 0

Secondary credit 0 0 0 0

Seasonal credit 147 - 21 + 76 140

Float 141 - 247 + 259 434

Other Federal Reserve assets 41,100 + 758 + 278 41,356

Gold stock 11,043 0 0 11,043

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

Treasury currency outstanding5 36,323 + 14 + 1,018 36,323

Total factors supplying reserve funds 820,170 + 89 + 44,789 821,976

Currency in circulation5 740,688 - 716 + 38,683 742,412

Reverse repurchase agreements6 26,297 + 866 + 7,123 25,761

Foreign official and international accounts 26,297 + 866 + 7,123 25,761

Dealers 0 0 0 0

Treasury cash holdings 301 + 2 - 98 299

Deposits with F.R. Banks, other than reserve balances 15,814 - 316 - 1,105 15,486

U.S. Treasury, general account 4,948 - 284 - 177 4,582

Foreign official 86 - 13 + 5 113

Service-related 10,489 - 2 - 942 10,489

Required clearing balances 10,488 - 3 - 851 10,488

Adjustments to compensate for float 0 0 - 92 0

Other 291 - 17 + 8 303

Other liabilities and capital 24,102 + 222 + 3,596 23,608

Total factors, other than reserve balances,

absorbing reserve funds 807,202 + 57 + 48,199 807,566

Reserve balances with Federal Reserve Banks 12,968 + 32 - 3,410 14,410

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,299,081 + 4,839 + 303,461 1,298,001

U.S. Treasury 1,051,206 + 3,583 + 256,551 1,049,867

Federal agency 247,874 + 1,256 + 46,909 248,134

Securities lent to dealers 1,553 + 1,180 + 478 2,831

FEDERAL RESERVE statistical release

 October 28, 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

 Oct 27, 2004 Week ended

 Oct 27, 2004 Oct 20, 2004 Oct 29, 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 767 + 9 - 59

Securities, repurchase agreements, and loans 730,620 + 6,378 + 43,856

Securities held outright 706,730 + 3,917 + 48,048

U.S. Treasury1 706,730 + 3,917 + 48,058

Bills2 259,201 + 123 + 16,893

Notes and bonds, nominal2 430,125 + 3,792 + 28,803

Notes and bonds, inflation-indexed2 15,262 0 + 1,808

Inflation compensation3 2,142 + 2 + 555

Federal agency2 0 0 - 10

Repurchase agreements4 23,750 + 2,500 - 4,250

Loans 140 - 39 + 58

Items in process of collection (839) 6,630 - 782 + 187

Bank premises 1,748 + 13 + 152

Other assets5 39,657 + 763 + 368

Total assets (839) 792,661 + 6,382 + 44,503

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 707,151 + 432 + 37,784

Reverse repurchase agreements6 25,761 - 82 + 6,475

Deposits ( 0 ) 29,945 + 6,442 - 2,656

Depository institutions 24,947 + 6,604 - 1,613

U.S. Treasury, general account 4,582 - 203 - 1,090

Foreign official 113 + 37 + 28

Other ( 0 ) 303 + 4 + 20

Deferred availability cash items (839) 6,196 - 253 - 603

Other liabilities and accrued dividends7 2,849 + 52 + 546

Total liabilities (839) 771,902 + 6,591 + 41,547

Capital accounts

Capital paid in 10,527 + 4 + 1,785

Surplus 8,847 0 + 467

Other capital accounts 1,385 - 213 + 704

Total capital 20,760 - 208 + 2,957

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 29, 2003

Eliminations from

consolidation Wednesday

 Oct 27, 2004

Wednesday

 Oct 20, 2004

3. Maturity Distribution of Loans and Securities, October 27, 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 127 35,892 - 14,743 0 0 23,750 25,761

16 days to 90 days 14 170,306 + 14,881 0 0 0 0

91 days to 1 year 0 169,363 + 1,578 0 0 . . . . . . 

Over 1 year to 5 years . . . 203,509 + 1,397 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,942 + 403 0 0 . . . . . . 

Over 10 years . . . 76,718 + 401 0 0 . . . . . . 

All 140 706,730 + 3,917 0 0 23,750 25,761

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 27, 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 2,200 767 730,620 706,730 706,730 259,201 447,529 0 23,750 140 7,469 1,748 39,657 0 793,500

Assets, liabilities, and capital

 4,649 874 45 330,197 306,447 306,447 112,393 194,055 0 23,750 0 504 196 14,292 -30,198 320,560

 494 115 19 33,186 33,186 33,186 12,171 21,015 0 0 0 351 98 1,807 + 2,962 39,032

 382 83 49 21,028 21,020 21,020 7,709 13,311 0 0 8 402 52 1,108 + 3,698 26,801

 452 104 43 30,199 30,199 30,199 11,076 19,123 0 0 0 496 155 2,441 + 305 34,194

 819 147 70 53,715 53,715 53,715 19,700 34,014 0 0 0 341 144 6,175 + 1,652 63,064

 894 166 85 47,675 47,660 47,660 17,480 30,180 0 0 15 648 278 2,273 + 9,600 61,618

 924 212 108 63,700 63,661 63,661 23,348 40,313 0 0 39 798 145 3,593 + 132 69,611

 325 71 47 20,769 20,763 20,763 7,615 13,148 0 0 6 467 60 1,045 + 1,504 24,287

 2   15,4 15,4 15,4 5,6 9,7    5 1 1,1 - 7 16,8
 833,705

 126,554 707,151 707,151 11,039 2,200 693,912 0 730,480 25,774 704,706

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.

 833,705 126,554 707,151 25,761 29,945 24,947 4,582 113 303 7,035 2,849 772,741 10,527 8,847 1,385 793,500

 37,754 4,429 33,325 1,210 1,494 1,487 0 2 6 509 173 36,711 1,634 448 239 39,032

 322,039 32,515 289,523 11,170 13,610 8,760 4,582 90 177 779 918 316,000 2,165 2,031 365 320,560

 33,157 8,945 24,212 766 677 676 0 1 0 437 109 26,200 292 259 50 26,801

 34,816 5,720 29,097 1,101 1,845 1,841 0 2 1 451 143 32,636 762 727 68 34,194

 65,202 11,989 53,212 1,958 2,928 2,809 0 7 112 388 312 58,798 2,097 2,074 94 63,064

 73,106 17,439 55,668 1,737 2,038 2,035 0 2 2 868 235 60,546 518 489 65 61,618

 70,769 8,831 61,938 2,320 2,540 2,535 0 3 1 441 262 67,501 1,028 924 158 69,611

 25,331 3,178 22,153 757 591 590 0 1 1 178 118 23,798 240 228 21 24,287

 16,0 1,5 14,5 5 3 3    5  16,2 2 3  16,8

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 27, 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

 Oct 27, 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.