Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 746,417 - 3,190 + 33,209 752,783

Securities held outright 683,066 + 1,598 + 31,481 683,932

U.S. Treasury1 683,066 + 1,598 + 31,491 683,932

Bills2 251,904 + 1,442 + 13,504 251,908

Notes and bonds, nominal2 414,802 + 143 + 15,949 415,659

Notes and bonds, inflation-indexed2 14,464 0 + 1,650 14,464

Inflation compensation3 1,895 + 12 + 387 1,900

Federal agency2 0 0 - 10 0

Repurchase agreements4 24,821 - 4,929 + 1,535 30,250

Loans to depository institutions 158 + 31 + 96 157

Primary credit 32 + 24 + 30 32

Secondary credit 0 0 0 0

Seasonal credit 126 + 7 + 65 125

Float -98 - 27 + 2 -135

Other Federal Reserve assets 38,470 + 137 + 95 38,579

Gold stock 11,045 0 + 1 11,045

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

Treasury currency outstanding5 35,797 + 14 + 799 35,797

Total factors supplying reserve funds 795,459 - 3,176 + 34,009 801,825

Currency in circulation5 726,198 - 223 + 34,008 726,682

Reverse repurchase agreements6 20,304 - 94 - 512 19,942

Foreign official and international accounts 20,304 - 94 - 512 19,942

Dealers 0 0 0 0

Treasury cash holdings 323 + 3 - 62 326

Deposits with F.R. Banks, other than reserve balances 15,221 + 599 - 2,552 15,696

U.S. Treasury, general account 4,698 + 606 - 1,817 5,215

Foreign official 92 - 11 - 47 85

Service-related 10,149 - 1 - 729 10,149

Required clearing balances 10,149 - 1 - 683 10,149

Adjustments to compensate for float 0 0 - 45 0

Other 282 + 5 + 41 247

Other liabilities and capital 21,585 - 75 + 1,395 21,218

Total factors, other than reserve balances,

absorbing reserve funds 783,631 + 210 + 32,277 783,864

Reserve balances with Federal Reserve Banks 11,828 - 3,385 + 1,732 17,961

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,228,148 + 7,424 + 292,682 1,230,805

U.S. Treasury 993,491 + 8,639 + 246,900 997,535

Federal agency 234,656 - 1,216 + 45,781 233,269

Securities lent to dealers 1,539 - 1,212 + 772 1,544

FEDERAL RESERVE statistical release

 June 10, 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

 Jun 9, 2004 Week ended

 Jun 9, 2004 Jun 2, 2004 Jun 11, 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 11,041 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 726 + 8 - 200

Securities, repurchase agreements, and loans 714,339 + 10,194 + 30,162

Securities held outright 683,932 + 2,449 + 32,319

U.S. Treasury1 683,932 + 2,449 + 32,329

Bills2 251,908 + 1,436 + 13,478

Notes and bonds, nominal2 415,659 + 1,000 + 16,806

Notes and bonds, inflation-indexed2 14,464 0 + 1,650

Inflation compensation3 1,900 + 12 + 395

Federal agency2 0 0 - 10

Repurchase agreements4 30,250 + 7,750 - 2,250

Loans 157 - 5 + 92

Items in process of collection (936) 6,349 - 2,365 - 882

Bank premises 1,685 + 2 + 106

Other assets5 36,831 + 290 - 179

Total assets (936) 773,171 + 8,129 + 29,007

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 691,932 - 1,419 + 32,546

Reverse repurchase agreements6 19,942 - 350 - 1,269

Deposits ( 0 ) 33,598 + 11,756 - 2,095

Depository institutions 28,051 + 8,181 - 1,298

U.S. Treasury, general account 5,215 + 3,623 - 816

Foreign official 85 + 3 + 5

Other ( 0 ) 247 - 51 + 14

Deferred availability cash items (936) 6,481 - 1,679 - 1,274

Other liabilities and accrued dividends7 2,475 + 71 + 120

Total liabilities (936) 754,428 + 8,379 + 28,028

Capital accounts

Capital paid in 9,201 - 3 + 545

Surplus 8,847 0 + 467

Other capital accounts 695 - 247 - 33

Total capital 18,743 - 249 + 979

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 11, 2003

Eliminations from

consolidation Wednesday

 Jun 9, 2004

Wednesday

 Jun 2, 2004

3. Maturity Distribution of Loans and Securities, June 9, 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 34 47,092 - 849 0 0 30,250 19,942

16 days to 90 days 123 166,556 + 7,787 0 0 0 0

91 days to 1 year 0 155,813 - 5,502 0 0 . . . . . . 

Over 1 year to 5 years . . . 186,170 + 730 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,577 + 278 0 0 . . . . . . 

Over 10 years . . . 76,723 + 4 0 0 . . . . . . 

All 157 683,932 + 2,449 0 0 30,250 19,942

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 9, 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.

 11,041 2,200 726 714,339 683,932 683,932 251,908 432,024 0 30,250 157 7,285 1,685 36,831 0 774,107

Assets, liabilities, and capital

 4,651 874 25 326,812 296,562 296,562 109,231 187,331 0 30,250 0 360 191 13,231 -22,102 324,042

 494 115 31 32,116 32,116 32,116 11,829 20,287 0 0 0 398 96 1,668 + 3,013 37,931

 382 83 39 20,342 20,342 20,342 7,492 12,849 0 0 0 368 52 1,027 + 2,929 25,222

 452 104 32 29,225 29,225 29,225 10,764 18,460 0 0 0 357 154 2,274 - 1,556 31,042

 819 147 69 51,982 51,982 51,982 19,146 32,836 0 0 0 391 144 5,829 - 1,744 57,637

 894 166 74 46,127 46,123 46,123 16,988 29,135 0 0 4 758 279 2,100 + 3,223 53,620

 924 212 89 61,659 61,608 61,608 22,691 38,916 0 0 52 490 132 3,323 + 157 66,986

 325 71 53 20,109 20,093 20,093 7,401 12,692 0 0 15 420 51 966 + 410 22,405

 2   14,9 14,9 14,9 5,4 9,4    4 1 1,0 - 4 16,4
 808,410

 116,477 691,932 691,932 11,041 2,200 678,691 0 714,182 19,947 694,235

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.

 808,410 116,477 691,932 19,942 33,598 28,051 5,215 85 247 7,417 2,475 755,363 9,201 8,847 695 774,107

 37,944 4,098 33,846 936 1,450 1,443 0 2 5 540 136 36,909 506 448 68 37,931

 319,431 28,262 291,169 8,647 18,453 13,013 5,215 62 164 617 779 319,664 2,115 2,031 233 324,042

 31,054 8,463 22,591 593 914 913 0 1 0 462 98 24,658 278 259 27 25,222

 32,054 5,453 26,602 852 1,559 1,555 0 2 1 420 130 29,562 732 727 21 31,042

 58,907 10,506 48,401 1,516 2,774 2,693 0 7 74 527 276 53,493 2,064 2,074 6 57,637

 67,142 18,862 48,280 1,345 1,921 1,920 0 2 0 844 196 52,586 509 489 37 53,620

 67,953 7,400 60,552 1,796 1,814 1,811 0 3 0 570 236 64,969 1,020 924 73 66,986

 23,541 3,074 20,467 586 542 540 0 1 1 228 110 21,933 232 228 13 22,405

 15,6 1,2 14,3 4 4 4    5  15,8 2 3  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 9, 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

 Jun 9, 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.