FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                            August 25, 2005
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Aug 24, 2005 Aug 17, 2005 Aug 25, 2004 Aug 24, 2005
Federal Reserve Banks

Reserve Bank Credit                                         791,441    -   2,267    +  36,236      793,765
 Securities held outright                                   728,553    +   2,208    +  33,759      729,579       
    U.S. Treasury (1)                                       728,553    +   2,208    +  33,759      729,579
       Bills (2)                                            267,329    +   1,070    +  12,048      267,508
       Notes and bonds, nominal (2)                         438,905    +   1,134    +  16,364      439,752
       Notes and bonds, inflation-indexed (2)                19,533            0    +   4,671       19,533
       Inflation compensation (3)                             2,785    +       3    +     675        2,786
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,107    -   1,750    +   2,321       26,000
 Loans to depository institutions                               333    -     112    +      92          346
    Primary credit                                               16    -     139    +      10           12
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             317    +      27    +      83          334
 Float                                                         -522    -     544    -      61         -338
 Other Federal Reserve assets                                37,970    -   2,068    +     125       38,178
Gold stock                                                   11,041            0    -       3       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,713    +      14    +     533       36,713
       
Total factors supplying reserve funds                       841,394    -   2,254    +  36,766      843,719
                                                                   
Currency in circulation(5)                                  763,040    -   1,047    +  28,599      763,730
Reverse repurchase agreements (6)                            24,037    -   1,333    +   3,070       24,114
   Foreign official and international accounts               24,037    -   1,333    +   3,070       24,114
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          253    +       3    -      68          267
Deposits with F.R.Banks, other than reserve balances         14,304    -      30    -   1,129       13,699       
  U.S. Treasury, general account                              5,181    +     376    +     392        4,603
  Foreign official                                               87    -       7    -      15           80
  Service-related                                             8,720    -     399    -   1,487        8,720
     Required clearing balances                               8,720    -     396    -   1,487        8,720
     Adjustments to compensate for float                          0    -       3            0            0
  Other                                                         316            0    -      20          296
Other liabilities and capital                                30,787    -     106    +   8,347       30,609

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  832,421    -   2,513    +  38,817      832,418

Reserve balances with Federal Reserve Banks                   8,974    +     260    -   2,051       11,301
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,465,802    -   2,508    + 188,133    1,467,743
     U.S. Treasury                                        1,096,177    -   3,319    +  60,234    1,096,406
     Federal agency                                         369,625    +     811    + 127,898      371,337
  Securities lent to dealers                                  1,817    -   2,442    +   1,050        3,134   


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.


2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Aug 24, 2005     Aug 17, 2005     Aug 25, 2004

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               650        +       6        -     114
Securities, repurchase agreements, and loans                   755,925        -   1,148        +  36,349
   Securities held outright                                    729,579        +   2,240        +  34,739
      U.S. Treasury (1)                                        729,579        +   2,240        +  34,739       
         Bills (2)                                             267,508        +   1,249        +  12,186
         Notes and bonds, nominal (2)                          439,752        +     988        +  17,211
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   4,671
         Inflation compensation (3)                              2,786        +       3        +     672
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    26,000        -   2,500        +   1,500    
   Loans                                                           346        -     888        +     110
Items in process of collection                    (1,002)        5,488        -   1,564        +     273
Bank premises                                                    1,832        +       3        +     114
Other assets (5)                                                36,395        +     288        +     273
      Total assets                                (1,002)      813,527        -   2,415        +  36,893
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  727,930        -   1,211        +  27,508
Reverse repurchase agreements (6)                               24,114        +     611        +   3,192
Deposits                                              (0)       25,048        -   1,395        -   2,160       
  Depository institutions                                       20,069        -     308        -   2,959
  U.S. Treasury, general account                                 4,603        -   1,066        +     935
  Foreign official                                                  80        +       2        -     149
  Other                                               (0)          296        -      23        +      13
Deferred availability cash items                  (1,002)        5,826        -     475        +     301
Other liabilities and accrued dividends (7)                      3,568        +     104        +     976
      Total liabilities                           (1,002)      786,487        -   2,366        +  29,818
                          
Capital Accounts
Capital paid in                                                 13,441                0        +   2,989
Surplus                                                         11,630        +       1        +   2,796
Other capital accounts                                           1,969        -      50        +   1,291
      Total capital                                             27,040        -      49        +   7,075


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 securites.
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.



3. Maturity Distribution of Loans and Securities,    August 24, 2005
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days             285       59,238   +     963            0           0       26,000       24,114
16 days to 90 days          62      156,724   -   1,288            0           0            0            0
91 days to 1 year            0      171,081   +   1,574            0           0     ------      ------
Over 1 to 5 years     ------        213,119   +     489            0           0     ------      ------
Over 5 to 10 years    ------         52,433   +     501            0           0     ------      ------
Over 10 years         ------         76,984   +       1            0           0     ------      ------
                   		 	
All                        346      729,579   +   2,240            0           0       26,000      24,114

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.



4. Statement of Condition of Each Federal Reserve Bank on    August 24, 2005
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        510      4,355        432        453        836        945        928        327        212        318        549      1,172
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             650         15         36         29         49         56        100         88         37         17         53         74         96
Securities, repurchase agreements,
      and loans                              755,925     37,327    315,306     25,885     30,821     55,679     56,459     65,807     22,710     15,330     20,677     35,940     73,983
   Securities held outright                  729,579     37,327    289,303     25,881     30,821     55,679     56,444     65,702     22,639     15,238     20,636     35,933     73,975
      U.S. Treasury (1)                      729,579     37,327    289,303     25,881     30,821     55,679     56,444     65,702     22,639     15,238     20,636     35,933     73,975
         Bills (2)                           267,508     13,687    106,076      9,490     11,301     20,415     20,696     24,090      8,301      5,587      7,566     13,175     27,124
         Notes and bonds(3)                  462,071     23,641    183,227     16,392     19,520     35,264     35,748     41,612     14,338      9,651     13,069     22,758     46,851
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                26,000          0     26,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      346          0          3          4          0          0         15        105         70         93         41          7          8
Items in process of collection                 6,490        295        263        327        247        504      1,192        341        196        377        944        376      1,429
Bank premises                                  1,832        108        206         54        157        143        273        200         66        120         77        263        165
Other assets(5)                               36,395      3,205     13,733      1,059      2,433      4,777      1,992      2,490        870        732        651        922      3,530
Interdistrict settlement account                   0    - 2,705    -16,585    + 8,166    + 1,531    + 4,858    + 3,273    + 3,370    +   431    -   671    +   205    - 4,152    + 2,279
          Total Assets                       814,529     38,870    318,189     36,035     35,795     66,999     64,400     73,436     24,708     16,147     22,991     34,070     82,888

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 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.




4. Statement of Condition of Each Federal Reserve Bank on    August 24, 2005
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             884,274     39,504    332,797     37,602     35,819     68,031     81,569     77,736     26,168     16,859     25,880     47,711     94,598
  Less: notes held by F.R. Banks              156,344      4,890     42,796      6,529      5,542     13,446     23,699     11,006      3,424      2,620      5,298     16,501     20,593
    Federal Reserve notes, net                727,930     34,614    290,001     31,074     30,277     54,585     57,870     66,730     22,745     14,238     20,582     31,210     74,005
Reverse repurchase agreements (1)              24,114      1,234      9,562        855      1,019      1,840      1,866      2,172        748        504        682      1,188      2,445
Deposits                                       25,048        828      9,273      2,378      1,551      2,943      1,660      2,058        537        330        585        756      2,151
  Depository institutions                      20,069        819      4,454      2,377      1,545      2,815      1,656      2,055        535        329        583        755      2,146
  U.S. Treasury, general account                4,603          0      4,603          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 80          5         52          1          4          7          2          3          1          1          1          0          4
  Other                                           296          4        165          0          2        120          2          0          1          0          1          0          0
Deferred availability cash items                6,828        469        669        422        500        498        933        389        164        468        675        414      1,227
Other liabilities and accrued                 
  dividends (2)                                 3,568        194      1,207        141        181        358        292        331        135        103        118        184        324
   
    Total liabilities                         787,489     37,339    310,711     34,871     33,527     60,225     62,620     71,679     24,329     15,643     22,642     33,752     80,152
                              
Capital                    
Capital paid in                                13,441        173      3,645        742      1,130      3,970        869        860        138        243        170        150      1,351
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,969          5        402        129         73        656        396        134          5          6         27         33        103
     Total liabilities and capital            814,529     38,870    318,189     36,035     35,795     66,999     64,400     73,436     24,708     16,147     22,991     34,070     82,888
                              

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.


5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars



Federal Reserve notes and collateral        Wednesday
                                          Aug 24, 2005
              
Federal Reserve notes outstanding             884,274
   Less: Notes held by F.R. Banks
         not subject to collateralization     156,344
      Federal Reserve Notes to be
         collateralized                       727,930 
Collateral held against Federal Reserve            
   notes                                      727,930
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              714,693
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         755,579
   Less:face value of securities under
         reverse repurchase agreements         24,135
      U.S. Treasury and agency securities
             eligible to be pledged           731,444
   

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 of inflation-indexed securities, and cash value of repurchase agreements.