Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 786,712 + 1,085 + 41,957 790,287

Securities held outright 717,941 + 543 + 42,402 718,638

U.S. Treasury1 717,941 + 543 + 42,402 718,638

Bills2 263,005 0 + 15,084 263,005

Notes and bonds, nominal2 433,400 + 515 + 22,012 434,085

Notes and bonds, inflation-indexed2 19,108 0 + 4,644 19,108

Inflation compensation3 2,428 + 28 + 662 2,439

Federal agency2 0 0 0 0

Repurchase agreements4 27,321 - 143 - 2,108 30,750

Loans to depository institutions 102 + 17 + 15 105

Primary credit 7 + 2 - 9 4

Secondary credit 0 0 0 0

Seasonal credit 96 + 16 + 25 101

Float -316 + 155 + 439 -950

Other Federal Reserve assets 41,662 + 512 + 1,207 41,744

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,658 + 14 + 832 36,658

Total factors supplying reserve funds 836,611 + 1,100 + 42,784 840,185

Currency in circulation5 752,733 - 729 + 36,402 754,509

Reverse repurchase agreements6 25,494 + 1,725 + 5,090 25,068

Foreign official and international accounts 25,494 + 1,725 + 5,090 25,068

Dealers 0 0 0 0

Treasury cash holdings 260 - 9 - 67 258

Deposits with F.R. Banks, other than reserve balances 14,406 + 367 - 3,422 15,162

U.S. Treasury, general account 5,586 + 385 - 1,858 6,356

Foreign official 95 - 7 - 8 88

Service-related 8,425 - 1 - 1,545 8,425

Required clearing balances 8,425 - 1 - 1,545 8,425

Adjustments to compensate for float 0 0 0 0

Other 300 - 11 - 12 294

Other liabilities and capital 28,868 + 225 + 8,148 28,520

Total factors, other than reserve balances,

absorbing reserve funds 821,761 + 1,580 + 46,151 823,518

Reserve balances with Federal Reserve Banks 14,849 - 482 - 3,367 16,668

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,390,817 + 1,809 + 206,544 1,389,101

U.S. Treasury 1,076,259 + 1,618 + 119,263 1,076,061

Federal agency 314,558 + 191 + 87,281 313,040

Securities lent to dealers 1,595 + 710 - 1,188 1,752

FEDERAL RESERVE statistical release

 April 28, 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

 Apr 27, 2005 Week ended

 Apr 27, 2005 Apr 20, 2005 Apr 28, 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 11,037 0 - 4

Special drawing rights certificate account 2,200 0 0

Coin 710 - 6 - 106

Securities, repurchase agreements, and loans 749,493 + 8,246 + 35,528

Securities held outright 718,638 + 1,229 + 42,255

U.S. Treasury1 718,638 + 1,229 + 42,255

Bills2 263,005 0 + 14,248

Notes and bonds, nominal2 434,085 + 1,200 + 22,697

Notes and bonds, inflation-indexed2 19,108 0 + 4,644

Inflation compensation3 2,439 + 29 + 665

Federal agency2 0 0 0

Repurchase agreements4 30,750 + 7,000 - 6,750

Loans 105 + 17 + 24

Items in process of collection (900) 6,649 - 561 + 1,342

Bank premises 1,809 + 4 + 145

Other assets5 39,757 + 331 + 957

Total assets (900) 811,656 + 8,015 + 37,864

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 718,816 + 282 + 34,822

Reverse repurchase agreements6 25,068 - 32 + 5,379

Deposits ( 0 ) 31,652 + 7,326 - 11,622

Depository institutions 24,915 + 5,091 - 11,426

U.S. Treasury, general account 6,356 + 2,254 - 184

Foreign official 88 + 4 - 12

Other ( 0 ) 294 - 21 + 1

Deferred availability cash items (900) 7,600 + 446 + 1,425

Other liabilities and accrued dividends7 3,332 + 69 + 1,038

Total liabilities (900) 786,468 + 8,091 + 31,042

Capital accounts

Capital paid in 12,742 + 10 + 3,712

Surplus 11,357 + 37 + 2,563

Other capital accounts 1,089 - 123 + 548

Total capital 25,188 - 77 + 6,823

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 28, 2004

Eliminations from

consolidation Wednesday

 Apr 27, 2005

Wednesday

 Apr 20, 2005

3. Maturity Distribution of Loans and Securities, April 27, 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 94 59,781 + 1,663 0 0 30,750 25,068

16 days to 90 days 11 158,808 - 1,001 0 0 0 0

91 days to 1 year 0 159,032 - 662 0 0 . . . . . . 

Over 1 year to 5 years . . . 214,130 + 1,211 0 0 . . . . . . 

Over 5 years to 10 years . . . 49,890 + 5 0 0 . . . . . . 

Over 10 years . . . 76,996 + 12 0 0 . . . . . . 

All 105 718,638 + 1,229 0 0 30,750 25,068

Assets, liabilities, and capital

Maturity
H.4.1

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

 11,037 2,200 710 749,493 718,638 718,638 263,005 455,633 0 30,750 105 7,549 1,809 39,757 0 812,556

Assets, liabilities, and capital

 4,355 874 36 315,715 284,965 284,965 104,291 180,674 0 30,750 0 489 200 14,936 - 4,149 332,456

 510 115 21 36,773 36,768 36,768 13,456 23,312 0 0 6 381 103 3,449 + 57 41,410

 432 83 60 25,493 25,493 25,493 9,330 16,163 0 0 0 376 54 1,195 + 3,082 30,776

 453 104 56 30,359 30,359 30,359 11,111 19,248 0 0 0 1,122 156 2,614 + 383 35,246

 836 147 54 54,844 54,844 54,844 20,072 34,772 0 0 0 393 143 5,158 + 4,345 65,921

 945 166 76 55,598 55,598 55,598 20,347 35,250 0 0 0 660 275 2,231 + 1,677 61,628

 928 212 123 64,767 64,717 64,717 23,685 41,032 0 0 50 484 175 2,771 + 1,142 70,603

 327 71 38 22,311 22,300 22,300 8,161 14,139 0 0 11 191 61 952 + 9 23,960

 2   15,0 15,0 15,0 5,4 9,5    2 1 8 +  16,5
 855,465

 136,649 718,816 718,816 11,037 2,200 705,579 0 749,388 25,086 724,302

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.

 855,465 136,649 718,816 25,068 31,652 24,915 6,356 88 294 8,500 3,332 787,368 12,742 11,357 1,089 812,556

 39,765 4,447 35,318 1,283 1,264 1,255 0 5 4 673 201 38,739 1,554 1,117 0 41,410

 337,541 39,199 298,342 9,940 15,006 8,418 6,356 59 173 874 1,094 325,258 3,503 3,430 265 332,456

 35,614 7,598 28,016 889 586 584 0 1 1 543 127 30,161 300 294 21 30,776

 35,350 5,434 29,916 1,059 1,238 1,233 0 4 1 731 178 33,122 1,096 1,028 0 35,246

 66,021 12,264 53,758 1,913 4,400 4,283 0 7 110 506 339 60,916 2,551 2,148 305 65,921

 76,028 21,280 54,748 1,939 2,339 2,337 0 2 0 1,123 269 60,418 648 516 46 61,628

 73,169 9,233 63,936 2,257 2,021 2,017 0 3 1 394 307 68,916 826 763 98 70,603

 24,578 3,076 21,502 778 643 641 0 1 2 189 130 23,242 320 236 162 23,960

 16,3 1,8 14,5 5 3 3    4 1 16,0 2 2  16,5

H.4.1

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

 Apr 27, 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.