FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          September 8, 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            Sep 7, 2005 Aug 31, 2005  Sep 8, 2004  Sep 7, 2005
Federal Reserve Banks

Reserve Bank Credit                                         799,280    +   1,476    +  34,842      802,277
 Securities held outright                                   730,411    -     289    +  35,540      730,418       
    U.S. Treasury (1)                                       730,411    -     289    +  35,540      730,418
       Bills (2)                                            267,780    +     157    +  12,432      267,780
       Notes and bonds, nominal (2)                         440,292    -     464    +  17,751      440,292
       Notes and bonds, inflation-indexed (2)                19,533            0    +   4,671       19,533
       Inflation compensation (3)                             2,805    +      17    +     686        2,813
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    30,250    +   1,536    -     679       31,500
 Loans to depository institutions                               321    -      11    +      54          331
    Primary credit                                               20    +      14    -      11           25
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             301    -      25    +      65          305
 Float                                                         -451    -      89    -     724        1,226
 Other Federal Reserve assets                                38,750    +     330    +     652       38,802
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,741    +      14    +     516       36,741
       
Total factors supplying reserve funds                       849,262    +   1,490    +  35,356      852,259
                                                                   
Currency in circulation(5)                                  769,269    +   6,114    +  27,999      771,037
Reverse repurchase agreements (6)                            25,215    +     244    +   1,694       25,154
   Foreign official and international accounts               25,215    +     244    +   1,694       25,154
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          261    -       5    -      60          255
Deposits with F.R.Banks, other than reserve balances         14,112    +     137    -   1,408       13,727       
  U.S. Treasury, general account                              4,786    -     123    -     124        4,445
  Foreign official                                              142    +      55    +      64           82
  Service-related                                             8,886    +     168    -   1,339        8,886
     Required clearing balances                               8,886    +     168    -   1,339        8,886
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         298    +      37    -      10          314
Other liabilities and capital                                31,357    +     369    +   8,293       31,016

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  840,213    +   6,857    +  36,517      841,189

Reserve balances with Federal Reserve Banks                   9,048    -   5,369    -   1,162       11,070
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,466,522    -   1,654    + 175,598    1,465,764
     U.S. Treasury                                        1,097,287    -   1,652    +  50,494    1,097,542
     Federal agency                                         369,235    -       2    + 125,104      368,222
  Securities lent to dealers                                  2,947    -     358    +   1,434        5,376   


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  Sep 7, 2005     Aug 31, 2005      Sep 8, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               655        -       4        -     115
Securities, repurchase agreements, and loans                   762,249        -   3,967        +  33,961
   Securities held outright                                    730,418        +      38        +  35,549
      U.S. Treasury (1)                                        730,418        +      38        +  35,549       
         Bills (2)                                             267,780        +      14        +  12,432
         Notes and bonds, nominal (2)                          440,292                0        +  17,751
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   4,671
         Inflation compensation (3)                              2,813        +      24        +     696
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    31,500        -   4,000        -   1,500    
   Loans                                                           331        -       5        -      87
Items in process of collection                    (1,948)        9,775        +   2,695        +     695
Bank premises                                                    1,832        -       2        +     114
Other assets (5)                                                37,018        +     560        +     263
      Total assets                                (1,948)      824,766        -     717        +  34,917
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  735,201        +   4,990        +  27,804
Reverse repurchase agreements (6)                               25,154        -   1,333        +   1,272
Deposits                                              (1)       24,846        -   6,852        -   3,548       
  Depository institutions                                       20,005        -   5,697        -   4,341
  U.S. Treasury, general account                                 4,445        -   1,205        +     744
  Foreign official                                                  82        +       1        +       2
  Other                                               (1)          314        +      49        +      48
Deferred availability cash items                  (1,948)        8,549        +   2,210        +   1,360
Other liabilities and accrued dividends (7)                      3,645        +      84        +     975
      Total liabilities                           (1,948)      797,395        -     902        +  27,863
                          
Capital Accounts
Capital paid in                                                 13,403        +       1        +   2,949
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,338        +     183        +   1,321
      Total capital                                             27,371        +     185        +   7,054


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,  September 7, 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             100       52,350   -     431            0           0       31,500       25,154
16 days to 90 days         231      162,436   +   7,018            0           0            0            0
91 days to 1 year            0      174,407   -   6,573            0           0     ------      ------
Over 1 to 5 years     ------        211,793   +      10            0           0     ------      ------
Over 5 to 10 years    ------         52,437   +       4            0           0     ------      ------
Over 10 years         ------         76,996   +      11            0           0     ------      ------
                   		 	
All                        331      730,418   +      38            0           0       31,500      25,154

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  September 7, 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                                             655         13         39         34         49         55         99         88         37         17         57         72         95
Securities, repurchase agreements,
      and loans                              762,249     37,370    321,136     25,915     30,857     55,766     56,517     65,867     22,733     15,342     20,703     35,979     74,064
   Securities held outright                  730,418     37,370    289,636     25,911     30,857     55,743     56,509     65,778     22,666     15,255     20,659     35,974     74,060
      U.S. Treasury (1)                      730,418     37,370    289,636     25,911     30,857     55,743     56,509     65,778     22,666     15,255     20,659     35,974     74,060
         Bills (2)                           267,780     13,700    106,184      9,499     11,312     20,436     20,717     24,115      8,309      5,593      7,574     13,189     27,151
         Notes and bonds(3)                  462,638     23,670    183,452     16,412     19,544     35,307     35,792     41,663     14,356      9,663     13,085     22,786     46,909
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                31,500          0     31,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      331          0          0          3          0         23          8         89         67         87         44          5          4
Items in process of collection                11,723        709        560        939        959        651      2,225        679        448        409      1,071        964      2,108
Bank premises                                  1,832        107        205         54        157        144        272        204         66        120         78        263        165
Other assets(5)                               37,018      3,245     13,916      1,162      2,467      4,844      2,062      2,536        862        740        659        936      3,588
Interdistrict settlement account                   0    - 2,581    -20,546    + 6,409    +   860    + 5,694    + 4,194    + 4,065    +   894    -   600    +   490    - 4,281    + 5,402
          Total Assets                       826,714     39,488    320,539     35,027     35,905     68,137     66,482     74,578     25,438     16,269     23,442     34,580     86,828

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  September 7, 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             886,271     39,701    332,379     37,570     35,989     67,934     81,229     78,427     26,461     16,838     25,944     47,648     96,151
  Less: notes held by F.R. Banks              151,070      4,734     41,513      6,352      5,279     12,974     22,896     10,584      3,084      2,564      5,054     16,379     19,655
    Federal Reserve notes, net                735,201     34,967    290,865     31,217     30,710     54,960     58,333     67,843     23,377     14,274     20,890     31,269     76,495
Reverse repurchase agreements (1)              25,154      1,287      9,975        892      1,063      1,920      1,946      2,265        781        525        711      1,239      2,550
Deposits                                       24,846        665      9,858        877        806      3,367      2,194      1,698        474        332        639        869      3,067
  Depository institutions                      20,005        653      5,191        876        803      3,221      2,195      1,696        471        331        638        868      3,062
  U.S. Treasury, general account                4,445          0      4,445          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 82          5         53          1          4          7          2          3          1          1          1          0          4
  Other                                           315          7        169          0          0        138         -3          0          2          0          1          0          0
Deferred availability cash items               10,497        807      1,035        698        830        703      1,920        664        275        523        730        693      1,619
Other liabilities and accrued                 
  dividends (2)                                 3,645        192      1,235        145        187        365        299        339        137        106        117        188        334
   
    Total liabilities                         799,343     37,918    312,968     33,830     33,596     61,314     64,693     72,809     25,044     15,760     23,087     34,258     84,066
                              
Capital                    
Capital paid in                                13,403        173      3,655        742      1,130      3,920        869        862        140        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                                   2,338         45        486        162        114        755        404        144         18         11         32         37        129
     Total liabilities and capital            826,714     39,488    320,539     35,027     35,905     68,137     66,482     74,578     25,438     16,269     23,442     34,580     86,828
                              

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
                                           Sep 7, 2005
              
Federal Reserve notes outstanding             886,271
   Less: Notes held by F.R. Banks
         not subject to collateralization     151,070
      Federal Reserve Notes to be
         collateralized                       735,201 
Collateral held against Federal Reserve            
   notes                                      735,201
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              721,965
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         761,918
   Less:face value of securities under
         reverse repurchase agreements         25,178
      U.S. Treasury and agency securities
             eligible to be pledged           736,740
   

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.