FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             April 21, 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           Apr 20, 2005 Apr 13, 2005 Apr 21, 2004 Apr 20, 2005
Federal Reserve Banks

Reserve Bank Credit                                         785,627    +   4,206    +  46,600      782,712
 Securities held outright                                   717,398    +      29    +  42,612      717,409       
    U.S. Treasury (1)                                       717,398    +      29    +  42,612      717,409
       Bills (2)                                            263,005            0    +  15,817      263,005
       Notes and bonds, nominal (2)                         432,885            0    +  21,497      432,885
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,400    +      29    +     654        2,410
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,464    +   4,571    +   2,935       23,750
 Loans to depository institutions                                85    -     195    -      10           88
    Primary credit                                                5    -     206    -      29            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              80    +      12    +      19           88
 Float                                                         -471    -     359    +     219           56
 Other Federal Reserve assets                                41,150    +     158    +     842       41,409
Gold stock                                                   11,041            0    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,644    +      14    +     834       36,644
       
Total factors supplying reserve funds                       835,511    +   4,219    +  47,429      832,597
                                                                   
Currency in circulation(5)                                  753,462    -     770    +  36,537      754,206
Reverse repurchase agreements (6)                            23,769    +     346    +   4,349       25,100
   Foreign official and international accounts               23,769    +     346    +   4,349       25,100
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          269    -       7    -      69          261
Deposits with F.R.Banks, other than reserve balances         14,039    -   1,019    -   2,970       12,927       
  U.S. Treasury, general account                              5,201    +      26    -   1,429        4,102
  Foreign official                                              102    +      22    +       6           84
  Service-related                                             8,426    -   1,088    -   1,544        8,426
     Required clearing balances                               8,426    -   1,088    -   1,544        8,426
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         311    +      23    -       2          315
Other liabilities and capital                                28,643    +     315    +   8,081       28,527

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  820,181    -   1,136    +  45,926      821,021

Reserve balances with Federal Reserve Banks                  15,331    +   5,356    +   1,503       11,576
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,389,008    -     281    + 202,873    1,390,166
     U.S. Treasury                                        1,074,641    -   5,378    + 118,598    1,079,018
     Federal agency                                         314,367    +   5,097    +  84,274      311,148
  Securities lent to dealers                                    885    +     314    -   1,786          601   


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 Apr 20, 2005     Apr 13, 2005     Apr 21, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               716        -       9        -     115
Securities, repurchase agreements, and loans                   741,247        -   4,459        +  43,477
   Securities held outright                                    717,409        +      29        +  42,472
      U.S. Treasury (1)                                        717,409        +      29        +  42,472       
         Bills (2)                                             263,005                0        +  15,673
         Notes and bonds, nominal (2)                          432,885                0        +  21,497
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,410        +      29        +     657
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    23,750        -   4,500        +   1,000    
   Loans                                                            88        +      12        +       5
Items in process of collection                    (1,177)        7,210        +     333        +     366
Bank premises                                                    1,805        +       2        +     142
Other assets (5)                                                39,426        +     218        +     926
      Total assets                                (1,177)      803,641        -   3,916        +  44,792
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  718,534        -     949        +  36,008
Reverse repurchase agreements (6)                               25,100        +   2,342        +   5,840
Deposits                                              (0)       24,326        -   5,170        -   5,410       
  Depository institutions                                       19,824        -   4,357        -   3,564
  U.S. Treasury, general account                                 4,102        -     824        -   1,784
  Foreign official                                                  84        +       4        -      81
  Other                                               (0)          315        +       7        +      18
Deferred availability cash items                  (1,177)        7,154        -     320        +     289
Other liabilities and accrued dividends (7)                      3,263        -      15        +   1,021
      Total liabilities                           (1,177)      778,377        -   4,113        +  37,748
                          
Capital Accounts
Capital paid in                                                 12,732        +       8        +   3,709
Surplus                                                         11,320        +      91        +   2,552
Other capital accounts                                           1,212        +      98        +     783
      Total capital                                             25,265        +     198        +   7,045


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,     April 20, 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              84       58,118   +  10,211            0           0       23,750       25,100
16 days to 90 days           4      159,809   -   9,926            0           0            0            0
91 days to 1 year            0      159,694   -     285            0           0     ------      ------
Over 1 to 5 years     ------        212,919   +     426            0           0     ------      ------
Over 5 to 10 years    ------         49,885   -     409            0           0     ------      ------
Over 10 years         ------         76,984   +      13            0           0     ------      ------
                   		 	
All                         88      717,409   +      29            0           0       23,750      25,100

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     April 20, 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                                             716         24         41         63         57         54         72        126         39         25         50         60        104
Securities, repurchase agreements,
      and loans                              741,247     36,708    308,228     25,450     30,307     54,750     55,503     64,649     22,272     15,008     20,296     35,336     72,741
   Securities held outright                  717,409     36,705    284,478     25,450     30,307     54,750     55,503     64,606     22,262     14,984     20,291     35,333     72,741
      U.S. Treasury (1)                      717,409     36,705    284,478     25,450     30,307     54,750     55,503     64,606     22,262     14,984     20,291     35,333     72,741
         Bills (2)                           263,005     13,456    104,291      9,330     11,111     20,072     20,347     23,685      8,161      5,493      7,439     12,953     26,667
         Notes and bonds(3)                  454,404     23,249    180,187     16,120     19,196     34,679     35,155     40,921     14,101      9,491     12,852     22,380     46,074
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                23,750          0     23,750          0          0          0          0          0          0          0          0          0          0
      Loans                                       88          3          0          0          0          0          0         43         10         25          5          2          0
Items in process of collection                 8,387        419        485        606      1,066        416        648        577        266        391        536        491      2,486
Bank premises                                  1,805        103        200         53        157        143        275        176         61        122         84        264        166
Other assets(5)                               39,426      3,437     14,799      1,183      2,603      5,150      2,190      2,739        943        794        722      1,021      3,846
Interdistrict settlement account                   0    -   146    - 2,313    + 3,362    +   252    + 4,604    +   978    +   492    +    63    -    16    -   183    - 2,852    - 4,243
          Total Assets                       804,818     41,170    326,669     31,232     35,000     66,100     60,777     69,899     24,043     16,566     21,889     34,968     76,505

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     April 20, 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             855,157     39,780    337,746     35,666     35,411     65,750     75,760     73,000     24,589     16,282     24,203     40,003     86,967
  Less: notes held by F.R. Banks              136,623      4,559     39,141      7,616      5,367     12,461     20,875      9,285      3,138      1,753      4,622      7,832     19,974
    Federal Reserve notes, net                718,534     35,221    298,604     28,050     30,044     53,289     54,886     63,715     21,451     14,529     19,581     32,171     66,992
Reverse repurchase agreements (1)              25,100      1,284      9,953        890      1,060      1,916      1,942      2,260        779        524        710      1,236      2,545
Deposits                                       24,326      1,078      8,910        818        961      5,045      1,526      1,530        572        387        692        660      2,146
  Depository institutions                      19,824      1,069      4,559        817        956      4,924      1,525      1,527        569        386        690        659      2,142
  U.S. Treasury, general account                4,102          0      4,102          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 84          5         56          1          4          7          2          3          1          1          1          0          4
  Other                                           315          4        193          0          1        113          0          1          2          0          1          0          0
Deferred availability cash items                8,331        732        854        728        647        548      1,159        395        183        508        476        414      1,688
Other liabilities and accrued                 
  dividends (2)                                 3,263        198      1,080        125        178        318        260        304        130         99        105        166        300
   
    Total liabilities                         779,553     38,513    319,402     30,612     32,889     61,115     59,773     68,205     23,114     16,047     21,565     34,647     73,672
                              
Capital                    
Capital paid in                                12,732      1,554      3,503        300      1,096      2,551        429        822        537        253        155        147      1,384
Surplus                                        11,320      1,094      3,430        294      1,014      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,212          9        334         26          0        286         60        108        155         12         17         38        167
     Total liabilities and capital            804,818     41,170    326,669     31,232     35,000     66,100     60,777     69,899     24,043     16,566     21,889     34,968     76,505
                              

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
                                          Apr 20, 2005
              
Federal Reserve notes outstanding             855,157
   Less: Notes held by F.R. Banks
         not subject to collateralization     136,623
      Federal Reserve Notes to be
         collateralized                       718,534 
Collateral held against Federal Reserve            
   notes                                      718,534
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              705,297
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         741,159
   Less:face value of securities under
         reverse repurchase agreements         25,118
      U.S. Treasury and agency securities
             eligible to be pledged           716,040
   

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.