Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 744,758 + 5,728 + 28,884 753,639

Securities held outright 675,539 + 753 + 28,482 676,383

U.S. Treasury1 675,539 + 753 + 28,492 676,383

Bills2 247,921 + 733 + 11,886 248,757

Notes and bonds, nominal2 411,388 0 + 14,612 411,388

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

Inflation compensation3 1,766 + 20 + 344 1,774

Federal agency2 0 0 - 10 0

Repurchase agreements4 29,429 + 4,900 + 678 37,500

Loans to depository institutions 87 - 8 + 57 81

Primary credit 16 - 18 + 16 5

Secondary credit 0 0 0 0

Seasonal credit 71 + 10 + 42 77

Float -753 - 65 - 978 -880

Other Federal Reserve assets 40,455 + 147 + 644 40,555

Gold stock 11,045 0 + 2 11,045

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

Treasury currency outstanding5 35,713 + 14 + 823 35,713

Total factors supplying reserve funds 793,716 + 5,742 + 29,709 802,598

Currency in circulation5 716,218 - 596 + 28,974 718,575

Reverse repurchase agreements6 20,404 + 984 - 545 19,689

Foreign official and international accounts 20,404 + 984 - 545 19,689

Dealers 0 0 0 0

Treasury cash holdings 327 - 11 - 23 321

Deposits with F.R. Banks, other than reserve balances 17,829 + 819 - 2,300 16,903

U.S. Treasury, general account 7,444 + 814 - 1,319 6,540

Foreign official 103 + 7 - 29 100

Service-related 9,970 0 - 1,038 9,970

Required clearing balances 9,970 0 - 859 9,970

Adjustments to compensate for float 0 0 - 179 0

Other 312 - 1 + 87 293

Other liabilities and capital 20,720 + 158 + 555 20,659

Total factors, other than reserve balances,

absorbing reserve funds 775,498 + 1,354 + 26,661 776,147

Reserve balances with Federal Reserve Banks 18,218 + 4,388 + 3,048 26,451

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,184,273 - 1,862 + 297,251 1,181,534

U.S. Treasury 956,996 + 953 + 247,146 956,819

Federal agency 227,277 - 2,816 + 50,106 224,715

Securities lent to dealers 2,783 + 112 + 2,273 3,776

FEDERAL RESERVE statistical release

 April 29, 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

 Apr 28, 2004 Week ended

 Apr 28, 2004 Apr 21, 2004 Apr 30, 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 + 2

Special drawing rights certificate account 2,200 0 0

Coin 816 - 15 - 205

Securities, repurchase agreements, and loans 713,965 + 16,195 + 29,148

Securities held outright 676,383 + 1,446 + 29,102

U.S. Treasury1 676,383 + 1,446 + 29,112

Bills2 248,757 + 1,425 + 12,508

Notes and bonds, nominal2 411,388 0 + 14,612

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

Inflation compensation3 1,774 + 21 + 343

Federal agency2 0 0 - 10

Repurchase agreements4 37,500 + 14,750 - 1

Loans 81 - 2 + 46

Items in process of collection (1,131) 5,307 - 1,537 - 2,866

Bank premises 1,664 + 1 + 87

Other assets5 38,800 + 300 + 388

Total assets (1,131) 773,792 + 14,943 + 26,553

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 683,994 + 1,468 + 28,768

Reverse repurchase agreements6 19,689 + 429 - 1,125

Deposits ( 0 ) 43,274 + 13,538 + 267

Depository institutions 36,341 + 12,953 + 4,461

U.S. Treasury, general account 6,540 + 654 - 4,043

Foreign official 100 - 65 - 213

Other ( 0 ) 293 - 4 + 62

Deferred availability cash items (1,131) 6,175 - 690 - 1,967

Other liabilities and accrued dividends7 2,294 + 52 + 24

Total liabilities (1,131) 755,426 + 14,797 + 25,966

Capital accounts

Capital paid in 9,030 + 7 + 485

Surplus 8,794 + 26 + 414

Other capital accounts 541 + 112 - 313

Total capital 18,365 + 145 + 586

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 30, 2003

Eliminations from

consolidation Wednesday

 Apr 28, 2004

Wednesday

 Apr 21, 2004

3. Maturity Distribution of Loans and Securities, April 28, 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 78 56,704 + 1,025 0 0 37,500 19,689

16 days to 90 days 3 148,668 + 1,234 0 0 0 0

91 days to 1 year 0 159,705 - 833 0 0 . . . . . . 

Over 1 year to 5 years . . . 183,823 + 8 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,022 + 5 0 0 . . . . . . 

Over 10 years . . . 77,462 + 7 0 0 . . . . . . 

All 81 676,383 + 1,446 0 0 37,500 19,689

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 28, 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 2,200 816 713,965 676,383 676,383 248,757 427,626 0 37,500 81 6,437 1,664 38,800 0 774,923

Assets, liabilities, and capital

 4,651 874 34 330,789 293,289 293,289 107,865 185,424 0 37,500 0 504 191 14,118 -25,672 325,489

 494 115 41 31,771 31,761 31,761 11,681 20,080 0 0 10 344 96 1,761 + 2,970 37,592

 382 83 52 20,117 20,117 20,117 7,399 12,719 0 0 0 388 52 1,133 + 1,831 24,039

 452 104 39 28,902 28,902 28,902 10,629 18,273 0 0 0 358 153 2,342 + 516 32,866

 819 147 79 51,408 51,408 51,408 18,907 32,501 0 0 0 453 145 5,942 + 1,011 60,004

 894 166 72 45,614 45,614 45,614 16,776 28,838 0 0 0 572 279 2,228 + 2,051 51,876

 924 212 110 60,956 60,928 60,928 22,408 38,520 0 0 29 404 129 3,492 + 1,720 67,947

 325 71 57 19,885 19,871 19,871 7,308 12,563 0 0 14 321 49 1,020 + 447 22,175

 2   14,7 14,7 14,7 5,4 9,3    3 1 1,1 - 3 16,3
 806,932

 122,938 683,994 683,994 11,041 2,200 670,753 0 713,883 19,693 694,190

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.

 806,932 122,938 683,994 19,689 43,274 36,341 6,540 100 293 7,306 2,294 756,557 9,030 8,794 541 774,923

 38,465 4,753 33,712 925 1,302 1,288 0 2 13 546 131 36,616 499 448 28 37,592

 322,084 31,143 290,941 8,537 20,295 13,511 6,540 77 168 635 702 321,111 2,106 2,031 241 325,489

 29,669 8,491 21,178 586 1,109 1,108 0 1 0 512 92 23,476 277 259 26 24,039

 32,167 5,501 26,666 841 3,312 3,308 0 2 2 457 119 31,396 739 727 4 32,866

 59,621 11,007 48,614 1,496 5,019 4,906 0 7 106 532 264 55,925 2,058 2,021 0 60,004

 64,551 18,922 45,629 1,328 2,893 2,891 0 2 0 840 188 50,877 486 489 24 51,876

 68,064 7,964 60,101 1,774 3,453 3,450 0 3 0 537 215 66,080 912 924 31 67,947

 23,445 3,383 20,062 578 723 721 0 1 1 240 104 21,708 232 228 7 22,175

 15,6 1,4 14,2 4 4 4    4  15,7 2 3  16,3

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 28, 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

 Apr 28, 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.