Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 788,567 + 713 + 36,311 792,084

Securities held outright 726,009 + 100 + 38,910 726,022

U.S. Treasury1 726,009 + 100 + 38,910 726,022

Bills2 265,015 0 + 11,007 265,015

Notes and bonds, nominal2 438,678 0 + 21,984 438,678

Notes and bonds, inflation-indexed2 19,533 + 60 + 5,069 19,533

Inflation compensation3 2,782 + 39 + 850 2,795

Federal agency2 0 0 0 0

Repurchase agreements4 23,107 + 821 - 2,143 26,000

Loans to depository institutions 215 + 35 - 7 247

Primary credit 19 - 3 - 39 29

Secondary credit 0 0 0 0

Seasonal credit 196 + 38 + 32 218

Float -789 - 559 - 781 -294

Other Federal Reserve assets 40,025 + 315 + 332 40,110

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,657 + 14 + 618 36,657

Total factors supplying reserve funds 838,465 + 727 + 36,925 841,982

Currency in circulation5 759,941 + 901 + 30,531 763,437

Reverse repurchase agreements6 24,311 + 894 + 5,817 24,237

Foreign official and international accounts 24,311 + 894 + 5,817 24,237

Dealers 0 0 0 0

Treasury cash holdings 244 - 24 - 63 237

Deposits with F.R. Banks, other than reserve balances 13,373 - 569 - 3,802 12,787

U.S. Treasury, general account 4,726 - 256 - 1,235 4,173

Foreign official 103 + 7 - 15 83

Service-related 8,279 - 327 - 2,582 8,279

Required clearing balances 8,279 - 327 - 2,582 8,279

Adjustments to compensate for float 0 0 0 0

Other 265 + 7 + 30 252

Other liabilities and capital 29,713 + 209 + 7,788 29,390

Total factors, other than reserve balances,

absorbing reserve funds 827,582 + 1,411 + 40,272 830,088

Reserve balances with Federal Reserve Banks 10,883 - 684 - 3,347 11,894

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,440,219 + 3,672 + 214,760 1,439,204

U.S. Treasury 1,088,546 - 3,052 + 97,012 1,084,876

Federal agency 351,673 + 6,725 + 117,748 354,329

Securities lent to dealers 3,443 - 650 + 1,147 3,701

FEDERAL RESERVE statistical release

 June 30, 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

 Jun 29, 2005 Week ended

 Jun 29, 2005 Jun 22, 2005 Jun 30, 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 - 3

Special drawing rights certificate account 2,200 0 0

Coin 627 - 15 - 117

Securities, repurchase agreements, and loans 752,268 - 166 + 31,055

Securities held outright 726,022 + 35 + 38,631

U.S. Treasury1 726,022 + 35 + 38,631

Bills2 265,015 0 + 10,720

Notes and bonds, nominal2 438,678 0 + 21,984

Notes and bonds, inflation-indexed2 19,533 0 + 5,069

Inflation compensation3 2,795 + 35 + 859

Federal agency2 0 0 0

Repurchase agreements4 26,000 - 250 - 7,500

Loans 247 + 50 - 76

Items in process of collection (886) 5,859 + 40 - 102

Bank premises 1,831 + 2 + 129

Other assets5 38,241 - 202 + 477

Total assets (886) 812,064 - 338 + 31,440

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 727,640 + 3,312 + 29,454

Reverse repurchase agreements6 24,237 + 875 + 5,009

Deposits (0) 24,635 - 4,477 - 11,531

Depository institutions 20,127 - 3,535 - 9,501

U.S. Treasury, general account 4,173 - 926 - 1,859

Foreign official 83 - 1 - 197

Other (0) 252 - 15 + 26

Deferred availability cash items (886) 6,162 - 12 + 317

Other liabilities and accrued dividends7 3,619 + 66 + 1,353

Total liabilities (886) 786,292 - 236 + 24,600

Capital accounts

Capital paid in 12,936 + 1 + 3,710

Surplus 11,456 + 5 + 2,609

Other capital accounts 1,379 - 109 + 520

Total capital 25,771 - 103 + 6,839

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 30, 2004

Eliminations from

consolidation Wednesday

 Jun 29, 2005

Wednesday

 Jun 22, 2005

3. Maturity Distribution of Loans and Securities, June 29, 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 221 60,564 - 976 0 0 26,000 24,237

16 days to 90 days 26 157,412 + 1,392 0 0 0 0

91 days to 1 year 0 159,160 - 416 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,580 + 14 0 0 . . . . . . 

Over 5 years to 10 years . . . 54,151 + 6 0 0 . . . . . . 

Over 10 years . . . 78,155 + 15 0 0 . . . . . . 

All 247 726,022 + 35 0 0 26,000 24,237

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 29, 2005Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 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 agreements4

Loans

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 sec4. 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 2,200 627 752,268 726,022 726,022 265,015 461,007 0 26,000 247 6,745 1,831 38,241 0 812,950

Assets, liabilities, and capital

 4,355 874 35 313,902 287,893 287,893 105,088 182,805 0 26,000 10 331 202 14,430 -12,747 321,383

 510 115 17 37,145 37,145 37,145 13,559 23,587 0 0 0 454 105 3,277 - 1,909 39,715

 432 83 35 25,755 25,755 25,755 9,401 16,354 0 0 0 270 54 1,210 + 6,557 34,397

 453 104 46 30,671 30,671 30,671 11,196 19,475 0 0 0 686 158 2,491 + 431 35,039

 836 147 49 55,407 55,407 55,407 20,225 35,182 0 0 0 321 143 4,925 + 4,416 66,244

 945 166 87 56,180 56,169 56,169 20,503 35,666 0 0 11 896 273 2,141 + 3,335 64,024

 928 212 100 65,471 65,382 65,382 23,866 41,516 0 0 90 385 195 2,657 + 3,575 73,523

 327 71 36 22,558 22,529 22,529 8,224 14,305 0 0 29 249 63 907 + 742 24,952

 2   15,2 15,1 15,1 5,5 9,6    3 1 7 - 1 16,4
 867,892

 140,253 727,640 727,640 11,037 2,200 714,403 0 752,022 24,256 727,766

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 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.

 867,892 140,253 727,640 24,237 24,635 20,127 4,173 83 252 7,048 3,619 787,179 12,936 11,456 1,379 812,950

 39,417 3,947 35,469 1,240 913 906 0 5 2 561 180 38,363 173 1,179 0 39,715

 336,214 42,930 293,284 9,611 9,180 4,782 4,173 55 170 686 1,193 313,954 3,627 3,430 373 321,383

 36,975 6,077 30,898 860 1,417 1,416 0 1 1 457 135 33,767 308 294 28 34,397

 35,126 5,016 30,110 1,024 921 917 0 4 1 571 197 32,823 1,127 1,065 25 35,039

 67,053 12,089 54,964 1,850 2,026 1,945 0 7 74 480 419 59,739 3,958 2,148 399 66,244

 81,217 23,882 57,335 1,875 2,386 2,384 0 2 0 762 285 62,643 669 516 196 64,024

 76,124 9,474 66,650 2,183 2,271 2,268 0 3 0 356 339 71,798 845 763 117 73,523

 25,503 2,820 22,683 752 543 541 0 1 1 172 140 24,290 330 236 96 24,952

 16,5 2,2 14,3 5 4 4    5 1 15,9 2 2  16,4

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 29, 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

 Jun 29, 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.