Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 792,472 + 5,877 + 42,873 797,032

Securities held outright 724,565 + 2,377 + 43,097 725,426

U.S. Treasury1 724,565 + 2,377 + 43,097 725,426

Bills2 264,765 + 412 + 14,303 265,015

Notes and bonds, nominal2 438,078 + 1,924 + 23,419 438,678

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

Inflation compensation3 2,614 + 41 + 731 2,625

Federal agency2 0 0 0 0

Repurchase agreements4 29,714 + 3,357 - 36 31,500

Loans to depository institutions 156 + 6 + 29 144

Primary credit 11 + 3 + 3 0

Secondary credit 0 0 0 0

Seasonal credit 145 + 3 + 26 143

Float -999 - 213 - 920 1,111

Other Federal Reserve assets 39,035 + 350 + 702 38,851

Gold stock 11,042 + 1 - 3 11,042

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

Treasury currency outstanding5 36,657 + 14 + 733 36,657

Total factors supplying reserve funds 842,370 + 5,891 + 43,602 846,931

Currency in circulation5 760,559 + 6,195 + 33,998 762,237

Reverse repurchase agreements6 25,125 - 655 + 4,727 24,732

Foreign official and international accounts 25,125 - 655 + 4,727 24,732

Dealers 0 0 0 0

Treasury cash holdings 277 + 15 - 43 288

Deposits with F.R. Banks, other than reserve balances 14,125 + 481 - 491 13,264

U.S. Treasury, general account 4,927 - 9 + 835 4,039

Foreign official 84 + 2 - 19 80

Service-related 8,831 + 490 - 1,314 8,831

Required clearing balances 8,831 + 490 - 1,314 8,831

Adjustments to compensate for float 0 0 0 0

Other 284 - 2 + 7 314

Other liabilities and capital 29,297 + 319 + 7,637 28,703

Total factors, other than reserve balances,

absorbing reserve funds 829,383 + 6,356 + 45,827 829,223

Reserve balances with Federal Reserve Banks 12,988 - 464 - 2,223 17,708

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,426,297 + 15,454 + 205,573 1,426,812

U.S. Treasury 1,084,979 + 4,660 + 100,127 1,084,093

Federal agency 341,318 + 10,794 + 105,446 342,720

Securities lent to dealers 4,440 + 1,016 + 1,689 4,016

FEDERAL RESERVE statistical release

 June 2, 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 1, 2005 Week ended

 Jun 1, 2005 May 25, 2005 Jun 2, 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 602 - 31 - 116

Securities, repurchase agreements, and loans 757,070 + 2,929 + 52,925

Securities held outright 725,426 + 2,434 + 43,943

U.S. Treasury1 725,426 + 2,434 + 43,943

Bills2 265,015 + 500 + 14,543

Notes and bonds, nominal2 438,678 + 1,897 + 24,019

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

Inflation compensation3 2,625 + 38 + 737

Federal agency2 0 0 0

Repurchase agreements4 31,500 + 500 + 9,000

Loans 144 - 5 - 18

Items in process of collection (965) 9,515 + 4,305 + 801

Bank premises 1,817 - 1 + 134

Other assets5 37,026 + 5 + 485

Total assets (965) 819,268 + 7,208 + 54,226

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 726,465 + 4,721 + 33,114

Reverse repurchase agreements6 24,732 - 454 + 4,440

Deposits ( 0 ) 30,965 + 1,208 + 9,123

Depository institutions 26,531 + 2,650 + 6,661

U.S. Treasury, general account 4,039 - 1,479 + 2,447

Foreign official 80 + 1 - 2

Other ( 0 ) 314 + 36 + 16

Deferred availability cash items (965) 8,404 + 2,070 + 244

Other liabilities and accrued dividends7 3,408 - 16 + 1,004

Total liabilities (965) 793,973 + 7,528 + 47,924

Capital accounts

Capital paid in 12,894 + 35 + 3,690

Surplus 11,364 - 53 + 2,517

Other capital accounts 1,037 - 303 + 95

Total capital 25,295 - 320 + 6,303

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 2, 2004

Eliminations from

consolidation Wednesday

 Jun 1, 2005

Wednesday

 May 25, 2005

3. Maturity Distribution of Loans and Securities, June 1, 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 11 55,701 - 6,910 0 0 31,500 24,732

16 days to 90 days 133 153,864 + 724 0 0 0 0

91 days to 1 year 0 167,571 + 6,643 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,525 + 1,181 0 0 . . . . . . 

Over 5 years to 10 years . . . 53,758 + 81 0 0 . . . . . . 

Over 10 years . . . 78,008 + 717 0 0 . . . . . . 

All 144 725,426 + 2,434 0 0 31,500 24,732

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 1, 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 2,200 602 757,070 725,426 725,426 265,015 460,412 0 31,500 144 10,480 1,817 37,026 0 820,233

Assets, liabilities, and capital

 4,355 874 36 319,157 287,657 287,657 105,088 182,569 0 31,500 0 413 201 13,937 - 8,781 330,192

 510 115 21 37,115 37,115 37,115 13,559 23,556 0 0 0 821 104 3,240 - 178 41,748

 432 83 45 25,734 25,734 25,734 9,401 16,333 0 0 0 575 53 1,074 + 5,579 33,576

 453 104 45 30,646 30,646 30,646 11,196 19,450 0 0 0 1,142 157 2,457 + 583 35,587

 836 147 45 55,362 55,362 55,362 20,225 35,137 0 0 0 615 143 4,855 + 4,029 66,032

 945 166 75 56,129 56,123 56,123 20,503 35,620 0 0 6 1,486 274 2,052 + 2,548 63,675

 928 212 107 65,397 65,328 65,328 23,866 41,462 0 0 68 320 187 2,554 + 3,313 73,018

 327 71 34 22,526 22,511 22,511 8,224 14,287 0 0 15 335 62 902 - 408 23,848

 2   15,1 15,1 15,1 5,5 9,6    4 1 7 - 2 16,4
 861,544

 135,079 726,465 726,465 11,037 2,200 713,228 0 756,926 24,750 732,176

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.

 861,544 135,079 726,465 24,732 30,965 26,531 4,039 80 314 9,369 3,408 794,938 12,894 11,364 1,037 820,233

 39,566 4,073 35,493 1,265 1,214 1,201 0 5 8 899 209 39,080 1,550 1,118 0 41,748

 337,994 40,561 297,434 9,807 13,567 9,303 4,039 52 173 926 1,144 322,878 3,608 3,430 276 330,192

 36,498 6,756 29,742 877 1,367 1,366 0 1 0 845 129 32,961 306 294 15 33,576

 35,182 5,032 30,151 1,045 1,381 1,377 0 4 0 663 186 33,426 1,126 1,035 0 35,587

 66,511 11,765 54,747 1,887 3,307 3,173 0 7 127 725 353 61,018 2,552 2,148 314 66,032

 79,260 22,421 56,839 1,913 2,276 2,274 0 2 0 1,025 272 62,325 663 516 171 63,675

 75,061 9,261 65,800 2,227 2,420 2,417 0 3 0 552 319 71,318 863 763 73 73,018

 24,376 2,751 21,625 767 524 519 0 1 4 170 101 23,188 330 236 95 23,848

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

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 1, 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 1, 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.