Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 776,603 - 7,627 + 47,065 777,858

Securities held outright 717,886 + 31 + 49,184 717,879

U.S. Treasury1 717,886 + 31 + 49,184 717,879

Bills2 263,005 + 25 + 17,373 263,005

Notes and bonds, nominal2 433,429 - 1,714 + 25,971 433,429

Notes and bonds, inflation-indexed2 19,108 + 1,714 + 5,114 19,108

Inflation compensation3 2,343 + 6 + 726 2,336

Federal agency2 0 0 0 0

Repurchase agreements4 16,143 - 10,178 - 1,143 14,500

Loans to depository institutions 37 - 24 + 9 30

Primary credit 22 - 20 + 3 17

Secondary credit 0 0 0 0

Seasonal credit 15 - 4 + 6 13

Float 316 + 250 - 1,226 3,259

Other Federal Reserve assets 42,221 + 2,294 + 240 42,191

Gold stock 11,042 - 1 - 1 11,042

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

Treasury currency outstanding5 36,575 + 14 + 988 36,575

Total factors supplying reserve funds 826,420 - 7,613 + 48,052 827,676

Currency in circulation5 750,277 + 3,139 + 37,763 752,427

Reverse repurchase agreements6 26,615 - 190 + 6,164 28,355

Foreign official and international accounts 26,615 - 190 + 6,164 28,355

Dealers 0 0 0 0

Treasury cash holdings 290 + 18 - 62 282

Deposits with F.R. Banks, other than reserve balances 15,066 + 638 - 2,014 14,890

U.S. Treasury, general account 4,913 - 157 - 439 4,747

Foreign official 89 - 8 + 9 85

Service-related 9,772 + 827 - 1,468 9,772

Required clearing balances 9,772 + 827 - 1,165 9,772

Adjustments to compensate for float 0 0 - 303 0

Other 292 - 24 - 116 287

Other liabilities and capital 26,703 + 88 + 6,153 26,476

Total factors, other than reserve balances,

absorbing reserve funds 818,952 + 3,694 + 48,005 822,430

Reserve balances with Federal Reserve Banks 7,469 - 11,306 + 48 5,246

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,340,236 - 6,259 + 214,688 1,339,388

U.S. Treasury 1,053,668 - 8,132 + 157,061 1,053,934

Federal agency 286,567 + 1,872 + 57,626 285,454

Securities lent to dealers 2,264 - 1,375 + 1,172 4,986

FEDERAL RESERVE statistical release

 February 10, 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

 Feb 9, 2005 Week ended

 Feb 9, 2005 Feb 2, 2005 Feb 11, 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 11,038 0 0

Special drawing rights certificate account 2,200 0 0

Coin 831 + 25 - 44

Securities, repurchase agreements, and loans 732,408 - 9,823 + 43,789

Securities held outright 717,879 - 19 + 48,028

U.S. Treasury1 717,879 - 19 + 48,028

Bills2 263,005 0 + 17,158

Notes and bonds, nominal2 433,429 0 + 25,035

Notes and bonds, inflation-indexed2 19,108 0 + 5,114

Inflation compensation3 2,336 - 20 + 720

Federal agency2 0 0 0

Repurchase agreements4 14,500 - 9,750 - 4,250

Loans 30 - 53 + 12

Items in process of collection (1,321) 10,312 + 2,366 + 3,438

Bank premises 1,783 + 2 + 138

Other assets5 40,369 + 3 - 262

Total assets (1,321) 798,942 - 7,426 + 47,059

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 716,961 + 2,712 + 36,691

Reverse repurchase agreements6 28,355 + 483 + 8,296

Deposits ( 0 ) 20,097 - 9,644 - 3,311

Depository institutions 14,979 - 9,200 - 2,709

U.S. Treasury, general account 4,747 - 350 - 500

Foreign official 85 - 71 + 3

Other ( 0 ) 287 - 22 - 103

Deferred availability cash items (1,321) 7,053 - 903 - 456

Other liabilities and accrued dividends7 2,930 + 96 + 673

Total liabilities (1,321) 775,396 - 7,256 + 41,893

Capital accounts

Capital paid in 12,438 + 1 + 3,544

Surplus 10,906 - 90 + 2,059

Other capital accounts 201 - 82 - 438

Total capital 23,546 - 170 + 5,166

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 11, 2004

Eliminations from

consolidation Wednesday

 Feb 9, 2005

Wednesday

 Feb 2, 2005

3. Maturity Distribution of Loans and Securities, February 9, 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 19 54,759 - 409 0 0 14,500 28,355

16 days to 90 days 11 157,604 + 874 0 0 0 0

91 days to 1 year 0 167,189 - 465 0 0 . . . . . . 

Over 1 year to 5 years . . . 207,747 - 7 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,782 - 4 0 0 . . . . . . 

Over 10 years . . . 78,797 - 9 0 0 . . . . . . 

All 30 717,879 - 19 0 0 14,500 28,355

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 9, 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.

 11,038 2,200 831 732,408 717,879 717,879 263,005 454,873 0 14,500 30 11,633 1,783 40,369 0 800,263

Assets, liabilities, and capital

 4,648 874 53 325,791 311,282 311,282 114,042 197,239 0 14,500 9 803 197 15,785 -21,004 327,148

 494 115 23 33,710 33,710 33,710 12,350 21,360 0 0 0 463 101 3,400 + 3,031 41,337

 382 83 66 21,355 21,351 21,351 7,822 13,529 0 0 3 619 53 1,085 + 5,279 28,921

 452 104 59 30,675 30,675 30,675 11,238 19,437 0 0 0 1,164 157 2,649 - 388 34,872

 819 147 75 54,562 54,562 54,562 19,990 34,572 0 0 0 586 143 5,191 + 713 62,236

 894 166 91 48,413 48,412 48,412 17,736 30,675 0 0 1 1,635 275 2,150 + 7,213 60,837

 924 212 125 64,674 64,665 64,665 23,691 40,974 0 0 9 802 165 2,835 + 144 69,881

 325 71 36 21,091 21,091 21,091 7,727 13,364 0 0 1 758 63 948 + 1,278 24,570

 2   15,6 15,6 15,6 5,7 9,9    5 1 8 - 8 16,5
 854,576

 137,616 716,961 716,961 11,038 2,200 703,723 0 732,379 28,374 704,005

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.

 854,576 137,616 716,961 28,355 20,097 14,979 4,747 85 287 8,374 2,930 776,717 12,438 10,906 201 800,263

 40,239 4,797 35,442 1,331 1,161 1,146 0 5 10 699 162 38,795 1,638 901 2 41,337

 342,006 43,400 298,606 12,295 7,379 2,408 4,747 57 168 900 1,024 320,204 3,431 3,430 83 327,148

 34,068 8,089 25,980 843 768 766 0 1 2 631 102 28,325 298 294 4 28,921

 34,782 5,110 29,672 1,212 1,013 1,008 0 4 0 889 158 32,943 1,091 838 0 34,872

 64,422 12,167 52,254 2,155 2,300 2,193 0 7 100 603 278 57,591 2,538 2,107 0 62,236

 73,142 17,852 55,290 1,912 1,537 1,535 0 2 0 900 234 59,872 426 516 23 60,837

 72,668 9,203 63,465 2,554 1,521 1,518 0 3 0 479 279 68,298 787 763 33 69,881

 24,866 2,648 22,218 833 568 566 0 1 2 165 113 23,898 400 236 37 24,570

 16,3 1,9 14,4 6 4 4    4  16,0 2 2  16,5

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 9, 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

 Feb 9, 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.