Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 711,825 - 4,153 + 58,365 715,474

Securities held outright 653,072 + 76 + 52,845 653,288

U.S. Treasury1 653,062 + 76 + 52,845 653,278

Bills2 239,927 + 72 + 38,118 240,142

Notes and bonds, nominal2 398,853 0 + 13,840 398,853

Notes and bonds, inflation-indexed2 12,814 0 + 572 12,814

Inflation compensation3 1,467 + 3 + 314 1,469

Federal agency2 10 0 0 10

Repurchase agreements4 17,679 - 4,821 + 4,358 19,000

Loans to depository institutions 145 - 9 - 51 164

Primary credit 7 - 14 + 7 16

Secondary credit 0 0 0 0

Seasonal credit 138 + 5 - 43 148

Adjustment credit 0 0 - 15 0

Float 596 + 124 + 1,310 2,584

Other Federal Reserve assets 40,334 + 478 - 95 40,438

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,116 + 14 + 1,020 35,116

Total factors supplying reserve funds 760,184 - 4,139 + 59,386 763,833

Currency in circulation5 694,937 + 675 + 34,044 695,887

Reverse repurchase agreements6 19,563 + 617 + 19,563 19,138

Foreign official and international accounts 19,563 + 617 + 19,563 19,138

Dealers 0 0 0 0

Treasury cash holdings 369 + 4 - 12 358

Deposits with F.R. Banks, other than reserve balances 17,205 - 193 + 1,877 17,683

U.S. Treasury, general account 5,611 - 28 + 715 5,720

Foreign official 149 - 28 + 73 525

Service-related 11,158 - 129 + 1,003 11,158

Required clearing balances 10,913 + 15 + 994 10,913

Adjustments to compensate for float 245 - 145 + 9 245

Other 287 - 7 + 86 281

Other liabilities and capital 20,190 + 340 + 718 20,043

Total factors, other than reserve balances,

absorbing reserve funds 752,264 + 1,443 + 56,191 753,110

Reserve balances with Federal Reserve Banks 7,920 - 5,582 + 3,195 10,723

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 939,784 + 3,206 . . . 937,857

U.S. Treasury 753,537 + 937 . . . 751,156

Federal agency 186,246 + 2,268 . . . 186,701

Securities lent to dealers 2,131 - 634 + 444 2,689

FEDERAL RESERVE statistical release

 August 14, 2003

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.

. . . Not available.

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

 Aug 13, 2003 Week ended

 Aug 13, 2003 Aug 6, 2003 Aug 14, 2002
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 11,039 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 888 + 18 - 112

Securities, repurchase agreements, and loans 672,451 + 1,024 + 55,785

Securities held outright 653,288 + 254 + 52,906

U.S. Treasury1 653,278 + 254 + 52,906

Bills2 240,142 + 250 + 38,180

Notes and bonds, nominal2 398,853 0 + 13,840

Notes and bonds, inflation-indexed2 12,814 0 + 572

Inflation compensation3 1,469 + 4 + 315

Federal agency2 10 0 0

Repurchase agreements4 19,000 + 750 + 3,000

Loans 164 + 21 - 121

Items in process of collection (1,226) 9,284 - 53 + 2,665

Bank premises 1,587 + 1 + 66

Other assets5 38,805 + 374 - 533

Total assets (1,226) 736,255 + 1,364 + 57,873

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 662,014 - 212 + 32,912

Reverse repurchase agreements6 19,138 + 76 + 19,138

Deposits ( 0 ) 27,215 + 2,027 + 4,795

Depository institutions 20,690 + 2,350 + 3,732

U.S. Treasury, general account 5,720 - 680 + 529

Foreign official 525 + 384 + 446

Other ( 0 ) 281 - 26 + 89

Deferred availability cash items (1,226) 7,844 - 699 + 695

Other liabilities and accrued dividends7 2,159 + 34 - 241

Total liabilities (1,226) 718,370 + 1,226 + 57,298

Capital accounts

Capital paid in 8,724 + 3 + 437

Surplus 8,380 0 + 1,068

Other capital accounts 780 + 134 - 933

Total capital 17,884 + 137 + 573

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 14, 2002

Eliminations from

consolidation Wednesday

 Aug 13, 2003

Wednesday

 Aug 6, 2003

3. Maturity Distribution of Loans and Securities, August 13, 2003

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 40 52,151 + 870 0 0 14,000 19,138

16 days to 90 days 123 136,584 - 785 0 0 5,000 0

91 days to 1 year 0 162,065 + 165 10 0 . . . . . . 

Over 1 year to 5 years . . . 177,685 + 1 0 0 . . . . . . 

Over 5 years to 10 years . . . 44,825 + 1 0 0 . . . . . . 

Over 10 years . . . 79,967 + 1 0 0 . . . . . . 

All 164 653,278 + 254 10 0 19,000 19,138

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 13, 2003Millions 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.

 11,039 2,200 888 672,451 653,288 653,278 240,142 413,136 10 19,000 164 10,510 1,587 38,805 0 737,481

Assets, liabilities, and capital

 4,706 874 33 298,502 279,497 279,493 102,740 176,753 4 19,000 5 713 186 14,135 +16,881 336,030

 495 115 33 31,584 31,584 31,583 11,610 19,973 0 0 0 717 91 1,794 - 4,380 30,448

 380 83 46 20,425 20,424 20,424 7,508 12,916 0 0 0 477 52 1,081 - 1,702 20,843

 477 104 39 30,611 30,611 30,611 11,252 19,359 0 0 0 450 152 2,388 - 1,917 32,304

 808 147 111 50,240 50,240 50,239 18,468 31,771 1 0 0 974 143 5,982 - 1,979 56,425

 863 166 114 44,149 44,134 44,133 16,223 27,910 1 0 16 1,326 278 2,277 - 1,141 48,032

 982 212 114 66,049 66,015 66,014 24,266 41,748 1 0 34 845 119 3,617 - 7,540 64,398

 331 71 61 20,577 20,553 20,553 7,555 12,998 0 0 24 479 43 1,009 - 1,531 21,041

 2   14,6 14,5 14,5 5,3 9,2    3 1 1,1 - 3 16,1
 777,982

 111,177 666,805 666,805 11,039 2,200 653,145 420 672,288 19,142 653,145

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.

 777,982 115,968 662,014 19,138 27,215 20,690 5,720 525 281 9,070 2,159 719,597 8,724 8,380 780 737,481

 31,566 5,093 26,473 925 1,420 1,418 0 2 1 594 123 29,535 446 436 30 30,448

 333,820 23,519 310,302 8,188 11,739 5,360 5,720 501 159 1,047 668 331,944 1,952 1,809 326 336,030

 25,716 7,881 17,834 598 1,259 1,258 0 1 0 542 91 20,325 253 233 32 20,843

 31,887 5,293 26,594 897 2,763 2,760 0 3 1 496 115 30,865 710 702 27 32,304

 58,577 10,230 48,347 1,472 1,527 1,405 0 7 115 643 223 52,213 2,089 2,073 51 56,425

 63,509 20,355 43,154 1,293 1,478 1,474 0 2 2 946 180 47,051 477 475 29 48,032

 67,084 9,576 57,508 1,934 2,202 2,199 0 3 0 664 217 62,525 915 858 100 64,398

 23,582 4,582 19,001 602 605 604 0 1 1 270 95 20,573 228 199 41 21,041

 15,5 1,6 13,9 4 4 4    5  15,4 3 3  16,1

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 13, 2003 (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 eligible assets

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

 Aug 13, 2003

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.