Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 787,960 - 2,035 + 41,582 793,012

Securities held outright 725,482 + 34 + 40,502 725,495

U.S. Treasury1 725,482 + 34 + 40,502 725,495

Bills2 265,015 0 + 13,102 265,015

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

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

Inflation compensation3 2,680 + 34 + 772 2,693

Federal agency2 0 0 0 0

Repurchase agreements4 23,714 - 1,786 + 893 29,000

Loans to depository institutions 162 + 10 - 7 151

Primary credit 14 + 12 - 20 0

Secondary credit 0 0 0 0

Seasonal credit 148 - 2 + 13 151

Float -721 - 422 - 361 -962

Other Federal Reserve assets 39,323 + 129 + 555 39,329

Gold stock 11,041 - 1 - 4 11,041

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

Treasury currency outstanding5 36,629 + 14 + 647 36,629

Total factors supplying reserve funds 837,830 - 2,021 + 42,225 842,882

Currency in circulation5 759,614 - 1,549 + 34,696 760,312

Reverse repurchase agreements6 23,691 - 652 + 3,635 23,147

Foreign official and international accounts 23,691 - 652 + 3,635 23,147

Dealers 0 0 0 0

Treasury cash holdings 280 - 7 - 44 271

Deposits with F.R. Banks, other than reserve balances 14,606 + 574 - 2,268 18,802

U.S. Treasury, general account 5,534 + 756 - 661 9,849

Foreign official 93 - 11 - 39 91

Service-related 8,608 - 222 - 1,687 8,608

Required clearing balances 8,608 - 222 - 1,687 8,608

Adjustments to compensate for float 0 0 0 0

Other 372 + 51 + 120 255

Other liabilities and capital 29,399 + 151 + 7,988 28,972

Total factors, other than reserve balances,

absorbing reserve funds 827,591 - 1,482 + 44,008 831,504

Reserve balances with Federal Reserve Banks 10,240 - 538 - 1,782 11,377

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,436,334 + 4,697 + 209,022 1,436,087

U.S. Treasury 1,091,824 + 3,008 + 98,339 1,092,127

Federal agency 344,510 + 1,689 + 110,683 343,960

Securities lent to dealers 5,166 + 767 + 4,240 5,614

FEDERAL RESERVE statistical release

 June 16, 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 15, 2005 Week ended

 Jun 15, 2005 Jun 8, 2005 Jun 16, 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 629 + 17 - 115

Securities, repurchase agreements, and loans 754,645 - 1,465 + 50,478

Securities held outright 725,495 + 35 + 40,502

U.S. Treasury1 725,495 + 35 + 40,502

Bills2 265,015 0 + 13,093

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

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

Inflation compensation3 2,693 + 34 + 781

Federal agency2 0 0 0

Repurchase agreements4 29,000 - 1,500 + 10,000

Loans 151 + 2 - 23

Items in process of collection (1,037) 5,333 - 1,404 - 544

Bank premises 1,823 + 2 + 135

Other assets5 37,492 - 108 + 376

Total assets (1,037) 813,159 - 2,958 + 50,325

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 724,579 - 1,122 + 33,965

Reverse repurchase agreements6 23,147 - 809 + 5,176

Deposits (0) 30,165 - 195 + 3,519

Depository institutions 19,971 - 5,151 + 763

U.S. Treasury, general account 9,849 + 5,223 + 2,782

Foreign official 91 - 21 - 41

Other (0) 255 - 246 + 17

Deferred availability cash items (1,037) 6,295 - 411 - 63

Other liabilities and accrued dividends7 3,502 + 1 + 1,025

Total liabilities (1,037) 787,689 - 2,536 + 43,624

Capital accounts

Capital paid in 12,921 + 17 + 3,702

Surplus 11,396 - 44 + 2,549

Other capital accounts 1,152 - 396 + 450

Total capital 25,470 - 422 + 6,702

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 16, 2004

Eliminations from

consolidation Wednesday

 Jun 15, 2005

Wednesday

 Jun 8, 2005

3. Maturity Distribution of Loans and Securities, June 15, 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 29 61,853 + 7,238 0 0 29,000 23,147

16 days to 90 days 122 155,574 - 7,056 0 0 0 0

91 days to 1 year 0 159,709 - 182 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,552 + 14 0 0 . . . . . . 

Over 5 years to 10 years . . . 53,769 + 5 0 0 . . . . . . 

Over 10 years . . . 78,038 + 15 0 0 . . . . . . 

All 151 725,495 + 35 0 0 29,000 23,147

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 15, 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 2,200 629 754,645 725,495 725,495 265,015 460,480 0 29,000 151 6,369 1,823 37,492 0 814,195

Assets, liabilities, and capital

 4,355 874 38 316,684 287,684 287,684 105,088 182,596 0 29,000 0 342 202 14,141 - 7,340 329,296

 510 115 20 37,119 37,119 37,119 13,559 23,560 0 0 0 310 105 3,248 - 1,874 39,553

 432 83 47 25,737 25,737 25,737 9,401 16,335 0 0 0 399 54 1,183 + 4,896 32,830

 453 104 45 30,649 30,649 30,649 11,196 19,453 0 0 0 567 158 2,462 + 900 35,337

 836 147 49 55,367 55,367 55,367 20,225 35,142 0 0 0 488 143 4,870 + 4,665 66,565

 945 166 83 56,131 56,128 56,128 20,503 35,625 0 0 3 588 274 2,057 + 2,929 63,172

 928 212 103 65,406 65,334 65,334 23,866 41,468 0 0 71 331 188 2,596 + 3,093 72,856

 327 71 33 22,521 22,513 22,513 8,224 14,289 0 0 8 196 63 888 + 465 24,564

 2   15,1 15,1 15,1 5,5 9,6    3 1 7 - 4 16,2
 864,838

 140,258 724,579 724,579 11,037 2,200 711,343 0 754,495 23,164 731,330

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.

 864,838 140,258 724,579 23,147 30,165 19,971 9,849 91 255 7,332 3,502 788,725 12,921 11,396 1,152 814,195

 39,715 4,195 35,520 1,184 847 839 0 5 4 510 178 38,240 173 1,130 11 39,553

 337,344 42,024 295,319 9,179 15,514 5,445 9,849 63 158 785 1,163 321,961 3,618 3,430 288 329,296

 36,571 6,657 29,915 821 861 860 0 1 0 477 131 32,205 308 294 22 32,830

 35,225 5,277 29,949 978 1,410 1,406 0 4 1 629 190 33,156 1,127 1,055 0 35,337

 66,875 12,223 54,652 1,766 2,764 2,670 0 7 87 537 390 60,110 3,958 2,148 350 66,565

 79,918 23,042 56,876 1,791 1,891 1,889 0 2 0 972 280 61,809 665 516 182 63,172

 75,958 9,732 66,226 2,084 2,159 2,156 0 3 1 353 329 71,152 845 763 96 72,856

 25,192 2,874 22,318 718 556 553 0 1 2 174 134 23,900 330 236 98 24,564

 16,3 2,0 14,2 4 3 3    4 1 15,7 2 2  16,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 15, 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 15, 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.