Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 800,393 - 174 + 32,935 794,273

Securities held outright 733,363 + 970 + 36,339 733,388

U.S. Treasury1 733,363 + 970 + 36,339 733,388

Bills2 267,906 + 92 + 11,993 267,922

Notes and bonds, nominal2 442,593 + 785 + 18,452 442,593

Notes and bonds, inflation-indexed2 19,983 + 64 + 5,121 19,983

Inflation compensation3 2,880 + 28 + 773 2,889

Federal agency2 0 0 0 0

Repurchase agreements4 27,614 - 422 - 3,672 20,250

Loans to depository institutions 322 + 10 - 270 330

Primary credit 1 - 2 - 351 1

Secondary credit 0 0 0 0

Seasonal credit 321 + 12 + 81 329

Float -18 - 838 + 273 1,034

Other Federal Reserve assets 39,113 + 107 + 266 39,272

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 36,527 + 14 + 275 36,527

Total factors supplying reserve funds 850,162 - 159 + 33,209 844,042

Currency in circulation5 767,176 - 2,017 + 29,672 767,471

Reverse repurchase agreements6 24,535 - 700 - 279 23,991

Foreign official and international accounts 24,535 - 700 - 279 23,991

Dealers 0 0 0 0

Treasury cash holdings 252 - 2 - 60 254

Deposits with F.R. Banks, other than reserve balances 14,879 + 649 - 2,623 14,279

U.S. Treasury, general account 6,319 + 1,346 - 660 5,718

Foreign official 82 - 9 + 1 83

Service-related 8,238 - 644 - 1,926 8,238

Required clearing balances 8,238 - 644 - 1,926 8,238

Adjustments to compensate for float 0 0 0 0

Other 240 - 44 - 38 240

Other liabilities and capital 30,981 - 302 + 7,758 30,779

Total factors, other than reserve balances,

absorbing reserve funds 837,824 - 2,371 + 34,469 836,775

Reserve balances with Federal Reserve Banks 12,338 + 2,212 - 1,259 7,267

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,456,340 - 3,390 + 166,149 1,460,212

U.S. Treasury 1,082,092 - 8,883 + 34,529 1,084,779

Federal agency 374,248 + 5,493 + 131,620 375,433

Securities lent to dealers 5,536 - 56 + 4,541 5,888

FEDERAL RESERVE statistical release

 September 22, 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

 Sep 21, 2005 Week ended

 Sep 21, 2005 Sep 14, 2005 Sep 22, 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 - 2

Special drawing rights certificate account 2,200 0 0

Coin 700 + 33 - 73

Securities, repurchase agreements, and loans 753,968 - 11,633 + 29,052

Securities held outright 733,388 + 120 + 35,227

U.S. Treasury1 733,388 + 120 + 35,227

Bills2 267,922 + 96 + 10,869

Notes and bonds, nominal2 442,593 0 + 18,452

Notes and bonds, inflation-indexed2 19,983 0 + 5,121

Inflation compensation3 2,889 + 24 + 784

Federal agency2 0 0 0

Repurchase agreements4 20,250 - 11,750 - 6,250

Loans 330 - 3 + 75

Items in process of collection (1,069) 7,928 + 734 + 2,634

Bank premises 1,839 + 5 + 116

Other assets5 37,595 + 211 + 148

Total assets (1,069) 815,266 - 10,651 + 31,875

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 731,894 - 1,610 + 29,135

Reverse repurchase agreements6 23,991 - 1,969 - 565

Deposits (0) 21,709 - 7,009 - 5,378

Depository institutions 15,667 - 7,391 - 6,246

U.S. Treasury, general account 5,718 + 399 + 873

Foreign official 83 0 + 5

Other (0) 240 - 18 - 12

Deferred availability cash items (1,069) 6,894 - 34 + 1,056

Other liabilities and accrued dividends7 3,745 - 6 + 1,060

Total liabilities (1,069) 788,233 - 10,628 + 25,307

Capital accounts

Capital paid in 13,302 + 5 + 2,801

Surplus 11,630 0 + 2,783

Other capital accounts 2,102 - 27 + 985

Total capital 27,034 - 22 + 6,568

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 22, 2004

Eliminations from

consolidation Wednesday

 Sep 21, 2005

Wednesday

 Sep 14, 2005

3. Maturity Distribution of Loans and Securities, September 21, 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 303 58,604 + 6,158 0 0 20,250 23,991

16 days to 90 days 27 155,983 - 6,253 0 0 0 0

91 days to 1 year 0 174,748 + 191 0 0 . . . . . . 

Over 1 year to 5 years . . . 214,351 + 10 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,588 + 5 0 0 . . . . . . 

Over 10 years . . . 77,115 + 11 0 0 . . . . . . 

All 330 733,388 + 120 0 0 20,250 23,991

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on September 21, 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 2,200 700 753,968 733,388 733,388 267,922 465,466 0 20,250 330 8,997 1,839 37,595 0 816,336

Assets, liabilities, and capital

 4,355 874 50 311,064 290,814 290,814 106,240 184,573 0 20,250 0 476 205 14,130 -13,673 317,482

 510 115 17 37,522 37,522 37,522 13,708 23,815 0 0 0 557 109 3,248 - 3,188 38,890

 432 83 37 26,019 26,017 26,017 9,504 16,512 0 0 2 381 54 1,181 + 6,546 34,733

 453 104 54 30,982 30,982 30,982 11,318 19,664 0 0 0 819 157 2,617 + 524 35,709

 836 147 59 55,970 55,970 55,970 20,447 35,523 0 0 0 439 144 4,848 + 3,449 65,891

 945 166 102 56,749 56,739 56,739 20,728 36,011 0 0 10 1,466 273 2,067 + 3,435 65,202

 928 212 92 66,139 66,045 66,045 24,128 41,917 0 0 93 265 203 2,583 + 2,607 73,029

 327 71 39 22,819 22,758 22,758 8,314 14,444 0 0 61 399 68 891 + 311 24,924

 2   15,4 15,3 15,3 5,5 9,7   1 3 1 7 - 8 16,0
 888,632

 156,738 731,894 731,894 11,037 2,200 718,657 0 753,638 24,011 729,627

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.

 888,632 156,738 731,894 23,991 21,709 15,667 5,718 83 240 7,963 3,745 789,302 13,302 11,630 2,102 816,336

 39,451 4,892 34,559 1,227 695 687 0 5 3 676 196 37,354 173 1,353 10 38,890

 331,338 41,881 289,456 9,513 8,966 3,023 5,718 55 170 785 1,274 309,995 3,655 3,430 403 317,482

 37,531 6,573 30,957 851 1,165 1,164 0 1 0 384 150 33,508 742 294 189 34,733

 36,243 5,737 30,506 1,014 992 986 0 4 2 908 190 33,609 1,026 1,065 10 35,709

 68,162 13,515 54,646 1,831 1,651 1,582 0 7 62 553 371 59,052 3,922 2,148 769 65,891

 81,565 23,000 58,565 1,856 1,825 1,818 0 2 5 865 309 63,420 869 516 397 65,202

 77,929 11,315 66,614 2,161 1,670 1,667 0 3 0 474 352 71,271 863 763 132 73,029

 26,487 3,629 22,858 744 582 580 0 1 1 202 140 24,526 140 236 22 24,924

 16,7 2,6 14,1 5 3 3    4 1 15,5 2 2  16,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on September 21, 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

 Sep 21, 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.