Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 716,002 + 2,594 + 58,434 711,935

Securities held outright 652,996 + 153 + 52,878 653,034

U.S. Treasury1 652,986 + 153 + 52,878 653,024

Bills2 239,855 + 154 + 37,497 239,892

Notes and bonds, nominal2 398,853 0 + 14,497 398,853

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

Inflation compensation3 1,464 - 1 + 313 1,465

Federal agency2 10 0 0 10

Repurchase agreements4 22,500 + 1,643 + 5,107 18,250

Loans to depository institutions 154 + 28 - 30 143

Primary credit 21 + 20 + 21 3

Secondary credit 0 0 0 0

Seasonal credit 133 + 8 - 46 140

Adjustment credit 0 0 - 6 0

Float 496 + 946 + 698 455

Other Federal Reserve assets 39,856 - 176 - 218 40,052

Gold stock 11,043 - 1 + 1 11,043

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

Treasury currency outstanding5 35,102 + 14 + 1,056 35,102

Total factors supplying reserve funds 764,347 + 2,608 + 59,491 760,280

Currency in circulation5 694,262 + 1,737 + 33,342 696,091

Reverse repurchase agreements6 18,946 - 970 + 18,946 19,062

Foreign official and international accounts 18,946 - 970 + 18,946 19,062

Dealers 0 0 0 0

Treasury cash holdings 365 + 22 - 12 371

Deposits with F.R. Banks, other than reserve balances 17,398 - 608 + 1,839 18,135

U.S. Treasury, general account 5,639 - 566 + 614 6,400

Foreign official 177 - 82 + 78 141

Service-related 11,287 - 4 + 1,080 11,287

Required clearing balances 10,898 0 + 939 10,898

Adjustments to compensate for float 390 - 4 + 142 390

Other 294 + 43 + 65 307

Other liabilities and capital 19,850 - 378 + 643 19,872

Total factors, other than reserve balances,

absorbing reserve funds 750,821 - 197 + 54,757 753,531

Reserve balances with Federal Reserve Banks 13,526 + 2,804 + 4,733 6,749

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 936,578 + 4,824 . . . 935,715

U.S. Treasury 752,600 + 4,490 . . . 753,009

Federal agency 183,978 + 334 . . . 182,707

Securities lent to dealers 2,765 + 709 + 1,488 4,784

FEDERAL RESERVE statistical release

 August 7, 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 6, 2003 Week ended

 Aug 6, 2003 Jul 30, 2003 Aug 7, 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 870 + 1 - 102

Securities, repurchase agreements, and loans 671,427 - 7,830 + 43,915

Securities held outright 653,034 + 168 + 51,702

U.S. Treasury1 653,024 + 168 + 51,702

Bills2 239,892 + 166 + 36,978

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

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

Inflation compensation3 1,465 + 2 + 313

Federal agency2 10 0 0

Repurchase agreements4 18,250 - 8,000 - 7,750

Loans 143 + 2 - 37

Items in process of collection (1,129) 9,337 + 1,494 + 1,776

Bank premises 1,586 0 + 67

Other assets5 38,431 + 54 - 140

Total assets (1,129) 734,891 - 6,281 + 45,517

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 662,226 + 1,540 + 32,595

Reverse repurchase agreements6 19,062 - 254 + 19,062

Deposits ( 0 ) 25,188 - 7,963 - 7,508

Depository institutions 18,340 - 7,539 - 8,763

U.S. Treasury, general account 6,400 + 226 + 1,084

Foreign official 141 - 711 + 67

Other ( 0 ) 307 + 61 + 104

Deferred availability cash items (1,129) 8,543 + 268 + 654

Other liabilities and accrued dividends7 2,125 - 26 - 252

Total liabilities (1,129) 717,144 - 6,434 + 44,551

Capital accounts

Capital paid in 8,721 + 2 + 437

Surplus 8,380 + 17 + 1,068

Other capital accounts 646 + 133 - 540

Total capital 17,747 + 153 + 966

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 7, 2002

Eliminations from

consolidation Wednesday

 Aug 6, 2003

Wednesday

 Jul 30, 2003

3. Maturity Distribution of Loans and Securities, August 6, 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 37 51,281 + 5,233 0 0 15,250 19,062

16 days to 90 days 106 137,369 - 3,811 0 0 3,000 0

91 days to 1 year 0 161,900 + 2,240 10 0 . . . . . . 

Over 1 year to 5 years . . . 177,684 - 1,665 0 0 . . . . . . 

Over 5 years to 10 years . . . 44,824 - 1,830 0 0 . . . . . . 

Over 10 years . . . 79,966 + 1 0 0 . . . . . . 

All 143 653,024 + 168 10 0 18,250 19,062

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 6, 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 2,200 870 671,427 653,034 653,024 239,892 413,132 10 18,250 143 10,466 1,586 38,431 0 736,020

Assets, liabilities, and capital

 4,706 874 30 297,639 279,389 279,385 102,633 176,751 4 18,250 0 688 186 13,966 +15,933 334,022

 495 115 35 31,571 31,571 31,571 11,598 19,973 0 0 0 850 91 1,775 - 4,615 30,317

 380 83 45 20,417 20,417 20,416 7,500 12,916 0 0 1 592 52 1,134 - 2,571 20,132

 477 104 39 30,600 30,600 30,599 11,241 19,358 0 0 0 465 152 2,364 - 3,734 30,466

 808 147 109 50,220 50,220 50,220 18,448 31,771 1 0 0 730 143 5,942 - 1,113 56,985

 863 166 115 44,129 44,116 44,116 16,206 27,910 1 0 13 946 278 2,242 - 72 48,667

 982 212 108 66,019 65,989 65,988 24,241 41,747 1 0 29 977 119 3,573 - 7,118 64,871

 331 71 56 20,569 20,545 20,545 7,547 12,998 0 0 24 568 43 997 - 1,313 21,322

 2   14,6 14,5 14,5 5,3 9,2    3 1 1,1 - 5 15,9
 775,502

 108,511 666,991 666,991 11,039 2,200 652,217 1,534 671,284 19,067 652,217

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.

 775,502 113,276 662,226 19,062 25,188 18,340 6,400 141 307 9,672 2,125 718,273 8,721 8,380 646 736,020

 31,508 5,031 26,476 922 1,204 1,197 0 2 6 686 121 29,409 446 436 26 30,317

 333,179 22,962 310,217 8,155 9,939 3,261 6,400 117 161 977 661 329,948 1,952 1,809 314 334,022

 25,551 7,985 17,567 596 767 766 0 1 0 600 89 19,619 253 233 27 20,132

 31,271 5,034 26,237 893 1,205 1,202 0 3 0 594 115 29,043 707 702 13 30,466

 58,388 10,013 48,375 1,466 2,072 1,929 0 7 136 677 219 52,809 2,092 2,073 11 56,985

 63,569 20,316 43,254 1,288 2,004 2,002 0 2 0 972 178 47,696 477 475 19 48,667

 66,839 9,213 57,627 1,926 2,483 2,479 0 3 1 765 212 63,013 915 858 85 64,871

 23,406 4,338 19,068 600 739 737 0 1 1 352 94 20,853 228 199 42 21,322

 15,3 1,5 13,7 4 5 5    4  15,2 3 3  15,9

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 6, 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 6, 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.