Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 722,887 + 7,849 + 61,218 729,755

Securities held outright 656,416 + 174 + 46,773 656,499

U.S. Treasury1 656,406 + 174 + 46,773 656,489

Bills2 241,799 + 160 + 34,164 241,879

Notes and bonds, nominal2 399,595 0 + 11,029 399,595

Notes and bonds, inflation-indexed2 13,454 0 + 1,212 13,454

Inflation compensation3 1,557 + 14 + 368 1,561

Federal agency2 10 0 0 10

Repurchase agreements4 26,393 + 7,143 + 13,857 30,250

Loans to depository institutions 102 - 25 - 27 110

Primary credit 4 + 2 + 4 13

Secondary credit 0 0 0 0

Seasonal credit 98 - 27 - 26 97

Adjustment credit 0 0 - 5 0

Float -282 + 5 - 940 2,978

Other Federal Reserve assets 40,258 + 553 + 1,555 39,917

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,285 + 14 + 942 35,285

Total factors supplying reserve funds 771,415 + 7,863 + 62,161 778,283

Currency in circulation5 703,116 + 4,137 + 38,704 704,151

Reverse repurchase agreements6 19,095 - 227 + 19,095 18,642

Foreign official and international accounts 19,095 - 227 + 19,095 18,642

Dealers 0 0 0 0

Treasury cash holdings 373 + 15 - 11 387

Deposits with F.R. Banks, other than reserve balances 15,566 - 1,523 + 648 16,681

U.S. Treasury, general account 3,745 - 1,440 - 582 4,857

Foreign official 139 + 34 + 62 165

Service-related 11,370 - 85 + 1,071 11,370

Required clearing balances 11,252 + 1 + 1,253 11,252

Adjustments to compensate for float 118 - 86 - 182 118

Other 312 - 33 + 96 289

Other liabilities and capital 20,523 - 55 + 988 19,974

Total factors, other than reserve balances,

absorbing reserve funds 758,672 + 2,345 + 59,424 759,834

Reserve balances with Federal Reserve Banks 12,742 + 5,517 + 2,737 18,449

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 990,783 - 985 . . . 1,000,170

U.S. Treasury 797,796 - 871 . . . 805,226

Federal agency 192,987 - 114 . . . 194,944

Securities lent to dealers 959 - 1,379 - 1,323 1,639

FEDERAL RESERVE statistical release

 October 16, 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

 Oct 15, 2003 Week ended

 Oct 15, 2003 Oct 8, 2003 Oct 16, 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 813 - 13 - 246

Securities, repurchase agreements, and loans 686,859 + 10,714 + 62,579

Securities held outright 656,499 + 219 + 46,129

U.S. Treasury1 656,489 + 219 + 46,129

Bills2 241,879 + 207 + 33,522

Notes and bonds, nominal2 399,595 0 + 11,029

Notes and bonds, inflation-indexed2 13,454 0 + 1,212

Inflation compensation3 1,561 + 13 + 366

Federal agency2 10 0 0

Repurchase agreements4 30,250 + 10,500 + 16,500

Loans 110 - 5 - 49

Items in process of collection (1,327) 14,302 + 6,551 - 1,793

Bank premises 1,596 + 1 + 70

Other assets5 38,306 - 135 + 1,168

Total assets (1,327) 755,114 + 17,118 + 61,779

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 670,061 + 2,887 + 37,928

Reverse repurchase agreements6 18,642 - 309 + 18,642

Deposits ( 0 ) 35,130 + 11,512 + 4,777

Depository institutions 29,820 + 11,552 + 4,350

U.S. Treasury, general account 4,857 - 78 + 265

Foreign official 165 + 84 + 90

Other ( 0 ) 289 - 45 + 74

Deferred availability cash items (1,327) 11,307 + 3,349 - 260

Other liabilities and accrued dividends7 2,239 - 8 - 154

Total liabilities (1,327) 737,379 + 17,430 + 60,934

Capital accounts

Capital paid in 8,739 - 8 + 469

Surplus 8,375 - 5 + 1,063

Other capital accounts 621 - 299 - 688

Total capital 17,735 - 313 + 845

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 16, 2002

Eliminations from

consolidation Wednesday

 Oct 15, 2003

Wednesday

 Oct 8, 2003

3. Maturity Distribution of Loans and Securities, October 15, 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 45,028 - 414 0 0 30,250 18,642

16 days to 90 days 73 147,680 + 940 10 0 0 0

91 days to 1 year 0 158,103 - 319 0 0 . . . . . . 

Over 1 year to 5 years . . . 176,910 + 3 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,669 + 5 0 0 . . . . . . 

Over 10 years . . . 77,100 + 5 0 0 . . . . . . 

All 110 656,489 + 219 10 0 30,250 18,642

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 15, 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 2,200 813 686,859 656,499 656,489 241,879 414,610 10 30,250 110 15,629 1,596 38,306 0 756,441

Assets, liabilities, and capital

 4,706 874 38 311,122 280,872 280,867 103,484 177,384 4 30,250 0 1,528 190 13,742 - 2,224 329,975

 495 115 26 31,739 31,739 31,738 11,694 20,045 0 0 0 986 91 1,773 + 4,138 39,364

 380 83 35 20,525 20,525 20,525 7,562 12,962 0 0 0 992 52 1,060 - 1,445 21,681

 477 104 34 30,762 30,762 30,762 11,334 19,428 0 0 0 836 150 2,400 - 1,454 33,309

 808 147 97 50,491 50,487 50,486 18,601 31,885 1 0 4 1,298 143 6,102 - 473 58,614

 863 166 104 44,352 44,351 44,350 16,340 28,009 1 0 2 1,495 277 2,216 + 2,575 52,048

 982 212 101 66,369 66,339 66,338 24,442 41,897 1 0 29 1,354 120 3,568 - 7,779 64,926

 331 71 55 20,674 20,654 20,654 7,610 13,044 0 0 19 779 43 986 - 1,659 21,280

 2   14,6 14,6 14,6 5,3 9,2    7 1 1,1 -  16,9
 789,005

 114,046 674,958 674,958 11,039 2,200 661,719 0 686,749 18,646 668,104

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.

 789,005 118,943 670,061 18,642 35,130 29,820 4,857 165 289 12,634 2,239 738,706 8,739 8,375 621 756,441

 35,606 5,373 30,232 901 6,348 6,340 0 2 7 847 132 38,461 448 436 19 39,364

 328,920 24,274 304,647 7,975 11,197 6,040 4,857 141 159 1,330 686 325,835 1,998 1,809 334 329,975

 27,431 8,834 18,596 583 1,077 1,075 0 1 1 815 93 21,164 255 233 29 21,681

 33,092 5,336 27,756 874 2,375 2,371 0 3 1 765 124 31,892 705 702 10 33,309

 59,459 10,110 49,349 1,434 2,577 2,459 0 7 111 887 238 54,485 2,061 2,068 0 58,614

 64,090 18,306 45,783 1,259 2,571 2,569 0 2 0 1,279 178 51,070 482 475 21 52,048

 66,951 10,249 56,702 1,884 3,133 3,129 0 3 0 1,124 226 63,069 917 858 83 64,926

 23,499 4,476 19,023 586 710 702 0 1 8 392 103 20,815 229 199 38 21,280

 15,7 1,6 14,1 4 8 8    6  16,2 3 3  16,9

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 15, 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

 Oct 15, 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.