Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 754,791 - 2,839 + 42,967 750,586

Securities held outright 693,741 + 13 + 40,669 693,746

U.S. Treasury1 693,741 + 13 + 40,679 693,746

Bills2 255,248 0 + 15,321 255,248

Notes and bonds, nominal2 421,546 0 + 22,693 421,546

Notes and bonds, inflation-indexed2 14,862 0 + 2,048 14,862

Inflation compensation3 2,085 + 13 + 618 2,090

Federal agency2 0 0 - 10 0

Repurchase agreements4 20,036 - 2,893 + 2,357 16,000

Loans to depository institutions 239 - 26 + 94 231

Primary credit 16 - 15 + 9 4

Secondary credit 0 0 0 0

Seasonal credit 223 - 11 + 85 227

Float -297 - 530 - 892 -569

Other Federal Reserve assets 41,071 + 596 + 737 41,179

Gold stock 11,044 0 + 1 11,044

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

Treasury currency outstanding5 36,064 + 14 + 896 36,064

Total factors supplying reserve funds 804,098 - 2,825 + 43,863 799,894

Currency in circulation5 734,968 + 1,053 + 39,979 736,223

Reverse repurchase agreements6 20,422 - 166 + 859 20,606

Foreign official and international accounts 20,422 - 166 + 859 20,606

Dealers 0 0 0 0

Treasury cash holdings 289 + 6 - 80 304

Deposits with F.R. Banks, other than reserve balances 15,982 + 1,073 - 1,223 15,503

U.S. Treasury, general account 5,064 + 363 - 547 4,617

Foreign official 81 - 17 - 68 82

Service-related 10,539 + 738 - 618 10,539

Required clearing balances 10,529 + 728 - 383 10,529

Adjustments to compensate for float 10 + 10 - 235 10

Other 298 - 11 + 11 265

Other liabilities and capital 21,850 + 505 + 1,660 21,669

Total factors, other than reserve balances,

absorbing reserve funds 793,510 + 2,470 + 41,194 794,305

Reserve balances with Federal Reserve Banks 10,588 - 5,295 + 2,669 5,589

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,256,264 + 8,341 + 316,480 1,256,074

U.S. Treasury 1,017,939 + 4,607 + 264,402 1,017,359

Federal agency 238,325 + 3,735 + 52,079 238,715

Securities lent to dealers 748 + 368 - 1,383 2,203

FEDERAL RESERVE statistical release

 August 12, 2004

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

 Aug 11, 2004 Week ended

 Aug 11, 2004 Aug 4, 2004 Aug 13, 2003
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 11,040 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 750 + 10 - 138

Securities, repurchase agreements, and loans 709,977 - 1,078 + 37,526

Securities held outright 693,746 + 12 + 40,458

U.S. Treasury1 693,746 + 12 + 40,468

Bills2 255,248 0 + 15,106

Notes and bonds, nominal2 421,546 0 + 22,693

Notes and bonds, inflation-indexed2 14,862 0 + 2,048

Inflation compensation3 2,090 + 12 + 621

Federal agency2 0 0 - 10

Repurchase agreements4 16,000 - 1,000 - 3,000

Loans 231 - 90 + 67

Items in process of collection (717) 5,317 - 2,294 - 3,967

Bank premises 1,710 + 1 + 123

Other assets5 39,425 + 561 + 620

Total assets (717) 770,418 - 2,801 + 34,163

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 701,208 + 326 + 39,194

Reverse repurchase agreements6 20,606 + 30 + 1,468

Deposits ( 0 ) 21,048 - 2,855 - 6,167

Depository institutions 16,084 - 2,338 - 4,606

U.S. Treasury, general account 4,617 - 464 - 1,103

Foreign official 82 - 1 - 443

Other ( 0 ) 265 - 52 - 16

Deferred availability cash items (717) 5,886 - 613 - 1,958

Other liabilities and accrued dividends7 2,512 + 66 + 353

Total liabilities (717) 751,261 - 3,045 + 32,891

Capital accounts

Capital paid in 9,260 + 7 + 536

Surplus 8,856 + 27 + 476

Other capital accounts 1,040 + 210 + 260

Total capital 19,157 + 244 + 1,273

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 13, 2003

Eliminations from

consolidation Wednesday

 Aug 11, 2004

Wednesday

 Aug 4, 2004

3. Maturity Distribution of Loans and Securities, August 11, 2004

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 26 56,565 + 263 0 0 16,000 20,606

16 days to 90 days 205 149,322 - 1,044 0 0 0 0

91 days to 1 year 0 166,742 + 781 0 0 . . . . . . 

Over 1 year to 5 years . . . 192,432 + 5 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,872 + 3 0 0 . . . . . . 

Over 10 years . . . 76,813 + 5 0 0 . . . . . . 

All 231 693,746 + 12 0 0 16,000 20,606

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 11, 2004Millions 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.

 11,040 2,200 750 709,977 693,746 693,746 255,248 438,498 0 16,000 231 6,034 1,710 39,425 0 771,135

Assets, liabilities, and capital

 4,650 874 40 316,817 300,817 300,817 110,679 190,139 0 16,000 0 329 192 14,318 -29,510 307,711

 494 115 20 32,577 32,577 32,577 11,986 20,591 0 0 0 338 96 1,789 + 2,908 38,336

 382 83 35 20,645 20,634 20,634 7,592 13,042 0 0 11 251 51 1,149 + 4,037 26,632

 452 104 44 29,644 29,644 29,644 10,907 18,737 0 0 0 419 154 2,387 + 139 33,344

 819 147 67 52,729 52,728 52,728 19,400 33,328 0 0 2 310 145 6,032 - 1,089 59,160

 894 166 97 46,793 46,784 46,784 17,213 29,571 0 0 8 628 278 2,273 + 8,633 59,762

 924 212 91 62,556 62,492 62,492 22,992 39,499 0 0 65 391 139 3,554 - 1,494 66,373

 325 71 51 20,404 20,382 20,382 7,499 12,883 0 0 23 268 56 1,033 + 1,447 23,655

 2   15,2 15,1 15,1 5,5 9,5    3 1 1,1 - 4 16,6
 823,350

 122,142 701,208 701,208 11,040 2,200 687,969 0 709,746 20,614 689,132

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.

 823,350 122,142 701,208 20,606 21,048 16,084 4,617 82 265 6,603 2,512 751,978 9,260 8,856 1,040 771,135

 38,858 4,299 34,559 968 1,085 1,082 0 2 1 548 137 37,295 506 448 86 38,336

 316,341 31,922 284,419 8,935 8,450 3,610 4,617 59 163 636 817 303,257 2,116 2,031 307 307,711

 32,777 8,622 24,155 613 742 741 0 1 0 437 100 26,047 284 259 43 26,632

 34,975 5,747 29,228 881 1,068 1,064 0 2 1 490 131 31,797 757 727 62 33,344

 62,135 11,274 50,861 1,566 1,798 1,697 0 7 94 475 258 54,958 2,084 2,074 44 59,160

 72,254 17,404 54,850 1,390 1,524 1,523 0 2 0 749 200 58,714 506 489 53 59,762

 67,951 7,838 60,112 1,856 1,665 1,661 0 3 1 401 239 64,273 1,024 924 152 66,373

 25,128 3,383 21,744 605 573 570 0 1 2 144 110 23,176 232 228 19 23,655

 15,9 1,2 14,6 4 4 4    4  16,0 2 3  16,6

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 11, 2004 (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

 Aug 11, 2004

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.