Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 783,431 + 1,107 + 49,879 778,002

Securities held outright 717,341 - 191 + 43,140 717,351

U.S. Treasury1 717,341 - 191 + 43,140 717,351

Bills2 263,005 0 + 16,361 263,005

Notes and bonds, nominal2 432,885 - 211 + 21,497 432,885

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

Inflation compensation3 2,342 + 20 + 637 2,352

Federal agency2 0 0 0 0

Repurchase agreements4 25,143 + 500 + 5,572 20,000

Loans to depository institutions 69 + 10 - 4 65

Primary credit 12 - 1 - 24 2

Secondary credit 0 0 0 0

Seasonal credit 57 + 11 + 20 63

Float 254 + 778 + 753 -70

Other Federal Reserve assets 40,624 + 10 + 419 40,655

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,560 + 14 + 782 36,560

Total factors supplying reserve funds 833,232 + 1,121 + 50,657 827,803

Currency in circulation5 754,525 + 1,488 + 38,276 755,891

Reverse repurchase agreements6 23,115 - 1,564 + 3,716 22,986

Foreign official and international accounts 23,115 - 1,564 + 3,716 22,986

Dealers 0 0 0 0

Treasury cash holdings 283 + 8 - 80 277

Deposits with F.R. Banks, other than reserve balances 15,248 + 1,606 - 771 14,426

U.S. Treasury, general account 5,296 + 704 + 286 4,530

Foreign official 111 + 28 + 18 82

Service-related 9,514 + 781 - 1,053 9,514

Required clearing balances 9,514 + 782 - 1,048 9,514

Adjustments to compensate for float 0 0 - 5 0

Other 326 + 91 - 22 300

Other liabilities and capital 27,862 + 176 + 7,031 27,738

Total factors, other than reserve balances,

absorbing reserve funds 821,033 + 1,714 + 48,172 821,318

Reserve balances with Federal Reserve Banks 12,199 - 593 + 2,485 6,485

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,390,019 - 1,661 + 213,965 1,390,159

U.S. Treasury 1,081,816 - 3,232 + 140,176 1,081,265

Federal agency 308,203 + 1,571 + 73,788 308,894

Securities lent to dealers 2,979 - 297 + 1,035 1,562

FEDERAL RESERVE statistical release

 April 7, 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

 Apr 6, 2005 Week ended

 Apr 6, 2005 Mar 30, 2005 Apr 7, 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 720 + 7 - 124

Securities, repurchase agreements, and loans 737,417 - 11,931 + 43,294

Securities held outright 717,351 - 185 + 43,057

U.S. Treasury1 717,351 - 185 + 43,057

Bills2 263,005 0 + 16,276

Notes and bonds, nominal2 432,885 - 211 + 21,497

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

Inflation compensation3 2,352 + 26 + 639

Federal agency2 0 0 0

Repurchase agreements4 20,000 - 11,750 + 250

Loans 65 + 3 - 14

Items in process of collection (768) 7,349 + 1,820 + 989

Bank premises 1,802 - 4 + 144

Other assets5 38,646 - 85 - 88

Total assets (768) 799,170 - 10,195 + 44,210

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 720,324 + 636 + 36,546

Reverse repurchase agreements6 22,986 - 705 + 3,914

Deposits (14) 20,703 - 11,080 - 4,179

Depository institutions 15,791 - 10,458 - 4,095

U.S. Treasury, general account 4,530 - 668 - 31

Foreign official 82 - 20 - 14

Other ( 1 4 ) 300 + 65 - 38

Deferred availability cash items (754) 7,419 + 890 + 719

Other liabilities and accrued dividends7 3,231 + 6 + 998

Total liabilities (768) 774,664 - 10,252 + 37,999

Capital accounts

Capital paid in 12,585 + 26 + 3,603

Surplus 11,165 - 12 + 2,318

Other capital accounts 757 + 43 + 291

Total capital 24,507 + 58 + 6,212

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Apr 7, 2004

Eliminations from

consolidation Wednesday

 Apr 6, 2005

Wednesday

 Mar 30, 2005

3. Maturity Distribution of Loans and Securities, April 6, 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 10 47,012 - 7,839 0 0 20,000 22,986

16 days to 90 days 56 170,291 + 7,594 0 0 0 0

91 days to 1 year 0 160,318 + 368 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,482 - 324 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,289 + 5 0 0 . . . . . . 

Over 10 years . . . 76,959 + 12 0 0 . . . . . . 

All 65 717,351 - 185 0 0 20,000 22,986

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on April 6, 2005Millions 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.

 11,037 2,200 720 737,417 717,351 717,351 263,005 454,346 0 20,000 65 8,117 1,802 38,646 0 799,939

Assets, liabilities, and capital

 4,647 874 47 331,055 311,053 311,053 114,042 197,010 0 20,000 2 450 200 15,060 -25,349 326,982

 494 115 22 33,687 33,685 33,685 12,350 21,335 0 0 3 396 103 3,304 + 2,939 41,062

 382 83 65 21,336 21,336 21,336 7,822 13,513 0 0 0 428 53 1,073 + 7,083 30,502

 452 104 54 30,653 30,653 30,653 11,238 19,414 0 0 0 637 157 2,551 + 439 35,046

 819 147 58 54,522 54,522 54,522 19,990 34,532 0 0 0 662 143 5,044 + 2,624 64,019

 894 166 71 48,376 48,376 48,376 17,736 30,640 0 0 0 1,275 275 2,037 + 5,610 58,705

 924 212 119 64,654 64,618 64,618 23,691 40,927 0 0 36 361 175 2,679 + 760 69,884

 325 71 33 21,079 21,075 21,075 7,727 13,348 0 0 4 246 61 892 + 1,269 23,976

 2   15,6 15,6 15,6 5,7 9,9    3 1 7 - 6 16,5
 854,076

 133,752 720,324 720,324 11,037 2,200 707,087 0 737,351 23,004 714,347

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.

 854,076 133,752 720,324 22,986 20,717 15,791 4,530 82 314 8,173 3,231 775,432 12,585 11,165 757 799,939

 40,054 4,599 35,455 1,079 1,151 1,142 0 5 4 622 186 38,494 1,554 1,014 0 41,062

 338,897 38,226 300,672 9,967 7,083 2,334 4,530 53 166 954 1,143 319,820 3,502 3,430 231 326,982

 35,694 7,722 27,971 684 672 670 0 1 0 459 113 29,899 300 294 9 30,502

 35,467 5,187 30,280 982 902 884 0 4 14 667 176 33,008 1,099 939 0 35,046

 65,475 12,439 53,036 1,747 3,593 3,462 0 7 124 482 316 59,174 2,540 2,148 156 64,019

 73,215 20,179 53,037 1,550 1,736 1,734 0 2 0 1,168 238 57,729 428 516 31 58,705

 72,842 8,869 63,972 2,071 1,394 1,391 0 3 0 487 300 68,224 817 763 79 69,884

 24,704 2,983 21,721 675 543 539 0 1 3 151 123 23,213 405 236 122 23,976

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

H.4.1

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

 Apr 6, 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.