Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 726,848 + 5,726 + 64,412 727,168

Securities held outright 657,966 + 1,341 + 49,263 658,682

U.S. Treasury1 657,956 + 1,341 + 49,263 658,672

Bills2 242,161 + 164 + 35,487 242,308

Notes and bonds, nominal2 400,759 + 1,164 + 12,193 401,322

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

Inflation compensation3 1,582 + 13 + 369 1,587

Federal agency2 10 0 0 10

Repurchase agreements4 28,071 + 3,500 + 14,000 28,000

Loans to depository institutions 90 - 10 - 11 82

Primary credit 19 + 5 + 19 11

Secondary credit 0 0 0 0

Seasonal credit 71 - 15 - 27 71

Adjustment credit 0 0 - 3 0

Float -102 + 230 - 313 -487

Other Federal Reserve assets 40,823 + 667 + 1,473 40,891

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,313 + 14 + 942 35,313

Total factors supplying reserve funds 775,404 + 5,740 + 65,355 775,724

Currency in circulation5 702,012 - 622 + 39,910 703,467

Reverse repurchase agreements6 19,174 + 541 + 19,174 19,286

Foreign official and international accounts 19,174 + 541 + 19,174 19,286

Dealers 0 0 0 0

Treasury cash holdings 399 + 10 - 1 390

Deposits with F.R. Banks, other than reserve balances 16,920 - 394 + 1,576 17,472

U.S. Treasury, general account 5,125 - 278 + 326 5,672

Foreign official 81 - 16 - 76 85

Service-related 11,432 - 92 + 1,249 11,432

Required clearing balances 11,340 0 + 1,370 11,340

Adjustments to compensate for float 92 - 92 - 121 92

Other 283 - 6 + 78 283

Other liabilities and capital 20,506 + 270 + 855 20,106

Total factors, other than reserve balances,

absorbing reserve funds 759,012 - 194 + 61,515 760,721

Reserve balances with Federal Reserve Banks 16,393 + 5,935 + 3,841 15,003

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 995,620 + 224 . . . 997,559

U.S. Treasury 794,655 - 4,381 . . . 794,308

Federal agency 200,965 + 4,605 . . . 203,252

Securities lent to dealers 1,075 - 840 - 659 2,073

FEDERAL RESERVE statistical release

 October 30, 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 29, 2003 Week ended

 Oct 29, 2003 Oct 22, 2003 Oct 30, 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 826 + 16 - 253

Securities, repurchase agreements, and loans 686,764 + 4,406 + 57,501

Securities held outright 658,682 + 1,918 + 50,007

U.S. Treasury1 658,672 + 1,918 + 50,007

Bills2 242,308 + 177 + 35,667

Notes and bonds, nominal2 401,322 + 1,727 + 12,756

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

Inflation compensation3 1,587 + 13 + 372

Federal agency2 10 0 0

Repurchase agreements4 28,000 + 2,500 + 7,500

Loans 82 - 12 - 6

Items in process of collection (1,512) 6,443 - 1,162 - 2,916

Bank premises 1,596 - 1 + 68

Other assets5 39,289 + 437 + 1,209

Total assets (1,512) 748,158 + 3,696 + 55,611

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 669,367 + 160 + 38,202

Reverse repurchase agreements6 19,286 + 1,175 + 19,286

Deposits ( 0 ) 32,601 + 3,298 - 1,852

Depository institutions 26,560 + 2,758 - 2,060

U.S. Treasury, general account 5,672 + 549 + 284

Foreign official 85 - 14 - 153

Other ( 0 ) 283 + 4 + 77

Deferred availability cash items (1,512) 6,799 - 714 - 548

Other liabilities and accrued dividends7 2,303 + 40 - 149

Total liabilities (1,512) 730,355 + 3,957 + 54,937

Capital accounts

Capital paid in 8,742 + 8 + 471

Surplus 8,380 0 + 1,068

Other capital accounts 681 - 269 - 865

Total capital 17,803 - 260 + 674

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 30, 2002

Eliminations from

consolidation Wednesday

 Oct 29, 2003

Wednesday

 Oct 22, 2003

3. Maturity Distribution of Loans and Securities, October 29, 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 73 49,082 - 1,347 0 0 28,000 19,286

16 days to 90 days 9 144,424 + 1,622 10 0 0 0

91 days to 1 year 0 157,733 - 98 0 0 . . . . . . 

Over 1 year to 5 years . . . 178,364 + 1,450 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,958 + 285 0 0 . . . . . . 

Over 10 years . . . 77,110 + 5 0 0 . . . . . . 

All 82 658,672 + 1,918 10 0 28,000 19,286

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 29, 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 2,200 826 686,764 658,682 658,672 242,308 416,364 10 28,000 82 7,955 1,596 39,289 0 749,670

Assets, liabilities, and capital

 4,706 874 37 309,805 281,805 281,801 103,667 178,134 4 28,000 0 605 189 14,132 + 214 330,563

 495 115 26 31,844 31,844 31,844 11,715 20,129 0 0 0 467 91 1,826 + 1,223 36,088

 380 83 42 20,596 20,593 20,593 7,576 13,017 0 0 3 495 52 1,092 - 1,303 21,436

 477 104 37 30,864 30,864 30,864 11,354 19,510 0 0 0 395 150 2,451 - 2,085 32,392

 808 147 96 50,655 50,655 50,654 18,634 32,020 1 0 0 470 143 6,198 - 300 58,217

 863 166 105 44,502 44,498 44,497 16,369 28,128 1 0 4 685 277 2,286 + 2,252 51,136

 982 212 97 66,581 66,560 66,559 24,485 42,074 1 0 21 617 121 3,672 - 7,970 64,312

 331 71 60 20,731 20,723 20,723 7,623 13,099 0 0 8 394 44 1,018 - 1,687 20,962

 2   14,7 14,7 14,7 5,4 9,2    4 1 1,1 + 4 17,1
 789,293

 119,926 669,367 669,367 11,039 2,200 656,127 0 686,682 19,319 667,363

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.

 789,293 119,926 669,367 19,286 32,601 26,560 5,672 85 283 8,311 2,303 731,867 8,742 8,380 681 749,670

 36,487 5,593 30,894 932 2,428 2,419 0 2 7 790 134 35,178 448 436 26 36,088

 326,788 22,730 304,058 8,251 12,499 6,605 5,672 61 161 898 698 326,406 1,999 1,809 350 330,563

 27,442 8,736 18,706 603 1,016 1,015 0 1 0 493 94 20,912 259 233 32 21,436

 32,811 5,769 27,042 904 2,439 2,435 0 3 1 464 125 30,973 705 702 12 32,392

 59,345 10,465 48,881 1,483 2,903 2,791 0 7 104 550 258 54,075 2,061 2,073 9 58,217

 65,354 19,067 46,286 1,303 1,604 1,602 0 2 0 784 184 50,161 478 475 21 51,136

 66,778 10,485 56,294 1,949 3,299 3,295 0 3 1 670 232 62,443 917 858 94 64,312

 23,388 4,590 18,797 607 734 726 0 1 7 256 104 20,498 229 199 37 20,962

 15,7 1,5 14,2 4 1,2 1,2    5  16,4 3 3  17,1

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 29, 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 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

 Oct 29, 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.