FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              July 14, 2005
1. Factors Affecting Reserve Balances of Depository Institutions
Millions of dollars
                                                                   Averages of daily figures
Reserve Bank credit, related items, and                   Week ended   Change from week ended     Wednesday
reserve balances of depository institutions at           Jul 13, 2005  Jul 6, 2005 Jul 14, 2004 Jul 13, 2005
Federal Reserve Banks

Reserve Bank Credit                                         792,010    -   3,787    +  36,602      790,828
 Securities held outright                                   724,714    -       5    +  34,940      724,712       
    U.S. Treasury (1)                                       724,714    -       5    +  34,940      724,712
       Bills (2)                                            265,015            0    +   9,991      265,015
       Notes and bonds, nominal (2)                         437,374            0    +  19,123      437,374
       Notes and bonds, inflation-indexed (2)                19,533            0    +   5,012       19,533
       Inflation compensation (3)                             2,792    -       5    +     815        2,790
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    26,893    -   3,178    +   1,643       25,250
 Loans to depository institutions                               275    -     470    +      32          238
    Primary credit                                               51    -     488    -       2           11
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             224    +      18    +      33          228
 Float                                                           23    -     491    +     232          264
 Other Federal Reserve assets                                40,105    +     357    -     245       40,363
Gold stock                                                   11,041            0    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,629    +      14    +     570       36,629
       
Total factors supplying reserve funds                       841,880    -   3,773    +  37,169      840,698
                                                                   
Currency in circulation(5)                                  765,786    -     715    +  29,536      765,478
Reverse repurchase agreements (6)                            25,416    -     351    +   5,649       25,597
   Foreign official and international accounts               25,416    -     351    +   5,649       25,597
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          237            0    -      65          235
Deposits with F.R.Banks, other than reserve balances         14,216    +   1,686    -   1,409       14,200       
  U.S. Treasury, general account                              4,843    +   1,003    +       9        4,790
  Foreign official                                               86    -      39    +       6          100
  Service-related                                             9,006    +     728    -   1,417        9,006
     Required clearing balances                               9,006    +     728    -   1,416        9,006
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         281    -       6    -       7          304
Other liabilities and capital                                29,612    +     569    +   7,899       29,632

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  835,266    +   1,188    +  41,608      835,142

Reserve balances with Federal Reserve Banks                   6,614    -   4,961    -   4,440        5,555
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,442,624    +   4,650    + 208,616    1,443,055
     U.S. Treasury                                        1,092,727    +   6,791    +  95,679    1,091,724
     Federal agency                                         349,897    -   2,141    + 112,937      351,331
  Securities lent to dealers                                  2,889    -   2,467    +   2,314        2,874   


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.


2. Consolidated Statement of Condition of All Federal Reserve Banks
Millions of Dollars
                                              Eliminations                          Change Since
                                                  from       Wednesday        Wednesday        Wednesday
Assets, liabilities, and capital             consolidation Jul 13, 2005      Jul 6, 2005     Jul 14, 2004

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               612        +       4        -      98
Securities, repurchase agreements, and loans                   750,201        -   8,738        +  34,132
   Securities held outright                                    724,712        -       5        +  34,403
      U.S. Treasury (1)                                        724,712        -       5        +  34,403       
         Bills (2)                                             265,015                0        +   9,837
         Notes and bonds, nominal (2)                          437,374                0        +  19,123
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   4,671
         Inflation compensation (3)                              2,790        -       6        +     773
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    25,250        -   8,750        -     250    
   Loans                                                           238        +      16        -      22
Items in process of collection                      (665)        6,442        -   4,476        +     438
Bank premises                                                    1,814        -       2        +     117
Other assets (5)                                                38,565        +     532        -     333
      Total assets                                  (665)      810,870        -  12,681        +  34,252
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  729,691        -   2,826        +  28,564
Reverse repurchase agreements (6)                               25,597        +   1,133        +   5,762
Deposits                                              (0)       19,771        -   9,573        -   8,460       
  Depository institutions                                       14,577        -   9,847        -   7,854
  U.S. Treasury, general account                                 4,790        +     246        -     579
  Foreign official                                                 100        +      18        +      19
  Other                                               (0)          304        +       9        -      45
Deferred availability cash items                    (665)        6,178        -   2,254        +      70
Other liabilities and accrued dividends (7)                      3,269        +      44        +     883
      Total liabilities                             (665)      784,507        -  13,475        +  26,820
                          
Capital Accounts
Capital paid in                                                 13,369        +     430        +   4,118
Surplus                                                         11,482        +      45        +   2,635
Other capital accounts                                           1,513        +     319        +     680
      Total capital                                             26,363        +     794        +   7,432


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 securites.
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.



3. Maturity Distribution of Loans and Securities,      July 13, 2005
Millions of dollars
                                    U.S. Treasury           Federal agency                      Reverse
Maturity             Loans           securities (1)          securities           Repurchase   repurchase
                                              Weekly                    Weekly    agreements(2)agreements(2)
                                  Holdings    changes      Holdings    changes    
Within 15 days              37       50,577   -     976            0           0       25,250       25,597
16 days to 90 days         201      166,206   +     935            0           0            0            0
91 days to 1 year            0      160,378   +      40            0           0     ------      ------
Over 1 to 5 years     ------        215,248   -       2            0           0     ------      ------
Over 5 to 10 years    ------         54,150   -       1            0           0     ------      ------
Over 10 years         ------         78,153   -       3            0           0     ------      ------
                   		 	
All                        238      724,712   -       5            0           0       25,250      25,597

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.



4. Statement of Condition of Each Federal Reserve Bank on      July 13, 2005
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital               Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Assets                        
Gold certificate account                      11,037        510      4,355        432        453        836        945        928        327        212        318        549      1,172
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             612         15         34         30         48         51         84         96         36         18         46         63         90
Securities, repurchase agreements,
      and loans                              750,201     37,078    312,629     25,709     30,616     55,308     56,078     65,345     22,523     15,212     20,517     35,697     73,489
   Securities held outright                  724,712     37,078    287,374     25,709     30,616     55,308     56,068     65,264     22,488     15,136     20,498     35,693     73,481
      U.S. Treasury (1)                      724,712     37,078    287,374     25,709     30,616     55,308     56,068     65,264     22,488     15,136     20,498     35,693     73,481
         Bills (2)                           265,015     13,559    105,088      9,401     11,196     20,225     20,503     23,866      8,224      5,535      7,496     13,052     26,871
         Notes and bonds(3)                  459,698     23,520    182,286     16,308     19,420     35,083     35,565     41,398     14,265      9,601     13,002     22,641     46,610
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                25,250          0     25,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      238          0          5          0          0          0         11         81         34         76         20          4          8
Items in process of collection                 7,107        611        369        414        600        480        668        184        204        389      1,019        488      1,681
Bank premises                                  1,814        106        202         54        158        143        274        190         64        121         76        264        165
Other assets(5)                               38,565      3,283     14,567      1,222      2,496      4,927      2,203      2,686        918        775        712      1,036      3,740
Interdistrict settlement account                   0    - 1,892    -13,439    + 6,284    +   361    + 4,391    + 3,559    + 3,272    +   444    -   494    +   514    -   591    - 2,411
          Total Assets                       811,535     39,826    319,590     34,228     34,836     66,283     63,977     72,914     24,586     16,262     23,269     37,604     78,160

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 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.




4. Statement of Condition of Each Federal Reserve Bank on      July 13, 2005
Millions of dollars
                                                                                                                                                            Kansas                 San
Assets, liabilities, and capital                Total     Boston   New York Philadelphia Cleveland   Richmond   Atlanta    Chicago   St. Louis  Minneapolis   City      Dallas   Francisco

Liabilities                         
Federal Reserve notes outstanding             870,267     39,399    335,861     36,942     35,126     66,991     81,239     76,117     25,463     16,567     25,457     43,051     88,052
  Less: notes held by F.R. Banks              140,575      3,877     44,147      5,856      4,913     11,922     23,426      9,495      2,864      2,264      4,589      8,196     19,024
    Federal Reserve notes, net                729,691     35,522    291,714     31,086     30,213     55,069     57,813     66,622     22,599     14,303     20,868     34,854     69,029
Reverse repurchase agreements (1)              25,597      1,310     10,150        908      1,081      1,954      1,980      2,305        794        535        724      1,261      2,595
Deposits                                       19,771        825      8,433        617        639      1,889      1,549      1,573        507        344        584        705      2,105
  Depository institutions                      14,577        817      3,390        616        634      1,768      1,547      1,570        504        343        583        704      2,101
  U.S. Treasury, general account                4,790          0      4,790          0          0          0          0          0          0          0          0          0          0
  Foreign official                                100          5         72          1          4          7          2          3          1          1          1          0          4
  Other                                           304          4        181          0          1        114          0          0          2          0          1          0          0
Deferred availability cash items                6,843        614        694        425        503        529        748        366        168        463        654        287      1,391
Other liabilities and accrued                 
  dividends (2)                                 3,269        177      1,104        129        166        305        274        313        129         99        106        174        295
   
    Total liabilities                         785,172     38,448    312,095     33,166     32,603     59,745     62,364     71,178     24,197     15,743     22,937     37,281     75,415
                              
Capital                    
Capital paid in                                13,369        173      3,627        734      1,128      3,960        862        845        138        253        160        149      1,341
Surplus                                        11,482      1,205      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,513          0        439         35         40        431        235        127         16         11         19         39        121
     Total liabilities and capital            811,535     39,826    319,590     34,228     34,836     66,283     63,977     72,914     24,586     16,262     23,269     37,604     78,160
                              

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.


5. Collateral Held against Federal Reserve Notes: Federal Reserve Agents' Accounts
Millions of dollars



Federal Reserve notes and collateral        Wednesday
                                          Jul 13, 2005
              
Federal Reserve notes outstanding             870,267
   Less: Notes held by F.R. Banks
         not subject to collateralization     140,575
      Federal Reserve Notes to be
         collateralized                       729,691 
Collateral held against Federal Reserve            
   notes                                      729,691
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              716,455
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         749,962
   Less:face value of securities under
         reverse repurchase agreements         25,619
      U.S. Treasury and agency securities
             eligible to be pledged           724,343
   

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 of inflation-indexed securities, and cash value of repurchase agreements.