FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 15, 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           Sep 14, 2005  Sep 7, 2005 Sep 15, 2004 Sep 14, 2005
Federal Reserve Banks

Reserve Bank Credit                                         800,567    +   1,287    +  32,149      804,967
 Securities held outright                                   732,393    +   1,982    +  36,830      733,268       
    U.S. Treasury (1)                                       732,393    +   1,982    +  36,830      733,268
       Bills (2)                                            267,814    +      34    +  12,454      267,826
       Notes and bonds, nominal (2)                         441,808    +   1,516    +  18,581      442,593
       Notes and bonds, inflation-indexed (2)                19,919    +     386    +   5,057       19,983
       Inflation compensation (3)                             2,852    +      47    +     739        2,865
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    28,036    -   2,214    -   5,464       32,000
 Loans to depository institutions                               312    -       9    +      54          333
    Primary credit                                                3    -      17    -      17           13
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             309    +       8    +      71          321
 Float                                                          820    +   1,271    +     347          267
 Other Federal Reserve assets                                39,006    +     256    +     381       39,099
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,513    +      14    +     275       36,513
       
Total factors supplying reserve funds                       850,322    +   1,302    +  32,423      854,721
                                                                   
Currency in circulation(5)                                  769,193    +     166    +  29,051      769,103
Reverse repurchase agreements (6)                            25,235    +      20    +     528       25,960
   Foreign official and international accounts               25,235    +      20    +     528       25,960
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          254    -       7    -      68          252
Deposits with F.R.Banks, other than reserve balances         14,230    +     118    -   1,610       14,542       
  U.S. Treasury, general account                              4,973    +     187    -     288        5,319
  Foreign official                                               91    -      51    +       7           83
  Service-related                                             8,882    -       4    -   1,341        8,882
     Required clearing balances                               8,882    -       4    -   1,341        8,882
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         284    -      14    +      11          258
Other liabilities and capital                                31,283    -      74    +   8,012       30,807

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  840,195    +     223    +  35,913      840,664

Reserve balances with Federal Reserve Banks                  10,127    +   1,079    -   3,490       14,057
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,459,730    -   6,792    + 168,356    1,459,821
     U.S. Treasury                                        1,090,975    -   6,312    +  43,218    1,086,811
     Federal agency                                         368,755    -     480    + 125,139      373,011
  Securities lent to dealers                                  5,592    +   2,645    +   3,895        5,412   


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 Sep 14, 2005      Sep 7, 2005     Sep 15, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               667        +      12        -     103
Securities, repurchase agreements, and loans                   765,601        +   3,352        +  34,095
   Securities held outright                                    733,268        +   2,850        +  37,565
      U.S. Treasury (1)                                        733,268        +   2,850        +  37,565       
         Bills (2)                                             267,826        +      46        +  12,437
         Notes and bonds, nominal (2)                          442,593        +   2,301        +  19,252
         Notes and bonds, inflation-indexed (2)                 19,983        +     450        +   5,121
         Inflation compensation (3)                              2,865        +      52        +     754
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,000        +     500        -   3,500    
   Loans                                                           333        +       2        +      30
Items in process of collection                    (1,206)        7,194        -   2,581        +     960
Bank premises                                                    1,834        +       2        +     112
Other assets (5)                                                37,384        +     366        +     469
      Total assets                                (1,206)      825,917        +   1,151        +  35,532
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  733,504        -   1,697        +  29,087
Reverse repurchase agreements (6)                               25,960        +     806        +   1,637
Deposits                                              (7)       28,718        +   3,872        -   3,775       
  Depository institutions                                       23,058        +   3,053        -   1,477
  U.S. Treasury, general account                                 5,319        +     874        -   2,307
  Foreign official                                                  83        +       1        +       4
  Other                                               (7)          258        -      56        +       6
Deferred availability cash items                  (1,200)        6,928        -   1,621        +     655
Other liabilities and accrued dividends (7)                      3,751        +     106        +   1,102
      Total liabilities                           (1,206)      798,861        +   1,466        +  28,705
                          
Capital Accounts
Capital paid in                                                 13,297        -     106        +   2,818
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,129        -     209        +   1,226
      Total capital                                             27,056        -     315        +   6,827


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, September 14, 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              61       52,446   +      96            0           0       32,000       25,960
16 days to 90 days         272      162,236   -     200            0           0            0            0
91 days to 1 year            0      174,557   +     150            0           0     ------      ------
Over 1 to 5 years     ------        214,341   +   2,548            0           0     ------      ------
Over 5 to 10 years    ------         52,583   +     146            0           0     ------      ------
Over 10 years         ------         77,104   +     108            0           0     ------      ------
                   		 	
All                        333      733,268   +   2,850            0           0       32,000      25,960

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 September 14, 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                                             667         15         41         34         52         57         98         88         37         19         61         68         96
Securities, repurchase agreements,
      and loans                              765,601     37,516    322,777     26,015     30,977     55,960     56,740     66,124     22,821     15,411     20,782     36,123     74,354
   Securities held outright                  733,268     37,516    290,766     26,012     30,977     55,960     56,730     66,034     22,754     15,315     20,740     36,115     74,349
      U.S. Treasury (1)                      733,268     37,516    290,766     26,012     30,977     55,960     56,730     66,034     22,754     15,315     20,740     36,115     74,349
         Bills (2)                           267,826     13,703    106,202      9,501     11,314     20,440     20,720     24,119      8,311      5,594      7,575     13,191     27,156
         Notes and bonds(3)                  465,441     23,813    184,564     16,511     19,663     35,521     36,009     41,915     14,443      9,721     13,165     22,924     47,193
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,000          0     32,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      333          0         11          3          0          0         10         90         67         96         43          8          5
Items in process of collection                 8,401        510        489        410        584        502      1,930        457        407        347        803        499      1,464
Bank premises                                  1,834        107        205         54        157        144        273        204         66        120         78        263        165
Other assets(5)                               37,384      3,247     14,040      1,173      2,459      4,864      2,100      2,564        874        745        670        956      3,691
Interdistrict settlement account                   0    - 2,622    -17,523    + 6,183    +   918    + 5,732    + 3,892    + 3,464    +   587    -   659    +   482    - 4,156    + 3,701
          Total Assets                       827,123     39,398    325,258     34,384     35,704     68,242     66,145     74,042     25,190     16,224     23,260     34,399     84,877

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 September 14, 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             886,582     39,662    332,268     37,533     36,080     68,139     80,973     78,305     26,487     16,820     25,934     47,750     96,631
  Less: notes held by F.R. Banks              153,078      4,853     40,715      6,463      5,519     13,237     22,697     11,049      3,333      2,572      5,239     16,826     20,575
    Federal Reserve notes, net                733,504     34,809    291,553     31,070     30,561     54,902     58,276     67,256     23,154     14,248     20,695     30,925     76,056
Reverse repurchase agreements (1)              25,960      1,328     10,294        921      1,097      1,981      2,008      2,338        806        542        734      1,279      2,632
Deposits                                       28,725        852     13,878        584        995      3,629      2,784      1,796        521        321        656        878      1,830
  Depository institutions                      23,058        844      8,324        583        990      3,554      2,775      1,792        519        320        654        877      1,825
  U.S. Treasury, general account                5,319          0      5,319          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 83          5         55          1          4          7          2          3          1          1          1          0          4
  Other                                           265          3        181          1          1         68          7          1          1          0          1          0          0
Deferred availability cash items                8,128        676        777        446        711        522        988        544        183        500        701        802      1,277
Other liabilities and accrued                 
  dividends (2)                                 3,751        195      1,272        150        191        376        305        352        140        109        122        191        348
   
    Total liabilities                         800,068     37,860    317,774     33,172     33,555     61,410     64,362     72,286     24,803     15,721     22,908     34,074     82,143
                              
Capital                    
Capital paid in                                13,297        173      3,650        742      1,026      3,922        869        863        139        243        170        150      1,351
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,129         12        404        177         59        762        398        130         12          5         29         40        101
     Total liabilities and capital            827,123     39,398    325,258     34,384     35,704     68,242     66,145     74,042     25,190     16,224     23,260     34,399     84,877
                              

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
                                          Sep 14, 2005
              
Federal Reserve notes outstanding             886,582
   Less: Notes held by F.R. Banks
         not subject to collateralization     153,078
      Federal Reserve Notes to be
         collateralized                       733,504 
Collateral held against Federal Reserve            
   notes                                      733,504
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              720,267
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         765,268
   Less:face value of securities under
         reverse repurchase agreements         25,984
      U.S. Treasury and agency securities
             eligible to be pledged           739,284
   

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.