Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 784,887 + 4,120 + 48,292 780,946

Securities held outright 717,686 - 159 + 46,100 717,495

U.S. Treasury1 717,686 - 159 + 46,100 717,495

Bills2 263,005 0 + 16,805 263,005

Notes and bonds, nominal2 433,286 - 143 + 23,502 433,096

Notes and bonds, inflation-indexed2 19,108 0 + 5,114 19,108

Inflation compensation3 2,286 - 17 + 678 2,286

Federal agency2 0 0 0 0

Repurchase agreements4 26,571 + 2,607 + 285 24,250

Loans to depository institutions 81 + 60 + 57 325

Primary credit 64 + 59 + 61 306

Secondary credit 0 0 0 0

Seasonal credit 17 + 1 - 4 20

Float 937 + 1,255 + 787 -655

Other Federal Reserve assets 39,612 + 357 + 1,063 39,531

Gold stock 11,042 0 - 3 11,042

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

Treasury currency outstanding5 36,546 + 14 + 897 36,546

Total factors supplying reserve funds 834,675 + 4,133 + 49,186 830,734

Currency in circulation5 751,863 - 1,394 + 38,474 752,653

Reverse repurchase agreements6 24,390 + 533 + 3,781 25,375

Foreign official and international accounts 24,390 + 533 + 3,781 25,375

Dealers 0 0 0 0

Treasury cash holdings 263 - 6 - 54 257

Deposits with F.R. Banks, other than reserve balances 14,237 - 63 - 1,994 13,961

U.S. Treasury, general account 5,199 - 51 - 419 4,906

Foreign official 83 + 2 - 8 83

Service-related 8,672 0 - 1,535 8,672

Required clearing balances 8,672 + 1 - 1,406 8,672

Adjustments to compensate for float 0 0 - 128 0

Other 283 - 13 - 33 301

Other liabilities and capital 27,580 + 145 + 7,613 27,245

Total factors, other than reserve balances,

absorbing reserve funds 818,333 - 786 + 47,820 819,492

Reserve balances with Federal Reserve Banks 16,342 + 4,919 + 1,366 11,242

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,378,687 + 13,982 + 227,007 1,381,253

U.S. Treasury 1,079,753 + 2,396 + 163,255 1,079,920

Federal agency 298,934 + 11,587 + 63,752 301,333

Securities lent to dealers 2,003 - 963 + 599 2,669

FEDERAL RESERVE statistical release

 March 3, 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

 Mar 2, 2005 Week ended

 Mar 2, 2005 Feb 23, 2005 Mar 3, 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 - 1 - 4

Special drawing rights certificate account 2,200 0 0

Coin 793 - 17 - 74

Securities, repurchase agreements, and loans 742,071 - 1,043 + 46,663

Securities held outright 717,495 - 344 + 45,863

U.S. Treasury1 717,495 - 344 + 45,863

Bills2 263,005 0 + 16,765

Notes and bonds, nominal2 433,096 - 333 + 23,312

Notes and bonds, inflation-indexed2 19,108 0 + 5,114

Inflation compensation3 2,286 - 11 + 673

Federal agency2 0 0 0

Repurchase agreements4 24,250 - 1,000 + 500

Loans 325 + 301 + 299

Items in process of collection (1,423) 7,379 - 2,276 - 675

Bank premises 1,791 + 7 + 142

Other assets5 37,715 + 44 + 1,170

Total assets (1,423) 802,986 - 3,286 + 47,223

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 717,152 - 1,219 + 36,922

Reverse repurchase agreements6 25,375 + 1,901 + 6,489

Deposits ( 0 ) 25,177 - 3,168 - 3,024

Depository institutions 19,888 - 3,614 - 3,199

U.S. Treasury, general account 4,906 + 419 + 208

Foreign official 83 + 2 + 1

Other ( 0 ) 301 + 26 - 34

Deferred availability cash items (1,423) 8,036 - 745 - 644

Other liabilities and accrued dividends7 3,033 + 22 + 813

Total liabilities (1,423) 778,774 - 3,208 + 40,557

Capital accounts

Capital paid in 12,522 + 14 + 3,556

Surplus 11,125 + 11 + 2,617

Other capital accounts 565 - 103 + 493

Total capital 24,213 - 77 + 6,666

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Mar 3, 2004

Eliminations from

consolidation Wednesday

 Mar 2, 2005

Wednesday

 Feb 23, 2005

3. Maturity Distribution of Loans and Securities, March 2, 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 306 47,997 - 8,855 0 0 24,250 25,375

16 days to 90 days 20 170,674 + 7,490 0 0 0 0

91 days to 1 year 0 158,827 + 1,032 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,790 - 4 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,277 - 2 0 0 . . . . . . 

Over 10 years . . . 76,929 - 5 0 0 . . . . . . 

All 325 717,495 - 344 0 0 24,250 25,375

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 2, 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 2,200 793 742,071 717,495 717,495 263,005 454,490 0 24,250 325 8,802 1,791 37,715 0 804,409

Assets, liabilities, and capital

 4,647 874 52 335,365 311,115 311,115 114,042 197,073 0 24,250 0 699 198 14,579 -26,630 329,785

 494 115 22 33,692 33,692 33,692 12,350 21,342 0 0 0 463 101 3,310 + 3,082 41,278

 382 83 61 21,340 21,340 21,340 7,822 13,518 0 0 0 350 53 1,006 + 6,416 29,691

 452 104 59 30,954 30,659 30,659 11,238 19,420 0 0 295 909 156 2,550 - 46 35,139

 819 147 70 54,533 54,533 54,533 19,990 34,543 0 0 0 523 143 5,029 + 1,684 62,948

 894 166 82 48,386 48,386 48,386 17,736 30,650 0 0 0 942 275 1,947 + 7,219 59,911

 924 212 126 64,639 64,631 64,631 23,691 40,940 0 0 9 777 170 2,584 + 593 70,025

 325 71 37 21,079 21,079 21,079 7,727 13,352 0 0 0 382 64 873 + 1,319 24,150

 2   15,6 15,6 15,6 5,7 9,9    4 1 7 - 7 16,4
 855,319

 138,166 717,152 717,152 11,037 2,200 703,915 0 741,745 25,393 716,352

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.

 855,319 138,166 717,152 25,375 25,177 19,888 4,906 83 301 9,459 3,033 780,196 12,522 11,125 565 804,409

 40,108 4,733 35,376 1,192 1,254 1,245 0 5 3 736 170 38,727 1,554 997 0 41,278

 340,823 43,021 297,802 11,003 11,659 6,529 4,906 55 169 1,099 1,071 322,634 3,491 3,430 231 329,785

 35,120 7,945 27,175 755 582 581 0 1 0 469 106 29,087 299 294 11 29,691

 35,530 5,367 30,163 1,084 883 879 0 4 0 830 165 33,125 1,098 916 0 35,139

 65,077 12,320 52,757 1,929 2,545 2,417 0 7 121 629 291 58,151 2,539 2,148 110 62,948

 73,182 19,563 53,619 1,711 2,132 2,130 0 2 0 1,240 227 58,929 428 516 38 59,911

 72,603 9,082 63,520 2,286 1,636 1,633 0 3 0 693 290 68,426 786 763 50 70,025

 24,743 2,865 21,878 745 480 476 0 1 3 217 117 23,437 403 236 74 24,150

 16,3 1,9 14,3 5 3 3    5  15,9 2 2  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on March 2, 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

 Mar 2, 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.