Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 715,426 - 11,116 + 59,803 718,966

Securities held outright 653,644 + 198 + 49,864 653,681

U.S. Treasury1 653,634 + 198 + 49,864 653,671

Bills2 240,492 + 194 + 36,866 240,528

Notes and bonds, nominal2 398,853 0 + 12,108 398,853

Notes and bonds, inflation-indexed2 12,814 0 + 572 12,814

Inflation compensation3 1,474 + 3 + 318 1,476

Federal agency2 10 0 0 10

Repurchase agreements4 24,607 - 9,464 + 11,143 29,000

Loans to depository institutions 157 - 780 - 824 161

Primary credit 1 - 718 + 1 2

Secondary credit 0 - 66 0 0

Seasonal credit 156 + 4 - 42 159

Adjustment credit 0 0 - 783 0

Float 183 - 661 + 231 -434

Other Federal Reserve assets 36,834 - 409 - 613 36,558

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,177 + 14 + 980 35,177

Total factors supplying reserve funds 763,846 - 11,102 + 60,784 767,386

Currency in circulation5 694,728 + 28 + 34,710 697,377

Reverse repurchase agreements6 19,223 - 883 + 19,223 19,119

Foreign official and international accounts 19,223 - 883 + 19,223 19,119

Dealers 0 0 0 0

Treasury cash holdings 338 - 17 - 31 335

Deposits with F.R. Banks, other than reserve balances 17,613 + 95 + 1,174 17,050

U.S. Treasury, general account 5,974 + 330 - 39 5,441

Foreign official 86 - 152 + 8 81

Service-related 11,246 - 85 + 1,102 11,246

Required clearing balances 10,910 - 2 + 988 10,910

Adjustments to compensate for float 337 - 82 + 115 337

Other 306 + 2 + 103 282

Other liabilities and capital 19,997 - 307 + 703 19,912

Total factors, other than reserve balances,

absorbing reserve funds 751,899 - 1,084 + 55,780 753,792

Reserve balances with Federal Reserve Banks 11,947 - 10,018 + 5,004 13,594

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 948,750 + 2,568 . . . 949,401

U.S. Treasury 761,768 + 1,280 . . . 761,587

Federal agency 186,982 + 1,287 . . . 187,814

Securities lent to dealers 1,629 - 2,603 + 1,208 2,346

FEDERAL RESERVE statistical release

 August 28, 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

 Aug 27, 2003 Week ended

 Aug 27, 2003 Aug 20, 2003 Aug 28, 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 887 - 10 - 134

Securities, repurchase agreements, and loans 682,842 - 10,446 + 62,242

Securities held outright 653,681 + 155 + 49,270

U.S. Treasury1 653,671 + 155 + 49,270

Bills2 240,528 + 152 + 36,756

Notes and bonds, nominal2 398,853 0 + 11,624

Notes and bonds, inflation-indexed2 12,814 0 + 572

Inflation compensation3 1,476 + 4 + 319

Federal agency2 10 0 0

Repurchase agreements4 29,000 - 10,500 + 13,000

Loans 161 - 101 - 28

Items in process of collection (1,104) 7,586 + 30 + 960

Bank premises 1,590 0 + 68

Other assets5 35,389 + 235 - 867

Total assets (1,104) 741,534 - 10,190 + 62,271

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 663,418 + 1,691 + 33,686

Reverse repurchase agreements6 19,119 - 1,225 + 19,119

Deposits ( 0 ) 31,731 - 10,372 + 8,515

Depository institutions 25,927 - 9,261 + 8,078

U.S. Treasury, general account 5,441 - 1,092 + 350

Foreign official 81 0 + 4

Other ( 0 ) 282 - 19 + 83

Deferred availability cash items (1,104) 7,355 - 312 + 405

Other liabilities and accrued dividends7 2,204 + 42 - 188

Total liabilities (1,104) 723,825 - 10,178 + 61,535

Capital accounts

Capital paid in 8,748 + 23 + 500

Surplus 8,380 0 + 1,068

Other capital accounts 580 - 37 - 833

Total capital 17,708 - 14 + 735

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 28, 2002

Eliminations from

consolidation Wednesday

 Aug 27, 2003

Wednesday

 Aug 20, 2003

3. Maturity Distribution of Loans and Securities, August 27, 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 138 50,191 + 782 0 0 24,000 19,119

16 days to 90 days 23 135,304 - 547 0 0 5,000 0

91 days to 1 year 0 160,830 - 84 10 0 . . . . . . 

Over 1 year to 5 years . . . 180,033 + 1 0 0 . . . . . . 

Over 5 years to 10 years . . . 50,384 + 1 0 0 . . . . . . 

Over 10 years . . . 76,929 + 1 0 0 . . . . . . 

All 161 653,671 + 155 10 0 29,000 19,119

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 27, 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 2,200 887 682,842 653,681 653,671 240,528 413,143 10 29,000 161 8,690 1,590 35,389 0 742,638

Assets, liabilities, and capital

 4,706 874 35 308,666 279,666 279,662 102,906 176,756 4 29,000 0 621 187 12,758 + 6,704 334,551

 495 115 31 31,603 31,603 31,602 11,628 19,974 0 0 0 467 91 1,630 - 4,414 30,018

 380 83 48 20,437 20,437 20,436 7,520 12,917 0 0 0 302 52 976 - 70 22,208

 477 104 39 30,630 30,630 30,629 11,271 19,359 0 0 0 557 152 2,216 - 3,345 30,830

 808 147 108 50,271 50,270 50,269 18,497 31,772 1 0 1 481 142 5,662 + 2,414 60,033

 863 166 113 44,173 44,160 44,159 16,249 27,910 1 0 13 680 277 2,040 + 890 49,202

 982 212 110 66,091 66,055 66,054 24,305 41,748 1 0 36 869 119 3,272 - 7,199 64,457

 331 71 60 20,592 20,566 20,565 7,567 12,998 0 0 26 355 43 906 - 1,207 21,150

 2   14,6 14,5 14,5 5,3 9,2    4 1 1,0 - 1 16,4
 780,878

 112,697 668,181 668,181 11,039 2,200 654,942 0 682,681 19,124 663,558

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.

 780,878 117,460 663,418 19,119 31,731 25,927 5,441 81 282 8,459 2,204 724,930 8,748 8,380 580 742,638

 31,543 5,085 26,458 924 1,102 1,095 0 2 5 507 126 29,117 446 436 18 30,018

 332,273 24,209 308,064 8,180 12,615 6,961 5,441 57 156 908 683 330,449 1,998 1,809 294 334,551

 27,183 8,001 19,182 598 1,308 1,307 0 1 0 516 91 21,695 253 233 27 22,208

 31,920 5,553 26,367 896 1,547 1,543 0 3 1 483 119 29,412 702 702 13 30,830

 58,535 10,381 48,155 1,470 5,436 5,317 0 7 111 590 235 55,886 2,072 2,073 2 60,033

 64,353 20,467 43,886 1,292 1,964 1,962 0 2 0 909 179 48,231 478 475 17 49,202

 67,184 9,653 57,531 1,932 2,236 2,232 0 3 1 683 220 62,602 915 858 82 64,457

 23,676 4,756 18,920 601 781 774 0 1 6 293 97 20,692 228 199 32 21,150

 15,8 1,5 14,2 4 5 5    4  15,7 3 3  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 27, 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 eligible assets

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

 Aug 27, 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.