FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                          September 1, 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           Aug 31, 2005 Aug 24, 2005  Sep 1, 2004 Aug 31, 2005
Federal Reserve Banks

Reserve Bank Credit                                         797,815    +   6,375    +  33,773      805,158
 Securities held outright                                   730,700    +   2,147    +  35,849      730,380       
    U.S. Treasury (1)                                       730,700    +   2,147    +  35,849      730,380
       Bills (2)                                            267,623    +     294    +  12,297      267,766
       Notes and bonds, nominal (2)                         440,756    +   1,851    +  18,215      440,292
       Notes and bonds, inflation-indexed (2)                19,533            0    +   4,671       19,533
       Inflation compensation (3)                             2,788    +       3    +     667        2,789
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    28,714    +   3,607    -   2,286       35,500
 Loans to depository institutions                               332    -       1    +      59          336
    Primary credit                                                6    -      10    -      25           22
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             326    +       9    +      84          314
 Float                                                         -351    +     171    -     299          741
 Other Federal Reserve assets                                38,420    +     450    +     450       38,201
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,727    +      14    +     516       36,727
       
Total factors supplying reserve funds                       847,783    +   6,389    +  34,286      855,126
                                                                   
Currency in circulation(5)                                  763,154    +     114    +  28,164      766,016
Reverse repurchase agreements (6)                            24,971    +     934    +   2,529       26,487
   Foreign official and international accounts               24,971    +     934    +   2,529       26,487
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          267    +      14    -      61          267
Deposits with F.R.Banks, other than reserve balances         13,975    -     330    -   1,906       14,714       
  U.S. Treasury, general account                              4,909    -     272    -     388        5,650
  Foreign official                                               87            0    -       4           81
  Service-related                                             8,718    -       3    -   1,488        8,718
     Required clearing balances                               8,718    -       3    -   1,488        8,718
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         261    -      55    -      26          265
Other liabilities and capital                                30,988    +     201    +   8,113       30,748

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  833,356    +     934    +  36,839      838,232

Reserve balances with Federal Reserve Banks                  14,428    +   5,455    -   2,552       16,893
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,468,176    +   2,374    + 185,560    1,469,799
     U.S. Treasury                                        1,098,939    +   2,762    +  59,452    1,100,713
     Federal agency                                         369,237    -     388    + 126,107      369,086
  Securities lent to dealers                                  3,305    +   1,488    +   2,766        4,655   


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 Aug 31, 2005     Aug 24, 2005      Sep 1, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               659        +       9        -     118
Securities, repurchase agreements, and loans                   766,216        +  10,291        +  38,619
   Securities held outright                                    730,380        +     801        +  35,522
      U.S. Treasury (1)                                        730,380        +     801        +  35,522       
         Bills (2)                                             267,766        +     258        +  12,436
         Notes and bonds, nominal (2)                          440,292        +     540        +  17,751
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   4,671
         Inflation compensation (3)                              2,789        +       3        +     665
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    35,500        +   9,500        +   3,000    
   Loans                                                           336        -      10        +      97
Items in process of collection                    (1,337)        7,080        +   1,592        +     238
Bank premises                                                    1,834        +       2        +     116
Other assets (5)                                                36,458        +      63        +     128
      Total assets                                (1,337)      825,483        +  11,956        +  38,980
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  730,211        +   2,281        +  27,134
Reverse repurchase agreements (6)                               26,487        +   2,373        +   3,284
Deposits                                              (0)       31,698        +   6,650        +   1,008       
  Depository institutions                                       25,702        +   5,633        +   1,784
  U.S. Treasury, general account                                 5,650        +   1,047        -     724
  Foreign official                                                  81        +       1                0
  Other                                               (0)          265        -      31        -      52
Deferred availability cash items                  (1,337)        6,339        +     513        -     302
Other liabilities and accrued dividends (7)                      3,561        -       7        +     961
      Total liabilities                           (1,337)      798,297        +  11,810        +  32,087
                          
Capital Accounts
Capital paid in                                                 13,402        -      39        +   2,949
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,155        +     186        +   1,162
      Total capital                                             27,186        +     146        +   6,893


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,    August 31, 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             278       52,781   -   6,457            0           0       35,500       26,487
16 days to 90 days          58      155,418   -   1,306            0           0            0            0
91 days to 1 year            0      180,980   +   9,899            0           0     ------      ------
Over 1 to 5 years     ------        211,783   -   1,336            0           0     ------      ------
Over 5 to 10 years    ------         52,433           0            0           0     ------      ------
Over 10 years         ------         76,985   +       1            0           0     ------      ------
                   		 	
All                        336      730,380   +     801            0           0       35,500      26,487

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    August 31, 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                                             659         14         37         29         49         57        104         89         37         16         56         74         97
Securities, repurchase agreements,
      and loans                              766,216     37,368    325,133     25,914     30,855     55,740     56,516     65,878     22,728     15,339     20,697     35,978     74,070
   Securities held outright                  730,380     37,368    289,621     25,910     30,855     55,740     56,506     65,774     22,664     15,254     20,658     35,972     74,056
      U.S. Treasury (1)                      730,380     37,368    289,621     25,910     30,855     55,740     56,506     65,774     22,664     15,254     20,658     35,972     74,056
         Bills (2)                           267,766     13,700    106,178      9,499     11,312     20,435     20,716     24,114      8,309      5,592      7,574     13,188     27,150
         Notes and bonds(3)                  462,614     23,669    183,443     16,411     19,543     35,305     35,790     41,661     14,355      9,662     13,085     22,784     46,906
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                35,500          0     35,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      336          0         12          4          0          0          9        104         64         85         39          5         14
Items in process of collection                 8,417        362        473        490        776        320      1,612        607        434        269        988        628      1,456
Bank premises                                  1,834        108        205         54        156        143        272        203         68        120         76        263        165
Other assets(5)                               36,458      3,210     13,741      1,059      2,435      4,792      2,007      2,496        870        733        650        922      3,544
Interdistrict settlement account                   0    - 2,348    -17,926    + 6,617    + 1,484    + 4,969    + 3,713    + 3,760    +   622    -   595    +   526    - 4,895    + 4,074
          Total Assets                       826,820     39,339    326,891     34,678     36,312     67,005     65,335     74,173     25,158     16,123     23,377     33,617     84,812

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    August 31, 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             885,896     39,733    332,546     37,569     36,001     68,018     81,437     78,428     26,393     16,833     25,948     47,628     95,364
  Less: notes held by F.R. Banks              155,686      4,901     42,036      6,403      5,514     13,397     23,651     10,925      3,413      2,647      5,284     17,167     20,349
    Federal Reserve notes, net                730,211     34,832    290,510     31,166     30,488     54,621     57,786     67,504     22,980     14,185     20,664     30,461     75,014
Reverse repurchase agreements (1)              26,487      1,355     10,503        940      1,119      2,021      2,049      2,385        822        553        749      1,305      2,686
Deposits                                       31,698        899     16,342        591      1,590      2,715      2,551      1,769        607        351        846        808      2,628
  Depository institutions                      25,702        882     10,476        590      1,586      2,625      2,547      1,766        603        350        845        808      2,624
  U.S. Treasury, general account                5,650          0      5,650          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 81          5         53          1          4          7          2          3          1          1          1          0          4
  Other                                           265         12        162          0          0         83          2          0          3          0          1          0          0
Deferred availability cash items                7,676        505        799        659        654        526        871        414        223        425        651        539      1,409
Other liabilities and accrued                 
  dividends (2)                                 3,561        190      1,217        142        183        345        289        331        139        101        116        184        324
   
    Total liabilities                         799,634     37,781    319,371     33,498     34,034     60,230     63,547     72,403     24,771     15,616     23,026     33,297     82,060
                              
Capital                    
Capital paid in                                13,402        173      3,655        742      1,130      3,920        869        861        140        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                                   2,155         31        437        144         83        707        404        146         12         10         28         35        118
     Total liabilities and capital            826,820     39,339    326,891     34,678     36,312     67,005     65,335     74,173     25,158     16,123     23,377     33,617     84,812
                              

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
                                          Aug 31, 2005
              
Federal Reserve notes outstanding             885,896
   Less: Notes held by F.R. Banks
         not subject to collateralization     155,686
      Federal Reserve Notes to be
         collateralized                       730,211 
Collateral held against Federal Reserve            
   notes                                      730,211
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              716,974
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         765,880
   Less:face value of securities under
         reverse repurchase agreements         26,513
      U.S. Treasury and agency securities
             eligible to be pledged           739,367
   

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.