Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 725,126 - 1,707 + 64,561 722,578

Securities held outright 658,813 + 847 + 50,151 658,885

U.S. Treasury1 658,803 + 847 + 50,151 658,875

Bills2 242,433 + 272 + 35,809 242,500

Notes and bonds, nominal2 401,322 + 563 + 12,756 401,322

Notes and bonds, inflation-indexed2 13,454 0 + 1,212 13,454

Inflation compensation3 1,593 + 11 + 374 1,599

Federal agency2 10 0 0 10

Repurchase agreements4 24,000 - 4,071 + 11,964 19,000

Loans to depository institutions 135 + 45 - 288 49

Primary credit 82 + 63 + 82 4

Secondary credit 0 0 0 0

Seasonal credit 53 - 18 - 14 45

Adjustment credit 0 0 - 355 0

Float 1,491 + 1,608 + 1,455 3,979

Other Federal Reserve assets 40,687 - 136 + 1,279 40,664

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,363 + 14 + 978 35,363

Total factors supplying reserve funds 773,732 - 1,694 + 65,540 771,184

Currency in circulation5 703,289 + 1,240 + 39,341 705,008

Reverse repurchase agreements6 19,888 + 714 + 19,888 21,001

Foreign official and international accounts 18,924 - 250 + 18,924 18,251

Dealers 964 + 964 + 964 2,750

Treasury cash holdings 389 - 10 - 6 379

Deposits with F.R. Banks, other than reserve balances 17,892 + 972 + 1,769 17,118

U.S. Treasury, general account 5,680 + 555 + 342 4,615

Foreign official 196 + 115 + 80 458

Service-related 11,724 + 292 + 1,301 11,724

Required clearing balances 11,423 + 83 + 1,367 11,423

Adjustments to compensate for float 301 + 209 - 67 301

Other 293 + 10 + 48 320

Other liabilities and capital 20,025 - 481 + 170 19,841

Total factors, other than reserve balances,

absorbing reserve funds 761,483 + 2,435 + 61,161 763,347

Reserve balances with Federal Reserve Banks 12,249 - 4,129 + 4,379 7,837

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,001,954 + 6,334 . . . 1,003,271

U.S. Treasury 799,027 + 4,372 . . . 798,608

Federal agency 202,927 + 1,962 . . . 204,663

Securities lent to dealers 1,560 + 485 - 576 1,778

FEDERAL RESERVE statistical release

 November 6, 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

 Nov 5, 2003 Week ended

 Nov 5, 2003 Oct 29, 2003 Nov 6, 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 829 + 3 - 250

Securities, repurchase agreements, and loans 677,934 - 8,830 + 59,086

Securities held outright 658,885 + 203 + 50,105

U.S. Treasury1 658,875 + 203 + 50,105

Bills2 242,500 + 192 + 35,761

Notes and bonds, nominal2 401,322 0 + 12,756

Notes and bonds, inflation-indexed2 13,454 0 + 1,212

Inflation compensation3 1,599 + 12 + 377

Federal agency2 10 0 0

Repurchase agreements4 19,000 - 9,000 + 9,000

Loans 49 - 33 - 20

Items in process of collection (1,255) 12,400 + 5,957 + 3,115

Bank premises 1,598 + 2 + 69

Other assets5 39,015 - 274 + 898

Total assets (1,255) 745,015 - 3,143 + 62,918

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 670,849 + 1,482 + 37,534

Reverse repurchase agreements6 21,001 + 1,715 + 21,001

Deposits ( 0 ) 24,960 - 7,641 + 4,169

Depository institutions 19,567 - 6,993 + 3,898

U.S. Treasury, general account 4,615 - 1,057 - 192

Foreign official 458 + 373 + 386

Other ( 0 ) 320 + 37 + 77

Deferred availability cash items (1,255) 8,364 + 1,565 - 56

Other liabilities and accrued dividends7 2,277 - 26 - 162

Total liabilities (1,255) 727,451 - 2,904 + 62,486

Capital accounts

Capital paid in 8,754 + 12 + 474

Surplus 8,335 - 45 + 1,023

Other capital accounts 475 - 206 - 1,065

Total capital 17,564 - 239 + 432

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Nov 6, 2002

Eliminations from

consolidation Wednesday

 Nov 5, 2003

Wednesday

 Oct 29, 2003

3. Maturity Distribution of Loans and Securities, November 5, 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 7 48,825 - 257 0 0 19,000 21,001

16 days to 90 days 42 144,738 + 314 10 0 0 0

91 days to 1 year 0 156,936 - 797 0 0 . . . . . . 

Over 1 year to 5 years . . . 179,300 + 936 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,962 + 4 0 0 . . . . . . 

Over 10 years . . . 77,114 + 4 0 0 . . . . . . 

All 49 658,875 + 203 10 0 19,000 21,001

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 5, 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 2,200 829 677,934 658,885 658,875 242,500 416,375 10 19,000 49 13,655 1,598 39,015 0 746,270

Assets, liabilities, and capital

 4,706 874 34 300,893 281,892 281,888 103,749 178,139 4 19,000 1 1,713 190 14,084 + 5,176 327,670

 495 115 28 31,854 31,854 31,854 11,724 20,130 0 0 0 661 91 1,805 + 482 35,532

 380 83 44 20,599 20,599 20,599 7,582 13,018 0 0 0 724 52 1,083 - 1,287 21,678

 477 104 37 30,874 30,874 30,873 11,363 19,510 0 0 0 804 150 2,427 - 3,589 31,283

 808 147 99 50,670 50,670 50,670 18,649 32,021 1 0 0 809 144 6,129 - 935 57,871

 863 166 102 44,512 44,512 44,511 16,382 28,129 1 0 0 1,093 277 2,272 + 2,060 51,345

 982 212 99 66,591 66,581 66,580 24,505 42,075 1 0 10 1,546 121 3,642 - 8,679 64,513

 331 71 58 20,733 20,729 20,729 7,629 13,100 0 0 3 478 43 1,012 - 1,716 21,010

 2   14,7 14,7 14,7 5,4 9,2    6 1 1,1 - 2 16,6
 790,112

 119,264 670,849 670,849 11,039 2,200 656,854 756 677,885 21,031 656,854

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.

 790,112 119,264 670,849 21,001 24,960 19,567 4,615 458 320 9,619 2,277 728,706 8,754 8,335 475 746,270

 37,014 5,634 31,380 1,015 1,477 1,475 0 2 1 637 126 34,636 448 436 12 35,532

 326,470 23,408 303,062 8,985 9,687 4,471 4,615 435 166 1,128 703 323,565 2,002 1,809 294 327,670

 27,593 8,534 19,059 657 950 949 0 1 0 402 94 21,161 259 233 25 21,678

 32,730 5,643 27,087 984 1,260 1,257 0 3 0 420 125 29,877 705 702 0 31,283

 59,231 10,192 49,039 1,615 2,278 2,124 0 7 146 595 248 53,776 2,066 2,029 0 57,871

 65,218 19,345 45,873 1,419 1,972 1,969 0 2 1 941 182 50,386 479 475 5 51,345

 67,054 10,068 56,986 2,122 2,527 2,523 0 3 0 812 233 62,680 918 858 58 64,513

 23,332 4,469 18,863 661 677 673 0 1 3 245 103 20,548 231 199 31 21,010

 15,7 1,5 14,1 4 4 4    7  15,9 3 3  16,6

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on November 5, 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 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

 Nov 5, 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.