FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             April 28, 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           Apr 27, 2005 Apr 20, 2005 Apr 28, 2004 Apr 27, 2005
Federal Reserve Banks

Reserve Bank Credit                                         786,712    +   1,085    +  41,957      790,287
 Securities held outright                                   717,941    +     543    +  42,402      718,638       
    U.S. Treasury (1)                                       717,941    +     543    +  42,402      718,638
       Bills (2)                                            263,005            0    +  15,084      263,005
       Notes and bonds, nominal (2)                         433,400    +     515    +  22,012      434,085
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,428    +      28    +     662        2,439
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,321    -     143    -   2,108       30,750
 Loans to depository institutions                               102    +      17    +      15          105
    Primary credit                                                7    +       2    -       9            4
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              96    +      16    +      25          101
 Float                                                         -316    +     155    +     439         -950
 Other Federal Reserve assets                                41,662    +     512    +   1,207       41,744
Gold stock                                                   11,041            0    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,658    +      14    +     832       36,658
       
Total factors supplying reserve funds                       836,611    +   1,100    +  42,784      840,185
                                                                   
Currency in circulation(5)                                  752,733    -     729    +  36,402      754,509
Reverse repurchase agreements (6)                            25,494    +   1,725    +   5,090       25,068
   Foreign official and international accounts               25,494    +   1,725    +   5,090       25,068
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          260    -       9    -      67          258
Deposits with F.R.Banks, other than reserve balances         14,406    +     367    -   3,422       15,162       
  U.S. Treasury, general account                              5,586    +     385    -   1,858        6,356
  Foreign official                                               95    -       7    -       8           88
  Service-related                                             8,425    -       1    -   1,545        8,425
     Required clearing balances                               8,425    -       1    -   1,545        8,425
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         300    -      11    -      12          294
Other liabilities and capital                                28,868    +     225    +   8,148       28,520

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  821,761    +   1,580    +  46,151      823,518

Reserve balances with Federal Reserve Banks                  14,849    -     482    -   3,367       16,668
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,390,817    +   1,809    + 206,544    1,389,101
     U.S. Treasury                                        1,076,259    +   1,618    + 119,263    1,076,061
     Federal agency                                         314,558    +     191    +  87,281      313,040
  Securities lent to dealers                                  1,595    +     710    -   1,188        1,752   


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 Apr 27, 2005     Apr 20, 2005     Apr 28, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               710        -       6        -     106
Securities, repurchase agreements, and loans                   749,493        +   8,246        +  35,528
   Securities held outright                                    718,638        +   1,229        +  42,255
      U.S. Treasury (1)                                        718,638        +   1,229        +  42,255       
         Bills (2)                                             263,005                0        +  14,248
         Notes and bonds, nominal (2)                          434,085        +   1,200        +  22,697
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,439        +      29        +     665
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,750        +   7,000        -   6,750    
   Loans                                                           105        +      17        +      24
Items in process of collection                      (900)        6,649        -     561        +   1,342
Bank premises                                                    1,809        +       4        +     145
Other assets (5)                                                39,757        +     331        +     957
      Total assets                                  (900)      811,656        +   8,015        +  37,864
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  718,816        +     282        +  34,822
Reverse repurchase agreements (6)                               25,068        -      32        +   5,379
Deposits                                              (0)       31,652        +   7,326        -  11,622       
  Depository institutions                                       24,915        +   5,091        -  11,426
  U.S. Treasury, general account                                 6,356        +   2,254        -     184
  Foreign official                                                  88        +       4        -      12
  Other                                               (0)          294        -      21        +       1
Deferred availability cash items                    (900)        7,600        +     446        +   1,425
Other liabilities and accrued dividends (7)                      3,332        +      69        +   1,038
      Total liabilities                             (900)      786,468        +   8,091        +  31,042
                          
Capital Accounts
Capital paid in                                                 12,742        +      10        +   3,712
Surplus                                                         11,357        +      37        +   2,563
Other capital accounts                                           1,089        -     123        +     548
      Total capital                                             25,188        -      77        +   6,823


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,     April 27, 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              94       59,781   +   1,663            0           0       30,750       25,068
16 days to 90 days          11      158,808   -   1,001            0           0            0            0
91 days to 1 year            0      159,032   -     662            0           0     ------      ------
Over 1 to 5 years     ------        214,130   +   1,211            0           0     ------      ------
Over 5 to 10 years    ------         49,890   +       5            0           0     ------      ------
Over 10 years         ------         76,996   +      12            0           0     ------      ------
                   		 	
All                        105      718,638   +   1,229            0           0       30,750      25,068

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     April 27, 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                                             710         21         36         60         56         54         76        123         38         26         49         61        108
Securities, repurchase agreements,
      and loans                              749,493     36,773    315,715     25,493     30,359     54,844     55,598     64,767     22,311     15,037     20,334     35,396     72,866
   Securities held outright                  718,638     36,768    284,965     25,493     30,359     54,844     55,598     64,717     22,300     15,009     20,326     35,394     72,865
      U.S. Treasury (1)                      718,638     36,768    284,965     25,493     30,359     54,844     55,598     64,717     22,300     15,009     20,326     35,394     72,865
         Bills (2)                           263,005     13,456    104,291      9,330     11,111     20,072     20,347     23,685      8,161      5,493      7,439     12,953     26,667
         Notes and bonds(3)                  455,633     23,312    180,674     16,163     19,248     34,772     35,250     41,032     14,139      9,516     12,887     22,441     46,198
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,750          0     30,750          0          0          0          0          0          0          0          0          0          0
      Loans                                      105          6          0          0          0          0          0         50         11         28          8          2          1
Items in process of collection                 7,549        381        489        376      1,122        393        660        484        191        298        561        404      2,189
Bank premises                                  1,809        103        200         54        156        143        275        175         61        122         85        269        166
Other assets(5)                               39,757      3,449     14,936      1,195      2,614      5,158      2,231      2,771        952        800        732      1,039      3,880
Interdistrict settlement account                   0    +    57    - 4,149    + 3,082    +   383    + 4,345    + 1,677    + 1,142    +     9    +     6    -    55    - 2,784    - 3,712
          Total Assets                       812,556     41,410    332,456     30,776     35,246     65,921     61,628     70,603     23,960     16,532     22,090     35,033     76,902

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     April 27, 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             855,465     39,765    337,541     35,614     35,350     66,021     76,028     73,169     24,578     16,388     24,157     39,930     86,923
  Less: notes held by F.R. Banks              136,649      4,447     39,199      7,598      5,434     12,264     21,280      9,233      3,076      1,811      4,572      7,810     19,925
    Federal Reserve notes, net                718,816     35,318    298,342     28,016     29,916     53,758     54,748     63,936     21,502     14,577     19,585     32,120     66,998
Reverse repurchase agreements (1)              25,068      1,283      9,940        889      1,059      1,913      1,939      2,257        778        524        709      1,235      2,542
Deposits                                       31,652      1,264     15,006        586      1,238      4,400      2,339      2,021        643        331        836        874      2,114
  Depository institutions                      24,915      1,255      8,418        584      1,233      4,283      2,337      2,017        641        330        834        873      2,110
  U.S. Treasury, general account                6,356          0      6,356          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 88          5         59          1          4          7          2          3          1          1          1          0          4
  Other                                           294          4        173          1          1        110          0          1          2          0          1          1          0
Deferred availability cash items                8,500        673        874        543        731        506      1,123        394        189        486        532        316      2,132
Other liabilities and accrued                 
  dividends (2)                                 3,332        201      1,094        127        178        339        269        307        130        100        108        173        307
   
    Total liabilities                         787,368     38,739    325,258     30,161     33,122     60,916     60,418     68,916     23,242     16,017     21,769     34,718     74,093
                              
Capital                    
Capital paid in                                12,742      1,554      3,503        300      1,096      2,551        648        826        320        253        155        148      1,386
Surplus                                        11,357      1,117      3,430        294      1,028      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,089          0        265         21          0        305         46         98        162          7         12         32        141
     Total liabilities and capital            812,556     41,410    332,456     30,776     35,246     65,921     61,628     70,603     23,960     16,532     22,090     35,033     76,902
                              

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
                                          Apr 27, 2005
              
Federal Reserve notes outstanding             855,465
   Less: Notes held by F.R. Banks
         not subject to collateralization     136,649
      Federal Reserve Notes to be
         collateralized                       718,816 
Collateral held against Federal Reserve            
   notes                                      718,816
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              705,579
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         749,388
   Less:face value of securities under
         reverse repurchase agreements         25,086
      U.S. Treasury and agency securities
             eligible to be pledged           724,302
   

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.