Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 800,567 + 1,287 + 32,149 804,967

Securities held outright 732,393 + 1,982 + 36,830 733,268

U.S. Treasury1 732,393 + 1,982 + 36,830 733,268

Bills2 267,814 + 34 + 12,454 267,826

Notes and bonds, nominal2 441,808 + 1,516 + 18,581 442,593

Notes and bonds, inflation-indexed2 19,919 + 386 + 5,057 19,983

Inflation compensation3 2,852 + 47 + 739 2,865

Federal agency2 0 0 0 0

Repurchase agreements4 28,036 - 2,214 - 5,464 32,000

Loans to depository institutions 312 - 9 + 54 333

Primary credit 3 - 17 - 17 13

Secondary credit 0 0 0 0

Seasonal credit 309 + 8 + 71 321

Float 820 + 1,271 + 347 267

Other Federal Reserve assets 39,006 + 256 + 381 39,099

Gold stock 11,041 0 - 2 11,041

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

Treasury currency outstanding5 36,513 + 14 + 275 36,513

Total factors supplying reserve funds 850,322 + 1,302 + 32,423 854,721

Currency in circulation5 769,193 + 166 + 29,051 769,103

Reverse repurchase agreements6 25,235 + 20 + 528 25,960

Foreign official and international accounts 25,235 + 20 + 528 25,960

Dealers 0 0 0 0

Treasury cash holdings 254 - 7 - 68 252

Deposits with F.R. Banks, other than reserve balances 14,230 + 118 - 1,610 14,542

U.S. Treasury, general account 4,973 + 187 - 288 5,319

Foreign official 91 - 51 + 7 83

Service-related 8,882 - 4 - 1,341 8,882

Required clearing balances 8,882 - 4 - 1,341 8,882

Adjustments to compensate for float 0 0 0 0

Other 284 - 14 + 11 258

Other liabilities and capital 31,283 - 74 + 8,012 30,807

Total factors, other than reserve balances,

absorbing reserve funds 840,195 + 223 + 35,913 840,664

Reserve balances with Federal Reserve Banks 10,127 + 1,079 - 3,490 14,057

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,459,730 - 6,792 + 168,356 1,459,821

U.S. Treasury 1,090,975 - 6,312 + 43,218 1,086,811

Federal agency 368,755 - 480 + 125,139 373,011

Securities lent to dealers 5,592 + 2,645 + 3,895 5,412

FEDERAL RESERVE statistical release

 September 15, 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

 Sep 14, 2005 Week ended

 Sep 14, 2005 Sep 7, 2005 Sep 15, 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 0 - 2

Special drawing rights certificate account 2,200 0 0

Coin 667 + 12 - 103

Securities, repurchase agreements, and loans 765,601 + 3,352 + 34,095

Securities held outright 733,268 + 2,850 + 37,565

U.S. Treasury1 733,268 + 2,850 + 37,565

Bills2 267,826 + 46 + 12,437

Notes and bonds, nominal2 442,593 + 2,301 + 19,252

Notes and bonds, inflation-indexed2 19,983 + 450 + 5,121

Inflation compensation3 2,865 + 52 + 754

Federal agency2 0 0 0

Repurchase agreements4 32,000 + 500 - 3,500

Loans 333 + 2 + 30

Items in process of collection (1,206) 7,194 - 2,581 + 960

Bank premises 1,834 + 2 + 112

Other assets5 37,384 + 366 + 469

Total assets (1,206) 825,917 + 1,151 + 35,532

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 733,504 - 1,697 + 29,087

Reverse repurchase agreements6 25,960 + 806 + 1,637

Deposits (7) 28,718 + 3,872 - 3,775

Depository institutions 23,058 + 3,053 - 1,477

U.S. Treasury, general account 5,319 + 874 - 2,307

Foreign official 83 + 1 + 4

Other (7) 258 - 56 + 6

Deferred availability cash items (1,200) 6,928 - 1,621 + 655

Other liabilities and accrued dividends7 3,751 + 106 + 1,102

Total liabilities (1,206) 798,861 + 1,466 + 28,705

Capital accounts

Capital paid in 13,297 - 106 + 2,818

Surplus 11,630 0 + 2,783

Other capital accounts 2,129 - 209 + 1,226

Total capital 27,056 - 315 + 6,827

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Sep 15, 2004

Eliminations from

consolidation Wednesday

 Sep 14, 2005

Wednesday

 Sep 7, 2005

3. Maturity Distribution of Loans and Securities, September 14, 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 61 52,446 + 96 0 0 32,000 25,960

16 days to 90 days 272 162,236 - 200 0 0 0 0

91 days to 1 year 0 174,557 + 150 0 0 . . . . . . 

Over 1 year to 5 years . . . 214,341 + 2,548 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,583 + 146 0 0 . . . . . . 

Over 10 years . . . 77,104 + 108 0 0 . . . . . . 

All 333 733,268 + 2,850 0 0 32,000 25,960

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on September 14, 2005Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 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 agreements4

Loans

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 sec4. 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 2,200 667 765,601 733,268 733,268 267,826 465,441 0 32,000 333 8,401 1,834 37,384 0 827,123

Assets, liabilities, and capital

 4,355 874 41 322,777 290,766 290,766 106,202 184,564 0 32,000 11 489 205 14,040 -17,523 325,258

 510 115 15 37,516 37,516 37,516 13,703 23,813 0 0 0 510 107 3,247 - 2,622 39,398

 432 83 34 26,015 26,012 26,012 9,501 16,511 0 0 3 410 54 1,173 + 6,183 34,384

 453 104 52 30,977 30,977 30,977 11,314 19,663 0 0 0 584 157 2,459 + 918 35,704

 836 147 57 55,960 55,960 55,960 20,440 35,521 0 0 0 502 144 4,864 + 5,732 68,242

 945 166 98 56,740 56,730 56,730 20,720 36,009 0 0 10 1,930 273 2,100 + 3,892 66,145

 928 212 88 66,124 66,034 66,034 24,119 41,915 0 0 90 457 204 2,564 + 3,464 74,042

 327 71 37 22,821 22,754 22,754 8,311 14,443 0 0 67 407 66 874 + 587 25,190

 2   15,4 15,3 15,3 5,5 9,7    3 1 7 - 6 16,2
 886,582

 153,078 733,504 733,504 11,037 2,200 720,267 0 765,268 25,984 739,284

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 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.

 886,582 153,078 733,504 25,960 28,725 23,058 5,319 83 265 8,128 3,751 800,068 13,297 11,630 2,129 827,123

 39,662 4,853 34,809 1,328 852 844 0 5 3 676 195 37,860 173 1,353 12 39,398

 332,268 40,715 291,553 10,294 13,878 8,324 5,319 55 181 777 1,272 317,774 3,650 3,430 404 325,258

 37,533 6,463 31,070 921 584 583 0 1 1 446 150 33,172 742 294 177 34,384

 36,080 5,519 30,561 1,097 995 990 0 4 1 711 191 33,555 1,026 1,065 59 35,704

 68,139 13,237 54,902 1,981 3,629 3,554 0 7 68 522 376 61,410 3,922 2,148 762 68,242

 80,973 22,697 58,276 2,008 2,784 2,775 0 2 7 988 305 64,362 869 516 398 66,145

 78,305 11,049 67,256 2,338 1,796 1,792 0 3 1 544 352 72,286 863 763 130 74,042

 26,487 3,333 23,154 806 521 519 0 1 1 183 140 24,803 139 236 12 25,190

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on September 14, 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

 Sep 14, 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.