FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 22, 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           Sep 21, 2005 Sep 14, 2005 Sep 22, 2004 Sep 21, 2005
Federal Reserve Banks

Reserve Bank Credit                                         800,393    -     174    +  32,935      794,273
 Securities held outright                                   733,363    +     970    +  36,339      733,388       
    U.S. Treasury (1)                                       733,363    +     970    +  36,339      733,388
       Bills (2)                                            267,906    +      92    +  11,993      267,922
       Notes and bonds, nominal (2)                         442,593    +     785    +  18,452      442,593
       Notes and bonds, inflation-indexed (2)                19,983    +      64    +   5,121       19,983
       Inflation compensation (3)                             2,880    +      28    +     773        2,889
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    27,614    -     422    -   3,672       20,250
 Loans to depository institutions                               322    +      10    -     270          330
    Primary credit                                                1    -       2    -     351            1
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             321    +      12    +      81          329
 Float                                                          -18    -     838    +     273        1,034
 Other Federal Reserve assets                                39,113    +     107    +     266       39,272
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,527    +      14    +     275       36,527
       
Total factors supplying reserve funds                       850,162    -     159    +  33,209      844,042
                                                                   
Currency in circulation(5)                                  767,176    -   2,017    +  29,672      767,471
Reverse repurchase agreements (6)                            24,535    -     700    -     279       23,991
   Foreign official and international accounts               24,535    -     700    -     279       23,991
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          252    -       2    -      60          254
Deposits with F.R.Banks, other than reserve balances         14,879    +     649    -   2,623       14,279       
  U.S. Treasury, general account                              6,319    +   1,346    -     660        5,718
  Foreign official                                               82    -       9    +       1           83
  Service-related                                             8,238    -     644    -   1,926        8,238
     Required clearing balances                               8,238    -     644    -   1,926        8,238
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         240    -      44    -      38          240
Other liabilities and capital                                30,981    -     302    +   7,758       30,779

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  837,824    -   2,371    +  34,469      836,775

Reserve balances with Federal Reserve Banks                  12,338    +   2,212    -   1,259        7,267
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,456,340    -   3,390    + 166,149    1,460,212
     U.S. Treasury                                        1,082,092    -   8,883    +  34,529    1,084,779
     Federal agency                                         374,248    +   5,493    + 131,620      375,433
  Securities lent to dealers                                  5,536    -      56    +   4,541        5,888   


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 Sep 21, 2005     Sep 14, 2005     Sep 22, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               700        +      33        -      73
Securities, repurchase agreements, and loans                   753,968        -  11,633        +  29,052
   Securities held outright                                    733,388        +     120        +  35,227
      U.S. Treasury (1)                                        733,388        +     120        +  35,227       
         Bills (2)                                             267,922        +      96        +  10,869
         Notes and bonds, nominal (2)                          442,593                0        +  18,452
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   5,121
         Inflation compensation (3)                              2,889        +      24        +     784
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    20,250        -  11,750        -   6,250    
   Loans                                                           330        -       3        +      75
Items in process of collection                    (1,069)        7,928        +     734        +   2,634
Bank premises                                                    1,839        +       5        +     116
Other assets (5)                                                37,595        +     211        +     148
      Total assets                                (1,069)      815,266        -  10,651        +  31,875
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  731,894        -   1,610        +  29,135
Reverse repurchase agreements (6)                               23,991        -   1,969        -     565
Deposits                                              (0)       21,709        -   7,009        -   5,378       
  Depository institutions                                       15,667        -   7,391        -   6,246
  U.S. Treasury, general account                                 5,718        +     399        +     873
  Foreign official                                                  83                0        +       5
  Other                                               (0)          240        -      18        -      12
Deferred availability cash items                  (1,069)        6,894        -      34        +   1,056
Other liabilities and accrued dividends (7)                      3,745        -       6        +   1,060
      Total liabilities                           (1,069)      788,233        -  10,628        +  25,307
                          
Capital Accounts
Capital paid in                                                 13,302        +       5        +   2,801
Surplus                                                         11,630                0        +   2,783
Other capital accounts                                           2,102        -      27        +     985
      Total capital                                             27,034        -      22        +   6,568


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, September 21, 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             303       58,604   +   6,158            0           0       20,250       23,991
16 days to 90 days          27      155,983   -   6,253            0           0            0            0
91 days to 1 year            0      174,748   +     191            0           0     ------      ------
Over 1 to 5 years     ------        214,351   +      10            0           0     ------      ------
Over 5 to 10 years    ------         52,588   +       5            0           0     ------      ------
Over 10 years         ------         77,115   +      11            0           0     ------      ------
                   		 	
All                        330      733,388   +     120            0           0       20,250      23,991

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 September 21, 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                                             700         17         50         37         54         59        102         92         39         19         60         72         99
Securities, repurchase agreements,
      and loans                              753,968     37,522    311,064     26,019     30,982     55,970     56,749     66,139     22,819     15,420     20,793     36,128     74,365
   Securities held outright                  733,388     37,522    290,814     26,017     30,982     55,970     56,739     66,045     22,758     15,317     20,743     36,120     74,361
      U.S. Treasury (1)                      733,388     37,522    290,814     26,017     30,982     55,970     56,739     66,045     22,758     15,317     20,743     36,120     74,361
         Bills (2)                           267,922     13,708    106,240      9,504     11,318     20,447     20,728     24,128      8,314      5,596      7,578     13,196     27,166
         Notes and bonds(3)                  465,466     23,815    184,573     16,512     19,664     35,523     36,011     41,917     14,444      9,722     13,165     22,925     47,195
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                20,250          0     20,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      330          0          0          2          0          0         10         93         61        103         50          7          4
Items in process of collection                 8,997        557        476        381        819        439      1,466        265        399        347      1,109      1,300      1,440
Bank premises                                  1,839        109        205         54        157        144        273        203         68        120         79        263        165
Other assets(5)                               37,595      3,248     14,130      1,181      2,617      4,848      2,067      2,583        891        748        679        971      3,633
Interdistrict settlement account                   0    - 3,188    -13,673    + 6,546    +   524    + 3,449    + 3,435    + 2,607    +   311    -   851    -   195    - 5,009    + 6,044
          Total Assets                       816,336     38,890    317,482     34,733     35,709     65,891     65,202     73,029     24,924     16,045     22,909     34,370     87,151

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 September 21, 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             888,632     39,451    331,338     37,531     36,243     68,162     81,565     77,929     26,487     16,798     25,861     47,826     99,442
  Less: notes held by F.R. Banks              156,738      4,892     41,881      6,573      5,737     13,515     23,000     11,315      3,629      2,609      5,448     16,695     21,443
    Federal Reserve notes, net                731,894     34,559    289,456     30,957     30,506     54,646     58,565     66,614     22,858     14,189     20,414     31,131     77,999
Reverse repurchase agreements (1)              23,991      1,227      9,513        851      1,014      1,831      1,856      2,161        744        501        679      1,182      2,433
Deposits                                       21,709        695      8,966      1,165        992      1,651      1,825      1,670        582        315        636        820      2,389
  Depository institutions                      15,667        687      3,023      1,164        986      1,582      1,818      1,667        580        315        634        819      2,390
  U.S. Treasury, general account                5,718          0      5,718          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 83          5         55          1          4          7          2          3          1          1          1          0          4
  Other                                           240          3        170          0          2         62          5          0          1          0          1          0         -5
Deferred availability cash items                7,963        676        785        384        908        553        865        474        202        429        711        723      1,252
Other liabilities and accrued                 
  dividends (2)                                 3,745        196      1,274        150        190        371        309        352        140        107        120        194        343
   
    Total liabilities                         789,302     37,354    309,995     33,508     33,609     59,052     63,420     71,271     24,526     15,542     22,559     34,050     84,417
                              
Capital                    
Capital paid in                                13,302        173      3,655        742      1,026      3,922        869        863        140        243        170        150      1,350
Surplus                                        11,630      1,353      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,102         10        403        189         10        769        397        132         22          6         27         36        101
     Total liabilities and capital            816,336     38,890    317,482     34,733     35,709     65,891     65,202     73,029     24,924     16,045     22,909     34,370     87,151
                              

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
                                          Sep 21, 2005
              
Federal Reserve notes outstanding             888,632
   Less: Notes held by F.R. Banks
         not subject to collateralization     156,738
      Federal Reserve Notes to be
         collateralized                       731,894 
Collateral held against Federal Reserve            
   notes                                      731,894
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              718,657
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         753,638
   Less:face value of securities under
         reverse repurchase agreements         24,011
      U.S. Treasury and agency securities
             eligible to be pledged           729,627
   

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.