Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 796,276 + 4,258 + 40,149 798,605

Securities held outright 724,709 - 5 + 32,428 724,707

U.S. Treasury1 724,709 - 5 + 32,428 724,707

Bills2 265,015 0 + 9,777 265,015

Notes and bonds, nominal2 437,374 0 + 17,224 437,374

Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533

Inflation compensation3 2,787 - 5 + 756 2,785

Federal agency2 0 0 0 0

Repurchase agreements4 31,643 + 4,750 + 8,107 33,750

Loans to depository institutions 367 + 92 + 127 990

Primary credit 128 + 77 + 102 738

Secondary credit 0 0 0 0

Seasonal credit 239 + 15 + 25 251

Float -538 - 569 - 271 -935

Other Federal Reserve assets 40,095 - 10 - 242 40,093

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,643 + 14 + 575 36,643

Total factors supplying reserve funds 846,159 + 4,271 + 40,719 848,489

Currency in circulation5 762,466 - 3,320 + 28,735 762,599

Reverse repurchase agreements6 26,631 + 1,215 + 6,747 28,196

Foreign official and international accounts 26,631 + 1,215 + 6,747 28,196

Dealers 0 0 0 0

Treasury cash holdings 236 - 1 - 64 243

Deposits with F.R. Banks, other than reserve balances 14,854 + 638 - 1,450 14,258

U.S. Treasury, general account 5,423 + 580 - 86 4,660

Foreign official 119 + 33 + 35 283

Service-related 9,006 0 - 1,414 9,006

Required clearing balances 9,006 0 - 1,414 9,006

Adjustments to compensate for float 0 0 0 0

Other 307 + 26 + 17 309

Other liabilities and capital 29,870 + 258 + 8,331 29,567

Total factors, other than reserve balances,

absorbing reserve funds 834,057 - 1,209 + 42,299 834,862

Reserve balances with Federal Reserve Banks 12,102 + 5,481 - 1,580 13,627

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,446,031 + 3,407 + 207,292 1,447,340

U.S. Treasury 1,092,086 - 641 + 90,216 1,094,999

Federal agency 353,945 + 4,048 + 117,076 352,340

Securities lent to dealers 1,229 - 1,660 + 797 3,451

FEDERAL RESERVE statistical release

 July 21, 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

 Jul 20, 2005 Week ended

 Jul 20, 2005 Jul 13, 2005 Jul 21, 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 - 3

Special drawing rights certificate account 2,200 0 0

Coin 620 + 8 - 105

Securities, repurchase agreements, and loans 759,447 + 9,246 + 41,415

Securities held outright 724,707 - 5 + 32,408

U.S. Treasury1 724,707 - 5 + 32,408

Bills2 265,015 0 + 9,767

Notes and bonds, nominal2 437,374 0 + 17,224

Notes and bonds, inflation-indexed2 19,533 0 + 4,671

Inflation compensation3 2,785 - 5 + 746

Federal agency2 0 0 0

Repurchase agreements4 33,750 + 8,500 + 8,250

Loans 990 + 752 + 757

Items in process of collection (931) 5,406 - 1,036 - 152

Bank premises 1,822 + 8 + 122

Other assets5 38,292 - 273 - 314

Total assets (931) 818,823 + 7,953 + 40,962

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 726,814 - 2,877 + 27,646

Reverse repurchase agreements6 28,196 + 2,599 + 8,290

Deposits (0) 27,905 + 8,134 - 3,869

Depository institutions 22,653 + 8,076 - 3,855

U.S. Treasury, general account 4,660 - 130 - 219

Foreign official 283 + 183 + 184

Other (0) 309 + 5 + 22

Deferred availability cash items (931) 6,341 + 163 + 479

Other liabilities and accrued dividends7 3,251 - 18 + 876

Total liabilities (931) 792,507 + 8,000 + 33,422

Capital accounts

Capital paid in 13,385 + 16 + 4,140

Surplus 11,484 + 2 + 2,657

Other capital accounts 1,448 - 65 + 743

Total capital 26,316 - 47 + 7,539

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 21, 2004

Eliminations from

consolidation Wednesday

 Jul 20, 2005

Wednesday

 Jul 13, 2005

3. Maturity Distribution of Loans and Securities, July 20, 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 965 56,870 + 6,293 0 0 33,750 28,196

16 days to 90 days 25 159,410 - 6,796 0 0 0 0

91 days to 1 year 0 167,660 + 7,282 0 0 . . . . . . 

Over 1 year to 5 years . . . 209,727 - 5,521 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,889 - 1,261 0 0 . . . . . . 

Over 10 years . . . 78,151 - 2 0 0 . . . . . . 

All 990 724,707 - 5 0 0 33,750 28,196

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 20, 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 2,200 620 759,447 724,707 724,707 265,015 459,692 0 33,750 990 6,337 1,822 38,292 0 819,754

Assets, liabilities, and capital

 4,355 874 35 321,845 287,372 287,372 105,088 182,284 0 33,750 723 448 204 14,482 -17,563 324,680

 510 115 13 37,078 37,078 37,078 13,559 23,519 0 0 0 398 106 3,263 - 1,916 39,567

 432 83 31 25,709 25,709 25,709 9,401 16,307 0 0 0 301 54 1,225 + 6,565 34,399

 453 104 46 30,615 30,615 30,615 11,196 19,420 0 0 0 320 158 2,482 + 536 34,714

 836 147 53 55,307 55,307 55,307 20,225 35,082 0 0 0 432 143 4,895 + 4,738 66,551

 945 166 88 56,078 56,067 56,067 20,503 35,564 0 0 11 878 274 2,135 + 5,310 65,874

 928 212 95 65,364 65,263 65,263 23,866 41,397 0 0 101 337 194 2,663 + 2,996 72,789

 327 71 35 22,528 22,488 22,488 8,224 14,265 0 0 40 225 64 922 + 588 24,759

 2   15,2 15,1 15,1 5,5 9,6    3 1 7 - 3 16,2
 872,426

 145,612 726,814 726,814 11,037 2,200 713,577 0 758,457 28,386 730,071

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.

 872,426 145,612 726,814 28,196 27,905 22,653 4,660 283 309 7,272 3,251 793,438 13,385 11,484 1,448 819,754

 39,325 4,265 35,060 1,443 961 945 0 5 11 542 177 38,183 173 1,208 3 39,567

 334,900 45,133 289,766 11,181 14,401 9,306 4,660 255 180 810 1,103 317,261 3,627 3,430 362 324,680

 37,234 6,168 31,065 1,000 601 599 0 1 0 531 129 33,326 734 294 46 34,399

 35,164 5,428 29,736 1,191 809 805 0 4 1 573 165 32,474 1,128 1,065 47 34,714

 66,894 12,307 54,587 2,152 2,467 2,348 0 7 111 502 302 60,009 3,958 2,148 436 66,551

 82,037 23,680 58,358 2,181 2,696 2,694 0 2 0 713 271 64,219 862 516 277 65,874

 76,036 10,035 66,002 2,539 1,772 1,768 0 3 1 434 308 71,055 857 763 114 72,789

 25,653 2,954 22,699 875 493 490 0 1 2 173 126 24,366 138 236 20 24,759

 16,4 2,2 14,2 5 3 3    5  15,7 2 2  16,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 20, 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

 Jul 20, 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.