FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             August 4, 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            Aug 3, 2005 Jul 27, 2005  Aug 4, 2004  Aug 3, 2005
Federal Reserve Banks

Reserve Bank Credit                                         799,110    +   5,823    +  41,481      799,968
 Securities held outright                                   724,700    -       4    +  30,972      724,700       
    U.S. Treasury (1)                                       724,700    -       4    +  30,972      724,700
       Bills (2)                                            265,015            0    +   9,767      265,015
       Notes and bonds, nominal (2)                         437,374            0    +  15,828      437,374
       Notes and bonds, inflation-indexed (2)                19,533            0    +   4,671       19,533
       Inflation compensation (3)                             2,778    -       4    +     706        2,778
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    33,750    +   5,107    +  10,821       32,000
 Loans to depository institutions                               709    +     365    +     444        3,330
    Primary credit                                              448    +     437    +     417        3,063
    Secondary credit                                              0    -      67            0            0
    Seasonal credit                                             262    -       4    +      28          267
 Float                                                         -740    +      66    -     972         -938
 Other Federal Reserve assets                                40,691    +     288    +     216       40,875
Gold stock                                                   11,041            0    -       3       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,671    +      14    +     584       36,671
       
Total factors supplying reserve funds                       849,022    +   5,837    +  42,062      849,880
                                                                   
Currency in circulation(5)                                  763,205    +   2,206    +  29,252      765,405
Reverse repurchase agreements (6)                            25,746    -   2,249    +   5,158       22,575
   Foreign official and international accounts               25,746    -   2,249    +   5,158       22,575
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          251    +       7    -      32          245
Deposits with F.R.Banks, other than reserve balances         14,113    +     126    -     796       13,938       
  U.S. Treasury, general account                              5,012    +     134    +     311        4,813
  Foreign official                                               95    -      16    -       3           84
  Service-related                                             8,695    -       2    -   1,107        8,695
     Required clearing balances                               8,695    -       2    -   1,107        8,695
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         311    +      10    +       2          346
Other liabilities and capital                                30,364    +     265    +   9,019       30,373

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  833,679    +     355    +  42,601      832,536

Reserve balances with Federal Reserve Banks                  15,343    +   5,481    -     539       17,344
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,455,144    +   1,105    + 207,221    1,452,707
     U.S. Treasury                                        1,093,185    -   1,968    +  79,853    1,089,716
     Federal agency                                         361,959    +   3,074    + 127,369      362,991
  Securities lent to dealers                                  4,372    +   2,674    +   3,992        7,158   


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  Aug 3, 2005     Jul 27, 2005      Aug 4, 2004

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               625                0        -     115
Securities, repurchase agreements, and loans                   760,030        +   3,580        +  48,975
   Securities held outright                                    724,700        -       2        +  30,966
      U.S. Treasury (1)                                        724,700        -       2        +  30,966       
         Bills (2)                                             265,015                0        +   9,767
         Notes and bonds, nominal (2)                          437,374                0        +  15,828
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   4,671
         Inflation compensation (3)                              2,778        -       2        +     700
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    32,000        +   1,000        +  15,000    
   Loans                                                         3,330        +   2,582        +   3,009
Items in process of collection                      (689)        6,050        +     567        -   1,561
Bank premises                                                    1,825        +       4        +     116
Other assets (5)                                                39,143        +     467        +     279
      Total assets                                  (689)      820,910        +   4,616        +  47,691
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  729,601        +   2,343        +  28,719
Reverse repurchase agreements (6)                               22,575        -   4,702        +   1,999
Deposits                                              (0)       31,373        +   5,729        +   7,470       
  Depository institutions                                       26,130        +   5,276        +   7,708
  U.S. Treasury, general account                                 4,813        +     396        -     268
  Foreign official                                                  84        +       3        +       1
  Other                                               (0)          346        +      55        +      29
Deferred availability cash items                    (689)        6,989        +     792        +     490
Other liabilities and accrued dividends (7)                      3,332        +      16        +     886
      Total liabilities                             (689)      793,870        +   4,179        +  39,564
                          
Capital Accounts
Capital paid in                                                 13,390        +       1        +   4,137
Surplus                                                         11,567        +      54        +   2,738
Other capital accounts                                           2,083        +     382        +   1,253
      Total capital                                             27,040        +     437        +   8,127


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,     August 3, 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           3,101       55,883   -     521            0           0       32,000       22,575
16 days to 90 days         230      159,090   +      94            0           0            0            0
91 days to 1 year            0      171,106   +   2,565            0           0     ------      ------
Over 1 to 5 years     ------        207,587   -   2,138            0           0     ------      ------
Over 5 to 10 years    ------         52,887   -       1            0           0     ------      ------
Over 10 years         ------         78,148   -       1            0           0     ------      ------
                   		 	
All                      3,330      724,700   -       2            0           0       32,000      22,575

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     August 3, 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                                             625         13         35         28         48         54         95         91         36         16         49         66         94
Securities, repurchase agreements,
      and loans                              760,030     39,108    319,962     25,708     31,055     55,307     56,073     65,362     22,529     15,216     20,523     35,700     73,488
   Securities held outright                  724,700     37,078    287,369     25,708     30,615     55,307     56,067     65,263     22,488     15,136     20,498     35,693     73,480
      U.S. Treasury (1)                      724,700     37,078    287,369     25,708     30,615     55,307     56,067     65,263     22,488     15,136     20,498     35,693     73,480
         Bills (2)                           265,015     13,559    105,088      9,401     11,196     20,225     20,503     23,866      8,224      5,535      7,496     13,052     26,871
         Notes and bonds(3)                  459,685     23,519    182,281     16,307     19,419     35,082     35,564     41,397     14,264      9,601     13,002     22,640     46,609
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                32,000          0     32,000          0          0          0          0          0          0          0          0          0          0
      Loans                                    3,330      2,030        593          0        440          0          6        100         41         80         25          7          8
Items in process of collection                 6,738        439        399        301        319        354        875        294        211        387        954        417      1,788
Bank premises                                  1,825        106        204         54        157        143        273        200         64        120         76        263        165
Other assets(5)                               39,143      3,341     14,785      1,183      2,541      4,998      2,214      2,732        943        788        724      1,090      3,802
Interdistrict settlement account                   0    - 4,638    -15,915    + 6,269    +   710    + 6,417    + 4,547    + 3,156    +   741    -   562    +   637    +    42    - 1,405
          Total Assets                       821,599     38,994    324,699     34,058     35,386     68,257     65,188     72,975     24,922     16,208     23,347     38,225     79,338

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     August 3, 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             876,274     39,487    334,260     37,251     35,488     67,228     81,697     76,332     26,066     16,753     25,676     45,937     90,100
  Less: notes held by F.R. Banks              146,673      4,768     43,533      6,127      5,403     12,275     23,716     10,172      3,034      2,405      4,860     10,451     19,928
    Federal Reserve notes, net                729,601     34,719    290,726     31,123     30,085     54,953     57,980     66,159     23,032     14,348     20,816     35,486     70,172
Reverse repurchase agreements (1)              22,575      1,155      8,952        801        954      1,723      1,747      2,033        701        471        639      1,112      2,289
Deposits                                       31,373        853     15,521        575      1,317      3,981      2,429      2,214        513        289        680        638      2,364
  Depository institutions                      26,130        845     10,454        574      1,313      3,835      2,427      2,210        509        288        679        637      2,359
  U.S. Treasury, general account                4,813          0      4,813          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 84          5         56          1          4          7          2          3          1          1          1          0          4
  Other                                           346          3        198          0          1        138          0          1          3          0          1          0          0
Deferred availability cash items                7,678        606        788        316        559        599        993        480        157        490        771        494      1,426
Other liabilities and accrued                 
  dividends (2)                                 3,332        180      1,130        131        170        323        274        313        128         99        110        175        300
   
    Total liabilities                         794,558     37,513    317,117     32,946     33,085     61,578     63,423     71,199     24,530     15,697     23,016     37,905     76,550
                              
Capital                    
Capital paid in                                13,390        173      3,632        735      1,128      3,958        861        857        138        243        160        150      1,354
Surplus                                        11,567      1,291      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   2,083         18        521         83        108        572        388        156         18         14         18         36        151
     Total liabilities and capital            821,599     38,994    324,699     34,058     35,386     68,257     65,188     72,975     24,922     16,208     23,347     38,225     79,338
                              

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
                                           Aug 3, 2005
              
Federal Reserve notes outstanding             876,274
   Less: Notes held by F.R. Banks
         not subject to collateralization     146,673
      Federal Reserve Notes to be
         collateralized                       729,601 
Collateral held against Federal Reserve            
   notes                                      729,601
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              716,364
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         756,700
   Less:face value of securities under
         reverse repurchase agreements         22,595
      U.S. Treasury and agency securities
             eligible to be pledged           734,105
   

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.