Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 757,633 + 5,403 + 41,657 752,669

Securities held outright 693,728 + 218 + 40,732 693,734

U.S. Treasury1 693,728 + 218 + 40,742 693,734

Bills2 255,248 0 + 15,393 255,248

Notes and bonds, nominal2 421,546 + 200 + 22,693 421,546

Notes and bonds, inflation-indexed2 14,862 0 + 2,048 14,862

Inflation compensation3 2,072 + 19 + 608 2,078

Federal agency2 0 0 - 10 0

Repurchase agreements4 22,929 + 4,322 + 429 17,000

Loans to depository institutions 265 + 2 + 111 321

Primary credit 31 - 6 + 10 95

Secondary credit 0 0 0 0

Seasonal credit 234 + 8 + 101 225

Float 237 + 750 - 233 1,112

Other Federal Reserve assets 40,475 + 112 + 619 40,502

Gold stock 11,044 - 1 + 1 11,044

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

Treasury currency outstanding5 36,050 + 14 + 905 36,050

Total factors supplying reserve funds 806,927 + 5,417 + 42,563 801,963

Currency in circulation5 733,915 + 921 + 39,611 735,910

Reverse repurchase agreements6 20,588 + 629 + 1,642 20,576

Foreign official and international accounts 20,588 + 629 + 1,642 20,576

Dealers 0 0 0 0

Treasury cash holdings 283 - 6 - 82 287

Deposits with F.R. Banks, other than reserve balances 14,909 - 227 - 2,489 15,282

U.S. Treasury, general account 4,701 - 255 - 938 5,081

Foreign official 98 + 21 - 79 83

Service-related 9,801 - 1 - 1,486 9,801

Required clearing balances 9,801 - 1 - 1,096 9,801

Adjustments to compensate for float 0 0 - 390 0

Other 309 + 9 + 15 317

Other liabilities and capital 21,345 + 19 + 1,495 21,359

Total factors, other than reserve balances,

absorbing reserve funds 791,040 + 1,335 + 40,177 793,413

Reserve balances with Federal Reserve Banks 15,887 + 4,082 + 2,386 8,550

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,247,923 + 8,497 + 311,345 1,255,000

U.S. Treasury 1,013,332 + 8,261 + 260,732 1,017,542

Federal agency 234,590 + 234 + 50,612 237,458

Securities lent to dealers 380 - 683 - 2,385 312

FEDERAL RESERVE statistical release

 August 5, 2004

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

 Aug 4, 2004 Week ended

 Aug 4, 2004 Jul 28, 2004 Aug 6, 2003
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 11,040 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 740 + 5 - 130

Securities, repurchase agreements, and loans 711,055 - 4,594 + 39,628

Securities held outright 693,734 + 17 + 40,700

U.S. Treasury1 693,734 + 17 + 40,710

Bills2 255,248 0 + 15,356

Notes and bonds, nominal2 421,546 0 + 22,693

Notes and bonds, inflation-indexed2 14,862 0 + 2,048

Inflation compensation3 2,078 + 17 + 613

Federal agency2 0 0 - 10

Repurchase agreements4 17,000 - 4,500 - 1,250

Loans 321 - 111 + 178

Items in process of collection (722) 7,611 + 2,628 - 1,726

Bank premises 1,709 + 2 + 123

Other assets5 38,864 + 153 + 433

Total assets (722) 773,219 - 1,807 + 38,328

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 700,882 + 1,570 + 38,656

Reverse repurchase agreements6 20,576 + 1,213 + 1,514

Deposits ( 0 ) 23,903 - 5,566 - 1,285

Depository institutions 18,422 - 6,233 + 82

U.S. Treasury, general account 5,081 + 634 - 1,319

Foreign official 83 + 2 - 58

Other ( 0 ) 317 + 31 + 10

Deferred availability cash items (722) 6,499 + 735 - 2,044

Other liabilities and accrued dividends7 2,446 - 19 + 321

Total liabilities (722) 754,306 - 2,068 + 37,162

Capital accounts

Capital paid in 9,253 + 7 + 532

Surplus 8,829 + 50 + 449

Other capital accounts 830 + 203 + 184

Total capital 18,913 + 261 + 1,166

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Aug 6, 2003

Eliminations from

consolidation Wednesday

 Aug 4, 2004

Wednesday

 Jul 28, 2004

3. Maturity Distribution of Loans and Securities, August 4, 2004

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 102 56,302 + 347 0 0 17,000 20,576

16 days to 90 days 219 150,366 - 2,644 0 0 0 0

91 days to 1 year 0 165,961 + 810 0 0 . . . . . . 

Over 1 year to 5 years . . . 192,427 + 1,493 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,869 + 4 0 0 . . . . . . 

Over 10 years . . . 76,808 + 6 0 0 . . . . . . 

All 321 693,734 + 17 0 0 17,000 20,576

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 4, 2004Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia 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 agreements4Loans

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 sec

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.

 11,040 2,200 740 711,055 693,734 693,734 255,248 438,486 0 17,000 321 8,333 1,709 38,864 0 773,940

Assets, liabilities, and capital

 4,650 874 34 317,902 300,812 300,812 110,679 190,133 0 17,000 90 380 192 14,127 -29,446 308,711

 494 115 20 32,576 32,576 32,576 11,986 20,590 0 0 0 478 96 1,762 + 2,623 38,163

 382 83 37 20,641 20,633 20,633 7,592 13,042 0 0 8 400 51 1,130 + 3,843 26,567

 452 104 42 29,643 29,643 29,643 10,907 18,737 0 0 0 489 154 2,360 + 818 34,062

 819 147 67 52,727 52,727 52,727 19,400 33,327 0 0 0 319 145 5,964 - 664 59,523

 894 166 95 46,793 46,784 46,784 17,213 29,570 0 0 9 1,056 279 2,233 + 8,973 60,489

 924 212 91 62,560 62,490 62,490 22,992 39,498 0 0 70 967 138 3,502 - 1,685 66,709

 325 71 52 20,415 20,381 20,381 7,499 12,882 0 0 34 396 56 1,018 + 1,176 23,508

 2   15,2 15,1 15,1 5,5 9,5    5 1 1,1 - 5 16,7
 821,802

 120,920 700,882 700,882 11,040 2,200 687,643 0 710,734 20,582 690,152

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

 821,802 120,920 700,882 20,576 23,903 18,422 5,081 83 317 7,220 2,446 755,028 9,253 8,829 830 773,940

 38,564 4,336 34,228 966 1,245 1,242 0 2 1 561 133 37,133 506 448 75 38,163

 316,302 31,136 285,166 8,922 8,744 3,431 5,081 60 173 666 798 304,295 2,116 2,031 269 308,711

 32,536 8,698 23,838 612 880 879 0 1 0 571 96 25,997 283 259 28 26,567

 34,942 5,663 29,279 879 1,782 1,779 0 2 0 468 124 32,532 759 727 44 34,062

 61,609 11,231 50,378 1,564 2,668 2,522 0 7 139 531 254 55,395 2,077 2,052 0 59,523

 72,254 17,341 54,912 1,388 2,113 2,111 0 2 0 842 197 59,452 506 489 41 60,489

 67,869 7,976 59,893 1,853 2,188 2,184 0 3 1 461 231 64,627 1,024 924 135 66,709

 24,956 3,383 21,574 604 607 604 0 1 2 146 107 23,038 232 228 10 23,508

 15,8 1,1 14,7 4 3 3    4  16,1 2 3  16,7

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on August 4, 2004 (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

 Aug 4, 2004

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.