FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               June 2, 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            Jun 1, 2005 May 25, 2005  Jun 2, 2004  Jun 1, 2005
Federal Reserve Banks

Reserve Bank Credit                                         792,472    +   5,877    +  42,873      797,032
 Securities held outright                                   724,565    +   2,377    +  43,097      725,426       
    U.S. Treasury (1)                                       724,565    +   2,377    +  43,097      725,426
       Bills (2)                                            264,765    +     412    +  14,303      265,015
       Notes and bonds, nominal (2)                         438,078    +   1,924    +  23,419      438,678
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,614    +      41    +     731        2,625
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    29,714    +   3,357    -      36       31,500
 Loans to depository institutions                               156    +       6    +      29          144
    Primary credit                                               11    +       3    +       3            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             145    +       3    +      26          143
 Float                                                         -999    -     213    -     920        1,111
 Other Federal Reserve assets                                39,035    +     350    +     702       38,851
Gold stock                                                   11,042    +       1    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,657    +      14    +     733       36,657
       
Total factors supplying reserve funds                       842,370    +   5,891    +  43,602      846,931
                                                                   
Currency in circulation(5)                                  760,559    +   6,195    +  33,998      762,237
Reverse repurchase agreements (6)                            25,125    -     655    +   4,727       24,732
   Foreign official and international accounts               25,125    -     655    +   4,727       24,732
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          277    +      15    -      43          288
Deposits with F.R.Banks, other than reserve balances         14,125    +     481    -     491       13,264       
  U.S. Treasury, general account                              4,927    -       9    +     835        4,039
  Foreign official                                               84    +       2    -      19           80
  Service-related                                             8,831    +     490    -   1,314        8,831
     Required clearing balances                               8,831    +     490    -   1,314        8,831
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         284    -       2    +       7          314
Other liabilities and capital                                29,297    +     319    +   7,637       28,703

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  829,383    +   6,356    +  45,827      829,223

Reserve balances with Federal Reserve Banks                  12,988    -     464    -   2,223       17,708
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,426,297    +  15,454    + 205,573    1,426,812
     U.S. Treasury                                        1,084,979    +   4,660    + 100,127    1,084,093
     Federal agency                                         341,318    +  10,794    + 105,446      342,720
  Securities lent to dealers                                  4,440    +   1,016    +   1,689        4,016   


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  Jun 1, 2005     May 25, 2005      Jun 2, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               602        -      31        -     116
Securities, repurchase agreements, and loans                   757,070        +   2,929        +  52,925
   Securities held outright                                    725,426        +   2,434        +  43,943
      U.S. Treasury (1)                                        725,426        +   2,434        +  43,943       
         Bills (2)                                             265,015        +     500        +  14,543
         Notes and bonds, nominal (2)                          438,678        +   1,897        +  24,019
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,625        +      38        +     737
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    31,500        +     500        +   9,000    
   Loans                                                           144        -       5        -      18
Items in process of collection                      (965)        9,515        +   4,305        +     801
Bank premises                                                    1,817        -       1        +     134
Other assets (5)                                                37,026        +       5        +     485
      Total assets                                  (965)      819,268        +   7,208        +  54,226
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  726,465        +   4,721        +  33,114
Reverse repurchase agreements (6)                               24,732        -     454        +   4,440
Deposits                                              (0)       30,965        +   1,208        +   9,123       
  Depository institutions                                       26,531        +   2,650        +   6,661
  U.S. Treasury, general account                                 4,039        -   1,479        +   2,447
  Foreign official                                                  80        +       1        -       2
  Other                                               (0)          314        +      36        +      16
Deferred availability cash items                    (965)        8,404        +   2,070        +     244
Other liabilities and accrued dividends (7)                      3,408        -      16        +   1,004
      Total liabilities                             (965)      793,973        +   7,528        +  47,924
                          
Capital Accounts
Capital paid in                                                 12,894        +      35        +   3,690
Surplus                                                         11,364        -      53        +   2,517
Other capital accounts                                           1,037        -     303        +      95
      Total capital                                             25,295        -     320        +   6,303


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,       June 1, 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              11       55,701   -   6,910            0           0       31,500       24,732
16 days to 90 days         133      153,864   +     724            0           0            0            0
91 days to 1 year            0      167,571   +   6,643            0           0     ------      ------
Over 1 to 5 years     ------        216,525   +   1,181            0           0     ------      ------
Over 5 to 10 years    ------         53,758   +      81            0           0     ------      ------
Over 10 years         ------         78,008   +     717            0           0     ------      ------
                   		 	
All                        144      725,426   +   2,434            0           0       31,500      24,732

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       June 1, 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                                             602         21         36         45         45         45         75        107         34         22         43         45         85
Securities, repurchase agreements,
      and loans                              757,070     37,115    319,157     25,734     30,646     55,362     56,129     65,397     22,526     15,189     20,529     35,732     73,555
   Securities held outright                  725,426     37,115    287,657     25,734     30,646     55,362     56,123     65,328     22,511     15,151     20,518     35,728     73,554
      U.S. Treasury (1)                      725,426     37,115    287,657     25,734     30,646     55,362     56,123     65,328     22,511     15,151     20,518     35,728     73,554
         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)                  460,412     23,556    182,569     16,333     19,450     35,137     35,620     41,462     14,287      9,616     13,022     22,676     46,683
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                31,500          0     31,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      144          0          0          0          0          0          6         68         15         38         11          3          2
Items in process of collection                10,480        821        413        575      1,142        615      1,486        320        335        427        999        825      2,523
Bank premises                                  1,817        104        201         53        157        143        274        187         62        121         85        264        166
Other assets(5)                               37,026      3,240     13,937      1,074      2,457      4,855      2,052      2,554        902        744        666        945      3,601
Interdistrict settlement account                   0    -   178    - 8,781    + 5,579    +   583    + 4,029    + 2,548    + 3,313    -   408    -   279    -   504    - 3,703    - 2,199
          Total Assets                       820,233     41,748    330,192     33,576     35,587     66,032     63,675     73,018     23,848     16,465     22,201     34,755     79,137

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       June 1, 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             861,544     39,566    337,994     36,498     35,182     66,511     79,260     75,061     24,376     16,329     23,978     39,870     86,918
  Less: notes held by F.R. Banks              135,079      4,073     40,561      6,756      5,032     11,765     22,421      9,261      2,751      1,971      4,404      8,113     17,972
    Federal Reserve notes, net                726,465     35,493    297,434     29,742     30,151     54,747     56,839     65,800     21,625     14,358     19,574     31,757     68,945
Reverse repurchase agreements (1)              24,732      1,265      9,807        877      1,045      1,887      1,913      2,227        767        517        700      1,218      2,508
Deposits                                       30,965      1,214     13,567      1,367      1,381      3,307      2,276      2,420        524        416        844        797      2,852
  Depository institutions                      26,531      1,201      9,303      1,366      1,377      3,173      2,274      2,417        519        415        842        796      2,848
  U.S. Treasury, general account                4,039          0      4,039          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 80          5         52          1          4          7          2          3          1          1          1          0          4
  Other                                           314          8        173          0          0        127          0          0          4          0          1          0          0
Deferred availability cash items                9,369        899        926        845        663        725      1,025        552        170        569        661        491      1,842
Other liabilities and accrued                 
  dividends (2)                                 3,408        209      1,144        129        186        353        272        319        101         98        109        177        311
   
    Total liabilities                         794,938     39,080    322,878     32,961     33,426     61,018     62,325     71,318     23,188     15,959     21,887     34,440     76,458
                              
Capital                    
Capital paid in                                12,894      1,550      3,608        306      1,126      2,552        663        863        330        253        156        148      1,340
Surplus                                        11,364      1,118      3,430        294      1,035      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,037          0        276         15          0        314        171         73         95          0          5         32         56
     Total liabilities and capital            820,233     41,748    330,192     33,576     35,587     66,032     63,675     73,018     23,848     16,465     22,201     34,755     79,137
                              

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
                                           Jun 1, 2005
              
Federal Reserve notes outstanding             861,544
   Less: Notes held by F.R. Banks
         not subject to collateralization     135,079
      Federal Reserve Notes to be
         collateralized                       726,465 
Collateral held against Federal Reserve            
   notes                                      726,465
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              713,228
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         756,926
   Less:face value of securities under
         reverse repurchase agreements         24,750
      U.S. Treasury and agency securities
             eligible to be pledged           732,176
   

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.