Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 783,703 + 7,100 + 44,014 776,092

Securities held outright 717,866 - 20 + 47,749 717,859

U.S. Treasury1 717,866 - 20 + 47,749 717,859

Bills2 263,005 0 + 17,099 263,005

Notes and bonds, nominal2 433,429 0 + 24,826 433,429

Notes and bonds, inflation-indexed2 19,108 0 + 5,114 19,108

Inflation compensation3 2,324 - 19 + 711 2,316

Federal agency2 0 0 0 0

Repurchase agreements4 23,929 + 7,786 - 4,500 18,500

Loans to depository institutions 23 - 14 0 27

Primary credit 9 - 13 - 2 7

Secondary credit 0 0 0 0

Seasonal credit 14 - 1 + 3 19

Float 412 + 96 + 685 844

Other Federal Reserve assets 41,473 - 748 + 79 38,863

Gold stock 11,042 0 - 1 11,042

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

Treasury currency outstanding5 36,518 + 14 + 910 36,518

Total factors supplying reserve funds 833,464 + 7,114 + 44,924 825,852

Currency in circulation5 751,170 + 963 + 35,054 752,789

Reverse repurchase agreements6 27,044 + 429 + 4,207 23,346

Foreign official and international accounts 27,044 + 429 + 4,207 23,346

Dealers 0 0 0 0

Treasury cash holdings 280 - 10 - 54 270

Deposits with F.R. Banks, other than reserve balances 15,073 + 7 - 1,633 15,164

U.S. Treasury, general account 4,924 + 11 - 60 5,010

Foreign official 82 - 7 + 2 85

Service-related 9,772 0 - 1,551 9,772

Required clearing balances 9,772 0 - 1,165 9,772

Adjustments to compensate for float 0 0 - 386 0

Other 296 + 4 - 23 297

Other liabilities and capital 26,950 + 247 + 6,212 26,967

Total factors, other than reserve balances,

absorbing reserve funds 820,518 + 1,637 + 43,787 818,536

Reserve balances with Federal Reserve Banks 12,946 + 5,477 + 1,137 7,316

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,342,279 + 2,043 + 207,756 1,353,202

U.S. Treasury 1,057,047 + 3,379 + 156,277 1,069,207

Federal agency 285,232 - 1,335 + 51,479 283,995

Securities lent to dealers 3,441 + 1,177 + 1,688 8,247

FEDERAL RESERVE statistical release

 February 17, 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

 Feb 16, 2005 Week ended

 Feb 16, 2005 Feb 9, 2005 Feb 18, 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 11,038 0 0

Special drawing rights certificate account 2,200 0 0

Coin 828 - 3 - 53

Securities, repurchase agreements, and loans 736,385 + 3,977 + 42,079

Securities held outright 717,859 - 20 + 47,073

U.S. Treasury1 717,859 - 20 + 47,073

Bills2 263,005 0 + 16,950

Notes and bonds, nominal2 433,429 0 + 24,305

Notes and bonds, inflation-indexed2 19,108 0 + 5,114

Inflation compensation3 2,316 - 20 + 704

Federal agency2 0 0 0

Repurchase agreements4 18,500 + 4,000 - 5,000

Loans 27 - 3 + 7

Items in process of collection (891) 8,003 - 2,309 - 4,493

Bank premises 1,783 0 + 137

Other assets5 37,049 - 3,320 - 35

Total assets (891) 797,286 - 1,656 + 37,635

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 717,365 + 404 + 35,122

Reverse repurchase agreements6 23,346 - 5,009 + 3,395

Deposits ( 0 ) 22,459 + 2,362 - 3,872

Depository institutions 17,067 + 2,088 - 3,871

U.S. Treasury, general account 5,010 + 263 + 6

Foreign official 85 0 + 3

Other ( 0 ) 297 + 10 - 11

Deferred availability cash items (891) 7,149 + 96 - 3,657

Other liabilities and accrued dividends7 2,926 - 4 + 682

Total liabilities (891) 773,245 - 2,151 + 31,670

Capital accounts

Capital paid in 12,444 + 6 + 3,546

Surplus 11,029 + 123 + 2,182

Other capital accounts 568 + 367 + 236

Total capital 24,041 + 495 + 5,965

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Feb 18, 2004

Eliminations from

consolidation Wednesday

 Feb 16, 2005

Wednesday

 Feb 9, 2005

3. Maturity Distribution of Loans and Securities, February 16, 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 27 57,692 + 2,933 0 0 18,500 23,346

16 days to 90 days 0 161,489 + 3,885 0 0 0 0

91 days to 1 year 0 158,651 - 8,538 0 0 . . . . . . 

Over 1 year to 5 years . . . 212,802 + 5,055 0 0 . . . . . . 

Over 5 years to 10 years . . . 47,225 - 4,557 0 0 . . . . . . 

Over 10 years . . . 80,000 + 1,203 0 0 . . . . . . 

All 27 717,859 - 20 0 0 18,500 23,346

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 16, 2005Millions 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.

 11,038 2,200 828 736,385 717,859 717,859 263,005 454,854 0 18,500 27 8,894 1,783 37,049 0 798,177

Assets, liabilities, and capital

 4,648 874 53 329,773 311,273 311,273 114,042 197,231 0 18,500 0 476 197 14,331 -26,578 323,774

 494 115 23 33,710 33,709 33,709 12,350 21,359 0 0 1 638 101 3,261 + 2,818 41,161

 382 83 64 21,359 21,351 21,351 7,822 13,528 0 0 8 348 53 989 + 6,537 29,816

 452 104 62 30,674 30,674 30,674 11,238 19,436 0 0 0 977 157 2,518 + 856 35,800

 819 147 78 54,560 54,560 54,560 19,990 34,571 0 0 0 398 143 4,957 + 987 62,089

 894 166 91 48,411 48,411 48,411 17,736 30,674 0 0 0 1,826 276 1,877 + 8,148 61,688

 924 212 123 64,673 64,664 64,664 23,691 40,972 0 0 9 345 165 2,528 + 308 69,278

 325 71 35 21,090 21,090 21,090 7,727 13,363 0 0 0 330 63 860 + 1,610 24,384

 2   15,6 15,6 15,6 5,7 9,9    4 1 7 - 8 16,4
 856,087

 138,722 717,365 717,365 11,038 2,200 704,127 0 736,359 23,361 712,998

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.

 856,087 138,722 717,365 23,346 22,459 17,067 5,010 85 297 8,040 2,926 774,136 12,444 11,029 568 798,177

 40,207 4,771 35,436 1,096 1,229 1,211 0 5 13 652 164 38,577 1,638 945 0 41,161

 341,278 44,423 296,856 10,123 7,785 2,541 5,010 57 177 855 1,037 316,655 3,431 3,430 258 323,774

 35,166 8,079 27,087 694 807 806 0 1 0 512 104 29,203 298 294 21 29,816

 35,443 5,134 30,309 998 1,777 1,772 0 4 1 592 159 33,835 1,093 873 0 35,800

 64,357 12,306 52,051 1,774 2,781 2,677 0 7 97 506 270 57,383 2,538 2,148 20 62,089

 73,707 18,375 55,332 1,574 2,280 2,278 0 2 0 1,288 225 60,698 426 516 47 61,688

 72,353 9,030 63,322 2,103 1,469 1,465 0 3 1 483 276 67,653 787 763 75 69,278

 24,803 2,719 22,083 686 614 607 0 1 6 200 114 23,697 401 236 50 24,384

 16,3 1,9 14,3 5 3 3    5  15,8 2 2  16,4

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on February 16, 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

 Feb 16, 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.