FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                             April 14, 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           Apr 13, 2005  Apr 6, 2005 Apr 14, 2004 Apr 13, 2005
Federal Reserve Banks

Reserve Bank Credit                                         781,422    -   2,009    +  41,207      786,405
 Securities held outright                                   717,369    +      28    +  42,849      717,380       
    U.S. Treasury (1)                                       717,369    +      28    +  42,849      717,380
       Bills (2)                                            263,005            0    +  16,063      263,005
       Notes and bonds, nominal (2)                         432,885            0    +  21,497      432,885
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,371    +      29    +     646        2,381
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    22,893    -   2,250    -   2,836       28,250
 Loans to depository institutions                               280    +     211    +     195           76
    Primary credit                                              211    +     199    +     178            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              68    +      11    +      16           76
 Float                                                         -117    -     371    +     348         -597
 Other Federal Reserve assets                                40,997    +     373    +     650       41,295
Gold stock                                                   11,041            0    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,630    +      14    +     836       36,630
       
Total factors supplying reserve funds                       831,293    -   1,994    +  42,039      836,276
                                                                   
Currency in circulation(5)                                  754,232    -     348    +  36,624      755,122
Reverse repurchase agreements (6)                            23,423    +     308    +   3,287       22,758
   Foreign official and international accounts               23,423    +     308    +   3,287       22,758
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          276    -       7    -      69          270
Deposits with F.R.Banks, other than reserve balances         15,058    -     190    -   1,088       14,829       
  U.S. Treasury, general account                              5,175    -     121    +      17        4,926
  Foreign official                                               80    -      31    -       3           80
  Service-related                                             9,514            0    -   1,053        9,514
     Required clearing balances                               9,514            0    -   1,052        9,514
     Adjustments to compensate for float                          0            0    -       2            0
  Other                                                         288    -      38    -      50          308
Other liabilities and capital                                28,328    +     466    +   7,772       28,346

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  821,317    +     229    +  46,526      821,325

Reserve balances with Federal Reserve Banks                   9,976    -   2,223    -   4,487       14,951
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,389,289    -     730    + 208,911    1,387,635
     U.S. Treasury                                        1,080,019    -   1,797    + 130,444    1,076,969
     Federal agency                                         309,270    +   1,067    +  78,467      310,666
  Securities lent to dealers                                    571    -   2,408    -     388           21   


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 Apr 13, 2005      Apr 6, 2005     Apr 14, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               725        +       5        -     109
Securities, repurchase agreements, and loans                   745,706        +   8,289        +  41,203
   Securities held outright                                    717,380        +      29        +  42,663
      U.S. Treasury (1)                                        717,380        +      29        +  42,663       
         Bills (2)                                             263,005                0        +  15,873
         Notes and bonds, nominal (2)                          432,885                0        +  21,497
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,381        +      29        +     648
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    28,250        +   8,250        -   1,450    
   Loans                                                            76        +      11        -      10
Items in process of collection                    (1,032)        6,877        -     472        +   1,156
Bank premises                                                    1,803        +       1        +     141
Other assets (5)                                                39,208        +     562        +     564
      Total assets                                (1,032)      807,557        +   8,387        +  42,952
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  719,483        -     841        +  35,219
Reverse repurchase agreements (6)                               22,758        -     228        +   3,288
Deposits                                              (0)       29,496        +   8,793        -   4,562       
  Depository institutions                                       24,181        +   8,390        -   4,541
  U.S. Treasury, general account                                 4,926        +     396        +      24
  Foreign official                                                  80        -       2        -       5
  Other                                               (0)          308        +       8        -      42
Deferred availability cash items                  (1,032)        7,474        +      55        +     977
Other liabilities and accrued dividends (7)                      3,278        +      47        +   1,009
      Total liabilities                           (1,032)      782,490        +   7,826        +  35,931
                          
Capital Accounts
Capital paid in                                                 12,724        +     139        +   3,741
Surplus                                                         11,229        +      64        +   2,462
Other capital accounts                                           1,114        +     357        +     818
      Total capital                                             25,067        +     560        +   7,021


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,     April 13, 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               9       47,907   +     895            0           0       28,250       22,758
16 days to 90 days          68      169,735   -     556            0           0            0            0
91 days to 1 year            0      159,979   -     339            0           0     ------      ------
Over 1 to 5 years     ------        212,493   +      11            0           0     ------      ------
Over 5 to 10 years    ------         50,294   +       5            0           0     ------      ------
Over 10 years         ------         76,971   +      12            0           0     ------      ------
                   		 	
All                         76      717,380   +      29            0           0       28,250      22,758

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     April 13, 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                                             725         24         44         64         56         56         72        124         37         27         49         61        110
Securities, repurchase agreements,
      and loans                              745,706     36,705    312,716     25,449     30,306     54,748     55,500     64,645     22,267     15,004     20,296     35,333     72,738
   Securities held outright                  717,380     36,703    284,466     25,449     30,306     54,748     55,500     64,603     22,261     14,983     20,291     35,332     72,738
      U.S. Treasury (1)                      717,380     36,703    284,466     25,449     30,306     54,748     55,500     64,603     22,261     14,983     20,291     35,332     72,738
         Bills (2)                           263,005     13,456    104,291      9,330     11,111     20,072     20,347     23,685      8,161      5,493      7,439     12,953     26,667
         Notes and bonds(3)                  454,375     23,247    180,175     16,119     19,195     34,676     35,153     40,919     14,100      9,490     12,852     22,379     46,071
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                28,250          0     28,250          0          0          0          0          0          0          0          0          0          0
      Loans                                       76          1          0          0          0          0          0         42          6         21          5          1          0
Items in process of collection                 7,910        335        204        350        956        502        917        425        301        383        728        369      2,439
Bank premises                                  1,803        103        200         53        157        143        275        175         61        122         84        264        166
Other assets(5)                               39,208      3,406     14,719      1,174      2,581      5,107      2,228      2,724        933        788        717      1,014      3,817
Interdistrict settlement account                   0    + 1,565    - 3,908    + 3,172    +   713    + 3,184    +   178    + 1,770    +   159    +   214    -   369    - 2,615    - 4,063
          Total Assets                       808,590     42,764    329,205     30,777     35,326     64,723     60,281     71,003     24,155     16,780     21,889     35,073     76,613

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     April 13, 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             854,720     39,997    338,676     35,647     35,525     65,664     74,149     73,023     24,661     16,353     24,252     40,000     86,773
  Less: notes held by F.R. Banks              135,237      4,584     38,751      7,633      5,257     12,532     20,705      8,781      3,009      1,729      4,662      7,592     20,003
    Federal Reserve notes, net                719,483     35,412    299,925     28,014     30,269     53,133     53,444     64,242     21,652     14,624     19,590     32,408     66,770
Reverse repurchase agreements (1)              22,758      1,164      9,024        807        961      1,737      1,761      2,049        706        475        644      1,121      2,307
Deposits                                       29,496      2,679     11,073        694      1,214      4,086      2,517      2,170        567        466        674        661      2,695
  Depository institutions                      24,181      2,670      5,910        693      1,209      3,965      2,515      2,167        563        465        673        660      2,691
  U.S. Treasury, general account                4,926          0      4,926          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                                           308          4        184          0          1        114          0          0          3          0          1          0          0
Deferred availability cash items                8,506        702        828        517        625        537      1,304        550        187        594        551        399      1,713
Other liabilities and accrued                 
  dividends (2)                                 3,278        195      1,085        125        179        320        262        308        131        100        107        166        300
   
    Total liabilities                         783,522     40,153    321,936     30,157     33,248     59,813     59,287     69,320     23,244     16,260     21,566     34,755     73,785
                              
Capital                    
Capital paid in                                12,724      1,554      3,503        300      1,099      2,545        428        818        537        254        155        147      1,384
Surplus                                        11,229      1,038      3,430        294        979      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,114         19        336         26          0        218         50        102        138         11         15         36        161
     Total liabilities and capital            808,590     42,764    329,205     30,777     35,326     64,723     60,281     71,003     24,155     16,780     21,889     35,073     76,613
                              

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
                                          Apr 13, 2005
              
Federal Reserve notes outstanding             854,720
   Less: Notes held by F.R. Banks
         not subject to collateralization     135,237
      Federal Reserve Notes to be
         collateralized                       719,483 
Collateral held against Federal Reserve            
   notes                                      719,483
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              706,247
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         745,630
   Less:face value of securities under
         reverse repurchase agreements         22,774
      U.S. Treasury and agency securities
             eligible to be pledged           722,856
   

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.