Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 795,797 + 7,230 + 40,844 801,241

Securities held outright 724,719 - 1,290 + 37,051 724,717

U.S. Treasury1 724,719 - 1,290 + 37,051 724,717

Bills2 265,015 0 + 10,457 265,015

Notes and bonds, nominal2 437,374 - 1,304 + 20,680 437,374

Notes and bonds, inflation-indexed2 19,533 0 + 5,069 19,533

Inflation compensation3 2,797 + 15 + 846 2,796

Federal agency2 0 0 0 0

Repurchase agreements4 30,071 + 6,964 + 2,892 34,000

Loans to depository institutions 745 + 530 + 521 222

Primary credit 539 + 520 + 480 1

Secondary credit 0 0 0 0

Seasonal credit 206 + 10 + 41 221

Float 514 + 1,303 + 532 2,511

Other Federal Reserve assets 39,748 - 277 - 153 39,790

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,671 + 14 + 622 36,671

Total factors supplying reserve funds 845,709 + 7,244 + 41,462 851,153

Currency in circulation5 766,557 + 6,616 + 30,264 768,347

Reverse repurchase agreements6 25,767 + 1,456 + 5,809 24,464

Foreign official and international accounts 25,767 + 1,456 + 5,809 24,464

Dealers 0 0 0 0

Treasury cash holdings 237 - 7 - 66 237

Deposits with F.R. Banks, other than reserve balances 12,530 - 843 - 3,288 13,199

U.S. Treasury, general account 3,840 - 886 - 701 4,544

Foreign official 125 + 22 - 30 82

Service-related 8,278 - 1 - 2,584 8,278

Required clearing balances 8,278 - 1 - 2,584 8,278

Adjustments to compensate for float 0 0 0 0

Other 287 + 22 + 26 295

Other liabilities and capital 29,043 - 670 + 7,414 28,794

Total factors, other than reserve balances,

absorbing reserve funds 834,134 + 6,552 + 40,134 835,041

Reserve balances with Federal Reserve Banks 11,574 + 691 + 1,327 16,112

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,437,974 - 2,245 + 202,421 1,438,044

U.S. Treasury 1,085,936 - 2,610 + 86,647 1,088,804

Federal agency 352,038 + 365 + 115,775 349,240

Securities lent to dealers 5,356 + 1,913 + 3,057 4,637

FEDERAL RESERVE statistical release

 July 7, 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

 Jul 6, 2005 Week ended

 Jul 6, 2005 Jun 29, 2005 Jul 7, 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 11,037 0 - 3

Special drawing rights certificate account 2,200 0 0

Coin 608 - 19 - 104

Securities, repurchase agreements, and loans 758,939 + 6,671 + 42,822

Securities held outright 724,717 - 1,305 + 36,824

U.S. Treasury1 724,717 - 1,305 + 36,824

Bills2 265,015 0 + 10,239

Notes and bonds, nominal2 437,374 - 1,304 + 20,680

Notes and bonds, inflation-indexed2 19,533 0 + 5,069

Inflation compensation3 2,796 + 1 + 838

Federal agency2 0 0 0

Repurchase agreements4 34,000 + 8,000 + 6,000

Loans 222 - 25 - 3

Items in process of collection (1,388) 10,918 + 5,059 + 1,852

Bank premises 1,816 - 15 + 119

Other assets5 38,033 - 208 - 362

Total assets (1,388) 823,551 + 11,487 + 44,324

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 732,517 + 4,877 + 29,358

Reverse repurchase agreements6 24,464 + 227 + 4,636

Deposits (0) 29,344 + 4,709 + 2,605

Depository institutions 24,424 + 4,297 + 948

U.S. Treasury, general account 4,544 + 371 + 1,629

Foreign official 82 - 1 - 2

Other (0) 295 + 43 + 31

Deferred availability cash items (1,388) 8,432 + 2,270 + 441

Other liabilities and accrued dividends7 3,225 - 394 + 900

Total liabilities (1,388) 797,982 + 11,690 + 37,940

Capital accounts

Capital paid in 12,939 + 3 + 3,688

Surplus 11,437 - 19 + 2,590

Other capital accounts 1,194 - 185 + 107

Total capital 25,569 - 202 + 6,384

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 7, 2004

Eliminations from

consolidation Wednesday

 Jul 6, 2005

Wednesday

 Jun 29, 2005

3. Maturity Distribution of Loans and Securities, July 6, 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 36 51,553 - 9,011 0 0 34,000 24,464

16 days to 90 days 186 165,271 + 7,859 0 0 0 0

91 days to 1 year 0 160,338 + 1,178 0 0 . . . . . . 

Over 1 year to 5 years . . . 215,250 - 1,330 0 0 . . . . . . 

Over 5 years to 10 years . . . 54,151 0 0 0 . . . . . . 

Over 10 years . . . 78,156 + 1 0 0 . . . . . . 

All 222 724,717 - 1,305 0 0 34,000 24,464

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 6, 2005Millions of dollars

Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis 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 agreements4

Loans

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 sec4. 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.

 11,037 2,200 608 758,939 724,717 724,717 265,015 459,703 0 34,000 222 12,306 1,816 38,033 0 824,939

Assets, liabilities, and capital

 4,355 874 33 321,376 287,376 287,376 105,088 182,288 0 34,000 0 733 201 14,358 -16,107 325,824

 510 115 15 37,079 37,079 37,079 13,559 23,520 0 0 0 1,081 105 3,239 - 1,766 40,378

 432 83 32 25,709 25,709 25,709 9,401 16,308 0 0 0 761 54 1,200 + 5,534 33,805

 453 104 46 30,616 30,616 30,616 11,196 19,420 0 0 0 1,186 157 2,460 + 1,098 36,120

 836 147 45 55,308 55,308 55,308 20,225 35,083 0 0 0 907 143 4,850 + 5,593 67,830

 945 166 86 56,075 56,068 56,068 20,503 35,565 0 0 7 1,397 273 2,147 + 4,100 65,189

 928 212 100 65,343 65,264 65,264 23,866 41,398 0 0 79 863 195 2,639 + 3,695 73,975

 327 71 38 22,528 22,489 22,489 8,224 14,265 0 0 40 383 63 902 + 495 24,807

 2   15,2 15,1 15,1 5,5 9,6    4 1 7 - 3 16,4
 868,521

 136,004 732,517 732,517 11,037 2,200 719,280 0 758,717 24,485 734,232

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

 868,521 136,004 732,517 24,464 29,344 24,424 4,544 82 295 9,820 3,225 799,370 12,939 11,437 1,194 824,939

 39,419 3,755 35,664 1,252 821 808 0 5 8 1,133 176 39,046 173 1,160 0 40,378

 336,059 42,678 293,381 9,701 13,348 8,583 4,544 54 167 937 1,087 318,453 3,627 3,430 314 325,824

 37,007 5,744 31,263 868 551 549 0 1 0 378 125 33,184 309 294 18 33,805

 35,120 4,766 30,354 1,033 1,476 1,472 0 4 0 876 178 33,918 1,128 1,065 9 36,120

 66,978 11,578 55,399 1,867 2,823 2,700 0 7 115 968 296 61,352 3,958 2,148 371 67,830

 81,126 23,155 57,971 1,893 2,556 2,555 0 2 0 947 266 63,633 862 516 178 65,189

 76,083 9,109 66,974 2,203 2,160 2,157 0 3 0 621 309 72,267 845 763 100 73,975

 25,468 2,759 22,708 759 488 484 0 1 2 250 125 24,331 138 236 103 24,807

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

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 6, 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

 Jul 6, 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.