FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                               June 9, 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 8, 2005  Jun 1, 2005  Jun 9, 2004  Jun 8, 2005
Federal Reserve Banks

Reserve Bank Credit                                         790,003    -   2,469    +  43,594      795,604
 Securities held outright                                   725,448    +     883    +  42,382      725,460       
    U.S. Treasury (1)                                       725,448    +     883    +  42,382      725,460
       Bills (2)                                            265,015    +     250    +  13,111      265,015
       Notes and bonds, nominal (2)                         438,678    +     600    +  23,876      438,678
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,646    +      32    +     751        2,659
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    25,500    -   4,214    +     679       30,500
 Loans to depository institutions                               152    -       4    -       6          149
    Primary credit                                                2    -       9    -      30            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             150    +       5    +      24          149
 Float                                                         -298    +     700    -     192           30
 Other Federal Reserve assets                                39,201    +     166    +     731       39,464
Gold stock                                                   11,042            0    -       3       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,615    +      14    +     662       36,615
       
Total factors supplying reserve funds                       839,859    -   2,456    +  44,252      845,460
                                                                   
Currency in circulation(5)                                  761,163    +     660    +  34,810      761,426
Reverse repurchase agreements (6)                            24,343    -     782    +   4,039       23,956
   Foreign official and international accounts               24,343    -     782    +   4,039       23,956
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          287    +      10    -      36          282
Deposits with F.R.Banks, other than reserve balances         14,032    -      93    -   1,183       14,069       
  U.S. Treasury, general account                              4,778    -     149    +      80        4,626
  Foreign official                                              104    +      20    +      12          112
  Service-related                                             8,830    -       1    -   1,314        8,830
     Required clearing balances                               8,830    -       1    -   1,314        8,830
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         321    +      37    +      39          501
Other liabilities and capital                                29,248    -      49    +   7,663       29,393

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  829,073    -     253    +  45,292      829,126

Reserve balances with Federal Reserve Banks                  10,786    -   2,203    -   1,040       16,334
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,431,637    +   5,340    + 203,489    1,435,046
     U.S. Treasury                                        1,088,816    +   3,837    +  95,325    1,090,777
     Federal agency                                         342,821    +   1,503    + 108,165      344,269
  Securities lent to dealers                                  4,399    -      41    +   2,860        2,388   


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 8, 2005      Jun 1, 2005      Jun 9, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               612        +      10        -     114
Securities, repurchase agreements, and loans                   756,110        -     960        +  41,771
   Securities held outright                                    725,460        +      34        +  41,528
      U.S. Treasury (1)                                        725,460        +      34        +  41,528       
         Bills (2)                                             265,015                0        +  13,107
         Notes and bonds, nominal (2)                          438,678                0        +  23,019
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,659        +      34        +     759
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,500        -   1,000        +     250    
   Loans                                                           149        +       5        -       8
Items in process of collection                    (1,137)        6,737        -   2,778        +     388
Bank premises                                                    1,821        +       4        +     136
Other assets (5)                                                37,600        +     574        +     769
      Total assets                                (1,137)      816,117        -   3,151        +  42,946
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  725,701        -     764        +  33,769
Reverse repurchase agreements (6)                               23,956        -     776        +   4,014
Deposits                                              (0)       30,360        -     605        -   3,238       
  Depository institutions                                       25,122        -   1,409        -   2,929
  U.S. Treasury, general account                                 4,626        +     587        -     589
  Foreign official                                                 112        +      32        +      27
  Other                                               (0)          501        +     187        +     254
Deferred availability cash items                  (1,137)        6,706        -   1,698        +     225
Other liabilities and accrued dividends (7)                      3,501        +      93        +   1,026
      Total liabilities                           (1,137)      790,225        -   3,748        +  35,797
                          
Capital Accounts
Capital paid in                                                 12,904        +      10        +   3,703
Surplus                                                         11,440        +      76        +   2,593
Other capital accounts                                           1,548        +     511        +     853
      Total capital                                             25,892        +     597        +   7,149


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 8, 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              22       54,615   -   1,086            0           0       30,500       23,956
16 days to 90 days         127      162,630   +   8,766            0           0            0            0
91 days to 1 year            0      159,891   -   7,680            0           0     ------      ------
Over 1 to 5 years     ------        216,538   +      13            0           0     ------      ------
Over 5 to 10 years    ------         53,764   +       6            0           0     ------      ------
Over 10 years         ------         78,023   +      15            0           0     ------      ------
                   		 	
All                        149      725,460   +      34            0           0       30,500      23,956

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 8, 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                                             612         21         35         47         46         45         77        105         33         20         44         48         91
Securities, repurchase agreements,
      and loans                              756,110     37,117    318,170     25,735     30,647     55,365     56,128     65,403     22,529     15,194     20,530     35,733     73,559
   Securities held outright                  725,460     37,117    287,670     25,735     30,647     55,365     56,125     65,331     22,512     15,152     20,519     35,730     73,557
      U.S. Treasury (1)                      725,460     37,117    287,670     25,735     30,647     55,365     56,125     65,331     22,512     15,152     20,519     35,730     73,557
         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)                  460,446     23,558    182,583     16,334     19,452     35,140     35,623     41,465     14,288      9,617     13,023     22,678     46,686
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,500          0     30,500          0          0          0          0          0          0          0          0          0          0
      Loans                                      149          0          0          0          0          0          3         71         17         42         11          3          2
Items in process of collection                 7,874        502        365        374        591        602      1,082        368        249        331        625        446      2,339
Bank premises                                  1,821        105        202         54        157        143        274        187         63        121         86        264        166
Other assets(5)                               37,600      3,280     14,120      1,181      2,492      4,915      2,103      2,587        882        752        676        964      3,648
Interdistrict settlement account                   0    -   303    - 5,857    + 4,815    +   923    + 1,974    + 2,912    + 2,763    +   310    -   459    +     2    - 3,599    - 3,480
          Total Assets                       817,254     41,346    332,265     32,721     35,412     64,026     63,688     72,553     24,463     16,202     22,346     34,503     77,729

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 8, 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             862,938     39,537    337,605     36,621     35,256     66,407     79,366     75,607     24,953     16,336     24,634     39,857     86,760
  Less: notes held by F.R. Banks              137,237      4,161     40,782      6,792      5,152     11,986     22,637      9,529      2,783      2,013      4,573      8,170     18,659
    Federal Reserve notes, net                725,701     35,377    296,823     29,829     30,104     54,421     56,729     66,078     22,170     14,322     20,060     31,687     68,101
Reverse repurchase agreements (1)              23,956      1,226      9,500        850      1,012      1,828      1,853      2,157        743        500        678      1,180      2,429
Deposits                                       30,360      1,206     16,458        618      1,180      1,806      2,549      1,842        594        336        683        732      2,357
  Depository institutions                      25,122      1,199     11,350        617      1,176      1,704      2,547      1,839        591        335        681        732      2,353
  U.S. Treasury, general account                4,626          0      4,626          0          0          0          0          0          0          0          0          0          0
  Foreign official                                112          5         83          1          4          7          2          3          1          1          1          0          4
  Other                                           501          2        398          0          0         95          0          0          2          0          2          0          0
Deferred availability cash items                7,843        594        821        657        716        528        886        413        138        421        488        406      1,774
Other liabilities and accrued                 
  dividends (2)                                 3,501        216      1,161        132        188        356        282        327        132        103        110        177        318
   
    Total liabilities                         791,362     38,618    324,763     32,085     33,200     58,939     62,299     70,817     23,777     15,682     22,019     34,182     74,979
                              
Capital                    
Capital paid in                                12,904      1,562      3,618        308      1,127      2,552        665        845        330        253        156        148      1,340
Surplus                                        11,440      1,164      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,548          2        455         33         21        387        208        127        120         13         18         38        126
     Total liabilities and capital            817,254     41,346    332,265     32,721     35,412     64,026     63,688     72,553     24,463     16,202     22,346     34,503     77,729
                              

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 8, 2005
              
Federal Reserve notes outstanding             862,938
   Less: Notes held by F.R. Banks
         not subject to collateralization     137,237
      Federal Reserve Notes to be
         collateralized                       725,701 
Collateral held against Federal Reserve            
   notes                                      725,701
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              712,463
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         755,960
   Less:face value of securities under
         reverse repurchase agreements         23,974
      U.S. Treasury and agency securities
             eligible to be pledged           731,986
   

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.