Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 787,859 - 93 + 39,425 791,914

Securities held outright 725,909 + 427 + 40,866 725,987

U.S. Treasury1 725,909 + 427 + 40,866 725,987

Bills2 265,015 0 + 13,051 265,015

Notes and bonds, nominal2 438,678 0 + 21,984 438,678

Notes and bonds, inflation-indexed2 19,473 + 365 + 5,009 19,533

Inflation compensation3 2,743 + 63 + 823 2,760

Federal agency2 0 0 0 0

Repurchase agreements4 22,286 - 1,428 - 1,964 26,250

Loans to depository institutions 180 + 18 - 17 197

Primary credit 22 + 8 - 32 21

Secondary credit 0 0 0 0

Seasonal credit 158 + 10 + 15 176

Float -225 + 504 + 39 -357

Other Federal Reserve assets 39,710 + 387 + 501 39,838

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,643 + 14 + 633 36,643

Total factors supplying reserve funds 837,743 - 79 + 40,053 841,798

Currency in circulation5 759,040 - 574 + 34,096 760,089

Reverse repurchase agreements6 23,417 - 274 + 4,695 23,362

Foreign official and international accounts 23,417 - 274 + 4,695 23,362

Dealers 0 0 0 0

Treasury cash holdings 268 - 12 - 47 245

Deposits with F.R. Banks, other than reserve balances 13,942 - 664 - 3,712 14,055

U.S. Treasury, general account 4,982 - 552 - 2,052 5,099

Foreign official 96 + 3 - 7 84

Service-related 8,606 - 2 - 1,687 8,606

Required clearing balances 8,606 - 2 - 1,687 8,606

Adjustments to compensate for float 0 0 0 0

Other 258 - 114 + 33 267

Other liabilities and capital 29,504 + 105 + 7,797 29,427

Total factors, other than reserve balances,

absorbing reserve funds 826,171 - 1,420 + 42,829 827,178

Reserve balances with Federal Reserve Banks 11,572 + 1,340 - 2,776 14,620

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,436,547 + 213 + 212,607 1,441,034

U.S. Treasury 1,091,598 - 226 + 101,495 1,091,557

Federal agency 344,948 + 438 + 111,111 349,478

Securities lent to dealers 4,093 - 1,073 + 3,113 3,830

FEDERAL RESERVE statistical release

 June 23, 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

 Jun 22, 2005 Week ended

 Jun 22, 2005 Jun 15, 2005 Jun 23, 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 - 4

Special drawing rights certificate account 2,200 0 0

Coin 642 + 13 - 112

Securities, repurchase agreements, and loans 752,434 - 2,211 + 35,092

Securities held outright 725,987 + 492 + 40,810

U.S. Treasury1 725,987 + 492 + 40,810

Bills2 265,015 0 + 12,921

Notes and bonds, nominal2 438,678 0 + 21,984

Notes and bonds, inflation-indexed2 19,533 + 425 + 5,069

Inflation compensation3 2,760 + 67 + 836

Federal agency2 0 0 0

Repurchase agreements4 26,250 - 2,750 - 5,750

Loans 197 + 46 + 32

Items in process of collection (749) 5,819 + 486 + 259

Bank premises 1,829 + 6 + 138

Other assets5 38,443 + 951 + 748

Total assets (749) 812,402 - 757 + 36,119

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 724,328 - 251 + 31,321

Reverse repurchase agreements6 23,362 + 215 + 5,897

Deposits (0) 29,112 - 1,053 - 9,057

Depository institutions 23,662 + 3,691 - 6,995

U.S. Treasury, general account 5,099 - 4,750 - 2,103

Foreign official 84 - 7 + 2

Other (0) 267 + 12 + 40

Deferred availability cash items (749) 6,174 - 121 + 172

Other liabilities and accrued dividends7 3,553 + 51 + 1,002

Total liabilities (749) 786,528 - 1,161 + 29,334

Capital accounts

Capital paid in 12,935 + 14 + 3,711

Surplus 11,451 + 55 + 2,604

Other capital accounts 1,488 + 336 + 470

Total capital 25,874 + 404 + 6,785

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jun 23, 2004

Eliminations from

consolidation Wednesday

 Jun 22, 2005

Wednesday

 Jun 15, 2005

3. Maturity Distribution of Loans and Securities, June 22, 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 183 61,540 - 313 0 0 26,250 23,362

16 days to 90 days 14 156,020 + 446 0 0 0 0

91 days to 1 year 0 159,576 - 133 0 0 . . . . . . 

Over 1 year to 5 years . . . 216,566 + 14 0 0 . . . . . . 

Over 5 years to 10 years . . . 54,145 + 376 0 0 . . . . . . 

Over 10 years . . . 78,140 + 102 0 0 . . . . . . 

All 197 725,987 + 492 0 0 26,250 23,362

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on June 22, 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 2,200 642 752,434 725,987 725,987 265,015 460,972 0 26,250 197 6,568 1,829 38,443 0 813,152

Assets, liabilities, and capital

 4,355 874 35 314,129 287,879 287,879 105,088 182,791 0 26,250 0 352 202 14,319 - 8,056 326,210

 510 115 20 37,144 37,144 37,144 13,559 23,585 0 0 0 497 106 3,279 - 2,277 39,394

 432 83 43 25,754 25,754 25,754 9,401 16,353 0 0 0 299 54 1,200 + 5,503 33,368

 453 104 48 30,669 30,669 30,669 11,196 19,474 0 0 0 710 158 2,487 + 461 35,090

 836 147 51 55,407 55,405 55,405 20,225 35,180 0 0 2 295 143 5,086 + 4,522 66,488

 945 166 84 56,172 56,166 56,166 20,503 35,663 0 0 6 1,030 274 2,387 + 2,557 63,615

 928 212 103 65,457 65,379 65,379 23,866 41,513 0 0 78 272 192 2,631 + 3,153 72,948

 327 71 36 22,543 22,528 22,528 8,224 14,304 0 0 15 184 63 900 + 392 24,516

 2   15,2 15,1 15,1 5,5 9,6    2 1 7 - 4 16,1
 866,720

 142,392 724,328 724,328 11,037 2,200 711,091 0 752,237 23,379 728,858

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.

 866,720 142,392 724,328 23,362 29,112 23,662 5,099 84 267 6,923 3,553 787,278 12,935 11,451 1,488 813,152

 39,471 4,156 35,315 1,195 835 824 0 5 6 521 181 38,047 173 1,175 0 39,394

 336,451 42,741 293,709 9,264 13,852 8,525 5,099 55 173 731 1,178 318,734 3,627 3,430 420 326,210

 36,968 6,416 30,552 829 776 775 0 1 1 443 133 32,733 308 294 32 33,368

 35,160 5,345 29,815 987 1,246 1,242 0 4 1 640 194 32,883 1,127 1,065 15 35,090

 66,968 12,377 54,591 1,783 2,698 2,609 0 7 82 518 397 59,987 3,958 2,148 394 66,488

 80,954 24,013 56,940 1,807 2,412 2,410 0 2 0 786 282 62,228 669 516 202 63,615

 76,113 9,798 66,315 2,104 2,101 2,098 0 3 0 355 334 71,209 845 763 131 72,948

 25,116 2,873 22,243 725 580 576 0 1 3 156 134 23,838 330 236 112 24,516

 16,4 2,1 14,2 4 3 3    5 1 15,6 2 2  16,1

H.4.14. Statement of Condition of Each Federal Reserve Bank on June 22, 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

 Jun 22, 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.