Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 793,287 - 2,986 + 41,062 796,177

Securities held outright 724,704 - 5 + 31,194 724,702

U.S. Treasury1 724,704 - 5 + 31,194 724,702

Bills2 265,015 0 + 9,767 265,015

Notes and bonds, nominal2 437,374 0 + 16,028 437,374

Notes and bonds, inflation-indexed2 19,533 0 + 4,671 19,533

Inflation compensation3 2,782 - 5 + 729 2,780

Federal agency2 0 0 0 0

Repurchase agreements4 28,643 - 3,000 + 10,036 31,000

Loans to depository institutions 344 - 23 + 81 748

Primary credit 11 - 117 - 26 12

Secondary credit 67 + 67 + 67 470

Seasonal credit 266 + 27 + 40 266

Float -806 - 265 - 288 -713

Other Federal Reserve assets 40,403 + 308 + 40 40,440

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,657 + 14 + 579 36,657

Total factors supplying reserve funds 843,185 - 2,971 + 41,638 846,075

Currency in circulation5 760,999 - 1,467 + 27,963 763,041

Reverse repurchase agreements6 27,995 + 1,364 + 8,036 27,277

Foreign official and international accounts 27,995 + 1,364 + 8,036 27,277

Dealers 0 0 0 0

Treasury cash holdings 244 + 8 - 45 252

Deposits with F.R. Banks, other than reserve balances 13,987 - 867 - 1,148 13,486

U.S. Treasury, general account 4,878 - 545 - 78 4,417

Foreign official 111 - 8 + 34 81

Service-related 8,697 - 309 - 1,105 8,697

Required clearing balances 8,697 - 309 - 1,105 8,697

Adjustments to compensate for float 0 0 0 0

Other 301 - 6 + 1 291

Other liabilities and capital 30,099 + 229 + 8,773 29,918

Total factors, other than reserve balances,

absorbing reserve funds 833,324 - 733 + 43,578 833,975

Reserve balances with Federal Reserve Banks 9,862 - 2,237 - 1,939 12,100

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,454,039 + 8,008 + 214,613 1,457,721

U.S. Treasury 1,095,153 + 3,067 + 90,082 1,096,591

Federal agency 358,885 + 4,940 + 124,529 361,130

Securities lent to dealers 1,698 + 469 + 635 6,647

FEDERAL RESERVE statistical release

 July 28, 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 27, 2005 Week ended

 Jul 27, 2005 Jul 20, 2005 Jul 28, 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 625 + 5 - 110

Securities, repurchase agreements, and loans 756,450 - 2,997 + 40,801

Securities held outright 724,702 - 5 + 30,985

U.S. Treasury1 724,702 - 5 + 30,985

Bills2 265,015 0 + 9,767

Notes and bonds, nominal2 437,374 0 + 15,828

Notes and bonds, inflation-indexed2 19,533 0 + 4,671

Inflation compensation3 2,780 - 5 + 719

Federal agency2 0 0 0

Repurchase agreements4 31,000 - 2,750 + 9,500

Loans 748 - 242 + 316

Items in process of collection (885) 5,483 + 77 + 500

Bank premises 1,821 - 1 + 114

Other assets5 38,676 + 384 - 35

Total assets (885) 816,294 - 2,529 + 41,268

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 727,258 + 444 + 27,946

Reverse repurchase agreements6 27,277 - 919 + 7,914

Deposits (0) 25,644 - 2,261 - 3,825

Depository institutions 20,854 - 1,799 - 3,801

U.S. Treasury, general account 4,417 - 243 - 30

Foreign official 81 - 202 0

Other (0) 291 - 18 + 5

Deferred availability cash items (885) 6,197 - 144 + 433

Other liabilities and accrued dividends7 3,316 + 65 + 851

Total liabilities (885) 789,691 - 2,816 + 33,317

Capital accounts

Capital paid in 13,389 + 4 + 4,143

Surplus 11,513 + 29 + 2,734

Other capital accounts 1,701 + 253 + 1,074

Total capital 26,603 + 287 + 7,951

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 28, 2004

Eliminations from

consolidation Wednesday

 Jul 27, 2005

Wednesday

 Jul 20, 2005

3. Maturity Distribution of Loans and Securities, July 27, 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 720 56,404 - 466 0 0 31,000 27,277

16 days to 90 days 29 158,996 - 414 0 0 0 0

91 days to 1 year 0 168,541 + 881 0 0 . . . . . . 

Over 1 year to 5 years . . . 209,725 - 2 0 0 . . . . . . 

Over 5 years to 10 years . . . 52,888 - 1 0 0 . . . . . . 

Over 10 years . . . 78,149 - 2 0 0 . . . . . . 

All 748 724,702 - 5 0 0 31,000 27,277

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 27, 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 2,200 625 756,450 724,702 724,702 265,015 459,687 0 31,000 748 6,369 1,821 38,676 0 817,179

Assets, liabilities, and capital

 4,355 874 34 318,840 287,370 287,370 105,088 182,282 0 31,000 470 334 205 14,651 -16,867 322,425

 510 115 12 37,078 37,078 37,078 13,559 23,519 0 0 0 429 106 3,294 - 2,351 39,192

 432 83 29 25,709 25,708 25,708 9,401 16,307 0 0 1 296 54 1,172 + 6,626 34,401

 453 104 48 30,615 30,615 30,615 11,196 19,420 0 0 0 424 157 2,507 + 966 35,274

 836 147 54 55,307 55,307 55,307 20,225 35,082 0 0 0 281 143 4,922 + 4,196 65,886

 945 166 95 56,079 56,067 56,067 20,503 35,564 0 0 12 854 274 2,182 + 4,182 64,776

 928 212 95 65,363 65,263 65,263 23,866 41,397 0 0 100 562 193 2,708 + 3,031 73,092

 327 71 35 22,537 22,488 22,488 8,224 14,264 0 0 49 215 64 934 + 681 24,864

 2   15,2 15,1 15,1 5,5 9,6    3 1 7 - 6 16,0
 874,374

 147,117 727,258 727,258 11,037 2,200 714,021 0 755,702 27,302 728,400

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.

 874,374 147,117 727,258 27,277 25,644 20,854 4,417 81 291 7,082 3,316 790,576 13,389 11,513 1,701 817,179

 39,426 4,727 34,699 1,396 959 950 0 5 5 543 180 37,776 173 1,236 7 39,192

 334,606 44,637 289,969 10,816 12,380 7,738 4,417 53 171 657 1,122 314,945 3,632 3,430 419 322,425

 37,221 6,206 31,016 968 711 709 0 1 1 486 131 33,311 734 294 62 34,401

 35,365 5,536 29,829 1,152 1,226 1,220 0 4 2 635 168 33,011 1,128 1,065 71 35,274

 67,114 12,443 54,672 2,082 1,753 1,638 0 7 108 476 320 59,303 3,958 2,148 477 65,886

 81,881 23,920 57,961 2,110 1,939 1,937 0 2 0 786 276 63,073 861 516 326 64,776

 76,155 10,035 66,120 2,456 1,970 1,967 0 3 1 473 312 71,332 857 763 140 73,092

 25,913 3,091 22,822 846 522 519 0 1 2 164 128 24,482 138 236 8 24,864

 16,5 2,4 14,1 5 3 3    4  15,5 2 2  16,0

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 27, 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 27, 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.