Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 727,180 + 9,572 + 65,544 731,678

Securities held outright 656,119 + 129 + 50,709 656,196

U.S. Treasury1 656,109 + 129 + 50,709 656,186

Bills2 241,527 + 125 + 38,108 241,601

Notes and bonds, nominal2 399,595 0 + 11,029 399,595

Notes and bonds, inflation-indexed2 13,454 0 + 1,212 13,454

Inflation compensation3 1,533 + 4 + 361 1,535

Federal agency2 10 0 0 10

Repurchase agreements4 32,107 + 9,821 + 14,500 36,750

Loans to depository institutions 178 - 58 + 7 151

Primary credit 23 - 50 + 23 20

Secondary credit 0 0 0 0

Seasonal credit 155 - 8 - 16 131

Adjustment credit 0 0 0 0

Float -613 - 901 - 663 -898

Other Federal Reserve assets 39,389 + 580 + 992 39,479

Gold stock 11,043 0 + 1 11,043

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

Treasury currency outstanding5 35,257 + 14 + 942 35,257

Total factors supplying reserve funds 775,680 + 9,586 + 66,487 780,178

Currency in circulation5 696,766 + 823 + 36,628 698,877

Reverse repurchase agreements6 21,384 + 839 + 21,384 22,090

Foreign official and international accounts 21,384 + 839 + 21,384 22,090

Dealers 0 0 0 0

Treasury cash holdings 343 + 7 - 36 356

Deposits with F.R. Banks, other than reserve balances 19,139 - 267 + 2,476 17,268

U.S. Treasury, general account 6,922 - 618 + 740 4,922

Foreign official 459 + 357 + 372 496

Service-related 11,515 + 21 + 1,345 11,515

Required clearing balances 11,225 - 1 + 1,288 11,225

Adjustments to compensate for float 290 + 22 + 58 290

Other 243 - 27 + 19 336

Other liabilities and capital 20,915 + 160 + 1,433 20,397

Total factors, other than reserve balances,

absorbing reserve funds 758,548 + 1,563 + 61,886 758,989

Reserve balances with Federal Reserve Banks 17,132 + 8,023 + 4,601 21,190

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 973,530 + 10,173 . . . 980,146

U.S. Treasury 781,726 + 6,931 . . . 786,561

Federal agency 191,804 + 3,243 . . . 193,585

Securities lent to dealers 3,689 + 3,074 + 2,152 2,048

FEDERAL RESERVE statistical release

 October 2, 2003

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.

. . . Not available.

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

 Oct 1, 2003 Week ended

 Oct 1, 2003 Sep 24, 2003 Oct 2, 2002
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 11,039 0 + 1

Special drawing rights certificate account 2,200 0 0

Coin 839 - 10 - 239

Securities, repurchase agreements, and loans 693,097 + 10,752 + 69,490

Securities held outright 656,196 + 193 + 49,996

U.S. Treasury1 656,186 + 193 + 49,996

Bills2 241,601 + 187 + 37,395

Notes and bonds, nominal2 399,595 0 + 11,029

Notes and bonds, inflation-indexed2 13,454 0 + 1,212

Inflation compensation3 1,535 + 5 + 360

Federal agency2 10 0 0

Repurchase agreements4 36,750 + 10,750 + 19,500

Loans 151 - 190 - 6

Items in process of collection (1,291) 7,399 + 864 - 1,412

Bank premises 1,594 - 1 + 75

Other assets5 37,876 + 355 + 1,114

Total assets (1,291) 754,045 + 11,961 + 69,031

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 664,812 + 1,498 + 35,547

Reverse repurchase agreements6 22,090 + 3,289 + 22,090

Deposits ( 0 ) 38,548 + 6,340 + 11,030

Depository institutions 32,794 + 7,767 + 10,761

U.S. Treasury, general account 4,922 - 1,915 - 238

Foreign official 496 + 414 + 419

Other ( 0 ) 336 + 74 + 88

Deferred availability cash items (1,291) 8,198 + 1,086 - 706

Other liabilities and accrued dividends7 2,210 - 35 - 197

Total liabilities (1,291) 735,857 + 12,176 + 67,762

Capital accounts

Capital paid in 8,746 - 12 + 481

Surplus 8,380 0 + 1,068

Other capital accounts 1,061 - 204 - 282

Total capital 18,187 - 216 + 1,267

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Oct 2, 2002

Eliminations from

consolidation Wednesday

 Oct 1, 2003

Wednesday

 Sep 24, 2003

3. Maturity Distribution of Loans and Securities, October 1, 2003

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 31 45,734 - 6,694 0 0 36,750 22,090

16 days to 90 days 120 138,437 + 1,128 10 0 0 0

91 days to 1 year 0 166,362 + 6,870 0 0 . . . . . . 

Over 1 year to 5 years . . . 176,904 - 1,116 0 0 . . . . . . 

Over 5 years to 10 years . . . 51,660 + 2 0 0 . . . . . . 

Over 10 years . . . 77,090 + 2 0 0 . . . . . . 

All 151 656,186 + 193 10 0 36,750 22,090

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 1, 2003Millions of dollars

Total Boston Cleveland Richmond Atlanta Chicago St. Louis New York Philadelphia 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 agreements4Loans

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 sec

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.

 11,039 2,200 839 693,097 656,196 656,186 241,601 414,585 10 36,750 151 8,691 1,594 37,876 0 755,336

Assets, liabilities, and capital

 4,706 874 36 317,492 280,742 280,737 103,365 177,373 4 36,750 0 632 189 13,559 - 4,669 332,818

 495 115 27 31,724 31,724 31,724 11,680 20,043 0 0 0 716 91 1,752 + 1,784 36,705

 380 83 38 20,515 20,515 20,515 7,553 12,962 0 0 0 568 52 1,078 - 1,114 21,600

 477 104 35 30,748 30,748 30,747 11,321 19,426 0 0 0 293 150 2,378 + 332 34,517

 808 147 100 50,463 50,463 50,463 18,580 31,883 1 0 0 661 143 6,062 + 887 59,272

 863 166 111 44,336 44,330 44,329 16,322 28,008 1 0 6 585 277 2,192 + 2,220 50,749

 982 212 106 66,346 66,309 66,308 24,414 41,894 1 0 37 528 120 3,525 - 7,161 64,658

 331 71 57 20,670 20,645 20,644 7,601 13,043 0 0 25 399 43 970 - 1,219 21,321

 2   14,6 14,6 14,6 5,3 9,2    4 1 1,1 +  16,7
 789,028

 119,110 669,918 669,918 11,039 2,200 656,679 0 692,946 22,094 670,851

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

 789,028 124,216 664,812 22,090 38,548 32,794 4,922 496 336 9,490 2,210 737,149 8,746 8,380 1,061 755,336

 35,209 5,697 29,512 1,068 4,464 4,454 0 2 9 607 126 35,777 448 436 44 36,705

 329,533 25,884 303,649 9,451 13,758 8,213 4,922 472 151 1,024 684 328,566 1,997 1,809 446 332,818

 27,713 9,213 18,501 691 1,204 1,203 0 1 0 586 91 21,073 255 233 39 21,600

 33,212 5,679 27,533 1,035 3,919 3,916 0 3 0 460 120 33,067 705 702 44 34,517

 59,260 10,586 48,674 1,699 3,721 3,549 0 7 164 698 242 55,033 2,073 2,073 92 59,272

 64,171 19,128 45,043 1,492 2,053 2,051 0 2 0 983 176 49,748 478 475 48 50,749

 66,917 10,678 56,239 2,232 3,328 3,324 0 3 1 735 223 62,757 917 858 126 64,658

 23,580 4,627 18,953 695 768 760 0 1 8 332 100 20,847 228 199 47 21,321

 15,8 1,7 14,1 4 8 8    4  16,0 3 3  16,7

H.4.1

4. Statement of Condition of Each Federal Reserve Bank on October 1, 2003 (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 eligible assets

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

 Oct 1, 2003

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.