Reserve Bank credit, related items, and

reserve balances of depository institutions

at Federal Reserve Banks

Reserve Bank credit 792,010 - 3,787 + 36,602 790,828

Securities held outright 724,714 - 5 + 34,940 724,712

U.S. Treasury1 724,714 - 5 + 34,940 724,712

Bills2 265,015 0 + 9,991 265,015

Notes and bonds, nominal2 437,374 0 + 19,123 437,374

Notes and bonds, inflation-indexed2 19,533 0 + 5,012 19,533

Inflation compensation3 2,792 - 5 + 815 2,790

Federal agency2 0 0 0 0

Repurchase agreements4 26,893 - 3,178 + 1,643 25,250

Loans to depository institutions 275 - 470 + 32 238

Primary credit 51 - 488 - 2 11

Secondary credit 0 0 0 0

Seasonal credit 224 + 18 + 33 228

Float 23 - 491 + 232 264

Other Federal Reserve assets 40,105 + 357 - 245 40,363

Gold stock 11,041 0 - 4 11,041

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

Treasury currency outstanding5 36,629 + 14 + 570 36,629

Total factors supplying reserve funds 841,880 - 3,773 + 37,169 840,698

Currency in circulation5 765,786 - 715 + 29,536 765,478

Reverse repurchase agreements6 25,416 - 351 + 5,649 25,597

Foreign official and international accounts 25,416 - 351 + 5,649 25,597

Dealers 0 0 0 0

Treasury cash holdings 237 0 - 65 235

Deposits with F.R. Banks, other than reserve balances 14,216 + 1,686 - 1,409 14,200

U.S. Treasury, general account 4,843 + 1,003 + 9 4,790

Foreign official 86 - 39 + 6 100

Service-related 9,006 + 728 - 1,417 9,006

Required clearing balances 9,006 + 728 - 1,416 9,006

Adjustments to compensate for float 0 0 0 0

Other 281 - 6 - 7 304

Other liabilities and capital 29,612 + 569 + 7,899 29,632

Total factors, other than reserve balances,

absorbing reserve funds 835,266 + 1,188 + 41,608 835,142

Reserve balances with Federal Reserve Banks 6,614 - 4,961 - 4,440 5,555

Memo (off-balance-sheet items):

Marketable securities held in custody for foreign

 official and international accounts2,7 1,442,624 + 4,650 + 208,616 1,443,055

U.S. Treasury 1,092,727 + 6,791 + 95,679 1,091,724

Federal agency 349,897 - 2,141 + 112,937 351,331

Securities lent to dealers 2,889 - 2,467 + 2,314 2,874

FEDERAL RESERVE statistical release

 July 14, 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 13, 2005 Week ended

 Jul 13, 2005 Jul 6, 2005 Jul 14, 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 612 + 4 - 98

Securities, repurchase agreements, and loans 750,201 - 8,738 + 34,132

Securities held outright 724,712 - 5 + 34,403

U.S. Treasury1 724,712 - 5 + 34,403

Bills2 265,015 0 + 9,837

Notes and bonds, nominal2 437,374 0 + 19,123

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

Inflation compensation3 2,790 - 6 + 773

Federal agency2 0 0 0

Repurchase agreements4 25,250 - 8,750 - 250

Loans 238 + 16 - 22

Items in process of collection (665) 6,442 - 4,476 + 438

Bank premises 1,814 - 2 + 117

Other assets5 38,565 + 532 - 333

Total assets (665) 810,870 - 12,681 + 34,252

Liabilities

Federal Reserve notes, net of F.R. Bank holdings 729,691 - 2,826 + 28,564

Reverse repurchase agreements6 25,597 + 1,133 + 5,762

Deposits (0) 19,771 - 9,573 - 8,460

Depository institutions 14,577 - 9,847 - 7,854

U.S. Treasury, general account 4,790 + 246 - 579

Foreign official 100 + 18 + 19

Other (0) 304 + 9 - 45

Deferred availability cash items (665) 6,178 - 2,254 + 70

Other liabilities and accrued dividends7 3,269 + 44 + 883

Total liabilities (665) 784,507 - 13,475 + 26,820

Capital accounts

Capital paid in 13,369 + 430 + 4,118

Surplus 11,482 + 45 + 2,635

Other capital accounts 1,513 + 319 + 680

Total capital 26,363 + 794 + 7,432

H.4.1

2. Consolidated Statement of Condition of All Federal Reserve Banks

Millions of dollars

Change since

Wednesday

 Jul 14, 2004

Eliminations from

consolidation Wednesday

 Jul 13, 2005

Wednesday

 Jul 6, 2005

3. Maturity Distribution of Loans and Securities, July 13, 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 37 50,577 - 976 0 0 25,250 25,597

16 days to 90 days 201 166,206 + 935 0 0 0 0

91 days to 1 year 0 160,378 + 40 0 0 . . . . . . 

Over 1 year to 5 years . . . 215,248 - 2 0 0 . . . . . . 

Over 5 years to 10 years . . . 54,150 - 1 0 0 . . . . . . 

Over 10 years . . . 78,153 - 3 0 0 . . . . . . 

All 238 724,712 - 5 0 0 25,250 25,597

Assets, liabilities, and capital

Maturity
H.4.1

4. Statement of Condition of Each Federal Reserve Bank on July 13, 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 2,200 612 750,201 724,712 724,712 265,015 459,698 0 25,250 238 7,107 1,814 38,565 0 811,535

Assets, liabilities, and capital

 4,355 874 34 312,629 287,374 287,374 105,088 182,286 0 25,250 5 369 202 14,567 -13,439 319,590

 510 115 15 37,078 37,078 37,078 13,559 23,520 0 0 0 611 106 3,283 - 1,892 39,826

 432 83 30 25,709 25,709 25,709 9,401 16,308 0 0 0 414 54 1,222 + 6,284 34,228

 453 104 48 30,616 30,616 30,616 11,196 19,420 0 0 0 600 158 2,496 + 361 34,836

 836 147 51 55,308 55,308 55,308 20,225 35,083 0 0 0 480 143 4,927 + 4,391 66,283

 945 166 84 56,078 56,068 56,068 20,503 35,565 0 0 11 668 274 2,203 + 3,559 63,977

 928 212 96 65,345 65,264 65,264 23,866 41,398 0 0 81 184 190 2,686 + 3,272 72,914

 327 71 36 22,523 22,488 22,488 8,224 14,265 0 0 34 204 64 918 + 444 24,586

 2   15,2 15,1 15,1 5,5 9,6    3 1 7 - 4 16,2
 870,267

 140,575 729,691 729,691 11,037 2,200 716,455 0 749,962 25,619 724,343

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.

 870,267 140,575 729,691 25,597 19,771 14,577 4,790 100 304 6,843 3,269 785,172 13,369 11,482 1,513 811,535

 39,399 3,877 35,522 1,310 825 817 0 5 4 614 177 38,448 173 1,205 0 39,826

 335,861 44,147 291,714 10,150 8,433 3,390 4,790 72 181 694 1,104 312,095 3,627 3,430 439 319,590

 36,942 5,856 31,086 908 617 616 0 1 0 425 129 33,166 734 294 35 34,228

 35,126 4,913 30,213 1,081 639 634 0 4 1 503 166 32,603 1,128 1,065 40 34,836

 66,991 11,922 55,069 1,954 1,889 1,768 0 7 114 529 305 59,745 3,960 2,148 431 66,283

 81,239 23,426 57,813 1,980 1,549 1,547 0 2 0 748 274 62,364 862 516 235 63,977

 76,117 9,495 66,622 2,305 1,573 1,570 0 3 0 366 313 71,178 845 763 127 72,914

 25,463 2,864 22,599 794 507 504 0 1 2 168 129 24,197 138 236 16 24,586

 16,5 2,2 14,3 5 3 3    4  15,7 2 2  16,2

H.4.14. Statement of Condition of Each Federal Reserve Bank on July 13, 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 13, 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.