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`FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                              June 30, 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 29, 2005 Jun 22, 2005 Jun 30, 2004 Jun 29, 2005
Federal Reserve Banks

Reserve Bank Credit                                         788,567    +     713    +  36,311      792,084
 Securities held outright                                   726,009    +     100    +  38,910      726,022       
    U.S. Treasury (1)                                       726,009    +     100    +  38,910      726,022
       Bills (2)                                            265,015            0    +  11,007      265,015
       Notes and bonds, nominal (2)                         438,678            0    +  21,984      438,678
       Notes and bonds, inflation-indexed (2)                19,533    +      60    +   5,069       19,533
       Inflation compensation (3)                             2,782    +      39    +     850        2,795
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    23,107    +     821    -   2,143       26,000
 Loans to depository institutions                               215    +      35    -       7          247
    Primary credit                                               19    -       3    -      39           29
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             196    +      38    +      32          218
 Float                                                         -789    -     559    -     781         -294
 Other Federal Reserve assets                                40,025    +     315    +     332       40,110
Gold stock                                                   11,041            0    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,657    +      14    +     618       36,657
       
Total factors supplying reserve funds                       838,465    +     727    +  36,925      841,982
                                                                   
Currency in circulation(5)                                  759,941    +     901    +  30,531      763,437
Reverse repurchase agreements (6)                            24,311    +     894    +   5,817       24,237
   Foreign official and international accounts               24,311    +     894    +   5,817       24,237
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          244    -      24    -      63          237
Deposits with F.R.Banks, other than reserve balances         13,373    -     569    -   3,802       12,787       
  U.S. Treasury, general account                              4,726    -     256    -   1,235        4,173
  Foreign official                                              103    +       7    -      15           83
  Service-related                                             8,279    -     327    -   2,582        8,279
     Required clearing balances                               8,279    -     327    -   2,582        8,279
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         265    +       7    +      30          252
Other liabilities and capital                                29,713    +     209    +   7,788       29,390

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  827,582    +   1,411    +  40,272      830,088

Reserve balances with Federal Reserve Banks                  10,883    -     684    -   3,347       11,894
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,440,219    +   3,672    + 214,760    1,439,204
     U.S. Treasury                                        1,088,546    -   3,052    +  97,012    1,084,876
     Federal agency                                         351,673    +   6,725    + 117,748      354,329
  Securities lent to dealers                                  3,443    -     650    +   1,147        3,701   


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 29, 2005     Jun 22, 2005     Jun 30, 2004

Assets
Gold certificate account                                        11,037                0        -       3
Special drawing rights certificate account                       2,200                0                0
Coin                                                               627        -      15        -     117
Securities, repurchase agreements, and loans                   752,268        -     166        +  31,055
   Securities held outright                                    726,022        +      35        +  38,631
      U.S. Treasury (1)                                        726,022        +      35        +  38,631       
         Bills (2)                                             265,015                0        +  10,720
         Notes and bonds, nominal (2)                          438,678                0        +  21,984
         Notes and bonds, inflation-indexed (2)                 19,533                0        +   5,069
         Inflation compensation (3)                              2,795        +      35        +     859
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    26,000        -     250        -   7,500    
   Loans                                                           247        +      50        -      76
Items in process of collection                      (886)        5,859        +      40        -     102
Bank premises                                                    1,831        +       2        +     129
Other assets (5)                                                38,241        -     202        +     477
      Total assets                                  (886)      812,064        -     338        +  31,440
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  727,640        +   3,312        +  29,454
Reverse repurchase agreements (6)                               24,237        +     875        +   5,009
Deposits                                              (0)       24,635        -   4,477        -  11,531       
  Depository institutions                                       20,127        -   3,535        -   9,501
  U.S. Treasury, general account                                 4,173        -     926        -   1,859
  Foreign official                                                  83        -       1        -     197
  Other                                               (0)          252        -      15        +      26
Deferred availability cash items                    (886)        6,162        -      12        +     317
Other liabilities and accrued dividends (7)                      3,619        +      66        +   1,353
      Total liabilities                             (886)      786,292        -     236        +  24,600
                          
Capital Accounts
Capital paid in                                                 12,936        +       1        +   3,710
Surplus                                                         11,456        +       5        +   2,609
Other capital accounts                                           1,379        -     109        +     520
      Total capital                                             25,771        -     103        +   6,839


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 29, 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             221       60,564   -     976            0           0       26,000       24,237
16 days to 90 days          26      157,412   +   1,392            0           0            0            0
91 days to 1 year            0      159,160   -     416            0           0     ------      ------
Over 1 to 5 years     ------        216,580   +      14            0           0     ------      ------
Over 5 to 10 years    ------         54,151   +       6            0           0     ------      ------
Over 10 years         ------         78,155   +      15            0           0     ------      ------
                   		 	
All                        247      726,022   +      35            0           0       26,000      24,237

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 29, 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                                             627         17         35         35         46         49         87        100         36         17         49         61         94
Securities, repurchase agreements,
      and loans                              752,268     37,145    313,902     25,755     30,671     55,407     56,180     65,471     22,558     15,228     20,553     35,762     73,636
   Securities held outright                  726,022     37,145    287,893     25,755     30,671     55,407     56,169     65,382     22,529     15,163     20,535     35,758     73,614
      U.S. Treasury (1)                      726,022     37,145    287,893     25,755     30,671     55,407     56,169     65,382     22,529     15,163     20,535     35,758     73,614
         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)                  461,007     23,587    182,805     16,354     19,475     35,182     35,666     41,516     14,305      9,628     13,039     22,705     46,743
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                26,000          0     26,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      247          0         10          0          0          0         11         90         29         64         18          4         22
Items in process of collection                 6,745        454        331        270        686        321        896        385        249        300        811        503      1,538
Bank premises                                  1,831        105        202         54        158        143        273        195         63        121         87        264        166
Other assets(5)                               38,241      3,277     14,430      1,210      2,491      4,925      2,141      2,657        907        768        704      1,018      3,713
Interdistrict settlement account                   0    - 1,909    -12,747    + 6,557    +   431    + 4,416    + 3,335    + 3,575    +   742    -   179    +   760    - 2,533    - 2,448
          Total Assets                       812,950     39,715    321,383     34,397     35,039     66,244     64,024     73,523     24,952     16,496     23,348     35,722     78,106

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 29, 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             867,892     39,417    336,214     36,975     35,126     67,053     81,217     76,124     25,503     16,595     25,451     40,911     87,307
  Less: notes held by F.R. Banks              140,253      3,947     42,930      6,077      5,016     12,089     23,882      9,474      2,820      2,222      4,665      8,115     19,015
    Federal Reserve notes, net                727,640     35,469    293,284     30,898     30,110     54,964     57,335     66,650     22,683     14,373     20,786     32,796     68,291
Reverse repurchase agreements (1)              24,237      1,240      9,611        860      1,024      1,850      1,875      2,183        752        506        686      1,194      2,457
Deposits                                       24,635        913      9,180      1,417        921      2,026      2,386      2,271        543        452        753        806      2,967
  Depository institutions                      20,127        906      4,782      1,416        917      1,945      2,384      2,268        541        451        751        803      2,963
  U.S. Treasury, general account                4,173          0      4,173          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 83          5         55          1          4          7          2          3          1          1          1          0          4
  Other                                           252          2        170          1          1         74          0          0          1          0          1          2          0
Deferred availability cash items                7,048        561        686        457        571        480        762        356        172        546        686        428      1,343
Other liabilities and accrued                 
  dividends (2)                                 3,619        180      1,193        135        197        419        285        339        140        106        113        180        332
   
    Total liabilities                         787,179     38,363    313,954     33,767     32,823     59,739     62,643     71,798     24,290     15,983     23,024     35,404     75,391
                              
Capital                    
Capital paid in                                12,936        173      3,627        308      1,127      3,958        669        845        330        253        157        149      1,341
Surplus                                        11,456      1,179      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,379          0        373         28         25        399        196        117         96          6         14         35         91
     Total liabilities and capital            812,950     39,715    321,383     34,397     35,039     66,244     64,024     73,523     24,952     16,496     23,348     35,722     78,106
                              

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 29, 2005
              
Federal Reserve notes outstanding             867,892
   Less: Notes held by F.R. Banks
         not subject to collateralization     140,253
      Federal Reserve Notes to be
         collateralized                       727,640 
Collateral held against Federal Reserve            
   notes                                      727,640
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              714,403
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         752,022
   Less:face value of securities under
         reverse repurchase agreements         24,256
      U.S. Treasury and agency securities
             eligible to be pledged           727,766
   

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.`

Statistical releases

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