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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 16, 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 15, 2005  Jun 8, 2005 Jun 16, 2004 Jun 15, 2005
Federal Reserve Banks

Reserve Bank Credit                                         787,960    -   2,035    +  41,582      793,012
 Securities held outright                                   725,482    +      34    +  40,502      725,495       
    U.S. Treasury (1)                                       725,482    +      34    +  40,502      725,495
       Bills (2)                                            265,015            0    +  13,102      265,015
       Notes and bonds, nominal (2)                         438,678            0    +  21,984      438,678
       Notes and bonds, inflation-indexed (2)                19,108            0    +   4,644       19,108
       Inflation compensation (3)                             2,680    +      34    +     772        2,693
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    23,714    -   1,786    +     893       29,000
 Loans to depository institutions                               162    +      10    -       7          151
    Primary credit                                               14    +      12    -      20            0
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             148    -       2    +      13          151
 Float                                                         -721    -     422    -     361         -962
 Other Federal Reserve assets                                39,323    +     129    +     555       39,329
Gold stock                                                   11,041    -       1    -       4       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,629    +      14    +     647       36,629
       
Total factors supplying reserve funds                       837,830    -   2,021    +  42,225      842,882
                                                                   
Currency in circulation(5)                                  759,614    -   1,549    +  34,696      760,312
Reverse repurchase agreements (6)                            23,691    -     652    +   3,635       23,147
   Foreign official and international accounts               23,691    -     652    +   3,635       23,147
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          280    -       7    -      44          271
Deposits with F.R.Banks, other than reserve balances         14,606    +     574    -   2,268       18,802       
  U.S. Treasury, general account                              5,534    +     756    -     661        9,849
  Foreign official                                               93    -      11    -      39           91
  Service-related                                             8,608    -     222    -   1,687        8,608
     Required clearing balances                               8,608    -     222    -   1,687        8,608
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         372    +      51    +     120          255
Other liabilities and capital                                29,399    +     151    +   7,988       28,972

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  827,591    -   1,482    +  44,008      831,504

Reserve balances with Federal Reserve Banks                  10,240    -     538    -   1,782       11,377
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,436,334    +   4,697    + 209,022    1,436,087
     U.S. Treasury                                        1,091,824    +   3,008    +  98,339    1,092,127
     Federal agency                                         344,510    +   1,689    + 110,683      343,960
  Securities lent to dealers                                  5,166    +     767    +   4,240        5,614   


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 15, 2005      Jun 8, 2005     Jun 16, 2004

Assets
Gold certificate account                                        11,037                0        -       4
Special drawing rights certificate account                       2,200                0                0
Coin                                                               629        +      17        -     115
Securities, repurchase agreements, and loans                   754,645        -   1,465        +  50,478
   Securities held outright                                    725,495        +      35        +  40,502
      U.S. Treasury (1)                                        725,495        +      35        +  40,502       
         Bills (2)                                             265,015                0        +  13,093
         Notes and bonds, nominal (2)                          438,678                0        +  21,984
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   4,644
         Inflation compensation (3)                              2,693        +      34        +     781
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    29,000        -   1,500        +  10,000    
   Loans                                                           151        +       2        -      23
Items in process of collection                    (1,037)        5,333        -   1,404        -     544
Bank premises                                                    1,823        +       2        +     135
Other assets (5)                                                37,492        -     108        +     376
      Total assets                                (1,037)      813,159        -   2,958        +  50,325
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  724,579        -   1,122        +  33,965
Reverse repurchase agreements (6)                               23,147        -     809        +   5,176
Deposits                                              (0)       30,165        -     195        +   3,519       
  Depository institutions                                       19,971        -   5,151        +     763
  U.S. Treasury, general account                                 9,849        +   5,223        +   2,782
  Foreign official                                                  91        -      21        -      41
  Other                                               (0)          255        -     246        +      17
Deferred availability cash items                  (1,037)        6,295        -     411        -      63
Other liabilities and accrued dividends (7)                      3,502        +       1        +   1,025
      Total liabilities                           (1,037)      787,689        -   2,536        +  43,624
                          
Capital Accounts
Capital paid in                                                 12,921        +      17        +   3,702
Surplus                                                         11,396        -      44        +   2,549
Other capital accounts                                           1,152        -     396        +     450
      Total capital                                             25,470        -     422        +   6,702


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 15, 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              29       61,853   +   7,238            0           0       29,000       23,147
16 days to 90 days         122      155,574   -   7,056            0           0            0            0
91 days to 1 year            0      159,709   -     182            0           0     ------      ------
Over 1 to 5 years     ------        216,552   +      14            0           0     ------      ------
Over 5 to 10 years    ------         53,769   +       5            0           0     ------      ------
Over 10 years         ------         78,038   +      15            0           0     ------      ------
                   		 	
All                        151      725,495   +      35            0           0       29,000      23,147

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 15, 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                                             629         20         38         47         45         49         83        103         33         19         43         53         97
Securities, repurchase agreements,
      and loans                              754,645     37,119    316,684     25,737     30,649     55,367     56,131     65,406     22,521     15,197     20,536     35,735     73,565
   Securities held outright                  725,495     37,119    287,684     25,737     30,649     55,367     56,128     65,334     22,513     15,152     20,520     35,732     73,561
      U.S. Treasury (1)                      725,495     37,119    287,684     25,737     30,649     55,367     56,128     65,334     22,513     15,152     20,520     35,732     73,561
         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)                  460,480     23,560    182,596     16,335     19,453     35,142     35,625     41,468     14,289      9,617     13,024     22,679     46,690
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                29,000          0     29,000          0          0          0          0          0          0          0          0          0          0
      Loans                                      151          0          0          0          0          0          3         71          8         44         16          3          4
Items in process of collection                 6,369        310        342        399        567        488        588        331        196        333        595        364      1,857
Bank premises                                  1,823        105        202         54        158        143        274        188         63        121         86        264        166
Other assets(5)                               37,492      3,248     14,141      1,183      2,462      4,870      2,057      2,596        888        751        680        976      3,639
Interdistrict settlement account                   0    - 1,874    - 7,340    + 4,896    +   900    + 4,665    + 2,929    + 3,093    +   465    -   446    +   371    - 3,814    - 3,844
          Total Assets                       814,195     39,553    329,296     32,830     35,337     66,565     63,172     72,856     24,564     16,218     22,694     34,225     76,886

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 15, 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             864,838     39,715    337,344     36,571     35,225     66,875     79,918     75,958     25,192     16,317     24,989     39,801     86,932
  Less: notes held by F.R. Banks              140,258      4,195     42,024      6,657      5,277     12,223     23,042      9,732      2,874      2,026      4,677      8,253     19,279
    Federal Reserve notes, net                724,579     35,520    295,319     29,915     29,949     54,652     56,876     66,226     22,318     14,291     20,312     31,548     67,653
Reverse repurchase agreements (1)              23,147      1,184      9,179        821        978      1,766      1,791      2,084        718        483        655      1,140      2,347
Deposits                                       30,165        847     15,514        861      1,410      2,764      1,891      2,159        556        343        757        726      2,336
  Depository institutions                      19,971        839      5,445        860      1,406      2,670      1,889      2,156        553        342        756        725      2,332
  U.S. Treasury, general account                9,849          0      9,849          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 91          5         63          1          4          7          2          3          1          1          1          0          4
  Other                                           255          4        158          0          1         87          0          1          2          0          1          0          0
Deferred availability cash items                7,332        510        785        477        629        537        972        353        174        489        542        318      1,546
Other liabilities and accrued                 
  dividends (2)                                 3,502        178      1,163        131        190        390        280        329        134        102        108        178        318
   
    Total liabilities                         788,725     38,240    321,961     32,205     33,156     60,110     61,809     71,152     23,900     15,708     22,374     33,910     74,200
                              
Capital                    
Capital paid in                                12,921        173      3,618        308      1,127      3,958        665        845        330        253        156        148      1,340
Surplus                                        11,396      1,130      3,430        294      1,055      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,152         11        288         22          0        350        182         96         98          2         10         31         63
     Total liabilities and capital            814,195     39,553    329,296     32,830     35,337     66,565     63,172     72,856     24,564     16,218     22,694     34,225     76,886
                              

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 15, 2005
              
Federal Reserve notes outstanding             864,838
   Less: Notes held by F.R. Banks
         not subject to collateralization     140,258
      Federal Reserve Notes to be
         collateralized                       724,579 
Collateral held against Federal Reserve            
   notes                                      724,579
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              711,343
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         754,495
   Less:face value of securities under
         reverse repurchase agreements         23,164
      U.S. Treasury and agency securities
             eligible to be pledged           731,330
   

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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