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<PRE>FEDERAL RESERVE Statistical Release

H.4.1
Factors Affecting Reserve Balances of Depository Institutions and
Condition Statement of Federal Reserve Banks
                                                                                         September 29, 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           Sep 28, 2005 Sep 21, 2005 Sep 29, 2004 Sep 28, 2005
Federal Reserve Banks

Reserve Bank Credit                                         800,582    +     168    +  34,769      805,401
 Securities held outright                                   735,727    +   2,364    +  37,125      736,082       
    U.S. Treasury (1)                                       735,727    +   2,364    +  37,125      736,082
       Bills (2)                                            269,299    +   1,393    +  12,237      269,487
       Notes and bonds, nominal (2)                         443,540    +     947    +  19,399      443,697
       Notes and bonds, inflation-indexed (2)                19,983            0    +   4,721       19,983
       Inflation compensation (3)                             2,905    +      25    +     768        2,914
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    24,857    -   2,757    -   2,714       30,250
 Loans to depository institutions                               350    +      28    +      96          353
    Primary credit                                               12    +      11    +       3           17
    Secondary credit                                              0            0            0            0
    Seasonal credit                                             339    +      18    +      94          336
 Float                                                          354    +     351    +     237         -613
 Other Federal Reserve assets                                39,294    +     181    +      25       39,328
Gold stock                                                   11,041            0    -       2       11,041
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,485    +      14    +     220       36,485
       
Total factors supplying reserve funds                       850,308    +     182    +  34,986      855,127
                                                                   
Currency in circulation(5)                                  766,675    -     445    +  29,835      768,115
Reverse repurchase agreements (6)                            24,768    +     233    +     477       23,811
   Foreign official and international accounts               24,768    +     233    +     477       23,811
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          252            0    -      47          237
Deposits with F.R.Banks, other than reserve balances         13,936    -     943    -   1,702       13,042       
  U.S. Treasury, general account                              5,366    -     953    +     248        4,479
  Foreign official                                               84    +       2    -      26           83
  Service-related                                             8,237    -       1    -   1,926        8,237
     Required clearing balances                               8,237    -       1    -   1,926        8,237
     Adjustments to compensate for float                          0            0            0            0
  Other                                                         249    +       9    +       2          243
Other liabilities and capital                                31,062    +      81    +   7,668       30,719

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  836,693    -   1,074    +  36,231      835,923

Reserve balances with Federal Reserve Banks                  13,614    +   1,255    -   1,245       19,204
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,463,965    +   7,625    + 172,385    1,466,811
     U.S. Treasury                                        1,086,633    +   4,541    +  38,994    1,087,464
     Federal agency                                         377,332    +   3,084    + 133,391      379,347
  Securities lent to dealers                                  3,614    -   1,922    +   2,128        5,930   


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 Sep 28, 2005     Sep 21, 2005     Sep 29, 2004

Assets
Gold certificate account                                        11,037                0        -       2
Special drawing rights certificate account                       2,200                0                0
Coin                                                               708        +       8        -      69
Securities, repurchase agreements, and loans                   766,685        +  12,717        +  38,317
   Securities held outright                                    736,082        +   2,694        +  37,465
      U.S. Treasury (1)                                        736,082        +   2,694        +  37,465       
         Bills (2)                                             269,487        +   1,565        +  12,408
         Notes and bonds, nominal (2)                          443,697        +   1,104        +  19,556
         Notes and bonds, inflation-indexed (2)                 19,983                0        +   4,721
         Inflation compensation (3)                              2,914        +      25        +     779
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    30,250        +  10,000        +     750    
   Loans                                                           353        +      23        +     102
Items in process of collection                      (979)        6,193        -   1,735        +     591
Bank premises                                                    1,838        -       1        +     107
Other assets (5)                                                37,497        -      98        -     390
      Total assets                                  (979)      826,159        +  10,893        +  38,554
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  732,570        +     676        +  29,119
Reverse repurchase agreements (6)                               23,811        -     180        -     526
Deposits                                              (0)       32,607        +  10,898        +   1,903       
  Depository institutions                                       27,802        +  12,135        +   2,859
  U.S. Treasury, general account                                 4,479        -   1,239        -     957
  Foreign official                                                  83                0        +       2
  Other                                               (0)          243        +       3        -       2
Deferred availability cash items                    (979)        6,452        -     442        +     514
Other liabilities and accrued dividends (7)                      3,829        +      84        +   1,070
      Total liabilities                             (979)      799,269        +  11,036        +  32,081
                          
Capital Accounts
Capital paid in                                                 13,306        +       4        +   2,804
Surplus                                                         11,623        -       7        +   2,776
Other capital accounts                                           1,961        -     141        +     893
      Total capital                                             26,890        -     144        +   6,474


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, September 28, 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             329       58,488   -     116            0           0       30,250       23,811
16 days to 90 days          25      155,823   -     160            0           0            0            0
91 days to 1 year            0      176,589   +   1,841            0           0     ------      ------
Over 1 to 5 years     ------        215,465   +   1,114            0           0     ------      ------
Over 5 to 10 years    ------         52,592   +       4            0           0     ------      ------
Over 10 years         ------         77,125   +      10            0           0     ------      ------
                   		 	
All                        353      736,082   +   2,694            0           0       30,250      23,811

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 September 28, 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                                             708         18         55         39         55         62         99         91         38         17         59         71        104
Securities, repurchase agreements,
      and loans                              766,685     37,660    322,132     26,116     31,096     56,175     56,961     66,384     22,917     15,475     20,871     36,259     74,639
   Securities held outright                  736,082     37,660    291,882     26,112     31,096     56,175     56,947     66,288     22,841     15,374     20,819     36,253     74,634
      U.S. Treasury (1)                      736,082     37,660    291,882     26,112     31,096     56,175     56,947     66,288     22,841     15,374     20,819     36,253     74,634
         Bills (2)                           269,487     13,788    106,861      9,560     11,385     20,566     20,849     24,269      8,362      5,628      7,622     13,273     27,324
         Notes and bonds(3)                  466,595     23,872    185,021     16,552     19,711     35,609     36,098     42,019     14,479      9,745     13,197     22,980     47,310
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                30,250          0     30,250          0          0          0          0          0          0          0          0          0          0
      Loans                                      353          0          0          4          0          0         14         96         76        101         51          6          5
Items in process of collection                 7,172        395        437        315        386        382      1,744        286        266        255        785        510      1,411
Bank premises                                  1,838        109        205         54        157        143        273        203         68        120         79        263        165
Other assets(5)                               37,497      3,232     14,182      1,186      2,450      4,809      2,088      2,599        895        750        686        987      3,634
Interdistrict settlement account                   0    - 3,167    -16,009    + 6,501    +   726    + 4,007    + 3,127    + 2,070    +   183    -   929    +    41    - 3,951    + 7,401
          Total Assets                       827,138     38,872    326,231     34,725     35,427     66,562     65,404     72,773     24,765     15,930     22,904     34,786     88,759

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 September 28, 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             890,029     39,447    331,047     37,538     36,300     68,399     81,588     77,818     26,473     16,774     25,952     47,718    100,975
  Less: notes held by F.R. Banks              157,458      4,999     42,418      6,524      5,800     13,322     23,531     11,454      3,638      2,696      5,478     16,013     21,584
    Federal Reserve notes, net                732,570     34,447    288,628     31,014     30,500     55,076     58,058     66,364     22,835     14,078     20,473     31,705     79,391
Reverse repurchase agreements (1)              23,811      1,218      9,442        845      1,006      1,817      1,842      2,144        739        497        673      1,173      2,414
Deposits                                       32,607        839     18,732        940      1,082      1,894      2,489      1,727        454        299        651        788      2,712
  Depository institutions                      27,802        832     14,050        938      1,077      1,810      2,487      1,724        452        298        649        778      2,707
  U.S. Treasury, general account                4,479          0      4,479          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 83          5         54          1          4          7          2          3          1          1          1          0          4
  Other                                           243          2        149          0          2         77          0          0          1          0          1         10          0
Deferred availability cash items                7,431        647        687        540        553        566        929        429        219        448        635        608      1,171
Other liabilities and accrued                 
  dividends (2)                                 3,829        201      1,299        154        194        397        313        352        142        109        123        193        353
   
    Total liabilities                         800,248     37,353    318,788     33,492     33,335     59,751     63,630     71,017     24,388     15,430     22,557     34,467     86,041
                              
Capital                    
Capital paid in                                13,306        173      3,656        742      1,026      3,923        869        864        140        243        170        148      1,352
Surplus                                        11,623      1,346      3,430        294      1,065      2,148        516        763        236        254        153        135      1,283
Other capital                                   1,961          0        358        198          2        740        389        129          1          2         24         35         83
     Total liabilities and capital            827,138     38,872    326,231     34,725     35,427     66,562     65,404     72,773     24,765     15,930     22,904     34,786     88,759
                              

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
                                          Sep 28, 2005
              
Federal Reserve notes outstanding             890,029
   Less: Notes held by F.R. Banks
         not subject to collateralization     157,458
      Federal Reserve Notes to be
         collateralized                       732,570 
Collateral held against Federal Reserve            
   notes                                      732,570
   Gold certificate account                    11,037
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              719,334
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         766,332
   Less:face value of securities under
         reverse repurchase agreements         23,829
      U.S. Treasury and agency securities
             eligible to be pledged           742,503
   

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.</PRE><BR>
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