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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
                                                                                          February 10, 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            Feb 9, 2005  Feb 2, 2005 Feb 11, 2004  Feb 9, 2005
Federal Reserve Banks

Reserve Bank Credit                                         776,603    -   7,627    +  47,065      777,858
 Securities held outright                                   717,886    +      31    +  49,184      717,879       
    U.S. Treasury (1)                                       717,886    +      31    +  49,184      717,879
       Bills (2)                                            263,005    +      25    +  17,373      263,005
       Notes and bonds, nominal (2)                         433,429    -   1,714    +  25,971      433,429
       Notes and bonds, inflation-indexed (2)                19,108    +   1,714    +   5,114       19,108
       Inflation compensation (3)                             2,343    +       6    +     726        2,336
    Federal agency (2)                                            0            0            0            0      
 Repurchase agreements(4)                                    16,143    -  10,178    -   1,143       14,500
 Loans to depository institutions                                37    -      24    +       9           30
    Primary credit                                               22    -      20    +       3           17
    Secondary credit                                              0            0            0            0
    Seasonal credit                                              15    -       4    +       6           13
 Float                                                          316    +     250    -   1,226        3,259
 Other Federal Reserve assets                                42,221    +   2,294    +     240       42,191
Gold stock                                                   11,042    -       1    -       1       11,042
Special drawing rights certificate account                    2,200            0            0        2,200
Treasury currency outstanding (5)                            36,575    +      14    +     988       36,575
       
Total factors supplying reserve funds                       826,420    -   7,613    +  48,052      827,676
                                                                   
Currency in circulation(5)                                  750,277    +   3,139    +  37,763      752,427
Reverse repurchase agreements (6)                            26,615    -     190    +   6,164       28,355
   Foreign official and international accounts               26,615    -     190    +   6,164       28,355
   Dealers                                                        0            0            0            0
Treasury cash holdings                                          290    +      18    -      62          282
Deposits with F.R.Banks, other than reserve balances         15,066    +     638    -   2,014       14,890       
  U.S. Treasury, general account                              4,913    -     157    -     439        4,747
  Foreign official                                               89    -       8    +       9           85
  Service-related                                             9,772    +     827    -   1,468        9,772
     Required clearing balances                               9,772    +     827    -   1,165        9,772
     Adjustments to compensate for float                          0            0    -     303            0
  Other                                                         292    -      24    -     116          287
Other liabilities and capital                                26,703    +      88    +   6,153       26,476

Total factors, other than reserve balances,                                        
   absorbing reserve funds                                  818,952    +   3,694    +  48,005      822,430

Reserve balances with Federal Reserve Banks                   7,469    -  11,306    +      48        5,246
                                                                

Memo (off-balance-sheet items):
  Marketable securities held in custody for foreign
         official and international accounts(2,7)         1,340,236    -   6,259    + 214,688    1,339,388
     U.S. Treasury                                        1,053,668    -   8,132    + 157,061    1,053,934
     Federal agency                                         286,567    +   1,872    +  57,626      285,454
  Securities lent to dealers                                  2,264    -   1,375    +   1,172        4,986   


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  Feb 9, 2005      Feb 2, 2005     Feb 11, 2004

Assets
Gold certificate account                                        11,038                0                0
Special drawing rights certificate account                       2,200                0                0
Coin                                                               831        +      25        -      44
Securities, repurchase agreements, and loans                   732,408        -   9,823        +  43,789
   Securities held outright                                    717,879        -      19        +  48,028
      U.S. Treasury (1)                                        717,879        -      19        +  48,028       
         Bills (2)                                             263,005                0        +  17,158
         Notes and bonds, nominal (2)                          433,429                0        +  25,035
         Notes and bonds, inflation-indexed (2)                 19,108                0        +   5,114
         Inflation compensation (3)                              2,336        -      20        +     720
      Federal agency (2)                                             0                0                0
   Repurchase agreements (4)                                    14,500        -   9,750        -   4,250    
   Loans                                                            30        -      53        +      12
Items in process of collection                    (1,321)       10,312        +   2,366        +   3,438
Bank premises                                                    1,783        +       2        +     138
Other assets (5)                                                40,369        +       3        -     262
      Total assets                                (1,321)      798,942        -   7,426        +  47,059
                          
Liabilities
Federal Reserve notes net of FR Bank holdings                  716,961        +   2,712        +  36,691
Reverse repurchase agreements (6)                               28,355        +     483        +   8,296
Deposits                                              (0)       20,097        -   9,644        -   3,311       
  Depository institutions                                       14,979        -   9,200        -   2,709
  U.S. Treasury, general account                                 4,747        -     350        -     500
  Foreign official                                                  85        -      71        +       3
  Other                                               (0)          287        -      22        -     103
Deferred availability cash items                  (1,321)        7,053        -     903        -     456
Other liabilities and accrued dividends (7)                      2,930        +      96        +     673
      Total liabilities                           (1,321)      775,396        -   7,256        +  41,893
                          
Capital Accounts
Capital paid in                                                 12,438        +       1        +   3,544
Surplus                                                         10,906        -      90        +   2,059
Other capital accounts                                             201        -      82        -     438
      Total capital                                             23,546        -     170        +   5,166


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,   February 9, 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              19       54,759   -     409            0           0       14,500       28,355
16 days to 90 days          11      157,604   +     874            0           0            0            0
91 days to 1 year            0      167,189   -     465            0           0     ------      ------
Over 1 to 5 years     ------        207,747   -       7            0           0     ------      ------
Over 5 to 10 years    ------         51,782   -       4            0           0     ------      ------
Over 10 years         ------         78,797   -       9            0           0     ------      ------
                   		 	
All                         30      717,879   -      19            0           0       14,500      28,355

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   February 9, 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                      11,038        494      4,648        382        452        819        894        924        325        218        302        525      1,055
Special drawing rights certificate acct.       2,200        115        874         83        104        147        166        212         71         30         66         98        234
Coin                                             831         23         53         66         59         75         91        125         36         26         55         90        133
Securities, repurchase agreements,
      and loans                              732,408     33,710    325,791     21,355     30,675     54,562     48,413     64,674     21,091     15,659     18,866     32,732     64,882
   Securities held outright                  717,879     33,710    311,282     21,351     30,675     54,562     48,412     64,665     21,091     15,658     18,865     32,732     64,877
      U.S. Treasury (1)                      717,879     33,710    311,282     21,351     30,675     54,562     48,412     64,665     21,091     15,658     18,865     32,732     64,877
         Bills (2)                           263,005     12,350    114,042      7,822     11,238     19,990     17,736     23,691      7,727      5,736      6,911     11,992     23,769
         Notes and bonds(3)                  454,873     21,360    197,239     13,529     19,437     34,572     30,675     40,974     13,364      9,921     11,953     20,740     41,108
         Federal agency (2)                        0          0          0          0          0          0          0          0          0          0          0          0          0
      Repurchase agreements(4)                14,500          0     14,500          0          0          0          0          0          0          0          0          0          0
      Loans                                       30          0          9          3          0          0          1          9          1          1          1          0          6
Items in process of collection                11,633        463        803        619      1,164        586      1,635        802        758        523        799        954      2,526
Bank premises                                  1,783        101        197         53        157        143        275        165         63        122         82        256        167
Other assets(5)                               40,369      3,400     15,785      1,085      2,649      5,191      2,150      2,835        948        825        720      1,016      3,766
Interdistrict settlement account                   0    + 3,031    -21,004    + 5,279    -   388    +   713    + 7,213    +   144    + 1,278    -   811    + 1,345    +   817    + 2,382
          Total Assets                       800,263     41,337    327,148     28,921     34,872     62,236     60,837     69,881     24,570     16,593     22,233     36,488     75,145

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   February 9, 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             854,576     40,239    342,006     34,068     34,782     64,422     73,142     72,668     24,866     16,377     24,559     40,479     86,969
  Less: notes held by F.R. Banks              137,616      4,797     43,400      8,089      5,110     12,167     17,852      9,203      2,648      1,953      4,517      6,836     21,045
    Federal Reserve notes, net                716,961     35,442    298,606     25,980     29,672     52,254     55,290     63,465     22,218     14,425     20,042     33,643     65,924
Reverse repurchase agreements (1)              28,355      1,331     12,295        843      1,212      2,155      1,912      2,554        833        618        745      1,293      2,563
Deposits                                       20,097      1,161      7,379        768      1,013      2,300      1,537      1,521        568        462        637        656      2,095
  Depository institutions                      14,979      1,146      2,408        766      1,008      2,193      1,535      1,518        566        461        636        653      2,090
  U.S. Treasury, general account                4,747          0      4,747          0          0          0          0          0          0          0          0          0          0
  Foreign official                                 85          5         57          1          4          7          2          3          1          1          1          0          4
  Other                                           287         10        168          2          0        100          0          0          2          0          1          3          0
Deferred availability cash items                8,374        699        900        631        889        603        900        479        165        489        400        466      1,753
Other liabilities and accrued                 
  dividends (2)                                 2,930        162      1,024        102        158        278        234        279        113         91         96        147        244
   
    Total liabilities                         776,717     38,795    320,204     28,325     32,943     57,591     59,872     68,298     23,898     16,085     21,921     36,205     72,579
                              
Capital                    
Capital paid in                                12,438      1,638      3,431        298      1,091      2,538        426        787        400        253        154        135      1,287
Surplus                                        10,906        901      3,430        294        838      2,107        516        763        236        254        153        135      1,279
Other capital                                     201          2         83          4          0          0         23         33         37          0          6         12          0
     Total liabilities and capital            800,263     41,337    327,148     28,921     34,872     62,236     60,837     69,881     24,570     16,593     22,233     36,488     75,145
                              

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
                                           Feb 9, 2005
              
Federal Reserve notes outstanding             854,576
   Less: Notes held by F.R. Banks
         not subject to collateralization     137,616
      Federal Reserve Notes to be
         collateralized                       716,961 
Collateral held against Federal Reserve            
   notes                                      716,961
   Gold certificate account                    11,038
   Special drawing rights                 
     certificate account                        2,200
   U.S. Treasury and agency securities   
     pledged (1)                              703,723
   Other assets pledged                             0

Memo:
Total U.S. Treasury and agency 
       securities (1)                         732,379
   Less:face value of securities under
         reverse repurchase agreements         28,374
      U.S. Treasury and agency securities
             eligible to be pledged           704,005
   

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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