H.4.1 Factors Affecting Reserve Balances of Depository Institutions

FEDERAL RESERVE statistical release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 17, 2005 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Reserve Bank credit, related items, and Averages of daily figures reserve balances of depository institutions Week ended Change from week ended Wednesday at Federal Reserve Banks Nov 16, 2005 Nov 9, 2005 Nov 17, 2004 Nov 16, 2005 Reserve Bank credit 808,873 + 9,549 + 30,292 803,830 Securities held outright 742,075 + 1,039 + 32,807 742,878 U.S. Treasury1 742,075 + 1,039 + 32,807 742,878 Bills2 271,018 + 199 + 11,286 271,018 Notes and bonds, nominal2 447,906 + 771 + 16,236 448,688 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983 Inflation compensation3 3,168 + 70 + 986 3,188 Federal agency2 0 0 0 0 Repurchase agreements4 25,607 + 7,750 - 1,500 20,000 Loans to depository institutions 152 + 33 - 359 107 Primary credit 46 + 43 - 385 7 Secondary credit 0 0 0 0 Seasonal credit 106 - 10 + 26 100 Float 1,697 + 1,462 + 946 3,962 Other Federal Reserve assets 39,343 - 735 - 1,600 36,883 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,513 + 14 + 114 36,513 Total factors supplying reserve funds 858,627 + 9,563 + 30,403 853,583 Currency in circulation5 776,271 + 5,351 + 27,809 776,870 Reverse repurchase agreements6 25,557 + 598 - 1,792 25,318 Foreign official and international accounts 25,557 + 598 - 1,792 25,318 Dealers 0 0 0 0 Treasury cash holdings 219 - 6 - 81 211 Deposits with F.R. Banks, other than reserve balances 13,713 - 424 - 1,496 13,599 U.S. Treasury, general account 4,522 - 480 - 302 4,416 Foreign official 88 + 3 - 5 81 Service-related 8,841 + 60 - 1,121 8,841 Required clearing balances 8,825 + 44 - 1,137 8,825 Adjustments to compensate for float 16 + 16 + 16 16 Other 262 - 8 - 69 261 Other liabilities and capital 31,741 + 167 + 7,199 31,550 Total factors, other than reserve balances, absorbing reserve funds 847,502 + 5,686 + 31,640 847,547 Reserve balances with Federal Reserve Banks 11,125 + 3,877 - 1,237 6,036 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,488,059 + 10,246 + 174,350 1,495,310 U.S. Treasury 1,090,845 + 6,911 + 28,572 1,096,777 Federal agency 397,214 + 3,335 + 145,778 398,533 Securities lent to dealers 2,989 - 1,354 + 963 3,801 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.

H.4.1 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of dollars Change since Eliminations from Assets, liabilities, and capital consolidation Wednesday Wednesday Wednesday Nov 16, 2005 Nov 9, 2005 Nov 17, 2004 Assets Gold certificate account 11,036 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 728 - 2 - 28 Securities, repurchase agreements, and loans 762,985 - 3,363 + 28,769 Securities held outright 742,878 + 1,161 + 32,744 U.S. Treasury1 742,878 + 1,161 + 32,744 Bills2 271,018 0 + 11,279 Notes and bonds, nominal2 448,688 + 1,096 + 16,162 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 Inflation compensation3 3,188 + 66 + 1,002 Federal agency2 0 0 0 Repurchase agreements4 20,000 - 4,500 - 4,000 Loans 107 - 24 + 25 Items in process of collection (1,189) 11,969 + 4,862 + 3,741 Bank premises 1,841 - 1 + 94 Other assets5 35,126 - 3,162 - 2,197 Total assets (1,189) 825,885 - 1,667 + 30,376 Liabilities Federal Reserve notes, net of F.R. Bank holdings 741,291 + 1,681 + 27,755 Reverse repurchase agreements6 25,318 + 297 - 2,411 Deposits (0) 19,718 - 5,459 - 2,347 Depository institutions 14,961 - 4,482 - 1,864 U.S. Treasury, general account 4,416 - 972 - 435 Foreign official 81 - 2 - 4 Other (0) 261 - 3 - 43 Deferred availability cash items (1,189) 8,008 + 1,610 + 736 Other liabilities and accrued dividends7 4,149 + 52 + 1,223 Total liabilities (1,189) 798,484 - 1,820 + 24,955 Capital accounts Capital paid in 13,458 + 12 + 1,912 Surplus 11,630 + 5 + 2,783 Other capital accounts 2,314 + 137 + 726 Total capital 27,402 + 154 + 5,421 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. 3. Maturity Distribution of Loans and Securities, November 16, 2005 Millions of dollars U.S. Treasury Federal agency Reverse securities1 securities Repurchase Maturity Loans repurchase Weekly Weekly agreements2 Holdings Holdings agreements2 changes changes Within 15 days 105 56,097 + 15,131 0 0 20,000 25,318 16 days to 90 days 2 152,030 - 23,558 0 0 0 0 91 days to 1 year 0 191,259 + 8,318 0 0 . . . . . . Over 1 year to 5 years . . . 209,687 - 990 0 0 . . . . . . Over 5 years to 10 years . . . 53,440 + 11 0 0 . . . . . . Over 10 years . . . 80,365 + 2,248 0 0 . . . . . . All 107 742,878 + 1,161 0 0 20,000 25,318 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on November 16, 2005 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Assets Gold certificate account 11,0 3 6 5 1 0 4,3 5 4 4 3 2 4 5 3 8 3 6 9 4 5 9 2 8 3 2 7 2 1 2 3 1 8 5 4 9 1,172 Special drawing rights certificate acct. 2,2 0 0 1 1 5 8 7 4 8 3 1 0 4 1 4 7 1 6 6 2 1 2 7 1 3 0 6 6 9 8 234 Coin 7 2 8 2 9 5 4 4 9 5 4 6 3 1 0 0 7 6 3 6 2 2 6 1 7 2 112 Securities, repurchase agreements, and loans 762,9 8 5 38,0 0 8 314,5 7 7 26,3 5 6 31,3 8 3 56,6 9 4 57,4 7 6 66,9 3 2 23,0 7 2 15,5 4 1 21,0 2 9 36,5 9 1 75,326 Securities held outright 742,8 7 8 38,0 0 8 294,5 7 7 26,3 5 3 31,3 8 3 56,6 9 4 57,4 7 3 66,9 0 0 23,0 5 2 15,5 1 6 21,0 1 2 36,5 8 8 75,323 U.S. Treasury1 742,8 7 8 38,0 0 8 294,5 7 7 26,3 5 3 31,3 8 3 56,6 9 4 57,4 7 3 66,9 0 0 23,0 5 2 15,5 1 6 21,0 1 2 36,5 8 8 75,323 Bills2 271,0 1 8 13,8 6 6 107,4 6 8 9,6 1 4 11,4 4 9 20,6 8 3 20,9 6 7 24,4 0 6 8,4 1 0 5,6 6 0 7,6 6 6 13,3 4 8 27,480 Notes and bonds3 471,8 6 0 24,1 4 2 187,1 0 9 16,7 3 9 19,9 3 4 36,0 1 1 36,5 0 6 42,4 9 3 14,6 4 2 9,8 5 5 13,3 4 6 23,2 4 0 47,844 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 20,0 0 0 0 20,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 0 7 0 0 3 0 0 3 3 2 2 0 2 6 1 8 3 3 Items in process of collection 13,1 5 8 5 2 6 6 4 1 8 4 1 8 4 3 7 7 2 3,7 0 4 7 7 8 5 2 7 4 8 0 1,1 3 2 5 7 0 2,345 Bank premises 1,8 4 1 1 0 8 2 0 4 5 3 1 5 7 1 4 3 2 7 1 2 0 9 6 9 1 2 0 8 0 2 6 2 164 Other assets5 35,1 2 6 3,0 5 7 13,3 1 8 9 6 2 2,3 2 2 4,5 6 4 1,9 0 7 2,3 9 9 9 3 8 7 0 2 6 2 8 8 9 6 3,433 Interdistrict settlement account 0 - 3,3 9 4 -20,3 9 7 + 6,1 6 8 + 4 2 7 + 4,5 6 6 + 7 5 9 + 1,0 4 7 - 1 6 0 - 3 8 3 + 1 8 9 - 3,8 7 5 +15,051 Total assets 827,0 7 4 38,9 6 0 313,6 2 5 34,9 4 5 35,7 4 4 67,7 8 5 65,3 2 8 72,5 8 0 24,8 7 9 16,7 2 4 23,5 0 4 35,1 6 3 97,838 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.

H.4.1 4. Statement of Condition of Each Federal Reserve Bank on November 16, 2005 (continued) Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis Dallas City Francisco Liabilities Federal Reserve notes outstanding 898,0 3 3 38,9 7 7 329,7 3 8 37,4 6 0 36,4 8 5 68,8 5 6 80,8 4 6 76,9 9 0 26,3 9 8 17,3 0 5 26,2 3 0 48,9 5 4 109,795 Less: notes held by F.R. Banks 156,7 4 2 4,5 1 9 44,9 6 3 6,1 0 6 5,5 2 7 12,8 4 1 22,5 7 7 10,4 9 4 3,5 4 5 2,6 8 5 5,3 3 6 16,9 8 9 21,160 Federal Reserve notes, net 741,2 9 1 34,4 5 8 284,7 7 5 31,3 5 4 30,9 5 8 56,0 1 5 58,2 6 9 66,4 9 5 22,8 5 3 14,6 2 0 20,8 9 4 31,9 6 5 88,635 Reverse repurchase agreements1 25,3 1 8 1,2 9 5 10,0 4 0 8 9 8 1,0 7 0 1,9 3 2 1,9 5 9 2,2 8 0 7 8 6 5 2 9 7 1 6 1,2 4 7 2,567 Deposits 19,7 1 8 6 0 2 8,8 7 7 5 2 9 8 3 8 1,7 1 3 1,8 3 9 1,2 5 0 4 8 0 2 9 7 5 9 4 6 8 7 2,013 Depository institutions 14,9 6 1 5 8 7 4,2 4 8 5 2 8 8 3 3 1,6 2 2 1,8 3 7 1,2 4 7 4 7 6 2 9 6 5 9 2 6 8 6 2,009 U.S. Treasury, general account 4,4 1 6 0 4,4 1 6 0 0 0 0 0 0 0 0 0 0 Foreign official 8 1 5 5 3 1 4 7 2 3 1 1 1 0 4 Other 2 6 1 1 0 1 6 1 0 1 8 4 0 0 3 0 1 0 0 Deferred availability cash items 9,1 9 7 7 1 7 9 8 9 6 5 7 5 9 0 7 4 3 1,1 4 3 3 9 3 2 0 7 6 5 7 8 1 5 7 3 3 1,550 Other liabilities and accrued dividends2 4,1 4 9 2 1 3 1,4 3 1 1 6 7 2 1 2 4 3 8 3 3 2 3 7 3 1 4 9 1 1 6 1 2 9 2 0 7 382 Total liabilities 799,6 7 3 37,2 8 5 306,1 1 2 33,6 0 6 33,6 6 7 60,8 4 1 63,5 4 2 70,7 9 2 24,4 7 5 16,2 1 9 23,1 4 9 34,8 3 9 95,147 Capital Capital paid in 13,4 5 8 3 1 7 3,6 6 1 7 4 6 1,0 1 0 3,9 4 0 8 7 3 8 7 4 1 4 3 2 4 5 1 7 2 1 4 9 1,328 Surplus 11,6 3 0 1,3 5 3 3,4 3 0 2 9 4 1,0 6 5 2,1 4 8 5 1 6 7 6 3 2 3 6 2 5 4 1 5 3 1 3 5 1,283 Other capital 2,3 1 4 5 4 2 3 2 9 9 2 8 5 5 3 9 7 1 5 1 2 6 6 3 0 4 0 80 Total liabilities and capital 827,0 7 4 38,9 6 0 313,6 2 5 34,9 4 5 35,7 4 4 67,7 8 5 65,3 2 8 72,5 8 0 24,8 7 9 16,7 2 4 23,5 0 4 35,1 6 3 97,838 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 Wednesday Federal Reserve notes and collateral Nov 16, 2005 Federal Reserve notes outstanding 898,033 Less: Notes held by F.R. Banks not subject to collateralization 156,742 Federal Reserve notes to be collateralized 741,291 Collateral held against Federal Reserve notes 741,291 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 728,054 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 762,878 Less: face value of securities under reverse repurchase agreements 25,461 U.S. Treasury and agency securities eligible to be pledged 737,417 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.