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 25, 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 23, 2005 Nov 16, 2005 Nov 24, 2004 Nov 23, 2005 Reserve Bank credit 806,510 - 2,363 + 26,640 815,172 Securities held outright 743,500 + 1,425 + 32,236 744,301 U.S. Treasury1 743,500 + 1,425 + 32,236 744,301 Bills2 271,128 + 110 + 10,264 271,270 Notes and bonds, nominal2 449,158 + 1,252 + 16,632 449,784 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983 Inflation compensation3 3,231 + 63 + 1,040 3,263 Federal agency2 0 0 0 0 Repurchase agreements4 24,571 - 1,036 - 4,036 32,500 Loans to depository institutions 118 - 34 + 42 108 Primary credit 23 - 23 + 18 11 Secondary credit 0 0 0 0 Seasonal credit 94 - 12 + 23 97 Float 1,097 - 599 + 589 770 Other Federal Reserve assets 37,224 - 2,119 - 2,190 37,494 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,527 + 14 + 110 36,527 Total factors supplying reserve funds 856,277 - 2,350 + 26,747 864,940 Currency in circulation5 776,978 + 707 + 27,155 781,203 Reverse repurchase agreements6 24,928 - 629 - 2,727 24,487 Foreign official and international accounts 24,928 - 629 - 2,727 24,487 Dealers 0 0 0 0 Treasury cash holdings 210 - 9 - 83 204 Deposits with F.R. Banks, other than reserve balances 14,334 + 621 - 423 13,335 U.S. Treasury, general account 5,107 + 585 + 688 4,162 Foreign official 81 - 7 - 1 80 Service-related 8,823 - 18 - 1,138 8,823 Required clearing balances 8,823 - 2 - 1,138 8,823 Adjustments to compensate for float 0 - 16 0 0 Other 323 + 61 + 29 270 Other liabilities and capital 32,111 + 370 + 6,744 32,097 Total factors, other than reserve balances, absorbing reserve funds 848,561 + 1,059 + 30,665 851,326 Reserve balances with Federal Reserve Banks 7,717 - 3,408 - 3,917 13,614 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,499,649 + 11,590 + 182,902 1,503,176 U.S. Treasury 1,098,431 + 7,586 + 37,220 1,100,887 Federal agency 401,218 + 4,004 + 145,683 402,289 Securities lent to dealers 3,701 + 712 - 618 9,342 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 23, 2005 Nov 16, 2005 Nov 24, 2004 Assets Gold certificate account 11,036 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 706 - 22 - 33 Securities, repurchase agreements, and loans 776,908 + 13,923 + 26,241 Securities held outright 744,301 + 1,423 + 32,706 U.S. Treasury1 744,301 + 1,423 + 32,706 Bills2 271,270 + 252 + 10,080 Notes and bonds, nominal2 449,784 + 1,096 + 17,258 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 Inflation compensation3 3,263 + 75 + 1,067 Federal agency2 0 0 0 Repurchase agreements4 32,500 + 12,500 - 6,500 Loans 108 + 1 + 36 Items in process of collection (1,033) 7,467 - 4,502 + 420 Bank premises 1,843 + 2 + 90 Other assets5 35,601 + 475 - 2,357 Total assets (1,033) 835,761 + 9,876 + 24,358 Liabilities Federal Reserve notes, net of F.R. Bank holdings 745,582 + 4,291 + 26,686 Reverse repurchase agreements6 24,487 - 831 - 3,597 Deposits (0) 26,896 + 7,178 - 5,379 Depository institutions 22,384 + 7,423 - 4,936 U.S. Treasury, general account 4,162 - 254 - 413 Foreign official 80 - 1 - 4 Other (0) 270 + 9 - 26 Deferred availability cash items (1,033) 6,699 - 1,309 - 258 Other liabilities and accrued dividends7 4,194 + 45 + 1,186 Total liabilities (1,033) 807,859 + 9,375 + 18,640 Capital accounts Capital paid in 13,498 + 40 + 1,927 Surplus 11,630 0 + 2,783 Other capital accounts 2,775 + 461 + 1,010 Total capital 27,903 + 501 + 5,719 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 23, 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 104 55,815 - 282 0 0 32,500 24,487 16 days to 90 days 4 155,572 + 3,542 0 0 0 0 91 days to 1 year 0 188,251 - 3,008 0 0 . . . . . . Over 1 year to 5 years . . . 210,812 + 1,125 0 0 . . . . . . Over 5 years to 10 years . . . 56,681 + 3,241 0 0 . . . . . . Over 10 years . . . 77,170 - 3,195 0 0 . . . . . . All 108 744,301 + 1,423 0 0 32,500 24,487 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 23, 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 0 6 3 0 5 2 4 7 5 5 6 1 9 7 7 2 3 4 2 2 5 9 7 0 107 Securities, repurchase agreements, and loans 776,9 0 8 38,0 8 1 327,6 4 1 26,4 0 7 31,4 4 3 56,8 0 2 57,5 8 9 67,0 5 8 23,1 1 5 15,5 6 3 21,0 7 3 36,6 6 1 75,475 Securities held outright 744,3 0 1 38,0 8 1 295,1 4 1 26,4 0 4 31,4 4 3 56,8 0 2 57,5 8 3 67,0 2 8 23,0 9 6 15,5 4 5 21,0 5 2 36,6 5 8 75,467 U.S. Treasury1 744,3 0 1 38,0 8 1 295,1 4 1 26,4 0 4 31,4 4 3 56,8 0 2 57,5 8 3 67,0 2 8 23,0 9 6 15,5 4 5 21,0 5 2 36,6 5 8 75,467 Bills2 271,2 7 0 13,8 7 9 107,5 6 8 9,6 2 3 11,4 6 0 20,7 0 2 20,9 8 7 24,4 2 9 8,4 1 8 5,6 6 6 7,6 7 3 13,3 6 0 27,505 Notes and bonds3 473,0 3 0 24,2 0 2 187,5 7 3 16,7 8 1 19,9 8 3 36,1 0 0 36,5 9 6 42,5 9 9 14,6 7 9 9,8 8 0 13,3 7 9 23,2 9 7 47,962 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 32,5 0 0 0 32,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 0 8 0 0 3 0 0 6 3 0 1 9 1 8 2 1 3 8 Items in process of collection 8,4 9 9 4 5 3 4 3 6 3 4 7 2 7 4 4 1 6 2,2 7 7 4 3 2 2 4 1 3 5 0 9 8 0 4 6 5 1,827 Bank premises 1,8 4 3 1 0 8 2 0 4 5 3 1 5 8 1 4 3 2 7 2 2 0 9 6 9 1 2 0 8 1 2 6 2 165 Other assets5 35,6 0 1 3,1 0 1 13,5 3 5 9 8 2 2,3 5 6 4,6 1 5 1,9 6 5 2,4 5 1 8 6 8 7 1 5 6 4 4 9 1 9 3,451 Interdistrict settlement account 0 - 3,2 8 7 -32,3 2 3 + 6,8 9 4 + 1,5 8 5 + 6,8 0 0 + 3,2 1 5 + 2,3 4 7 + 2 3 9 - 4 3 7 + 4 5 8 - 2,9 3 6 +17,446 Total assets 836,7 9 4 39,1 1 0 314,7 7 2 35,2 4 6 36,4 2 8 69,8 2 1 66,5 2 6 73,7 0 9 24,9 6 4 16,5 7 6 23,6 7 9 36,0 8 7 99,877 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 23, 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 899,2 3 6 39,0 0 3 328,8 9 6 37,4 4 8 36,4 5 6 68,9 3 0 81,4 3 2 76,5 9 1 26,3 7 9 17,2 2 2 26,2 7 6 50,1 4 9 110,452 Less: notes held by F.R. Banks 153,6 5 5 4,5 6 9 44,7 3 9 5,8 6 2 5,3 6 4 12,5 3 3 21,9 6 6 10,2 3 1 3,4 8 3 2,5 9 8 5,1 8 4 17,0 2 3 20,104 Federal Reserve notes, net 745,5 8 2 34,4 3 5 284,1 5 7 31,5 8 6 31,0 9 2 56,3 9 8 59,4 6 6 66,3 6 1 22,8 9 6 14,6 2 5 21,0 9 1 33,1 2 6 90,348 Reverse repurchase agreements1 24,4 8 7 1,2 5 3 9,7 1 0 8 6 9 1,0 3 4 1,8 6 9 1,8 9 4 2,2 0 5 7 6 0 5 1 1 6 9 3 1,2 0 6 2,483 Deposits 26,8 9 6 8 6 2 11,0 0 0 6 6 4 1,4 6 9 3,5 6 3 2,0 1 3 2,5 6 4 5 7 9 3 1 1 6 2 2 7 0 9 2,538 Depository institutions 22,3 8 4 8 5 4 6,6 1 3 6 6 3 1,4 6 5 3,4 7 4 2,0 1 1 2,5 6 1 5 7 2 3 1 0 6 2 1 7 0 9 2,531 U.S. Treasury, general account 4,1 6 2 0 4,1 6 2 0 0 0 0 0 0 0 0 0 0 Foreign official 8 0 5 5 2 1 4 7 2 3 1 1 1 0 4 Other 2 7 0 3 1 7 3 0 1 8 2 1 0 7 0 1 0 2 Deferred availability cash items 7,7 3 2 6 2 3 7 7 9 5 9 1 5 0 1 5 4 4 9 8 0 3 8 4 1 7 5 4 9 6 7 7 5 5 0 3 1,380 Other liabilities and accrued dividends2 4,1 9 4 2 1 7 1,4 4 9 1 7 1 2 1 3 4 3 4 3 3 9 3 8 0 1 5 1 1 1 7 1 3 3 2 0 8 382 Total liabilities 808,8 9 1 37,3 9 0 307,0 9 5 33,8 8 1 34,3 0 9 62,8 0 8 64,6 9 4 71,8 9 4 24,5 6 2 16,0 6 1 23,3 1 4 35,7 5 3 97,132 Capital Capital paid in 13,4 9 8 3 1 5 3,6 8 2 7 4 6 1,0 1 0 3,9 4 1 8 8 8 8 7 4 1 4 3 2 4 5 1 7 4 1 5 3 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 2,7 7 5 5 2 5 6 6 3 2 5 4 4 9 2 4 4 2 8 1 7 7 2 3 1 6 3 9 4 7 134 Total liabilities and capital 836,7 9 4 39,1 1 0 314,7 7 2 35,2 4 6 36,4 2 8 69,8 2 1 66,5 2 6 73,7 0 9 24,9 6 4 16,5 7 6 23,6 7 9 36,0 8 7 99,877 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 23, 2005 Federal Reserve notes outstanding 899,236 Less: Notes held by F.R. Banks not subject to collateralization 153,655 Federal Reserve notes to be collateralized 745,582 Collateral held against Federal Reserve notes 745,582 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 732,345 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 776,801 Less: face value of securities under reverse repurchase agreements 24,514 U.S. Treasury and agency securities eligible to be pledged 752,287 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.