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 December 1, 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 30, 2005 Nov 23, 2005 Dec 1, 2004 Nov 30, 2005 Reserve Bank credit 812,719 + 6,209 + 27,209 817,793 Securities held outright 744,306 + 806 + 32,338 744,168 U.S. Treasury1 744,306 + 806 + 32,338 744,168 Bills2 271,270 + 142 + 9,712 271,270 Notes and bonds, nominal2 449,757 + 599 + 17,231 449,595 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983 Inflation compensation3 3,295 + 64 + 1,095 3,319 Federal agency2 0 0 0 0 Repurchase agreements4 29,821 + 5,250 - 3,822 35,250 Loans to depository institutions 103 - 15 + 30 86 Primary credit 6 - 17 0 4 Secondary credit 0 0 0 0 Seasonal credit 97 + 3 + 30 81 Float 919 - 178 + 1,030 886 Other Federal Reserve assets 37,569 + 346 - 2,369 37,403 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,541 + 14 + 106 36,541 Total factors supplying reserve funds 862,500 + 6,223 + 27,311 867,574 Currency in circulation5 780,611 + 3,633 + 26,731 780,224 Reverse repurchase agreements6 25,782 + 854 - 2,304 30,055 Foreign official and international accounts 25,782 + 854 - 2,304 30,055 Dealers 0 0 0 0 Treasury cash holdings 204 - 6 - 75 204 Deposits with F.R. Banks, other than reserve balances 14,212 - 122 - 1,420 13,725 U.S. Treasury, general account 5,090 - 17 - 127 4,634 Foreign official 83 + 2 - 5 82 Service-related 8,754 - 69 - 1,270 8,754 Required clearing balances 8,754 - 69 - 1,270 8,754 Adjustments to compensate for float 0 0 0 0 Other 284 - 39 - 19 255 Other liabilities and capital 32,315 + 204 + 6,787 31,865 Total factors, other than reserve balances, absorbing reserve funds 853,124 + 4,563 + 29,719 856,073 Reserve balances with Federal Reserve Banks 9,376 + 1,659 - 2,407 11,501 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,503,955 + 4,306 + 181,321 1,506,953 U.S. Treasury 1,100,118 + 1,687 + 37,903 1,101,226 Federal agency 403,837 + 2,619 + 143,418 405,727 Securities lent to dealers 2,955 - 746 + 1,368 5,052 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 30, 2005 Nov 23, 2005 Dec 1, 2004 Assets Gold certificate account 11,037 + 1 - 2 Special drawing rights certificate account 2,200 0 0 Coin 684 - 22 - 19 Securities, repurchase agreements, and loans 779,504 + 2,596 + 32,807 Securities held outright 744,168 - 133 + 31,277 U.S. Treasury1 744,168 - 133 + 31,277 Bills2 271,270 0 + 8,793 Notes and bonds, nominal2 449,595 - 189 + 17,069 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 Inflation compensation3 3,319 + 56 + 1,114 Federal agency2 0 0 0 Repurchase agreements4 35,250 + 2,750 + 1,500 Loans 86 - 22 + 30 Items in process of collection (995) 6,976 - 491 - 1,027 Bank premises 1,846 + 3 + 94 Other assets5 35,505 - 96 - 2,655 Total assets (995) 837,752 + 1,991 + 29,199 Liabilities Federal Reserve notes, net of F.R. Bank holdings 744,567 - 1,015 + 26,340 Reverse repurchase agreements6 30,055 + 5,568 + 2,516 Deposits (0) 25,174 - 1,722 - 5,272 Depository institutions 20,204 - 2,180 - 4,576 U.S. Treasury, general account 4,634 + 472 - 630 Foreign official 82 + 2 - 2 Other (0) 255 - 15 - 63 Deferred availability cash items (995) 6,091 - 608 - 1,009 Other liabilities and accrued dividends7 4,231 + 37 + 1,196 Total liabilities (995) 810,118 + 2,259 + 23,772 Capital accounts Capital paid in 13,501 + 3 + 1,957 Surplus 11,630 0 + 2,783 Other capital accounts 2,503 - 272 + 688 Total capital 27,634 - 269 + 5,428 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 30, 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 58 48,773 - 7,042 0 0 35,250 30,055 16 days to 90 days 28 163,763 + 8,191 0 0 0 0 91 days to 1 year 0 187,020 - 1,231 0 0 . . . . . . Over 1 year to 5 years . . . 210,726 - 86 0 0 . . . . . . Over 5 years to 10 years . . . 56,690 + 9 0 0 . . . . . . Over 10 years . . . 77,194 + 24 0 0 . . . . . . All 86 744,168 - 133 0 0 35,250 30,055 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 30, 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 7 5 1 0 4,3 5 5 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 6 8 4 3 0 5 1 4 6 5 2 5 6 9 0 7 4 3 3 2 2 6 0 6 8 101 Securities, repurchase agreements, and loans 779,5 0 4 38,0 7 4 330,3 3 9 26,3 9 9 31,4 3 7 56,7 9 3 57,5 8 4 67,0 4 5 23,1 0 0 15,5 5 9 21,0 6 5 36,6 5 1 75,458 Securities held outright 744,1 6 8 38,0 7 4 295,0 8 9 26,3 9 9 31,4 3 7 56,7 9 2 57,5 7 3 67,0 1 6 23,0 9 2 15,5 4 2 21,0 4 8 36,6 5 1 75,454 U.S. Treasury1 744,1 6 8 38,0 7 4 295,0 8 9 26,3 9 9 31,4 3 7 56,7 9 2 57,5 7 3 67,0 1 6 23,0 9 2 15,5 4 2 21,0 4 8 36,6 5 1 75,454 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 472,8 9 8 24,1 9 5 187,5 2 0 16,7 7 6 19,9 7 8 36,0 9 0 36,5 8 6 42,5 8 7 14,6 7 4 9,8 7 7 13,3 7 6 23,2 9 1 47,949 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 35,2 5 0 0 35,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 8 6 0 0 0 0 0 1 2 2 9 8 1 7 1 6 0 4 Items in process of collection 7,9 7 2 3 7 2 4 1 9 3 8 6 4 0 3 5 3 5 1,7 0 3 1 9 5 2 3 7 3 7 2 6 5 9 9 1 8 1,772 Bank premises 1,8 4 6 1 0 8 2 0 3 5 3 1 5 8 1 4 4 2 7 1 2 1 1 7 0 1 1 9 8 3 2 6 2 165 Other assets5 35,5 0 5 3,0 8 9 13,5 1 8 9 7 7 2,3 4 4 4,6 0 4 1,9 6 6 2,4 4 3 8 6 4 7 1 2 6 3 9 9 1 5 3,434 Interdistrict settlement account 0 - 2,4 0 4 -32,8 9 9 + 6,7 9 9 + 1,3 5 4 + 6,8 0 0 + 4,1 6 9 + 1,7 8 2 + 3 2 8 - 2 8 3 + 5 9 7 - 3,8 6 4 +17,621 Total assets 838,7 4 7 39,8 9 4 316,8 5 9 35,1 7 6 36,3 0 4 69,9 1 4 66,8 9 5 72,8 9 0 25,0 2 9 16,7 4 3 23,4 8 8 35,5 9 7 99,958 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 30, 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 899,7 9 0 39,3 1 4 328,7 6 2 37,4 6 7 36,5 4 6 69,0 5 2 81,4 4 4 76,5 9 6 26,3 5 5 17,3 0 5 26,3 0 1 50,0 6 4 110,586 Less: notes held by F.R. Banks 155,2 2 3 4,6 8 1 44,4 3 7 6,1 8 1 5,4 2 0 12,3 2 9 21,9 1 7 10,4 6 4 3,4 8 1 2,5 6 1 5,3 3 9 17,5 9 5 20,818 Federal Reserve notes, net 744,5 6 7 34,6 3 2 284,3 2 5 31,2 8 6 31,1 2 6 56,7 2 3 59,5 2 7 66,1 3 2 22,8 7 4 14,7 4 3 20,9 6 1 32,4 6 9 89,767 Reverse repurchase agreements1 30,0 5 5 1,5 3 8 11,9 1 8 1,0 6 6 1,2 7 0 2,2 9 4 2,3 2 5 2,7 0 7 9 3 3 6 2 8 8 5 0 1,4 8 0 3,047 Deposits 25,1 7 4 1,2 4 5 10,7 8 6 7 3 5 9 9 0 2,8 3 4 1,8 9 1 1,5 4 7 5 1 6 3 2 8 6 5 3 7 7 2 2,877 Depository institutions 20,2 0 4 1,2 3 7 5,9 3 3 7 3 4 9 8 6 2,7 5 2 1,8 8 9 1,5 4 4 5 0 7 3 2 7 6 5 2 7 7 1 2,873 U.S. Treasury, general account 4,6 3 4 0 4,6 3 4 0 0 0 0 0 0 0 0 0 0 Foreign official 8 2 5 5 3 1 4 7 2 3 1 1 1 0 4 Other 2 5 5 2 1 6 6 0 0 7 5 0 0 8 0 1 0 0 Deferred availability cash items 7,0 8 6 5 7 6 7 9 0 5 3 9 6 1 6 5 5 9 1,0 3 5 3 2 9 1 6 9 4 2 1 5 2 8 3 3 8 1,186 Other liabilities and accrued dividends2 4,2 3 1 2 1 8 1,4 5 6 1 7 2 2 1 7 4 5 0 3 3 9 3 7 6 1 5 5 1 1 5 1 3 5 2 1 0 389 Total liabilities 811,1 1 3 38,2 0 9 309,2 7 5 33,7 9 9 34,2 1 8 62,8 6 0 65,1 1 7 71,0 9 0 24,6 4 6 16,2 3 4 23,1 2 7 35,2 6 9 97,267 Capital Capital paid in 13,5 0 1 3 1 6 3,6 8 3 7 4 4 1,0 1 0 3,9 4 2 8 8 9 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 2,5 0 3 1 7 4 7 0 3 3 9 1 1 9 6 3 3 7 3 1 6 2 4 9 3 4 4 0 80 Total liabilities and capital 838,7 4 7 39,8 9 4 316,8 5 9 35,1 7 6 36,3 0 4 69,9 1 4 66,8 9 5 72,8 9 0 25,0 2 9 16,7 4 3 23,4 8 8 35,5 9 7 99,958 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 30, 2005 Federal Reserve notes outstanding 899,790 Less: Notes held by F.R. Banks not subject to collateralization 155,223 Federal Reserve notes to be collateralized 744,567 Collateral held against Federal Reserve notes 744,567 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 731,330 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 779,418 Less: face value of securities under reverse repurchase agreements 30,092 U.S. Treasury and agency securities eligible to be pledged 749,326 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.