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 8, 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 Dec 7, 2005 Nov 30, 2005 Dec 8, 2004 Dec 7, 2005 Reserve Bank credit 813,647 + 928 + 29,518 814,965 Securities held outright 744,175 - 131 + 28,557 744,179 U.S. Treasury1 744,175 - 131 + 28,557 744,179 Bills2 271,270 0 + 8,541 271,270 Notes and bonds, nominal2 449,595 - 162 + 14,608 449,595 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 19,983 Inflation compensation3 3,326 + 31 + 1,108 3,330 Federal agency2 0 0 0 0 Repurchase agreements4 30,893 + 1,072 + 2,822 32,000 Loans to depository institutions 86 - 17 + 31 119 Primary credit 17 + 11 + 14 51 Secondary credit 0 0 0 0 Seasonal credit 69 - 28 + 18 68 Float 969 + 50 + 828 999 Other Federal Reserve assets 37,524 - 45 - 2,720 37,669 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,499 + 14 + 64 36,499 Total factors supplying reserve funds 863,386 + 942 + 29,579 864,705 Currency in circulation5 778,066 - 2,489 + 26,648 779,104 Reverse repurchase agreements6 28,800 + 3,018 + 407 27,792 Foreign official and international accounts 28,800 + 3,018 + 407 27,792 Dealers 0 0 0 0 Treasury cash holdings 204 0 - 58 199 Deposits with F.R. Banks, other than reserve balances 14,040 - 172 - 1,390 14,171 U.S. Treasury, general account 4,932 - 158 - 54 5,076 Foreign official 82 - 1 - 62 81 Service-related 8,734 - 20 - 1,289 8,734 Required clearing balances 8,734 - 20 - 1,289 8,734 Adjustments to compensate for float 0 0 0 0 Other 293 + 9 + 15 281 Other liabilities and capital 32,125 - 190 + 6,408 31,933 Total factors, other than reserve balances, absorbing reserve funds 853,235 + 167 + 32,014 853,199 Reserve balances with Federal Reserve Banks 10,151 + 775 - 2,435 11,506 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,511,374 + 7,419 + 182,102 1,512,011 U.S. Treasury 1,105,368 + 5,250 + 41,858 1,105,026 Federal agency 406,006 + 2,169 + 140,245 406,985 Securities lent to dealers 3,336 + 381 + 572 3,377 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 Dec 7, 2005 Nov 30, 2005 Dec 8, 2004 Assets Gold certificate account 11,037 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 695 + 11 - 15 Securities, repurchase agreements, and loans 776,298 - 3,206 + 28,674 Securities held outright 744,179 + 11 + 27,107 U.S. Treasury1 744,179 + 11 + 27,107 Bills2 271,270 0 + 8,537 Notes and bonds, nominal2 449,595 0 + 13,166 Notes and bonds, inflation-indexed2 19,983 0 + 4,300 Inflation compensation3 3,330 + 11 + 1,104 Federal agency2 0 0 0 Repurchase agreements4 32,000 - 3,250 + 1,500 Loans 119 + 33 + 66 Items in process of collection (1,076) 8,103 + 1,127 - 206 Bank premises 1,849 + 3 + 93 Other assets5 35,768 + 263 - 2,607 Total assets (1,076) 835,951 - 1,801 + 25,938 Liabilities Federal Reserve notes, net of F.R. Bank holdings 743,496 - 1,071 + 26,329 Reverse repurchase agreements6 27,792 - 2,263 - 379 Deposits (0) 25,626 + 452 - 6,774 Depository institutions 20,188 - 16 - 7,040 U.S. Treasury, general account 5,076 + 442 + 245 Foreign official 81 - 1 + 4 Other (0) 281 + 26 + 16 Deferred availability cash items (1,076) 7,105 + 1,014 + 178 Other liabilities and accrued dividends7 4,335 + 104 + 1,217 Total liabilities (1,076) 808,352 - 1,766 + 20,568 Capital accounts Capital paid in 13,523 + 22 + 1,912 Surplus 11,630 0 + 2,783 Other capital accounts 2,446 - 57 + 675 Total capital 27,599 - 35 + 5,370 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, December 7, 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 60 48,431 - 342 0 0 32,000 27,792 16 days to 90 days 59 164,342 + 579 0 0 0 0 91 days to 1 year 0 186,784 - 236 0 0 . . . . . . Over 1 year to 5 years . . . 210,730 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 56,692 + 2 0 0 . . . . . . Over 10 years . . . 77,199 + 5 0 0 . . . . . . All 119 744,179 + 11 0 0 32,000 27,792 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 December 7, 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 9 5 2 9 4 9 4 2 5 7 6 1 9 5 7 5 3 3 2 2 6 4 6 9 100 Securities, repurchase agreements, and loans 776,2 9 8 38,0 7 4 327,1 4 2 26,3 9 9 31,4 3 8 56,7 9 3 57,5 8 4 67,0 3 5 23,1 0 0 15,5 5 6 21,0 6 8 36,6 5 2 75,457 Securities held outright 744,1 7 9 38,0 7 4 295,0 9 3 26,3 9 9 31,4 3 8 56,7 9 3 57,5 7 4 67,0 1 7 23,0 9 3 15,5 4 3 21,0 4 8 36,6 5 2 75,455 U.S. Treasury1 744,1 7 9 38,0 7 4 295,0 9 3 26,3 9 9 31,4 3 8 56,7 9 3 57,5 7 4 67,0 1 7 23,0 9 3 15,5 4 3 21,0 4 8 36,6 5 2 75,455 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 472,9 0 8 24,1 9 5 187,5 2 5 16,7 7 6 19,9 7 8 36,0 9 1 36,5 8 7 42,5 8 8 14,6 7 5 9,8 7 7 13,3 7 6 23,2 9 1 47,950 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 32,0 0 0 0 32,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 1 9 0 4 9 0 0 0 1 0 1 8 8 1 3 1 9 0 2 Items in process of collection 9,1 7 9 4 2 6 6 1 6 4 3 6 7 9 2 7 0 2 1,7 6 9 2 4 4 3 1 9 2 5 5 9 3 1 7 0 3 1,985 Bank premises 1,8 4 9 1 0 8 2 0 4 5 3 1 5 8 1 4 4 2 7 1 2 1 2 6 9 1 1 9 8 5 2 6 1 165 Other assets5 35,7 6 8 3,0 8 6 13,6 0 7 1,0 8 2 2,3 3 5 4,5 9 9 2,0 0 2 2,4 6 6 8 5 1 7 1 0 6 4 6 9 2 9 3,456 Interdistrict settlement account 0 - 3,0 1 0 -30,6 7 3 + 6,3 7 0 + 8 3 2 + 7,4 6 2 + 4,1 7 5 + 1,3 5 7 + 7 - 4 4 + 7 4 3 - 3,5 1 4 +16,295 Total assets 837,0 2 7 39,3 3 9 316,1 7 3 34,8 9 6 36,1 6 9 70,7 4 4 67,0 0 7 72,5 2 8 24,7 7 7 16,8 6 0 23,9 2 1 35,7 4 8 98,864 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 December 7, 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 902,0 1 1 39,3 9 8 329,0 6 9 37,5 3 5 36,5 9 8 69,4 6 1 81,3 0 5 76,7 3 2 26,2 9 9 17,7 1 1 26,9 0 3 50,2 1 0 110,788 Less: notes held by F.R. Banks 158,5 1 5 4,9 1 5 44,6 4 0 6,6 3 1 5,5 8 0 12,6 0 3 21,5 4 8 11,1 0 9 3,5 8 0 2,7 4 5 5,4 7 2 17,8 5 5 21,836 Federal Reserve notes, net 743,4 9 6 34,4 8 3 284,4 2 9 30,9 0 4 31,0 1 8 56,8 5 9 59,7 5 7 65,6 2 4 22,7 1 8 14,9 6 6 21,4 3 1 32,3 5 6 88,951 Reverse repurchase agreements1 27,7 9 2 1,4 2 2 11,0 2 0 9 8 6 1,1 7 4 2,1 2 1 2,1 5 0 2,5 0 3 8 6 2 5 8 0 7 8 6 1,3 6 9 2,818 Deposits 25,6 2 6 8 3 6 10,6 9 2 8 0 7 1,0 2 7 3,6 7 8 2,0 0 5 1,8 5 8 4 7 6 2 8 0 6 6 0 7 8 0 2,527 Depository institutions 20,1 8 8 8 2 9 5,3 9 9 8 0 6 1,0 2 3 3,5 6 8 2,0 0 2 1,8 5 5 4 6 6 2 7 9 6 5 9 7 7 9 2,522 U.S. Treasury, general account 5,0 7 6 0 5,0 7 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 8 1 2 1 6 5 0 0 1 0 2 1 0 9 0 1 0 0 Deferred availability cash items 8,1 8 0 7 0 1 1,0 0 5 6 3 5 6 4 6 5 7 5 9 3 8 3 7 9 1 7 4 4 1 2 5 4 9 7 0 4 1,463 Other liabilities and accrued dividends2 4,3 3 5 2 2 0 1,4 7 4 1 7 6 2 2 0 5 0 2 3 4 4 3 8 3 1 5 3 1 1 8 1 3 5 2 1 1 398 Total liabilities 809,4 2 8 37,6 6 2 308,6 2 1 33,5 0 7 34,0 8 5 63,7 3 5 65,1 9 3 70,7 4 7 24,3 8 4 16,3 5 5 23,5 6 1 35,4 2 0 96,158 Capital Capital paid in 13,5 2 3 3 1 6 3,6 8 4 7 4 4 1,0 1 0 3,9 4 2 8 9 0 8 7 6 1 4 3 2 4 5 1 7 5 1 5 3 1,346 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 2,4 4 6 9 4 3 9 3 5 1 9 9 1 8 4 0 8 1 4 2 1 4 5 3 2 4 1 78 Total liabilities and capital 837,0 2 7 39,3 3 9 316,1 7 3 34,8 9 6 36,1 6 9 70,7 4 4 67,0 0 7 72,5 2 8 24,7 7 7 16,8 6 0 23,9 2 1 35,7 4 8 98,864 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 Dec 7, 2005 Federal Reserve notes outstanding 902,011 Less: Notes held by F.R. Banks not subject to collateralization 158,515 Federal Reserve notes to be collateralized 743,496 Collateral held against Federal Reserve notes 743,496 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 730,259 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 776,179 Less: face value of securities under reverse repurchase agreements 27,826 U.S. Treasury and agency securities eligible to be pledged 748,353 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.