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 29, 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 28, 2005 Dec 21, 2005 Dec 29, 2004 Dec 28, 2005 Reserve Bank credit 826,403 + 9,225 + 35,782 829,782 Securities held outright 744,207 + 11 + 26,480 744,210 U.S. Treasury1 744,207 + 11 + 26,480 744,210 Bills2 271,270 0 + 8,378 271,270 Notes and bonds, nominal2 449,595 0 + 13,166 449,595 Notes and bonds, inflation-indexed2 19,983 0 + 3,875 19,983 Inflation compensation3 3,358 + 11 + 1,060 3,362 Federal agency2 0 0 0 0 Repurchase agreements4 42,179 + 10,215 + 11,108 45,250 Loans to depository institutions 125 - 312 + 71 114 Primary credit 51 - 314 + 42 41 Secondary credit 0 0 0 0 Seasonal credit 74 + 2 + 29 73 Float 813 - 998 - 1,687 1,053 Other Federal Reserve assets 39,080 + 310 - 188 39,154 Gold stock 11,041 0 - 3 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 876,185 + 9,239 + 35,886 879,563 Currency in circulation5 792,056 + 8,256 + 35,156 794,900 Reverse repurchase agreements6 28,577 + 1,740 - 1,555 30,372 Foreign official and international accounts 28,577 + 1,740 - 1,555 30,372 Dealers 0 0 0 0 Treasury cash holdings 203 + 4 - 65 203 Deposits with F.R. Banks, other than reserve balances 13,905 - 810 - 1,010 13,270 U.S. Treasury, general account 4,853 - 549 + 222 4,243 Foreign official 84 - 55 + 4 85 Service-related 8,666 - 159 - 1,302 8,666 Required clearing balances 8,653 - 156 - 1,315 8,653 Adjustments to compensate for float 13 - 3 + 13 13 Other 303 - 46 + 66 276 Other liabilities and capital 32,649 - 356 + 6,030 32,433 Total factors, other than reserve balances, absorbing reserve funds 867,390 + 8,834 + 38,556 871,179 Reserve balances with Federal Reserve Banks 8,795 + 405 - 2,669 8,384 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,519,063 + 4,785 + 183,283 1,522,015 U.S. Treasury 1,099,734 - 1,971 + 37,525 1,100,594 Federal agency 419,329 + 6,756 + 145,758 421,421 Securities lent to dealers 1,296 - 3,959 - 754 1,490 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 28, 2005 Dec 21, 2005 Dec 29, 2004 Assets Gold certificate account 11,037 0 - 4 Special drawing rights certificate account 2,200 0 0 Coin 688 - 16 - 29 Securities, repurchase agreements, and loans 789,574 + 299 + 38,704 Securities held outright 744,210 + 10 + 26,397 U.S. Treasury1 744,210 + 10 + 26,397 Bills2 271,270 0 + 8,300 Notes and bonds, nominal2 449,595 0 + 13,166 Notes and bonds, inflation-indexed2 19,983 0 + 3,875 Inflation compensation3 3,362 + 11 + 1,056 Federal agency2 0 0 0 Repurchase agreements4 45,250 + 250 + 12,250 Loans 114 + 39 + 57 Items in process of collection (1,209) 7,750 - 1,367 + 1,646 Bank premises 1,826 - 30 + 39 Other assets5 37,339 + 497 - 2,420 Total assets (1,209) 850,414 - 616 + 37,936 Liabilities Federal Reserve notes, net of F.R. Bank holdings 759,246 + 6,277 + 36,342 Reverse repurchase agreements6 30,372 + 3,610 + 434 Deposits (0) 21,666 - 10,395 - 5,810 Depository institutions 17,062 - 9,343 - 4,371 U.S. Treasury, general account 4,243 - 1,047 - 1,491 Foreign official 85 - 1 - 2 Other (0) 276 - 4 + 55 Deferred availability cash items (1,209) 6,697 - 406 + 1,063 Other liabilities and accrued dividends7 4,419 + 65 + 1,226 Total liabilities (1,209) 822,400 - 849 + 33,255 Capital accounts Capital paid in 13,536 0 + 1,895 Surplus 11,630 + 1 + 2,783 Other capital accounts 2,849 + 232 + 4 Total capital 28,014 + 233 + 4,681 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 28, 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 114 57,172 + 757 0 0 45,250 30,372 16 days to 90 days 0 155,859 - 847 0 0 0 0 91 days to 1 year 0 186,525 + 89 0 0 . . . . . . Over 1 year to 5 years . . . 210,743 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 56,698 + 2 0 0 . . . . . . Over 10 years . . . 77,213 + 5 0 0 . . . . . . All 114 744,210 + 10 0 0 45,250 30,372 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 28, 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 8 3 2 4 7 3 5 5 6 6 6 9 0 7 7 3 6 2 2 6 1 6 8 97 Securities, repurchase agreements, and loans 789,5 7 4 38,0 7 6 340,3 5 5 26,4 0 1 31,4 3 9 56,7 9 8 57,5 8 3 67,0 4 1 23,1 0 0 15,5 6 0 21,0 6 7 36,6 5 6 75,496 Securities held outright 744,2 1 0 38,0 7 6 295,1 0 5 26,4 0 0 31,4 3 9 56,7 9 6 57,5 7 6 67,0 2 0 23,0 9 4 15,5 4 3 21,0 4 9 36,6 5 3 75,458 U.S. Treasury1 744,2 1 0 38,0 7 6 295,1 0 5 26,4 0 0 31,4 3 9 56,7 9 6 57,5 7 6 67,0 2 0 23,0 9 4 15,5 4 3 21,0 4 9 36,6 5 3 75,458 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 4 0 24,1 9 7 187,5 3 7 16,7 7 7 19,9 7 9 36,0 9 3 36,5 8 9 42,5 9 0 14,6 7 6 9,8 7 8 13,3 7 7 23,2 9 3 47,953 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 45,2 5 0 0 45,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1 1 4 0 0 1 0 3 7 2 2 6 1 7 1 8 3 38 Items in process of collection 8,9 5 8 6 0 5 5 8 3 5 1 4 8 0 5 4 1 8 1,4 4 5 7 9 0 2 8 9 3 6 2 8 1 8 6 5 4 1,677 Bank premises 1,8 2 6 1 1 1 2 0 5 5 3 1 5 7 1 5 3 2 3 2 2 1 5 6 9 1 2 0 8 5 2 6 2 164 Other assets5 37,3 3 9 3,1 9 8 14,2 1 4 1,1 0 7 2,4 2 9 4,7 4 6 2,0 9 8 2,6 0 7 8 9 6 7 4 4 6 8 5 9 9 4 3,621 Interdistrict settlement account 0 - 2,9 4 8 -47,0 7 4 + 6,3 3 6 + 1,9 5 6 + 7,7 9 0 +10,2 8 6 + 2,7 9 7 + 2,1 2 7 + 1 6 0 + 2,3 4 5 - 2,7 0 6 +18,932 Total assets 851,6 2 3 39,6 9 9 313,5 5 9 34,9 6 1 37,4 0 0 70,9 5 4 72,8 4 5 74,6 6 7 26,9 1 4 17,2 1 0 25,4 4 4 36,5 7 6 101,392 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 28, 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 907,1 0 0 39,1 6 5 327,8 9 5 37,3 4 8 36,5 9 5 69,8 4 5 84,1 5 6 77,0 2 2 28,1 2 5 17,9 2 1 27,8 4 2 50,3 4 5 110,841 Less: notes held by F.R. Banks 147,8 5 4 4,4 7 2 43,4 7 2 6,1 7 8 5,0 5 3 11,8 7 3 18,5 6 2 10,3 4 2 3,4 6 0 2,8 0 0 4,9 9 3 16,9 9 7 19,652 Federal Reserve notes, net 759,2 4 6 34,6 9 2 284,4 2 3 31,1 7 0 31,5 4 1 57,9 7 2 65,5 9 3 66,6 8 0 24,6 6 5 15,1 2 2 22,8 4 9 33,3 4 9 91,188 Reverse repurchase agreements1 30,3 7 2 1,5 5 4 12,0 4 4 1,0 7 7 1,2 8 3 2,3 1 8 2,3 5 0 2,7 3 5 9 4 2 6 3 4 8 5 9 1,4 9 6 3,080 Deposits 21,6 6 6 7 8 4 7,0 9 2 5 6 9 1,6 5 7 2,3 9 4 1,8 9 3 2,5 2 7 5 5 6 3 6 1 6 3 4 7 3 4 2,464 Depository institutions 17,0 6 2 7 7 8 2,6 2 2 5 6 7 1,6 4 9 2,2 9 3 1,8 9 1 2,5 2 3 5 5 3 3 6 0 6 3 2 7 3 3 2,459 U.S. Treasury, general account 4,2 4 3 0 4,2 4 3 0 0 0 0 0 0 0 0 0 0 Foreign official 8 5 5 5 7 1 4 7 2 3 1 1 1 0 4 Other 2 7 6 0 1 7 0 0 5 9 5 0 1 2 0 1 1 0 Deferred availability cash items 7,9 0 5 7 4 7 8 5 2 5 0 8 5 8 3 5 7 9 8 7 9 5 2 7 2 0 8 4 6 4 6 0 2 4 5 5 1,502 Other liabilities and accrued dividends2 4,4 1 9 2 2 6 1,4 9 6 1 8 1 2 3 0 5 1 3 3 4 8 3 9 6 1 5 6 1 1 9 1 3 6 2 1 1 407 Total liabilities 823,6 0 9 38,0 0 3 305,9 0 7 33,5 0 5 35,2 9 4 63,7 7 6 71,0 6 2 72,8 6 5 26,5 2 8 16,7 0 0 25,0 8 0 36,2 4 6 98,641 Capital Capital paid in 13,5 3 6 3 1 7 3,6 8 5 7 4 4 1,0 1 3 3,9 4 2 8 9 2 8 7 6 1 4 4 2 4 5 1 7 5 1 5 3 1,349 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 2,8 4 9 2 7 5 3 7 4 1 8 2 8 1,0 8 7 3 7 5 1 6 2 6 1 0 3 6 4 3 120 Total liabilities and capital 851,6 2 3 39,6 9 9 313,5 5 9 34,9 6 1 37,4 0 0 70,9 5 4 72,8 4 5 74,6 6 7 26,9 1 4 17,2 1 0 25,4 4 4 36,5 7 6 101,392 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 28, 2005 Federal Reserve notes outstanding 907,100 Less: Notes held by F.R. Banks not subject to collateralization 147,854 Federal Reserve notes to be collateralized 759,246 Collateral held against Federal Reserve notes 759,246 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 746,009 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 789,460 Less: face value of securities under reverse repurchase agreements 30,401 U.S. Treasury and agency securities eligible to be pledged 759,059 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.