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 January 5, 2006 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 Jan 4, 2006 Dec 28, 2005 Jan 5, 2005 Jan 4, 2006 Reserve Bank credit 832,796 + 6,393 + 41,143 831,230 Securities held outright 743,831 - 376 + 26,012 742,870 U.S. Treasury1 743,831 - 376 + 26,012 742,870 Bills2 271,270 0 + 8,300 271,270 Notes and bonds, nominal2 449,217 - 378 + 12,788 448,274 Notes and bonds, inflation-indexed2 19,983 0 + 3,875 19,983 Inflation compensation3 3,360 + 2 + 1,048 3,342 Federal agency2 0 0 0 0 Repurchase agreements4 48,750 + 6,571 + 15,536 46,500 Loans to depository institutions 64 - 61 + 11 37 Primary credit 7 - 44 - 12 8 Secondary credit 0 0 0 0 Seasonal credit 57 - 17 + 22 29 Float 855 + 42 - 108 2,412 Other Federal Reserve assets 39,296 + 216 - 307 39,412 Gold stock 11,043 + 2 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,610 + 14 + 176 36,610 Total factors supplying reserve funds 882,649 + 6,409 + 41,317 881,084 Currency in circulation5 793,705 + 1,594 + 38,677 792,263 Reverse repurchase agreements6 30,431 + 1,854 + 529 27,567 Foreign official and international accounts 30,431 + 1,854 + 529 27,567 Dealers 0 0 0 0 Treasury cash holdings 202 - 1 - 69 202 Deposits with F.R. Banks, other than reserve balances 15,073 + 1,168 - 1,693 12,920 U.S. Treasury, general account 4,734 - 119 - 916 3,922 Foreign official 85 + 1 - 89 81 Service-related 8,652 - 14 - 1,311 8,652 Required clearing balances 8,652 - 1 - 1,311 8,652 Adjustments to compensate for float 0 - 13 0 0 Other 1,602 + 1,299 + 622 265 Other liabilities and capital 30,892 - 1,757 + 4,804 30,961 Total factors, other than reserve balances, absorbing reserve funds 870,303 + 2,857 + 42,249 863,913 Reserve balances with Federal Reserve Banks 12,346 + 3,551 - 932 17,171 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,523,543 + 4,480 + 179,333 1,523,301 U.S. Treasury 1,095,985 - 3,749 + 28,840 1,095,340 Federal agency 427,558 + 8,229 + 150,493 427,961 Securities lent to dealers 3,695 + 2,399 - 1,912 1,849 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 Jan 4, 2006 Dec 28, 2005 Jan 5, 2005 Assets Gold certificate account 11,039 + 2 - 2 Special drawing rights certificate account 2,200 0 0 Coin 683 - 5 - 36 Securities, repurchase agreements, and loans 789,407 - 167 + 37,042 Securities held outright 742,870 - 1,340 + 25,049 U.S. Treasury1 742,870 - 1,340 + 25,049 Bills2 271,270 0 + 8,300 Notes and bonds, nominal2 448,274 - 1,321 + 11,845 Notes and bonds, inflation-indexed2 19,983 0 + 3,875 Inflation compensation3 3,342 - 20 + 1,029 Federal agency2 0 0 0 Repurchase agreements4 46,500 + 1,250 + 12,000 Loans 37 - 77 - 7 Items in process of collection (2,319) 11,813 + 4,063 + 2,272 Bank premises 1,820 - 6 + 46 Other assets5 37,604 + 265 - 2,023 Total assets (2,319) 854,566 + 4,152 + 37,299 Liabilities Federal Reserve notes, net of F.R. Bank holdings 756,534 - 2,712 + 38,053 Reverse repurchase agreements6 27,567 - 2,805 - 1,080 Deposits (0) 30,103 + 8,437 - 6,827 Depository institutions 25,835 + 8,773 - 5,983 U.S. Treasury, general account 3,922 - 321 - 869 Foreign official 81 - 4 - 12 Other (0) 265 - 11 + 36 Deferred availability cash items (2,318) 9,401 + 2,704 + 1,712 Other liabilities and accrued dividends7 3,910 - 509 + 1,165 Total liabilities (2,319) 827,515 + 5,115 + 33,022 Capital accounts Capital paid in 13,542 + 6 + 1,696 Surplus 12,905 + 1,275 + 2,085 Other capital accounts 604 - 2,245 + 495 Total capital 27,051 - 963 + 4,277 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, January 4, 2006 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 17 49,527 - 7,645 0 0 46,500 27,567 16 days to 90 days 19 164,093 + 8,234 0 0 0 0 91 days to 1 year 0 185,897 - 628 0 0 . . . . . . Over 1 year to 5 years . . . 209,454 - 1,289 0 0 . . . . . . Over 5 years to 10 years . . . 56,694 - 4 0 0 . . . . . . Over 10 years . . . 77,204 - 9 0 0 . . . . . . All 37 742,870 - 1,340 0 0 46,500 27,567 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 January 4, 2006 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 9 5 1 0 4,3 5 7 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 3 3 1 4 9 3 5 5 4 6 6 9 0 7 8 4 2 2 2 6 0 6 5 92 Securities, repurchase agreements, and loans 789,4 0 7 38,0 0 7 341,0 7 4 26,3 5 3 31,3 8 3 56,6 9 3 57,4 8 1 66,9 0 6 23,0 5 2 15,5 1 7 21,0 2 2 36,5 9 0 75,328 Securities held outright 742,8 7 0 38,0 0 7 294,5 7 4 26,3 5 3 31,3 8 3 56,6 9 3 57,4 7 2 66,8 9 9 23,0 5 2 15,5 1 5 21,0 1 1 36,5 8 7 75,322 U.S. Treasury1 742,8 7 0 38,0 0 7 294,5 7 4 26,3 5 3 31,3 8 3 56,6 9 3 57,4 7 2 66,8 9 9 23,0 5 2 15,5 1 5 21,0 1 1 36,5 8 7 75,322 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 471,5 9 9 24,1 2 8 187,0 0 6 16,7 3 0 19,9 2 3 35,9 9 1 36,4 8 5 42,4 7 0 14,6 3 4 9,8 5 0 13,3 3 9 23,2 2 7 47,817 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 46,5 0 0 0 46,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 7 0 0 0 0 0 9 7 0 2 1 1 3 6 Items in process of collection 14,1 3 2 8 3 3 7 0 8 7 8 5 1,4 6 8 9 5 0 2,0 4 6 9 0 6 5 1 1 6 4 1 1,2 7 2 1,8 8 6 2,126 Bank premises 1,8 2 0 1 1 1 2 0 4 5 3 1 5 7 1 5 3 2 3 2 2 1 1 6 9 1 1 9 8 4 2 6 1 164 Other assets5 37,6 0 4 3,2 3 1 14,2 9 0 1,1 1 7 2,4 5 1 4,8 1 2 2,1 1 1 2,6 1 6 9 0 0 7 4 9 6 8 5 9 9 6 3,643 Interdistrict settlement account 0 - 3,3 4 0 -40,7 7 8 + 5,9 8 2 + 1,4 3 5 + 6,9 6 1 + 9,3 7 7 + 1,4 9 0 + 2,0 7 7 + 1 2 9 + 2,1 1 0 - 3,8 6 7 +18,425 Total assets 856,8 8 5 39,4 9 9 320,7 7 8 34,8 4 1 37,5 0 5 70,6 1 9 72,4 4 8 73,3 4 7 27,0 4 9 17,4 1 9 25,6 1 7 36,5 7 8 101,185 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 January 4, 2006 (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 906,4 8 7 39,1 7 5 327,6 8 4 37,2 8 9 36,5 3 0 69,7 9 0 84,3 9 9 76,9 7 2 28,0 9 9 17,9 0 7 27,7 9 4 50,2 4 1 110,608 Less: notes held by F.R. Banks 149,9 5 3 4,5 2 4 44,0 0 2 6,4 3 0 5,0 5 8 11,7 5 8 19,4 7 1 10,5 1 7 3,4 0 2 2,8 1 6 5,0 3 2 17,1 5 9 19,784 Federal Reserve notes, net 756,5 3 4 34,6 5 0 283,6 8 2 30,8 5 9 31,4 7 2 58,0 3 2 64,9 2 9 66,4 5 5 24,6 9 7 15,0 9 2 22,7 6 2 33,0 8 2 90,824 Reverse repurchase agreements1 27,5 6 7 1,4 1 0 10,9 3 1 9 7 8 1,1 6 5 2,1 0 4 2,1 3 3 2,4 8 3 8 5 5 5 7 6 7 8 0 1,3 5 8 2,795 Deposits 30,1 0 3 1,6 4 3 16,0 4 7 4 8 8 1,3 8 6 2,0 2 5 2,0 1 3 1,4 0 0 7 8 3 3 4 6 7 3 3 6 6 3 2,576 Depository institutions 25,8 3 5 1,6 3 7 11,9 0 8 4 8 4 1,3 8 0 1,9 2 7 2,0 1 1 1,3 9 6 7 8 1 3 4 5 7 3 1 6 6 3 2,571 U.S. Treasury, general account 3,9 2 2 0 3,9 2 2 0 0 0 0 0 0 0 0 0 0 Foreign official 8 1 5 5 2 1 4 7 2 3 1 1 1 0 4 Other 2 6 5 0 1 6 4 3 2 9 1 0 1 1 0 1 0 0 Deferred availability cash items 11,7 1 9 8 9 0 1,1 4 2 8 7 8 1,2 2 2 7 9 0 1,2 3 1 8 4 1 2 6 0 7 9 9 8 5 3 9 4 5 1,868 Other liabilities and accrued dividends2 3,9 1 0 2 1 3 1,3 6 7 1 6 2 1 8 9 3 5 6 3 2 2 3 6 3 1 4 7 1 0 5 1 2 4 2 0 7 356 Total liabilities 829,8 3 4 38,8 0 6 313,1 6 9 33,3 6 4 35,4 3 3 63,3 0 7 70,6 2 7 71,5 4 1 26,7 4 3 16,9 1 8 25,2 5 2 36,2 5 5 98,419 Capital Capital paid in 13,5 4 2 3 1 7 3,6 8 5 7 4 4 1,0 1 4 3,9 4 2 8 9 2 8 8 4 1 4 4 2 4 3 1 7 5 1 5 3 1,349 Surplus 12,9 0 5 3 1 7 3,6 8 5 7 3 3 1,0 1 3 3,3 2 2 8 9 2 8 7 6 1 4 4 2 4 5 1 7 5 1 5 3 1,349 Other capital 6 0 4 5 9 2 4 0 0 4 4 4 8 3 6 4 6 1 8 1 3 1 5 1 7 68 Total liabilities and capital 856,8 8 5 39,4 9 9 320,7 7 8 34,8 4 1 37,5 0 5 70,6 1 9 72,4 4 8 73,3 4 7 27,0 4 9 17,4 1 9 25,6 1 7 36,5 7 8 101,185 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 Jan 4, 2006 Federal Reserve notes outstanding 906,487 Less: Notes held by F.R. Banks not subject to collateralization 149,953 Federal Reserve notes to be collateralized 756,534 Collateral held against Federal Reserve notes 756,534 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 743,295 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 789,370 Less: face value of securities under reverse repurchase agreements 27,601 U.S. Treasury and agency securities eligible to be pledged 761,769 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.