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 12, 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 11, 2006 Jan 4, 2006 Jan 12, 2005 Jan 11, 2006 Reserve Bank credit 815,874 - 16,920 + 35,197 810,656 Securities held outright 744,249 + 418 + 26,427 744,479 U.S. Treasury1 744,249 + 418 + 26,427 744,479 Bills2 271,410 + 140 + 8,440 271,585 Notes and bonds, nominal2 449,118 - 99 + 12,689 449,118 Notes and bonds, inflation-indexed2 20,367 + 384 + 4,259 20,431 Inflation compensation3 3,354 - 6 + 1,039 3,345 Federal agency2 0 0 0 0 Repurchase agreements4 30,393 - 18,357 + 7,500 25,000 Loans to depository institutions 39 - 25 - 26 79 Primary credit 16 + 9 - 29 55 Secondary credit 0 0 0 0 Seasonal credit 23 - 34 + 3 24 Float 1,301 + 448 + 662 940 Other Federal Reserve assets 39,892 + 596 + 634 40,157 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,624 + 14 + 190 36,624 Total factors supplying reserve funds 865,742 - 16,905 + 35,386 860,523 Currency in circulation5 786,833 - 6,872 + 36,794 785,128 Reverse repurchase agreements6 25,148 - 5,283 - 4,816 25,020 Foreign official and international accounts 25,148 - 5,283 - 4,816 25,020 Dealers 0 0 0 0 Treasury cash holdings 203 + 1 - 70 211 Deposits with F.R. Banks, other than reserve balances 14,538 - 535 - 524 14,247 U.S. Treasury, general account 4,795 + 61 - 350 4,465 Foreign official 82 - 3 + 3 81 Service-related 9,374 + 722 - 218 9,374 Required clearing balances 9,374 + 722 - 218 9,374 Adjustments to compensate for float 0 0 0 0 Other 287 - 1,315 + 40 327 Other liabilities and capital 31,464 + 572 + 5,759 31,206 Total factors, other than reserve balances, absorbing reserve funds 858,186 - 12,117 + 37,143 855,812 Reserve balances with Federal Reserve Banks 7,556 - 4,788 - 1,757 4,711 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,530,905 + 7,362 + 179,849 1,535,448 U.S. Treasury 1,100,908 + 4,923 + 29,348 1,106,955 Federal agency 429,998 + 2,440 + 150,502 428,492 Securities lent to dealers 2,127 - 1,568 - 542 2,516 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 11, 2006 Jan 4, 2006 Jan 12, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 708 + 25 - 29 Securities, repurchase agreements, and loans 769,558 - 19,849 + 33,435 Securities held outright 744,479 + 1,609 + 26,656 U.S. Treasury1 744,479 + 1,609 + 26,656 Bills2 271,585 + 315 + 8,615 Notes and bonds, nominal2 449,118 + 844 + 12,689 Notes and bonds, inflation-indexed2 20,431 + 448 + 4,323 Inflation compensation3 3,345 + 3 + 1,029 Federal agency2 0 0 0 Repurchase agreements4 25,000 - 21,500 + 6,750 Loans 79 + 42 + 29 Items in process of collection (1,515) 8,057 - 3,756 + 63 Bank premises 1,821 + 1 + 45 Other assets5 38,693 + 1,089 - 1,468 Total assets (1,515) 832,075 - 22,491 + 32,043 Liabilities Federal Reserve notes, net of F.R. Bank holdings 749,419 - 7,115 + 35,568 Reverse repurchase agreements6 25,020 - 2,547 - 2,211 Deposits (0) 19,314 - 10,789 - 6,718 Depository institutions 14,441 - 11,394 - 6,268 U.S. Treasury, general account 4,465 + 543 - 486 Foreign official 81 0 - 7 Other (0) 327 + 62 + 43 Deferred availability cash items (1,515) 7,116 - 2,285 + 393 Other liabilities and accrued dividends7 3,967 + 57 + 1,164 Total liabilities (1,515) 804,837 - 22,678 + 28,197 Capital accounts Capital paid in 13,543 + 1 + 1,535 Surplus 12,916 + 11 + 1,963 Other capital accounts 780 + 176 + 349 Total capital 27,239 + 188 + 3,847 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 11, 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 57 50,987 + 1,460 0 0 25,000 25,020 16 days to 90 days 22 163,274 - 819 0 0 0 0 91 days to 1 year 0 185,571 - 326 0 0 . . . . . . Over 1 year to 5 years . . . 210,059 + 605 0 0 . . . . . . Over 5 years to 10 years . . . 57,306 + 612 0 0 . . . . . . Over 10 years . . . 77,283 + 79 0 0 . . . . . . All 79 744,479 + 1,609 0 0 25,000 25,020 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 11, 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 7 0 8 3 0 5 0 3 6 5 3 7 1 9 5 8 6 4 3 2 5 6 3 6 6 90 Securities, repurchase agreements, and loans 769,5 5 8 38,0 9 0 320,2 1 3 26,4 1 0 31,4 5 1 56,8 1 7 57,5 9 7 67,0 5 6 23,1 0 2 15,5 5 0 21,0 6 6 36,6 6 9 75,539 Securities held outright 744,4 7 9 38,0 9 0 295,2 1 2 26,4 1 0 31,4 5 1 56,8 1 6 57,5 9 7 67,0 4 4 23,1 0 2 15,5 4 9 21,0 5 7 36,6 6 7 75,485 U.S. Treasury1 744,4 7 9 38,0 9 0 295,2 1 2 26,4 1 0 31,4 5 1 56,8 1 6 57,5 9 7 67,0 4 4 23,1 0 2 15,5 4 9 21,0 5 7 36,6 6 7 75,485 Bills2 271,5 8 5 13,8 9 5 107,6 9 3 9,6 3 4 11,4 7 3 20,7 2 6 21,0 1 1 24,4 5 7 8,4 2 8 5,6 7 2 7,6 8 2 13,3 7 6 27,537 Notes and bonds3 472,8 9 4 24,1 9 5 187,5 1 9 16,7 7 6 19,9 7 7 36,0 9 0 36,5 8 6 42,5 8 6 14,6 7 4 9,8 7 7 13,3 7 5 23,2 9 1 47,949 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 25,0 0 0 0 25,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 7 9 0 1 0 0 1 0 1 3 0 1 9 2 53 Items in process of collection 9,5 7 2 5 1 8 5 3 0 6 0 7 7 5 9 9 3 4 1,7 6 4 4 2 1 3 3 2 3 6 3 8 1 3 8 2 1 1,710 Bank premises 1,8 2 1 1 1 1 2 0 6 5 3 1 5 7 1 5 3 2 3 2 2 1 0 6 9 1 1 9 8 4 2 6 1 164 Other assets5 38,6 9 3 3,2 8 4 14,5 2 2 1,1 4 2 2,4 9 6 4,9 1 1 2,4 2 7 2,6 7 3 9 1 9 7 6 5 7 0 2 1,1 3 2 3,719 Interdistrict settlement account 0 - 4,5 0 6 -32,0 1 1 + 5,6 9 5 + 2 6 4 + 6,0 4 1 + 8,4 8 5 + 5 4 5 + 1,5 2 1 - 1 7 3 + 1,8 5 3 - 3,9 2 8 +16,214 Total assets 833,5 9 0 38,1 5 2 308,7 4 1 34,4 5 8 35,7 3 7 69,9 1 0 71,7 1 1 72,1 3 2 26,3 8 4 16,8 9 1 24,9 6 5 35,6 6 7 98,843 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 11, 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 908,5 0 8 39,1 5 2 327,5 7 0 37,4 4 2 36,4 4 9 70,0 7 2 86,0 0 7 77,5 8 0 28,0 7 2 17,8 9 7 27,7 3 3 50,0 8 3 110,451 Less: notes held by F.R. Banks 159,0 9 0 4,7 6 0 46,6 3 2 7,1 7 6 5,5 4 0 12,1 7 1 21,0 6 6 11,6 0 8 3,6 8 1 2,8 8 2 5,2 8 5 17,5 4 1 20,748 Federal Reserve notes, net 749,4 1 9 34,3 9 3 280,9 3 8 30,2 6 6 30,9 1 0 57,9 0 0 64,9 4 2 65,9 7 2 24,3 9 1 15,0 1 5 22,4 4 7 32,5 4 2 89,703 Reverse repurchase agreements1 25,0 2 0 1,2 8 0 9,9 2 1 8 8 8 1,0 5 7 1,9 0 9 1,9 3 6 2,2 5 3 7 7 6 5 2 3 7 0 8 1,2 3 2 2,537 Deposits 19,3 1 4 8 5 5 7,7 6 9 1,0 0 2 7 5 0 1,6 7 1 1,6 0 0 1,2 5 7 5 1 6 3 4 5 6 2 9 7 6 8 2,151 Depository institutions 14,4 4 1 8 4 6 3,0 9 4 1,0 0 1 7 4 4 1,5 0 4 1,5 9 8 1,2 5 4 5 1 4 3 4 4 6 2 7 7 6 8 2,147 U.S. Treasury, general account 4,4 6 5 0 4,4 6 5 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 3 2 7 4 1 5 8 0 3 1 6 0 0 1 1 0 1 0 0 Deferred availability cash items 8,6 3 2 7 2 0 1,0 7 6 6 3 8 7 4 4 7 0 7 1,0 6 9 4 5 2 2 4 4 3 9 6 6 8 7 5 8 1 1,318 Other liabilities and accrued dividends2 3,9 6 7 2 1 5 1,3 8 8 1 6 5 2 0 7 3 4 1 3 2 7 3 7 2 1 4 9 1 1 0 1 2 7 2 0 7 359 Total liabilities 806,3 5 2 37,4 6 3 301,0 9 2 32,9 5 9 33,6 6 7 62,5 3 0 69,8 7 3 70,3 0 7 26,0 7 5 16,3 8 8 24,5 9 8 35,3 3 1 96,068 Capital Capital paid in 13,5 4 3 3 1 7 3,6 8 5 7 4 4 1,0 1 4 3,9 4 3 8 9 3 8 8 4 1 4 4 2 4 3 1 7 5 1 5 3 1,349 Surplus 12,9 1 6 3 1 7 3,6 8 5 7 4 4 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 7 8 0 5 5 2 7 9 1 1 4 2 1 1 6 5 3 6 5 2 0 1 4 1 7 3 1 77 Total liabilities and capital 833,5 9 0 38,1 5 2 308,7 4 1 34,4 5 8 35,7 3 7 69,9 1 0 71,7 1 1 72,1 3 2 26,3 8 4 16,8 9 1 24,9 6 5 35,6 6 7 98,843 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 11, 2006 Federal Reserve notes outstanding 908,508 Less: Notes held by F.R. Banks not subject to collateralization 159,090 Federal Reserve notes to be collateralized 749,419 Collateral held against Federal Reserve notes 749,419 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 736,180 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 769,479 Less: face value of securities under reverse repurchase agreements 25,050 U.S. Treasury and agency securities eligible to be pledged 744,429 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.