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 19, 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 18, 2006 Jan 11, 2006 Jan 19, 2005 Jan 18, 2006 Reserve Bank credit 816,436 + 562 + 33,129 815,472 Securities held outright 745,519 + 1,270 + 27,694 745,685 U.S. Treasury1 745,519 + 1,270 + 27,694 745,685 Bills2 272,655 + 1,245 + 9,685 272,834 Notes and bonds, nominal2 449,118 0 + 12,689 449,118 Notes and bonds, inflation-indexed2 20,431 + 64 + 4,323 20,431 Inflation compensation3 3,315 - 39 + 998 3,302 Federal agency2 0 0 0 0 Repurchase agreements4 29,571 - 822 + 4,785 23,250 Loans to depository institutions 321 + 282 + 268 2,056 Primary credit 292 + 276 + 257 2,026 Secondary credit 0 0 0 0 Seasonal credit 29 + 6 + 10 31 Float 846 - 455 - 95 4,615 Other Federal Reserve assets 40,179 + 287 + 476 39,866 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,638 + 14 + 204 36,638 Total factors supplying reserve funds 866,318 + 576 + 33,332 865,353 Currency in circulation5 784,942 - 1,891 + 36,097 784,877 Reverse repurchase agreements6 24,569 - 579 - 3,011 24,729 Foreign official and international accounts 24,569 - 579 - 3,011 24,729 Dealers 0 0 0 0 Treasury cash holdings 210 + 7 - 47 207 Deposits with F.R. Banks, other than reserve balances 14,550 + 12 - 251 15,179 U.S. Treasury, general account 4,810 + 15 + 29 5,429 Foreign official 88 + 6 + 7 78 Service-related 9,374 0 - 219 9,374 Required clearing balances 9,374 0 - 218 9,374 Adjustments to compensate for float 0 0 - 2 0 Other 278 - 9 - 68 298 Other liabilities and capital 31,420 - 44 + 5,141 30,907 Total factors, other than reserve balances, absorbing reserve funds 855,692 - 2,494 + 37,931 855,900 Reserve balances with Federal Reserve Banks 10,626 + 3,070 - 4,599 9,453 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,532,711 + 1,806 + 189,133 1,536,010 U.S. Treasury 1,101,324 + 416 + 32,486 1,105,136 Federal agency 431,386 + 1,388 + 156,646 430,874 Securities lent to dealers 1,698 - 429 - 466 5,631 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 18, 2006 Jan 11, 2006 Jan 19, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 729 + 21 - 22 Securities, repurchase agreements, and loans 770,991 + 1,433 + 30,604 Securities held outright 745,685 + 1,206 + 27,860 U.S. Treasury1 745,685 + 1,206 + 27,860 Bills2 272,834 + 1,249 + 9,864 Notes and bonds, nominal2 449,118 0 + 12,689 Notes and bonds, inflation-indexed2 20,431 0 + 4,323 Inflation compensation3 3,302 - 43 + 984 Federal agency2 0 0 0 Repurchase agreements4 23,250 - 1,750 + 750 Loans 2,056 + 1,977 + 1,995 Items in process of collection (2,633) 13,946 + 5,889 + 1,396 Bank premises 1,822 + 1 + 43 Other assets5 38,048 - 645 - 1,789 Total assets (2,633) 838,775 + 6,700 + 30,231 Liabilities Federal Reserve notes, net of F.R. Bank holdings 749,172 - 247 + 35,708 Reverse repurchase agreements6 24,729 - 291 - 2,865 Deposits (0) 24,635 + 5,321 - 7,513 Depository institutions 18,831 + 4,390 - 7,709 U.S. Treasury, general account 5,429 + 964 + 287 Foreign official 78 - 3 - 1 Other (0) 298 - 29 - 89 Deferred availability cash items (2,633) 9,331 + 2,215 - 31 Other liabilities and accrued dividends7 3,951 - 16 + 1,167 Total liabilities (2,633) 811,818 + 6,981 + 26,466 Capital accounts Capital paid in 13,548 + 5 + 1,533 Surplus 12,916 0 + 1,970 Other capital accounts 493 - 287 + 262 Total capital 26,957 - 282 + 3,765 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 18, 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 2,056 58,806 + 7,819 0 0 23,250 24,729 16 days to 90 days 0 156,744 - 6,530 0 0 0 0 91 days to 1 year 0 188,816 + 3,245 0 0 . . . . . . Over 1 year to 5 years . . . 208,293 - 1,766 0 0 . . . . . . Over 5 years to 10 years . . . 55,762 - 1,544 0 0 . . . . . . Over 10 years . . . 77,264 - 19 0 0 . . . . . . All 2,056 745,685 + 1,206 0 0 23,250 24,729 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 18, 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 2 9 3 1 5 1 3 6 5 6 7 5 9 5 8 8 4 4 2 5 6 6 6 7 95 Securities, repurchase agreements, and loans 770,9 9 1 38,1 5 6 320,4 7 3 26,4 5 3 31,5 0 1 57,3 9 0 57,6 9 0 67,1 7 7 23,1 3 9 15,5 7 7 21,0 9 9 36,7 2 6 75,609 Securities held outright 745,6 8 5 38,1 5 1 295,6 9 0 26,4 5 3 31,5 0 1 56,9 0 8 57,6 9 0 67,1 5 2 23,1 3 9 15,5 7 4 21,0 9 1 36,7 2 6 75,608 U.S. Treasury1 745,6 8 5 38,1 5 1 295,6 9 0 26,4 5 3 31,5 0 1 56,9 0 8 57,6 9 0 67,1 5 2 23,1 3 9 15,5 7 4 21,0 9 1 36,7 2 6 75,608 Bills2 272,8 3 4 13,9 5 9 108,1 8 8 9,6 7 9 11,5 2 6 20,8 2 2 21,1 0 8 24,5 7 0 8,4 6 6 5,6 9 8 7,7 1 7 13,4 3 7 27,664 Notes and bonds3 472,8 5 1 24,1 9 2 187,5 0 2 16,7 7 4 19,9 7 6 36,0 8 6 36,5 8 2 42,5 8 2 14,6 7 3 9,8 7 6 13,3 7 4 23,2 8 9 47,944 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 23,2 5 0 0 23,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2,0 5 6 4 1,5 3 3 0 0 4 8 2 0 2 5 0 3 8 0 2 Items in process of collection 16,5 7 9 7 9 9 1,9 0 0 7 1 0 1,5 8 3 1,2 4 7 2,3 1 1 1,3 9 0 6 1 5 4 3 2 1,3 3 0 1,5 1 9 2,744 Bank premises 1,8 2 2 1 1 1 2 0 5 5 3 1 5 7 1 5 3 2 3 2 2 1 1 6 9 1 1 9 8 4 2 6 1 165 Other assets5 38,0 4 8 3,2 6 2 14,4 3 0 1,1 3 5 2,4 8 0 4,8 8 1 2,1 1 3 2,6 5 9 9 1 6 7 6 1 6 9 8 1,0 1 7 3,695 Interdistrict settlement account 0 - 4,8 2 3 -30,5 6 4 + 5,0 5 1 + 2 9 2 + 5,1 4 8 +11,0 2 6 - 9 0 + 1,2 7 0 - 3 3 4 + 1,5 9 9 - 4,1 4 3 +15,566 Total assets 841,4 0 8 38,1 6 1 311,7 2 7 33,9 5 4 36,6 2 7 69,8 7 7 74,5 7 7 72,5 7 5 26,4 5 2 16,8 2 2 25,2 6 0 36,0 9 5 99,281 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 18, 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 909,2 0 2 39,0 2 9 326,9 0 5 37,4 6 7 36,3 6 5 70,0 9 4 87,6 9 5 77,3 0 7 28,0 1 7 17,8 2 1 27,7 1 4 50,1 3 2 110,658 Less: notes held by F.R. Banks 160,0 3 0 4,9 2 1 46,6 7 8 7,2 9 0 5,5 6 2 12,3 9 9 20,9 2 6 11,8 3 2 3,7 3 0 2,9 7 7 5,3 2 6 17,4 4 8 20,941 Federal Reserve notes, net 749,1 7 2 34,1 0 8 280,2 2 7 30,1 7 7 30,8 0 3 57,6 9 4 66,7 6 9 65,4 7 5 24,2 8 7 14,8 4 4 22,3 8 8 32,6 8 4 89,717 Reverse repurchase agreements1 24,7 2 9 1,2 6 5 9,8 0 6 8 7 7 1,0 4 5 1,8 8 7 1,9 1 3 2,2 2 7 7 6 7 5 1 6 6 9 9 1,2 1 8 2,507 Deposits 24,6 3 5 1,0 1 2 11,6 3 4 6 3 1 1,3 7 2 1,7 0 6 2,0 8 5 1,6 8 2 5 6 2 3 1 4 7 0 6 8 1 3 2,120 Depository institutions 18,8 3 1 1,0 0 7 5,9 7 7 6 3 0 1,3 6 7 1,5 8 9 2,0 8 3 1,6 7 8 5 6 0 3 1 3 7 0 5 8 0 8 2,116 U.S. Treasury, general account 5,4 2 9 0 5,4 2 9 0 0 0 0 0 0 0 0 0 0 Foreign official 7 8 5 4 9 1 4 7 2 3 1 1 1 0 4 Other 2 9 8 0 1 7 9 0 1 1 1 0 0 1 1 0 1 4 0 Deferred availability cash items 11,9 6 4 9 1 5 1,1 1 5 6 0 4 1,1 7 8 8 6 2 1,6 6 2 1,0 2 1 3 8 7 5 4 4 9 8 0 8 5 0 1,845 Other liabilities and accrued dividends2 3,9 5 1 2 1 6 1,3 8 7 1 6 3 1 9 2 3 4 4 3 3 0 3 7 0 1 4 8 1 0 9 1 2 8 2 0 3 361 Total liabilities 814,4 5 2 37,5 1 6 304,1 6 9 32,4 5 2 34,5 9 0 62,4 9 4 72,7 5 9 70,7 7 4 26,1 5 1 16,3 2 7 24,9 0 2 35,7 6 7 96,551 Capital Capital paid in 13,5 4 8 3 1 7 3,6 8 8 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 4 9 3 1 1 1 8 4 1 3 1 0 1 1 9 3 3 4 1 1 3 6 8 2 2 32 Total liabilities and capital 841,4 0 8 38,1 6 1 311,7 2 7 33,9 5 4 36,6 2 7 69,8 7 7 74,5 7 7 72,5 7 5 26,4 5 2 16,8 2 2 25,2 6 0 36,0 9 5 99,281 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 18, 2006 Federal Reserve notes outstanding 909,202 Less: Notes held by F.R. Banks not subject to collateralization 160,030 Federal Reserve notes to be collateralized 749,172 Collateral held against Federal Reserve notes 749,172 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 735,933 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 768,935 Less: face value of securities under reverse repurchase agreements 24,757 U.S. Treasury and agency securities eligible to be pledged 744,178 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.