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 26, 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 25, 2006 Jan 18, 2006 Jan 26, 2005 Jan 25, 2006 Reserve Bank credit 811,962 - 4,476 + 31,409 811,284 Securities held outright 745,928 + 409 + 28,101 746,588 U.S. Treasury1 745,928 + 409 + 28,101 746,588 Bills2 272,834 + 179 + 9,864 272,834 Notes and bonds, nominal2 449,389 + 271 + 12,960 450,065 Notes and bonds, inflation-indexed2 20,431 0 + 4,323 20,431 Inflation compensation3 3,274 - 41 + 955 3,258 Federal agency2 0 0 0 0 Repurchase agreements4 25,643 - 3,928 + 3,750 25,000 Loans to depository institutions 39 - 282 - 38 30 Primary credit 10 - 282 - 45 2 Secondary credit 0 0 0 0 Seasonal credit 28 - 1 + 6 28 Float 113 - 733 - 1,042 -777 Other Federal Reserve assets 40,239 + 58 + 637 40,443 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,652 + 14 + 218 36,652 Total factors supplying reserve funds 861,857 - 4,462 + 31,625 861,180 Currency in circulation5 782,175 - 2,767 + 35,299 782,123 Reverse repurchase agreements6 23,576 - 993 - 3,877 21,691 Foreign official and international accounts 23,576 - 993 - 3,877 21,691 Dealers 0 0 0 0 Treasury cash holdings 209 - 1 - 83 216 Deposits with F.R. Banks, other than reserve balances 14,466 - 84 - 144 14,420 U.S. Treasury, general account 5,314 + 504 + 62 5,266 Foreign official 82 - 6 - 1 81 Service-related 8,698 - 676 - 247 8,698 Required clearing balances 8,698 - 676 - 245 8,698 Adjustments to compensate for float 0 0 - 2 0 Other 372 + 94 + 42 374 Other liabilities and capital 31,429 + 9 + 5,195 31,272 Total factors, other than reserve balances, absorbing reserve funds 851,856 - 3,836 + 36,391 849,722 Reserve balances with Federal Reserve Banks 10,001 - 626 - 4,767 11,457 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,536,870 + 4,159 + 189,500 1,541,330 U.S. Treasury 1,104,324 + 3,000 + 34,276 1,103,406 Federal agency 432,546 + 1,160 + 155,224 437,924 Securities lent to dealers 2,271 + 573 + 1,067 2,916 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 25, 2006 Jan 18, 2006 Jan 26, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 770 + 41 - 15 Securities, repurchase agreements, and loans 771,618 + 627 + 24,972 Securities held outright 746,588 + 903 + 28,761 U.S. Treasury1 746,588 + 903 + 28,761 Bills2 272,834 0 + 9,864 Notes and bonds, nominal2 450,065 + 947 + 13,636 Notes and bonds, inflation-indexed2 20,431 0 + 4,323 Inflation compensation3 3,258 - 44 + 938 Federal agency2 0 0 0 Repurchase agreements4 25,000 + 1,750 - 3,750 Loans 30 - 2,026 - 39 Items in process of collection (1,199) 5,586 - 8,360 - 618 Bank premises 1,823 + 1 + 45 Other assets5 38,622 + 574 - 1,587 Total assets (1,199) 831,659 - 7,116 + 22,797 Liabilities Federal Reserve notes, net of F.R. Bank holdings 746,453 - 2,719 + 34,461 Reverse repurchase agreements6 21,691 - 3,038 - 9,383 Deposits (0) 25,845 + 1,210 - 7,523 Depository institutions 20,123 + 1,292 - 7,735 U.S. Treasury, general account 5,266 - 163 + 149 Foreign official 81 + 3 + 5 Other (0) 374 + 76 + 57 Deferred availability cash items (1,199) 6,398 - 2,933 + 238 Other liabilities and accrued dividends7 4,036 + 85 + 1,200 Total liabilities (1,199) 804,424 - 7,394 + 18,995 Capital accounts Capital paid in 13,551 + 3 + 1,531 Surplus 12,901 - 15 + 1,907 Other capital accounts 783 + 290 + 363 Total capital 27,235 + 278 + 3,802 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 25, 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 30 59,347 + 541 0 0 25,000 21,691 16 days to 90 days 0 156,150 - 594 0 0 0 0 91 days to 1 year 0 188,864 + 48 0 0 . . . . . . Over 1 year to 5 years . . . 208,279 - 14 0 0 . . . . . . Over 5 years to 10 years . . . 56,577 + 815 0 0 . . . . . . Over 10 years . . . 77,371 + 107 0 0 . . . . . . All 30 746,588 + 903 0 0 25,000 21,691 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 25, 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 7 0 3 3 5 5 3 8 6 0 8 3 1 0 3 9 1 4 6 2 8 6 6 7 1 97 Securities, repurchase agreements, and loans 771,6 1 8 38,2 0 3 321,0 4 8 26,4 8 5 31,5 4 0 56,9 7 8 57,7 6 0 67,2 5 0 23,1 6 8 15,5 9 6 21,1 2 0 36,7 7 1 75,700 Securities held outright 746,5 8 8 38,1 9 8 296,0 4 8 26,4 8 5 31,5 4 0 56,9 7 7 57,7 6 0 67,2 3 4 23,1 6 7 15,5 9 3 21,1 1 7 36,7 7 1 75,699 U.S. Treasury1 746,5 8 8 38,1 9 8 296,0 4 8 26,4 8 5 31,5 4 0 56,9 7 7 57,7 6 0 67,2 3 4 23,1 6 7 15,5 9 3 21,1 1 7 36,7 7 1 75,699 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 473,7 5 5 24,2 3 9 187,8 6 0 16,8 0 6 20,0 1 4 36,1 5 5 36,6 5 2 42,6 6 4 14,7 0 1 9,8 9 5 13,4 0 0 23,3 3 3 48,036 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 3 0 5 0 0 0 1 0 1 6 1 3 4 0 1 Items in process of collection 6,7 8 5 4 2 9 4 9 2 3 1 6 5 7 0 3 8 2 1,3 5 6 1 8 5 2 7 9 2 5 3 6 0 7 5 4 3 1,373 Bank premises 1,8 2 3 1 1 2 2 0 6 5 3 1 5 7 1 5 3 2 3 2 2 1 1 7 0 1 1 9 8 4 2 6 1 165 Other assets5 38,6 2 2 3,3 0 7 14,6 3 5 1,1 5 4 2,5 1 1 4,9 2 8 2,1 7 1 2,7 0 5 9 3 3 7 7 3 7 1 2 1,0 4 1 3,753 Interdistrict settlement account 0 - 5,2 4 9 -33,6 2 1 + 5,3 8 1 + 6 0 0 + 7,1 9 6 +11,4 5 1 + 1 6 1 + 1,2 1 9 - 4 2 6 + 1,7 0 2 - 3,7 3 1 +15,317 Total assets 832,8 5 8 37,4 6 0 308,0 4 6 33,9 4 3 35,9 9 5 70,7 0 1 74,1 8 4 71,7 4 3 26,1 1 2 16,5 8 4 24,6 7 6 35,6 0 3 97,811 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 25, 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 910,1 3 9 39,1 1 7 326,4 8 9 37,3 7 2 36,2 9 9 70,8 9 9 88,6 3 2 77,3 9 3 28,0 0 1 17,7 9 8 27,7 3 5 50,0 1 4 110,391 Less: notes held by F.R. Banks 163,6 8 6 5,0 5 7 47,9 8 6 7,3 7 8 5,6 9 8 12,6 6 5 21,3 3 9 12,3 7 8 3,8 7 2 2,9 6 1 5,4 0 9 17,4 0 1 21,542 Federal Reserve notes, net 746,4 5 3 34,0 5 9 278,5 0 3 29,9 9 4 30,6 0 1 58,2 3 4 67,2 9 3 65,0 1 4 24,1 2 9 14,8 3 7 22,3 2 6 32,6 1 4 88,849 Reverse repurchase agreements1 21,6 9 1 1,1 1 0 8,6 0 1 7 6 9 9 1 6 1,6 5 5 1,6 7 8 1,9 5 3 6 7 3 4 5 3 6 1 4 1,0 6 8 2,199 Deposits 25,8 4 5 8 2 5 10,9 7 8 8 3 2 1,6 3 3 2,3 6 3 1,9 5 1 2,1 7 0 6 5 1 3 3 1 6 9 5 9 6 5 2,450 Depository institutions 20,1 2 3 8 2 0 5,4 8 0 8 3 1 1,6 2 8 2,2 5 5 1,9 4 9 2,1 6 7 5 6 0 3 3 0 6 9 4 9 6 3 2,446 U.S. Treasury, general account 5,2 6 6 0 5,2 6 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 3 7 4 0 1 7 8 0 1 1 0 0 0 1 9 1 0 1 1 0 Deferred availability cash items 7,5 9 6 5 6 5 9 1 8 6 7 2 5 8 7 6 6 9 1,0 8 8 4 0 4 2 0 3 3 5 1 5 4 3 4 1 7 1,178 Other liabilities and accrued dividends2 4,0 3 6 2 2 2 1,4 1 5 1 6 8 1 9 6 3 5 5 3 3 6 3 7 8 1 5 0 1 1 1 1 3 1 2 0 7 368 Total liabilities 805,6 2 2 36,7 8 1 300,4 1 5 32,4 3 5 33,9 3 4 63,2 7 6 72,3 4 7 69,9 2 1 25,8 0 7 16,0 8 3 24,3 0 9 35,2 7 1 95,044 Capital Capital paid in 13,5 5 1 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 1,352 Surplus 12,9 0 1 3 1 7 3,6 8 5 7 4 4 1,0 1 3 3,3 0 7 8 9 2 8 7 6 1 4 4 2 4 5 1 7 5 1 5 3 1,349 Other capital 7 8 3 4 4 2 5 8 2 0 3 4 1 7 5 5 2 6 2 1 8 1 2 1 6 2 6 66 Total liabilities and capital 832,8 5 8 37,4 6 0 308,0 4 6 33,9 4 3 35,9 9 5 70,7 0 1 74,1 8 4 71,7 4 3 26,1 1 2 16,5 8 4 24,6 7 6 35,6 0 3 97,811 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 25, 2006 Federal Reserve notes outstanding 910,139 Less: Notes held by F.R. Banks not subject to collateralization 163,686 Federal Reserve notes to be collateralized 746,453 Collateral held against Federal Reserve notes 746,453 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 733,214 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 771,588 Less: face value of securities under reverse repurchase agreements 21,714 U.S. Treasury and agency securities eligible to be pledged 749,875 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.