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 February 2, 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 Feb 1, 2006 Jan 25, 2006 Feb 2, 2005 Feb 1, 2006 Reserve Bank credit 814,350 + 2,389 + 30,123 813,158 Securities held outright 748,672 + 2,744 + 30,817 748,840 U.S. Treasury1 748,672 + 2,744 + 30,817 748,840 Bills2 272,837 + 3 + 9,857 272,854 Notes and bonds, nominal2 451,671 + 2,282 + 16,528 450,580 Notes and bonds, inflation-indexed2 20,936 + 505 + 3,542 22,196 Inflation compensation3 3,229 - 45 + 892 3,210 Federal agency2 0 0 0 0 Repurchase agreements4 25,393 - 250 - 928 23,000 Loans to depository institutions 40 + 1 - 21 55 Primary credit 11 + 1 - 31 30 Secondary credit 0 0 0 0 Seasonal credit 29 + 1 + 10 25 Float -177 - 290 - 241 1,054 Other Federal Reserve assets 40,423 + 184 + 496 40,208 Gold stock 11,043 0 0 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,666 + 14 + 232 36,666 Total factors supplying reserve funds 864,259 + 2,403 + 30,355 863,068 Currency in circulation5 781,146 - 1,029 + 34,135 783,830 Reverse repurchase agreements6 23,811 + 235 - 2,994 23,180 Foreign official and international accounts 23,811 + 235 - 2,994 23,180 Dealers 0 0 0 0 Treasury cash holdings 215 + 6 - 57 208 Deposits with F.R. Banks, other than reserve balances 14,169 - 295 - 260 14,194 U.S. Treasury, general account 5,117 - 197 + 47 5,095 Foreign official 83 + 1 - 14 83 Service-related 8,695 0 - 251 8,695 Required clearing balances 8,695 0 - 251 8,695 Adjustments to compensate for float 0 0 0 0 Other 274 - 98 - 42 321 Other liabilities and capital 31,486 + 57 + 4,871 30,948 Total factors, other than reserve balances, absorbing reserve funds 850,827 - 1,027 + 35,695 852,360 Reserve balances with Federal Reserve Banks 13,432 + 3,429 - 5,340 10,708 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,540,038 + 3,168 + 193,543 1,542,207 U.S. Treasury 1,101,638 - 2,686 + 39,838 1,103,969 Federal agency 438,400 + 5,854 + 153,705 438,238 Securities lent to dealers 3,713 + 1,442 + 74 4,448 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 Feb 1, 2006 Jan 25, 2006 Feb 2, 2005 Assets Gold certificate account 11,040 + 1 + 2 Special drawing rights certificate account 2,200 0 0 Coin 810 + 40 + 4 Securities, repurchase agreements, and loans 771,896 + 278 + 29,665 Securities held outright 748,840 + 2,252 + 30,942 U.S. Treasury1 748,840 + 2,252 + 30,942 Bills2 272,854 + 20 + 9,849 Notes and bonds, nominal2 450,580 + 515 + 17,151 Notes and bonds, inflation-indexed2 22,196 + 1,765 + 3,088 Inflation compensation3 3,210 - 48 + 854 Federal agency2 0 0 0 Repurchase agreements4 23,000 - 2,000 - 1,250 Loans 55 + 25 - 28 Items in process of collection (1,482) 8,508 + 2,922 + 562 Bank premises 1,824 + 1 + 43 Other assets5 38,386 - 236 - 1,980 Total assets (1,482) 834,663 + 3,004 + 28,295 Liabilities Federal Reserve notes, net of F.R. Bank holdings 748,178 + 1,725 + 33,929 Reverse repurchase agreements6 23,180 + 1,489 - 4,692 Deposits (0) 24,905 - 940 - 4,836 Depository institutions 19,406 - 717 - 4,773 U.S. Treasury, general account 5,095 - 171 - 2 Foreign official 83 + 2 - 73 Other (0) 321 - 53 + 12 Deferred availability cash items (1,482) 7,453 + 1,055 - 503 Other liabilities and accrued dividends7 4,102 + 66 + 1,268 Total liabilities (1,482) 807,818 + 3,394 + 25,166 Capital accounts Capital paid in 13,558 + 7 + 1,121 Surplus 12,879 - 22 + 1,883 Other capital accounts 408 - 375 + 125 Total capital 26,845 - 390 + 3,129 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, February 1, 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 35 54,102 - 5,245 0 0 23,000 23,180 16 days to 90 days 20 162,842 + 6,692 0 0 0 0 91 days to 1 year 0 186,158 - 2,706 0 0 . . . . . . Over 1 year to 5 years . . . 209,981 + 1,702 0 0 . . . . . . Over 5 years to 10 years . . . 56,647 + 70 0 0 . . . . . . Over 10 years . . . 79,111 + 1,740 0 0 . . . . . . All 55 748,840 + 2,252 0 0 23,000 23,180 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 February 1, 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 4 0 5 1 0 4,3 5 8 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 8 1 0 3 3 5 6 4 2 6 2 8 9 1 1 0 9 3 4 6 3 0 6 8 7 5 105 Securities, repurchase agreements, and loans 771,8 9 6 38,3 1 8 319,9 4 1 26,5 6 5 31,6 3 5 57,1 4 9 57,9 3 4 67,4 5 2 23,2 6 7 15,6 4 1 21,1 8 4 36,8 8 2 75,928 Securities held outright 748,8 4 0 38,3 1 3 296,9 4 1 26,5 6 5 31,6 3 5 57,1 4 9 57,9 3 4 67,4 3 7 23,2 3 7 15,6 4 0 21,1 8 0 36,8 8 2 75,928 U.S. Treasury1 748,8 4 0 38,3 1 3 296,9 4 1 26,5 6 5 31,6 3 5 57,1 4 9 57,9 3 4 67,4 3 7 23,2 3 7 15,6 4 0 21,1 8 0 36,8 8 2 75,928 Bills2 272,8 5 4 13,9 6 0 108,1 9 6 9,6 7 9 11,5 2 7 20,8 2 3 21,1 0 9 24,5 7 2 8,4 6 7 5,6 9 9 7,7 1 7 13,4 3 8 27,666 Notes and bonds3 475,9 8 6 24,3 5 3 188,7 4 5 16,8 8 5 20,1 0 8 36,3 2 6 36,8 2 5 42,8 6 5 14,7 7 0 9,9 4 1 13,4 6 3 23,4 4 3 48,262 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 23,0 0 0 0 23,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 5 5 5 0 0 0 0 0 1 6 2 9 1 4 0 0 Items in process of collection 9,9 8 9 4 9 8 7 4 2 5 3 7 1,1 8 0 5 1 8 1,7 1 8 3 6 0 5 6 9 4 8 4 7 3 1 8 8 3 1,770 Bank premises 1,8 2 4 1 1 2 2 0 5 5 4 1 5 7 1 5 3 2 3 2 2 1 0 6 9 1 1 9 8 8 2 6 0 165 Other assets5 38,3 8 6 3,2 6 9 14,5 6 3 1,1 4 5 2,4 8 2 4,8 8 3 2,1 7 8 2,6 9 0 9 4 3 7 5 8 7 1 2 1,0 4 1 3,724 Interdistrict settlement account 0 - 5,1 7 8 -31,6 9 3 + 4,7 9 4 - 5 4 + 7,4 0 6 +11,6 6 8 - 5 1 + 9 4 4 - 5 8 8 + 1,6 6 5 - 3,9 0 5 +14,992 Total assets 836,1 4 5 37,6 7 8 309,0 4 6 33,6 5 1 36,0 1 9 71,1 8 0 74,9 5 1 71,8 9 4 26,2 3 6 16,6 8 6 24,8 3 2 35,8 8 3 98,090 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 February 1, 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 909,1 5 7 39,1 6 5 326,1 8 5 37,2 7 2 36,2 2 8 71,0 0 5 88,3 8 0 77,3 9 9 27,9 4 8 17,7 7 5 27,7 1 8 49,9 0 8 110,171 Less: notes held by F.R. Banks 160,9 7 9 5,1 7 1 47,1 7 0 7,4 0 5 5,5 5 7 12,4 4 9 20,8 6 1 12,1 5 4 3,6 6 7 2,8 9 4 5,3 7 0 17,0 1 3 21,268 Federal Reserve notes, net 748,1 7 8 33,9 9 4 279,0 1 5 29,8 6 8 30,6 7 1 58,5 5 6 67,5 1 9 65,2 4 5 24,2 8 1 14,8 8 0 22,3 4 8 32,8 9 5 88,904 Reverse repurchase agreements1 23,1 8 0 1,1 8 6 9,1 9 2 8 2 2 9 7 9 1,7 6 9 1,7 9 3 2,0 8 7 7 1 9 4 8 4 6 5 6 1,1 4 2 2,350 Deposits 24,9 0 5 9 8 0 10,8 0 0 5 6 3 1,3 5 7 2,3 5 4 2,1 6 2 1,8 7 9 5 6 1 3 3 9 7 2 7 7 9 8 2,385 Depository institutions 19,4 0 6 9 7 3 5,4 7 6 5 6 1 1,3 5 3 2,2 1 1 2,1 6 0 1,8 7 6 5 5 5 3 3 8 7 2 6 7 9 6 2,381 U.S. Treasury, general account 5,0 9 5 0 5,0 9 5 0 0 0 0 0 0 0 0 0 0 Foreign official 8 3 5 5 5 1 4 7 2 3 1 1 1 0 4 Other 3 2 1 1 1 7 3 2 0 1 3 6 0 1 5 0 1 1 0 Deferred availability cash items 8,9 3 5 6 6 7 1,0 9 1 7 3 8 7 9 2 7 1 5 1,3 2 7 5 1 2 2 2 1 3 8 2 6 0 9 5 1 7 1,364 Other liabilities and accrued dividends2 4,1 0 2 2 2 3 1,4 4 2 1 6 6 2 0 2 3 7 9 3 3 5 3 7 5 1 5 3 1 1 1 1 3 0 2 0 7 380 Total liabilities 809,3 0 0 37,0 5 0 301,5 4 0 32,1 5 7 34,0 0 1 63,7 7 3 73,1 3 6 70,0 9 9 25,9 3 6 16,1 9 7 24,4 7 1 35,5 5 8 95,384 Capital Capital paid in 13,5 5 8 3 2 3 3,6 8 8 7 4 4 1,0 1 4 3,9 4 4 8 9 3 8 8 4 1 4 4 2 4 3 1 7 5 1 5 3 1,352 Surplus 12,8 7 9 3 0 4 3,6 8 5 7 4 4 1,0 0 4 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 4 0 8 0 1 3 2 6 0 1 5 6 3 0 3 5 1 2 1 1 1 2 0 5 Total liabilities and capital 836,1 4 5 37,6 7 8 309,0 4 6 33,6 5 1 36,0 1 9 71,1 8 0 74,9 5 1 71,8 9 4 26,2 3 6 16,6 8 6 24,8 3 2 35,8 8 3 98,090 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 Feb 1, 2006 Federal Reserve notes outstanding 909,157 Less: Notes held by F.R. Banks not subject to collateralization 160,979 Federal Reserve notes to be collateralized 748,178 Collateral held against Federal Reserve notes 748,178 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 734,938 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 771,840 Less: face value of securities under reverse repurchase agreements 23,206 U.S. Treasury and agency securities eligible to be pledged 748,635 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.