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 9, 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 8, 2006 Feb 1, 2006 Feb 9, 2005 Feb 8, 2006 Reserve Bank credit 809,112 - 5,235 + 32,509 809,669 Securities held outright 748,827 + 155 + 30,941 748,828 U.S. Treasury1 748,827 + 155 + 30,941 748,828 Bills2 272,857 + 20 + 9,852 272,868 Notes and bonds, nominal2 450,580 - 1,091 + 17,151 450,580 Notes and bonds, inflation-indexed2 22,196 + 1,260 + 3,088 22,196 Inflation compensation3 3,194 - 35 + 851 3,184 Federal agency2 0 0 0 0 Repurchase agreements4 20,036 - 5,357 + 3,893 19,500 Loans to depository institutions 33 - 7 - 4 41 Primary credit 5 - 6 - 17 9 Secondary credit 0 0 0 0 Seasonal credit 28 - 1 + 13 31 Float -114 + 66 - 430 881 Other Federal Reserve assets 40,330 - 93 - 1,891 40,419 Gold stock 11,044 + 1 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,680 + 14 + 218 36,680 Total factors supplying reserve funds 859,036 - 5,220 + 32,729 859,593 Currency in circulation5 784,274 + 3,128 + 34,110 786,663 Reverse repurchase agreements6 23,278 - 533 - 3,337 22,678 Foreign official and international accounts 23,278 - 533 - 3,337 22,678 Dealers 0 0 0 0 Treasury cash holdings 206 - 9 - 84 199 Deposits with F.R. Banks, other than reserve balances 14,216 + 47 - 849 12,782 U.S. Treasury, general account 5,360 + 243 + 447 3,973 Foreign official 83 0 - 6 82 Service-related 8,472 - 224 - 1,299 8,472 Required clearing balances 8,472 - 224 - 1,299 8,472 Adjustments to compensate for float 0 0 0 0 Other 302 + 28 + 10 256 Other liabilities and capital 31,277 - 209 + 4,574 31,144 Total factors, other than reserve balances, absorbing reserve funds 853,252 + 2,425 + 34,414 853,465 Reserve balances with Federal Reserve Banks 5,784 - 7,645 - 1,685 6,128 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,544,068 + 4,030 + 203,832 1,545,598 U.S. Treasury 1,104,679 + 3,041 + 51,011 1,106,768 Federal agency 439,389 + 989 + 152,822 438,830 Securities lent to dealers 2,256 - 1,457 - 8 2,018 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 8, 2006 Feb 1, 2006 Feb 9, 2005 Assets Gold certificate account 11,040 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 830 + 20 - 1 Securities, repurchase agreements, and loans 768,369 - 3,527 + 35,961 Securities held outright 748,828 - 12 + 30,949 U.S. Treasury1 748,828 - 12 + 30,949 Bills2 272,868 + 14 + 9,863 Notes and bonds, nominal2 450,580 0 + 17,151 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 Inflation compensation3 3,184 - 26 + 848 Federal agency2 0 0 0 Repurchase agreements4 19,500 - 3,500 + 5,000 Loans 41 - 14 + 11 Items in process of collection (1,291) 7,625 - 883 - 2,687 Bank premises 1,824 0 + 41 Other assets5 38,609 + 223 - 1,760 Total assets (1,291) 830,497 - 4,166 + 31,555 Liabilities Federal Reserve notes, net of F.R. Bank holdings 751,007 + 2,829 + 34,046 Reverse repurchase agreements6 22,678 - 502 - 5,677 Deposits (3) 18,924 - 5,981 - 1,173 Depository institutions 14,613 - 4,793 - 366 U.S. Treasury, general account 3,973 - 1,122 - 774 Foreign official 82 - 1 - 3 Other (3) 256 - 65 - 31 Deferred availability cash items (1,288) 6,744 - 709 - 309 Other liabilities and accrued dividends7 4,196 + 94 + 1,266 Total liabilities (1,291) 803,549 - 4,269 + 28,153 Capital accounts Capital paid in 13,573 + 15 + 1,135 Surplus 12,884 + 5 + 1,978 Other capital accounts 491 + 83 + 290 Total capital 26,948 + 103 + 3,402 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 8, 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 18 53,466 - 636 0 0 19,500 22,678 16 days to 90 days 23 163,504 + 662 0 0 0 0 91 days to 1 year 0 186,142 - 16 0 0 . . . . . . Over 1 year to 5 years . . . 209,974 - 7 0 0 . . . . . . Over 5 years to 10 years . . . 56,643 - 4 0 0 . . . . . . Over 10 years . . . 79,099 - 12 0 0 . . . . . . All 41 748,828 - 12 0 0 19,500 22,678 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 8, 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 3 0 3 6 6 1 4 4 6 5 8 8 1 1 4 9 5 4 7 2 9 6 9 7 5 107 Securities, repurchase agreements, and loans 768,3 6 9 38,3 2 1 316,4 4 1 26,5 6 4 31,6 3 4 57,1 5 0 57,9 3 3 67,4 5 3 23,2 3 7 15,6 4 3 21,1 8 3 36,8 8 1 75,929 Securities held outright 748,8 2 8 38,3 1 2 296,9 3 6 26,5 6 4 31,6 3 4 57,1 4 8 57,9 3 3 67,4 3 5 23,2 3 7 15,6 4 0 21,1 8 0 36,8 8 1 75,926 U.S. Treasury1 748,8 2 8 38,3 1 2 296,9 3 6 26,5 6 4 31,6 3 4 57,1 4 8 57,9 3 3 67,4 3 5 23,2 3 7 15,6 4 0 21,1 8 0 36,8 8 1 75,926 Bills2 272,8 6 8 13,9 6 1 108,2 0 1 9,6 8 0 11,5 2 7 20,8 2 4 21,1 1 0 24,5 7 3 8,4 6 7 5,6 9 9 7,7 1 8 13,4 3 9 27,667 Notes and bonds3 475,9 6 0 24,3 5 2 188,7 3 5 16,8 8 4 20,1 0 7 36,3 2 4 36,8 2 3 42,8 6 2 14,7 6 9 9,9 4 1 13,4 6 2 23,4 4 2 48,259 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,5 0 0 0 19,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 4 1 8 4 0 0 2 0 1 7 0 3 3 0 2 Items in process of collection 8,9 1 6 5 0 8 1,0 5 7 4 4 7 9 1 9 5 1 9 1,6 3 1 1 7 2 4 0 6 2 7 1 9 7 8 6 9 8 1,309 Bank premises 1,8 2 4 1 1 2 2 0 6 5 3 1 5 7 1 5 3 2 3 2 2 1 0 7 0 1 1 9 8 8 2 6 0 164 Other assets5 38,6 0 9 3,2 6 3 14,6 6 3 1,1 5 4 2,4 8 2 4,8 7 8 2,2 1 4 2,7 1 3 9 5 1 7 7 1 7 2 0 1,0 5 7 3,743 Interdistrict settlement account 0 - 5,6 2 6 -32,2 2 7 + 5,3 6 7 - 1 6 9 + 8,4 1 1 +11,2 6 7 - 1 6 6 + 1,0 6 8 - 3 7 2 + 1,3 4 3 - 3,6 6 1 +14,766 Total assets 831,7 8 8 37,2 4 0 305,4 3 1 34,1 4 5 35,6 4 6 72,1 8 2 74,5 0 2 71,6 1 6 26,1 7 7 16,7 0 3 24,7 6 6 35,9 5 7 97,423 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 8, 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 909,9 6 7 39,1 5 0 326,1 1 9 37,2 5 8 36,5 4 3 72,3 6 2 88,0 6 8 77,3 1 1 27,9 0 7 17,7 5 5 27,6 7 1 49,8 0 0 110,025 Less: notes held by F.R. Banks 158,9 6 0 5,1 8 0 47,3 0 9 7,2 5 6 5,2 2 6 12,0 4 5 20,4 2 6 12,1 1 2 3,5 2 2 2,8 0 7 5,0 9 6 16,7 6 3 21,217 Federal Reserve notes, net 751,0 0 7 33,9 7 0 278,8 1 0 30,0 0 2 31,3 1 7 60,3 1 6 67,6 4 2 65,1 9 9 24,3 8 4 14,9 4 8 22,5 7 4 33,0 3 6 88,808 Reverse repurchase agreements1 22,6 7 8 1,1 6 0 8,9 9 2 8 0 4 9 5 8 1,7 3 1 1,7 5 4 2,0 4 2 7 0 4 4 7 4 6 4 1 1,1 1 7 2,299 Deposits 18,9 2 7 6 0 0 7,4 9 1 1,1 4 2 5 0 4 1,5 8 1 1,7 5 4 1,8 5 1 4 4 7 3 0 5 5 6 2 7 3 2 1,957 Depository institutions 14,6 1 3 5 9 3 3,2 9 9 1,1 3 9 5 0 0 1,4 9 1 1,7 5 2 1,8 4 7 4 4 6 3 0 4 5 6 0 7 3 2 1,949 U.S. Treasury, general account 3,9 7 3 0 3,9 7 3 0 0 0 0 0 0 0 0 0 0 Foreign official 8 2 5 5 4 1 4 7 2 3 1 1 1 0 4 Other 2 5 8 2 1 6 5 2 0 8 3 0 1 1 0 1 0 3 Deferred availability cash items 8,0 3 3 6 5 4 1,1 1 5 5 2 0 6 4 1 7 5 9 1,1 8 9 3 4 0 1 8 6 3 6 9 4 9 0 5 3 3 1,236 Other liabilities and accrued dividends2 4,1 9 6 2 2 7 1,4 6 9 1 7 0 2 0 5 3 8 9 3 4 4 3 8 6 1 5 6 1 1 4 1 3 3 2 1 3 389 Total liabilities 804,8 4 0 36,6 1 1 297,8 7 8 32,6 3 9 33,6 2 4 64,7 7 6 72,6 8 3 69,8 1 9 25,8 7 7 16,2 1 0 24,4 0 1 35,6 3 2 94,690 Capital Capital paid in 13,5 7 3 3 2 3 3,6 9 3 7 5 0 1,0 1 4 3,9 4 4 8 9 4 8 8 4 1 4 4 2 4 3 1 7 8 1 5 3 1,352 Surplus 12,8 8 4 3 0 5 3,6 8 5 7 4 4 1,0 0 8 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 9 1 0 1 7 4 1 2 0 1 5 4 3 3 3 7 1 2 5 1 2 1 9 32 Total liabilities and capital 831,7 8 8 37,2 4 0 305,4 3 1 34,1 4 5 35,6 4 6 72,1 8 2 74,5 0 2 71,6 1 6 26,1 7 7 16,7 0 3 24,7 6 6 35,9 5 7 97,423 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 8, 2006 Federal Reserve notes outstanding 909,967 Less: Notes held by F.R. Banks not subject to collateralization 158,960 Federal Reserve notes to be collateralized 751,007 Collateral held against Federal Reserve notes 751,007 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 737,768 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 768,328 Less: face value of securities under reverse repurchase agreements 22,704 U.S. Treasury and agency securities eligible to be pledged 745,624 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.