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 16, 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 15, 2006 Feb 8, 2006 Feb 16, 2005 Feb 15, 2006 Reserve Bank credit 815,847 + 6,737 + 32,144 817,909 Securities held outright 750,625 + 1,798 + 32,759 751,327 U.S. Treasury1 750,625 + 1,798 + 32,759 751,327 Bills2 273,431 + 574 + 10,426 274,142 Notes and bonds, nominal2 451,830 + 1,250 + 18,401 451,830 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 22,196 Inflation compensation3 3,168 - 26 + 844 3,158 Federal agency2 0 0 0 0 Repurchase agreements4 24,357 + 4,321 + 428 29,750 Loans to depository institutions 98 + 65 + 75 464 Primary credit 66 + 61 + 57 430 Secondary credit 0 0 0 0 Seasonal credit 32 + 4 + 18 33 Float 584 + 699 + 171 -624 Other Federal Reserve assets 40,182 - 148 - 1,291 36,993 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,624 + 14 + 134 36,624 Total factors supplying reserve funds 865,715 + 6,751 + 32,280 867,777 Currency in circulation5 786,015 + 1,811 + 34,874 787,847 Reverse repurchase agreements6 22,396 - 882 - 4,648 22,695 Foreign official and international accounts 22,396 - 882 - 4,648 22,695 Dealers 0 0 0 0 Treasury cash holdings 198 - 8 - 82 193 Deposits with F.R. Banks, other than reserve balances 14,045 - 171 - 1,028 13,959 U.S. Treasury, general account 5,224 - 136 + 300 5,125 Foreign official 91 + 8 + 9 101 Service-related 8,471 - 1 - 1,300 8,471 Required clearing balances 8,471 - 1 - 1,300 8,471 Adjustments to compensate for float 0 0 0 0 Other 259 - 43 - 37 262 Other liabilities and capital 31,790 + 513 + 4,840 31,583 Total factors, other than reserve balances, absorbing reserve funds 854,443 + 1,261 + 33,954 856,276 Reserve balances with Federal Reserve Banks 11,271 + 5,488 - 1,676 11,501 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,556,712 + 12,644 + 214,433 1,571,376 U.S. Treasury 1,111,275 + 6,596 + 54,228 1,121,049 Federal agency 445,437 + 6,048 + 160,205 450,327 Securities lent to dealers 1,335 - 921 - 2,106 1,916 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 Feb 15, 2006 Feb 8, 2006 Feb 16, 2005 Assets Gold certificate account 11,040 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 846 + 16 + 18 Securities, repurchase agreements, and loans 781,540 + 13,171 + 45,155 Securities held outright 751,327 + 2,499 + 33,468 U.S. Treasury1 751,327 + 2,499 + 33,468 Bills2 274,142 + 1,274 + 11,137 Notes and bonds, nominal2 451,830 + 1,250 + 18,401 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 Inflation compensation3 3,158 - 26 + 842 Federal agency2 0 0 0 Repurchase agreements4 29,750 + 10,250 + 11,250 Loans 464 + 423 + 437 Items in process of collection (1,041) 5,544 - 2,081 - 2,459 Bank premises 1,820 - 4 + 37 Other assets5 35,205 - 3,404 - 1,844 Total assets (1,041) 838,195 + 7,698 + 40,909 Liabilities Federal Reserve notes, net of F.R. Bank holdings 752,258 + 1,251 + 34,893 Reverse repurchase agreements6 22,695 + 17 - 651 Deposits (0) 25,518 + 6,594 + 3,059 Depository institutions 20,030 + 5,417 + 2,963 U.S. Treasury, general account 5,125 + 1,152 + 115 Foreign official 101 + 19 + 16 Other (0) 262 + 6 - 35 Deferred availability cash items (1,041) 6,142 - 602 - 1,007 Other liabilities and accrued dividends7 4,249 + 53 + 1,323 Total liabilities (1,041) 810,861 + 7,312 + 37,616 Capital accounts Capital paid in 13,715 + 142 + 1,271 Surplus 12,901 + 17 + 1,872 Other capital accounts 718 + 227 + 150 Total capital 27,334 + 386 + 3,293 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 15, 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 464 57,839 + 4,373 0 0 29,750 22,695 16 days to 90 days 0 166,494 + 2,990 0 0 0 0 91 days to 1 year 0 180,520 - 5,622 0 0 . . . . . . Over 1 year to 5 years . . . 212,648 + 2,674 0 0 . . . . . . Over 5 years to 10 years . . . 53,056 - 3,587 0 0 . . . . . . Over 10 years . . . 80,769 + 1,670 0 0 . . . . . . All 464 751,327 + 2,499 0 0 29,750 22,695 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 15, 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 4 6 3 7 7 0 4 6 6 4 8 5 1 1 1 1 0 0 4 8 2 9 7 1 7 4 111 Securities, repurchase agreements, and loans 781,5 4 0 38,4 4 8 328,0 9 8 26,6 5 3 31,7 4 0 57,3 3 9 58,1 2 7 67,6 7 8 23,3 1 8 15,6 9 6 21,2 5 9 37,0 0 4 76,182 Securities held outright 751,3 2 7 38,4 4 0 297,9 2 7 26,6 5 3 31,7 4 0 57,3 3 9 58,1 2 7 67,6 6 0 23,3 1 4 15,6 9 2 21,2 5 1 37,0 0 4 76,180 U.S. Treasury1 751,3 2 7 38,4 4 0 297,9 2 7 26,6 5 3 31,7 4 0 57,3 3 9 58,1 2 7 67,6 6 0 23,3 1 4 15,6 9 2 21,2 5 1 37,0 0 4 76,180 Bills2 274,1 4 2 14,0 2 6 108,7 0 7 9,7 2 5 11,5 8 1 20,9 2 2 21,2 0 9 24,6 8 8 8,5 0 7 5,7 2 6 7,7 5 4 13,5 0 2 27,796 Notes and bonds3 477,1 8 5 24,4 1 4 189,2 2 0 16,9 2 8 20,1 5 9 36,4 1 7 36,9 1 8 42,9 7 3 14,8 0 7 9,9 6 6 13,4 9 7 23,5 0 2 48,384 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 29,7 5 0 0 29,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 4 6 4 8 4 2 1 0 0 0 0 1 7 3 4 8 0 3 Items in process of collection 6,5 8 4 2 5 8 4 3 8 2 8 7 5 9 0 4 0 2 1,3 2 6 5 0 4 2 4 2 3 2 3 6 6 4 4 4 8 1,104 Bank premises 1,8 2 0 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 8 2 6 0 158 Other assets5 35,2 0 5 3,0 9 1 13,3 1 8 1,0 3 5 2,3 4 2 4,6 2 3 1,9 0 1 2,4 0 4 8 4 6 7 0 1 6 2 5 8 9 0 3,430 Interdistrict settlement account 0 - 4,1 9 9 -39,1 0 7 + 5,7 9 0 + 2,1 9 7 + 9,9 8 6 +11,2 9 6 - 6 7 5 + 1,1 1 7 - 3 5 0 + 1,9 2 2 - 3,4 7 6 +15,499 Total assets 839,2 3 5 38,3 7 2 308,2 5 5 34,3 7 8 37,6 4 7 73,5 7 0 74,1 0 3 71,3 6 2 26,0 3 9 16,7 6 0 25,0 1 2 35,8 4 7 97,891 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 15, 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 910,8 7 9 39,1 4 1 326,3 8 9 37,8 6 2 36,6 4 3 73,1 2 2 87,7 8 4 77,2 3 7 27,8 4 3 17,7 3 8 27,6 1 9 49,6 6 7 109,834 Less: notes held by F.R. Banks 158,6 2 1 5,0 6 0 47,2 8 4 7,1 0 8 5,1 3 0 12,0 4 0 20,4 4 2 12,2 3 3 3,6 5 8 2,7 4 9 4,9 0 3 16,5 8 5 21,430 Federal Reserve notes, net 752,2 5 8 34,0 8 1 279,1 0 5 30,7 5 4 31,5 1 3 61,0 8 3 67,3 4 2 65,0 0 4 24,1 8 5 14,9 8 9 22,7 1 5 33,0 8 3 88,404 Reverse repurchase agreements1 22,6 9 5 1,1 6 1 8,9 9 9 8 0 5 9 5 9 1,7 3 2 1,7 5 6 2,0 4 4 7 0 4 4 7 4 6 4 2 1,1 1 8 2,301 Deposits 25,5 1 8 1,7 4 1 10,2 3 3 5 7 1 2,3 2 4 2,3 3 7 1,6 1 7 1,7 5 8 5 2 0 3 2 8 6 0 5 7 0 9 2,776 Depository institutions 20,0 3 0 1,7 1 9 4,8 7 7 5 7 0 2,3 1 8 2,2 5 2 1,6 1 5 1,7 5 3 5 1 6 3 2 7 6 0 3 7 0 8 2,772 U.S. Treasury, general account 5,1 2 5 0 5,1 2 5 0 0 0 0 0 0 0 0 0 0 Foreign official 1 0 1 5 7 3 1 4 7 2 3 1 1 1 0 4 Other 2 6 2 1 7 1 5 8 0 2 7 8 0 2 3 0 1 0 0 Deferred availability cash items 7,1 8 2 5 0 4 8 0 1 5 5 8 6 0 1 5 8 3 1,0 6 6 3 5 0 1 6 8 3 5 6 5 4 7 3 8 9 1,259 Other liabilities and accrued dividends2 4,2 4 9 2 2 9 1,4 9 3 1 7 1 2 0 5 3 9 1 3 5 2 3 9 0 1 5 9 1 1 5 1 3 4 2 1 6 395 Total liabilities 811,9 0 1 37,7 1 6 300,6 3 0 32,8 5 9 35,6 0 2 66,1 2 6 72,1 3 2 69,5 4 6 25,7 3 7 16,2 6 2 24,6 4 2 35,5 1 5 95,135 Capital Capital paid in 13,7 1 5 3 2 3 3,6 9 3 7 5 0 1,0 1 4 3,9 4 5 1,0 3 5 8 8 4 1 4 4 2 4 3 1 7 8 1 5 3 1,351 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 1 8 1 6 2 4 6 2 5 1 8 1 9 2 4 4 5 6 1 3 9 1 7 2 6 56 Total liabilities and capital 839,2 3 5 38,3 7 2 308,2 5 5 34,3 7 8 37,6 4 7 73,5 7 0 74,1 0 3 71,3 6 2 26,0 3 9 16,7 6 0 25,0 1 2 35,8 4 7 97,891 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 15, 2006 Federal Reserve notes outstanding 910,879 Less: Notes held by F.R. Banks not subject to collateralization 158,621 Federal Reserve notes to be collateralized 752,258 Collateral held against Federal Reserve notes 752,258 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 739,018 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 781,077 Less: face value of securities under reverse repurchase agreements 22,721 U.S. Treasury and agency securities eligible to be pledged 758,355 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.