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 23, 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 22, 2006 Feb 15, 2006 Feb 23, 2005 Feb 22, 2006 Reserve Bank credit 815,809 - 30 + 35,041 821,538 Securities held outright 751,487 + 862 + 33,642 752,549 U.S. Treasury1 751,487 + 862 + 33,642 752,549 Bills2 274,142 + 711 + 11,137 274,142 Notes and bonds, nominal2 452,009 + 179 + 18,580 453,078 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 22,196 Inflation compensation3 3,141 - 27 + 838 3,133 Federal agency2 0 0 0 0 Repurchase agreements4 27,536 + 3,179 + 3,572 29,000 Loans to depository institutions 45 - 53 + 24 103 Primary credit 5 - 61 0 14 Secondary credit 8 + 8 + 8 59 Seasonal credit 32 0 + 16 30 Float -475 - 1,055 - 156 2,527 Other Federal Reserve assets 37,216 - 2,963 - 2,040 37,358 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,638 + 14 + 120 36,638 Total factors supplying reserve funds 865,691 - 16 + 35,163 871,419 Currency in circulation5 788,615 + 2,600 + 35,372 788,940 Reverse repurchase agreements6 23,786 + 1,390 - 71 24,510 Foreign official and international accounts 23,786 + 1,390 - 71 24,510 Dealers 0 0 0 0 Treasury cash holdings 191 - 7 - 78 185 Deposits with F.R. Banks, other than reserve balances 13,373 - 672 - 924 12,693 U.S. Treasury, general account 5,005 - 219 - 245 4,334 Foreign official 84 - 7 + 3 88 Service-related 8,015 - 456 - 654 8,015 Required clearing balances 8,015 - 456 - 654 8,015 Adjustments to compensate for float 0 0 0 0 Other 269 + 10 - 27 257 Other liabilities and capital 32,014 + 224 + 4,579 31,739 Total factors, other than reserve balances, absorbing reserve funds 857,979 + 3,536 + 38,878 858,067 Reserve balances with Federal Reserve Banks 7,712 - 3,552 - 3,715 13,352 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,572,360 + 15,648 + 207,655 1,575,902 U.S. Treasury 1,124,600 + 13,325 + 47,243 1,127,880 Federal agency 447,759 + 2,322 + 160,412 448,023 Securities lent to dealers 2,067 + 732 - 899 4,685 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 22, 2006 Feb 15, 2006 Feb 23, 2005 Assets Gold certificate account 11,040 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 841 - 5 + 31 Securities, repurchase agreements, and loans 781,652 + 112 + 38,538 Securities held outright 752,549 + 1,222 + 34,710 U.S. Treasury1 752,549 + 1,222 + 34,710 Bills2 274,142 0 + 11,137 Notes and bonds, nominal2 453,078 + 1,248 + 19,649 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 Inflation compensation3 3,133 - 25 + 836 Federal agency2 0 0 0 Repurchase agreements4 29,000 - 750 + 3,750 Loans 103 - 361 + 79 Items in process of collection (1,824) 10,442 + 4,898 + 787 Bank premises 1,820 0 + 36 Other assets5 35,541 + 336 - 2,130 Total assets (1,824) 843,536 + 5,341 + 37,264 Liabilities Federal Reserve notes, net of F.R. Bank holdings 753,325 + 1,067 + 34,954 Reverse repurchase agreements6 24,510 + 1,815 + 1,036 Deposits (0) 26,048 + 530 - 2,297 Depository institutions 21,369 + 1,339 - 2,133 U.S. Treasury, general account 4,334 - 791 - 153 Foreign official 88 - 13 + 7 Other (0) 257 - 5 - 18 Deferred availability cash items (1,824) 7,915 + 1,773 - 866 Other liabilities and accrued dividends7 4,326 + 77 + 1,315 Total liabilities (1,824) 816,123 + 5,262 + 34,141 Capital accounts Capital paid in 13,716 + 1 + 1,208 Surplus 12,901 0 + 1,787 Other capital accounts 796 + 78 + 128 Total capital 27,413 + 79 + 3,123 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 22, 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 103 57,558 - 281 0 0 29,000 24,510 16 days to 90 days 0 166,743 + 249 0 0 0 0 91 days to 1 year 0 180,550 + 30 0 0 . . . . . . Over 1 year to 5 years . . . 213,888 + 1,240 0 0 . . . . . . Over 5 years to 10 years . . . 54,931 + 1,875 0 0 . . . . . . Over 10 years . . . 78,879 - 1,890 0 0 . . . . . . All 103 752,549 + 1,222 0 0 29,000 24,510 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 22, 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 1 3 7 7 0 4 8 6 6 8 3 1 0 7 9 8 4 9 2 8 7 3 7 3 109 Securities, repurchase agreements, and loans 781,6 5 2 38,5 1 1 327,4 7 1 26,6 9 6 31,7 9 1 57,4 3 2 58,2 2 1 67,7 8 6 23,3 5 2 15,7 2 1 21,2 8 9 37,0 6 4 76,316 Securities held outright 752,5 4 9 38,5 0 3 298,4 1 2 26,6 9 6 31,7 9 1 57,4 3 2 58,2 2 1 67,7 7 1 23,3 5 2 15,7 1 7 21,2 8 5 37,0 6 4 76,304 U.S. Treasury1 752,5 4 9 38,5 0 3 298,4 1 2 26,6 9 6 31,7 9 1 57,4 3 2 58,2 2 1 67,7 7 1 23,3 5 2 15,7 1 7 21,2 8 5 37,0 6 4 76,304 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 478,4 0 7 24,4 7 7 189,7 0 5 16,9 7 1 20,2 1 0 36,5 1 0 37,0 1 2 43,0 8 3 14,8 4 5 9,9 9 2 13,5 3 1 23,5 6 2 48,507 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 29,0 0 0 0 29,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 0 3 8 5 9 0 0 0 0 1 5 0 4 4 0 13 Items in process of collection 12,2 6 7 5 5 4 7 4 6 6 5 3 1,7 7 5 5 8 4 2,8 8 2 7 6 8 4 0 1 4 0 5 9 7 0 8 4 0 1,689 Bank premises 1,8 2 0 1 1 2 2 0 6 5 3 1 5 7 1 5 2 2 3 2 2 1 1 7 0 1 1 9 8 8 2 6 0 159 Other assets5 35,5 4 1 1,1 5 5 13,2 4 3 1,5 7 9 2,0 9 7 6,3 8 8 2,3 9 5 2,4 6 9 6 8 5 6 5 5 6 4 2 9 1 3 3,321 Interdistrict settlement account 0 - 3,1 4 6 -38,3 1 8 + 5,7 6 2 + 2 4 5 +11,4 2 6 +10,0 7 3 - 1,5 8 7 + 1,3 3 6 - 2 7 7 + 2,0 8 5 - 3,2 5 9 +15,658 Total assets 845,3 6 1 37,8 4 8 308,6 5 1 35,3 0 6 36,6 8 9 77,0 4 9 75,0 2 1 70,8 8 5 26,2 9 2 16,8 9 3 25,5 3 2 36,5 3 8 98,658 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 22, 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 5 38,9 3 6 325,7 7 5 38,4 2 7 36,8 0 0 72,8 6 2 88,2 3 2 77,0 1 6 27,8 0 5 17,6 6 8 27,6 6 8 49,8 4 2 109,844 Less: notes held by F.R. Banks 157,5 5 0 4,9 5 5 46,7 7 8 7,0 5 3 5,1 6 6 11,9 3 3 20,7 5 3 12,5 0 3 3,6 4 3 2,7 0 0 4,7 2 9 16,4 6 1 20,876 Federal Reserve notes, net 753,3 2 5 33,9 8 1 278,9 9 7 31,3 7 4 31,6 3 4 60,9 2 9 67,4 7 9 64,5 1 2 24,1 6 2 14,9 6 8 22,9 3 9 33,3 8 0 88,968 Reverse repurchase agreements1 24,5 1 0 1,2 5 4 9,7 1 9 8 6 9 1,0 3 5 1,8 7 1 1,8 9 6 2,2 0 7 7 6 1 5 1 2 6 9 3 1,2 0 7 2,485 Deposits 26,0 4 8 8 0 2 9,7 0 1 5 4 1 9 9 2 5,5 7 5 2,1 3 6 1,2 9 4 5 2 3 3 2 4 6 5 1 8 3 8 2,672 Depository institutions 21,3 6 9 7 9 3 5,1 3 5 5 3 9 9 8 7 5,4 9 3 2,1 3 3 1,2 9 0 5 2 0 3 2 3 6 5 0 8 3 8 2,668 U.S. Treasury, general account 4,3 3 4 0 4,3 3 4 0 0 0 0 0 0 0 0 0 0 Foreign official 8 8 1 5 9 2 3 1 1 3 3 0 1 1 0 4 Other 2 5 7 7 1 7 3 0 1 7 1 0 1 2 0 1 0 0 Deferred availability cash items 9,7 3 9 9 0 4 1,0 9 6 8 3 0 7 6 9 8 1 4 1,1 3 9 6 5 9 3 8 2 4 7 0 7 4 0 5 6 1 1,374 Other liabilities and accrued dividends2 4,3 2 6 2 3 1 1,5 1 6 1 7 6 2 0 8 3 9 2 3 6 0 4 0 2 1 5 8 1 2 0 1 3 7 2 1 8 407 Total liabilities 817,9 4 8 37,1 7 2 301,0 2 9 33,7 9 0 34,6 3 9 69,5 8 0 73,0 1 1 69,0 7 4 25,9 8 6 16,3 9 5 25,1 6 0 36,2 0 5 95,906 Capital Capital paid in 13,7 1 6 3 2 3 3,6 9 3 7 5 0 1,0 1 4 3,9 4 6 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 9 6 3 5 2 4 3 2 2 2 2 2 1 6 8 2 5 0 1 8 9 1 9 2 7 52 Total liabilities and capital 845,3 6 1 37,8 4 8 308,6 5 1 35,3 0 6 36,6 8 9 77,0 4 9 75,0 2 1 70,8 8 5 26,2 9 2 16,8 9 3 25,5 3 2 36,5 3 8 98,658 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 22, 2006 Federal Reserve notes outstanding 910,875 Less: Notes held by F.R. Banks not subject to collateralization 157,550 Federal Reserve notes to be collateralized 753,325 Collateral held against Federal Reserve notes 753,325 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 740,085 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 781,549 Less: face value of securities under reverse repurchase agreements 24,540 U.S. Treasury and agency securities eligible to be pledged 757,009 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.