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 March 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 Mar 1, 2006 Feb 22, 2006 Mar 2, 2005 Mar 1, 2006 Reserve Bank credit 820,759 + 4,950 + 35,870 821,478 Securities held outright 753,690 + 2,203 + 36,004 754,682 U.S. Treasury1 753,690 + 2,203 + 36,004 754,682 Bills2 274,142 0 + 11,137 274,142 Notes and bonds, nominal2 454,235 + 2,226 + 20,949 455,227 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 22,196 Inflation compensation3 3,118 - 23 + 832 3,117 Federal agency2 0 0 0 0 Repurchase agreements4 29,036 + 1,500 + 2,465 27,750 Loans to depository institutions 34 - 11 - 47 38 Primary credit 6 + 1 - 58 4 Secondary credit 0 - 8 0 0 Seasonal credit 28 - 4 + 11 34 Float 213 + 687 - 724 1,343 Other Federal Reserve assets 37,787 + 571 - 1,827 37,664 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,652 + 14 + 106 36,652 Total factors supplying reserve funds 870,655 + 4,964 + 35,979 871,373 Currency in circulation5 787,224 - 1,391 + 35,362 788,672 Reverse repurchase agreements6 24,647 + 861 + 257 24,672 Foreign official and international accounts 24,647 + 861 + 257 24,672 Dealers 0 0 0 0 Treasury cash holdings 185 - 6 - 78 186 Deposits with F.R. Banks, other than reserve balances 13,442 + 69 - 793 13,816 U.S. Treasury, general account 5,080 + 75 - 119 5,427 Foreign official 83 - 1 0 85 Service-related 8,014 - 1 - 656 8,014 Required clearing balances 8,014 - 1 - 656 8,014 Adjustments to compensate for float 0 0 0 0 Other 265 - 4 - 18 290 Other liabilities and capital 32,316 + 302 + 4,736 32,011 Total factors, other than reserve balances, absorbing reserve funds 857,815 - 164 + 39,485 859,357 Reserve balances with Federal Reserve Banks 12,840 + 5,128 - 3,506 12,017 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,579,836 + 7,476 + 201,149 1,582,293 U.S. Treasury 1,126,619 + 2,019 + 46,866 1,126,476 Federal agency 453,217 + 5,458 + 154,283 455,816 Securities lent to dealers 3,609 + 1,542 + 1,606 5,643 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 Mar 1, 2006 Feb 22, 2006 Mar 2, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 826 - 15 + 33 Securities, repurchase agreements, and loans 782,471 + 819 + 40,400 Securities held outright 754,682 + 2,133 + 37,187 U.S. Treasury1 754,682 + 2,133 + 37,187 Bills2 274,142 0 + 11,137 Notes and bonds, nominal2 455,227 + 2,149 + 22,131 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 Inflation compensation3 3,117 - 16 + 831 Federal agency2 0 0 0 Repurchase agreements4 27,750 - 1,250 + 3,500 Loans 38 - 65 - 287 Items in process of collection (1,209) 8,125 - 2,317 + 746 Bank premises 1,821 + 1 + 30 Other assets5 35,921 + 380 - 1,794 Total assets (1,209) 842,403 - 1,133 + 39,417 Liabilities Federal Reserve notes, net of F.R. Bank holdings 753,028 - 297 + 35,876 Reverse repurchase agreements6 24,672 + 162 - 703 Deposits (0) 25,899 - 149 + 722 Depository institutions 20,097 - 1,272 + 209 U.S. Treasury, general account 5,427 + 1,093 + 521 Foreign official 85 - 3 + 2 Other (0) 290 + 33 - 11 Deferred availability cash items (1,209) 6,793 - 1,122 - 1,243 Other liabilities and accrued dividends7 4,364 + 38 + 1,331 Total liabilities (1,209) 814,756 - 1,367 + 35,982 Capital accounts Capital paid in 13,739 + 23 + 1,217 Surplus 12,901 0 + 1,776 Other capital accounts 1,006 + 210 + 441 Total capital 27,646 + 233 + 3,433 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, March 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 11 48,410 - 9,148 0 0 27,750 24,672 16 days to 90 days 27 167,362 + 619 0 0 0 0 91 days to 1 year 0 190,678 + 10,128 0 0 . . . . . . Over 1 year to 5 years . . . 213,483 - 405 0 0 . . . . . . Over 5 years to 10 years . . . 54,953 + 22 0 0 . . . . . . Over 10 years . . . 79,796 + 917 0 0 . . . . . . All 38 754,682 + 2,133 0 0 27,750 24,672 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 March 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 2 6 3 8 7 0 4 8 6 6 7 8 1 0 4 9 9 4 8 2 9 6 8 7 3 106 Securities, repurchase agreements, and loans 782,4 7 1 38,6 1 9 327,0 0 8 26,7 7 2 31,8 8 2 57,5 9 5 58,3 8 6 67,9 8 7 23,4 1 8 15,7 6 5 21,3 4 7 37,1 6 9 76,523 Securities held outright 754,6 8 2 38,6 1 2 299,2 5 8 26,7 7 2 31,8 8 2 57,5 9 5 58,3 8 6 67,9 6 3 23,4 1 8 15,7 6 2 21,3 4 6 37,1 6 9 76,520 U.S. Treasury1 754,6 8 2 38,6 1 2 299,2 5 8 26,7 7 2 31,8 8 2 57,5 9 5 58,3 8 6 67,9 6 3 23,4 1 8 15,7 6 2 21,3 4 6 37,1 6 9 76,520 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 480,5 4 0 24,5 8 6 190,5 5 1 17,0 4 7 20,3 0 0 36,6 7 3 37,1 7 7 43,2 7 5 14,9 1 2 10,0 3 6 13,5 9 2 23,6 6 7 48,724 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 27,7 5 0 0 27,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 8 7 0 0 0 0 0 2 4 0 3 1 0 3 Items in process of collection 9,3 3 4 1,3 9 8 3 8 6 4 2 0 6 7 5 3 9 0 1,6 6 6 1,0 1 2 2 7 3 3 0 1 6 8 9 4 9 8 1,628 Bank premises 1,8 2 1 1 1 3 2 0 6 5 4 1 5 7 1 5 2 2 3 2 2 1 0 7 0 1 1 9 9 1 2 6 0 158 Other assets5 35,9 2 1 1,1 6 4 13,3 4 6 1,5 8 3 2,1 1 3 6,4 4 4 2,4 9 2 2,4 9 4 7 1 1 6 5 8 6 4 6 9 2 2 3,349 Interdistrict settlement account 0 - 4,5 5 1 -31,5 8 0 + 6,2 5 7 + 1,1 0 2 + 7,3 9 3 + 9,9 3 4 - 2,5 3 7 + 8 2 2 - 2 6 7 + 2,0 4 6 - 3,3 9 6 +14,777 Total assets 843,6 1 2 37,4 0 5 314,6 6 7 35,6 4 8 36,5 5 1 73,0 3 5 73,9 2 5 70,4 0 4 25,7 4 0 16,8 4 7 25,2 7 1 36,1 7 2 97,948 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 March 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 911,8 0 6 38,8 8 8 326,6 5 3 38,9 4 0 37,0 4 9 72,9 8 3 88,0 0 6 76,9 0 8 27,7 9 6 17,6 5 2 27,6 0 6 49,7 2 3 109,602 Less: notes held by F.R. Banks 158,7 7 8 4,9 7 2 46,5 3 7 7,1 6 9 5,3 6 0 12,1 7 3 21,3 4 7 12,6 9 0 3,9 0 2 2,6 3 6 4,6 9 9 16,5 0 4 20,789 Federal Reserve notes, net 753,0 2 8 33,9 1 6 280,1 1 6 31,7 7 2 31,6 8 8 60,8 0 9 66,6 5 9 64,2 1 8 23,8 9 4 15,0 1 6 22,9 0 7 33,2 2 0 88,813 Reverse repurchase agreements1 24,6 7 2 1,2 6 2 9,7 8 3 8 7 5 1,0 4 2 1,8 8 3 1,9 0 9 2,2 2 2 7 6 6 5 1 5 6 9 8 1,2 1 5 2,502 Deposits 25,8 9 9 8 5 0 14,6 7 0 6 2 5 8 9 1 1,7 0 9 1,8 2 8 1,2 7 8 4 2 7 2 8 2 5 9 7 7 5 6 1,985 Depository institutions 20,0 9 7 8 4 3 9,0 1 7 6 2 3 8 8 6 1,5 9 3 1,8 2 5 1,2 7 5 4 2 2 2 8 1 5 9 5 7 5 5 1,981 U.S. Treasury, general account 5,4 2 7 0 5,4 2 7 0 0 0 0 0 0 0 0 0 0 Foreign official 8 5 1 5 6 2 3 1 1 3 3 0 1 1 0 4 Other 2 9 0 7 1 7 0 0 1 1 0 5 0 0 4 0 1 0 0 Deferred availability cash items 8,0 0 3 4 7 1 8 9 5 6 7 7 6 7 7 6 7 2 1,1 1 0 4 5 7 1 9 1 4 1 6 5 6 3 3 9 9 1,475 Other liabilities and accrued dividends2 4,3 6 4 2 3 1 1,5 3 7 1 7 8 2 1 2 4 1 5 3 5 8 3 9 6 1 6 0 1 1 6 1 3 7 2 1 9 406 Total liabilities 815,9 6 6 36,7 3 1 307,0 0 1 34,1 2 6 34,5 1 1 65,4 8 9 71,8 6 4 68,5 7 1 25,4 3 8 16,3 4 5 24,9 0 2 35,8 0 8 95,180 Capital Capital paid in 13,7 3 9 3 2 3 3,6 9 5 7 5 0 9 9 9 3,9 4 5 1,0 3 5 8 8 5 1 4 4 2 4 4 1 7 8 1 8 7 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 1,0 0 6 3 4 2 8 6 2 8 2 7 2 9 3 1 3 3 7 1 1 4 1 3 1 5 2 4 67 Total liabilities and capital 843,6 1 2 37,4 0 5 314,6 6 7 35,6 4 8 36,5 5 1 73,0 3 5 73,9 2 5 70,4 0 4 25,7 4 0 16,8 4 7 25,2 7 1 36,1 7 2 97,948 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 Mar 1, 2006 Federal Reserve notes outstanding 911,806 Less: Notes held by F.R. Banks not subject to collateralization 158,778 Federal Reserve notes to be collateralized 753,028 Collateral held against Federal Reserve notes 753,028 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 739,789 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 782,432 Less: face value of securities under reverse repurchase agreements 24,703 U.S. Treasury and agency securities eligible to be pledged 757,729 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.