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 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 Mar 8, 2006 Mar 1, 2006 Mar 9, 2005 Mar 8, 2006 Reserve Bank credit 815,376 - 5,382 + 37,845 817,148 Securities held outright 754,952 + 1,262 + 37,450 755,576 U.S. Treasury1 754,952 + 1,262 + 37,450 755,576 Bills2 274,142 0 + 11,137 274,142 Notes and bonds, nominal2 455,470 + 1,235 + 22,374 456,077 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 22,196 Inflation compensation3 3,144 + 26 + 852 3,160 Federal agency2 0 0 0 0 Repurchase agreements4 25,679 - 3,357 + 4,786 26,500 Loans to depository institutions 62 + 28 + 29 43 Primary credit 20 + 14 + 15 0 Secondary credit 0 0 0 0 Seasonal credit 42 + 14 + 13 43 Float 848 + 637 + 1,610 1,139 Other Federal Reserve assets 33,835 - 3,952 - 6,031 33,889 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,609 + 14 + 63 36,609 Total factors supplying reserve funds 865,230 - 5,367 + 37,912 867,001 Currency in circulation5 787,851 + 683 + 36,281 789,388 Reverse repurchase agreements6 24,217 - 430 - 1,414 23,810 Foreign official and international accounts 24,217 - 430 - 1,414 23,810 Dealers 0 0 0 0 Treasury cash holdings 187 + 2 - 70 193 Deposits with F.R. Banks, other than reserve balances 13,527 + 85 - 693 13,311 U.S. Treasury, general account 5,028 - 52 + 724 4,851 Foreign official 85 + 2 + 2 86 Service-related 8,144 + 130 - 1,410 8,144 Required clearing balances 8,144 + 130 - 1,410 8,144 Adjustments to compensate for float 0 0 0 0 Other 269 + 4 - 10 230 Other liabilities and capital 32,514 + 198 + 4,781 32,117 Total factors, other than reserve balances, absorbing reserve funds 858,296 + 538 + 38,884 858,819 Reserve balances with Federal Reserve Banks 6,934 - 5,905 - 973 8,182 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,591,706 + 11,870 + 211,377 1,598,592 U.S. Treasury 1,136,601 + 9,982 + 56,249 1,141,697 Federal agency 455,106 + 1,889 + 155,129 456,896 Securities lent to dealers 1,820 - 1,789 + 120 2,539 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 8, 2006 Mar 1, 2006 Mar 9, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 820 - 6 + 47 Securities, repurchase agreements, and loans 782,119 - 352 + 42,581 Securities held outright 755,576 + 894 + 38,071 U.S. Treasury1 755,576 + 894 + 38,071 Bills2 274,142 0 + 11,137 Notes and bonds, nominal2 456,077 + 850 + 22,981 Notes and bonds, inflation-indexed2 22,196 0 + 3,088 Inflation compensation3 3,160 + 43 + 864 Federal agency2 0 0 0 Repurchase agreements4 26,500 - 1,250 + 4,500 Loans 43 + 5 + 11 Items in process of collection (1,294) 8,111 - 14 + 812 Bank premises 1,821 0 + 28 Other assets5 36,207 + 286 - 2,158 Total assets (1,294) 842,319 - 84 + 41,314 Liabilities Federal Reserve notes, net of F.R. Bank holdings 753,788 + 760 + 36,382 Reverse repurchase agreements6 23,810 - 862 - 1,620 Deposits (0) 25,722 - 177 + 2,583 Depository institutions 20,556 + 459 + 2,383 U.S. Treasury, general account 4,851 - 576 + 252 Foreign official 86 + 1 + 4 Other (0) 230 - 60 - 56 Deferred availability cash items (1,294) 6,882 + 89 - 313 Other liabilities and accrued dividends7 4,466 + 102 + 1,357 Total liabilities (1,294) 814,668 - 88 + 38,389 Capital accounts Capital paid in 13,730 - 9 + 1,195 Surplus 12,901 0 + 1,685 Other capital accounts 1,019 + 13 + 44 Total capital 27,650 + 4 + 2,923 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 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 11 48,007 - 403 0 0 26,500 23,810 16 days to 90 days 32 174,298 + 6,936 0 0 0 0 91 days to 1 year 0 184,149 - 6,529 0 0 . . . . . . Over 1 year to 5 years . . . 213,951 + 468 0 0 . . . . . . Over 5 years to 10 years . . . 55,355 + 402 0 0 . . . . . . Over 10 years . . . 79,816 + 20 0 0 . . . . . . All 43 755,576 + 894 0 0 26,500 23,810 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 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 2 0 4 0 6 7 4 9 6 5 7 9 9 8 9 7 5 0 3 2 6 7 7 2 104 Securities, repurchase agreements, and loans 782,1 1 9 38,6 6 7 326,1 1 2 26,8 0 4 31,9 1 9 57,6 6 3 58,4 5 5 68,0 7 0 23,4 4 6 15,7 8 5 21,3 7 2 37,2 1 4 76,611 Securities held outright 755,5 7 6 38,6 5 8 299,6 1 2 26,8 0 4 31,9 1 9 57,6 6 3 58,4 5 5 68,0 4 3 23,4 4 6 15,7 8 1 21,3 7 1 37,2 1 3 76,611 U.S. Treasury1 755,5 7 6 38,6 5 8 299,6 1 2 26,8 0 4 31,9 1 9 57,6 6 3 58,4 5 5 68,0 4 3 23,4 4 6 15,7 8 1 21,3 7 1 37,2 1 3 76,611 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 481,4 3 4 24,6 3 2 190,9 0 5 17,0 7 9 20,3 3 8 36,7 4 1 37,2 4 6 43,3 5 5 14,9 3 9 10,0 5 5 13,6 1 7 23,7 1 1 48,814 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 26,5 0 0 0 26,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 4 3 1 0 0 0 0 0 0 2 7 0 5 1 1 0 Items in process of collection 9,4 0 5 1,1 5 1 6 3 7 4 3 1 6 3 8 5 3 5 2,4 0 8 3 7 8 2 7 3 3 4 0 6 4 6 4 8 4 1,484 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 36,2 0 7 1,1 8 1 13,4 8 6 1,6 0 0 2,1 2 8 6,4 5 1 2,4 7 4 2,5 2 4 7 2 2 6 6 5 6 5 7 9 4 0 3,380 Interdistrict settlement account 0 - 4,2 8 1 -30,5 1 7 + 6,2 4 5 + 9 0 8 + 8,4 6 5 + 8,2 4 2 - 1,9 8 2 + 6 3 7 - 2 8 9 + 2,0 2 7 - 3,7 2 8 +14,274 Total assets 843,6 1 2 37,4 9 6 315,2 2 1 35,6 9 6 36,3 7 3 74,3 2 8 73,0 2 0 70,4 3 8 25,5 9 5 16,8 9 4 25,2 4 5 35,8 8 8 97,417 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 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 912,1 6 0 38,8 4 2 327,8 7 5 39,0 1 2 36,9 8 7 72,9 5 2 87,6 7 6 76,8 1 0 27,7 8 8 17,6 7 2 27,5 5 1 49,6 1 4 109,381 Less: notes held by F.R. Banks 158,3 7 2 4,8 6 7 45,4 5 6 7,1 5 2 5,3 4 1 12,3 0 4 21,8 7 2 12,7 1 1 4,0 7 6 2,5 9 3 4,6 3 1 16,6 0 4 20,766 Federal Reserve notes, net 753,7 8 8 33,9 7 6 282,4 1 9 31,8 6 0 31,6 4 6 60,6 4 8 65,8 0 4 64,0 9 9 23,7 1 2 15,0 7 9 22,9 2 1 33,0 0 9 88,615 Reverse repurchase agreements1 23,8 1 0 1,2 1 8 9,4 4 2 8 4 5 1,0 0 6 1,8 1 7 1,8 4 2 2,1 4 4 7 3 9 4 9 7 6 7 3 1,1 7 3 2,414 Deposits 25,7 2 2 8 1 7 13,1 5 9 5 0 4 8 6 7 3,1 7 9 1,7 8 5 1,5 4 4 4 9 7 3 1 8 5 5 5 7 0 6 1,791 Depository institutions 20,5 5 6 8 1 0 8,0 8 9 5 0 1 8 6 4 3,1 1 1 1,7 8 2 1,5 4 1 4 9 6 3 1 7 5 5 4 7 0 5 1,787 U.S. Treasury, general account 4,8 5 1 0 4,8 5 1 0 0 0 0 0 0 0 0 0 0 Foreign official 8 6 1 5 7 2 3 1 1 3 3 0 1 1 0 4 Other 2 3 0 7 1 6 3 0 0 5 7 0 1 1 0 1 0 0 Deferred availability cash items 8,1 7 5 5 7 3 1,0 0 3 7 9 2 6 0 0 6 9 5 1,1 1 9 4 3 9 1 7 8 3 8 3 5 8 3 3 8 4 1,428 Other liabilities and accrued dividends2 4,4 6 6 2 3 7 1,5 6 6 1 8 3 2 1 7 4 2 9 3 6 6 4 0 7 1 6 3 1 1 9 1 4 0 2 2 4 415 Total liabilities 815,9 6 2 36,8 2 2 307,5 8 9 34,1 8 3 34,3 3 6 66,7 6 8 70,9 1 6 68,6 3 2 25,2 8 9 16,3 9 6 24,8 7 2 35,4 9 6 94,663 Capital Capital paid in 13,7 3 0 3 2 3 3,6 9 5 7 5 0 9 9 9 3,9 4 5 1,0 3 5 8 7 7 1 4 4 2 4 4 1 7 8 1 8 8 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 1 9 3 4 2 5 3 2 0 2 3 3 0 7 1 7 7 5 3 1 8 1 0 1 9 5 2 53 Total liabilities and capital 843,6 1 2 37,4 9 6 315,2 2 1 35,6 9 6 36,3 7 3 74,3 2 8 73,0 2 0 70,4 3 8 25,5 9 5 16,8 9 4 25,2 4 5 35,8 8 8 97,417 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 8, 2006 Federal Reserve notes outstanding 912,160 Less: Notes held by F.R. Banks not subject to collateralization 158,372 Federal Reserve notes to be collateralized 753,788 Collateral held against Federal Reserve notes 753,788 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 740,548 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 782,076 Less: face value of securities under reverse repurchase agreements 23,840 U.S. Treasury and agency securities eligible to be pledged 758,235 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.