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 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 Mar 15, 2006 Mar 8, 2006 Mar 16, 2005 Mar 15, 2006 Reserve Bank credit 820,050 + 4,672 + 34,695 821,701 Securities held outright 756,617 + 1,665 + 39,105 757,213 U.S. Treasury1 756,617 + 1,665 + 39,105 757,213 Bills2 274,142 0 + 11,137 274,142 Notes and bonds, nominal2 457,020 + 1,550 + 23,924 457,177 Notes and bonds, inflation-indexed2 22,260 + 64 + 3,152 22,646 Inflation compensation3 3,194 + 50 + 892 3,247 Federal agency2 0 0 0 0 Repurchase agreements4 28,536 + 2,857 + 429 29,750 Loans to depository institutions 59 - 3 + 15 60 Primary credit 10 - 10 + 2 12 Secondary credit 0 0 0 0 Seasonal credit 49 + 7 + 14 48 Float 685 - 165 + 1,421 244 Other Federal Reserve assets 34,155 + 320 - 6,274 34,435 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,623 + 14 + 78 36,623 Total factors supplying reserve funds 869,918 + 4,687 + 34,776 871,568 Currency in circulation5 788,533 + 682 + 36,581 789,517 Reverse repurchase agreements6 24,599 + 382 - 766 24,293 Foreign official and international accounts 24,599 + 382 - 766 24,293 Dealers 0 0 0 0 Treasury cash holdings 194 + 7 - 58 197 Deposits with F.R. Banks, other than reserve balances 12,967 - 560 - 2,328 11,399 U.S. Treasury, general account 4,479 - 549 - 639 2,844 Foreign official 99 + 14 + 11 150 Service-related 8,144 0 - 1,410 8,144 Required clearing balances 8,144 0 - 1,410 8,144 Adjustments to compensate for float 0 0 0 0 Other 245 - 24 - 290 261 Other liabilities and capital 32,597 + 83 + 4,469 32,443 Total factors, other than reserve balances, absorbing reserve funds 858,891 + 595 + 37,898 857,849 Reserve balances with Federal Reserve Banks 11,027 + 4,092 - 3,122 13,719 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,594,966 + 3,260 + 210,027 1,588,293 U.S. Treasury 1,133,573 - 3,028 + 48,425 1,125,006 Federal agency 461,393 + 6,287 + 161,602 463,286 Securities lent to dealers 4,023 + 2,203 + 2,200 5,980 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 15, 2006 Mar 8, 2006 Mar 16, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 799 - 21 + 53 Securities, repurchase agreements, and loans 787,023 + 4,904 + 39,199 Securities held outright 757,213 + 1,637 + 39,698 U.S. Treasury1 757,213 + 1,637 + 39,698 Bills2 274,142 0 + 11,137 Notes and bonds, nominal2 457,177 + 1,100 + 24,081 Notes and bonds, inflation-indexed2 22,646 + 450 + 3,538 Inflation compensation3 3,247 + 87 + 941 Federal agency2 0 0 0 Repurchase agreements4 29,750 + 3,250 - 500 Loans 60 + 17 + 2 Items in process of collection (1,011) 6,525 - 1,586 - 129 Bank premises 1,822 + 1 + 25 Other assets5 36,751 + 544 - 1,978 Total assets (1,011) 846,160 + 3,841 + 37,173 Liabilities Federal Reserve notes, net of F.R. Bank holdings 753,886 + 98 + 36,103 Reverse repurchase agreements6 24,293 + 483 - 646 Deposits (0) 29,301 + 3,579 - 2,072 Depository institutions 26,046 + 5,490 - 245 U.S. Treasury, general account 2,844 - 2,007 - 1,902 Foreign official 150 + 64 + 68 Other (0) 261 + 31 + 7 Deferred availability cash items (1,011) 6,238 - 644 - 817 Other liabilities and accrued dividends7 4,508 + 42 + 1,420 Total liabilities (1,011) 818,225 + 3,557 + 33,986 Capital accounts Capital paid in 13,705 - 25 + 1,169 Surplus 12,901 0 + 1,654 Other capital accounts 1,328 + 309 + 362 Total capital 27,935 + 285 + 3,186 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 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 21 46,914 - 1,093 0 0 29,750 24,293 16 days to 90 days 39 174,974 + 676 0 0 0 0 91 days to 1 year 0 184,570 + 421 0 0 . . . . . . Over 1 year to 5 years . . . 215,452 + 1,501 0 0 . . . . . . Over 5 years to 10 years . . . 55,362 + 7 0 0 . . . . . . Over 10 years . . . 79,942 + 126 0 0 . . . . . . All 60 757,213 + 1,637 0 0 29,750 24,293 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 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 7 9 9 4 0 6 6 4 8 6 5 7 6 9 4 9 6 4 4 3 2 6 6 6 8 104 Securities, repurchase agreements, and loans 787,0 2 3 38,7 4 8 330,0 1 1 26,8 6 2 31,9 8 8 57,7 8 8 58,5 8 2 68,2 2 3 23,5 0 3 15,8 2 1 21,4 1 8 37,2 9 6 76,782 Securities held outright 757,2 1 3 38,7 4 1 300,2 6 1 26,8 6 2 31,9 8 8 57,7 8 8 58,5 8 2 68,1 9 1 23,4 9 7 15,8 1 5 21,4 1 7 37,2 9 4 76,777 U.S. Treasury1 757,2 1 3 38,7 4 1 300,2 6 1 26,8 6 2 31,9 8 8 57,7 8 8 58,5 8 2 68,1 9 1 23,4 9 7 15,8 1 5 21,4 1 7 37,2 9 4 76,777 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 483,0 7 1 24,7 1 5 191,5 5 4 17,1 3 7 20,4 0 7 36,8 6 6 37,3 7 3 43,5 0 3 14,9 9 0 10,0 8 9 13,6 6 3 23,7 9 2 48,980 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 6 0 7 0 0 0 0 0 3 2 6 6 1 2 6 Items in process of collection 7,5 3 6 6 7 7 2 3 5 5 1 0 7 3 3 3 9 6 1,6 8 4 2 9 6 4 2 1 2 6 6 5 2 1 4 4 5 1,353 Bank premises 1,8 2 2 1 1 3 2 0 6 5 4 1 5 7 1 5 2 2 3 2 2 1 1 7 0 1 1 9 9 1 2 6 0 159 Other assets5 36,7 5 1 1,2 0 3 13,6 7 8 1,7 2 6 2,1 4 1 6,5 2 1 2,4 6 7 2,5 6 9 7 0 3 6 7 4 6 6 9 9 6 0 3,439 Interdistrict settlement account 0 - 3,6 2 6 -33,3 9 9 + 6,4 4 5 + 1,8 4 0 + 8,9 8 0 + 9,1 0 3 - 2,0 6 5 + 5 1 7 - 2 6 0 + 2,2 6 9 - 4,1 7 1 +14,367 Total assets 847,1 7 1 37,7 8 0 316,0 2 8 36,1 6 0 37,4 8 1 74,8 9 6 73,2 7 2 70,4 7 0 25,6 5 7 16,8 9 3 25,4 1 9 35,5 0 5 97,610 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 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 911,8 2 5 38,8 2 6 328,3 1 5 39,0 3 5 36,9 6 4 72,9 5 6 87,3 8 7 76,7 3 9 27,8 1 5 17,6 5 5 27,5 0 0 49,4 9 1 109,143 Less: notes held by F.R. Banks 157,9 3 9 4,8 8 2 44,5 3 7 6,6 7 4 5,4 3 1 12,5 0 8 22,0 3 3 12,7 6 2 4,2 0 9 2,6 0 7 4,5 2 3 16,9 6 9 20,804 Federal Reserve notes, net 753,8 8 6 33,9 4 4 283,7 7 8 32,3 6 1 31,5 3 3 60,4 4 8 65,3 5 3 63,9 7 7 23,6 0 5 15,0 4 8 22,9 7 7 32,5 2 2 88,339 Reverse repurchase agreements1 24,2 9 3 1,2 4 3 9,6 3 3 8 6 2 1,0 2 6 1,8 5 4 1,8 7 9 2,1 8 8 7 5 4 5 0 7 6 8 7 1,1 9 6 2,463 Deposits 29,3 0 1 1,2 2 6 12,5 8 2 6 0 0 1,9 8 8 3,9 5 7 2,3 5 0 1,7 6 2 6 3 8 3 7 6 7 1 9 7 7 5 2,327 Depository institutions 26,0 4 6 1,2 2 3 9,4 4 3 5 9 8 1,9 8 4 3,8 9 4 2,3 4 7 1,7 5 8 6 0 8 3 7 6 7 1 7 7 7 4 2,323 U.S. Treasury, general account 2,8 4 4 0 2,8 4 4 0 0 0 0 0 0 0 0 0 0 Foreign official 1 5 0 1 1 2 1 2 3 1 1 3 3 0 1 1 0 4 Other 2 6 1 2 1 7 4 0 1 5 2 0 1 2 9 0 1 0 0 Deferred availability cash items 7,2 4 9 4 4 6 7 6 3 6 2 1 6 6 7 5 6 1 1,1 9 1 3 1 3 1 7 7 3 3 7 5 1 9 3 7 8 1,276 Other liabilities and accrued dividends2 4,5 0 8 2 3 9 1,5 8 5 1 8 4 2 2 0 4 2 6 3 6 8 4 1 0 1 6 6 1 2 1 1 4 0 2 2 7 422 Total liabilities 819,2 3 6 37,0 9 8 308,3 4 1 34,6 2 8 35,4 3 4 67,2 4 6 71,1 4 2 68,6 5 0 25,3 4 0 16,3 9 0 25,0 4 2 35,0 9 8 94,828 Capital Capital paid in 13,7 0 5 3 2 4 3,6 6 9 7 5 0 1,0 0 0 3,9 4 6 1,0 3 5 8 7 7 1 4 4 2 4 4 1 7 9 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 1,3 2 8 4 1 3 3 3 3 8 3 4 3 9 7 2 0 3 6 7 2 9 1 5 2 3 6 7 82 Total liabilities and capital 847,1 7 1 37,7 8 0 316,0 2 8 36,1 6 0 37,4 8 1 74,8 9 6 73,2 7 2 70,4 7 0 25,6 5 7 16,8 9 3 25,4 1 9 35,5 0 5 97,610 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 15, 2006 Federal Reserve notes outstanding 911,825 Less: Notes held by F.R. Banks not subject to collateralization 157,939 Federal Reserve notes to be collateralized 753,886 Collateral held against Federal Reserve notes 753,886 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 740,646 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 786,963 Less: face value of securities under reverse repurchase agreements 24,324 U.S. Treasury and agency securities eligible to be pledged 762,638 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.