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 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 Mar 22, 2006 Mar 15, 2006 Mar 23, 2005 Mar 22, 2006 Reserve Bank credit 820,825 + 776 + 37,347 816,907 Securities held outright 757,241 + 624 + 39,719 757,257 U.S. Treasury1 757,241 + 624 + 39,719 757,257 Bills2 274,142 0 + 11,137 274,142 Notes and bonds, nominal2 457,177 + 157 + 24,081 457,177 Notes and bonds, inflation-indexed2 22,646 + 386 + 3,538 22,646 Inflation compensation3 3,275 + 81 + 963 3,292 Federal agency2 0 0 0 0 Repurchase agreements4 28,893 + 357 + 2,929 25,750 Loans to depository institutions 403 + 344 + 360 201 Primary credit 350 + 340 + 345 148 Secondary credit 0 0 0 0 Seasonal credit 52 + 3 + 14 53 Float -519 - 1,202 + 214 -1,189 Other Federal Reserve assets 34,808 + 653 - 5,873 34,888 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,637 + 14 + 92 36,637 Total factors supplying reserve funds 870,706 + 790 + 37,441 866,788 Currency in circulation5 787,714 - 819 + 35,717 788,548 Reverse repurchase agreements6 25,013 + 414 - 1,035 24,151 Foreign official and international accounts 25,013 + 414 - 1,035 24,151 Dealers 0 0 0 0 Treasury cash holdings 198 + 4 - 59 204 Deposits with F.R. Banks, other than reserve balances 13,525 + 558 - 515 12,689 U.S. Treasury, general account 5,142 + 663 + 174 4,414 Foreign official 172 + 73 + 84 71 Service-related 7,980 - 164 - 752 7,980 Required clearing balances 7,980 - 164 - 752 7,980 Adjustments to compensate for float 0 0 0 0 Other 231 - 14 - 21 223 Other liabilities and capital 33,070 + 473 + 5,095 32,537 Total factors, other than reserve balances, absorbing reserve funds 859,519 + 628 + 39,203 858,129 Reserve balances with Federal Reserve Banks 11,187 + 162 - 1,762 8,659 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,586,949 - 8,017 + 198,263 1,588,379 U.S. Treasury 1,123,105 - 10,468 + 37,633 1,123,855 Federal agency 463,844 + 2,451 + 160,631 464,524 Securities lent to dealers 1,627 - 2,396 - 1,063 942 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 22, 2006 Mar 15, 2006 Mar 23, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 795 - 4 + 65 Securities, repurchase agreements, and loans 783,208 - 3,815 + 46,389 Securities held outright 757,257 + 44 + 39,731 U.S. Treasury1 757,257 + 44 + 39,731 Bills2 274,142 0 + 11,137 Notes and bonds, nominal2 457,177 0 + 24,081 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,292 + 45 + 976 Federal agency2 0 0 0 Repurchase agreements4 25,750 - 4,000 + 6,500 Loans 201 + 141 + 158 Items in process of collection (1,193) 4,898 - 1,627 - 2,823 Bank premises 1,825 + 3 + 24 Other assets5 37,200 + 449 - 1,382 Total assets (1,193) 841,165 - 4,995 + 42,276 Liabilities Federal Reserve notes, net of F.R. Bank holdings 752,905 - 981 + 35,333 Reverse repurchase agreements6 24,151 - 142 - 340 Deposits (0) 25,480 - 3,821 + 2,789 Depository institutions 20,771 - 5,275 + 3,078 U.S. Treasury, general account 4,414 + 1,570 - 263 Foreign official 71 - 79 - 12 Other (0) 223 - 38 - 16 Deferred availability cash items (1,193) 6,092 - 146 - 563 Other liabilities and accrued dividends7 4,574 + 66 + 1,394 Total liabilities (1,193) 813,202 - 5,023 + 38,613 Capital accounts Capital paid in 13,731 + 26 + 1,173 Surplus 12,901 0 + 1,701 Other capital accounts 1,331 + 3 + 789 Total capital 27,963 + 28 + 3,663 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 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 201 54,496 + 7,582 0 0 25,750 24,151 16 days to 90 days 0 167,102 - 7,872 0 0 0 0 91 days to 1 year 0 184,863 + 293 0 0 . . . . . . Over 1 year to 5 years . . . 215,466 + 14 0 0 . . . . . . Over 5 years to 10 years . . . 55,368 + 6 0 0 . . . . . . Over 10 years . . . 79,962 + 20 0 0 . . . . . . All 201 757,257 + 44 0 0 25,750 24,151 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 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 7 9 5 3 9 6 8 4 9 6 3 7 6 8 9 9 5 4 2 3 2 6 5 6 7 108 Securities, repurchase agreements, and loans 783,2 0 8 38,7 5 3 326,0 2 9 26,8 6 3 31,9 9 0 57,7 9 1 58,5 8 5 68,2 2 8 23,4 9 8 15,8 2 2 21,4 2 0 37,2 9 8 76,929 Securities held outright 757,2 5 7 38,7 4 4 300,2 7 9 26,8 6 3 31,9 9 0 57,7 9 1 58,5 8 5 68,1 9 5 23,4 9 8 15,8 1 6 21,4 1 8 37,2 9 6 76,781 U.S. Treasury1 757,2 5 7 38,7 4 4 300,2 7 9 26,8 6 3 31,9 9 0 57,7 9 1 58,5 8 5 68,1 9 5 23,4 9 8 15,8 1 6 21,4 1 8 37,2 9 6 76,781 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 483,1 1 5 24,7 1 8 191,5 7 2 17,1 3 8 20,4 0 9 36,8 7 0 37,3 7 6 43,5 0 7 14,9 9 1 10,0 9 0 13,6 6 5 23,7 9 4 48,985 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 25,7 5 0 0 25,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 0 1 1 0 0 0 0 0 0 3 4 0 6 1 2 148 Items in process of collection 6,0 9 0 4 9 5 4 6 1 4 6 1 4 9 2 3 7 6 1,0 9 6 1 5 6 2 3 0 2 4 5 5 4 6 3 7 7 1,156 Bank premises 1,8 2 5 1 1 3 2 0 6 5 5 1 5 7 1 5 3 2 3 2 2 1 0 7 0 1 1 9 9 2 2 6 0 159 Other assets5 37,2 0 0 1,2 2 8 13,8 6 7 1,6 7 0 2,1 6 8 6,5 8 0 2,5 1 9 2,6 1 3 7 1 7 6 8 4 6 8 3 9 8 3 3,489 Interdistrict settlement account 0 - 4,0 8 9 -26,5 0 5 + 6,7 5 2 + 3 7 0 + 6,1 9 0 + 9,0 0 0 - 2,7 8 5 + 5 8 0 - 3 2 5 + 2,1 5 9 - 4,0 6 2 +12,714 Total assets 842,3 5 7 37,1 6 5 319,3 5 8 36,3 6 4 35,7 9 8 72,1 4 9 72,6 3 2 69,6 5 7 25,5 3 6 16,8 1 8 25,3 4 8 35,5 6 9 95,961 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 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 912,6 1 3 38,6 1 8 329,5 6 8 39,1 2 9 36,8 2 9 72,9 3 3 87,7 0 8 76,4 1 7 27,7 9 6 17,5 9 1 27,4 3 9 49,5 7 6 109,010 Less: notes held by F.R. Banks 159,7 0 8 4,8 7 2 45,2 5 1 6,8 3 7 5,5 5 9 12,8 0 8 22,0 6 1 12,7 3 9 4,1 4 7 2,5 4 9 4,3 9 9 16,9 7 5 21,511 Federal Reserve notes, net 752,9 0 5 33,7 4 5 284,3 1 6 32,2 9 2 31,2 7 0 60,1 2 5 65,6 4 8 63,6 7 9 23,6 4 9 15,0 4 2 23,0 4 0 32,6 0 1 87,499 Reverse repurchase agreements1 24,1 5 1 1,2 3 6 9,5 7 7 8 5 7 1,0 2 0 1,8 4 3 1,8 6 8 2,1 7 5 7 4 9 5 0 4 6 8 3 1,1 8 9 2,449 Deposits 25,4 8 0 7 5 7 15,2 9 2 6 4 2 6 8 5 1,4 3 3 1,6 4 9 1,2 2 8 4 9 2 3 1 4 5 5 7 7 3 2 1,699 Depository institutions 20,7 7 1 7 5 5 10,6 6 6 6 3 9 6 7 9 1,3 7 6 1,6 4 6 1,2 2 5 4 9 0 3 1 3 5 5 6 7 3 2 1,695 U.S. Treasury, general account 4,4 1 4 0 4,4 1 4 0 0 0 0 0 0 0 0 0 0 Foreign official 7 1 1 4 2 2 3 1 1 3 3 0 1 1 0 4 Other 2 2 3 1 1 6 9 0 3 4 6 0 1 1 0 1 0 0 Deferred availability cash items 7,2 8 5 5 0 1 9 1 3 8 6 1 5 5 5 5 9 5 9 6 6 3 4 6 1 7 1 3 3 2 5 4 9 3 8 3 1,111 Other liabilities and accrued dividends2 4,5 7 4 2 4 1 1,6 0 6 1 8 8 2 2 2 4 3 6 3 7 3 4 1 9 1 6 5 1 2 3 1 4 3 2 3 0 429 Total liabilities 814,3 9 4 36,4 8 1 311,7 0 4 34,8 3 9 33,7 5 1 64,4 3 2 70,5 0 4 67,8 4 6 25,2 2 6 16,3 1 6 24,9 7 2 35,1 3 5 93,187 Capital Capital paid in 13,7 3 1 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 8 2 1 2 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 3 1 4 3 3 0 0 3 2 3 4 4 6 4 2 0 1 5 8 2 2 1 4 2 3 6 9 73 Total liabilities and capital 842,3 5 7 37,1 6 5 319,3 5 8 36,3 6 4 35,7 9 8 72,1 4 9 72,6 3 2 69,6 5 7 25,5 3 6 16,8 1 8 25,3 4 8 35,5 6 9 95,961 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 22, 2006 Federal Reserve notes outstanding 912,613 Less: Notes held by F.R. Banks not subject to collateralization 159,708 Federal Reserve notes to be collateralized 752,905 Collateral held against Federal Reserve notes 752,905 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 739,665 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 783,007 Less: face value of securities under reverse repurchase agreements 24,183 U.S. Treasury and agency securities eligible to be pledged 758,824 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.