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 April 6, 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 Apr 5, 2006 Mar 29, 2006 Apr 6, 2005 Apr 5, 2006 Reserve Bank credit 820,479 + 6,376 + 37,076 816,849 Securities held outright 758,544 + 31 + 41,203 758,551 U.S. Treasury1 758,544 + 31 + 41,203 758,551 Bills2 275,370 0 + 12,365 275,370 Notes and bonds, nominal2 457,177 0 + 24,292 457,177 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,351 + 31 + 1,009 3,358 Federal agency2 0 0 0 0 Repurchase agreements4 24,143 + 3,393 - 1,000 19,250 Loans to depository institutions 294 + 203 + 225 64 Primary credit 235 + 199 + 223 0 Secondary credit 0 0 0 0 Seasonal credit 59 + 4 + 2 64 Float -1,800 - 1,509 - 2,033 -575 Other Federal Reserve assets 39,298 + 4,258 - 1,320 39,559 Gold stock 11,043 - 1 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,665 + 14 + 120 36,665 Total factors supplying reserve funds 870,387 + 6,389 + 37,197 866,758 Currency in circulation5 788,441 + 1,209 + 33,931 790,241 Reverse repurchase agreements6 25,181 + 2,288 + 2,066 23,523 Foreign official and international accounts 25,181 + 2,288 + 2,066 23,523 Dealers 0 0 0 0 Treasury cash holdings 208 + 4 - 75 198 Deposits with F.R. Banks, other than reserve balances 13,309 - 375 - 1,939 12,828 U.S. Treasury, general account 5,228 - 172 - 68 4,663 Foreign official 85 0 - 26 84 Service-related 7,729 - 252 - 1,785 7,729 Required clearing balances 7,729 - 252 - 1,785 7,729 Adjustments to compensate for float 0 0 0 0 Other 267 + 48 - 59 352 Other liabilities and capital 32,939 + 44 + 5,077 32,796 Total factors, other than reserve balances, absorbing reserve funds 860,077 + 3,168 + 39,059 859,587 Reserve balances with Federal Reserve Banks 10,310 + 3,220 - 1,862 7,171 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,593,876 + 1,687 + 203,857 1,587,572 U.S. Treasury 1,127,591 + 51 + 45,775 1,121,040 Federal agency 466,284 + 1,635 + 158,081 466,532 Securities lent to dealers 2,159 + 1,234 - 820 1,499 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 Apr 5, 2006 Mar 29, 2006 Apr 6, 2005 Assets Gold certificate account 11,039 - 1 + 2 Special drawing rights certificate account 2,200 0 0 Coin 797 + 8 + 77 Securities, repurchase agreements, and loans 777,865 - 415 + 40,448 Securities held outright 758,551 + 22 + 41,200 U.S. Treasury1 758,551 + 22 + 41,200 Bills2 275,370 0 + 12,365 Notes and bonds, nominal2 457,177 0 + 24,292 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,358 + 22 + 1,006 Federal agency2 0 0 0 Repurchase agreements4 19,250 - 250 - 750 Loans 64 - 187 - 1 Items in process of collection (1,390) 6,313 + 1,054 - 1,036 Bank premises 1,832 + 8 + 30 Other assets5 37,722 + 251 - 924 Total assets (1,390) 837,768 + 906 + 38,598 Liabilities Federal Reserve notes, net of F.R. Bank holdings 754,567 + 1,440 + 34,243 Reverse repurchase agreements6 23,523 + 1,104 + 537 Deposits (0) 20,022 - 2,859 - 681 Depository institutions 14,923 - 3,036 - 868 U.S. Treasury, general account 4,663 + 44 + 133 Foreign official 84 0 + 2 Other (0) 352 + 133 + 52 Deferred availability cash items (1,390) 6,859 + 906 - 560 Other liabilities and accrued dividends7 4,613 - 34 + 1,382 Total liabilities (1,390) 809,585 + 558 + 34,921 Capital accounts Capital paid in 13,766 + 18 + 1,181 Surplus 12,901 0 + 1,736 Other capital accounts 1,515 + 329 + 758 Total capital 28,183 + 348 + 3,676 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, April 5, 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 12 47,230 - 6,815 0 0 19,250 23,523 16 days to 90 days 52 174,254 + 6,685 0 0 0 0 91 days to 1 year 0 185,878 - 201 0 0 . . . . . . Over 1 year to 5 years . . . 215,819 + 340 0 0 . . . . . . Over 5 years to 10 years . . . 55,378 + 3 0 0 . . . . . . Over 10 years . . . 79,992 + 10 0 0 . . . . . . All 64 758,551 + 22 0 0 19,250 23,523 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 April 5, 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 3 9 5 1 0 4,3 5 7 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 7 3 8 7 0 5 1 6 2 7 4 8 2 9 9 4 2 3 6 6 4 6 9 111 Securities, repurchase agreements, and loans 777,8 6 5 38,8 2 0 320,0 4 2 26,9 0 9 32,0 4 5 57,8 9 0 58,6 8 6 68,3 4 9 23,5 3 9 15,8 5 4 21,4 5 8 37,3 6 2 76,912 Securities held outright 758,5 5 1 38,8 1 0 300,7 9 2 26,9 0 9 32,0 4 5 57,8 9 0 58,6 8 6 68,3 1 1 23,5 3 9 15,8 4 3 21,4 5 5 37,3 6 0 76,912 U.S. Treasury1 758,5 5 1 38,8 1 0 300,7 9 2 26,9 0 9 32,0 4 5 57,8 9 0 58,6 8 6 68,3 1 1 23,5 3 9 15,8 4 3 21,4 5 5 37,3 6 0 76,912 Bills2 275,3 7 0 14,0 8 9 109,1 9 4 9,7 6 9 11,6 3 3 21,0 1 5 21,3 0 4 24,7 9 8 8,5 4 5 5,7 5 1 7,7 8 9 13,5 6 2 27,921 Notes and bonds3 483,1 8 1 24,7 2 1 191,5 9 8 17,1 4 1 20,4 1 2 36,8 7 5 37,3 8 1 43,5 1 3 14,9 9 4 10,0 9 2 13,6 6 6 23,7 9 7 48,992 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,2 5 0 0 19,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 6 4 1 0 0 0 0 0 0 3 8 0 1 1 3 2 0 Items in process of collection 7,7 0 3 6 2 6 4 2 7 3 9 8 6 0 0 6 1 7 1,1 0 1 3 0 2 2 9 2 3 1 6 5 9 5 5 9 8 1,833 Bank premises 1,8 3 2 1 1 3 2 0 5 5 5 1 5 7 1 5 3 2 3 1 2 1 0 6 9 1 1 8 9 5 2 5 9 166 Other assets5 37,7 2 2 1,2 4 9 14,0 5 1 1,6 6 4 2,1 9 6 6,6 4 8 2,5 8 9 2,6 5 9 7 2 9 6 9 2 6 9 3 1,0 0 4 3,547 Interdistrict settlement account 0 - 4,3 1 5 -24,0 5 0 + 6,7 9 2 + 7 1 + 6,7 0 9 + 8,5 4 6 - 3,4 6 8 + 5 1 5 - 3 5 8 + 2,3 1 7 - 4,3 0 4 +11,543 Total assets 839,1 5 7 37,1 5 6 315,9 7 6 36,3 8 4 35,6 8 8 73,0 7 3 72,3 4 5 69,2 9 1 25,5 8 4 16,9 0 0 25,6 0 7 35,6 3 4 95,519 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 April 5, 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 912,3 6 9 38,6 9 5 330,5 2 0 39,2 8 0 36,8 2 9 73,1 1 2 87,0 6 6 76,2 0 6 27,7 1 7 17,6 0 0 27,3 8 4 49,3 5 1 108,611 Less: notes held by F.R. Banks 157,8 0 2 4,7 6 5 43,9 4 2 6,8 4 3 5,5 5 7 12,5 6 8 21,8 0 1 12,9 3 2 4,0 3 2 2,5 5 2 4,1 4 4 17,1 4 0 21,526 Federal Reserve notes, net 754,5 6 7 33,9 3 1 286,5 7 8 32,4 3 7 31,2 7 2 60,5 4 3 65,2 6 5 63,2 7 4 23,6 8 5 15,0 4 7 23,2 4 0 32,2 1 1 87,085 Reverse repurchase agreements1 23,5 2 3 1,2 0 3 9,3 2 8 8 3 4 9 9 4 1,7 9 5 1,8 2 0 2,1 1 8 7 3 0 4 9 1 6 6 5 1,1 5 9 2,385 Deposits 20,0 2 2 5 6 9 9,7 9 9 5 3 5 6 1 4 1,7 3 4 1,7 2 4 1,2 4 1 5 0 6 3 3 0 6 2 6 7 6 2 1,583 Depository institutions 14,9 2 3 5 6 8 4,9 1 5 5 3 2 6 1 1 1,5 4 2 1,7 2 1 1,2 3 8 5 0 5 3 2 9 6 2 5 7 6 0 1,579 U.S. Treasury, general account 4,6 6 3 0 4,6 6 3 0 0 0 0 0 0 0 0 0 0 Foreign official 8 4 1 5 5 2 3 1 1 3 3 0 1 1 0 4 Other 3 5 2 0 1 6 5 0 0 1 8 1 0 1 1 0 1 2 0 Deferred availability cash items 8,2 4 9 5 3 4 9 7 4 8 5 1 5 3 4 7 2 2 1,0 0 0 4 0 4 1 8 7 4 0 9 5 6 1 8 2 1 1,253 Other liabilities and accrued dividends2 4,6 1 3 2 4 2 1,6 2 0 1 8 8 2 2 5 4 5 6 3 7 5 4 1 3 1 6 6 1 2 1 1 4 7 2 3 0 430 Total liabilities 810,9 7 5 36,4 7 8 308,2 9 8 34,8 4 6 33,6 3 8 65,2 5 0 70,1 8 3 67,4 5 0 25,2 7 5 16,3 9 9 25,2 4 0 35,1 8 2 92,736 Capital Capital paid in 13,7 6 6 3 2 4 3,6 7 0 7 5 8 1,0 0 0 3,9 4 6 1,0 5 1 8 9 1 1 4 7 2 4 3 1 7 3 2 1 1 1,353 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 1,5 1 5 3 7 3 2 3 3 7 3 6 5 7 0 2 1 9 7 3 1 8 1 3 2 0 8 8 81 Total liabilities and capital 839,1 5 7 37,1 5 6 315,9 7 6 36,3 8 4 35,6 8 8 73,0 7 3 72,3 4 5 69,2 9 1 25,5 8 4 16,9 0 0 25,6 0 7 35,6 3 4 95,519 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 Apr 5, 2006 Federal Reserve notes outstanding 912,369 Less: Notes held by F.R. Banks not subject to collateralization 157,802 Federal Reserve notes to be collateralized 754,567 Collateral held against Federal Reserve notes 754,567 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 741,328 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 777,801 Less: face value of securities under reverse repurchase agreements 23,554 U.S. Treasury and agency securities eligible to be pledged 754,246 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.