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 20, 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 19, 2006 Apr 12, 2006 Apr 20, 2005 Apr 19, 2006 Reserve Bank credit 823,734 + 5,857 + 38,111 819,128 Securities held outright 758,571 + 12 + 41,173 758,575 U.S. Treasury1 758,571 + 12 + 41,173 758,575 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 3,378 + 13 + 978 3,382 Federal agency2 0 0 0 0 Repurchase agreements4 26,321 + 6,857 - 1,143 21,250 Loans to depository institutions 87 - 513 + 2 88 Primary credit 3 - 523 - 2 8 Secondary credit 0 0 0 0 Seasonal credit 84 + 10 + 4 80 Float -1,244 - 851 - 770 -893 Other Federal Reserve assets 39,999 + 352 - 1,151 40,108 Gold stock 11,043 0 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,693 + 14 + 148 36,693 Total factors supplying reserve funds 873,671 + 5,872 + 38,261 869,065 Currency in circulation5 789,936 + 432 + 36,573 790,970 Reverse repurchase agreements6 25,410 + 1,764 + 1,641 24,729 Foreign official and international accounts 25,410 + 1,764 + 1,641 24,729 Dealers 0 0 0 0 Treasury cash holdings 208 + 8 - 61 202 Deposits with F.R. Banks, other than reserve balances 12,997 - 234 - 1,041 13,218 U.S. Treasury, general account 4,999 - 127 - 202 5,245 Foreign official 83 - 3 - 19 85 Service-related 7,608 - 121 - 818 7,608 Required clearing balances 7,608 - 121 - 818 7,608 Adjustments to compensate for float 0 0 0 0 Other 308 + 18 - 3 281 Other liabilities and capital 33,021 + 20 + 4,378 32,964 Total factors, other than reserve balances, absorbing reserve funds 861,573 + 1,991 + 41,491 862,084 Reserve balances with Federal Reserve Banks 12,098 + 3,881 - 3,230 6,981 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,604,704 + 12,328 + 215,696 1,607,334 U.S. Treasury 1,130,330 + 5,668 + 55,689 1,129,993 Federal agency 474,374 + 6,661 + 160,007 477,341 Securities lent to dealers 737 - 355 - 148 1,023 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 19, 2006 Apr 12, 2006 Apr 20, 2005 Assets Gold certificate account 11,039 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 801 + 3 + 85 Securities, repurchase agreements, and loans 779,913 - 1,155 + 38,666 Securities held outright 758,575 + 12 + 41,166 U.S. Treasury1 758,575 + 12 + 41,166 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 3,382 + 12 + 972 Federal agency2 0 0 0 Repurchase agreements4 21,250 + 2,500 - 2,500 Loans 88 - 3,667 0 Items in process of collection (1,005) 5,416 + 313 - 1,794 Bank premises 1,833 0 + 28 Other assets5 38,269 + 299 - 1,157 Total assets (1,005) 839,471 - 540 + 35,830 Liabilities Federal Reserve notes, net of F.R. Bank holdings 755,276 - 358 + 36,742 Reverse repurchase agreements6 24,729 + 713 - 371 Deposits (0) 20,194 - 1,161 - 4,132 Depository institutions 14,583 - 2,063 - 5,241 U.S. Treasury, general account 5,245 + 911 + 1,143 Foreign official 85 - 5 + 1 Other (0) 281 - 4 - 34 Deferred availability cash items (1,005) 6,309 - 146 - 845 Other liabilities and accrued dividends7 4,594 - 44 + 1,331 Total liabilities (1,005) 811,101 - 997 + 32,724 Capital accounts Capital paid in 13,751 - 20 + 1,019 Surplus 12,901 0 + 1,581 Other capital accounts 1,717 + 476 + 505 Total capital 28,370 + 457 + 3,105 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 19, 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 84 60,915 + 11,092 0 0 21,250 24,729 16 days to 90 days 4 167,450 - 4,677 0 0 0 0 91 days to 1 year 0 178,998 - 6,414 0 0 . . . . . . Over 1 year to 5 years . . . 215,827 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 55,382 + 2 0 0 . . . . . . Over 10 years . . . 80,003 + 5 0 0 . . . . . . All 88 758,575 + 12 0 0 21,250 24,729 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 19, 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 4 8 6 4,1 4 1 4 6 3 4 4 6 8 5 3 1,0 2 3 9 4 7 3 2 8 2 1 1 3 2 4 5 7 5 1,242 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 0 1 4 1 6 5 4 7 5 9 7 0 9 0 9 8 4 5 3 9 6 4 7 1 112 Securities, repurchase agreements, and loans 779,9 1 3 36,2 0 6 302,0 1 9 32,9 3 4 32,7 5 5 63,0 1 5 63,5 0 5 69,6 9 2 24,1 0 7 15,4 3 9 22,2 2 1 34,0 4 6 83,973 Securities held outright 758,5 7 5 36,1 9 8 280,7 6 9 32,9 3 4 32,7 5 5 63,0 1 5 63,5 0 5 69,6 5 2 24,1 0 1 15,4 2 1 22,2 1 3 34,0 4 4 83,967 U.S. Treasury1 758,5 7 5 36,1 9 8 280,7 6 9 32,9 3 4 32,7 5 5 63,0 1 5 63,5 0 5 69,6 5 2 24,1 0 1 15,4 2 1 22,2 1 3 34,0 4 4 83,967 Bills2 275,3 7 0 13,1 4 0 101,9 2 2 11,9 5 5 11,8 9 0 22,8 7 5 23,0 5 3 25,2 8 4 8,7 4 9 5,5 9 8 8,0 6 3 12,3 5 8 30,481 Notes and bonds3 483,2 0 5 23,0 5 8 178,8 4 7 20,9 7 9 20,8 6 5 40,1 4 0 40,4 5 2 44,3 6 8 15,3 5 2 9,8 2 3 14,1 4 9 21,6 8 6 53,486 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 21,2 5 0 0 21,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 8 8 8 0 0 0 0 0 4 0 6 1 8 8 2 7 Items in process of collection 6,4 2 1 3 4 8 3 6 6 3 1 2 1,0 2 6 3 7 5 7 8 5 3 5 1 - 1 6 2 5 8 5 3 1 8 8 2 1,204 Bank premises 1,8 3 3 1 1 3 2 0 5 5 5 1 5 7 1 5 3 2 3 2 2 1 0 6 9 1 1 8 9 6 2 5 9 166 Other assets5 38,2 6 9 1,2 3 1 13,8 7 6 1,8 0 8 2,2 4 0 6,8 1 1 2,6 8 9 2,7 2 8 7 6 7 7 0 0 7 2 5 9 6 5 3,730 Interdistrict settlement account 0 - 1,0 7 9 - 3,7 2 8 + 8 4 1 - 2 5 1 + 2,8 7 5 + 2,4 3 5 - 5,0 0 3 + 1 4 6 + 7 1 + 1,7 7 1 - 2,4 5 2 + 4,375 Total assets 840,4 7 7 37,4 6 2 317,8 1 8 36,5 4 2 36,5 3 6 74,2 9 8 70,9 2 6 69,2 3 5 25,5 1 7 16,8 6 6 25,7 9 7 34,4 4 3 95,037 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 19, 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 915,3 4 9 38,7 0 3 334,0 7 3 39,4 5 2 36,9 7 3 73,5 3 1 86,5 3 5 75,9 8 7 27,6 9 6 17,5 9 1 27,3 9 7 49,1 6 9 108,241 Less: notes held by F.R. Banks 160,0 7 4 4,6 8 7 43,5 2 9 6,8 7 0 5,8 5 7 12,5 6 5 22,7 1 4 13,1 1 7 4,1 2 7 2,4 6 0 4,0 2 0 17,9 2 3 22,204 Federal Reserve notes, net 755,2 7 6 34,0 1 6 290,5 4 4 32,5 8 2 31,1 1 7 60,9 6 7 63,8 2 1 62,8 7 0 23,5 6 8 15,1 3 1 23,3 7 7 31,2 4 6 86,037 Reverse repurchase agreements1 24,7 2 9 1,1 8 0 9,1 5 3 1,0 7 4 1,0 6 8 2,0 5 4 2,0 7 0 2,2 7 1 7 8 6 5 0 3 7 2 4 1,1 1 0 2,737 Deposits 20,1 9 4 8 4 8 8,1 4 2 4 4 5 1,4 1 7 2,2 4 0 1,6 2 5 1,4 8 1 5 2 6 2 7 3 5 7 6 7 6 3 1,857 Depository institutions 14,5 8 3 8 4 7 2,6 7 0 4 4 2 1,4 1 3 2,1 2 5 1,6 2 2 1,4 7 8 5 2 5 2 7 2 5 7 5 7 6 1 1,853 U.S. Treasury, general account 5,2 4 5 0 5,2 4 5 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 8 1 0 1 7 1 0 1 1 0 4 0 0 0 0 1 2 0 Deferred availability cash items 7,3 1 4 5 0 3 7 6 6 7 0 6 6 4 8 6 3 0 8 4 6 3 3 6 1 4 4 3 3 1 6 0 2 6 6 0 1,143 Other liabilities and accrued dividends2 4,5 9 4 2 3 1 1,5 2 4 2 1 2 2 2 7 4 7 5 3 9 3 4 1 7 1 6 8 1 2 4 1 4 9 2 1 4 459 Total liabilities 812,1 0 7 36,7 7 8 310,1 2 8 35,0 1 9 34,4 7 6 66,3 6 6 68,7 5 6 67,3 7 5 25,1 9 2 16,3 6 2 25,4 2 9 33,9 9 3 92,234 Capital Capital paid in 13,7 5 1 3 2 4 3,6 7 0 7 2 7 1,0 0 0 3,9 4 9 1,0 5 1 8 9 6 1 4 8 2 4 4 1 7 3 2 1 1 1,358 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 1,7 1 7 4 3 3 3 5 5 1 4 6 6 7 6 2 2 7 8 8 3 3 1 6 2 1 8 7 95 Total liabilities and capital 840,4 7 7 37,4 6 2 317,8 1 8 36,5 4 2 36,5 3 6 74,2 9 8 70,9 2 6 69,2 3 5 25,5 1 7 16,8 6 6 25,7 9 7 34,4 4 3 95,037 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 19, 2006 Federal Reserve notes outstanding 915,349 Less: Notes held by F.R. Banks not subject to collateralization 160,074 Federal Reserve notes to be collateralized 755,276 Collateral held against Federal Reserve notes 755,276 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 742,037 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 779,825 Less: face value of securities under reverse repurchase agreements 24,760 U.S. Treasury and agency securities eligible to be pledged 755,065 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.