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 27, 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 26, 2006 Apr 19, 2006 Apr 27, 2005 Apr 26, 2006 Reserve Bank credit 820,179 - 3,555 + 33,470 827,480 Securities held outright 758,896 + 325 + 40,955 759,683 U.S. Treasury1 758,896 + 325 + 40,955 759,683 Bills2 275,370 0 + 12,365 275,370 Notes and bonds, nominal2 457,490 + 313 + 24,090 458,273 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,390 + 12 + 962 3,394 Federal agency2 0 0 0 0 Repurchase agreements4 21,536 - 4,785 - 5,785 26,750 Loans to depository institutions 119 + 32 + 17 105 Primary credit 29 + 26 + 22 1 Secondary credit 0 0 0 0 Seasonal credit 90 + 6 - 6 105 Float -879 + 365 - 560 93 Other Federal Reserve assets 40,507 + 508 - 1,155 40,848 Gold stock 11,043 0 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 36,707 + 14 + 162 36,707 Total factors supplying reserve funds 870,129 - 3,542 + 33,634 877,430 Currency in circulation5 789,437 - 499 + 36,817 790,883 Reverse repurchase agreements6 24,053 - 1,357 - 1,441 22,910 Foreign official and international accounts 24,053 - 1,357 - 1,441 22,910 Dealers 0 0 0 0 Treasury cash holdings 199 - 9 - 61 182 Deposits with F.R. Banks, other than reserve balances 12,934 - 64 - 1,471 13,586 U.S. Treasury, general account 4,953 - 46 - 633 5,610 Foreign official 85 + 2 - 10 85 Service-related 7,611 + 2 - 813 7,611 Required clearing balances 7,611 + 2 - 813 7,611 Adjustments to compensate for float 0 0 0 0 Other 284 - 24 - 16 280 Other liabilities and capital 33,488 + 467 + 4,620 33,189 Total factors, other than reserve balances, absorbing reserve funds 860,111 - 1,463 + 38,463 860,750 Reserve balances with Federal Reserve Banks 10,018 - 2,079 - 4,829 16,680 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,603,645 - 1,059 + 212,828 1,610,446 U.S. Treasury 1,117,558 - 12,772 + 41,299 1,117,715 Federal agency 486,088 + 11,714 + 171,530 492,732 Securities lent to dealers 487 - 250 - 1,108 443 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 26, 2006 Apr 19, 2006 Apr 27, 2005 Assets Gold certificate account 11,039 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 805 + 4 + 95 Securities, repurchase agreements, and loans 786,539 + 6,626 + 37,046 Securities held outright 759,683 + 1,108 + 41,045 U.S. Treasury1 759,683 + 1,108 + 41,045 Bills2 275,370 0 + 12,365 Notes and bonds, nominal2 458,273 + 1,096 + 24,188 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,394 + 12 + 955 Federal agency2 0 0 0 Repurchase agreements4 26,750 + 5,500 - 4,000 Loans 105 + 17 0 Items in process of collection (1,454) 6,285 + 869 - 364 Bank premises 1,833 0 + 24 Other assets5 39,010 + 741 - 747 Total assets (1,454) 847,711 + 8,240 + 36,055 Liabilities Federal Reserve notes, net of F.R. Bank holdings 755,158 - 118 + 36,342 Reverse repurchase agreements6 22,910 - 1,819 - 2,158 Deposits (0) 30,259 + 10,065 - 1,393 Depository institutions 24,284 + 9,701 - 631 U.S. Treasury, general account 5,610 + 365 - 746 Foreign official 85 0 - 3 Other (0) 280 - 1 - 14 Deferred availability cash items (1,454) 6,194 - 115 - 1,406 Other liabilities and accrued dividends7 4,650 + 56 + 1,318 Total liabilities (1,454) 819,172 + 8,071 + 32,704 Capital accounts Capital paid in 13,816 + 65 + 1,074 Surplus 12,901 0 + 1,544 Other capital accounts 1,822 + 105 + 733 Total capital 28,538 + 168 + 3,350 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 26, 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 97 63,186 + 2,271 0 0 26,750 22,910 16 days to 90 days 9 166,349 - 1,101 0 0 0 0 91 days to 1 year 0 177,830 - 1,168 0 0 . . . . . . Over 1 year to 5 years . . . 216,926 + 1,099 0 0 . . . . . . Over 5 years to 10 years . . . 55,384 + 2 0 0 . . . . . . Over 10 years . . . 80,009 + 6 0 0 . . . . . . All 105 759,683 + 1,108 0 0 26,750 22,910 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 26, 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 5 4 1 6 6 4 5 6 7 6 9 8 5 9 6 4 3 3 8 6 4 7 0 121 Securities, repurchase agreements, and loans 786,5 3 9 36,2 6 3 307,9 3 0 32,9 8 2 32,8 0 3 63,1 0 7 63,5 9 8 69,8 0 4 24,1 4 6 15,4 6 2 22,2 5 8 34,0 9 5 84,090 Securities held outright 759,6 8 3 36,2 5 1 281,1 8 0 32,9 8 2 32,8 0 3 63,1 0 7 63,5 9 8 69,7 5 4 24,1 3 6 15,4 4 4 22,2 4 5 34,0 9 4 84,089 U.S. Treasury1 759,6 8 3 36,2 5 1 281,1 8 0 32,9 8 2 32,8 0 3 63,1 0 7 63,5 9 8 69,7 5 4 24,1 3 6 15,4 4 4 22,2 4 5 34,0 9 4 84,089 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 484,3 1 4 23,1 1 1 179,2 5 8 21,0 2 7 20,9 1 3 40,2 3 2 40,5 4 5 44,4 7 0 15,3 8 7 9,8 4 6 14,1 8 2 21,7 3 5 53,609 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 26,7 5 0 0 26,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1 0 5 1 2 0 0 0 0 0 5 0 1 0 1 8 1 3 2 1 Items in process of collection 7,7 3 9 5 0 6 4 0 7 3 1 5 5 9 0 3 7 5 2,2 1 5 3 2 5 3 3 4 2 4 1 7 2 1 5 8 2 1,127 Bank premises 1,8 3 3 1 1 3 2 0 6 5 5 1 5 7 1 5 3 2 3 2 2 0 8 7 0 1 1 8 9 6 2 5 9 167 Other assets5 39,0 1 0 1,2 5 8 14,1 2 1 1,8 4 5 2,2 8 4 6,9 1 6 2,7 6 0 2,7 9 2 7 8 2 7 1 5 7 4 2 9 8 7 3,808 Interdistrict settlement account 0 - 1,4 2 6 - 2,8 4 5 + 6 5 4 - 5 8 8 + 5,7 0 4 + 1,4 7 9 - 5,6 0 4 - 3 8 4 - 1 0 7 + 1,6 2 5 - 2,2 0 1 + 3,694 Total assets 849,1 6 5 37,3 5 7 324,9 0 0 36,4 4 2 35,8 6 4 77,3 2 4 71,5 5 7 68,7 8 0 25,3 9 0 16,7 0 9 25,8 9 5 34,4 6 4 94,484 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 26, 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 916,4 8 3 38,5 2 6 335,1 7 7 39,4 4 7 36,9 2 7 73,7 1 1 87,0 1 6 75,5 9 5 27,6 3 1 17,5 0 7 27,4 5 2 49,2 7 7 108,216 Less: notes held by F.R. Banks 161,3 2 5 4,6 2 3 43,3 0 4 6,9 8 8 6,1 7 2 12,7 6 4 22,9 6 3 13,2 8 3 4,1 4 0 2,5 0 7 4,1 8 9 17,8 8 6 22,504 Federal Reserve notes, net 755,1 5 8 33,9 0 3 291,8 7 3 32,4 5 8 30,7 5 5 60,9 4 7 64,0 5 3 62,3 1 2 23,4 9 1 15,0 0 0 23,2 6 3 31,3 9 1 85,712 Reverse repurchase agreements1 22,9 1 0 1,0 9 3 8,4 8 0 9 9 5 9 8 9 1,9 0 3 1,9 1 8 2,1 0 4 7 2 8 4 6 6 6 7 1 1,0 2 8 2,536 Deposits 30,2 5 9 9 3 8 14,5 4 1 6 0 9 9 8 8 5,3 1 3 2,0 7 9 1,7 5 4 5 3 3 2 9 3 5 6 5 7 1 8 1,929 Depository institutions 24,2 8 4 9 3 7 8,7 0 0 6 0 6 9 8 4 5,2 0 3 2,0 7 6 1,7 5 1 5 3 2 2 9 2 5 6 3 7 1 6 1,924 U.S. Treasury, general account 5,6 1 0 0 5,6 1 0 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 0 0 1 7 5 0 1 9 9 0 0 0 0 1 2 0 Deferred availability cash items 7,6 4 8 5 0 7 7 7 9 6 5 1 8 2 8 5 8 7 9 3 4 3 2 1 1 5 7 3 2 0 8 7 6 6 6 0 1,028 Other liabilities and accrued dividends2 4,6 5 0 2 3 1 1,5 3 9 2 1 5 2 3 1 4 9 2 3 9 8 4 2 1 1 6 8 1 2 5 1 5 2 2 1 4 464 Total liabilities 820,6 2 6 36,6 7 3 317,2 1 2 34,9 2 8 33,7 9 1 69,2 4 2 69,3 8 1 66,9 1 1 25,0 7 7 16,2 0 5 25,5 2 6 34,0 1 2 91,669 Capital Capital paid in 13,8 1 6 3 2 4 3,6 7 0 7 2 7 1,0 0 9 4,0 0 6 1,0 5 2 8 9 6 1 4 8 2 4 2 1 7 3 2 1 0 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 1,8 2 2 4 3 3 3 3 4 3 5 1 7 6 8 2 3 3 9 7 2 0 1 7 2 1 9 0 107 Total liabilities and capital 849,1 6 5 37,3 5 7 324,9 0 0 36,4 4 2 35,8 6 4 77,3 2 4 71,5 5 7 68,7 8 0 25,3 9 0 16,7 0 9 25,8 9 5 34,4 6 4 94,484 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 26, 2006 Federal Reserve notes outstanding 916,483 Less: Notes held by F.R. Banks not subject to collateralization 161,325 Federal Reserve notes to be collateralized 755,158 Collateral held against Federal Reserve notes 755,158 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 741,919 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 786,433 Less: face value of securities under reverse repurchase agreements 22,937 U.S. Treasury and agency securities eligible to be pledged 763,496 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.