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 May 4, 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 May 3, 2006 Apr 26, 2006 May 4, 2005 May 3, 2006 Reserve Bank credit 823,061 + 2,991 + 36,636 825,966 Securities held outright 759,694 + 798 + 40,338 759,704 U.S. Treasury1 759,694 + 798 + 40,338 759,704 Bills2 275,370 0 + 12,365 275,370 Notes and bonds, nominal2 458,273 + 783 + 23,488 458,273 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,404 + 14 + 947 3,415 Federal agency2 0 0 0 0 Repurchase agreements4 25,071 + 3,535 - 1,072 25,750 Loans to depository institutions 138 + 19 + 27 135 Primary credit 25 - 4 + 20 5 Secondary credit 0 0 0 0 Seasonal credit 113 + 23 + 6 130 Float -3,048 - 2,060 - 1,907 -747 Other Federal Reserve assets 41,207 + 700 - 749 41,123 Gold stock 11,041 - 2 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 37,939 + 14 + 1,394 37,939 Total factors supplying reserve funds 874,242 + 3,004 + 38,031 877,146 Currency in circulation5 791,794 + 1,139 + 38,125 794,178 Reverse repurchase agreements6 24,371 + 318 - 1,984 24,478 Foreign official and international accounts 24,371 + 318 - 1,984 24,478 Dealers 0 0 0 0 Treasury cash holdings 181 - 18 - 76 177 Deposits with F.R. Banks, other than reserve balances 12,453 - 481 - 1,870 12,338 U.S. Treasury, general account 5,366 + 413 + 503 5,215 Foreign official 98 + 13 - 3 116 Service-related 6,697 - 914 - 2,328 6,697 Required clearing balances 6,697 - 914 - 2,328 6,697 Adjustments to compensate for float 0 0 0 0 Other 293 + 9 - 42 310 Other liabilities and capital 33,720 + 232 + 4,921 33,163 Total factors, other than reserve balances, absorbing reserve funds 862,520 + 1,191 + 39,117 864,334 Reserve balances with Federal Reserve Banks 11,722 + 1,813 - 1,086 12,812 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,611,845 + 8,200 + 212,905 1,614,759 U.S. Treasury 1,119,085 + 1,527 + 41,977 1,121,056 Federal agency 492,760 + 6,672 + 170,927 493,703 Securities lent to dealers 1,671 + 1,184 - 1,821 1,363 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 May 3, 2006 Apr 26, 2006 May 4, 2005 Assets Gold certificate account 11,037 - 2 0 Special drawing rights certificate account 2,200 0 0 Coin 803 - 2 + 115 Securities, repurchase agreements, and loans 785,590 - 949 + 44,594 Securities held outright 759,704 + 21 + 40,332 U.S. Treasury1 759,704 + 21 + 40,332 Bills2 275,370 0 + 12,365 Notes and bonds, nominal2 458,273 0 + 23,488 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,415 + 21 + 942 Federal agency2 0 0 0 Repurchase agreements4 25,750 - 1,000 + 4,250 Loans 135 + 30 + 11 Items in process of collection (1,325) 6,362 + 77 - 1,183 Bank premises 1,835 + 2 + 25 Other assets5 39,186 + 176 - 800 Total assets (1,325) 847,014 - 697 + 42,752 Liabilities Federal Reserve notes, net of F.R. Bank holdings 757,215 + 2,057 + 37,478 Reverse repurchase agreements6 24,478 + 1,568 - 1,582 Deposits (0) 25,049 - 5,210 + 2,885 Depository institutions 19,408 - 4,876 + 2,298 U.S. Treasury, general account 5,215 - 395 + 597 Foreign official 116 + 31 + 37 Other (0) 310 + 30 - 47 Deferred availability cash items (1,325) 7,109 + 915 - 548 Other liabilities and accrued dividends7 4,646 - 4 + 1,354 Total liabilities (1,325) 818,496 - 676 + 39,585 Capital accounts Capital paid in 13,825 + 9 + 1,072 Surplus 12,901 0 + 1,504 Other capital accounts 1,792 - 30 + 592 Total capital 28,518 - 20 + 3,167 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, May 3, 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 23 65,706 + 2,520 0 0 25,750 24,478 16 days to 90 days 113 165,126 - 1,223 0 0 0 0 91 days to 1 year 0 177,251 - 579 0 0 . . . . . . Over 1 year to 5 years . . . 216,216 - 710 0 0 . . . . . . Over 5 years to 10 years . . . 55,387 + 3 0 0 . . . . . . Over 10 years . . . 80,018 + 9 0 0 . . . . . . All 135 759,704 + 21 0 0 25,750 24,478 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 May 3, 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 7 4 8 6 4,1 3 9 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 3 4 1 5 5 4 3 8 1 6 7 8 7 9 4 4 0 3 7 6 3 6 9 127 Securities, repurchase agreements, and loans 785,5 9 0 36,2 6 1 306,9 3 7 32,9 8 3 32,8 0 4 63,1 0 9 63,6 0 7 69,8 2 0 24,1 4 7 15,4 6 8 22,2 5 7 34,0 9 6 84,100 Securities held outright 759,7 0 4 36,2 5 2 281,1 8 7 32,9 8 3 32,8 0 4 63,1 0 9 63,6 0 0 69,7 5 6 24,1 3 7 15,4 4 4 22,2 4 6 34,0 9 5 84,092 U.S. Treasury1 759,7 0 4 36,2 5 2 281,1 8 7 32,9 8 3 32,8 0 4 63,1 0 9 63,6 0 0 69,7 5 6 24,1 3 7 15,4 4 4 22,2 4 6 34,0 9 5 84,092 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 3 5 23,1 1 2 179,2 6 5 21,0 2 8 20,9 1 3 40,2 3 4 40,5 4 7 44,4 7 2 15,3 8 8 9,8 4 6 14,1 8 2 21,7 3 6 53,611 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 1 3 5 9 0 0 0 0 7 6 5 1 0 2 3 1 2 1 8 Items in process of collection 7,6 8 7 4 5 2 4 4 5 1,0 4 0 6 7 6 5 6 2 7 1 7 2 4 4 2 5 3 2 4 9 6 5 5 7 3 5 1,659 Bank premises 1,8 3 5 1 1 3 2 0 5 5 5 1 5 6 1 5 3 2 3 1 2 0 9 6 9 1 1 8 1 0 1 2 5 8 167 Other assets5 39,1 8 6 1,2 5 9 14,1 6 2 1,8 5 6 2,2 9 6 6,9 8 6 2,7 8 4 2,7 9 8 7 8 1 7 1 7 7 4 3 9 8 3 3,821 Interdistrict settlement account 0 - 1,0 3 2 - 3,8 3 5 + 1 1 0 - 9 6 + 3,8 7 9 + 3,1 4 4 - 5,4 5 5 - 2 5 1 + 2 5 6 + 1,7 5 4 - 2,0 8 1 + 3,607 Total assets 848,3 3 8 37,6 9 4 322,9 8 1 36,6 3 5 36,4 6 8 75,7 5 6 71,7 6 1 68,8 6 9 25,4 3 8 17,0 8 5 25,9 6 3 34,7 3 3 94,956 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 May 3, 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 916,8 7 9 38,5 0 5 336,3 3 0 39,3 9 6 36,8 6 4 73,8 1 7 86,7 3 3 75,4 8 6 27,5 9 0 17,5 0 2 27,4 4 5 49,1 5 8 108,050 Less: notes held by F.R. Banks 159,6 6 4 4,6 3 9 42,8 5 4 6,9 4 6 5,9 9 7 12,5 8 1 22,7 5 2 13,2 4 3 4,1 2 0 2,4 4 7 4,0 9 9 17,7 9 9 22,187 Federal Reserve notes, net 757,2 1 5 33,8 6 6 293,4 7 6 32,4 5 1 30,8 6 7 61,2 3 5 63,9 8 2 62,2 4 3 23,4 7 0 15,0 5 5 23,3 4 7 31,3 5 9 85,863 Reverse repurchase agreements1 24,4 7 8 1,1 6 8 9,0 6 0 1,0 6 3 1,0 5 7 2,0 3 3 2,0 4 9 2,2 4 8 7 7 8 4 9 8 7 1 7 1,0 9 9 2,709 Deposits 25,0 4 9 1,1 4 1 10,4 3 5 6 6 8 1,5 5 8 3,1 1 1 2,2 3 1 1,6 9 8 5 1 4 5 1 5 6 0 2 7 5 1 1,826 Depository institutions 19,4 0 8 1,1 3 5 4,9 6 3 6 6 6 1,5 5 5 2,9 6 8 2,2 2 8 1,6 9 5 5 1 3 5 1 4 6 0 0 7 5 0 1,822 U.S. Treasury, general account 5,2 1 5 0 5,2 1 5 0 0 0 0 0 0 0 0 0 0 Foreign official 1 1 6 1 8 7 2 3 1 1 3 3 0 1 1 0 4 Other 3 1 0 6 1 7 0 0 0 1 3 2 0 0 0 0 1 0 0 Deferred availability cash items 8,4 3 4 6 1 0 7 9 8 7 2 6 6 8 8 7 5 7 9 3 3 4 0 1 1 9 5 3 9 3 7 7 6 8 6 6 1,293 Other liabilities and accrued dividends2 4,6 4 6 2 3 0 1,5 3 9 2 1 9 2 3 1 4 9 3 3 9 5 4 1 7 1 6 6 1 2 1 1 5 6 2 1 6 462 Total liabilities 819,8 2 1 37,0 1 6 315,3 0 7 35,1 2 6 34,4 0 2 67,6 3 0 69,5 8 9 67,0 0 7 25,1 2 2 16,5 8 1 25,5 9 7 34,2 9 1 92,154 Capital Capital paid in 13,8 2 5 3 2 4 3,6 7 0 7 2 9 1,0 1 4 4,0 0 6 1,0 5 2 8 9 6 1 4 8 2 4 2 1 7 4 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 1,7 9 2 3 8 3 1 9 3 5 3 8 8 1 3 2 2 8 8 9 2 3 1 7 1 8 7 9 95 Total liabilities and capital 848,3 3 8 37,6 9 4 322,9 8 1 36,6 3 5 36,4 6 8 75,7 5 6 71,7 6 1 68,8 6 9 25,4 3 8 17,0 8 5 25,9 6 3 34,7 3 3 94,956 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 May 3, 2006 Federal Reserve notes outstanding 916,879 Less: Notes held by F.R. Banks not subject to collateralization 159,664 Federal Reserve notes to be collateralized 757,215 Collateral held against Federal Reserve notes 757,215 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 743,978 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 785,454 Less: face value of securities under reverse repurchase agreements 24,508 U.S. Treasury and agency securities eligible to be pledged 760,947 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.