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 June 1, 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 31, 2006 May 24, 2006 Jun 1, 2005 May 31, 2006 Reserve Bank credit 826,970 + 4,139 + 34,496 833,645 Securities held outright 762,401 + 1,952 + 37,836 762,411 U.S. Treasury1 762,401 + 1,952 + 37,836 762,411 Bills2 275,370 0 + 10,605 275,370 Notes and bonds, nominal2 460,850 + 1,918 + 22,772 460,850 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,535 + 34 + 921 3,545 Federal agency2 0 0 0 0 Repurchase agreements4 26,429 + 3,572 - 3,285 30,750 Loans to depository institutions 195 + 21 + 39 207 Primary credit 23 + 2 + 12 20 Secondary credit 0 0 0 0 Seasonal credit 172 + 20 + 27 187 Float -1,520 - 1,734 - 516 1,030 Other Federal Reserve assets 39,465 + 328 + 423 39,248 Gold stock 11,041 0 - 1 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 37,991 + 14 + 1,446 37,991 Total factors supplying reserve funds 878,202 + 4,153 + 35,942 884,877 Currency in circulation5 798,199 + 4,348 + 37,753 799,113 Reverse repurchase agreements6 23,584 + 366 - 1,541 24,603 Foreign official and international accounts 23,584 + 366 - 1,541 24,603 Dealers 0 0 0 0 Treasury cash holdings 188 + 3 - 89 196 Deposits with F.R. Banks, other than reserve balances 12,790 - 428 - 1,355 10,545 U.S. Treasury, general account 4,870 - 606 - 57 2,637 Foreign official 88 0 + 4 86 Service-related 7,580 + 215 - 1,271 7,580 Required clearing balances 7,580 + 215 - 1,271 7,580 Adjustments to compensate for float 0 0 0 0 Other 253 - 35 - 31 242 Other liabilities and capital 34,002 + 496 + 4,705 34,508 Total factors, other than reserve balances, absorbing reserve funds 868,764 + 4,787 + 39,474 868,964 Reserve balances with Federal Reserve Banks 9,438 - 633 - 3,532 15,913 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,614,555 - 2,011 + 188,258 1,619,796 U.S. Treasury 1,114,648 - 2,452 + 29,669 1,115,371 Federal agency 499,907 + 442 + 158,589 504,425 Securities lent to dealers 2,876 + 1,540 - 1,564 4,426 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 31, 2006 May 24, 2006 Jun 1, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 716 - 27 + 114 Securities, repurchase agreements, and loans 793,368 + 8,311 + 36,298 Securities held outright 762,411 + 33 + 36,985 U.S. Treasury1 762,411 + 33 + 36,985 Bills2 275,370 0 + 10,355 Notes and bonds, nominal2 460,850 0 + 22,172 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,545 + 32 + 920 Federal agency2 0 0 0 Repurchase agreements4 30,750 + 8,250 - 750 Loans 207 + 28 + 63 Items in process of collection (1,974) 8,412 + 3,002 - 1,103 Bank premises 1,837 + 1 + 20 Other assets5 37,314 + 60 + 288 Total assets (1,974) 854,883 + 11,346 + 35,615 Liabilities Federal Reserve notes, net of F.R. Bank holdings 762,030 + 2,750 + 35,565 Reverse repurchase agreements6 24,603 + 1,800 - 129 Deposits (0) 26,360 + 3,480 - 4,605 Depository institutions 23,395 + 6,041 - 3,136 U.S. Treasury, general account 2,637 - 2,551 - 1,402 Foreign official 86 + 1 + 6 Other (0) 242 - 10 - 72 Deferred availability cash items (1,974) 7,383 + 1,956 - 1,021 Other liabilities and accrued dividends7 4,888 - 1 + 1,480 Total liabilities (1,974) 825,264 + 9,985 + 31,291 Capital accounts Capital paid in 14,956 + 1,090 + 2,062 Surplus 12,901 0 + 1,537 Other capital accounts 1,762 + 271 + 725 Total capital 29,619 + 1,361 + 4,324 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 31, 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 171 58,534 - 7,306 0 0 30,750 24,603 16 days to 90 days 36 164,445 + 1,166 0 0 0 0 91 days to 1 year 0 188,284 + 6,537 0 0 . . . . . . Over 1 year to 5 years . . . 213,268 - 384 0 0 . . . . . . Over 5 years to 10 years . . . 59,600 + 5 0 0 . . . . . . Over 10 years . . . 78,280 + 15 0 0 . . . . . . All 207 762,411 + 33 0 0 30,750 24,603 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 31, 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 7 1 6 3 4 5 3 3 3 7 1 6 0 8 2 7 8 3 6 3 3 5 8 6 5 115 Securities, repurchase agreements, and loans 793,3 6 8 36,3 9 1 312,9 3 9 33,1 0 2 32,9 2 1 63,3 3 4 63,8 3 4 70,0 8 6 24,2 5 1 15,5 4 0 22,3 4 7 34,2 1 7 84,407 Securities held outright 762,4 1 1 36,3 8 1 282,1 8 9 33,1 0 1 32,9 2 1 63,3 3 4 63,8 2 7 70,0 0 4 24,2 2 3 15,4 9 9 22,3 2 5 34,2 1 6 84,391 U.S. Treasury1 762,4 1 1 36,3 8 1 282,1 8 9 33,1 0 1 32,9 2 1 63,3 3 4 63,8 2 7 70,0 0 4 24,2 2 3 15,4 9 9 22,3 2 5 34,2 1 6 84,391 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 487,0 4 1 23,2 4 1 180,2 6 7 21,1 4 5 21,0 3 0 40,4 5 9 40,7 7 4 44,7 2 0 15,4 7 4 9,9 0 1 14,2 6 2 21,8 5 8 53,911 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,7 5 0 0 30,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 0 7 1 0 0 1 0 0 7 8 2 2 8 4 0 2 2 1 16 Items in process of collection 10,3 8 6 8 5 2 9 7 9 4 2 7 8 4 2 7 4 6 1,4 8 4 6 2 0 4 0 5 3 7 2 7 5 3 9 3 8 1,969 Bank premises 1,8 3 7 1 1 3 2 0 5 5 7 1 5 6 1 5 4 2 3 0 2 0 8 7 0 1 1 8 1 0 0 2 6 0 166 Other assets5 37,3 1 4 1,1 5 5 13,4 3 2 1,8 7 5 2,2 1 3 6,8 7 1 2,6 1 1 2,6 1 9 6 9 6 6 7 4 6 7 9 8 8 4 3,604 Interdistrict settlement account 0 - 1,5 2 4 - 4,9 2 1 + 2,1 4 6 - 3 0 1 + 3,4 1 0 + 2,3 3 8 - 6,2 0 3 - 2 3 7 + 5 3 + 1,8 9 4 - 2,0 1 4 + 5,360 Total assets 856,8 5 8 37,6 2 2 327,6 9 9 38,1 8 6 36,4 5 2 75,5 7 4 71,7 6 8 68,5 6 7 25,6 1 9 17,0 3 0 26,2 2 0 35,0 2 4 97,097 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 31, 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 924,2 0 7 38,2 6 5 344,4 6 5 39,5 3 8 36,7 8 8 73,7 5 6 87,4 9 1 74,8 5 0 27,5 5 2 17,3 9 3 27,3 6 6 49,1 2 4 107,618 Less: notes held by F.R. Banks 162,1 7 7 4,1 0 3 47,3 4 9 6,7 1 6 5,4 7 1 12,2 6 5 23,5 8 2 13,4 3 2 3,9 7 7 2,3 0 4 3,6 8 7 17,7 5 6 21,536 Federal Reserve notes, net 762,0 3 0 34,1 6 3 297,1 1 6 32,8 2 1 31,3 1 7 61,4 9 1 63,9 1 0 61,4 1 8 23,5 7 5 15,0 8 9 23,6 7 8 31,3 6 8 86,082 Reverse repurchase agreements1 24,6 0 3 1,1 7 4 9,1 0 6 1,0 6 8 1,0 6 2 2,0 4 4 2,0 6 0 2,2 5 9 7 8 2 5 0 0 7 2 0 1,1 0 4 2,723 Deposits 26,3 6 0 6 5 2 11,3 1 4 6 7 3 1,0 0 7 2,6 6 9 2,0 5 3 2,0 7 1 5 8 0 3 3 6 6 8 7 9 0 4 3,414 Depository institutions 23,3 9 5 6 5 0 8,4 5 5 6 5 3 1,0 0 4 2,5 8 6 2,0 6 3 2,0 6 8 5 7 8 3 3 5 6 8 5 9 0 9 3,410 U.S. Treasury, general account 2,6 3 7 0 2,6 3 7 0 0 0 0 0 0 0 0 0 0 Foreign official 8 6 1 5 7 2 3 1 1 3 3 0 1 1 0 4 Other 2 4 2 1 1 6 6 1 9 0 7 2 - 1 3 0 1 0 1 - 6 0 Deferred availability cash items 9,3 5 8 6 5 7 8 9 3 8 4 9 7 5 2 7 3 9 1,1 4 5 5 0 8 1 8 6 4 8 0 6 1 4 9 8 0 1,555 Other liabilities and accrued dividends2 4,8 8 8 2 3 9 1,6 1 0 2 5 4 2 4 4 5 3 0 4 1 3 4 3 5 1 7 7 1 2 4 1 5 6 2 2 3 485 Total liabilities 827,2 3 8 36,8 8 5 320,0 4 0 35,6 6 5 34,3 8 2 67,4 7 2 69,5 8 1 66,6 9 1 25,2 9 9 16,5 3 0 25,8 5 5 34,5 7 9 94,259 Capital Capital paid in 14,9 5 6 3 8 2 3,6 7 1 1,7 4 4 1,0 2 3 4,0 1 2 1,0 6 4 9 0 2 1 5 4 2 4 3 1 7 4 2 0 9 1,379 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 6 2 3 8 3 0 4 3 2 3 3 7 8 3 2 3 0 9 8 2 2 1 3 1 6 8 3 110 Total liabilities and capital 856,8 5 8 37,6 2 2 327,6 9 9 38,1 8 6 36,4 5 2 75,5 7 4 71,7 6 8 68,5 6 7 25,6 1 9 17,0 3 0 26,2 2 0 35,0 2 4 97,097 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 31, 2006 Federal Reserve notes outstanding 924,207 Less: Notes held by F.R. Banks not subject to collateralization 162,177 Federal Reserve notes to be collateralized 762,030 Collateral held against Federal Reserve notes 762,030 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 748,793 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 793,161 Less: face value of securities under reverse repurchase agreements 24,633 U.S. Treasury and agency securities eligible to be pledged 768,528 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.