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 8, 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 Jun 7, 2006 May 31, 2006 Jun 8, 2005 Jun 7, 2006 Reserve Bank credit 829,430 + 2,460 + 39,440 832,437 Securities held outright 763,824 + 1,423 + 38,376 764,877 U.S. Treasury1 763,824 + 1,423 + 38,376 764,877 Bills2 275,370 0 + 10,355 275,370 Notes and bonds, nominal2 462,230 + 1,380 + 23,552 463,264 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,578 + 43 + 932 3,597 Federal agency2 0 0 0 0 Repurchase agreements4 25,821 - 608 + 321 26,750 Loans to depository institutions 223 + 28 + 71 219 Primary credit 14 - 9 + 12 4 Secondary credit 0 0 0 0 Seasonal credit 209 + 37 + 59 216 Float -13 + 1,507 + 291 991 Other Federal Reserve assets 39,574 + 109 + 380 39,600 Gold stock 11,041 0 - 1 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,005 + 14 + 1,446 38,005 Total factors supplying reserve funds 880,676 + 2,474 + 40,886 883,683 Currency in circulation5 796,811 - 1,388 + 35,705 797,015 Reverse repurchase agreements6 24,067 + 483 - 276 23,769 Foreign official and international accounts 24,067 + 483 - 276 23,769 Dealers 0 0 0 0 Treasury cash holdings 197 + 9 - 90 205 Deposits with F.R. Banks, other than reserve balances 13,179 + 389 - 873 13,488 U.S. Treasury, general account 5,233 + 363 + 455 5,552 Foreign official 85 - 3 - 19 87 Service-related 7,579 - 1 - 1,271 7,579 Required clearing balances 7,579 - 1 - 1,271 7,579 Adjustments to compensate for float 0 0 0 0 Other 282 + 29 - 39 270 Other liabilities and capital 35,043 + 1,041 + 5,795 34,540 Total factors, other than reserve balances, absorbing reserve funds 869,297 + 533 + 40,261 869,018 Reserve balances with Federal Reserve Banks 11,379 + 1,941 + 625 14,665 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,625,916 + 11,361 + 194,279 1,628,450 U.S. Treasury 1,120,287 + 5,639 + 31,471 1,121,697 Federal agency 505,629 + 5,722 + 162,808 506,753 Securities lent to dealers 1,919 - 957 - 2,480 3,418 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 Jun 7, 2006 May 31, 2006 Jun 8, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 703 - 13 + 91 Securities, repurchase agreements, and loans 791,846 - 1,522 + 35,736 Securities held outright 764,877 + 2,466 + 39,417 U.S. Treasury1 764,877 + 2,466 + 39,417 Bills2 275,370 0 + 10,355 Notes and bonds, nominal2 463,264 + 2,414 + 24,586 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,597 + 52 + 938 Federal agency2 0 0 0 Repurchase agreements4 26,750 - 4,000 - 3,750 Loans 219 + 12 + 70 Items in process of collection (1,144) 7,192 - 1,220 + 455 Bank premises 1,847 + 10 + 26 Other assets5 37,658 + 344 + 58 Total assets (1,144) 852,484 - 2,399 + 36,367 Liabilities Federal Reserve notes, net of F.R. Bank holdings 759,914 - 2,116 + 34,213 Reverse repurchase agreements6 23,769 - 834 - 187 Deposits (0) 28,059 + 1,699 - 2,301 Depository institutions 22,150 - 1,245 - 2,972 U.S. Treasury, general account 5,552 + 2,915 + 926 Foreign official 87 + 1 - 25 Other (0) 270 + 28 - 231 Deferred availability cash items (1,144) 6,202 - 1,181 - 504 Other liabilities and accrued dividends7 5,056 + 168 + 1,555 Total liabilities (1,144) 822,999 - 2,265 + 32,774 Capital accounts Capital paid in 14,965 + 9 + 2,061 Surplus 12,901 0 + 1,461 Other capital accounts 1,618 - 144 + 70 Total capital 29,484 - 135 + 3,592 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, June 7, 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 38 58,519 - 15 0 0 26,750 23,769 16 days to 90 days 181 173,401 + 8,956 0 0 0 0 91 days to 1 year 0 179,347 - 8,937 0 0 . . . . . . Over 1 year to 5 years . . . 214,618 + 1,350 0 0 . . . . . . Over 5 years to 10 years . . . 60,688 + 1,088 0 0 . . . . . . Over 10 years . . . 78,304 + 24 0 0 . . . . . . All 219 764,877 + 2,466 0 0 26,750 23,769 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 June 7, 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 0 3 3 4 4 7 3 3 6 8 6 2 8 4 7 6 3 3 3 4 5 7 6 2 112 Securities, repurchase agreements, and loans 791,8 4 6 36,5 0 6 309,8 5 2 33,2 0 8 33,0 2 7 63,5 3 8 64,0 4 3 70,3 1 8 24,3 2 5 15,6 0 9 22,4 2 1 34,3 2 8 84,671 Securities held outright 764,8 7 7 36,4 9 9 283,1 0 2 33,2 0 8 33,0 2 7 63,5 3 8 64,0 3 3 70,2 3 1 24,3 0 1 15,5 4 9 22,3 9 7 34,3 2 7 84,664 U.S. Treasury1 764,8 7 7 36,4 9 9 283,1 0 2 33,2 0 8 33,0 2 7 63,5 3 8 64,0 3 3 70,2 3 1 24,3 0 1 15,5 4 9 22,3 9 7 34,3 2 7 84,664 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 489,5 0 7 23,3 5 8 181,1 8 0 21,2 5 2 21,1 3 7 40,6 6 3 40,9 8 0 44,9 4 6 15,5 5 2 9,9 5 1 14,3 3 4 21,9 6 9 54,184 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 2 1 9 8 0 0 0 0 1 0 8 7 2 4 5 9 2 4 1 7 Items in process of collection 8,3 3 6 6 5 3 5 9 4 6 4 9 5 3 0 6 1 8 1,1 8 9 3 2 2 1 7 1 3 6 6 6 7 5 9 4 1 1,630 Bank premises 1,8 4 7 1 1 3 2 0 5 5 7 1 5 6 1 5 3 2 3 0 2 0 9 6 9 1 1 8 1 1 0 2 6 0 166 Other assets5 37,6 5 8 1,1 7 3 13,5 5 7 1,8 8 0 2,2 2 4 6,8 8 0 2,6 6 2 2,6 4 9 7 1 6 6 8 3 6 9 1 9 0 3 3,640 Interdistrict settlement account 0 - 1,4 2 3 + 2 7 5 + 1,2 6 1 + 6 0 6 + 2,6 5 1 + 2,0 2 9 - 7,2 4 4 - 1 9 3 + 1 9 + 1,7 6 5 - 2,7 8 9 + 3,042 Total assets 853,6 2 7 37,6 5 7 329,5 4 3 37,6 3 4 37,1 6 3 74,9 0 2 71,4 2 8 67,4 8 9 25,5 2 0 17,0 7 0 26,1 0 9 34,3 7 7 94,737 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 June 7, 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 925,0 3 3 38,3 4 0 344,7 7 2 39,7 6 1 36,9 5 3 73,6 3 4 88,0 8 5 74,7 4 2 27,6 0 1 17,3 7 5 27,3 4 0 49,0 1 4 107,417 Less: notes held by F.R. Banks 165,1 1 9 4,0 6 0 47,8 5 1 7,2 0 5 5,8 9 9 12,4 9 3 24,0 3 6 13,6 3 1 4,0 2 5 2,3 2 5 3,7 0 8 17,8 1 6 22,070 Federal Reserve notes, net 759,9 1 4 34,2 7 9 296,9 2 1 32,5 5 6 31,0 5 4 61,1 4 1 64,0 4 9 61,1 1 1 23,5 7 7 15,0 4 9 23,6 3 2 31,1 9 7 85,346 Reverse repurchase agreements1 23,7 6 9 1,1 3 4 8,7 9 8 1,0 3 2 1,0 2 6 1,9 7 5 1,9 9 0 2,1 8 2 7 5 5 4 8 3 6 9 6 1,0 6 7 2,631 Deposits 28,0 5 9 7 5 1 13,8 0 4 7 2 2 2,1 5 8 2,6 0 3 1,9 6 4 1,5 5 4 5 2 2 5 7 0 5 9 5 6 3 9 2,176 Depository institutions 22,1 5 0 7 5 0 8,0 3 2 7 2 0 2,1 5 5 2,4 8 8 1,9 6 1 1,5 5 1 5 2 1 5 6 9 5 9 3 6 3 8 2,172 U.S. Treasury, general account 5,5 5 2 0 5,5 5 2 0 0 0 0 0 0 0 0 0 0 Foreign official 8 7 1 5 8 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 0 1 1 6 2 0 0 1 0 5 0 0 1 0 1 0 0 Deferred availability cash items 7,3 4 5 4 8 2 7 7 4 5 2 7 6 0 8 5 9 6 8 1 4 3 3 7 1 4 9 3 3 9 6 4 9 7 9 9 1,271 Other liabilities and accrued dividends2 5,0 5 6 2 4 6 1,6 6 2 2 5 8 2 5 1 5 4 0 4 2 8 4 5 5 1 7 9 1 3 1 1 7 1 2 3 0 503 Total liabilities 824,1 4 3 36,8 9 3 321,9 6 0 35,0 9 5 35,0 9 8 66,8 5 5 69,2 4 6 65,6 4 0 25,1 8 3 16,5 7 2 25,7 4 3 33,9 3 2 91,926 Capital Capital paid in 14,9 6 5 3 8 2 3,6 7 1 1,7 4 4 1,0 2 4 4,0 1 4 1,0 6 8 9 0 3 1 5 5 2 4 3 1 7 4 2 1 0 1,377 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 1,6 1 8 6 5 2 2 7 5 0 2 8 7 2 5 2 2 2 6 9 3 9 9 1 7 8 2 85 Total liabilities and capital 853,6 2 7 37,6 5 7 329,5 4 3 37,6 3 4 37,1 6 3 74,9 0 2 71,4 2 8 67,4 8 9 25,5 2 0 17,0 7 0 26,1 0 9 34,3 7 7 94,737 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 Jun 7, 2006 Federal Reserve notes outstanding 925,033 Less: Notes held by F.R. Banks not subject to collateralization 165,119 Federal Reserve notes to be collateralized 759,914 Collateral held against Federal Reserve notes 759,914 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 746,677 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 791,627 Less: face value of securities under reverse repurchase agreements 23,799 U.S. Treasury and agency securities eligible to be pledged 767,828 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.