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 15, 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 14, 2006 Jun 7, 2006 Jun 15, 2005 Jun 14, 2006 Reserve Bank credit 824,744 - 4,685 + 36,797 830,025 Securities held outright 765,286 + 1,462 + 39,804 766,245 U.S. Treasury1 765,286 + 1,462 + 39,804 766,245 Bills2 275,370 0 + 10,355 275,370 Notes and bonds, nominal2 463,640 + 1,410 + 24,962 464,580 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 22,646 Inflation compensation3 3,630 + 52 + 950 3,649 Federal agency2 0 0 0 0 Repurchase agreements4 19,714 - 6,107 - 4,000 24,250 Loans to depository institutions 231 + 8 + 69 245 Primary credit 14 0 0 12 Secondary credit 0 0 0 0 Seasonal credit 217 + 8 + 69 233 Float -210 - 197 + 524 -614 Other Federal Reserve assets 39,723 + 149 + 400 39,900 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,020 + 14 + 1,447 38,020 Total factors supplying reserve funds 876,005 - 4,670 + 38,244 881,286 Currency in circulation5 794,515 - 2,297 + 34,957 795,200 Reverse repurchase agreements6 24,310 + 243 + 619 26,002 Foreign official and international accounts 24,310 + 243 + 619 26,002 Dealers 0 0 0 0 Treasury cash holdings 205 + 8 - 75 205 Deposits with F.R. Banks, other than reserve balances 12,628 - 551 - 1,977 12,112 U.S. Treasury, general account 4,970 - 263 - 564 4,468 Foreign official 86 + 1 - 7 84 Service-related 7,318 - 261 - 1,289 7,318 Required clearing balances 7,318 - 261 - 1,289 7,318 Adjustments to compensate for float 0 0 0 0 Other 254 - 28 - 118 242 Other liabilities and capital 34,815 - 228 + 5,416 34,546 Total factors, other than reserve balances, absorbing reserve funds 866,472 - 2,826 + 38,939 868,066 Reserve balances with Federal Reserve Banks 9,533 - 1,845 - 694 13,220 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,632,801 + 6,885 + 196,467 1,632,988 U.S. Treasury 1,123,716 + 3,429 + 31,892 1,123,359 Federal agency 509,085 + 3,456 + 164,575 509,630 Securities lent to dealers 1,643 - 276 - 3,523 2,405 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 14, 2006 Jun 7, 2006 Jun 15, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 722 + 19 + 93 Securities, repurchase agreements, and loans 790,739 - 1,107 + 36,094 Securities held outright 766,245 + 1,368 + 40,750 U.S. Treasury1 766,245 + 1,368 + 40,750 Bills2 275,370 0 + 10,355 Notes and bonds, nominal2 464,580 + 1,316 + 25,902 Notes and bonds, inflation-indexed2 22,646 0 + 3,538 Inflation compensation3 3,649 + 52 + 956 Federal agency2 0 0 0 Repurchase agreements4 24,250 - 2,500 - 4,750 Loans 245 + 26 + 94 Items in process of collection (1,152) 4,868 - 2,324 - 465 Bank premises 1,852 + 5 + 29 Other assets5 37,883 + 225 + 391 Total assets (1,152) 849,301 - 3,183 + 36,142 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,103 - 1,811 + 33,524 Reverse repurchase agreements6 26,002 + 2,233 + 2,855 Deposits (0) 25,172 - 2,887 - 4,993 Depository institutions 20,378 - 1,772 + 407 U.S. Treasury, general account 4,468 - 1,084 - 5,381 Foreign official 84 - 3 - 7 Other (0) 242 - 28 - 13 Deferred availability cash items (1,152) 5,477 - 725 - 818 Other liabilities and accrued dividends7 5,118 + 62 + 1,616 Total liabilities (1,152) 819,873 - 3,126 + 32,184 Capital accounts Capital paid in 14,965 0 + 2,044 Surplus 12,901 0 + 1,505 Other capital accounts 1,562 - 56 + 410 Total capital 29,428 - 56 + 3,958 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 14, 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 47 56,340 - 2,179 0 0 24,250 26,002 16 days to 90 days 198 176,968 + 3,567 0 0 0 0 91 days to 1 year 0 177,963 - 1,384 0 0 . . . . . . Over 1 year to 5 years . . . 215,950 + 1,332 0 0 . . . . . . Over 5 years to 10 years . . . 60,696 + 8 0 0 . . . . . . Over 10 years . . . 78,328 + 24 0 0 . . . . . . All 245 766,245 + 1,368 0 0 24,250 26,002 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 14, 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 2 2 3 2 4 5 3 5 6 8 6 5 8 9 7 5 3 4 3 5 5 8 6 6 119 Securities, repurchase agreements, and loans 790,7 3 9 36,5 7 1 307,8 5 8 33,2 6 7 33,0 8 6 63,6 5 2 64,1 6 1 70,4 4 1 24,3 7 6 15,6 4 2 22,4 6 4 34,3 9 0 84,832 Securities held outright 766,2 4 5 36,5 6 4 283,6 0 8 33,2 6 7 33,0 8 6 63,6 5 2 64,1 4 8 70,3 5 7 24,3 4 5 15,5 7 7 22,4 3 7 34,3 8 8 84,816 U.S. Treasury1 766,2 4 5 36,5 6 4 283,6 0 8 33,2 6 7 33,0 8 6 63,6 5 2 64,1 4 8 70,3 5 7 24,3 4 5 15,5 7 7 22,4 3 7 34,3 8 8 84,816 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 490,8 7 5 23,4 2 4 181,6 8 6 21,3 1 2 21,1 9 6 40,7 7 7 41,0 9 4 45,0 7 2 15,5 9 6 9,9 7 9 14,3 7 4 22,0 3 0 54,335 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 24,2 5 0 0 24,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 4 5 7 0 0 0 0 1 3 8 4 3 2 6 4 2 7 1 16 Items in process of collection 6,0 2 0 3 3 8 4 3 3 3 3 8 5 3 9 4 0 8 8 9 1 2 0 6 1 6 6 2 6 3 5 6 7 3 9 2 1,478 Bank premises 1,8 5 2 1 1 3 2 0 5 5 7 1 5 6 1 5 4 2 3 1 2 0 9 7 0 1 1 8 1 1 0 2 6 0 169 Other assets5 37,8 8 3 1,1 9 0 13,6 4 5 1,8 8 5 2,2 2 9 6,8 6 4 2,6 9 6 2,6 7 3 7 2 8 6 8 7 7 0 1 9 2 2 3,663 Interdistrict settlement account 0 - 1,1 5 8 + 1,4 2 8 + 1,7 0 3 - 8 8 4 + 2,0 9 3 + 2,5 8 2 - 6,3 7 6 - 2 9 0 - 4 3 + 1,7 8 7 - 2,5 8 1 + 1,739 Total assets 850,4 5 3 37,6 8 7 328,6 2 6 37,8 3 1 35,7 4 5 74,2 3 6 71,8 3 8 68,3 8 7 25,4 8 3 16,9 4 4 26,0 7 8 34,1 2 2 93,476 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 14, 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 925,9 2 2 38,2 8 0 345,0 3 6 39,7 4 6 36,9 0 9 73,5 9 3 89,2 4 1 74,6 4 1 27,5 5 3 17,3 8 5 27,3 0 3 49,0 1 2 107,223 Less: notes held by F.R. Banks 167,8 1 9 3,9 7 7 48,5 5 0 7,2 4 6 6,1 7 0 12,7 0 0 24,6 9 8 13,7 7 2 4,0 3 0 2,3 1 6 3,6 6 7 18,0 3 8 22,655 Federal Reserve notes, net 758,1 0 3 34,3 0 4 296,4 8 6 32,5 0 0 30,7 3 9 60,8 9 3 64,5 4 3 60,8 6 9 23,5 2 3 15,0 6 9 23,6 3 6 30,9 7 4 84,568 Reverse repurchase agreements1 26,0 0 2 1,2 4 1 9,6 2 4 1,1 2 9 1,1 2 3 2,1 6 0 2,1 7 7 2,3 8 8 8 2 6 5 2 9 7 6 1 1,1 6 7 2,878 Deposits 25,1 7 2 6 7 3 12,6 3 9 7 9 2 8 8 5 2,1 2 1 1,7 6 0 2,4 9 3 4 9 7 3 7 3 5 8 7 7 2 0 1,631 Depository institutions 20,3 7 8 6 7 2 7,9 4 2 7 9 0 8 8 1 2,0 5 1 1,7 5 7 2,4 9 0 4 9 1 3 7 3 5 8 5 7 1 9 1,626 U.S. Treasury, general account 4,4 6 8 0 4,4 6 8 0 0 0 0 0 0 0 0 0 0 Foreign official 8 4 1 5 5 2 3 1 1 3 3 0 1 1 0 4 Other 2 4 2 0 1 7 4 0 1 5 9 0 0 6 0 1 0 0 Deferred availability cash items 6,6 3 0 4 3 0 6 4 1 5 9 4 6 7 0 5 0 7 7 5 1 3 2 8 1 3 7 3 4 3 5 6 0 5 8 3 1,086 Other liabilities and accrued dividends2 5,1 1 8 2 4 7 1,6 8 2 2 6 3 2 6 4 5 4 6 4 3 3 4 6 4 1 7 2 1 3 4 1 6 9 2 3 2 512 Total liabilities 821,0 2 6 36,8 9 5 321,0 7 2 35,2 7 8 33,6 8 2 66,2 2 7 69,6 6 3 66,5 4 1 25,1 5 6 16,4 4 9 25,7 1 3 33,6 7 6 90,675 Capital Capital paid in 14,9 6 5 3 8 2 3,6 7 2 1,7 4 4 1,0 2 4 4,0 1 5 1,0 6 9 9 0 3 1 5 5 2 4 3 1 7 4 2 0 7 1,378 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 1,5 6 2 9 4 1 9 8 6 4 2 6 6 8 7 2 1 4 6 7 2 8 7 1 6 8 7 74 Total liabilities and capital 850,4 5 3 37,6 8 7 328,6 2 6 37,8 3 1 35,7 4 5 74,2 3 6 71,8 3 8 68,3 8 7 25,4 8 3 16,9 4 4 26,0 7 8 34,1 2 2 93,476 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 14, 2006 Federal Reserve notes outstanding 925,922 Less: Notes held by F.R. Banks not subject to collateralization 167,819 Federal Reserve notes to be collateralized 758,103 Collateral held against Federal Reserve notes 758,103 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 744,866 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 790,495 Less: face value of securities under reverse repurchase agreements 26,035 U.S. Treasury and agency securities eligible to be pledged 764,460 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.