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 22, 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 21, 2006 Jun 14, 2006 Jun 22, 2005 Jun 21, 2006 Reserve Bank credit 825,872 + 1,128 + 38,018 828,983 Securities held outright 766,278 + 992 + 40,369 766,297 U.S. Treasury1 766,278 + 992 + 40,369 766,297 Bills2 275,370 0 + 10,355 275,370 Notes and bonds, nominal2 464,580 + 940 + 25,902 464,580 Notes and bonds, inflation-indexed2 22,646 0 + 3,173 22,646 Inflation compensation3 3,682 + 52 + 939 3,701 Federal agency2 0 0 0 0 Repurchase agreements4 18,571 - 1,143 - 3,715 22,250 Loans to depository institutions 268 + 37 + 88 271 Primary credit 16 + 2 - 6 11 Secondary credit 0 0 0 0 Seasonal credit 252 + 35 + 94 260 Float 818 + 1,028 + 1,048 -3 Other Federal Reserve assets 39,936 + 213 + 226 40,168 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,034 + 14 + 1,447 38,034 Total factors supplying reserve funds 877,147 + 1,142 + 39,465 880,258 Currency in circulation5 793,093 - 1,422 + 34,109 794,048 Reverse repurchase agreements6 26,519 + 2,209 + 3,102 25,677 Foreign official and international accounts 26,519 + 2,209 + 3,102 25,677 Dealers 0 0 0 0 Treasury cash holdings 204 - 1 - 64 196 Deposits with F.R. Banks, other than reserve balances 12,659 + 31 - 1,282 13,027 U.S. Treasury, general account 5,007 + 37 + 25 5,385 Foreign official 93 + 7 - 3 87 Service-related 7,317 - 1 - 1,288 7,317 Required clearing balances 7,317 - 1 - 1,288 7,317 Adjustments to compensate for float 0 0 0 0 Other 242 - 12 - 16 238 Other liabilities and capital 34,941 + 126 + 5,437 34,812 Total factors, other than reserve balances, absorbing reserve funds 867,415 + 943 + 41,301 867,760 Reserve balances with Federal Reserve Banks 9,731 + 198 - 1,837 12,497 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,637,445 + 4,644 + 200,898 1,640,513 U.S. Treasury 1,125,504 + 1,788 + 33,906 1,126,316 Federal agency 511,941 + 2,856 + 166,993 514,197 Securities lent to dealers 1,873 + 230 - 2,220 1,901 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 21, 2006 Jun 14, 2006 Jun 22, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 729 + 7 + 87 Securities, repurchase agreements, and loans 788,818 - 1,921 + 36,384 Securities held outright 766,297 + 52 + 40,310 U.S. Treasury1 766,297 + 52 + 40,310 Bills2 275,370 0 + 10,355 Notes and bonds, nominal2 464,580 0 + 25,902 Notes and bonds, inflation-indexed2 22,646 0 + 3,113 Inflation compensation3 3,701 + 52 + 941 Federal agency2 0 0 0 Repurchase agreements4 22,250 - 2,000 - 4,000 Loans 271 + 26 + 74 Items in process of collection (1,167) 5,430 + 562 - 389 Bank premises 1,854 + 2 + 25 Other assets5 38,150 + 267 - 293 Total assets (1,167) 848,217 - 1,084 + 35,815 Liabilities Federal Reserve notes, net of F.R. Bank holdings 756,935 - 1,168 + 32,607 Reverse repurchase agreements6 25,677 - 325 + 2,315 Deposits (0) 25,360 + 188 - 3,752 Depository institutions 19,651 - 727 - 4,011 U.S. Treasury, general account 5,385 + 917 + 286 Foreign official 87 + 3 + 3 Other (0) 238 - 4 - 29 Deferred availability cash items (1,167) 5,432 - 45 - 742 Other liabilities and accrued dividends7 5,102 - 16 + 1,549 Total liabilities (1,167) 818,508 - 1,365 + 31,980 Capital accounts Capital paid in 14,966 + 1 + 2,031 Surplus 12,901 0 + 1,450 Other capital accounts 1,843 + 281 + 355 Total capital 29,710 + 282 + 3,836 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 21, 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 255 63,220 + 6,880 0 0 22,250 25,677 16 days to 90 days 15 171,044 - 5,924 0 0 0 0 91 days to 1 year 0 177,012 - 951 0 0 . . . . . . Over 1 year to 5 years . . . 215,966 + 16 0 0 . . . . . . Over 5 years to 10 years . . . 60,704 + 8 0 0 . . . . . . Over 10 years . . . 78,352 + 24 0 0 . . . . . . All 271 766,297 + 52 0 0 22,250 25,677 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 21, 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 9 3 2 4 4 3 2 6 9 6 6 9 1 7 8 3 2 3 5 6 4 6 4 120 Securities, repurchase agreements, and loans 788,8 1 8 36,5 7 4 305,8 7 7 33,2 6 9 33,0 8 8 63,6 5 6 64,1 6 3 70,4 5 0 24,3 7 8 15,6 6 0 22,4 6 9 34,3 9 3 84,841 Securities held outright 766,2 9 7 36,5 6 6 283,6 2 7 33,2 6 9 33,0 8 8 63,6 5 6 64,1 5 2 70,3 6 1 24,3 4 7 15,5 7 8 22,4 3 9 34,3 9 1 84,822 U.S. Treasury1 766,2 9 7 36,5 6 6 283,6 2 7 33,2 6 9 33,0 8 8 63,6 5 6 64,1 5 2 70,3 6 1 24,3 4 7 15,5 7 8 22,4 3 9 34,3 9 1 84,822 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 490,9 2 7 23,4 2 6 181,7 0 5 21,3 1 4 21,1 9 8 40,7 8 1 41,0 9 9 45,0 7 7 15,5 9 8 9,9 8 0 14,3 7 5 22,0 3 2 54,341 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 22,2 5 0 0 22,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 7 1 7 0 0 0 0 1 1 8 8 3 1 8 2 3 0 2 19 Items in process of collection 6,5 9 6 3 5 0 5 4 9 3 9 0 6 9 7 6 8 6 7 9 4 3 9 8 1 9 8 3 2 0 4 9 1 4 3 2 1,292 Bank premises 1,8 5 4 1 1 3 2 0 5 5 7 1 5 7 1 5 4 2 3 1 2 0 9 7 1 1 1 8 1 1 0 2 6 0 169 Other assets5 38,1 5 0 1,2 1 3 13,7 8 7 1,8 3 4 2,2 5 0 6,8 8 8 2,6 7 7 2,7 0 5 7 4 0 6 9 5 7 1 4 9 3 9 3,708 Interdistrict settlement account 0 - 1,3 5 7 + 2,1 9 1 + 1,4 3 2 - 8 1 8 + 3,1 7 1 + 2,8 7 0 - 7,7 5 7 - 4 8 9 - 2 4 7 + 1,5 0 5 - 2,4 4 6 + 1,944 Total assets 849,3 8 4 37,5 2 5 327,6 6 6 37,5 6 1 35,9 9 4 75,6 2 1 72,0 1 5 67,2 4 1 25,3 2 8 16,8 2 3 25,7 4 4 34,3 1 4 93,550 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 21, 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 927,2 7 5 38,1 6 2 345,9 0 2 39,7 0 2 37,0 3 1 73,5 8 3 90,1 5 6 74,2 8 3 27,4 6 5 17,3 0 6 27,2 0 5 49,1 9 6 107,283 Less: notes held by F.R. Banks 170,3 4 0 3,9 7 0 49,3 4 3 7,4 1 0 6,3 5 6 12,9 9 6 25,6 5 8 13,7 0 1 4,1 1 9 2,2 7 8 3,8 4 0 17,9 7 7 22,691 Federal Reserve notes, net 756,9 3 5 34,1 9 2 296,5 5 9 32,2 9 2 30,6 7 5 60,5 8 7 64,4 9 8 60,5 8 1 23,3 4 6 15,0 2 8 23,3 6 5 31,2 1 9 84,592 Reverse repurchase agreements1 25,6 7 7 1,2 2 5 9,5 0 4 1,1 1 5 1,1 0 9 2,1 3 3 2,1 5 0 2,3 5 8 8 1 6 5 2 2 7 5 2 1,1 5 2 2,842 Deposits 25,3 6 0 6 0 0 11,5 1 3 7 6 1 1,3 9 8 3,7 4 7 1,8 3 1 1,6 7 2 4 8 5 3 2 1 6 0 0 6 7 5 1,755 Depository institutions 19,6 5 1 5 9 8 5,9 0 1 7 5 9 1,3 9 4 3,6 6 1 1,8 4 7 1,6 6 9 4 7 8 3 2 0 5 9 8 6 7 4 1,751 U.S. Treasury, general account 5,3 8 5 0 5,3 8 5 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 3 8 1 1 6 9 0 1 7 5 - 1 9 0 7 0 2 0 0 Deferred availability cash items 6,5 9 9 4 6 5 7 7 5 5 4 7 4 8 0 5 4 2 9 0 4 2 9 7 1 6 9 3 1 8 4 9 2 5 9 2 1,017 Other liabilities and accrued dividends2 5,1 0 2 2 4 9 1,6 7 9 2 6 3 2 5 2 5 3 9 4 3 2 4 6 2 1 8 2 1 3 3 1 6 6 2 3 2 512 Total liabilities 819,6 7 4 36,7 3 1 320,0 3 1 34,9 7 9 33,9 1 5 67,5 4 9 69,8 1 5 65,3 7 1 24,9 9 9 16,3 2 2 25,3 7 5 33,8 7 1 90,719 Capital Capital paid in 14,9 6 6 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 4 1 5 5 2 4 3 1 7 5 2 0 7 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 1,8 4 3 9 6 2 7 9 9 3 4 2 7 5 0 2 3 9 9 1 3 0 1 3 2 0 8 4 105 Total liabilities and capital 849,3 8 4 37,5 2 5 327,6 6 6 37,5 6 1 35,9 9 4 75,6 2 1 72,0 1 5 67,2 4 1 25,3 2 8 16,8 2 3 25,7 4 4 34,3 1 4 93,550 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 21, 2006 Federal Reserve notes outstanding 927,275 Less: Notes held by F.R. Banks not subject to collateralization 170,340 Federal Reserve notes to be collateralized 756,935 Collateral held against Federal Reserve notes 756,935 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 743,699 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 788,547 Less: face value of securities under reverse repurchase agreements 25,711 U.S. Treasury and agency securities eligible to be pledged 762,836 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.