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 29, 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 28, 2006 Jun 21, 2006 Jun 29, 2005 Jun 28, 2006 Reserve Bank credit 824,729 - 1,142 + 36,187 829,080 Securities held outright 766,330 + 52 + 40,321 766,349 U.S. Treasury1 766,330 + 52 + 40,321 766,349 Bills2 275,370 0 + 10,355 275,370 Notes and bonds, nominal2 464,580 0 + 25,902 464,580 Notes and bonds, inflation-indexed2 22,646 0 + 3,113 22,646 Inflation compensation3 3,734 + 52 + 952 3,753 Federal agency2 0 0 0 0 Repurchase agreements4 18,429 - 142 - 4,678 22,500 Loans to depository institutions 293 + 25 + 78 300 Primary credit 16 0 - 3 11 Secondary credit 0 0 0 0 Seasonal credit 277 + 25 + 81 289 Float -622 - 1,439 + 192 -481 Other Federal Reserve assets 40,300 + 364 + 275 40,411 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,048 + 14 + 1,447 38,048 Total factors supplying reserve funds 876,018 - 1,127 + 37,634 880,369 Currency in circulation5 792,937 - 156 + 33,052 795,479 Reverse repurchase agreements6 27,042 + 523 + 2,731 30,400 Foreign official and international accounts 27,042 + 523 + 2,731 30,400 Dealers 0 0 0 0 Treasury cash holdings 193 - 11 - 51 174 Deposits with F.R. Banks, other than reserve balances 12,412 - 247 - 961 12,366 U.S. Treasury, general account 4,924 - 83 + 198 4,879 Foreign official 87 - 6 - 16 90 Service-related 7,166 - 151 - 1,113 7,166 Required clearing balances 7,166 - 151 - 1,113 7,166 Adjustments to compensate for float 0 0 0 0 Other 235 - 7 - 30 231 Other liabilities and capital 35,078 + 137 + 5,365 34,641 Total factors, other than reserve balances, absorbing reserve funds 867,662 + 247 + 40,136 873,060 Reserve balances with Federal Reserve Banks 8,356 - 1,374 - 2,503 7,309 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,638,275 + 830 + 198,056 1,639,280 U.S. Treasury 1,120,586 - 4,918 + 32,040 1,118,893 Federal agency 517,689 + 5,748 + 166,016 520,387 Securities lent to dealers 2,340 + 467 - 1,103 3,869 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 28, 2006 Jun 21, 2006 Jun 29, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 720 - 9 + 93 Securities, repurchase agreements, and loans 789,149 + 331 + 36,881 Securities held outright 766,349 + 52 + 40,327 U.S. Treasury1 766,349 + 52 + 40,327 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 3,753 + 52 + 958 Federal agency2 0 0 0 Repurchase agreements4 22,500 + 250 - 3,500 Loans 300 + 29 + 53 Items in process of collection (1,242) 4,624 - 806 - 1,235 Bank premises 1,855 + 1 + 24 Other assets5 38,314 + 164 + 73 Total assets (1,242) 847,898 - 319 + 35,834 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,321 + 1,386 + 30,681 Reverse repurchase agreements6 30,400 + 4,723 + 6,163 Deposits (0) 19,439 - 5,921 - 5,196 Depository institutions 14,239 - 5,412 - 5,888 U.S. Treasury, general account 4,879 - 506 + 706 Foreign official 90 + 3 + 7 Other (0) 231 - 7 - 21 Deferred availability cash items (1,242) 5,097 - 335 - 1,065 Other liabilities and accrued dividends7 5,179 + 77 + 1,560 Total liabilities (1,242) 818,436 - 72 + 32,144 Capital accounts Capital paid in 14,968 + 2 + 2,032 Surplus 12,901 0 + 1,445 Other capital accounts 1,593 - 250 + 214 Total capital 29,462 - 248 + 3,691 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 28, 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 276 61,309 - 1,911 0 0 22,500 30,400 16 days to 90 days 25 172,967 + 1,923 0 0 0 0 91 days to 1 year 0 177,003 - 9 0 0 . . . . . . Over 1 year to 5 years . . . 215,982 + 16 0 0 . . . . . . Over 5 years to 10 years . . . 60,712 + 8 0 0 . . . . . . Over 10 years . . . 78,375 + 23 0 0 . . . . . . All 300 766,349 + 52 0 0 22,500 30,400 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 28, 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 0 3 3 4 0 3 3 6 7 6 5 9 0 7 7 3 2 3 3 6 0 6 9 121 Securities, repurchase agreements, and loans 789,1 4 9 36,5 7 6 306,1 4 8 33,2 7 2 33,0 9 1 63,6 6 1 64,1 6 6 70,4 6 8 24,3 8 9 15,6 6 8 22,4 6 9 34,3 9 6 84,846 Securities held outright 766,3 4 9 36,5 6 9 283,6 4 7 33,2 7 2 33,0 9 1 63,6 6 1 64,1 5 6 70,3 6 6 24,3 4 8 15,5 7 9 22,4 4 0 34,3 9 3 84,827 U.S. Treasury1 766,3 4 9 36,5 6 9 283,6 4 7 33,2 7 2 33,0 9 1 63,6 6 1 64,1 5 6 70,3 6 6 24,3 4 8 15,5 7 9 22,4 4 0 34,3 9 3 84,827 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 7 9 23,4 2 9 181,7 2 5 21,3 1 6 21,2 0 0 40,7 8 6 41,1 0 3 45,0 8 2 15,5 9 9 9,9 8 1 14,3 7 7 22,0 3 5 54,347 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 22,5 0 0 0 22,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 0 0 8 1 0 0 0 1 0 1 0 2 4 1 8 8 2 9 3 18 Items in process of collection 5,8 6 6 3 3 4 6 3 3 3 1 0 5 0 1 3 9 3 7 9 6 3 0 4 2 1 2 2 4 4 5 2 4 4 6 8 1,148 Bank premises 1,8 5 5 1 1 3 2 0 7 5 7 1 5 7 1 5 4 2 3 0 2 0 9 7 1 1 1 8 1 1 0 2 6 0 169 Other assets5 38,3 1 4 1,2 2 4 13,8 7 8 1,8 1 2 2,2 5 2 6,8 4 4 2,7 0 8 2,7 3 1 7 5 0 7 0 0 7 2 4 9 5 5 3,736 Interdistrict settlement account 0 - 9 4 3 - 6 2 1 + 1,5 9 9 - 6 5 4 + 2,5 7 2 + 3,0 4 8 - 7,5 5 6 - 2 9 3 - 7 4 + 1,5 0 5 - 2,0 7 0 + 3,486 Total assets 849,1 4 1 37,9 3 8 325,2 9 7 37,6 2 8 35,9 6 5 74,6 8 9 72,2 2 8 67,3 9 1 25,5 6 0 16,9 3 0 25,7 8 3 34,7 5 1 94,982 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 28, 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 928,9 5 4 38,1 0 8 347,7 2 3 39,7 9 7 37,0 9 5 73,4 4 2 90,4 7 7 74,1 8 4 27,4 2 2 17,2 8 6 27,2 0 5 49,0 6 8 107,148 Less: notes held by F.R. Banks 170,6 3 3 3,7 7 8 50,7 9 3 7,3 5 9 6,3 3 9 12,9 5 6 25,7 5 3 13,5 8 9 4,0 0 1 2,1 9 5 3,7 2 7 17,7 7 7 22,366 Federal Reserve notes, net 758,3 2 1 34,3 3 0 296,9 3 0 32,4 3 8 30,7 5 6 60,4 8 6 64,7 2 3 60,5 9 4 23,4 2 1 15,0 9 1 23,4 7 8 31,2 9 1 84,782 Reverse repurchase agreements1 30,4 0 0 1,4 5 1 11,2 5 2 1,3 2 0 1,3 1 3 2,5 2 5 2,5 4 5 2,7 9 1 9 6 6 6 1 8 8 9 0 1,3 6 4 3,365 Deposits 19,4 3 9 6 8 4 7,2 3 5 4 3 3 9 6 1 2,6 4 1 1,6 4 8 1,3 9 7 5 3 4 2 6 3 4 9 6 6 7 2 2,474 Depository institutions 14,2 3 9 6 8 3 2,1 2 3 4 3 1 9 5 7 2,5 8 1 1,6 4 5 1,3 9 4 5 2 7 2 6 3 4 9 4 6 7 1 2,469 U.S. Treasury, general account 4,8 7 9 0 4,8 7 9 0 0 0 0 0 0 0 0 0 0 Foreign official 9 0 1 6 1 2 3 1 1 3 3 0 1 1 0 4 Other 2 3 1 0 1 7 2 0 1 4 8 0 0 7 0 1 0 0 Deferred availability cash items 6,3 4 0 4 3 3 6 2 2 5 7 4 6 2 1 4 6 8 6 9 8 2 9 0 1 3 3 3 2 7 3 8 6 7 4 9 1,039 Other liabilities and accrued dividends2 5,1 7 9 2 5 0 1,6 9 9 2 6 9 2 5 7 5 6 1 4 3 6 4 6 6 1 8 3 1 3 5 1 6 9 2 3 6 520 Total liabilities 819,6 7 9 37,1 4 7 317,7 3 9 35,0 3 3 33,9 0 8 66,6 8 1 70,0 5 0 65,5 3 8 25,2 3 7 16,4 3 4 25,4 1 9 34,3 1 2 92,180 Capital Capital paid in 14,9 6 8 3 8 2 3,6 7 4 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 4 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 1,5 9 3 9 2 1 9 9 1 0 6 2 0 6 8 5 2 1 6 7 3 2 4 8 1 5 7 9 76 Total liabilities and capital 849,1 4 1 37,9 3 8 325,2 9 7 37,6 2 8 35,9 6 5 74,6 8 9 72,2 2 8 67,3 9 1 25,5 6 0 16,9 3 0 25,7 8 3 34,7 5 1 94,982 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 28, 2006 Federal Reserve notes outstanding 928,954 Less: Notes held by F.R. Banks not subject to collateralization 170,633 Federal Reserve notes to be collateralized 758,321 Collateral held against Federal Reserve notes 758,321 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,084 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 788,849 Less: face value of securities under reverse repurchase agreements 30,442 U.S. Treasury and agency securities eligible to be pledged 758,407 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.