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 July 13, 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 Jul 12, 2006 Jul 5, 2006 Jul 13, 2005 Jul 12, 2006 Reserve Bank credit 829,845 - 6,338 + 37,845 828,699 Securities held outright 766,404 + 33 + 41,690 766,414 U.S. Treasury1 766,404 + 33 + 41,690 766,414 Bills2 275,370 0 + 10,355 275,370 Notes and bonds, nominal2 464,580 0 + 27,206 464,580 Notes and bonds, inflation-indexed2 22,646 0 + 3,113 22,646 Inflation compensation3 3,808 + 33 + 1,016 3,819 Federal agency2 0 0 0 0 Repurchase agreements4 21,143 - 8,321 - 5,750 20,750 Loans to depository institutions 299 + 8 + 24 355 Primary credit 11 - 4 - 40 52 Secondary credit 0 0 0 0 Seasonal credit 289 + 13 + 65 304 Float 981 + 1,412 + 968 87 Other Federal Reserve assets 41,019 + 531 + 914 41,092 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,076 + 14 + 1,508 38,076 Total factors supplying reserve funds 881,162 - 6,324 + 39,353 880,016 Currency in circulation5 798,366 + 162 + 32,641 797,858 Reverse repurchase agreements6 28,319 - 1,364 + 2,903 28,538 Foreign official and international accounts 28,319 - 1,364 + 2,903 28,538 Dealers 0 0 0 0 Treasury cash holdings 167 - 6 - 70 163 Deposits with F.R. Banks, other than reserve balances 12,749 - 100 - 1,466 12,607 U.S. Treasury, general account 5,186 - 148 + 343 5,024 Foreign official 95 - 16 + 9 89 Service-related 7,217 + 55 - 1,788 7,217 Required clearing balances 7,217 + 55 - 1,788 7,217 Adjustments to compensate for float 0 0 0 0 Other 251 + 9 - 30 277 Other liabilities and capital 35,219 + 293 + 5,607 34,565 Total factors, other than reserve balances, absorbing reserve funds 874,821 - 1,014 + 39,616 873,731 Reserve balances with Federal Reserve Banks 6,341 - 5,310 - 264 6,284 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,632,555 - 3,584 + 189,931 1,630,836 U.S. Treasury 1,113,291 - 4,627 + 20,564 1,111,089 Federal agency 519,264 + 1,044 + 169,367 519,747 Securities lent to dealers 3,000 - 3,725 + 111 922 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 Jul 12, 2006 Jul 5, 2006 Jul 13, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 711 + 15 + 99 Securities, repurchase agreements, and loans 787,520 - 7,397 + 37,319 Securities held outright 766,414 + 29 + 41,702 U.S. Treasury1 766,414 + 29 + 41,702 Bills2 275,370 0 + 10,355 Notes and bonds, nominal2 464,580 0 + 27,206 Notes and bonds, inflation-indexed2 22,646 0 + 3,113 Inflation compensation3 3,819 + 30 + 1,029 Federal agency2 0 0 0 Repurchase agreements4 20,750 - 7,500 - 4,500 Loans 355 + 73 + 117 Items in process of collection (966) 5,559 - 420 - 883 Bank premises 1,858 + 1 + 44 Other assets5 39,001 + 538 + 436 Total assets (966) 847,886 - 7,263 + 37,016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 760,652 - 2,880 + 30,961 Reverse repurchase agreements6 28,538 - 548 + 2,941 Deposits (0) 18,658 - 4,739 - 1,113 Depository institutions 13,269 - 4,252 - 1,308 U.S. Treasury, general account 5,024 - 504 + 234 Foreign official 89 - 1 - 11 Other (0) 277 + 19 - 27 Deferred availability cash items (966) 5,472 + 967 - 706 Other liabilities and accrued dividends7 4,789 + 62 + 1,520 Total liabilities (966) 818,110 - 7,137 + 33,603 Capital accounts Capital paid in 14,977 + 2 + 1,608 Surplus 12,901 0 + 1,419 Other capital accounts 1,898 - 128 + 385 Total capital 29,776 - 126 + 3,413 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, July 12, 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 97 58,461 - 438 0 0 20,750 28,538 16 days to 90 days 258 174,817 - 170 0 0 0 0 91 days to 1 year 0 176,677 + 609 0 0 . . . . . . Over 1 year to 5 years . . . 217,332 + 9 0 0 . . . . . . Over 5 years to 10 years . . . 60,722 + 5 0 0 . . . . . . Over 10 years . . . 78,406 + 14 0 0 . . . . . . All 355 766,414 + 29 0 0 20,750 28,538 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 July 12, 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 1 3 0 3 7 3 1 7 0 6 5 8 8 8 0 3 5 3 1 5 7 7 2 115 Securities, repurchase agreements, and loans 787,5 2 0 36,5 7 5 304,4 2 1 33,2 7 5 33,0 9 4 63,6 6 6 64,1 7 2 70,4 6 8 24,3 9 1 15,6 9 3 22,4 7 0 34,4 0 0 84,897 Securities held outright 766,4 1 4 36,5 7 2 283,6 7 1 33,2 7 4 33,0 9 4 63,6 6 6 64,1 6 2 70,3 7 2 24,3 5 0 15,5 8 1 22,4 4 2 34,3 9 6 84,835 U.S. Treasury1 766,4 1 4 36,5 7 2 283,6 7 1 33,2 7 4 33,0 9 4 63,6 6 6 64,1 6 2 70,3 7 2 24,3 5 0 15,5 8 1 22,4 4 2 34,3 9 6 84,835 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 491,0 4 5 23,4 3 2 181,7 4 9 21,3 1 9 21,2 0 3 40,7 9 1 41,1 0 9 45,0 8 8 15,6 0 1 9,9 8 3 14,3 7 9 22,0 3 8 54,354 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 20,7 5 0 0 20,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 5 5 3 0 0 0 0 1 0 9 6 4 0 1 1 2 2 8 4 62 Items in process of collection 6,5 2 6 2 9 4 4 2 3 3 5 0 6 6 1 4 5 6 6 6 6 3 7 8 2 8 3 2 5 2 6 5 8 6 5 3 1,452 Bank premises 1,8 5 8 1 1 3 2 0 6 5 7 1 5 7 1 5 5 2 3 1 2 0 8 7 0 1 1 8 1 1 5 2 5 9 171 Other assets5 39,0 0 1 1,2 4 6 14,1 0 2 1,8 4 7 2,2 8 5 6,9 6 2 2,7 8 6 2,7 8 1 7 7 2 7 1 3 7 3 3 9 7 4 3,799 Interdistrict settlement account 0 - 7 7 5 + 3,0 3 4 + 1,3 7 7 - 1,1 6 6 + 1,3 4 5 + 2,9 4 8 - 7,8 9 7 - 4 0 5 - 1 2 3 + 1,6 1 0 - 2,3 1 5 + 2,366 Total assets 848,8 5 3 38,0 8 4 327,2 3 5 37,4 8 3 35,6 5 1 73,6 4 9 72,0 7 9 67,1 7 7 25,5 4 6 16,9 2 5 26,0 3 3 34,7 1 5 94,277 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 July 12, 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 929,8 5 3 38,0 8 0 348,9 7 1 39,8 2 3 37,1 4 1 73,2 8 4 90,7 9 7 74,0 9 4 27,3 4 2 17,2 4 8 27,3 5 8 48,9 7 8 106,737 Less: notes held by F.R. Banks 169,2 0 1 3,4 6 0 50,2 3 8 7,4 9 9 6,1 2 6 13,1 7 1 25,9 6 9 13,4 5 4 3,9 2 6 2,2 4 3 3,7 4 4 17,4 7 6 21,897 Federal Reserve notes, net 760,6 5 2 34,6 2 0 298,7 3 3 32,3 2 5 31,0 1 6 60,1 1 3 64,8 2 8 60,6 4 0 23,4 1 6 15,0 0 5 23,6 1 3 31,5 0 2 84,840 Reverse repurchase agreements1 28,5 3 8 1,3 6 2 10,5 6 3 1,2 3 9 1,2 3 2 2,3 7 1 2,3 8 9 2,6 2 0 9 0 7 5 8 0 8 3 6 1,2 8 1 3,159 Deposits 18,6 5 8 6 5 6 8,0 2 2 5 4 8 5 1 9 2,1 4 6 1,5 3 6 1,3 0 2 5 2 4 3 6 8 5 0 4 6 5 4 1,880 Depository institutions 13,2 6 9 6 5 5 2,7 7 7 5 4 6 5 1 5 2,0 2 6 1,5 3 3 1,3 0 0 5 2 0 3 6 7 5 0 3 6 5 3 1,875 U.S. Treasury, general account 5,0 2 4 0 5,0 2 4 0 0 0 0 0 0 0 0 0 0 Foreign official 8 9 1 6 0 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 7 1 1 6 1 0 2 1 0 9 0 0 3 0 1 0 0 Deferred availability cash items 6,4 3 9 4 0 8 6 8 7 4 9 2 5 8 2 4 9 1 7 2 2 2 9 8 1 8 0 3 4 3 5 5 0 6 0 2 1,085 Other liabilities and accrued dividends2 4,7 8 9 2 4 1 1,6 0 9 2 2 1 2 3 2 4 5 0 4 0 8 4 4 4 1 7 9 1 2 9 1 6 0 2 2 9 488 Total liabilities 819,0 7 6 37,2 8 8 319,6 1 3 34,8 2 4 33,5 8 1 65,5 7 1 69,8 8 4 65,3 0 4 25,2 0 4 16,4 2 5 25,6 6 4 34,2 6 7 91,451 Capital Capital paid in 14,9 7 7 3 8 2 3,6 7 4 1,7 4 4 1,0 2 4 4,0 1 4 1,0 6 9 9 1 0 1 5 5 2 4 3 1 7 5 2 0 9 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 9 8 9 7 2 6 2 1 7 0 3 3 7 5 6 2 3 4 8 6 4 2 1 2 2 0 8 6 99 Total liabilities and capital 848,8 5 3 38,0 8 4 327,2 3 5 37,4 8 3 35,6 5 1 73,6 4 9 72,0 7 9 67,1 7 7 25,5 4 6 16,9 2 5 26,0 3 3 34,7 1 5 94,277 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 Jul 12, 2006 Federal Reserve notes outstanding 929,853 Less: Notes held by F.R. Banks not subject to collateralization 169,201 Federal Reserve notes to be collateralized 760,652 Collateral held against Federal Reserve notes 760,652 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 747,415 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 787,164 Less: face value of securities under reverse repurchase agreements 28,577 U.S. Treasury and agency securities eligible to be pledged 758,587 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.