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 August 3, 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 Aug 2, 2006 Jul 26, 2006 Aug 3, 2005 Aug 2, 2006 Reserve Bank credit 832,999 + 7,097 + 33,896 834,490 Securities held outright 764,793 + 41 + 40,093 764,815 U.S. Treasury1 764,793 + 41 + 40,093 764,815 Bills2 277,019 0 + 12,004 277,019 Notes and bonds, nominal2 458,531 - 530 + 21,157 457,826 Notes and bonds, inflation-indexed2 25,313 + 530 + 5,780 26,019 Inflation compensation3 3,930 + 41 + 1,152 3,952 Federal agency2 0 0 0 0 Repurchase agreements4 26,607 + 6,071 - 7,143 27,750 Loans to depository institutions 486 + 136 - 223 1,251 Primary credit 141 + 126 - 307 914 Secondary credit 0 0 0 0 Seasonal credit 345 + 11 + 83 337 Float -429 + 378 + 317 -815 Other Federal Reserve assets 41,541 + 469 + 851 41,489 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,106 + 14 + 1,677 38,106 Total factors supplying reserve funds 884,347 + 7,111 + 35,573 885,837 Currency in circulation5 792,834 + 79 + 29,870 794,613 Reverse repurchase agreements6 29,645 + 484 + 3,899 28,798 Foreign official and international accounts 29,645 + 484 + 3,899 28,798 Dealers 0 0 0 0 Treasury cash holdings 149 - 9 - 102 157 Deposits with F.R. Banks, other than reserve balances 12,165 - 285 - 1,928 12,973 U.S. Treasury, general account 4,720 - 297 - 292 5,471 Foreign official 90 - 13 - 5 91 Service-related 7,026 - 1 - 1,649 7,026 Required clearing balances 7,026 - 1 - 1,649 7,026 Adjustments to compensate for float 0 0 0 0 Other 328 + 25 + 17 386 Other liabilities and capital 35,483 + 506 + 5,119 35,111 Total factors, other than reserve balances, absorbing reserve funds 870,277 + 776 + 36,860 871,652 Reserve balances with Federal Reserve Banks 14,070 + 6,335 - 1,286 14,185 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,653,576 + 8,778 + 198,432 1,655,152 U.S. Treasury 1,121,492 + 7,301 + 28,307 1,121,356 Federal agency 532,085 + 1,478 + 170,126 533,796 Securities lent to dealers 2,576 + 88 - 1,796 3,806 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 Aug 2, 2006 Jul 26, 2006 Aug 3, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 757 + 7 + 132 Securities, repurchase agreements, and loans 793,816 + 7,682 + 33,786 Securities held outright 764,815 + 52 + 40,115 U.S. Treasury1 764,815 + 52 + 40,115 Bills2 277,019 0 + 12,004 Notes and bonds, nominal2 457,826 - 1,235 + 20,452 Notes and bonds, inflation-indexed2 26,019 + 1,236 + 6,486 Inflation compensation3 3,952 + 52 + 1,174 Federal agency2 0 0 0 Repurchase agreements4 27,750 + 6,750 - 4,250 Loans 1,251 + 880 - 2,079 Items in process of collection (1,401) 4,880 + 850 - 1,170 Bank premises 1,866 + 2 + 41 Other assets5 39,376 + 290 + 233 Total assets (1,401) 853,933 + 8,832 + 33,023 Liabilities Federal Reserve notes, net of F.R. Bank holdings 757,416 + 777 + 27,815 Reverse repurchase agreements6 28,798 + 330 + 6,223 Deposits (0) 26,912 + 6,791 - 4,461 Depository institutions 20,965 + 6,091 - 5,165 U.S. Treasury, general account 5,471 + 647 + 658 Foreign official 91 - 49 + 7 Other (0) 386 + 103 + 40 Deferred availability cash items (1,401) 5,696 + 574 - 1,293 Other liabilities and accrued dividends7 4,972 + 106 + 1,640 Total liabilities (1,401) 823,794 + 8,577 + 29,924 Capital accounts Capital paid in 14,997 + 4 + 1,607 Surplus 12,901 0 + 1,334 Other capital accounts 2,240 + 250 + 157 Total capital 30,139 + 255 + 3,099 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, August 2, 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 937 59,407 - 2,659 0 0 27,750 28,798 16 days to 90 days 313 169,631 + 328 0 0 0 0 91 days to 1 year 0 176,154 + 457 0 0 . . . . . . Over 1 year to 5 years . . . 218,566 + 648 0 0 . . . . . . Over 5 years to 10 years . . . 61,352 + 5 0 0 . . . . . . Over 10 years . . . 79,704 + 1,271 0 0 . . . . . . All 1,251 764,815 + 52 0 0 27,750 28,798 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 August 2, 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 5 7 2 8 3 8 3 2 7 3 6 9 1 0 5 9 0 3 9 2 9 5 8 8 0 116 Securities, repurchase agreements, and loans 793,8 1 6 37,4 0 6 310,8 2 9 33,2 0 5 33,0 2 4 63,5 3 3 64,0 4 2 70,3 1 5 24,3 5 7 15,6 7 0 22,4 3 1 34,3 3 0 84,674 Securities held outright 764,8 1 5 36,4 9 6 283,0 7 9 33,2 0 5 33,0 2 4 63,5 3 3 64,0 2 8 70,2 2 5 24,3 0 0 15,5 4 8 22,3 9 5 34,3 2 4 84,658 U.S. Treasury1 764,8 1 5 36,4 9 6 283,0 7 9 33,2 0 5 33,0 2 4 63,5 3 3 64,0 2 8 70,2 2 5 24,3 0 0 15,5 4 8 22,3 9 5 34,3 2 4 84,658 Bills2 277,0 1 9 13,2 1 9 102,5 3 2 12,0 2 7 11,9 6 2 23,0 1 2 23,1 9 1 25,4 3 6 8,8 0 1 5,6 3 2 8,1 1 2 12,4 3 2 30,663 Notes and bonds3 487,7 9 6 23,2 7 7 180,5 4 7 21,1 7 8 21,0 6 3 40,5 2 1 40,8 3 7 44,7 8 9 15,4 9 8 9,9 1 7 14,2 8 4 21,8 9 2 53,994 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 27,7 5 0 0 27,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 1,2 5 1 9 1 0 0 0 0 0 1 4 8 9 5 7 1 2 2 3 5 6 17 Items in process of collection 6,2 8 1 3 0 1 5 3 4 3 1 4 5 2 9 4 5 1 6 2 5 2 9 3 2 7 7 2 5 7 6 3 8 5 6 5 1,497 Bank premises 1,8 6 6 1 1 3 2 0 6 5 7 1 5 7 1 5 6 2 3 0 2 0 8 7 1 1 1 7 1 2 2 2 5 8 172 Other assets5 39,3 7 6 1,2 6 4 14,2 4 1 1,8 6 4 2,3 1 1 7,0 2 0 2,7 9 5 2,8 1 5 7 8 3 7 2 1 7 4 5 9 8 7 3,832 Interdistrict settlement account 0 - 1,6 7 9 + 1,1 5 9 + 2,1 3 5 + 5 7 0 + 8 + 4,3 2 9 - 8,4 9 0 - 6 6 6 - 1 6 0 + 1,7 4 4 - 1,1 9 5 + 2,246 Total assets 855,3 3 4 38,0 3 3 332,0 1 9 38,1 5 3 37,2 1 4 72,2 3 7 73,3 1 5 66,3 8 8 25,2 6 0 16,8 7 5 26,1 2 7 35,6 9 9 94,012 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 August 2, 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 930,8 2 5 38,0 3 4 348,3 1 3 39,6 7 7 36,9 7 0 72,9 2 5 93,0 9 8 73,7 7 0 27,1 1 8 17,1 7 0 27,2 9 6 50,0 6 8 106,387 Less: notes held by F.R. Banks 173,4 0 9 3,7 5 4 50,7 9 8 7,6 3 8 6,2 4 5 13,6 5 7 27,2 9 7 13,8 8 4 4,0 1 2 2,2 9 7 3,8 4 8 17,5 6 8 22,410 Federal Reserve notes, net 757,4 1 6 34,2 7 9 297,5 1 5 32,0 3 9 30,7 2 5 59,2 6 8 65,8 0 1 59,8 8 6 23,1 0 6 14,8 7 3 23,4 4 9 32,5 0 0 83,978 Reverse repurchase agreements1 28,7 9 8 1,3 7 4 10,6 5 9 1,2 5 0 1,2 4 3 2,3 9 2 2,4 1 1 2,6 4 4 9 1 5 5 8 5 8 4 3 1,2 9 2 3,188 Deposits 26,9 1 2 8 6 7 13,8 6 6 1,3 0 5 2,0 6 5 1,3 4 7 1,6 2 4 1,3 1 0 5 6 4 4 3 0 6 4 9 6 6 8 2,217 Depository institutions 20,9 6 5 8 6 2 8,0 5 6 1,3 0 3 2,0 6 1 1,2 3 6 1,6 2 1 1,3 0 7 5 6 3 4 2 9 6 4 7 6 6 7 2,213 U.S. Treasury, general account 5,4 7 1 0 5,4 7 1 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 2 2 3 1 1 3 3 0 1 1 0 4 Other 3 8 6 4 2 7 8 0 1 1 0 0 0 0 1 0 1 0 0 Deferred availability cash items 7,0 9 6 4 5 9 6 0 9 5 8 9 7 1 4 5 8 6 8 4 0 3 1 4 1 6 5 3 5 0 6 4 7 5 4 8 1,275 Other liabilities and accrued dividends2 4,9 7 2 2 5 0 1,6 7 6 2 3 0 2 4 0 4 7 8 4 2 5 4 5 1 1 8 4 1 2 8 1 7 0 2 3 9 501 Total liabilities 825,1 9 5 37,2 3 0 324,3 2 5 35,4 1 3 34,9 8 8 64,0 7 1 71,1 0 1 64,6 0 5 24,9 3 4 16,3 6 6 25,7 5 7 35,2 4 6 91,158 Capital Capital paid in 14,9 9 7 3 8 2 3,6 7 6 1,7 4 5 1,1 2 2 4,0 1 5 1,0 7 3 8 2 2 1 5 5 2 4 3 1 7 4 2 1 2 1,379 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 2,2 4 0 1 0 4 3 3 2 2 5 1 9 1 8 4 4 2 4 9 8 5 2 7 2 1 2 1 8 8 127 Total liabilities and capital 855,3 3 4 38,0 3 3 332,0 1 9 38,1 5 3 37,2 1 4 72,2 3 7 73,3 1 5 66,3 8 8 25,2 6 0 16,8 7 5 26,1 2 7 35,6 9 9 94,012 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 Aug 2, 2006 Federal Reserve notes outstanding 930,825 Less: Notes held by F.R. Banks not subject to collateralization 173,409 Federal Reserve notes to be collateralized 757,416 Collateral held against Federal Reserve notes 757,416 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 744,180 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 792,565 Less: face value of securities under reverse repurchase agreements 28,842 U.S. Treasury and agency securities eligible to be pledged 763,723 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.