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 10, 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 9, 2006 Aug 2, 2006 Aug 10, 2005 Aug 9, 2006 Reserve Bank credit 825,183 - 7,814 + 33,520 825,177 Securities held outright 764,824 + 31 + 40,122 764,828 U.S. Treasury1 764,824 + 31 + 40,122 764,828 Bills2 277,019 0 + 12,004 277,019 Notes and bonds, nominal2 457,826 - 705 + 20,452 457,826 Notes and bonds, inflation-indexed2 26,019 + 706 + 6,486 26,019 Inflation compensation3 3,961 + 31 + 1,181 3,966 Federal agency2 0 0 0 0 Repurchase agreements4 18,929 - 7,678 - 7,035 17,500 Loans to depository institutions 341 - 145 + 72 360 Primary credit 9 - 132 + 7 25 Secondary credit 0 0 0 0 Seasonal credit 331 - 14 + 64 336 Float -718 - 287 - 363 520 Other Federal Reserve assets 41,809 + 268 + 726 41,968 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,060 + 14 + 1,631 38,060 Total factors supplying reserve funds 876,484 - 7,799 + 35,151 876,478 Currency in circulation5 794,064 + 1,291 + 29,724 795,862 Reverse repurchase agreements6 28,444 - 1,201 + 5,333 27,860 Foreign official and international accounts 28,444 - 1,201 + 5,333 27,860 Dealers 0 0 0 0 Treasury cash holdings 157 + 8 - 89 160 Deposits with F.R. Banks, other than reserve balances 12,225 + 60 - 2,282 10,469 U.S. Treasury, general account 4,643 - 77 - 346 2,907 Foreign official 90 0 - 2 88 Service-related 7,207 + 181 - 1,909 7,207 Required clearing balances 7,204 + 178 - 1,912 7,204 Adjustments to compensate for float 3 + 3 + 3 3 Other 286 - 42 - 24 268 Other liabilities and capital 35,599 + 116 + 4,919 35,042 Total factors, other than reserve balances, absorbing reserve funds 870,489 + 273 + 37,605 869,393 Reserve balances with Federal Reserve Banks 5,995 - 8,073 - 2,455 7,084 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,662,318 + 8,742 + 201,015 1,661,704 U.S. Treasury 1,134,313 + 12,821 + 42,024 1,135,161 Federal agency 528,005 - 4,080 + 158,991 526,543 Securities lent to dealers 2,896 + 320 - 585 2,867 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 9, 2006 Aug 2, 2006 Aug 10, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 764 + 7 + 128 Securities, repurchase agreements, and loans 782,689 - 11,127 + 33,201 Securities held outright 764,828 + 13 + 40,125 U.S. Treasury1 764,828 + 13 + 40,125 Bills2 277,019 0 + 12,004 Notes and bonds, nominal2 457,826 0 + 20,452 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 Inflation compensation3 3,966 + 14 + 1,185 Federal agency2 0 0 0 Repurchase agreements4 17,500 - 10,250 - 7,000 Loans 360 - 891 + 75 Items in process of collection (1,067) 5,263 + 383 - 662 Bank premises 1,867 + 1 + 40 Other assets5 39,862 + 486 + 336 Total assets (1,067) 843,682 - 10,251 + 33,044 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,723 + 1,307 + 28,701 Reverse repurchase agreements6 27,860 - 938 + 4,220 Deposits (0) 17,314 - 9,598 - 3,114 Depository institutions 14,051 - 6,914 - 240 U.S. Treasury, general account 2,907 - 2,564 - 2,772 Foreign official 88 - 3 - 68 Other (0) 268 - 118 - 34 Deferred availability cash items (1,067) 4,743 - 953 - 1,411 Other liabilities and accrued dividends7 5,047 + 75 + 1,635 Total liabilities (1,067) 813,687 - 10,107 + 30,032 Capital accounts Capital paid in 15,016 + 19 + 1,609 Surplus 12,901 0 + 1,301 Other capital accounts 2,077 - 163 + 100 Total capital 29,995 - 144 + 3,012 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. 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 9, 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 72 59,574 + 167 0 0 17,500 27,860 16 days to 90 days 289 168,826 - 805 0 0 0 0 91 days to 1 year 0 176,794 + 640 0 0 . . . . . . Over 1 year to 5 years . . . 218,570 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 61,355 + 3 0 0 . . . . . . Over 10 years . . . 79,710 + 6 0 0 . . . . . . All 360 764,828 + 13 0 0 17,500 27,860 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 9, 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 6 4 2 7 3 9 3 4 7 3 7 1 1 0 5 9 2 3 9 2 9 5 8 8 0 118 Securities, repurchase agreements, and loans 782,6 8 9 36,4 9 6 300,5 8 4 33,2 0 6 33,0 2 5 63,5 3 6 64,0 4 3 70,3 1 2 24,3 6 0 15,6 7 0 22,4 3 5 34,3 3 1 84,690 Securities held outright 764,8 2 8 36,4 9 6 283,0 8 4 33,2 0 6 33,0 2 5 63,5 3 4 64,0 2 9 70,2 2 6 24,3 0 0 15,5 4 8 22,3 9 6 34,3 2 5 84,659 U.S. Treasury1 764,8 2 8 36,4 9 6 283,0 8 4 33,2 0 6 33,0 2 5 63,5 3 4 64,0 2 9 70,2 2 6 24,3 0 0 15,5 4 8 22,3 9 6 34,3 2 5 84,659 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 487,8 1 0 23,2 7 7 180,5 5 2 21,1 7 9 21,0 6 3 40,5 2 2 40,8 3 8 44,7 9 1 15,4 9 9 9,9 1 7 14,2 8 4 21,8 9 2 53,996 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 17,5 0 0 0 17,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 6 0 0 0 0 0 2 1 4 8 5 6 0 1 2 2 4 0 6 31 Items in process of collection 6,3 3 0 2 5 2 4 2 3 4 1 9 7 0 7 3 4 5 6 0 1 2 3 6 1 5 1 2 5 9 1,3 7 9 4 0 9 1,149 Bank premises 1,8 6 7 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 39,8 6 2 1,2 8 4 14,4 0 4 1,8 8 5 2,3 3 6 7,0 6 8 2,8 4 9 2,8 5 6 7 9 7 7 3 3 7 5 8 1,0 0 7 3,884 Interdistrict settlement account 0 - 8 3 5 + 3,5 5 1 + 1,1 7 1 - 9 6 9 + 1,4 6 6 + 4,4 4 3 - 8,8 9 1 - 6 7 6 - 1 8 3 + 6 9 3 - 1,3 7 5 + 1,606 Total assets 844,7 4 8 37,9 3 8 324,2 2 0 37,3 1 7 35,8 7 9 73,6 4 1 73,4 6 1 65,9 7 1 25,1 4 1 16,8 6 6 25,8 3 6 35,3 8 3 93,095 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 9, 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 931,0 6 1 38,1 2 8 348,5 1 8 39,5 7 7 37,0 2 3 73,2 9 3 93,0 3 3 73,6 3 0 27,1 2 2 17,2 4 6 27,2 9 5 50,0 1 1 106,184 Less: notes held by F.R. Banks 172,3 3 8 3,6 8 4 50,2 2 0 7,4 7 3 6,2 2 7 13,4 0 8 27,0 1 2 14,0 4 0 3,9 8 5 2,2 5 3 3,8 4 8 17,6 9 1 22,495 Federal Reserve notes, net 758,7 2 3 34,4 4 4 298,2 9 8 32,1 0 3 30,7 9 6 59,8 8 5 66,0 2 1 59,5 8 9 23,1 3 7 14,9 9 3 23,4 4 6 32,3 2 0 83,689 Reverse repurchase agreements1 27,8 6 0 1,3 2 9 10,3 1 2 1,2 1 0 1,2 0 3 2,3 1 4 2,3 3 2 2,5 5 8 8 8 5 5 6 6 8 1 6 1,2 5 0 3,084 Deposits 17,3 1 4 7 2 8 5,7 9 1 5 7 4 8 4 1 2,3 2 1 1,7 4 0 1,2 9 8 4 5 4 3 0 3 5 6 9 7 2 1 1,975 Depository institutions 14,0 5 1 7 2 4 2,6 5 8 5 7 1 8 3 8 2,2 1 7 1,7 3 8 1,2 9 4 4 5 2 3 0 2 5 6 7 7 2 0 1,970 U.S. Treasury, general account 2,9 0 7 0 2,9 0 7 0 0 0 0 0 0 0 0 0 0 Foreign official 8 8 1 6 0 2 3 1 1 3 3 0 1 1 0 4 Other 2 6 8 2 1 6 7 0 0 9 4 0 2 1 0 1 0 0 Deferred availability cash items 5,8 1 0 3 8 8 4 9 8 4 2 8 5 3 9 5 4 4 7 3 1 2 9 3 1 4 9 3 7 0 4 6 7 3 9 5 1,009 Other liabilities and accrued dividends2 5,0 4 7 2 5 0 1,6 9 8 2 3 5 2 4 4 4 8 7 4 3 3 4 5 9 1 8 6 1 3 2 1 7 3 2 4 0 510 Total liabilities 814,7 5 4 37,1 4 0 316,5 9 6 34,5 5 0 33,6 2 3 65,5 5 2 71,2 5 8 64,1 9 8 24,8 1 1 16,3 6 5 25,4 7 0 34,9 2 7 90,266 Capital Capital paid in 15,0 1 6 3 8 2 3,6 7 6 1,7 4 5 1,1 2 1 4,0 1 5 1,0 7 3 8 4 1 1 5 5 2 4 3 1 7 4 2 1 3 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 2,0 7 7 9 9 2 6 2 2 7 9 1 2 1 7 6 7 2 3 8 5 6 3 1 1 3 1 8 9 0 103 Total liabilities and capital 844,7 4 8 37,9 3 8 324,2 2 0 37,3 1 7 35,8 7 9 73,6 4 1 73,4 6 1 65,9 7 1 25,1 4 1 16,8 6 6 25,8 3 6 35,3 8 3 93,095 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 9, 2006 Federal Reserve notes outstanding 931,061 Less: Notes held by F.R. Banks not subject to collateralization 172,338 Federal Reserve notes to be collateralized 758,723 Collateral held against Federal Reserve notes 758,723 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,486 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 782,328 Less: face value of securities under reverse repurchase agreements 27,902 U.S. Treasury and agency securities eligible to be pledged 754,427 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.