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 17, 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 16, 2006 Aug 9, 2006 Aug 17, 2005 Aug 16, 2006 Reserve Bank credit 829,233 + 4,050 + 35,525 828,141 Securities held outright 764,837 + 13 + 38,492 764,842 U.S. Treasury1 764,837 + 13 + 38,492 764,842 Bills2 277,019 0 + 10,760 277,019 Notes and bonds, nominal2 457,826 0 + 20,055 457,826 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 26,019 Inflation compensation3 3,974 + 13 + 1,192 3,979 Federal agency2 0 0 0 0 Repurchase agreements4 23,429 + 4,500 - 3,428 25,250 Loans to depository institutions 347 + 6 - 98 361 Primary credit 8 - 1 - 147 19 Secondary credit 0 0 0 0 Seasonal credit 339 + 8 + 49 342 Float -359 + 360 - 381 -792 Other Federal Reserve assets 40,980 - 829 + 942 38,480 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,074 + 14 + 1,645 38,074 Total factors supplying reserve funds 880,548 + 4,065 + 37,170 879,455 Currency in circulation5 794,466 + 402 + 30,648 795,479 Reverse repurchase agreements6 28,893 + 449 + 3,523 27,509 Foreign official and international accounts 28,893 + 449 + 3,523 27,509 Dealers 0 0 0 0 Treasury cash holdings 160 + 3 - 90 157 Deposits with F.R. Banks, other than reserve balances 12,321 + 96 - 2,012 12,009 U.S. Treasury, general account 4,747 + 104 - 58 4,443 Foreign official 89 - 1 - 5 88 Service-related 7,201 - 6 - 1,917 7,201 Required clearing balances 7,201 - 3 - 1,914 7,201 Adjustments to compensate for float 0 - 3 - 3 0 Other 285 - 1 - 31 277 Other liabilities and capital 35,381 - 218 + 4,488 35,151 Total factors, other than reserve balances, absorbing reserve funds 871,220 + 731 + 36,556 870,305 Reserve balances with Federal Reserve Banks 9,328 + 3,333 + 614 9,151 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,667,208 + 4,890 + 198,898 1,668,332 U.S. Treasury 1,137,864 + 3,551 + 38,368 1,137,470 Federal agency 529,344 + 1,339 + 160,530 530,861 Securities lent to dealers 2,478 - 418 - 1,781 2,231 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 16, 2006 Aug 9, 2006 Aug 17, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 769 + 5 + 125 Securities, repurchase agreements, and loans 790,453 + 7,764 + 33,380 Securities held outright 764,842 + 14 + 37,503 U.S. Treasury1 764,842 + 14 + 37,503 Bills2 277,019 0 + 10,760 Notes and bonds, nominal2 457,826 0 + 19,062 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 Inflation compensation3 3,979 + 13 + 1,196 Federal agency2 0 0 0 Repurchase agreements4 25,250 + 7,750 - 3,250 Loans 361 + 1 - 873 Items in process of collection (1,100) 4,013 - 1,250 - 3,039 Bank premises 1,870 + 3 + 41 Other assets5 36,371 - 3,491 + 264 Total assets (1,100) 846,713 + 3,031 + 30,771 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,327 - 396 + 29,186 Reverse repurchase agreements6 27,509 - 351 + 4,006 Deposits (0) 20,922 + 3,608 - 5,521 Depository institutions 16,113 + 2,062 - 4,264 U.S. Treasury, general account 4,443 + 1,536 - 1,226 Foreign official 88 0 + 10 Other (0) 277 + 9 - 42 Deferred availability cash items (1,100) 4,805 + 62 - 1,496 Other liabilities and accrued dividends7 5,180 + 133 + 1,716 Total liabilities (1,100) 816,743 + 3,056 + 27,890 Capital accounts Capital paid in 15,030 + 14 + 1,589 Surplus 12,901 0 + 1,272 Other capital accounts 2,039 - 38 + 20 Total capital 29,970 - 25 + 2,881 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 16, 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 160 62,903 + 3,329 0 0 25,250 27,509 16 days to 90 days 201 159,003 - 9,823 0 0 0 0 91 days to 1 year 0 190,839 + 14,045 0 0 . . . . . . Over 1 year to 5 years . . . 211,115 - 7,455 0 0 . . . . . . Over 5 years to 10 years . . . 58,151 - 3,204 0 0 . . . . . . Over 10 years . . . 82,830 + 3,120 0 0 . . . . . . All 361 764,842 + 14 0 0 25,250 27,509 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 16, 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 9 2 6 4 1 3 6 7 2 7 0 1 0 6 9 3 3 9 2 9 5 8 8 0 118 Securities, repurchase agreements, and loans 790,4 5 3 36,4 9 7 308,3 3 9 33,2 0 6 33,0 2 6 63,5 5 3 64,0 4 5 70,3 1 2 24,3 5 8 15,6 7 2 22,4 4 0 34,3 3 2 84,674 Securities held outright 764,8 4 2 36,4 9 7 283,0 8 9 33,2 0 6 33,0 2 6 63,5 3 5 64,0 3 0 70,2 2 8 24,3 0 0 15,5 4 9 22,3 9 6 34,3 2 5 84,660 U.S. Treasury1 764,8 4 2 36,4 9 7 283,0 8 9 33,2 0 6 33,0 2 6 63,5 3 5 64,0 3 0 70,2 2 8 24,3 0 0 15,5 4 9 22,3 9 6 34,3 2 5 84,660 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 2 3 23,2 7 8 180,5 5 7 21,1 7 9 21,0 6 4 40,5 2 4 40,8 3 9 44,7 9 2 15,4 9 9 9,9 1 7 14,2 8 4 21,8 9 3 53,997 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 25,2 5 0 0 25,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 6 1 0 0 0 0 1 7 1 5 8 4 5 8 1 2 3 4 4 7 13 Items in process of collection 5,1 1 3 2 6 8 4 3 2 3 4 0 3 4 0 3 5 7 6 8 9 2 6 7 1 8 7 2 8 0 4 6 4 4 4 0 1,048 Bank premises 1,8 7 0 1 1 3 2 0 7 5 7 1 5 7 1 5 6 2 3 0 2 0 9 7 1 1 1 7 1 2 2 2 5 8 172 Other assets5 36,3 7 1 1,1 2 1 13,1 2 9 1,7 4 3 2,1 8 4 6,7 7 1 2,5 1 0 2,5 3 5 7 0 0 6 6 2 6 5 8 8 5 4 3,503 Interdistrict settlement account 0 - 6 5 9 + 2,5 8 7 + 1,6 6 1 - 4 6 8 + 8 6 4 + 5,0 2 7 - 8,9 9 7 - 6 7 3 - 3 1 7 + 1,6 0 3 - 1,6 5 6 + 1,026 Total assets 847,8 1 3 37,9 6 7 329,7 4 9 37,5 8 9 35,8 6 1 72,7 7 1 73,7 9 6 65,5 7 8 25,0 8 1 16,6 8 5 25,7 3 6 34,9 8 1 92,018 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 16, 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 931,4 2 6 38,2 3 7 349,1 2 2 39,5 1 6 37,0 0 1 73,1 9 5 93,0 5 8 73,6 2 8 27,1 2 7 17,2 2 8 27,2 9 7 49,8 7 2 106,145 Less: notes held by F.R. Banks 173,0 9 8 3,7 4 6 49,6 0 5 7,5 1 3 6,2 4 6 13,4 1 6 26,7 8 0 14,2 5 3 4,1 0 6 2,3 2 6 3,9 1 1 17,8 7 0 23,326 Federal Reserve notes, net 758,3 2 7 34,4 9 1 299,5 1 8 32,0 0 3 30,7 5 4 59,7 7 9 66,2 7 7 59,3 7 5 23,0 2 1 14,9 0 2 23,3 8 6 32,0 0 3 82,819 Reverse repurchase agreements1 27,5 0 9 1,3 1 3 10,1 8 2 1,1 9 4 1,1 8 8 2,2 8 5 2,3 0 3 2,5 2 6 8 7 4 5 5 9 8 0 6 1,2 3 5 3,045 Deposits 20,9 2 2 7 1 4 10,1 1 5 8 9 3 7 7 4 1,6 2 6 1,8 6 7 1,1 5 5 5 0 0 2 5 1 5 3 0 6 7 5 1,821 Depository institutions 16,1 1 3 7 0 1 5,4 4 4 8 9 0 7 6 9 1,5 2 4 1,8 6 5 1,1 5 2 4 9 8 2 5 0 5 2 8 6 7 5 1,816 U.S. Treasury, general account 4,4 4 3 0 4,4 4 3 0 0 0 0 0 0 0 0 0 0 Foreign official 8 8 1 5 9 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 7 1 2 1 6 9 0 2 9 1 0 0 2 0 1 0 0 Deferred availability cash items 5,9 0 5 4 0 1 5 8 0 4 6 3 6 2 9 5 2 0 7 1 2 2 8 0 1 5 7 3 3 9 4 7 8 3 6 8 979 Other liabilities and accrued dividends2 5,1 8 0 2 5 6 1,7 5 5 2 4 3 2 4 9 4 9 5 4 4 2 4 7 2 1 8 9 1 3 5 1 6 9 2 5 1 525 Total liabilities 817,8 4 3 37,1 7 4 322,1 4 8 34,7 9 7 33,5 9 3 64,7 0 6 71,6 0 2 63,8 0 7 24,7 4 1 16,1 8 6 25,3 6 9 34,5 3 1 89,189 Capital Capital paid in 15,0 3 0 3 8 3 3,6 7 6 1,7 4 5 1,1 2 3 4,0 1 7 1,0 7 2 8 4 1 1 5 5 2 4 3 1 7 4 2 1 3 1,388 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 3 9 9 4 2 4 0 3 0 3 1 3 1 7 4 1 2 3 0 5 4 4 1 1 1 1 8 8 4 92 Total liabilities and capital 847,8 1 3 37,9 6 7 329,7 4 9 37,5 8 9 35,8 6 1 72,7 7 1 73,7 9 6 65,5 7 8 25,0 8 1 16,6 8 5 25,7 3 6 34,9 8 1 92,018 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 16, 2006 Federal Reserve notes outstanding 931,426 Less: Notes held by F.R. Banks not subject to collateralization 173,098 Federal Reserve notes to be collateralized 758,327 Collateral held against Federal Reserve notes 758,327 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,091 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 790,092 Less: face value of securities under reverse repurchase agreements 27,549 U.S. Treasury and agency securities eligible to be pledged 762,543 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.