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 24, 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 23, 2006 Aug 16, 2006 Aug 24, 2005 Aug 23, 2006 Reserve Bank credit 825,027 - 4,209 + 33,601 823,337 Securities held outright 764,850 + 13 + 36,297 764,855 U.S. Treasury1 764,850 + 13 + 36,297 764,855 Bills2 277,019 0 + 9,690 277,019 Notes and bonds, nominal2 457,826 0 + 18,921 457,826 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 26,019 Inflation compensation3 3,987 + 13 + 1,202 3,992 Federal agency2 0 0 0 0 Repurchase agreements4 21,536 - 1,893 - 3,571 19,750 Loans to depository institutions 348 + 1 + 15 367 Primary credit 7 - 1 - 9 10 Secondary credit 0 0 0 0 Seasonal credit 341 + 2 + 24 357 Float -274 + 82 + 261 -320 Other Federal Reserve assets 38,567 - 2,413 + 598 38,685 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,088 + 14 + 1,659 38,088 Total factors supplying reserve funds 876,356 - 4,195 + 35,260 874,666 Currency in circulation5 793,326 - 1,140 + 30,569 793,914 Reverse repurchase agreements6 27,503 - 1,390 + 3,466 26,553 Foreign official and international accounts 27,503 - 1,390 + 3,466 26,553 Dealers 0 0 0 0 Treasury cash holdings 159 - 1 - 94 170 Deposits with F.R. Banks, other than reserve balances 12,708 + 387 - 1,597 12,333 U.S. Treasury, general account 4,997 + 250 - 184 4,943 Foreign official 89 0 + 2 90 Service-related 6,982 - 219 - 1,739 6,982 Required clearing balances 6,982 - 219 - 1,739 6,982 Adjustments to compensate for float 0 0 0 0 Other 640 + 355 + 324 318 Other liabilities and capital 35,597 + 216 + 4,810 35,210 Total factors, other than reserve balances, absorbing reserve funds 869,294 - 1,926 + 37,156 868,181 Reserve balances with Federal Reserve Banks 7,062 - 2,269 - 1,896 6,485 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,670,373 + 3,165 + 204,571 1,676,125 U.S. Treasury 1,139,087 + 1,223 + 42,910 1,142,527 Federal agency 531,286 + 1,942 + 161,661 533,598 Securities lent to dealers 1,228 - 1,250 - 589 1,465 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 23, 2006 Aug 16, 2006 Aug 24, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 776 + 7 + 126 Securities, repurchase agreements, and loans 784,972 - 5,481 + 29,047 Securities held outright 764,855 + 13 + 35,276 U.S. Treasury1 764,855 + 13 + 35,276 Bills2 277,019 0 + 9,511 Notes and bonds, nominal2 457,826 0 + 18,074 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 Inflation compensation3 3,992 + 13 + 1,206 Federal agency2 0 0 0 Repurchase agreements4 19,750 - 5,500 - 6,250 Loans 367 + 6 + 21 Items in process of collection (970) 4,260 + 247 - 1,228 Bank premises 1,877 + 7 + 45 Other assets5 36,714 + 343 + 319 Total assets (970) 841,837 - 4,876 + 28,310 Liabilities Federal Reserve notes, net of F.R. Bank holdings 756,769 - 1,558 + 28,839 Reverse repurchase agreements6 26,553 - 956 + 2,439 Deposits (0) 18,725 - 2,197 - 6,323 Depository institutions 13,373 - 2,740 - 6,696 U.S. Treasury, general account 4,943 + 500 + 340 Foreign official 90 + 2 + 10 Other (0) 318 + 41 + 22 Deferred availability cash items (970) 4,580 - 225 - 1,246 Other liabilities and accrued dividends7 5,252 + 72 + 1,684 Total liabilities (970) 811,878 - 4,865 + 25,391 Capital accounts Capital paid in 15,047 + 17 + 1,606 Surplus 12,901 0 + 1,271 Other capital accounts 2,011 - 28 + 42 Total capital 29,959 - 11 + 2,919 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 23, 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 325 63,576 + 673 0 0 19,750 26,553 16 days to 90 days 42 165,659 + 6,656 0 0 0 0 91 days to 1 year 0 183,512 - 7,327 0 0 . . . . . . Over 1 year to 5 years . . . 211,118 + 3 0 0 . . . . . . Over 5 years to 10 years . . . 59,710 + 1,559 0 0 . . . . . . Over 10 years . . . 81,279 - 1,551 0 0 . . . . . . All 367 764,855 + 13 0 0 19,750 26,553 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 23, 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 7 6 2 4 4 5 3 9 7 2 7 3 1 0 5 9 5 3 9 3 0 5 6 8 0 118 Securities, repurchase agreements, and loans 784,9 7 2 36,4 9 8 302,8 4 4 33,2 0 7 33,0 2 6 63,5 3 8 64,0 4 5 70,3 1 8 24,3 6 7 15,6 7 0 22,4 4 5 34,3 3 2 84,682 Securities held outright 764,8 5 5 36,4 9 8 283,0 9 4 33,2 0 7 33,0 2 6 63,5 3 7 64,0 3 1 70,2 2 9 24,3 0 1 15,5 4 9 22,3 9 7 34,3 2 6 84,662 U.S. Treasury1 764,8 5 5 36,4 9 8 283,0 9 4 33,2 0 7 33,0 2 6 63,5 3 7 64,0 3 1 70,2 2 9 24,3 0 1 15,5 4 9 22,3 9 7 34,3 2 6 84,662 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 3 6 23,2 7 9 180,5 6 2 21,1 8 0 21,0 6 5 40,5 2 5 40,8 4 0 44,7 9 3 15,4 9 9 9,9 1 7 14,2 8 5 21,8 9 4 53,999 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 19,7 5 0 0 19,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 3 6 7 0 0 0 0 1 1 4 8 9 6 7 1 2 1 4 8 6 20 Items in process of collection 5,2 3 0 2 5 2 1 4 3 9 3 1 3 4 0 3 1 8 5 7 8 2 2 9 1 6 7 2 5 4 4 8 5 3 4 5 1,189 Bank premises 1,8 7 7 1 1 3 2 0 7 5 7 1 5 7 1 5 7 2 3 1 2 0 9 7 3 1 1 7 1 2 2 2 5 9 175 Other assets5 36,7 1 4 1,1 4 1 13,2 6 0 1,7 4 9 2,1 9 9 6,7 8 1 2,5 5 2 2,5 6 9 7 1 2 6 7 0 6 7 0 8 7 3 3,538 Interdistrict settlement account 0 - 1,0 7 5 + 3,7 9 9 + 7 0 9 - 3 7 3 + 2,5 2 3 + 5,4 8 7 - 9,8 0 9 - 8 1 6 - 3 7 4 + 1,3 5 7 - 1,6 9 6 + 266 Total assets 842,8 0 7 37,5 5 4 325,3 1 0 37,2 3 8 35,9 7 1 74,3 9 0 74,1 8 7 64,7 6 9 24,9 4 2 16,6 0 7 25,5 2 6 34,8 6 6 91,444 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 23, 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 931,7 6 0 38,0 1 6 349,1 2 2 39,3 5 7 37,1 6 2 73,3 5 4 93,5 9 3 73,2 8 7 27,1 4 2 17,1 4 6 27,2 5 4 50,1 7 0 106,158 Less: notes held by F.R. Banks 174,9 9 1 3,8 5 2 50,0 2 8 7,6 0 1 6,3 5 2 13,3 6 1 26,4 8 9 14,6 9 8 4,1 6 1 2,3 7 4 4,0 5 0 18,2 5 9 23,765 Federal Reserve notes, net 756,7 6 9 34,1 6 4 299,0 9 4 31,7 5 6 30,8 1 0 59,9 9 3 67,1 0 4 58,5 8 9 22,9 8 1 14,7 7 2 23,2 0 3 31,9 1 1 82,393 Reverse repurchase agreements1 26,5 5 3 1,2 6 7 9,8 2 8 1,1 5 3 1,1 4 7 2,2 0 6 2,2 2 3 2,4 3 8 8 4 4 5 4 0 7 7 8 1,1 9 2 2,939 Deposits 18,7 2 5 6 8 6 6,9 1 4 4 7 1 9 2 3 3,1 8 0 1,5 1 8 1,2 3 0 4 7 5 2 7 2 5 1 1 7 6 7 1,777 Depository institutions 13,3 7 3 6 8 0 1,7 3 4 4 6 9 9 1 6 3,0 4 1 1,5 1 4 1,2 2 7 4 7 2 2 7 1 5 1 0 7 6 7 1,772 U.S. Treasury, general account 4,9 4 3 0 4,9 4 3 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 3 1 8 5 1 7 6 0 4 1 2 9 0 0 2 0 1 0 0 Deferred availability cash items 5,5 5 0 3 8 3 1 0 0 8 0 0 5 7 1 4 5 9 7 0 4 2 6 7 1 2 4 3 8 8 4 9 7 2 8 9 970 Other liabilities and accrued dividends2 5,2 5 2 2 6 1 1,7 7 8 2 4 7 2 5 3 4 9 9 4 4 9 4 8 2 1 9 2 1 3 8 1 7 2 2 4 7 534 Total liabilities 812,8 4 8 36,7 6 1 317,7 1 5 34,4 2 7 33,7 0 3 66,3 3 7 71,9 9 7 63,0 0 6 24,6 1 5 16,1 0 9 25,1 6 1 34,4 0 6 88,612 Capital Capital paid in 15,0 4 7 3 8 3 3,6 8 8 1,7 4 5 1,1 2 6 4,0 1 7 1,0 7 2 8 4 1 1 5 5 2 4 3 1 7 4 2 1 4 1,387 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 1 1 9 4 2 2 2 3 2 2 1 2 8 7 2 8 2 2 5 4 6 2 9 1 0 1 6 9 4 96 Total liabilities and capital 842,8 0 7 37,5 5 4 325,3 1 0 37,2 3 8 35,9 7 1 74,3 9 0 74,1 8 7 64,7 6 9 24,9 4 2 16,6 0 7 25,5 2 6 34,8 6 6 91,444 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 23, 2006 Federal Reserve notes outstanding 931,760 Less: Notes held by F.R. Banks not subject to collateralization 174,991 Federal Reserve notes to be collateralized 756,769 Collateral held against Federal Reserve notes 756,769 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 743,532 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 784,605 Less: face value of securities under reverse repurchase agreements 26,591 U.S. Treasury and agency securities eligible to be pledged 758,014 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.