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 31, 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 30, 2006 Aug 23, 2006 Aug 31, 2005 Aug 30, 2006 Reserve Bank credit 828,872 + 3,845 + 31,071 836,416 Securities held outright 765,398 + 548 + 34,698 766,738 U.S. Treasury1 765,398 + 548 + 34,698 766,738 Bills2 277,019 0 + 9,396 277,019 Notes and bonds, nominal2 458,360 + 534 + 17,604 459,695 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 26,019 Inflation compensation3 4,001 + 14 + 1,213 4,006 Federal agency2 0 0 0 0 Repurchase agreements4 24,393 + 2,857 - 4,321 30,250 Loans to depository institutions 412 + 64 + 80 693 Primary credit 52 + 45 + 46 331 Secondary credit 0 0 0 0 Seasonal credit 361 + 20 + 35 361 Float -226 + 48 + 138 -402 Other Federal Reserve assets 38,896 + 329 + 477 39,138 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,102 + 14 + 1,673 38,102 Total factors supplying reserve funds 880,215 + 3,859 + 32,744 887,759 Currency in circulation5 793,614 + 288 + 30,756 797,161 Reverse repurchase agreements6 25,768 - 1,735 + 797 26,084 Foreign official and international accounts 25,768 - 1,735 + 797 26,084 Dealers 0 0 0 0 Treasury cash holdings 170 + 11 - 96 171 Deposits with F.R. Banks, other than reserve balances 12,430 - 278 - 1,544 12,244 U.S. Treasury, general account 5,095 + 98 + 186 4,919 Foreign official 90 + 1 + 3 89 Service-related 6,981 - 1 - 1,736 6,981 Required clearing balances 6,981 - 1 - 1,736 6,981 Adjustments to compensate for float 0 0 0 0 Other 263 - 377 + 2 255 Other liabilities and capital 35,642 + 45 + 4,654 35,422 Total factors, other than reserve balances, absorbing reserve funds 867,624 - 1,670 + 34,567 871,082 Reserve balances with Federal Reserve Banks 12,591 + 5,529 - 1,823 16,677 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,678,880 + 8,507 + 210,704 1,675,570 U.S. Treasury 1,143,818 + 4,731 + 44,879 1,140,653 Federal agency 535,062 + 3,776 + 165,825 534,918 Securities lent to dealers 4,269 + 3,041 + 964 9,696 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 30, 2006 Aug 23, 2006 Aug 31, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 781 + 5 + 122 Securities, repurchase agreements, and loans 797,680 + 12,708 + 31,464 Securities held outright 766,738 + 1,883 + 36,358 U.S. Treasury1 766,738 + 1,883 + 36,358 Bills2 277,019 0 + 9,253 Notes and bonds, nominal2 459,695 + 1,869 + 19,403 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 Inflation compensation3 4,006 + 14 + 1,217 Federal agency2 0 0 0 Repurchase agreements4 30,250 + 10,500 - 5,250 Loans 693 + 326 + 357 Items in process of collection (1,374) 4,060 - 200 - 3,020 Bank premises 1,877 0 + 43 Other assets5 37,171 + 457 + 713 Total assets (1,374) 854,806 + 12,969 + 29,323 Liabilities Federal Reserve notes, net of F.R. Bank holdings 760,006 + 3,237 + 29,795 Reverse repurchase agreements6 26,084 - 469 - 403 Deposits (0) 28,831 + 10,106 - 2,867 Depository institutions 23,568 + 10,195 - 2,134 U.S. Treasury, general account 4,919 - 24 - 731 Foreign official 89 - 1 + 8 Other (0) 255 - 63 - 10 Deferred availability cash items (1,374) 4,462 - 118 - 1,877 Other liabilities and accrued dividends7 5,330 + 78 + 1,769 Total liabilities (1,374) 824,714 + 12,836 + 26,417 Capital accounts Capital paid in 15,060 + 13 + 1,658 Surplus 12,901 0 + 1,271 Other capital accounts 2,131 + 120 - 24 Total capital 30,092 + 133 + 2,906 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 30, 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 642 63,768 + 192 0 0 30,250 26,084 16 days to 90 days 51 164,899 - 760 0 0 0 0 91 days to 1 year 0 184,496 + 984 0 0 . . . . . . Over 1 year to 5 years . . . 212,576 + 1,458 0 0 . . . . . . Over 5 years to 10 years . . . 59,713 + 3 0 0 . . . . . . Over 10 years . . . 81,285 + 6 0 0 . . . . . . All 693 766,738 + 1,883 0 0 30,250 26,084 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 30, 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 8 1 2 5 4 5 4 1 7 0 7 0 1 0 4 9 6 4 0 3 3 5 9 7 9 118 Securities, repurchase agreements, and loans 797,6 8 0 36,9 1 7 314,0 4 0 33,2 8 9 33,1 0 7 63,6 9 3 64,2 0 3 70,4 9 6 24,4 3 2 15,7 0 5 22,4 9 9 34,4 1 8 84,879 Securities held outright 766,7 3 8 36,5 8 7 283,7 9 0 33,2 8 8 33,1 0 7 63,6 9 3 64,1 8 9 70,4 0 2 24,3 6 1 15,5 8 7 22,4 5 2 34,4 1 0 84,870 U.S. Treasury1 766,7 3 8 36,5 8 7 283,7 9 0 33,2 8 8 33,1 0 7 63,6 9 3 64,1 8 9 70,4 0 2 24,3 6 1 15,5 8 7 22,4 5 2 34,4 1 0 84,870 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 489,7 1 9 23,3 6 9 181,2 5 8 21,2 6 1 21,1 4 6 40,6 8 1 40,9 9 8 44,9 6 6 15,5 5 9 9,9 5 6 14,3 4 0 21,9 7 8 54,207 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,2 5 0 0 30,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 6 9 3 3 3 0 0 1 0 0 1 4 9 5 7 2 1 1 8 4 7 7 9 Items in process of collection 5,4 3 4 2 9 9 1 1 2 7 1 8 3 7 9 6 7 4 8 1 9 1 5 9 2 2 0 2 3 7 4 4 1 3 3 8 1,039 Bank premises 1,8 7 7 1 1 2 2 0 8 5 8 1 5 7 1 5 7 2 3 0 2 0 9 7 3 1 1 7 1 2 2 2 5 9 175 Other assets5 37,1 7 1 1,1 5 5 13,4 0 5 1,8 6 3 2,2 0 4 6,8 1 3 2,5 9 5 2,6 1 4 6 9 7 6 7 1 6 8 1 8 8 9 3,585 Interdistrict settlement account 0 - 1,2 2 7 + 1,0 7 7 + 1,4 2 8 + 9 0 + 1,2 9 3 + 7,5 7 4 - 9,6 0 9 - 8 4 1 - 2 3 9 + 1,3 0 9 - 1,7 9 0 + 936 Total assets 856,1 8 0 37,8 8 2 333,8 9 9 37,9 4 3 36,5 5 8 73,7 0 0 76,7 1 5 65,1 2 4 25,0 2 0 16,7 6 5 25,5 0 2 34,8 6 5 92,208 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 30, 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 931,9 1 2 38,1 1 3 348,8 1 3 39,2 6 7 37,1 8 4 73,8 4 1 93,8 1 3 73,2 0 1 27,1 1 8 17,1 4 3 27,2 5 8 50,0 9 4 106,068 Less: notes held by F.R. Banks 171,9 0 6 3,8 8 5 49,6 7 2 7,3 8 3 6,2 2 8 13,0 2 3 25,0 5 5 14,5 1 4 4,0 3 3 2,3 5 2 4,0 6 7 18,1 0 7 23,586 Federal Reserve notes, net 760,0 0 6 34,2 2 8 299,1 4 0 31,8 8 4 30,9 5 6 60,8 1 8 68,7 5 8 58,6 8 7 23,0 8 5 14,7 9 1 23,1 9 1 31,9 8 7 82,482 Reverse repurchase agreements1 26,0 8 4 1,2 4 5 9,6 5 5 1,1 3 2 1,1 2 6 2,1 6 7 2,1 8 4 2,3 9 5 8 2 9 5 3 0 7 6 4 1,1 7 1 2,887 Deposits 28,8 3 1 9 0 4 15,5 6 1 1,2 0 7 1,3 4 9 1,4 4 1 2,3 5 1 1,4 5 5 4 6 4 4 4 8 5 2 4 6 9 0 2,439 Depository institutions 23,5 6 8 9 0 1 10,4 1 4 1,2 0 4 1,3 4 5 1,3 5 0 2,3 4 8 1,4 5 1 4 6 2 4 4 7 5 2 2 6 8 9 2,434 U.S. Treasury, general account 4,9 1 9 0 4,9 1 9 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 5 5 1 1 6 8 1 1 8 0 0 1 2 0 1 0 0 Deferred availability cash items 5,8 3 6 4 5 0 1 0 9 6 3 0 5 9 0 6 7 5 7 6 2 3 2 3 1 2 5 3 5 9 4 8 2 3 1 8 1,014 Other liabilities and accrued dividends2 5,3 3 0 2 6 0 1,8 0 1 2 5 1 2 5 7 5 2 4 4 5 0 4 8 8 1 9 3 1 3 7 1 7 5 2 5 2 542 Total liabilities 826,0 8 8 37,0 8 6 326,2 6 6 35,1 0 4 34,2 7 9 65,6 2 5 74,5 0 5 63,3 4 8 24,6 9 5 16,2 6 4 25,1 3 5 34,4 1 7 89,364 Capital Capital paid in 15,0 6 0 3 8 3 3,6 8 9 1,7 4 8 1,1 2 6 4,0 1 7 1,0 8 4 8 4 1 1 5 5 2 4 3 1 7 4 2 1 1 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 2,1 3 1 9 6 2 5 9 3 4 8 1 3 9 7 5 0 2 3 3 5 9 2 5 1 2 1 8 8 4 107 Total liabilities and capital 856,1 8 0 37,8 8 2 333,8 9 9 37,9 4 3 36,5 5 8 73,7 0 0 76,7 1 5 65,1 2 4 25,0 2 0 16,7 6 5 25,5 0 2 34,8 6 5 92,208 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 30, 2006 Federal Reserve notes outstanding 931,912 Less: Notes held by F.R. Banks not subject to collateralization 171,906 Federal Reserve notes to be collateralized 760,006 Collateral held against Federal Reserve notes 760,006 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 746,769 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 796,988 Less: face value of securities under reverse repurchase agreements 26,122 U.S. Treasury and agency securities eligible to be pledged 770,866 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.