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 September 7, 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 Sep 6, 2006 Aug 30, 2006 Sep 7, 2005 Sep 6, 2006 Reserve Bank credit 832,105 + 3,233 + 32,828 832,153 Securities held outright 766,751 + 1,353 + 36,340 766,757 U.S. Treasury1 766,751 + 1,353 + 36,340 766,757 Bills2 277,019 0 + 9,239 277,019 Notes and bonds, nominal2 459,695 + 1,335 + 19,403 459,695 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 26,019 Inflation compensation3 4,019 + 18 + 1,214 4,025 Federal agency2 0 0 0 0 Repurchase agreements4 26,357 + 1,964 - 3,893 19,750 Loans to depository institutions 345 - 67 + 24 348 Primary credit 3 - 49 - 17 7 Secondary credit 0 0 0 0 Seasonal credit 341 - 20 + 40 341 Float -156 + 70 + 296 6,372 Other Federal Reserve assets 38,808 - 88 + 61 38,926 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,096 + 14 + 1,667 38,096 Total factors supplying reserve funds 883,442 + 3,247 + 34,495 883,489 Currency in circulation5 798,573 + 4,979 + 29,616 799,340 Reverse repurchase agreements6 27,051 + 1,283 + 1,836 26,878 Foreign official and international accounts 27,051 + 1,283 + 1,836 26,878 Dealers 0 0 0 0 Treasury cash holdings 172 + 2 - 89 177 Deposits with F.R. Banks, other than reserve balances 11,925 - 505 - 2,185 11,545 U.S. Treasury, general account 4,531 - 564 - 255 4,373 Foreign official 92 + 2 - 50 104 Service-related 6,791 - 190 - 2,093 6,791 Required clearing balances 6,791 - 190 - 2,093 6,791 Adjustments to compensate for float 0 0 0 0 Other 512 + 249 + 214 277 Other liabilities and capital 35,852 + 210 + 4,495 35,454 Total factors, other than reserve balances, absorbing reserve funds 873,574 + 5,970 + 33,675 873,394 Reserve balances with Federal Reserve Banks 9,868 - 2,723 + 821 10,095 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,680,372 + 1,492 + 213,850 1,684,992 U.S. Treasury 1,144,647 + 829 + 47,360 1,149,942 Federal agency 535,725 + 663 + 166,490 535,050 Securities lent to dealers 3,299 - 970 + 352 1,911 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 Sep 6, 2006 Aug 30, 2006 Sep 7, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 780 - 1 + 125 Securities, repurchase agreements, and loans 786,855 - 10,825 + 24,606 Securities held outright 766,757 + 19 + 36,339 U.S. Treasury1 766,757 + 19 + 36,339 Bills2 277,019 0 + 9,239 Notes and bonds, nominal2 459,695 0 + 19,403 Notes and bonds, inflation-indexed2 26,019 0 + 6,486 Inflation compensation3 4,025 + 19 + 1,212 Federal agency2 0 0 0 Repurchase agreements4 19,750 - 10,500 - 11,750 Loans 348 - 345 + 17 Items in process of collection (2,927) 12,790 + 8,730 + 3,015 Bank premises 1,882 + 5 + 50 Other assets5 36,969 - 202 - 49 Total assets (2,927) 852,512 - 2,294 + 27,746 Liabilities Federal Reserve notes, net of F.R. Bank holdings 762,197 + 2,191 + 26,996 Reverse repurchase agreements6 26,878 + 794 + 1,724 Deposits (0) 21,565 - 7,266 - 3,281 Depository institutions 16,811 - 6,757 - 3,194 U.S. Treasury, general account 4,373 - 546 - 72 Foreign official 104 + 15 + 22 Other (0) 277 + 22 - 37 Deferred availability cash items (2,927) 6,418 + 1,956 - 2,131 Other liabilities and accrued dividends7 5,339 + 9 + 1,694 Total liabilities (2,927) 822,397 - 2,317 + 25,002 Capital accounts Capital paid in 15,064 + 4 + 1,661 Surplus 12,901 0 + 1,271 Other capital accounts 2,151 + 20 - 187 Total capital 30,116 + 24 + 2,745 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, September 6, 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 50 55,397 - 8,371 0 0 19,750 26,878 16 days to 90 days 298 171,654 + 6,755 0 0 0 0 91 days to 1 year 0 185,406 + 910 0 0 . . . . . . Over 1 year to 5 years . . . 213,289 + 713 0 0 . . . . . . Over 5 years to 10 years . . . 59,717 + 4 0 0 . . . . . . Over 10 years . . . 81,294 + 9 0 0 . . . . . . All 348 766,757 + 19 0 0 19,750 26,878 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 September 6, 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 0 2 5 4 7 4 1 6 9 6 9 1 0 4 9 8 3 9 3 2 6 4 7 7 115 Securities, repurchase agreements, and loans 786,8 5 5 36,5 8 8 303,5 4 8 33,2 8 9 33,1 0 8 63,6 9 5 64,2 0 4 70,4 9 4 24,4 3 2 15,6 9 9 22,4 9 9 34,4 1 8 84,880 Securities held outright 766,7 5 7 36,5 8 8 283,7 9 8 33,2 8 9 33,1 0 8 63,6 9 5 64,1 9 0 70,4 0 4 24,3 6 1 15,5 8 8 22,4 5 2 34,4 1 1 84,872 U.S. Treasury1 766,7 5 7 36,5 8 8 283,7 9 8 33,2 8 9 33,1 0 8 63,6 9 5 64,1 9 0 70,4 0 4 24,3 6 1 15,5 8 8 22,4 5 2 34,4 1 1 84,872 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 3 8 23,3 7 0 181,2 6 6 21,2 6 2 21,1 4 7 40,6 8 3 40,9 9 9 44,9 6 8 15,5 6 0 9,9 5 6 14,3 4 1 21,9 7 9 54,209 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 4 8 0 0 0 0 0 1 4 9 0 7 1 1 1 2 4 7 7 7 Items in process of collection 15,7 1 6 7 3 2 9 0 0 1,6 9 7 3,2 9 7 9 5 0 1,3 4 6 8 7 3 3 9 8 4 3 1 8 7 1 8 9 4 3,326 Bank premises 1,8 8 2 1 1 2 2 0 7 5 7 1 5 7 1 5 9 2 3 0 2 0 9 7 2 1 1 7 1 2 9 2 5 8 174 Other assets5 36,9 6 9 1,1 4 7 13,3 3 3 1,8 4 9 2,1 9 2 6,7 8 0 2,5 9 6 2,5 9 4 6 9 1 6 6 9 6 7 6 8 8 0 3,561 Interdistrict settlement account 0 - 1,2 7 0 + 2,6 2 1 + 3 0 0 - 2,6 0 8 + 5,7 9 3 + 6,6 7 6 - 9,6 2 6 - 6 0 7 - 3 4 2 + 1,0 8 7 - 1,7 6 7 - 258 Total assets 855,4 3 9 37,9 3 6 325,6 7 0 37,7 7 9 36,7 6 5 78,4 4 6 76,3 4 5 65,8 0 2 25,4 2 4 16,8 4 7 25,7 1 6 35,4 3 4 93,275 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 September 6, 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 931,8 5 1 38,1 9 4 348,5 7 3 39,1 8 3 37,1 2 5 74,2 3 8 93,7 4 6 73,1 9 2 27,2 1 1 17,1 8 9 27,2 5 8 50,0 1 7 105,926 Less: notes held by F.R. Banks 169,6 5 4 3,8 4 1 49,9 4 3 7,3 6 3 5,9 9 6 12,8 2 1 24,6 3 9 14,1 7 8 3,8 7 2 2,3 0 3 3,9 4 1 17,8 1 7 22,942 Federal Reserve notes, net 762,1 9 7 34,3 5 3 298,6 3 0 31,8 2 0 31,1 2 8 61,4 1 7 69,1 0 7 59,0 1 4 23,3 3 9 14,8 8 6 23,3 1 8 32,2 0 0 82,985 Reverse repurchase agreements1 26,8 7 8 1,2 8 3 9,9 4 8 1,1 6 7 1,1 6 1 2,2 3 3 2,2 5 0 2,4 6 8 8 5 4 5 4 6 7 8 7 1,2 0 6 2,975 Deposits 21,5 6 5 5 9 4 7,3 0 0 5 1 7 9 9 9 5,2 8 1 1,4 2 2 1,2 4 2 4 7 5 3 3 4 4 8 4 6 6 2 2,254 Depository institutions 16,8 1 1 5 9 2 2,6 5 3 5 1 4 9 9 6 5,1 9 8 1,4 2 0 1,2 3 9 4 7 1 3 3 3 4 8 2 6 6 2 2,250 U.S. Treasury, general account 4,3 7 3 0 4,3 7 3 0 0 0 0 0 0 0 0 0 0 Foreign official 1 0 4 1 7 5 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 7 0 1 9 9 0 0 7 2 0 0 3 0 1 0 0 Deferred availability cash items 9,3 4 5 6 5 2 3 5 2 1,1 6 4 9 4 6 9 0 9 8 9 3 8 1 8 2 3 2 4 4 2 5 8 8 6 6 6 1,683 Other liabilities and accrued dividends2 5,3 3 9 2 6 2 1,7 9 3 2 5 3 2 5 8 5 2 7 4 5 7 4 8 3 1 9 6 1 3 8 1 7 6 2 5 3 542 Total liabilities 825,3 2 3 37,1 4 3 318,0 2 3 34,9 2 1 34,4 9 3 70,3 6 6 74,1 2 9 64,0 2 5 25,0 9 6 16,3 4 7 25,3 5 2 34,9 8 8 90,439 Capital Capital paid in 15,0 6 4 3 8 3 3,6 9 1 1,7 4 8 1,1 2 6 4,0 1 9 1,0 8 4 8 4 1 1 5 6 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 5 1 9 4 2 7 0 3 6 7 1 3 2 7 5 3 2 3 9 5 9 2 8 1 2 1 5 8 2 99 Total liabilities and capital 855,4 3 9 37,9 3 6 325,6 7 0 37,7 7 9 36,7 6 5 78,4 4 6 76,3 4 5 65,8 0 2 25,4 2 4 16,8 4 7 25,7 1 6 35,4 3 4 93,275 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 Sep 6, 2006 Federal Reserve notes outstanding 931,851 Less: Notes held by F.R. Banks not subject to collateralization 169,654 Federal Reserve notes to be collateralized 762,197 Collateral held against Federal Reserve notes 762,197 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 748,960 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 786,507 Less: face value of securities under reverse repurchase agreements 26,917 U.S. Treasury and agency securities eligible to be pledged 759,590 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.