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 14, 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 13, 2006 Sep 6, 2006 Sep 14, 2005 Sep 13, 2006 Reserve Bank credit 826,496 - 5,609 + 25,932 826,209 Securities held outright 767,291 + 540 + 34,898 768,874 U.S. Treasury1 767,291 + 540 + 34,898 768,874 Bills2 277,019 0 + 9,205 277,019 Notes and bonds, nominal2 460,216 + 521 + 18,408 461,791 Notes and bonds, inflation-indexed2 26,019 0 + 6,100 26,019 Inflation compensation3 4,038 + 19 + 1,186 4,046 Federal agency2 0 0 0 0 Repurchase agreements4 18,250 - 8,107 - 9,786 16,000 Loans to depository institutions 584 + 239 + 272 2,023 Primary credit 244 + 241 + 241 1,677 Secondary credit 0 0 0 0 Seasonal credit 340 - 1 + 31 346 Float 1,254 + 1,410 + 434 33 Other Federal Reserve assets 39,117 + 309 + 113 39,278 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,110 + 14 + 1,681 38,110 Total factors supplying reserve funds 877,847 - 5,595 + 27,613 877,559 Currency in circulation5 796,201 - 2,372 + 27,093 795,680 Reverse repurchase agreements6 27,089 + 38 + 1,854 26,923 Foreign official and international accounts 27,089 + 38 + 1,854 26,923 Dealers 0 0 0 0 Treasury cash holdings 176 + 4 - 78 166 Deposits with F.R. Banks, other than reserve balances 11,894 - 31 - 2,336 11,838 U.S. Treasury, general account 4,749 + 218 - 224 4,690 Foreign official 95 + 3 + 4 93 Service-related 6,788 - 3 - 2,094 6,788 Required clearing balances 6,788 - 3 - 2,094 6,788 Adjustments to compensate for float 0 0 0 0 Other 262 - 250 - 22 266 Other liabilities and capital 35,844 - 8 + 4,561 35,547 Total factors, other than reserve balances, absorbing reserve funds 871,202 - 2,372 + 31,092 870,154 Reserve balances with Federal Reserve Banks 6,645 - 3,223 - 3,479 7,406 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,682,130 + 1,758 + 222,400 1,681,477 U.S. Treasury 1,147,649 + 3,002 + 56,674 1,143,934 Federal agency 534,481 - 1,244 + 165,726 537,542 Securities lent to dealers 3,896 + 597 - 1,696 2,393 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 13, 2006 Sep 6, 2006 Sep 14, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 809 + 29 + 142 Securities, repurchase agreements, and loans 786,897 + 42 + 21,296 Securities held outright 768,874 + 2,117 + 35,606 U.S. Treasury1 768,874 + 2,117 + 35,606 Bills2 277,019 0 + 9,193 Notes and bonds, nominal2 461,791 + 2,096 + 19,198 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 Inflation compensation3 4,046 + 21 + 1,181 Federal agency2 0 0 0 Repurchase agreements4 16,000 - 3,750 - 16,000 Loans 2,023 + 1,675 + 1,690 Items in process of collection (1,130) 4,738 - 8,052 - 2,456 Bank premises 1,886 + 4 + 52 Other assets5 37,311 + 342 - 73 Total assets (1,130) 844,878 - 7,634 + 18,961 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,542 - 3,655 + 25,038 Reverse repurchase agreements6 26,923 + 45 + 963 Deposits (0) 19,162 - 2,403 - 9,556 Depository institutions 14,112 - 2,699 - 8,946 U.S. Treasury, general account 4,690 + 317 - 629 Foreign official 93 - 11 + 10 Other (0) 266 - 11 + 8 Deferred availability cash items (1,130) 4,705 - 1,713 - 2,223 Other liabilities and accrued dividends7 5,464 + 125 + 1,713 Total liabilities (1,130) 814,795 - 7,602 + 15,934 Capital accounts Capital paid in 15,068 + 4 + 1,771 Surplus 12,901 0 + 1,271 Other capital accounts 2,114 - 37 - 15 Total capital 30,083 - 33 + 3,027 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 13, 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 1,731 54,071 - 1,326 0 0 16,000 26,923 16 days to 90 days 292 172,526 + 872 0 0 0 0 91 days to 1 year 0 185,863 + 457 0 0 . . . . . . Over 1 year to 5 years . . . 214,615 + 1,326 0 0 . . . . . . Over 5 years to 10 years . . . 60,269 + 552 0 0 . . . . . . Over 10 years . . . 81,531 + 237 0 0 . . . . . . All 2,023 768,874 + 2,117 0 0 16,000 26,923 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 13, 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 8 0 9 2 4 4 9 4 5 7 1 7 5 1 0 6 1 0 3 3 9 3 1 6 3 7 8 124 Securities, repurchase agreements, and loans 786,8 9 7 36,6 9 4 301,7 4 5 33,3 8 1 33,7 0 5 63,8 7 1 64,3 8 0 70,6 9 4 24,4 9 3 15,7 4 0 22,5 6 7 34,5 1 2 85,113 Securities held outright 768,8 7 4 36,6 8 9 284,5 8 1 33,3 8 1 33,2 0 0 63,8 7 0 64,3 6 8 70,5 9 8 24,4 2 8 15,6 3 1 22,5 1 4 34,5 0 6 85,107 U.S. Treasury1 768,8 7 4 36,6 8 9 284,5 8 1 33,3 8 1 33,2 0 0 63,8 7 0 64,3 6 8 70,5 9 8 24,4 2 8 15,6 3 1 22,5 1 4 34,5 0 6 85,107 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 491,8 5 5 23,4 7 1 182,0 4 9 21,3 5 4 21,2 3 8 40,8 5 8 41,1 7 7 45,1 6 2 15,6 2 7 9,9 9 9 14,4 0 3 22,0 7 4 54,444 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 16,0 0 0 0 16,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 2,0 2 3 5 1,1 6 4 0 5 0 5 1 1 2 9 6 6 5 1 1 0 5 3 6 7 Items in process of collection 5,8 6 9 2 6 6 1 4 5 6 4 7 4 4 0 3 6 4 5 7 3 2 3 5 1 9 6 2 4 2 5 8 7 6 3 2 1,542 Bank premises 1,8 8 6 1 1 3 2 0 8 5 7 1 5 7 1 6 0 2 3 1 2 0 9 7 2 1 1 7 1 2 9 2 5 9 174 Other assets5 37,3 1 1 1,1 6 9 13,4 8 5 1,7 9 7 2,2 0 6 6,7 9 1 2,6 4 8 2,6 3 4 7 0 5 6 7 7 6 8 8 9 0 3 3,607 Interdistrict settlement account 0 - 1,2 1 4 + 3,9 4 8 + 1,4 5 5 - 1,0 6 8 + 3,0 3 5 + 7,0 3 2 - 9,9 4 9 - 6 5 8 - 4 1 9 + 1,1 8 8 - 2,6 5 9 - 692 Total assets 846,0 0 8 37,6 5 5 324,5 9 3 37,9 2 9 36,0 6 1 75,2 9 6 76,1 5 8 65,0 8 4 25,2 4 7 16,6 3 0 25,6 1 2 34,3 9 8 91,345 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 13, 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 932,7 6 3 38,1 3 2 348,5 8 2 39,1 7 1 37,1 0 1 74,2 2 9 94,1 6 2 73,3 9 2 27,1 6 6 17,2 0 6 27,3 5 9 50,0 0 9 106,254 Less: notes held by F.R. Banks 174,2 2 1 3,9 0 3 50,5 0 6 7,6 1 0 6,2 6 5 13,1 1 0 25,1 7 6 14,7 1 7 3,9 3 2 2,3 6 9 4,1 9 8 18,5 3 6 23,898 Federal Reserve notes, net 758,5 4 2 34,2 2 9 298,0 7 6 31,5 6 1 30,8 3 6 61,1 1 9 68,9 8 6 58,6 7 5 23,2 3 4 14,8 3 7 23,1 6 0 31,4 7 2 82,356 Reverse repurchase agreements1 26,9 2 3 1,2 8 5 9,9 6 5 1,1 6 9 1,1 6 3 2,2 3 6 2,2 5 4 2,4 7 2 8 5 5 5 4 7 7 8 8 1,2 0 8 2,980 Deposits 19,1 6 2 6 5 2 6,9 6 1 1,3 5 0 9 7 5 2,8 3 3 1,5 5 3 1,2 6 4 5 1 1 2 2 7 5 7 6 6 4 2 1,619 Depository institutions 14,1 1 2 6 5 0 2,0 4 5 1,3 4 8 9 7 0 2,7 5 5 1,5 4 7 1,2 6 1 4 7 9 2 2 6 5 7 4 6 4 2 1,615 U.S. Treasury, general account 4,6 9 0 0 4,6 9 0 0 0 0 0 0 0 0 0 0 0 Foreign official 9 3 1 6 4 2 3 1 1 3 3 0 1 1 0 4 Other 2 6 6 0 1 6 1 0 2 6 7 3 0 3 1 0 1 0 0 Deferred availability cash items 5,8 3 6 4 2 9 1 4 7 7 0 6 5 4 8 5 1 2 6 8 4 4 0 8 1 1 9 3 7 6 5 4 3 3 6 5 998 Other liabilities and accrued dividends2 5,4 6 4 2 6 5 1,8 3 5 2 6 1 2 6 5 5 4 0 4 6 5 4 9 8 1 9 7 1 4 3 1 7 9 2 5 8 558 Total liabilities 815,9 2 6 36,8 5 9 316,9 8 4 35,0 4 7 33,7 8 6 67,2 4 0 73,9 4 2 63,3 1 8 24,9 1 6 16,1 3 0 25,2 4 6 33,9 4 6 88,511 Capital Capital paid in 15,0 6 8 3 8 3 3,6 9 1 1,7 4 9 1,1 2 8 4,0 1 9 1,0 8 4 8 4 1 1 5 6 2 4 4 1 7 3 2 1 1 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 2,1 1 4 9 6 2 3 3 3 8 9 1 3 3 7 3 0 2 4 0 4 8 3 1 1 0 1 8 8 9 97 Total liabilities and capital 846,0 0 8 37,6 5 5 324,5 9 3 37,9 2 9 36,0 6 1 75,2 9 6 76,1 5 8 65,0 8 4 25,2 4 7 16,6 3 0 25,6 1 2 34,3 9 8 91,345 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 13, 2006 Federal Reserve notes outstanding 932,763 Less: Notes held by F.R. Banks not subject to collateralization 174,221 Federal Reserve notes to be collateralized 758,542 Collateral held against Federal Reserve notes 758,542 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,305 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 784,874 Less: face value of securities under reverse repurchase agreements 26,959 U.S. Treasury and agency securities eligible to be pledged 757,915 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.