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 21, 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 20, 2006 Sep 13, 2006 Sep 21, 2005 Sep 20, 2006 Reserve Bank credit 828,940 + 2,444 + 28,528 823,499 Securities held outright 768,887 + 1,596 + 35,524 768,895 U.S. Treasury1 768,887 + 1,596 + 35,524 768,895 Bills2 277,019 0 + 9,113 277,019 Notes and bonds, nominal2 461,791 + 1,575 + 19,198 461,791 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 26,019 Inflation compensation3 4,059 + 21 + 1,179 4,067 Federal agency2 0 0 0 0 Repurchase agreements4 19,429 + 1,179 - 8,185 15,000 Loans to depository institutions 355 - 229 + 33 363 Primary credit 11 - 233 + 10 11 Secondary credit 0 0 0 0 Seasonal credit 345 + 5 + 24 352 Float 842 - 411 + 843 -384 Other Federal Reserve assets 39,428 + 311 + 314 39,625 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,124 + 14 + 1,695 38,124 Total factors supplying reserve funds 880,305 + 2,459 + 30,223 874,863 Currency in circulation5 792,564 - 3,637 + 25,487 792,802 Reverse repurchase agreements6 27,497 + 408 + 2,962 28,499 Foreign official and international accounts 27,497 + 408 + 2,962 28,499 Dealers 0 0 0 0 Treasury cash holdings 165 - 11 - 87 160 Deposits with F.R. Banks, other than reserve balances 13,466 + 1,572 - 1,412 12,547 U.S. Treasury, general account 6,113 + 1,364 - 206 5,216 Foreign official 89 - 6 + 7 85 Service-related 6,970 + 182 - 1,267 6,970 Required clearing balances 6,970 + 182 - 1,267 6,970 Adjustments to compensate for float 0 0 0 0 Other 294 + 32 + 54 276 Other liabilities and capital 35,939 + 95 + 4,958 35,666 Total factors, other than reserve balances, absorbing reserve funds 869,631 - 1,571 + 31,907 869,673 Reserve balances with Federal Reserve Banks 10,673 + 4,029 - 1,685 5,190 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,673,439 - 8,691 + 217,099 1,668,440 U.S. Treasury 1,132,483 - 15,166 + 50,391 1,127,801 Federal agency 540,956 + 6,475 + 166,708 540,639 Securities lent to dealers 531 - 3,365 - 5,005 0 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 20, 2006 Sep 13, 2006 Sep 21, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 837 + 28 + 137 Securities, repurchase agreements, and loans 784,258 - 2,639 + 30,290 Securities held outright 768,895 + 21 + 35,507 U.S. Treasury1 768,895 + 21 + 35,507 Bills2 277,019 0 + 9,097 Notes and bonds, nominal2 461,791 0 + 19,198 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 Inflation compensation3 4,067 + 21 + 1,178 Federal agency2 0 0 0 Repurchase agreements4 15,000 - 1,000 - 5,250 Loans 363 - 1,660 + 33 Items in process of collection (1,164) 4,317 - 421 - 3,611 Bank premises 1,888 + 2 + 49 Other assets5 37,655 + 344 + 60 Total assets (1,164) 842,191 - 2,687 + 26,925 Liabilities Federal Reserve notes, net of F.R. Bank holdings 755,670 - 2,872 + 23,776 Reverse repurchase agreements6 28,499 + 1,576 + 4,508 Deposits (0) 17,655 - 1,507 - 4,054 Depository institutions 12,077 - 2,035 - 3,590 U.S. Treasury, general account 5,216 + 526 - 502 Foreign official 85 - 8 + 2 Other (0) 276 + 10 + 36 Deferred availability cash items (1,164) 4,701 - 4 - 2,193 Other liabilities and accrued dividends7 5,445 - 19 + 1,700 Total liabilities (1,164) 811,970 - 2,825 + 23,737 Capital accounts Capital paid in 15,057 - 11 + 1,755 Surplus 12,901 0 + 1,271 Other capital accounts 2,262 + 148 + 160 Total capital 30,220 + 137 + 3,186 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 20, 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 346 60,426 + 6,355 0 0 15,000 28,499 16 days to 90 days 17 165,469 - 7,057 0 0 0 0 91 days to 1 year 0 186,566 + 703 0 0 . . . . . . Over 1 year to 5 years . . . 214,621 + 6 0 0 . . . . . . Over 5 years to 10 years . . . 60,272 + 3 0 0 . . . . . . Over 10 years . . . 81,540 + 9 0 0 . . . . . . All 363 768,895 + 21 0 0 15,000 28,499 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 20, 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 3 7 2 5 5 1 5 0 7 7 7 8 1 1 0 1 0 4 4 2 3 1 6 2 7 9 128 Securities, repurchase agreements, and loans 784,2 5 8 36,7 0 0 299,5 8 9 33,3 8 2 33,2 0 1 63,8 7 3 64,3 8 4 70,7 0 2 24,4 8 5 15,7 4 1 22,5 7 2 34,5 1 3 85,115 Securities held outright 768,8 9 5 36,6 9 0 284,5 8 9 33,3 8 2 33,2 0 1 63,8 7 2 64,3 6 9 70,6 0 0 24,4 2 9 15,6 3 1 22,5 1 5 34,5 0 7 85,109 U.S. Treasury1 768,8 9 5 36,6 9 0 284,5 8 9 33,3 8 2 33,2 0 1 63,8 7 2 64,3 6 9 70,6 0 0 24,4 2 9 15,6 3 1 22,5 1 5 34,5 0 7 85,109 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 7 6 23,4 7 2 182,0 5 7 21,3 5 5 21,2 3 9 40,8 6 0 41,1 7 8 45,1 6 4 15,6 2 8 10,0 0 0 14,4 0 3 22,0 7 5 54,446 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 15,0 0 0 0 15,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 6 3 1 0 0 0 0 1 1 4 1 0 3 5 6 1 1 0 5 8 6 5 Items in process of collection 5,4 8 1 2 5 3 7 8 1,3 0 5 4 7 4 3 5 7 4 4 2 1 0 7 1 9 8 2 6 6 6 0 9 3 6 3 1,029 Bank premises 1,8 8 8 1 1 3 2 0 8 5 7 1 5 7 1 6 0 2 3 1 2 0 8 7 2 1 1 7 1 2 9 2 5 9 177 Other assets5 37,6 5 5 1,1 8 8 13,6 2 3 1,8 1 2 2,2 2 5 6,8 3 1 2,6 2 7 2,6 6 4 7 2 6 6 8 5 7 0 1 9 2 2 3,651 Interdistrict settlement account 0 - 1,4 1 4 + 6,2 7 4 + 1 5 - 1,0 1 3 + 2,0 1 5 + 7,2 8 2 -10,3 2 5 - 7 1 4 - 5 3 5 + 1,0 4 4 - 2,9 5 3 + 324 Total assets 843,3 5 5 37,4 6 6 324,8 3 6 37,1 6 7 35,6 7 1 74,3 1 5 76,2 6 5 64,6 1 9 25,2 0 9 16,5 4 6 25,5 0 8 33,8 5 5 91,899 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 20, 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 932,9 0 8 38,0 6 4 348,1 2 5 39,1 1 9 37,0 2 0 74,1 2 7 94,4 7 8 73,4 1 9 27,1 2 5 17,2 2 3 27,3 6 0 49,8 6 7 106,982 Less: notes held by F.R. Banks 177,2 3 8 4,0 6 2 50,9 0 7 7,7 6 0 6,4 9 1 13,3 2 0 25,4 7 6 14,8 9 2 4,0 3 5 2,4 7 6 4,2 5 0 19,0 2 4 24,545 Federal Reserve notes, net 755,6 7 0 34,0 0 1 297,2 1 7 31,3 6 0 30,5 2 9 60,8 0 7 69,0 0 2 58,5 2 7 23,0 9 0 14,7 4 7 23,1 1 0 30,8 4 2 82,436 Reverse repurchase agreements1 28,4 9 9 1,3 6 0 10,5 4 8 1,2 3 7 1,2 3 1 2,3 6 7 2,3 8 6 2,6 1 7 9 0 5 5 7 9 8 3 5 1,2 7 9 3,155 Deposits 17,6 5 5 6 6 2 7,4 8 3 4 5 3 7 9 1 1,9 9 3 1,5 7 1 9 1 6 4 8 4 2 5 0 4 6 9 6 8 9 1,894 Depository institutions 12,0 7 7 6 6 0 2,0 3 8 4 5 0 7 8 5 1,9 1 7 1,5 6 6 9 1 3 4 5 4 2 4 9 4 6 8 6 8 8 1,890 U.S. Treasury, general account 5,2 1 6 0 5,2 1 6 0 0 0 0 0 0 0 0 0 0 Foreign official 8 5 1 5 6 2 3 1 1 3 3 0 1 1 0 4 Other 2 7 6 1 1 7 3 0 3 6 5 2 0 3 0 0 1 0 0 Deferred availability cash items 5,8 6 5 3 8 3 1 0 8 9 4 8 5 7 3 5 2 2 6 1 8 2 8 7 1 9 2 3 2 6 5 5 0 3 3 7 1,022 Other liabilities and accrued dividends2 5,4 4 5 2 6 5 1,8 3 4 2 6 1 2 6 4 5 3 5 4 6 2 4 9 5 1 9 7 1 4 2 1 7 7 2 5 7 557 Total liabilities 813,1 3 4 36,6 7 1 317,1 9 1 34,2 5 8 33,3 8 8 66,2 2 4 74,0 4 0 62,8 4 2 24,8 6 8 16,0 4 4 25,1 4 1 33,4 0 4 89,064 Capital Capital paid in 15,0 5 7 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 2 1 5 8 2 4 4 1 7 3 2 1 1 1,376 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 2,2 6 2 9 6 2 7 0 4 1 5 1 4 2 7 6 4 2 4 8 6 0 3 9 1 3 1 9 8 7 110 Total liabilities and capital 843,3 5 5 37,4 6 6 324,8 3 6 37,1 6 7 35,6 7 1 74,3 1 5 76,2 6 5 64,6 1 9 25,2 0 9 16,5 4 6 25,5 0 8 33,8 5 5 91,899 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 20, 2006 Federal Reserve notes outstanding 932,908 Less: Notes held by F.R. Banks not subject to collateralization 177,238 Federal Reserve notes to be collateralized 755,670 Collateral held against Federal Reserve notes 755,670 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 742,433 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 783,895 Less: face value of securities under reverse repurchase agreements 28,539 U.S. Treasury and agency securities eligible to be pledged 755,356 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.