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 28, 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 27, 2006 Sep 20, 2006 Sep 28, 2005 Sep 27, 2006 Reserve Bank credit 825,247 - 3,693 + 24,667 835,347 Securities held outright 768,908 + 21 + 33,181 768,915 U.S. Treasury1 768,908 + 21 + 33,181 768,915 Bills2 277,019 0 + 7,720 277,019 Notes and bonds, nominal2 461,791 0 + 18,251 461,791 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 26,019 Inflation compensation3 4,080 + 21 + 1,175 4,087 Federal agency2 0 0 0 0 Repurchase agreements4 16,643 - 2,786 - 8,214 27,500 Loans to depository institutions 384 + 29 + 34 366 Primary credit 31 + 20 + 19 11 Secondary credit 0 0 0 0 Seasonal credit 353 + 8 + 14 355 Float -661 - 1,502 - 1,012 -1,467 Other Federal Reserve assets 39,974 + 546 + 680 40,032 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,138 + 14 + 1,709 38,138 Total factors supplying reserve funds 876,625 - 3,679 + 26,376 886,726 Currency in circulation5 790,816 - 1,748 + 24,197 792,276 Reverse repurchase agreements6 28,391 + 894 + 3,623 31,466 Foreign official and international accounts 28,391 + 894 + 3,623 31,466 Dealers 0 0 0 0 Treasury cash holdings 158 - 7 - 94 150 Deposits with F.R. Banks, other than reserve balances 11,607 - 1,859 - 2,329 11,880 U.S. Treasury, general account 4,280 - 1,833 - 1,086 4,585 Foreign official 90 + 1 + 6 91 Service-related 6,968 - 2 - 1,268 6,968 Required clearing balances 6,968 - 2 - 1,268 6,968 Adjustments to compensate for float 0 0 0 0 Other 269 - 25 + 20 236 Other liabilities and capital 36,212 + 273 + 5,150 35,696 Total factors, other than reserve balances, absorbing reserve funds 867,185 - 2,446 + 30,549 871,469 Reserve balances with Federal Reserve Banks 9,441 - 1,232 - 4,172 15,257 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,661,409 - 12,030 + 197,444 1,666,925 U.S. Treasury 1,119,190 - 13,293 + 32,557 1,123,431 Federal agency 542,219 + 1,263 + 164,887 543,494 Securities lent to dealers 1,110 + 579 - 2,504 431 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 27, 2006 Sep 20, 2006 Sep 28, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 858 + 21 + 150 Securities, repurchase agreements, and loans 796,782 + 12,524 + 30,097 Securities held outright 768,915 + 20 + 32,833 U.S. Treasury1 768,915 + 20 + 32,833 Bills2 277,019 0 + 7,532 Notes and bonds, nominal2 461,791 0 + 18,094 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 Inflation compensation3 4,087 + 20 + 1,173 Federal agency2 0 0 0 Repurchase agreements4 27,500 + 12,500 - 2,750 Loans 366 + 3 + 13 Items in process of collection (1,061) 3,141 - 1,176 - 3,052 Bank premises 1,889 + 1 + 51 Other assets5 38,069 + 414 + 572 Total assets (1,061) 853,975 + 11,784 + 27,816 Liabilities Federal Reserve notes, net of F.R. Bank holdings 755,142 - 528 + 22,572 Reverse repurchase agreements6 31,466 + 2,967 + 7,655 Deposits (0) 27,063 + 9,408 - 5,544 Depository institutions 22,151 + 10,074 - 5,651 U.S. Treasury, general account 4,585 - 631 + 106 Foreign official 91 + 6 + 8 Other (0) 236 - 40 - 7 Deferred availability cash items (1,061) 4,607 - 94 - 1,845 Other liabilities and accrued dividends7 5,514 + 69 + 1,685 Total liabilities (1,061) 823,792 + 11,822 + 24,523 Capital accounts Capital paid in 15,067 + 10 + 1,761 Surplus 12,901 0 + 1,278 Other capital accounts 2,214 - 48 + 253 Total capital 30,182 - 38 + 3,292 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 27, 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 349 58,235 - 2,191 0 0 27,500 31,466 16 days to 90 days 17 166,986 + 1,517 0 0 0 0 91 days to 1 year 0 187,242 + 676 0 0 . . . . . . Over 1 year to 5 years . . . 214,627 + 6 0 0 . . . . . . Over 5 years to 10 years . . . 60,276 + 4 0 0 . . . . . . Over 10 years . . . 81,550 + 10 0 0 . . . . . . All 366 768,915 + 20 0 0 27,500 31,466 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 27, 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 5 8 2 4 4 9 5 5 7 8 7 9 1 1 2 1 0 3 4 6 3 1 6 3 8 7 130 Securities, repurchase agreements, and loans 796,7 8 2 36,7 0 2 312,0 9 8 33,3 8 3 33,2 0 2 63,8 7 4 64,3 8 5 70,7 1 9 24,4 7 9 15,7 4 2 22,5 7 0 34,5 1 5 85,114 Securities held outright 768,9 1 5 36,6 9 1 284,5 9 7 33,3 8 3 33,2 0 2 63,8 7 4 64,3 7 1 70,6 0 2 24,4 3 0 15,6 3 2 22,5 1 5 34,5 0 8 85,111 U.S. Treasury1 768,9 1 5 36,6 9 1 284,5 9 7 33,3 8 3 33,2 0 2 63,8 7 4 64,3 7 1 70,6 0 2 24,4 3 0 15,6 3 2 22,5 1 5 34,5 0 8 85,111 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 9 7 23,4 7 3 182,0 6 4 21,3 5 6 21,2 4 0 40,8 6 2 41,1 8 0 45,1 6 6 15,6 2 8 10,0 0 0 14,4 0 4 22,0 7 6 54,448 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 27,5 0 0 0 27,5 0 0 0 0 0 0 0 0 0 0 0 0 Loans 3 6 6 1 0 1 0 0 0 1 4 1 1 7 4 9 1 1 1 5 5 7 3 Items in process of collection 4,2 0 2 2 0 7 - 2 8 6 6 6 2 8 6 3 0 3 5 2 1 2 0 4 1 3 8 8 9 4 2 6 2 3 5 1,155 Bank premises 1,8 8 9 1 1 4 2 0 8 5 7 1 5 8 1 5 9 2 3 0 2 0 8 7 3 1 1 7 1 2 9 2 6 0 176 Other assets5 38,0 6 9 1,2 1 0 13,7 6 7 1,8 3 0 2,2 4 3 6,8 5 1 2,6 7 2 2,7 1 6 7 3 8 6 9 5 7 1 4 9 3 8 3,695 Interdistrict settlement account 0 - 1,5 7 8 - 8 2 8 + 1,5 3 9 + 4 5 8 + 2,1 8 5 + 8,2 4 2 - 9,5 1 6 - 6 9 7 - 8 0 + 1,4 5 1 - 2,5 9 1 + 1,415 Total assets 855,0 3 6 37,2 7 9 330,2 7 9 38,0 7 6 36,9 7 5 74,4 5 1 77,3 5 1 65,5 9 3 25,1 7 6 16,8 3 4 25,7 4 3 34,1 1 7 93,162 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 27, 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 933,4 3 6 37,8 3 5 347,3 9 5 38,9 8 1 36,9 4 7 73,8 9 5 95,2 1 6 73,7 3 6 27,0 2 9 17,1 4 1 27,3 8 0 50,0 4 5 107,837 Less: notes held by F.R. Banks 178,2 9 4 4,2 8 3 51,6 8 7 7,8 7 1 6,3 2 5 13,2 5 9 25,4 0 4 15,0 5 6 3,9 8 0 2,4 5 6 4,1 7 2 19,0 2 1 24,780 Federal Reserve notes, net 755,1 4 2 33,5 5 2 295,7 0 8 31,1 1 0 30,6 2 2 60,6 3 6 69,8 1 2 58,6 8 0 23,0 4 9 14,6 8 5 23,2 0 8 31,0 2 4 83,056 Reverse repurchase agreements1 31,4 6 6 1,5 0 2 11,6 4 7 1,3 6 6 1,3 5 9 2,6 1 4 2,6 3 4 2,8 8 9 1,0 0 0 6 4 0 9 2 1 1,4 1 2 3,483 Deposits 27,0 6 3 8 2 9 13,2 7 4 1,5 0 1 1,7 9 8 1,9 7 6 1,5 6 8 1,4 2 2 4 7 8 5 6 6 5 9 6 6 8 1 2,374 Depository institutions 22,1 5 1 8 2 7 8,4 5 6 1,4 9 8 1,7 9 3 1,9 0 5 1,5 6 5 1,4 1 9 4 7 7 5 6 5 5 9 4 6 8 0 2,370 U.S. Treasury, general account 4,5 8 5 0 4,5 8 5 0 0 0 0 0 0 0 0 0 0 Foreign official 9 1 1 6 2 2 3 1 1 3 3 0 1 1 0 4 Other 2 3 6 0 1 7 0 0 2 6 0 0 0 1 0 1 0 0 Deferred availability cash items 5,6 6 9 3 3 3 1 8 1 9 5 6 6 4 5 5 2 7 6 5 2 3 2 1 1 2 2 2 9 8 4 7 3 2 9 4 867 Other liabilities and accrued dividends2 5,5 1 4 2 7 0 1,8 4 6 2 6 7 2 6 6 5 5 8 4 6 4 5 0 3 1 9 8 1 4 2 1 7 7 2 6 1 560 Total liabilities 824,8 5 3 36,4 8 6 322,6 5 5 35,2 0 0 34,6 9 0 66,3 1 1 75,1 3 0 63,8 1 5 24,8 4 7 16,3 3 2 25,3 7 5 33,6 7 2 90,340 Capital Capital paid in 15,0 6 7 3 8 3 3,6 9 1 1,6 9 2 1,1 2 8 4,0 8 0 1,0 8 4 8 4 2 1 5 8 2 4 4 1 7 5 2 1 1 1,379 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 1 4 9 3 2 4 8 4 4 0 1 4 3 7 5 2 2 4 5 6 0 2 7 1 3 1 9 8 1 94 Total liabilities and capital 855,0 3 6 37,2 7 9 330,2 7 9 38,0 7 6 36,9 7 5 74,4 5 1 77,3 5 1 65,5 9 3 25,1 7 6 16,8 3 4 25,7 4 3 34,1 1 7 93,162 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 27, 2006 Federal Reserve notes outstanding 933,436 Less: Notes held by F.R. Banks not subject to collateralization 178,294 Federal Reserve notes to be collateralized 755,142 Collateral held against Federal Reserve notes 755,142 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 741,905 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 796,415 Less: face value of securities under reverse repurchase agreements 31,511 U.S. Treasury and agency securities eligible to be pledged 764,905 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.