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 October 12, 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 Oct 11, 2006 Oct 4, 2006 Oct 12, 2005 Oct 11, 2006 Reserve Bank credit 831,100 + 1,539 + 29,732 842,605 Securities held outright 768,941 + 15 + 31,281 768,945 U.S. Treasury1 768,941 + 15 + 31,281 768,945 Bills2 277,019 0 + 7,191 277,019 Notes and bonds, nominal2 461,791 0 + 16,901 461,791 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 26,019 Inflation compensation3 4,113 + 15 + 1,155 4,117 Federal agency2 0 0 0 0 Repurchase agreements4 22,250 + 1,036 + 107 28,250 Loans to depository institutions 246 - 97 - 23 234 Primary credit 5 - 35 - 4 13 Secondary credit 0 0 0 0 Seasonal credit 242 - 61 - 18 221 Float 42 + 393 - 1,683 4,993 Other Federal Reserve assets 39,621 + 191 + 50 40,183 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,166 + 14 + 1,737 38,166 Total factors supplying reserve funds 882,506 + 1,552 + 31,468 894,012 Currency in circulation5 795,842 + 3,988 + 24,700 796,532 Reverse repurchase agreements6 29,975 - 523 + 3,874 30,614 Foreign official and international accounts 29,975 - 523 + 3,874 30,614 Dealers 0 0 0 0 Treasury cash holdings 155 + 4 - 66 163 Deposits with F.R. Banks, other than reserve balances 12,566 - 1,450 - 1,464 11,474 U.S. Treasury, general account 5,174 - 1,476 + 387 4,103 Foreign official 90 - 4 + 5 90 Service-related 6,992 - 1 - 1,871 6,992 Required clearing balances 6,992 - 1 - 1,871 6,992 Adjustments to compensate for float 0 0 0 0 Other 310 + 30 + 14 288 Other liabilities and capital 36,048 + 32 + 4,485 35,633 Total factors, other than reserve balances, absorbing reserve funds 874,586 + 2,051 + 31,529 874,415 Reserve balances with Federal Reserve Banks 7,920 - 499 - 61 19,596 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,687,188 + 12,524 + 220,128 1,689,338 U.S. Treasury 1,146,344 + 14,979 + 59,850 1,150,215 Federal agency 540,845 - 2,453 + 160,279 539,123 Securities lent to dealers 1,166 - 443 - 2,707 1,056 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 Oct 11, 2006 Oct 4, 2006 Oct 12, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 836 - 12 + 127 Securities, repurchase agreements, and loans 797,429 + 9,981 + 39,247 Securities held outright 768,945 + 13 + 31,273 U.S. Treasury1 768,945 + 13 + 31,273 Bills2 277,019 0 + 7,187 Notes and bonds, nominal2 461,791 0 + 16,901 Notes and bonds, inflation-indexed2 26,019 0 + 6,036 Inflation compensation3 4,117 + 13 + 1,151 Federal agency2 0 0 0 Repurchase agreements4 28,250 + 10,000 + 8,000 Loans 234 - 33 - 26 Items in process of collection (2,028) 11,816 + 6,817 - 5,090 Bank premises 1,901 0 + 62 Other assets5 38,102 + 235 + 227 Total assets (2,028) 863,320 + 17,020 + 34,571 Liabilities Federal Reserve notes, net of F.R. Bank holdings 759,361 + 2,268 + 23,310 Reverse repurchase agreements6 30,614 + 1,402 + 4,333 Deposits (0) 30,890 + 11,367 + 6,833 Depository institutions 26,408 + 13,533 + 7,992 U.S. Treasury, general account 4,103 - 2,119 - 1,162 Foreign official 90 - 2 + 12 Other (0) 288 - 46 - 9 Deferred availability cash items (2,028) 6,823 + 1,972 - 4,237 Other liabilities and accrued dividends7 5,513 + 111 + 1,561 Total liabilities (2,028) 833,200 + 17,120 + 31,798 Capital accounts Capital paid in 15,077 0 + 1,648 Surplus 12,901 0 + 1,271 Other capital accounts 2,142 - 100 - 146 Total capital 30,120 - 100 + 2,773 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, October 11, 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 30 53,745 - 889 0 0 28,250 30,614 16 days to 90 days 204 170,639 + 627 0 0 0 0 91 days to 1 year 0 186,943 + 263 0 0 . . . . . . Over 1 year to 5 years . . . 215,774 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 60,282 + 3 0 0 . . . . . . Over 10 years . . . 81,563 + 6 0 0 . . . . . . All 234 768,945 + 13 0 0 28,250 30,614 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 October 11, 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 6 2 3 4 6 5 7 7 6 7 7 1 0 9 1 0 0 4 1 2 9 6 1 8 3 133 Securities, repurchase agreements, and loans 797,4 2 9 36,6 9 6 312,8 6 8 33,3 8 4 33,2 0 3 63,8 7 6 64,3 8 1 70,6 8 2 24,4 5 4 15,7 0 5 22,5 4 9 34,5 1 5 85,115 Securities held outright 768,9 4 5 36,6 9 3 284,6 0 8 33,3 8 4 33,2 0 3 63,8 7 6 64,3 7 4 70,6 0 4 24,4 3 1 15,6 3 2 22,5 1 6 34,5 0 9 85,115 U.S. Treasury1 768,9 4 5 36,6 9 3 284,6 0 8 33,3 8 4 33,2 0 3 63,8 7 6 64,3 7 4 70,6 0 4 24,4 3 1 15,6 3 2 22,5 1 6 34,5 0 9 85,115 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 491,9 2 6 23,4 7 4 182,0 7 5 21,3 5 7 21,2 4 1 40,8 6 4 41,1 8 2 45,1 6 9 15,6 2 9 10,0 0 1 14,4 0 5 22,0 7 7 54,451 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 28,2 5 0 0 28,2 5 0 0 0 0 0 0 0 0 0 0 0 Loans 2 3 4 3 1 0 0 0 0 8 7 8 2 3 7 3 3 3 6 0 Items in process of collection 13,8 4 4 6 9 8 4 2 1 1,1 1 6 1,3 4 0 6 6 6 1,5 8 1 7 9 7 3 5 2 3 8 2 9 4 3 6 9 0 4,860 Bank premises 1,9 0 1 1 1 3 2 0 8 5 7 1 5 7 1 6 2 2 3 0 2 0 9 7 4 1 1 7 1 3 8 2 6 0 176 Other assets5 38,1 0 2 1,2 1 4 13,7 9 8 1,8 0 3 2,2 3 8 6,8 3 3 2,7 1 0 2,7 1 3 7 4 2 6 9 3 7 1 5 9 4 6 3,699 Interdistrict settlement account 0 - 1,2 0 2 - 1,0 9 7 + 7 7 2 - 1,2 1 2 + 6,1 2 5 + 7,5 9 1 - 8,5 1 1 - 7 4 0 - 4 3 6 + 1,6 9 3 - 2,5 9 4 - 389 Total assets 865,3 4 8 38,1 4 2 331,2 5 6 37,7 3 5 36,3 5 2 78,7 3 8 77,7 9 0 67,1 5 0 25,3 2 2 16,7 3 1 26,4 8 9 34,5 7 3 95,070 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 October 11, 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 935,9 3 6 37,9 2 6 347,0 0 3 38,8 1 6 36,8 1 2 74,6 3 7 94,9 7 8 74,9 2 6 26,9 9 6 17,1 1 0 27,7 0 7 50,2 0 1 108,825 Less: notes held by F.R. Banks 176,5 7 5 3,9 7 1 52,8 3 0 7,6 0 8 5,9 3 2 12,7 1 2 25,2 9 9 15,0 5 6 3,8 0 6 2,5 8 6 3,8 8 5 18,9 0 9 23,980 Federal Reserve notes, net 759,3 6 1 33,9 5 5 294,1 7 2 31,2 0 8 30,8 8 0 61,9 2 5 69,6 7 9 59,8 7 0 23,1 9 0 14,5 2 4 23,8 2 2 31,2 9 1 84,845 Reverse repurchase agreements1 30,6 1 4 1,4 6 1 11,3 3 1 1,3 2 9 1,3 2 2 2,5 4 3 2,5 6 3 2,8 1 1 9 7 3 6 2 2 8 9 6 1,3 7 4 3,389 Deposits 30,8 9 0 1,0 0 5 16,0 9 6 9 0 5 8 6 5 4,6 8 1 2,0 5 3 1,4 0 1 4 2 2 4 3 3 5 0 7 7 0 5 1,816 Depository institutions 26,4 0 8 1,0 0 4 11,7 7 2 9 0 3 8 6 1 4,5 4 6 2,0 5 0 1,3 9 8 4 2 1 4 3 3 5 0 6 7 0 4 1,812 U.S. Treasury, general account 4,1 0 3 0 4,1 0 3 0 0 0 0 0 0 0 0 0 0 Foreign official 9 0 1 6 1 2 3 1 1 3 3 0 1 1 0 4 Other 2 8 8 0 1 6 0 0 1 1 2 5 0 0 0 0 1 0 0 Deferred availability cash items 8,8 5 1 6 4 6 2 2 9 1,1 1 5 7 4 1 8 8 4 8 2 2 8 0 7 2 0 7 4 7 0 7 1 8 4 9 8 1,713 Other liabilities and accrued dividends2 5,5 1 3 2 6 6 1,8 4 9 2 6 7 2 7 0 5 5 6 4 6 7 5 0 0 1 9 7 1 4 1 1 8 1 2 5 8 562 Total liabilities 835,2 2 8 37,3 3 3 323,6 7 8 34,8 2 4 34,0 7 8 70,5 8 9 75,5 8 5 65,3 8 9 24,9 8 8 16,1 9 0 26,1 2 4 34,1 2 7 92,324 Capital Capital paid in 15,0 7 7 3 9 0 3,6 9 1 1,6 9 2 1,1 2 9 4,0 8 0 1,0 8 4 8 4 5 1 5 8 2 7 5 1 7 4 2 0 8 1,349 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 4 2 1 0 2 2 0 1 4 7 5 1 3 3 7 6 1 2 2 9 4 0 3 1 2 0 1 6 8 5 47 Total liabilities and capital 865,3 4 8 38,1 4 2 331,2 5 6 37,7 3 5 36,3 5 2 78,7 3 8 77,7 9 0 67,1 5 0 25,3 2 2 16,7 3 1 26,4 8 9 34,5 7 3 95,070 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 Oct 11, 2006 Federal Reserve notes outstanding 935,936 Less: Notes held by F.R. Banks not subject to collateralization 176,575 Federal Reserve notes to be collateralized 759,361 Collateral held against Federal Reserve notes 759,361 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 746,124 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 797,195 Less: face value of securities under reverse repurchase agreements 30,658 U.S. Treasury and agency securities eligible to be pledged 766,537 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.