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 19, 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 18, 2006 Oct 11, 2006 Oct 19, 2005 Oct 18, 2006 Reserve Bank credit 831,456 + 352 + 30,511 829,740 Securities held outright 768,577 - 364 + 30,782 766,651 U.S. Treasury1 768,577 - 364 + 30,782 766,651 Bills2 277,019 0 + 7,081 277,019 Notes and bonds, nominal2 460,803 - 988 + 15,913 458,058 Notes and bonds, inflation-indexed2 26,624 + 605 + 6,641 27,430 Inflation compensation3 4,131 + 18 + 1,148 4,143 Federal agency2 0 0 0 0 Repurchase agreements4 22,786 + 536 + 1,572 22,750 Loans to depository institutions 230 - 16 + 4 404 Primary credit 34 + 29 + 24 217 Secondary credit 0 0 0 0 Seasonal credit 197 - 45 - 18 187 Float -460 - 506 - 2,442 -326 Other Federal Reserve assets 40,323 + 702 + 595 40,261 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,109 + 14 + 1,680 38,109 Total factors supplying reserve funds 882,806 + 365 + 32,191 881,090 Currency in circulation5 794,853 - 918 + 25,924 795,848 Reverse repurchase agreements6 31,424 + 1,449 + 5,378 32,895 Foreign official and international accounts 31,424 + 1,449 + 5,378 32,895 Dealers 0 0 0 0 Treasury cash holdings 165 + 10 - 54 180 Deposits with F.R. Banks, other than reserve balances 12,171 - 395 - 1,383 12,834 U.S. Treasury, general account 4,855 - 319 + 300 5,540 Foreign official 104 + 14 + 2 91 Service-related 6,916 - 76 - 1,671 6,916 Required clearing balances 6,916 - 76 - 1,671 6,916 Adjustments to compensate for float 0 0 0 0 Other 297 - 13 - 13 287 Other liabilities and capital 36,080 + 32 + 4,507 35,871 Total factors, other than reserve balances, absorbing reserve funds 874,694 + 178 + 34,373 877,627 Reserve balances with Federal Reserve Banks 8,112 + 187 - 2,182 3,463 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,685,518 - 1,670 + 217,204 1,678,008 U.S. Treasury 1,145,524 - 820 + 57,868 1,138,971 Federal agency 539,994 - 851 + 159,336 539,037 Securities lent to dealers 1,000 - 166 - 2,122 1,128 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 18, 2006 Oct 11, 2006 Oct 19, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 830 - 6 + 112 Securities, repurchase agreements, and loans 789,805 - 7,624 + 35,302 Securities held outright 766,651 - 2,294 + 28,636 U.S. Treasury1 766,651 - 2,294 + 28,636 Bills2 277,019 0 + 6,870 Notes and bonds, nominal2 458,058 - 3,733 + 13,168 Notes and bonds, inflation-indexed2 27,430 + 1,411 + 7,447 Inflation compensation3 4,143 + 26 + 1,150 Federal agency2 0 0 0 Repurchase agreements4 22,750 - 5,500 + 6,500 Loans 404 + 170 + 166 Items in process of collection (1,238) 4,257 - 7,559 - 4,508 Bank premises 1,899 - 2 + 58 Other assets5 38,150 + 48 + 469 Total assets (1,238) 848,178 - 15,142 + 31,433 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,745 - 616 + 25,074 Reverse repurchase agreements6 32,895 + 2,281 + 7,813 Deposits (0) 15,996 - 14,894 - 3,828 Depository institutions 10,079 - 16,329 - 4,881 U.S. Treasury, general account 5,540 + 1,437 + 1,071 Foreign official 91 + 1 + 4 Other (0) 287 - 1 - 21 Deferred availability cash items (1,238) 4,671 - 2,152 - 2,312 Other liabilities and accrued dividends7 5,492 - 21 + 1,555 Total liabilities (1,238) 817,799 - 15,401 + 28,303 Capital accounts Capital paid in 15,096 + 19 + 1,661 Surplus 12,901 0 + 1,271 Other capital accounts 2,382 + 240 + 198 Total capital 30,379 + 259 + 3,130 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 18, 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 403 56,670 + 2,925 0 0 22,750 32,895 16 days to 90 days 2 165,316 - 5,323 0 0 0 0 91 days to 1 year 0 184,182 - 2,761 0 0 . . . . . . Over 1 year to 5 years . . . 217,172 + 1,398 0 0 . . . . . . Over 5 years to 10 years . . . 61,742 + 1,460 0 0 . . . . . . Over 10 years . . . 81,569 + 6 0 0 . . . . . . All 404 766,651 - 2,294 0 0 22,750 32,895 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 18, 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 0 2 2 4 9 5 8 7 5 7 7 1 0 7 9 8 4 0 3 0 6 1 8 0 132 Securities, repurchase agreements, and loans 789,8 0 5 36,5 8 4 306,5 0 8 33,2 8 5 33,1 0 4 63,8 8 6 64,1 8 9 70,4 6 1 24,3 7 2 15,6 4 9 22,4 7 8 34,4 1 2 84,877 Securities held outright 766,6 5 1 36,5 8 3 283,7 5 8 33,2 8 5 33,1 0 4 63,6 8 6 64,1 8 2 70,3 9 4 24,3 5 8 15,5 8 6 22,4 4 9 34,4 0 6 84,861 U.S. Treasury1 766,6 5 1 36,5 8 3 283,7 5 8 33,2 8 5 33,1 0 4 63,6 8 6 64,1 8 2 70,3 9 4 24,3 5 8 15,5 8 6 22,4 4 9 34,4 0 6 84,861 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 489,6 3 2 23,3 6 4 181,2 2 6 21,2 5 8 21,1 4 2 40,6 7 4 40,9 9 0 44,9 5 8 15,5 5 6 9,9 5 4 14,3 3 7 21,9 7 4 54,197 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 22,7 5 0 0 22,7 5 0 0 0 0 0 0 0 0 0 0 0 Loans 4 0 4 0 0 0 0 2 0 0 8 6 8 1 4 6 4 2 8 6 17 Items in process of collection 5,4 9 5 2 3 0 9 0 7 9 1 7 4 4 3 5 6 6 5 9 3 4 7 2 2 0 2 7 8 6 0 5 3 5 6 820 Bank premises 1,8 9 9 1 1 3 2 0 8 5 7 1 5 7 1 6 2 2 3 1 2 0 9 7 4 1 1 7 1 3 4 2 6 0 176 Other assets5 38,1 5 0 1,2 1 9 13,8 2 8 1,8 0 6 2,2 4 2 6,8 4 1 2,6 6 9 2,7 1 5 7 5 5 6 9 9 7 1 8 9 4 9 3,707 Interdistrict settlement account 0 - 1,2 8 9 - 2,8 6 1 + 6 3 5 - 1,0 2 6 + 3,1 2 1 + 7,8 0 8 - 7,9 7 3 - 6 1 3 - 4 6 9 + 2,3 2 9 - 2,5 2 0 + 2,856 Total assets 849,4 1 6 37,4 8 1 322,8 3 5 37,1 7 8 35,8 4 7 75,4 4 2 76,8 5 3 67,0 1 7 25,2 4 7 16,5 4 5 26,7 1 5 34,2 1 0 94,045 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 18, 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 937,4 8 4 37,9 6 9 346,6 1 2 38,7 2 3 36,9 1 8 74,9 6 0 94,8 7 1 75,8 5 6 26,9 5 2 17,1 5 1 28,0 6 1 50,1 6 5 109,246 Less: notes held by F.R. Banks 178,7 3 9 3,9 2 5 52,6 9 8 7,5 7 2 6,3 1 0 12,8 9 6 25,6 9 0 15,5 4 6 3,8 5 0 2,5 9 3 3,8 6 4 19,1 4 5 24,648 Federal Reserve notes, net 758,7 4 5 34,0 4 4 293,9 1 4 31,1 5 1 30,6 0 8 62,0 6 4 69,1 8 0 60,3 1 0 23,1 0 2 14,5 5 7 24,1 9 7 31,0 2 0 84,598 Reverse repurchase agreements1 32,8 9 5 1,5 7 0 12,1 7 5 1,4 2 8 1,4 2 0 2,7 3 3 2,7 5 4 3,0 2 0 1,0 4 5 6 6 9 9 6 3 1,4 7 6 3,641 Deposits 15,9 9 6 4 8 1 7,1 3 6 4 8 0 6 8 9 1,3 8 9 1,5 4 9 1,0 4 5 4 1 5 2 6 5 4 2 6 6 2 4 1,499 Depository institutions 10,0 7 9 4 7 6 1,3 7 7 4 7 7 6 8 5 1,2 5 8 1,5 4 6 1,0 4 2 4 1 1 2 6 4 4 2 4 6 2 4 1,495 U.S. Treasury, general account 5,5 4 0 0 5,5 4 0 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 8 7 4 1 5 7 0 1 1 2 0 0 0 3 0 1 0 0 Deferred availability cash items 5,9 0 9 3 1 0 1 2 0 9 1 5 5 7 7 5 0 7 6 8 3 3 6 5 1 4 3 3 5 8 5 8 0 3 8 8 962 Other liabilities and accrued dividends2 5,4 9 2 2 6 8 1,8 3 9 2 6 8 2 6 8 5 5 1 4 6 4 4 9 7 1 9 5 1 4 3 1 8 0 2 5 7 560 Total liabilities 819,0 3 7 36,6 7 2 315,1 8 4 34,2 4 1 33,5 6 3 67,2 4 5 74,6 2 9 65,2 3 8 24,9 0 0 15,9 9 1 26,3 4 6 33,7 6 6 91,261 Capital Capital paid in 15,0 9 6 3 9 0 3,6 9 1 1,6 9 2 1,1 2 9 4,0 8 1 1,0 8 4 8 4 5 1 5 9 2 7 5 1 7 4 2 0 9 1,366 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 2,3 8 2 1 0 2 2 7 4 5 0 1 1 4 2 8 1 0 2 4 8 5 8 4 5 3 3 2 0 8 3 69 Total liabilities and capital 849,4 1 6 37,4 8 1 322,8 3 5 37,1 7 8 35,8 4 7 75,4 4 2 76,8 5 3 67,0 1 7 25,2 4 7 16,5 4 5 26,7 1 5 34,2 1 0 94,045 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 18, 2006 Federal Reserve notes outstanding 937,484 Less: Notes held by F.R. Banks not subject to collateralization 178,739 Federal Reserve notes to be collateralized 758,745 Collateral held against Federal Reserve notes 758,745 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,508 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 789,401 Less: face value of securities under reverse repurchase agreements 32,948 U.S. Treasury and agency securities eligible to be pledged 756,453 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.