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 26, 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 25, 2006 Oct 18, 2006 Oct 26, 2005 Oct 25, 2006 Reserve Bank credit 830,809 - 647 + 32,877 838,510 Securities held outright 767,413 - 1,164 + 29,131 768,422 U.S. Treasury1 767,413 - 1,164 + 29,131 768,422 Bills2 277,019 0 + 6,763 277,019 Notes and bonds, nominal2 458,811 - 1,992 + 13,778 459,815 Notes and bonds, inflation-indexed2 27,430 + 806 + 7,447 27,430 Inflation compensation3 4,152 + 21 + 1,143 4,157 Federal agency2 0 0 0 0 Repurchase agreements4 22,893 + 107 + 3,822 30,000 Loans to depository institutions 174 - 56 - 48 172 Primary credit 9 - 25 - 31 6 Secondary credit 0 0 0 0 Seasonal credit 165 - 32 - 18 166 Float -402 + 58 - 867 -877 Other Federal Reserve assets 40,732 + 409 + 842 40,794 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding5 38,123 + 14 + 1,694 38,123 Total factors supplying reserve funds 882,173 - 633 + 34,572 889,875 Currency in circulation5 794,149 - 704 + 26,339 795,587 Reverse repurchase agreements6 30,721 - 703 + 6,503 31,151 Foreign official and international accounts 30,721 - 703 + 6,503 31,151 Dealers 0 0 0 0 Treasury cash holdings 180 + 15 - 40 179 Deposits with F.R. Banks, other than reserve balances 12,471 + 300 - 1,670 12,643 U.S. Treasury, general account 5,178 + 323 + 29 5,346 Foreign official 89 - 15 - 7 90 Service-related 6,914 - 2 - 1,673 6,914 Required clearing balances 6,914 - 2 - 1,673 6,914 Adjustments to compensate for float 0 0 0 0 Other 290 - 7 - 20 293 Other liabilities and capital 36,417 + 337 + 4,744 36,030 Total factors, other than reserve balances, absorbing reserve funds 873,937 - 757 + 35,874 875,589 Reserve balances with Federal Reserve Banks 8,236 + 124 - 1,302 14,285 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts2,7 1,685,630 + 112 + 209,274 1,691,926 U.S. Treasury 1,141,536 - 3,988 + 53,821 1,142,934 Federal agency 544,094 + 4,100 + 155,454 548,992 Securities lent to dealers 1,663 + 663 - 2,843 219 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 25, 2006 Oct 18, 2006 Oct 26, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 831 + 1 + 104 Securities, repurchase agreements, and loans 798,593 + 8,788 + 37,126 Securities held outright 768,422 + 1,771 + 28,880 U.S. Treasury1 768,422 + 1,771 + 28,880 Bills2 277,019 0 + 6,370 Notes and bonds, nominal2 459,815 + 1,757 + 13,925 Notes and bonds, inflation-indexed2 27,430 0 + 7,447 Inflation compensation3 4,157 + 14 + 1,138 Federal agency2 0 0 0 Repurchase agreements4 30,000 + 7,250 + 8,250 Loans 172 - 232 - 4 Items in process of collection (1,033) 3,376 - 881 - 2,810 Bank premises 1,902 + 3 + 58 Other assets5 38,681 + 531 + 538 Total assets (1,033) 856,620 + 8,442 + 35,016 Liabilities Federal Reserve notes, net of F.R. Bank holdings 758,469 - 276 + 24,838 Reverse repurchase agreements6 31,151 - 1,744 + 7,497 Deposits (0) 26,736 + 10,740 + 37 Depository institutions 21,006 + 10,927 - 498 U.S. Treasury, general account 5,346 - 194 + 619 Foreign official 90 - 1 - 75 Other (0) 293 + 6 - 10 Deferred availability cash items (1,033) 4,235 - 436 - 1,899 Other liabilities and accrued dividends7 5,530 + 38 + 1,522 Total liabilities (1,033) 826,121 + 8,322 + 31,995 Capital accounts Capital paid in 15,099 + 3 + 1,648 Surplus 12,901 0 + 1,271 Other capital accounts 2,499 + 117 + 102 Total capital 30,500 + 121 + 3,022 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 25, 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 168 57,745 + 1,075 0 0 30,000 31,151 16 days to 90 days 4 163,996 - 1,320 0 0 0 0 91 days to 1 year 0 186,185 + 2,003 0 0 . . . . . . Over 1 year to 5 years . . . 217,176 + 4 0 0 . . . . . . Over 5 years to 10 years . . . 61,745 + 3 0 0 . . . . . . Over 10 years . . . 81,575 + 6 0 0 . . . . . . All 172 768,422 + 1,771 0 0 30,000 31,151 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 25, 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 1 2 3 4 5 6 0 7 8 7 7 1 0 7 9 7 3 9 3 0 6 2 8 0 134 Securities, repurchase agreements, and loans 798,5 9 3 36,6 6 8 314,4 1 4 33,3 6 2 33,1 8 0 63,8 3 3 64,3 3 7 70,6 1 8 24,4 2 0 15,6 8 3 22,5 3 3 34,4 8 9 85,057 Securities held outright 768,4 2 2 36,6 6 8 284,4 1 4 33,3 6 2 33,1 8 0 63,8 3 3 64,3 3 0 70,5 5 6 24,4 1 4 15,6 2 2 22,5 0 1 34,4 8 6 85,057 U.S. Treasury1 768,4 2 2 36,6 6 8 284,4 1 4 33,3 6 2 33,1 8 0 63,8 3 3 64,3 3 0 70,5 5 6 24,4 1 4 15,6 2 2 22,5 0 1 34,4 8 6 85,057 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 491,4 0 3 23,4 4 9 181,8 8 2 21,3 3 5 21,2 1 9 40,8 2 1 41,1 3 9 45,1 2 1 15,6 1 3 9,9 9 0 14,3 8 9 22,0 5 4 54,393 Federal agency2 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements4 30,0 0 0 0 30,0 0 0 0 0 0 0 0 0 0 0 0 0 Loans 1 7 2 0 0 0 0 0 7 6 2 6 6 1 3 2 3 0 Items in process of collection 4,4 0 9 1 7 4 9 3 5 4 5 5 0 4 3 0 1 4 7 8 3 1 4 1 2 2 2 1 1 4 1 7 2 6 5 984 Bank premises 1,9 0 2 1 1 4 2 0 8 5 7 1 5 8 1 6 1 2 3 1 2 0 9 7 5 1 1 7 1 3 4 2 6 0 178 Other assets5 38,6 8 1 1,2 4 2 14,0 0 5 1,8 3 2 2,2 6 9 6,8 8 6 2,7 2 8 2,7 6 8 7 7 1 7 1 0 7 3 4 9 7 1 3,764 Interdistrict settlement account 0 - 1,4 7 2 - 8,8 7 4 + 9 2 6 - 5 2 5 + 7,9 8 0 + 7,7 3 4 - 7,6 0 7 - 5 5 7 - 4 0 0 + 2,4 7 1 - 2,3 4 8 + 2,670 Total assets 857,6 5 3 37,3 5 0 324,9 0 5 37,3 2 7 36,2 1 4 80,2 3 9 76,8 0 4 67,5 5 8 25,2 6 9 16,5 9 2 26,7 4 3 34,3 9 1 94,263 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 25, 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 939,0 1 0 37,8 0 0 345,9 2 7 38,6 3 7 36,9 2 0 75,1 9 1 95,4 2 7 76,4 1 9 27,0 6 0 17,1 1 9 28,3 3 8 50,4 3 4 109,738 Less: notes held by F.R. Banks 180,5 4 1 4,1 1 0 53,0 2 4 7,5 6 2 6,8 4 3 12,8 9 8 25,7 9 3 15,5 6 7 3,8 4 2 2,5 6 0 4,0 2 0 19,2 3 4 25,086 Federal Reserve notes, net 758,4 6 9 33,6 9 0 292,9 0 3 31,0 7 5 30,0 7 7 62,2 9 3 69,6 3 4 60,8 5 1 23,2 1 8 14,5 6 0 24,3 1 7 31,2 0 0 84,652 Reverse repurchase agreements1 31,1 5 1 1,4 8 6 11,5 3 0 1,3 5 2 1,3 4 5 2,5 8 8 2,6 0 8 2,8 6 0 9 9 0 6 3 3 9 1 2 1,3 9 8 3,448 Deposits 26,7 3 6 7 9 5 10,8 0 4 7 2 0 1,6 8 2 6,1 1 8 1,3 2 9 1,2 5 7 4 1 3 3 7 3 4 7 9 8 0 0 1,965 Depository institutions 21,0 0 6 7 9 3 5,2 2 4 7 1 8 1,6 7 7 5,9 9 3 1,3 2 7 1,2 5 4 4 1 2 3 7 2 4 7 7 7 9 9 1,961 U.S. Treasury, general account 5,3 4 6 0 5,3 4 6 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 9 3 1 1 7 3 0 2 1 1 4 0 0 1 0 1 0 0 Deferred availability cash items 5,2 6 8 2 9 6 1 3 3 8 2 1 5 7 7 4 6 6 5 3 4 2 9 8 1 1 3 3 1 5 4 8 4 2 8 6 944 Other liabilities and accrued dividends2 5,5 3 0 2 6 7 1,8 5 2 2 7 4 2 7 0 5 4 8 4 6 8 5 0 2 1 9 7 1 4 6 1 8 0 2 6 2 563 Total liabilities 827,1 5 4 36,5 3 5 317,2 2 1 34,2 4 3 33,9 5 2 72,0 1 3 74,5 7 4 65,7 6 8 24,9 3 1 16,0 2 7 26,3 7 2 33,9 4 6 91,572 Capital Capital paid in 15,0 9 9 3 9 0 3,7 2 2 1,8 1 0 1,0 9 9 4,0 8 1 1,0 8 7 8 4 6 1 5 9 2 7 6 1 7 4 2 0 9 1,247 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 2,4 9 9 1 0 8 2 7 7 5 3 0 1 4 9 8 3 7 2 5 1 6 7 3 5 4 4 2 3 8 4 95 Total liabilities and capital 857,6 5 3 37,3 5 0 324,9 0 5 37,3 2 7 36,2 1 4 80,2 3 9 76,8 0 4 67,5 5 8 25,2 6 9 16,5 9 2 26,7 4 3 34,3 9 1 94,263 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 25, 2006 Federal Reserve notes outstanding 939,010 Less: Notes held by F.R. Banks not subject to collateralization 180,541 Federal Reserve notes to be collateralized 758,469 Collateral held against Federal Reserve notes 758,469 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged1 745,233 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities1 798,422 Less: face value of securities under reverse repurchase agreements 31,486 U.S. Treasury and agency securities eligible to be pledged 766,936 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.