FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 19, 2006 1. Factors Affecting Reserve Balances of Depository Institutions Millions of dollars Averages of daily figures Reserve Bank credit, related items, and Week ended Change from week ended Wednesday reserve balances of depository institutions at Jan 18, 2006 Jan 11, 2006 Jan 19, 2005 Jan 18, 2006 Federal Reserve Banks Reserve Bank Credit 816,436 + 562 + 33,129 815,472 Securities held outright 745,519 + 1,270 + 27,694 745,685 U.S. Treasury (1) 745,519 + 1,270 + 27,694 745,685 Bills (2) 272,655 + 1,245 + 9,685 272,834 Notes and bonds, nominal (2) 449,118 0 + 12,689 449,118 Notes and bonds, inflation-indexed (2) 20,431 + 64 + 4,323 20,431 Inflation compensation (3) 3,315 - 39 + 998 3,302 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,571 - 822 + 4,785 23,250 Loans to depository institutions 321 + 282 + 268 2,056 Primary credit 292 + 276 + 257 2,026 Secondary credit 0 0 0 0 Seasonal credit 29 + 6 + 10 31 Float 846 - 455 - 95 4,615 Other Federal Reserve assets 40,179 + 287 + 476 39,866 Gold stock 11,043 0 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,638 + 14 + 204 36,638 Total factors supplying reserve funds 866,318 + 576 + 33,332 865,353 Currency in circulation(5) 784,942 - 1,891 + 36,097 784,877 Reverse repurchase agreements (6) 24,569 - 579 - 3,011 24,729 Foreign official and international accounts 24,569 - 579 - 3,011 24,729 Dealers 0 0 0 0 Treasury cash holdings 210 + 7 - 47 207 Deposits with F.R.Banks, other than reserve balances 14,550 + 12 - 251 15,179 U.S. Treasury, general account 4,810 + 15 + 29 5,429 Foreign official 88 + 6 + 7 78 Service-related 9,374 0 - 219 9,374 Required clearing balances 9,374 0 - 218 9,374 Adjustments to compensate for float 0 0 - 2 0 Other 278 - 9 - 68 298 Other liabilities and capital 31,420 - 44 + 5,141 30,907 Total factors, other than reserve balances, absorbing reserve funds 855,692 - 2,494 + 37,931 855,900 Reserve balances with Federal Reserve Banks 10,626 + 3,070 - 4,599 9,453 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,532,711 + 1,806 + 189,133 1,536,010 U.S. Treasury 1,101,324 + 416 + 32,486 1,105,136 Federal agency 431,386 + 1,388 + 156,646 430,874 Securities lent to dealers 1,698 - 429 - 466 5,631 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. 2. Consolidated Statement of Condition of All Federal Reserve Banks Millions of Dollars Eliminations Change Since from Wednesday Wednesday Wednesday Assets, liabilities, and capital consolidation Jan 18, 2006 Jan 11, 2006 Jan 19, 2005 Assets Gold certificate account 11,039 0 - 2 Special drawing rights certificate account 2,200 0 0 Coin 729 + 21 - 22 Securities, repurchase agreements, and loans 770,991 + 1,433 + 30,604 Securities held outright 745,685 + 1,206 + 27,860 U.S. Treasury (1) 745,685 + 1,206 + 27,860 Bills (2) 272,834 + 1,249 + 9,864 Notes and bonds, nominal (2) 449,118 0 + 12,689 Notes and bonds, inflation-indexed (2) 20,431 0 + 4,323 Inflation compensation (3) 3,302 - 43 + 984 Federal agency (2) 0 0 0 Repurchase agreements (4) 23,250 - 1,750 + 750 Loans 2,056 + 1,977 + 1,995 Items in process of collection (2,633) 13,946 + 5,889 + 1,396 Bank premises 1,822 + 1 + 43 Other assets (5) 38,048 - 645 - 1,789 Total assets (2,633) 838,775 + 6,700 + 30,231 Liabilities Federal Reserve notes net of FR Bank holdings 749,172 - 247 + 35,708 Reverse repurchase agreements (6) 24,729 - 291 - 2,865 Deposits (0) 24,635 + 5,321 - 7,513 Depository institutions 18,831 + 4,390 - 7,709 U.S. Treasury, general account 5,429 + 964 + 287 Foreign official 78 - 3 - 1 Other (0) 298 - 29 - 89 Deferred availability cash items (2,633) 9,331 + 2,215 - 31 Other liabilities and accrued dividends (7) 3,951 - 16 + 1,167 Total liabilities (2,633) 811,818 + 6,981 + 26,466 Capital Accounts Capital paid in 13,548 + 5 + 1,533 Surplus 12,916 0 + 1,970 Other capital accounts 493 - 287 + 262 Total capital 26,957 - 282 + 3,765 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 securites. 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, January 18, 2006 Millions of dollars U.S. Treasury Federal agency Reverse Maturity Loans securities (1) securities Repurchase repurchase Weekly Weekly agreements(2)agreements(2) Holdings changes Holdings changes Within 15 days 2,056 58,806 + 7,819 0 0 23,250 24,729 16 days to 90 days 0 156,744 - 6,530 0 0 0 0 91 days to 1 year 0 188,816 + 3,245 0 0 ------ ------ Over 1 to 5 years ------ 208,293 - 1,766 0 0 ------ ------ Over 5 to 10 years ------ 55,762 - 1,544 0 0 ------ ------ Over 10 years ------ 77,264 - 19 0 0 ------ ------ All 2,056 745,685 + 1,206 0 0 23,250 24,729 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. 4. Statement of Condition of Each Federal Reserve Bank on January 18, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Assets Gold certificate account 11,039 510 4,357 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 729 31 51 36 56 75 95 88 44 25 66 67 95 Securities, repurchase agreements, and loans 770,991 38,156 320,473 26,453 31,501 57,390 57,690 67,177 23,139 15,577 21,099 36,726 75,609 Securities held outright 745,685 38,151 295,690 26,453 31,501 56,908 57,690 67,152 23,139 15,574 21,091 36,726 75,608 U.S. Treasury (1) 745,685 38,151 295,690 26,453 31,501 56,908 57,690 67,152 23,139 15,574 21,091 36,726 75,608 Bills (2) 272,834 13,959 108,188 9,679 11,526 20,822 21,108 24,570 8,466 5,698 7,717 13,437 27,664 Notes and bonds(3) 472,851 24,192 187,502 16,774 19,976 36,086 36,582 42,582 14,673 9,876 13,374 23,289 47,944 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 23,250 0 23,250 0 0 0 0 0 0 0 0 0 0 Loans 2,056 4 1,533 0 0 482 0 25 0 3 8 0 2 Items in process of collection 16,579 799 1,900 710 1,583 1,247 2,311 1,390 615 432 1,330 1,519 2,744 Bank premises 1,822 111 205 53 157 153 232 211 69 119 84 261 165 Other assets(5) 38,048 3,262 14,430 1,135 2,480 4,881 2,113 2,659 916 761 698 1,017 3,695 Interdistrict settlement account 0 - 4,823 -30,564 + 5,051 + 292 + 5,148 +11,026 - 90 + 1,270 - 334 + 1,599 - 4,143 +15,566 Total Assets 841,408 38,161 311,727 33,954 36,627 69,877 74,577 72,575 26,452 16,822 25,260 36,095 99,281 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. 4. Statement of Condition of Each Federal Reserve Bank on January 18, 2006 Millions of dollars Kansas San Assets, liabilities, and capital Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco Liabilities Federal Reserve notes outstanding 909,202 39,029 326,905 37,467 36,365 70,094 87,695 77,307 28,017 17,821 27,714 50,132 110,658 Less: notes held by F.R. Banks 160,030 4,921 46,678 7,290 5,562 12,399 20,926 11,832 3,730 2,977 5,326 17,448 20,941 Federal Reserve notes, net 749,172 34,108 280,227 30,177 30,803 57,694 66,769 65,475 24,287 14,844 22,388 32,684 89,717 Reverse repurchase agreements (1) 24,729 1,265 9,806 877 1,045 1,887 1,913 2,227 767 516 699 1,218 2,507 Deposits 24,635 1,012 11,634 631 1,372 1,706 2,085 1,682 562 314 706 813 2,120 Depository institutions 18,831 1,007 5,977 630 1,367 1,589 2,083 1,678 560 313 705 808 2,116 U.S. Treasury, general account 5,429 0 5,429 0 0 0 0 0 0 0 0 0 0 Foreign official 78 5 49 1 4 7 2 3 1 1 1 0 4 Other 298 0 179 0 1 110 0 1 1 0 1 4 0 Deferred availability cash items 11,964 915 1,115 604 1,178 862 1,662 1,021 387 544 980 850 1,845 Other liabilities and accrued dividends (2) 3,951 216 1,387 163 192 344 330 370 148 109 128 203 361 Total liabilities 814,452 37,516 304,169 32,452 34,590 62,494 72,759 70,774 26,151 16,327 24,902 35,767 96,551 Capital Capital paid in 13,548 317 3,688 744 1,014 3,943 893 884 144 243 175 153 1,349 Surplus 12,916 317 3,685 744 1,013 3,322 892 876 144 245 175 153 1,349 Other capital 493 11 184 13 10 119 33 41 13 6 8 22 32 Total liabilities and capital 841,408 38,161 311,727 33,954 36,627 69,877 74,577 72,575 26,452 16,822 25,260 36,095 99,281 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 Federal Reserve notes and collateral Wednesday Jan 18, 2006 Federal Reserve notes outstanding 909,202 Less: Notes held by F.R. Banks not subject to collateralization 160,030 Federal Reserve Notes to be collateralized 749,172 Collateral held against Federal Reserve notes 749,172 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 735,933 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 768,935 Less:face value of securities under reverse repurchase agreements 24,757 U.S. Treasury and agency securities eligible to be pledged 744,178 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.