FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks April 6, 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 Apr 5, 2006 Mar 29, 2006 Apr 6, 2005 Apr 5, 2006 Federal Reserve Banks Reserve Bank Credit 820,479 + 6,376 + 37,076 816,849 Securities held outright 758,544 + 31 + 41,203 758,551 U.S. Treasury (1) 758,544 + 31 + 41,203 758,551 Bills (2) 275,370 0 + 12,365 275,370 Notes and bonds, nominal (2) 457,177 0 + 24,292 457,177 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,351 + 31 + 1,009 3,358 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,143 + 3,393 - 1,000 19,250 Loans to depository institutions 294 + 203 + 225 64 Primary credit 235 + 199 + 223 0 Secondary credit 0 0 0 0 Seasonal credit 59 + 4 + 2 64 Float -1,800 - 1,509 - 2,033 -575 Other Federal Reserve assets 39,298 + 4,258 - 1,320 39,559 Gold stock 11,043 - 1 + 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,665 + 14 + 120 36,665 Total factors supplying reserve funds 870,387 + 6,389 + 37,197 866,758 Currency in circulation(5) 788,441 + 1,209 + 33,931 790,241 Reverse repurchase agreements (6) 25,181 + 2,288 + 2,066 23,523 Foreign official and international accounts 25,181 + 2,288 + 2,066 23,523 Dealers 0 0 0 0 Treasury cash holdings 208 + 4 - 75 198 Deposits with F.R.Banks, other than reserve balances 13,309 - 375 - 1,939 12,828 U.S. Treasury, general account 5,228 - 172 - 68 4,663 Foreign official 85 0 - 26 84 Service-related 7,729 - 252 - 1,785 7,729 Required clearing balances 7,729 - 252 - 1,785 7,729 Adjustments to compensate for float 0 0 0 0 Other 267 + 48 - 59 352 Other liabilities and capital 32,939 + 44 + 5,077 32,796 Total factors, other than reserve balances, absorbing reserve funds 860,077 + 3,168 + 39,059 859,587 Reserve balances with Federal Reserve Banks 10,310 + 3,220 - 1,862 7,171 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,593,876 + 1,687 + 203,857 1,587,572 U.S. Treasury 1,127,591 + 51 + 45,775 1,121,040 Federal agency 466,284 + 1,635 + 158,081 466,532 Securities lent to dealers 2,159 + 1,234 - 820 1,499 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 Apr 5, 2006 Mar 29, 2006 Apr 6, 2005 Assets Gold certificate account 11,039 - 1 + 2 Special drawing rights certificate account 2,200 0 0 Coin 797 + 8 + 77 Securities, repurchase agreements, and loans 777,865 - 415 + 40,448 Securities held outright 758,551 + 22 + 41,200 U.S. Treasury (1) 758,551 + 22 + 41,200 Bills (2) 275,370 0 + 12,365 Notes and bonds, nominal (2) 457,177 0 + 24,292 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,358 + 22 + 1,006 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,250 - 250 - 750 Loans 64 - 187 - 1 Items in process of collection (1,390) 6,313 + 1,054 - 1,036 Bank premises 1,832 + 8 + 30 Other assets (5) 37,722 + 251 - 924 Total assets (1,390) 837,768 + 906 + 38,598 Liabilities Federal Reserve notes net of FR Bank holdings 754,567 + 1,440 + 34,243 Reverse repurchase agreements (6) 23,523 + 1,104 + 537 Deposits (0) 20,022 - 2,859 - 681 Depository institutions 14,923 - 3,036 - 868 U.S. Treasury, general account 4,663 + 44 + 133 Foreign official 84 0 + 2 Other (0) 352 + 133 + 52 Deferred availability cash items (1,390) 6,859 + 906 - 560 Other liabilities and accrued dividends (7) 4,613 - 34 + 1,382 Total liabilities (1,390) 809,585 + 558 + 34,921 Capital Accounts Capital paid in 13,766 + 18 + 1,181 Surplus 12,901 0 + 1,736 Other capital accounts 1,515 + 329 + 758 Total capital 28,183 + 348 + 3,676 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, April 5, 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 12 47,230 - 6,815 0 0 19,250 23,523 16 days to 90 days 52 174,254 + 6,685 0 0 0 0 91 days to 1 year 0 185,878 - 201 0 0 ------ ------ Over 1 to 5 years ------ 215,819 + 340 0 0 ------ ------ Over 5 to 10 years ------ 55,378 + 3 0 0 ------ ------ Over 10 years ------ 79,992 + 10 0 0 ------ ------ All 64 758,551 + 22 0 0 19,250 23,523 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 April 5, 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 797 38 70 51 62 74 82 99 42 36 64 69 111 Securities, repurchase agreements, and loans 777,865 38,820 320,042 26,909 32,045 57,890 58,686 68,349 23,539 15,854 21,458 37,362 76,912 Securities held outright 758,551 38,810 300,792 26,909 32,045 57,890 58,686 68,311 23,539 15,843 21,455 37,360 76,912 U.S. Treasury (1) 758,551 38,810 300,792 26,909 32,045 57,890 58,686 68,311 23,539 15,843 21,455 37,360 76,912 Bills (2) 275,370 14,089 109,194 9,769 11,633 21,015 21,304 24,798 8,545 5,751 7,789 13,562 27,921 Notes and bonds(3) 483,181 24,721 191,598 17,141 20,412 36,875 37,381 43,513 14,994 10,092 13,666 23,797 48,992 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,250 0 19,250 0 0 0 0 0 0 0 0 0 0 Loans 64 10 0 0 0 0 0 38 0 11 3 2 0 Items in process of collection 7,703 626 427 398 600 617 1,101 302 292 316 595 598 1,833 Bank premises 1,832 113 205 55 157 153 231 210 69 118 95 259 166 Other assets(5) 37,722 1,249 14,051 1,664 2,196 6,648 2,589 2,659 729 692 693 1,004 3,547 Interdistrict settlement account 0 - 4,315 -24,050 + 6,792 + 71 + 6,709 + 8,546 - 3,468 + 515 - 358 + 2,317 - 4,304 +11,543 Total Assets 839,157 37,156 315,976 36,384 35,688 73,073 72,345 69,291 25,584 16,900 25,607 35,634 95,519 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 April 5, 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 912,369 38,695 330,520 39,280 36,829 73,112 87,066 76,206 27,717 17,600 27,384 49,351 108,611 Less: notes held by F.R. Banks 157,802 4,765 43,942 6,843 5,557 12,568 21,801 12,932 4,032 2,552 4,144 17,140 21,526 Federal Reserve notes, net 754,567 33,931 286,578 32,437 31,272 60,543 65,265 63,274 23,685 15,047 23,240 32,211 87,085 Reverse repurchase agreements (1) 23,523 1,203 9,328 834 994 1,795 1,820 2,118 730 491 665 1,159 2,385 Deposits 20,022 569 9,799 535 614 1,734 1,724 1,241 506 330 626 762 1,583 Depository institutions 14,923 568 4,915 532 611 1,542 1,721 1,238 505 329 625 760 1,579 U.S. Treasury, general account 4,663 0 4,663 0 0 0 0 0 0 0 0 0 0 Foreign official 84 1 55 2 3 11 3 3 0 1 1 0 4 Other 352 0 165 0 0 181 0 1 1 0 1 2 0 Deferred availability cash items 8,249 534 974 851 534 722 1,000 404 187 409 561 821 1,253 Other liabilities and accrued dividends (2) 4,613 242 1,620 188 225 456 375 413 166 121 147 230 430 Total liabilities 810,975 36,478 308,298 34,846 33,638 65,250 70,183 67,450 25,275 16,399 25,240 35,182 92,736 Capital Capital paid in 13,766 324 3,670 758 1,000 3,946 1,051 891 147 243 173 211 1,353 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,515 37 323 37 36 570 219 73 18 13 20 88 81 Total liabilities and capital 839,157 37,156 315,976 36,384 35,688 73,073 72,345 69,291 25,584 16,900 25,607 35,634 95,519 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 Apr 5, 2006 Federal Reserve notes outstanding 912,369 Less: Notes held by F.R. Banks not subject to collateralization 157,802 Federal Reserve Notes to be collateralized 754,567 Collateral held against Federal Reserve notes 754,567 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 741,328 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 777,801 Less:face value of securities under reverse repurchase agreements 23,554 U.S. Treasury and agency securities eligible to be pledged 754,246 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.