FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks July 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 Jul 5, 2006 Jun 28, 2006 Jul 6, 2005 Jul 5, 2006 Federal Reserve Banks Reserve Bank Credit 836,187 + 11,458 + 40,391 836,958 Securities held outright 766,371 + 41 + 41,652 766,385 U.S. Treasury (1) 766,371 + 41 + 41,652 766,385 Bills (2) 275,370 0 + 10,355 275,370 Notes and bonds, nominal (2) 464,580 0 + 27,206 464,580 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,113 22,646 Inflation compensation (3) 3,775 + 41 + 978 3,789 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,464 + 11,035 - 607 28,250 Loans to depository institutions 291 - 2 - 454 282 Primary credit 15 - 1 - 524 6 Secondary credit 0 0 0 0 Seasonal credit 276 - 1 + 70 276 Float -428 + 194 - 941 1,475 Other Federal Reserve assets 40,488 + 188 + 740 40,567 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,062 + 14 + 1,447 38,062 Total factors supplying reserve funds 887,490 + 11,472 + 41,838 888,261 Currency in circulation(5) 798,204 + 5,267 + 31,703 800,735 Reverse repurchase agreements (6) 29,683 + 2,641 + 3,916 29,086 Foreign official and international accounts 29,683 + 2,641 + 3,916 29,086 Dealers 0 0 0 0 Treasury cash holdings 173 - 20 - 64 167 Deposits with F.R.Banks, other than reserve balances 12,849 + 437 + 319 13,037 U.S. Treasury, general account 5,334 + 410 + 1,494 5,528 Foreign official 111 + 24 - 14 90 Service-related 7,162 - 4 - 1,116 7,162 Required clearing balances 7,162 - 4 - 1,116 7,162 Adjustments to compensate for float 0 0 0 0 Other 242 + 7 - 45 258 Other liabilities and capital 34,926 - 152 + 5,883 34,629 Total factors, other than reserve balances, absorbing reserve funds 875,835 + 8,173 + 41,757 877,654 Reserve balances with Federal Reserve Banks 11,655 + 3,299 + 81 10,607 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,636,139 - 2,136 + 198,165 1,637,480 U.S. Treasury 1,117,918 - 2,668 + 31,982 1,119,882 Federal agency 518,220 + 531 + 166,182 517,598 Securities lent to dealers 6,725 + 4,385 + 1,369 5,613 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 Jul 5, 2006 Jun 28, 2006 Jul 6, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 696 - 24 + 88 Securities, repurchase agreements, and loans 794,917 + 5,768 + 35,978 Securities held outright 766,385 + 36 + 41,668 U.S. Treasury (1) 766,385 + 36 + 41,668 Bills (2) 275,370 0 + 10,355 Notes and bonds, nominal (2) 464,580 0 + 27,206 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,113 Inflation compensation (3) 3,789 + 36 + 993 Federal agency (2) 0 0 0 Repurchase agreements (4) 28,250 + 5,750 - 5,750 Loans 282 - 18 + 60 Items in process of collection (1,423) 5,979 + 1,355 - 4,939 Bank premises 1,857 + 2 + 41 Other assets (5) 38,463 + 149 + 430 Total assets (1,423) 855,149 + 7,251 + 31,598 Liabilities Federal Reserve notes net of FR Bank holdings 763,532 + 5,211 + 31,015 Reverse repurchase agreements (6) 29,086 - 1,314 + 4,622 Deposits (2) 23,397 + 3,958 - 5,947 Depository institutions 17,521 + 3,282 - 6,903 U.S. Treasury, general account 5,528 + 649 + 984 Foreign official 90 0 + 8 Other (2) 258 + 27 - 37 Deferred availability cash items (1,421) 4,505 - 592 - 3,927 Other liabilities and accrued dividends (7) 4,727 - 452 + 1,502 Total liabilities (1,423) 825,247 + 6,811 + 27,265 Capital Accounts Capital paid in 14,975 + 7 + 2,036 Surplus 12,901 0 + 1,464 Other capital accounts 2,026 + 433 + 832 Total capital 29,902 + 440 + 4,333 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, July 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 47 58,899 - 2,410 0 0 28,250 29,086 16 days to 90 days 235 174,987 + 2,020 0 0 0 0 91 days to 1 year 0 176,068 - 935 0 0 ------ ------ Over 1 to 5 years ------ 217,323 + 1,341 0 0 ------ ------ Over 5 to 10 years ------ 60,717 + 5 0 0 ------ ------ Over 10 years ------ 78,392 + 17 0 0 ------ ------ All 282 766,385 + 36 0 0 28,250 29,086 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 July 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 11,037 486 4,139 463 446 853 1,023 947 328 211 324 575 1,242 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 696 31 40 30 66 62 87 74 34 31 58 68 116 Securities, repurchase agreements, and loans 794,917 36,573 311,910 33,273 33,092 63,664 64,165 70,459 24,386 15,679 22,470 34,398 84,847 Securities held outright 766,385 36,571 283,660 33,273 33,092 63,664 64,159 70,369 24,349 15,580 22,441 34,394 84,831 U.S. Treasury (1) 766,385 36,571 283,660 33,273 33,092 63,664 64,159 70,369 24,349 15,580 22,441 34,394 84,831 Bills (2) 275,370 13,140 101,922 11,955 11,890 22,875 23,053 25,284 8,749 5,598 8,063 12,358 30,481 Notes and bonds(3) 491,015 23,430 181,738 21,318 21,202 40,789 41,106 45,085 15,600 9,982 14,378 22,036 54,351 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 28,250 0 28,250 0 0 0 0 0 0 0 0 0 0 Loans 282 3 0 0 0 0 6 90 37 99 28 4 15 Items in process of collection 7,403 458 590 222 1,015 326 875 516 260 294 801 384 1,662 Bank premises 1,857 113 206 57 157 154 231 208 70 118 115 259 171 Other assets(5) 38,463 1,224 13,918 1,819 2,264 6,905 2,728 2,739 748 701 720 954 3,743 Interdistrict settlement account 0 - 75 - 3,906 + 1,919 - 660 + 3,440 + 3,373 - 7,401 - 264 + 47 + 1,551 - 2,021 + 3,997 Total Assets 856,572 38,925 327,771 37,866 36,485 75,550 72,648 67,754 25,632 17,111 26,104 34,715 96,012 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 July 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 929,257 38,135 348,559 39,754 37,076 73,357 90,449 74,131 27,392 17,271 27,176 48,997 106,960 Less: notes held by F.R. Banks 165,725 3,518 50,525 7,132 5,917 12,642 25,248 12,978 3,824 2,126 3,512 17,274 21,029 Federal Reserve notes, net 763,532 34,617 298,034 32,622 31,158 60,715 65,201 61,152 23,568 15,145 23,665 31,723 85,931 Reverse repurchase agreements (1) 29,086 1,388 10,766 1,263 1,256 2,416 2,435 2,671 924 591 852 1,305 3,220 Deposits 23,399 1,475 9,121 871 1,212 3,582 1,800 1,325 509 290 527 726 1,960 Depository institutions 17,521 1,473 3,367 866 1,209 3,488 1,817 1,322 501 270 525 725 1,956 U.S. Treasury, general account 5,528 0 5,528 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 61 2 3 11 3 3 0 1 1 0 4 Other 260 1 165 3 0 82 -19 1 7 19 1 0 0 Deferred availability cash items 5,926 411 565 264 544 276 603 282 124 455 536 288 1,577 Other liabilities and accrued dividends (2) 4,727 239 1,592 216 227 442 406 434 177 124 162 229 479 Total liabilities 826,670 38,130 320,078 35,236 34,397 67,430 70,445 65,865 25,302 16,606 25,742 34,270 93,167 Capital Capital paid in 14,975 382 3,674 1,744 1,024 4,014 1,069 908 155 243 174 209 1,377 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,026 96 334 142 50 798 242 105 31 16 13 83 118 Total liabilities and capital 856,572 38,925 327,771 37,866 36,485 75,550 72,648 67,754 25,632 17,111 26,104 34,715 96,012 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 Jul 5, 2006 Federal Reserve notes outstanding 929,257 Less: Notes held by F.R. Banks not subject to collateralization 165,725 Federal Reserve Notes to be collateralized 763,532 Collateral held against Federal Reserve notes 763,532 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 750,295 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 794,635 Less:face value of securities under reverse repurchase agreements 29,126 U.S. Treasury and agency securities eligible to be pledged 765,509 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.