FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 5, 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 Oct 4, 2006 Sep 27, 2006 Oct 5, 2005 Oct 4, 2006 Federal Reserve Banks Reserve Bank Credit 829,644 + 4,405 + 29,468 826,967 Securities held outright 768,926 + 18 + 32,387 768,932 U.S. Treasury (1) 768,926 + 18 + 32,387 768,932 Bills (2) 277,019 0 + 7,258 277,019 Notes and bonds, nominal (2) 461,791 0 + 17,923 461,791 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,036 26,019 Inflation compensation (3) 4,098 + 18 + 1,171 4,104 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,214 + 4,571 - 2,715 18,250 Loans to depository institutions 343 - 41 - 217 267 Primary credit 40 + 9 - 68 1 Secondary credit 0 0 - 152 0 Seasonal credit 303 - 50 + 3 266 Float -351 + 312 - 435 149 Other Federal Reserve assets 39,512 - 456 + 447 39,370 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,152 + 14 + 1,723 38,152 Total factors supplying reserve funds 881,037 + 4,419 + 31,191 878,360 Currency in circulation(5) 791,854 + 1,038 + 24,481 794,246 Reverse repurchase agreements (6) 30,498 + 2,107 + 4,226 29,212 Foreign official and international accounts 30,498 + 2,107 + 4,226 29,212 Dealers 0 0 0 0 Treasury cash holdings 151 - 7 - 83 154 Deposits with F.R.Banks, other than reserve balances 14,016 + 2,409 - 110 13,640 U.S. Treasury, general account 6,650 + 2,370 + 1,793 6,222 Foreign official 94 + 4 - 5 92 Service-related 6,993 + 25 - 1,871 6,993 Required clearing balances 6,993 + 25 - 1,871 6,993 Adjustments to compensate for float 0 0 0 0 Other 280 + 11 - 27 334 Other liabilities and capital 36,016 - 196 + 4,962 35,622 Total factors, other than reserve balances, absorbing reserve funds 872,535 + 5,350 + 33,475 872,875 Reserve balances with Federal Reserve Banks 8,502 - 931 - 2,284 5,485 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,674,664 + 13,255 + 210,897 1,682,645 U.S. Treasury 1,131,365 + 12,175 + 48,369 1,141,823 Federal agency 543,298 + 1,079 + 162,526 540,821 Securities lent to dealers 1,609 + 499 - 4,098 349 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 Oct 4, 2006 Sep 27, 2006 Oct 5, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 848 - 10 + 136 Securities, repurchase agreements, and loans 787,448 - 9,334 + 30,813 Securities held outright 768,932 + 17 + 31,340 U.S. Treasury (1) 768,932 + 17 + 31,340 Bills (2) 277,019 0 + 7,240 Notes and bonds, nominal (2) 461,791 0 + 16,901 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,036 Inflation compensation (3) 4,104 + 17 + 1,164 Federal agency (2) 0 0 0 Repurchase agreements (4) 18,250 - 9,250 - 500 Loans 267 - 99 - 26 Items in process of collection (1,561) 4,999 + 1,858 - 4,759 Bank premises 1,901 + 12 + 61 Other assets (5) 37,867 - 202 + 486 Total assets (1,561) 846,300 - 7,675 + 26,736 Liabilities Federal Reserve notes net of FR Bank holdings 757,093 + 1,951 + 23,261 Reverse repurchase agreements (6) 29,212 - 2,254 + 3,274 Deposits (0) 19,523 - 7,540 - 1,250 Depository institutions 12,875 - 9,276 - 2,656 U.S. Treasury, general account 6,222 + 1,637 + 1,436 Foreign official 92 + 1 - 57 Other (0) 334 + 98 + 27 Deferred availability cash items (1,561) 4,851 + 244 - 3,137 Other liabilities and accrued dividends (7) 5,402 - 112 + 1,549 Total liabilities (1,561) 816,080 - 7,712 + 23,696 Capital Accounts Capital paid in 15,077 + 10 + 1,651 Surplus 12,901 0 + 1,271 Other capital accounts 2,242 + 28 + 118 Total capital 30,220 + 38 + 3,040 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, October 4, 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 20 54,634 - 3,601 0 0 18,250 29,212 16 days to 90 days 247 170,012 + 3,026 0 0 0 0 91 days to 1 year 0 186,680 - 562 0 0 ------ ------ Over 1 to 5 years ------ 215,770 + 1,143 0 0 ------ ------ Over 5 to 10 years ------ 60,279 + 3 0 0 ------ ------ Over 10 years ------ 81,557 + 7 0 0 ------ ------ All 267 768,932 + 17 0 0 18,250 29,212 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 October 4, 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 848 24 47 57 77 76 113 104 43 31 63 83 129 Securities, repurchase agreements, and loans 787,448 36,692 302,853 33,384 33,202 63,875 64,384 70,691 24,463 15,713 22,562 34,515 85,115 Securities held outright 768,932 36,692 284,603 33,384 33,202 63,875 64,372 70,603 24,430 15,632 22,516 34,509 85,113 U.S. Treasury (1) 768,932 36,692 284,603 33,384 33,202 63,875 64,372 70,603 24,430 15,632 22,516 34,509 85,113 Bills (2) 277,019 13,219 102,532 12,027 11,962 23,012 23,191 25,436 8,801 5,632 8,112 12,432 30,663 Notes and bonds(3) 491,913 23,473 182,070 21,357 21,241 40,863 41,181 45,167 15,629 10,000 14,404 22,076 54,450 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 18,250 0 18,250 0 0 0 0 0 0 0 0 0 0 Loans 267 0 0 0 0 0 11 88 32 81 46 7 1 Items in process of collection 6,561 277 481 964 641 573 553 277 131 285 530 443 1,405 Bank premises 1,901 113 208 57 157 161 230 209 74 117 138 259 176 Other assets(5) 37,867 1,199 13,698 1,793 2,230 6,855 2,675 2,688 731 691 705 928 3,673 Interdistrict settlement account 0 - 1,704 + 2,584 + 152 - 913 + 2,537 + 8,074 - 9,022 - 789 - 613 + 1,482 - 2,769 + 981 Total Assets 847,862 37,202 324,883 36,954 35,946 75,077 77,218 66,107 25,051 16,464 25,870 34,133 92,955 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 October 4, 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 934,750 37,887 347,314 38,869 36,874 74,213 95,039 74,508 27,030 17,125 27,577 50,107 108,208 Less: notes held by F.R. Banks 177,657 4,087 52,550 7,755 6,098 13,051 25,236 14,943 3,899 2,643 4,087 18,984 24,324 Federal Reserve notes, net 757,093 33,800 294,763 31,113 30,776 61,162 69,803 59,565 23,131 14,482 23,489 31,123 83,884 Reverse repurchase agreements (1) 29,212 1,394 10,812 1,268 1,261 2,427 2,446 2,682 928 594 855 1,311 3,234 Deposits 19,523 525 9,650 545 694 2,105 1,543 1,206 403 322 426 639 1,463 Depository institutions 12,875 524 3,161 542 691 1,967 1,540 1,203 402 322 425 638 1,459 U.S. Treasury, general account 6,222 0 6,222 0 0 0 0 0 0 0 0 0 0 Foreign official 92 1 63 2 3 11 3 3 0 1 1 0 4 Other 334 0 204 1 0 127 0 0 0 0 1 0 0 Deferred availability cash items 6,412 415 190 869 677 657 744 382 149 393 552 358 1,028 Other liabilities and accrued dividends (2) 5,402 268 1,841 263 268 551 466 494 108 141 187 258 557 Total liabilities 817,641 36,403 317,256 34,059 33,677 66,902 75,002 64,329 24,719 15,932 25,510 33,688 90,165 Capital Capital paid in 15,077 390 3,691 1,692 1,129 4,080 1,084 845 158 275 175 208 1,349 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,242 92 250 459 126 788 240 57 30 12 11 85 92 Total liabilities and capital 847,862 37,202 324,883 36,954 35,946 75,077 77,218 66,107 25,051 16,464 25,870 34,133 92,955 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 Oct 4, 2006 Federal Reserve notes outstanding 934,750 Less: Notes held by F.R. Banks not subject to collateralization 177,657 Federal Reserve Notes to be collateralized 757,093 Collateral held against Federal Reserve notes 757,093 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 743,856 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 787,182 Less:face value of securities under reverse repurchase agreements 29,254 U.S. Treasury and agency securities eligible to be pledged 757,928 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.