FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 30, 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 Mar 29, 2006 Mar 22, 2006 Mar 30, 2005 Mar 29, 2006 Federal Reserve Banks Reserve Bank Credit 814,099 - 6,726 + 31,786 812,743 Securities held outright 758,513 + 1,272 + 40,981 758,529 U.S. Treasury (1) 758,513 + 1,272 + 40,981 758,529 Bills (2) 275,370 + 1,228 + 12,365 275,370 Notes and bonds, nominal (2) 457,177 0 + 24,081 457,177 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,320 + 45 + 998 3,336 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 20,750 - 8,143 - 3,893 19,500 Loans to depository institutions 91 - 312 + 32 251 Primary credit 36 - 314 + 23 192 Secondary credit 0 0 0 0 Seasonal credit 55 + 3 + 9 58 Float -292 + 227 + 237 -695 Other Federal Reserve assets 35,036 + 228 - 5,572 35,158 Gold stock 11,044 0 + 3 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,651 + 14 + 106 36,651 Total factors supplying reserve funds 863,994 - 6,712 + 31,894 862,638 Currency in circulation(5) 787,232 - 482 + 34,196 788,785 Reverse repurchase agreements (6) 22,893 - 2,120 - 1,786 22,419 Foreign official and international accounts 22,893 - 2,120 - 1,786 22,419 Dealers 0 0 0 0 Treasury cash holdings 204 + 6 - 71 209 Deposits with F.R.Banks, other than reserve balances 13,684 + 159 + 42 12,903 U.S. Treasury, general account 5,400 + 258 + 808 4,619 Foreign official 85 - 87 + 2 84 Service-related 7,981 + 1 - 751 7,981 Required clearing balances 7,981 + 1 - 751 7,981 Adjustments to compensate for float 0 0 0 0 Other 219 - 12 - 16 219 Other liabilities and capital 32,895 - 175 + 5,209 32,482 Total factors, other than reserve balances, absorbing reserve funds 856,909 - 2,610 + 37,591 856,797 Reserve balances with Federal Reserve Banks 7,085 - 4,102 - 5,697 5,841 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,592,189 + 5,240 + 200,509 1,594,287 U.S. Treasury 1,127,540 + 4,435 + 42,492 1,129,854 Federal agency 464,649 + 805 + 158,017 464,433 Securities lent to dealers 925 - 702 - 2,351 1,107 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 Mar 29, 2006 Mar 22, 2006 Mar 30, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 789 - 6 + 76 Securities, repurchase agreements, and loans 778,280 - 4,928 + 28,932 Securities held outright 758,529 + 1,272 + 40,993 U.S. Treasury (1) 758,529 + 1,272 + 40,993 Bills (2) 275,370 + 1,228 + 12,365 Notes and bonds, nominal (2) 457,177 0 + 24,081 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,336 + 44 + 1,010 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,500 - 6,250 - 12,250 Loans 251 + 50 + 189 Items in process of collection (960) 5,259 + 361 - 270 Bank premises 1,824 - 1 + 18 Other assets (5) 37,471 + 271 - 1,260 Total assets (960) 836,862 - 4,303 + 27,497 Liabilities Federal Reserve notes net of FR Bank holdings 753,127 + 222 + 33,439 Reverse repurchase agreements (6) 22,419 - 1,732 - 1,272 Deposits (0) 22,881 - 2,599 - 8,902 Depository institutions 17,959 - 2,812 - 8,290 U.S. Treasury, general account 4,619 + 205 - 579 Foreign official 84 + 13 - 18 Other (0) 219 - 4 - 16 Deferred availability cash items (960) 5,953 - 139 - 576 Other liabilities and accrued dividends (7) 4,647 + 73 + 1,422 Total liabilities (960) 809,027 - 4,175 + 24,111 Capital Accounts Capital paid in 13,748 + 17 + 1,189 Surplus 12,901 0 + 1,724 Other capital accounts 1,186 - 145 + 472 Total capital 27,835 - 128 + 3,386 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, March 29, 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 251 54,045 - 451 0 0 19,500 22,419 16 days to 90 days 0 167,569 + 467 0 0 0 0 91 days to 1 year 0 186,079 + 1,216 0 0 ------ ------ Over 1 to 5 years ------ 215,479 + 13 0 0 ------ ------ Over 5 to 10 years ------ 55,375 + 7 0 0 ------ ------ Over 10 years ------ 79,982 + 20 0 0 ------ ------ All 251 758,529 + 1,272 0 0 19,500 22,419 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 March 29, 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 11,040 510 4,358 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 789 38 70 51 64 73 83 93 41 35 64 66 111 Securities, repurchase agreements, and loans 778,280 38,978 320,293 26,908 32,044 57,888 58,684 68,348 23,538 15,850 21,456 37,361 76,932 Securities held outright 758,529 38,809 300,783 26,908 32,044 57,888 58,684 68,309 23,538 15,842 21,454 37,359 76,910 U.S. Treasury (1) 758,529 38,809 300,783 26,908 32,044 57,888 58,684 68,309 23,538 15,842 21,454 37,359 76,910 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) 483,160 24,720 191,590 17,140 20,411 36,873 37,380 43,511 14,993 10,091 13,666 23,796 48,989 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,500 0 19,500 0 0 0 0 0 0 0 0 0 0 Loans 251 169 10 0 0 0 0 38 0 7 1 2 22 Items in process of collection 6,218 636 363 345 554 396 877 263 377 155 440 339 1,475 Bank premises 1,824 113 206 55 157 153 232 210 70 119 92 260 159 Other assets(5) 37,471 1,245 13,982 1,677 2,177 6,562 2,556 2,644 728 689 694 1,000 3,517 Interdistrict settlement account 0 - 4,380 -25,651 + 6,601 + 583 + 6,145 + 8,772 - 3,210 + 337 - 223 + 2,374 - 4,053 +12,705 Total Assets 837,822 37,255 314,495 36,153 36,136 72,201 72,315 69,487 25,489 16,866 25,503 35,619 96,304 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 March 29, 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 912,770 38,700 330,381 39,226 36,830 72,852 87,398 76,315 27,754 17,604 27,418 49,453 108,838 Less: notes held by F.R. Banks 159,643 4,811 44,894 6,847 5,589 12,845 22,174 12,871 4,075 2,510 4,225 17,117 21,686 Federal Reserve notes, net 753,127 33,889 285,487 32,379 31,241 60,007 65,225 63,444 23,679 15,095 23,193 32,336 87,152 Reverse repurchase agreements (1) 22,419 1,147 8,890 795 947 1,711 1,734 2,019 696 468 634 1,104 2,273 Deposits 22,881 811 10,115 687 1,196 1,733 1,957 1,425 485 336 610 989 2,536 Depository institutions 17,959 809 5,276 685 1,192 1,672 1,954 1,422 484 335 608 989 2,532 U.S. Treasury, general account 4,619 0 4,619 0 0 0 0 0 0 0 0 0 0 Foreign official 84 1 56 2 3 11 3 3 0 1 1 0 4 Other 219 0 164 0 1 50 0 0 0 0 1 0 0 Deferred availability cash items 6,913 490 791 587 493 574 893 372 160 345 549 507 1,154 Other liabilities and accrued dividends (2) 4,647 241 1,621 191 229 457 379 425 168 123 146 230 436 Total liabilities 809,987 36,578 306,904 34,640 34,106 64,482 70,188 67,684 25,188 16,367 25,132 35,166 93,551 Capital Capital paid in 13,748 324 3,670 750 1,000 3,946 1,050 877 145 244 178 212 1,353 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,186 37 235 19 17 465 184 49 11 10 18 88 52 Total liabilities and capital 837,822 37,255 314,495 36,153 36,136 72,201 72,315 69,487 25,489 16,866 25,503 35,619 96,304 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 Mar 29, 2006 Federal Reserve notes outstanding 912,770 Less: Notes held by F.R. Banks not subject to collateralization 159,643 Federal Reserve Notes to be collateralized 753,127 Collateral held against Federal Reserve notes 753,127 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 739,888 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 778,029 Less:face value of securities under reverse repurchase agreements 22,449 U.S. Treasury and agency securities eligible to be pledged 755,580 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.