FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks May 4, 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 May 3, 2006 Apr 26, 2006 May 4, 2005 May 3, 2006 Federal Reserve Banks Reserve Bank Credit 823,061 + 2,991 + 36,636 825,966 Securities held outright 759,694 + 798 + 40,338 759,704 U.S. Treasury (1) 759,694 + 798 + 40,338 759,704 Bills (2) 275,370 0 + 12,365 275,370 Notes and bonds, nominal (2) 458,273 + 783 + 23,488 458,273 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,404 + 14 + 947 3,415 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,071 + 3,535 - 1,072 25,750 Loans to depository institutions 138 + 19 + 27 135 Primary credit 25 - 4 + 20 5 Secondary credit 0 0 0 0 Seasonal credit 113 + 23 + 6 130 Float -3,048 - 2,060 - 1,907 -747 Other Federal Reserve assets 41,207 + 700 - 749 41,123 Gold stock 11,041 - 2 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 37,939 + 14 + 1,394 37,939 Total factors supplying reserve funds 874,242 + 3,004 + 38,031 877,146 Currency in circulation(5) 791,794 + 1,139 + 38,125 794,178 Reverse repurchase agreements (6) 24,371 + 318 - 1,984 24,478 Foreign official and international accounts 24,371 + 318 - 1,984 24,478 Dealers 0 0 0 0 Treasury cash holdings 181 - 18 - 76 177 Deposits with F.R.Banks, other than reserve balances 12,453 - 481 - 1,870 12,338 U.S. Treasury, general account 5,366 + 413 + 503 5,215 Foreign official 98 + 13 - 3 116 Service-related 6,697 - 914 - 2,328 6,697 Required clearing balances 6,697 - 914 - 2,328 6,697 Adjustments to compensate for float 0 0 0 0 Other 293 + 9 - 42 310 Other liabilities and capital 33,720 + 232 + 4,921 33,163 Total factors, other than reserve balances, absorbing reserve funds 862,520 + 1,191 + 39,117 864,334 Reserve balances with Federal Reserve Banks 11,722 + 1,813 - 1,086 12,812 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,611,845 + 8,200 + 212,905 1,614,759 U.S. Treasury 1,119,085 + 1,527 + 41,977 1,121,056 Federal agency 492,760 + 6,672 + 170,927 493,703 Securities lent to dealers 1,671 + 1,184 - 1,821 1,363 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 May 3, 2006 Apr 26, 2006 May 4, 2005 Assets Gold certificate account 11,037 - 2 0 Special drawing rights certificate account 2,200 0 0 Coin 803 - 2 + 115 Securities, repurchase agreements, and loans 785,590 - 949 + 44,594 Securities held outright 759,704 + 21 + 40,332 U.S. Treasury (1) 759,704 + 21 + 40,332 Bills (2) 275,370 0 + 12,365 Notes and bonds, nominal (2) 458,273 0 + 23,488 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,415 + 21 + 942 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,750 - 1,000 + 4,250 Loans 135 + 30 + 11 Items in process of collection (1,325) 6,362 + 77 - 1,183 Bank premises 1,835 + 2 + 25 Other assets (5) 39,186 + 176 - 800 Total assets (1,325) 847,014 - 697 + 42,752 Liabilities Federal Reserve notes net of FR Bank holdings 757,215 + 2,057 + 37,478 Reverse repurchase agreements (6) 24,478 + 1,568 - 1,582 Deposits (0) 25,049 - 5,210 + 2,885 Depository institutions 19,408 - 4,876 + 2,298 U.S. Treasury, general account 5,215 - 395 + 597 Foreign official 116 + 31 + 37 Other (0) 310 + 30 - 47 Deferred availability cash items (1,325) 7,109 + 915 - 548 Other liabilities and accrued dividends (7) 4,646 - 4 + 1,354 Total liabilities (1,325) 818,496 - 676 + 39,585 Capital Accounts Capital paid in 13,825 + 9 + 1,072 Surplus 12,901 0 + 1,504 Other capital accounts 1,792 - 30 + 592 Total capital 28,518 - 20 + 3,167 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, May 3, 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 23 65,706 + 2,520 0 0 25,750 24,478 16 days to 90 days 113 165,126 - 1,223 0 0 0 0 91 days to 1 year 0 177,251 - 579 0 0 ------ ------ Over 1 to 5 years ------ 216,216 - 710 0 0 ------ ------ Over 5 to 10 years ------ 55,387 + 3 0 0 ------ ------ Over 10 years ------ 80,018 + 9 0 0 ------ ------ All 135 759,704 + 21 0 0 25,750 24,478 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 May 3, 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 803 41 55 43 81 67 87 94 40 37 63 69 127 Securities, repurchase agreements, and loans 785,590 36,261 306,937 32,983 32,804 63,109 63,607 69,820 24,147 15,468 22,257 34,096 84,100 Securities held outright 759,704 36,252 281,187 32,983 32,804 63,109 63,600 69,756 24,137 15,444 22,246 34,095 84,092 U.S. Treasury (1) 759,704 36,252 281,187 32,983 32,804 63,109 63,600 69,756 24,137 15,444 22,246 34,095 84,092 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) 484,335 23,112 179,265 21,028 20,913 40,234 40,547 44,472 15,388 9,846 14,182 21,736 53,611 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,750 0 25,750 0 0 0 0 0 0 0 0 0 0 Loans 135 9 0 0 0 0 7 65 10 23 12 1 8 Items in process of collection 7,687 452 445 1,040 676 562 717 244 253 249 655 735 1,659 Bank premises 1,835 113 205 55 156 153 231 209 69 118 101 258 167 Other assets(5) 39,186 1,259 14,162 1,856 2,296 6,986 2,784 2,798 781 717 743 983 3,821 Interdistrict settlement account 0 - 1,032 - 3,835 + 110 - 96 + 3,879 + 3,144 - 5,455 - 251 + 256 + 1,754 - 2,081 + 3,607 Total Assets 848,338 37,694 322,981 36,635 36,468 75,756 71,761 68,869 25,438 17,085 25,963 34,733 94,956 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 May 3, 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 916,879 38,505 336,330 39,396 36,864 73,817 86,733 75,486 27,590 17,502 27,445 49,158 108,050 Less: notes held by F.R. Banks 159,664 4,639 42,854 6,946 5,997 12,581 22,752 13,243 4,120 2,447 4,099 17,799 22,187 Federal Reserve notes, net 757,215 33,866 293,476 32,451 30,867 61,235 63,982 62,243 23,470 15,055 23,347 31,359 85,863 Reverse repurchase agreements (1) 24,478 1,168 9,060 1,063 1,057 2,033 2,049 2,248 778 498 717 1,099 2,709 Deposits 25,049 1,141 10,435 668 1,558 3,111 2,231 1,698 514 515 602 751 1,826 Depository institutions 19,408 1,135 4,963 666 1,555 2,968 2,228 1,695 513 514 600 750 1,822 U.S. Treasury, general account 5,215 0 5,215 0 0 0 0 0 0 0 0 0 0 Foreign official 116 1 87 2 3 11 3 3 0 1 1 0 4 Other 310 6 170 0 0 132 0 0 0 0 1 0 0 Deferred availability cash items 8,434 610 798 726 688 757 933 401 195 393 776 866 1,293 Other liabilities and accrued dividends (2) 4,646 230 1,539 219 231 493 395 417 166 121 156 216 462 Total liabilities 819,821 37,016 315,307 35,126 34,402 67,630 69,589 67,007 25,122 16,581 25,597 34,291 92,154 Capital Capital paid in 13,825 324 3,670 729 1,014 4,006 1,052 896 148 242 174 210 1,358 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,792 38 319 35 38 813 228 89 23 17 18 79 95 Total liabilities and capital 848,338 37,694 322,981 36,635 36,468 75,756 71,761 68,869 25,438 17,085 25,963 34,733 94,956 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 May 3, 2006 Federal Reserve notes outstanding 916,879 Less: Notes held by F.R. Banks not subject to collateralization 159,664 Federal Reserve Notes to be collateralized 757,215 Collateral held against Federal Reserve notes 757,215 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 743,978 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 785,454 Less:face value of securities under reverse repurchase agreements 24,508 U.S. Treasury and agency securities eligible to be pledged 760,947 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.