FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 7, 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 Sep 6, 2006 Aug 30, 2006 Sep 7, 2005 Sep 6, 2006 Federal Reserve Banks Reserve Bank Credit 832,105 + 3,233 + 32,828 832,153 Securities held outright 766,751 + 1,353 + 36,340 766,757 U.S. Treasury (1) 766,751 + 1,353 + 36,340 766,757 Bills (2) 277,019 0 + 9,239 277,019 Notes and bonds, nominal (2) 459,695 + 1,335 + 19,403 459,695 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 26,019 Inflation compensation (3) 4,019 + 18 + 1,214 4,025 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,357 + 1,964 - 3,893 19,750 Loans to depository institutions 345 - 67 + 24 348 Primary credit 3 - 49 - 17 7 Secondary credit 0 0 0 0 Seasonal credit 341 - 20 + 40 341 Float -156 + 70 + 296 6,372 Other Federal Reserve assets 38,808 - 88 + 61 38,926 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,096 + 14 + 1,667 38,096 Total factors supplying reserve funds 883,442 + 3,247 + 34,495 883,489 Currency in circulation(5) 798,573 + 4,979 + 29,616 799,340 Reverse repurchase agreements (6) 27,051 + 1,283 + 1,836 26,878 Foreign official and international accounts 27,051 + 1,283 + 1,836 26,878 Dealers 0 0 0 0 Treasury cash holdings 172 + 2 - 89 177 Deposits with F.R.Banks, other than reserve balances 11,925 - 505 - 2,185 11,545 U.S. Treasury, general account 4,531 - 564 - 255 4,373 Foreign official 92 + 2 - 50 104 Service-related 6,791 - 190 - 2,093 6,791 Required clearing balances 6,791 - 190 - 2,093 6,791 Adjustments to compensate for float 0 0 0 0 Other 512 + 249 + 214 277 Other liabilities and capital 35,852 + 210 + 4,495 35,454 Total factors, other than reserve balances, absorbing reserve funds 873,574 + 5,970 + 33,675 873,394 Reserve balances with Federal Reserve Banks 9,868 - 2,723 + 821 10,095 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,680,372 + 1,492 + 213,850 1,684,992 U.S. Treasury 1,144,647 + 829 + 47,360 1,149,942 Federal agency 535,725 + 663 + 166,490 535,050 Securities lent to dealers 3,299 - 970 + 352 1,911 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 Sep 6, 2006 Aug 30, 2006 Sep 7, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 780 - 1 + 125 Securities, repurchase agreements, and loans 786,855 - 10,825 + 24,606 Securities held outright 766,757 + 19 + 36,339 U.S. Treasury (1) 766,757 + 19 + 36,339 Bills (2) 277,019 0 + 9,239 Notes and bonds, nominal (2) 459,695 0 + 19,403 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 Inflation compensation (3) 4,025 + 19 + 1,212 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,750 - 10,500 - 11,750 Loans 348 - 345 + 17 Items in process of collection (2,927) 12,790 + 8,730 + 3,015 Bank premises 1,882 + 5 + 50 Other assets (5) 36,969 - 202 - 49 Total assets (2,927) 852,512 - 2,294 + 27,746 Liabilities Federal Reserve notes net of FR Bank holdings 762,197 + 2,191 + 26,996 Reverse repurchase agreements (6) 26,878 + 794 + 1,724 Deposits (0) 21,565 - 7,266 - 3,281 Depository institutions 16,811 - 6,757 - 3,194 U.S. Treasury, general account 4,373 - 546 - 72 Foreign official 104 + 15 + 22 Other (0) 277 + 22 - 37 Deferred availability cash items (2,927) 6,418 + 1,956 - 2,131 Other liabilities and accrued dividends (7) 5,339 + 9 + 1,694 Total liabilities (2,927) 822,397 - 2,317 + 25,002 Capital Accounts Capital paid in 15,064 + 4 + 1,661 Surplus 12,901 0 + 1,271 Other capital accounts 2,151 + 20 - 187 Total capital 30,116 + 24 + 2,745 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, September 6, 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 50 55,397 - 8,371 0 0 19,750 26,878 16 days to 90 days 298 171,654 + 6,755 0 0 0 0 91 days to 1 year 0 185,406 + 910 0 0 ------ ------ Over 1 to 5 years ------ 213,289 + 713 0 0 ------ ------ Over 5 to 10 years ------ 59,717 + 4 0 0 ------ ------ Over 10 years ------ 81,294 + 9 0 0 ------ ------ All 348 766,757 + 19 0 0 19,750 26,878 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 September 6, 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 780 25 47 41 69 69 104 98 39 32 64 77 115 Securities, repurchase agreements, and loans 786,855 36,588 303,548 33,289 33,108 63,695 64,204 70,494 24,432 15,699 22,499 34,418 84,880 Securities held outright 766,757 36,588 283,798 33,289 33,108 63,695 64,190 70,404 24,361 15,588 22,452 34,411 84,872 U.S. Treasury (1) 766,757 36,588 283,798 33,289 33,108 63,695 64,190 70,404 24,361 15,588 22,452 34,411 84,872 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) 489,738 23,370 181,266 21,262 21,147 40,683 40,999 44,968 15,560 9,956 14,341 21,979 54,209 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,750 0 19,750 0 0 0 0 0 0 0 0 0 0 Loans 348 0 0 0 0 0 14 90 71 112 47 7 7 Items in process of collection 15,716 732 900 1,697 3,297 950 1,346 873 398 431 871 894 3,326 Bank premises 1,882 112 207 57 157 159 230 209 72 117 129 258 174 Other assets(5) 36,969 1,147 13,333 1,849 2,192 6,780 2,596 2,594 691 669 676 880 3,561 Interdistrict settlement account 0 - 1,270 + 2,621 + 300 - 2,608 + 5,793 + 6,676 - 9,626 - 607 - 342 + 1,087 - 1,767 - 258 Total Assets 855,439 37,936 325,670 37,779 36,765 78,446 76,345 65,802 25,424 16,847 25,716 35,434 93,275 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 September 6, 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 931,851 38,194 348,573 39,183 37,125 74,238 93,746 73,192 27,211 17,189 27,258 50,017 105,926 Less: notes held by F.R. Banks 169,654 3,841 49,943 7,363 5,996 12,821 24,639 14,178 3,872 2,303 3,941 17,817 22,942 Federal Reserve notes, net 762,197 34,353 298,630 31,820 31,128 61,417 69,107 59,014 23,339 14,886 23,318 32,200 82,985 Reverse repurchase agreements (1) 26,878 1,283 9,948 1,167 1,161 2,233 2,250 2,468 854 546 787 1,206 2,975 Deposits 21,565 594 7,300 517 999 5,281 1,422 1,242 475 334 484 662 2,254 Depository institutions 16,811 592 2,653 514 996 5,198 1,420 1,239 471 333 482 662 2,250 U.S. Treasury, general account 4,373 0 4,373 0 0 0 0 0 0 0 0 0 0 Foreign official 104 1 75 2 3 11 3 3 0 1 1 0 4 Other 277 0 199 0 0 72 0 0 3 0 1 0 0 Deferred availability cash items 9,345 652 352 1,164 946 909 893 818 232 442 588 666 1,683 Other liabilities and accrued dividends (2) 5,339 262 1,793 253 258 527 457 483 196 138 176 253 542 Total liabilities 825,323 37,143 318,023 34,921 34,493 70,366 74,129 64,025 25,096 16,347 25,352 34,988 90,439 Capital Capital paid in 15,064 383 3,691 1,748 1,126 4,019 1,084 841 156 243 174 211 1,387 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,151 94 270 367 132 753 239 59 28 12 15 82 99 Total liabilities and capital 855,439 37,936 325,670 37,779 36,765 78,446 76,345 65,802 25,424 16,847 25,716 35,434 93,275 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 Sep 6, 2006 Federal Reserve notes outstanding 931,851 Less: Notes held by F.R. Banks not subject to collateralization 169,654 Federal Reserve Notes to be collateralized 762,197 Collateral held against Federal Reserve notes 762,197 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 748,960 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 786,507 Less:face value of securities under reverse repurchase agreements 26,917 U.S. Treasury and agency securities eligible to be pledged 759,590 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.