FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks November 25, 2005 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 Nov 23, 2005 Nov 16, 2005 Nov 24, 2004 Nov 23, 2005 Federal Reserve Banks Reserve Bank Credit 806,510 - 2,363 + 26,640 815,172 Securities held outright 743,500 + 1,425 + 32,236 744,301 U.S. Treasury (1) 743,500 + 1,425 + 32,236 744,301 Bills (2) 271,128 + 110 + 10,264 271,270 Notes and bonds, nominal (2) 449,158 + 1,252 + 16,632 449,784 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 19,983 Inflation compensation (3) 3,231 + 63 + 1,040 3,263 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,571 - 1,036 - 4,036 32,500 Loans to depository institutions 118 - 34 + 42 108 Primary credit 23 - 23 + 18 11 Secondary credit 0 0 0 0 Seasonal credit 94 - 12 + 23 97 Float 1,097 - 599 + 589 770 Other Federal Reserve assets 37,224 - 2,119 - 2,190 37,494 Gold stock 11,041 0 - 2 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,527 + 14 + 110 36,527 Total factors supplying reserve funds 856,277 - 2,350 + 26,747 864,940 Currency in circulation(5) 776,978 + 707 + 27,155 781,203 Reverse repurchase agreements (6) 24,928 - 629 - 2,727 24,487 Foreign official and international accounts 24,928 - 629 - 2,727 24,487 Dealers 0 0 0 0 Treasury cash holdings 210 - 9 - 83 204 Deposits with F.R.Banks, other than reserve balances 14,334 + 621 - 423 13,335 U.S. Treasury, general account 5,107 + 585 + 688 4,162 Foreign official 81 - 7 - 1 80 Service-related 8,823 - 18 - 1,138 8,823 Required clearing balances 8,823 - 2 - 1,138 8,823 Adjustments to compensate for float 0 - 16 0 0 Other 323 + 61 + 29 270 Other liabilities and capital 32,111 + 370 + 6,744 32,097 Total factors, other than reserve balances, absorbing reserve funds 848,561 + 1,059 + 30,665 851,326 Reserve balances with Federal Reserve Banks 7,717 - 3,408 - 3,917 13,614 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,499,649 + 11,590 + 182,902 1,503,176 U.S. Treasury 1,098,431 + 7,586 + 37,220 1,100,887 Federal agency 401,218 + 4,004 + 145,683 402,289 Securities lent to dealers 3,701 + 712 - 618 9,342 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 Nov 23, 2005 Nov 16, 2005 Nov 24, 2004 Assets Gold certificate account 11,036 0 - 3 Special drawing rights certificate account 2,200 0 0 Coin 706 - 22 - 33 Securities, repurchase agreements, and loans 776,908 + 13,923 + 26,241 Securities held outright 744,301 + 1,423 + 32,706 U.S. Treasury (1) 744,301 + 1,423 + 32,706 Bills (2) 271,270 + 252 + 10,080 Notes and bonds, nominal (2) 449,784 + 1,096 + 17,258 Notes and bonds, inflation-indexed (2) 19,983 0 + 4,300 Inflation compensation (3) 3,263 + 75 + 1,067 Federal agency (2) 0 0 0 Repurchase agreements (4) 32,500 + 12,500 - 6,500 Loans 108 + 1 + 36 Items in process of collection (1,033) 7,467 - 4,502 + 420 Bank premises 1,843 + 2 + 90 Other assets (5) 35,601 + 475 - 2,357 Total assets (1,033) 835,761 + 9,876 + 24,358 Liabilities Federal Reserve notes net of FR Bank holdings 745,582 + 4,291 + 26,686 Reverse repurchase agreements (6) 24,487 - 831 - 3,597 Deposits (0) 26,896 + 7,178 - 5,379 Depository institutions 22,384 + 7,423 - 4,936 U.S. Treasury, general account 4,162 - 254 - 413 Foreign official 80 - 1 - 4 Other (0) 270 + 9 - 26 Deferred availability cash items (1,033) 6,699 - 1,309 - 258 Other liabilities and accrued dividends (7) 4,194 + 45 + 1,186 Total liabilities (1,033) 807,859 + 9,375 + 18,640 Capital Accounts Capital paid in 13,498 + 40 + 1,927 Surplus 11,630 0 + 2,783 Other capital accounts 2,775 + 461 + 1,010 Total capital 27,903 + 501 + 5,719 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, November 23, 2005 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 104 55,815 - 282 0 0 32,500 24,487 16 days to 90 days 4 155,572 + 3,542 0 0 0 0 91 days to 1 year 0 188,251 - 3,008 0 0 ------ ------ Over 1 to 5 years ------ 210,812 + 1,125 0 0 ------ ------ Over 5 to 10 years ------ 56,681 + 3,241 0 0 ------ ------ Over 10 years ------ 77,170 - 3,195 0 0 ------ ------ All 108 744,301 + 1,423 0 0 32,500 24,487 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 November 23, 2005 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 11,036 510 4,354 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 706 30 52 47 55 61 97 72 34 22 59 70 107 Securities, repurchase agreements, and loans 776,908 38,081 327,641 26,407 31,443 56,802 57,589 67,058 23,115 15,563 21,073 36,661 75,475 Securities held outright 744,301 38,081 295,141 26,404 31,443 56,802 57,583 67,028 23,096 15,545 21,052 36,658 75,467 U.S. Treasury (1) 744,301 38,081 295,141 26,404 31,443 56,802 57,583 67,028 23,096 15,545 21,052 36,658 75,467 Bills (2) 271,270 13,879 107,568 9,623 11,460 20,702 20,987 24,429 8,418 5,666 7,673 13,360 27,505 Notes and bonds(3) 473,030 24,202 187,573 16,781 19,983 36,100 36,596 42,599 14,679 9,880 13,379 23,297 47,962 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 32,500 0 32,500 0 0 0 0 0 0 0 0 0 0 Loans 108 0 0 3 0 0 6 30 19 18 21 3 8 Items in process of collection 8,499 453 436 347 274 416 2,277 432 241 350 980 465 1,827 Bank premises 1,843 108 204 53 158 143 272 209 69 120 81 262 165 Other assets(5) 35,601 3,101 13,535 982 2,356 4,615 1,965 2,451 868 715 644 919 3,451 Interdistrict settlement account 0 - 3,287 -32,323 + 6,894 + 1,585 + 6,800 + 3,215 + 2,347 + 239 - 437 + 458 - 2,936 +17,446 Total Assets 836,794 39,110 314,772 35,246 36,428 69,821 66,526 73,709 24,964 16,576 23,679 36,087 99,877 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 November 23, 2005 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 899,236 39,003 328,896 37,448 36,456 68,930 81,432 76,591 26,379 17,222 26,276 50,149 110,452 Less: notes held by F.R. Banks 153,655 4,569 44,739 5,862 5,364 12,533 21,966 10,231 3,483 2,598 5,184 17,023 20,104 Federal Reserve notes, net 745,582 34,435 284,157 31,586 31,092 56,398 59,466 66,361 22,896 14,625 21,091 33,126 90,348 Reverse repurchase agreements (1) 24,487 1,253 9,710 869 1,034 1,869 1,894 2,205 760 511 693 1,206 2,483 Deposits 26,896 862 11,000 664 1,469 3,563 2,013 2,564 579 311 622 709 2,538 Depository institutions 22,384 854 6,613 663 1,465 3,474 2,011 2,561 572 310 621 709 2,531 U.S. Treasury, general account 4,162 0 4,162 0 0 0 0 0 0 0 0 0 0 Foreign official 80 5 52 1 4 7 2 3 1 1 1 0 4 Other 270 3 173 0 1 82 1 0 7 0 1 0 2 Deferred availability cash items 7,732 623 779 591 501 544 980 384 175 496 775 503 1,380 Other liabilities and accrued dividends (2) 4,194 217 1,449 171 213 434 339 380 151 117 133 208 382 Total liabilities 808,891 37,390 307,095 33,881 34,309 62,808 64,694 71,894 24,562 16,061 23,314 35,753 97,132 Capital Capital paid in 13,498 315 3,682 746 1,010 3,941 888 874 143 245 174 153 1,328 Surplus 11,630 1,353 3,430 294 1,065 2,148 516 763 236 254 153 135 1,283 Other capital 2,775 52 566 325 44 924 428 177 23 16 39 47 134 Total liabilities and capital 836,794 39,110 314,772 35,246 36,428 69,821 66,526 73,709 24,964 16,576 23,679 36,087 99,877 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 Nov 23, 2005 Federal Reserve notes outstanding 899,236 Less: Notes held by F.R. Banks not subject to collateralization 153,655 Federal Reserve Notes to be collateralized 745,582 Collateral held against Federal Reserve notes 745,582 Gold certificate account 11,036 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 732,345 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 776,801 Less:face value of securities under reverse repurchase agreements 24,514 U.S. Treasury and agency securities eligible to be pledged 752,287 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.