FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 2, 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 Feb 1, 2006 Jan 25, 2006 Feb 2, 2005 Feb 1, 2006 Federal Reserve Banks Reserve Bank Credit 814,350 + 2,389 + 30,123 813,158 Securities held outright 748,672 + 2,744 + 30,817 748,840 U.S. Treasury (1) 748,672 + 2,744 + 30,817 748,840 Bills (2) 272,837 + 3 + 9,857 272,854 Notes and bonds, nominal (2) 451,671 + 2,282 + 16,528 450,580 Notes and bonds, inflation-indexed (2) 20,936 + 505 + 3,542 22,196 Inflation compensation (3) 3,229 - 45 + 892 3,210 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,393 - 250 - 928 23,000 Loans to depository institutions 40 + 1 - 21 55 Primary credit 11 + 1 - 31 30 Secondary credit 0 0 0 0 Seasonal credit 29 + 1 + 10 25 Float -177 - 290 - 241 1,054 Other Federal Reserve assets 40,423 + 184 + 496 40,208 Gold stock 11,043 0 0 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,666 + 14 + 232 36,666 Total factors supplying reserve funds 864,259 + 2,403 + 30,355 863,068 Currency in circulation(5) 781,146 - 1,029 + 34,135 783,830 Reverse repurchase agreements (6) 23,811 + 235 - 2,994 23,180 Foreign official and international accounts 23,811 + 235 - 2,994 23,180 Dealers 0 0 0 0 Treasury cash holdings 215 + 6 - 57 208 Deposits with F.R.Banks, other than reserve balances 14,169 - 295 - 260 14,194 U.S. Treasury, general account 5,117 - 197 + 47 5,095 Foreign official 83 + 1 - 14 83 Service-related 8,695 0 - 251 8,695 Required clearing balances 8,695 0 - 251 8,695 Adjustments to compensate for float 0 0 0 0 Other 274 - 98 - 42 321 Other liabilities and capital 31,486 + 57 + 4,871 30,948 Total factors, other than reserve balances, absorbing reserve funds 850,827 - 1,027 + 35,695 852,360 Reserve balances with Federal Reserve Banks 13,432 + 3,429 - 5,340 10,708 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,540,038 + 3,168 + 193,543 1,542,207 U.S. Treasury 1,101,638 - 2,686 + 39,838 1,103,969 Federal agency 438,400 + 5,854 + 153,705 438,238 Securities lent to dealers 3,713 + 1,442 + 74 4,448 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 Feb 1, 2006 Jan 25, 2006 Feb 2, 2005 Assets Gold certificate account 11,040 + 1 + 2 Special drawing rights certificate account 2,200 0 0 Coin 810 + 40 + 4 Securities, repurchase agreements, and loans 771,896 + 278 + 29,665 Securities held outright 748,840 + 2,252 + 30,942 U.S. Treasury (1) 748,840 + 2,252 + 30,942 Bills (2) 272,854 + 20 + 9,849 Notes and bonds, nominal (2) 450,580 + 515 + 17,151 Notes and bonds, inflation-indexed (2) 22,196 + 1,765 + 3,088 Inflation compensation (3) 3,210 - 48 + 854 Federal agency (2) 0 0 0 Repurchase agreements (4) 23,000 - 2,000 - 1,250 Loans 55 + 25 - 28 Items in process of collection (1,482) 8,508 + 2,922 + 562 Bank premises 1,824 + 1 + 43 Other assets (5) 38,386 - 236 - 1,980 Total assets (1,482) 834,663 + 3,004 + 28,295 Liabilities Federal Reserve notes net of FR Bank holdings 748,178 + 1,725 + 33,929 Reverse repurchase agreements (6) 23,180 + 1,489 - 4,692 Deposits (0) 24,905 - 940 - 4,836 Depository institutions 19,406 - 717 - 4,773 U.S. Treasury, general account 5,095 - 171 - 2 Foreign official 83 + 2 - 73 Other (0) 321 - 53 + 12 Deferred availability cash items (1,482) 7,453 + 1,055 - 503 Other liabilities and accrued dividends (7) 4,102 + 66 + 1,268 Total liabilities (1,482) 807,818 + 3,394 + 25,166 Capital Accounts Capital paid in 13,558 + 7 + 1,121 Surplus 12,879 - 22 + 1,883 Other capital accounts 408 - 375 + 125 Total capital 26,845 - 390 + 3,129 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, February 1, 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 35 54,102 - 5,245 0 0 23,000 23,180 16 days to 90 days 20 162,842 + 6,692 0 0 0 0 91 days to 1 year 0 186,158 - 2,706 0 0 ------ ------ Over 1 to 5 years ------ 209,981 + 1,702 0 0 ------ ------ Over 5 to 10 years ------ 56,647 + 70 0 0 ------ ------ Over 10 years ------ 79,111 + 1,740 0 0 ------ ------ All 55 748,840 + 2,252 0 0 23,000 23,180 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 February 1, 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 810 33 56 42 62 89 110 93 46 30 68 75 105 Securities, repurchase agreements, and loans 771,896 38,318 319,941 26,565 31,635 57,149 57,934 67,452 23,267 15,641 21,184 36,882 75,928 Securities held outright 748,840 38,313 296,941 26,565 31,635 57,149 57,934 67,437 23,237 15,640 21,180 36,882 75,928 U.S. Treasury (1) 748,840 38,313 296,941 26,565 31,635 57,149 57,934 67,437 23,237 15,640 21,180 36,882 75,928 Bills (2) 272,854 13,960 108,196 9,679 11,527 20,823 21,109 24,572 8,467 5,699 7,717 13,438 27,666 Notes and bonds(3) 475,986 24,353 188,745 16,885 20,108 36,326 36,825 42,865 14,770 9,941 13,463 23,443 48,262 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 23,000 0 23,000 0 0 0 0 0 0 0 0 0 0 Loans 55 5 0 0 0 0 0 16 29 1 4 0 0 Items in process of collection 9,989 498 742 537 1,180 518 1,718 360 569 484 731 883 1,770 Bank premises 1,824 112 205 54 157 153 232 210 69 119 88 260 165 Other assets(5) 38,386 3,269 14,563 1,145 2,482 4,883 2,178 2,690 943 758 712 1,041 3,724 Interdistrict settlement account 0 - 5,178 -31,693 + 4,794 - 54 + 7,406 +11,668 - 51 + 944 - 588 + 1,665 - 3,905 +14,992 Total Assets 836,145 37,678 309,046 33,651 36,019 71,180 74,951 71,894 26,236 16,686 24,832 35,883 98,090 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 February 1, 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 909,157 39,165 326,185 37,272 36,228 71,005 88,380 77,399 27,948 17,775 27,718 49,908 110,171 Less: notes held by F.R. Banks 160,979 5,171 47,170 7,405 5,557 12,449 20,861 12,154 3,667 2,894 5,370 17,013 21,268 Federal Reserve notes, net 748,178 33,994 279,015 29,868 30,671 58,556 67,519 65,245 24,281 14,880 22,348 32,895 88,904 Reverse repurchase agreements (1) 23,180 1,186 9,192 822 979 1,769 1,793 2,087 719 484 656 1,142 2,350 Deposits 24,905 980 10,800 563 1,357 2,354 2,162 1,879 561 339 727 798 2,385 Depository institutions 19,406 973 5,476 561 1,353 2,211 2,160 1,876 555 338 726 796 2,381 U.S. Treasury, general account 5,095 0 5,095 0 0 0 0 0 0 0 0 0 0 Foreign official 83 5 55 1 4 7 2 3 1 1 1 0 4 Other 321 1 173 2 0 136 0 1 5 0 1 1 0 Deferred availability cash items 8,935 667 1,091 738 792 715 1,327 512 221 382 609 517 1,364 Other liabilities and accrued dividends (2) 4,102 223 1,442 166 202 379 335 375 153 111 130 207 380 Total liabilities 809,300 37,050 301,540 32,157 34,001 63,773 73,136 70,099 25,936 16,197 24,471 35,558 95,384 Capital Capital paid in 13,558 323 3,688 744 1,014 3,944 893 884 144 243 175 153 1,352 Surplus 12,879 304 3,685 744 1,004 3,307 892 876 144 245 175 153 1,349 Other capital 408 0 132 6 0 156 30 35 12 1 11 20 5 Total liabilities and capital 836,145 37,678 309,046 33,651 36,019 71,180 74,951 71,894 26,236 16,686 24,832 35,883 98,090 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 Feb 1, 2006 Federal Reserve notes outstanding 909,157 Less: Notes held by F.R. Banks not subject to collateralization 160,979 Federal Reserve Notes to be collateralized 748,178 Collateral held against Federal Reserve notes 748,178 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 734,938 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 771,840 Less:face value of securities under reverse repurchase agreements 23,206 U.S. Treasury and agency securities eligible to be pledged 748,635 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.