FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks June 8, 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 Jun 7, 2006 May 31, 2006 Jun 8, 2005 Jun 7, 2006 Federal Reserve Banks Reserve Bank Credit 829,430 + 2,460 + 39,440 832,437 Securities held outright 763,824 + 1,423 + 38,376 764,877 U.S. Treasury (1) 763,824 + 1,423 + 38,376 764,877 Bills (2) 275,370 0 + 10,355 275,370 Notes and bonds, nominal (2) 462,230 + 1,380 + 23,552 463,264 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 22,646 Inflation compensation (3) 3,578 + 43 + 932 3,597 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 25,821 - 608 + 321 26,750 Loans to depository institutions 223 + 28 + 71 219 Primary credit 14 - 9 + 12 4 Secondary credit 0 0 0 0 Seasonal credit 209 + 37 + 59 216 Float -13 + 1,507 + 291 991 Other Federal Reserve assets 39,574 + 109 + 380 39,600 Gold stock 11,041 0 - 1 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,005 + 14 + 1,446 38,005 Total factors supplying reserve funds 880,676 + 2,474 + 40,886 883,683 Currency in circulation(5) 796,811 - 1,388 + 35,705 797,015 Reverse repurchase agreements (6) 24,067 + 483 - 276 23,769 Foreign official and international accounts 24,067 + 483 - 276 23,769 Dealers 0 0 0 0 Treasury cash holdings 197 + 9 - 90 205 Deposits with F.R.Banks, other than reserve balances 13,179 + 389 - 873 13,488 U.S. Treasury, general account 5,233 + 363 + 455 5,552 Foreign official 85 - 3 - 19 87 Service-related 7,579 - 1 - 1,271 7,579 Required clearing balances 7,579 - 1 - 1,271 7,579 Adjustments to compensate for float 0 0 0 0 Other 282 + 29 - 39 270 Other liabilities and capital 35,043 + 1,041 + 5,795 34,540 Total factors, other than reserve balances, absorbing reserve funds 869,297 + 533 + 40,261 869,018 Reserve balances with Federal Reserve Banks 11,379 + 1,941 + 625 14,665 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,625,916 + 11,361 + 194,279 1,628,450 U.S. Treasury 1,120,287 + 5,639 + 31,471 1,121,697 Federal agency 505,629 + 5,722 + 162,808 506,753 Securities lent to dealers 1,919 - 957 - 2,480 3,418 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 Jun 7, 2006 May 31, 2006 Jun 8, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 703 - 13 + 91 Securities, repurchase agreements, and loans 791,846 - 1,522 + 35,736 Securities held outright 764,877 + 2,466 + 39,417 U.S. Treasury (1) 764,877 + 2,466 + 39,417 Bills (2) 275,370 0 + 10,355 Notes and bonds, nominal (2) 463,264 + 2,414 + 24,586 Notes and bonds, inflation-indexed (2) 22,646 0 + 3,538 Inflation compensation (3) 3,597 + 52 + 938 Federal agency (2) 0 0 0 Repurchase agreements (4) 26,750 - 4,000 - 3,750 Loans 219 + 12 + 70 Items in process of collection (1,144) 7,192 - 1,220 + 455 Bank premises 1,847 + 10 + 26 Other assets (5) 37,658 + 344 + 58 Total assets (1,144) 852,484 - 2,399 + 36,367 Liabilities Federal Reserve notes net of FR Bank holdings 759,914 - 2,116 + 34,213 Reverse repurchase agreements (6) 23,769 - 834 - 187 Deposits (0) 28,059 + 1,699 - 2,301 Depository institutions 22,150 - 1,245 - 2,972 U.S. Treasury, general account 5,552 + 2,915 + 926 Foreign official 87 + 1 - 25 Other (0) 270 + 28 - 231 Deferred availability cash items (1,144) 6,202 - 1,181 - 504 Other liabilities and accrued dividends (7) 5,056 + 168 + 1,555 Total liabilities (1,144) 822,999 - 2,265 + 32,774 Capital Accounts Capital paid in 14,965 + 9 + 2,061 Surplus 12,901 0 + 1,461 Other capital accounts 1,618 - 144 + 70 Total capital 29,484 - 135 + 3,592 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, June 7, 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 38 58,519 - 15 0 0 26,750 23,769 16 days to 90 days 181 173,401 + 8,956 0 0 0 0 91 days to 1 year 0 179,347 - 8,937 0 0 ------ ------ Over 1 to 5 years ------ 214,618 + 1,350 0 0 ------ ------ Over 5 to 10 years ------ 60,688 + 1,088 0 0 ------ ------ Over 10 years ------ 78,304 + 24 0 0 ------ ------ All 219 764,877 + 2,466 0 0 26,750 23,769 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 June 7, 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 703 34 47 33 68 62 84 76 33 34 57 62 112 Securities, repurchase agreements, and loans 791,846 36,506 309,852 33,208 33,027 63,538 64,043 70,318 24,325 15,609 22,421 34,328 84,671 Securities held outright 764,877 36,499 283,102 33,208 33,027 63,538 64,033 70,231 24,301 15,549 22,397 34,327 84,664 U.S. Treasury (1) 764,877 36,499 283,102 33,208 33,027 63,538 64,033 70,231 24,301 15,549 22,397 34,327 84,664 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) 489,507 23,358 181,180 21,252 21,137 40,663 40,980 44,946 15,552 9,951 14,334 21,969 54,184 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 26,750 0 26,750 0 0 0 0 0 0 0 0 0 0 Loans 219 8 0 0 0 0 10 87 24 59 24 1 7 Items in process of collection 8,336 653 594 649 530 618 1,189 322 171 366 675 941 1,630 Bank premises 1,847 113 205 57 156 153 230 209 69 118 110 260 166 Other assets(5) 37,658 1,173 13,557 1,880 2,224 6,880 2,662 2,649 716 683 691 903 3,640 Interdistrict settlement account 0 - 1,423 + 275 + 1,261 + 606 + 2,651 + 2,029 - 7,244 - 193 + 19 + 1,765 - 2,789 + 3,042 Total Assets 853,627 37,657 329,543 37,634 37,163 74,902 71,428 67,489 25,520 17,070 26,109 34,377 94,737 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 June 7, 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 925,033 38,340 344,772 39,761 36,953 73,634 88,085 74,742 27,601 17,375 27,340 49,014 107,417 Less: notes held by F.R. Banks 165,119 4,060 47,851 7,205 5,899 12,493 24,036 13,631 4,025 2,325 3,708 17,816 22,070 Federal Reserve notes, net 759,914 34,279 296,921 32,556 31,054 61,141 64,049 61,111 23,577 15,049 23,632 31,197 85,346 Reverse repurchase agreements (1) 23,769 1,134 8,798 1,032 1,026 1,975 1,990 2,182 755 483 696 1,067 2,631 Deposits 28,059 751 13,804 722 2,158 2,603 1,964 1,554 522 570 595 639 2,176 Depository institutions 22,150 750 8,032 720 2,155 2,488 1,961 1,551 521 569 593 638 2,172 U.S. Treasury, general account 5,552 0 5,552 0 0 0 0 0 0 0 0 0 0 Foreign official 87 1 58 2 3 11 3 3 0 1 1 0 4 Other 270 1 162 0 0 105 0 0 1 0 1 0 0 Deferred availability cash items 7,345 482 774 527 608 596 814 337 149 339 649 799 1,271 Other liabilities and accrued dividends (2) 5,056 246 1,662 258 251 540 428 455 179 131 171 230 503 Total liabilities 824,143 36,893 321,960 35,095 35,098 66,855 69,246 65,640 25,183 16,572 25,743 33,932 91,926 Capital Capital paid in 14,965 382 3,671 1,744 1,024 4,014 1,068 903 155 243 174 210 1,377 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,618 65 227 50 28 725 222 69 39 9 17 82 85 Total liabilities and capital 853,627 37,657 329,543 37,634 37,163 74,902 71,428 67,489 25,520 17,070 26,109 34,377 94,737 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 Jun 7, 2006 Federal Reserve notes outstanding 925,033 Less: Notes held by F.R. Banks not subject to collateralization 165,119 Federal Reserve Notes to be collateralized 759,914 Collateral held against Federal Reserve notes 759,914 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 746,677 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 791,627 Less:face value of securities under reverse repurchase agreements 23,799 U.S. Treasury and agency securities eligible to be pledged 767,828 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.