FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 17, 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 Aug 16, 2006 Aug 9, 2006 Aug 17, 2005 Aug 16, 2006 Federal Reserve Banks Reserve Bank Credit 829,233 + 4,050 + 35,525 828,141 Securities held outright 764,837 + 13 + 38,492 764,842 U.S. Treasury (1) 764,837 + 13 + 38,492 764,842 Bills (2) 277,019 0 + 10,760 277,019 Notes and bonds, nominal (2) 457,826 0 + 20,055 457,826 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 26,019 Inflation compensation (3) 3,974 + 13 + 1,192 3,979 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 23,429 + 4,500 - 3,428 25,250 Loans to depository institutions 347 + 6 - 98 361 Primary credit 8 - 1 - 147 19 Secondary credit 0 0 0 0 Seasonal credit 339 + 8 + 49 342 Float -359 + 360 - 381 -792 Other Federal Reserve assets 40,980 - 829 + 942 38,480 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,074 + 14 + 1,645 38,074 Total factors supplying reserve funds 880,548 + 4,065 + 37,170 879,455 Currency in circulation(5) 794,466 + 402 + 30,648 795,479 Reverse repurchase agreements (6) 28,893 + 449 + 3,523 27,509 Foreign official and international accounts 28,893 + 449 + 3,523 27,509 Dealers 0 0 0 0 Treasury cash holdings 160 + 3 - 90 157 Deposits with F.R.Banks, other than reserve balances 12,321 + 96 - 2,012 12,009 U.S. Treasury, general account 4,747 + 104 - 58 4,443 Foreign official 89 - 1 - 5 88 Service-related 7,201 - 6 - 1,917 7,201 Required clearing balances 7,201 - 3 - 1,914 7,201 Adjustments to compensate for float 0 - 3 - 3 0 Other 285 - 1 - 31 277 Other liabilities and capital 35,381 - 218 + 4,488 35,151 Total factors, other than reserve balances, absorbing reserve funds 871,220 + 731 + 36,556 870,305 Reserve balances with Federal Reserve Banks 9,328 + 3,333 + 614 9,151 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,667,208 + 4,890 + 198,898 1,668,332 U.S. Treasury 1,137,864 + 3,551 + 38,368 1,137,470 Federal agency 529,344 + 1,339 + 160,530 530,861 Securities lent to dealers 2,478 - 418 - 1,781 2,231 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 Aug 16, 2006 Aug 9, 2006 Aug 17, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 769 + 5 + 125 Securities, repurchase agreements, and loans 790,453 + 7,764 + 33,380 Securities held outright 764,842 + 14 + 37,503 U.S. Treasury (1) 764,842 + 14 + 37,503 Bills (2) 277,019 0 + 10,760 Notes and bonds, nominal (2) 457,826 0 + 19,062 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 Inflation compensation (3) 3,979 + 13 + 1,196 Federal agency (2) 0 0 0 Repurchase agreements (4) 25,250 + 7,750 - 3,250 Loans 361 + 1 - 873 Items in process of collection (1,100) 4,013 - 1,250 - 3,039 Bank premises 1,870 + 3 + 41 Other assets (5) 36,371 - 3,491 + 264 Total assets (1,100) 846,713 + 3,031 + 30,771 Liabilities Federal Reserve notes net of FR Bank holdings 758,327 - 396 + 29,186 Reverse repurchase agreements (6) 27,509 - 351 + 4,006 Deposits (0) 20,922 + 3,608 - 5,521 Depository institutions 16,113 + 2,062 - 4,264 U.S. Treasury, general account 4,443 + 1,536 - 1,226 Foreign official 88 0 + 10 Other (0) 277 + 9 - 42 Deferred availability cash items (1,100) 4,805 + 62 - 1,496 Other liabilities and accrued dividends (7) 5,180 + 133 + 1,716 Total liabilities (1,100) 816,743 + 3,056 + 27,890 Capital Accounts Capital paid in 15,030 + 14 + 1,589 Surplus 12,901 0 + 1,272 Other capital accounts 2,039 - 38 + 20 Total capital 29,970 - 25 + 2,881 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, August 16, 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 160 62,903 + 3,329 0 0 25,250 27,509 16 days to 90 days 201 159,003 - 9,823 0 0 0 0 91 days to 1 year 0 190,839 + 14,045 0 0 ------ ------ Over 1 to 5 years ------ 211,115 - 7,455 0 0 ------ ------ Over 5 to 10 years ------ 58,151 - 3,204 0 0 ------ ------ Over 10 years ------ 82,830 + 3,120 0 0 ------ ------ All 361 764,842 + 14 0 0 25,250 27,509 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 August 16, 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 769 26 41 36 72 70 106 93 39 29 58 80 118 Securities, repurchase agreements, and loans 790,453 36,497 308,339 33,206 33,026 63,553 64,045 70,312 24,358 15,672 22,440 34,332 84,674 Securities held outright 764,842 36,497 283,089 33,206 33,026 63,535 64,030 70,228 24,300 15,549 22,396 34,325 84,660 U.S. Treasury (1) 764,842 36,497 283,089 33,206 33,026 63,535 64,030 70,228 24,300 15,549 22,396 34,325 84,660 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) 487,823 23,278 180,557 21,179 21,064 40,524 40,839 44,792 15,499 9,917 14,284 21,893 53,997 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 25,250 0 25,250 0 0 0 0 0 0 0 0 0 0 Loans 361 0 0 0 0 17 15 84 58 123 44 7 13 Items in process of collection 5,113 268 432 340 340 357 689 267 187 280 464 440 1,048 Bank premises 1,870 113 207 57 157 156 230 209 71 117 122 258 172 Other assets(5) 36,371 1,121 13,129 1,743 2,184 6,771 2,510 2,535 700 662 658 854 3,503 Interdistrict settlement account 0 - 659 + 2,587 + 1,661 - 468 + 864 + 5,027 - 8,997 - 673 - 317 + 1,603 - 1,656 + 1,026 Total Assets 847,813 37,967 329,749 37,589 35,861 72,771 73,796 65,578 25,081 16,685 25,736 34,981 92,018 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 August 16, 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 931,426 38,237 349,122 39,516 37,001 73,195 93,058 73,628 27,127 17,228 27,297 49,872 106,145 Less: notes held by F.R. Banks 173,098 3,746 49,605 7,513 6,246 13,416 26,780 14,253 4,106 2,326 3,911 17,870 23,326 Federal Reserve notes, net 758,327 34,491 299,518 32,003 30,754 59,779 66,277 59,375 23,021 14,902 23,386 32,003 82,819 Reverse repurchase agreements (1) 27,509 1,313 10,182 1,194 1,188 2,285 2,303 2,526 874 559 806 1,235 3,045 Deposits 20,922 714 10,115 893 774 1,626 1,867 1,155 500 251 530 675 1,821 Depository institutions 16,113 701 5,444 890 769 1,524 1,865 1,152 498 250 528 675 1,816 U.S. Treasury, general account 4,443 0 4,443 0 0 0 0 0 0 0 0 0 0 Foreign official 88 1 59 2 3 11 3 3 0 1 1 0 4 Other 277 12 169 0 2 91 0 0 2 0 1 0 0 Deferred availability cash items 5,905 401 580 463 629 520 712 280 157 339 478 368 979 Other liabilities and accrued dividends (2) 5,180 256 1,755 243 249 495 442 472 189 135 169 251 525 Total liabilities 817,843 37,174 322,148 34,797 33,593 64,706 71,602 63,807 24,741 16,186 25,369 34,531 89,189 Capital Capital paid in 15,030 383 3,676 1,745 1,123 4,017 1,072 841 155 243 174 213 1,388 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,039 94 240 303 131 741 230 54 41 11 18 84 92 Total liabilities and capital 847,813 37,967 329,749 37,589 35,861 72,771 73,796 65,578 25,081 16,685 25,736 34,981 92,018 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 Aug 16, 2006 Federal Reserve notes outstanding 931,426 Less: Notes held by F.R. Banks not subject to collateralization 173,098 Federal Reserve Notes to be collateralized 758,327 Collateral held against Federal Reserve notes 758,327 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 745,091 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 790,092 Less:face value of securities under reverse repurchase agreements 27,549 U.S. Treasury and agency securities eligible to be pledged 762,543 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.