FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 3, 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 2, 2006 Jul 26, 2006 Aug 3, 2005 Aug 2, 2006 Federal Reserve Banks Reserve Bank Credit 832,999 + 7,097 + 33,896 834,490 Securities held outright 764,793 + 41 + 40,093 764,815 U.S. Treasury (1) 764,793 + 41 + 40,093 764,815 Bills (2) 277,019 0 + 12,004 277,019 Notes and bonds, nominal (2) 458,531 - 530 + 21,157 457,826 Notes and bonds, inflation-indexed (2) 25,313 + 530 + 5,780 26,019 Inflation compensation (3) 3,930 + 41 + 1,152 3,952 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 26,607 + 6,071 - 7,143 27,750 Loans to depository institutions 486 + 136 - 223 1,251 Primary credit 141 + 126 - 307 914 Secondary credit 0 0 0 0 Seasonal credit 345 + 11 + 83 337 Float -429 + 378 + 317 -815 Other Federal Reserve assets 41,541 + 469 + 851 41,489 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,106 + 14 + 1,677 38,106 Total factors supplying reserve funds 884,347 + 7,111 + 35,573 885,837 Currency in circulation(5) 792,834 + 79 + 29,870 794,613 Reverse repurchase agreements (6) 29,645 + 484 + 3,899 28,798 Foreign official and international accounts 29,645 + 484 + 3,899 28,798 Dealers 0 0 0 0 Treasury cash holdings 149 - 9 - 102 157 Deposits with F.R.Banks, other than reserve balances 12,165 - 285 - 1,928 12,973 U.S. Treasury, general account 4,720 - 297 - 292 5,471 Foreign official 90 - 13 - 5 91 Service-related 7,026 - 1 - 1,649 7,026 Required clearing balances 7,026 - 1 - 1,649 7,026 Adjustments to compensate for float 0 0 0 0 Other 328 + 25 + 17 386 Other liabilities and capital 35,483 + 506 + 5,119 35,111 Total factors, other than reserve balances, absorbing reserve funds 870,277 + 776 + 36,860 871,652 Reserve balances with Federal Reserve Banks 14,070 + 6,335 - 1,286 14,185 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,653,576 + 8,778 + 198,432 1,655,152 U.S. Treasury 1,121,492 + 7,301 + 28,307 1,121,356 Federal agency 532,085 + 1,478 + 170,126 533,796 Securities lent to dealers 2,576 + 88 - 1,796 3,806 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 2, 2006 Jul 26, 2006 Aug 3, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 757 + 7 + 132 Securities, repurchase agreements, and loans 793,816 + 7,682 + 33,786 Securities held outright 764,815 + 52 + 40,115 U.S. Treasury (1) 764,815 + 52 + 40,115 Bills (2) 277,019 0 + 12,004 Notes and bonds, nominal (2) 457,826 - 1,235 + 20,452 Notes and bonds, inflation-indexed (2) 26,019 + 1,236 + 6,486 Inflation compensation (3) 3,952 + 52 + 1,174 Federal agency (2) 0 0 0 Repurchase agreements (4) 27,750 + 6,750 - 4,250 Loans 1,251 + 880 - 2,079 Items in process of collection (1,401) 4,880 + 850 - 1,170 Bank premises 1,866 + 2 + 41 Other assets (5) 39,376 + 290 + 233 Total assets (1,401) 853,933 + 8,832 + 33,023 Liabilities Federal Reserve notes net of FR Bank holdings 757,416 + 777 + 27,815 Reverse repurchase agreements (6) 28,798 + 330 + 6,223 Deposits (0) 26,912 + 6,791 - 4,461 Depository institutions 20,965 + 6,091 - 5,165 U.S. Treasury, general account 5,471 + 647 + 658 Foreign official 91 - 49 + 7 Other (0) 386 + 103 + 40 Deferred availability cash items (1,401) 5,696 + 574 - 1,293 Other liabilities and accrued dividends (7) 4,972 + 106 + 1,640 Total liabilities (1,401) 823,794 + 8,577 + 29,924 Capital Accounts Capital paid in 14,997 + 4 + 1,607 Surplus 12,901 0 + 1,334 Other capital accounts 2,240 + 250 + 157 Total capital 30,139 + 255 + 3,099 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 2, 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 937 59,407 - 2,659 0 0 27,750 28,798 16 days to 90 days 313 169,631 + 328 0 0 0 0 91 days to 1 year 0 176,154 + 457 0 0 ------ ------ Over 1 to 5 years ------ 218,566 + 648 0 0 ------ ------ Over 5 to 10 years ------ 61,352 + 5 0 0 ------ ------ Over 10 years ------ 79,704 + 1,271 0 0 ------ ------ All 1,251 764,815 + 52 0 0 27,750 28,798 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 2, 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 757 28 38 32 73 69 105 90 39 29 58 80 116 Securities, repurchase agreements, and loans 793,816 37,406 310,829 33,205 33,024 63,533 64,042 70,315 24,357 15,670 22,431 34,330 84,674 Securities held outright 764,815 36,496 283,079 33,205 33,024 63,533 64,028 70,225 24,300 15,548 22,395 34,324 84,658 U.S. Treasury (1) 764,815 36,496 283,079 33,205 33,024 63,533 64,028 70,225 24,300 15,548 22,395 34,324 84,658 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) 487,796 23,277 180,547 21,178 21,063 40,521 40,837 44,789 15,498 9,917 14,284 21,892 53,994 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 27,750 0 27,750 0 0 0 0 0 0 0 0 0 0 Loans 1,251 910 0 0 0 0 14 89 57 122 35 6 17 Items in process of collection 6,281 301 534 314 529 451 625 293 277 257 638 565 1,497 Bank premises 1,866 113 206 57 157 156 230 208 71 117 122 258 172 Other assets(5) 39,376 1,264 14,241 1,864 2,311 7,020 2,795 2,815 783 721 745 987 3,832 Interdistrict settlement account 0 - 1,679 + 1,159 + 2,135 + 570 + 8 + 4,329 - 8,490 - 666 - 160 + 1,744 - 1,195 + 2,246 Total Assets 855,334 38,033 332,019 38,153 37,214 72,237 73,315 66,388 25,260 16,875 26,127 35,699 94,012 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 2, 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 930,825 38,034 348,313 39,677 36,970 72,925 93,098 73,770 27,118 17,170 27,296 50,068 106,387 Less: notes held by F.R. Banks 173,409 3,754 50,798 7,638 6,245 13,657 27,297 13,884 4,012 2,297 3,848 17,568 22,410 Federal Reserve notes, net 757,416 34,279 297,515 32,039 30,725 59,268 65,801 59,886 23,106 14,873 23,449 32,500 83,978 Reverse repurchase agreements (1) 28,798 1,374 10,659 1,250 1,243 2,392 2,411 2,644 915 585 843 1,292 3,188 Deposits 26,912 867 13,866 1,305 2,065 1,347 1,624 1,310 564 430 649 668 2,217 Depository institutions 20,965 862 8,056 1,303 2,061 1,236 1,621 1,307 563 429 647 667 2,213 U.S. Treasury, general account 5,471 0 5,471 0 0 0 0 0 0 0 0 0 0 Foreign official 91 1 62 2 3 11 3 3 0 1 1 0 4 Other 386 4 278 0 1 100 0 0 1 0 1 0 0 Deferred availability cash items 7,096 459 609 589 714 586 840 314 165 350 647 548 1,275 Other liabilities and accrued dividends (2) 4,972 250 1,676 230 240 478 425 451 184 128 170 239 501 Total liabilities 825,195 37,230 324,325 35,413 34,988 64,071 71,101 64,605 24,934 16,366 25,757 35,246 91,158 Capital Capital paid in 14,997 382 3,676 1,745 1,122 4,015 1,073 822 155 243 174 212 1,379 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,240 104 332 251 91 844 249 85 27 21 21 88 127 Total liabilities and capital 855,334 38,033 332,019 38,153 37,214 72,237 73,315 66,388 25,260 16,875 26,127 35,699 94,012 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 2, 2006 Federal Reserve notes outstanding 930,825 Less: Notes held by F.R. Banks not subject to collateralization 173,409 Federal Reserve Notes to be collateralized 757,416 Collateral held against Federal Reserve notes 757,416 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 744,180 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 792,565 Less:face value of securities under reverse repurchase agreements 28,842 U.S. Treasury and agency securities eligible to be pledged 763,723 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.