FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks September 14, 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 Sep 13, 2006 Sep 6, 2006 Sep 14, 2005 Sep 13, 2006 Federal Reserve Banks Reserve Bank Credit 826,496 - 5,609 + 25,932 826,209 Securities held outright 767,291 + 540 + 34,898 768,874 U.S. Treasury (1) 767,291 + 540 + 34,898 768,874 Bills (2) 277,019 0 + 9,205 277,019 Notes and bonds, nominal (2) 460,216 + 521 + 18,408 461,791 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,100 26,019 Inflation compensation (3) 4,038 + 19 + 1,186 4,046 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,250 - 8,107 - 9,786 16,000 Loans to depository institutions 584 + 239 + 272 2,023 Primary credit 244 + 241 + 241 1,677 Secondary credit 0 0 0 0 Seasonal credit 340 - 1 + 31 346 Float 1,254 + 1,410 + 434 33 Other Federal Reserve assets 39,117 + 309 + 113 39,278 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,110 + 14 + 1,681 38,110 Total factors supplying reserve funds 877,847 - 5,595 + 27,613 877,559 Currency in circulation(5) 796,201 - 2,372 + 27,093 795,680 Reverse repurchase agreements (6) 27,089 + 38 + 1,854 26,923 Foreign official and international accounts 27,089 + 38 + 1,854 26,923 Dealers 0 0 0 0 Treasury cash holdings 176 + 4 - 78 166 Deposits with F.R.Banks, other than reserve balances 11,894 - 31 - 2,336 11,838 U.S. Treasury, general account 4,749 + 218 - 224 4,690 Foreign official 95 + 3 + 4 93 Service-related 6,788 - 3 - 2,094 6,788 Required clearing balances 6,788 - 3 - 2,094 6,788 Adjustments to compensate for float 0 0 0 0 Other 262 - 250 - 22 266 Other liabilities and capital 35,844 - 8 + 4,561 35,547 Total factors, other than reserve balances, absorbing reserve funds 871,202 - 2,372 + 31,092 870,154 Reserve balances with Federal Reserve Banks 6,645 - 3,223 - 3,479 7,406 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,682,130 + 1,758 + 222,400 1,681,477 U.S. Treasury 1,147,649 + 3,002 + 56,674 1,143,934 Federal agency 534,481 - 1,244 + 165,726 537,542 Securities lent to dealers 3,896 + 597 - 1,696 2,393 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 Sep 13, 2006 Sep 6, 2006 Sep 14, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 809 + 29 + 142 Securities, repurchase agreements, and loans 786,897 + 42 + 21,296 Securities held outright 768,874 + 2,117 + 35,606 U.S. Treasury (1) 768,874 + 2,117 + 35,606 Bills (2) 277,019 0 + 9,193 Notes and bonds, nominal (2) 461,791 + 2,096 + 19,198 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,036 Inflation compensation (3) 4,046 + 21 + 1,181 Federal agency (2) 0 0 0 Repurchase agreements (4) 16,000 - 3,750 - 16,000 Loans 2,023 + 1,675 + 1,690 Items in process of collection (1,130) 4,738 - 8,052 - 2,456 Bank premises 1,886 + 4 + 52 Other assets (5) 37,311 + 342 - 73 Total assets (1,130) 844,878 - 7,634 + 18,961 Liabilities Federal Reserve notes net of FR Bank holdings 758,542 - 3,655 + 25,038 Reverse repurchase agreements (6) 26,923 + 45 + 963 Deposits (0) 19,162 - 2,403 - 9,556 Depository institutions 14,112 - 2,699 - 8,946 U.S. Treasury, general account 4,690 + 317 - 629 Foreign official 93 - 11 + 10 Other (0) 266 - 11 + 8 Deferred availability cash items (1,130) 4,705 - 1,713 - 2,223 Other liabilities and accrued dividends (7) 5,464 + 125 + 1,713 Total liabilities (1,130) 814,795 - 7,602 + 15,934 Capital Accounts Capital paid in 15,068 + 4 + 1,771 Surplus 12,901 0 + 1,271 Other capital accounts 2,114 - 37 - 15 Total capital 30,083 - 33 + 3,027 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, September 13, 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 1,731 54,071 - 1,326 0 0 16,000 26,923 16 days to 90 days 292 172,526 + 872 0 0 0 0 91 days to 1 year 0 185,863 + 457 0 0 ------ ------ Over 1 to 5 years ------ 214,615 + 1,326 0 0 ------ ------ Over 5 to 10 years ------ 60,269 + 552 0 0 ------ ------ Over 10 years ------ 81,531 + 237 0 0 ------ ------ All 2,023 768,874 + 2,117 0 0 16,000 26,923 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 September 13, 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 809 24 49 45 71 75 106 103 39 31 63 78 124 Securities, repurchase agreements, and loans 786,897 36,694 301,745 33,381 33,705 63,871 64,380 70,694 24,493 15,740 22,567 34,512 85,113 Securities held outright 768,874 36,689 284,581 33,381 33,200 63,870 64,368 70,598 24,428 15,631 22,514 34,506 85,107 U.S. Treasury (1) 768,874 36,689 284,581 33,381 33,200 63,870 64,368 70,598 24,428 15,631 22,514 34,506 85,107 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) 491,855 23,471 182,049 21,354 21,238 40,858 41,177 45,162 15,627 9,999 14,403 22,074 54,444 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 16,000 0 16,000 0 0 0 0 0 0 0 0 0 0 Loans 2,023 5 1,164 0 505 1 12 96 65 110 53 6 7 Items in process of collection 5,869 266 145 647 440 364 573 235 196 242 587 632 1,542 Bank premises 1,886 113 208 57 157 160 231 209 72 117 129 259 174 Other assets(5) 37,311 1,169 13,485 1,797 2,206 6,791 2,648 2,634 705 677 688 903 3,607 Interdistrict settlement account 0 - 1,214 + 3,948 + 1,455 - 1,068 + 3,035 + 7,032 - 9,949 - 658 - 419 + 1,188 - 2,659 - 692 Total Assets 846,008 37,655 324,593 37,929 36,061 75,296 76,158 65,084 25,247 16,630 25,612 34,398 91,345 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 September 13, 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 932,763 38,132 348,582 39,171 37,101 74,229 94,162 73,392 27,166 17,206 27,359 50,009 106,254 Less: notes held by F.R. Banks 174,221 3,903 50,506 7,610 6,265 13,110 25,176 14,717 3,932 2,369 4,198 18,536 23,898 Federal Reserve notes, net 758,542 34,229 298,076 31,561 30,836 61,119 68,986 58,675 23,234 14,837 23,160 31,472 82,356 Reverse repurchase agreements (1) 26,923 1,285 9,965 1,169 1,163 2,236 2,254 2,472 855 547 788 1,208 2,980 Deposits 19,162 652 6,961 1,350 975 2,833 1,553 1,264 511 227 576 642 1,619 Depository institutions 14,112 650 2,045 1,348 970 2,755 1,547 1,261 479 226 574 642 1,615 U.S. Treasury, general account 4,690 0 4,690 0 0 0 0 0 0 0 0 0 0 Foreign official 93 1 64 2 3 11 3 3 0 1 1 0 4 Other 266 0 161 0 2 67 3 0 31 0 1 0 0 Deferred availability cash items 5,836 429 147 706 548 512 684 408 119 376 543 365 998 Other liabilities and accrued dividends (2) 5,464 265 1,835 261 265 540 465 498 197 143 179 258 558 Total liabilities 815,926 36,859 316,984 35,047 33,786 67,240 73,942 63,318 24,916 16,130 25,246 33,946 88,511 Capital Capital paid in 15,068 383 3,691 1,749 1,128 4,019 1,084 841 156 244 173 211 1,388 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,114 96 233 389 133 730 240 48 31 10 18 89 97 Total liabilities and capital 846,008 37,655 324,593 37,929 36,061 75,296 76,158 65,084 25,247 16,630 25,612 34,398 91,345 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 Sep 13, 2006 Federal Reserve notes outstanding 932,763 Less: Notes held by F.R. Banks not subject to collateralization 174,221 Federal Reserve Notes to be collateralized 758,542 Collateral held against Federal Reserve notes 758,542 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 745,305 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 784,874 Less:face value of securities under reverse repurchase agreements 26,959 U.S. Treasury and agency securities eligible to be pledged 757,915 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.