FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 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 Mar 1, 2006 Feb 22, 2006 Mar 2, 2005 Mar 1, 2006 Federal Reserve Banks Reserve Bank Credit 820,759 + 4,950 + 35,870 821,478 Securities held outright 753,690 + 2,203 + 36,004 754,682 U.S. Treasury (1) 753,690 + 2,203 + 36,004 754,682 Bills (2) 274,142 0 + 11,137 274,142 Notes and bonds, nominal (2) 454,235 + 2,226 + 20,949 455,227 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 22,196 Inflation compensation (3) 3,118 - 23 + 832 3,117 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 29,036 + 1,500 + 2,465 27,750 Loans to depository institutions 34 - 11 - 47 38 Primary credit 6 + 1 - 58 4 Secondary credit 0 - 8 0 0 Seasonal credit 28 - 4 + 11 34 Float 213 + 687 - 724 1,343 Other Federal Reserve assets 37,787 + 571 - 1,827 37,664 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,652 + 14 + 106 36,652 Total factors supplying reserve funds 870,655 + 4,964 + 35,979 871,373 Currency in circulation(5) 787,224 - 1,391 + 35,362 788,672 Reverse repurchase agreements (6) 24,647 + 861 + 257 24,672 Foreign official and international accounts 24,647 + 861 + 257 24,672 Dealers 0 0 0 0 Treasury cash holdings 185 - 6 - 78 186 Deposits with F.R.Banks, other than reserve balances 13,442 + 69 - 793 13,816 U.S. Treasury, general account 5,080 + 75 - 119 5,427 Foreign official 83 - 1 0 85 Service-related 8,014 - 1 - 656 8,014 Required clearing balances 8,014 - 1 - 656 8,014 Adjustments to compensate for float 0 0 0 0 Other 265 - 4 - 18 290 Other liabilities and capital 32,316 + 302 + 4,736 32,011 Total factors, other than reserve balances, absorbing reserve funds 857,815 - 164 + 39,485 859,357 Reserve balances with Federal Reserve Banks 12,840 + 5,128 - 3,506 12,017 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,579,836 + 7,476 + 201,149 1,582,293 U.S. Treasury 1,126,619 + 2,019 + 46,866 1,126,476 Federal agency 453,217 + 5,458 + 154,283 455,816 Securities lent to dealers 3,609 + 1,542 + 1,606 5,643 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 Mar 1, 2006 Feb 22, 2006 Mar 2, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 826 - 15 + 33 Securities, repurchase agreements, and loans 782,471 + 819 + 40,400 Securities held outright 754,682 + 2,133 + 37,187 U.S. Treasury (1) 754,682 + 2,133 + 37,187 Bills (2) 274,142 0 + 11,137 Notes and bonds, nominal (2) 455,227 + 2,149 + 22,131 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 Inflation compensation (3) 3,117 - 16 + 831 Federal agency (2) 0 0 0 Repurchase agreements (4) 27,750 - 1,250 + 3,500 Loans 38 - 65 - 287 Items in process of collection (1,209) 8,125 - 2,317 + 746 Bank premises 1,821 + 1 + 30 Other assets (5) 35,921 + 380 - 1,794 Total assets (1,209) 842,403 - 1,133 + 39,417 Liabilities Federal Reserve notes net of FR Bank holdings 753,028 - 297 + 35,876 Reverse repurchase agreements (6) 24,672 + 162 - 703 Deposits (0) 25,899 - 149 + 722 Depository institutions 20,097 - 1,272 + 209 U.S. Treasury, general account 5,427 + 1,093 + 521 Foreign official 85 - 3 + 2 Other (0) 290 + 33 - 11 Deferred availability cash items (1,209) 6,793 - 1,122 - 1,243 Other liabilities and accrued dividends (7) 4,364 + 38 + 1,331 Total liabilities (1,209) 814,756 - 1,367 + 35,982 Capital Accounts Capital paid in 13,739 + 23 + 1,217 Surplus 12,901 0 + 1,776 Other capital accounts 1,006 + 210 + 441 Total capital 27,646 + 233 + 3,433 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, March 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 11 48,410 - 9,148 0 0 27,750 24,672 16 days to 90 days 27 167,362 + 619 0 0 0 0 91 days to 1 year 0 190,678 + 10,128 0 0 ------ ------ Over 1 to 5 years ------ 213,483 - 405 0 0 ------ ------ Over 5 to 10 years ------ 54,953 + 22 0 0 ------ ------ Over 10 years ------ 79,796 + 917 0 0 ------ ------ All 38 754,682 + 2,133 0 0 27,750 24,672 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 March 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 826 38 70 48 66 78 104 99 48 29 68 73 106 Securities, repurchase agreements, and loans 782,471 38,619 327,008 26,772 31,882 57,595 58,386 67,987 23,418 15,765 21,347 37,169 76,523 Securities held outright 754,682 38,612 299,258 26,772 31,882 57,595 58,386 67,963 23,418 15,762 21,346 37,169 76,520 U.S. Treasury (1) 754,682 38,612 299,258 26,772 31,882 57,595 58,386 67,963 23,418 15,762 21,346 37,169 76,520 Bills (2) 274,142 14,026 108,707 9,725 11,581 20,922 21,209 24,688 8,507 5,726 7,754 13,502 27,796 Notes and bonds(3) 480,540 24,586 190,551 17,047 20,300 36,673 37,177 43,275 14,912 10,036 13,592 23,667 48,724 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 38 7 0 0 0 0 0 24 0 3 1 0 3 Items in process of collection 9,334 1,398 386 420 675 390 1,666 1,012 273 301 689 498 1,628 Bank premises 1,821 113 206 54 157 152 232 210 70 119 91 260 158 Other assets(5) 35,921 1,164 13,346 1,583 2,113 6,444 2,492 2,494 711 658 646 922 3,349 Interdistrict settlement account 0 - 4,551 -31,580 + 6,257 + 1,102 + 7,393 + 9,934 - 2,537 + 822 - 267 + 2,046 - 3,396 +14,777 Total Assets 843,612 37,405 314,667 35,648 36,551 73,035 73,925 70,404 25,740 16,847 25,271 36,172 97,948 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 March 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 911,806 38,888 326,653 38,940 37,049 72,983 88,006 76,908 27,796 17,652 27,606 49,723 109,602 Less: notes held by F.R. Banks 158,778 4,972 46,537 7,169 5,360 12,173 21,347 12,690 3,902 2,636 4,699 16,504 20,789 Federal Reserve notes, net 753,028 33,916 280,116 31,772 31,688 60,809 66,659 64,218 23,894 15,016 22,907 33,220 88,813 Reverse repurchase agreements (1) 24,672 1,262 9,783 875 1,042 1,883 1,909 2,222 766 515 698 1,215 2,502 Deposits 25,899 850 14,670 625 891 1,709 1,828 1,278 427 282 597 756 1,985 Depository institutions 20,097 843 9,017 623 886 1,593 1,825 1,275 422 281 595 755 1,981 U.S. Treasury, general account 5,427 0 5,427 0 0 0 0 0 0 0 0 0 0 Foreign official 85 1 56 2 3 11 3 3 0 1 1 0 4 Other 290 7 170 0 1 105 0 0 4 0 1 0 0 Deferred availability cash items 8,003 471 895 677 677 672 1,110 457 191 416 563 399 1,475 Other liabilities and accrued dividends (2) 4,364 231 1,537 178 212 415 358 396 160 116 137 219 406 Total liabilities 815,966 36,731 307,001 34,126 34,511 65,489 71,864 68,571 25,438 16,345 24,902 35,808 95,180 Capital Capital paid in 13,739 323 3,695 750 999 3,945 1,035 885 144 244 178 187 1,352 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,006 34 286 28 27 293 133 71 14 13 15 24 67 Total liabilities and capital 843,612 37,405 314,667 35,648 36,551 73,035 73,925 70,404 25,740 16,847 25,271 36,172 97,948 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 Mar 1, 2006 Federal Reserve notes outstanding 911,806 Less: Notes held by F.R. Banks not subject to collateralization 158,778 Federal Reserve Notes to be collateralized 753,028 Collateral held against Federal Reserve notes 753,028 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 739,789 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 782,432 Less:face value of securities under reverse repurchase agreements 24,703 U.S. Treasury and agency securities eligible to be pledged 757,729 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.