FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks March 16, 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 15, 2006 Mar 8, 2006 Mar 16, 2005 Mar 15, 2006 Federal Reserve Banks Reserve Bank Credit 820,050 + 4,672 + 34,695 821,701 Securities held outright 756,617 + 1,665 + 39,105 757,213 U.S. Treasury (1) 756,617 + 1,665 + 39,105 757,213 Bills (2) 274,142 0 + 11,137 274,142 Notes and bonds, nominal (2) 457,020 + 1,550 + 23,924 457,177 Notes and bonds, inflation-indexed (2) 22,260 + 64 + 3,152 22,646 Inflation compensation (3) 3,194 + 50 + 892 3,247 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 28,536 + 2,857 + 429 29,750 Loans to depository institutions 59 - 3 + 15 60 Primary credit 10 - 10 + 2 12 Secondary credit 0 0 0 0 Seasonal credit 49 + 7 + 14 48 Float 685 - 165 + 1,421 244 Other Federal Reserve assets 34,155 + 320 - 6,274 34,435 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,623 + 14 + 78 36,623 Total factors supplying reserve funds 869,918 + 4,687 + 34,776 871,568 Currency in circulation(5) 788,533 + 682 + 36,581 789,517 Reverse repurchase agreements (6) 24,599 + 382 - 766 24,293 Foreign official and international accounts 24,599 + 382 - 766 24,293 Dealers 0 0 0 0 Treasury cash holdings 194 + 7 - 58 197 Deposits with F.R.Banks, other than reserve balances 12,967 - 560 - 2,328 11,399 U.S. Treasury, general account 4,479 - 549 - 639 2,844 Foreign official 99 + 14 + 11 150 Service-related 8,144 0 - 1,410 8,144 Required clearing balances 8,144 0 - 1,410 8,144 Adjustments to compensate for float 0 0 0 0 Other 245 - 24 - 290 261 Other liabilities and capital 32,597 + 83 + 4,469 32,443 Total factors, other than reserve balances, absorbing reserve funds 858,891 + 595 + 37,898 857,849 Reserve balances with Federal Reserve Banks 11,027 + 4,092 - 3,122 13,719 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,594,966 + 3,260 + 210,027 1,588,293 U.S. Treasury 1,133,573 - 3,028 + 48,425 1,125,006 Federal agency 461,393 + 6,287 + 161,602 463,286 Securities lent to dealers 4,023 + 2,203 + 2,200 5,980 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 15, 2006 Mar 8, 2006 Mar 16, 2005 Assets Gold certificate account 11,040 0 + 3 Special drawing rights certificate account 2,200 0 0 Coin 799 - 21 + 53 Securities, repurchase agreements, and loans 787,023 + 4,904 + 39,199 Securities held outright 757,213 + 1,637 + 39,698 U.S. Treasury (1) 757,213 + 1,637 + 39,698 Bills (2) 274,142 0 + 11,137 Notes and bonds, nominal (2) 457,177 + 1,100 + 24,081 Notes and bonds, inflation-indexed (2) 22,646 + 450 + 3,538 Inflation compensation (3) 3,247 + 87 + 941 Federal agency (2) 0 0 0 Repurchase agreements (4) 29,750 + 3,250 - 500 Loans 60 + 17 + 2 Items in process of collection (1,011) 6,525 - 1,586 - 129 Bank premises 1,822 + 1 + 25 Other assets (5) 36,751 + 544 - 1,978 Total assets (1,011) 846,160 + 3,841 + 37,173 Liabilities Federal Reserve notes net of FR Bank holdings 753,886 + 98 + 36,103 Reverse repurchase agreements (6) 24,293 + 483 - 646 Deposits (0) 29,301 + 3,579 - 2,072 Depository institutions 26,046 + 5,490 - 245 U.S. Treasury, general account 2,844 - 2,007 - 1,902 Foreign official 150 + 64 + 68 Other (0) 261 + 31 + 7 Deferred availability cash items (1,011) 6,238 - 644 - 817 Other liabilities and accrued dividends (7) 4,508 + 42 + 1,420 Total liabilities (1,011) 818,225 + 3,557 + 33,986 Capital Accounts Capital paid in 13,705 - 25 + 1,169 Surplus 12,901 0 + 1,654 Other capital accounts 1,328 + 309 + 362 Total capital 27,935 + 285 + 3,186 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 15, 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 21 46,914 - 1,093 0 0 29,750 24,293 16 days to 90 days 39 174,974 + 676 0 0 0 0 91 days to 1 year 0 184,570 + 421 0 0 ------ ------ Over 1 to 5 years ------ 215,452 + 1,501 0 0 ------ ------ Over 5 to 10 years ------ 55,362 + 7 0 0 ------ ------ Over 10 years ------ 79,942 + 126 0 0 ------ ------ All 60 757,213 + 1,637 0 0 29,750 24,293 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 15, 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 799 40 66 48 65 76 94 96 44 32 66 68 104 Securities, repurchase agreements, and loans 787,023 38,748 330,011 26,862 31,988 57,788 58,582 68,223 23,503 15,821 21,418 37,296 76,782 Securities held outright 757,213 38,741 300,261 26,862 31,988 57,788 58,582 68,191 23,497 15,815 21,417 37,294 76,777 U.S. Treasury (1) 757,213 38,741 300,261 26,862 31,988 57,788 58,582 68,191 23,497 15,815 21,417 37,294 76,777 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) 483,071 24,715 191,554 17,137 20,407 36,866 37,373 43,503 14,990 10,089 13,663 23,792 48,980 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 29,750 0 29,750 0 0 0 0 0 0 0 0 0 0 Loans 60 7 0 0 0 0 0 32 6 6 1 2 6 Items in process of collection 7,536 677 235 510 733 396 1,684 296 421 266 521 445 1,353 Bank premises 1,822 113 206 54 157 152 232 211 70 119 91 260 159 Other assets(5) 36,751 1,203 13,678 1,726 2,141 6,521 2,467 2,569 703 674 669 960 3,439 Interdistrict settlement account 0 - 3,626 -33,399 + 6,445 + 1,840 + 8,980 + 9,103 - 2,065 + 517 - 260 + 2,269 - 4,171 +14,367 Total Assets 847,171 37,780 316,028 36,160 37,481 74,896 73,272 70,470 25,657 16,893 25,419 35,505 97,610 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 15, 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 911,825 38,826 328,315 39,035 36,964 72,956 87,387 76,739 27,815 17,655 27,500 49,491 109,143 Less: notes held by F.R. Banks 157,939 4,882 44,537 6,674 5,431 12,508 22,033 12,762 4,209 2,607 4,523 16,969 20,804 Federal Reserve notes, net 753,886 33,944 283,778 32,361 31,533 60,448 65,353 63,977 23,605 15,048 22,977 32,522 88,339 Reverse repurchase agreements (1) 24,293 1,243 9,633 862 1,026 1,854 1,879 2,188 754 507 687 1,196 2,463 Deposits 29,301 1,226 12,582 600 1,988 3,957 2,350 1,762 638 376 719 775 2,327 Depository institutions 26,046 1,223 9,443 598 1,984 3,894 2,347 1,758 608 376 717 774 2,323 U.S. Treasury, general account 2,844 0 2,844 0 0 0 0 0 0 0 0 0 0 Foreign official 150 1 121 2 3 11 3 3 0 1 1 0 4 Other 261 2 174 0 1 52 0 1 29 0 1 0 0 Deferred availability cash items 7,249 446 763 621 667 561 1,191 313 177 337 519 378 1,276 Other liabilities and accrued dividends (2) 4,508 239 1,585 184 220 426 368 410 166 121 140 227 422 Total liabilities 819,236 37,098 308,341 34,628 35,434 67,246 71,142 68,650 25,340 16,390 25,042 35,098 94,828 Capital Capital paid in 13,705 324 3,669 750 1,000 3,946 1,035 877 144 244 179 188 1,352 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 1,328 41 333 38 34 397 203 67 29 15 23 67 82 Total liabilities and capital 847,171 37,780 316,028 36,160 37,481 74,896 73,272 70,470 25,657 16,893 25,419 35,505 97,610 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 15, 2006 Federal Reserve notes outstanding 911,825 Less: Notes held by F.R. Banks not subject to collateralization 157,939 Federal Reserve Notes to be collateralized 753,886 Collateral held against Federal Reserve notes 753,886 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 740,646 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 786,963 Less:face value of securities under reverse repurchase agreements 24,324 U.S. Treasury and agency securities eligible to be pledged 762,638 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.