FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 10, 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 9, 2006 Aug 2, 2006 Aug 10, 2005 Aug 9, 2006 Federal Reserve Banks Reserve Bank Credit 825,183 - 7,814 + 33,520 825,177 Securities held outright 764,824 + 31 + 40,122 764,828 U.S. Treasury (1) 764,824 + 31 + 40,122 764,828 Bills (2) 277,019 0 + 12,004 277,019 Notes and bonds, nominal (2) 457,826 - 705 + 20,452 457,826 Notes and bonds, inflation-indexed (2) 26,019 + 706 + 6,486 26,019 Inflation compensation (3) 3,961 + 31 + 1,181 3,966 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 18,929 - 7,678 - 7,035 17,500 Loans to depository institutions 341 - 145 + 72 360 Primary credit 9 - 132 + 7 25 Secondary credit 0 0 0 0 Seasonal credit 331 - 14 + 64 336 Float -718 - 287 - 363 520 Other Federal Reserve assets 41,809 + 268 + 726 41,968 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,060 + 14 + 1,631 38,060 Total factors supplying reserve funds 876,484 - 7,799 + 35,151 876,478 Currency in circulation(5) 794,064 + 1,291 + 29,724 795,862 Reverse repurchase agreements (6) 28,444 - 1,201 + 5,333 27,860 Foreign official and international accounts 28,444 - 1,201 + 5,333 27,860 Dealers 0 0 0 0 Treasury cash holdings 157 + 8 - 89 160 Deposits with F.R.Banks, other than reserve balances 12,225 + 60 - 2,282 10,469 U.S. Treasury, general account 4,643 - 77 - 346 2,907 Foreign official 90 0 - 2 88 Service-related 7,207 + 181 - 1,909 7,207 Required clearing balances 7,204 + 178 - 1,912 7,204 Adjustments to compensate for float 3 + 3 + 3 3 Other 286 - 42 - 24 268 Other liabilities and capital 35,599 + 116 + 4,919 35,042 Total factors, other than reserve balances, absorbing reserve funds 870,489 + 273 + 37,605 869,393 Reserve balances with Federal Reserve Banks 5,995 - 8,073 - 2,455 7,084 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,662,318 + 8,742 + 201,015 1,661,704 U.S. Treasury 1,134,313 + 12,821 + 42,024 1,135,161 Federal agency 528,005 - 4,080 + 158,991 526,543 Securities lent to dealers 2,896 + 320 - 585 2,867 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 9, 2006 Aug 2, 2006 Aug 10, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 764 + 7 + 128 Securities, repurchase agreements, and loans 782,689 - 11,127 + 33,201 Securities held outright 764,828 + 13 + 40,125 U.S. Treasury (1) 764,828 + 13 + 40,125 Bills (2) 277,019 0 + 12,004 Notes and bonds, nominal (2) 457,826 0 + 20,452 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 Inflation compensation (3) 3,966 + 14 + 1,185 Federal agency (2) 0 0 0 Repurchase agreements (4) 17,500 - 10,250 - 7,000 Loans 360 - 891 + 75 Items in process of collection (1,067) 5,263 + 383 - 662 Bank premises 1,867 + 1 + 40 Other assets (5) 39,862 + 486 + 336 Total assets (1,067) 843,682 - 10,251 + 33,044 Liabilities Federal Reserve notes net of FR Bank holdings 758,723 + 1,307 + 28,701 Reverse repurchase agreements (6) 27,860 - 938 + 4,220 Deposits (0) 17,314 - 9,598 - 3,114 Depository institutions 14,051 - 6,914 - 240 U.S. Treasury, general account 2,907 - 2,564 - 2,772 Foreign official 88 - 3 - 68 Other (0) 268 - 118 - 34 Deferred availability cash items (1,067) 4,743 - 953 - 1,411 Other liabilities and accrued dividends (7) 5,047 + 75 + 1,635 Total liabilities (1,067) 813,687 - 10,107 + 30,032 Capital Accounts Capital paid in 15,016 + 19 + 1,609 Surplus 12,901 0 + 1,301 Other capital accounts 2,077 - 163 + 100 Total capital 29,995 - 144 + 3,012 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 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 9, 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 72 59,574 + 167 0 0 17,500 27,860 16 days to 90 days 289 168,826 - 805 0 0 0 0 91 days to 1 year 0 176,794 + 640 0 0 ------ ------ Over 1 to 5 years ------ 218,570 + 4 0 0 ------ ------ Over 5 to 10 years ------ 61,355 + 3 0 0 ------ ------ Over 10 years ------ 79,710 + 6 0 0 ------ ------ All 360 764,828 + 13 0 0 17,500 27,860 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 9, 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 764 27 39 34 73 71 105 92 39 29 58 80 118 Securities, repurchase agreements, and loans 782,689 36,496 300,584 33,206 33,025 63,536 64,043 70,312 24,360 15,670 22,435 34,331 84,690 Securities held outright 764,828 36,496 283,084 33,206 33,025 63,534 64,029 70,226 24,300 15,548 22,396 34,325 84,659 U.S. Treasury (1) 764,828 36,496 283,084 33,206 33,025 63,534 64,029 70,226 24,300 15,548 22,396 34,325 84,659 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) 487,810 23,277 180,552 21,179 21,063 40,522 40,838 44,791 15,499 9,917 14,284 21,892 53,996 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 17,500 0 17,500 0 0 0 0 0 0 0 0 0 0 Loans 360 0 0 0 0 2 14 85 60 122 40 6 31 Items in process of collection 6,330 252 423 419 707 345 601 236 151 259 1,379 409 1,149 Bank premises 1,867 113 206 57 157 156 230 208 71 117 122 258 172 Other assets(5) 39,862 1,284 14,404 1,885 2,336 7,068 2,849 2,856 797 733 758 1,007 3,884 Interdistrict settlement account 0 - 835 + 3,551 + 1,171 - 969 + 1,466 + 4,443 - 8,891 - 676 - 183 + 693 - 1,375 + 1,606 Total Assets 844,748 37,938 324,220 37,317 35,879 73,641 73,461 65,971 25,141 16,866 25,836 35,383 93,095 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 9, 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 931,061 38,128 348,518 39,577 37,023 73,293 93,033 73,630 27,122 17,246 27,295 50,011 106,184 Less: notes held by F.R. Banks 172,338 3,684 50,220 7,473 6,227 13,408 27,012 14,040 3,985 2,253 3,848 17,691 22,495 Federal Reserve notes, net 758,723 34,444 298,298 32,103 30,796 59,885 66,021 59,589 23,137 14,993 23,446 32,320 83,689 Reverse repurchase agreements (1) 27,860 1,329 10,312 1,210 1,203 2,314 2,332 2,558 885 566 816 1,250 3,084 Deposits 17,314 728 5,791 574 841 2,321 1,740 1,298 454 303 569 721 1,975 Depository institutions 14,051 724 2,658 571 838 2,217 1,738 1,294 452 302 567 720 1,970 U.S. Treasury, general account 2,907 0 2,907 0 0 0 0 0 0 0 0 0 0 Foreign official 88 1 60 2 3 11 3 3 0 1 1 0 4 Other 268 2 167 0 0 94 0 2 1 0 1 0 0 Deferred availability cash items 5,810 388 498 428 539 544 731 293 149 370 467 395 1,009 Other liabilities and accrued dividends (2) 5,047 250 1,698 235 244 487 433 459 186 132 173 240 510 Total liabilities 814,754 37,140 316,596 34,550 33,623 65,552 71,258 64,198 24,811 16,365 25,470 34,927 90,266 Capital Capital paid in 15,016 382 3,676 1,745 1,121 4,015 1,073 841 155 243 174 213 1,378 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,077 99 262 279 121 767 238 56 31 13 18 90 103 Total liabilities and capital 844,748 37,938 324,220 37,317 35,879 73,641 73,461 65,971 25,141 16,866 25,836 35,383 93,095 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 9, 2006 Federal Reserve notes outstanding 931,061 Less: Notes held by F.R. Banks not subject to collateralization 172,338 Federal Reserve Notes to be collateralized 758,723 Collateral held against Federal Reserve notes 758,723 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 745,486 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 782,328 Less:face value of securities under reverse repurchase agreements 27,902 U.S. Treasury and agency securities eligible to be pledged 754,427 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.