FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks August 24, 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 23, 2006 Aug 16, 2006 Aug 24, 2005 Aug 23, 2006 Federal Reserve Banks Reserve Bank Credit 825,027 - 4,209 + 33,601 823,337 Securities held outright 764,850 + 13 + 36,297 764,855 U.S. Treasury (1) 764,850 + 13 + 36,297 764,855 Bills (2) 277,019 0 + 9,690 277,019 Notes and bonds, nominal (2) 457,826 0 + 18,921 457,826 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 26,019 Inflation compensation (3) 3,987 + 13 + 1,202 3,992 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 21,536 - 1,893 - 3,571 19,750 Loans to depository institutions 348 + 1 + 15 367 Primary credit 7 - 1 - 9 10 Secondary credit 0 0 0 0 Seasonal credit 341 + 2 + 24 357 Float -274 + 82 + 261 -320 Other Federal Reserve assets 38,567 - 2,413 + 598 38,685 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,088 + 14 + 1,659 38,088 Total factors supplying reserve funds 876,356 - 4,195 + 35,260 874,666 Currency in circulation(5) 793,326 - 1,140 + 30,569 793,914 Reverse repurchase agreements (6) 27,503 - 1,390 + 3,466 26,553 Foreign official and international accounts 27,503 - 1,390 + 3,466 26,553 Dealers 0 0 0 0 Treasury cash holdings 159 - 1 - 94 170 Deposits with F.R.Banks, other than reserve balances 12,708 + 387 - 1,597 12,333 U.S. Treasury, general account 4,997 + 250 - 184 4,943 Foreign official 89 0 + 2 90 Service-related 6,982 - 219 - 1,739 6,982 Required clearing balances 6,982 - 219 - 1,739 6,982 Adjustments to compensate for float 0 0 0 0 Other 640 + 355 + 324 318 Other liabilities and capital 35,597 + 216 + 4,810 35,210 Total factors, other than reserve balances, absorbing reserve funds 869,294 - 1,926 + 37,156 868,181 Reserve balances with Federal Reserve Banks 7,062 - 2,269 - 1,896 6,485 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,670,373 + 3,165 + 204,571 1,676,125 U.S. Treasury 1,139,087 + 1,223 + 42,910 1,142,527 Federal agency 531,286 + 1,942 + 161,661 533,598 Securities lent to dealers 1,228 - 1,250 - 589 1,465 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 23, 2006 Aug 16, 2006 Aug 24, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 776 + 7 + 126 Securities, repurchase agreements, and loans 784,972 - 5,481 + 29,047 Securities held outright 764,855 + 13 + 35,276 U.S. Treasury (1) 764,855 + 13 + 35,276 Bills (2) 277,019 0 + 9,511 Notes and bonds, nominal (2) 457,826 0 + 18,074 Notes and bonds, inflation-indexed (2) 26,019 0 + 6,486 Inflation compensation (3) 3,992 + 13 + 1,206 Federal agency (2) 0 0 0 Repurchase agreements (4) 19,750 - 5,500 - 6,250 Loans 367 + 6 + 21 Items in process of collection (970) 4,260 + 247 - 1,228 Bank premises 1,877 + 7 + 45 Other assets (5) 36,714 + 343 + 319 Total assets (970) 841,837 - 4,876 + 28,310 Liabilities Federal Reserve notes net of FR Bank holdings 756,769 - 1,558 + 28,839 Reverse repurchase agreements (6) 26,553 - 956 + 2,439 Deposits (0) 18,725 - 2,197 - 6,323 Depository institutions 13,373 - 2,740 - 6,696 U.S. Treasury, general account 4,943 + 500 + 340 Foreign official 90 + 2 + 10 Other (0) 318 + 41 + 22 Deferred availability cash items (970) 4,580 - 225 - 1,246 Other liabilities and accrued dividends (7) 5,252 + 72 + 1,684 Total liabilities (970) 811,878 - 4,865 + 25,391 Capital Accounts Capital paid in 15,047 + 17 + 1,606 Surplus 12,901 0 + 1,271 Other capital accounts 2,011 - 28 + 42 Total capital 29,959 - 11 + 2,919 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 23, 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 325 63,576 + 673 0 0 19,750 26,553 16 days to 90 days 42 165,659 + 6,656 0 0 0 0 91 days to 1 year 0 183,512 - 7,327 0 0 ------ ------ Over 1 to 5 years ------ 211,118 + 3 0 0 ------ ------ Over 5 to 10 years ------ 59,710 + 1,559 0 0 ------ ------ Over 10 years ------ 81,279 - 1,551 0 0 ------ ------ All 367 764,855 + 13 0 0 19,750 26,553 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 23, 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 776 24 45 39 72 73 105 95 39 30 56 80 118 Securities, repurchase agreements, and loans 784,972 36,498 302,844 33,207 33,026 63,538 64,045 70,318 24,367 15,670 22,445 34,332 84,682 Securities held outright 764,855 36,498 283,094 33,207 33,026 63,537 64,031 70,229 24,301 15,549 22,397 34,326 84,662 U.S. Treasury (1) 764,855 36,498 283,094 33,207 33,026 63,537 64,031 70,229 24,301 15,549 22,397 34,326 84,662 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) 487,836 23,279 180,562 21,180 21,065 40,525 40,840 44,793 15,499 9,917 14,285 21,894 53,999 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 19,750 0 19,750 0 0 0 0 0 0 0 0 0 0 Loans 367 0 0 0 0 1 14 89 67 121 48 6 20 Items in process of collection 5,230 252 143 931 340 318 578 229 167 254 485 345 1,189 Bank premises 1,877 113 207 57 157 157 231 209 73 117 122 259 175 Other assets(5) 36,714 1,141 13,260 1,749 2,199 6,781 2,552 2,569 712 670 670 873 3,538 Interdistrict settlement account 0 - 1,075 + 3,799 + 709 - 373 + 2,523 + 5,487 - 9,809 - 816 - 374 + 1,357 - 1,696 + 266 Total Assets 842,807 37,554 325,310 37,238 35,971 74,390 74,187 64,769 24,942 16,607 25,526 34,866 91,444 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 23, 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 931,760 38,016 349,122 39,357 37,162 73,354 93,593 73,287 27,142 17,146 27,254 50,170 106,158 Less: notes held by F.R. Banks 174,991 3,852 50,028 7,601 6,352 13,361 26,489 14,698 4,161 2,374 4,050 18,259 23,765 Federal Reserve notes, net 756,769 34,164 299,094 31,756 30,810 59,993 67,104 58,589 22,981 14,772 23,203 31,911 82,393 Reverse repurchase agreements (1) 26,553 1,267 9,828 1,153 1,147 2,206 2,223 2,438 844 540 778 1,192 2,939 Deposits 18,725 686 6,914 471 923 3,180 1,518 1,230 475 272 511 767 1,777 Depository institutions 13,373 680 1,734 469 916 3,041 1,514 1,227 472 271 510 767 1,772 U.S. Treasury, general account 4,943 0 4,943 0 0 0 0 0 0 0 0 0 0 Foreign official 90 1 61 2 3 11 3 3 0 1 1 0 4 Other 318 5 176 0 4 129 0 0 2 0 1 0 0 Deferred availability cash items 5,550 383 100 800 571 459 704 267 124 388 497 289 970 Other liabilities and accrued dividends (2) 5,252 261 1,778 247 253 499 449 482 192 138 172 247 534 Total liabilities 812,848 36,761 317,715 34,427 33,703 66,337 71,997 63,006 24,615 16,109 25,161 34,406 88,612 Capital Capital paid in 15,047 383 3,688 1,745 1,126 4,017 1,072 841 155 243 174 214 1,387 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,011 94 222 322 128 728 225 46 29 10 16 94 96 Total liabilities and capital 842,807 37,554 325,310 37,238 35,971 74,390 74,187 64,769 24,942 16,607 25,526 34,866 91,444 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 23, 2006 Federal Reserve notes outstanding 931,760 Less: Notes held by F.R. Banks not subject to collateralization 174,991 Federal Reserve Notes to be collateralized 756,769 Collateral held against Federal Reserve notes 756,769 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 743,532 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 784,605 Less:face value of securities under reverse repurchase agreements 26,591 U.S. Treasury and agency securities eligible to be pledged 758,014 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.