FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks October 26, 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 Oct 25, 2006 Oct 18, 2006 Oct 26, 2005 Oct 25, 2006 Federal Reserve Banks Reserve Bank Credit 830,809 - 647 + 32,877 838,510 Securities held outright 767,413 - 1,164 + 29,131 768,422 U.S. Treasury (1) 767,413 - 1,164 + 29,131 768,422 Bills (2) 277,019 0 + 6,763 277,019 Notes and bonds, nominal (2) 458,811 - 1,992 + 13,778 459,815 Notes and bonds, inflation-indexed (2) 27,430 + 806 + 7,447 27,430 Inflation compensation (3) 4,152 + 21 + 1,143 4,157 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 22,893 + 107 + 3,822 30,000 Loans to depository institutions 174 - 56 - 48 172 Primary credit 9 - 25 - 31 6 Secondary credit 0 0 0 0 Seasonal credit 165 - 32 - 18 166 Float -402 + 58 - 867 -877 Other Federal Reserve assets 40,732 + 409 + 842 40,794 Gold stock 11,041 0 0 11,041 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 38,123 + 14 + 1,694 38,123 Total factors supplying reserve funds 882,173 - 633 + 34,572 889,875 Currency in circulation(5) 794,149 - 704 + 26,339 795,587 Reverse repurchase agreements (6) 30,721 - 703 + 6,503 31,151 Foreign official and international accounts 30,721 - 703 + 6,503 31,151 Dealers 0 0 0 0 Treasury cash holdings 180 + 15 - 40 179 Deposits with F.R.Banks, other than reserve balances 12,471 + 300 - 1,670 12,643 U.S. Treasury, general account 5,178 + 323 + 29 5,346 Foreign official 89 - 15 - 7 90 Service-related 6,914 - 2 - 1,673 6,914 Required clearing balances 6,914 - 2 - 1,673 6,914 Adjustments to compensate for float 0 0 0 0 Other 290 - 7 - 20 293 Other liabilities and capital 36,417 + 337 + 4,744 36,030 Total factors, other than reserve balances, absorbing reserve funds 873,937 - 757 + 35,874 875,589 Reserve balances with Federal Reserve Banks 8,236 + 124 - 1,302 14,285 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,685,630 + 112 + 209,274 1,691,926 U.S. Treasury 1,141,536 - 3,988 + 53,821 1,142,934 Federal agency 544,094 + 4,100 + 155,454 548,992 Securities lent to dealers 1,663 + 663 - 2,843 219 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 Oct 25, 2006 Oct 18, 2006 Oct 26, 2005 Assets Gold certificate account 11,037 0 0 Special drawing rights certificate account 2,200 0 0 Coin 831 + 1 + 104 Securities, repurchase agreements, and loans 798,593 + 8,788 + 37,126 Securities held outright 768,422 + 1,771 + 28,880 U.S. Treasury (1) 768,422 + 1,771 + 28,880 Bills (2) 277,019 0 + 6,370 Notes and bonds, nominal (2) 459,815 + 1,757 + 13,925 Notes and bonds, inflation-indexed (2) 27,430 0 + 7,447 Inflation compensation (3) 4,157 + 14 + 1,138 Federal agency (2) 0 0 0 Repurchase agreements (4) 30,000 + 7,250 + 8,250 Loans 172 - 232 - 4 Items in process of collection (1,033) 3,376 - 881 - 2,810 Bank premises 1,902 + 3 + 58 Other assets (5) 38,681 + 531 + 538 Total assets (1,033) 856,620 + 8,442 + 35,016 Liabilities Federal Reserve notes net of FR Bank holdings 758,469 - 276 + 24,838 Reverse repurchase agreements (6) 31,151 - 1,744 + 7,497 Deposits (0) 26,736 + 10,740 + 37 Depository institutions 21,006 + 10,927 - 498 U.S. Treasury, general account 5,346 - 194 + 619 Foreign official 90 - 1 - 75 Other (0) 293 + 6 - 10 Deferred availability cash items (1,033) 4,235 - 436 - 1,899 Other liabilities and accrued dividends (7) 5,530 + 38 + 1,522 Total liabilities (1,033) 826,121 + 8,322 + 31,995 Capital Accounts Capital paid in 15,099 + 3 + 1,648 Surplus 12,901 0 + 1,271 Other capital accounts 2,499 + 117 + 102 Total capital 30,500 + 121 + 3,022 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, October 25, 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 168 57,745 + 1,075 0 0 30,000 31,151 16 days to 90 days 4 163,996 - 1,320 0 0 0 0 91 days to 1 year 0 186,185 + 2,003 0 0 ------ ------ Over 1 to 5 years ------ 217,176 + 4 0 0 ------ ------ Over 5 to 10 years ------ 61,745 + 3 0 0 ------ ------ Over 10 years ------ 81,575 + 6 0 0 ------ ------ All 172 768,422 + 1,771 0 0 30,000 31,151 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 October 25, 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 831 23 45 60 78 77 107 97 39 30 62 80 134 Securities, repurchase agreements, and loans 798,593 36,668 314,414 33,362 33,180 63,833 64,337 70,618 24,420 15,683 22,533 34,489 85,057 Securities held outright 768,422 36,668 284,414 33,362 33,180 63,833 64,330 70,556 24,414 15,622 22,501 34,486 85,057 U.S. Treasury (1) 768,422 36,668 284,414 33,362 33,180 63,833 64,330 70,556 24,414 15,622 22,501 34,486 85,057 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) 491,403 23,449 181,882 21,335 21,219 40,821 41,139 45,121 15,613 9,990 14,389 22,054 54,393 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 30,000 0 30,000 0 0 0 0 0 0 0 0 0 0 Loans 172 0 0 0 0 0 7 62 6 61 32 3 0 Items in process of collection 4,409 174 93 545 504 301 478 314 122 211 417 265 984 Bank premises 1,902 114 208 57 158 161 231 209 75 117 134 260 178 Other assets(5) 38,681 1,242 14,005 1,832 2,269 6,886 2,728 2,768 771 710 734 971 3,764 Interdistrict settlement account 0 - 1,472 - 8,874 + 926 - 525 + 7,980 + 7,734 - 7,607 - 557 - 400 + 2,471 - 2,348 + 2,670 Total Assets 857,653 37,350 324,905 37,327 36,214 80,239 76,804 67,558 25,269 16,592 26,743 34,391 94,263 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 October 25, 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 939,010 37,800 345,927 38,637 36,920 75,191 95,427 76,419 27,060 17,119 28,338 50,434 109,738 Less: notes held by F.R. Banks 180,541 4,110 53,024 7,562 6,843 12,898 25,793 15,567 3,842 2,560 4,020 19,234 25,086 Federal Reserve notes, net 758,469 33,690 292,903 31,075 30,077 62,293 69,634 60,851 23,218 14,560 24,317 31,200 84,652 Reverse repurchase agreements (1) 31,151 1,486 11,530 1,352 1,345 2,588 2,608 2,860 990 633 912 1,398 3,448 Deposits 26,736 795 10,804 720 1,682 6,118 1,329 1,257 413 373 479 800 1,965 Depository institutions 21,006 793 5,224 718 1,677 5,993 1,327 1,254 412 372 477 799 1,961 U.S. Treasury, general account 5,346 0 5,346 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 293 1 173 0 2 114 0 0 1 0 1 0 0 Deferred availability cash items 5,268 296 133 821 577 466 534 298 113 315 484 286 944 Other liabilities and accrued dividends (2) 5,530 267 1,852 274 270 548 468 502 197 146 180 262 563 Total liabilities 827,154 36,535 317,221 34,243 33,952 72,013 74,574 65,768 24,931 16,027 26,372 33,946 91,572 Capital Capital paid in 15,099 390 3,722 1,810 1,099 4,081 1,087 846 159 276 174 209 1,247 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 2,499 108 277 530 149 837 251 67 35 44 23 84 95 Total liabilities and capital 857,653 37,350 324,905 37,327 36,214 80,239 76,804 67,558 25,269 16,592 26,743 34,391 94,263 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 Oct 25, 2006 Federal Reserve notes outstanding 939,010 Less: Notes held by F.R. Banks not subject to collateralization 180,541 Federal Reserve Notes to be collateralized 758,469 Collateral held against Federal Reserve notes 758,469 Gold certificate account 11,037 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 745,233 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 798,422 Less:face value of securities under reverse repurchase agreements 31,486 U.S. Treasury and agency securities eligible to be pledged 766,936 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.