FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks January 5, 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 Jan 4, 2006 Dec 28, 2005 Jan 5, 2005 Jan 4, 2006 Federal Reserve Banks Reserve Bank Credit 832,796 + 6,393 + 41,143 831,230 Securities held outright 743,831 - 376 + 26,012 742,870 U.S. Treasury (1) 743,831 - 376 + 26,012 742,870 Bills (2) 271,270 0 + 8,300 271,270 Notes and bonds, nominal (2) 449,217 - 378 + 12,788 448,274 Notes and bonds, inflation-indexed (2) 19,983 0 + 3,875 19,983 Inflation compensation (3) 3,360 + 2 + 1,048 3,342 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 48,750 + 6,571 + 15,536 46,500 Loans to depository institutions 64 - 61 + 11 37 Primary credit 7 - 44 - 12 8 Secondary credit 0 0 0 0 Seasonal credit 57 - 17 + 22 29 Float 855 + 42 - 108 2,412 Other Federal Reserve assets 39,296 + 216 - 307 39,412 Gold stock 11,043 + 2 - 2 11,043 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,610 + 14 + 176 36,610 Total factors supplying reserve funds 882,649 + 6,409 + 41,317 881,084 Currency in circulation(5) 793,705 + 1,594 + 38,677 792,263 Reverse repurchase agreements (6) 30,431 + 1,854 + 529 27,567 Foreign official and international accounts 30,431 + 1,854 + 529 27,567 Dealers 0 0 0 0 Treasury cash holdings 202 - 1 - 69 202 Deposits with F.R.Banks, other than reserve balances 15,073 + 1,168 - 1,693 12,920 U.S. Treasury, general account 4,734 - 119 - 916 3,922 Foreign official 85 + 1 - 89 81 Service-related 8,652 - 14 - 1,311 8,652 Required clearing balances 8,652 - 1 - 1,311 8,652 Adjustments to compensate for float 0 - 13 0 0 Other 1,602 + 1,299 + 622 265 Other liabilities and capital 30,892 - 1,757 + 4,804 30,961 Total factors, other than reserve balances, absorbing reserve funds 870,303 + 2,857 + 42,249 863,913 Reserve balances with Federal Reserve Banks 12,346 + 3,551 - 932 17,171 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,523,543 + 4,480 + 179,333 1,523,301 U.S. Treasury 1,095,985 - 3,749 + 28,840 1,095,340 Federal agency 427,558 + 8,229 + 150,493 427,961 Securities lent to dealers 3,695 + 2,399 - 1,912 1,849 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 Jan 4, 2006 Dec 28, 2005 Jan 5, 2005 Assets Gold certificate account 11,039 + 2 - 2 Special drawing rights certificate account 2,200 0 0 Coin 683 - 5 - 36 Securities, repurchase agreements, and loans 789,407 - 167 + 37,042 Securities held outright 742,870 - 1,340 + 25,049 U.S. Treasury (1) 742,870 - 1,340 + 25,049 Bills (2) 271,270 0 + 8,300 Notes and bonds, nominal (2) 448,274 - 1,321 + 11,845 Notes and bonds, inflation-indexed (2) 19,983 0 + 3,875 Inflation compensation (3) 3,342 - 20 + 1,029 Federal agency (2) 0 0 0 Repurchase agreements (4) 46,500 + 1,250 + 12,000 Loans 37 - 77 - 7 Items in process of collection (2,319) 11,813 + 4,063 + 2,272 Bank premises 1,820 - 6 + 46 Other assets (5) 37,604 + 265 - 2,023 Total assets (2,319) 854,566 + 4,152 + 37,299 Liabilities Federal Reserve notes net of FR Bank holdings 756,534 - 2,712 + 38,053 Reverse repurchase agreements (6) 27,567 - 2,805 - 1,080 Deposits (0) 30,103 + 8,437 - 6,827 Depository institutions 25,835 + 8,773 - 5,983 U.S. Treasury, general account 3,922 - 321 - 869 Foreign official 81 - 4 - 12 Other (0) 265 - 11 + 36 Deferred availability cash items (2,318) 9,401 + 2,704 + 1,712 Other liabilities and accrued dividends (7) 3,910 - 509 + 1,165 Total liabilities (2,319) 827,515 + 5,115 + 33,022 Capital Accounts Capital paid in 13,542 + 6 + 1,696 Surplus 12,905 + 1,275 + 2,085 Other capital accounts 604 - 2,245 + 495 Total capital 27,051 - 963 + 4,277 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, January 4, 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 17 49,527 - 7,645 0 0 46,500 27,567 16 days to 90 days 19 164,093 + 8,234 0 0 0 0 91 days to 1 year 0 185,897 - 628 0 0 ------ ------ Over 1 to 5 years ------ 209,454 - 1,289 0 0 ------ ------ Over 5 to 10 years ------ 56,694 - 4 0 0 ------ ------ Over 10 years ------ 77,204 - 9 0 0 ------ ------ All 37 742,870 - 1,340 0 0 46,500 27,567 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 January 4, 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 11,039 510 4,357 432 453 836 945 928 327 212 318 549 1,172 Special drawing rights certificate acct. 2,200 115 874 83 104 147 166 212 71 30 66 98 234 Coin 683 31 49 35 54 66 90 78 42 22 60 65 92 Securities, repurchase agreements, and loans 789,407 38,007 341,074 26,353 31,383 56,693 57,481 66,906 23,052 15,517 21,022 36,590 75,328 Securities held outright 742,870 38,007 294,574 26,353 31,383 56,693 57,472 66,899 23,052 15,515 21,011 36,587 75,322 U.S. Treasury (1) 742,870 38,007 294,574 26,353 31,383 56,693 57,472 66,899 23,052 15,515 21,011 36,587 75,322 Bills (2) 271,270 13,879 107,568 9,623 11,460 20,702 20,987 24,429 8,418 5,666 7,673 13,360 27,505 Notes and bonds(3) 471,599 24,128 187,006 16,730 19,923 35,991 36,485 42,470 14,634 9,850 13,339 23,227 47,817 Federal agency (2) 0 0 0 0 0 0 0 0 0 0 0 0 0 Repurchase agreements(4) 46,500 0 46,500 0 0 0 0 0 0 0 0 0 0 Loans 37 0 0 0 0 0 9 7 0 2 11 3 6 Items in process of collection 14,132 833 708 785 1,468 950 2,046 906 511 641 1,272 1,886 2,126 Bank premises 1,820 111 204 53 157 153 232 211 69 119 84 261 164 Other assets(5) 37,604 3,231 14,290 1,117 2,451 4,812 2,111 2,616 900 749 685 996 3,643 Interdistrict settlement account 0 - 3,340 -40,778 + 5,982 + 1,435 + 6,961 + 9,377 + 1,490 + 2,077 + 129 + 2,110 - 3,867 +18,425 Total Assets 856,885 39,499 320,778 34,841 37,505 70,619 72,448 73,347 27,049 17,419 25,617 36,578 101,185 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 January 4, 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 906,487 39,175 327,684 37,289 36,530 69,790 84,399 76,972 28,099 17,907 27,794 50,241 110,608 Less: notes held by F.R. Banks 149,953 4,524 44,002 6,430 5,058 11,758 19,471 10,517 3,402 2,816 5,032 17,159 19,784 Federal Reserve notes, net 756,534 34,650 283,682 30,859 31,472 58,032 64,929 66,455 24,697 15,092 22,762 33,082 90,824 Reverse repurchase agreements (1) 27,567 1,410 10,931 978 1,165 2,104 2,133 2,483 855 576 780 1,358 2,795 Deposits 30,103 1,643 16,047 488 1,386 2,025 2,013 1,400 783 346 733 663 2,576 Depository institutions 25,835 1,637 11,908 484 1,380 1,927 2,011 1,396 781 345 731 663 2,571 U.S. Treasury, general account 3,922 0 3,922 0 0 0 0 0 0 0 0 0 0 Foreign official 81 5 52 1 4 7 2 3 1 1 1 0 4 Other 265 0 164 3 2 91 0 1 1 0 1 0 0 Deferred availability cash items 11,719 890 1,142 878 1,222 790 1,231 841 260 799 853 945 1,868 Other liabilities and accrued dividends (2) 3,910 213 1,367 162 189 356 322 363 147 105 124 207 356 Total liabilities 829,834 38,806 313,169 33,364 35,433 63,307 70,627 71,541 26,743 16,918 25,252 36,255 98,419 Capital Capital paid in 13,542 317 3,685 744 1,014 3,942 892 884 144 243 175 153 1,349 Surplus 12,905 317 3,685 733 1,013 3,322 892 876 144 245 175 153 1,349 Other capital 604 59 240 0 44 48 36 46 18 13 15 17 68 Total liabilities and capital 856,885 39,499 320,778 34,841 37,505 70,619 72,448 73,347 27,049 17,419 25,617 36,578 101,185 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 Jan 4, 2006 Federal Reserve notes outstanding 906,487 Less: Notes held by F.R. Banks not subject to collateralization 149,953 Federal Reserve Notes to be collateralized 756,534 Collateral held against Federal Reserve notes 756,534 Gold certificate account 11,039 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 743,295 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 789,370 Less:face value of securities under reverse repurchase agreements 27,601 U.S. Treasury and agency securities eligible to be pledged 761,769 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.