FEDERAL RESERVE Statistical Release H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of Federal Reserve Banks February 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 Feb 15, 2006 Feb 8, 2006 Feb 16, 2005 Feb 15, 2006 Federal Reserve Banks Reserve Bank Credit 815,847 + 6,737 + 32,144 817,909 Securities held outright 750,625 + 1,798 + 32,759 751,327 U.S. Treasury (1) 750,625 + 1,798 + 32,759 751,327 Bills (2) 273,431 + 574 + 10,426 274,142 Notes and bonds, nominal (2) 451,830 + 1,250 + 18,401 451,830 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 22,196 Inflation compensation (3) 3,168 - 26 + 844 3,158 Federal agency (2) 0 0 0 0 Repurchase agreements(4) 24,357 + 4,321 + 428 29,750 Loans to depository institutions 98 + 65 + 75 464 Primary credit 66 + 61 + 57 430 Secondary credit 0 0 0 0 Seasonal credit 32 + 4 + 18 33 Float 584 + 699 + 171 -624 Other Federal Reserve assets 40,182 - 148 - 1,291 36,993 Gold stock 11,044 0 + 2 11,044 Special drawing rights certificate account 2,200 0 0 2,200 Treasury currency outstanding (5) 36,624 + 14 + 134 36,624 Total factors supplying reserve funds 865,715 + 6,751 + 32,280 867,777 Currency in circulation(5) 786,015 + 1,811 + 34,874 787,847 Reverse repurchase agreements (6) 22,396 - 882 - 4,648 22,695 Foreign official and international accounts 22,396 - 882 - 4,648 22,695 Dealers 0 0 0 0 Treasury cash holdings 198 - 8 - 82 193 Deposits with F.R.Banks, other than reserve balances 14,045 - 171 - 1,028 13,959 U.S. Treasury, general account 5,224 - 136 + 300 5,125 Foreign official 91 + 8 + 9 101 Service-related 8,471 - 1 - 1,300 8,471 Required clearing balances 8,471 - 1 - 1,300 8,471 Adjustments to compensate for float 0 0 0 0 Other 259 - 43 - 37 262 Other liabilities and capital 31,790 + 513 + 4,840 31,583 Total factors, other than reserve balances, absorbing reserve funds 854,443 + 1,261 + 33,954 856,276 Reserve balances with Federal Reserve Banks 11,271 + 5,488 - 1,676 11,501 Memo (off-balance-sheet items): Marketable securities held in custody for foreign official and international accounts(2,7) 1,556,712 + 12,644 + 214,433 1,571,376 U.S. Treasury 1,111,275 + 6,596 + 54,228 1,121,049 Federal agency 445,437 + 6,048 + 160,205 450,327 Securities lent to dealers 1,335 - 921 - 2,106 1,916 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 Feb 15, 2006 Feb 8, 2006 Feb 16, 2005 Assets Gold certificate account 11,040 0 + 2 Special drawing rights certificate account 2,200 0 0 Coin 846 + 16 + 18 Securities, repurchase agreements, and loans 781,540 + 13,171 + 45,155 Securities held outright 751,327 + 2,499 + 33,468 U.S. Treasury (1) 751,327 + 2,499 + 33,468 Bills (2) 274,142 + 1,274 + 11,137 Notes and bonds, nominal (2) 451,830 + 1,250 + 18,401 Notes and bonds, inflation-indexed (2) 22,196 0 + 3,088 Inflation compensation (3) 3,158 - 26 + 842 Federal agency (2) 0 0 0 Repurchase agreements (4) 29,750 + 10,250 + 11,250 Loans 464 + 423 + 437 Items in process of collection (1,041) 5,544 - 2,081 - 2,459 Bank premises 1,820 - 4 + 37 Other assets (5) 35,205 - 3,404 - 1,844 Total assets (1,041) 838,195 + 7,698 + 40,909 Liabilities Federal Reserve notes net of FR Bank holdings 752,258 + 1,251 + 34,893 Reverse repurchase agreements (6) 22,695 + 17 - 651 Deposits (0) 25,518 + 6,594 + 3,059 Depository institutions 20,030 + 5,417 + 2,963 U.S. Treasury, general account 5,125 + 1,152 + 115 Foreign official 101 + 19 + 16 Other (0) 262 + 6 - 35 Deferred availability cash items (1,041) 6,142 - 602 - 1,007 Other liabilities and accrued dividends (7) 4,249 + 53 + 1,323 Total liabilities (1,041) 810,861 + 7,312 + 37,616 Capital Accounts Capital paid in 13,715 + 142 + 1,271 Surplus 12,901 + 17 + 1,872 Other capital accounts 718 + 227 + 150 Total capital 27,334 + 386 + 3,293 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, February 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 464 57,839 + 4,373 0 0 29,750 22,695 16 days to 90 days 0 166,494 + 2,990 0 0 0 0 91 days to 1 year 0 180,520 - 5,622 0 0 ------ ------ Over 1 to 5 years ------ 212,648 + 2,674 0 0 ------ ------ Over 5 to 10 years ------ 53,056 - 3,587 0 0 ------ ------ Over 10 years ------ 80,769 + 1,670 0 0 ------ ------ All 464 751,327 + 2,499 0 0 29,750 22,695 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 February 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 846 37 70 46 64 85 111 100 48 29 71 74 111 Securities, repurchase agreements, and loans 781,540 38,448 328,098 26,653 31,740 57,339 58,127 67,678 23,318 15,696 21,259 37,004 76,182 Securities held outright 751,327 38,440 297,927 26,653 31,740 57,339 58,127 67,660 23,314 15,692 21,251 37,004 76,180 U.S. Treasury (1) 751,327 38,440 297,927 26,653 31,740 57,339 58,127 67,660 23,314 15,692 21,251 37,004 76,180 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) 477,185 24,414 189,220 16,928 20,159 36,417 36,918 42,973 14,807 9,966 13,497 23,502 48,384 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 464 8 421 0 0 0 0 17 3 4 8 0 3 Items in process of collection 6,584 258 438 287 590 402 1,326 504 242 323 664 448 1,104 Bank premises 1,820 112 206 53 157 153 232 211 70 119 88 260 158 Other assets(5) 35,205 3,091 13,318 1,035 2,342 4,623 1,901 2,404 846 701 625 890 3,430 Interdistrict settlement account 0 - 4,199 -39,107 + 5,790 + 2,197 + 9,986 +11,296 - 675 + 1,117 - 350 + 1,922 - 3,476 +15,499 Total Assets 839,235 38,372 308,255 34,378 37,647 73,570 74,103 71,362 26,039 16,760 25,012 35,847 97,891 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 February 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 910,879 39,141 326,389 37,862 36,643 73,122 87,784 77,237 27,843 17,738 27,619 49,667 109,834 Less: notes held by F.R. Banks 158,621 5,060 47,284 7,108 5,130 12,040 20,442 12,233 3,658 2,749 4,903 16,585 21,430 Federal Reserve notes, net 752,258 34,081 279,105 30,754 31,513 61,083 67,342 65,004 24,185 14,989 22,715 33,083 88,404 Reverse repurchase agreements (1) 22,695 1,161 8,999 805 959 1,732 1,756 2,044 704 474 642 1,118 2,301 Deposits 25,518 1,741 10,233 571 2,324 2,337 1,617 1,758 520 328 605 709 2,776 Depository institutions 20,030 1,719 4,877 570 2,318 2,252 1,615 1,753 516 327 603 708 2,772 U.S. Treasury, general account 5,125 0 5,125 0 0 0 0 0 0 0 0 0 0 Foreign official 101 5 73 1 4 7 2 3 1 1 1 0 4 Other 262 17 158 0 2 78 0 2 3 0 1 0 0 Deferred availability cash items 7,182 504 801 558 601 583 1,066 350 168 356 547 389 1,259 Other liabilities and accrued dividends (2) 4,249 229 1,493 171 205 391 352 390 159 115 134 216 395 Total liabilities 811,901 37,716 300,630 32,859 35,602 66,126 72,132 69,546 25,737 16,262 24,642 35,515 95,135 Capital Capital paid in 13,715 323 3,693 750 1,014 3,945 1,035 884 144 243 178 153 1,351 Surplus 12,901 317 3,685 744 1,013 3,307 892 876 144 245 175 153 1,349 Other capital 718 16 246 25 18 192 44 56 13 9 17 26 56 Total liabilities and capital 839,235 38,372 308,255 34,378 37,647 73,570 74,103 71,362 26,039 16,760 25,012 35,847 97,891 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 Feb 15, 2006 Federal Reserve notes outstanding 910,879 Less: Notes held by F.R. Banks not subject to collateralization 158,621 Federal Reserve Notes to be collateralized 752,258 Collateral held against Federal Reserve notes 752,258 Gold certificate account 11,040 Special drawing rights certificate account 2,200 U.S. Treasury and agency securities pledged (1) 739,018 Other assets pledged 0 Memo: Total U.S. Treasury and agency securities (1) 781,077 Less:face value of securities under reverse repurchase agreements 22,721 U.S. Treasury and agency securities eligible to be pledged 758,355 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.